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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1994, No. 9
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending February 26, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Community First Bankshares, Inc., Fargo, North
Dakota -- to acquire Bank of Spooner, Spooner,
Wisconsin.
Approved, February 22, 1994.
Community First Bankshares, Inc., Fargo, North Dakota
-- to acquire Ada BancShares, Inc., Ada, Minnesota,
and The Ada National Bank.
Approved, February 22, 1994.
Vermont Financial Services Corp., Brattleboro,
Vermont -- to acquire West Mass Bankshares, Inc.,
Greenfield, Massachusetts, and United Savings Bank,
Conway, Massachusetts.
Approved, February 22, 1994.
INTERNATIONAL OPERATIONS
Citibank N.A., New York, New York -- proposal that
Citibank Overseas Investment Corporation, New
Castle, Delaware, make an investment in Citibank
Canada Securities Limited, Toronto, Ontario,
Canada.
Permitted, February 25, 1994.
H .2
FEBRUARY 20, 1994
PAGE 2
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Atlanta
Barnett Bank of West Florida, Pensacola, Florida -to establish branches at 5918 North Davis Highway,
and 10100 Hillview Drive.
Approved, February 25, 1994.
BANK HOLDING COMPANIES
Atlanta
AmSouth Bancorporation, Birmingham, Alabama --to
acquire Fortune Bancorp, Inc., Clearwater, Florida,
and Fortune Bank, A Savings Bank.
Approved, February 25, 1994.
Atlanta
AmSouth Bancorporation, Birmingham, Alabama, and
AmSouth Bank of Florida, Pensacola, Florida -- to
acquire certain assets and assume certain
liabilities of Fortune Bank, A Savings Bank,
Clearwater, Florida.
Approved, February 25, 1994.
St. Louis
Arvest Bank Group, Inc., Bentonville, Arkansas --to
acquire Arvest Savings Bank, FSB, Tulsa, Oklahoma.
Approved, February 25, 1994.
Philadelphia
Carnegie Bancorp, Princeton, New Jersey --to acquire
Carnegie Bank.
Approved, February 25, 1994.
Minneapolis
Community First Bankshares, Inc., Fargo, North
Dakota --to acquire Grand National Bank of
Colorado, Fraser, Colorado.
Approved, February 25, 1994.
Secretary
First Bank System, Inc., Minneapolis, Minnesota -- to
engage de novo nationwide in data processing and
data transmission services through FBS Information
Services Corporation, St. Paul, Minnesota.
Permitted, February 24, 1994.
H.2
FEBRUARY 20, 1994
PAGE 3
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
First Bank System^
to engage de novo
Arizona, Florida,
Utah.
Withdrawn, February
Inc., Minneapolis, Minnesota -in data processing activities in
Kansas, Missouri, Texas, and
23, 1994.
Kansas City
First Missouri Bancshares, Inc., Brookfield, Missouri
--to acquire First Missouri Federal Savings and
Loan Association and convert it into First Missouri
National Bank.
Approved, February 23, 1994.
Atlanta
First National Sylacauga Corporation, Sylacauga,
Alabama - - t o engage de novo in lending activities
through Frontier Financial Services, Inc.
Permitted, February 20, 1994.
Atlanta
First Rainisville Bancshares, Inc., Rainsville,
Alabama --t o engage de novo in lending activities
through First Loan Corporation.
Permitted, February 25, T99f4.
St. Louis
First Stminton Bancshares, Inc., Staunton, Illinois - proposal that First National Bank in Staunton
purchase certain assets mid assume the deposit
liabilities of the Bethalto, Illinois, branch of
Lemont Federal Savings Association, Lament,
Illinois.
Approved, February 25, Tf#4.
Chicago
Firstar Corporation, MUvtaukss, Wisconsin -- to
engage de novo in data processing activities
through Firstar Heme Mortgage Corporation.
Permitted, February 22,
H.2
FEBRUARY 20, 1994
PAGE 4
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Hancock Bancorp, Inc., Plymouth, Illinois -- to
acquire Community State Bank of Plymouth.
Returned, February 23, 1994.
Chicago
Home Bancorp, Fort Wayne, Indiana -- to acquire Home
Loan Bank S.B., and to engage de novo in making and
servicing a loan to the Employee Stock Option Plan
of the Home Loan Bank.
Permitted, February 23, 1994.
New York
Interchange Financial Services Corp., Saddle River,
New Jersey -- proposal that Interchange State Bank
purchase certain assets and assume certain
liabilities of Volunteer Federal Savings
Association, Little Ferry, New Jersey.
Approved, February 25, 1994.
Dallas
Mission-Heights Management Company, Ltd., Houston,
Texas -- to acquire Independent Bancorp, Inc.,
Channelview, Texas, IBID, Inc., Wilmington,
Delaware, and Channelview Bank, Channelview, Texas.
Approved, February 24, 1994.
Philadelphia
National Penn Bancshares, Boyertown, Pennsylvania -proposal to purchase certain assets and assume
certain liabilities of eight branches of Central
Pennsylvania Savings Association, F.A., Shamokin,
Pennsylvania.
Approved, February 24, 1994.
H .2
FEBRUARY 20, 1994
PAGE 5
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Norwest Corporation, Minneapolis, Minnesota; Norwest
Financial Services, Inc., Des Moines, Iowa; and
Norwest Financial, Inc. -- to engage in data
processing through Allied Business System, Inc.,
Macon, Georgia.
Approved, February 23, 1994.
Chicago
Quad City Holdings, Inc., Bettendorf, Iowa -- to
engage de novo in lending activities.
Returned, February 23, 1994.
Atlanta
Synovus Financial Corp., Columbus, Georgia, and TB&C
Bancshares, Inc. - -to merge with PNB Bankshares,
Inc., Peachtree City, Georgia, and acquire
Peachtree National Bank.
Approved, February 22, 1994.
Atlanta
United Bank Corporation, Barnesville, Georgia --to
engage de novo in real estate -and personal 'property
appraisal activities.
Permitted, February 23, 1994.
San Franciaco
U.S. Bancorp, Portland, Oregon --to expand de novo
its data processing activities.
Withdrawn, February 24, 1994.
IANS PREMISES
Kansas City
BancFirst, Oklahoma City, Oklahoma -- investment in
bank premises.
Approved, February 25, 1994.
Richmond
Farmers ft Merchants Bank, Timberville, Virginia -investment in bank premises.
Approved, February 23, 1994.
H. 2
FEBRUARY 20, 199*4
PAGE 6
TO
FEBRUARY 25, 199*4
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS
Dallas
First Madison Bank, FSB (formerly First Gibraltar
Bank, FSB), Dallas, Texas -- registration
statement.
Withdrawn, February 2*4, 199*4.
Dallas
Hall-Mark Electronics Corporation, Dallas, Texas -registration statement.
Withdrawn, February 2*4, 199*4.
CHANGE IN BANK CONTROL
San Francisco
Bank of San Francisco Holding Company, San Francisco,
California -- change in bank control.
Returned, February 2*4, 199*4.
Chicago
First State Bancorporation, Inc., Independence, Iowa,
and Independence Bancshares, Inc. -- change in bank
control.
Returned, February 2*4, 199*4.
cqnPKiTlM £A£IQR$ BSfiSls
Atlanta
Cherokee Federal Savings Bank, FSB, Canton, Georgia,
proposed acquisition of North Georgia National
Bank, Woodstock, Georgia -- report on coapetitive
factors.
Submitted, February 25, 199*4.
Richmond
First-Citizens Bank ft Trust Company, Raleigh, North
Carolina, proposed purchase of certain assets and
assumption of deposit liabilities of the Gastonia,
North Carolina, branch of Home Savings Bank,
S.S.B., Kings Mountain, North Carolina -- report on
competitive factors.
Submitted, February 23, 199*4.
Kansas City
FirstBank of Longmont, Longmont, Colorado -- proposed
acquisition of the assets and assumption of the
liabilities of the Loveland and Greeley, Colorado,
branches of First Federal Savings Bank of Colorado,
Lakewood, Colorado -- report on competitive
factors.
Submitted, February 23, 199*4.
H.2
FEBRUARY 20, 1994
PAGE 7
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Kansas City
FirstBank of Northern Colorado, Fort Collins,
Colorado, proposed acquisition of the assets and
assumption of the liabilities of the Loveland and
Greeley, Colorado, branches of FirstBank of
Longmont, Longmont, Colorado -- report on
competitive factors.
Submitted, February 23, 1994.
Atlanta
Intercontinental Bank, Miami, Florida, proposed
merger with The Bank of Coral Gables, Dade County,
Florida, and establishment of two branches -report on competitive factors.
Submitted, February 23, 1994.
Boston
MidConn Bank, Kensington, Connecticut, proposed
merger with The Federal Savings Bank, New Britain,
Connecticut -- report on competitive factors.
Submitted, February 24, 1994.
Boston
Shawmut Bank, Connecticut, N.A., Hartford,
Connecticut, proposed acquisition of the assets and
assumption of the liabilities of Gateway Bank,
Norwalk, Connecticut -- report on competitive
factors.
Submitted, February 25, 1994.
Atlanta
Trust Company Bank of South Georgia, N.A., Albany,
Georgia, proposed merger with Trust Company Bank of
Coffee County, Douglas, Georgia -- report on
competitive factors.
Submitted, February 23, 1994.
EXTENSIONS OF TIME
New York
Banco Santander, S.A., Santander, Spain -- extension
to November 25, 1994, to exercise warrants to
purchase shares of First Fidelity Bancorporation,
Lawrericeville, New Jersey.
Granted, FebruarV 23, 1994.
Secretary
Chase Manhattan Overseas Banking Corporation,
Wilmington, Delaware -- extension to divest certain
property.
Granted, February 24, 1994.
H.2
FEBRUARY 20, 1994
PAGE 8
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEOATED AUTHORITY
EXTENSIONS OF TINE
Chicago
Talen, Inc., Traer, Iowa -- extension to June 2,
1994, to acquire Farmers and Merchants Bank,
Greenwood, Wisconsin.
Granted, February 24, 1994.
San Francisco
U.S. Bancorp, Portland, Oregon -- extension to divest
certain property.
Granted, February 23, 1994.
RESERVE BANK SERVICES
Director, FRBO
Federal Reserve Bank of Minneapolis - - t o implement
an Electronic Group Sort deposit option.
Approved, February 23, 1994.
H .2
FEBRUARY 20, 1994
PAGE 9
ADDITIONS AND CORRECTIONS
TO
FEBRUARY 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Boston
Andover Bank, Andover, Massachusetts, proposed
acquisition of the assets and assumption of the
liabilities of the Community Savings Bank,
Lawrence, Massachusetts -- report on competitive
factors.
Submitted, February 10, 1994.
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
Newspaper
Fleet Financial Group,
Inc., Providence, Rhode
Island - 3(a) (3)/3(a) (5)
application to acquire
Sterling Bancshares
Corporation, Waltham,
Massachusetts
03-23-94
Federal Register
Not Yet Established
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
Rating*
NONE
♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory; "N" Needs to Improve; "SN" - Substantial Noncompliance.
Federal Reserve Bank o f New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
Fleet Bank of New York, Albany, New York, ("FBNY") to merge
Fleet Bank, Melville, New York with and into FBNY, under the
charter of FBNY and title of Fleet Bank, and, incident there
to, to establish branches.1/
3/18/94
United Jersey Bank, Hackensack, New Jersey (nUJB") to merge
United Jersey Bank/Central, N.A., South Brunswick, New Jersey,
and United Jersey Bank/South, N.A., Cherry Hill, New Jersey
with and into UJB, and, incident thereto, to establish
branches.]./
3/20/94
Alden State Bank, Alden, New York to establish a branch at
5802 Broadway, Town of Lancaster, New York.l/
3/21/94
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Sumitomo Trust and
acquire all of the
Aviation Services,
engage in aircraft
Banking Co., Ltd., Osaka, Japan, to
outstanding common shares of Boullioun
Inc., Bellevue, Washington, and thereby
leasing activities.
N/A
Societe Generale, Paris, France, to engage through its whollyowned indirect subsidiary, FIMAT Futures USA, Inc., in
providing execution, clearance and advisory services with
respect to certain non-financial agricultural and energy futures
contracts and options on futures contracts.
N/A
The Long-Term Credit Bank of Japan, Limited, Tokyo, Japan to
engage de novo in leasing tangible personal property , or acting
as agent, broker, or adviser in leasing such property, in which
the lessor relies on an estimated residual value of the property
in excess of 25 percent of the acquisition cost.
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 depositoryinstitution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending February 26, 1994
NAME OF BANK
RATING
EXAMINATION DATE
None.
oilco|
1/
/
/
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
F ED ER A L R ES ER V E
BANK OF P H IL A D E L P H IA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Harlevsville National Corporation, Harleysville, Pennsylvania, requests approval to
acquire 100% of the voting shares of Security National Bank, Pottstown, Pennsylvania,
pursuant to Section 3(a)(3) of the Bank Holding Company Act.
Newspaper Comment Period expires:
Fed. Reg. Comment Period expires:
3/21/94
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Meridian Bancorp, Inc., Reading, PA requests approval to acquire 100% of McGlinn
Capital Management, Inc., Wyomissing, PA, pursuant to Section 4(c)(8) of the BHC Act.
Fed. Reg. comment period expires:
N/A
Corestates Financial Corp., Philadelphia, PA requests approval to acquire 100% of
Rittenhouse Financial Services, Inc., Radnor, PA, pursuant to Section 4(c)(8) of the
BHC Act and, thereby, provide investment advice to any other person and registered
investment advice, pursuant to Sections 225.25(b)(4)(ii) and (iii) of Regulation Y.
Fed. Reg. comment period expires:
N/A
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
None.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.
FEDERAL RESERVE
BANK OF P H IL A D E L P H IA
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 25, 1994.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:
institution's
CRA
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
Examination Date
None.
CRA Rating
Federal Reserve Bank of Cleveland
Applications Bulletin
For W e e k E n d i n g F e b r u a r y 26,
1994
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
N O T I C E ONL Y
Received prior notice from Integra
Bank/Pittsburgh, Pittsburgh, Pennsylvania,
on February 23, 1994, of its intent to
establish a CBCT facility at Jeannette
Hospital, 600 Jefferson Avenue, Jeanette,
Pennsylvania.
* March 14, 1994
S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H
N E W S P A P E R A N D F E DERAL R E G I S T E R N O T I C E
Received Notice of Change in Bank Control
Not Yet Known #
from Batrus & C o . (as nominee of P. Dunmire
Trust); Batrus & Co. (as nominee of S.E. Dunmire
Trust); Paul L. Dunmire, deceased, as trustee for
Philip L. Dunmire, pursuant to Uniform Gifts to
Minors Act; and Philip L. Dumnire (individual
capacity) of their intent to retain up to 51.000
percent of the outstanding shares of Peoples
Financial Corp., Inc., Ford City, Pennsylvania.
Received Section 3(a)(3) application from
* Not Yet Known #
Banc One Corporation, Columbus, Ohio, and Aaron
Acquisition Corporation, Louisville, Kentucky,
on February 18, 1994, to acquire Liberty
National Bancorp, Inc., Louisville, Kentucky.
Received Section 4 ( c ) (8) application from
* Not Yet Known #
Mellon Bank Corporation, Pittsburgh, Pennsylvania,
on January 3, 1994, to acquire Dreyfus Security
Savings Bank, FSB, Paramus, New Jersey, and Dreyfus
Trust Company, Uniondale, New York.
S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R
N O T I C E ONL Y
Received Section 4( c ) (8) application from
Park National Corporation, Newark, Ohio, on
February 16, 1994, to acquire Scope Leasing,
Columbus, Ohio.
*
N
F
#
-
March 21, 1994
Inc.,
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
Applications Bulletin
For W e e k E n d i n g F e b r u a r y 26,
1994
S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO FE D E R A L R E G I S T E R
NOTI C E O NLY
Received Section 4 ( c ) (8) application from
Mellon Bank Corporation, Pittsburgh,
Pennsylvania, on February 7, 1994, to acquire
The Truepenney Corporation, The Trotwood
Corporation, The Trotwood Hunters Site A
Corporation, The Trustwood Hunters Corporation,
and Dreyfus Realty Advisors, Inc., all located
in New York, New York.
Received Section 4 ( c ) (8) Notification from Banc
One Corporation, Columbus, Ohio, and Banc One
Colorado Corporation, Montrose, Colorado, on
February 11, 1994, to engage in trust activities
through Bank One Colorado Trust Company, N.A . ,
Denver, Colorado.
Received Section 4 ( c ) (8) application from
Banc One Corporation, Columbus, Ohio, and Aaron
Acquisition Corporation, Louisville, Kentucky,
on February 18, 1994, to acquire the non-bank
subsidiaries of Liberty National Corporation,
Louisville, Kentucky.
Not Yet Known #
March 15, 1994
Not Yet Known #
Received Section 4 ( c ) (8) application from
March 25, 1994
United Bancorp of Kentucky, Inc., Lexington,
Kentucky, on February 22, 1994, to acquire Computer
Bank Services, Inc., Lexington, Kentucky.
S E C T I O N IV - A P P L I C A T I O N S N O T S U BJECT TO F E D E R A L R E G I S T E R NO T I C E
OR N E W S P A P E R N O T I C E
None *
*
N
F
#
-
Subject to C R A
N e w s p a p e r Comment Period
Federal R e g i s t e r Comment Period
E x p e c t e d to e n d a p p r o x i m a t e l y 30 days f r o m date of
a p p l i c a t i o n ' s receipt.
A V A I L A B I L I T Y OF CRA P U B L IC EV A LU A TIO N S
F e b r u a r y 2 5 , 1994)
The following state member banks have been examined by the
Federal Reserve Bank of Cleveland for compliance with The Community
Reinvestment Act. A public evaluation document became available
from the bank(s) listed below during the week ended February 25,
1994.
If you are interested in obtaining a copy of an evaluation
document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING:
a bank in this group has an outstanding record
of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record
of ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
NEEDS TO IMPROVE:
a bank in this group needs to improve its
overall record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Fayette Bank and Trust Company
58 W. Main Street
Box 2088
Uniontown, Pennsylvania 15401
(412) 438-4531
Rating:
Outstanding
Exam Date:
November 29, 1993
The Provident Bank
1 E. Fourth Street
Cincinnati, Ohio 45202
(513) 579-2000
Rating:
Outstanding
Exam Date:
October 18, 1993
-•
.
,
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
Comment Period Ending Date
Application
Community Bancshares, Inc., North Wilkesboro,
North Carolina, to acquire 20% of the voting
shares of Community Mortgage Corporation of
North Carolina, Statesville, North Carolina.
Not yet available.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
NationsBank of North Carolina, N.A.,
Charlotte, North Carolina, to establish
a branch in Hong Kong.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending February 25, 1994
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date
F & M Bank-Winchester
115 N. Cameron Street
Winchester, Virginia 22604
Rating
11-29-93
Satisfactory
Citizens Bank of Virginia
P. 0. Box 12588
Arlington, Virginia 22209
12-6-93
Satisfactory
Miners Exchange Bank
Alt. Route 58
Coeburn, Virginia 24230
12-6-93
Satisfactory
12-6-93
Satisfactory
The Capon Valley Bank
Main Street
Wardensville, West Virginia
26851
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 25, 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Bank of Alabama
Fultondale, Alabama
To establish a branch located at 2340
Woodcrest Place, Suite 100, Birmingham,
Alabama.
03-18-94*
Barnett Bank of West Florida
Pensacola, Florida
To establish a branch located at 5918 North
Davis Highway, Pensacola, Florida, to be
known as Carpenters Creek Community Office.
03-21-94*
Barnett Bank of West Florida
Pensacola, Florida
To establish a branch located at 10100
Hillview Drive, Pensacola, Florida, to be
known as Azalea Trace Office.
03-21-94*
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Hibernia Corporation
New Orleans, Louisiana
To merge with Commercial Bancshares, Inc.
Abbeville, Louisiana, and thereby directly
acquire First Commercial Bank, Franklin,
Louisiana, pursuant to Section 3 ( a ) (5) of
the Bank Holding Company A c t .
Not yet available*
Independent Bankshares Corporation
Not yet available*
Gallatin, Tennessee
Change in control notice by Floyd and Helen
Porter, Trustees of Tennessee Classics P.S.,
Inc., Gallatin, Tennessee, to increase
ownership to over 10 percent of the
outstanding shares of Independent Bankshares
Corporation, Gallatin, Tennessee.
♦Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 25, 1994
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
Bank of Alabama
Fultondale, Alabama
Request for increase in bank premises.
Founders Financial Corporation
Naples, Florida
Commitment waiver request.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending February 25. 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
reco r d
of
meeting
c o m m u n i t y cred i t
needs:
An
institution has an
outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Outstanding
r e c o r d of m e e t i n g
community
c r edit
needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Satisfactory
to improve r e c o r d of m e e t i n g c o m m u n i t y c r edit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs
n o n c o m p l i a n c e in m e e t i n g c o m m u n i t y cred i t needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Subs t a n t i a l
Examination
Bank
Rating
Bank of Naples
Satisfactory
4949 Tamiami Trail,
Suite 3
Naples, Florida 33941
(813)434-7200
Date
11-15-93
Federal Reserve Bank of Chicago
Section I
- A p p l i c a t i o n s S u bject to N e w s p a p e r
Notice O n l y
Comment Period
E n d i n g Date
Type
Application
Branch/24A/
SMB-OT
B a n k e r s Trust Company
D e s Moines, Iowa
C o r n e r o f E u c l i d & Cambridge A v e n u e
D e s Moines, Iowa*
Branch
Comerica Bank
D e t r o i t , Michigan
15251 24 M i l e R o a d
M a c o m b Township, Michigan*
N
- 2-16-94
Branch
First Bank North
Freeport, Illinois
3 9 5 7 N. M u l f o r d Road
R o c k f o r d , I l l inois*
N
- **
Branch
O l d K e n t B a n k - S outhwest
Kalamazoo, Michigan
3 5 1 0 W e s t C e n t r e Street
Portage, M i c h i g a n *
N
- **
Branch
(Reg K)
T h e F i r s t N a t i o n a l Sank of Chicago
Chicago, I l l i n o i s
E s t a b l i s h a b r a n c h in Sydney, A u s t r a l i a *
N
- **
N
- 3-4-94
Federal Reserve Bank of Chicago
Section II
- A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l
Register Notice
Comment Period
Ending Date
Tvoe
Application
CoC-HC
I n d e p e n d e n c e Bancshares, Inc.
Independence, Iowa
J. L. Blin; B a y w a t e r P r o p e r t i e s ; W. Cree s ;
C. Fritz; V. Hoffman; W. K uehn; G. S h o r t ;
a n d H. Short
CoC-HC
First State Bancorporation
FR
I ndependence, Iowa
NP
J. L. Blin; B a y w a t e r P r o p e r t i e s ; W. Crees;
C. Fritz; V. Hoffman; Vi. Kuehn; G. S h o r t ;
a n d H. Short
FR
N
- 2-22-94
- 3-14-94
★*
3-14-94
Y-2
C a pitol Bancorp, Ltd.
Lansing, M i c h i g a n
F i n a n c i a l Center C o r p o r a t i o n
Holland, M i c h i g a n
Paragon Bank
Holland, Mic h i g a n *
FR
N
2-25-94
1-11-94
CoC-HC
I l l i n o i s V a l l e y Bancorp, Inc.
Morris, Illinois
R o n a l d L. Wohlwend, R o n a l d L.
Wohlwend, Trustee, J a c k L e w i s
Trust UTA DTD, C a t h e r i n e L e w i s
Trust VTA DTA
FR
N
2-1 -94
Y-l
A n t i o c h Bancshares, Inc. E m p l o y e e
S a v i n g s a n d Stock O w n e r s h i p
Antioch, Illinois
A n t i o c h Bancshares, Inc.
Antioch, Illinois*
FR
N
2-11-94
2-25-94
Y-2
M a h a s k a Inve s t m e n t C o m p a n y
Oskaloosa, Iowa
T a i n t o r Savings B a n k
N e w Sharon, Iowa*
FR
NP
2-22-94
10-25-93
CoC-HC
B a n k l l l i n o i s Financial
Co.
Champaign, Illinois
Van A. Dukeman; D a v i d J. Downey,
S h a p l e m d & G r e g o r y B. L y k i n s
FR
NP
2-22-94
2-14-94
FR
★★
Y-2
M a r q u e t t e National C o r p o r a t i o n
Chicago, I l linois
Orland State Bank
O r l a n d Park, I l l i n o i s *
★*
G e o r g e T.
Federal Reserve Bank of Chicago
Section I I
- A p p l i c a t i o n s Subject- to B o t h N e w s o a o e i
Register Notice
(C o n t i n u e d )
Type
A p p lic a tio n
Y-2
C e n t r a l I l l i n o i s Bancorp,
Sidney, I l l i n o i s
H i l l s i d e I n v e s t o r s Ltd.
Hill s i d e , I l l i n o i s
Bank of Hillside
Hill s i d e , I l l i n o i s *
Y-l
Y-2
and Federal
Comment Period
Ending Date
FR
N
- 2-22-94
- 2-10-94
Cleveland Development Bancorporation
Chicago, I l l i n o i s
P o t t e r s B a n k a n d Trust Co.
E a s t Liverpool, Ohio*
FR
N
- 2-22-94
- 2-26-94
Shorebank Corporation
Chicago, I l l i n o i s
Cleveland Development Bancorporation
Chicago, I l l i n o i s
P o t t e r s B a n k a n d Trust Co.
E a s t Liverpool, Ohio*
FR
N
- 2-22-94
- 2-26-94
Inc.
Y-l/Oakar
M u t u a l B a n c s h a r e s C orporation
Milwaukee, Wisconsin
Mutual Savings Bank
M i l w a u k e e , Wisconsin*
FR
N
- 2-25-94
- **
Y-l
B a n k o f W a u n a k e e E m p l o y e e Sto c k
Ownership Plan
Waunakee, W i s c o n s i n
W a u n a k e e B a n k Shares, Inc.
Waunakee, Wisconsin*
FR
N
- 2-25-94
- 2-23-94
Y-2
O l d K e n t F i n a n c i a l C o r p o ration
G r a n d Rapids, M i c h i g a n
E d g e m a r k F i n a n c i a l C o r p o r a t i o n ">
Chicago, I l l i n o i s
Edgemark Bank-Lombard
Lombard, I l l i n o i s
Edgemark Bank-Rosemont Rosemont, Illinois
E d g e w o o d Bcuik
Countryside, Illinois
F i r s t N a t i o n a l B a n k o f Lockporb'
Lockport, Illinois
;
M e r c h a n d i s e National Bank of C h i c a g o
Chicago, I l l i n o i s *
FR
N
- 2-25-94
- 3-16-94
Federal Reserve Bank of Chicago
Section II
- A p p l i c a t i o n s S u bject to B o t h N e w s p a p e r a n d F e d e r a l
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
COC-HC
W i t h e e B a n k Shares, Inc.
Withee, Wisconsin
W a l t e r E. Ollech, W a l t e r E. O l l e c h
E S O P and Sc h u s t e r - C a m p m a n A b s t r a c t
& Title Co.
FR
NP
- **
- **
Y-2
O l d Kent-Illinois, Inc.
Elmhurst, Illinois
E d g e m a r k Financial C o r p o r a t i o n
Chicago, Illinois
Edgemark Bsmk-Lombard
Lombard, Illinois
Edgemark Bank-Rosemont
Rosemont, Illinois
E d g e w o o d B ank
Countryside, I l linois
F i r s t National Bank of L o c k p o r t
Lockport, Illinois
M e r c h a n d i s e National B a n k o f C h i c a g o
Chicago, I l l i n o i s *
FR
N
- 2-25-94
- 3-16-94
Y-2
First Michigan Bank Corporation
Holland, Mi chigan
O l d State Bank C o r p o r a t i o n
Fremont, M ichigan
O l d State Bank of F r e m o n t
Fremont, Michigan*
FR
N
3-7-94
- 2-25-94
Y-2
I d a Grove Bancshares, Inc.
I d a Grove, Iowa
P.S.B. B a n c o r p o r a t i o n
W e s t D e s Moines, Iowa
L i b e r t y B a n k & Trust
Odebolt, Iowa*
FR
N
- 3-15-94
3-3-94
Y-2
LSBeuacorp, Inc.
LaSalle, Illinois
C o m m u n i t y Bank o f Utica
Utica, Illinois*
FR
N
- 3-18-94
- **
Y-l
H a n c o c k Bancorp, Inc.
Plymouth, Illin ois
C o m m u n i t y State Ba n k o f P l y m o u t h
Plymouth, Illinois*
FR
N
- 3-18-94
- **
Federal Reserve Bank of Chicago
Section I I
- A p p l i c a t i o n s S u b j e c t to Both N e w s p a o e i
R e g i s t e r Not i c e
(C o n t i n u e d )
and Federal
Comment Period
Ending Date
Type
Application
Y-l
N o r t h w e s t Indiana Bancorp
Munster, Indiana
P e o p l e s B a n k SB
Munster, Indiana*
FR
N
- 3-18-94
- **
Y-2
M a r s h a l l & I l s l e y Corpor a t i o n
Milwaukee, Wisconsin
Valley Bancorporation
M i l w a u k e e , Wi s c o n s i n
Valley Bank
La Crosse, W i s c o n s i n
Valley Bank
Madison, Wisconsin
V a l l e y B a n k C hippewa
Menomonie, Wisconsin
V a l l e y B a n k E a s t Central
Kewaskum, Wisconsin
Valley B a n k Janesville
J a n e s v i l l e , Wisconsin
Valley B ank Milwaukee
T h i e n s v i l l e , Wi s c o n s i n
V a l l e y Bank, Natio n a l A s s o c i a t i o n
Wate r t o w n , W i s c o n s i n
Valley B ank Northeast
Green B a y Wisconsin
V a l l e y B a n k of Oshkosh
Oshkosh, W i s c o n s i n
V a l l e y B a n k of S h a w a n o
Shawano, W i s c o n s i n
V a l l e y B a n k Southwest
S p r i n g Green, W i s c o n s i n
V a l l e y B a n k Western, F S B
Sparta, W i s c o n s i n
V a l l e y Fi r s t National Bank
Rhinelander, Wisconsin
V a l l e y F i r s t N a t i o n a l B a n k of R i p o n
Ripon, W i s c o n s i n
V a l l e y U n i t e d Bank, SSB
Sheboygan, Wisconsin
Valley Western Bank
Appleton, Wisconsin
P i e r c e C o u n t y B a n k an d Trust C o m p a n y
Ellsworth, Wisconsin*
FR
N
- 1-20-94
- 2-25-94
Federal Reserve Bank of Chicago
S e c t i o n III
- Applications Subject
Notice Only
to F e d e r a l
Register
Comment Period
Ending Date
Type
Application
Y-4
C a p i t o l Bancorp, Ltd.
Lansing, M i c h i g a n
C o n s o l i d a ted Ba n k -S e r v i c e s , Inc.
Holland, M i c h i g a n
FR
- 3-4-94
4 (C) (8)
A m B a n k Company, Inc.
S i o u x Center, Iowa
P e r f o r m real estate a p p r a i s a l
N o r t h w e s t Appraisal S e r v i c e s
S i o u x Center, Iowa
FR
- 3-14-94
FR
-
4 (c) (8)
services
H o o s i e r H i I s Financial C o r p o r a t i o n
Osgood, Indiana
E n g a g e in l e n d i n g a c t i v i t i e s via
l e n d i n g of funds to E S O F
thru
3-8-94
the
Y-4
N o r t h e r n Trust C o r p o r a t i o n
Chicago, I l linois
H a z l e h u r s t & A s s o c i a t e s , Inc.
Atlanta, Georgia
FR
- 2-25-94
Y-4
Cleveland Development Bancorporation
Chicago, Illinois
C D B D e v e l o p m e n t Co.
Chicago, Illinois
FR
- **
Y-4
Cleveland Development Bancorporation
Chicago, Illinois
Cleveland Enterprises Group
Chicago, I l linois
FR
- **
Y-4
Shorebank Bancorporation
Chicago, Illin o i s
C D B D e v e l o p m e n t Co.
Chicago, Illinois
FR
- **
FR
- **
Y-4
'*
Shorebank Bancorporation
Chicago, Illinois
Cleveland Enterprises Group
Chicago, Illinois
> -
F e d e r a l R e s e r v e Bank of C h i c a g o
Section III
- A p p l i c a t i o n s Subject to F e d e r a l R e g i s t e r
N o t i c e Only
(C o n t i n u e d )
Type
Awlication
4 (c) (8)
F i r s t M i d w e s t C o r p o r a t i o n of D e l a w a r e
E l m w o o d Park, I l l i n o i s
M i d w e s t Tr u s t S e r v i c e s , Inc.
E l m w o o d Park, I l l i n o i s
Comment Period
Ending Date
FR
- 3-14-94
Federal Reserve Bank of Chicago
Section I V
- A p p l i c a t i o n s N o t S u b j e c t to Federal R e g i s t e r o r N e w s p a p e r
Notice
Type
Application
RoS
I n d e p e n d e n c e B a n c s h a r e s , Inc.
Independence, Iowa
R e d e e m 13.56 p e r c e n t to 81.91 p e r c e n t
o f common stock
RoS
First State Bancorporation
Independence, Iowa
R e d e e m 13.56 p e r c e n t to 81.91 p e r c e n t
o f common stock
N
FR
■*
**
- Newspaper
- Federal R e g i s t e r
- S u b j e c t to P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t A c t
- N o t a v a i l a b l e 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 30business day period the bank has to make the evaluation public has
lapsed during the week ending February 25, 1994.
If you are
interested in obtaining a copy of the evaluation document, please
contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is
a leader in,ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome 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, includin 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 moderateincome neighborhoods, in a manner consistent with its resources
and capabilities.
BANK NAME /LOCATION
-Farmers State Bank of Waupaca
112 West Fulton Street, Box 289
Waupaca, Wisconsin
54981-0289
(715) 258-1400
EXAMINATION DATE
1/06/94
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING FEBRUARY 25, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
* Section 3(a)(1) application by Community Charter
Corporation, St. Louis, Missouri, to acquire
Missouri State Bank and Trust Company,
St. Louis, Missouri.
End of Comment Period
Newspaper:
3-19-94
* Section 3(a)(1) application by Salem Bancshares, Inc.,
Salem, Missouri, to acquire Bank of Salem, Salem,
Missouri.
Newspaper:
3-24-94
* Section 3(a)(3) application by AMBANC Corp, Vincennes,
Indiana, to acquire Lincolnland Bancshares, Inc.,
Casey, Illinois.
Newspaper:
3-23-94
Change in Control notification involving Community
Bancshares, Inc., Germantown, Tennessee by members
of the Wedell family (previously reported during
week ending 2/11/94).
Federal Register:
3-8-94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
Section 24A application by Effingham State Bank,
Effingham, Illinois, for an investment in bank
premises.
N/A
Section 9 membership application by First Bank of
Arkansas, Wynne, Arkansas.
N/A*
*This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs o f 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 o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
- None -
February 25, 1994
Bank Address
Examination
Date
Examination
Rating
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
Harlon A. Klelstad and Steven D. McLean
To acquire control of 38.0% and 33.7%, respectively
of the voting shares of Sargent Bancshares, Inc.
Forman, ND
2-28-94
(Newspaper)
Frandsen Financial Corporation,
Forest Lake, MN
To acquire, through merger, 100%
of the voting shares of the
Warren Bancshares, Inc.,
Warren, MN*
Not yet available
Tyson Corporation
Minneapolis, MN
To acquire through merger 100% of
the voting shares of the
Roylaton Bancshares, Inc.,
Royalton, MN*
Not yet available
Citizens Bank Group, Inc.,
Minneapolis, MN
To acquire through merger, 100% of
the voting shares of the
Mapleton Bancshares, Inc.,
Mapleton, MN*
3-25-94
(Newspaper)
*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Lake Park Bancshares, Inc.,
Lake Park, MN
To engage de novo in making
and servicing loans.*
Not yet available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Duke Financial Group, Inc.,
St. Paul, MN
To redeem 10.04% of its
voting shares.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
GRA Public Evaluations
week ending February 25, 1994
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and 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
Le Sueur State Bank
229 South Main, Box 106
Le Sueur, MN 56058
(612) 665-6465
November 22, 1993
Satisfactory
Federal Reserve Bank of Kansas City
S E CTION I - APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
First State Bank of Taos, Taos, New
Mexico, for prior approval to merge
with First State Bank of Santa Fe,
Santa Fe, New Mexico, and to
establish a branch in Santa Fe, New
Mexico.
Not Available
Star Valley State Bank, Afton,
Wyoming, for prior approval to
establish a branch facility in
Thayne, Wyoming.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOT H
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Payne County Bank ESOP, Perkins,
Oklahoma, for prior approval to
become a bank holding company through
the acquisition of 50.1 percent of
the voting shares of Payne County
Bancshares, Inc., Perkins, Oklahoma.*
COMMENT PERIOD ENDING DATE
Not Available
S E CTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R NOTICE
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
Fourth Financial Corporation,
Wichita, Kansas, for prior approval
to acquire the McPherson branch of
Pioneer Federal Savings and Loan
Association, Prairie Village, Kansas.
Not Available
First Bank Kansas, Salina, Kansas,
for prior approval to acquire the
McPherson and Junction City branches
of Pioneer Federal Savings and Loan
Association, Prairie Village, Kansas.
Not Available
Community Bank, Prairie Village,
Kansas, for prior approval to acquire
one or more branches of Pioneer
Federal Savings and Loan Association,
Prairie Village, Kansas.
Not Available
Federal Reserve Bank of Kansas City
Sunflower Banks, Inc., Salina,
Kansas, for prior approval to acquire
the McPherson branch of Pioneer
Federal Savings and Loan Association,
Prairie Village, Kansas.
Not Available
Carbon County Holding Company,
Englewood, Colorado, for prior
approval to act as an investment
advisor.
Not Available
SE C T I O N IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EGISTER N O T I C E
OR NEWSPAPER NOTICE
APPLICATION
None.
S E CTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
I d e n t i f i c a t i o n of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
O u t s t a n d i n g record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
S a t i s f a c t o r y record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Needs to improve record of m eeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Substan tial noncompliance in meeting community credit needs
Federal Reserve Bank of Kansas City
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Bank/Location
Exam Date
None.
♦Application is subject to CRA.
CRA Public
Date
CRA
Ratine
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 21, 1994
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
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF FEBRUARY 21. 1994
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
Date of
Examination
Sanger Bank
P. 0. Box 1108
501 N. Stemmons
Sanger, Texas 76266-1108
93/11/15
CRA Rating
Outstanding
FEDERAL RESERVE BANK OF SAN FRANCISCO
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Benjamin Namatinia, Portland, Oregon, to
increse his ownership to 25.3 percent of
Cowlitz Bancorporation, Longview, Washington. *
Newspaper:
Not yet published
Fed. Rea.:
3/15/94
Bancwest Financial Corporation, Walla Walla,
Washington, to become a bank holding company
by acquiring Bank of the West, Walla Walla,
Washington. *
Newspaper:
3/17/94
Fed. Reo.:
3/21/94
Central Bancorporation, Wenatchee, Washington,
to acquire First Washington Bank, Omak,
Washington. *
Newspaper:
3/17/94
Fed. Req.:
3/21/94
Fai H. Chan, White Rock, B.C., Canada, to increase
ownership up to 13.06 percent of American Pacific
Bank, Aumsville, Oregon. *
Newspaper:
Not available
Fed. Req.:
Not available
Section III - Applications Subject to Federal Register Notice Only
BankAmerica Corporation, San Francisco, California,
to engage in executing and clearing, and clearing
without executing, futures on options on certain
non-financial commodities, through BA Futures, Inc.,
Chicago, Illinois.
Fed. Reg.:
Not available
BWC Financial Carp., Walnut Creek, California, to
Fed. Reg.:
engage in mortgage brokerage services through a joint
venture through BWC Mortgage Services, Walnut Creek,
California.
Not available
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CftA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending February 25, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution
Location
Bank of Coronado
1190 Orange Ave.
Coronado, CA 92118
(619) 437-4466
Examination Date
11/15/93
Rating*
Satisfactory
♦Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has
an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs: An institution has
a satisfactory record of ascertaining and meeting the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities.
Substantial noncompliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities.
@FedFRASER