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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1995, No. 49 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending December 9, 1995 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Daiwa Bank, Ltd., Osaka, Japan, and Daiwa Bank Limited, New York Branch -- statement by Chairman Greenspan before the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Banking and Financial Services, December 5, 1995. Published, December 5, 1995. BANK HOLDING COMPANIES Berens Corporation, Houston, Texas, and Berens Delaware, Wilmington, Delaware -- to acquire First National Bank of Dayton, Dayton, Texas, and to engage in mortgage and commercial finance and equipment leasing activities through Berens Credit Corporation, Houston, Texas. Denied, December 4, 1995. NationsBank Corporation, Charlotte, North Carolina, and NB Holdings Corporation -- to acquire North Florida Bank Corporation, Madison, Florida, and Bank of Madison County, National Association. Approved, December 6, 1995. Wellington State Bank, Wellington, Texas -- to acquire two branches of Bank of America Texas, N.A., Irving, Texas, and to establish branches at their locations. Approved, December 6, 1995. BOARD OPERATIONS Budget for 1996. Approved, December 6, 1995. Office of Inspector General -- budget for 1996. Approved, December 6, 1995. H.2 DECEMBER 4, 1995 PAGE 2 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE BOARD OF GOVERNORS U miA X i m AND P&LJglES Community Reinvestment Act -- release during the week of December 17, 1995, of list of institutions scheduled for GRA examinations during the first quarter of 1996. Announced, December 4, 1995. Farm Credit Act -- letter to the Farm Credit Administration expressing no objection to proposed amendments to FCAvs regulations. Approved, December 8, 1995. Regulation U -- publication for comment of amendments concerning banks financing margin stock, withdrawals and substitutions involving margin stock, and amendments to conform Regulation U to recently proposed changes for Regulation T (Docket R-0905). Approved, December 6, 1995. 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 Kansas City BancFirst, Oklahoma City, Oklahoma -- to establish additional branches in Oklahoma City. Approved, December 5, 1995. Kansas City Bank of Holden, Holden, Missouri - - t o establish a branch at the intersection of Missouri Highway 13 and Highway D, Warrensburg, Missouri. Approved, December *4, 1995. Chicago Citizens Bank and Trust Company, Belle Plaine, Iowa - to establish a branch at 706-12th Street. Approved, December 8, 1995. H.2 DECEMBER 4, 1995 PAGE 3 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Chicago First Farmers Bank & Trust Company, Converse, Indiana -- to establish a branch at 10077 North State Road 37, Elmwood, Indiana. Approved, December 4, 1995. Atlanta First Southern Bank, Boca Raton, Florida -- to establish a branch at 1750 University Drive, Coral Springs, Florida. Approved, December 8, 1995. Richmond First Virginia Bank-Commonwealth, Grafton, Virginia - to establish a branch in Patrick Henry Mall, 12300 Jefferson Avenue, Newport News, Virginia. Approved, December 8, 1995. Chicago M&I Central State Bank, Oshkosh, Wisconsin -- to establish a branch at 33 West Pioneer Road, Fond du Lac, Wisconsin. Approved, December 7, 1995. BANK HOLDING COMPANIES St. Louis Arkansas National Bancshares, Inc., Bentonville, Arkansas -- to acquire Arkansas National Bank. Approved, December 5, 1995. Kansas City Armstrong Bancshares, Inc., Vian, Oklahoma -- to acquire Vian State Bank. Approved, December 6, 1995. Chicago Bridgeview Bancorp, Inc., Bridgeview, Illinois -request for waiver of application to acquire DuPage Valley State Bank, Woodbridge Illinois. Approved, December 6, 1995. San Francisco California Community Bancshares Corporation, Vacaville, California -- to become a bank holding company through the reorganization of Continental Pacific Bank. Returned, December 4, 1995. H.2 DECEMBER 4, 1995 PAGE 4 TO DECEMBER 8, 1995 ACTZONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Chaparral Bancshares, Inc., Richardson, Texas -- to acquire Chaparral Delaware Bancshares, Inc., Dover, Delaware, and Canyon Creek National Bank, Richardson, Texas. Approved, December 8, 1995. Dallas Chaparral Delaware Bancshares, Inc., Dover, Delaware -- to acquire Canyon Creek National Bank, Richardson, Texas. Approved, December 8, 1995. Director, BS&R Citizens Financial Corporation, Elkins, West Virginia -- registration as transfer agent. Approved, December 5, 1995. San Francisco City National Corporation, Beverly Hills, California -- request for waiver of application to acquire First Los Angeles Bank, Los Angeles, California. Approved, December 8, 1995. Chicago Dentel Bancorporation, Victor, Iowa -- to acquire Corydon Bancorporation, Corydon, Iowa, and Corydon State Bank. Approved, December 6, 1995. Minneapolis Farmers & Merchants Financial Services, Inc., St. Paul, Minnesota -- to acquire Farmers State Bank of Huntley, Huntley, Minnesota. Approved, December 7, 1995. Richmond First Charter Corporation, Concord, North Carolina -to acquire Bank of Union, Monroe, North Carolina. Approved, December 4, 1995. Atlanta FirstFed Bancorp, Bessemer, Alabama -- to acquire First State Bank of Bibb County, West Blocton, Alabama. Approved, December 7, 1995. Atlanta FirstFed Bancorp, Inc., Bessemer, Alabama -- to engage in operating a savings association through First Federal Savings Bank. Approved, December 8, 1995. H .2 DECEMBER PAGE 5 1995 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City FSCBancshares, Inc., Cameron, Missouri -- to acquire Farmers and Valley Bank, Tarkio Missouri. Approved, December 5, 1995. Chicago Guaranty Bankshares, Ltd., Cedar Rapids, Iowa -- to engage de novo in lending activities. Permitted, December 5, 1995. Philadelphia Harleysville National Corporation, Harleysville, Pennsylvania -- request for waiver of application to acquire Farmers & Merchants Bank, Honesdale, Pennsylvania, and the merger of Farmers & Merchants with National Bank of Lansford, Lansford, Pennsylvania. Approved, December 7, 1995. Director, BS&R HSBC Holdings p .c ., London, England, HSBC Holdings B.V., Amsterdam, The Netherlands; and HSBC Americas, Inc., Buffalo, New York -- request for relief from certain reporting and other requirements concerning the issuance and sale of payment instruments through Marine Midland Payment Services, Inc. Granted, December *4, 1995. Secretary Keystone Financial, Inc., Harrisburg, Pennsylvania -waiver of an application to acquire National American Bancorp, Towanda, Pennsylvania. Approved, December 6, 1995. Kansas City Mackey BanCo, Inc., Ansley, Nebraska -- to acquire Security State Bank. Approved, December 4, 1995. Kansas City Metropolitan Bancshares, Inc., Aurora, Colorado -- to acquire Wally Bancorp, Inc., Parker, Colorado. Approved, December 4, 1995. Dallas New Galveston Company, Wilmington, Delaware -- to merge with S.B.T. Bancshares, Inc., San Marcos, Texas. Approved, December 8, 1995. H.2 DECEMBER 4, 1995 PAGE 6 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Newell Bancshares, Inc., Newell, Iowa -- to acquire First Community Bank. Returned, December 7, 1995. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to acquire Irene Bancorporation, Inc., Sioux Falls, South Dakota. Approved, December 5, 1995. Minneapolis Omega City Holding Company, La Moure, North Dakota -to acquire Marion Bank Holding Company, Marion, North Dakota. Approved, December 6, 1995. Director, BS&R PNC Securities Corp, Pittsburgh, Pennsylvania -request for relief from commitment to permit an officer interlock between PNC's section 20 subsidiary, PNC Securities Corp and PNC Bank, N.A. Granted, December 4, 1995. Atlanta Quantum Capital Corp., Suwanee, Georgia -- to acquire Quantum National Bank. Approved, December 6, 1995. Dallas S.B.T. Bancshares, Inc., San Marcos, Texas - - t o acquire State Bank and Trust Company. Approved, December 8, 1995. Richmond Summit Financial Corporation, Greenville, South Carolina -- to acquire the assets of Domestic Loans, Inc., Manning, South Carolina, and A+ Loans, Inc . Approved, December 8, 1995. New York Tompkins County Trustco, Inc., Ithaca, New York -- to acquire Tompkins County Trust Company. Approved, December 8, 1995. San Francisco Wells Fargo & Company, San Francisco, California -request for relief from commitments made by Wells Fargo Bank, N.A., in a joint venture with The Nikko Securities Co., Ltd. Returned, December 6, 1995. H.2 DECEMBER 9, 1995 PAGE 7 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Director, BS&R West Milton Bancorp, Inc., West Milton, Pennsylvania -- registration as transfer agent Approved, December 8, 1995. BANK MERGERS Kansas City BancFirst, Oklahoma City, Oklahoma -- to merge with City Bank & Trust Company, and to establish branches. Approved, December 5, 1995. BANK PREMISES Kansas City Citizens Bank, Lawton, Oklahoma -- investment in bank premises. Approved, December 8, 1995. BANKS. STATE MEMBER Director, BS&R Bank of New York, New York, New York -- request for relief from a commitment made in connection with application to acquire certain assets and assume certain liabilities of Barclays Bank of New York. Granted, December 5, 1995. Chicago M&I Central State Bank, Oshkosh, Wisconsin -- payment of a dividend. Approved, December 5, 1995. St. Louis UMB Bank, Northeast, Monroe City, Missouri -- payment of a dividend. Approved, December 7, 1995. CAPITAL STOCK Kansas City Beverly Bankshares, Inc., Beverly, Kansas -redemption of shares. Approved, December 4, 1995. Chicago First American Bank, Jewell, Iowa -- redemption of shares. Approved, December 5, 1995. H.2 DECEMBER 4, 1995 PAGE 8 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Austin County Bankshares, Inc., Bellville, Texas -change in bank control. Permitted, December 7, 1995. Kansas City Beverly Bankshares, Inc., Beverly, Kansas -- change in bank control. Permitted, December 4, 1995. Dallas Dawson Bancshares, Inc., Dawson, Texas -- change in bank control. Returned, December 5, 1995. Dallas First Sonora Bancshares, Inc., Sonora, Texas -change in bank control. Permitted, December 4, 1995. COMPETITIVE FACTORS REPORTS Atlanta Ameribank, N.A., Savannah, Georgia, proposed purchase of certain assets and assumption of certain liabilities of the East Victory Drive, Savannah, branch of Bank South, Atlanta, Georgia -- report on competitive factors. Submitted, December 6, 1995. San Francisco Bank of California, N.A., San Francisco, California, proposed merger with Union Bank -- report on competitive factors. Submitted, December 8, 1995. Chicago Busey Bank, Urbana, Illinois, proposed merger with Busey Bank of McLean County, LeRoy, Illinois -report on competitive factors. Submitted, December 4, 1995. San Francisco California United Bank, N.A., Encino, California, proposed merger with Corporate Bank, Santa Ana, California -- report on competitive factors. Submitted, December 8, 1995. H.2 DECEMBER 4, 1995 PAGE 9 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Citizens Bank, Elizabethton, Tennessee, proposed purchase of certain assets and assumption of certain liabilities of the Allandale and Kingsport branches of First Union National Bank of Tennessee, Nashville, Tennessee -- report on competitive factors. Submitted, December 6, 1995. San Francisco Commercial Center Bank, Santa Ana, California, proposed merger with La Cumbre Savings Bank, A Federal Savings Bank, Santa Barbara, California -report on competitive factors. Submitted, December , 1995. Atlanta Community Banking Company of Fitzgerald, Fitzgerald, Georgia, proposed purchase of certain assets and assumption of certain liabilities of the 103 West Roanoke Drive, Fitzgerald, branch of Bank South, Atlanta, Georgia -- report on competitive factors. Submitted, December 6, 1995. Chicago DuPage Valley State Bank, Woodridge, Illinois, proposed merger with Bridegview Interim Bank, Bridgeview, Illinois -- report on competitive factors. Submitted, December 6, 1995. Boston Eagle Federal Savings Bank, Bristol, Connecticut, proposed purchase of the assets and assumption of the liabilities of five branches of Shawmut Bank Connecticut, N.A., Hartford, Connecticut -- report on competitive factors. Submitted, December 5, 1995. Richmond First Citizens Bank & Trust Company, Raleigh, North Carolina, proposed purchase of certain assets and assumption of the liabilities of the Martinsville and Collinsville, Virginia, branches of First Union National Bank of Virginia, Roanoke, Virginia -report on competitive factors. Submitted, December 7, 1995. H.2 DECEMBER 4, 1995 PAGE 10 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First National Bank of Mangum, Mangum, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of the Granite, Oklahoma, branch of Farmers and Merchants Bank, Maysville, Oklahoma -- report on competitive factors. Submitted, December 5, 1995. Boston First National Bank of Portsmouth, Portsmouth, New Hampshire, proposed purchase of the assets and assumption of the liabilities of five branches of Shawmut BankNH, Manchester, New Hampshire -- report on competitive factors. Submitted, December 5, 1995. Kansas City First National Bank of Unadilla, Unadilla, Nebraska, proposed merger with Community Savings & Loan Association, Syracuse, Nebraska -- report on competitive factors. Submitted, December 6, 1995. Kansas City First State Bank of Elwood, Elwood, Kansas, proposed merger with Farmer*s State Bank, Lucas, Kansas -report on Competitive factors. Submitted, December 6, 1995. Chicago Grand National Bank, Crystal Lake, Illinois, proposed merger with Grand National Bank, Crete; First National Bank of Niles, Niles; and Grand National Bank, Waukegan, Illinois " report on competitive factors. Submitted, December 7, 1995. Richmond Harbor Federal Savings Bank, Baltimore, Maryland, proposed purchase of the assets and assumption of the liabilities of the Pikesville and Perry Hall, Maryland, branches of Sequoia National Bank, Bethesda, Maryland -- report on competitive factors. Submitted, December 7, 1995. New York Hudson United Bank, Union City, New Jersey, proposed merger with Growth Bank, Basking Ridge, New Jersey -- report on competitive factors. Submitted, December 4, 1995. H.2 DECEMBER 4, 1995 PAGE 11 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City Manhattan National Bank, Manhattan, Kansas, proposed merger with Auburn National Bank, Auburn, Kansas -report on competitive factors. Submitted, December 6, 1995. Minneapolis New Bank of South Range, South Range, Michigan, proposed merger with South Range State Bank -report on competitive factors. Submitted, December 8, 1995. Kansas City Nickerson State Bank, Nickerson, Kansas, proposed merger with Nickerson Bankshares, Inc. -- report on competitive factors. Submitted, December 5, 1995. San Francisco Pacific Bank, National Association, San Francisco, California, proposed merger with Burlingame Bank & Trust Company, Burlingame, California -- report on competitive factors. Submitted, December 6, 1995. Boston Passumpsic Savings Bank, St. Johnsbury, Vermont, proposed acquisition of the Main Street, Danville, Vermont, branch of The Merchants Bank, Burlington, Vermont -- report on competitive factors. Submitted, December **, 1995. Boston People's Savings Bank of Brockton, Brockton, Massachusetts, proposed purchase of certain assets and assumption of certain liabilities of one branch of Fleet Bank of Massachusetts, Boston, Massachusetts, and of four branches of Shawmut Bank, N.A. -- report on competitive factors. Submitted, December 5, 1995. Kansas City Prairie State Bank, Augusta, Kansas, proposed merger with First National Bank, Haysville, Kansas report on competitive factors. Submitted, December 6, 1995. New York Tompkins County Trust Company, Ithaca, New York, proposed merger with TCTC Interim Savings Bank - report on competitive factors. Submitted, December 8, 1995. H.2 DECEMBER 4, 1995 PAGE 12 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Union Bank, Lake Odessa, Michigan, proposed acquisition of the assets and assumption of the liabilities of the Dimondale, Michigan, branch of First of America Bank-Michigan, N.A., Grand Rapids, Michigan -- report on competitive factors. Submitted, December 5, 1995. San Francisco Union Bank, San Francisco, California, proposed merger with Bancal Tri-State Corporation -- report on competitive factors. Submitted, December 8, 1995. Richmond United National Bank-South, Beckley, West Virginia, proposed merger with United National Bank, Parkersburg, West Virginia -- report on competitive factors. Submitted, December 8, 1995. Secretary University Bank & Trust, Palo Alto, California, proposed merger with Comerica Bank-California, San Jose, California -- report on competitive factors. Submitted, December 5, 1995. Secretary Washington Mutual Bank, Seattle, Washington, proposed merger with Western Bank, Coos Bay, Oregon -report on competitive factors. Submitted, December 7, 1995. Boston Webster Bank, Waterbury, Connecticut, proposed purchase of the assets and assumption of the liabilities of twenty branches of Shawmut Bank Connecticut, N.A., Hartford, Connecticut -- report on competitive factors. Submitted, December 5, 1995. Kansas City Women’s Bank, N.A., Denver, Colorado, proposed merger with The Women's Bank Colorado -- report on competitive factors. Submitted, December 6, 1995. H.2 DECEMBER PAGE 13 1995 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE San Francisco BankAmerica Corporation, San Francisco, California -extensions to divest certain properties. Granted, December 6, 1995. Atlanta Barnett Banks, Inc., extension to March acting as agent in securities through Granted, December 8, Richmond Citizens Bank of Virginia, Vienna, Virginia -extension to July 1, 1996, to establish a branch at the Kingstowne Shopping Center, Kingstowne Boulevard and South Van Dorn Street, Alexandria, Virginia. Granted, December 8, 1995. San Francisco Dai-Ichi Kangyo Bank, Ltd., Tokyo, Japan -- extension to divest certain property. Granted, December 6, 1995. Richmond Elkridge Bank, Elkridge, Maryland -- extension to March 8, 1996, to merge with Laurel Federal Savings Bank, Laurel, Maryland, and establish a branch. Granted, December 8, 1995. Chicago F&M Bancorporation, Inc., Kaukauna, Wisconsin -extension to March 8, 1996, to acquire Peoples State Bank of Bloomer, Bloomer, Wisconsin. Granted, December 8, 1995. Richmond FCNB Bank, Frederick, Maryland -- extension to March 8, 1995, to acquire a branch of Laurel Federal Savings Bank, Laurel, Maryland. Granted, December 8, 1995. Richmond FCNB Corp., Frederick, Maryland -- extension to March 8, 1996, to merge with Laurel Bancorp, Inc., Laurel, Maryland. Granted, December 8, 1995. San Francisco Mitsubishi Bank, Ltd., Tokyo, Japan -- extension to divest certain property. Granted, December 7, 1995. Jacksonville, Florida -23, 1996, to engage de novo in the private placement of Barnett Securities, Inc. 1995. H.2 DECEMBER 4, 1995 PAGE 14 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Cleveland PNC Bank Corp, Pittsburgh, Pennsylvania -- extension to March 26, 1996, to acquire Midlantic Corporation, Edison, New Jersey. Granted, December 8, 1995. Atlanta SunTrust Banks, Inc., Atlanta, Georgia, and SunTrust Banks of Florida, Inc., Orlando, Florida -extension to April 23, 1996, to acquire Ponte Vedra Banking Corporation, Ponte Vedra, Florida, and Ponte Vedra National Bank. Granted, December 8, 1995. S t . Louis Citizens Bank, Marion, Arkansas -- to become a member of the Federal Reserve System. Approved, December 6, 1995. MEMBERSHIP REGULATIONS AND POLICIES Secretary Regulation C -- staff commentary providing guidance on treatment of prequalifications, loan applications received through a broker, participations, refinancings, home-equity lines, and mergers (Docket R-0881). Approved, December 4, 1995. ADDITIONS AND CORRECTIONS H.2 DECEMBER 4, 1995 PAGE 15 TO DECEMBER 8, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Interim Bancorp, Inc., The Dalles, Oregon, proposed merger with Columbia River Banking Company report on competitive factors. Submitted, November 28, 1995. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application Community Bankshares, Inc., Concord, New Hampshire - 3 ( a ) (3) application to acquire Centerpoint Bank, Bedford, New Hampshire* Newspaper 1-1-96 Federal Register 1-8-96 SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Application NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date State Street Bank and Trust Company 225 Franklin Street Boston, Massachusetts 02101 7-5-95 Rating** "S" SECTION VI - CRA EXAMINATIONS SCHEDULED Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result if either the first publication or subsequent publications will be considered during the examination. The Federal Reserve Bank of Boston does not have any institutions scheduled to be examined for CRA during the first quarter of 1996. ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only___________ Growth Bank, Basking Ridge, New Jersey, to establish a branch at 32 Speedwell Ave., Morristown, New Jersey. 1/ 1/3/96 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None . SECTION III Nonbanking Applications (subject to Federal Register Notice Only) Notice by to engage Stamford, factoring UJB Financial Corporation, Princeton, New Jersey, through its subsidiary, UJB Commercial Corporation, Connecticut, in commercial finance and activities and leasing personal property. 12/27/95 Royal Bank of Canada, Montreal, Canada, to acquire a 20 percent equity interest in MECA Software, L.L.C. and to engage in data processing and data transmission. N/A National Bank of Greece, Athens, Greece, to engage through its subsidiary, Worthington LP, in lending and leasing activities pursuant to Section 225.25(b)(1) and (5) of Regulation Y. N/A 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Week Ending December 9, 1995 NAME OF BANK RATING EXAMINATION DATE None. SECTION VI CRA Examinations Scheduled to Begin in First Quarter 1996 Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in the published schedule, as shown above, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Comments should be sent to the attention of: Ms. Assunta Muglia, Examining Officer, Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045. The Bank of New York 48 Wall Street New York, New York 10286 Bank of Cattaraugus 24 Main Street Cattaraugus, New York 14719-0007 The Bank of New York (NJ) Tioga State Bank 385 Rifle Camp Road One North Main Street West Paterson, New Jersey 07424 Spencer, New York 14883-0386 Bank of Avoca 18 North Main Street Avoca, New York 14809-0009 1/ 2J 3/ 4/ Bank of Smithtown One East Main Street Smithtown, New York 11787-0456 Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Drovers Bancshares Corporation, York, PA, is the subject of a Change in Bank Control filed by Robert H. Stewart, Jr*, Karylee Gilbert, Terrence S* Stewart, and Gary A. Stewart, et al*, York, PA, to retain control of up to 15% of the holding company, pursuant to the Change in Bank Control Act. Federal Register comment period expires: Newspaper Notice comment period expires: 11/27/95 N/Avail Norwood Financial Corp., Honesdale, PA to become a bank holding company through the acquisition of 100% of the voting shares of Wayne Bank, Honesdale, PA, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended. Federal Register comment period expires: Newspaper Notice comment period expires: 12/11/95 12/26/95* ♦Applicant will republish with a comment period of 30 days• New Century Bank, Phoenixville, PA, is the subject of a Change in Bank Control filed by Kenneth B. Mumma and Moira F. Mumma, Chester Springs, PA, to acquire control of up to 27.5% of the proposed bank, pursuant to the Change in Bank Control Act. Federal Register comment period expires: Newspaper Notice comment period expires: N/Avail N/Avail Fulton Financial Corporation, Lancaster, Pennsylvania to acquire Gloucester County Bankshares, Inc., Woodbury, New Jersey, pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956, as amended. Federal Register comment period expires: Newspaper Notice comment period expires: N/Avail N/Avail SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY Summit Bancorp, Inc., Johnstown, Pennsylvania ("Notificant") to acquire Cambria Thrift Consumer Discount Company, Ebensburg, PA ("Cambria Company") and to engage in the activity of making and servicing loans as a consumer finance company, pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956, as amended, and Section 225.25(b)(1)(i) of Regulation Y. In connection with this acquisition, Notificant also seeks permission to establish a new non-banking subsidiary, Value Finance Company, Johnstown, PA, which will engage in the afoementioned activity through Cambria Company. (Section 346 Notice). Federal Register comment period expires: 12/28/95 SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending December 8, 1995. 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating NONE NONE NONE SECTION VI CRA EXAMINATIONS SCHEDULED (January 1, 1996 'through March 31, 1996) Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. BANK/LOCATION Twin Rivers Community Bank 2951 William Penn Highway Easton, Pa Founders Bank 101 Bryn Mawr Avenue Bryn Mawr, Pa Dauphin Deposit 213 Market Street Harrisburg, Pa Bryn Mawr Trust 801 Lancaster Avenue Bryn Mawr, Pa F e d e r a l R eser v e B a n k o f C lev e la n d P. 0 . BOX 6387 CLEVELAND, OHIO 4 4 10 1-13 87 APPLICATIONS BULLETIN (For the week ending December 9, 1995) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received prior notice by The Provident Bank, Cincinnati, Ohio, on December 5, 1995, of its intent to establish a branch facility at 1701 Llanfair Avenue, Cincinnati, Ohio. Received applications from Fifth Third Bank Cincinnati, Ohio, and The Fifth Third Bank of Columbus, Columbus, Ohio, on December 4, 1995, of their intent to acquire select offices of NBD Bank, Columbus, Ohio, and incident thereto establish branch facilities. SECTION *December 25, 1995 *January 2, 1996 n - APPLICATIONS REGISTER SUBJECT TO BOTH NEWSPAPER AND FEDERAL NOTICE NONE SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date of Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (December 8, 1995) The following state member banks have been examined by the Federal Reserve Bank of Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended December 8, 1995. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE F ed e r a l R e ser v e B a n k o f C l e v e la n d P. O. BOX 6387 CLEVELAND, OHIO 4410 1-13 87 C R A Examinations Scheduled First Quarter 1996 Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution’s examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution’s name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Minster State Bank 96 West Fourth Street Box 90 Minster, Ohio 45865 Fayette Bank 58 West Main Street Uniontown, Pennsylvania 15401-3303 The Bank of Coming Company North Valley Street Box 428 Coming, Ohio 43730 The Fifth Third Bank of Western Ohio 123 Market Street Box 1117 Piqua, Ohio 45356-1117 Union Bank & Savings Company 1 Union Square Box 150 Bellevue, Ohio 44811 The Ohio Bank 236 South Main Box 300 Findlay, Ohio 45839 Cortland Banks 194 West Main Street Cortland, Ohio 44410 Bank One 28 Park Avenue, West Mansfield, Ohio 44902 The Custar State Bank P.O. Box 127 Custar, Ohio 43511 The Com City State Bank 120 West Main Street Deshler, Ohio 43516 F e d e ra l R eserve Bank o f Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Miners and Merchants Bank and Trust Company, Grundy, Virginia, to establish a branch on U. S. Route 460 at Oakwood, Virginia.* 12-23-95 Chesapeake Bank, Kilmarnock, Virginia, to establish a branch at the intersection of Route 5 and Ironbound Road, Williamsburg (James City County), Virginia.* 12-30-95 Centura Bank, Rocky Mount, North Carolina, to merge with First Commercial Bank, Asheville, North.Carolina.* 1-6-96 Virginia Heartland Bank, Fredericksburg, Virginia, to establish a branch at 12115 Andora Drive, Fredericksburg,Virginia.* 1-10-96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Centura Banks, Inc., Rocky Mount, North Carolina, to merge with First Commercial Holding Company, Asheville, North Carolina.* 1-6-96 Stone Street Bancorp, Inc., Mocksville, North Carolina, to become a bank holding company through the acquisition of 100% of the voting shares of Mocksville Savings Bank, Inc., SSB, Mocksville, North Carolina.* 1-8-96** Section III - Applications Subject to Federal Register Notice Application Southern National Corporation, WinstonSalem, North Carolina, to engage in making, acquiring, or servicing loans or other extensions of credit. Comment Period Ending Date 12-22-95** *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. F e d e ra l R eserve Bank o f Richmond Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. F e d e ra l R eserve Bank o f Richmond Section V - Availability of CRA Public Evaluations Week ending December 8, 1995 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date____ Rating 22150-2601 9-18-95 Satisfactory Farmers & Merchants Bank 205 South Main Street Timberville, Virginia 22853-9521 9-18-95 Satisfactory Greenwood Bank and Trust 109 Montague Street Greenwood, South Carolina 9-26-95 Satisfactory F & M Bank-Hallmark 6810 Commerce Street Springfield, Virginia 29649-1934 F e d e ra l R eserve Bank o f Richmond Section VI - CRA Examinations Scheduled for First Quarter of 1996 Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Farmers Bank of Maryland, Annapolis, Maryland First Virginia Bank-Central Maryland, Bel Air, Maryland The Forest Hill State Bank, Bel Air, Maryland Commercial and Farmers Bank, Ellicott City, Maryland Elridge Bank, Elridge, Maryland Atlantic Bank, Ocean City, Maryland First Virginia Bank-Maryland, Upper Marlboro, Maryland The Caroline County Bank, Greensboro, North Carolina Centura Bank, Rocky Mount, North Carolina Highlands Union Bank, Abingdon, Virginia The Farmers Bank of Appomattox, Appomattox, Virginia Big Stone Gap Bank & Trust Company, Big Stone Gap, Virginia Bank of Hampton Roads, Chesapeake, Virginia First Community Bank, Forest, Virginia Peninsula Trust Bank, Inc., Gloucester, Virginia Piedmont Trust Bank, Martinsville, Virginia Bank of McKenney, McKenney, Virginia Heritage Bank, McLean, Virginia The Horizon Bank of Virginia, Merrifield, Virginia The Farmers & Merchants Bank of Craig County, New Castle, Virginia Heritage Bank and Trust, Norfolk, Virginia First Sentinel Bank, Richlands, Virginia Commerce Bank of Virginia, Richmond, Virginia Consolidated Bank & Trust Co., Richmond, Virginia Signet Bank, Richmond, Virginia The Commonwealth Bank, Richmond, Virginia Prosperity Bank & Trust, Springfield, Virginia Bank of Suffolk, Suffolk, Virginia Bank of Tazewell County, Tazewell, Virginia The Bank of Tidewater, Virginia Beach, Virginia First Commonwealth Bank, Wise, Virginia The Traders Bank, Spencer, West Virginia One Valley Bank, Summerville, West Virginia The Capon Valley Bank, Wardensville, West Virginia F e d e ra l Reserve Bank o f A t la n t a A p p lic a t io n s B u l l e t i n f o r Week E n ding December 8, 1995 Section 1 - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application First Southern Bank 11-18-95* Boca Raton, Florida To establish a branch located at 1750 University Drive, Suite 101, Coral Springs, Florida, pursuant to Section 9 of the Federal Reserve Act. SunTrust Bank 12-24-95* Atlanta, Georgia To establish a branch located at 2675 North Decatur Road, Suite 114, Decatur, Georgia, pursuant to Section 9 of the Federal Reserve Act. Community Bank of Mississippi Not yet available* Forest, Mississippi To acquire certain assets and assume certain liabilities of the Hinds and Rankin County Branches of Community Bank, Indianola, Mississippi, pursuant to Section 18(c) of the Federal Deposit Insurance Act. The branches are the Crossgates Branch, located at 110 Service Drive, Suite A, Brandon, Mississippi; the Lakeland Branch, located at 3500 Lakeland Drive, Suite A, Flowood, Mississippi; and the Old Canton Road Branch, located at 6258 Old Canton Road, Jackson, Mississippi. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Evergreen Bancshares, Inc. 11-24-95* Tallahassee, Florida Federal Register Change in control filed by Mr. David Andrew Barrett to acquire an additional 4.7 percent of the outstanding shares of Evergreen Bancshares, Inc., Tallahassee, Florida. Total ownership will equal 29.5 percent. FABP Bancshares, Inc. Pensacola, Florida 1-BHC formation, First Pensacola, Florida. Not yet available* American Bank of Pensacola, National Association, Whitney Holding Corporation Not yet available* Pensacola, Florida To merge with First Citizens BancStock, Inc., Morgan City, Louisiana, and thereby directly acquire First National Bank in St. Mary Parish, Morgan City, Louisiana, pursuant to Section 3(a)(5) of the Bank Holding Company Act. Central and Southern Holding Company Not yet available* Milledgeville, Georgia To convert one of its two bank subsidiaries, Central and Southern Bank of Greensboro, Greensboro, Georgia, into a savings association and thereby engage de novo in operating a savings association, pursuant to Section 225.25(b)(9) of Regulation Y and Section 4(c)(8) of the Bank Holding Company Act. The transaction will be accomplished through the merger of Central and Southern Bank of Greensboro into Central and Southern Bank of North Georgia, Greensboro, Georgia, an interim thrift subsidiary of Notificant. Company will survive the merger and operate under the name Central and Southern Bank of North Georgia. Community Bancshares of Mississippi, Inc. 12-21-95* Forest, Mississippi Federal Register To acquire 51 percent of the outstanding shares of Coast Community Bank, Biloxi, Mississippi (in organization), pursuant to Section 3(a)(3) of the Bank Holding Company A c t . Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date None. ♦Subject to the provisions of the Community Reinvestment Act. F e d e ra l Reserve Bank o f A t la n t a A p p lic a t io n s B u l l e t i n f o r Week E n ding December 8, 1995 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 8, 1995 Section 6 - CRA Examinations Scheduled Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Bank The Peoples Savings Bank Post Office Box 269 Clanton, Alabama 35045 Indian Rocks State Bank Post Office Box 7 Indian Rocks Beach, Florida 34635 Merchants Bank 820 South Street Vicksburg, Mississippi 39180 Bank of St. Petersburg 777 Pasadena Avenue South St. Petersburg, Florida 33707 First Central Bank Post Office Box 41250 St. Petersburg, Florida 33743 First Independent Bank of Florida Post Office Box 08009 Fort Myers, Florida 33908 PanAmerican Bank 888 Brickell Avenue Miami, Florida 33131 Southeastern Bank of Florida Post Office Box 1810 Alachua, Florida 32615 Merchants & Farmers Bank of Greene County Post Office Box 568 Eutaw, Alabama 35462 American Bank and Trust of Polk County Post Office Box 3400 Lake Wales, Florida 33859 Mobile County Bank Post Office Box 327 Grand Bay, Alabama 36541 The Peoples Bank and Trust Company Post Office Box 799 Selma, Alabama 36702 First United Bank 980 North Federal Highway Boca Raton, Florida 33432 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 8, 1995 Section 6 - CRA Examinations Scheduled Bank First American Bank of Indian River County 4000 20th Street Vero Beach, Florida 32960 Bank of Madisonville Post Office Box 547 Madisonville, Tennessee 37354 Barnett Bank of Volusia County 230 North Woodland Blvd DeLand, Florida 32720 Barnett Bank of Nassau County 520 Centre Street Fernandina Beach, Florida 32034 Barnett Bank of Northwest Florida 189 Eglin Parkway, N.E. Fort Walton Beach, Florida 32548 Barnett Bank of North Central Florida 150 W. Madison Street Lake City, Florida 32056 Barnett Bank of West Florida 100 West Garden Street Pensacola, Florida 32501 Barnett Bank of The St. Johns Post Office Drawer 1929 St. Augustine, Florida 32085 Barnett Bank of Tallahassee 315 South Calhoun Street Tallahassee, Florida 32314 Barnett Bank of Southwest Georgia Post Office Box 1497 Columbus, Georgia 31993 Bank of Adairsville Post Office Box 405 Adairsville, Georgia 30103 Compass Bank 76 Laura Street Jacksonville, Florida 32202 Southwest Georgia Bank 201 First Street Moultrie, Georgia 31768 Guaranty Bank & Turst Company Post Office Box 618 Venice, Florida 32484 Dadeland Bank Post Office Box 560785 Miami, Florida 33156 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 8, 1995 Section 6 - CRA Examinations Scheduled Bank Jefferson Bank 2412 North State Road 7 Lauderdale Lakes, Florida 33313 Jefferson Bank of Florida 301 41st Street Miami Beach, Florida 33140 Southtrust Bank of West Florida 150 Second Avenue North, Suite 300 St. Petersburg, Florida 33701 Citizens First Bank of Ocala Post Office Box 548 Ocala, Florida 34478 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S a tis fa c to r y Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Rating Central Bank Post Office Box 521599 Miami, Florida 33152 (305)592-6641 Satisfactory Examination Date 08-04-95 F e d e ra l Reserve Bank o f A t la n t a A p p lic a t io n s B u l l e t i n f o r Week E nding December 8, 1995 Recently Approved Applications Acoroval Date FirstFed Bancorp, Inc. 12-07-95 Bessemer, Alabama 1-BHC formation, First State Bank of Bibb County, West Blocton, Alabama. FirstFed Bancorp, Inc. 12-08-95 Bessemer, Alabama To retain ownership of First Federal Savings Bank, Bessemer, Alabama, and thereby engage in operating a savings association, pursuant to Section 225.25(b)(9) of Regulation Y and Section 4(c)(8) of the Bank Holding Company Act. First Southern Bank 12-08-95 Boca Raton, Florida To establish a branch located at 1750 University Drive, Suite 101, Coral Springs, Florida, pursuant to Section 9 of the Federal Reserve Act. Quantum Capital Corp. 12-06-95 Sne11vilie, Georgia 1-BHC formation, Quantum National Bank, Suwanee, Georgia (in organization) APPLICATIONS BULLETIN Federal Reserve Bank of Chicago The Applications Bulletin identifies: (1) final applications received by the Federal Reserve Bank of Chicago during the week ending December 8. 1995 which are not subject to Federal Register or Newspaper notice; (2) final applications being processed by the Federal Reserve Bank of Chicago, which are subject to Federal Register and/or Newspaper notice with comment periods ending during or after the week ending December 8, 1995. or with comment periods which are unknown at this time; (3) Community Reinvestment Act (CRA) Ratings for state member banks whose CRA examinations become publicly available during the week ending December 8. 1995. This Applications Bulletin is published weekly as a courtesy of the Federal Reserve and does not constitute notice of these applications. If members of the public want to comment on an application, comments must be received by the Federal Reserve on or before the last day of the comment period. The comment period ends no earlier than the date specified in the newspaper notice and, in the case of bank holding company applications for which a Federal Register notice is published, may end later than that date. If you have any questions concerning procedures that should be followed in commenting on an application, you may contact Alicia Williams, Assistant Vice President at the Federal Reserve Bank of Chicago at 230 South LaSalle Street, Chicago, Illinois 60690 (312) 322-5910. If you cannot submit your comments by the end of the time period, you may request an extension of time by contacting the Secretary of the Federal Reserve Board, Washington, D. C. 20551. Your request for an extension of time must be received no later than the last date of the comment period and should explain why you are unable to submit your comments on time. You will find more information on how to request additional time in the Code of Federal Regulations ("CFR") at 12 CFR #262.25(B) (as revised, Press Release (January 31, 1984), 49 Federal Register 5603 (February 14, 1984)). For information on the Board’s policy concerning the holding of public meetings, please see the Board’s Policy Statement of Handling Protested Applications, 12 CFR #262,25® and (D) (1984). The procedure for requesting hearing can be found at 12 CFR #262.3(e). You may wish to consult A Citizens Guide to CRA. published by the Federal Financial Institutions Examination Council. Please note that public comment periods may expire without being published in the Applications Bulletin. Individuals interested in comment periods pertaining to a particular application are encouraged to contact Medelyn Cabriga, Applications Division at (312) 322-6145. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application EFT M&I First American Bank Wausau, Wisconsin 200 3rd Street Wausau, Wisconsin NP - 12-8-95 EFT M&I Mid State Bank Stevens Point, Wisconsin 1000 East Riverview Express Wisconsin Rapids, Wisconsin NP - 12-8-95 EFT M&I Marshall & Ilsley Bank Milwaukee, Wisconsin 2523 East Oklahoma Avenue Milwaukee, Wisconsin NP - ** EFT M&I Central Bank & Trust Marshfield, Wisconsin 10492 Hwy 13 South Marshfield, Wisconsin NP _ ** EFT M&I Marshall & Ilsley Bank Milwaukee, Wisconsin 7700 West Brown Deer Road Brown Deer, Wisconsin NP _ ** EFT M&I Marshall & Ilsley Bank Milwaukee, Wisconsin 5300 South 76 Street Greendale, Wisconsin NP - ** EFT M&I Marshall & Ilsley Bank Milwaukee, Wisconsin 2900 West Oklahoma Avenue Milwaukee, Wisconsin NP - ** Branch M&I First American Bank 10208 Park Plaza, Suite B Mosinee, Wisconsin NP - ** Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Comment Period Ending Date Tyge Application Merger/Branches Firstar Bank Minocqua Minocqua, Wisconsin Firstar Bank Madison, N.A. Madison, Wisconsin Firstar Bank Wausau, N.A, Wausau, Wisconsin Firstar Bank Grantsburg, N.A. Grantsburg, Wisconsin Firstar Bank Eau Claire, N.A. Eau Claire, Wisconsin Firstar Bank Rice Lake, N.A. Rice Lake, Wisconsin Firstar Bank Manitowoc Manitowoc, Wisconsin Firstar Bank Oshkosh, N.A. Oshkosh, Wisconsin Firstar Bank Green Bay Green Bay, Wisconsin Firstar Bank Fond du Lac, N.A. Fond du Lac, Wisconsin Firstar Bank Sheboygan, N.A. Sheboyan, Wisconsin Firstar Bank Appleton Appleton, Wisconsin and thereby establish 54 branches NP - ** Y-l Notice Newell Bancshares, Inc. Newell, Iowa First Community Bank Newell, Iowa NP - 12-7-95 Branch Harris Trust and Savings Bank 6536 N. Sheridan Road Chicago, Illinois NP _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-l CJSB Bancorporation Columbus Junction, Iowa Columbus Junction State Bank Columbus Junction, Iowa* NP - 12-22-95 FR - 12-22-95 Y-2 WFC, Inc. Waukon, Iowa Viking State Bank & Trust Decorah, Iowa (in organization)* FR - 11-24-95 NP - 12-15-95 Y-2 F & M Bancorporation, Inc. Kaukauna, Wisconsin Monycor Bancshares, Inc. Superior, Wisconsin Monycor Bank of Superior Superior, Wisconsin* FR - 12-7-95 NP - 11-27-95 Y-l West Pointe Bancshares, Inc. Oshkosh, Wisconsin West Pointe Bank Oshkosh, Wisconsin (in organization)* FR - 12-22-95 NP - 12-18-95 Y-2 ISB Financial Corp. Iowa City, Iowa W.S.B. Inc. Washington, Iowa Washington State Bank Washington, Iowa* FR - 12-11-95 NP - 12-8-95 Y-l Storm Lake Security Bancorporation Storm Lake, Iowa Security Trust & Savings Bank Storm Lake, Iowa* Y-l Crestmark Bancorp, Inc. Bloomfield Hills, Michigan Crestmark Bank (in organization) Troy, Michigan* FR - 1-9-96 N P - ** P R _ ** N P _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Application Comment Period Ending Date Oelwein Bancorporation Minneapolis, Minnesota Lakeside Credit Co., Inc. Minneapolis, Minnesota First Trust and Savings Bank Cedar Rapids, Iowa* FR - 12-4-95 NP - 12-21-95 FNB Financial Corporation Three Rivers, Michigan First National Bank of Three Rivers Three Rivers, Michigan* FR - 12-22-95 NP - 12-15-95 Reliance Bancshares, Inc. Milwaukee, Wisconsin Reliance Savings Bank Milwaukee, Wisconsin* FR - 12-21-95 NP - 12-18-95 Chemical Financial Corporation Midland, Michigan State Savings Bancorp, Inc. Caro, Michigan State Savings Bank of Caro Caro, Michigan* FR - 1-2-96 First Decatur Bancshares, Inc. Decatur, Illinois First Shelby Financial Group, Inc. Shelbyville, Illinois First Trust Bank of Shelbyville Shelbyville, Illinois* FR - 1-2-96 N P . ** _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l Associated Banc-Shares, Inc. Madison, Wisconsin SBL Capital Bank Shares, Inc. Lodi, Wisconsin State Bank of Lodi Lodi, Wisconsin* FR - 1-8-96 Associated Banc-Corp Green Bay, Wisconsin SBL Captial Bank Shares, Inc. Lodi, Wisconsin State Bank of Lodi Lodi, Wisconsin* FR - 1-8-96 Y-2 COC-HC Spencer Bancorporation, Inc. Spencer, Wisconsin Spencer Bancorporation, Inc. Employee Stock Ownership Plan and Trust Spencer, Wisconsin N p - ** N P - ** P R - ** jsjp . ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Caisse Nationale de Credit Agricole S.A. Paris, France to provide investment and financial advisory services; engage in brokerage of various swap and swap derivative transaction and provide certain other financial services to Institutional customers through CAL FP (US), Inc., New York, New York, a de novo subsidiary of Credit Agricole Lazard Financial Products Bank FR - 12-29-95 4(c)(8) Old Kent Financial Corporation Grand Rapids, Michigan Republic Mortgage Corp. Salt Lake City, Utah to engage in residential and commercial mortgage banking business F R - 12-11-95 4(c)(8) Reliance Bancshares, Inc. Milwaukee, Wisconsin to engage in making and servicing loans FR - 12-21-95 4(c)(8) Premier Financial Services, Inc. Freeport, Illinois Premier Insurance Services, Inc. Warren, Illinois to engage in general insurance agency activities FR - 12-12-95 4(c)(8) Shorebank Corporation Chicago, Illinois to consolidate the Austin Labor Force Intermediary Chicago, Illinois, into The Neighborhood Institute and thereby engage in making equity & debt investments in corporations or projects designed primarily to promote community welfare FR - 12-27-95 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application ROS Northern Trust Corporation Chicago, Illinois to redeem its 6.25% cumulative convertible perferred stock, Series E ROS Nichols Bancorp, Incorporated Nichols, Wisconsin to redeem 119 shares of cumulative preferred stock N Newspaper FR - Federal Register * Subject to Provisions of Community Reinvestment Act Not available at this time 5jC AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 3O-day business day period the bank has to make the evaluation public has lapsed during the week ending December 08, 1995. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. 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 ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient, record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION EXAMINATION DATE -First State Bank 418 Sand Street Churdan, Iowa 50050 (515) 389-3222 -Villa Grove State Bank Ten North Main Street Villa Grove, Illinois (217) 832-2631 RATINGS 9/05/95 S 8/28/95 S 61956-0027 Federal Reserve Bank of Chicago First Quarter 1996 Examinations may have to be rescheduled during the calendar quarter in which t ^ are d e s i ^ t J d to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. M&I Marshall & Ilsley Bank McHenry State Bank The State Bank of Coloma Blissfield State Bank First State Bank of Maple Park The State Bank of Geneva Community State Bank Westby-Coon Valley State Bank The Auburn State Bank Lapeer County Bank & Trust Co. The Friendship State Bank Security Savings Bank Linden State Bank 1st Source Bank New Asia Bank First State Bank St. Ansgar State Bank Bank of Lenawee Hendricks County Bank & Trust Company Bank of Brodhead Central State Bank Iowa State Bank and Trust Company Chemical Bank Bay Area Farmers State Bank of Western Illinois Security Bank Tri-County Bank Security Trust & Savings Bank Security State Bank The Farmers Bank of Mt. Pulaski Onsted State Bank Templeton Savings Bank Villa Park Trust & Savings Bank M&I Bank of Burlington Bank One, Bloomington-Normal Huron Community Bank State Bank of Caledonia Farmers State Bank of Breckenridge Citizens Commercial & Savings Bank Milwaukee, Wisconsin McHenry, Illinois Coloma, Michigan Blissfield, Michigan Maple Park, Illinois Geneva, Illinois Avilla, Indiana Westby, Wisconsin Auburn, Indiana Lapeer, Michigan Friendship, Indiana Famhamville, Iowa Linden, Indiana South Bend, Indiana Chicago, Illinois Manchester, Iowa St. Ansgar, Iowa Adrian, Michigan Brownsburg, Indiana Brodhead, Wisconsin Elkader, Iowa Fairfield, Iowa Bay City, Michigan New Windsor, Illinois Marshalltown, Iowa Brown City, Michigan Storm Lake, Iowa Hartley, Iowa Mount Pulaski, Illinois Onsted, Michigan Templeton, Iowa Villa Park, Illinois Burlington, Wisconsin Bloomington, Illinois East Tawas, Michigan Caledonia, Michigan Breckenridge, Michigan Flint, Michigan Federal Reserve Bank of St. Louis FOR THE WEEK ENDING DECEMBER 8, 1995 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period ♦Section 4(c)(8) notification by Union Planters Corporation, Memphis, Tennessee, to acquire Valley Federal Savings Bank, Sheffield, Alabama. Newspaper: 12-30-95 ♦Section 3(a)(5) application by Magna Group, Inc., St. Louis, Missouri, to acquire River Bend Bancshares, Inc., East Alton, Illinois. Newspaper: 12-30-95 ♦Section 3(a)(5) Ana, California, California (both Banks, Inc., St. Newspaper: 1-7-96 application by CCB Bancorp, Santa to acquire QCB Bancorp, Long Beach, BHCs are subsidiaries of First Louis, Missouri). Change in control notification involving Paducah Bank Shares, Inc., Paducah, Kentucky, by Joseph H. Framptom. 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 A p p Iication End of Comment Period None. ♦This application is subject to CRA. FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification of Ratings: Outstanding record of meeting community credit needs A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including lo w - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs A n institution in this group has a satisfactory record 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 of meeting community credit needs A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank Charter State Bank December 8, 1995 Bank Address P.0. Box 2000 Beebe, AR 72012 Examination Date 5-22-95 Examination Rating Satisfactory SECTION VI - CRA EXAMINATIONS SCHEDULED Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution’s examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution’s name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Farmers Bank & Trust Company, Blytheville, Arkansas First Bank of Arkansas, Jonesboro, Arkansas First State Bank of St. Peter, St. Peter, Illinois Teutopolis State Bank, Teutopolis, Illinois PNC Bank, Kentucky, Inc., Louisville, Kentucky The Callaway Bank, Fulton, Missouri Farmers & Merchants Bank, Hannibal, Missouri Citizens Bank of New Haven, New Haven, Missouri Belgrade State Bank, Potosi, Missouri FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application M&I Community State Bank, Eau Claire, Wisconsin, to establish a branch (ATM) in Menomonie, Wisconsin. December 12, 1995 FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Crosstown Holding Company, Ham Lake, Minnesota, to acquire by merger 100% of the voting shares of Balaton Agency, Inc., Balaton, Minnesota. December 26, 1995 (Federal Register) Private Bancorporation, Inc., Minneapolis, Minnesota , to acquire 100% of the voting shares of Private Bank Minnesota, Minneapolis, Minnesota. December 11, 1995 (Federal Register) Dennis Christenson, Richard Wartman, Eugene Halker, Laura Halker, and Halker Joint Revocable Trust, to acquire control of 92.82% of the voting shares of U.P. Financial, Inc., Ontongon, Michigan. Not yet availiable ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation, Minneapolis, Minnesota, to engage de novo in issuing commercial and standby letters of credit related to customers of The Foothill Group, Los Angeles, California, and issuing shipping guarantees. Comment Period Ending Date December 28, 1995 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending December 8, 1995 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK (S) EXAMINED DATE OF EXAMINATION CRA RATING Belt Valley Bank P.0. Box 196 Belt, Montana 59412-0196 (406)277-3314 September 5, 1995 Satisfactory Dacotah Bank P.O. Box 248 Faulkton, South Dakota 57438-0248 (605)598-6211 September 12,1995 Satisfactory Federal Reserve Bank of Minneapolis Section VI - CRA Examinations Scheduled to Begin in the Period January 1, 1996 - March 31, 1996 Examinations may have to be rescheduled during the calendar quarter in which they are designed to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Written comments regarding the CRA performance of these institutions should be directed to M s . Jacquelyn Brunmeier at the Federal Reserve Bank of Minneapolis, Banking Supervision Department, P.0. Box 291, Minneapolis, MN 55480-0291. Bank Name The Clinton State Bank Victoria State Bank Wadena State Bank Yellowstone Bank, Absarokee, Montana Cheyenne Western Bank Stockmens Bank The Citizens State Bankof Choteau Yellowstone Bank, Columbus, Montana Flint CreekValley Bank First Citizens Bank of Poison RonanState Bank 1st United Bank of Sidney Farmers State Bank Western Bankof Wolf Point Dakota Western Bank Dacotah Bank State Bankof Alcester Farmers State Bank Farmers and Merchants Bank Bank of Lemmon Dacotah Bank City Clinton Victoria Wadena Absarokee Ashland Cascade Choteau Columbus Philipsburg Poison Ronan Sidney Victor Wolf Point Bowman Aberdeen Alcester Faith Huron Lemmon Mobrkfge State Minnesota Minnesota Minnesota Montana Montana Montana Montana Montana Montana Montana Montana Montana Montana Montana North Dakota South Dakota South Dakota South Dakota South Dakota South Dakota South Dakota Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONT,Y APPLICATION COMMENT PERIOD ENDING DATE Bank of Papillion, Papillion, Nebraska, for prior approval to establish a branch facility at 2708/2710 South 114th Street, Omaha, Nebraska. Exchange Bank of Missouri, Fayette, Missouri, for prior approval to become a member of the Federal Reserve System. Not Available Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Sooner Southeast Bankshares, Inc., Bristow, Oklahoma, for prior approval to acquire 21.6 percent of the voting shares of Farmers Exchange Bank, Antlers, Oklahoma.* FirstBank Holding Company of Colorado, Lakewood, Colorado, for prior approval to acquire 100 percent of the voting shares of The Bank of Douglas County, Castle Rock, Colorado.* Baxter Bancshares, Inc., Baxter Springs, Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of The Baxter State Bank, Baxter Springs, and 24.99 percent of the voting shares of People’s National Bank, Seneca, Missouri (in organization).* Not Available Not Available January 10, 1996 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE First Community Bancshares, Inc., Knob Noster, Missouri, for prior approval to engage de novo through its subsidiary, First Mortgage Co., Knob Noster, Missouri, in the sale of credit-related life and accident and health insurance.* December 29, 1995 Federal Reserve Bank of Kansas City SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION American Bancorp of Oklahoma, Inc., Edmond, Oklahoma, for prior approval to redeem 21.41 percent of its outstanding common stock. 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 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 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. Federal Reserve Bank of Kansas City Bank/Location Exam Date CRA Public Date Crete State Bank P.O. Box 66 Crete, Nebraska 68333-0066 09/11/95 12/07/95 Satisfactory Pitkin County Bank & Trust P.O. Box 3677 Aspen, Colorado 81612 08/28/95 12/08/95 Outstanding SECTION VI - CRA EXAMINATIONS SCHEDULED January 1. 1996 through June 30. 1996 RANK NAME CITY STATE Bank of Boulder Centennial Bank Fanners State Bank Professional Bank Lafayette State Bank Pioneer Bank of Longmont First United Bank Rio Blanco State Bank Custer County Bank Citizens Bank Inc. The Kinsley Bank The State Bank of Lancaster Heritage Bank of Olathe The St. Marys State Bank The Citizens-Farmers Bank of Cole Camp The Farmers Bank of Lincoln Farmers State Bank Chemical Bank Webb City Bank Citizens Bank Deuel County State Bank Bank of Hartington First Security Bank Adams State Bank Citizens State Bank First Nebraska Bank Boulder Englewood Fort Morgan Glendale Lafayette Longmont Parker Rangely Westcliffe Westminster Kinsley Lancaster Olathe St. Marys CO CO CO CO CO CO CO CO CO CO KS KS KS KS Cole Camp Lincoln Stanberry Sweet Springs Webb City Bancroft Chappell Hartington Mitchell Ogallala Polk Valley MO MO MO MO MO NE NE NE NE NE NE NE CRA Ratine Federal Reserve Bank of Kansas City WestStar Bank Bank of Cushing & Trust Co. The First State Bank The First State Bank of Fairland Bank of Garber The First Bank of Haskell Grant County Bank Bank of Love County The Morris State Bank Bank One, Oklahoma City Poteau State Bank Bank of Turley Weleetka State Bank The Bank of Commerce Lusk State Bank Uinta County State Bank Riverton State Bank Sheridan First Bank Union State Bank First State Bank of Wheatland Bartlesville Cushing Fairfax Fairland Garber Haskell Medford Marietta Morris Oklahoma City Poteau Tulsa Weleetka Wetumka Lusk Mountain View Riverton Sheridan Upton Wheatland OK OK OK OK OK OK OK OK OK OK OK OK OK OK WY WY WY WY WY WY Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution’s examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution’s name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 4, 1995 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ♦Section 3(a)(3) application by Cullen/Frost Bankers, Inc., San Antonio, TX, to acquire Park National Bank of Houston, Houston, TX (Previously reported during the week of 11-20-95) ♦Section 3(a)(3) application by The New Galveston Company, Wilmington, DE, to acquire Park National Bank of Houston, Houston, TX (Previously reported during the week of 11-20-95) ♦Section 3(a)(1) application by Quanah Financial Corporation Employee Stock Ownership Plan, Quanah, TX, to acquire Quanah Financial Corporation, Quanah, TX, Quanah Bancshares, Inc., Quanah, TX, and First National Bank, Quanah, TX (Previously reported during the week of 11-20-95) ♦Section 3(a)(1) application by Quanah Financial Corporation, Quanah, TX, to acquire Quanah Bancshares, Inc., Quanah, TX, and First National Bank, Quanah, TX (Previously reported during the week of 11-20-95) Change in Control Notice by Rodney G. Joy, Cranfills Gap, TX, and Bosque Bancshares, Inc. Employee Stock Ownership Plan, Rodney G. Joy, Trustee, Cranfills Gap, TX, to acquire an interest in Bosque Bancshares, Inc., Cranfills Gap, TX ♦Section 3(a)(1) Formation Notice by ABNA Holdings, Inc., Denton, TX, to acquire American Bank, N.A., Dallas, TX ** NOTICE EXP 95/12/19 95/12/19 95/12/20 95/12/20 N/A 95/12/07 Change in Control Notice by First National Bank Employee Stock Ownership Plan, San Benito, TX, to acquire an interest in First San Benito Bancshares, Inc., San Benito, TX N/A *Sabine Bancshares, Inc., Many, LA, to acquire First Community Bancshares, Inc., Winnfield, LA, Winn Bancshares, Inc., Winnfield, LA, and First Community Bank, Winnfield, LA N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by South Plains Financial, Inc., Lubbock, TX, to engage in data processing activities and real estate and personal property appraisals through South Plains Financial Services, Inc., Lubbock, TX 95/12/22 Section 4(c)(8) de novo notification by Adam Financial Corporation, Bryan, TX, to engage in making and servicing loans 95/12/29 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 4. 1995 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with vjfs 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' Security Bank of Arlington 1521 N. Cooper, Suite 100 P. 0. Box 121288 Arlington, TX 76012-1288 Date of Examination 95/08/28 CRA Rating Satisfactory SECTION VI - CRA EXAMINATIONS SCHEDULED Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution’s examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution’s name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Bank Date of Examination The Bank of Livingston Livingston, Texas 96/01/08 Bank of the West El Paso, Texas 96/01/22 Midland American Bank Midland, Texas 96/02/05 Texas State Bank McAllen, Texas 96/02/26 Western Bank Lordsburg, New Mexico 96/03/01 The First State Bank Brackettville, Texas 96/03/18 Citizens Bank and Trust Company Baytown, Texas 96/03/25 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/08/95 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Columbia Bancorp, The Dalles, Oregon, to become a bank holding company by acquiring Columbia River Banking Company, The Dalles, Oregon. * Newspaper: 12/11/95 Section II - Applications Subject to Both Newspaper and Federal Register Notice Wells Fargo & Company, San Francisco, California, to merge with First Interstate Bancorp, Los Angeles, California. * Newspaper: 12/22/95 Fed. Reg.: 12/22/95 Wells Fargo & Company, San Francisco, California, to acquire the 16 bank subsidiaries of First Interstate Bancorp, Los Angeles, California. * Newspaper: 12/22/95 Fed. Rea.: 12/22/95 Wells Fargo & Company, San Francisco, California, to engage in consent solicitation to replace the Board of Directors of First Interstate Bancorp, Los Angeles, California. * Newspaper: Not available Fed. Reg.: Not available The Mitsubishi Bank, Ltd., Tokyo, Japan, to Newspaper: acquire: The Bank of Tokyo Trust Company, New York, New York; The Chicago-Tokyo Bank, Chicago, Fed. Reg.: Illinois; and Union Bank, San Francisco, California. * 12/16/95 Union Bank, San Francisco, California, to become a bank holding company by acquiring BanCal TriState Corporation, San Francisco, California. * Newspaper: 12/16/95 Fed. Rea.: 1/04/96 1/04/96 Section III -Applications Subject to Federal Register Only The Mitsubishi Bank, Ltd., Tokyo, Japan, to acquire BOT Financial Corporation, and BOT Securities, Inc., both of New York, New York. Fed. Reo.: 1/04/96 Union Bank, San Francisco, California, to retain all of the voting shares of: UB Leasing, Inc.; UB Investment Services, Inc.; Unionbanc Leasing Corporation; Stanco Properties, Inc.; UB Mortgage Corp.; and Bankers Commercial Corporation, all of San Francisco, California. Fed. Rea.: 1/04/96 ★ Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/08/95 Section III -Applications Sub.iect to Federal Register Only (cont’d.) Wells Fargo & Company, San Francisco, California, to engage in venture capital and lending activities through the acquisition of First Interstate Resource Finance Associates, Newport Beach, California. Fed. Reg.: Not available Wells Fargo & Company, San Francisco, California, to acquire First Interstate Bancorp’s interest in Liberty Brokerage, Inc., New York, New York (a joint venture). Fed. Reg.: Not available Wells Fargo & Company, San Francisco, California, to invest in Star System, Inc. Fed. Reg.: Not available Section IV - Appl ications Not Sub.iect to Federal Register Notice or Newspaper Notice (Cont’d.l None FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/08/95 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending December 8, 1995. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None ♦Under the rating system an institution’s CRA performance following four ratings: is assigned one of the Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompli ance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.