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RESEARCH LIBRARY
ANNOUNCEMENT
fi
^R
BOA R D OF G O V ERNORS
OF T H E
F E DERAL R E S E R V E SYSTEM

1

iu 13 A c tions of the Board, its Staff, and
the Federal R eserve Banks;
r :ul
l ,
Applic a t i o n s and R e ports Received
u "During7 the W e e k Ending February 16, 1991

BANK HOLDING COMPANIES
Bancorp III, Inc., Kansas City, Kansas —
Farmers Bank of Polo, Polo, Missouri.
Denied, February 13, 1991.

to acquire

HSBC Holdings, Hong Kong — to acquire The Hongkong
and Shanghai Banking Corporation, Hong Kong, Kellett
N.V., Curacao, Netherlands Antilles, HSBC Holdings
B.V., Amsterdam, The Netherlands, Marine Midland
Banks, Inc., Buffalo, New York, and Marine Midland
Bank, N.A., Buffalo, New York, and to acquire the
nonbanking subsidiaries and investments of HSBC in
the United States.
Approved, February 13, 1991.
Philippine Commercial International Bank, Manila, The
Philippines — to engage de novo in the activity of
transmitting money for customers to a foreign
country through PCI Express Padala, Inc., Los
Angeles, California.
Permitted, February 13, 1991.
Royal Bank of Canada, Montreal, Quebec, Canada — to
buy and sell securities on the order of investors
as a riskless principal through RBC Dominion
Securities Corporation, New York, New York.
Approved, February 11, 1991.
ENFORCEMENT




Buffalo Bank, Eleanor, West Virginia — written
agreement dated January 31, 1991, with the Federal
Reserve Bank of Richmond.
Announced, February 13, 1991.
Cosmopolitan Bancorp, Inc., Chicago, Illinois —
written agreement dated December 22, 1991,
with the Federal Reserve Bank of Chicago.
Announced, February 13, 1991.

H.2
FEBRUARY 11, 1991
PAGE 2

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

ENFORCEMENT

Equimark Corporation, Pittsburgh, Pennsylvania —
written agreement dated January 30, 1991,
with the Federal Reserve Bank of Cleveland
and the Department of Banking, Commonwealth of
Pennsylvania.
Announced, February 13, 1991.

First Lehigh Corporation, Walnutport, Pennsylvania —
written agreement dated January 28, 1991, with the
Federal Reserve Bank of Philadelphia and the
Department of Banking, Commonwealth of
Pennsylvania.
Announced, February 13, 1991.
Sun City Bank, Sun City, Arizona —
order.
Authorized, February 13, 1991.

cease and desist

RESERVE BANK SERVICES




Federal Reserve priced services — modifications to
the Automated Clearing House participation fee
(Docket R-0710).
Approved, February 12, 1991.

H.2
FEBRUARY 11, 1991
PAGE 3

TO

FEBRUARY 15, 1991

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
St. Louis

Citizens Bank, Batesville, Arkansas — to establish a
branch at 3150 Harrison Street, Batesville,
Arkansas.
Approved, February 15, 1991.

Chicago

Citizens Commercial & Savings Bank, Flint, Michigan - to establish a branch at 700 East Big Beaver
Road, Troy, Michigan.
Approved, February 13, 1991.

BANK HOLDING COMPANIES




Staff Director
BS&R

American Interstate Bancorporation, Inc., Walnut,
Iowa — proposal that Walnut State Bank purchase
the assets and assume the liabilities of Walnut
State Savings Association, Atlantic, Iowa, which
was formed to acquire certain assets and assume
deposit liabilities of the Atlantic, Iowa, branch
of American Federal Savings Association of Iowa,
Des Moines, Iowa.
Approved, February 11, 1991.

Staff Director
BS&R

Ankeny Investment Co., Ankeny, Iowa — proposal that
Ankeny State Bank purchase the assets and assume
the liabilities of ASB Savings Bank, which was
formed to acquire certain assets and assume deposit
liabilities of the Ankeny, Iowa, branch of American
Federal Savings Association of Iowa, Des Moines,
Iowa.
Approved, February 11, 1991.

Staff Director
BS&R

BancSecurity Corporation, Marshalltown, Iowa —
proposal that Security Bank Kellogg-Sully, Kellogg,
Iowa, purchase the assets and assume the
liabilities of BSC-II Savings Bank, which was
formed to acquire certain assets and assume deposit
liabilities of the Newton, Iowa, branch of American
Federal Savings Association of Iowa, Des Moines,
Iowa.
Approved, February 11, 1991.

H.2
FEBRUARY 11, 1991
PAGE A

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Staff Director
BS&R

BancSecurity Corporation, Marshalltown, Iowa —
proposal that Story County Bank and Trusty Story
City, Iowa, purchase the assets and assume the
liabilities of BSC-I Savings Bank, which was formed
to acquire certain assets and assume deposit
liabilities of the Ames, Iowa, branch of American
Federal Savings Association of Iowa, Des Moines,
Iowa.
Approved, February 11, 1991.

Secretary

BankAmerica Corporation, San Francisco, California —
to acquire BAP Interim Federal Savings Bank’
Tucson, Arizona, which was formed to acquire
certain assets and assume certain liabilities of
Pima Federal Savings and Loan Association.
Approved, February 15, 1991.

Staff Director
BS&R

BankAmerica Corporation, San Francisco, California —
proposal that Bank of America Arizona, Phoenix,
Arizona, purchase the assets and assume the
liabilities of BAP Interim Federal Savings Bank,
Tucson, Arizona, which was formed to acquire
certain assets and assume deposit liabilities of
Pima Federal Savings and Loan Association, Tucson,
Arizona.
Approved, February 15, 1991.

San Francisco

Banque Nationale de Paris, Paris, France — to engage
de novo in full service brokerage and riskless
principal activities through BAII Capital Markets,
Inc., New York, New York.
Returned, February 11, 1991.

Kansas City

Bethany Bankshares, Inc., Bethany, Missouri —
acquire The Bethany Trust Company.
Approved, February 15, 1991.

Atlanta

Button Gwinett Bancorp, Inc., Norcross, Georgia —
acquire Button Gwinett Savings Bank, FSB.
Approved, February 11, 1991.

Dallas

Cedar Creek Bancshares, Inc., Seven Points, Texas —
to acquire Cedar Creek Bank.
Approved, February 13, 1991.

to

to

H.2
FEBRUARY 11, 1991
PAGE 5

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Secretary

Central Bancshares of the South, Birmingham,
Alabama — to acquire River Oaks Bancshares Inc.,
Houston, Texas, and its subsidiaries; to merge
River Oaks into Compass Bancshares, Inc., Houston,
Texas; and acquire River Oaks Trust Company.
Approved, February 12, 1991.

Staff Director
BS&R

Community Grain Company, Coon Rapids, Iowa —
proposal that Iowa Savings Bank purchase the assets
and assume the liabilities of ISB Savings Bank,
which was formed to acquire certain assets and
assume deposit liabilities of the Carroll, Iowa,
branch of American Federal Savings Association of
Iowa, Des Moines, Iowa.
Approved, February 11, 1991.

Chicago

Dana Bancorp, Inc., Dana, Indiana — to acquire The
First National Bank of Dana, Dana, Indiana.
Approved, February 15, 1991.

Dallas

Dumas Delaware, Inc., Wilmington, Delaware —
acquire First State Bank.
Approved, February 13, 1991.

Atlanta

East Ridge Bancshares, Inc., East Ridge, Tennessee —
to acquire Mortgage South of Tennessee, Inc., and
engage in mortgage lending activities.
Approved, February 11, 1991.

Chicago

Farmers Loan and Trust Company, Columbia City,
Indiana — to acquire four branches of INB National
Bank, Fort Wayne, and relocate its home office to
200 East Berry Street, Fort Wayne, Indiana.
Returned, February 11, 1991.

Staff Director
BS&R

First Bancorp of Kansas, Wichita, Kansas — proposal
that First National Bank in Wichita purchase the
assets and assume the liabilities of First Bancorp
Interim Federal Savings Bank, which was formed to
acquire certain assets and assume deposit
liabilities of two Wichita, Kansas, branches of Mid
Kansas Savings and Loan Association, F.A.
Approved, February 15, 1991.

to

H.2
FEBRUARY 11, 1991
PAGE 6

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Kansas City

First Bancorp of Kansas, Wichita, Kansas — to
acquire First Bancorp Interim Federal Savings Bank.
Approved, February 15, 1991.

Secretary

First Hawaiian, Inc., Honolulu, Hawaii — request for
reconsideration of BoardTs approval of application
to acquire First Interstate of Hawaii, Inc.
Denied, February 11, 1991.

Staff Director
BS&R

First Liberty Bancorp, West Des Moines, Iowa —
proposal that Liberty Bank and Trust, Mason City,
Iowa, purchase the assets and assume the
liabilities of Liberty Savings and Loan
Association, Hampton, Iowa, which was formed to
acquire certain assets and assume deposit
liabilities of the Clear Lake, Iowa, branch of
American Federal Savings Association of Iowa, Des
Moines, Iowa.
Approved, February 11, 1991.

Dallas

Ford Bank Group, Inc., Lubbock, Texas, and Ford Bank
Group Holdings, Inc., Wilmington, Delaware — to
acquire MBank Waco, N.A., Waco, Texas.
Approved, February 11, 1991.

Kansas City

Fourth Financial Corporation, Wichita, Kansas —
acquire IV Kansas Savings, F.S.B..
Approved, February 15, 1991.

Staff Director
BS&R

Fourth Financial Corporation, Wichita, Kansas —
proposal that BANK IV Wichita and BANK IV Garden
City, N.A., Garden City, Kansas, purchase the
assets and assume the liabilities of IV Kansas
Savings, F.S.B., which was formed to acquire
certain assets and assume deposit liabilities of
four branches of Mid Kansas Savings and Loan
Association, F.A., Wichita, Kansas.
Approved, February 15, 1991.

Chicago

Goodenow Bancorporation, Okoboji, Iowa — to acquire
Jackson Bancorporation, Fairmont, Minnesota, and
Bank Midwest, Minnesota Iowa, National Association,
Jackson, Minnesota.
Withdrawn, February 15, 1991.

to

H.2
FEBRUARY 11, 1991
PAGE 7

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Kansas City

HNB Corporation* Arkansas City, Kansas —
HNB Federal Savings Association.
Approved, February 15, 1991.

to acquire

Staff Director
BS&R

HNB Corporation, Arkansas City, Kansas — proposal
that The Home National Bank of Arkansas City
purchase the assets and assume the liabilities of
HNB Federal Savings Association, which was formed
to acquire certain assets and assume deposit
liabilities of the Arkansas City branch of Mid
Kansas Savings and Loan Association, F.A., Wichita,
Kansas.
Approved, February 15, 1991.

Dallas

Hughes Springs Corporation, Wilmington, Delaware —
to acquire The First National Bank of Hughes
Springs, Hughes Springs, Texas.
Approved, February 13, 1991.

Staff Director
BS&R

Ida Grove Bancshares, Inc., Ida Grove, Iowa —
proposal that Ida County State Bank purchase the
assets and assume the liabilities of ICSB Savings
Bank, which was formed to acquire certain assets
and assume deposit liabilities of the Denison,
Iowa, branch of American Federal Savings
Association of Iowa, Des Moines, Iowa.
Approved, February 11, 1991.

Chicago

Illiopolis Bancorporation, Incorporated, Springfield,
Illinois — to acquire Farmers State Bank and
Trust.
Approved, February 14, 1991.

New York

Long - Term Credit Bank of Japan, Ltd., Tokyo,
Japan — to engage de novo worldwide in lending and
leasing activities, and other nonbanking activities
through certain U.S. subsidiaries.
Permitted, February 14, 1991.

H.2
FEBRUARY 11, 1991
PAGE 8

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




New York

Long - Term Credit Bank of Japan, Ltd., Tokyo,
Japan — to engage de novo in private placement,
riskless principal, and full service brokerage, and
in trading foreign exchange forward futures, and
options on futures transactions through Greenwich
Capital Markets, Inc., Greenwich, Connecticut.
Returned, February 15, 1991.

S t . Louis

Mercantile Bancorp, Inc., Quincy, Illinois — to
acquire Marine Trust Company of Carthage, Carthage,
Illinois.
Approved, February 15, 1991.

Staff Director
BS&R

Metro Bancorporation, Waterloo, Iowa — proposal that
Waterloo Savings Bank purchase the assets and
assume the liabilities of American Interim Savings
Association, which was formed to acquire certain
assets and assume deposit liabilities of the Cedar
Falls, Iowa, branch of American Federal Savings
Association of Iowa, Des Moines, Iowa.
Approved, February 11, 1991.

Chicago

Mid - America National Bancorp, Inc., Chicago,
Illinois — to acquire Mid America National Bank of
Chicago; Security Chicago Corp; First Security Bank
of Chicago; First State Bancorp of Princeton,
Illinois, Inc., Princeton; and First State Bank of
Princeton, and First Bank & Trust Company, Gridley,
Illinois.
Approved, February 14, 1991.

Staff Director
BS&R

Northwood Financial Services Corporation, Northwood,
Iowa — proposal that Northwood State Bank,
purchase the assets and assume the liabilities of
MSBM Savings Bank, which was formed to acquire
certain assets and assume deposit liabilities of an
office of the Mason City, Iowa, branch of American
Federal Savings Association of Iowa, Des Moines,
Iowa.
Approved, February 11, 1991.

H.2
FEBRUARY 11, 1991
PAGE 9

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Staff Director
BS&R

Northwood Financial Services Corporation, Northwood,
Iowa — proposal that Northwood State Bank,
purchase the assets and assume the liabilities of
MSBM Savings Bank, which was formed to acquire
certain assets and assume deposit liabilities of an
office of the Mason City, Iowa, branch of American
Federal Savings Association of Iowa, Des Moines,
Iowa.
Approved, February 11, 1991.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota, Norwest
Financial Services, Inc., Des Moines, Iowa, and
Norwest Financial, Inc. — to engage in insurance
premium financing through acquisition of Coast
Program, Inc., Signal Hills, California, and ABQ
Federal Savings Bank, Albuquerque, New Mexico.
Approved, February 13, 1991.

Secretary

South Carolina National Corporation, Columbia, South
Carolina — to acquire SCNC Interim Federal Savings
Bank II, which was formed to acquire certain assets
and assume certain liabilities of Security Federal
Savings, F.S.B.
Approved, February 15, 1991.

Staff Director
BS&R

South Carolina National Corporation, Columbia, South
Carolina — proposal that The South Carolina
National Bank, Charleston, South Carolina, purchase
the assets and assume the liabilities of SCNC
Interim Federal Savings Bank II, Columbia, South
Carolina, which was formed to acquire certain
assets and assume deposit liabilities of Security
Federal Savings, F.S.B., Columbia, South Carolina.
Approved, February 15, 1991.

Dallas

TFBC Acquisition Corporation, Dallas, Texas — to
acquire Tahoka First Bancorp, Inc., Dallas; Cedar
Creek Bank, Seven Points; and First National Bank
Tahoka, Tahoka, Texas.
Approved, February 13, 1991.

Kansas City

Union Bancshares, Inc., Wichita, Kansas —
Mid Kansas Federal Savings.
Approved, February 15, 1991.

to acquire

H.2
FEBRUARY 11, 1991
PAGE 10

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Staff Director
BS&R

Union Bancshares, Inc., Wichita, Kansas — proposal
that Union National Bank of Wichita purchase the
assets and assume the liabilities of Mid Kansas
Federal Savings, which was formed to acquire
certain assets and assume deposit liabilities of
the Derby, Kansas, branch of Mid Kansas Savings and
Loan Association, F.A.
Approved, February 15, 1991.

Staff Director
BS&R

Valley Financial Services, Inc., Mishawaka, Indiana
— for its subsidiary, Valley American Bank & Trust
Company to merge with Northern Indiana Savings
Association, F.A., Chesterton, Indiana.
Approved, February 15, 1991.

Chicago

Valley Financial Services, Inc., Mishawaka, Indiana - to acquire Northern Indiana Savings Association,
F.A., Chesterton, Indiana.
Approved, February 15, 1991.

San Francisco

Western Security Bancorp, Burbank, California — to
engage de novo in certain trust activities through
Oakmont Escrow, Inc., Toluca Lake, California.
Permitted, February 12, 1991.

BANK PREMISES




S t . Louis

Citizens Bank, Batesville, Arkansas —
bank premises.
Approved, February 15, 1991.

Chicago

Citizens Commercial & Savings Bank, Flint, Michigan - investment in bank premises.
Approved, February 13, 1991.

Cleveland

Security Dollar Bank, Niles, Ohio —
bank premises.
Approved, February 12, 1991.

investment in

investment in

H .2
FEBRUARY 11, 1991
PAGE 11

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANKS, STATE MEMBER
Chicago

First of America Bank - Northern Michigan, Traverse
City, Michigan -- payment of a dividend.
Approved, February 15, 1991.

CAPITAL STOCK
Minneapolis

Jan - Mar Corporation, Coleraine, Minnesota -redemption of shares.
Approved, February 12, 1991.

CHANGE IN BANK CONTROL




Dallas

Caprock Bancshares, Inc., Shallowater, Texas ~~
change in bank control.
Returned, February 13, 1991.

Chicago

Continental Mortgage Corporation, Maywood, Illinois
-- change in bank control.
Permitted, February 13, 1991.

Minneapolis

First Security Bank of Missoula, Missoula, Montana -change in bank control.
Permitted, February 15, 1991.

Chicago

GNB Bancorporation, Grundy Center, Iowa -- change in
bank control.
Permitted, February 15, 1991.

Minneapolis

Jan - Mar Corporation, Coleraine, Minnesota -- change
in bank control.
Permitted, February 12, 1991.

Dallas

New Boston Bancshares, Inc., New Boston, Texas
change in bank control.
Permitted, February 11, 1991.

Chicago

Valley Bancorporation, Appleton, Wisconsin —
in bank control.
Permitted, February 11, 1991.

change

H.2
FEBRUARY 11, 1991
PAGE 12

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESLRVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




San Francisco

American Savings Bank, FA, Stockton, California,
proposed purchase and assumption of the Beverly
Hills branch of Coast Federal Bank, FSB, Los
Angeles, California — report on competitive
factors.
Submitted, February 13, 1991.

Kansas City

Charter West National Bank, West Point, Nebraska,
proposed acquisition of certain assets and
assumption of certain liabilities of the West Point
branch of FirsTier Bank, N.A., Omaha, Nebraska —
report on competitive factors.
Submitted, February 13, 1991.

Boston

East Boston Savings Bank, East Boston,
proposed transfer of the majority of
all of its deposit liabilities to an
subsidiary savings bank — report on
factors.
Submitted, February 15, 1991.

Atlanta

First Federal Enterprises, Inc., Marianna, Florida,
proposed acquisition of First Federal Savings
Bank — report on competitive factors.
Submitted, February 11, 1991.

Atlanta

Flagler National Bank, West Palm Beach, Florida,
proposed acquisition of the assets and assumption
of the deposit liabilities of Central Savings and
Loan Association, Stuart, Florida — report on
compet it ive factors.
Submitted, February 11, 1991.

Richmond

Maryland National Bank, Baltimore, Maryland, proposed
merger with Central Atlantic Bank, National
Association, Aberdeen, Maryland — report on
compet it ive factors.
Submitted, February 15, 1991.

Chicago

Muncie Federal Savings and Loan Association, Muncie,
Indiana, proposed merger with ANB Savings Bank, FSB
— report on competitive factors.
Submitted, February 15, 1991.

Massachusetts,
its assets and
affiliated
competitive

H.2
FEBRUARY 11, 1991
PAGE 13

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Kansas City

Otoe County Bank, Nebraska City, Nebraska, proposed
acquisition of assets and assumption of the
liabilities of Otoe County National Bank and Trust
Company — report on competitive factors.
Submitted, February 14, 1991.

Atlanta

Peoples Bank, Colquitt, Georgia, proposed merger with
Peoples Preferred Interim, Inc. — report on
competitive factors.
Submitted, February 15, 1991.

Richmond

Republic National Bank, Columbia, South Carolina,
proposed purchase of certain assets and assumption
of certain liabilities of four South Carolina
branches of Poughkeepsie Savings Bank, F.S.B.,
Poughkeepsie, New York — report on competitive
factors.
Submitted, February 11, 1991.

Atlanta

Security National Bank of Orange County, Maitland,
Florida, proposed merger with Security National
Bank of Osceola, Kissimmee; Security National Bank
of Seminole County, Altamonte Springs; and Security
National Bank of Brevard, Melbourne, Florida —
report on competitive factors.
Submitted, February 15, 1991.

EXTENSIONS OF TIME




Minneapolis

Exeter Bancorporation, Inc., St. Paul, Minnesota —
extension to May 16, 1991, to acquire First State
Bank of Ada, Ada; Karlsbad State Bank, Karlsbad;
Crookston Financial Services, Inc., Crookston;
Crookston National Bank; St. Stephen
Bancorporation, St. Stephen; and St. Stephen State
Bank.
Granted, February 15, 1991.

Cleveland

First Bancorporation of Ohio, Akron, Ohio —
extension to engage de novo in permissible disaster
recovery company functions through First
Bancorporation Services Division, Brecksville,
Ohio.
Granted, February 11, 1991.

H.2
FEBRUARY 11, 1991
PAGE 14

TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME




San Francisco

First Interstate Bancorp, Los Angeles, California —
extension to divest certain property.
Granted, February 12, 1991.

Minneapolis

Ronan State Bank, Ronan, Montana — extension to
September 6, 1991, to open a branch in Pablo,
Montana.
Granted, February 12, 1991.

San Francisco

Security Pacific Corporation, Los Angeles, California
— extension to divest certain property.
Granted, February 13, 1991.

Philadelphia

Wilmington Trust Corporation, Wilmington, Delaware —
extension to July 3, 1991, to acquire Wilmington
Trust Company.
Granted, February 15, 1991.

H.2
FEBRUARY 11, 1991
PAGE 15

ADDITIONS AND CORRECTIONS
TO

FEBRUARY 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL




Boston

Bank of Boston Corporation, Boston, Massachusetts —
change in bank control.
Permitted, February 8, 1991.

FEDERAL RESERVE

BANK OF BOSTON APPLICATIONS

S E C T I O N I ~ APPLIC A T I O N S SU B J E C T TO
N E W S P A P E R NOTI C E ONLY
Application

Co m m e n t P e r i o d E n d i n g Date
NONE

S E C T I O N II - A P P L I C A T I O N S SU B J E C T TO BOT H
N E W S P A P E R A N D FE D E R A L R E G I S T E R N O T I C E
Application

C omment P e r i o d E n d i n g Date
NONE

S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T T O
F E D E R A L R E G I S T E R N O TICE ONLY
Application

C o m m e n t P e r i o d E n d i n g Date
NONE

S E C T I O N IV - A P P L I C A T I O N S NOT S U B J E C T TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application




NON E

S E C T I O N V - A V A I L A B I L I T Y OF CRA PUBL I C E V A L U A T I O N S

NONE

Federal Reserve Bank of New York

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Noribanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
February 9. 1991 through February 15. 1991
NAME OF BANK

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.
N/A - Not Available
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.




FEDERAL R E S E R V E 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

Montour Bank, Danville, PA change in bank control
notice filed by Charles Keiter.
3/6/91
2/20/91

Federal Register:
Newspaper:

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.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
For week endina 2/15/91

Institutions




Examination Date

None.

Applications Bulletin
F o r W e e k E n d i n g F e b r u a r y 16,

1991

S E C T I O N I - A P P L I C A T I O N S SU B J E C T TO N E W S P A P E R
NOTI C E O N L Y
NONE

S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE

S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R
NOTICE O N L Y
R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on
F e b r u a r y 12, 1991 from Pikev i l l e N a t i o n a l
Corporation, Pikeville, Kentucky, to
ac q u i r e F i r s t Federal Savings Bank,
Campbellsville, Kentucky.

N o t Yet Kno w n #

S E C T I O N I V - A P P L I C A T I O N S N O T S UBJECT TO F E D E R A L R E G I S T E R NO T I C E
OR NEWSPAPER NOTICE
R e c e i v e d a p p l i c a t i o n on Feb r u a r y 13, 1991 from
Banc One, Milwaukee, N . A . , Milwaukee, Wisconsin,
for p e r m i s s i o n to estab l i s h a foreign b r a n c h in
G r a n d Cayman, C a y m a n Islands, B r itish W e s t Indies,
p u r s u a n t to S e c t i o n 211.3 of R e g u l a t i o n K.*

*
#
N
F

-

S u b j e c t to C R A
E x p e c t e d to end app r o x i m a t e l y 30 days from the d a t e of receipt
N e w s p a p e r C o m m e n t Period
F e d e r a l R e g i s t e r Comment Period




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(J u l y 1. 1990 t h r o u g h F e b r u a r y 15. 1 9 9 1 )

T h e f o l l o w i n g state m e m b e r ba n k s h a v e b e e n e x a m i n e d b y the Federal
R e s e r v e B a n k of C l e v e l a n d for c o m p l i a n c e w i t h T h e C o m m u n i t y
R e i n v e s t m e n t Act.
A p u b l i c e v a l u a t i o n d o c u m e n t is a v a i l a b l e from
the bank(s) l i sted below.
If y o u are in t e r e s t e d in o b t a i n i n g a
c o p y of
an e v a l u a t i o n document,
please
c o n t a c t the bank(s)
directly.

T h e M i n s t e r St a t e Ban k
96 W. 4th S t r e e t
Minster, O h i o 45865
(419) 628-2351
Examined:
N o v e m b e r 13,




1990

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

None.

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.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending February 15, 1991

Examination
Date

Bank of Loudoun, Leesburg, Va.




11-19-90

F e deral R e s e r v e B a n k o f A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g F e b r u a r y 15.

1991

S e ction l - Applications Subject to N e w s p a p e r Notice Only
Applic a t i o n
The Peoples B a n k and Trust Company
Selma, Alabama
To estab l i s h a branch office at 1330 Highland
Avenue, Selma, Alabama to be known as The
Selma M a r k e t p l a c e Branch.

03-07-91 (CRA)
Newspaper

Section 2 - Applications Subject To Both
Newspaper and Federal R egister Notice
Appl i c a t i o n

Comment Period Ending Date

EuroHoldings, I n c .
Coral Gables, Florida
1-BHC formation, Transflorida Bank of
Palm Beach, Boca Raton, Florida, formerly
chartered in Boynton Beach, Florida.
NGLC, Inc.
Miami, Florida
1-BHC formation, Peoples National Bank of
Commerce, Miami, Miami, Florida.
FNC Bancorp, Inc.
D o u g l a s , Georgia
1-BHC formation, First National Bank
of Coffee County, Douglas, Georgia
(in o r g a n i z a t i o n ) .

02-12-91
Federal Register

American Bancorp, Inc.
Opelousas, Louisiana
After-the-fact change in control by
Diesi F a m i l y Tr u s t (Salvador Lawrence
Diesi, trustee) to retain 13.3 percent
of the o u t s t a n d i n g shares of common stock.

02-25-91
Federal Register

Section 4 - Applications Not Subject To Federal Reg i s t e r Notice
Or Newspaper Notice
Application
Barnett Banks, Inc.
Jacksonville, Florida
Commitment w a i v e r request.




Section

10 - A v a i l a b i l i t y of CR A P u b l i c E v a l u a t i o n s

Bank
Bank of Naples
Naples, Florida

E x a mination Date
11-26-90

Central State Bank
Calera, Alabama

11-26-90




Federal Reserve Bank of Chicago

Section I - Applications Subject to newspaper
Notice Only
Gcnment Period

Type

Application

eet

Bankers Trust Ccnpany
Des Moines, Iowa
Kum-N-Go, 50th and Pleasant
West Des Moines, Iowa*

N

Merger/

Comerica Bank - Detroit
Detroit, Michigan
Ccmerica Bank National Association
Jackson, Michigan
Jackson Street & Glich Highway
Jackson, Michigan
101 S. Main
Concord, Michigan
1014 Paka Plaza
Jackson, Michigan
103 W. Prospect Street
Jackson, Michigan
115 E. Michigan Avenue
Grass Lake, Michigan
121 N. Main
Brooklyn, Michigan
121 W. Brooklyn Road
Napoleon, Michigan
135 E. Main Street
Manchester, Michigan
1620 W. Michigan Avenue
Jackson, Michigan
2005 S. Jackson Road
Jackson, Michigan
2777 Airport Road
Jackson, Michigan
2815 E. Michigan Avenue
Jackson, Michigan
416 S. Main
Brooklyn, Michigan
4500 Page Avenue
Michigan Center, Michigan
7991 Spring Arbor Road
Spring Arbor, Michigan
820 W. High Street
Jackson, Michigan*

N

Branch




nate

- **

Federal Reserve Bank of Chicago

f t r - n Ti - Applications Subject to Both
iytin
Newspaper and Federal Register Notice
Gcranent Period
BnHinp nate

Type

Application

Y-l

Mergerco, Inc.
Farmington Hills, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank of Houston
Houston, Texas*

FR - 3-4-91
N - 2-13-91

Y-2

Michigan National Corporation
Farmington Hills, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank of Houston
Houston, Texas*

FR - 3-4-91
N - 2-13-91

Y-l

First Berlin Bancorp, Inc.
Berlin, Wisconsin
The First National Bank of Berlin
Berlin, Wisconsin*

FR - 3-4-91
N - ** •

Y-l

First Business Bancorp Co.
Chicago, Illinois
South Central Bank and Trust Ccmpany
Chicago, Illinois*

FR - 3-5-91
N - 2-28-91

Y-2

Northern Trust Corporation
Chicago, Illinois
Northern Trust of California Corporation
Chicago, Illinois
Northern Trust of California National
Association
Santa Barbara, California
Tri-Valley National Bank
Dublin, California*

FR - **
N - 3-11-91

Y-2

Northern Trust of California Corporation
Chicago, Illinois
Northern Trust of California National
Association
Santa Barbara, California
Tri-Valley National Bank
Dublin, California*

FR - **
N - 3-11-91

Y-l

Westchester Financial Corporation (was
First Channahan Bancorp, Inc.)
Naperville, Illinois
First Bank of Channahon (in organization)
Channahon, Illinois*




FR - **

N

- 2-28-91

Federal Reserve Bank of Chicago

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
(Continued)
Garment Period

Rndinnr nate

Application

Y-2

Y-2

Y-2

Old Second Bancorp, Inc.
Aurora, Illinois
Affiliated Bank/Burlington
Burlington, Illinois*
Prairie Bancorp, Inc.
Manlius, Illinois
Tampico National Bank
Tampico, Illinois*
Johnson International, Inc.
Racine, Wisconsin
Biltmore Investors Bank
New Holland, Illinois (formerly
Lake County Bank & Trust Ccnpany)*

FR - **

N

- 3-20-91

FR - **

N

- 2-1-91

FR - **

N

- **

Section III - Applications Subject to Federal Register Notice
Only

Cement Period
Knriinn n a te

Type

Application

Y-4

Amcore Financial, Inc.
Rockford, Illinois
River Valley Savings Bank
Rock Falls, Illinois

FR - **

Y-4

Metnobancorp
Indianapolis, Indiana

FR - 3-1-91




Metro Federal Savings Bank (in organization)
Indianapolis, Indiana

Federal Reserve Bank of Chicago

SECTION IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice

Type

Application

None

N
FR
*
**

_
_

Newspaper
Federal Register
Subject to Provisions of Ccmnunity Reinvestment Act
Not available at this tin**




AVAILABILITY OF CRA PUBLIC DISCLOSURES

The following institutions were examined for CRA. The 30-business day
period the bank has to irake the evaluation public has elapsed. This list
covers the week ending Friday, February 15, 1991.




BANK NAME/LOCATICN

EXAMINATION DATE

-State Bank of Blue Mound
Blue Mound, Illinois

10-16-90

-Ripley County Bank
Osgood, Indiana

10-01-90

-Glenwood State Bank
Glenwood, Iowa

11-05-90

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING FEBRUARY 15, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 3(a)(3) application by
First State Bancorp, Inc.,
Caruthersville, Missouri, to
acquire Farmers Bank of
Portageville, Portageville,
Missouri

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
None.

*

This application is subject to CRA.




End of Comment Period

Federal Reserve Bank of St. Louis
FOR THE VEEK ENDING FEBRUARY 15, 1991

AVAILABILITY OF CRA PUBLIC DISCLOSURES

Bank Name

Cltv and State

First Exchange Bank of St. Louis

St. Louis, Missouri




Examination Date
11-13-90

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

Application

Comment Period
Ending Date

Evan A. Tessier Trust
To increase ownership interest from
9.81% to 10.50% of Commercial Banshares, Inc., Mitchell, SD

3 1-91

Haugo Bancshares, Inc.
Elk Point, SD
To acquire Valley Bank
Elk Point, SD*

Not yet available

James Jorstad
To acquire control of 50% of
Ashby Bancshares, Incorporated,
Ashby,
Minnesota

Not yet available

First Bancshares of Valley City, Inc.
Valley City, ND
To acquire, via merger, Litchville
State Bank Holding Company, Litch­
ville, ND, a one-bank holding company
owning Litchville State Bank, Litch­
ville, ND*

3 20-91

Blue Water Bancshares, Ltd.
New Brighton, MN
To acquire First State Bank of
Graceville
Graceville, MN*

Not yet available

*Subject to CRA




-

(Federal Register)

-

(Newspaper)

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)

ADplication
United Banks of Colorado, Inc.
Denver, CO
To acquire 100% of the following Colorado
banks: United Bank of Boulder, N.A. , Boulder;
United Bank of Colorado Springs, N.A., Colorado
Springs; United Bank of Denver, N.A., Denver;
United Bank of Fort Collins, N.A. , Fort Collins;
United Bank of Greeley, N.A., Greeley; United Bank
of Montrose, N.A., Montrose; United Bank of
Steamboat Springs, N.A., Steamboat Springs; United
Bank of Sterling, N.A., Sterling; United Bank of
Grand Junction - Downtown, N.A., Grand Junction;
United Bank of Brighton, N.A., Brighton; United
Bank of Aurora, N.A., Aurora; United Bank of
Ignacio, N.A., Ignacio; United Bank of Pueblo,
N.A. , Pueblo; United Bank of Littleton, N.A. ,
Littleton; United Bank of Broomfield, N.A. ,
Broomfield; United Bank of Sunset Park, N.A. ,
Pueblo; United Bank of Lakewood, N.A., Lakewood;
United Bank of Northglenn, N.A., Northglenn; United
Bank of Lasalie, N.A., Lasalle; United Bank of
Grand Junction, N.A., Grand Junction; United Bank
of Delta, N.A., Delta; United Bank of Bear Valley,
N.A., Denver; United Bank of Colorado Springs - East,
N.A., Colorado Springs; United Bank of Southglenn,
N.A., Arapahoe County; United Bank of Longmont, N.A.,
Longmont; United Bank of Durango, N.A, Durango;
United Bank of Skyline, N.A., Denver; United Bank of
Buckingham Square, N.A., Aurora; United Bank of Monaco,
N.A. , Denver; United Bank of Garden of the Gods, N.A. ,
Colorado Springs; United Bank of Arvada, N.A., Arvada;
United Bank of Fort Collins - South, N.A. , Arvada;
United Bank of Arapahoe, N.A., Englewood; United Bank of
Southwest Plaza, N.A., Jefferson County; United Bank
of Cherry Creek, N.A., Denver; United Bank of Highland
Ranch, N.A., Highland Ranch; United Bank of Academy
Place, N.A., Colorado Springs; United Bank of Aurora City Center, N.A., Aurora; United Bank of Aurora - South,
N.A. , Aurora; United Bank of Westminster, N.A. , West­
minister.*

^Subject to CRA




Comment Period
Ending Date
10-31-90
(Newspaper)

FEDERAL RESERVE BANK OF MINNEAPOLIS

Section III - Applications Subject
to Federal Register Notice Only

Comment Period
Ending Date

Application
Commercial Banshares, Inc.
Mitchell, SD
To acquire Spectrum Life Insurance
Company, Mitchell, SD

Not yet available

Ashby Bancshares, Incorporated
Ashby, Minnesota
To engage in general insurance agency
activities through the acquisition of
Rylander Insurance Agency, Ashby,
Minnesota.

Not yet available

Haugo Bancshares, Inc.
Elk Point, SD
To engage in general insurance agency
activities through the acquisition of
Union County Insurance Agency, Elk
Point, SD.

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Herman First National Agency, Inc.
Herman, MN
" To redeem 10.6% of its voting shares.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending February 15, 1991

Bank. Nam
e




City/State

Examination Date

Federal Reserve Bank o f Kansas City

SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E O N L Y
A P P LICATION
United New Mexico Bank at
Albuquerque, Albuquerque, New Mexico,
for prior approval to merge with
United New Mexico Bank at Rio Rancho,
Rio Rancho, New Mexico.

COMMENT P E RIOD ENDING DATE
Not Ava i l a b l e

SECTION II - APPLICATIONS SUBJECT T O B O T H
NEWSP A P E R AND FEDERAL REGISTER N O T I C E
A P P LICATION

COMMENT P E RIOD ENDING DATE

Parker Bancorp., Inc., Parker,
Colorado, for prior approval to
become a bank holding company through
the acquisition of 87.75 percent of
the voting shares of Bank of the
West, Parker, Colorado.*

Not Ava i l a b l e

Dennis Monaghan, Omaha, Nebraska, for
prior approval to increase his
proportionate ownership interest in
Ashland Bancshares, Inc., Ashland,
Nebraska, by 44.7 percent to 67
percent.

Not Ava i l a b l e

Independent Colorado Bancshares,
Inc., Philadelphia, Pennsylvania, for
prior approval to become a bank
holding company through the
acquisition of 99 percent of the
voting shares of Berthoud National
Bank, Berthoud, Colorado.*

Not A v a ilable

SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R N O T I C E ONLY
A PPLICATION
Cattle Crossing, Inc., Seward,
Nebraska, for approval to engage in
community development activities.

COMMENT PERI O D ENDING DATE
Not Av a i l a b l e

SECTION IV - APPLICATIONS NOT SUBJECT TO F EDERAL R E G I S T E R NOTICE
O R NEWSPAPER NOTICE
A PPLICATION
None.




Federal Reserve Bank of Kansas City

SECTION X - AVAILABILITY OF CRA PUBLIC EVALUATIONS
(July 1, 1990 - February 8, 1991)

EXAMINATION DATE

First Interstate Bank of South Fort
Collins, Fort Collins, Colorado

November 13,

Arvada First Industrial, Arvada,
Colorado

November 26, 1990

Citizens Bank, Westminster, Colorado

November 19,

♦Application is subject to CRA.




1990

1990

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 11, 1991

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
Luther May, Jr., Big Springs, TX, to acquire an interest
in First Coleman Bancshares, Inc., Coleman, 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.




FEDERAL RESERVE BANK O DALLAS APPLICATIONS BULLETIN
F

SECTION X - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF FEBRUARY 11. 1991

Name of Bank

City & State

Date of Examination

Bank of Troy

Troy, Texas

10/22/90




FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 2/15/91
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Farmers & Merchants Bank of Central California,
Lodi, California, to establish a branch office
at 901 Carpenter Road, Modesto, California. *

Newspaper:

Not available

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
None

Section V - Availability of CRA Public Evaluations

*

The CRA public evaluations of the institutions below became available during
the week ending February 15, 1991. Information about an institution's CRA
evaluation may be obtained from the institition.
Institution

Location

Farmers and Merchants Bank
of Forest Grove

Forest Grove, OR

* Subject to CRA




Examination Date
11/05/90


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102