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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1995, No. 50
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending December 16, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES




Deutsche Bank AG, Frankfurt, Germany - - t o continue
to engage in certain activities with respect to
financial and nonfinaneial commodities through
retention of Deutsche Bank Sharps Pixley, Inc., New
York, New York, and Deutsche Sharps Pixley Metals
Inc.
Approved, December 13, 1995.
First American Corporation, Nashville, Tennessee -to acquire First City Bancorp, Murfreesboro,
Tennessee, and Citizens Bank, Smithville,
Tennessee.
Approved, December 11, 1995.
Firstar Corporation, Milwaukee, Wisconsin, and
Firstar Corporation of Iowa, Des Moines, Iowa -- to
acquire Harvest Financial Corp, Dubuque, Iowa, and
Harvest Savings Bank.
Approved, December 11, 1995.
Fleet Financial Group, Inc., Providence, Rhode Island
-- request for reconsideration of Board’s approval
of the applications and notices to acquire Shawmut
National Corporation, Boston, Massachusetts, and
Hartford, Connecticut.
Denied, December 13, 1995.
U.S. Bancorp, Portland, Oregon - - t o acquire West One
Bancorp, Boise, Idaho, and its subsidiary banks;
and to engage in trust company, insurance and
residential and commercial mortgage servicing
activities.
Approved, December 11, 1995.
Wells Fargo & Company, San Francisco, California -to engage in commercial lending activities and to
make equity investments in nonbanking companies
through Wells Fargo Equity Capital.
Permitted, December 13, 1995.
1st United Bancorp, Boca Raton, Florida - - t o acquire
The American Bancorporation of the South, Merritt
Island, Florida; and for 1st United Bank, Boca
Raton, to merge with The American Bank of the
South, Merritt Island, Florida, and to establish
branches.
Approved, December 11, 1995.

H.2
DECEMBER 11, 1995
PAGE 2

TO

DECEMBER 15, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BOARD OPERATIONS
CURRENCY
Federal Reserve notes -- 1996 new currency budget.
Approved, December 13, 1995.
EXTENSIONS OF TIME
Regulation M -- extension of comment period to
February 15, 1996, on proposed amendments to the
regulation (Docket R-0892 and R-0893).
Announced, December 11, 1995.
FORMS
Federal Reserve Check Fraud Survey (FR 3080)
request for comment by February 20, 1996, on a
proposed one-time survey.
Approved, December 15, 1995.
INTERNATIONAL OPERATIONS
Bankers Trust Company, New York, New York -- to make
an investment in Bankers Trust Holdings (UK)
Limited, London, England, and Bankers Trust
International PLC., and Bankers Trust International
Investments Limited.
Permitted, December 15, 1995.
REGULATIONS AND POLICIES




Both Borrower and Lender -- availability of new
educational videotape on the home buying process.
Announced, December 19, 1995.
Capital adequacy -- press statement and communique by
the Basle Committee on Banking Supervision to amend
the Basle Capital Accord of July 1988 to take
account of market risk.
Announced, December 12, 1995.

H.2
DECEMBER 11, 1995
PAGE 3

TO

DECEMBER 15, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Regulation L -- publication for comment of revision
of the regulation implementing the Depository
Institutions Management Interlocks Act to conform
to the Riegle Community Development and Regulatory
Improvement Act of 1994,
Approved, December 14, 1995.
Regulation S -- publication for comment of proposed
amendments concerning reimbursement of costs
incurred by financial institutions.
Approved, December 13, 1995.
RESERVE BANK OPERATIONS
Budgets for 1996.
Approved, December 13, 1995.

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL kESERVE 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




Atlanta

Bank South, Atlanta, Georgia - - t o establish a branch
at 4995 Jimmy Carter Boulevard, Norcross, Georgia.
Approved, December 14, 1995.

Boston

Dauphin Deposit Bank and Trust Company, Harrisburg,
Pennsylvania - - t o establish a branch at 2190 East
High Street, Pottstown, Pennsylvania.
Approved, December 15, 1995.

Boston

Dauphin Deposit Bank and Trust Company, Harrisburg,
Pennsylvania - - t o establish a branch at 5021
Route 873, Schnecksville, Pennsylvania.
Approved, December 15, 1995.

H.2
DECEMBER 11, 1995
PAGE 4

TO

DECEMBER 15, 1995

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

BANK BRANCHES. DOMESTIC
Minneapolis

First Interstate Bank of Commerce, Billings,
Montana -- to establish an automated teller machine
at Montana State University in Bozeman, Montana.
Approved, December 12, 1995.

New York

Fleet Bank, Albany, New York -- to establish offsite
electronic facilities at two separate locations at
Crossgates Mall.
Approved, December 15, 1995.

Chicago

Harris Trust and Savings Bank, Chicago, Illinois to establish an automated teller machine at St.
Elizabeth Hospital, 1431 North Claremont Avenue.
Returned, December 13, 1995.

Chicago

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin -to establish automatic teller machines at 2523 East
Oklahoma Avenue; 7700 West Brown Deer Road, Brown
Deer; 5300 South 76th Street, Greendale; and 2900
West Oklahoma Avenue, Milwaukee, Wisconsin.
Approved, December 11, 1995.

Atlanta

United American Bank of Central Florida, Orlando,
Florida - - t o establish a branch at 1700 Vine
Street, Kissimmee, Florida.
Approved, December 15, 1995.

Richmond

Virginia Commerce Bank, Arlington, Virginia - - t o
establish a branch at 6500 Williamsburg Boulevard.
Approved, December 15, 1995.

BANK HOLDING COMPANIES




Kansas City

Ameribank Corporation, Shawnee, Oklahoma -- to
acquire United Oklahoma Bankshares, Inc., Del City,
Oklahoma.
Approved, December 13, 1995.

Richmond

Calvin B. Taylor Bankshares, Inc., Berlin, Maryland - to acquire Calvin B. Taylor Banking Company of
Berlin.
Approved, December 13, 1995.

H.2
DECEMBER 11, 1995
PAGE 5

TO

DECEMBER 15, 1995

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

BANK HOLDING COMPANIES




Cleveland

Citizens Bancshares, Inc. Salineville, Ohio -- to
,
acquire Western Reserve Bank of Ohio, Lowellville,
Ohio.
Approved, December 11, 1995.

Atlanta

Citizens Community Bancorp, Inc., Marco Island,
Florida - - t o acquire Citizens Community Bank of
Florida.
Approved, December 15, 1995.

Cleveland

Community First Bancorp, Inc., Reynoldsville,
Pennsylvania -- to acquire The First National Bank
of Reynoldsville.
Approved, December 13, 1995.

Boston

Eastern Bank Corporation, Lynn, Massachusetts -- to
alter the activities of East Bank and Trust
Company, Salem, Massachusetts, so that the Trust
Company would meet the definition of a bank for
purposes of the Bank Holding Company Act.
Approved, December 13, 1995.

Minneapolis

Empire Bancshares, Incorporated, Sioux Falls, South
Dakota -- to acquire Founders Trust National Bank.
Approved, December 11, 1995.

Chicago

F & M Bancorporation, Inc., Kaukauna, Wisconsin -- to
acquire Monycor Bancshares, Inc., Superior,
Wisconsin, and Monycor Bank of Superior.
Approved, December 12, 1995.

Kansas City

FCB Holding, Inc., Guthrie, Oklahoma -- to acquire
First Capital Bankcorp, Inc.
Approved, December 14, 1995.

Richmond

FCFT, Inc., Princeton, West Virginia - - t o acquire
First Community Bank of Mercer County, Inc.
Approved, December 13, 1995.

H.2
DECEMBER 11, 1995
PAGE 6

TO

DECEMBER 15, 1995

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

BANK HOLDING COMPANIES




Dallas

First Financial Bankshares, Inc. Abilene, Texas -,
to acquire Weatherford National Bancshares, Inc.,
Weatherford, Texas, Parker Bancshares, Inc., Dover,
Delaware, and Weatherford National Bank,
Weatherford, Texas.
Approved, December 11, 1995.

Dallas

First Financial Bankshares of Delaware, Inc.,
Wilmington, Delaware -- to merge with Weatherford
National Bankshares Inc., Weatherford, Texas.
Approved, December 11, 1995.

Dallas

Fore Corporation, Wilmington, Delaware -- request for
waiver of application to acquire Heritage Bank, Red
Oak, Texas.
Approved, December 12, 1995.

Richmond

Highlands Bankshares, Inc., Abingdon, Virginia -- to
acquire Highlands Union Bank.
Approved, December 14, 1995.

Kansas City

King Bancshares, Inc., Kingman, Kansas, and Sylvia,
Kansas -- to expand its general insurance
activities through the acquisition of Turon
Insurance Agency, Inc., Turon, Kansas.
Approved, December 12, 1995.

Minneapolis

MidAmerica Bancshares, Inc., Newport, Minnesota -request for waiver of application to acquire
Minnesota State Bancshares, Inc., St. Paul,
Minnesota.
Approved, December 15, 1995.

Minneapolis

MidAmerica Bank, Newport, Minnesota -- request for
waiver of application to acquire Minnesota State
Bancshares, Inc., St. Paul, Minnesota.
Approved, December 15, 1995.

Dallas

NBT of Delaware, Inc., Wilmington, Delaware -request for waiver of application to acquire NBC
Bank-Eagle Pass, N.A., Eagle Pass, Texas, NBC BankLaredo, N.A., Laredo, Texas, NBC Bank-Rockdale,
Rockdale, Texas.
Approved, December 12, 1995.

H.2
DECEMBER 11, 1995
PAGE 7

TO

DECEMBER 15, 1995

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

BANK HOLDING COMPANIES
Kansas City

Padgett Agency, Inc., Greenleaf, Kansas -- to acquire
Lansing Financial Corporation, Inc., Lansing,
Kansas.
Approved, December 15, 1995.

Minneapolis

Private Bancorporation, Inc., Minneapolis,
Minnesota -- to acquire Private Bank Minnesota.
Withdrawn, December 12, 1995.

Minneapolis

RMBI Acquisition Inc., Billings, Montana -- to
acquire N.E. Montana Bancshares, Inc., Plentywood,
Montana.
Approved, December 15, 1995.

Minneapolis

Rocky Mountain Bancorporation, Inc., Billings,
Montana -- to acquire N.E. Montana Bancshares,
Inc., Plentywood, Montana.
Approved, December 15, 1995.

Chicago

Security National Corporation, Sioux City, Iowa -- to
acquire Sheldon Security Financial Corporation,
Sheldon, Iowa, and Security State Bank.
Approved, December 11, 1995.

St. Louis

Templar Fund, Inc., St. Louis, Missouri -- to acquire
an additional 4.0 percent of Truman Bank.
Approved, December 15, 1995.

BANK MERGERS




Richmond

First Community Bank of Mercer County, Inc.,
Princeton, West Virginia -- to acquire the assets
and assume the liabilities of the Mercer County,
West Virginia, branches of First Community Bank,
Inc., and to establish branches.
Approved, December 13, 1995.

San Francisco

Pacific Business Bank, Carson, California -- request
for waiver of application to acquire Santa Fe
National Bank, Norwalk, California.
Approved, December 13, 1995.

H.2
DECEMBER 11, 1995
PAGE 8

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DECEMBER 15, 1995

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

CAPITAL STOCK
Dallas

Bank of Van Zandt, Canton, Texas -- redemption of
shares.
Approved, December 12, 1995.

CHANGE IN BANK CONTROL
Cleveland

American Financial Group, Inc., Cincinnati, Ohio -change in bank control.
Permitted, December 14, 1995.

Dallas

Bosque Bancshares, Inc., Cranfills Gap, Texas -change in bank control.
Returned, December 11, 1995.

Atlanta

Community Bank of South Florida, Inc., Homestead,
Florida -- change in bank control
Permitted, December 12, 1995.

Atlanta

First State Corporation, Albany, Georgia -- change in
bank control.
Permitted, December 12, 1995.

San Francisco

North County Bancorp, Escondido, California -* change
in bank control.
Permitted, December 14, 1995.

Dallas

Spearman Bancshares, Inc. Spearman, Texas -- change
in bank control.
Permitted, December 15, 1995.

New York

Tompkins County Trustco, Inc., Ithaca, New York -change in bank control.
Permitted, December 15, 1995.

Minneapolis

U.P. Financial, Inc., Ontonagon, Michigan -- change
in bank control.
Returned, December 15, 1995.

COMPETITIVE FACTORS REPORTS




Richmond

American National Bank and Trust Company, Danville,
Virginia, proposed merger with Mutual Savings Bank,
F.S.B., Danville, Virginia -- report on competitive
factors.
Submitted, December 13, 1995.

H.2
DECEMBER 11, 1995
PAGE 9

TO

DECEMBER 15, 1995

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

COMPETITIVE FACTORS REPORTS




Atlanta

Bank of Sunset and Trust Company, Sunset, Louisiana,
proposed merger with First Sunset Bank -- report on
competitive factors.
Submitted, December 13, 1995.

Secretary

Bank of Utah, Ogden, Utah, proposed merger with
Browning Bancorp -- report on competitive factors.
Submitted, December 12, 1995.

Atlanta

Bankers First Savings Bank, Augusta, Georgia,
proposed merger with SouthTrust Bank of Georgia,
N.A., Atlanta, Georgia
report on competitive
factors.
Submitted, December 13, 1995.

Cleveland

Citizens Banking Company, Salineville, Ohio, proposed
merger with Western Reserve Bank, Lowellville, Ohio
-- report on competitive factors.
Submitted, December 13, 1995.

Cleveland

Columbus National Bank, Cambridge, Ohio, proposed
purchase of certain assets and assumption of
certain liabilities of the Flushings and St.
Clairsville, Ohio, branches of Bank One,
Steubenville, N.A., Steubenville, Ohio -- report on
competitive factors.
Submitted, December 12, 1995.

Cleveland

Columbus National Bank, Cambridge, Ohio, proposed
merger with Wheeling National Bank, St.
Clairsville, Ohio -- report on competitive factors.
Submitted, December 12, 1995.

S t . Louis

Community Federal Bancorp, Inc., Tupelo, Mississippi,
proposed acquisition of the Community Federal
Savings Bank -- report on competitive factors.
Submitted, December 13, 1995.

Chicago

First Farmers State Bank of Minier, Minier, Illinois,
proposed purchase of the assets and assumption of
the liabilities of the Delavan, Illinois, branch of
Commerce Bank, N.A., Peoria, Illinois -- report on
competitive factors.
Submitted, December 13, 1995.

H.2
DECEMBER 11, 1995
PAGE 10

TO

DECEMBER 15, 1995

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

COMPETITIVE FACTORS REPORTS
Chicago

First Security Savings Bank, FSB, Bloomfield Hills,
Michigan, proposed merger with Security Savings
Bank, FSB, Jackson, Michigan-- report on competitive factor
Submitted, December 13, 1995.

Kansas City

First United Bank and Trust Company, Holdenville,
Oklahoma, proposed merger with The First National
Bank of Pauls Valley, Pauls Valley, Oklahoma -report on competitive factors.
Submitted, December 11, 1995.

Kansas City

Great Plains National Bank, Elk City, Oklahoma,
proposed merger with First National Bank, Mangum,
Oklahoma, and First State Bank and Trust, Hollis,
Oklahoma -- report on competitive factors.
Submitted, December 12, 1995.

San Francisco

Harrington West Financial Group, Inc., Overland Park,
Kansas, proposed merger with Los Padres Savings
Bank, F.S.B., Solvang, California -- report on
competitive factors.
Submitted, December 14, 1995.

Atlanta

Liberty National Bank, Bradenton, Florida, proposed
merger with Key Florida Bank, FSB -- report on
competitive factors.
Submitted, December 13, 1995.

Kansas City

Lyons State Bank, Lyons, Kansas, proposed merger with
The Home National Bank, Little River, Kansas -report on competitive factors.
Submitted, December 13, 1995.

Atlanta

Main Street Savings Bank, F.S.B., Winder, Georgia,
proposed acquisition of certain assets and
assumption of certain liabilities of offices of
Southern Heritage Savings Bank. Winterville,
Georgia, at 190 Gains School Road, Athens; 100
Moores Grove Road, Winterville; and 247 West
Clayton Street, Athens, Georgia -- report on
competitive factors.
Submitted, December 13, 1995.




H.2
DECEMBER 11, 1995
PAGE 11

TO

DECEMBER 15, 1995

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

COMPETITIVE FACTORS REPORTS
Atlanta

Merchants and Manufacturers Corporation, Ellisville,
Mississippi, proposed merger with Merchants and
Manufacturers Interim Bank -- report on competitive
factors.
Submitted, December 13, 1995.

New York

Midlantic Bank, National Association, Newark, New
Jersey, proposed purchase of certain assets and
assumption of certain liabilities of four New
Jersey branches of First Nationwide Bank, A Federal
Savings Bank, Dallas, Texas -- report on
competitive factors.
Submitted, December 12, 1995.

Minneapolis

New Bank of South Range, South Range, Michigan,
proposed merger with South Range State Bank -report on competitive factors.
Submitted, December 11, 1995.

San Francisco

Preferred Bank, Los Angeles, California, proposed
acquisition of the assets and assumption of the
liabilities of The City of Industry, branch of
Southern California Bank, Anaheim, California report on competitive factors.
Submitted, December 14, 1995.

EXTENSIONS OF TIME




St. Louis

Capital Bancorporation, Inc., Cape Girardeau,
Missouri -- extension to March 31, 1996, to
consummate change in bank control.
Granted, December 13, 1995.

San Francisco

Northeast Portland Community Development Trust,
Portland, Oregon, and Albina Community Bancorp -extension to March 31, 1996, to acquire Albina
Community Bank.
Granted, December 11, 1995.

Dallas

Southeast Bancorp of Texas, Inc., Winnie, Texas -extension to March 15, 1995, to acquire Bonnet
Financial Services, inc.
Granted, December 15, 1995.

H.2
DECEMBER 11, 1995
PAGE 12

TO

DECEMBER 15, 1995

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

INTERNATIONAL OPERATIONS
Director, BS&R

Bankers Trust Company, New York, New York -- waiver
of the remainder of the 45-day period to make
additional investments in certain subsidiaries in
the United Kingdom.
Approved, December 15, 1995.

Richmond

First Community Bank of Mercer County, Inc.,
Princeton, West Virginia
to become a member of
the Federal Reserve System.
Approved, December 13, 1995.

St. Louis

Heber Springs State Bank, Heber Springs, Arkansas -to become a member of the Federal Reserve System.
Approved, December 15, 1995.

MEMBERSHIP

RESERVE BANK OPERATIONS




Director, FRBO

Federal Reserve Bank of Atlanta -- to purchase high­
speed reader sorters.
Approved, December 11, 1995.

Director, FRBO

Federal Reserve Bank of San Francisco - - t o purchase
communications software.
Approved, December 11, 1995.

H. 2
DECEMBER 11, 1995
PAGE 13

ADDITIONS AND CORRECTIONS
TO

DECEMBER 15, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

ENFORCEMENT




Professional Bank, Denver, Colorado -- final decision
and cease and desist order against the bank.
Authorized, December 6, 1995.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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

Beacon Bancorp, Taunton,
Massachusetts - 3 ( a ) (1)
application to become a
mutual bank holding company
by acquiring Bristol County
Savings Bank, Taunton,
Massachusetts*

Newspaper

Chittenden Corporation,
Burlington, Vermont 3 ( a ) (3) application to
acquire Flagship Bank
and Trust Company,
Worcester, Massachusetts*

Newspaper

Federal Register

Federal Register

01/14/96
Not Yet Established

01/02/96
Not Yet Established

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

Rating**

NONE
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.



"N" - Needs to

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
None.
SECTION III
Nonbanking Applications
(subject, to ..Federal Register Notice Only)
Corporacion Bancaria de Espana, S.A., Madrid,
Spain, to engage through its subsidiary,
Argentaria International Securities, Inc.,
in acting as investment and financial advisor
pursuant to Section 225.25(b)(4) of Regulation Y
and providing securities brokerage services
pursuant to Section 225.25(b)(15) of Regulation Y
and acting as private placement agent and
"riskless principal" with respect to all types
of securities.

N/A

HSBC Holdings pic, London, England, and HSBC
Holdings BV, Amsterdam, the Netherlands, to
engage through their subsidiary, HSBC
Securities, Inc., in underwriting and dealing
in debt and equity securities and acting as
syndication agent in the making of loans.

N/A

SECTION IV
Applications Not Involving
______Publ c . _
i , . 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.
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
moderate- income neighborhoods, in a manner consistent with
its resources and capabilities.
Week Ending December 16. 1995
NAME OF BANK

4/




EXAMINATION DATE

Manufacturers and Traders
Trust Company
One M&T Plaza
Buffalo, New York 14240

1/
2/
3/

RATING
Outstanding

December 19, 1994

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

FEDERAL RESERVE BANK OF PHILADELPHIA

Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER
NOTICE
Drovers Bancshares Corporation# York, PA, is the subject of a Change in Bank Control
filed by Robert H. Stewart, Jr., Karylee Gilbert, Terrence S. Stewart, and Gary A.
Stewart, et al., York, PA, to retain control of up to 15% of the holding company,
pursuant to the Change in Bank Control Act.
Federal Register comment period expires:
Newspaper Notice comment period expires:

11/27/95
N/Avail

New Century Bank, Phoenixville, PA, is the subject of a Change in Bank Control filed
by Kenneth B. Mumma and Moira F. Mumma, Chester Springs, PA, to acquire control of up
to 27.5% of the proposed bank, pursuant to the Change in Bank Control Act.
Federal Register comment period expires:
Newspaper Notice comment period expires:

N/Avail
12/20/95

Fulton Financial Corporation, Lancaster, Pennsylvania to acquire Gloucester County
Bankshares, Inc., Woodbury, New Jersey, pursuant to Section 3(a)(5) of the Bank Holding
Company Act of 1956, as amended.
Federal Register comment period expires:
Newspaper Notice comment period expires:

N/Avail
01/08/96

CoreStates Financial Corp, Philadelphia, Pennsylvania to acquire Meridian Bancorp,
Inc., Reading, Pennsylvania and thereby indirectly acquire Meridian Bank, Reading,
Pennsylvania; Delaware Trust Company, Wilmington, Delaware; Meridian Bank, New Jersey,
Cherry Hill, New Jersey; and all of Meridian Bancorp, Inc.'s nonbanking subsidiaries,
pursuant to Sections 3 and 4 of the Bank Holding Company Act.
Federal Register comment period expires:
Newspaper Notice comment period expires:

N/Avail
01/11/96

SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE




NONE

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - 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 15, 1995.
Identification of Ratings
In
c o n n e c tio n
p e rfo rm a n c e , a

w ith
th e
r a tin g is

assessm ent
of
each
in s u r e d
d e p o s ito r y
a s s ig n e d fro m t h e f o l l o w i n g g r o u p s :

in s t it u t io n 's

CRA

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.
Bank/Location

Examination Date

CRA Rating

United Bank of Philadelphia
714 Market Street
Philadelphia, PA

7/31/95

Outstanding




F ed er a l R eserv e B ank
o f C lev ela n d
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387

APPLICATIONS BULLETIN
(For the week ending December 16, 1995)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE O N L Y

Received application from PremierBank & Trust, Elyria, Ohio,
on December 11, 1995, of its intent to acquire 11 select offices
of Bank One, Cleveland, National Association, Cleveland, Ohio,
and incident thereto establish branch facilities.
Received notice from The Fifth Third Bank of Columbus,
Columbus, Ohio, on December 11, 1995,of its intent to
establish a branch facility at 7345 State Route 3,
Westerville, Ohio.
SECTION

* Not Yet Known #

* January 2, 1996

n -APPLICATIONS REGISTERTO B O T H NEWSPAPER A N D FEDERAL
SUBJECT
NOTICE

Received application from Middlefork Financial Group, Inc.,
Hyden, Kentucky, on December 11, 1995, of its intent to
acquire Farmers & Traders Bank of Compton, Compton,
Kentucky.

*N: January 10, 1996

SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE O N L Y

NONE
SECTION IV - APPLICATIONS N O T SUBJECT TO FEDERAL REGISTER NOTICE
O R NEWSPAPER NOTICE

Received notice from Fifth Third Bancorp, Cincinnati, Ohio, on December 11, 1995, of its
intent to establish Fifth Third Trade Services, Ltd., an agreement corporation, through Fifth
Third Bank, Cincinnati, Ohio.

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt



AVAILABILITY OF CRA PUBLIC EVALUATIONS
(December 15, 1995)
The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended December 15,
1995. If you are interested in obtaining a copy of an evaluation document, please contact the
bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank 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: a bank 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: a bank 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 NON COMPLIANCE: a bank 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.
NONE




F e d e ra l Reserve Bank o f Richmond
Section I - Applications Subject to Newspaper
Notice Only
Comment Period Ending Date

Application
The Bank of Waverly, Waverly, Virginia,
to acquire the Courtland and Franklin,
Virginia, branch offices of First Union
National Bank of Virginia, Roanoke,
V irginia.*

1-14-96

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

^Application is subject to CRA requirements.




F e d e ra l Reserve Bank o f Richmond
Section V

Availability of CRA Public Evaluations
Week ending December 15, 1995

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

County Bank of Chesterfield
10400 Hull Street Road
Midlothian, Virginia 23112




9-25-95

Rating

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 15, 1995
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Community Bank of Mississippi
12-30-95*
Forest, Mississippi
To acquire certain assets and assume certain liabilities of the Hinds and Rankin
County Branches of Community Bank, Indianola, Mississippi, pursuant to Section
18(c) of the Federal Deposit Insurance Act.
The branches are the Crossgates
Branch, located at 110 Service Drive, Suite A, Brandon, Mississippi; the Lakeland
Branch, located at 3500 Lakeland Drive, Suite A, Flowood, Mississippi; and the
Old Canton Road Branch, located at 6258 Old Canton Road, Jackson, Mississippi.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Regions Financial Corporation
Not yet available*
Birmingham, Alabama
Along with its middle-tier bank holding company, Regions Merger Subsidiary, Inc.,
Gainesville, Georgia, and its thrift holding company Key Bancshares, Inc., Tampa,
Florida, and thrift subsidiaries, First Federal Savings Bank of New Smyrna, New
Smyrna Beach, Florida, and First Federal Savings Bank of Citrus County,
Inverness, Florida, pursuant to Section 225.25(b)(9) of Regulation Y and Section
4(c)(8) of the Bank Holding Company Act.
Regions Financial Corporation
Not yet available*
Birmingham, Alabama
Along with its middle-tier bank holding company, Regions Merger Subsidiary, Inc.,
Gainesville, Georgia, to acquire First National Bancorp, Inc., Gainesville,
Georgia, and thereby indirectly acquire its subsidiary banks, pursuant to Section
3(a)(3) of the Bank Holding Company Act.
The subsidiaries are: The First
National Bank of Gainesville, Gainesville, Georgia; First National Bank of
Habersham, Cornelia, Georgia; Granite City Bank, Elberton, Georgia; Bank of
Clayton, Clayton, Georgia; First National Bank of White County, Cleveland,
Georgia; First National Bank of Jackson County, Jefferson, Georgia; The Citizens
Bank, Toccoa, Georgia; Bank of Banks County, Homer, Georgia; First National Bank
of Gilmer County, Ellijay, Georgia; The Peoples Bank of Forsyth County, Gumming,
Georgia; Pickens County Bank, Jasper, Georgia; The First National Bank of
Paulding County, Dallas, Georgia; Citizens Bank, Ball Ground, Georgia; Bank of
Villa Rica, Villa Rica, Georgia; The Community Bank of Carrollton, Carrollton,
Georgia; The Commercial Bank, Douglasville, Georgia; Barrow Bank & Trust Company,
Winder, Georgia; and The Key Bank of Florida, Tampa, Florida.
Regions Merger Subsidiary
Not yet available*
Gainesvilie, Georgia
1-BHC formation, First National Bancorp, Gainesville, Georgia, and its subsidiary
banks.
The subsidiaries are: The First National Bank of Gainesville,
Gainesville, Georgia; First National Bank of Habersham, Cornelia, Georgia;
Granite City Bank, Elberton, Georgia; Bank of Clayton, Clayton, Georgia; First
National Bank of White County, Cleveland, Georgia; First National Bank of Jackson
County, Jefferson, Georgia; The Citizens Bank, Toccoa, Georgia; Bank of Banks
County, Homer, Georgia; First National Bank of Gilmer County, Ellijay, Georgia;
The Peoples Bank of Forsyth County, Cumming, Georgia; Pickens County Bank,
Jasper, Georgia; The First National Bank of Paulding County, Dallas, Georgia;
Citizens Bank, Ball Ground, Georgia; Bank of Villa Rica, Villa Rica, Georgia; The
Community Bank of Carrollton, Carrollton, Georgia; The Commercial Bank,
Doulasville, Georgia; Barrow Bank & Trust Company, Winder, Georgia; and The Key
Bank of Florida, Tampa, Florida.
♦Subject to the provisions of the Community Reinvestment Act.



Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 15. 1995
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Citi-Bancshares, Inc.
Leesburg, Florida
To merge with Citizens First Bancshares, Inc.,
directly acquire Citizens First Bank of Ocala,
Section 3(a)(5) of the Bank Holding Company Act.
FABP Bancshares, Inc.
Pensacola, Florida
1-BHC formation, First
Pensacola, Florida.

American

Bank

of

Not yet available*
Ocala,
Ocala,

Pensacola,

Florida,
Florida,

and thereby
pursuant to

01-10-95*
Federal Register
National Association,

Whitney Holding Corporation
01-11-95*
Pensacola, Florida
Federal Register
To merge with First Citizens BancStock, Inc., Morgan City, Louisiana, and thereby
directly acquire First National Bank in St. Mary Parish, Morgan City, Louisiana,
pursuant to Section 3(a)(5) of the Bank Holding Company Act.
First Commerce Corporation
Not yet available*
New Orleans, Louisiana
To acquire Louisiana Independent Bankshares, Inc., Baton Rouge, Louisiana,
pursuant to Section 3(a)(3) of the Bank Holding Company Act.
Durden Bankshares, Inc.
Not yet available*
Twin City, Georgia
1-BHC formation, Durden Banking Company, Inc., Twin City, Georgia.
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

First American Corporation
01-02-96
Nashvilie, Tenne ssee
To acquire 67 percent of the outstanding shares of The SSI Group, Inc., Mobile,
Alabama, and thereby engage in certain data processing activities, and certain
collection activities, pursuant to Section 225.25 (b) (7) and Section 225.25 (b) (23)
of Regulation Y.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NQLC, Inc.
Miami, Florida
Commitment waiver request.

♦Subject to the provisions of the Community Reinvestment Act.



Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 15, 1995
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 institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
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 low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory 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.
Needs 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.
Substantial 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.

Bank
Jefferson Bank
2412 North State Road 7
Lauderdale Lakes, Florida
(305)739-3400
Jefferson Bank of Florida
301 41st Street
Miami Beach, Florida 33140
(305)532-6451

Rating
Satisfactory




08-22-94

33313
Satisfactory

Barnett Bank of Southwest Georgia
Post Office Box 1497
Columbus, Georgia 31993
(706)571-7827
Sun Bank/Gulf Coast
Post Office Box 2138
Sarasota, Florida 34230
(813)951-3113

Examination
Date

Satisfactory

Satisfactory

08-22-94

09-05-94

07-05-95

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 15, 1995
Recently Approved Applications

Approval Date

Citizens Community Bancorp, Inc.
12-15-95
Marco Island, Florida
1 -BHC formation, Citizens Community Bank of Florida, Marco Island, Florida.
Community Bank of South Florida
12-12-95
Homestead, Florida
After-the-fact change in control notice by Mr. Neal Palmer Brooks to retain 11.64
percent of the outstanding shares of Community Bank of South Florida, Homestead,
Florida.
United American Bank of Central Florida
12-15-95
Orlando, Florida
To establish a branch located at 1700 Vine Street, Kissimmee, Florida, to be
known as the Kissimmee Office, pursuant to Section 9 of the Federal Reserve Act.
Bank South
12-14-95
Atlanta, Georgia
To establish a branch located at 4995 Jimmy Carter Boulevard, Norcross, Georgia,
pursuant to Section 9 of the Federal Reserve A c t .
First State Corporation
12-12-95
Albany, Georgia
After-the-fact change in control notice for Ms. Vernon Haley Warren to retain
12.67 percent of the outstanding shares of First State Corporation, Albany,
Georgia.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Type

Application

EFT

M&I Marshall & Ilsley Bank
Milwaukee, Wisconsin
2523 East Oklahoma Avenue
Milwaukee, Wisconsin

NP - 12-8-95

EFT

M&I Marshall & Ilsley Bank
Milwaukee, Wisconsin
7700 West Brown Deer Road
Brown Deer, Wisconsin

NP - 12-8-95

EFT

M&I Marshall & Ilsley Bank
Milwaukee, Wisconsin
5300 South 76 Street
Greendale, Wisconsin

NP - 12-8-95

EFT

M&I Marshall & Ilsley Bank
Milwaukee, Wisconsin
2900 West Oklahoma Avenue
Milwaukee, Wisconsin

NP - 12-8-95

EFT

M&I Central Bank & Trust
Marshfield, Wisconsin
10492 Hwy 13 South
Marshfield, Wisconsin

NP - 12-20-95

Branch

M&I First American Bank
10208 Park Plaza, Suite B
Mosinee, Wisconsin

NP - 1-7-96

Branch

Harris Trust and Savings Bank
Chicago, Illinois
7500 Central Avenue
River Forest, Illinois

EFT

Harris Trust and Savings Bank
Chicago, Illinois
St. Elizabeth Hospital
1431 North Claremont Ave.
Chicago, Illinois




N P - **

NP - 10-30-95

Federal Reserve Bank of Chicago

Section I - Applications Subject to Newspaper
Notice Only
Continued
Jm.

ger/Branches

Branch




Application

Comment Period
Ending Date

Firstar Bank Minocqua
Minocqua, Wisconsin
Firstar Bank Madison, N.A.
Madison, Wisconsin
Firstar Bank Wausau, N.A.
Wausau, Wisconsin
Firstar Bank Grantsburg, N.A.
Grantsburg, Wisconsin
Firstar Bank Eau Claire, N.A.
Eau Claire, Wisconsin
Firstar Bank Rice Lake, N.A.
Rice Lake, Wisconsin
Firstar Bank Manitowoc
Manitowoc, Wisconsin
Firstar Bank Oshkosh, N.A.
Oshkosh, Wisconsin
Firstar Bank Green Bay
Green Bay, Wisconsin
Firstar Bank Fond du Lac, N.A.
Fond du Lac, Wisconsin
Firstar Bank Sheboygan, N.A.
Sheboygan, Wisconsin
Firstar Bank Appleton
Appleton, Wisconsin
and thereby establish 54 branches

NP - **

Harris Trust and Savings Bank
Chicago, Illinois
6536 N. Sheridan Road
Chicago, Illinois

NP - 12-31-95

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Tyge

Application

Comment Period
Ending Date

Y-l

CJSB Bancorporation
Columbus Junction, Iowa
Columbus Junction State Bank
Columbus Junction, Iowa*

NP - 12-22-95
FR - 12-22-95

Y-2

WFC, Inc.
Waukon, Iowa
Viking State Bank & Trust
Decorah, Iowa (in organization)*

F R - 11-24-95
NP - 12-15-95

Y-l

West Pointe Bancshares, Inc.
Oshkosh, Wisconsin
West Pointe Bank
Oshkosh, Wisconsin (in organization)*

FR - 12-22-95
NP - 12-18-95

Y-2

ISB Financial Corp.
Iowa City, Iowa
W.S.B. Inc.
Washington, Iowa
Washington State Bank
Washington, Iowa*

FR - 12-11-95
NP - 12-8-95

Y-l

Storm Lake Security Bancorporation
Storm Lake, Iowa
Security Trust & Savings Bank
Storm Lake, Iowa*

FR - 1-9-96

Y-l

Crestmark Bancorp, Inc.
Bloomfield Hills, Michigan
Crestmark Bank (in organization)
Troy, Michigan*

FR - 1-10-96
NP - **

Y-l

Tower Bancorp Holding Company
Oak Brook, Illinois
Westbank
Westchester, Illinois*




N P - **

p R _ **

jsjp _ **

Federal Reserve Bank of Chicago

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

Application

Y-2

Loof Investment Co.
Grand Junction, Iowa
Security National Bank
Jefferson, Iowa*

Comment Period
Ending Date
PR _ **
jsjp _ **

2

Harbor Springs Financial Corporation
Harbor Springs, Michigan
Select Bank
Grand Rapids, Michigan*

PR _ **
NP - **

l

Oelwein Bancorporation
Minneapolis, Minnesota
Lakeside Credit Co., Inc.
Minneapolis, Minnesota
First Trust and Savings Bank
Cedar Rapids, Iowa*

FR - 12-4-95
NP - 12-21-95

1

FNB Financial Corporation
Three Rivers, Michigan
First National Bank of Three Rivers
Three Rivers, Michigan*

FR - 12-22-95
NP - 12-15-95

1

Reliance Bancshares, Inc.
Milwaukee, Wisconsin
Reliance Savings Bank
Milwaukee, Wisconsin*

FR - 12-21-95
NP - 12-18-95

Y-2

Chemical Financial Corporation
Midland, Michigan
State Savings Bancorp, Inc.
Caro, Michigan
State Savings Bank of Caro
Caro, Michigan*

FR - 1-2-96
NP - 1-6-96

Y-2

First Decatur Bancshares, Inc.
Decatur, Illinois
First Shelby Financial Group, Inc.
Shelbyville, Illinois
First Trust Bank of Shelbyville
Shelbyville, Illinois*

FR - 1-2-96
NP - **




Federal Reserve Bank of Chicago

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

Type

Application

Y-l

Associated Banc-Shares, Inc.
Madison, Wisconsin
SBL Capital Bank Shares, Inc.
Lodi, Wisconsin
State Bank of Lodi
Lodi, Wisconsin*

FR - 1-8-96
Np _ **

Y-2

Associated Banc-Corp
Green Bay, Wisconsin
SBL Capital Bank Shares, Inc.
Lodi, Wisconsin
State Bank of Lodi
Lodi, Wisconsin*

FR - 1-8-96
jsjp - **

COC-HC

Spencer Bancorporation, Inc.
Spencer, Wisconsin
Spencer Bancorporation, Inc., Employee Stock
Ownership Plan and Trust
Spencer, Wisconsin

FR - 12-29-95
jvjp . **




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date

Type

Application

4(c)(8)

Caisse Nationale de Credit Agricole S.A.
Paris, France
to provide investment and financial advisory services;
engage in brokerage of various swap and swap derivative
transaction and provide certain other financial services to
Institutional customers through CAL FP (US), Inc.,
New York, New York, a de novo subsidiary of Credit
Agricole Lazard Financial Products Bank

FR - 12-29-95

4(c)(8)

Old Kent Financial Corporation
Grand Rapids, Michigan
Republic Mortgage Corp.
Salt Lake City, Utah
to engage in residential and commercial mortgage
banking business

FR - 12-11-95

4(c)(8)

Reliance Bancshares, Inc.
Milwaukee, Wisconsin
to engage in making and servicing loans

FR - 12-21-95

4(c)(8)

Premier Financial Services, Inc.
Freeport, Illinois
Premier Insurance Services, Inc.
Warren, Illinois
to engage in general insurance agency activities

FR - 12-12-95

4(c)(8)

Shorebank Corporation
Chicago, Illinois
to consolidate the Austin Labor Force Intermediary
Chicago, Illinois, into The Neighborhood Institute and
thereby engage in making equity & debt investments in
corporations or projects designed primarily to promote
community welfare

FR - 12-27-95
NP - 12-21-95




Federal Reserve Bank of Chicago

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

Application

ROS

Northern Trust Corporation
Chicago, Illinois
to redeem its 6.25% cumulative convertible
preferred stock, Series E

ROS

Nichols Bancorp, Incorporated
Nichols, Wisconsin
to redeem 119' shares of cumulative
preferred stock

ROS

Pioneer Development Company
Sergeant Bluff, Iowa
to redeem 70 shares of its common stock

N - Newspaper
FR - Federal Register
* Subject to Provisions of Community Reinvestment Act
** _ Not available at this time




Federal Reserve Bank of Chicago
Section V - Availability of CRA Public Evaluations

The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance
with the CRA. The 30-day business day period the bank has to make the evaluation public has lapsed during
the week ending December 15, 1995. If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratines
0-

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 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.
SN - 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 NAME/LQCATION

EXAMINATION DATE

RATINGS

First Bank South
102 Galena Avenue
Dixon, Illinois 61021
(815) 284-3333

9/05/95

S

The Fairmount State Bank
101 North Main Street
Fairmount, Indiana 46928-1655
(317) 948-4330

9/05/95

S

Bank of Lakeview
506 Lincoln
Lakeview, Michigan 48850-9719
(517) 352-7271

8/28/95

S




Federal Reserve Bank of Chicago
Section VI - CRA Examinations Scheduled
The following state member banks are tentatively scheduled for a CRA examination during the first quarter of
1996. Examinations may have to be rescheduled during the calendar quarter in which they are designated to
begin. If an institution’s examination is rescheduled for a date later than the end of the date range reflected
in a published schedule, the institution’s name will be republished in an appropriate later listing. Any
comments received as a result of either the first publication or subsequent publications will be considered during
the examination.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.

M&I Marshall & Ilsley Bank
McHenry State Bank
The State Bank of Coloma
Blissfield State Bank
First State Bank of Maple Park
The State Bank of Geneva
Community State Bank
Westby-Coon Valley State Bank
The Auburn State Bank
Lapeer County Bank & Trust Co.
The Friendship State Bank
Security Savings Bank
Linden State Bank
1st Source Bank
New Asia Bank
First State Bank
St. Ansgar State Bank
Bank of Lenawee
Hendricks County Bank & Trust Company
Bank of Brodhead
Central State Bank
Iowa State Bank and Trust Company
Chemical Bank Bay Area
Farmers State Bank of Western Illinois
Security Bank
Tri-County Bank
Security Trust & Savings Bank
Security State Bank
The Farmers Bank of Mt. Pulaski
Onsted State Bank
Templeton Savings Bank
Villa Park Trust & Savings Bank
M&I Bank of Burlington
Bank One, Bloomington-Normal
Huron Community Bank
State Bank of Caledonia
Farmers State Bank of Breckenridge
Citizens Commercial & Savings Bank




Milwaukee, Wisconsin
McHenry, Illinois
Coloma, Michigan
Blissfield, Michigan
Maple Park, Illinois
Geneva, Illinois
Avilla, Indiana
Westby, Wisconsin
Auburn, Indiana
Lapeer, Michigan
Friendship, Indiana
Farnhamville, Iowa
Linden, Indiana
South Bend, Indiana
Chicago, Illinois
Manchester, Iowa
St. Ansgar, Iowa
Adrian, Michigan
Brownsburg, Indiana
Brodhead, Wisconsin
Elkader, Iowa
Fairfield, Iowa
Bay City, Michigan
New Windsor, Illinois
Marshalltown, Iowa
Brown City, Michigan
Storm Lake, Iowa
Hartley, Iowa
Mount Pulaski, Illinois
Onsted, Michigan
Templeton, Iowa
Villa Park, Illinois
Burlington, Wisconsin
Bloomington, Illinois
East Tawas, Michigan
Caledonia, Michigan
Breckenridge, Michigan
Flint, Michigan

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING DECEMBER 15, 1995

Application

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period

None.

A p p Iication

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period

Change in control notification involving B.B.
Bancshares, Inc., Shell Knob, Missouri, by Julie
Yarbrough (conservator of estate of Herbert Weaver).

Federal Register: 1-2-96

Change in control notification involving Paducah
Bank Shares, Inc., Paducah, Kentucky, by Joseph
H. Framptom (previously reported during week
ending 12-8-95).

Federal Register: 1-3-96

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
A p p Iication
End of Comment Period

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
A p p Iication
End of Comment Period

None.

*This application is subject to CRA.




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

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification of Ratings:
Outstanding record of meeting community credit needs
A n 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
A n institution in this group has a satisfactory record of 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.

Needs to improve record of meeting community credit needs
A n institution in this group needs to improve its overall record of 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
A n 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.

FOR THE WEEK ENDING

Name of Bank

None




December 15, 1995

Bank Address

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
NONE.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Dennis Christenson, Richard Wartman, Eugene
Halker, to acquire control of 92.82% of the voting
shares of U.P. Financial, Inc., Ontonagon, Michigan.

December 15, 1995
(Returned)

Beulah Bancorporation, Inc., Sioux Falls, South
Dakota, for prior approval to become a bank holding
company through the acquisition of 94.04% of the
voting shares of Fairview Bank, Fairview, Montana.

January 12, 1996
(Federal Register)

Inter-Mountain Bancorp, Inc., Bozeman, Montana,
for prior approval to acquire 100% of the voting
shares of the First Security Bank of Belgrade,
Montana.

Not yet available

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
NONE.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Firstar Bank Minocqua, Minocqua,
Wisconsin, to become a member of the
Federal Reserve System.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending December 15, 1995
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 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.

BANK (S) EXAMINED

DATE OF EXAMINATION

CRA RATING

First Valley Bank
P.0. Box 720
Seeley Lake, Montana
59868
(406)677-2464

September 11, 1995

Outstanding




Federal Reserve Bank of Kansas City

SECTION I -APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

APPLICATION
First State Bank of Taos, Taos, New Mexico, for
approval to establish a branch facility to be located at
the corner of Avenida Vista Grande and Caliente
Road, Santa Fe, New Mexico.
Premier Bank, Lenexa, Kansas, for prior approval to
invest an additional $60,000 in bank premises.
Mercantile Bank of Jackson County, Kansas City,
Missouri, a de novo bank, for membership in the
Federal Reserve System, to merge with Mercantile
Bank of Kansas City, Kansas City, Missouri, and to
establish branch facilities in Kansas City, Missouri;
and Overland Park; Kansas City; Fairway; Prairie
Village; and Olathe, Kansas.
Mercantile Bank of Kansas, Overland Park, Kansas,
for prior membership in the Federal Reserve System,
to merge with Mercantile Bank of Jackson County,
Kansas City, Missouri, and to establish branch
facilities in Kansas City; Independence; Blue Springs;
Raytown; and Lee’s Summit, Missouri.

COMMENT PERIOD ENDING PATH
Not Available

Not Available
Not Available

SECTION I -APPLICATIONS SUBJECT TO B O T H
I
NEWSPAPER AND FEDERAL REGISTER NOTICE

APPLICATION
FirstBank Holding Company of Colorado, Lakewood,
Colorado, for prior approval to acquire 100 percent of
the voting shares of The Bank of Douglas County,
Castle Rock, Colorado.*
First National Bancshares, Inc., Edmond, Oklahoma,
for prior approval to become a bank holding company
through the acquisition of 100 percent of the voting
shares of First national Bank of Edmond, Edmond,
Oklahoma (in organization).*




COMMENT PERIOD ENDING DATE
January 11, 1996

Not Available

Federal Reserve Bank of Kansas City

Ameribanc, Inc., St. Louis, Missouri, for prior
approval to become a bank holding company through
the acquisition of 100 percent of the voting shares of
MidAmerican Corporation, Roeland Park, Kansas.*
Mercantile Bancorporation, Inc., St. Louis, Missouri,
for prior approval to acquire 100 percent of the voting
shares of Mercantile Bank of Jackson County, Kansas
City, Missouri (in organization).*
Bancshares of Nichols Hills, Inc., Ponca City,
Oklahoma, for prior approval to acquire 80 percent of
the voting shares of Bank of Nichols Hills, Oklahoma
City, Oklahoma (in organization).*
Pioneer Bancshares, Inc., and Pioneer Bancshares,
Inc., ESOP, both of Ponca City, Oklahoma, for prior
approval to acquire 80 percent of the voting shares of
Bancshares of Nichols Hills, Inc., Ponca City,
Oklahoma.*
Lindsey Bancshares, Inc., Harrisonville, Missouri, for
prior approval to become a bank holding company
through the acquisition 100 percent of the voting
shares of Harrisonville Bancshares, Inc.,
Harrisonville, Missouri.*
Platte County Bancshares, Inc., Platte City, Missouri,
for prior approval to acquire 12.5 percent of the
voting shares of Lindsey Bancshares, Inc.,
Harrisonville, Missouri. *
Peoples Bancshares, inc., Clay Center, Kansas, for
prior approval to acquire 45.8 percent of the voting
shares of Lindsey Bancshares, Inc., Harrisonville,
Missouri.*




Not Available

Not Available

Not Available

Not Available

Not Available

Not Available

Not Available

Federal Reserve Bank of Kansas City

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION.

COMMENT PERIOD ENDING DATE

Swanton Agency, Inc., Swanton, Nebraska, for prior
approval to acquire Plymouth Investment Company,
Plymouth, Nebraska, and thereby engage in the sale of
general insurance in a town of less than 3,000.
Ameribanc, Inc., St. Louis, Missouri, for prior
approval to acquire MidAmerican Insurance Agency,
Inc., Roeland Park, Kansas, and thereby engage in the
sale of general insurance activities.

January 2, 1996

Not Available

SECTION IV -APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
O R NEWSPAPER NOTICE

APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
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 c e i needs
rdt

An institution in this group has an outstanding 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 record of meeting community c e i needs
rdt

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.




Federal Reserve Bank of Kansas City

Needs to improve record of meeting community c e i needs
rdt

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 i meeting community c e i needs
n
rdt

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.
Bank/Location

Exam Date

CRA Public
Date

Boatmen’s Bank of Southwest Missouri
P.O. Box 637
Carthage, Missouri 64836-0637

09-05-95

12-12-95

*Application is subject to CRA.




CRA
Rating
Outstanding

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 11, 1995

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Change in Control Notice by
Rodney G. Joy, Cranfills Gap, TX, and Bosque
Bancshares, Inc. Employee Stock Ownership Plan,
Rodney G. Joy, Trustee, Cranfills Gap, TX,
to acquire an interest in Bosque Bancshares, Inc.,
Cranfills Gap, TX
(Previously reported during the week of 12-4-95)
Change in Control Notice by
Jose M. Ramirez, Jr., San Ygnacio, TX, to acquire an interest
in Zapata Bancshares, Inc., Mercedes, TX
(Previously reported during the week of 11-20-95)

** NOTICE EXP

95/12/22

96/01/02

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
NOTICE ONLY
APPLICATION

NOTICE EXP

Section 4(c)(8) notification by
Central Bancorporation, Inc., Fort Worth, Texas
to engage in the activity of operating a savings
association through a subsidiary known as First
American Savings Bank, S.S.B., Bedford, TX

N/A

Section 4(c)(8) notification by
Central Bancorporation of Delaware, Inc.,
Wilmington, DE, to engage in the activity of
operating a savings association through a subsidiary
known as First American Savings Bank, S.S.B., Bedford, TX

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 11. 1995

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 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 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.

Bank

Date of
Examination

CRA Rating

Silsbee State Bank
100 E. Ave. G
P. 0. Box 487
Silsbee, TX 77656-0487

95/08/28

Satisfactory

Texas Coastal Bank
6731 Spencer Hwy.
P. 0. Box 5626
Pasadena, TX 77508-5626

95/09/11

Satisfactory




FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 12/15/95
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Home Bank, Signal Hill, California, to acquire
certain assets and assume certain liabilities of
the Signal Hill, California, branch of Southern
California Bank, Downey, California. *

Newspaper:

1/11/96

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
None

Section III -Applications Subject to Federal Register Only
Wells Fargo & Company, San Francisco, California,
to engage in venture capital and lending activities
through the acquisition of First Interstate Resource
Finance Associates, Newport Beach, California.

Fed. Reg.:

12/22/95

Wells Fargo & Company, San Francisco, California,
to acquire First Interstate Bancorp’s interest in
Liberty Brokerage, Inc., New York, New York (a
joint venture).

Fed. Reg.:

12/22/95

Wells Fargo & Company, San Francisco, California,
to invest in Star System, Inc.

Fed. Reg.:

12/22/95

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice (Cont’d.)
None

* Subject to CRA.



FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 12/15/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending December 15, 1995. Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None

*Under the rating system an institution’s CRA performance is assigned one of the
following
four ratings:

Outstanding record

of meeting community credit needs:
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 low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs:

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

Substantial 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- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San
Francisco, and is not intended to replace formal notices required by statute or
regulation; the Reserve Bank assumes no responsibility for errors or omissions.




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