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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1995, NO. 7
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending February 18, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Monetary policy report to Congress.
Approved, February 13, 1995.
Monetary policy objectives -- statement by Chairman
Greenspan before the Senate Committee on Banking,
Housing, and Urban Affairs on February 22 and
before the House Committee on Banking, Finance and
Urban Affairs on February 23, 1995.
Authorized, February 17, 1995.

BANK HOLDING COMPANIES




Cheyenne Banking Corporation, Cheyenne, Oklahoma
to acquire Security State Bank.
Approved, February 15, 1995.
Commercial Bancorp, Salem, Oregon -- to merge with
West Coast Bancorp, Newport, Oregon, and acquire
Bank of Newport.
Approved, February 13, 1995.
Union Bank of Switzerland, Zurich, Switzerland -- to
engage de novo through UBS Community Development
Corporation, New York, New York, in making equity
investments in, and loans and grants to, community
development corporations.
Permitted, February 13, 1995.
Woodforest Bancshares, Inc., Houston, Texas -- to
acquire Sun Belt Bancshares Corporation, Conroe,
Texas, and National Bank of Conroe.
Approved, February 15, 1995.

H 2
FEBRUARY 13, 1995
PAGE 2

TO

FEBRUARY 17, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ENFORCEMENT
Interamericas Investments, Ltd., George Town, Cayman
Islands, and The Woodlands, Texas -- notice of
charges and of hearing against IAI, Peter Ulrich,
an institution-affiliated party of IAI, and Robert
L. Rice, an institution-affiliated party of Sun
Belt Bancshares, Inc., Conroe, Texas, and notice of
assessment of civil money penalty against IAI and
Ulrich.
Announced, February 16, 1995.
Sun Belt Bancshares, Conroe, Texas -- issuance of
cease and desist order against Robert L. Rice, an
institution-affiliated party of Sun Belt
Bancshares.
Announced, February 16, 1995.
FORMS
Survey of Consumer Finances (FR 3059) -- new survey.
Approved, February 17, 1995.
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, Hartford, Kentucky -- to establish a
branch at 1051 North Main Street, Beaver Dam,
Kentucky.
Approved, February 17, 1995.

Dallas

Minden Bank & Trust Company, Minden, Louisiana - - t o
establish a branch at 6250 Hearne Avenue, 3400 Line
Avenue, and 1633 North Market Street, Shreveport,
Louisiana.
Approved, February 15, 1995.

SANK HOLDINO COMPANIES




Atlanta

A. Wilbert's Sons Lumber and Shingle Co., Plaquemine,
Louisiana -- to acquire Bayoulands Financial
Corporation, Plattenville, Louisiana, and
Bayoulands Bank.
Approved, February 13, 1995.

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PAGE 3

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FEBRUARY 17, 1995

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

BANK HOLDING COMPANIES




Atlanta

A. Wilbert's Sons Lumber and Shingle Company,
Plaquemine, Louisiana -- waiver of filing of
application to merge with Bayoulands Financial
Corporation, Plattenville, Louisiana.
Approved, February 13, 1995.

Kansas City

American National Corporation, Omaha, Nebraska -- to
engage de novo in ownership and operation of a
trust company.
Approved, February 13, 1995.

Atlanta

Barnett Banks, Inc., Jacksonville, Florida, and
Barnett Mortgage Company -- to engage in mortgage
lending activities and credit-related insurance
activities through Bancplus Financial Corporation,
San Antonio, Texas.
Approved, February 17, 1995.

Dallas

Central Louisiana Capital Corporation, Vidalia,
Louisiana -- to engage de novo in consumer finance
activities and the sale of money orders through
Community Credit Centers, Inc., Lake Providence,
Louisiana.
Permitted, February 16, 1995.

Boston

Chittenden Corporation, Burlington, Vermont --to
acquire The Bank of Western Massachusetts,
Springfield, Massachusetts.
Approved, February 15, 1995.

Cleveland

Citizens Independent Bancorp, Inc., Logan, Ohio -- to
acquire The Citizens Bank of Logan.
Approved, February 14, 1995.

Cleveland

Commercial Bancshares, Inc., Upper Sandusky, Ohio -to acquire The Commercial Savings Bank.
Approved, February 13, 1995.

Chicago

Country Bank Shares Corporation, Mount Horeb,
Wisconsin - - t o engage de novo in data processing
and data transmission services.
Permitted, February 15, 1995.

H.2
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PAGE 4

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FEBRUARY 17, 1995

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

BANK HOLDING COMPANIES




GC

First Citizens Bancshares, Inc., Dyersburg, Tennessee
-- determination that sale of a certain parcel of
real estate constitutes divestiture.
Granted, February 16, 1995.

Kansas City

First Commerce Bancshares, Inc., Lincoln, Nebraska -to acquire Community Mortgage Company.
Approved, February 13, 1995.

Philadelphia

First Fidelity Bancorporation, Lawrenceville, New
Jersey -- to acquire First State Bank, Wilmington,
Delaware.
Approved, February 15, 1995.

Chicago

First Mutual Bancorp, M.H.C., Decatur, Illinois -- to
acquire First Mutual Bank, S.B., and engage in
making a loan to the ESOP to purchase stock of
First Mutual Bank S.B.
Returned, February 13, 1995.

Chicago

First of America Bank Corporation, Kalamazoo,
Michigan --to engage de novo in high residual
value leasing.
Approved, February 16, 1995.

Richmond

First Union Corporation, Charlotte, North Carolina -to acquire Ameribanc Investors Group, Annandale,
Virginia.
Approved, February 16, 1995.

Cleveland

Gillmor Financial Services, Inc., Old Fort, Ohio -to engage de novo in community development
activities through The Old Fort Real Estate
Company.
Permitted, February 16, 1995.

Philadelphia

Greater Delaware Valley Holdings, Broomall,
Pennsylvania --to acquire Greater Delaware Valley
Savings Bank.
Approved, February 16, 1995.

H 2
FEBRUARY 13, 1995
PAGE 5

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FEBRUARY 17, 1995

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

BANK HOLDING COMPANIES




Kansas City

Hoeme Family Partnership, Scott City, Kansas -- to
acquire First National Bancshares of Scott City,
Inc.
Approved, February 17, 1995.

Atlanta

Ibberville Bank, Plaquemine, Louisiana -- waiver of
filing of application to acquire Bayoulands
Financial Corporation, Plattenville, Louisiana, and
Bayoulands Bank.
Approved, February 13, 1995.

Chicago

Lakeview Financial Corp., Lakeview, Michigan -- to
engage de novo in lending activities through
LakeView Mortgage Corporation, Lansing, Michigan.
Approved, February 16, 1995.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -- to
acquire First American National Bank, Chandler,
Arizona.
Approved, February 14, 1995.

New York

NSB Holding Corp., Staten Island, New York -- to
become a mutual bank holding company by acquiring
the successor by conversion to Northfield Savings
Bank.
Approved, February 15, 1995.

Secretary

Signature Bancshares, Inc., Dallas, Texas, and
Signature Delaware Financial Corporation, Dover,
Delaware -- to acquire First State Bank, Coolidge,
Texas.
Approved, February 17, 1995.

New York

Union Bank of Switzerland, Zurich, Switzerland --to
acquire certain assets of Timberland Resources,
Inc., West Lebanon, New Hampshire, and to engage in
providing investment advisory services to
Timberland investments.
Approved, February 13, 1995.

H.2
FEBRUARY 13, 1995
PAGE 6

TO

FEBRUARY 17, 1995

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

BANK HOLDING COMPANIES

Secretary

U.S. Bancorp, Portland, Oregon -- to engage de novo
in issuing and paying letters of ,
credit, and other
services related to processing letters of credit
through U.S. Trade Services, Inc.
Permitted, February 16, 1995.

St. Louis

Whipple Family Limited Partnership, Arkadelphia,
Arkansas -- to act as an investment or financial
advisor and to engage in securities brokerage
activities through First Banc Securities, Inc.
Approved, February 17, 1995.

St. Louis

Whipple Family Limited Partnership, Arkadelphia,
Arkansas -- to acquire Central Arkansas Bancshares
Inc.
Approved, February 17, 1995.

BANK MERGERS

Dallas

Minden Bank St Trust Company, Minden, Louisiana --to
acquire certain assets and assume certain
liabilities of three branches of Hibernia National
Bank, New Orleans, Louisiana.
Approved, February 15, 1995.

BANK PREMISES
Chicago

Bank One, Champaign-Urbana, Champaign, Illinois -investment in bank premises.
Returned, February 15, 1995.

BANKS. FOREIGN




New York

Banco Santander, S.A., Santander, Spain, and FFB
Participacoes E Servicos, S.A., Funchal, Portugal
- to acquire First State Bank, Wilmington,
Delaware.
Approved, February 15, 1995.

H.2
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PAGE 7

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FEBRUARY 17, 1995

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

CHANGE IN BANK CONTROL
Dallas

Farmers & Merchants Bancshares, Inc., Mart, Texas -change in bank control.
Permitted, February 17, 1995.

Dallas

First Groesbeck Holding Company, Groesbeck, Texas -change in bank control.
Permitted, February 14, 1995.

Chicago

Iowa State Bank Holding Company, Des Moines, Iowa -change in bank control.
Returned, February 16, 1995.

San Francisco

Monarch Bancorp, Laguna Niguel, California -- change
in bank control.
Returned, February 16, 1995.

San Francisco

Mutual Series Fund, Inc., Short Hills, New Jersey -to acquire Monarch Bancorp, Laguna Niguel,
California.
Returned, February 16, 1995.

COMPETITIVE FACTORS REPORTS




Kansas City

Bank Midwest of Kansas, N.A., Lenexa, Kansas,
proposed merger with Citizens Bank & Trust of
Kansas City, Kansas City, Kansas -- report on
competitive factors.
Submitted, February 16, 1995.

Secretary

Bank of Amador, Jackson, California, proposed merger
with the lone branch of U.S. Bank of California,
Sacramento, California -- report on competitive
factors.
Submitted, February 15, 1995.

Richmond

Branch Banking and Trust Company, Wilson, North
Carolina, proposed merger with SNB Savings Bank,
Inc., SSB, Valdese, North Carolina -- report on
competitive factors.
Submitted, February 13, 1995.

H.2
FEBRUARY 13, 1995
PAGE 8

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FEBRUARY 17, 1995

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

COMPETITIVE FACTORS REPORTS




Cleveland

Community Bank of Lexington, Inc., Lexington,
Kentucky., proposed merger with Pikeville National
Bank and Trust Company, Pikeville, Kentucky -report on competitive factors.
Submitted, February 16, 1995.

Cleveland

Community First Bank, N.A., Forest, Ohio, proposed
merger with Community First Interim Bank, N.A. -report on competitive factors.
Submitted, February 15, 1995.

St. Louis

Farmers State Bank, Warsaw, Kentucky, proposed merger
with Citizens Bank, Dry Ridge, Kentucky -- report
on competitive factors.
Submitted, February 16, 1995.

Dallas

Fidelity Bank, National Association, University Park,
Texas, proposed acquisition of the assets and
assumption of the liabilities of the Lake Wood
branch at 1824 Abrams Parkway of Texas Community
Bank, National Association, Dallas, Texas -- report
on competitive factors.
Submitted, February 16, 1995.

Boston

First and Ocean National Bank, Newburyport,
Massachusetts, proposed purchase of certain assets
and assumption of certain liabilities of the
Newburyport branches of the George Peabody Co­
operative Bank, Peabody, Massachusetts -- report on
competitive factors.
Submitted, February 17, 1995.

H.2
FEBRUARY 13, 1995
PAGE 9

TO

FEBRUARY 17, 1995

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

COMPETITIVE FACTORS REPORTS




Cleveland

Glendale Bank of Pennsylvania, Philadelphia,
Pennsylvania, proposed merger with Mellon Bank,
N.A., Greensburg, Pennsylvania -- report on
competitive factors.
Submitted, February 16, 1995.

San Francisco

Home Savings of America, FSB, Irwindale, California,
proposed purchase of certain assets and assumption
of certain liabilities of one branch of Hawthorne
Savings and Loan Association, Hawthorne, California
-- report on competitive factors.
Submitted, February 14, 1995.

San Francisco

Merchants Interim National Bank, Sacramento,
California, proposed merger with Merchants National
Bank of Sacramento -- report on competitive
factors.
Submitted, February 17, 1995.

New York

Northfield Savings Bank, Staten Island, New York,
proposed merger with Interim Savings Bank -- report
on competitive factors.
Submitted, February 15, 1995.

Kansas City

Norwest Bank, New Mexico, N.A., Albuquerque, New
Mexico, proposed merger with The American National
Bank of Silver City, Silver City, New Mexico -report on competitive factors.
Submitted, February 14, 1995.

Dallas

Rosenberg Bank & Trust, Rosenberg, Texas, proposed
merger with Victoria Bank & Trust Company,
Victoria, Texas -- report on competitive factors.
Submitted, February 17, 1995.

Atlanta

Valrico State Bank, Valrico, Florida, proposed merger
with Valrico Interim Bank -- report on competitive
factors.
Submitted, February 15, 1995.

H.2
FEBRUARY 13, 1995
PAGE 10

TO

FEBRUARY 17, 1995

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

COMPETITIVE FACTORS REPORTS
Richmond

Wesbanco Bank Fairmont, Inc., Fairmont, West
Virginia, proposed merger with Wesbanco Bank
Bridgeport, Inc., Bridgeport, West Virginia -report on competitive factors.
Submitted, February 14, 1995.

Richmond

Wesbanco Bank South Hills, Charleston, West Virginia,
proposed merger with Wesbanco Bank Sissonville,
Sissonville, West Virginia -- report on competitive
factors.
Submitted, February 14, 1995.

Cleveland

Winton Savings and Loan Holding Company, Cincinnati,
Ohio, proposed purchase of most of the deposits
maintained at the current main office of Patriot
Federal Savings Bank, Cincinnati, Ohio -- report on
competitive factors.
Submitted, February 13, 1995.

EXTENSIONS OF TIME
Richmond

Valley Financial Corporation, Roanoke, Virginia -extension to May 16, 1995, to acquire Valley Bank,
N. A.
Granted, February 14, 1995.

MEMBERSHIP




Kansas City

Adams Bank & Trust, Ogallala, Nebraska --to become a
member of the Federal Reserve System.
Approved, February 16, 1995.

H.2
FEBRUARY 13, 1995
PAGE 11

ADDITIONS AND CORRECTIONS
TO

FEBRUARY 17, 1995

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

BANK

holding

COMPANIES

St. Louis

Meredosia Bancorporation, Inc., Springfield, Illinois
-- to aerge with Illiopolis Bancorporation, Inc.
Approved, February 6, 1995.

BANK MERGERS
Philadelphia

Farmers Trust Bank, Lebanon, Pennsylvania - - t o
purchase the assets and assume the liabilities of
the Schaefferstown branch of Meridian Bank,
Reading, Pennsylvania, and to establish a branch.
Approved, February 17, 1999.

BANKS. FOREIGN




New York

Societe Generale, Paris, France -- agreement pursuant
to section 8 of the Securities and Exchange Act of
1939 concerning extensions of credit to securities
brokers and dealers.
Approved, February 10, 1995.

H .2

ADDITIONS AND CORRECTIONS

FEBRUARY 13, 1995
PAGE 12

TO

FEBRUARY 17, 1995

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

EXTENSIONS OF TIME




Chicago

Bellevue Service Company, Bellevue, Iowa -- extension
to May 1, 1995, to acquire shares of Bellevue State
Bank and by Bellevue State Bank Employee Stock
Ownership Plan to acquire Bellevue Service Company
and Bellevue State Bank, and to engage in insurance
activities.
Granted, February 9, 1995.

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

Berkshire Financial
Federal Register
Services, Inc., Lee,
Massachusetts - 4(c)(8)
application to acquire
Berkshire Financial Centers
Inc., Lee, Massachusetts

02-21-95

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE *

*Subject to CRA.
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.




"N"

SECTION V - A V A IL A B IL IT Y OF CRA PUBLIC EVALUATIONS
Institution




Examination Date
NONE

Rating*

F e d e r a l R e s e rv e Bank o f New Y o rk

Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
None.

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.

SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
Deutsche Bank AG, Frankfurt, Federal Republic of
Germany, to acquire 100 percent of the voting
shares of ITT Business Services Corporation, a
Missouri corporation, and ITT Commercial Finance
Corporation, a Puerto Rico corporation, and
thereby to engage indirectly in making and
servicing loans, pursuant to Section 225.25 (b) (1) (i)
through (b)(1)(v) of Regulation Y, and in
data processing, pursuant to Section 225.25(b)(7)
of Regulation Y.

N/A

Chemical Banking Corporation, New York, New York, to acquire
50 percent general partnership interest in Chemical Mellon
Shareholder Services, Ridgefield Park, New Jersey, and
thereby to engage indirectly in securities transfer,
recordkeeping and relate^ activities, pursuant to
Section 225.25(b)(3) of Regulation Y.
N/A
Union Bank of Switzerland, Zurich, Switzerland, to acquire
through its wholly-owned indirect subsidiary, UBS Securities,
Inc., New York, New York, one voting share (representing 2
percent of total equity) of Government Pricing Information
System, Inc., New York, New York, a de novo information
systems company that engages in obtaining and providing timesequential reporting of bid and asked and last-completed
trade information concerning securities issued by the United
States Treasury, Agency Securities and Zero Coupon
Securities.
N/A




SECTION I I I

Nonbanking Applications
(subject to Federal Register Notice Only) con't
HSBC Holdings pic, London, United Kingdom, and HSBC Holdings
BV, Amsterdam, The Netherlands, to engage de novo through
their subsidiary, James Capel, Incorporated, New York,
New York in full service and discount brokerage, acting as
agent in the private placement of all types of securities and
providing related advisory services, acting as a riskless
principal in buying and selling all types of securities, and
providing investment and financial advice.
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 an
capabilities.

S u b s t a n t ia l n o n c o m p lia n c e i n m e e tin g com m unity c r e d i t n e e d s .

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 18, 1995
NAME OF BANK

RATING

EXAMINATION DATE

None.

i|

/
/
/

cn|

ro|

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
None
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
MNB Corporation, Bangor, PA, to form a bank holding company by acquiring 100% of the
voting shares of The Merchants National Bank of Bangor, Bangor, PA, pursuant to Section
3(a)(1) of the Bank Holding Company Act. The Merchants National Bank of Bangor will
merge with and into Merchants Interim National Bank in order to effect the formation.
Newspaper notice comment period expires:
Federal Register comment period expires:

02/10/95
N/Avail

Royal Bancshares, Inc.. Narbeth, PA has provided notice of its intention to form a bank
holding company by acquiring 100% of Royal Bank of Pennsylvania, Narbeth, PA, pursuant
to Section 3(a)(1) of the BHC Act.
(Notice procedure)
Newspaper notice comment period expires:
Federal Register comment period expires:

N/Avail
03/03/95

Susquehanna Bancshares, Inc., Lititz, Pennsylvania requests approval to acquire 100%
of the voting shares of Atlanfed Bancorp, Inc., and its wholly owned subsidiary,
Atlantic Federal Savings Bank, Baltimore, Maryland, pursuant to Section 4(c)(8) of the
Bank Holding Company Act and Section 225.25(b)(9) of Regulation Y.
Newspaper notice comment period expires:
Federal Register comment period expires:

03/08/95
N/Avail

Susquehanna Bancshares, Inc., Lititz, Pennsylvania requests approval to acquire 100%
of the voting shares of Reisterstown Holdings, Inc., and its wholly owned subsidiary,
Reisterstown Federal Savings Bank, Reisterstown, Maryland, pursuant to Section 4(c)(8)
of the Bank Holding Company Act and Section 225.25(b)(9) of Regulation Y.
Newspaper notice comment period expires:
Federal Register comment period expires:

03/08/95
N/Avail

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
NONE

1/Subject to provisions of community Reinvestment Act.




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 17, 1995*
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Meeds 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
NONE




Examination Date

CRA Rating

Federal R eserve B ank
of Cleveland
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387

A PPLICATIONS BU LLETIN
(For the week ending F eb ru ary 18,1995)
SECTION I - A PPLICA TIO N S SU BJECT TO NEW SPAPER N O TIC E ONLY
Received applications from The Fifth Third Bank of
Northeastern Ohio, Cleveland, Ohio, on February 15, 1995,
to merge with Falls Savings Bank, FSB, Cuyahoga Falls, Ohio,
pursuant to Sections 18(c) and 5(d)(3) of the Federal Deposit
Insurance Act, and incident thereto establish branch facilities
pursuant to Section 9 of the Federal Reserve Act.

*March 16, 1995

SECTION II - A PPLICA TIO N S SUBJECT TO BO TH NEW SPAPER AND FEDERAL
REG ISTER N O TIC E
Received Section 4(c)(8) notification from Fifth Third
Bancorp, Cincinnati, Ohio, on February 15, 1995, of its
intent to acquire Falls Bancorp, Inc., Cuyahoga Falls, Ohio.

*N: March 16, 1995

SECTION III - A PPLICATIONS SU BJECT TO FEDERAL R EG ISTER N O TIC E ONLY
Received Section 4(c)(8) notification from Mellon Bank
Corporation, Pittsburgh, Pennsylvania, on February 17, 1995,
to establish a wholly-owned nonbank subsidiary to engage in
certain securities activities.

Not Yet Known

Received Section 4(c)(8) notification from Mellon Bank
Corporation, Pittsburgh, Pennsylvania, on February 17, 1995,
to enter into a joint venture relationship with Chemical Banking
Corporation, New York, New York, to each acquire a 50 percent
partnership interest in Chemical Mellon Shareholder Services and
thereby engage in certain securities transfer, reecordkeeping, and
other related activities.

Not Yet Known

SECTION IV - A PPLICA TIO N S NOT SU BJECT TO FED ERA L R EG ISTER N O TICE
OR N EW SPA PER N O TICE
NONE

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt



AVAILABILITY O F CRA PUBLIC EVALUATIONS
(February 17,1995)

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 17,
1995. 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 low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PROVE: 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 moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON CO M PLIA N CE: 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 low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NONE




Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

Peninsula Trust Bank,
Gloucester, Virginia,
branch at 832 Newport
Center, Newport News,

Incorporated,
to establish a
Square Shopping
Virginia.*

3-17-95

Virginia Community Bank, Louisa, Virginia,
to establish a branch at 10654 Courthouse
Road, Fredericksburg, Virginia.*

3-4-95

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

F & M National Corporation, Winchester,
Virginia, to acquire Farland Investment
Management, Inc., Winchester, Virginia.

Not yet available.

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
None.

‘ Application is subject to CRA requirements.
-




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending February 17, 1995

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate -income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate -income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Examination
Date____

Bank of Gassaway
536 Elk Street
Gassaway, West Virginia




26624

Rating

11-28-94

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 17. 1995
Section 1 - Applications Subject to Newspaper Notice Only

Application

Comment Period Ending Date

1st United Bank
02-05-95*
Boca Raton, Florida
To merge with Jupiter Tequesta National Bank, Tequesta, Florida,
pursuant to Section 18(c) of the Federal Deposit Insurance Act.
Intervest Bank
02-27-95*
Clearwater, Florida
To establish a branch located at 2575 Ulmerton Road, Clearwater,
Florida, to be known as the Feather Sound Banking Center, pursuant
to Section 9 of the Federal Reserve Act.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Peoples Independent Bancshares, Inc.
Not yet available*
Boaz, Alabama
To merge with Randolph Bancshares, Inc., Roanoke, Alabama, and
thereby directly acquire First Bank, Wadley, Alabama, pursuant to
Section 3( a ) (5) of the Bank Holding Company Act.
Regions Financial Corporation
03-12-95*
Birmingham, Alabama
Newspaper
To acquire Fidelity Federal Savings Bank, Dalton, Georgia, pursuant
to Section 4(c)(8) of the Bank Holding Company Act and Section
225.25(b)(9) of Regulation Y.
FBD Holding Company
Dalton, Georgia
1-BHC formation,
First
organization).

Not yet available*
Bank

of

Dalton,

Dalton,

Georgia

03-06-95
Greater Rome Bancshares, Inc.
Rome Georgia
Federal Register
1-BHC formation, Greater Rome Bank, Rome, Georgia.

*Subject to provisions of the Community Reinvestment Act.



(in

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 17. 1995
Section 3 - Applications Subject to Federal
Register Only
Application

Comment Period Ending Date

None.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 17. 1995
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 ofmeeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs: An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Examination
Bank
None.




Rating

Date

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period

Ending Date

Type

Application

Merger/Branch

Firstar Bank Illinois
N - **
Naperville, Illinois
All American Bank
Chicago, Illinois
Colonial Bank
Chicago, Illinois
Community Bank & Trust Company of Edgewater
Chicago, Illinois
Michigan Avenue National Bank
Chicago, Illinois
First Colonial Bank Southwest
Burbank, Illinois
First Colonial Bank of McHenry County
Crystal Lake, Illinois
First Colonial Bank of Downers Grove
Downers Grove, Illinois
York State Bank
Elmhurst, Illinois
Fox Lake State Bank
Fox Lake, Illinois
First Colonial Bank/Highwood
Highwood, Illinois
First Colonial Bank/Mundelein
Mundelein, Illinois
First Colonial Bank of DuPage County
Naperville, Illinois
First Colonial Bank/Northlake
Northlake, Illinois
Avenue Bank of Oak Park
Oak Park, Illinois
First Colonial Bank/Rosemont
Rosemont, Illinois
First Colonial Bank of Lake County
Vernon Hills, Illinois
First Colonial Bank Northwest
Niles, Illinois
and to establish 30 branches

Branch

Security Trust & Savings Bank
Shenandoah, Iowa
1300 West Nishna Road
Shenandoah, Iowa

Merger/Branch

Fifth Third Bank of Central Indiana
N - **
Indianapolis, Indiana
Fifth Third Bank of Southeastern Indiana
Greensburg, Indiana & to establish 7 branches




N - 2-15-95

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only

Type

A p pl i c a tion

Branch

Bank of Illinois in Normal
Normal, Illinois
502 N. Prospect Road
Normal, Illinois




Comment Period
Ending Date
N - 3-15-95

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date

Type

Application

Y-l

West Plains Investors, Inc.
Pleasant Plains, Illinois
Pleasant Plains State Bank
Pleasant Plains, Illinois*

FR - 2-6-95
NP - 2-13-95

Y-l

First National Independent Bancorp, Inc.
LaGrange, Illinois
F.N.B.C. of LaGrange, Inc.
LaGrange, Illinois
Wesco Investment Corporations
LaGrange, Illinois*

FR - 11-21-94
NP - 2-27-95

Y- 2

Goodenow Bancorporation
Okoboji, Iowa
Jackson Bancorporation, Inc.
Fairmont, Minnesota
Bank Midwest, Minnesota Iowa, N.A.
Fairmont, Minnesota*

FR - 2-16-95
NP - 3-11-95

Y-2

Ida Grove Bancshares, Inc.
Ida Grove, Iowa
American National Bank
Ida Grove, Iowa*

FR - 2-13-95
NP - 1-29-95

Y-l

American Community Bankshares, Inc.
Wausau, Wisconsin
American Community Bank
Wausau, Wisconsin (in organization)*

FR - 2-17-95
NP - 2-13-95

Y-2

Marshall & Ilsley Corporation
Milwaukee, Wisconsin
Citizens Bancorp of Delavan, Inc.
Delavan, Wisconsin
Citizens Bank of Delavan
Delavan, Wisconsin
Sharon State Bank
Sharon, Wisconsin*

FR - 3-3-95
NP - **

CoC- HC

Waterford Bancshares, Inc.
Waterford, Wisconsin
by Gerald F. Fitzgerald, Jr.

FR - 2-15-95
NP - 2-15-95

Y-2

Firstar Corporation
Milwaukee, Wisconsin
Firstar Credit Card Bank, N.A.
Gurnee, Illinois (in organization)*

FR - 3-9-95
NP - **




Section II

Federal Reserve Bank of Chicago
Applications Subject to Both Newspaper
Register Notice
Continued

Federal

Comment Period
Ending Date

Type

Application

Y-2

Firstar Corporation of Wisconsin
Milwaukee, Wisconsin
Firstar Credit Card Bank, N.A.
Gurnee, Illinois (in organization)*

FR - 3-9-95
NP - **

Y-2

Amcore Financial, Inc.
Rockford, Illinois
NBM Bancorp, Inc.
Mendota, Illinois
First National Bank in Peru
Peru, Illinois
National Bank of Mendota
Mendota, Illinois*

FR - 3-6-95
NP - 3-2-95

Y-l

Foxdale Bancorp, Inc.
South Elgin, Illinois
Foxdale Bank
South Elgin, Illinois*

FR - 3-6-95
NP - 1-12-95

CoC- HC

FR - 3-8-95
Iowa State Bank Holding Company
NP - **
Des Moines, Iowa
by Marvin R. Selden, Jr.,
Melvin H. Nielsen, Dennis L. Gallagher,
Robert McLaughlin, Carl Selden as trustees
of the Hugh N. Gallagher

Y-2

Capitol Bancorp, Inc.
Lansing, Michigan
Grand Haven Bank
Grand Haven, Michigan*

FR - 3-17-95
NP - 3-3-95
(in organization)

Y-l

Oconomowoc Bancshares, Inc.
Oconomowoc, Wisconsin
First Bank of Oconomowoc
Oconomowoc, Wisconsin*

FR - **
NP - **

Y-2

Old Second Bancorp, Inc.
Aurora, Illinois
Bank of Sugar Grove
Sugar Grove, Illinois*

FR - 3-17-95
NP - **




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only

Comment Period
Ending Date

Type

Application

4(c) (8)

First Chicago Corporation
Chicago, Illinois
First Chicago Capital Markets, Inc.
Chicago, Illinois

FR - 2-21-95

4 (c) ( )
8

Whitewater Bancorp, Inc.
Whitewater, Wisconsin
to purchase loan participations and make
direct loans

FR - 2-22-95

4 (c) (8)

First Mutual Bancorp, Inc.
Decatur, Illinois
making a loan to the ESOP to purchase
stock of First Mutual Bank S.B.

FR - 3-1-95

4 (c) (8)

Quad City Holdings, Inc.
Bettendorf, Iowa
Quad City Bancard, Inc.
Bettendorf, Iowa

FR - 3-7-95

4(c) (8)

Marshall & Ilsley Corporation
FR - 3-8-95
Milwaukee, Wisconsin
Newco
Milwaukee, Wisconsin and
to engage in additional data processing & data
transmission activities

4(c) (8)

Ogle County Bancshares, Inc.
FR - **
Rochelle, Illinois
to continue to engage in lending activities




Federal Reserve Bank of Chicago
Section.^VL.- Applications Not Subject to Federal Register or Newspaper

Notice

None

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-day business day period
the bank has to make the evaluation public has lapsed during the week ending
February 17, 1995.
If you are interested in obtaining a copy t f 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
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.
SN-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 NAME/LOCATION

EXAMINATION DATE

RATINGS

-Bank One, Bloomington-Normal
2404 East Oakland
Bloomington, Illinois
61701-5836
(309) 664-9000

10/31/94

S

-Wayne Bank and Trust Company
145 West Main
Cambridge City, Indiana
47327-1119
(317) 478-3561

11/07/94

S




Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING FEBRUARY 17, 1995

Application

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period

None.

Application

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period

♦Section 3(a)(1) application by NC Bancorp, Inc.,
Shepherdsville, Kentucky, to acquire Nelson
County Banking Company, Bardstown, Kentucky.

Newspaper:

3/16/95

♦Section 3(a)(3) application by Golden Bancshares,
Inc., Golden, Illinois, to acquire Maurice L.
Quinn Properties, Inc., Northbrook, Illinois.

Newspaper:

3/10/95

♦Section 3(a)(3) application by Lima Bancshares,
Inc., Lima, Illinois, to acquire Wemple State
Bank, Waverly, Illinois.

Newspaper:

3/13/95

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period

Section 4(c)(8) notification by Old National
Bancorp, Evansville, Indiana, to acquire
Citizens National Life Insurance Corporation,
Tell City, Indiana.

3/8/95

♦Section 4(c)(8) notification by New Era
Bancorporation, Inc., Fredericktown, Missouri,
to acquire 9.99 percent of St. Francois County
Financial Corp., Farmington,Missouri.

3/25/95

Section 4(c)(8) notification by Wilson & Muir
Bancorp, Inc., Bardstown, Kentucky, to acquire
Bankers Mortgage Corporation, Louisville,
Kentucky (previously reported during week ending
2/10/95).

3/7/95

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 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
A n 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
A n institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank
Farmer Bank and Trust
Company




February 17, 1995

Bank Address
P.O. Box 688
Blytheville, AR

Examination
Date
10-24-94

72316-0688

Examination
Rating
Satisfactory

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
NONE.

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

Comment Period
Ending Date

Duke Financial Group, Inc., St. Paul, MN
for prior approval to acquire 53.06%
of the voting shares of the First
National Bank of North County, Carlsbad, CA*

March 17, 1995
(Federal Register)

Frandsen Financial Corporation, Forest Lake, MN
to acquire 100% of the voting shares
of the Minnesota Banc Holding Company,
Plymouth, MN*

March 17, 1995
(Federal Register)

Community First Bankshares, Inc., Fargo, ND
to acquire 100% of the voting shares
of the Abbot Bank Group, Inc., Alliance, NE*

March 17, 1995
(Federal Register)

Werner E. Schreiber Trust and Marlene I.
Havens, Larry W. Jochim, and Jerry James,
Co-Trustees, to acquire 22.89% of the
voting shares of Flathead Holding Company
of Bigfork, Bigfork, MT

March 7, i995
(Federal Register)

Werner E. Schreiber Trust and Marlene I.
Havens, Larry W. Jochim, and Jerry James,
Co-Trustees, to acquire 73.95% of the
voting shares of Mountain Bank System,
Inc., Whitefish, MT

March 7, 1995
(Federal Register)

*Subiect to CRA




FEDERAL RESERVE BANK OF MINNE«.?CL.I~
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

A p p lica tio n

First Community Bancorp, Inc.,
Glasgow, MT, to engage in general
insurance agency activities through
the acquisition of First National
Agency, Hinsdale, MT

March 7 , 1995

Norwest Corporation, Minneapolis,
Minnesota, to engage in servicing
loans through the acquisition of
mortgage servicing rights from
Barclays American/Mortgage Corporation,
Charlotte, NC

March 8 , 1995

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
A p p lica tion

NONE.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending February 17, 1995
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS .
An institution in this group has an outstanding record of , and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and 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(S) EXAMINED

DATE OF EXAMINATION

CRA RATING

Citizens Bank of Choteau
201 North Main
P.0. Box 858
Choteau, MT 59422-0858
(406) 466-5743

November 7, 1994

Satisfactory




Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBIECT TO NEWSPAPER NOTICE O N LY
APPLICATION
Star Valley State Bank, Afton, Wyoming, a de novo
bank, for prior approval to become a member of
the Federal Reserve System.

COMMENT PERIOD ENDING DATE
March 17, 1995

SECTION II - APPLICATIONS SUBIECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING DATE

Commerce Bancshares, Inc., Kansas City, Missouri,
for prior approval to acquire 100 percent of the
voting shares of Chillicothe State Bancorp, Inc.,
Chillicothe, Illinois.*

Not Available

Stine Family Partnership, Grand Island, Nebraska,
for prior approval to become a bank holding
company through the acquisition of 57.58 percent
of the voting shares of United Nebraska Financial
Co., Grand Island, Nebraska.*

March 8, 1995

Star Valley State Bank, Inc., Afton, Wyoming, for
prior approval to become a bank holding company
through the acquisition of 100 percent of the
voting shares of Star Valley State Bank, Afton,
Wyoming, (in organization).

March 17, 1995

First Place Financial Corporation, Farmington, New
Mexico, for prior approval to acquire 100 percent
of the voting shares of Western Bank, Gallup, New
Mexico.*

March 17, 1995




Federal Reserve Bank of Kansas City

SECTION HI - APPLICATIONS SUBIECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

Stine Family Partnership, Grand Island, Nebraska,
for prior approval to acquire 100 percent of the
voting shares of Burwell Insurance Agency, Inc.,
Burwell, Nebraska, and thereby engage in acting as
agent for the sale of general insurance in a town of
less than 5,000.

March 8, 1995

SECTION IV - APPLICATIONS NOT SUBIECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Union State Bancshares, Inc., Clinton, Missouri, for
prior approval to redeem 309.5 shares of its
common stock.

Not Available

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
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.




Federal Reserve Bank of Kansas City

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 lowand 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

Bank/Location
None.

*Application is subject to CRA.




Exam Date

CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 13, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

APPLICATION

NOTICE EXP

♦Section 9 application received from
Texas State Bank, McAllen, TX, to establish a
branch at 2009 West Expressway 83, Weslaco, TX 78596

95/03/15

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

APPLICATION

** NOTICE EXP

None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

APPLICATION

NOTICE EXP

Section 4(c)(8) de novo notice by
First Community Bancshares, Inc., Houston, TX, to
engage in the activities of providing economic information
and advice, statistical forecasting servicies, and industry
studies, conducting financial feasibility studies, providing
advice regarding swaps, caps, and similar transactions related
to interest rates or prices and economic indices

95/03/07

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

APPLICATION
Section 24A application by
The Bank of El Paso, El Paso, TX, to invest in bank
premises in excess of bank’s capital stock

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF FEBRUARY 13. 1995
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank

Date of
Examination

CRA Rating

The Bank of Livingston
1700 W. Church St.
P.0. Box 1048
Livingston, TX 77351-1048

94/11/14

Satisfactory

Cleburne State Bank
200 N. Ridgeway
P.0. Box 599
Cleburne, TX 76033-0599

94/11/14

Satisfactory




FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 2/17/95
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

California Independent Bancorp, Yuba City,
California, to become a bank holding company by
acquiring Feather River State Bank, Yuba City,
California. *

Newspaper:

2/25/95

Refiled: Frontier Bancorp, Redondo Beach, California,
to become a bank holding company by acquiring
Frontier State Bank, Redondo Beach, California. *

Newspaper:

1/20/95

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Glenn Fred Bergou, Usk, Washington, to increase
ownership from 9.49 to 10.39 percent of Pend
Oreille Bancorp, Newport, Washington. *

Newspaper:

2/15/95

Fed. Reg.:

3/07/95

Farmington Finance Corporation, Hong Kong., to
become a foreign bank holding company by acquiring
Farmington Bancorp, Seattle, Washington. *

Newspaper:

3/17/95

Fed. Reg.:

3/17/95

Farmington Bancorp, Seattle, Washington, to become
a bank holding company by acquiring Farmington
State Bank, Farmington, Washington. *

Newspaper:

3/17/95

Fed. Reg.:

3/17/95

Section III -Applications Subject to Federal Register Only
None

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA.



FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)

Week ending 2/17/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending February 17, 1995. Information about a particular institution's CRA evaluation
may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None

*Under the rating system an institution's CRA performance is assigned one of the
following
four ratings:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to 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 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.




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