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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1993, No. 51 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending December 18, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Creditanstalt-Bankverein, Vienna, Austria -- to engage de novo indirectly through a joint venture limited partnership, Steinberg Asset Management Company, L.P., New York, New York, in investment advisory activities. Approved, December 16, 1993. Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -- to engage de novo in the purchase and sale for its own account of certain options and options on futures contracts through DKB Securities Corporation, New York, New York. Permitted, December 13, 1993. Norwest Corporation, Minneapolis, Minnesota - - t o acquire First United Bank Group, Inc., Albuquerque, New Mexico, United New Mexico Financial Corporation, Ford Bank Group, Inc., Lubbock, Texas, and Ford Bank Holdings, Inc., and the subsidiary banks of UNMFC and FBG. Approved, December 13, 1993. Societe Generale, Paris, France - - t o engage de novo in certain securities related activities through FIMAT Futures USA, Inc., Chicago, Illinois. Permitted, December 16, 1993. BANK MERGERS First Interstate Bank of California, Los Angeles, California - - t o merge with First State Bank of the Oaks, Thousand Oaks, California, and establish branches. Approved, December 13, 1993. BANKS. FOREIG, Banco de Chile, Santiago, Chile -- to establish a state-licensed branch in Miami, Florida. Approved, December 16, 1993. Dah Sing Bank, Ltd., Hong Kong -- to establish a federally-licensed branch in Alhambra, California. Approved, December 16, 1993. H.2 DECEMBER 13, 1993 PAGE 2 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS CURRENCY Federal Reserve notes -- increase in the 1993 new currency budget for printing and related costs; and approval of the 1994 new currency budget. Approved, December 15, 1993. REGULATIONS AND POLICIES Regulation A -- adoption of final rule to implement section 142 of the Federal Deposit Insurance Corporation Improvement Act of 1991, concerning advances to undercapitalized institutions (Docket R-0808). Approved, December 15, 1993. RESERVE BANK OPERATIONS Budgets for 1994. Approved, December 15, 1993. 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 Chicago American Trust & Savings Bank, Dubuque, Iowa -- to establish an offsite electronic facility at WalMart, 4200 Dodge Street. Approved, December 15, 1993. Cleveland Fifth Third Bank, Cincinnati, Ohio - - t o establish a branch at 6480 Wilmington Pike, Sugarcreek Township, Ohio. Approved, December 17, 1993. Atlanta First Bank, Tampa, Florida -- to establish a branch at 405 North Westshore Boulevard. Approved, December 15, 1993. H. 2 DECEMBER 13, 1993 PAGE 3 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC St. Louis Lindell Bank and Trust Company, St. Louis, Missouri - to establish a branch at 3921 Hampton Avenue. Approved, December 13, 1993. Philadelphia Meridian Bank, Reading, Pennsylvania - - t o establish a remote drive-up facility at 1685 Four Mile Drive, Williamsport, Pennsylvania. Approved, December 13, 1993. Philadelphia Meridian Bank, Reading, Pennsylvania -- to establish two remote service facilities at The Pennsylvania College of Technology, Alvin C. Bush Campus Center, Park Street, Williamsport, and The Bald Eagle Factory Outlet, One Outlet Lane, McElhatten, Pennsylvania, Approved, December 13, 1993. Chicago New Asia Bank, Chicago, Illinois -- to establish a branch at 8301 Cass Avenue, Darien, Illinois. Returned, December 14, 1993. Richmond Triangle Bank and Trust Company, Raleigh, North Carolina -- to establish a branch at 2800 Industrial Drive, Sanford, North Carolina. Approved, December 14, 1993. BANK HOLDING COMPANIES Dallas BancTexas Group Inc., Dallas, Texas -- to acquire Sundowner Corporation, Reno, Nevada, and BankTexas National Association, Houston, Texas. Approved, December 14, 1993. New York Bank of New York Company, Inc., New York, New York to engage de novo in community development activities through the New York Equity Fund 1993 Limited Partnership. Approved, December 15, 1993. St. Louis Carlisle Bancshares, Inc., Little Rock, Arkansas -to acquire Hazen First State Bank, Hazen, Arkansas. Approved, December 17, 1993. H.2 DECEMBER 13, 1993 PAGE 9 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Century South Banks, Inc., Dahlonega, Georgia -- to acquire The Martin Bank, Martin, Tennessee. Approved, December 15, 1993. New York Chemical Banking Corporation, New York, New York -to engage in commercial finance and equipment leasing activities through Equipment Credit Services, Inc., San Francisco, California. Approved, December 14, 1993. St. Louis Citizens Union Bancorp of Shelbyville, Inc., Shelbyville, Kentucky -- to acquire First Farmers Bank and Trust Company, Owenton, Kentucky. Approved, December 15, 1993. Atlanta Claiborne Holding Company, Inc., Tazewell, Tennessee to acquire certain assets and assume certain liabilities of the New Tazewell, Tennessee, branch of Jefferson Savings and Loan Association of Morristown, Morristown, Tennessee. Approved, December 13, 1993. San Francisco Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -- to acquire the CIT Group Holdings, Inc., New York, New York, Equipment Credit Services, Inc., San Francisco, California, and the assets of the latter*s parent, LB Credit Corporation. Approved, December 14, 1993. Philadelphia Dauphin Deposit Corporation, Harrisburg, Pennsylvania -- to establish a de novo loan production office subsidiary, Farmers Maryland, Inc., Owings Mills, Maryland. Approved, December 15, 1993. GC Fairview Bancshares, Inc., Fairview, Oklahoma -determination that sale of certain real property would constitute divestiture. Granted, December 14, 1993. Secretary First Commercial Corporation, Little Rock, Arkansas - to acquire Clinton Bancshares, Inc., Clinton, Arkansas, and Clinton State Bank. Approved, December 13, 1993. H.2 DECEMBER 13, 1993 PAGE 5 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First Midwest Bancorp, Inc., Naperville, Illinois -to engage de novo in residential mortgage lending activities through First Midwest Mortgage, Inc., Joliet, Illinois. Permitted, December 17, 1993. Chicago Firstar Corporation, Milwaukee, Wisconsin -- to engage de novo in data processing activities through Firstar Home Mortgage Corporation. Returned, December 15, 1993. Chicago Firstbank Corporation, Alma, Michigan -- request for determination concerning divestiture of certain property. Returned, December 15, 1993. San Francisco Heritage Financial Corporation, M.H.C., Olympia, Washington - - t o acquire Heritage Bank, A Mutual Savings Bank. Approved, December 14, 1993. Philadelphia Peoples Savings Financial Corporation, Ridgway, Pennsylvania - - t o acquire Peoples Savings Bank. Approved, December 15, 1993. Minneapolis Randall Holding Co, Inc., Randall, Minnesota - - t o acquire Randall State Bank. Returned, December 16, 1993. San Francisco Southern Utah Bancorporation, Cedar City, Utah - -to acquire State Bank of Southern Utah. Approved, December 16, 1993. Dallas Sundowner Corporation, Reno, Nevada -- to acquire BankTexas National Association, Houston, Texas. Approved, December 14, 1993. H.2 DECEMBER 13, 1993 PAGE 6 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary SunTrust Banks, Inc., Atlanta, Georgia -- to engage in investment and financial advisory activities, arranging commercial real estate equity financing, and full-service brokerage services through SunTrust Securities, Inc. Approved, December 15, 1993. St. Louis Union Planters Corporation, Memphis, Tennessee -- to acquire Clin-Ark Bankshares, Inc., Clinton, Arkansas, and First National Bank. Approved, December 15, 1993. BANK MERGERS St. Louis Arkansas Bank & Trust Company, Hot Springs, Arkansas - - t o assume the deposit liabilities of the Hot Springs Village, Arkansas, branch of Benton State Bank, Benton, Arkansas. Approved, December 14, 1993. Kansas City Central Bank of Oklahoma City, Oklahoma City, Oklahoma - - t o merge with Friendly Bank of Oklahoma City, and to establish branches. Approved, December 17, 1993. BANK PREMISES St. Louis Arkansas Bank and Trust Company, Hot Springs, Arkansas -- investment in bank premises. Approved, December 13, 1993. Atlanta Bank of Alabama, Fultondale, Alabama -- investment in bank premises. Approved, December 15, 1993. Chicago Bank of Elmwood, Racine, Wisconsin -- investment in bank premises. Approved, December 13, 1993. Kansas City Boatmen's Bank of Southwest Missouri, Carthage, Missouri -- investment in bank premises. Approved, December 13, 1993. H. 2 DECEMBER 13, 1993 PAGE 7 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Philadelphia Meridian Bank, Reading, Pennsylvania -- investment in bank premises. Approved, December 13, 1993. Philadelphia Meridian Bank, Reading, Pennsylvania -- investment in bank premises. Approved, December 13, 1993. Chicago New Asia Bank, Chicago, Illinois -- investment in bank premises. Returned, December 14, 1993. Secretary Trust Company Bank, Atlanta, Georgia -- investment in bank premises. Approved, December 16, 1993. St. Louis United Missouri Bank Northeast, Monroe City, Missouri -- investment in bank premises. Approved, December 15, 1993. Chicago 1st Source Bank, South Bend, Indiana -- investment in bank premises. Approved, December 14, 1993. BANKS. STATE MEMBER Kansas City Citizens Bank & Trust Co., Torrington, Wyoming payment of a dividend. Approved, December 13, 1993. Kansas City Farmers State Bank & Trust, Aurora, Nebraska payment of a dividend. Approved, December 13, 1993. Minneapolis Marquette Bank Cannon Falls, Cannon Falls, Minnesota -- payment of a dividend. Approved, December 13, 1993. Minneapolis Marquette Bank New Prague, New Prague, Minnesota -payment of a dividend. Approved, December 13, 1993. H.2 DECEMBER 13, 1993 PAGE 8 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Kansas City Schuyler State Bank and Trust Company, Schuyler, Nebraska -- redemption of shares. Approved, December 13, 1993. CHANGE IN BANK CONTROL Kansas City Attica Financial Corporation, Attica, Kansas -change in bank control. Permitted, December 15, 1993. St. Louis Community First Financial Group, Inc., English, Indiana -- change in bank control. Permitted, December 14, 1993. Kansas City Cook Investment, Inc., Cook, Nebraska -- change in bank control notice. Withdrawn, December 16, 1993. Kansas City N.B.C. Bancshares in Pawhuska, Inc., Pawhuska, Oklahoma -- change in bank control. Permitted, December 13, 1993. Dallas Texas Community Bancshares, Inc., Dallas, Texas -change in bank control. Permitted, December 17, 1993. COMPETITIVE FACTORS REPORTS Chicago Albert City Savings Bank, Albert, Iowa, proposed acquisition of the assets and assumption of the liabilities of Citizens State Bank, Webb, Iowa report on competitive factors. Submitted, December 17, 1993. Atlanta Ashburn Bank, Ashburn, Georgia, proposed purchase of certain assets and assumption of certain liabilities of the Ashburn branch of First South Bank, N.A., Fort Valley, Georgia -- report on competitive factors. Submitted, December 13, 1993. Chicago Associated Bank North, Wittenberg, Wisconsin, proposed merger with Associated Bank Wausau, Wausau, Wisconsin -- report on competitive factors. Submitted, December 17, 1993. H.2 DECEMBER 13, 1993 PAGE 9 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Bank of New Glarus, New Glarus, Wisconsin, proposed merger with Interim Bank of New Glarus -- report on competitive factors. Submitted, December 17, 1993. Dallas Bank of The West, N.A., Odessa, Texas, proposed merger with New Bank of The West -- report on competitive factors. Submitted, December 15, 1993. Secretary Community First Bank, Clearfield, Utah, proposed merger with First Security Bank of Utah, N.A., Ogden, Utah -- report on competitive factors. Submitted, December 15, 1993. St. Louis Exchange Bank & Trust Company, El Dorado, Arkansas, proposed merger with Citizens Bank, Strong, Arkansas, and to establish a branch " report on competitive factors. Submitted, December 14, 1993. Chicago Farmers National Bank of Prophetstown, Prophetstown, Illinois, proposed merger with FNB Interim National Bank -- report on competitive factors. Submitted, December 17, 1993. Chicago First Federal Savings Bank of Siouxland, Sioux City, Iowa, proposed acquisition of the Sheldon branch of Northwest Federal Savings Bank, Spencer, Iowa report on competitive factors. Submitted, December 17, 1993. Chicago First Federal Savings Bank of the Midwest, Storm Lake, Iowa , proposed merger with Brookings Federal Bank, FSB, Brookings, South Dakota -- report on competitive factors. Submitted, December 17, 1993. Minneapolis First Financial Bank, f.s.b., Stevens Point, Wisconsin, proposed merger with the Northland Bank of Wisconsin, Ashland, Wisconsin -- report on competitive factors. Submitted, December 17, 1993. H.2 DECEMBER 13, 1993 PAGE 10 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis First National Bank, Vandalia, Illinois, proposed merger with First State Bank of Patoka, Patoka, Illinois, and Ramsey State Bank, Ramsey, Illinois - report on competitive factors. Submitted, December 16, 1993. St. Louis First National Bank in Newton, Newton, Illinois, proposed merger with First Interim National Bank in Newton -- report on competitive factors. Submitted, December 16, 1993. Atlanta First National Bank of Polk County, Copperhill, Tennessee, proposed purchase of certain assets and assumption of certain liabilities of the two Blue Ridge, Georgia, branches of Nationsbank of Georgia, N.A., Atlanta, Georgia -- report on competitive factors. Submitted, December 13, 1993. Atlanta First State Bank, Jacksboro, Tennessee, proposed purchase of certain assets and assumption of certain liabilities of the Jellico, Tennessee, and LaFollette, Tennessee, branches of Third National Bank of East Tennessee, Knoxville, Tennessee report on competitive factors. Submitted, December 13, 1993. Richmond First-Citizens Bank & Trust Company, Raleigh, North Carolina, proposed merger with The Bank of Blandenboro, Blandenboro, North Carolina -- report on competitive factors. Submitted, December 16, 1993. Chicago Northwest Federal Savings Bank, Spencer, Iowa, proposed acquisition of the Storm Lake branch of First Federal Savings Bank of Siouxland, Sioux City, Iowa -- report on competitive factors. Submitted, December 17, 1993. H.2 DECEMBER 13, 1993 PAGE 11 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St . Louis Trans Financial Bank, National Association, Bowling Green, Kentucky, proposed merger with State National Bank, Maysville; Peoples First Bank, Morehead; and the Farmers Liberty Bank, Augusta, Kentucky -- report on competitive factors. Submitted, December 14, 1993. EXTENSIONS OF TIME Chicago ABN AMRO Bank N.V., Amsterdam, The Netherlands, ABN AMRO Holding N.V.; ABN AMRO North America, Inc., Chicago, Illinois; Stichting Administratiekantoor ABN AMRO Holding, Amsterdam, The Netherlands, Stichting Prioriteit ABN AMRO Holding; and LaSalle National Corporation, Chicago, Illinois -extension to March 15, 1994, to acquire certain assets and certain liabilities of LaSalle Talman Bank, F.S.B., Chicago, Illinois. Granted, December 15, 1993. Chicago ABN AMRO Bank N.V., Amsterdam, The Netherlands, ABN AMRO Holding N.V.; ABN AMRO North America, Inc., Chicago, Illinois; Stichting Administratiekantoor ABN AMRO Holding, Amsterdam, The Netherlands, Stichting Prioriteit ABN AMRO Holding, and The Netherlands and LaSalle National Corporation, Chicago, Illinois -- extension to March 17, 1994, to acquire certain assets and assume certain liabilities of the Buffalo Grove, Libertyville, Mundelein, Skokie, Northbrook and Palatine branches of LaSalle Talman Bank, F.S.B., Chicago, Illinois. Granted, December 17, 1993. Minneapolis Bank of Montana, Great Falls, Montana -- extension to March 18, 1994, to merge with Montana Bank, Billings, Montana. Granted, December 13, 1993. Atlanta Barnett Banks, Inc., Jacksonville, Florida -extension to March 23, 1994, to act as agent in private placement of securities through Barnett Securities, Inc. Granted, December 13, 1993. H.2 DECEMBER 13, 1993 PAGE 12 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME St. Louis CNB Bancshares, Inc., Evansville, Indiana -extension to February 10, 1999, to consummate a notification to engage de novo in insurance activities through Citizens Life Assurance Company Phoenix, Arizona. Granted, December 15, 1993. San Francisco First Interstate Bancorp, Los Angeles, California extension to divest certain property. Granted, December 15, 1993. San Francisco First Interstate Bancorp, Los Angeles, California -extension to divest certain property. Granted, December 15, 1993. Minneapolis Norwest Corporation, Minneapolis, Minnesota; Norwest Financial Services, Inc., Des Moines, Iowa; and Norwest Financial, Inc. -- extension to February 1 1999, to acquire Premium Service Corporation of Columbia, Columbia, South Carolina. Granted, December 13, 1993. San Francisco Wells Fargo & Company, San Francisco, California extension to divest certain property. Granted, December 15, 1993. INTERNATIONAL OPERATIONS Boston State Street Bank International, New York, New York - to establish an edge corporation branch in Los Angeles, California. Approved, December 16, 1993. Secretary Enterprise Bank of Bellevue, N.A., Bellevue, Washington -- to become a member of the Federal Reserve System. Approved, December 19, 1993. MEMBERSHIP H.2 DECEMBER 13, 1993 PAGE 13 TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of New York -- increase in capital outlay for the foreign exchange trading and accounting system project. Approved, December 17, 1993. Director, FRBO Federal Reserve Bank of Richmond - - t o purchase equipment for check operations at Richmond. Approved, December 13, 1993. H.2 DECEMBER 13, 1993 PAGE 14 ADDITIONS AND CORRECTIONS TO DECEMBER 17, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Capital adequacy -- final rule amending risk-based capital guidelines to lower the risk weight from 100 percent to 50 percent for certain multi-family housing loans (Docket R-0756). Approved, September 28, 1993. Capital adequacy -- amendment to the risk-based and leverage capital guidelines for State member banks and bank holding companies to include the new component of stockholders* equity created by the Financial Accounting Standards Board Statement No. 115; net unrealized holding gains and losses on securities available for sale (Docket R-0823). Proposed, November 19, 1993. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Cleveland Integra Bank ✓ South, Uniontown, Pennsylvania - - t o establish a branch at Eastgate Shopping Center, 1102 East Pittsburgh Street, Greensburgh, Pennsylvania. Approved, December 9, 1993. Cleveland Provident Bank, Cincinnati, Ohio -- to establish a branch at 5150 Crossing, 3872 Paxton Avenue, and 7810 Five Mile Road. Approved, December 3, 1993. 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 NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY UNITEDCORP, Bangor, Maine - 4 ( c ) (8) application to engage in trust activities on a joint venture basis through the acquisition of 51% of the voting stock of Trust Company of Maine, Inc., Bangor, Maine Federal Register 12-29-93 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V Institution - AVAILABILITY OF CRA PUBLIC EVALUATIONS Examination Date Ratincr* NONE ♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; " Needs to Improve; "SN" - Substantial Noncompliance. Fed eral Reserve Bank o f New York Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only__________ United Jersey Bank, Hackensack, New Jersey, to establish four off-site electronic facilities at The Prudential Insurance Company of America: 213 Washington Street and 751 Broad Street, both in Newark; 23 Main Street, Holmdel; and 200 Wood Avenue South, Iselin, all in New Jersey.1/ 1/9/94 United Jersey Bank, Hackensack, New Jersey to establish an off-site electronic facility at UJB Financial Southern Operations Center, Mount Laurel, New Jersey.1/ 1/8/94 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______Public Comment______ None. SECTION V A v a i l a b i l i t y o f CRA P u b lic E v a lu a tio n s 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 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 neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending December 18, 1993 CN| ro| 1/ / / 4/ NAME OF BANK RATING EXAMINATION DATE West Jersey Community Bank 165 Passaic Avenue Fairfield, NJ 07004 Substantial Noncompliance March 22, 1993 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 SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY 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. 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 Decanher 17, 1993 Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution'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 mode rate-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/Location Examination Date CRA Rating Ambassador Bank of the Commonwealth 4127 Tilghman Street Allentown, PA 18104- 4490 8/16/93 Satisfactory Fed e ral R e se rv e Bank of C le v e la n d Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 18, 1993 S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO N E W S P A P E R NOTICE ONLY Received prior notice from Integra * January 5, 1993 Bank/Pittsburgh, Pittsburgh, Pennsylvania, on December 16, 1993, of its intent to establish a branch at 300 Sixth Avenue Building, Pittsburgh, Pennsylvania. Received Section 18(c) application from Premier Bank & Trust, Elyria, Ohio, on December 6, 1993, to merge with the Worthington, Ohio, branch office of Jefferson Savings Bank, Dublin, Ohio, and thereby establish a a branch facility. * Not Yet Known # Received OAKAR application from CoBancorp, * Not Yet Known # Inc., Elyria, Ohio, on December 6, 1993, to acquire the Worthington, Ohio, branch office of Jefferson Savings Bank, Dublin, Ohio, and merge it into its subsidiary, Premier Bank & Trust, Elyria, Ohio. S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3 ( a ) (3) application from * Not Yet Known # First Bancorporation of Ohio, Akron, Ohio, on December 13, 1993, to acquire Peoples Savings Bank, FSB, Ashtabula, Ohio (Peoples Savings Bank, FSB, will in turn convert into a national bank, going forward with the name of Peoples Bank, National Association). S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R NOTICE ONLY NONE * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Applications Bulletin For Week Ending December 18, 1993 S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O F E D E R A L R E G I S T E R N O T I C E OR NEWSPAPER NOTICE NONE AVAILABILITY OF CRA PUBLIC EVALUATIONS (December 17, 1993) 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 17, 1993. 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 lowand 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 moderateincome 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Enterprise Bank 6150 Enterprise Boulevard Solon, Ohio 44139 Rating: Satisfactory Exam Data: September 7, 1993 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 First Citizens BancShares, Inc., Raleigh, North Carolina, to acquire First Savings Bank of Rockingham County, S.S.B., Reidsville, North Carolina.'* 1-9-94 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Wachovia Corporation, Winston-Salem, North Carolina, to acquire additional shares of Southeast Switch, Inc., Maitland, Florida. Not yet available. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. ^Application is subject to CRA requirements. Comment Period Ending Date Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending December 17, 1993 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____ Bruceton Bank Post Office Box 205 Bruceton Mills, West Virginia 26525 9-27-93 Rating Outstanding Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 17. 1993 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date D/W Bankshares, Inc. Dalton, Georgia 1-BHC formation, Dalton/Whitfield Bank & Trust, Dalton, Georgia. Not yet available* Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date FF Bancorp, Inc. New Smyrna Beach, Florida To retain its 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 4 ( c ) (8) of the Bank Holding Company A c t . Not yet available Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 17. 1993 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: record of meeting c o m m u n i t y c r edit 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Outstanding r e c o r d of m e e t i n g community c r e d i t needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- andmoderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory to im p r o v e r e c o r d of m e e t i n g c o m m u n i t y cred i t 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. Ne e d s in m e e t i n g c o m m u n i t y c r e d i t 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. Substantial noncompliance Examination Bank Merchants & Farmers Bank of Greene County Post Office Box 568 Eutaw, Alabama 35462 (205)372-3311 Rating Date Satisfactory 09-13-93 Federal Reserve Bank of Chicago Section I - Applications Subject Notice Only Type Application Oakar R e p u b l i c B a n c o r p Co. O r l a n d Park, I l l i n o i s F i r s t C o o k C o m m u n i t y Bank, Chicago, I l l i n o i s * to N e w s o a o e r Comment Period Ending Date N - 11-20-93 FSB B r a n c h / 24A N e w Asia Bank Chicago, I l l i n o i s 8301 C a s s A v e n u e Darien, Illinois* N . ** EFT Security State Bank Hartley, Iowa 10 3 r d S t r e e t N.W. Hartley, Iowa* N - ** B r a n c h / 24 A The N orthern Trust C o mpany Chica g o , I l l i n o i s 57 9 C e n t r a l S t r e e t H i g h l a n d Park, I l l i n o i s * N - ** Branch Community State Bank Avilla, Indiana 4134 W CR 100 S W o l f Lake, I n d i a n a * N - ** Federal Reserve Bank of Chicago Section II Twe - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l Register Notice Comment Period Application Ending Date Y-l E a s t S i d e F i n a n c i a l , Inc. Chica g o , I l l i n o i s East Side Savings Bank Chicago, I l l i n o i s * FR N - 11-19-93 - 12-17-93 CoC-HC W a b e n o B a n c o r p o r a t i o n , Inc. Venice, F l o r i d a Verle Burgason & JoAnn Burgason FR N - 12-29-93 - ** CoC-HC Wabeno Bancorporation, Veni c e , FI or i d a Connie Ryan Trust FR N - 12-29-93 - ** Y-l R e p u b l i c B a n c o r p Co. O r l a n d Park, I l l i n o i s M A H B a n c o r p , Inc. O r l a n d Park, I l l i n o i s Republic Bank of Chicago Chicago, I l l i n o i s A P L F i n a n c i a l , Inc. Chica g o , I l l i n o i s F i r s t C o o k C o m m u n i t y Bank, Chica g o , I l l i n o i s * FR N 1-6-94 - 11-20-93 Inc. FSB Y-2 Comerica California Incorporated S a n Jose, C a l i f o r n i a P a c i f i c W e s t e r n B a n c s h a r e s , Inc. S a n Jose, C a l i f o r n i a Pacific Western Bank S a n Jose, C a l i f o r n i a * FR N - 11-29-93 1-4-94 Y- 2 Comerica Incorporated Detroit, Michigan Pacific Western Bancshares, S a n Jose, C a l i f o r n i a Pacific Western Bank S a n Jose, C a l i f o r n i a * FR N - 11-29-93 1-4-94 FR N 12-29-93 1-4-94 Y-2 Comerica Incorporated Detroit, Michigan Pacific Western Bancshares, S a n Jose, C a l i f o r n i a Pacific Western Bank S a n Jose, C a l i f o r n i a * I n c . --(100%) I n c . - - (19.9%) 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 Hasten Bancshares Indianapolis, Indiana Hasten Bancorp Indianapolis, Indiana First National Bank Koko m o , Indiana Sullivan-Peoples State Bank Farmersburg, Indiana F i r s t B a n k & T r u s t Co. o f C l a y C o u n t y Brazil, Indiana H a s t e n F i n a n c i a l S e r v i c e s , Inc. Indianapolis, Indiana* FR N - 12-2-93 - 12-20-93 Y-l B a n c o r p , o f N e w G l a r u s , Inc. N e w Glarus, W i s c o n s i n The B a n k o f N e w Glarus N e w Glarus, W i s c o n s i n * FR N - 12-13-93 - 11-8-93 Y-2 L incolnland Bancshares, C asey, I l l i n o i s Westfield State Bank Westfield, Illinois* Inc. FR N - 12-16-93 - 12-4-93 Y-l R u d o l p h B a n c s h a r e s , Inc. Rudolph, Wisconsin Farmers and Merchants Bank Rudolph, Wisconsin* FR N - 12-23-93 1-1-94 Y-2 F & M B a n c o r p o r a t i o n , Inc. Kaukauna, Wisconsin P u l a s k i B a n c s h a r e s , Inc. Pulaski, W i s consin Pulaski State Bank Pulaski, Wisconsin* FR N - 12-23-93 - 12-20-93 Y- 2 F & M Merger Corporation Kaukauna, Wisconsin P u l a s k i B a n c s h a r e s , Inc. Pulaski, W i s consin Pulaski State Bank Pulaski, Wisconsin* FR N - 12-23-93 - 12-20-93 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 ANB C o l o r a t i o n Muncie, Indiana Winchester Bancorporation Winchester, Indiana Peoples Loan and Trust Bank Winchester, Indiana* FR N - 11-12-93 - 12-16-93 Y-2 First Community Bancshares, Bargersvilie, Indiana First State Bank Morgantown, Indiana* FR N - 12-27-93 - ** CoC-HC G N B a n c o r p , Inc. Chicago, I l l i n o i s Ronald Howard Muck FR N - 12-27-93 - 12-20-93 FR N - ** - ** CoC-HC Inc. P e o t o n e B a n c o r p , Inc. Peotone, I l l i n o i s C r a i g L. C a m p b e l l ; D o u g l a s L. a n d S c o t t L. C a m p b e l l Campbell Y-2 C e n t r a l B a n c s h a r e s , Inc. Muscatine, Iowa FSB Holding Company Kalona, Iowa Farmers State Bank Kalona, Iowa West Chester Savings Bank We s t Chester, Iowa* FR N - 12-30-93 - ** Y-2 G r e a t e r C o l u m b i a B a n c s h a r e s , Inc. Portage, Wisc o n s i n 1 s t C o l u m b i a Corp. Portage, Wisconsin First National Bank of Columbus Columbus, Wisconsin* FR N - 10-22-93 1-6-94 Federal Reserve Bank of Chicago Section II - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e i and Federal Register Notice (C o n t i n u e d ) Type Application Y-2 Marshall & Ilsley Corporation Milwaukee, Wisconsin Valley Bancorporation Milwaukee, Wisconsin Valley Bank La Crosse, W i s c o n s i n Valley Bank Madison, Wisconsin Valley Bank Chippewa Menomonie, Wisconsin Valley Bank East Central Kewaskum, Wisconsin Valley Bank Janesville Janesville, Wisconsin Valley Bank Milwaukee Thiensville, Wisconsin V a l l e y Bank, N a t i o n a l A s s o c i a t i o n Watertown, Wisconsin Valley Bank Northeast Green B a y Wisconsin Valley Bank of Oshkosh Oshko s h , W i s c o n s i n Valley Bank of Shawano Shawano, W i s c o n s i n Valley Bank Southwest S p r i n g Green, W i s c o n s i n V a l l e y B a n k Western, F S B S p a rta, W i s c o n s i n Valley First National Bank Rhinelander, Wisconsin Valley First National Bank of Ripon Ripon, W i s c o n s i n V a l l e y U n i t e d Bank, S S B Sheboygan, W i s consin Valley Western Bank Appleton, Wisconsin Pierce County Bank a nd Trust Company Ellsworth, Wisconsin* Y-2 First Waukegan Corporation Gurnee, I l l i n o i s S e c u r i t y C h i c a g o Corp. Chicago, I l l i n o i s First Security Bank of Chicago Chicago, I l l i n o i s * Comment Period Ending Date FR N - ** - ** FR - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 First Waukegan Corporation G u r nee, I l l i n o i s First State B a n c o r p of Princeton, I l l i n o i s , Inc. Princeton, Illinois First State Bank of Princeton Princeton, Illinois First State Bank of Ashton-Rochelle Ashton, I l linois First State Bank of Gridley Gridley, I l l i n o i s * FR N - ** _ ** CoC-HC Th e N e w b u r g C o r p o r a t i o n St. A n s g a r , I o w a H a l B. M c K i n l e y & A u d r e y M. FR N - 12-27-93 _ ★★ McKinley Y- 2 Omnibank Corporation R i v e r R ouge, M i c h i g a n I n d e c o r p , Inc. Chica g o , I l l i n o i s Independence Bank of Chicago Chica g o , I l l i n o i s Drexel Holding Company Chicago, I l l i n o i s Drexel National Bank Chica g o , I l l i n o i s * FR N _ ★★ » *★ Y- 2 O r a n g e v i l l e B a n c o r p , Inc. Orangeville, Illinois State Bank of Winslow Winslow, I l l i n o i s * FR N _ ** _ ** Federal Reserve Bank of Chicago Section III - Applications Subject Notice Only to F e d e r a l Register Comment Period Ending Date Type Application Y- 4 Nor t h e r n Trust Corporation FR Chicago, Illinois Northern Futures Corporation C h i c a g o , I l l i n o i s -- e x e c u t i n g and clearing of certain nonfinancial c o m m o d i t y futures a n d opt i o n s of the I n d e x a n d O p t i o n D i v i s i o n o f the C h i c a g o M e r c a n t i l e E x c h a n g e a n d th e C h i c a g o B O T a n d N e w York M e r c a n t i l e E x c h a n g e - 12-21-93 4 (c) (8) F i r s t M i d w e s t B a n c o r p , Inc. Naperville, Illinois F i r s t M i d w e s t M o r t g a g e , Inc. Joliet, I l l i n o i s FR - 12-13-93 Y-4 Hawkeye Bancorporation D e s Moines, Iowa C e n t r e P o i n t e L e a s i n g Co., Nest De s Moines, Iowa FR - 12-17-93 Inc. 4 (c) (8) W e l d o n B a n c s h a r e s , Inc. W e l don, I l l i n o i s Weldon Insurance Service W e l don, I o w a FR - 12-13-93 Y-4 Old Kent Financial Corporation G r a n d Rapids, M i c h i g a n CDC--Grand Rapids Hope Limited Partnership II G r a n d Rapids, M i c h i g a n - -invest in l o w income transitional housing pr o j e c t for women and children FR - 12-27-93 Y- 4 I o w a N a t i o n a l B a n k s h a r e s Corp. Waterloo, Iowa MidAmerica Financial Corporation Waterloo, Iowa M i d A m e r i c a S a v i n g s Bank, F S B Waterloo, Iowa FR N - 12-30-93 - 12-26-93 Federal Reserve Bank of Chicago Section III - Applications Subject Notice Only (Continued) to F e d e r a l Register Comment Period Endincr D a t e Type Application 4 (c) (8) FBOP Corporation FR O a k Park, I l l i n o i s E n g a g e d e n o v o i n the a c q u i s i t i o n o f l o a n s from its insured subsidiaries Y-4 R e p u b l i c B a n c o r p Co. (a D e l a w a r e Corporation) O r l a n d Park, I l l i n o i s A P L Financial,- Inc. Chicago, I l l i n o i s F i r s t C o o k C o m m u n i t y Bank, F S B Chicago, I l l i n o i s FR - 1-6-94 Y-4 R e p u b l i c B a n c o r p Co. (an I l l i n o i s Corporation) O r l a n d Park, I l l i n o i s A P L F i n a n c i a l , Inc. Chicago, I l l i n o i s F i r s t C o o k C o m m u n i t y Bank, F S B Chicago, I l l i n o i s FR - 1-6-94 4 (c) (8) F i r s t b a n k o f I l l i n o i s Co. Springfield, Illinois Rowe, H e n r y & Deal, Inc. Jacksonville, I l l i n o is--engage in securities brokerage services FR - 1-10-94 Y- 4 Marshall & Ilsley Corporation Milwaukee, Wisconsin Valley Trust Company Appleton, Wisconsin FR - ** Y-4 Marshall & Ilsley Corporation Milwaukee, Wisconsin Community Life Insurance Company Phoenix, A r i z o n a FR - ** Y-4 Marshall & Ilsley Corporation Milwaukee, Wisconsin Valley Bankservice Corporation Sheboygan, Wisconsin FR - ** Y-4 Marshall & Ilsley Corporation Milwaukee, Wisconsin Valley Real Estate Services Corporation Sheboygan, Wisconsin FR _ - 12-20-93 ** Federal Reserve Bank of Chicago Section III - A p p l i c a t i o n s S u b j e c t to F e d e r a l R e g i s t e r Notice Only (Continued) Comment Period Ending Date Type Application 4 (c) (8) Firstar Corporation Milwaukee, Wisconsin Firstar Home Mortgage Corporation M i l w a u k e e , W i s c o n s i n - - e n g a g e de n o v o in data p r o c e s s i n g & data transmissions s e r v i c e s f a c i l i t i e s & d a t a b a s e s to real tors FR - ** 4 (c) (8) First Chicago Corporation Chicago, I l l i n o i s First Chicago Leasing Corporation C h i c a g o , 1 1 1 i n o i s - -C D C - - A r r a n g i n g a n d i n v e s t i n g i n e n t i t i e s f o r the financing of low-income housing FR - ** Y-4 Mahaska Investment Company Oskaloosa, Iowa On-Site Commercial Services & engage in p r o v i d i n g bookkeeping, p a y r o l l processing, accounts receivable & financial services FR - ** Y-4 C i t i z e n s B a n k s h a r e s , Inc. Shawano, W i s consin N o r t h L a n d F i n a n c e , Inc. Ashland, Wisconsin FR - ** Federal Reserve Bank of Chicago Section I V - A p p l i c a t i o n s N o t S u b j e c t to F e d e r a l R e g i s t e r o r N e w s p a p e r Notice Type Application RoS Greatbanc, I n c . Aurora, I llinois R e p u r c h a s e the m a j o r i t y o f C l a s s D RoS The N e w b u r g Corporation S t . Ansgar, Iowa R e d e e m 1 9 , 5 9 4 s h a r e s (24.25%) RoS W a b e n o B a n c o r p o r a t i o n , Inc. V e n i ce, FI or i d a R e d e e m 1,316 shares of stock RoS F a i r b a n k B a n c s h a r e s , Inc. Fairbank, Iowa Redeem 1,875 shares of stock common stock of its common stock N - Newspaper FR - Federal Register * - S u b j e c t to P r o v i s i o n s o f C o m m u n i t y R e i n v e s t m e n t A c t - N o t a v a i l a b l e a t this time A V A I L A B I L I T Y OF CRA P U BLIC EVALUATIONS T h e f o l l o w i n g s t a t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the F e d e r a l R e s e r v e B a n k o f C h i c a g o f o r c o m p l i a n c e w i t h t he CRA. T h e 3 0 - b u s i n e s s d a y p e r i o d the b a n k h a s to m a k e the e v a l u a t i o n p u b l i c h a s l a p s e d d u r i n g the w e e k e n d i n g D e c e m b e r 17, 1993. I f y o u a r e i n t e r e s t e d i n o b t a i n i n g a c o p y o f the e v a l u a t i o n d o c u m e n t , p l e a s e c o n t a c t the b a n k ( s ) d i r e c t l y . IDENTIFICATION OF RATINGS O- A n i n s t i t u t i o n i n t h i s g r o u p h a s a n o u t s t a n d i n g r e c o r d of, a n d i s a l e a d e r in, a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f i t s entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S- A n i n s t i t u t i o n in this g r o u p h a s a s a t i s f a c t o r y r e c o r d o f ascert a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f i t s ' e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r consistent with its resources and capabilities. NI- A n i n s t i t u t i o n i n th i s g r o u p n e e d s to i m p r o v e i t s o v e r a l l r e c o r d o f ascertaining a n d h e l p i n g to m e e t t he credit needs of its entire d e l i n e a t e d c o m m u n i t y , i n c l u d i n g lo w - a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s , in a m a n n e r consistent with its resources and capabi l i t i e s . SN- A n i n s t i t u t i o n in this g r o u p h a s a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of ascertaining a n d h e l p i n g to m e e t t he credit n e e d s of its entire d e l i n e a t e d community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r consistent with its resources and capabi l i t i e s . BANK NAME/LOCATI ON NONE EXAMINATION DATE RATINGS Federal Reserve Bank o f St. Louis FOR THE WEEK ENDING DECEMBER 17, 1993 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 * Section 3(a)(3) application by Adamsville Bancshares, Inc., Adamsville, Tennessee, to acquire Lewis County Bank, Hohenwald, Tennessee. End of Comment Period Newspaper: 1-8-94 * Section 3(a)(3) application by Boatmen's Bancshares, Inc., St. Louis, Missouri, to acquire Woodland Bancorp, Inc., Tulsa, Oklahoma. Newspaper: 1-15-94 * Section 3(a)(1) application by Boatmen's Oklahoma, Inc., St. Louis, Missouri, to acquire Boatmen's First National Bank of Oklahoma, Oklahoma City, Oklahoma. Newspaper: 1-15-94 * Section 3(a)(3) application by First Tennessee National Corporation, Memphis, Tennessee, to acquire Cleveland Bank & Trust Company, Cleveland, Tennessee. Newspaper: 1-12-94 * Section 4(c)(8) application by First Banks, Inc., Clayton, Missouri, to acquire Heartland Savings Bank, FSB, St. Louis, Missouri. Newspaper: 1-15-94 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 Section 24A application by United Missouri Bank Northeast, Monroe City, Missouri, for an investment in bank premises. *This application is subject to CRA. End of Comment Period N/A* FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f 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 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 A n institution in this group has a satisfactory 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. Needs to improve record o f meeting community credit needs A n 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 A n 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 tow- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE VEER ENDING Name of Bank December 17, 1993 Bank Address Examination Date Examination Rating State Bank of Farina P. 0. Box 246 Farina, Illinois 9-27-93 Satisfactory First Bank P. 0. Box 41052 Creve Coeur, Missouri 63141 7-26-93 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS 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 John Baer and Homer Baer, III, to acquire control of 55.50% and 44.50%, respectively, (Federal Register) Security State Bancshares of Bemidji, Inc. Bemidj i , MN 1-5-94 of Finlayson Bancshares, Inc. Finlayson, MN To acquire 14.10% of First Integrity Bancorporation, Inc., Staples, MN 1-14-93 (Federal Register) First Integrity Bancorporation, Inc. Staples, MN To acquire 100% of the voting shares of Barrett Bancorporation, Inc. Barrett, MN 1-14-93 (Federal Register) Community First Bankshares, Inc Fargo, ND To acquire 98.83% of the voting shares of the Bank of Spooner, Spooner, WI* 12-23-93 (Federal Register) Northwest Equity Corp. Amery, WI To acquire 100% of the voting shares of Northwest Savings Bank Amery, WI* Not yet available Community First Bankshares, Inc. Fargo, ND To acquire 100% of the voting shares of Ada Banc Shares, Inc., Ada, MN, a one bank holding company owning The Ada National Bank, Ada, MN* Not yet available ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Application David Flo, Signe Flo & Donald Flo Credit Trust To acquire control of 85% of the voting shares of South Central Financial Services, Inc., Bricelyn, MN Not yet available First Bank System, Inc. Mpls, MN To acquire 100% of the voting shares of Boulevard Bancorp, Inc., Chicago, IL* Not yet available Michigan Financial Corporation Marquette, MI To acquire, through merger, 100% of the voting shares of Houghton Finan cial, Inc., Houghton, MI* Not yet available Section III - Applications Subject to Federal Register Notice Only Application Northwest Equity Corp. Amery, WI To engage de novo in making and servicing loans. Zappco, Inc. St. Cloud, MN To engage de novo in management consulting to depository institu tions . Norwest Corporation, Mpls, MN and Norwest Financial Services, Inc., Des Moines, IA To engage in making and servicing loans with underwriting credit in surance throught the acquisition of Community Credit Co., Edina, MN. Comment Period Ending Date Not yet available 12-29-93 Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. 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 V - Availability of CRA Public Evaluations week ending December 17, 1993 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. B A N K (S ) EXAMINED Ridgedale State Bank 1730 Plymouth Road Minnetonka, MN 55305 (612) 544-2444 DATE OF EXAMINATION CRA RATING August 23, 1993 Satisfactory Security Bank Minnesota September 13, 1993 437 Bridge Avenue, Box 891 Albert Lea, MN 56007 (507) 373-1481 Satisfactory Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Vail National Bank, Vail, Colorado, for prior approval to retain it's membership in the Federal Reserve System as a state chartered bank, and to open a de novo branch facility at 110 Beaver Creek Boulevard, Avon, Colorado. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Independent Bankshares, Inc., Glenwood Springs, Colorado, for prior approval to acquire 100 percent of the voting shares of Glenwood Independent Bank, Glenwood Springs, Colorado.* Not Available Donald L. Sturm, Denver, Colorado, for prior approval to acquire 100 percent of the voting shares of Country Hill Bank, Lenexa, Kansas. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR 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: Federal Reserve Bank of Kansas City O u t s t a n d i n g r e c o r d of m e e t i n g c o m m u n i t y c r e d i t n e e d s 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. S a t i s f a c t o r y r e c o r d of m e e t i n g c o m m u n i t y c r e d i t n e e d 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to i m p r o v e r e c o r d of m e e t i n g c o m m u n i t y c r edit n e e d s 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. S u b s t a n t i a l n o n c o m p l i a n c e in m e e t i n g c o m m u n i t y c r edit n e e d s 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 None. ♦Application is subject to CRA. CRA Public Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 13, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION Change in Control Notice by Heritage Financial Corporation Employee Stock Ownership Bonus Plan, Ruston, LA, to acquire an interest in Heritage Financial Corporation, Ruston, LA (Previously reported during the week of 11-29-93) Change in Control Notice by John H. and Cecilia C. Keck, Laredo, TX, to acquire an interest in Union Texas Bancorporation, Inc., Laredo, TX (Previously reported during the week of 11-22-93) 94/01/10/ 93/12/29 ♦Section 3(a)(1) application by First Marshall Corporation, Marshall, TX, to acquire East Texas National Bank of Marshall, Marshall, TX N/A ♦Section 3(a)(1) application by City National Bancshares, Inc., Colorado City, TX, to acquire T M & S Bancshares, Inc., Dover, DE, and The City National Bank of Colorado City, Colorado City, TX N/A ♦Section 3(a)(1) application by T M & S Bancshares, Inc., Dover, DE, to acquire The City National Bank of Colorado City, Colorado City, TX N/A ♦Section 3(a)(3) application by Southern Bancshares, Inc., Houston, TX, to acquire First State Bank Brazoria, Brazoria, TX (de novo) N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION None. NOTICE EXP 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 13, 1993 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 Noncorapliance 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 None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS APPROVED DURING THE WEEK OF DECEMBER 13, 1993 APPLICATION None. DATE FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/17/93 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 Capital Bancorp Employee Stock Ownership Plan, Downey, California, to become a bank holding company by acquiring Capital Bancorp, Downey, California. * Newspaper: Not available Fed. Reg.: 01/14/94 Limestone Holding Corporation, Preston, Washington, to become a bank holding company by acquiring State Bank of Concrete, Concrete, Washington. * Newspaper: Not available Fed. Reg.: Not available Section III - Applications Sub.iect to Federal Register Notice Only BankAmerica Corporation, San Francisco, California, to acquire Liberty Bank, Honolulu, Hawaii, through Bank of America, FSB, Honolulu, Hawaii. Fed. Rea.: 01/14/94 The Tokai Bank, Limited, Nagoya, Japan, to engage de novo in providing investment and financial advisor services through Tokai Securities, Inc., New York, New York. Fed. Rea.: 01/10/94 First Security Corporation, Salt Lake City Utah, to engage de novo in buying and selling U.S. government, state and local obligations on the order of investors as riskless principal through First Security Investor Service, Inc., Salt Lake City, Utah. Fed. Reg.: Not available U.S. Bancorp, Portland, Oregon, to engage directly in data processing activities through the use of customers' personal computers. Fed. Reg.: Not available * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week Ending 12/17/93 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending December 17, 1993. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location West One Bank, Utah 107 South Main St. Salt Lake City, UT (801) 534-6000 Examination Date 08/23/93 Rating* Outstanding *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 moderateincome neighborhoods, in a manner consistent with its resouces 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 moderateincome neighborhoods, in a manner consistent with its resouces and capabilities.
@FedFRASER