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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1994, No. 7 Actions of the Board, its Staff, and Pv£SCAR£!hh!BF6&£ral Reserve Banks; Applications and Reports Received During the Week Ending February 12, 1994 Has 7 8 ss AH *9*5 ACTIONS TAKEN BY THE BOARD OF 80VE^|SAL R^ — ------------------------------------------------OfcXUVELANP----TESTIMONY AND STATEMENTS Community Reinvestment Act reform effort -- statement by Governor Lindsey before the Subcommittee on Consumer Credit and Insurance of the House Committee on Banking, Finance and Urban Affairs, February 8, 1994. Published, February 8, 1994. Credit card pricing -- statement in lieu of testimony on pending legislation submitted to the Subcommittee on Consumer Credit and Insurance of the House Committee on Banking, Finance and Urban Affairs, February 9, 1994. Published, February 7, 1994. BANK HOLDING COMPANIES National City Corporation, Cleveland, Ohio -- to engage de novo in underwriting and dealing in certain bank-*ineligible securities on a limited basis, and in other securities-related activities through National City Investments Corporation. Permitted, February 9, 1994. BANKS. STATE MEMBER Bank of Elmwood, Racine, Wisconsin -- to invest in the Racine Development Group, Inc., a community development corporation. Approved, February 7, 1994. ENFORCEMENT Bank of the Commonwealth, Norfolk, Virginia -written agreement dated January 21, 1992, terminated January 5, 1994. Announced, February 10, 1994. Bankers Trust Company, Des Moines, Iowa -- written agreement dated April 8, 1991, terminated November 23, 1993. Announced, February 10, 1994. BCCI Holdings (Luxembourg) S.A., Luxembourg -January 8, 1994, agreement with Sheikh Zayed bin Sultan Al-Nahyan of Abu Dhabi, United Arab Emirates, and other individuals and entities comprising the Abu Dhabi parties to settle claims arising from the activities of BCCI. Published, February 7, 1994. H.2 FEBRUARY 7, 1994 PAGE 2 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE BOARD OF OOVERNORS ENFORCEMENT Citizens Savings Bank Company, Pemberville, Ohio -written agreement dated December 8, 1993, with the Federal Reserve Bank of Cleveland, and the Superintendent of Banks for the State of Ohio. Announced, February 8, 1994. Glenwood State Bank, Glenwood, Iowa -- written agreement dated September 10, 1991, terminated December 3, 1993. Announced, February 10, 1994. Greater Southwest Bancshares, Inc., Irving, Texas, and H. Gary Blankenship, written agreements dated March 1, 1991, terminated October 18, 1993. Announced, February 10, 1994. Hibernia Corporation, New Orleans, Louisiana written agreement dated December 23, 1991, terminated October 28, 1993. Announced, February 10, 1994. Prosperity Bank and Trust Springfield, Virginia -written agreement dated March 3, 1992, terminated January 14, 1994. Announced, February 10, 1994. PT Bank Niaga, Jakarta, Indonesia, and its Los Angeles agency -- amendment to a written agreement, dated January 8, 1993, with the Federal Reserve Bank of San Francisco. Announced, February 10, 1994. Resource Bank, Virginia Beach, Virginia -- written agreement dated October 28, 1991, terminated on November 3, 1993. Announced, February 10, 1994. Shawmut National Corporation, Boston, Massachusetts - written agreement dated October 1, 1991, terminated October 22, 1993. Announced, February 10, 1994. RESERVE BANK SERVICES Fedwire -- expansion of on-line funds transfer operating hours; no change in hours for securities transfer service; and public comment to be sought on new securities transfer service features. Approved, February 9, 1994. H.2 FEBRUARY 7, 1994 PAGE 3 TO FEBRUARY 11, 1994 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 Cleveland Metamora State Bank, Metamora, Ohio --t o establish a branch at the corner of Erie and Centennial Roads, Sylvania, Ohio. Approved, February 8, 1994. BANK HOLDING COMPANIES Richmond Allied Irish Banks, p.l.c., Dublin, Ireland -- to engage in investment advisory activities for the purchase and sale of financial futures and options and to provide foreign exchange advisory services through Allied Irish Capital Management Ltd. Approved, February 9, 1994. San Francisco California Bancshares, Inc., San Ramon, California -to merge with MBC Corp., Modesto, California, and acquire Modesto Banking Company. Approved, February 8, 1994. New York Chemical Banking Corporation, New York, New York -to acquire Barclays Commercial Corporation, Charlotte, North Carolina, and engage in commercial finance activities. Approved, February 9, 1994. H.2 FEBRUARY 7, 1994 PAGE 4 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Columbia Banking System, Inc., Tacoma, Washington -proposal that Columbia State Bank, merge with Columbia Savings Bank, FSB, Bellevue, Washington. Approved, February 7, 1994. San Francisco Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -- to acquire Barclays Commercial Corporation, Charlotte, North Carolina. Approved, February 7, 1994. St. Louis First Banks, Inc., St. Louis, Missouri -- to acquire Heritage National Bank, and to merge Heritage with First Bank, Creve Coeur, Missouri. Approved, February 9, 1994. Secretary First Commercial Corporation, Little Rock, Arkansas - to acquire State First Financial Corporation, Texarkana, Arkansas, First National Bank of Texarkana; American National Bank of Texarkana, Texarkana, Texas, First National Bank of Nashville, Nashville, Arkansas; First National Bank of Ashdown, Ashdown, Arkansas, and Atlanta National Bank, Atlanta, Texas. Approved, February 8, 1994. Chicago First Park Ridge Corporation, Chicago, Illinois -- to acquire Stanford State Bank, Morton Grove, Illinois (renamed First State Bank of Gurnee, Gurnee, Illinois). Approved, February 10, 1994. Richmond First Union Corporation, Charlotte, North Carolina -proposal that First Union National Bank of North Carolina, merge with American Commercial Savings Bank, Inc., SSB, Monroe, North Carolina. Approved, February 9, 1994. Richmond First Union Corporation, Charlotte, North Carolina -determination that no application be required to merge with American Bancshares, Inc., Monroe, North Carolina. Granted, February 9, 1994. H .2 FEBRUARY 7, <1994 PAGE 5 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Fourth Financial Corporation, Wichita, Kansas -- to acquire Bank IV Missouri, N.A., Springfield, Missouri. Approved, February 11, 1994. Kansas City Independent Bankshares, Inc., Glenwood Springs, Colorado -- to acquire Glenwood Independent Bank. Approved, February 10, 1994. Chicago Lincolnland Bancshares, Inc., Casey, Illinois -- to acquire Westfield State Bank, Westfield, Illinois. Approved, February 9, 1994. Director, BS&R Penn Central Bancorp, Inc., Huntingdon, Pennsylvania -- transfer agent registration. Withdrawn, February 9, 1994. Dallas Woodforest Bancshares, Inc., Houston, Texas -- to engage de novo in tax planning and preparation services. Permitted, February 11, 1994. BANK PREMISES Chicago Bankers Trust Company, Des Moines, Iowa -- investment in bank premises. Approved, February 11, 1994. Atlanta Barnett Bank of Volusia County, Deland, Florida -investment in bank premises. Approved, February 9, 1994. Kansas City WestStar Bank, Bartlesville, Oklahoma -- investment in bank premises. Approved, February 9, 1994. CAPITAL STOCK Kansas City First Bancshares, Inc., Kansas City, Missouri -redemption of shares. Approved, February 8, 1994. H.2 FEBRUARY 7, 1994 PAGE 6 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Kansas City Maple Hill Bancshares, Inc., Maple Hill, Kansas -redemption of shares. Approved, February 8, 1994. Minneapolis Sargent Bankshares, Inc., Forman, South Dakota -redemption of shares. Returned, February 7, 1994. Minneapolis United Bancor, Ltd., Dickinson, North Dakota -redemption of shares. Returned, February 8, 1994. CHANGE IN BANK CONTROL Kansas City First Bancshares, Inc., Kansas City, Missouri change in bank control. Permitted, February 8, 1994. Richmond Pee Dee Bancshares, Inc., Timmonsville, South Carolina -- change in bank control. Permitted, February 8, 1994. Minneapolis United Bancor, Ltd., Dickinson, North Dakota change in bank control. Returned, February 8, 1994. COMPETITIVE FACTORS REPORTS Chicago Associated Bank Milwaukee, Milwaukee, Wisconsin, proposed merger with Associated Bank Menomonee Falls, Menomonee Falls, Wisconsin -- report on competitive factors. Submitted, February 7, 1994. Chicago Bank of Casey, Casey, Illinois, proposed merger with Westfield State Bank, Westfield, Illinois -- report on competitive factors. Submitted, February 9, 1994. Chicago Barrington Bancorp, Inc. Barrington, Illinois, proposed acquisition of First Federal Savings and Loan Association of Barrington -- report on competitive factors. Submitted, February 10, 1994. H.2 FEBRUARY 7, 1994 PAGE 7 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Compass Bank, Fort Walton Beach, Florida, proposed acquisition of the Jacksonville Beach, Callahan and St. Augustine, Florida, branches of Anchor Savings Bank, FSB, Hewlett, New York -- report on competitive factors. Submitted, February 7, 1994. Richmond FirstSouth Bank, Burlington, North Carolina, proposed purchase of certain assets and assumption of certain liabilities of the Yanceyville, North Carolina, branch of Wachovia Bank of North Carolina, N.A., Winston-Salem, North Carolina -report on competitive factors. Submitted, February 8, 1994. Chicago Inter-City Bank, Benton Harbor, Michigan, proposed merger with Citizens Trust and Savings Bank, South Haven, Michigan -- report on competitive factors. Submitted, February 8, 1994. Minneapolis Liberty Savings, FSB, St. Cloud, Minnesota, proposed merger with Liberty Savings, Inc. -- report on competitive factors. Submitted, February 11, 1994. Richmond One Valley Bank of Martinsburg, National Association, Martinsburg, West Virginia, proposed merger with One Valley Bank-East, National Association -report on competitive factors. Submitted, February 9, 1994. Richmond One Valley Bank of Morgantown, Inc., Morgantown, West Virginia, proposed merger with The Empire National Bank of Clarksburg, Clarksburg, West Virginia -report on competitive factors. Submitted, February 9, 1994. Atlanta Peoples Bank, Dickson, Tennessee, proposed acquisition of the Tennessee Ridge branch of Cumberland City Bank, Cumberland City, Tennessee -report on competitive factors. Submitted, February 7, 1994. H.2 FEBRUARY 7, 1994 PAGE 8 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Republic Bank & Trust, Louisville, Kentucky, proposed merger with Bank of Shelby County, Shelbyville, Kentucky -- report on competitive factors. Submitted, February 11, 1994. Atlanta Republic Security Financial Corporation, West Palm Beach, Florida, proposed acquisition of Governors Bank Corporation, and Governors Bank -- report on competitive factors. Submitted, February 8, 1994. Atlanta SouthTrust Bank of Georgia, National Association, Atlanta, Georgia, proposed acquisition of certain assets and assumption of certain liabilities of HomeBanc, FSB, Atlanta, Georgia -- report on competitive factors. Submitted, February 7, 1994. San Francisco Tri Counties Bank, Chico, California, proposed merger with Country National Bank, Redding, California -report on competitive factors. Submitted, February 9, 1994. EXTENSIONS OF TIME Atlanta ' St. Louis St. Louis Bank South Corporation, Atlanta, Georgia -- extension to May 12, 1994, to engage de novo in arranging commercial real estate equity financing through Bank South Securities Corporation. Granted, February 7, 1994. First Banks, Inc., St. Louis, Missouri -- extension to May 9, 1994, to acquire shares of Southside Bancshares Corp. Granted, February 10, 1994. National Commerce Bancorporation, Memphis, Tennessee -- extension to May 27, 1994, to expand the geographic scope of activities of National Commerce Finance Company, Germantown, Tennessee, a subsidiary of NBC. Granted, February 9, 1994. H .2 FEBRUARY 7, 1994 PAGE 9 TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond NationsBank Corporation, Charlotte, North Carolina extension to May 11, 1994, to engage de novo in trust activities through NationsBank Trust Company of New York, New York, New York. Granted, February 8, 1994. San Francisco Sakura Bank, Ltd., Tokyo, Japan -- extension to divest certain property. Granted, February 8, 1994. Dallas Texas Bancshares Subsidiary Corporation, Wilmington, Delaware -- extension to March 3, 1994, to acquire The Bank of South Texas, Floresville, Texas, and First National Bank of South Texas, Rio Grande, Texas. Granted, February 8, 1994. Chicago Whitewater Bancorp, Inc., Whitewater, Wisconsin -extension to May 27, 1994, to engage in lending activities, equity investments, and general partnership investments that are involved in community development through CRA Development Corporation. Granted, February 7, 1994. INTERNATIONAL OPERATIONS Minneapolis Norwest Bank International, Minneapolis, Minnesota to establish a branch in Fort Wayne, Indiana. Approved, February 7, 1994. Minneapolis Norwest Bank International, Minneapolis, Minnesota - to establish a branch in Phoenix, Arizona. Approved, February 11, 1994. Richmond F&M Bank-Emporia, Emporia, Virginia --t o become a member of the Federal Reserve System. Approved, February 11, 1994. MEMBERSHIP H.2 FEBRUARY 7, 1994 PAGE 10 ADDITIONS AND CORRECTIONS TO FEBRUARY 11, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES California earthquake -- temporary exceptions to certain provisions of Regulation Z and the Board's appraisal regulation to grant relief in earthquake disaster areas. Approved, February 4, 1994. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Mutual Bancshares Corporation, Milwaukee, Wisconsin - to acquire Mutual Savings Bank. Withdrawn, February 1, 1994. FEDERAL RESERVE B A N K OF B O S T O N APPLIC A T I O N S SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating* NONE *Rating Definitions: "0" - Outstanding; "S" - Satisfactory; "N" Needs to Improve; "SN" - Substantial Noncompliance. Federal Reserve Bank o f 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 None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Societe Generale, Paris, France, to engage through its whollyowned indirect subsidiary, FIMAT Futures USA, Inc., in acting as agent and providing investment advice in connection with spot, forward and over-the-counter options transactions in foreign currency; acting as agent and providing investment advice in connection with interest rate swap and currency swap transactions and swap derivative products; buying and selling foreign government securities on the order of investors as a riskless principal. 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. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE B.M.J. Financial Coro, Bordentown, NJ has filed a notice for Eva G. Murr to increase her ownership of stock from 9.924% to 24.9%, pursuant to the Change in Bank Control Act. Newspaper comment period expires: Fed. Reg. comment period expires: 2/20/94 3/2/94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Meridian Bancorp. Inc., Reading, PA requests approval to acquire 100% of McGlinn Capital Management, Inc., Wyomissing, PA, pursuant to Section 4(c)(8) of the BHC Act. Fed. Register comment period expires: N/A 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 February 11, 1994. 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 Fed eral R e se rv e Bank o f C le v e la n d Applications Bulletin For W e e k E n ding F e b r u a r y 12, 1994 S E C T I O N I - 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 ONL Y Received prior notice from PremierBank & * Not Yet Known # Trust, Elyria, Ohio, on February 7, 1994, of its intent to establish CBCT branches at Station Square, 291-297 South Main Street, Oberlin, Ohio, and Wal Mart, 1760 Columbus Pike, Delaware, Ohio. Received prior notice from Fifth Third Bank, * February 27, 1994 Cincinnati, Ohio, on February 7, 1994, of its intent to establish CBCT branches at 5701 Delhi Road, Cincinnati, Ohio, and 3600 Terminal Drive Vandalia, Ohio. S E C T I O N II - A P P L I C A T I O N S SUBJECT TO B OTH N E W S P A P E R AND FEDERAL R E G I S T E R N O T I C E Received Section 4 (c)(8) application from * Not Yet Known # Mellon Bank Corporation, Pittsburgh, Pennsylvania, on January 3, 1994, to acquire Dreyfus Security Savings Bank, FSB, Paramus, New Jersey, and Dreyfus Trust Company, Uniondale, New York. S E C T I O N III - A P P L I C A T I O N S SUBJECT TO FE D E R A L R E G I S T E R N O T I C E ONLY Received application from Star Bank, N.A., Cincinnati, Ohio, on January 18, 1994, of its intent to establish a foreign branch on Grand Caymen Island, Cayman Islands. Not Yet Known # Received Section 4 ( c ) (8) application from Not Yet Known # Mellon Bank Corporation, Pittsburgh, Pennsylvania, on February 7, 1994, to acquire The Truepenney Corporation, The Trotwood Corporation, The Trotwood Hunters Site A Corporation, The Trustwood Hunters Corporation, and Dreyfus Realty Advisors, Inc., all located in New York, New York. * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Applications Bulletin For Week Ending February 12, 1994 S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO F E DERAL R E G I S T E R NOTICE ONLY Received Section 4 ( c ) (8) Notification from Banc One Corporation, Columbus, Ohio, and Banc One Colorado Corporation, Montrose, Colorado, on February 11, 1994, to engage in trust activities through Bank One Colorado Trust Company, N.A. , Denver, Colorado. Not Yet Known # 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 NOT I C E OR N E W S P A P E R N O T I C E None* * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. A V A I L A B I L I T Y OF C R A PUBLIC E V A L U A T I O N S (February 11, 1994) 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 February 11, 1994. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. S U B S T A N T I A L N O N COMPLIANCE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The Apple Creek Banking Co. 3 West Main Street Apple Creek, Ohio 44606 (216) 698-2631 Rating: Outstanding Exam Date: November 8, 1993 The Exchange Bank 235 Main Street Luckey, Ohio 43443 (419) 833-3401 Rating: Outstanding Exam Date November 15, 1993 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Community Bank, Forest, Virginia, to acquire the assets and assume the liabilities of the Moneta, Virginia, branch of First Union National Bank of Roanoke, Roanoke, Virginia.* 2-25-94 Chase Bank of Maryland, Baltimore, Maryland, to establish an Electronic Funds Transfer Facility at 11011 McCormick Road, Hunt Valley, Maryland.* 3-3-94 First Citizens Bancshares, Inc., Raleigh, North Carolina, to have its subsidiary, First-Citizens Bank & Trust Company, Raleigh, North Carolina, acquire the Gastonia, North Carolina, branch office of Home Savings Bank, S.S.B., Kings Mountain, North Carolina* 3-4-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application First Bank, Strasburg, Virginia, for membership in the Federal Reserve System.* *Application is subject to CRA requirements. Comment Period Ending Date Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending February 11, 1994 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 Bank of Loudoun 30 Catoctin Circle Leesburg, Virginia 22075 11-22-93 Rating Satisfactory Applications F e d e r a l R e s e r v e B a n k of A t l a n t a B u l l e t i n fo r W e e k E n d i n g F e b r u a r y 11. 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date BancAlabama, Inc. Huntsville, Alabama After-the-fact change in control notice by Mr. William Robert Collins to retain 11.9 percent of the common stock of BancAlabama, Inc., Huntsville, Alabama. Total ownership will equal 14.3 percent. Not yet available* First Alabama Bancshares, Inc. Not yet available* Birmingham, Alabama To merge with Guaranty Bancorp, Inc., Baton Rouge, Louisiana, and thereby directly acquire Guaranty Bank & Trust Company, Baton Rouge, Louisiana, pursuant to Section 3 ( a ) (5) of the Bank Holding Company A c t . First Colony Bancshares, Inc. Not yet available* Roswell, Georgia Change in control notice by Ms. Joyce Williams Porter to acquire an additional 14.06 percent of the outstanding shares of common stock of First Colony Bancshares, Inc., Roswell, Georgia. Total ownership will equal 14.13 percent. Hartsville Bancshares, Inc. ESOP Not yet available* Hartsville, Tennessee To acquire up to 6.5 percent of additional shares of Hartsville Bancshares, Inc., Hartsville, Tennessee, which is the parent company of Bank of Hartsville, Hartsville, Tennessee, pursuant to Section 3 ( a ) (3) of the Bank Holding Company A c t . Total ownership will increase from 38.6 to 45.07 percent. ♦Subject to provisions of the Community Reinvestment Act. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n f o r W e e k E n d i n g F e b r u a r y 11. 1994 Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Compass Bancshares, Inc. Not yet available Birmingham, Alabama To acquire through merger into its wholly-owned thrift subsidiary, Compass Bank, Jacksonville, Florida, three Florida branches of Anchor Savings Bank, FSB, Hewlett, New York, pursuant to Section 4 (c)(8) of the Bank Holding Company A c t . The branches are located at 305 South Kings Road, Callahan, Florida; 924 Beach Boulevard, Jacksonville, Florida; and 1965 State Road 3, St. Augustine, Florida. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application SouthTrust Corporation Birmingham, Alabama Request for waiver of the application requirement of Section 3(a)(3) of the Bank Holding company Act for the proposal to acquire Island Bank of Collier County, Marco Island, Florida. Applications F e d e r a l R e s e r v e B a n k of A t l a n t a B u l l e t i n f o r W e e k E n d i n g F e b r u a r y 11. 1994 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: record of meeting 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. Outstanding record of m e e t i n g c o m m u n i t y cred i t needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory to improve r e c o r d of m e e t i n g c o m m u n i t y 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. Needs in m e e t i n g c o m m u n i t y 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. Subs t a n t i a l n o n c o m p l i a n c e Examination Bank First American Bank of Indian River County 4000 20th Street Vero Beach, Florida 32960 (407)567-0552 First American Bank of Pelham, Post Office Box 100 Pelham, Alabama 35124 (205)663-4750 First Bank & Trust Company Post Office Box 272170 Tampa, Florida 33688 (813)932-1885 Rating Satisfactory Satisfactory Needs to Improve Date 10-18-93 11-01-93 11-01-93 F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s Bu l l e t i n for W e e k E nding F e b r u a r y 11, 1994 Section 10 - Availability of CRA Public Evaluations Examination Bank Central State Bank Post Office Box 180 Calera, Alabama 35040 (205)668-0711 Rating Satisfactory Date 11-01-93 Federal Reserve Bank of Chicago Section I - A p p l i c a t i o n s S u b j e c t to N e w s p a p e r Notice Only Comment Period Ending Date Type Application B r a n c h / 2 4A/ SMB-OT Bankers Trust Company D e s Moines, Iowa Corner of Euclid & Cambridge Avenue D e s Moines, Iowa* N - 3-4-94 Branch Comerica Bank Detroit, Michigan 1 5 2 5 1 24 M i l e R o a d M a c o m b Towns h i p , M i c h i g a n * N - ** Branch Comerica Bank-Illinois Skokie, I l l i n o i s Northeast Corner of Milwaukee Avenue O l d H a l f D a y Road, L i n c o l n s h i r e , Illinois* N - 2-10-94 Branch First Bank North Freeport, Illinois 3 9 5 7 N. M u l f o r d R o a d Rockford, Illinois* & N Federal Reserve Bank of Chicago Sectiqn II - A p p l i c a t i o n s S u b j e c t to Bo t h N e w s p a p e r a n d F e d e r a l Register Notice Comment Period E n d i n g Date Type Application Y-2 C a p i t o l Bancorp, Ltd. Lansing, M i c h i g a n F i n a n c i a l C e n t e r Corporation Holland, M i c h i g a n Paragon Bank Holland, M i c h i g a n * FR N - CoC-HC I l l i n o i s V a l l e y Bancorp, Inc. Morris, Illinois R o n a l d L. Wohlwend, R o n a l d L. Wohlwend, Trustee, J a c k Lewis T r u s t UTA DTD, C a t h e r i n e L e wis T r u s t UTA D T A FR N 2-1-94 . ** Y-l A n t i o c h B a n c s h a r e s , Inc. Em p l o y e e S a v i n g s a n d S t o c k Ow n e r s h i p Antioch, Illinois A n t i o c h B a n cshares, Inc. Antioch, I l l i n o i s * FR N - 2- 1 1 - 9 4 - 2- 2 5 - 9 4 Y-2 Mahaska Investment Company Oskaloosa, I owa Ta i n tor S a v i n g s B a n k N e w Sharon, Iowa* FR NP - 2-22-94 - 10-25-93 Y -l H o o s i e r H i l l s F i n a n c i a l C orporation E m p l o y e e s S t o c k O w n e r s h i p Plan Osgood, Ind i a n a H o o s i e r H i l l s F i n a n c i a l C orporation Osgood, I n d i a n a Th e R i p l e y C o u n t y B a n k O s g o o d , Indiana* FR NP - 2- 11-94 - 2-4-94 CoC-HC B a n k l l l i n o i s F i n a n c i a l Co. Champaign, I l l i n o i s Va n A. D u k e m a n ; D a v i d J. Downey, S h a p l a n d & G r e g o r y B. Lyk i n s FR NP - 2- 2 2 - 9 4 - 2- 1 4 - 9 4 FR N 2- 2 2-94 2- 1 0-94 Y-2 C e n t r a l I l l i n o i s Bancorp, Sidney, I l l i n o i s H i l l s i d e I n v e s t o r s Ltd. Hillside, I l l i n o i s Bank of Hillside Hillside, I l l i n o i s * Inc. George 2 - 2 5-94 1-11-94 T. Federal Reserve Bank of Chicago Section II - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e i Register Notice (C o n t i n u e d ) and Federal Comment Per i o d Ending Date Type Application Y-l Cleveland D e v e l o p m e n t B a n c o r p o r a t i o n Chicago, Illinois P o t t e r s B a n k an d T r u s t Co. E a s t Liverpool, O h i o * FR N - 2-22-94 - 2-26-94 Y-2 Shorebank Corporation Chicago, Illinois Cleveland Development Bancorpo r a t i o n Chicago, Illinois P o t t e r s Ba n k a n d T r u s t Co. East Liverpool, Ohio* FR N - 2-22-94 - 2-26-94 Y-l/Oakar M u t u a l Bancshares C o r p o r a t i o n Milwaukee, W i s c onsin M u t u a l Savings B a n k Milwaukee, Wi s c o n s i n * FR N - 2-25-94 - ** Y-l B a n k of Waunakee E m p l o y e e S t o c k O w n e r s h i p Plan Waunakee, Wisconsin Wauna k e e Bank Shares, Inc. Waunakee, Wis consin* FR N - 2-25-94 - 2-23-94 Y-2 O l d Kent Financial C o r p o r a t i o n G r a n d Rapids, M i c h i g a n E d g e m a r k Financial C o r p o r a t i o n Chicago, I l linois Edgemark Bank-Lombard Lombard, Il l i n o i s Edgemark Bank-Rosemont Rosemont, Ill i n o i s E d g e w o o d Bank Countryside, I l l i n o i s Fi r s t National B a n k o f L o c k p o r t Lockport, I l linois Merchandise National Bank of Chicago Chicago, Illinois* FR N - 2-25-94 - ** Federal Reserve Bank of Chicago Section II - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l Register Notice (Continued) Comment Period Ending Date Type Application Y- 2 O l d Ken t - I l l i n o i s , Inc. E lmhurst, I l l i n o i s E d g e m a r k F i n a n c i a l Corporation Chicago, I l l i n o i s Edgemark Bank-Lombard Lombard, I l l i n o i s Edgemark Bank-Rosemont Rosemont, I l l i n o i s Edgewood Bank Countryside, I l l i n o i s F i r s t N a t i o n a l B a n k of L o c k p o r t Lockport, I l l i n o i s Merchandise National Bank of Chicago Chicago, I l l i n o i s * FR N - 2-25-94 - '** Y- 2 F i r s t M i c h i g a n B a n k C orporation Holland, M i c h i g a n O l d S t a t e B a n k C orporation Fremont, M i c h i g a n O l d S t a t e B a n k of Fremont Fremont, M i c h i g a n * FR N - 3-7-94 - 2-25-94 Y-2 I d a G r o v e Bancshares, Inc. I d a Grove, Iowa PSB Corporation Wellsburg, Iowa L i b e r t y Ba n k & Trust Odebolt, I o w a & FR N - ** - 3- 3 - 9 4 Y- 2 L S Bancorp, Inc. LaSalle, I l l i n o i s C o m m u n i t y B a n k of Utica Utica, I l l i n o i s * FR N - ** - ** Y-l H a n c o c k Bancorp, Inc. Plymouth, I l l i n o i s Community State Bank of Plymouth Plymouth, I l l i n o i s * FR N - ** . ** Y-l Northwest Indiana Bancorp Munster, Indiana Peoples Bank SB Munster, I n d i a n a * FR N - ** - ** Federal Reserve Bank of Chicago Section II - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l Register Notice (Continued) Type Application Y-2 Marshall & Ilsley Corporation M i l w a u k e e , Wis c o n s i n Valley Bancorporation M i lwaukee, Wi s c o n s i n Valley Bank L a Crosse, W i s consin Valley Bank Madison, W i s consin V a l l e y B a n k Chippewa Menomonie, W i s consin V a l l e y B a m k E a s t Central Kewaskum, Wisconsin Valley Bank Janesville Janesville, Wi s c o n s i n Valley Bank Milwaukee Thiensville, W i s c o n s i n V a l l e y Bank, N a t i o n a l A s s o c i a t i o n Watertown, W i s consin Valley Bank Northeast G r e e n B a y Wisconsin V a l l e y B a n k of O s h k o s h Oshkosh, W i s consin V a l l e y B a n k of Sha w a n o Shawano, W i s consin V a l l e y B a n k Sou t h w e s t S p r i n g Green, W i s c o n s i n V a l l e y B a n k Western, F S B Sparta, Wi s c o n s i n Valley First National B ank Rhinelander, W i s c o n s i n V a l l e y F i r s t N a t i o n a l B a n k of R i p o n Ripon, W i s c o n s i n V a l l e y U n i t e d Bank, S S B Sheboygan, W i s consin V a l l e y W e stern B a n k A ppleton, Wis c o n s i n Pierce County Bank and Trust C o m p a n y E l lsworth, W i s c onsin* Comment Peri o d Ending Date FR N - 1-20-94 - 2-25-94 Federal Reserve Bank of Chicago S e c t i o n I I I - A p p l i c a t i o n s S u b iect to F e d e r a l Recrister Notice Only Type Application Y-4 C a pitol Bancorp, Ltd. Lansing, M i c h i g a n C o n s o l i d a t e d B a n k Services, Holland, M i c h i g a n 4 (c) (8) C o m ment Period Endincr D a t e FR - 3-4-94 FR - ** Inc. A m B a n k Company, Inc. S i o u x Center, I o w a P e r f o r m real e state appraisal s e r v i c e s N o r t h w e s t A p p r a i s a l S e rvices S i o u x Center, Iowa t hru 4 (c) (8) H o o s i e r H l l s Financial Corporation Osgood, I n d i a n a E n g a g e in l e n d i n g a c t i v i t i e s via the l e n d i n g of f u n d s to E S O P FR - Y- 4 Bank of Montreal M o n t r e a l , Canada G o v e r n m e n t P r i c i n g Info r m a t i o n System, N e w York, N e w York FR - ** FR - ** Y-4 B a n k m o n t F i n a n c i a l Corp. N e w York, N e w York G o v e r n m e n t P r i c i n g I n f ormation System, N e w York, N e w York 3-8-94 Inc. Inc. Y-4 N o r t h e r n Trust C o r p o r a t i o n Chicago, I l l i n o i s H a z l e h u r s t & A s s o c i a t e s , Inc. Atlanta, G e o r g i a FR - 2-25-94 Y-4 Cleveland Development Bancorporation Chicago, I l l i n o i s CDB D e v e l o p m e n t Co. Chicago, I l l i n o i s FR - 2- 22-94 Y-4 Cleveland Development Bancorporation Chicago, I l l i n o i s C l e v e l a n d E n t e r p r i s e s G r oup Chicago, Il l i n o i s FR - 2- 22-94 Y-4 Shorebank Bancorporation Chicago, I l l i n o i s C D B D e v e l o p m e n t Co. Chicago, I l l i n o i s FR - 2-22-94 Federal Reserve Bank of Chicago Section III - Applications Subject Notice Only (Continued) to F e d e r a l R e g i s t e r Application Comment P e riod Ending Date Shorebank Bancorporation Chica g o , I l linois Cleveland Enterprises Group Chicago, I llinois FR - 2-22-94 Fir s t Midwest Corporation of Delaware E l m w o o d Park, I l l i n o i s M i d w e s t Trust Services, Inc. E l m w o o d Park, I l l i n o i s FR - ** Federal Reserve Baxik of Chicago S e c t i o n I V - A p p l i c a t i o n s N o t S u b j e c t to Federal R e g i s t e r o r N e w s p a p e r Notice Type Application None N FR - Newspaper - F e d e r al R e g i s t e r * - S u b j e c t to P r o v i s i o n s o f C o m m u n i t y R e i n v e s t m e n t A c t ** - N o t a v a i l a b l e a t this time A V A I L A B I L I T Y O F C RA P U B L I C E V A L U A T I O N S T h e f o l l o w i n g s t a t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the F e d e r a l R e s e r v e B a n k o f C h i c a g o f o r comp l i a n c e w i t h the CRA. Th e 3 0 - b u s i n e s s d a y p e r i o d t h e b a n k h a s to m a k e the e v aluation p u b l i c h a s l a p s e d d u r i n g the w e e k e n d i n g F e b r u a r y 11, 1994. If y o u ar e i n t e r e s t e d i n o b t a i n i n g a c o p y o f th e e v a l u a t i o n d o c u m e n t , p l e a s e contact the bank(s) directly. I d e n t i f i c a t i o n o f Ratincrs O - A n i n s t i t u t i o n in this g r o u p h a s a n o u t s t a n d i n g r e c o r d of, a n d i s a l e a d e r in, a s c e r t a i n i n g an d h e l p i n g to m e e t the c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d c o mmunity, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d c a p a b i l i t i e s . S - A n i n s t i t u t i o n in this g r o u p h a s a S a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g a n d helping to m e e t the credit n e e d s of i t s e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h i t s r e s o u r c e s a n d capabilities. N I - A n i n s t i t u t i o n in this g r o u p n e e d s to i m p r o v e i t s o v e rall r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s of i t s e n t i r e d e l i n e a t e d comm u n i t y , i n c l u d i n g low- a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h i t s r e s o u r c e s a n d capabilities. S N - A n i n s t i t u t i o n in this g r o u p h a s a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s of i t s e n t i r e d e l i n e a t e d comm u n i t y , i n c l u d i n g low- a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h i t s r e s o u r c e s a n d capabilities. BANK NAME/LOCATION EXAMINATION DATE RATINGS -City Bank of Bloomington-Normal 1704 E a s t l a nd, B o x 1567 Bloomington, Illinois 61702-1567 (309) 6 6 2 - 2 7 0 0 11/ 0 1 / 9 3 S -State Bank of E v e r l y 301 M a i n S t r e e t Everly, I o w a 51338 (712) 8 3 4 - 2 2 2 1 10/25/93 S Federal Reserve Bank of St. Louis FOR THE VEEK ENDING FEBRUARY 11, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(3) application by Mark Twain Bancshares, Inc., St. Louis, Missouri, to acquire C.B. Bancshares, Inc., St. Louis, Missouri. Newspaper: 3-11-94 * Section 3(a)(3) application by First Banks, Inc., St. Louis, Missouri, to acquire Farmers Bancshares, Inc., Breese, Illinois. Newspaper: 3-9-94 * Section 3(a)(3) application by Carlisle Bancshares, Inc., Carlisle, Arkansas, to acquire FirstBank of Arkansas, Brinkley, Arkansas. 3-25-94 Newspaper: * Change in Control notification involving Community Bancshares, Inc., Germantown, Tennessee, by members of the Wedell family. Not yet available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Cass Commercial Corporation, St. Louis, Missouri, to engage de novo in making and servicing loans through its nonbank subsidiary, Cass Logistics, Inc., Bridgeton, Missouri. Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None.* *This application is subject to CRA. End of Comment Period FEDERAL RESERVE BANK OF ST. LOUIS S t Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Retinas: Outstanding record o f meeting community credit needs An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs 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 February 11, 1994 Bank Address Examination Date Examination Rating F E D E R A L R E S E R V E B A N K OF M I N N E A P O L I S Section I - Applications Subject to Newspaper Notice Only Application Comment Period Endincr Date None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Application Endincr Date Excelsior Financial Services, Inc., Not yet available Excelsior, MN To become a bank holding company through the acquisition of 100% of the voting shares of First State Bank of Excelsior, Excelsior, MN* First Bank System, Inc. Minneapolis, MN To acquire 100% of the voting shares of the St. Louis Bank for Savings, N.A. Duluth, Minnesota* 3-7-94 (Federal Register) Leeds Holding Company Leeds, ND (Newspaper) To acquire 100% of the voting shares of the Bankers Financial Corporation, Drake, ND* 3-4-94 Harlon A. Klelstad and Steven D. McLean Not yet available To acquire control of 38.0% and 33.7%, respectively of the voting shares of Sargent Bancshares, Inc. Forman, ND Kelliher Bancshares, Inc. Kelliher, MN To become a bank holding company through the acquisition of 100% of the voting shares of Citizens State Bank of Kelliher, Kelliher, MN* Not yet available Frandsen Financial Corporation, Forest Lake, MN To acquire, through merger, 100% of the voting shares of the Warren Bancshares, Inc., Warren, MN* Not yet available S e c t i o n II - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r an d F e deral R e g i s t e r N o t i c e Application Community Investment Services, Inc. North Branch, MN To become a bank holding company through the acquisition of 94.43% of the voting shares of A & P Bank Holding Company, North Branch, MN* ♦Subject to CRA Comment Period Ending Date Not yetavailable Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Wabasha Holding Company, Inc. Wabasha, MN To engage de novo in investing in lease pools. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Maple Lake Bancorporation, Inc., Edina, MN To redeem 45.45% of its voting shares. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending February 11, 1994 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. B A N K (S ) EXAMINED NONE DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City S ECTION I - APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY APPLICATION Bank of Holden, Holden, Missouri, for prior approval to establish a branch facility in Warrensburg, Missouri. COMMENT PERIOD ENDING DATE Not Available S E C T I O N II - APPLICATIONS SUBJECT TO BOTH N E W S P A P E R AND FEDERAL REGISTER NOTICE APPLICATION A.P. Martin and Lloyd M. Pickering, Jr., Trustees of the A.P. Martin Trust, Okemah, Oklahoma, to acquire 37.77 percent of the voting shares of OK Bancorporation, Inc., Okemah, Oklahoma. COMMENT PERIOD ENDING DATE Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REG I S T E R NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGI S T E R NOTICE OR NEWSPAPER NOTICE APPLICATION None. S ECTION 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City S a t i s f a c t o r y 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. CRA Rating Bank/Location Exam Date CRA Public Date Tri State Bank 616 East Speer Blvd. Denver, Colorado 80203 10-25-93 02-03-94 Satisfactory First State Bank P.O. Box 797 Taos, New Mexico 10-25-93 02-03-94 Satisfactory ♦Application 87571-0797 s subject to CRA.. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 7, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION ♦Section 9 application received from The First State Bank, Granger, TX, to establish a branch at 813 N. Main Street, Taylor, TX 76574 94/03/01 ♦Section 9 application received from Colorado Valley Bank, La Grange, TX, to become a member of the Federal Reserve System (Bank is currently La Grange National Bank) 94/03/10 ♦Section 9 application received from American Bank, L.B.A., Corpus Christi, TX, to become a member of the Federal Reserve System (Bank is currently American National Bank) N/A SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(5) application by Western Commerce Bancshares of Carlsbad, Inc., Carlsbad, NM, to acquire Western Bancshares of Clovis, Inc., Carlsbad, NM (Previously filed during the week of 1-3-94) ♦Section 3(a)(1) application by La Grange Bancshares, Inc., La Grange, TX, to acquire La Grange National Bank, La Grange, TX 94/03/14 94/03/10 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) application by Security Shares, Inc., Abilene, TX, to engage in transmission services, facilities, and data bases, through First Independent Computers, Inc., Abilene, TX (Previously reported during the week of 1-17-94) NOTICE EXP 94/02/22 Section 4(c)(8) de novo notification by Winn Bancshares, Inc., Winnfield, LA, to engage in the distribution of credit life insurance income generated from loans originated by First Community Bank N/A Section 4(c)(8) de novo notification by First Community Bancshares, Inc., Winnfield, LA, to engage in the distribution of credit life insurance income generated from loans originated by First Community Bank N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by First Haskell Bancorp, Inc., Haskell, TX, to redeem 23,100 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 FEBRUARY 7. 1994 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 2/11/94 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 Benjamin Namatinia, Portland, Oregon, to increse his ownership to 25.3 percent of Cowlitz Bancorporation, Longview, Washington. * Newspaper: Not yet published Fed. Reg.: Not available Section III - Applications Subject to Federal Register Notice Only Grupo Financiero Serfin, S.A. de C.V., Mexico City, Mexico, to engage de novo in nonbanking activities through the acquistion of 100 percent of Serfin Funds Transfer, Inc., Los Angeles, California. Fed. Reg.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week Ending 2/11/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending February 11, 1994. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None *Under the rating system an institution's CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities. Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities.
@FedFRASER