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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDE R A L RESE R V E SYSTEM H. 2, 1992, No. 5 A c t i o n s of the Board, its Staff, and the Federal Reserve Banks; A p p l i c a t i o n s and Reports Received During the W e e k Ending February 1, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES NCNB Corporation, Charlotte, North Carolina -petition for reconsideration of Board1s approval of applications to acquire C&S Sovran Corporation, Atlanta, Georgia, and Norfolk, Virginia. Denied, January 27, 1992. ENFORCEMENT Bank of the Commonwealth, Norfolk, Virginia — written agreement dated January 21, 1992, with the Federal Reserve Bank of Richmond and the Bureau of Financial Institutions of the Commonwealth of Virginia, Richmond, Virginia. Announced, January 30, 1992. Society for Savings Bancorp, Inc., Hartford, Connecticut — written agreement dated January 24, 1992, with the Federal Reserve Bank of Boston. Announced, January 30, 1992. EXTENSIONS OF TIME BankAmerica Corporation, San Francisco, California — extension of comment period to February 28, 1992, on application to acquire Security Pacific Corporation, Los Angeles, California. Granted, January 27, 1992. 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 Bankers Trust Company, Des Moines, Iowa -- to establish an electronic funds transfer at Kum-N-Go, 73rd and University. Approved, January 30, 1992. San Francisco Citizens State Bank of Santa Paula, Santa Paula, California — to establish a branch at 316 Central Avenue, Fillmore, California. Approved, January 29, 1992. H.2 JANUARY 27, 1992 PAGE 2 tO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Richmond First Community Bank, Irtc., Princeton, West Virginia — to operate an electronic funds transfer facility at 3425 East Cumberland Road, Bluefield, West Virginia. Approved, January 28, 1992. Richmond George Mason Bank, Fairfax, Virginia — to establish a branch at 1320 Chain Bridge Road, McLean, Virginia. Approved, January 28, 1992. BANK HOLDING COMPANIES Chicago Arneson Bancshares, Inc., Clear Lake, Iowa — to acquire Clear Lake Bank and Trust, a branch of the Home Federal Savings and Loan Association, Algona, Iowa. Approved, January 31, 1992. Chicago Associated Banc-Corp., Green Bay, Wisconsin — to acquire F & M Financial Services Corporation, Menomonee Falls; F & M North Corporation; F&M Bank, Fond de Lac; F & M Bank, Monomonee Falls; F&M Bank St. Francis, St. Francis; F&M Bank, Whittenberg; Leasenu, Inc., Menomonee Falls; and F & M Trust Company, Inc. Returned, January 27, 1992. Secretary Barnett Banks, Inc., Jacksonville, Florida — to acquire Barnett Bank of Broward County, N.A., Fort Lauderdale, Florida. Approved, January 29, 1992. Secretary Barnett Banks, Inc.,, Jacksonville, Florida — to acquire CXS Corporation Commercial Services, Inc., Jacksonville, Florida. Approved, January 29, 1992. Kansas City Bushton Investment Company, Inc., Hays, Kansas — acquire The Bank of Inman, Inman, Kansas. Approved, January 27, 1992. to H.2 JANUARY 27, 1992 PAGE 3 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Community Bankers, Inc., Granbury, Texas — de novo in lending activities. Returned, January 28, 1992. to engage Chicago Emmetsburg Bank Shares, Inc., Emmetsburg, Iowa -- to acquire certain assets and assume certain liabilities of the Emmetsburg, Iowa, branch of the Home Federal Savings and Loan Association, F.A., Algona, Iowa. Approved, January 31, 1992. Atlanta First Commerce Corporation, New Orleans, Louisiana — to acquire certain assets and assume certain liabilities of Pelican Homestead and Savings Association, Metairie, Louisiana, and to merge Pelican7s branches with Rapides Bank and Trust Company in Alexandria, Alexandria, Louisiana, and two of First Commerce1s other subsidiaries. Approved, January 31, 1992. Chicago Honor Bancorp, Inc., Honor, Michigan — to engage de novo in establishing a collection agency through Honor Recovery Agency, Inc. Returned, January 27, 1992. Chicago Illinois Financial Services, Inc., Chicago, Illinois, and Metropolitan Bancorp — to acquire Civic Federal Savings Bank. Returned, January 27, 1992. Chicago Illinois Financial Services, Inc., Chicago, Illinois, and Metropolitan Bancorp — to acquire Century Federal Savings Bank, FSB. Approved, January 31, 1992. Chicago Independence Bancshares, Inc., Independence, Iowa -to acquire First State Bancorporation, Fredericksburg, Iowa, and acquire Northeast Iowa National Bank, Sumner, Iowa. Approved, January 28, 1992. H.2 JANUARY 27, 1992 PAGE 4 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Koss - Winn Bancshares, Inc., Buffalo Center, Iowa — to acquire certain assets and assume certain liabilities of the Britt, Iowa, branch of the Home Federal Savings and Loan Association, F.A., Algona, Iowa. Approved, January 31, 1992. Chicago Mid - Iowa Bancshares, Inc., Algona, Iowa — to acquire certain assets and assume certain liabilities of the Algona, Iowa, home office of the Home Federal Savings and Loan Association. Approved, January 31, 1992. S t . Louis Mid - South Bancshares, Inc., Paragould, Arkansas -to acquire Far - Mer Bankshares, Inc., Reyno, Arkansas, and Farmers and Merchants Bank. Approved, January 30, 1992. St. Louis Old National Bancorp, Evansville, Indiana, to merge with U.S.B. Corporation, Washington, Indiana, and acquire United Southwest Bank. Approved, January 27, 1992. Cleveland Peoples Bancorp, Inc., Marietta, Ohio — Liberty Savings Bank, F.S.B. Approved, January 31, 1992. Atlanta Phenix - Girard Bancshares, Inc., Phenix City, Alabama — to acquire Phenix-Girard Bank. Approved, January 28, 1992. Chicago Titonka Bancshares, Inc., Titonka, Iowa, and Titonka Savings Bank — to acquire certain assets and assume certain liabilities of the Forest City, Iowa, branch of the Home Federal Savings and Loan Association, F.A., Algona, Iowa. Approved, January 31, 1992. New York U.S. Trust Corporation, New York, New York — to engage de novo in trust company and data processing activities through U.S. Trust Company Limited, New York, New York. Permitted, January 30, 1992. to acquire H.2 JANUARY 27, 1992 PAGE 5 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago West Bend Bancorp, Inc., West Bend, Iowa — to acquire certain assets and assume certain liabilities of the West Bend, Iowa, branch of the Home Federal Savings and Loan Association, F.A., Algona, Iowa. Approved, January 31, 1992. BANK MERGERS New York Chemical Bank, New York, New York — to merge with Chemical Bank Delaware, Wilmington, Delaware, Approved, January 30, 1992. Secretary Fleet Bank - NH, Nashua, New Hampshire — to acquire certain assets and assume certain liabilities of Atlantic Trust Company, Newington, New Hampshire. Approved, January 30, 1992. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — to merge with Old Kent Bank of Lansing, N.A., Lansing, Michigan, and to establish a branch at 232 South Capital. Approved, January 29, 1992. Atlanta Rapides Bank and Trust Company in Alexandria, Alexandria, Louisiana — to acquire certain assets and assume certain liabilities of Pelican Homestead and Savings Association, Metairie, Louisiana, and to establish a branch at 3925 Jackson Street, Alexandria, Louisiana. Approved, January 31, 1992. BANK PREMISES Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — investment in bank premises. Approved, January 29, 1992. Kansas City Union Colony Bank, Greeley, Colorado — bank premises. Approved, January 29, 1992. investment in H.2 JANUARY 27, 1992 PAGE 6 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City Vectra Bank, Denver, Colorado — premises. Approved, January 30, 1992. investment in bank BANKS, STATE MEMBER Director, BS&R Bank of Clarke County, Berryville, Virginia — transfer agent registration. Approved, January 27, 1992. S t . Louis Fayette County Bank, St. Elmo, Illinois — a dividend. Approved, January 30, 1992. payment of CAPITAL STOCK S t . Louis Middleburg Bancorp, Inc., Middleburg, Kentucky — redemption of shares. Approved, January 29, 1992. CHANGE IN BANK CONTROL Minneapolis Cameron Bancorp, Inc., Cameron, Wisconsin — in bank control. Permitted, January 28, 1992. change Minneapolis Farmers State Bank of Denton, Denton, Montana — change in bank control. Permitted, January 30, 1992. S t . Louis Franklin Bancorp, Inc., Franklin, Kentucky — in bank control. Permitted, January 31, 1992. San Francisco Placer Bank of Commerce, Roseville, California — change in bank control. Permitted, January 29, 1992. change H.2 JANUARY 27, 1992 PAGE 7 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS S t . Louis Bank of Murray, Murray, Kentucky, proposed merger with PBC Bank, Inc. -- report on competitive factors. Submitted, January 31, 1992. Philadelphia Beneficial National Bank, Wilmington, Delaware, proposed purchase of certain assets and assumption of certain liabilities of Beneficial Savings Bank, Orlando, Florida — report on competitive factors. Submitted, January 27, 1992. Atlanta Chemical Bank and Trust Company of Florida, N.A., Palm Beach, Florida, proposed merger with Chemical Trust Company of Florida, N.A., Boca Raton, Florida — report on competitive factors. Submitted, January 29, 1992. San Francisco Everett Mutual Savings Bank, Everett, Washington, proposed merger with Everett Mutual Savings Bank, A Stock Savings Bank — report on competitive factors. Submitted, January 30, 1992. St. Louis First Bank, West Frankfort, Illinois, proposed merger with First Bank, Chester, Illinois — report on competitive factors. Submitted, January 27, 1992. Richmond First - Citizens Bank & Trust Company, Raleigh, North Carolina, proposed purchase of certain assets and assumption of certain liabilities of the 2005 North Marine Boulevard, Jacksonville North Carolina, branch of Central Carolina Bank and Trust Company, Durham, North Carolina — report on competitive factors. Submitted, January 28, 1992. Chicago First National Bank of Portage, Portage, Wisconsin, proposed merger with Peoples State Bank, Pittsville, Pittsville, Wisconsin — report on competitive factors. Submitted, January 29, 1992. H.2 JANUARY 27, 1992 PAGE 8 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND tHE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston First NH Bank, Concord, New Hampshire, proposed merger with First NH Bank, N.A., Manchester, New Hampshire — report on competitive factors. Submitted, January 31, 1992. Chicago First State Bank, New London, Wisconsin, proposed merger with New Bank of New London, New London, Wisconsin — report on competitive factors. Submitted, January 29, 1992. Secretary Honfed Bank, a Federal Savings Bank, Honolulu, Hawaii, proposed merger with Bank of America, Federal Savings Bank, Portland, Oregon — report on competitive factors. Submitted, January 28, 1992. Cleveland Mahoning National Bank of Youngstown, Youngstown, Ohio, proposed merger with Mahoning Interim, N.A. - report on competitive factors. Submitted, January 30, 1992. Philadelphia Peoples First National Bank and Trust Company, Hazleton, Pennsylvania, proposed merger with First Eastern Bank, NA., Wilkes-Barre, Pennsylvania — report on competitive factors. Submitted, January 29, 1992. New York Sentry Interim Savings and Loan Association, Stamford, Connecticut, proposed merger with Sentry Savings and Loan Association — report on competitive factors. Permitted, January 30, 1992. New York Village Bank of Connecticut, Stamford, Connecticut, proposed merger with Sentry Savings and Loan Association — report on competitive factors. Submitted, January 30, 1992. H.2 JANUARY 27, 1992 PAGE 9 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, January 29, 1992. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, January 28, 1992. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, January 29, 1992. San Francisco Wells Fargo & Company, San Francisco — divest certain properties. Granted, January 30, 1992. Philadelphia United Bank of Philadelphia, Philadelphia, Pennsylvania — to become a member of the Federal Reserve System. Approved, January 29, 1992. extensions to MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of St. Louis — low-dollar truncation service. Approved, January 29, 1992. to implement a H.2 ADDITIONS AND CORRECTIONS JANUARY 27, 1992 PAGE 10 TO JANUARY 31, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Chicago Kingston State Bank, Kingston, Michigan -- investment in bank premises. Returned, January 22, 1992. FE D E R A L R E S E R V E 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 Berkshire Financial Services, Lee, Massachusetts 3(a)(1) application to acquire 100% of the voting shares of Lee Bank, Lee, Massachusetts* Inc., Newspaper 2-18-92 Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS **Rating Definitions: "O" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE ♦Subject to CRA "N" - Needs to Rating** Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice U.S.B. Holding Company, Inc., Nanuet, New York to acquire up to 26 percent of the voting stock of New Milford Bank and Trust Company, New Milford, Connecticut.!/ 2/24/92 3/ Lakeland First Financial Group, Inc., Succasunna, New Jersey to become a bank holding company through the acquisition of 100 percent of the voting stock of Lakeland Savings Bank, Succasunna, New Jersey upon conversion of Lakeland Savings Bank, S.L.A. to a state chartered savings bank.l/ 2/23/92 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Fuji Bank, Limited, Tokyo, Japan to acquire certain assets of the First Capital Division of The Financial Center Bank, N.A., San Francisco, California and thereby to engage in commercial financing indirectly through its wholly-owned subsidiary, Heller First Capital Corp, Chicago, Illinois. SECTION IV Applications Not Involving ______ Public Comment______ None. N/A SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution'sCRA 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 phe credif 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Week Ending February 1. 1992 NAME OF BANK RATING EXAMINATION DATE None. Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPERNOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO B O M NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending January 31# 1992. 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 Examination Date None. CRA Rating F e d e ra l R e s e rv e B ank of C le v e la n d Applications Bulletin For Week Ending February 1, 1992 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 fr om The Fifth T h i r d Bank, Cincinnati, Ohio, on J a n u a r y 27, 1992, for p e r m i s s i o n to estab l i s h a b r a n c h at 3760 P a xton Avenue, Cincinnati, Ohio. * F e b r u a r y 20, 1992 R e c e i v e d Se c t i o n 18(c) appl i c a t i o n f r o m The State B a n k a n d Trust Company, Defiance, Ohio, on J a n u a r y 28, 1992, to a c quire the Delta, Lyons, a n d Wauseon, Ohio, branc h e s of So c i e t y B a n k & Trust, Toledo, Ohio. * F e b r u a r y 29, 1992 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Rec e i v e d Se c t i o n 3(a) (3) a p p l i c a t i o n from * F: F e b r u a r y 20, 1992 First C o m m o n w e a l t h Financial Corporation, Indiana, Pennsylvania, on J a n u a r y 21, 1992, to acquire Central Bank, Claysburg, Pennsylvania. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d n o t i f i c a t i o n from C o m m u n i t y Independent Bancorp, Inc., West Salem, Ohio, on J a n a u r y 21, 1992, of its intent to engage de novo in p e r f o r m i n g app r a i s a l s of real estate a n d tangible a n d intangible personal property, including securities, pursuant to S e c t i o n 2 2 5 . 2 5 ( b ) (13) of Re g u l a t i o n Y th r o u g h a w h o l l y - o w n e d subsidiary, CIB Appraisal Services, Inc. * N F # - F e b r u a r y 25, S u bject to C R A N e w s p a p e r C o m m e n t Period Federal R e g i s t e r Comment Period E x p e c t e d to e n d a p p r o x i m a t e l y 30 days f r o m the date of r e ceipt of the application. 1992 F e d e ra l R e s e rv e B ank of C le v e la n d Applications Bulletin For W e e k Endi n g F e b r u a r y 1, 1992 Received Section 4 ( c ) (8) application from Provident Bancorp, Inc., Cincinnati, Ohio, on January 24, 1992, to acquire at least 49 percent of the voting shares of Brooks Capital Management, Inc., Cleveland, Ohio. SE C T I O N III February 25, 1932 - A P P L I C A T I O N S S U B J E C T TO F E DERAL R E G I S T E R NOTICE ONLY Received Section 4 ( c ) (8) application from Society Corporation, Cleveland, Ohio, on January 28, 1992, for permission to expand the non-banking activities of its wholly-owned subsidiary, Green Machine Network Corporation, North Olmsted, Ohio. February 26, 1992 S E C T I O N IV - 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 N O T I C E Received three requests from Ohio Citizens Bank, Toledo, Ohio, on January 27, 1992, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve A c t .* * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from the date of receipt of the application. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Union Bancorp, Inc., Bowling Green, Virginia, to become a bank holding company through the acquisition of Union Bank and Trust Company, Bowling Green, Virginia.* 2-23-92 Grayson Bankshares, Inc., Independence, Virginia, to become a bank holding company through the acquisition of Grayson National Bank, Independence, Virginia.* 2-28-92 F & M National Corporation, Winchester, Virginia, to acquire Farmers & Merchants Bank of Keyser, Keyser, West Virginia.* 2-29-92 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date BB&T Financial Corporation, Wilson, North Carolina, to acquire Peoples Federal Savings Bank of Thomasville, Thomasville, North Carolina.* 2-13-92** Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability o£ CftA Public Evaluations Week ending January 31, 1992 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 Blue Ridge Bank 213 N. Locust Street Floyd, Virginia 24091 11-14-91 Rating Satisfactory A p p lic a tio n s F e d e ra 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 J a n u a r y 31. 1992 S e c t i o n 1 - A p p l i c a t i o n s Subject to N e w s p a p e r N o t i c e O n l y Application Comment P e r i o d E n d i n g Date SouthTrust B a n k of Pinellas C o unty St. Petersburg, Florida To me r g e w i t h the N e w Port Richey, Hudson, Florida b r a n c h of M i d - S t a t e Federal Savings Bank, Ocala, Florida, purs u a n t to Section 18(c) of the Federal D e posit Insurance Act. 02-29-92* Se c t i o n 2 - A p p l i c a t i o n s Subject To B o t h N e w s p a p e r a n d Federal R e g i s t e r N o t i c e Application Comment P e r i o d E n d i n g Date Terrabank Holding Corporation Miami, Florida Change in control b y Carlos Salm a n to acquire a n a d d i tional 11.30 p ercent of the shares of common stock. Mr. Salman's ownership w i l l increase to 20.57 percent. Not yet a v ailable* Villages Bancorporation, Inc. Lady Lake, Florida 1-BHC formation, First B a n k of the Villages, Lady Lake, Florida. Not yet a vailable* Camilla Bancshares, Inc. Camilla, G e o r g i a 1-BHC formation, B a n k of Camilla, Georgia. Not yet a v ailable* Camilla, Se c t i o n 3 - A p p l i c a t i o n s Subject to Federal R e g i s t e r N o tice Onl y Application Comment P e r i o d E n ding Date None. ♦Subject to Provisions of Commu n i t y Rei n v e s t m e n t A p p lic a tio n s F e d e ra 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 J a n u a r y 31. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application No n e . 1992 A p p lic a tio n s F e d e ra 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 J a n u a r y 31. 1992 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 lowand 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 helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank None. Rating Date Federal Reserve Bank of Chicago Tffie Section I - Applications Subject to Newspaper Notice Only Content Period Ending n ate Application Merger/ Branch Comerica Bank - Detroit Detroit, Michigan Manufacturers National Bank of Detroit Detroit, Michigan Manufacturers Detroit location* N - ** Branch Canerica Bank - Detroit Detroit, Michigan 12225 W. Warren Avenue, Detroit, Michigan 13650 Michigan Avenue, Detroit, Michigan 16150 Michigan Avenue, Detroit, Michigan 22101 Michigan Avenue, Detroit, Michigan 3655 S. Telegraph Road, Detroit, Michigan 850 N. Telegraph Road, Detroit, Michigan* N - ** Merger/ Oakar/Branch A m e s o n Bancshares, Inc. Clear Lake, Iowa G a m e r Branch of Hone Federal Savings and Loan Association, F.A. Algona, Iowa FR - ** N - ** Merger/ Oakar/Branch Emmetsburg Bank Shares, Inc. FR - ** Emnetsburg, Iowa N - ** Emmetsburg Branch of Home Federal Savings and Loan Association, F.A. Algona, Iowa Merger/ Oakar/Branch Titonka Bancshares, Inc. FR - ** Buffalo Center, Iowa N - ** Forest City Branch of Home Federal Savings and Loan Association, F.A. Algona, Icwa Merger/ Oakar Illinois Financial Services, Inc. Chicago, Illinois Centuiy Federal Savings Bank, FSB Chicago, Illinois FR N - Merger/ Oakar Koss-Winn Banc shares, Inc. Buffalo Center, Iowa Britt Branch of Home Federal Savings and Loan Association, F.A. Algona, Iowa FR - ** N - ** Merger/ Oakar Mid-Icwa Bancshares, Inc. FR - ** Algona, Iowa N - ** Qnmetsburg Branch of Mane Federal Savings and Loan Association, F.A. Algona, Iowa ** ** Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only (Continued^ Comment Period Application Ending nate west Bend Bancorp West Bend, Icwa Home Office of Heme Federal Savings and Loan Association, F.A. Algona, Iowa FR - ** N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Application Ending Date Dixon Bancshares, Inc. Rolfe, Iowa Rolfe State Bank Rolfe, Icwa Citizens State Bank Sheldon, Icwa* FR - 2-3-92 N - 1-20-92 Ccmerica Incorporated FR - ** Detroit, Michigan N - ** Manufacturers National Corporation Detroit, Michigan Manufacturers National Bank Detroit, Michigan Manufacturers National Bank of Ann Arbor Ann Arbor, Michigan Manufacturers Bank-Wilmington Newark, Delaware Manufacturers Bank and Trust of Florida Palm Beach Gardens, Florida Affiliated Bank Franklin Park, Illinois Manufacturers National Bank of Grand Rapids Grand Rapids, Michigan Manufacturers Bank of Lansing Lansing, Michigan Affiliated Banc Group, Inc. Morton Grove, Illinois* Manufacturers National Corporation FR - ** Detroit, Michigan N - ** Ccmerica Incorporated, Detroit, Michigan Comerica Bank-Detroit, Detroit, Michigan Ccmerica Bank-Midwest, National Association Toledo, Ohio Ccmerica Bank-Texas, Dallas, Texas Plaza Bank of Commerce San Jose, California Bank of Industry, City of Industry, California Ccmerica Trust Company of Florida Boca Raton, Florida* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper Register notice ^Continued V FaAarai Carment Period Application Rnriinf^ nat-<a Manufacturers-Detroit International Corporation East Detroit, Michigan Canerica Incorporated Detroit, Michigan FR - ** Y-l Old State Bank Corporation Fremont, Michigan Hie Old State Bank of Fremont Fremont, Michigan* FR - 1-13-92 N - 1-18-92 Y-l Fairmount Banking Company Fairmount, Indiana Hie Fairmount State Bank Fairmount, Indiana* FR - ** N - ** CoC-HC N - ** Section III - Applications Subject to Federal Register Notice Only Gcmnent Period Type Application 4(c)(8) ABN AMRO North America, Inc Chicago, Illinois ABN AMRO Securities, Inc. New York, New York FR - ** 4(c)(8) ABN/AMRO Holding N.V. Amsterdam, Hie Netherlands ABN AMRO Securities, lie. New York, New York FR - ** 4(c)(8) ABN AMRO Bank N.V. Amsterdam, The Netherlands ABN AMRO Securities, Inc. New York, New York FR - ** 4(c) (8) Stichting Administratiekantoar ABN AMRO Holding Amsterdam, The Netherlands ABN AMRO Securities, Inc. New York, New York FR - ** 4(c)(8) Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands ABN AMRO Securities, Inc. New York, New York FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only (Continued1 Application Comment Period Ending nate Canerica Incorporated FR - ** Detroit, Michigan Affiliated Asset-Based Tending Services, Inc. Morton Grove, Illinois Manucor Agency, Inc. Detroit, Michigan Manucor Insurance Corporation Detroit, Michigan Manufacturers Affiliated Trust Company Chicago, Illinois Manufacturers Bank and Trust of Florida, N.A. Palm Beach Gardens, Florida Manufacturers Bank-Wilmington Wilmington, Delaware Manufacturers Federal Savings Bank (in formation) Palm Beach Gardens, Florida ML, Inc. (D/B/A Magic Line) Dearborn, Michigan NSOC Leasing Carp. Morton Grove, Illinois Wilson, Kenp & Associates, Inc. Detroit, Michigan Manufacturers National Corporation FR - ** Detroit, Michigan Canerica Acceptance Corporation Auburn Hills, Michigan Canerica Bank-Florida, Federal Savings Bank Clearwater, Florida Canerica Brokers, Inc. Detroit, Michigan Canerica Capital Management, Inc. Detroit, Michigan Canerica Corporate Services, Incorporated Detroit, Michigan Canerica Properties Corporation Auburn Hills, Michigan Canerica Trust Company of Florida, National Association Boca Raton, Florida ML, Inc. (D/B/A Magic Line) Dearborn, Michigan Plaza Realty Advisors San Jose, California Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only { Continued! Cement Period FnrKnq nate Type Application Y-4 Irwin Financial Corporation FR - ** Columbus, Indiana Primed Financial Services, Inc. Chesapeake, Virginia— extensions of credit for the account of health care providers engaged in consumer finance account Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Tanco, Ltd. Guttenberg, Iowa To redeem 106,240 shares of voting preferred stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community 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 January 31, 1992. 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. 5-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 EXAMINATION DATE -Old Kent Bank Southwest 210 East Main Street Niles, Michigan 49120 -Byron Center State Bank 2445 84th Street, S.W. Byron Center, Michigan -Bank of Lakeview 506 Lincoln Avenue Lakeview, Michigan 49315 RATING 10/15/91 S 10/21/91 S 10/28/91 NI Federal Reserve Bank of St. Louis FOR THE WEEK ENDING JANUARY 3 1 , 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE A p p lic a tio n End o f Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End o f Comment P erio d S e c tio n 3 ( a ) ( 3 ) a p p li c a ti o n by Hid-South Bancorp, I n c . , F ra n k lin , Kentucky to a cq u ire F i r s t C itiz e n s Bank, F ra n k lin , Tennessee Newspaper: 2 - 2 4 - 9 2 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE A p p lic a tio n End o f Comnent P erio d S e c tio n 4 ( c ) ( 8 ) a p p lic a tio n by Boatm en's B a n csh a re s, I n c . , S t . L o u is, M isso u ri to a cq u ire S u p erio r F e d e ra l Bank, F . S . B . , F o r t Smith, A rkansas Not y e t a v a ila b l e SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Appumlbn End of Comment Period None. Tfri* application is subject to CRA. FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, M issouri A V A IL A B IL IT Y OF CRA PU BLIC 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 of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank None January 31, 1992 Bank Address Examination Date Examination Rating FEDERAL RESERVE BAMS OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date__ Dairyland Bank Holding Corporation La Crosse, WI To acquire 100% of Bank of Alma, Alma, WI* Not yet available Dairyland Bank Holding Corporation La Crosse, WI To acquire 91.85% of the La Farge State Bank, La Farge, WI* Not yet available McVille Financial Services, Inc. McVille, ND To acquire 100% of McVille State Bank, McVille, ND* First Bank System, Inc. Mpls, MN To acquire 100% of Siouxland Bank Holding Company, Scottsdale, Arizona, a multibank holding company owning Dakota Bank and Trust Company, Fargo, ND and First National Bank of Hettinger, Hettinger, North Dakota* Thompson Insurance, Inc. Bismarck, ND To acquire 91.77% of the First Security Bank of Havre, Havre, MT* * Subject to CRA 12-17-91 (Federal Register) Not yet available Not yet available 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 III - Applications Subject to Federal Register Notice OnlyComment Period Ending Date Application Norwest Corporation Mpls, MN To engage indirectly through Rural Community Insurance, Inc., an in direct subsidiary of Norwest Cor poration, in crop insurance managing agent business through a lease agree ment with National Ag Underwriters, Inc., Anoka, MN Not yet available Norwest Corporation Mpls, MN To engage in combining data processing, data transmission services, facilities and data bases to local boards of realty and their members through the acquisi tion of U.S. Recognition, Inc., Ringwood, New Jersey Not yet available First Bank System, Inc. Mpls, MN To engage in data processing through the acquisition of Dakota Data Processing, Inc., Fargo, ND Not yet available First Bank System, Inc. Mpls, MN To engage in performing trust company functions through the acquisition of of Dakota First Trust Co., Fargo, ND Not yet available 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 January 31, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK(S ) EXAMINED DATE OF EXAMINATION State Bank of Alcester P. 0. Box 8 Alcester, SD 57001 (605) 934-2500 October 28, 1991 Citizens State Bank P. 0. Box 378 Arlington, SD 57212 (605) 983-5594 October 21, 1991 CRA RATING Outstanding Satisfactory Farmers & Merchants Bank P. 0. Box 848 Huron, SD 57350 (605) 352-6444 November 4, 1991 Outstanding Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SDBJECT TO NEWSPAPER NOTICE ONLY APPLICATION City Center Bank of Colorado, Aurora, Colorado, for prior approval for membership in the Federal Reserve System. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Kim M. and Linda S. Ricketts, Marceline, Missouri, for prior approval to increase their proportionate ownership interest in RMB Bancshares, Inc., Marceline, Missouri, from 20 percent to 28.75 percent. COMMENT PERIOD ENDING DATE Not Available REVISED from the January 17, 1992 Bulletin C. B. Graft, Clinton, Oklahoma, and Don C. McNeill, Edmond, Oklahoma, for prior approval to each acquire a 50 percent ownership interest in Leedey Bancorporation, Inc., Leedey, Oklahoma. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None Federal Reserve Bank of Kansas City 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 ascertaining and helping to entire delineated community, income neighborhoods, in a resources and capabilities. has a satisfactory record of meet the credit needs of its including low- and moderatemanner consistent with its Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date CRA Public Date Western Bank of Cody P.0. Box 218 Cody, Wyoming 82414-0218 11-4-91 1-27-92 Satisfactory Bank of Rangely P.O. Box 1088 Rangely, Colorado 11-4-91 1-28-92 Needs to Improve 10-29-91 1-28-92 Needs to Improve First Security Bank P.O. Box 460 New Castle, Wyoming CRA Rating 81648-1088 82721-0460 Federal Reserve Bank of Kansas City The First State Bank 11-4-91 P.O. Box 427 Fairfax, Oklahoma 74637-0427 1-30-92 Satisfactory The Stock Exchange Bank 11-4-91 P.O. Box 273 Caldwell, Kansas 67022-0273* 1-30-92 Satisfactory *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 27, 1992 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 ^Section 3(a)(1) application by First Tule Bancorp of Delaware, Inc., WiIminoton, DE, to acquire The First National Bank of Tulia, Tulia, TX 2-22-92 (Republished) *Section 3(a)(1) application by Lockhart Bankshares, Inc., Lockhart, TX, to acquire Lockhart Bankshares-Delaware, Inc., Wilmington, DE, and First-Lockhart National Bank, Lockhart, TX 2-22-92 *Section 3(a)(1) application by Lockhart Bankshares-Delaware, Inc., Wilmington, DE, to acquire First-Lockhart National Bank, Lockhart, TX 2-22-92 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Delhi Bancshares, Inc., Delhi, LA, to redeem 15,752 shares of its common stock * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF JANUARY 27, 1992 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 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 Minden Bank & Trust Company 401 Main Street P. 0. Box 400 Minden, Louisiana 71058-0400 Date of Examination 10-28-91 CRA Rating Outstanding FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 1/31/92 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice None Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week ending 1/31/92 Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Farmers and Merchants Bank of Forest Grove (now called Valley Commercial Bank) P.0. Box 766 Forest Grove, OR 97116 Tel: (503) 359-4495 Examination Date 10/21/91 Rating* Satisfactory * Under the rating system an institution's CRA performance is assigned one of the following four ratings: OUTSTANDING: An institution assigned this rating has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: An institution assigned this rating has a satisfactory record of ascertaining and meeting the credit needs of its delineated community. NEEDS TO IMPROVE: An institution assigned this rating needs to improve its overall record of ascertaining and meeting the credit needs of its delineated community. SUBSTANTIAL NONCOMPLIANCE: An institution assigned this rating has a substantially deficient record of ascertaining and meeting the credit needs of its delineated community.