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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1991, No. 52
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending December 28, 1991
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK MOLDING COMPANIEg
Chemical Banking Corporation, New York, New York —
petitions for reconsideration of BoardTs approval
of applications to acquire Manufacturers Hanover
Corporation.
Denied, December 23, 1991.
NCNB Corporation, Charlotte, North Carolina —
petitions for reconsideration of applications to
acquire C&S/Sovran Corporation, Atlanta, Georgia,
and Norfolk, Virginia.
Denied, December 24, 1991.
DISCOUNT RATES
Discount rates — decrease to 3-1/2 percent from 41/2 percent by the Federal Reserve Bank of St.
Louis, effective December 24, 1991.
Approved, December 23, 1991.
ENFORCEMENT
Bank of Ireland First Holdings, Inc., Manchester, New
Hampshire and the Governor and Company of the Bank
of Ireland, Dublin, Ireland — written agreement
dated December 19, 1991, with the Federal Reserve
Bank of Boston.
Announced, December 24, 1991.
First Prairie Bankshares, Inc., Georgetown,
Illinois — written agreement dated December 18,
1991, with the Federal Reserve Bank of Chicago.
Announced, December 27, 1991.
REGULATIONS AND POLICIES
Real estate appraisal standards for federally related
transactions — change of date for compliance with
appraisal standards to December 31, 1992 (Docket R0685).
Approved, December 26, 1991.
H.2
DECEMBER 23, 1991
PAGE 2
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Chicago
Comerica Bank - Detroit, Detroit, Michigan — to
establish a branch at One Detroit Center, 500
Woodward Avenue.
Approved, December 26, 1991.
Atlanta
Equitable Bank, North Miami Beach, Florida — to
establish a branch to be known as the Equitable
Bank Fort Lauderdale Banking Center, 612 S.E. 5th
Avenue, Fort Lauderdale, Florida.
Approved, December 26, 1991.
Cleveland
Fifth Third Bank, Cincinnati, Ohio — to establish
six customer-bank communication terminals.
Approved, December 26, 1991.
Cleveland
Fifth Third Bank of Columbus, Columbus, Ohio —
establish four customer-bank communication
terminals.
Approved, December 26, 1991.
Dallas
First State Bank of Mineral Wells, Mineral Wells,
Texas — to establish a branch at 402 E. Hubbard.
Approved, December 27, 1991.
Richmond
Virginia Bank and Trust Company, Danville, Virginia - to establish a branch at 55 North Main Street,
Chatham, Virginia.
Approved, December 24, 1991.
to
BANK HOLDING COMPANIES
Director, BS&R
BancFirst Corporation, Oklahoma City, Oklahoma
(formerly United Community Corporation) — relief
from commitments in connection with formation of
holding company, merger of affiliated banks, and
becoming a state member bank.
Granted, December 26, 1991.
Chicago
Chadwick Bancshares, Inc., Chadwick, Illinois — to
acquire Miles Service Corporation, Miles, Iowa, and
Miles Savings Bank.
Approved, December 26, 1991.
H.2
DECEMBER 23, 1991
PAGE 3
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
Crosswhite Bankshares, Inc., Denver, Colorado — to
acquire Cripple Creek Bancorporation, Inc., Cripple
Creek, Colorado.
Approved, December 27, 1991 .
San Francisco
CVB Financial Corp., Ontario, California — to engage
de novo in data processing activities through
Premier Results, Inc., Anaheim, California.
Permitted, December 27, 1991.
Director, BS&R
Deposit Guaranty Corporation, Jackson, Mississippi —
modification of commitment made in conjunction with
acquisition of Commercial National Corporation,
Shreveport, Louisiana.
Granted, December 26, 1991 .
Secretary
First of America Bank Corporation, Kalamazoo,
Michigan — to acquire Champion Federal Savings and
Loan Association, Bloomington, Illinois, and to
engage in data processing, insurance agency,
underwriting for credit related insurance, and
securities brokerage activities through Champion.
Approved, December 26, 1991.
Dallas
Flatonia Bancshares, Inc., Flatonia, Texas — to
acquire Flatonia Bancshares - Delaware, Inc.,
Wilmington, Delaware, and Flatonia State Bank,
Flatonia, Texas.
Approved, December 23, 1991.
Dallas
Flatonia Bancshares - Delaware, Inc., Wilmington,
Delaware — to acquire Flatonia State Bank,
Flatonia, Texas.
Approved, December 23, 1991 .
S t . Louis
Independent Bancshares, Inc., New Washington, Indiana
— to acquire New Washington State Bank.
Returned, December 23, 1991.
Kansas City
Kansas Bank Corporation, Liberal, Kansas — to
acquire Syracuse Financial Company, Syracuse,
Kansas.
Approved, December 26, 1991.
H .2
DECEMBER 23, 1991
PAGE 4
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
New York
State Bancorp, Inc., New Hyde Park, New York — to
acquire State Bancorp Interim Savings Bank F.S.B.,
which was formed to acquire the assets and
liabilities of the Jericho and Oyster Bay, New
York, branch of Anchor Savings Bank, FSB, Hewlett,
New York.
Approved, December 27, 1991.
Chicago
Van Diest Investment Company, Ankeny, Iowa (formerly
Ankeny Investment C o .) — to acquire The Altoona
State Bank, Altoona, Iowa.
Approved, December 27, 1991.
BANK MERGERS
Chicago
First of America Bank - Ann Arbor, Ann Arbor,
Michigan — to merge with First of America Bank Livingston, Howell, Michigan, and to establish
branches.
Returned, December 26, 1991.
Chicago
Old Kent Bank - Chicago, Chicago, Illinois — to
merge with Old Kent Bank N.A., Elmhurst, Illinois,
and to establish branches in Winfield; Naperville;
Wheaton; Clarendon Hills; St. Charles; Rolling
Meadows; Itasca; and Westmont, Illinois.
Approved, December 24, 1991.
BANK PREMISES
Richmond
Bank of Ripley, Ripley, West Virginia —
in bank premises.
Approved, December 27, 1991.
investment
Kansas City
Citizens Bank of Edmond, Edmond, Oklahoma —
investment in bank premises.
Approved, December 23, 1991.
Chicago
Comerica Bank - Detroit, Detroit, Michigan —
investment in bank premises.
Approved, December 26, 1991.
H.2
DECEMBER 23, 1991
PAGE 5
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS, STATE MEMBER
Kansas City
First Nebraska Bank, Valley, Nebraska —
dividend.
Approved, December 27, 1991.
S t . Louis
State Bank of Breese, Breese, Illinois —
a dividend.
Approved, December 24, 1991.
payment of a
payment of
CAPITAL STOCK
Kansas City
Financial Security Corporation, Basin, Wyoming —
redemption of shares.
Approved, December 23, 1991.
S t . Louis
Lonoke Bancshares, Inc., Lonoke, Arkansas —
redemption of shares.
Approved, December 23, 1991.
CHANGE IN BANK CONTROL
Chicago
Buckley Bancorp, Inc., Buckley, Illinois —
bank control.
Permitted, December 23, 1991 .
change in
Minneapolis
Canton Bancshares, Inc., Canton, South Dakota —
change in bank control.
Permitted, December 27, 1991.
Chicago
Findlay Bancshares, Inc., Findlay, Illinois —
in bank control.
Returned, December 24, 1991.
Cleveland
First and Farmers Bancshares, Inc., Somerset,
Kentucky — change in bank control.
Permitted, December 27, 1991.
Chicago
Green Belt Bancorporation, Iowa Falls, Iowa —
in bank control.
Permitted, December 23, 1991.
Dallas
North American Bancshares, Inc., Sherman, Texas —
change in bank control.
Permitted, December 27, 1991.
change
change
H.2
DECEMBER 23, 1991
PAGE 6
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Capital Bank, Miami, Florida, proposed purchase of
certain assets and assumption of certain
liabilities of the Deerfield Beach branch of
Consolidated Bank, N.A., Hialeah, Florida — report
on competitive factors.
Submitted, December 23, 1991.
Atlanta
Commercial Bank of Georgia, Atlanta, Georgia,
proposed acquisition of the office at 3361
Clairmont Road of First American Bank of Georgia,
N.A., Atlanta, Georgia — report on competitive
factors.
Submitted, December 23, 1991 .
S t . Louis
First Bank, Havana, Illinois, proposed merger with
First Bank, Chester, Illinois — report on
competitive factors.
Submitted, December 24, 1991.
Atlanta
Intercontinental Bank, Miami, Florida, proposed
purchase of certain assets and assumption of
certain liabilities of four branches of North Ridge
Bank, Oakland Park, Florida — report on
competitive factors.
Submitted, December 23, 1991.
San Francisco
Sacramento Savings Bank, Sacramento, California,
proposed purchase of assets and assumption of
liabilities of the Point West and Fair Oaks branch
of California Federal Bank, Los Angeles, California
— report on competitive factors.
Submitted, December 26, 1991.
ENFORCEMENT
Secretary
BCCI Holdings (Luxembourg) S.A., Luxembourg, Bank of
Credit and Commerce International S.A., and related
companies — extension to January 3, 1992, to take
certain actions regarding notice of charges
concerning Kamal Adham and Sayed Jawhary.
Approved, December 23, 1991.
H .2
DECEMBER 23, 1991
PAGE 7
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
San Francisco
BankAmerica Corporation, San Francisco, California extension to divest certain property.
Granted, December 24, 1991.
Minneapolis
First Manistique Corporation, Manistique, Michigan extension to March 25, 1992, to engage de novo in
collecting overdue commercial and retail accounts.
Granted, December 26, 1991.
San Francisco
Zions Bancorporation, Salt Lake City, Utah —
extensions to divest certain properties.
Granted, December 23, 1991.
INTERNATIONAL OPERATIONS
Director, BS&R
Mellon Bank, N.A., Pittsburgh, Pennsylvania — to
invest in R - M Trust Company, Toronto, Canada.
Permitted, December 26, 1991.
Richmond
NCNB International Bank, New York, New York —
amendment of Articles of Association to change its
name to NationsBank International.
Approved, December 26, 1991.
REGULATIONS AND POLICIES
Director, C&CA
Regulation B — revision to the official staff
commentary concerning data collection on loan
applications received by creditors through brokers
or other persons.
Proposed, December 23, 1991.
Secretary
Rules Regarding Delegation of Authority —
amendments (Docket R-0731).
Approved, December 23, 1991.
technical
H .2
ADDITIONS AND CORRECTIONS
DECEMBER 23, 1991
PAGE 8
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Prudential Insurance Company of America, Newark, New
Jersey — request for exemption under section 23A
of the Federal Reserve Act for transactions between
The Prudential Bank and Trust Company, Atlanta,
Georgia, and The Prudential Savings Bank,
Cartersville, Georgia.
Granted, December 20, 1991.
CHANGE IN BANK CONTROL
Laredo National Bancshares, Laredo, Texas —
in bank control.
Permitted, December 20, 1991.
change
ENFORCEMENT
Ljubljanska Banka, d.d., Ljublijana, Yugoslavia —
cease and desist order.
Authorized, December 20, 1991.
GENERAL ACCOUNTING OFFICE
Financial Institutions: Time Limits on Holding
Deposits Generally Met But More Oversight Needed —
letter concerning final report of the General
Accounting Office.
Approved, December 5, 1991.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES, DOMESTIC
Atlanta
Sovran Bank / Tennessee, Nashville, Tennessee — to
establish a full-service Automated Teller Machine
at the University of Tennessee at Knoxville, at the
ATM Center, Stadium Drive, Knoxville, Tennessee.
Approved, December 20, 1991.
H.2
DECEMBER 23, 1991
PAGE 9
ADDITIONS AND CORRECTIONS
TO
DECEMBER 27, 1991
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
GC
H.F. Ahmanson and Company, Los Angeles, California —
request for exemption from section 23A of the
Federal Reserve Act for proposed merger of Bowery
Savings Bank, New York, New York, and the Home
Savings Bank, Bayside, New York.
Granted, December 20, 1991.
COMPETITIVE FACTORS REPORTS
Cleveland
Marine Bank, Warren, Pennsylvania, proposed merger
with 1st National Bank of Pennsylvania — report on
compet it ive factors.
Submitted, December 17, 1991.
Atlanta
SouthTrust Bank of Calhoun County, N.A., Anniston,
Alabama, proposed merger with SouthTrust Bank of
Cleburne County, N.A., Heflin, Alabama — report on
compet it ive factors.
Submitted, December 20, 1991.
Atlanta
Summit Bank Corporation, Atlanta, Georgia, proposed
acquisition of the Doraville, Georgia, branch of
Tucker Federal Savings and Loan Association,
Tucker, Georgia, 5424 Buford Highway — report on
competitive factors.
Submitted, December 20, 1991.
FED ER A L R ESER VE BANK OF BOSTON A P P L IC A T IO N S
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
MASSBANK, Corp., Reading,
Massachusetts - 3 (a) (1)
application to become a
bank holding companythrough the retention
of MASSBANK for Savings,
Reading, Massachusetts
Newspaper
01-18-92
Federal Register Not Yet Published
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
NONE
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
______ Notice Only______
Chemung Canal Trust Company, Elmira, New York to establish
an offsite electronic facility at Hardinge Bros., Inc., 3575 Upper
Oakwood Avenue, Town of Horseheads, New Y o rk .l/
1/16/92
SECTION li
Applications Subject to Both
Newspaper and Federal Register Notice
Village Financial Services, Ltd., Port Chester, New York to acquire
Sentry Savings & Loan Association, Stamford, Connecticut and to
merge Sentry Savings & Loan Association into Village Bank of
Connecticut, Stamford, Connecticut, a de novo subsidiary of Village
Financial Services, L td .l/
None.
1/27/92 3 /
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
Public Comment
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution’s
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
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 28. 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
F E D E R A L R E S E R V E B A N K OF P H I L A D E L P H I A
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Premier Bank (in organization), Dovlestown, PA
to become a member of the Federal Reserve System,
pursuant to Section 9 of the Federal Reserve Act.
1/19/92
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 RESE R V E 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 27, 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 in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
Glendale Bank of Pennsylvania
230 South Broad Street
Philadelphia, PA 19102
(215) 875-4900
Examination Date
6/30/91
CRA Rating
Satisfactory
F e d e r a l R e s e r v e B a n k of C l e v e l a n d
Applications Bulletin
For Week Ending December 28, 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 D ecember 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 e s t a b l i s h a branch at W a l - M a r t
outlet #1, S.R. 83 and U.S. 92, Millersburg, Ohio.
* 1/18/92
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
R e c e i v e d S ection 3(a)(1) and Section 3(a)(3)
a p p l i c a t i o n s 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 acquire
M e r c h a n t s Nat i o n a l Corporation, Indianapolis,
Indiana.
R e c e i v e d S ection 3 ( a ) (1) appl i c a t i o n on
Dece m b e r 24, 1991, from M a h o n i n g National
Bancorp, Inc., Youngstown, Ohio, to acquire
the M a h o n i n g N a t i o n a l Bank of Youngstown,
Youngstown, Ohio.
* 1/21/92
* 1/23/92
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
R e c e i v e d S e c t i o n 4 ( c ) (8) a p p lication on
Dec e m b e r 16, 1991, from National 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 ection 4 ( c ) (8) a p p lication on
Dec e m b e r 20, 1991, from N ational City
Corporation, Cleveland, Ohio, to acquire the
n o n - b a n k s u b s i d i a r i e s of M e r c h a n t s Natio n a l
Corporation, Indianapolis, Indiana.
Not Yet K n o w n #
*
N
F
#
-
S u bject to CRA
N e w s p a p e r C omment Period
Federal R e g i s t e r C o mment Period
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 the
d a t e of r e c e i p t of the application.
F e d e ra l
R e s e rv e
Bank
of
C le v e la n d
Applications Bulletin
For Week Ending December 28, 1991
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER NOTICE
NON E *
*
N
F
#
-
S ubject to CRA
N e w s p a p e r C o mment Period
F ederal R e g i s t e r C omment Period
E x p e c t e d to end approxi m a t e l y 30 days f r o m the
d a t e of r e c e i p t of the application.
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
First Community Bank, Inc., Princeton,
West Virginia, to operate an electronic
funds transfer facility at 3425 East
Cumberland Road, Bluefield, West Virginia.*
1-13-92
The George Mason Bank, Fairfax,
Virginia, to establish a branch
at 1320 Old Chain Bridge Road,
McLean, Virginia.*
1-25-92
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Triangle Bancorp, Inc., Raleigh,
North Carolina, to become a bank
holding company through the acquisition
of Triangle Bank and Tiust Company,
Raleigh, North Carolina.*
1-24-92
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None.
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.*
*Application is subject to CRA.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending December 27, 1991
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate -income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date____
None.
Rating
A p p lic a tio n s
F e d e r a l R e s e rv e B ank o f A t la n t a
B u l l e t i n f o r W eek E n d in g D e c e m b e r
27.
1991
S e c t i o n 1 - A p p l i c a t i o n s S u bject to N e w s p a p e r N o t i c e Only
Application
C o m m e n t P e r i o d Endi n g Date
None.
Se c t i o n 2 - A p p l i c a t i o n s S u b j e c t To B oth
N e w s p a p e r and F e d e r a l R e g i s t e r N o t i c e
Application
C o m m e n t P e r i o d E n d i n g Date
NGLC,
Inc.
Miami, Flor i d a
1-BHC formation, P eoples Nationail B a n k of
Commerce, Miami, Florida.
N o t y e t avail a b l e *
Se c t i o n 3 - A p p l i c a t i o n s S u bject to Federal
R e g i s t e r N o t i c e Onl y
Application
Cnimmapt P e r i o d E n ding Dat e
None.
S e c t i o n 4 - A p p l i c a t i o n s N o t Su b j e c t to
F e deral R e g i s t e r N o t i c e or N e w s p a p e r No t i c e
Application
B a r n e t t T e chnologies, Inc.
Jacksonville, Flor i d a
To a c q u i r e CSX Co m m e r c i a l Services, Inc.,
Jacksonville, Florida, and enga g e in
m a k i n g a nd s e r v i c i n g loans, data processing,
and inv e s t m e n t a d v i s o r y activities, p u r s u a n t
to Se c t i o n 4(f) of the Bank Service
C o r p o r a t i o n Act.
♦Su b j e c t to Pr 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 A c t
A p p lic a tio n s
F e d e r a l R e s e rv e B ank o f A t la n t a
B u l l e t i n f o r W eek E n d in g D e c e m b e r
27,
1991
S e c t i o n 10 - A v a i l a b i l i t y of CRA P u b l i c E v a l u a t i o n s
The CRA p u b l i c e v a l u a t i o n s of the insured d e p o s i t o r y inst i t u t i o n s
list e d b e l o w b e c a m e a v a i l a b l e d u r i n g this week.
I n f o r m a t i o n about
an i n s t i t u t i o n ' s CRA e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y 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 r a t i n g is a s s i g n e d from the
f o l l o w i n g groups:
Outstanding
record of meeting community credit needs:
An
i n s t i t u t i o n has an o u t s t a n d i n g r e c o r d of, and is a leader in,
a s c e r t a i n i n g and h e l p i n g to m e e t the c r edit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods,
in a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s and
capabilities.
S a tis f a c to r y re c o rd o f m eetin g community c r e d i t n ee d s:
An
i n s t i t u t i o n has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g and h e l p i n g
to m e e t t h e c r e d i t n e e d s of i.ts 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 neighborhoods,
in a m a n n e r
c o n s i s t e n t w i t h its resou r c e s a m d capabilities.
Needs to improve record of meeting community credit needs:
An
i n s t i t u t i o n needs tp improve i t « overall reco r d of a s c e r t a i n i n g and
helping
to m e e t
the
credit
needs
of
its
e n tire
delineated
community, i n c l u d i n g low- §nd m o d e r a t e - i n c o m e n eighborhoods, in a
m a n n e r c o n s i s t e n t w i t h its refsources and capabilities.
Substantial non-compliance in meeting community credit needs:
An
i n s t i t u t i o n h ^ 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 a s c e r t a i n i n g
and h e l p i n g to meet the c r e d i t needs of its e n tire d e l i n e a t e d
community, inclu d i n g low- and m o d e r a t e - i n c o m e neighborhoods, in a
m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s and capabilities.
Examination
B^nk
None.
Rating
Dat e
F e d e ra l R eserve Bank o f C hicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Application
Ending Date
Type
Merger/
Branch
Sanilac County Bank
Deckerville, Michigan
State Bank of Croswell
Croswell, Michigan
65 N. Howard, Croswell, Michigan*
N
- 10-25-91
Branches
Sanilac County Bank
Deckerville, Michigan
Burtchville Tcwnship, Michigan
Croswell, Michigan
Detroit, Michigan
Lakeport, Michigan
Lexington, Michigan
5200 E. Peck Road
Crosvrell, Michigan*
N
- 10-25-91
Branch
Comerica Bank - Detroit
Detroit, Michigan
Northeast Co m e r of Grand River and
Grand Oaks
Genoa Tcwnship, Michigan*
N
- **
Branch/24A
Canerica Bank - Detroit
Detroit, Michigan
Southeast C o m e r of Dequindre and
12 Mile Road
Warren, Michigan*
N
- **
Branch
First Source Bank
South Bend, Indiana
2020 E. Bristol Street
Elkhart, Indiana*
N
- **
Type
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Application
Ending nate
Y-l
Nichols Bancorp, Inc.
Nichols, Wisconsin
State Bank of Nichols
Nichols, Wisconsin*
FR - 9-27-91
N - 1-15-92
Y-2
Independence Bancshares, Inc.
Independence, Iowa
First State Bancorporation
Fredericksburg, Iowa
Northeast Icwa National Bank
Sumner, Iowa*
FR - 12-31-91
N - **
F e d e ra l Reserve Bank o f C hicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued'i
Content Period
Application
Ending natg
Y-l
Pyramid Bancorp, Inc.
Grafton, Wisconsin
Grafton State Bank
Grafton, Wisconsin*
FR - 12-24-91
N - 11-30-91
Y-l
Dixon Bancshares, Inc.
Rolfe, Iowa
Rolfe State Bank
Rolfe, Icwa
Citizens State Bank
Sheldon, Iowa*
FR - **
N - **
Y-2
Sandwich Banco, Inc.
De Kalb, Illinois
B.O.Y. Bancorp, Inc.
Yorkville, Illinois
The Bank of Yorkville
Yorkville, Illinois*
FR - **
N - 1-20-92
Section III - Applications Subject tu Federal Register
Notice Only
Type
Application
Comment Period
Ending nate
Y-4
Valley Bancorporation
Appleton, Wisconsin
United Savings Bank loan Association
Sheboygan, Wisconsin
FR - **
4(c)(8)
Bank of Montreal
Montreal, Canada
Harris Investors Direct, Inc.
Chicago, Illinois
FR - **
4(c)(8)
Bankmont Financial Gorp.
New York, New York
Harris Investors Direct, Inc.
Chicago, Illinois
FR - **
4(c)(8)
Harris Bankcorp, Ire.
Chicago, Illinois
Harris Investors Direct, Inc.
Chicago, Illinois
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
None
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Canmunity 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 27, 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
-Villa Grove State Bank
10 North Main Street
Villa Grove, Illinois
EXAMINATION DATE
61956
RATINGS
9/03/91
NI
-Bank One, Sturgis
809 West Chicago Road
Sturgis, Michigan
49091
9/09/91
S
-Bank of Pontiac
300 West Washington Street
Pontiac, Illinois
61764
9/09/91
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING DECEMBER 27, 1991
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 3(a)(1) application by Golden Financial
Corporation, Elizabethtown, Kentucky to acquire
Fort Knox National Bank, Radcliff, Kentucky
Not yet available
Section 3(a)(3) application by First Banks, Inc.,
St. Louis, Missouri to acquire WIN Bancorp, Inc.,
Winchester, Illinois
Not yet available
Change in control notification involving Central
Arkansas Bancshares, Inc., Malvern, Arkansas by
Ross M. Whipple
Not yet available
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
This application is subject to CRA.
FEDERAL RESERVE BANK OF S T . LOUIS
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 of 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 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
An institution in this group needs to improve its overall record o f 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 o f ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
First Exchange Bank
of Cape Girardeau
December 27, 1991
Bank Address
Examination
Date
P. 0. Box 1590
Cape Girardeau, Mo. 63702
9-23-91
Examination
Rating
Satisfactory
F E D E R A L R E S E R V E B A N K OF M I N N E A P O L I S
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
C o mment Period
E n ding Date
Application
Terry Gerber and Franz Gerber
To acquire control of 60% of
Cameron Bancorp, Inc., Cameron,
1-16-92
(Federal Register)
WI
Community First Bankshares, Inc.
F a r g o , ND
To acquire 100% of First Interstate
of North Dakota, Inc.
Fargo, ND*
Not yet available
Section III - Applications Subject
to Federal Register Notice Only
Application
M id-Wisconsin 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, I n c . ; Mid-Wisconsin
Insurance Agency of Colby, I n c . ; and
Mid-Wis consin Neillsville Ins., Inc.
* Subject to CRA
Comment Period
Ending Date
1-9-92
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Ap p l i c a t i o n
None.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending December 27, 1991
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured d e pository
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 r e cord of,
and is a leader in, ascertaining and helping to m e e t the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a m a n n e r
consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory r e cord 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
DATE OF EXAMINATION
Ravalli County Bank
P. O. Box 113
Hamilton, MT 59840
(406) 363-1222
September 27, 1991
Satisfactory
Pioneer Bank & Trust
P. O. Box 729
Belle Fourche, SD 57717
September 16, 1991
Satisfactory
CRA RATING
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
Jefferson Bank & Trust, Lakewood,
Colorado, for prior approval to
establish a branch at 131 Gregory
Street, Hawk, Colorado.
Not Available
Rio Blanco State Bank, Rangely,
Colorado, for prior approval to merge
certain assets and liabilities of
Bank of Rangely, Rangely, Colorado.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
KLT Bancshares, Inc., Farley,
Missouri, for prior approval to
become a bank holding company through
the acquisition of 100 percent of the
voting shares of Farley Bancshares,
Inc., Farley, Missouri.*
Not Available
Tulsa Valley Bancshares Corporation,
Tulsa, Oklahoma, for prior approval
to become a bank holding company
through the acquisition of 80.76
percent of the voting shares of
Valley National Bank, Tulsa,
Oklahoma.*
Not Available
North Platte Corporation, Torrington,
Wyoming, for prior approval to
acquire 100 percent of the voting
shares of the Worland Holding
Company, Worland, Wyoming, parent of
First National Bank of Worland,
Worland, Wyoming.*
Not Available
Rio Blanco Holding Company, Rangely,
Colorado, for prior approval to
become a bank holding company through
the acquisition of 90.7 percent of
the voting shares of Rio Blanco State
Bank, Rangely, Colorado.*
Not Available
Federal Reserve Bank of Kansas City
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
COMMENT PERIOD ENDING DATE
The Scott Stuart Family Partnership,
Lincoln, Nebraska, for prior approval
to redeem 611,294 Class B Partnership
Units.
Not Available
The James Stuart, Jr. Family
Partnership, Lincoln, Nebraska, for
prior approval to redeem 358,555
Class B Partnership Units.
Not Available
The Catherine Stuart Schomoker Family
Partnership, Lincoln, Nebraska, for
prior approval to redeem 611,294
Class B Partnership Units.
Not Available
Stuart Family Partnership, Lincoln,
Nebraska, for prior approval to
redeem 1,581,143 Class B Partnership
Units.
Not Available
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community 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.
Federal Reserve Bank of Kansas City
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.*
CRA
Rating
Bank/Location
Exam Date
CRA Public
Date
Fidelity State Bank
& Trust
P.0. Box 1120
Dodge City, KS 67801-1120
9-30-91
12-23-91
Outstanding
Century Bank of Sterling
P.O. Box 1688
Sterling, CO 80751-1688
9-23-91
12-23-91
Satisfactory
St. Marys State Bank
P.O. Box 188
St. Marys, KS 66536-0188
9-30-91
12-23-91
Satisfactory
Farmers State Bank
103 East Third
Pine Bluffs, WY 82082
10-7-91
12-24-91
Satisfactory
*Application is subject to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 23, 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*
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 23, 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
capabilities.
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
None.
Date of
Examination
CRA Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS APPROVED DURING THE WEEK OF DECEMBER 23, 1991
APPLICATION
DATE
Section 3(a)(1) application by
Flatonia Bancshares, Inc., Flatonia, TX, to acquire
Flatonia Bancshares-Delaware, Inc., Wilmington, DE, and
Flatonia State Bank, Flatonia, TX
12/23/91
Section 3(a)(1) application by
Flatonia Bancshares-Delaware, Inc., Wilmington, DE, to
Cl
a -fz -N tn -i a
Cf afft
i
i u. u u i i i u.
Cl
I IU
*■» TV
IA
C.UI I I U )
Change in Control Notice by
Lacy J. Harber, Denison, TX, to acquire an interest in
North American Bancshares, Sherman, TX
12/27/91
Section 9 application by
First State Bank of Mineral Wells, Mineral Wells, TX,
to establish a branch facility to be located at 402 E.
Hubbard, Mineral Wells, TX
12/27/91
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 12/27/91
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:
1/17/92
Fed. Reg.:
1/30/92
Continental Bancorporation, Las Vegas, Nevada,
to become a bank holding compny by acquiring
Continental National Bank, Las Vegas, Nevada. *
Newspaper:
Not available
Fed. Reg.:
1/27/92
Puget Sound Bancorp, Tacoma, Washington, to
acquire Northwestern National Bank, Port
Angeles, Washington. *
Newspaper:
1/22/92
Fed. Reg.:
1/24/92
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.:
1/30/92
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
♦Subject to CRA
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd...)
Week ending 12/27/91
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
Rating*
None
* 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.
@FedFRASER