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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1993, No. 7
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Auplications and Reports Received
During the Week Ending February 13, 1993
ACTIONS TAKEN BY THE BOARD OF COVERNORS
BANK BRANCHES. DOMESTIC
Farmers & Merchants Bank of Long Beach, Long Beach,
California — to establish a branch at 3233 Park
Center Drive, Costa Mesa, California.
Denied, February 8, 1993.
BANK MERGERS
Alice Bank of Texas, Alice, Texas — to purchase the
assets and assume the liabilities of New First
City, Texas-Alice, and to establish a branch.
Approved, February 8, 1993.
BANK PREMISES
Alice Bank of Texas, Alice, Texas -- investment in
bank premises.
Approved, February 8, 1993.
Farmers & Merchants Bank of Long Beach, Long Beach,
California — investment in bank premises.
Denied, February 8, 1993.
BANKS, FOREIGN
Banco de Sabadell, Sabadell, Spain — to establish
state-licensed agency in Miami, Florida.
Approved, February 10, 1993.
a
ENFORCEMENT
BSD Bancorp, Inc., San Diego, California — written
agreement dated February 1, 1993, with the Federal
Reserve Bank of San Francisco.
Announced, February 9, 1993.
First Pacific Bancorp, Inc., Beverly Hills,
California — hearing to be held on February 22,
1993, in Pasadena, California, concerning whether
civil money penalties should be assessed against
Leonard A. Sands, Ada P. Sands, Berrien E. Moore,
and Dan S. Geiger.
Announced, February 10, 1993.
State Bank of Florida, Boynton Beach, Florida, and
the Carney Bank — written agreement dated
January 11, 1993, with the Federal Reserve Bank of
Atlanta and the State Comptroller and Banking
Commissioner of the State of Florida.
Announced, February 11, 1993.
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PAGE 2
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FEBRUARY 12, 1993
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Monetary policy report to Congress.
Authorized, February 10, 1993.
Rules Regarding Delegation of Authority — delegation
to the General Counsel of authority to share
information with foreign banking authorities.
Approved, February 9, 1993.
Rules Regarding Equal Opportunity — interim rules
and request for comment on amendments to conform to
the Equal Employment Opportunity Commissions new
complaint processing regulation (Docket R-0797).
Approved, February 10, 1993.
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
New York
Chemical Bank, New York, New York — to establish
offsite electronic facilities at Mutual of New
York, 4 Manhattanville Road, Purchase; Montefiore
Medical Center (Moses Division), 111 East 210th
Street, Bronx; and Montefiore Medical Center (Jack
B. Weiler Division), 1825 Eastchester Road, Bronx,
New York.
Approved, February 10, 1993.
Chicago
First of America Bank-Ann Arbor, Ann Arbor, Michigan
— to establish an offsite electronic facility at
Eastern Michigan University, 850 West Cross Street,
Ypsilanti, Michigan, and Eastern Eatery, 7 Ann
Street.
Approved, February 12, 1993.
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PAGE 3
TO
FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Beaman Bancshares, Inc., Beaman, Iowa — to acquire
Beaman Insurance Agency, Inc., and engage in
general insurance activities.
Approved, February 8’
, 1993.
St. Louis
Central Bancompany, Inc., Jefferson City, Missouri —
to acquire First National Bancor, Inc., LeeTs
Summit, Missouri, and the First National Bank.
Approved, February 8, 1993.
Kansas City
Citizens Bancshares Company, Chillicothe, Missouri —
to acquire First Security Bank of Brookfield /
Keytesville, Brookfield, Missouri.
Approved, February 11, 1993.
Kansas City
Citizens Bancshares Company, Chillicothe, Missouri —
to acquire Blackwater Bancshares, Inc., Blackwater,
Missouri.
Approved, February 11, 1993.
St. Louis
Citizens Financial Corporation, Belzoni, Mississippi,
and Citizens Financial Corporation Employee Stock
Ownership Plan — to acquire Flora Financial
Corporation, Flora, Mississippi, and the Bank of
Flora.
Approved, February 12, 1993.
Minneapolis
Community First Bankshares, Inc., Fargo, North Dakota
— to acquire Citizens Bancorp, Inc., Morris,
Minnesota.
Approved, February 9, 1993.
Chicago
FBOP Corporation, Oak Park, Illinois —
Drovers Bank, Madisonville, Texas.
Approved, February 8, 1993.
Minneapolis
Finlayson Bancshares, Inc., Finlayson, Minnesota —
to acquire Barrett Bancorporation, Inc., Barrett,
Minnesota.
Approved, February 9, 1993.
Secretary
First Commercial Corporation, Little Rock, Arkansas,
and FCC Texas, Inc. — to acquire Citizens First
National Bank of Tyler, Tyler, Texas, and Lufkin
National Bank, Lufkin, Texas.
Approved, February 10, 1993.
to acquire
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PAGE 4
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FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas
First Lakewood, Inc.> Dover, Delaware — to acquire
First Lakewood National Bank, Dallas, Texas.
Approved, February 8, 1993.
Minneapolis
First National Corporation North Dakota, Grand Forks,
North Dakota -- to acquire First National
Corporation, and First National Bank North Dakota.
Approved, February 9, 1993.
St. Louis
FSB Acquisition Company, Memphis, Tennessee — to
acquire the First State Bank of Fayette County,
Somerville, Tennessee.
Approved, February 9, 1993.
Richmond
Horizon Bancorp, Inc., Beckley, West Virginia —
acquire Allegheny Bankshares Corporation,
Lewisburg, West Virginia.
Approved, February 11, 1993.
St. Louis
Jefferson County Bancshares, Incorporated, Festus,
Missouri -- to acquire Eagle Bank and Trust Company
of Jefferson County, Hillsboro, Missouri.
Approved, February 10, 1993.
Chicago
Michigan National Corporation, Farmington Hills,
Michigan — to engage de novo in management
consulting through Independence One Financial
Institutions Consulting, Inc.
Returned, February 12, 1993.
Secretary
Northern Trust Corporation, Chicago, Illinois — to
engage de novo in futures and options through
Northern Futures Corporation with respect to NIKKEI
225 Stock Average contracts.
Permitted, February 10, 1993.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota — to
engage in full service brokerage activities through
Norwest Investment Services, Inc., and Norwest
Mortgage, Inc. through acquisition of the discount
brokerage business of University Bank, Green Bay,
Wisconsin.
Approved, February 9, 1993.
to
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PAGE 5
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FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Norwest Corporation,*Minneapolis, Minnesota -- to
acquire Financial Concepts Bancorp, Inc., Green
Bay, Wisconsin, and University Bank.
Approved, February 9, 1993.
Kansas City
Peoples Trust of 1987, Ottawa, Kansas —
shares of Peoples, Inc.
Approved, February 10, 1993.
Dallas
Texas Community Bancshares, Inc., Dallas, Texas — to
acquire First Lakewood, Inc., Dover, Delaware, and
First Lakewood National Bank, Dallas, Texas.
Approved, February 8, 1993.
St. Louis
Union Planters Corporation, Memphis, Tennessee -- to
acquire First State Bancshares, Inc., Somerville,
Tennessee.
Approved, February 9, 1993.
St. Louis
Union Planters Corporation, Memphis, Tennessee — to
acquire the First Federal Savings Bank of
Maryville, Tennessee, Maryville, Tennessee, and
engage in credit related insurance activities
through Foothills Financial Services.
Approved, February 11, 1993.
to retain
BANK PREMISES
Secretary
Apple Creek Banking Company, Apple Creek, Ohio —
investment in bank premises.
Approved, February 12, 1993.
CAPITAL STOCK
Minneapolis
First National Corporation, Grand Forks, North Dakota
— redemption of shares.
Approved, February 9, 1993.
Kansas City
Swanton Agency, Inc., Swanton, Nebraska —
of shares.
Approved, February 9, 1993.
redemption
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PAGE 6
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FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Kansas City
Valley Bank Shares, Inc., Valley, Nebraska —
redemption of shares.
Approved, February 12, 1993.
CHANGE IN BANK CONTROL
Minneapolis
First Security Bank of Havre, Havre, Montana
change in bank control.
Permitted, February 12, 1993.
Dallas
Stockmens Financial Corporation, Cotulla, Texas —
change in bank control.
Permitted, February 9, 1993.
COMPETITIVE FACTORS REPORTS
Boston
Braintree Savings Bank, Braintree, Massachusetts,
proposed acquisition of certain assets and
assumption of certain liabilities of the Norwell,
Massachusetts, branch of Pioneer Financial, Malden,
Massachusetts — report on competitive factors.
Submitted, February 12, 1993.
Richmond
Branch Banking and Trust Company, Wilson, North
Carolina, proposed merger with Security Federal
Savings Bank, Durham, North Carolina — report on
competitive factors.
Submitted, February 12, 1993.
Dallas
Community State Bank, Lufkin, Texas, proposed merger
with Royall National Bank of Palestine, Palestine,
Texas — report on competitive factors.
Submitted, February 10, 1993.
Philadelphia
Fidelity Bank, National Association, Philadelphia,
Pennsylvania, proposed purchase of the assets and
assumption of the liabilities of Pitcairn Private
Bank, Jenlcintown, Pennsylvania — report on
competitive factors.
Submitted, February 8, 1993.
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FEBRUARY 8, 1993
PAGE 7
TO
FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
New York
First Fidelity Bank,.N.A., New York, Riverdale, New
York, proposed merger with First Fidelity Trust
Company, New York, New York -- report on
competitive factors.
Submitted, February 12, 1993.
St. Louis
First National Bank of
proposed merger with
National Association
factors.
Submitted, February 8,
Flora, Flora, Illinois,
Mercantile Bank of Flora
-- report on competitive
1993.
Atlanta
Guaranty National Bank of Tallahassee, Tallahassee,
Florida, proposed acquisition of the Tallahassee
branch, 2437 North Monroe Street, of Anchor Savings
Bank, FSB, Northport, New York -- report on
competitive factors.
Submitted, February 8, 1993.
New York
Key Bank of New York, Albany, New York, proposed
acquisition of certain assets and assumption of
certain liabilities of First American Bank of New
York, New York, New York -- report on competitive
factors.
Submitted, February 12, 1993.
Chicago
Liberty Federal Savings Bank, Chicago, Illinois,
proposed purchase of the assets and assumption of
the liabilities of the Morton Grove, Illinois,
branch of Second Federal Savings and Loan
Association — report on competitive factors.
Submitted, February 10, 1993.
Dallas
Mercantile Bank, N.A., Brownsville, Texas, proposed
merger with New First City, Texas-Corpus C., N.A.,
Corpus Christi, Texas — report on competitive
factors.
Submitted, February 8, 1993.
Dallas
New First City, Texas - Bryan, N.A., Bryan, Texas,
proposed merger with Victoria Bank and Trust
Company, Victoria, Texas — report on competitive
factors.
Submitted, February 12, 1993.
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PAGE 8
TO
FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Dallas
New First City, Texas - Kountze, N.A., Kountze,
Texas, and New First City, Texas-Sour Lake, N.A.,
Sour Lake, proposed merger with Citizens Bank,
Kilgore, Texas -- report on competitive factors.
Submitted, February 12, 1993.
Dallas
New First City, Texas-Madisonville, N.A.,
Madisonville, Texas, proposed merger with Dovers
Bank — report on competitive factors.
Submitted, February 12, 1993.
New York
Republic National Bank of New York, New York, New
York — proposed purchase of certain assets and
assumption of certain liabilities of the 6702 Bay
Parkway, Brooklyn, New York, branch of The Greater
New York Savings Bank — report on competitive
factors.
Submitted, February 12, 1993.
Chicago
Star Bank, N.A., Southeastern, Indiana, Lawrenceburg,
Indiana, proposed merger with Star Bank, National
Association, Eastern Indiana, Richmond, Indiana -report on competitive factors.
Submitted, February 9, 1993.
Dallas
Sun Savings Association, Houston, Texas, proposed
purchase of assets and assumption of liabilities of
First Heights Bank, FSB, Houston, Texas -- report
on competitive factors.
Submitted, February 12, 1993.
EXTENSIONS OF TIME
San Francisco
BankAmerica Corporation, San Francisco, California —
extension to divest certain property.
Granted, February 9, 1993.
St. Louis
Central Arkansas Bancshares, Inc., Arkadelphia,
Arkansas — extension to March 3, 1993, to engage
de novo in securities brokerage activities through
Central Arkansas Securities, Inc.
Granted, February 9, 1993.
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PAGE 9
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FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Richmond
Easton Bancorp, Inc., Easton, Maryland — extension
to May 13, to acquire Easton Bank & Trust.
Granted, February 12, 1993.
Chicago
First of America Bank - Ann Arbor, Michigan —
extension to March 28, 1993, to establish a branch
at the University of Michigan, 530 South State
Street.
Granted, February 8, 1993.
St. Louis
GAB Bancorp, Jasper, Indiana -- extension to May 21,
1993, to acquire Winslow Bancorporation, Inc.,
Cincinnati, Ohio, and South Western Indiana
National, Winslow, Indiana.
Granted, February 9, 1993.
San Francisco
U.S. Bancorp, Portland, Oregon —
certain property.
Granted, February 9, 1993.
Richmond
Wachovia Corporation, Winston-Salem, North Carolina - extension to May 11, 1993, to acquire shares of
Southeast Switch, Inc., Maitland, Florida.
Granted, February 12, 1993.
San Francisco
Wells Fargo & Company, San Francisco, California -extensions to divest certain properties.
Granted, February 10, 1993.
extension to divest
INTERNATIONAL OPERATIONS
Secretary
United States National Bank of Oregon, Portland,
Oregon — to acquire U.S. Bank of Canada,
Vancouver, British Columbia, Canada.
Permitted, February 11, 1993.
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PAGE 10
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FEBRUARY 12, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Automation Services — modified
proposal to lease certain computer related
equipment, and additional acquisition of software
equipment for three data centers.
Approved, February 12, 1993.
H .2
ADDITIONS AND CORRECTIONS
FEBRUARY 8,
PAGE 11
1993
TO
FEBRUARY 12,
1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Dunn County Bankshares, Inc., Menomonie, Wisconsin
- to expand the lending activities of Premium
Finance, Inc.
Permitted, January 12, 1993.
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Dallas — to engage an
architectural firm to develop a facilities
management strategy for the three Branches.
Approved, February 5, 1993.
RESERVE BANK SERVICES
Director, FRBO
Federal Reserve Bank of Philadelphia — to offer a
magnetic tape delivery option for the Third
District’s cash letter micro-fiche product.
Approved, February 5, 1993.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
"
Comment Period Ending Date
Royal Bank of Scotland
Group, pic, Edinburgh,
Scotland - 4(c)(8)
application to acquire
Standard Chartered Equitor
Asset Management NA, Inc.
and Union Investors Asset
Management, both of Boston,
Massachusetts
Federal Register Not Yet Established
Fleet Financial Group,
Inc., Providence, Rhode
Island - 4 (c)(8)
notification to transfer
Fleet Factors Corporation,
New York, New York from
Fleet Bank of New York,
Albany, New York, to Fleet
Financial Group, Inc.,
Providence, Rhode Island
Federal Register Not Yet Established
♦Subject to CRA
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
- Needs to Improve; "SN" - Substantial Noncompliance.
Institution
Examination Date
NONE
Rating*
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
Cassa di Risparmio delle Provincie Lombarde S.p.A. (Cariplo)
Milan, Italy, to establish a representative office in Los Angeles,
California.
N/A
Chemical Bank, New York, New York, to merge Texas Commerce Banks,
Newark, Delaware, a special purpose credit card bank, into
Chemical Bank.l/
3/11/93
European American Bank, Uniondale, New York, to establish a branch
at 150 Vanderbilt Motor Parkway, Hauppauge, New York.l/
3/10/93
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
KeyCorp, Albany, New York, to acquire Key Bank of Colorado, Fort
Collins, Colorado, the successor to Home Federal Savings Bank,
Fort Collins, Colorado.1/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______Public Comment_____
None.
3/11/93 3/
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending February 16. 1993
NAME OF BANK
RATING
EXAMINATION DATE
None
1/
2/
3/
4/
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 NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
NONE.
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
Meridian Bancorp, Inc., Reading, PA to
engage de novo, through its existing
subsidiary, Meridian Securities, Inc.,
Reading, PA, in the activity of providing
securities brokeage services in combination
with investment advisory services, pursuant
to Section 4(c)(8) of the Bank Holding
Company Act and §§ 225.25(b)(4)
and 225.25(b)(15)(ii) of Regulation Y.
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 12, 1993
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 mode rate-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
CRA Rating
Berks County Bank
400 Washington Street
Reading, PA 19601
11/16/92
Satisfactory
Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending February 13, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
Received application from Wesbanco Bank
Barnesville, Barnesville, Ohio, on
February 8, 1993, for permission to become
a member of the Federal Reserve System.
March 5, 1993
Received OAKAR application from CoBancorp,
Inc., Elyria, Ohio, on January 29, 1993, to
purchase the assets and assume the liabilities
of the Delaware, Ohio, branch of Home Savings
of America, FSB, Irwindale, California
* Not Yet Known #
Received Section 18(c) application on
January 29, 1993, from Premier Bank & Trust
(f.k.a. Lorain County) Bank, Elyria, Ohio,
to acquire the Delaware, Ohio, branch of Home
Savings of America, FSB, Irwindale, California.
* Not Yet Known #
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 ( a ) (1) application from
Community Independent Bancorp, Inc.,
Maysville, Kentucky, on February 11, 1993,
to acquire Bank of May's Lick, May's Lick,
Kentucky
*
N
F
#
-
N: * March 10, 1993
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4( c ) (8) notice from
Huntington Bancshares Incorported, Columbus,
Ohio, on February 11, 1993, of its intent
to engage de novo in underwriting home mortgage
redemption insurance pursuant to Section
225.25(b)(8)(i) of Regulation Y through its
wholly-owned subsidiary, The Huntington National
Life Insurance Company, Columbus, Ohio.
Not Yet Known #
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER NOTICE
None
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(February 12, 1993)
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 12,
1993.
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.
SUBSTANTIAL NON COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subiect 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
None.
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None.
Section IV - Applications Not Subiect to
Federal Register Notice or Newspaper Notice
Application
First Sentinel Bank, Richlands, Virginia,
for membership in the Federal Reserve
System
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending February 12, 1993
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date____
None .
Rating
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 12. 1993
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Evergreen Bancshares, Inc.
Tallahassee, Florida
To acquire the Northside Branch
of Anchor Savings Bank, FSB, Tallahassee,
Florida, pursuant to Section 5(d ) (3)
of the Federal Deposit Insurance Act,
as amended by the Federal Deposit Insurance
Corporation Act of 1991.
02-09-93*
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Public Bank Corporation
Saint Cloud, Florida
Change in control by Paul Douglas
Freedle to acquire 60.74 percent of
the outstanding preferred stock.
12-23-92*
Intervest Bancshares Corporation
New York, New York
1-BHC formation, Countryside Bankers,
Clearwater, Florida.
Not yet available*
Section 3 - Applications Subject
Register Only
Application
Deposit Guaranty Corporation
Jackson, Mississippi
To engage de novo in data processing
activities, pursuant to Section
225.25(b)(7) of Regulation Y.
to Federal
Comment Period Ending Date
02-22-93
♦Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 12. 1993
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
SouthTrust Bank of West Florida
St. Petersburg, Florida
Request for increase in bank premises.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 12. 1993
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
Rating
Date
Friendship Community Bank
8375 S.W. State Road 200
Ocala, Florida 32676
(904)854-2265
Satisfactory
11-02-92
First United Bank
980 N. Federal Highway
Boca Raton, Florida 33432
(407)338-0810
Satisfactory
11-02-92
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Tvoe
Application
Branch
The Kingston State Bank
Kingston, Michigan
4059 Huron Street
North Branch, Michigan*
N
- **
EFT
First of America Bank - Ann Arbor
Ann Arbor, Michigan
Eastern Eatery
7 Ann Street
Ypsilanti, Michigan*
N
- 1-31-93
EFT
First of America Bank - Ann Arbor
Ann Arbor, Michigan
Eastern Michigan University
850 West Cross Street
Ypsilanti, Michigan*
N
- 1-31-93
Oakar
Ida Grove Bancshares, Inc.
Ida Grove, Iowa
Denison Office of First Federal
Savings and Loan Association
Storm Lake, Iowa*
N
-
EFT
Chemical Bank and Trust Company
Midland, Michigan
4787 Fashion Square Mall
Saginaw, Michigan*
N
-
Branch
First of America Bank-Central
Lansing, Michigan
Delta Retirement Center
201 S. Mall Drive
Delta Township, Michigan*
N
-
Branch
First of America Bank-Central
Lansing, Michigan*
Great Lakes Christian Retirement Home
2050 S. Washington Street
Delhi Township, Michigan*
N
-
2-15-93
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
(Continued)
Type
Application
Branch
Relocation
First of America Bank - Northern Michigan
Traverse City, Michigan
From 701 Randolph Street to
1001 Bay Street
Traverse City, Michigan*
Comment Period
Ending Date
N
- **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Application
First Colonial Bankshares Corporation
Chicago, Illinois
Hi-Bancorp, Inc.
Highwood, Illinois
Bank of Highwood
Highwood, Illinois
GNP Bancorp, Inc.
Mundelein, Illinois
New Century Bank
Mundelein, Illinois*
FR - 2-26-93
N - 1-19-93
Minowa Banshares, Inc.
Decorah, Iowa
Minnesota Bank, National Association
Caledonia, Minnesota*
FR - 1-26-93
N - 2-22-93
ABC Employee Stock Ownership Plan
Anchor, Illinois
Anchor Bancorporation, Inc.
Farmer City, Illinois
Anchor State Bank
Anchor, Illinois*
FR - 2-16-93
N - 1-28-93
Anchor Bancorporation, Inc.
Farmer City, Illinois
ABC Employee Stock Ownership Plan
Anchor, Illinois
Merle E. Coile; Chester D. Eyer
Employee's Profit Sharing Plan;
Gayle E. Simpson; Jeffrey A. Coil;
James R. Eckert
FR - 2-11-93
N - 2-13-93
ISB Bancshares, Inc.
Ipava, Illinois
Ipava State Bank
Ipava, Illinois*
FR - 2-16-93
N - 2-6-93
LeRoy C. Darby, Inc.
Monona, Iowa
Keystone Bancshares, Inc.
Monona, Iowa
Peoples State Bank
Elkader, Iowa*
FR N -
2-5-93
2-25-93
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newsoape:
Register Notice
(Continued)
and Federal
Comment Period
Ending Date
Type
Application
Y-2
F.N.B.C. of La Grange, Inc.
La Grange, Illinois
Mokena State Bank
Mokena, Illinois*
FR - 2-16-93
N - 2-10-93
Y-2
Hawkeye Bancorporation
Des Moines, Iowa
First Dubuque Corp.
Dubuque, Iowa
First National Bank of Dubuque
Dubuque, Iowa*
FR - 2-16-93
N - 2-8-93
Y-2
Premier Financial Services, Inc.
Freeport, Illinois
First Northbrook Bancorp, Inc.
Northbrook, Illinois
First National Bank of Northbrook
Northbrook, Illinois
First Security Bank of Cary-Grove
Cary, Illinois*
FR - 2-25-93
N - 1-2-93
Y-l
Premier Acquisition Company
Freeport, Illinois
First Northbrook Bancorp, Inc.
Northbrook, Illinois
First National Bank of Northbrook
Northbrook, Illinois
First Security Bank of Cary-Grove
Cary, Illinois*
FR - 2-25-93
N - 1-2-93
CoC-HC
Premier Financial Services, Inc.
Freeport, Illinois
Thomas D. Flanagan
FR - 3-1-93
CoC-HC
Premier Financial Services, Inc.
Freeport, Illinois
James M. Flanagan
FR - **
CoC-HC
First Business Bancshares, Inc.
Madison, Wisconsin
William T. Graham
FR - 2-22-93
Federal Reserve Bank of Chicago
Type
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Application
Y -l
Bourbonnais Bancorp, Inc.
Wheaton, Illinois
Bank of Bourbonnais
Bourbonnais, Illinois*
FR N -
2-26-93
2-16-93
Y-2
Illinois State Bancorp, Inc.
Wheaton, Illinois
Bourbonnais Bancorp, Inc.
Wheaton, Illinois
Bank of Bourbonnais
Bourbonnais, Illinois
Presidential Holdings, Inc.
Bourbonnais, Illinois*
FR N -
2-26-93
2-16-93
Y-2
FBOP Corporation
Oak Park, Illinois
Drovers Bank
Lake Jackson, Texas (in organization)*
FR - **
- 2-8-93
N
Y-2
Firstar Corporation
Milwaukee, Wisconsin
Metro Bancorporation
Waterloo, Iowa
The Waterloo Savings Bank
Waterloo, Iowa*
FR - 2-26-93
N - **
Y-2
Firstar Corporation of Iowa
Des Moines, Iowa
Metro Bancorporation
Waterloo, Iowa
The Waterloo Savings Bank
Waterloo, Iowa*
FR - 2-26-93
N - **
Y-2
River Forest Bancorp, Inc.
Chicago, Illinois
Belmont National Bank
Chicago, Illinois*
FR - 2-26-93
N - 2-28-93
Y-l
Farmers & Merchants Bancshares, Inc.
Burlington, Iowa
Farmers & Merchants Bank & Trust
Burlington, Iowa*
FR N -
1-21-93
2-23-93
Federal Reserve Bank of Chicago
Type
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
fContinued)
Comment Period
Ending Date
Application
Y-l
Northview Financial Corporation
Northfield, Illinois
Northview Bank & Trust (in organization)
Northfield, Illinois*
FR - **
N - 3-1-93
Y-l
Oostburg Bancorp, Inc.
Oostburg, Wisconsin
Oostburg State Bank
Oostburg, Wisconsin*
FR - **
N - 3-8-93
Y-l
SBL Capital Bank Shares, Inc.
Lodi, Wisconsin
State Bank of Lodi
Lodi, Wisconsin*
FR N -
CoC-HC
Avoca Financial Services, Inc.
Council Bluffs, Iowa
Terry M. Carley
FR - 1-11-93
N - 1-11-93
Y-l
Lincoln Trail Bancshares, Inc.
Taylorville, Illinois
Palmer State Bank
Taylorville, Illinois*
FR - **
N - **
Y-l
Valley Financial Corp.
Caro, Michigan
Community Bank
Caro, Michigan*
FR - **
N - 2-8-93
Y-l
Howard Bancorp, Inc.
Glenview, Illinois
Howard Savings Bank
Glenview, Illinois*
FR - **
N - **
1-4-93
3-6-93
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
Y-4
Bank of Montreal
Montreal, Canada
Harris Futures Corporation
Chicago, Illinois
FR - 2-10-93
Y-4
Bankmont Financial Corp.
New York, New York
Harris Futures Corporation
Chicago, Illinois
FR - 2-10-93
Y-4
Harris Bankcorp, Inc.
Chicago, Illinois
Harris Futures Corporation
Chicago, Illinois
FR - 2-10-93
Y-4
Northern Trust Corporation
Chicago, Illinois
Northern Futures Corporation
Chicago, Illinois— Execute and clear
commodity futures contracts
FR - **
Y-4
Caisse Nationale de Credit Agricole
Paris, France
UI USA, Inc.
New York, New York
FR - 2-11-93
4(C)(8)
Comerica Incorporated
Detroit, Michigan
ComeriComp, Incorporated
Detroit, Michigan
FR - **
4(c)(8)
Amcore Financial, Inc.
Rockford, Illinois
Amcore Investment Banking, Inc.
Rockford, Illinois - investment and
financial advisory services
FR - **
Y-4
Caisse Nationale de Credit Agricole
FR Paris, France
Credit Agricole Securities, Inc.
New York, New York — Securities brokerage
services
2-11-93
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(Continued)
Comment Period
Ending Date
Type
Application
Y-4
First Chicago Corporation
FR - **
Chicago, Illinois
Government Pricing Information System, Inc.
New York, New York ("GovPX, Inc.)
4(c)(8)
Central-State Bancorp, Inc.
Beulah, Michigan
Central State Services Corp.
Beulah, Michigan— engage de novo in
making and selling fixed rate mortgages
FR - 2-22-93
4(c)(8)
Columbus Bancorp, Inc.
Indianapolis, Indiana
Gardenview Limited Partnership, an
Indiana Limited Partnership
Corunna, Indiana - CDC
FR - 2-19-93
4(c)(8)
Columbus Bancorp, Inc.
Indianapolis, Indiana
Making and servicing loans or other
extensions of credit for the company's
account
FR - 2-19-93
4(c) (8)
Salin Bancshares, Inc.
Indianapolis, Indiana
Making and servicing of loans or
other extensions of credit for the
company's account
FR - 2-19-93
4(c) (8)
Michigan National Corporation
Farmington Hills, Michigan
Independence One Financial Institutions
Consulting, Inc.
Farmington Hills, Michigan
FR - **
Y-4
Guaranty Financial, M.H.C.
Milwaukee, Wisconsin
Guaranty Asset Protection Services, Inc.
West Hills, California
FR - **
Y-4
Guaranty Financial, M.H.C.
Milwaukee, Wisconsin
Shelter Mortgage Corporation
Milwaukee, Wisconsin
FR - **
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(Continued)
Application
Comment Period
Ending Date
Guaranty Financial, M.H.C.
Milwaukee, Wisconsin
6700 Corporation
West Hills, California
FR - **
Iowa National Bankshares Corp.
Waterloo, Iowa
MidAmerica Financial Corporation
Waterloo, Iowa
FR - **
Republic Bancorp, Incorporated
Owosso, Michigan
Horizon Savings Bank
Beachwood, Ohio
FR - **
Federal Reseirve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
RoS
WFC, Inc.
Waukon, Iowa
To redeem 2,500 shares (92.86%) of its common 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 state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending February 12,
1993.
If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of 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.
RATINGS
BANK NAME/LOCATION
EXAMINATION DATE
-Grayling State Bank
305 Michigan Avenue, Box 4 89
Grayling, Michigan
49738
(517) 348-7631
11/02/92
S
-Citizens Trust & Savings Bank
433 Phoenix, Street, Box 449
South Haven, Michigan
49090
(616) 637-2141
11/16/92
S
AMENDED
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending February 05,
1993. If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of 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
RATINGS
-Lapeer County Bank & Trust Co.
83 West Nepessing Street
Lapeer, Michigan
48446
(313) 664-2977
10/26/92
S
-Home Trust and Savings Bank
P.O. Box 150
Osage, Iowa
50461
(515) 723-8763
11/02/92
S
-Hinsbrook Bank and Trust
6262 South Route 83, Box 121
Willowbrook, Illinois
60514
(708) 655-2700
10/26/92
S
-Farmers State Bank
602 Main, Box 288
Poysippi, Wisconsin
(414) 987-5131
10/26/92
s
54927
-Harbor Springs State Bank
200 East Main Street, Box 200
Harbor Springs, Michigan
49740
(616) 526-2114
11/02/92
s
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING FEBRUARY 12, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End of Comment Period
^Section 3(a)(1) application by
Bridgeport Bancorp., Inc., Bridgeport,
Illinois to acquire First National
Bank of Bridgeport, Bridgeport, Illinois
Newspaper:
3-5-93
^Section 3(a)(1) application by The
Banc Ed Corp., Edwardsville, Illinois
to acquire The Bank of Edwardsville,
Edwardsville, Illinois
Newspaper:
3-15-93
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.*
*This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting comm unity 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 noncom pliance 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
February 12, 1993
Name of Bank
Bank Address
The Citizens State
Bank of Petersburg
P. 0. Box 98
Petersburg, Indiana 47567
Examination
Date
11-2-92
Examination
Bating
Satisfactory
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
Community Bank Group, Inc.
Eden Prairie, MN
To acquire, via merger, 100%
of Cleveland Bancshares, Inc.,
Cleveland, MN*
3-5-93
(Federal Register)
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Marquette Bancshares, Inc.
Mpls, MN
To engage in acting as an in
vestment advisor and providing
securities brokerage services
through the acquisition of
Marquette Fund Advisors, Inc.,
Minneapolis, MN
Not yet available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
*
Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending February 12, 1993
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 lowand 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
Grand
P. 0.
Grand
(218)
Rapids State Bank
Box 409
Rapids, MN 55744
326-9414
DATE OF EXAMINATION
November 2, 1992
CRA RATING
Satisfactory
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
The Bank of Woodward, Woodward,
Oklahoma, for prior approval to merge
with Cimmarron Bank, Waukomis,
Oklahoma, and to establish a branch
in Waukomis, Oklahoma.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Archer, Inc., Palmer,
approval to retain at
percent of the voting
Guaranty Corporation,
Colorado.*
COMMENT PERIOD ENDING DATE
Nebraska, for
least 14.6
shares of
Denver,
February 5, 1993
Green Top, Inc., Palmer, Nebraska,
for prior approval to merge with
Anmer Corporation, Neligh, Nebraska,
Dawson Corporation, Lexington,
Nebraska, Heartland Bancorporation,
Aurora, Nebraska, North Platte
Corporation, Torrington, Wyoming,
Pinnacle Bancorp, Inc., Fort Lupton,
Colorado, Pinnacle Bancorp, Inc.,
Abilene, Kansas, Pinnacle Bancorp,
Inc., Papillion, Nebraska, Pinnacle
Bancorp, Inc., Newcastle, Wyoming,
and Shelby Insurance, Inc., Shelby,
Nebraska.*
February 5, 1993
Fourth Financial Corporation,
Wichita, Kansas, for prior approval
to acquire 100 percent of the voting
shares of Nichols Hill
Bancorporation, Inc., Oklahoma City,
Oklahoma.*
Not Available
Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
Community Bankshares, Inc., Denver,
Colorado, for prior approval to
engage in the ownership and servicing
of mortgage loans and land contracts
secured by real estate.
COMMENT PERIOD ENDING DATE
Not Available
SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
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.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Federal Reserve Bank of Kansas City
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
None.
*Application is subject to CRA.
CRA Public
Date
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 8, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
♦Section 9 application by
Texas State Bank, McAllen, TX,
to establish a branch at 900 E. Jackson Avenue,
McAllen, TX
93/03/12
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
*
Change in Control Notice by
B. H. Cox Trust; Patricia W. Cox Revocable Trust;
Patricia W. Cox Family Trust; and Cox Family GST Trust,
San Antonio, TX, to acquire an interest in Security
Bancorp, Inc., San Antonio, TX
Change in Control Notice by
David Walthall, Dallas, TX, to acquire an interest in
Equitable Bankshares, Inc., Dallas, TX
(Previously reported during the week of 1-25-93)
93/03/01
93/02/19
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF FEBRUARY 8, 1993
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 deficientrecord of
ascertaining and helping to meet the credit needs of
its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
Date of
Examination
First Bank: of Muleshoe
202 South First Street
P. 0. Box 565
Muleshoo, TX 79347
92/11/16
CRA Rating
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 2/12/93
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
A p p Iication
Comment Period Ending Date
Inland Northwest Bancorporation, Inc.,
Spokane, Washington, to become a bank
holdling company by acquiring Inland
Northwest Bank, Spokane, Washington. *
Fed. Reg.:
3/12/93
Newspaper:
12/06/92
Section III - Applications Sub.iect to Federal Register Notice Only
Application
Comment Period Ending Date
None
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week ending 2/13/93
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending February 12, 1993. Information about a particular
institution's CRA evaluation may be obtained directly from the institution.
Institution
Location
Valley Commercial Bank
P.0. Box 766
Forest Grove, OR 97116
(503) 359-4495
Examination Date
12/17/92
Rating*
Satisfactory
* 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 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- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
@FedFRASER