The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
P;£fr h, ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM '-'< •1.1 -■I U2r;.'.Dv 0 .J fill }m.2, 3 2$ 1991, No. 51 A c t i o n s of th e B o a r d , its Staff, and u ,-(,yv F e d e r a l R e s e r v e Banks; Lr C ^Applications a n d R e p o r t s R e c e i v e d D u r i n g th e W e e k E n d i n g D e c e m b e r 21, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Assessment of the current economic situation and implications of taxation for the longer-range growth of the economy — statement by Chairman Greenspan before the House Committee on Ways and Means, December 18, 1991. Published, December 18, 1991. ADVISORY COUNCILS Consumer Advisory Council — appointment of thirteen new members and designation of Colleen D. Hernandez as Chairman and Denny D. Dumler as Vice Chairman. Approved, December 17, 1991. Thrift Institutions Advisory Council — appointment of four new members and designation of Lynn W. Hodge as President of the Council for 1992. Announced, December 19, 1991. BANK HOLDING COMPANIES Banc One Corporation, Columbus, Ohio — to"acquire Premier Bancorp, Inc., Baton Rouge, Louisiana; Premier Bank, N.A.; Premier Securities Corporation, and engage in securities brokerage services, and Premier Investments Advisors, Inc., and engage in investment advisory services. Approved, December 20, 1991. First Bancshares of St. Landry, Inc., Opelousas, Louisiana -- to merge with Iberia Bancshares Corporation, New Iberia, Louisiana, and acquire Bank of Iberia. Approved, December 20, 1991. Huntington Bancshares, Inc., Columbus, Ohio — petititon for reconsieration of the Board*s approval of the application to acquire certain assets and assume deposit liabilities of five branches of TransOhio Savings Bank, Cleveland, Ohio. Denied, December 17, 1991. Interbank Holding Corporation, Miami, Florida — acquire Grovegate Bank, Miami, Florida. Approved, December 20, 1991. to H.2 DECEMBER 16, 1991 PAGE 2 TO DECEMBER 20, 1991 ACTZONS TAKEN BY THE BOARD OF GOVERNORS fiMK H O M ING COMPANIES Laredo National Bancshares, Laredo, Texas — to acquire Southshares, Inc., and South Texas National Bank of Laredo. Approved, December 20, 1991. BANK MERGERS Bank America Corporation, San Francesco, California, to acquire Security Pacific Corporation, Los Angeles, California — public meetings to be held in Los Angeles, January 14, 1992, San Francisco, January 15, 1992, Phoenix, Arizona, January 15, 1992, and Seattle, Washington, January 16, 1992. Approved, December 20, 1991. BOARD OPERATIONS Division of Research and Statistics — John Mingo as Adviser. Approved, December 16, 1991. appointment of DISCOUNT RATES Discount rates — decrease to 3-1/2 percent from 41/2 percent by the Federal Reserve Banks of New York and Chicago, effective December 20, 1991. Approved, December 19, 1991. Discount rates — decrease to 3-1/2 percent from 41/2 percent for the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Minneapolis, Kansas City, Dallas, and San Francisco, effective December 20, except Minneapolis, which is effective December 23, 1991. Approved, December 20, 1991. H.2 DECEMBER 16, 1991 PAGE 3 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE BOARD OP GOVERNORS Enforcement Bank of White Sulphur Sprdings, White Sulphur Springs, West Virginia — order or prohibition against Darrell E. Coleaan. Authorized, December 16, 1991. BCCI Holdings (Luxembourg) S.A., Luxembourg, Bank of Credit and Commerce International S.A., and related companies — consent cease and desist order against Khusro Elley, and dismissal of an action against Mr. Elley. Authorized, December 20, 1991. First and Farmers Bancshares, Inc., Somerset, Kentucky — cease and desist order against Blaine S . Correll. Authorized, December 20, 1991. First New York Business Bank Corp., New York, New York, written agreement dated November 26, 1991, with the Federal Reserve Bank of New York. Announced, December 18, 1991. REGULATIONS MS POLICIES Regulation Z — changes to home equity disclosure rules. Proposed, December 20, 1991. H.2 DECEMBER 16, 1991 PAGE 4 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management ANK BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a brcinch at 1457 Mount Pleasant Road, Chesapeake, Virginia. Approved, December 17, 1991. Minneapolis Security Bank Minnesota, Albert Lea, Minnesota — to relocate branch to 805 Main Street North, Austin, Minnesota, from 108 East Oakland Avenue, and invest in bank premises. Approved, December 18, 1991. Dallas Texas State Bank, McAllen, Texas — to establish off-site electronic facility at 2414 East Expressway 82, Mission, Texas. Approved, December 16, 1991. an BANK HOLDING COMPANIES Chicago First Busey Corporation, Urbana, Illinois — to acquire First Busey Interim Federal Savings and Loan Association, which was formed to purchase certain assets and assume the deposit liabilities of the Urbana and. St. Joseph, Illinois, branches of Citizens Federal Savings, F.S.A. Approved, December 17, 1991. Atlanta First National Bancorp, Gainesville, Georgia — to merge with First National Bancshares of Paulding County, Inc., Dallas, Georgia, and acquire First National Bank of Paulding County. Approved, December 16, 1991. Chicago Firstar Corporation, Milwaukee, Wisconsin — to acquire the assets of Chanchellor Mortgage Corporation, Brooklyn Center, Minnesota. Permitted, December 20, 1991. Cleveland FNB Bancorporation, Inc., Fort Mitchell, Kentucky — to acquire First National Bank of Northern Kentucky. Approved, December 16, 1991. H.2 DECEMBER 16, 1991 PAGE 5 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Georgia Bank Financial Corporation? Augusta? Georgia — to acquire Georgia Bank & Trust Company of Augusta. Approved? December 19? 1991. Chicago NBD Bancorp? Inc.? Detroit? Michigan? and NBD Indiana? Inc. — to acquire Gainer Corporation? Merrillville? Indiana? and Gainer Bank? National Association? Gary? Indiana. Approved? December 19? 1991. Minneapolis Norwest Corporation? Minneapolis? Minnesota — acquire U.S. Recognition Corporation? Inc.? Ringwood? New Jersey. Returned? December 20? 1991. Chicago Old Second Bancorp? Inc.? Aurora? Illinois? and KCB Acquisition Corp. — to acquire Kane County Bancshares? Inc.? Elburn? Illinois? and Kane County Bank and Trust Co. Approved? December 17? 1991. Chicago San Jose Banco? Inc.? Fremont? Indiana — The First National Bank of Fremont. Returned? December 18? 1991. Kansas City Sky Valley Bank Corp.? Alamosa? Colorado — to acquire The First National Bank in Alamosa. Approved? December 18? 1991. Secretary SunTrust Banks? Inc.? Atlanta? Georgia? and Sun Banks? Inc.? Orlando? Florida — to acquire Florida WestCoast Banks? Inc.? Venice? Florida? and First National Bank of Venice. Approved? December 18? 1991. Director, BS&R United Financial Banking Companies, Inc., Vienna, Virginia — registration statement. Approved, December 19, 1991. to to acquire H.2 DECEMBER 16, 1991 PAGE 6 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Atlanta 1st United Bank, Boca Raton, Florida — to merge with Mizner Bank, and to establish branches. Approved, December 17, 1991. BANK PREMISES S t . Louis Arkansas Bank and Trust Company, Hot Springs, Arkansas — investment in bank premises. Approved, December 16, 1991. Minneapolis Farmers State Bank, Victor, Montana — bank premises. Approved, December 20, 1991. Kansas City OMNIBANK Arapahoe, Englewood, Colorado; OMNIBANK Arvada, Arvada; and OMNIBANK Southeast, Denver, Colorado — investment in bank premises. Approved, December 20, 1991. Minneapolis Security Bank Minnesota, Albert Lea, Minnesota — to relocate branch to 805 Main Street North, Austin, Minnesota, from 108 East Oakland Avenue, and invest in bank premises. Approved, December 18, 1991. Dallas State Bank and Trust Company, San Marcos, Texas — investment in bank premises. Approved, December 16, 1991. investment in CAPITAL STOCK S t . Louis Bancshares of Ripley, Inc., Ripley, Tennessee — redemption of shares. Approved, December 18, 1991• Atlanta Brannen Banks of Florida, Inc., Inverness, Florida — redemption of shares. Approved, December 17, 1991. S t . Louis Peoples Commercial Services Corporation, Senatobia, Mississippi — redemption of shares. Approved, December 18, 1991. H.2 DECEMBER 16, 1991 PAGE 7 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Ford Bank Group, Inc., Lubbock, Texas — bank control. Permitted, December 16, 1991. change in Cleveland Georgetown Bancorp, Inc., Georgetown, Kentucky — change in bank control. Permitted, December 16, 1991. Minneapolis Guaranty Development Company, Livingston, Montana — change in bank control. Returned, December 18, 1991. Atlanta Gulf South Bancshares, Inc., Gretna, Louisiana — change in bank control. Permitted, December 16, 1991. S t . Louis NBC Bank Corp., El Dorado, Arkansas — control. Withdrawn, December 18, 1991. San Francisco Northern Empire Bancshares, Santa Rosa, California — change in bank control. Permitted, December 20, 1991. Chicago San Jose Banco, Inc., Fremont, Indiana — bank control. Returned, December 18, 1991. Kansas City Val Cor Bancorporation, Inc., Cortez, Colorado — change din bank control. Permitted, December 16, 1991. change in bank change in COMPETITIVE FACTORS REPORTS Atlanta Bank of Camilla, Camilla, Georgia, proposed merger with CBI Interim, Inc. — report on competitive factors. Submitted, December 17, 1991. S t . Louis Banterra Bank of Christopher, Christopher, Illinois, proposed purchase of certain assets and assumption of certain liabilities of Rend Lake Bank, Christopher, Illinois — report on competitive factors. Submitted, December 19, 1991. H.2 DECEMBER 16, 1991 PAGE 8 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City Caldwell County Bank, Hamilton, Missouri, proposed merger with FarmerTs Bank of Polo, Polo, Missouri • report on competitive factors. Submitted, December 20, 1991. Atlanta Citizens National Bank of^Athens, Athens, Tennessee, proposed acquisition of the assets and assumption of the deposit liabilities of the Madisonville, Sweetwater, and Tellico Plains branches of Sovran Bank / Tennessee, Nashville, Tennessee — report on competitive factors. Submitted, December 18, 1991. Philadelphia First American Savings, F.A., Jenkintown, Pennsylvania, proposed merger with Brandywine Savings and Loan Association, Downingtown, Pennsylvania — report on competitive factors. Submitted, December 19, 1991. Kansas City First Interstate Bank of Golden, N.A., Golden, Colorado, proposed merger with First Interstate Bank of Arvada, N.A., Arvada, Colorado — report on competitive factors. Submitted, December 18, 1991. San Francisco Home Savings of America, FSB, Irwindale, California, proposed assumption of the deposit liabilities and related costs of six branches of Hamilton Savings Bank, F.S.B., San Francisco, California — report on competitive factors. Submitted, December 18, 1991. San Francisco Key Bank of Idaho, Boise, Idaho, proposed merger of Valley Bank, Idaho Falls, Idaho — report on competitive factors. Submitted, December 18, 1991. San Francisco U.S. Bank of California, Eureka, California, proposed purchase of certain assets and assumption of certain liabilities of the Ukiah and Fortuna branch of Bank of The West, Walnut Creek, California — report on competitive factors. Submitted, December 18, 1991. H.2 DECEMBER 16, 1991 PAGE 9 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ENFORCEMENT Secretary BCCIHoldings (Luxembourg) S.A., Luxembourg, Bank of Credit and Commerce International S.A., and related companies — extension to January 10, 1992, to take certain actions regarding notice of charges. Authorized, December 20, 1991. EXTENSIONS OF TIME Cleveland C&D Bank Company, Marietta, Ohio — extension to March 19, 1992, to merge with The Dime Bank. Granted, December 19, 1991. San Francisco Denali Bancorporation, Inc., Fairbanks, Alaska — extension to April 1, 1992, to acquire Denali State Bank. Granted, December 18, 1991. Richmond Fidelity BancShares (N.C.), Inc., Fuguay-Varina, North Carolina — extension to April 11, 1992, to acquire Granville Federal Saving and Loan Association, Oxford, North Carolina. Granted, December 16, 1991. Cleveland Fifth Third Bank of Columbus, Columbus, Ohio — extension to March 19, 1992, to establish a branch at 21 East State Street. Granted, December 19, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extension to March 25, 1992, to engage on a fee basis in asset management activities through FAES, Inc., Denver, Colorado. Granted, December 18, 1991. San Francisco First Security Corporation, Salt Lake City, Utah — extensions to divest certain properties. Granted, December 18, 1991. Chicago Indiana United Bancorp, Greensburg, Indiana — extension to January 31, 1992, to acquire Regional Federal Bancorp, Inc., New Albany, Indiana, and Regional Federal Savings Bank. Granted, December 16, 1991. H.2 DECEMBER 16, 1991 PAGE 10 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Old Kent Bank of Kalamazoo, Kalamazoo, Michigan — extension to January 29, 1992, to merge with Old Kent Bank - Southwest, Niles, Michigan, and to establish branches in Niles, Benton Harbor, Barrien Springs, Dowagiac, Adamsville; St. Joseph, Sodus, and Buchanan, Michigan.^ Granted, December 16, 1991. St. Louis Peoples Bancorp, Inc., of Bullitt County, Shepherdsville, Kentucky — extension to March 7, 1992, to redeem shares. Granted, December 18, 1991. Director, BS&R Royal Bank of Scotland Group pic, Edinburgh, Scotland — extension to discontinue certain real estate activities of Citizens Financial Group, Inc., Providence, Rhode Island. Granted, December 16, 1991. Richmond SNB Financial Corporation, Summerville, South Carolina — extension to March 31, 1992, to acquire Summerville National Bank. Granted, December 16, 1991. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Granted, December 19, 1991. San Francisco Wells Fargo & Company, San Francisco, California — extensions to divest certain properties. Granted, December 16, 1991. Kansas City OMINBANK Arapahoe, Englewood, Colorado; OMNIBANK Arvada, Arvada; OMNIBANK Leetsdale, Denver; OMNIBANK Parker Road, Aurora; OMNIBANK Southeast, Denver; and OMNIBANK University Hills, Denver, Colorado — to become members of the Federal Reserve System. Approved, December 20, 1991. extensions to MEMBERSHIP H.2 DECEMBER 16, 1991 PAGE 11 TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee — policy record for the meeting of November 5# 1991. Published# December 20# 1991. RESERVE BANK SERVICES Director# FRBO Federal Reserve Banks — to modify the ITS weekend service schedules at majpy Federal Reserve offices Approved# December 16# 1991. H.2 DECEMBER 16, 1991 PAGE 12 ADDITIONS AND CORRECTIONS TO DECEMBER 20, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond First National Corporation, Strasburg, Virginia — invest in community development activities. Approved, December 11, 1991. to FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO N E W S P A P E R N O T I C E O NLY C o m m e n t P e r i o d E n d i n g Date Application NON E 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 N E W S P A P E R A N D F E DERAL R E G I S T E R N O T I C E Comment P e r i o d Ending Date Application NON E SE 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 FE D E R A L R E G I S T E R N O T I C E O N L Y Application Co m m e n t P e r i o d Ending Date N ONE SE 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 TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE S E C T I O N V ~ A V A I L A B I L I T Y OF C R A P U B L I C E V A L U A T I O N S E x a m i n a t i o n Date Institution NONE Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ______ Notice Only______ Chemical Bank Delaware, Wilmington, Delaware to merge into Chemical Bank, New York, New Y o rk .l/ 1/1 6 /9 2 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Onlvl None. SECTION IV Applications Not Involving Public Comment None. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution’s CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SECTION V Availability of CRA Public Evaluations Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Week Ending December 21. 1991 NAME OF BANK RATING None. 1 / Subject to provisions of Community Reinvestment Act. 2 / Later of dates specified in newspaper and Federal Register notices. 3 / Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4 / Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N /A - Not Available EXAMINATION DATE FEDERAL R E S ERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act * N/A - not yet available. 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 20, 1991. 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 La , 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/Location Examination Date None. CRA Rating Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 21, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY R e c e i v e d a p p l i c a t i o n on Dece m b e r 17, 1991, from K i l l b u c k Savings Bank, Killbuck, Ohio, for p e r m i s s i o n to estab l i s h a b r a n c h at W a l - M a r t outlet #1, S.R. 83 and U.S. 92, Millersburg, Ohio. * Not Yet K n o w n # SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d Section 3(a)(3) appl i c a t i o n on * J a n u a r y 20, D e c e m b e r 20, 1991, from O h i o Bancorp, Youngstown, Ohio, to ac q u i r e up to 10.00 p e r c e n t of Cor t l a n d Bancorp, Cortland, Ohio. R e c e i v e d Section 3(a)(1) and S e ction 3(a)(3) applic a t i o n s on D e c e m b e r 20, 1991, from Nati o n a l City Corporation, Cleveland, Ohio, to a cquire M e r c h a n t s N a t i o n a l Corporation, Indianapolis, Indiana. 1992 * Not Yet K n o w n # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d Section 4 ( c ) (8) a p p l i c a t i o n on D e c e m b e r 16, 1991, from Nat i o n a l City Corporation, Cleveland, Ohio, to acquire B & L Consultants, Inc., Norwood, Massachusetts. N o t Yet K n o w n # R e c e i v e d S e ction 4 ( c ) (8) a p p l i c a t i o n on D e c e m b e r 20, 1991, from N a t i o n a l City Corporation, Cleveland, Ohio, to acqu i r e the n o n - b a n k s u b sidiaries of M e r c h a n t s N a t i o n a l Corporation, Indianapolis, Indiana. Not Yet K n o w n # * N F # - Subject to CR A N e w s p a p e r C omment Period F e deral R e g i s t e r C o mment Pe r i o d E x p e c t e d to end a p p r o x i m a t e l y 30 days from t h e date of re c e i p t of the application. Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 21, 1991 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NON E * * N F # - Subject to CRA N e w s p a p e r C o mment Pe r i o d Federal R e g i s t e r Comment Per i o d Expe c t e d to end a p p r o x i m a t e l y 30 days from the date of r eceipt of the application. Federal Reserve Bank of Richmond Section I - Applications Subiect to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subiect to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Applications Not Subiect to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending December 20, 1991 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Centura Bank, Inc. P. 0. Box 1220 Rocky Mount, North Carolina 27802 Examination Date Rating 9-23-91 Satisfactory Federal R e serve Bank of Atla n t a A p p l i c a t i o n s B u l l e t i n f o r W e e k E n d i n g D e c e m b e r 20. 1991 S ection 1 - A p p l i c a t i o n s Subject to N e w s p a p e r N o t i c e O n l y Application C o m m e n t P e r i o d E n d i n g Date S o u t h T r u s t B a n k of Pin e l l a s C o unty St. Petersburg, F l orida To e s t a b l i s h a b r a n c h offi c e to be k n o w n as S t r a t f o r d Court Office, located at 45 K a t h e r i n e Boulevard, P a l m Harbor, Florida. 01-11-92* Newspaper S e c t i o n 2 - A p p l i c a t i o n s Subject To Both N e w s p a p e r and Federal R e g i s t e r Not i c e Application Co m m e n t P e r i o d E n d i n g Date Crescent Banking Company Jasper, G e o r g i a 1-BHC formation, C r e s c e n t Bank and Tru s t Company, Jasper, Georgia. Not yet avail a b l e * CBS B a n c s h a r e s , I n c . Spencer, T e n n e s s e e To a c q u i r e Fir s t State Bank, Tennessee. N o t yet avail a b l e * Maynardville, First A u t a u g a Bancshares, Inc. M o n tgomery, Alabama 1-BHC f o r m a t i o n by a c q u i r i n g Cee Bee Corporation, Prattville, Alabama, and i n d i r e c t l y a c q u i r i n g its subsi d i a r y bank, Cit i z e n s Bank, Prattville, Alabama. 01-18-92* Newspaper ♦Subject to P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t Ac t F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n f o r We e k E n d i n g D e c e m b e r 20. 1991 Section 3 - Applications Subject to Federal Register Notice Only Appl i c a t i o n Comment P e riod Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper No t i c e Applic a t i o n First Camden Bancshares, Inc. C a m d e n , Alabama To redeem 15.8 percent of its outstanding shares of common stock. SouthTrust Corporation, Inc. Birmingham, Alabama A l o n g with its second-tier subsidiary, SouthTrust of Florida, Inc., St. Petersburg, Florida, to mer g e First Federal Savings Bank, Marianna, Florida, w i t h and into SouthTrust of Florida's wholly-owned bank subsidiary, SouthTrust Bank of Pinellas County, St. Petersburg, Florida, pursuant to Section 5 ( d ) (3) of the Federal Deposit Insurance A c t as amended by FIRREA. Federal R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g D e c e m b e r 20. 1 991 Section 10 - Availability of CRA Public Evaluations The CRA p u blic evaluations of the insured depository institutions listed bel o w 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 i n s t i t u t i o n s '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 lowand m o derate-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 helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent w i t h 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 m e e t the credit needs of its entire d e lineated 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 h elping 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 Bank Rating Foxworth Bank Satisfactory Post Offi c e Box 106 Foxworth, Mississippi 39483 (601) 731-3020 ____ Date 09-16-91 F e d e ra l R eserve Bank o f C hicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Ta2§ Merger/ Branch Old Rent Bank and Trust Company Grand Rapids, Michigan Old Rent Bank of Lansing, N.A. Lansing, Michigan* N - 12-27-91 EFT Ccmerica Bank - Detroit Detroit, Michigan Chrysler Tech Center, 800 Chrysler Drive Auburn Hills, Michigan* N - 12-27-91 EFT Ccmerica Bank - Detroit Detroit, Michigan Volkswagen, 3800 Hamlin Road Auburn Hills, Michigan* N - 12-27-91 EFT Ccmerica Bank - Detroit Detroit, Michigan 36th District Court, 421 Madison Detroit, Michigan* N - 12-27-91 Type Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Application Ending Date Y-2 American Interstate Bancorporation, Inc. Council Bluff, Icwa American Interstate Bancorporation, Inc. Omaha, Nebraska Bank of Elkhom Elkhom, Nebraska* Y-2 First of America Bank Corporation FR - 12-17-91 Kalamazoo, Michigan N - 12-18-91 Security Bancorp, Inc. Southgate, Michigan Security Bank of Commerce, Hamtramck, Michigan Security Bank of Monroe, Monroe, Michigan Security Bank of Northeast, Richmond, Michigan Security Bank St. Clair Shores St. Clair Shores, Michigan Security Bank and Trust Company Southgate, Michigan* FR - 12-12-91 N - 12-28-91 F e d e ra l R eserve Bank o f C hicag o Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued^ Comment Period finding Date Type Application Y-l Qrangevillebancorp, Inc. Orangeville, Illinois Orangeville Community Bank Orangeville, Illinois* FR - 12-30-91 N - 12-9-91 CoC-HC Waterman Bancshares, Inc. Waterman, Illinois Wayne M. Miller & Robert Daniel FR - ** N - 12-30-91 Y-2 Associated Banc-Corp. Green Bay, Wisconsin Northeast Wisconsin Financial Services, Inc. Sturgeon Bay, Wisconsin First National Bank of Sturgeon Bay Sturgeon Bay, Wisconsin* FR - ** N - ** Y-l Bancentral Corporation Champaign, Illinois Singer & Associates, Inc. Mattoon, Illinois Central National Bank of Mattoon Mattoon, Illinois* FR - ** N - ** CoC-BK Kingston State Bank Kingston, Michigan Peter M. Mott FR - ** N - ** Section III - Applications Subject to Federal Register Notice Only Garment Period Type Application 4(c)(8) Ruth Bank Corporation Ruth, Michigan Purchase loans fran its subsidiary bank, Ruth State Bank Ruth, Michigan FR - 12-30-91 4(c)(8) The First National Carpary Storm Lake, Iowa To make and service loans pursuant to Section 225.25(b) of Regulation Y FR - ** 4(c)(8) Firstar Corporation Milwaukee, Wisconsin First Wisconsin Asset Management, Inc. Milwaukee, Wisconsin finding Date FR - ** F e d e ra l R eserve Bank o f C hicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Waterman Bancshares, Inc. Waterman, Illinois To redeem 7,000 shares of cannon stock N FR * ** - Newspaper Federal Register Subject to Provisions of Ccnnunity Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending December 20, 1991. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION -State Bank of Howards Grove 211 North Wisconsin Drive Howards Grove, Wisconsin 53083 EXAMINATION DATE 9/16/91 RATINGS S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING DECEMBER 20, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE A p p lic a tio n End o f Comment P erio d None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A p p lic a tio n End o f Comment P erio d * Section 3(a)(3) application by Old National Bancorp, Evansville, Indiana to acquire U.S.B. Corporation, Washington, Indiana Not yet available * Section 3(a)(3) application by Mercantile Bancorporation Inc., St. Louis, Missouri to acquire Ameribanc, Inc., St. Joseph, Missouri Not yet available * Section 3(a)(1) application by Mercantile Acquisition Corporation I, St. Louis, Missouri to acquire Ameribanc, Inc., St. Joseph, Missouri Not yet available * Section 3(a)(1) application by South Arkansas Bancshares, Inc., Pine Bluff, Arkansas to acquire Pine Bluff National Bank, Pine Bluff, Arkansas Not yet available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE A p p lic a tio n End o f Comment P e rio d Section 4(c)(8) applications by CBT Corporation, Paducah, Kentucky, Paducah Bank Shares, Inc., Paducah, Kentucky, and Peoples First Corporation, Paducah, Kentucky to engage in community development activities by becoming limited partners in First Park Partners, Paducah, Kentucky Not yet available* * Section 4(c)(8) application by Trans Financial Bancorp, Inc., Bowling Green, Kentucky to acquire Maury Federal Savings Bank, Columbia, Tennessee Not yet available Federal Reserve Bank of St. Louis * Section 4(c)(8) application by Trans Financial Bancorp, Inc., Bowling Green, Kentucky to acquire First Federal Savings Bank of Tennessee, Tullahoma, Tennessee Not yet available Section 4(c)(8) application by Mercantile Bancorporation Inc., St. Louis, Missouri and Mercantile Acquisition Corporation I, St. Louis, Missouri to engage in the reinsurance of credit life and accident and health insurance sold in connection with loans made by subsidiary banks through the acquisition of Ameribanc Life Insurance Company, Not yet available St. Joseph, Missouri SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERA REGISTER NOTICE OR NEWSPAPER NOTICE A p p lic a tio n End of Comment Period None. * This application is subject to CRA. FEDERAL RESERVE BANK OF S T . LO UIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f meeting community credit needs An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs An institution in this group needs to improve its overall record 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank None Bank Address December 20, 1991 Examination Date Examination Rating 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 Johnson Holdings, Inc. Isanti, MN To acquire 100% of East Central Holding Company, Isanti, MN* 12-27-91 (Federal Register) 1-6-92 (Newspaper) West River Holding Company, Inc. Hettinger, ND To acquire 100% of West River State Bank, Hettinger, ND* Terry Gerber and Franz Gerber To acquire control of 60% of Cameron Bancorp, Inc., Cameron, WI Not yet available Section III - Applications Subject to Federal Register Notice Only Application Johnson Holdings, Inc. Isanti, MN To engage in general insurance agency activities through the acquisition of Isanti Agency, Inc., Isanti, MN * Subject to CRA Comment Period Ending Date 12-27-91 F E D E R A L R E S E R V E BA N K OF M I N N E A P O L I S Section III - Applications Subject to Federal Register Notice Only Continued) ( Co m m e n t Period E n d i n g Date A p p lication M i d - W i sconsin Financial Services, Inc. Medford, WI To engage in general insurance agency activities through the indirect acqui sition of Mid-Wisconsin Insurance A g ency of Medford, Inc.; Mid-Wisconsin Insurance Agen c y of Colby, Inc.; and M id-Wisconsin Neillsville Ins., Inc. N o t yet available Section IV - Applications Not S ubject to Federal Register Notice or Newspaper N o t i c e A pplication Chisago Bancorporation, Inc. Chisago City, M N To r e deem 11.1% of its voting shares. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending December 20, 1991 ASSIGNMENT OF RATING Identification of Ratings In co n n e c t i o n with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: O U T S TANDING 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 c o n s istent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. A n institution in this group has a satisfactory record of a s c ertaining 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. A n institution in this group needs to improve its overall r e c o r d 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 M E ETING COMMUNITY CREDIT NEEDS. A n institution in this group has a substantially deficient r e cord 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 DATE OF EXAMINATION CRA R A T I N G R i d g e d a l e State Bank 1730 Plym o u t h Road Minnetonka, MN 55343 (612) 544-2444 September 3, 1991 Needs to improve C r o w Riv e r State Bank P. O. Box B2 Delano, M N 55328 September 9, 1991 Satisfactory Federal Reserve Bank of Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT T O BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Jerry G. Scott and James N. Wall, for prior approval to increase their proportionate ownership in Prague Bancorp, Inc., Ada, Oklahoma, from 24.737 percent to 25.269 percent. Not Available First Community Bancshares, Inc., Knob Noster, Missouri, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Sweet Springs Bancshares, Inc., Sweet Springs, Missouri, and 100 percent of the voting shares of Bancshares of Knob Noster Inc., Knob Noster, Missouri, and 100 percent of the voting shares of Ionia Bancshares, Inc., Windsor, Missouri.* Not Available Great Western Securities, Inc., Omaha, Nebraska, for prior approval to acquire 99.9 percent of the voting shares of The Bank of Bellevue, Bellevue, Nebraska.* Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REG I S T E R NOTICE ONLY APPLICATION First Community Bancshares, Inc., Knob Noster, Missouri, for prior approval to indirectly engage in insurance activities through its proposed acquisition of Bancshares of Knob Noster, Inc., Knob Noster, Missouri. COMMENT PERIOD ENDING DATE Not Available Federal Reserve Bank of Kansas City 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: O u t standing record of meeting community credit needs An institution in this group has an outstanding record of, and is a lender in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in an manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date CRA Public Date Uinta County State Bank 128 North Birch Street Mountain View, WY 9-16-91 12-19-91 CRA Rating Substantial noncampliance Federal Reserve Bank of Kansas City Union State Bank P.O. Box 560 Upton, WY* 9-23-91 *Application is subject to CRA. 12-16-91 Satisfactory FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 16, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Raymondville Bancorp, Inc., Raymondvilie, TX, to redeem 26,190 shares of its common stock * 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 MEEK OF DECEMBER 16, 1991 Outstanding record of meeting community credit needs. An institution in this group has an outstanding leader in, ascertaining and helping to meet the entire delineated community, including lowneighborhoods, in a manner consistent with capabi1ities. record of, and is a credit needs of its and moderate-income its resources and Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabliities. 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 Alief Alamo Bank 12300 Bellaire Blvd. P. 0. Box 721680 Houston, Texas 77272 09/23/91 Needs to Improve Citizens State Bank 501 Main St. P. 0. Box 430 Royse City, Texas 75089 09/16/91 Satisfactory Texas Coastal Bank 6731 Spencer Hwy. P. 0. Box 5626 Pasadena, Texas 77508 09/09/91 Substantial Noncompliance FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/20/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice BankAmerica Corporation ("BAC"), San Francisco, California, to acquire Security Paciific Corporation ("SPC"), Los Angeles, California, and thereafter merge SPC into BAC. * Newspaper: Fed. Reg.: 1/17/92 Not available Section III - Applications Subject to Federal Register Notice Only BankAmerica Corporation, San Francisco, California, to acquire the domestic nonbank subsidiaries of Security Pacific Corporation, Los Angeles, California. Fed. Reg.: Not available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None ♦Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd...) Week ending 12/20/91 Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Hamni Bank Penthouse Suite A 3660 Wilshire Boulevard Los Angeles, CA 90010 Tel: (213) 735-3737 1/09/91 Rating* Satisfactory * Under the rating system an institution's CRA performance is assigned one of the following four ratings: OUTSTANDING: An institution assigned this rating has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: An institution assigned this rating has a satisfactory record of ascertaining and meeting the credit needs of its delineated community. NEEDS TO IMPROVE: An institution assigned this rating needs to improve its overall record of ascertaining and meeting the credit needs of its delineated community. SUBSTANTIAL NONCOMPLIANCE: An institution assigned this rating has a substantially deficient record of ascertaining and meeting the credit needs of its delineated community.