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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

as

kid,$}.991,
No. 50
AdtJ-iph§ of. the Board, its Staff, and
th'4^Federal Reserve Banks;
Applications and Reports Received
During the Week Ending December 14, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES
Skandinaviska Enskilda Banken, Stockholm,
Sweden -- temporary exemption to acquire 6.0
percent of the voting shares of Skandia Group
Forsakringsaktiebolag, a Swedish insurance company.
Granted, December 11, 1991.
FORMS
Report of Condition for Foreign Subsidiaries of U.S.
Banking Organizations (FR 2314a, b, and c) -extension with revision.
Approved, December 12, 1991.
INTERNATIONAL OPERATIONS
Security Pacific Corporation, Los Angeles, California
— to make an investment in Security Pacific
EuroFinance PLC, London, England.
Permitted, December 9, 1991.
REGULATIONS AND POLICIES




State member bank examinations — S-letter concerning
process to resolve bankersT questions about
examination findings.
Approved, December 11, 1991.

H.2

DECEMBER 9, 1991
PAGE 2

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
San Francisco

Barnes Banking Company, Kaysville, Utah -- to
establish a branch at 785 West Industrial Park
Drive, Layton, Utah.
Approved, December 9, 1991.

Dallas

Ellington Bank of Commerce, Houston, Texas — to
establish a branch 2424 Bay Area Boulevard.
Approved, December 13, 1991.

Richmond

Forest Hill State Bank, Bel Air, Maryland -- to
establish a branch at the intersection of Maryland
Routes 7 and 543, Belcamp, Maryland.
Granted, December 10, 1991.

BANK HOLDING COMPANIES




Cleveland

American Bancorporation, Wheeling, West Virginia -to acquire Wellsburg Banking & Trust Company,
Wellsburg, West Virginia.
Withdrawn, December 11, 1991.

S t . Louis

Boatmen1s Bancshares, Inc., St. Louis, Missouri -- to
acquire Founders Bancorporation, Inc., Oklahoma
City, Oklahoma, and Founders Bank and Trust
Company.
Approved, December 12, 1991.

Director, BS&R

CB Financial Corporation, Jackson, Michigan -transfer agent registration.
Withdrawn, December 13, 1991.

Richmond

First National Corporation, Strasburg, Virginia —
continue to engage in community development
activities in connection with housing for low
income or physically handicapped persons.
Permitted, December 11, 1991.

Chicago

IBC Bancorp, Inc., Chicago, Illinois —
International Bank of Chicago.
Returned, December 13, 1991.

to acquire

to

H.2

DECEMBER 9, 1991
PAGE 3

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Minneapolis

McVille Financial Services, Inc., McVille, North
Dakota — to acquire McVille State Bank.
Returned, December 12, 1991.

Chicago

Northwest Financial Corp. Spencer, Iowa — to
,
acquire Conover Bancorporation, Creston, Iowa, and
First National Bank in Creston.
Returned, December 10, 1991.

Chicago

Prairie Bancorp, Inc., Manlius, Illinois -- to
acquire Farmers State Bank of Ferris, Ferris,
Illinois.
Approved, December 12, 1991.

Chicago

Riverdale Bancorporation, Inc., Riverdale, Illinois
- to acquire Interim Heritage Glenwood Savings
Bank, F.S.B., formerly Co-operative Federal
Savings, Westmont, Illinois,
Approved, December 13, 1991.

Kansas City

State National Bancshares, Inc., Wayne, Nebraska -to acquire The State National Bank & Trust Company
Approved, December 11, 1991.

Chicago

Union Bancorporation, Defiance, Iowa — to acquire
Defiance Insurance Agency, Inc., and to engage in
insurance agency activities.
Approved, December 13, 1991.

Minneapolis

Wabasso Bancshares, Inc., Wabasso, Minnesota —
acquire Wabasso State Bank.
Approved, December 13, 1991.

S t . Louis

Wes -Tenn Bancorp, Inc., Covington, Tennessee — to
engage in the operation of a savings and loan
association through Tri - County Federal Savings
Bank, through conversion from a mutual savings
association to a stock organization.
Approved, December 13, 1991.

Francisco
San Francisco>

WestAmerica Bancorporation, San Rafael, California request for waiver in connection with acquisition
of John Muir National Bank, Martinez, California.
Granted, December 10, 1991.

to

H.2

DECEMBER 9, 1991
PAGE 4

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Cleveland

Whitaker Bank Corporation of Kentucky, Lexington,
Kentucky — to acquire Whitaker Bancorp, Inc., and
Whitaker Bancshares, Inc.
Withdrawn, December 12, 1991.

BANK MERGERS
Chicago

Chemical Bank Michigan, Clare, Michigan -- to merge
with Chemical Bank Gladwin County, Beaverton,
Michigan, and to establish branches at 190 Cross
Street; 245 E. Cedar Avenue, Gladwin; 2673 W M-61;
and 27 E M-16, Gladwin, Michigan.
Approved, December 9, 1991.

Cleveland

Lorain County Bank, Elyria, Ohio -- to acquire the
Greenwich and Shiloh, Ohio, branches of Society
Bank & Trust, Toledo, Ohio.
Approved, December 9, 1991.

BANK PREMISES




San Francisco

Barnes Banking Company, Kaysville, Utah -- investment
in bank premises.
Approved, December 9, 1991.

Dallas

Ellington Bank of Commerce, Houston, Texas -investment in bank premises.
Approved, December 13, 1991.

Cleveland

Forest Hill State Bank, Bel Air, Maryland —
investment in bank premises.
Approved, December 10, 1991.

Cleveland

Lorain County Bank, Elyria, Ohio —
bank premises.
Approved, December 9, 1991.

investment in

H.2

DECEMBER 9, 1991
PAGE 5

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANKS, STATE MEMBER
Minneapolis

First Citizens Bank of Poison, Poison, Montana -payment of a dividend.
Approved, December 11, 1991.

Minneapolis

Fulton State Bank, Fulton, South Dakota -- payment of
a dividend.
Approved, December 11, 1991.

CAPITAL STOCK
Chicago

Ocheyedan Bancorporation, Ocheyedan, Iowa —
redemption of shares.
Returned, December 13, 1991.

Minneapolis

Wabasso Bancshares, Inc., Wabasso, Minnesota -redemption of shares.
Approved, December 13, 1991.

CHANGE IN BANK CONTROL




Kansas City

Beaver Bancorp, Inc., Oklahoma City, Oklahoma —
acquire The Bank of Beaver City, Beaver City,
Oklahoma.
Permitted, December 11, 1991.

to

Dallas

City National Bancshares, Inc., Carrollton, Texas —
change in bank control.
Permitted, December 10, 1991.

Chicago

Ocheyedan Bancorporation, Ocheyedan, Iowa —
in bank control.
Returned, December 13, 1991.

St. Louis

Simmons First National Corporation, Pine Bluff,
Arkansas — change in bank control.
Permitted, December 13, 1991.

Minneapolis

Wabasso Bancshares, Inc., Wabasso, Minnesota —
change in bank control.
Permitted, December 13, 1991.

change

H.2

DECEMBER 9, 1991
PAGE 6

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Kansas City

Affiliated National Bank - Colorado Springs, Colorado
Springs, Colorado, proposed merger with Affiliated
National Bank - Austin Bluffs; Affiliated National
Bank - Manitou Springs, Manitou Springs; and
Affiliated National Bank of Pueblo, Pueblo,
Colorado -- report on competitive factors.
Submitted, December 13, 1991.

Kansas City

Affiliated National Bank - Greeley, Greeley,
Colorado, proposed merger with Affiliated National
Bank - South Greeley; Affiliated National Bank West Greeley; and Affiliated National Bank - Ault,
Ault, Colorado — report on competitive factors.
Submitted, December 11, 1991.

Chicago

Boatmen1s National Bank of Hillsboro, Hillsboro,
Illinois — proposed merger with Boatmen1s National
Bank of Benld, Benld, Illinois — report on
competitive factors.
Submitted, December 12, 1991.

Kansas City

Country Club Bank, Kansas City, Missouri, proposed
assumption of the deposit liabilities of Park
National Bank — report on competitive factors.
Submitted, December 13, 1991.

Chicago

Davenport Bank and Trust Company, Davenport, Iowa,
proposed merger with Bettendorf Bank, National
Association — report on competitive factors
Submitted, December 13, 1991.

Richmond

First Palmetto Financial Corporation, Camden, South
Carolina, proposed acquisition of First Federal
Savings and Loan Association of Darlington,
Darlington, South Carolina — report on competitive
factors.
Submitted, December 13, 1991.

Kansas City

Morrill and Janes Bank and Trust Company, Hiawatha,
Kansas, proposed merger with The Bank of Robinson,
Robinson, Kansas — report on competitive factors.
Submitted, December 12, 1991.

H.2

DECEMBER 9, 1991
PAGE 7

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Chicago

Paragon Bank, Holland, Michigan, proposed acquisition
of the assets and assumption of the liabilities of
the Grand Haven office of The Peoples State Bank of
St. Joseph, St. Joseph, Michigan — report on
competitive factors.
Submitted, December 12, 1991.

San Francisco

Peninsula Bank of San Diego, San Diego, California,
proposed merger with Citizens Western Bank —
report on competitive factors.
Submitted, December 11, 1991.

Dallas

United National Bank, Dallas, Texas, proposed merger
with United Bank and Trust — report on competitive
factors.
Submitted, December 9, 1991.

EXTENSIONS OF TIME




Chicago

Bancs of Chicago Bancorp, Inc., Winnetka, Illinois —
extension to February 28, 1992, to acquire GEMA
Financial Corporation, Winnetka, Illinois, and Bank
of Chicago - Little Village, Chicago; Tsvaiter
Financial Corporation; Bank of Chicago-Garfield
Ridge; Dritter Financial Corporation, Winnetka;
Bank of Chicago-Lakeshore, Chicago; Ershter
Financial Corporation, Winnetka; and Bank of
Chicago-Little Village, Chicago, Illinois.
Granted, December 9, 1991.

Richmond

CCB Financial Corporation, Durham, North Carolina —
extension to March 12, 1992, to engage de novo in
credit card operations including lending
activities.
Granted, December 12, 1991.

Richmond

Commercial BancShares, Incorporated, Parkersburg,
West Virginia — extension to March 19, 1992, to
acquire The Dime Bank, Marietta, Ohio.
Granted, December 9, 1991.

H.2
DECEMBER 9, 1991
PAGE 8

TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
Chicago

GEMA Financial Corporation, Winnetka, Illinois —
extension to February 28, 1992, to acquire Tsvaiter
Financial Corporation, Winnetka; Bank of ChicagoGarfield Ridge, Chicago; Dritter Financial
Corporation, Winnetka; Bank of Chicago-Lakeshore,
Chicago; Ershter Financial Corporation, Winnetka;
and Bank of Chicago-Little Village, Chicago,
Illinois.
Granted, December 9, 1991.

San Francisco

Sumitomo Bank, Limited, Osaka, Japan — extension to
March 6, 1992, to engage de novo in acting as agent
in the private placement and selling of all types
of securities, riskless principal activities,
securities brokerage services, and underwriting and
dealing in bank eligible securities through
Sumitomo Bank Securities, Inc., New York, New York.
Granted, December 11, 1991.

Richmond

F & M Bank - Broadway, Broadway, Virginia — to
become a member of the Federal Reserve System.
Approved, December 9, 1991.

Richmond

F & M Bank - Massanutten, Harrisonburg, Virginia —
to become a member of the Federal Reserve System.
Approved, December 9, 1991.

Richmond

F & M Bank - Winchester, Winchester, Virginia — to
become a member of the Federal Reserve System.
Approved, December 9, 1991.

MEMBERSHIP




H .2
DECEMBER 9, 1991
PAGE 9

ADDITIONS AND CORRECTIONS
TO

DECEMBER 13, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES




Regulation C — revisions resulting from the 1989
amendments to the Home Mortgage Disclosure Act,
involving the use of 1990 census tract numbers to
identify property location and other technical
changes.
Proposed, September 16, 1991.

FE D E R A L R E S E R V E BANK OF BOSTON A P P L IC A T IO N S

SECTION I ~ APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date

Application
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date

Application
NONE

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution




Examination Date
NONE

Federal Reserve Bank of New York

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
______ Notice Only______
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Chemical Banking Corporation, New York, New York to
acquire 100 percent of the voting shares of CBC Interim
Federal Savings Bank 2, New York, New York (“Interim")
to facilitate the acquisition of deposits (and certain
related assets) of the following branches of Anchor Savings
Bank FSB, Hewlett, New York: 1 Dag Hammerskjold Plaza,
48th Street and 2nd Avenue, New York, New York; 24 West
Carver Street, Huntington, New York; 18 Hewitt Square,
East Northport, New York; and 225 Main Street, Northport,
New York; and to merge Interim into Chemical Bank, New York,
New York.
1 /6 /9 2 1 /3 /
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
Public Comment

None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution’s
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.




An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.

SECTION V
Availability of CRA Public Evaluations
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Week Ending December 14. 1991
NAME OF BANK

RATING

None.

1 / Subject to provisions of Community Reinvestment Act.
2 / Later of dates specified in newspaper and Federal Register notices.
3 / Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4 / Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N /A - Not Available




EXAMINATION DATE

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.

1/ Subject to provisions of Community Reinvestment Act
* N/A - not yet available.




F E D E R A L R E S E R V E B A N K OF P H I L A D E L P H I A

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
For week ending 12/13/91
The four-tiered system of assessment is as follows:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.

Institution




Examination Date
None.

Performance
Evaluation Assessment

Applications Bulletin
For Week Ending December 14, 1991
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
Received application on December 10, 1991,
from Ohio Citizens Bank, Toledo, Ohio, to
establish a branch at 4220 Holland-Sylvania
Road, Toledo, Ohio.

* December 29, 1991

Received application on December 10, 1991,
from Provident Bank of Kentucky, Alexandria,
Kentucky, to establish a branch at 331
Fairfield, Bellevue, Kentucky.

* January 4, 1992

Received application on December 2, 1991,
from The Provident Bank, Cincinnati, Ohio,
to merge with Thrift Savings and Loan
Company, Cincinnati, Ohio, pursuant to
Section 18(c) of the Federal Deposit Insurance
Act.

* January 4, 1992

SECTION II ~ APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4(c)(8) application on
December 9, 1991, from Summit Bancorp, Inc.,
Akron, Ohio, to acquire Summit Interim
Savings Bank, Tallmadge, Ohio.

* January 8, 1992

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from
the date of receipt of the application.




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period Ending Date

None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending December 13, 1991

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate -income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.

Examination
Date

United Bank and Trust Company
of Maryland
9420 Pennsylvania Avenue
Upper Marlboro, Maryland 20772




Rating

9-30-91

Satisfactory

A p p lic a tio n s

F e d e r a l R e s e rv e B ank o f A t la n t a
B u l l e t i n f o r W eek E n d in g D e c e m b e r

13.

1991

Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Trust Company Bank
Atlanta, Georgia
To establish a branch office to be
known as Medlock Bridge Office located
at 9600 Medlock Bridge Roa d ,Alpharetta,
Georgia.

Not yet available*

Trust Company Bank
Atlanta, Georgia
To establish a branch office to be known
as Steve Reynolds Boulevard Office located
at 700 Hampton Green, Duluth, Georgia.

Not yet available*

SouthTrust Bank of Pinellas County
St. Petersburg, Florida
To establish a branch office to be known
as Stratford Court Office, located at 45
Katherine Boulevard, Palm Harbor, Florida.

Not yet available*

Section 2 - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Barnett Banks, Inc.
Jacksonville, Georgia
To acquire Barnett Bank of Broward
County, N.A., Fort Lauderdale, Florida
(in organization).

12-31-91*
Federal Register

First Central Bancshares, Inc.
Lenoir City, Tennessee
1-BHC formation, First Central Bank,
Lenoir City, Tennessee.

Not yet available*

♦Subject to Provisions of Community Reinvestment Act




A p p lic a tio n s

F e d e r a l R e s e rv e Bank o f A t l a n t a
B u l l e t i n f o r W eek E n d in g D e c e m b e r

13.

1991

Section 3 - Applications Subject to Federal
Register Notice Only
Application

Comment Period Ending Date

Lanier Bankshares, Inc.
Gainesville, Georgia
To retain 51 percent of the outstanding
shares of Lanier Data Corp., Gainesville,
Georgia, and continue to engage in data
processing and transmission services,
pursuant to Section 225.25(b)(7) of
Regulation Y.

Not yet available

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Application
None.




A p p lic a tio n s

F e d e ra l R e s e rv e Bank o f A t la n t a
B u l l e t i n f o r W eek E n d in g D e c e m b e r

13.

1991

Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution.
In
connection
with
the assessment
of
an
institutions's CRA performance, a rating is assigned from the
following groups:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Outstanding

record

of

meeting

community

credit

needs:

record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Satisfactory

to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs

noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
S u b s tantial

Examination
Bank
Prime Bank
Post Office Box 460
Boynton Beach, Florida
(407) 737-7660

Rating
Satisfactory

09-09-91

Needs To Improve

09-09-91

33425

First Bank and Trust Company
Post Office Box 272170
Tampa, Florida 33688
(813) 932-1885




Date

Federal Reserve Bank of Chicago

Section II - Apnl irat-ions Subject to Both Newspaper and Federal
Register Notice
(Continued^

Application

Cement Period
Ending Date

Y-2

Firstar Corporation
Milwaukee, Wisconsin
First Geneva Bangueshares, Inc.
Geneva, Illinois
The First National Bank of Geneva
Geneva, Illinois*

FR - **
N - **

Y-2

Firstar Corporation of Illinois
Milwaukee, Wisconsin
First Geneva Banqueshares, Inc.
Geneva, Illinois
The First National Bank of Geneva
Geneva, Illinois*

FR - **
N - **

Y-l

Old State Bank Corporation
Fremont, Michigan
The Old State Bank of Fremont
Fremont, Michigan*

FR - **
N - **

Section III - Applications Subject to Federal Register
Notice Only

Application

Comment Period
Ending Hate

Y-4

Illinois Financial Services, Inc.
Chicago, Illinois
Civic Federal Savings Bank
Chicago, Illinois

FR - 11-25-91

Y-4

Metropolitan Bancorp, Inc.
Chicago, Illinois
Civic Federal Savings Bank
Chicago, Illinois

FR - 11-25-91

Y-4

Riverdale Bancorporation, Inc.
FR - **
Riverdale, Illinois
Co-Operative Federal Savings
Westmont, Illinois
Interim Heritage Glenwood Savings Bank, F.S.B.
Riverdale, Illinois




Federal Reserve Bank of Chicago

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

None

N
FR
*
**

-




Newspaper
Federal Register
Subject to Provisions of Coraraunity Reinvestment Act
Not available at this time

AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day
period the bank has to make the evaluation public has lapsed during the
week ending December 13, 1991.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resource and capabilities.
SN-An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION

EXAMINATION DATE

-Peoples Bank and Trust Company
Highway 101 North
P.O. Box 168
Sunman, Indiana
47041-0168

8/26/91




RATINGS

NI

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING DECEMBER 13, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 3(a)(1) application by New Independent
Bancshares, Inc., New Washington, Indiana to
acquire The New Washington State Bank, New
Washington, Indiana

Not yet available

Section 3(a)(3) application by Galatia Bancorp,
Inc., Galatia, Illinois to acquire The First
National Bank of Metropolis, Metropolis,
Illinois

Newspaper: 1-15-92

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
Stock redemption notification by New South
Bancorp, Como, Mississippi

Not applicable

Stock redemption notification by Middleburg
Bancorp, Inc., Middleburg, Kentucky

Not applicable

This application is subject to CRA.




FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri

AVAn.ABn.lTY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate- income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs
An institution in this group needs to improve its overall record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank

None




December 13, 1991

Bank Address

Examination
Date

Examination
Rating

F E D E R A L R E S E R V E B A N K OF M I N N E A P O L I S

Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endincf Date

Application
None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Endincf Date

Application
Johnson Holdings, Inc.
Isanti, MN
To acquire 100% of East Central Holding
Company, Isanti, MN*
Wilton Holding Company
Wilton, ND
To acquire 81% of First State Bank
of Wilton, Wilton, ND*
Garwin McNeilus, Denzil McNeilus, and
McNeilus Financial, Inc.
To acquire control of 37.75% and 24.50%,
respectively of Mower Agency, Inc. ,
Austin, MN
Citizens Bank Group, Inc.
St. James, MN
To acquire 97.2% of Citizens State
Bank of St. James
St. James, MN*

*

S u b je c t




to

CRA

Not yet available

12-28-91
(Newspaper)

10-21-91
(Federal Register)

1-3-92
(Newspaper)

F E D E R A L R E S E R V E B A N K OF M I N N E A P O L I S

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
Johnson Holdings, Inc.
Isanti, MN
To engage in general insurance agency
activities through the acquisition of
Isanti Agency, Inc., Isanti, MN

Not yet available

Norwest Corporation
Mpls, MN
To acquire 100% of U.S. Recognition,
Inc., Ringwood, NJ

Not yet available

Mid-Wisconsin Financial Services, Inc.
Medford, WI
To engage in general insurance agency
activities through the indirect
acquisition of Mid-Wisconsin Insurance
Agency of Medford, Inc.; Mid-Wisconsin
Insurance Agency of Colby, Inc.; and
Mid-Wisconsin Neillsville Ins., Inc.

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Farmers State Bank
Victor, MT
To increase its investment in
bank premises by $20M




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section V - Availability of
CRA Public Evaluations
week ending December 13, 1991
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low-and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.

BA N K (S) EXAMINED
Stockmens Bank
117 Central Avenue
P. O. Box 345
Cascade, MT 59421-0345
(406) 468-2232



DATE OF EXAMINATION
September 3, 1991

CRA RATING
Satisfactory

Federal Reserve Bank of Kansas City

SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY

APPLICATION
Centennial National Bank, Denver,
Colorado, for prior approval for
membership in the Federal Reserve
System.

COMMENT PERIOD ENDING DATE
Not Available

SECTION II - APPLICATIONS SUBJECT T O B O T H
NEWSPAPER A N D FEDERAL REGISTER N O T I C E

APPLICATION
Lee Anne Lewis, Englewood, Colorado,
and Jerrold G. Hauptman, Lakewood,
Colorado, for prior approval to
increase each of their proportionate
ownership interests in Centennial
National Bank, Denver, Colorado, by
99.52 percent to 99.84 percent.

COMMENT PERIOD ENDING DATE
Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R NO T I C E
ONLY

APPLICATION

COMMENT PERIOD ENDING DATE

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R E G I S T E R NOTICE
OR NEWSPAPER NOTICE

APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC E VALUATIONS
Identification of Ratings

In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs

An institution in this group has an outstanding record of, and
is a lender in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in an manner consistent with
its resources and capabilities.




Federal Reserve Bank of Kansas City

Satisfactory record of meeting community credit needs

An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent with
its
resources and capabilities.
Needs to improve record of meeting community credit needs

An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent with
its
resources and capabilities.
Substantial noncompliance in meeting community credit needs

An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods,
in a manner consistent with
its
resources and capabilities.
CRA
Rating

Bank/Location

Exam Date

CRA Public
Date

Sundance State Bank
P.0. Box 950
Sundance, WY 82729

9-16-91

12-10-91

Satisfactory

Riverton State Bank
P.O. Drawer BE
Riverton, WY 82501-1230

9-16-91

12-10-91

Satisfactory

Friendly Bank of Oklahoma
City
9-9-91
P.O. Box 19208
Oklahoma City, OK 73144-0208
Central Bank of Oklahoma City 9-9-91
P.O. Box 656
Oklahoma City, OK 73101-0656
Vectra Bank of Boulder
1375 Walnut St.
Boulder, CO 80302

*A p p lic a tio n




is

s u b je c t

9-18-91

to

CRA.

12-11-91

12-11-91

12-12-91

Outstanding

Outstanding

Satisfactor

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 9, 1991
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
Section 4(c)(8) application by
First Bancshares of Natchitoches, Inc.,
Natchitoches, LA, to engage de novo in the activity
of originating loans for itself or for others of the type
made by a mortgage company

NOTICE EXP

N/A

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF DECEMBER 9, 1991

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding
leader in, ascertaining and helping to meet the
entire delineated
community,
including lowneighborhoods, in
a manner
consistent
with
capabi1ities.

record of, and is a
credit needs of its
and
moderate-income
its
resources
and

Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve
its overall record of
ascertaining and
helping to meet the credit
needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabiiities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and
helping to meet the credit
needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank
Sulphur Springs State Bank
100 Jefferson
P. 0. Drawer 500
Sulphur Springs, Texas 75482




Date of
Examination
09/03/91

CRA Rating
Outstanding

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 12/13/91

Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

None

Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Burkart Group, Sacramento, California, to
acquire new common stock which will result
in owning 80 percent of Placer Bank of
Commerce, Roseville, California.

Newspaper:

12/30/91

Fed. Reg.:

12/31/91

BankAmerica Corporation ("BAC"), San Francisco,
California, to acquire Security Paciific
Corporation ("SPC"), Los Angeles, California,
and thereafter merge SPC into BAC. *

Newspaper:

1/17/92

Fed. Reg.:

Not available

Section III - Applications Subject to Federal Register Notice Only

BankAmerica Corporation, San Francisco,
California, to acquire the domestic nonbank
subsidiaries of Security Pacific Corporation,
Los Angeles, California.

Fed. Reg.:

Not available

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd...)

Week ending 12/13/91
Section V - Availability of CRA Public Evaluations *
Information about a particular institution's CRA evaluation may be obtained
directly from the institution.
Institution
The Bank of Verde

Rio Sal ado Bank

Location
Valley 888 South Main Street
Cottonwood, AZ 86326
Tel: (602) 634-9546
1400 East
South Avenue
Tempe, AZ 85282
Tel: (602) 345-8800

Examination Date

Rating**

8/26/91

Satisfactory

8/26/91

Satisfactory

♦Subject to CRA
** Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
OUTSTANDING: An institution assigned this rating has an outstanding record
of, and is a leader in, ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY: An institution assigned this rating has a satisfactory record
of ascertaining and meeting the credit needs of its delineated community.
NEEDS TO IMPROVE: An institution assigned this rating needs to improve its
overall record of ascertaining and meeting the credit needs of its delineated
community.
SUBSTANTIAL NONCOMPLIANCE: An institution assigned this rating has a
substantially deficient record of ascertaining and meeting the credit needs of
its delineated community.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102