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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1992, No. 7 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending February 15, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Monetary policy report to Congress. Authorized# February 12# 1992. BANK HOLDING COMPANIES Australia and New Zealand Banking Group Limited# Melbourne# Australia — to engage in full-service brokerage# financial advisory# and loan marketing activities through ANZ McCaughan Securities (USP ) Inc.# New York# New York. Approved# February 10# 1992. BankAmerica Corporation# San Francisco* California — and Nevada First Development Corporation# Las Vegas# Nevada — to acquire Valley Capital Corporation# and its banking and nonbanking subsidiaries. Approved# February 12# 1992. Norwest Corporation# Minneapolis# Minnesota — acquire Norwest Bank Waseca# N.A.# Waseca# Minnesota. Approved# February 12# 1992. to Society Corporation# Cleveland# Ohio — to merge with Ameritxust Corporation# and acquire its banking and nonbanking subsidiaries. Approved# February 12# 1992. REGULATIONS AND POLICIES Regulations 0 and Y — revisions to conform the regulations to amendments to the Federal Reserve Act contained in the Federal Deposit Insurance Corporation Improvement Act of 1991. Proposed# February 12# 1992. H.2 FEBRUARY 10, 1992 PAGE 2 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Comerica Bank - Detroit, Detroit, Michigan — to establish branches at the northeast corner cf Grand River and Grand Oak, Genoa Township; and the southeast corner of Dequindre and 12 Mile Road, Warren, Michigan. Approved, February 11, 1992. Chicago 1st Source Bank, South Bend, Indiana — to establish a branch at 2020 East Bristol Street, Elkhart, Indiana. Approved, February 14, 1992. BANK HOLDING COMPANIES Atlanta CBS Bancshares, Inc., Spencer, Tennessee — to acquire First State Bank, Maynardsville, Tennes^e. Approved, February 11, 1992. Atlanta First Autauga Bancshares, Inc., Montgomery, Alabama - to acquire Cee Bee Corporation, Prattville, Alabama, and Citizens Bank. Approved, February 12, 1992. Minneapolis First National Agency of Bagley, Bagley, Minnesota -to acquire the Farmers State Bank of Fosston, Fosston, Minnesota. Returned, February 12, 1992. San Francisco Investors Banking Corporation, Portland, Oregon — acquire Colonial Banking Company, Grants Pass Oregon. Approved, February 13, 1992. Minneapolis Johnson Holdings, Inc., Isanti, Minnesota — acquire East Central Holding Company. Approved, February 14, 1992. Minneapolis Johnson Holdings, Inc., Isanti, Minnesota — to engage in general insurance agency activities through East Central Holding Company. Approved, February 14, 1992. to to H .2 FEBRUARY 10, 1992 PAGE 3 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City KLT Bancshares, Inc., Farley, Missouri to acquire Farley Bancshares, Inc., Farley, Missouri and Farley State Bank, Parkville, Missouri. Approved, February 12, 1992. Cleveland National City Corporation, Cleveland, Ohio, and National Processing Company, Inc., Louisville, Kentucky — to acquire B&L Consultants, Inc., Norwood, Massachusetts. Approved, February 14, 1992. Dallas South Plains Financial Corporation, Dover, Delaware - to acquire South Plains Bank, Levelland, Texas, and First State Bank, Morton, Texas. Approved, February 12, 1992. Minneapolis Thompson Insurance, Inc., Bismarck, North Dakota -to acquire the First Security Bank of Havre, Havre, Montana. Returned, February 12, 1992. BANK MERGERS Minneapolis First National Bank of Bagley, Bagley, Minnesota — to acquire the Farmers State Bank of Fosston, Fosston, Minnesota. Returned, February 12, 1992. Chicago First Northern Savings Bank, S.A., Green Bay, Wisconsin — to merge with New London Savings and Loan Association, New London, Wisconsin. Approved, February 14, 1992. Chicago State Bank of Croswell, Croswell. Michigan — to merge with Sanilac County Bank Deckerville, Michigan, and to establish branches in Deckerville and Sandusky, Michigan. Approved, February 11, 1992. H.2 FEBRUARY 10, 1992 PAGE 4 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Richmond Bank of Clark County, Berryville, Virginia -investment in bank premises. Approved, February 13, 1992. Chicago Comerica Bank - Detroit, Detroit, Michigan — investment in bank premises. Approved, February 11, 1992. Chicago First Illini Bank, Galesburg, Illinois -- investment in bank premises. Approved, February 14, 1992. Cleveland Ohio Citizens Bank, Toledo, Ohio -- investment in bank premises. Approved, February 10, 1992. Kansas City Webb City Bank, Webb City, Missouri — bank premises. Approved, February 14, 1992. investment in BANKS, STATE MEMBER Minneapolis First Security Bank of Havre, Havre, Montana — payment of a dividend. Returned, February 12, 1992. Kansas City First State Bank of Taos, Taos, New Mexico -- payment of a dividend. Approved, February 13, 1992. CAPITAL STOCK Atlanta Hartford Financial Corporation, Hartford, Alabama — redemption of shares. Approved, February 14, 1992. COMPETITIVE FACTORS REPORTS S t . Louis AmeriFirst Bank of Cape Girardeau, Cape Girardeau, Missouri, proposed merger with Bank of Sikeston, Sikeston, Missouri — report on competitive factors. Submitted, February 14, 1992. H.2 FEBRUARY 10, 1992 PAGE 5 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis Eastwood Bank St. Charles, St. Charles, Minnesota, proposed merger with Eastwood Bank Elgin, Elgin, Minnesota — report on competitive factors. Submitted, February 11, 1992. Philadelphia Farmers and Merchants Trust Company of Chambersburg, Chambersburg, Pennsylvania, proposed purchase of certain assets and assumption of certain liabilities of the Waynesboro, Pennsylvania, branch of Home Federal Savings Bank, Hagerstown, Maryland — report on competitive factor* . Submitted, February 13, 1992. Kansas City First National Bank of Wray, Wray, Colorado, proposed merger with Security National Bank, Holyoke, Colorado -- report on competitive factors. Submitted, February 12, 1992. Richmond First Union National Bank of South Carolina, Greenville, South Carolina, proposed acquisition of assets and assumption of the liabilities of two Hilton Head, South Carolina, branches of NCNB National Bank of South Carolina, Columbia, South Carolina — report on competitive factors. Submitted, February 10, 1992. Richmond Grayson National Bank, Independence, Virginia, proposed merger with Independence National Interim Bank — report on competitive factors. Submitted, February 10, 1992. Philadelphia Harleysville National Bank and Trust Company, Harleysville, Pennsylvania, proposed purchase of the assets and assumption of the liabilities of four branches of Provident National Bank, Philadelphia, Pennsylvania — report on competitive factors. Submitted, February 12, 1992. H.2 FEBRUARY 10, 1992 PAGE 6 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis MidAmerica Bank Newport, Newport, Minnesota -proposed merger with MidAmerica Bank Chaska, Chaska; MidAmerica Maplewood, Maplewood; and MidAmerica Bank, N.A., Roseville, Minnesota — report on competitive factors. Submitted, February 11, 1992. Richmond NCNB Virginia, McLean, Virginia, proposed merger with NationsBank of Virginia, N.A., Richmond, Virginia - report on competitive factors. Submitted, February 14, 1992. EXTENSIONS OF TIME Chicago Chemical Bank Michigan, Clare, Michigan — extension to June 1992, to merge with Chemical Bank Gladwin County, Beaverton, Michigan, and to establish branches in Beaverton and Gladwin, Michigan. Granted, February 12, 1992. Chicago First Bancshares, Inc., Schaumburg, Illinois — extension to May 14, 1992, to acquire First Bank of Schaumburg, Schaumburg, Illinois. Granted, February 14, 1992. New York Manufacturers and Traders Trust Company, Buffalo, New York — extension to March 31, 1992, to merge with The First National Bank of Highland, Newburgh, New York. Granted, February 10, 1992. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, February 14, 1992. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, February 14, 1992. S t . Louis Union Planters Corporation, Memphis, Tennessee — extension to May 21, 1992, to acquire Fidelity Federal Bank, A Federal Savings Bank, Nashville, Tennessee. Granted, February 14, 1992. H .2 FEBRUARY 10, 1992 PAGE 7 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York United Counties Bancorporation, Cranford, New Jersey — extension to May 28, 1992, to acquire up to 9.9 percent of Central Jersey Bancorp, Freehold, New Jersey. Granted, February 14, 1992. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Granted, February 12, 1992. extensions to H .2 ADDITIONS AND CORRECTIONS FEBRUARY 10, 1992 PAGE 8 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Capital adequacy -- treatment of intangible assets for risk-based and leverage capital purposes (Docket R-0748). Proposed, January 21, 1992. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Dixon Bancshares, Inc., Rolfe, Iowa -- to acquire Rolfe State Bank, and Citizens State Bank, Sheldon, Iowa. Returned, February 4, 1992. Kansas City P.N.B. Financial Corporation, Kingfisher, Oklahoma -to acquire certain assets and assume certain liabilities of the Enid branch of First Federal Savings Association of Chickasha, Thickasha, Oklahoma. Approved, February 7, 1992. BANKS, STATE MEMBER Richmond Bank of Northern Virginia, Arlington, Virginia -payment of a dividend. Approved, February 7, 1992. H .2 ADDITIONS AND CORRECTIONS FEBRUARY 10, 1992 PAGE 9 TO FEBRUARY 14, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City NBA Bankshares, Inc., Salina, Kansas — bank control. Permitted, February 7, 1992. change in FE D E R A L R ES E R V E BANK OF BOSTON A P P L IC A T IO N S SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE "N" Rating** Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ United Jersey Bank, Hackensack, New Jersey to establish an offsite electronic facility at 500 International Trade Partners, International Trade Center, 500 International Drive, Mount Olive, New Jersey.1/ 3/12/92 SECTION II Applications Subject to Both Newspaper and Federal Register Notice U.S.B. Holding Company, Inc., Nanuet, New York to acquire up to 26 percent of the voting stock of New Milford Bank and Trust Company, New Milford, Connecticut.!/ 3/3/92 2/ Lakeland First Financial Group, Inc., Succasunna, New Jersey to become a bank holding company through the acquisition of 100 percent of the voting stock of Lakeland Savings Bank, Succasunna, New Jersey upon conversion of Lakeland Savings Bank, S.L.A. to a state chartered savings bank.l/ 3/6/92 2/ Mr. Josiah T. Austin and Ms. Valer C. Austin, to acquire control of up to 24.9 percent of the voting shares of Westport Bancorp, Inc., Westport, Connecticut. 2/16/92 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Fuji Bank, Limited, Tokyo, Japan to acquire certain assets of the First Capital Division of The Financial Center Bank, N.A., San Francisco, California and thereby to engage in commercial financing indirectly through its wholly-owned subsidiary, Heller First Capital Corp, Chicago, Illinois. 2/26/92 SECTION III (cont'ch Nonbanking Applications (Subject to Federal Register Notice Only) Bayerische Landesbank Girozentrale, Munich, Commerzbank AG, Frankfurt am Main, and Dresdner Bank, Frankfurt am Main, all of the Federal Republic of Germany, to retain indirectly all of the voting shares of Mercedes-Benz Credit Corporation, Norwalk, Connecticut and thereby to engage in financing, leasing, and creditrelated insurance activities. N/A Barclays PLC and Barclays Bank PLC, both of London, England to engage indirectly through Barclays de Zoete Wedd Securities Inc. in the execution and clearance of certain contracts on futures and options on futures. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and 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. 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Week Ending February 15. 1992 NAME OF BANK RATING EXAMINATION DATE None. Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Premier Bank (in organization), Doylestown, 1/ PA to relocate its head office from 42 Shewell Avenue, Doylestown, PA to 379 N. Main Street, Doylestown, PA. 3/8/92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Meridian Bancorp. Inc*, Reading, PA to 1/ acquire 8.33% of the voting shares of United Bank of Philadelphia (in organization), Philadelphia, PA, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Secretary Delegated Newspaper: Federal Register: 2/25/92 3/10/92 Gloucester County Bankshares, Inc.. Woodbury, 1/ NJ seeks approval to form a bank holding company by acquiring 100% of The Bank of Gloucester County, Woodbury, NJ pursuant to Section 3(a)(1) of the BHCA. Newspaper: Federal Register: 3/9/92 N/A* SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending February 14. 1992. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date None. CRA Rating Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending February 15, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request from Ohio Citizens Bank, Toledo, Ohio, on February 14, 1992, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Received request from WesBanco Bank, Wheeling, West Virginia, on February 14, 1992, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act.* * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from the date of receipt of the application. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Matewan BancShares, Inc., Matewan, West Virginia, to acquire 49% of the voting shares of Hampden Venture Limited Partnership, Gilbert, West Virginia. 3-6-92* Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ^Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending February 14, 1992 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating First Commercial Bank 3801 Wilson Boulevard Arlington, VA 22203 12-9-91 Satisfactory The State Bank of the Alleghenies 116 West Riverside Street Covington, VA 24426 12-9-91 Satisfactory A p p lic a tio n s F e d e ra l R e s e rv e B ank o f A t la n t a B u l l e t i n f o r W eek E n d in g F e b r u a r y 14. 1992 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 Peoples Preferred Bancshares, Inc. Colquitt, Georgia To acquire 50.68 percent of Columbia Bancing Company, Inc., Columbia, Alabama, and thereby indirectly acquire its bank subsidiary, Bank of Columbia, Columbia, Alabama. First National Corporation of Picayune Picayune, Mississippi Change in control by Richard S. Thomson to acquire an additional 2,100 shares (12.73 percent) of the outstanding common stock. The acquisition will increase Mr. Thomson's total ownership to 25.07. Heritage Financial Services, Inc. Clarksville, Tennessee 1-BHC formation, Heritage Bank, Clarksville, Tennessee. Not yet available* 02-25-92* Newspaper 02-13-92* Federal Register Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date FirstBancorp, Inc. Marathon, Florida To engage de novo in lending activities, pursuant to Section 225.25(b)(1) of Regulation Y. ♦Subject to Community Reinvestment Act. Not yet available A p p lic a tio n s F e d e ra l R e s e rv e B ank o f A t la n t a B u l l e t i n f o r W eek E n d in g F e b r u a r y 14. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Bank of Adairsville Adairsville, Georgia Request for increase in bank premises. \9 9 2 A p p lic a tio n s F e d e r a l R e s e rv e Bank o f A t l a n t a B u l l e t i n f o r W eek E n d in g F e b r u a r y 14, 1992 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S a tis f a c to r y re c o rd o f m eeting community c r e d i t n eed s: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank None. Rating Date Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending nate Application Tffie Branch/24A The Kingston State Bank Kingston, Michigan 2593 S. Van Dyke Marlette Township, Michigan* N - 2-15-92 Merger/ Branch Ccmerica Bank - Detroit Detroit, Michigan Manufacturers National Bank of Detroit Detroit, Michigan Manufacturers Detroit location* N - 3-2-92 Branch Ccmerica Bank - Detroit Detroit, Michigan 12225 W. Warren Avenue, Detroit, Michigan 13650 Michigan Avenue, Detroit, Michigan 16150 Michigan Avenue, Detroit, Michigan 22101 Michigan Avenue, Detroit, Michigan 3655 S. Telegraph Road, Detroit, Michigan 850 N. Telegraph Road, Detroit, Michigan* N - 3-2-92 Branch/24A Villa Park Trust & Savings Bank Villa Park, Illinois 345 S. Wain Street Lombard, Illinois* N - ** Tyge Y-l Y-l Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period E n d in g D ate Application DunC Corp. Belvidere, Illinois Capron Bancorp, Inc. Capron, Illinois Capron State Bank Capron, Illinois* Brad, Inc. Black River Falls, Wisconsin Bank of Melrose Melrose, Wisconsin* FR - 2-26-92 N _ ** FR - 2-25-92 N - 2-20-92 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued^ Content Period Application Ending Date Y-2 Conerica Incorporated FR - ** Detroit, Michigan N - 3-2-92 Manufacturers National Corporation Detroit, Michigan Manufacturers National Bank Detroit, Michigan Manufacturers National Bank of Ann Arbor Ann Arbor, Michigan Manufacturers Bank-Wilmington Newark, Delaware Manufacturers Bank and Trust of Florida Palm Beach Gardens, Florida Affiliated Bank Franklin Park, Illinois Manufacturers National Bank of Grand Rapids Grand Rapids, Michigan Manufacturers Bank of Lansing Lansing, Michigan Affiliated Banc Group, Inc. Morton Grove, Illinois* Y-2 Manufacturers National Corporation FR - ** Detroit, Michigan N - 3-2-92 Comerica Incorporated, Detroit, Michigan Conerica Bank-Detroit, Detroit, Michigan Conerica Bank-Midwest, National Association Toledo, Ohio Conerica Bank-Texas, Dallas, Texas Plaza Bank of Commerce San Jose, California Bank of Industry, City of Industry, California Conerica Trust Canpany of Florida Boca Raton, Florida* CoC-HC Manufacturers-Detroit International Corporation East Detroit, Michigan Conerica Incorporated Detroit, Michigan FR - ** N - 3-2-92 Federal Reserve Bank of Chicago Type Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued^ Comment Period Application Ending Date Y-l Fairmount Banking Company Fairmount, Indiana The Fairmount State Bank Fairmount, Indiana* FR - 3-2-92 N - ** Y-l American Chartered Bancorp II, Inc. Lake Zurich, Illinois American Chartered Bank of Lake Zurich Lake Zurich, Illinois* FR - ** N - 2-29-92 Y-l B J Morgan Bancshares, Inc. Morgantown, Indiana First State Bank Mbrgantcwn, Indiana* FR - ** N - ** Y-2 Prairie Bancorp, Inc. Manlius, Illinois First Hanover Bancorp, Inc. Hanover, Illinois Hanover State Bank Hanover, Illinois* FR - ** N - ** Section III - Applications Subject to Federal Register Notice Only Cement Period Ending Date Type Application Y-4 Coterica Incorporated FR - 3-2-92 Detroit, Michigan Affiliated Asset-Eased Lending Services, Inc. Morton Grove, Illinois Manucor Agency, Inc. Detroit, Michigan Manucor Insurance Corporation Detroit, Michigan Manufacturers Affiliated Trust Company Chicago, Illinois Manufacturers Bank and Trust of Florida, N.A. Palm Beach Gardens, Florida Manufacturers Bank-Wilmington Wilmington, Delaware Manufacturers Federal Savings Bank (in formation) Palm Beach Gardens, Florida ML, Inc. (D/B/A Magic Line) Dearborn, Michigan NSGC leasing Corp. Morton Grove, Illinois Wilson, Kemp & Associates, Inc. Detroit, Michigan Federal Reserve Bank of Chicago Type Section III - Applications Subject t-n Far^r-ai Rpgi gti=>r Notice Only (Continued) Comment Period Application Ending Date Y-4 Manufacturers National Corporation FR - 3-2-92 Detroit, Michigan Coroerica Acceptance Corporation Auburn Hills, Michigan Ccmerica Bank-Florida, Federal Savings Bank Clearwater, Florida Ccmerica Brokers, Inc. Detroit, Michigan Ccmerica Capital Management, Inc. Detroit, Michigan Ccmerica Corporate Services, Incorporated Detroit, Michigan Ccmerica Properties Corporation Auburn Hills, Michigan Ccmerica Trust Company of Florida, National Association Boca Raton, Florida ML, Inc. (D/B/A Magic Line) Dearborn, Michigan Plaza Realty Advisors San Jose, California Y-4/QAKAR First Mid-Illinois Bancshares, Inc. FR - ** Mattoon, Illinois Heartland Federal Savings and Loan Association Mattoon, Illinois Y-4 Clare Bancorporation, Inc. FR - ** Platteville, Wisconsin First Federal Savings and Loan Association of Platteville Platteville, Wisconsin Y-4 Montfort Bancorporation, Inc. FR - ** Platteville, Wisconsin First Federal Savings and Loan Association of Platteville Platteville, Wisconsin Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or MamRpaper Notice Type Application RoS Aurelia FT & S Bankshares, Inc. Aurelia, Iowa To redeem 850 shares of its outstanding caiman stock RoS Valley Bancshares, Inc. Mapleton, Icwa To redeem 700 shares of its cannon stock N FR * ** - Newspaper Federal Register Subject to Provisions of Camunity 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 14, 1992. 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. EXAMINATION DATE RATING -Security Bank of Commerce 11300 Joseph Campau Avenue Hamtramck, Michigan 48212 (313)366-3200 9/23/91 NI -Security Trust & Savings Bank 601 Lake Avenue Storm Lake, Iowa 50588 (712)732-3022 10/28/91 S BANK NAME/LOCATION Federal Reserve Bank of St. Louis FOR THE WEEK ENDING FEBRUARY 14, 1992 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 Change in control notification involving Ashley Bancstock Company, Crossett, Arkansas by Norman Ashley Bancstock Voting Trust Not yet available Change in control notification involving Bancshares of Camden, Inc., Camden, Tennessee by Bank of Camden ESOP Not yet available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Stock redemption notification by Steelville Community Banc-Shares, Inc., Steelville, Missouri Not applicable FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, M issouri A V A IL A B IL IT Y OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f meeting community credit needs An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs An institution in this group has a satisfactory record 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 o f its entire delineated community, including tow- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank UniSouth Banking Corporation February 14, 1992 Bank Address P. 0. Box 431 Columbus, Mississippi 39703 Examination Date Examination Rating 10-28-91 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Endincr Date A pplication Peoples State Bank Plainview, M n To acquire the Elgin and Millville offices of Eastwood Bank, St. Charles, MN Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Dairyland B a n k Holding Corporation La Crosse, WI To acquire 100% of Bank of Alma, Alma, WI* 2-25-92 (Federal Register) Dairyland B a n k Holding Corporation La Crosse, WI To acquire 91.85% of the La Farge State Bank, La Farge, WI* 2-25-92 (Federal Register) First Bank System, Inc. Mpls, M N To acquire 100% of Siouxland Bank Holding Company, Scottsdale, Arizona, a m u l t i b a n k holding company owning Dakota Bank and Trust Company, Fargo, ND and First National Bank of Hettinger, Hettinger, Nor t h Dakota* 3-10-92 (Federal Register) First Financial Corporation A r t h u r , ND To indirectly acquire 100% of the First State Bank of Buffalo, Buffalo, ND* * Subject to CRA Not yet available F E D E R A L R E S E R V E B A N K OF M I N N E A P O L I S Section II - Applications Subject to Bot h Newspaper and Federal Register Notice (Continued) Comment Period E n d i n g Date Application First State Bank of Arth u r Arthur, ND To acquire 100% of First State Bank of Buffalo, Buffalo, ND* Not yet available Section III - Applications Subject to Federal Register Notice Only Application Comment Period E n ding Date Norwest Corporation Mpls, M N To engage in combining data processing, data transmission services, facilities and data bases to local boards of realty and their members through the acquisi tion of U.S. Recognition, Inc., Ringwood, New Jersey Not yet available First Bank System, Inc. Mpls, M N To engage in data processing through the acquisition of Dako t a Data Processing, I n c ., F a r g o , ND 2-26-92 First Bank System, Inc. Mpls, M N To engage in performing trust company functions through the acquisition of of Dakota First Trust Co., Fargo, ND 3-10-92 * Subject to CRA FEDERAL RESERVE BAN K OF M I N N E A P O L I S Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice A pplication None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending February 7, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is ass i g n e d from the following groups: OUTSTANDING RECORD OF M E E T I N G 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 m a n n e r consistent with its resources and capabilities. SATISFACTORY RECORD OF M E ETING 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 w i t h 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 C R EDIT 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 ) None. EXAMINED DATE OF EXAMINATION C R A RATING Federal Reserve Bank of Kansas City S ECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION King Bancshares, Inc., Kingman, Kansas, for prior approval to acquire 100 percent of the voting shares of Kingman Savings and Loan Association, Kingman, Kansas. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE CS Bancshares, Inc., Chillicothe, Missouri, for prior approval to acquire 80 percent of the voting shares of Alma Bancshares Corporation, Alma, Missouri.* Not Available Porter Bancshares, Inc., Porter, Oklahoma, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of The First National Bank of Porter, Porter, Oklahoma.* Not Available S E CTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NO T I C E 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: Federal Reserve Bank of Kansas City Outstanding record of meeting community credit needs An institution in this group has an outstanding record of, and is a lender in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in an manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date 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 10, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by David Neal Walthall, Plano, TX, to acquire an interest in Equitable Bankshares, Inc., Dallas, TX N/A 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 10, 1992 Outstanding record of meeting community credit needs. An institution in this group has an outstanding leader in, ascertaining and helping to meet the entire delineated community, including lowneighborhoods, in a manner consistent with capabilities. record of, and is a credit needs of its and moderate-income its resources and Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Bank of the West 950 N. Beltline Rd. P. 0. Box 165869 Irving, Texas 75016 Date of Examination 11-12-91 CRA Rating Needs to Improve FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 02/14/92 Section I - Applications Subject to Newspaper Notice Only A d p Iication Comment Period Ending Date NONE Section II - Applications Subject to Both Newspaper and Federal Register Notice Command Credit Corporation, Rockville, Centre, New York, to become a bank holding company by acquiring Republic National Bancorp, Inc., Phoenix, Arizona. * Newspaper: 03/07/92 Fed. Reo.: Not Available Grupo Femsa, S.A. de C.V., Monterrey, Mexico, to become a bank holding company by acquiring Bancomer, S.A., Mexico City, Mexico. * Newspaper: Not Available Fed. Rea.: 03/10/92 Section III - Applications Sub.iect to Federal Register Notice Only Command Credit Corporation, Rockville Centre, New York, to engage directly in marketing of secured credit cards; providing loan servicing regarding credit card products; marketing merchant accounts; providing financial advice, data processing services, management consulting; and operating a collection agency. Fed. Reo.: Not Available BankAmerica Corporation, San Francisco, California, to engage in nonbanking activities through the acquisition of H. F. Holdings, Inc., Marina del Rey, California. Fed. Reg.: Not Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice NONE * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 02/14/92 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institutions below became available during the week ending February 14, 1992. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Caliber Bank Address 3800 North Central Ave Phoenix, AZ 85012 Tel: (602) 274-6000 Examination Date 11/04/91 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 moderateincome 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- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of asscertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
@FedFRASER