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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, No* 5 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending February 3, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Chemical Banking Corporation, New York, New York -request for reconsideration of the applications to merge with The Chase Manhattan Corporation, and by Chemical Bank to merge with The Chase Manhattan Bank, N.A. Denied, February 2, 1996. Sumitomo Bank, Limited, Osaka, Japan -- to acquire certain assets of Daiwa Bank, Ltd., Osaka, Japan, and Daiwa Bank Trust Company, New York, York, and to establish fourteen representative offices in the United States. Approved, January 29, 1996. DISCOUNT RATES Discount rates -- decrease to 5 percent from 5-1/4 percent by the Federal Reserve Bank of San Francisco. Approved, January 31, 1996. Discount rates -- decrease to 5 percent from 5-1/4 percent by the Federal Reserve Banks of New York, Philadelphia, Cleveland, Atlanta, Minneapolis, and Dallas. Approved, January 31, 1996. Discount rates -- decrease to 5 percent from 5-1/4 percent by the Federal Reserve Banks of Boston, Richmond, Chicago, and Kansas City. Approved, February 1, 1996. Discount rates -- decrease to 5 percent from 5-1/4 percent by the Federal Reserve Bank of St. Louis. Approved, February 2, 1996. ENFORCEMENT Carney Bank, Boynton Beach, Florida -- written agreement dated January 11, 1993, terminated January 26, 1996. Announced, February 2 , 1996. H.2 J A N U A R Y 29, PAGE 2 1996 TO F E B R U A R Y 3, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT CivicBank of Commerce, Oakland, California -- written agreement dated September 16, 1992, terminated December 27, 1995. Announced, February 2, 1996. Guaranty Bancshares Corporation, Shamokin, Pennsylvania -- written agreement dated June 19, 1992, terminated January 18, 1996. Announced, February 2, 1996. Jefferson Bank and Trust, Lakewood, Colorado -- order of prohibition against Steen Ronlov, a former institution-affiliated party. Announced, February 2, 1996. Mercantile Capital Corp., Boston, Massachusetts -written agreement dated January 26, 1996, with the Federal Reserve Bank of Boston. Announced, January 30, 1996. INTERNATIONAL OPERATIONS Chemical International Finance, New York, New York -to make an investment in Banco Espirito Santo e Comercial de Lisboa, S.A., Lisbon, Portugal. Permitted, February 2, 1996. First National Bank of Chicago, Chicago, Illinois -to establish a branch in Beijing, People*s Republic of China. Permitted, February 2, 1996. REGULATIONS AND POLICIES Regulations H, K, and Y -- amendments to regulations on the reporting of known or suspected criminal and suspicious activities by domestic and foreign banking organizations (Docket R-Q885). Approved, January 30, 1996. H .2 J A N U A R Y 29, PAGE 3 1996 TO F E B R U A R Y 3, 1996 A C T I O N S T A K E N BY THE S T A F F AND THE F E D E R A L R E S E R V E B A N K S 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 Richmond Bank of Tidewater, Virginia Beach, Virginia - - t o establish a branch at the Greenbrier Market Center, Greenbrier Parkway, Chesapeake, Virginia. Approved, January 30, 1996. Richmond Crestar Bank, Richmond, Virginia -- to establish a branch at the Statler Square Shopping Center, 850 Statler Boulevard, Staunton, Virginia. Approved, February 2, 1996. Minneapolis First Community Bank, Glasgow, Montana - - t o establish a branch in Culbertson, Montana. Approved, February 1, 1996. Chicago Harris Trust and Savings Bank, Chicago, Illinois -to establish an Automated Teller Machine at St. Elizabeth Hospital, 1431 North Claremont Avenue. Approved, January 30, 1996. Kansas City Pinnacle Bank, Papill ion, Nebreaska - - t o establish branches at 2708/2710 South 114th Street, Omaha, Nebraska, and 8401 West Dodge Road. Approved, January 29, 1996. Kansas City Vectra Bank, Denver, Colorado -- to establish additional branches in Boulder, Colorado. Approved, February 1, 1996. BANK HOLDING COMPANIES San Francisco CVB Financial Corp., Ontario, California -- request for waiver of application to acquire Citizens Commercial Trust 7 Savings Bank of Pasadena, Pasadena, California. Granted, January 29, 1996. Kansas City Downs Bancshares, Inc., Downs, Kansas -- to retain shares of Cushing Insurance, Inc. Approved, January 30, 1996. H.2 J A N U A R Y 29, PAGE 9 1996 TO F E B R U A R Y 3, 1996 A C T I O N S T A K E N BY THE STAFF AND THE FE D E R A L R E S E R V E B ANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First Decatur Bancshares, Inc., Decatur, Illinois -to acquire First Shelby Financial Group, Inc., Shelbyville, Illinois, and First Trust Bank of Shelbyville. Approved, January 30, 1996. Dallas First Lakewood, Inc., Dover, Delaware -- to engage de novo in investment or financial advisory services through Texas Community Financial Services, Inc., Dallas, Texas. Permitted, January 31, 1996. Kansas City FirstBank Holding Company of Colorado, Lakewood, Colorado, and FirstBank Holding Company of Colorado ESOP - - t o acquire The Bank of Douglas County, Castle Rock, Colorado. Approved, February 2, 1996. Chicago Firstbank of Illinois Co., Springfield, Illinois -to engage in consumer finance business through Midcountry Financial, Inc., Highland, Illinois. Permitted, January 30, 1996. Richmond James River Bankshares, Inc., Suffolk, Virginia -- to acquire First Colonial Bank, F.S.B., Hopewell, Virginia. Approved, February 1, 1996. Philadelphia Keystone Financial, Inc., Harrisburg, Pennsylvania -waiver of a commitment.in connection with acquisition of Elmwood Federal Savings Bank. Granted, February 1, 1996. St. Louis Marine Bancorp, Inc., Springfield, Illinois -- to acquire Marine Bank. Approved, February 1, 1996. Cleveland Mellon Bank Corporation Pittsburgh, Pennsylvania -to acquire the trust business of KeyCorp, Cleveland, Ohio, and engage in trust company activities. Approved, February 1, 1996. H.2 J A N U A R Y 29, PAGE 5 1996 TO F E B R U A R Y 3, 1996 A C T I O N S TA K E N BY THE STAFF AND THE F E D E R A L R E S E R V E BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta NGLI, Inc., Miami, Florida -- request for waiver of a commitment. Granted, February 1, 1996. Dallas Sabine Bancshares, Inc., Many, Louisiana -- to merge with First Community Bancshares, Inc., Winnfield, Louisiana, and Winn Bancshares, Inc., and acquire First Community Bank. Approved, February 1, 1996. Chicago Storm Lake Security Bancorporation, Storm Lake, Iowa -- to acquire Security Trust & Savings Bank. Approved, January 31, 1996. Dallas Texas Community Bancshares, inc., Dallas, Texas -- to engage de novo in investment or financial advisory services through Texas Financial Services, Inc. Permitted, January 31, 1996. Minneapolis Traxshares, Inc., Le Center, Minnesota -- to engage de novo in lending activities. Permitted, February 1, 1996. Chicago Wells River Bancorp, Inc., Wellsville, Ohio -- to acquire Perpetual Savings Bank. Approved, February 2, 1996. Cleveland Whitaker Bank Corporation of Kentucky, Lexington, Kentucky -- to acquire Mount Sterling National Holding Corporation, Mount Sterling, Kentucky, and its bank and nonbank subsidiaries. Approved, February 1, 1996. BANK MERGERS Boston Chittenden Acquisition Bank, Worcester, Massachusetts -- to merge with Flagship Bank and Trust Company. Approved, February 2, 1996. Minneapolis First Community Bank, Glasgow, Montana -- to merge with Culbertson State Bank, Culbertson, Montana, and to establish a branch. Approved, February 1, 1996. H.2 J A N U A R Y 29, PAG E 6 1996 TO F E B R U A R Y 3, 1996 A C T I O N S TAK E N BY THE STAFF AND THE F E D E R A L R E S E R V E B ANKS UNDER DELEGATED AUTHORITY BANK MERGERS Kansas City Vectra Bank, Denver, Colorado -- to merge with Vectra Bank of Boulder, Boulder, Colorado. Approved, February 1, 1996. BANK PREMISES Chicago Bank One Springfield, Springfield, Illinois -investment in bank premises. Returned, January 29, 1996. Kansas City Rocky Mountain State Bank, Rangely, Colorado -investment in bank premises. Approved, January 30, 1996. BANKS. STATE MEMBER Minneapolis Farmers and Merchants Bank, Huron, South Dakota -payment of a dividend. Approved, January 30, 1996. CAPITAL STOCK Minneapolis Kerkhoven Bancshares, Inc., Kerkhoven, Minnesota -redemption of shares. Approved, February 2, 1996. CHANGE IN BANK CONTROL Dallas Dawson Bancshares, Inc., Dawson, Texas -- change in bank control. Permitted, January 30, 1996. Dallas Las Cruces B.R.G., Inc., Las Cruces, New Mexico -change in bank control. Permitted, February 1, 1996. Chicago Spencer Bancorporation, Inc. Employee Stock Ownership Plan and Trust, Spencer, Wisconsin -- change in bank control. Permitted, January 31, 1996. Dallas Zapata Bancshares, Inc., Mercedes, Texas -- change in bank control. Permitted, February 1, 1996. H.2 J A N U A R Y 29, PAGE 7 1996 TO F E B R U A R Y 3, 1996 A C T I O N S TAKEN BY THE S T A F F AND THE F E D E R A L R E S E R V E BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland American Fidelity Bank, FSB, Harlan, Kentucky, proposed merger with National City Bank, Kentucky, Louisville, Kentucky -- report on competitive factors. Submitted, January 29, 1996. St. Louis Bank of Kirksville, Kirksville, Missouri, proposed merger with Bank of Downing, Downing, Missouri-report on competitive factors. Submitted, January 30, 1996. Cleveland Bank of Leipsic Company, Leipsic, Ohio, proposed purchase of the assets and assumption of the liabilities of the Leipsic, Ohio, branch of The Ohio Bank, Findlay, Ohio -- report on competitive factors. Submitted, January 29, 1996. Boston Bank of Newport, Newport, Rhode Island, proposed purchase of certain assets and assumption of certain liabilities of the Barrington, Rhode Island, branch of Shawmut Bank Connecticut, N.A., Hartford, Connecticut -- report on competitive factors. Submitted, January 31, 1996. Boston Bethel Savings Bank, F.S.B., Bethel, Maine, proposed acquisition of the assets and assumption of the liabilities of Brunswick Federal Savings, F.A., Brunswick, Maine -- report on competitive factors. Submitted, January 31, 1996. Dallas Citizens State Bank, Royse City, Texas, proposed merger with Benchmark Bank, Quinlan, Texas -report on competitive factors. Submitted, January 30, 1996. Atlanta First Mercantile National Bank, Longwood, Florida, proposed merger with First Mercantile Successor Bank, Winter Haven, Florida -- report on competitive factors. Submitted, January 30, 1996. H.2 J A N U A R Y 29, PAGE 8 1996 TO F E B R U A R Y 3, 1996 A C T I O N S T AKEN BY THE STAFF AND THE F E D E R A L R E S E R V E BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco First Nationwide Bank, A Federal Savings Bank, San Francisco, California, proposed merger with Home Federal Savings and Loan Association of San Francisco -- report on competitive factors. Submitted, January 31, 1996. Cleveland Fort Jennings State Bank, Fort Jennings, Ohio, proposed purchase of the assets and assumption of the liabilities of the Columbus Grove, Ohio, branch of The Ohio Bank, Findlay, Ohio -- report on competitive factors. Submitted, January 29, 1996. Cleveland K e n t u c k y E n t e r p r i s e S a v i n g s Bank/ Newport, K e n t u c k y , p r o p o s e d t r a n s f e r of a s s e t s to F i f t h T h i r d B a n c o r p a n d i t s s u b s i d i a r y -- r e p o r t on c o m p e t i t i v e factors. Submitted, February 3, 1996. Cleveland Key Trust Company of Florida, National Association, Naples, Florida, proposed purchase of certain assets and assumption of certain liabilities of Society First Federal Savings Bank, Fort Myers, Florida -- report on competitive factors. Submitted, January 29, 1996. Boston Mascoma Savings Bank, Lebanon, New Hampshire, proposed acquisition of the assets and assumption of the liabilities of Mascoma Mutual Holding Corporation -- report on competitive factors. Submitted, February 2, 1996. St. Louis Mercantile Bank of Illinois, Alton, Illinois, proposed purchase of assets and assumption of liabilities of Metro Savings Bank, F.S.B., Wood River, Illinois -- report on competitive factors. Submitted, January 30, 1996. Chicago Merchants National Bank of Terre Haute, Terre Haute, Indiana, proposed merger with Indiana State Bank of Terre Haute -- report on competitive factors. Submitted, January 30, 1996. H.2 JANUARY 29, PAGE 9 1996 TO FEBRUARY 3, 1996 A C T I O N S TAKEN BY THE STAFF A N D THE F E D E R A L RE S E R V E BANKS UN D E R D E L E G A T E D A U T H O R I T Y COMPETITIVE FACTORS REPORTS Dallas New Quinlan Corporation, Quinlan, Texas, proposed merger with Citizens State Bank, Royse City, Texas -- report on competitive factors. Submitted, January 30, 1996. Chicago Parkway Bank and Trust Company, Harwood Heights, Illinois, proposed merger with First State Bank of Chicago, Chicago, Illinois -- report on competitiv factors. Submitted, January 30, 1996. Secretary Pioneer Federal Savings Bank, Honolulu, Hawaii, proposed acquisition of certain assets and assumption of certain liabilities of five branches of U.S. Bank of Washington, N.A., Seattle, Washington -- report on competitive factors. Submitted, February 1, 1996. Atlanta Prime Bank of Central Florida, Titusville, Florida, proposed merger with Prime Successor Bank, Winter Haven, Florida -- report on competitive factors. Submitted, January 30, 1996. New York Provident Savings Bank, F.A., Montebello, New York, proposed purchase of the assets and assumption of the liabilities of the Spring Valley, New York, branch of MSB Bank, Middletown, New York -- report on competitive factors. Submitted, February 2, 1996. Atlanta Regions Financial Corporation, Birmingham, Alabama proposed acquisition of the assets and assumption of the liabilities of First Federal Bank of Northwest Georgia, Cedartown, Georgia -- report on competitive factors. Submitted, January 29, 1996. H.2 J A N U A R Y 29, PAGE 10 1996 TO F E B R U A R Y 3, 1996 A C T I O N S T AKEN BY THE STAFF A ND THE FEDERAL RE S E R V E BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Union Planters Bank of East Arkansas, Earle, Arkansas, proposed merger with First Bancshares of Northeast Arkansas, Inc., Osceola, Arkansas report on competitive factors. Submitted, February 1, 1996. Cleveland United Bank, National Association, Bucyrus, Ohio, proposed purchase of certain assets and assumption of the liabilities of the Prospect and Waldo, Ohio branches of National City Bank, Columbus, Columbus Ohio -- report on competitive factors. Submitted, January 29, 1996. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, January 30, 1996. San Francisco BankAmerica Corporation, San Francisco, California extensions to divest certain properties. Granted, January 31, 1996. St. Louis Citizens Bank, Hartford, Kentucky -- extension to August 31, 1996, to open a branch at 1051 North Main Street, Beaver Dam, Kentucky. Granted, February 1, 1996. San Francisco Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -extension to divest certain property. Granted, January 30, 1996. St. Louis Southern Commercial Bank, St. Louis, Missouri -extension to August 8, 1996, to establish a branch at 4433-4939 Meremac Bottom Road. Granted, February 2, 1996. H.2 J A N U A R Y 29, PAGE 11 1996 TO. F E B R U A R Y 3, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS Secretary U.S. National Bank of Oregon, Portland, Oregon - - to establish a branch in Grand Cayman, British West Indies. Approved, January 31, 1996. REGULATIONS AND POLICIES Secretary Federal Open Market Committee -- minutes of the meeting on December 19, 1995. Published, February 2, 1996. FOMC Short term interest rates -- decrease in federal funds rate. Approved, January 31, 1996. H .2 J A N U A R Y 29, PAGE 12 ADDITIONS AND CORRECTIONS 1996 TO F E B R U A R Y 3, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Turnberry Financial Services, Inc., North Miami Beach, Florida, proposed acquisition of the assets and assumption of the liabilities of Turnberry Savings and Loan Association -- report on competitive factors. Submitted, January 24, 1996. Kansas City Valley Bank and Trust Co., Scottsbluff, Nebraska, proposed merger with Gering State Bank and Trust Company, Gering, Nebraska -- report on competitive factors. Submitted, January 25, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (subject to Federal Register Notice Only) Dresdner Bank, Frankfurt, Germany, to acquire RCM Capital Management, California Limited Partnership, and RCM Capital Trust Company, both of San Francisco, California, and thereby to engage in investment advisory and trust activities, and provision of administrative services to certain mutual funds. 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a record of ascertaining and helping of its entire delineated community, moderate- income neighborhoods, in its resources and capabilities. substantially deficient to meet the credit needs including low- and a manner consistent with Week Ending February 3. 1996 NAME OF BANK Salamanca Trust Company 107 Main Street Salamanca, New York 14779 h |(N|m| / / / 4/ RATING Outstanding EXAMINATION DATE Sept. 11, 1995 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 E D E R A L R E S E R V E B A N K O F P H IL A D E L P H IA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEW SPAPER NOTICE ONLY Johnstow n B ank and T ru st Company. Johnstown, PA to acquire The A rm strong County T ru st Company, K ittanning, PA, pursu an t to Section 18(c) of the Federal D eposit Insurance Act. N ew spaper com m ent period expires: N/Avail Founders Bank. Bryn Mawr, PA to establish a branch office a t 15 E. Gay Street, West Chester, PA, p u rsu a n t to Section 9 o f the FR Act. (Expedited procedures). Newspaper com m ent period expires: 02/18/96 A m bassador B ank of the Commonwealth. Allentown, PA to establish a branch office a t 1323 G rape Street, W hitehall, PA, pursuan t to Section 9 of the FR Act. (Expedited procedures). Newspaper com m ent period expires: 02/29/96 SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEW SPAPER FEDERAL REGISTER NOTICE NONE SECTION II I - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY United Valiev B ancorp. Philadelphia, PA requests p rio r approval to acquire a t least 50 percent of Eagle Valley Financial Services, Inc., Philadelphia, PA, and thereby engage in m ortgage banking p u rsu an t to section 4(c)(8) of the BHC Act and section 225.25(b)(1) of Regulation Y. Federal Register com m ent period expires: N/Avail CoreStates Financial Corp. Philadelphia, Pennsylvania to engage in full-service brokerage activities through its wholly owned subsidiary, CoreStates Securities Corp, p u rsu an t to Section 4(c)(8) of the Bank Holding Company Act of 1956, as am ended and Section 225.25(b) (15) (ii) of Regulation Y. Federal Register com m ent period expires: 02/21/96 SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REG ISTER NOTICE OR NEWSPAPER NONE F E D E R A L R E S E R V E B A N K O F P H IL A D E L P H IA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS T he following institutions were examined for CRA. The 30-business day period the bank has to m ake the evaluation public has lapsed during the week ending February 2, 1996. Identification o f Ratings In connection with the assessm ent of each insured depository institution’s C R A perform ance, 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 m eet the credit needs of its entire delineated community, including low- and m oderate-incom e neighborhoods, in a m anner 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 m eet the credit needs of its entire delineated community, including low- and m oderate-incom e neighborhoods, in a m anner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. A n institution in this group needs to improve its overall record of ascertaining and helping to m eet the credit needs of its entire delineated community, including low- and m oderateincome neighborhoods, in a m anner 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 m eet the credit needs of its entire delineated community, including low- and m oderateincome neighborhoods, in a m anner consistent with its resources and capabilities. Bank/Location Examination D ate C RA Rating NONE NONE NONE F ed er a l R eserv e B ank of C leveland P. O. BOX 6387 CLEVELAND, OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending February 3, 1996) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received application from The Ohio Bank, Findlay, Ohio, on December 18, 1995, of its intent to acquire 5 select offices of Society National Bank, Cleveland, Ohio, and incident thereto establish branch facilities. SECTION * Not Yet Known # n - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received notice from PNC Bank Corp., Pittsburgh, Pennsylvania, on February 1, 1996, of its intent to engage in merchant transaction card processing through a wholly-owned subsidiary, PNC Merchant Partner, Inc. Received notice from First Commonwealth Financial Corporation, Indiana, Pennsylvania, on January 29, 1996, of its intent to acquire BSI Financial Services, In c., Titusville, Pennsylvania. Not Yet Known# February 20, 1996 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received notice from Fifth Third Bank, Cincinnati, Ohio, of its intent to redeem up to $135,000,000 subordinated promissory notes. * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date of Receipt A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S (February 2, 1996) 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 2, 1996. 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 PRO V E: 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 COM PLIANCE: 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. The Commercial & Savings Bank Co 701 South Market Street Danville, Ohio 43014 Rating: Outstanding Exam Date: 11-06-95 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 Community Bankshaes, Inc., Orangeburg, South Carolina, to acquire 100% of the voting shares of Sumter National Bank, Sumter, South Carolina (an organizing bank).* 2-27-96 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. ♦Application is subject to CRA requirements. Federal Reserve Bank of Richmond Section V - Availability of CAR Public Evaluations Week ending February 2, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date None. Rating Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending February 2, 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Compass Bank 02-10-96* Birmingham, Alabama To establish a branch located at 1003 Highway 72 East, Athens, Alabama, known as the Athens East Branch. to be Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Westside Financial Corporation Not yet available* Kennesaw, Georgia To merge with Eastside Holding Corporation, Snellville, Georgia, and thereby directly acquire The Eastside Bank & Trust Company, Snellville, Georgia, pursuant to Section 3(a) (5) of the Bank Holding Company Act. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date The Tampa Banking Company 02-20-96 Tampa, Florida To engage de novo, through its new subsidiary, Florida Investment Advisers, Inc., Tampa, Florida, in investment advisory services, pursuant to Section 225.25 (b) (4) of Regulation Y. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application 1st United Bancorp Boca Raton, Florida Commitment waiver request. Volunteer State Bancshares, Inc. Portland, Tennessee Commitment waiver request. ♦Subject to the provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending February 2. 1996 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 low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- 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. Bank Barnett Bank of the Keys Post Office Box 1299 Key West, Florida 33040 (305)292-3810 Rating Outstanding Examination Date 05-08-95 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending February Recently Approved Applications NGLC, Inc. Miami, Florida Commitment waiver request. 2 . 1996 Approval Date 02-01-96 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch Comerica Bank Detroit, Michigan 15455 Haggerty Road Plymouth, Michigan NP - ** Branch Midwest Guaranty Bank Troy, Michigan 37601 Five Mile Road Livonia, Michigan NP - 2-16-96 EFT Comerica Bank Detroit, Michigan 691 West Michigan Saline, Michigan NP - 1-27-96 Branch Fifth Third Bank of Central Indiana Indianapolis, Indiana State Road 135 and Fry Road Greenwood, Indiana NP - 3-6-96 Branch Fifth Third Bank of Central Indiana Indianapolis, Indiana 1036 East 62nd Avenue Indianapolis, Indiana 3100 Meridian Parke Drive Greenwood, Indiana NP - 2-27-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-l First Capital Bankshares, Inc. Peoria, Illinois First Capital Bank Peoria, Illinois* (in organization) Y-2 Evans Bancshares, Inc. Evansdale, Iowa Olmsted National Bank Rochester, Minnesota* (in organization) FR - 1-30-96 NP - 1-26-96 Y-l Holcomb Bancorp,Inc. Employee Stock Ownership Plan Holcomb, Illinois Holcomb Bancorp, Inc. Holcomb, Illinois Holcomb State Bank Holcomb, Illinois* FR - 2-16-96 NP - ** Y-2 NBE Bancshares, Inc. Earlville, Illinois Pinnacle Bancshares, Inc Paw Paw, Illinois State Bank of Paw Paw Paw Paw, Illinois* Y-2 Y-2 Bank of Waunakee Stock Ownership Plan Waunakee, Wisconsin Waunakee Bank Shares, Inc. Waunakee, Wisconsin Bank of Waunakee Waunakee, Wisconsin* First Michigan Bank Corporation Holland, Michigan Arcadia Financial Corporation Portage, Michigan Arcadia Bank & Trust Company Kalamazoo, Michigan* FR - 2-2-96 NP - 1-22-96 FR - 2-20-96 NP - ** FR - 2-22-96 NP - ** FR - 2-26-96 NP - 2-22-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper Reeister Notice Continued Federal Comment Period Ending Date Type. Application Y-2 Associated Banc-Corp Green Bay, Wisconsin Greater Columbia Bancshares, Inc. Portage, Wisconsin First National Bank of Portage Portage, Wisconsin*’ FR - 2-2-96 NP - 2-3-96 Y-2 Associated Banc-Shares, Inc. Madison, Wisconsin Greater Columbia Bancshares, Inc. Portage, Wisconsin First National Bank of Portage Portage, Wisconsin* FR - 2-2-96 NP - 2-3-96 Y -l Valley Comunity Bancorp, Inc. St. Charles, Illinois Valley Community Bank St. Charles, Illinois* (in organization) P R . ** COC Lanark Bancshares, Inc. Lanark, Illinois Donald W. Gillfillan and John H. Nelson PR . ** jsjp . ** Y -l Prairieland Employees Stock Ownership Plan Bushnell, Illinois Prairieland Bancorp, Inc., Bushnell, Illinois Farmers & Merchants State Bank Bushnell, Illinois FR - 2-26-96 NP - 1-18-96 Y-2 Fidelity Company Dyersville, Iowa Valley State Bank Guttenberg, Iowa* (in organization) FR - 1-29-96 NP - 1-22-96 Y-2 Hamburg Financial, Inc. Hamburg, Iowa Thurman State Corporation Lincoln, Nebraska United National Bank of Iowa Sidney, Iowa* FR - 1-29-96 NP - 1-22-96 NP - 3-1-96 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Onlv Comment Period Ending Date Type Application 4(c)(8) Prairieland Employees Stock Ownership Plan Bushnell, Illinois to engage in making and servicing loans FR - 2-26-96 4(c)(8) Prairieland Employee Stock Ownership Plan Bushnell, Illinois to engage in providing tax services FR - 2-26-96 4(c)(8) Prairieland Bancorp, Inc. Bushnell, Illinois To engage in making and servicing loans FR - 2-26-96 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application None N - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section V - 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 2, 1996. If you are interested in obtaining a copy o f the evaluation document, please contact the bank(s) directly. Identification of Ratines 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 substantial noncompliance 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 LaSalle State Bank 654 1st Street LaSalle, Illinois 61301-2438 (815) 223-8000 10/16/95 S Pullman Bank of Commerce & Industry 6100 North Northwest Highway Chicago, Illinois 60631-2191 (312) 775-8000 10/10/95 S The Home Trust & Savings Bank 628 Main Street Osage, Iowa 50461-1308 (515) 732-3763 10/23/95 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING FEBRUARY 2, 1996 A d d !ication 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 Heritage Financial Corporation, Lawrenceville, Illinois, to acquire Heritage National Bank, Lawrenceville, Illinois (a converted thrift). Newspaper: 3-2-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None.* *This application is subject to CRA. FEDERAL RESERVE BANK O F 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 o f ascertaining and helping to m eet 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 o f ascertaining and helping to m eet 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 2, 1996 Bank Address Examination Date Examination Rating F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Rocky Mountain Bank, Billings, Montana, to establish a branch in Stevensville, Montana. February 20, 1996 Ravalli County Bank, Hamilton, Montana, to establish a branch in Hamilton, Montana. February 19, 1996 F&M Bank-Lakeland, Woodruff, Wisconsin, for prior approval to merge with Bradley Bank, Tomahawk, Wisconsin, and incident thereto, establish two branches in Tomahawk, Wisconsin. Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Taylor Bancshares, Inc., North Mankato, Minnesota, for prior approval to acquire 7.0% of the voting shares of the First National Bank of Fairfax, Fairfax, Minnesota.* Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Beulah Bancorporation, Inc., Sioux Falls, South Dakota, to engage de novo in making and servicing loans. Comment Period Ending Date February 20, 1996 Lake Benton Bancorporation, Inc., Sioux Falls, South Dakota, to engage de novo in making and servicing loans. February 20, 1996 Pembina County Bankshares, Ltd., Cavalier, North Dakota, to engage de novo in making and servicing loans. February 20, 1996 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application St. Peter Agency, Inc., St. Peter, Minnesota, to redeem 50% of its voting shares. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending February 2,1996 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. BANKfS'l EXAMINED DATE OF EXAMINATION CRA RATING First State Bank of Emmons P.O. Box 28 Emmons, Minnesota 56029-0028 (507)297-5461 October 30, 1995 Satisfactory Rocky Mountain Bank P.O. Box 80450 Billings, Montana 59108-0450 (406)652-8877 October 23, 1995 Staisfactory Federal Reserve Bank of Kansas City SECTIO N T - 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 1st Choice Financial Corporation, Greeley, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of 1st Choice Bank, Greeley, Colorado.* Not Available ComBankshares, Inc., Prairie Village, Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Community Bank, Chapman, Kansas.* Not Available Arthur W. Cousatte, Miami, Oklahoma, for prior approval to acquire an additional 11 percent, for a total of 30.49 percent, of the voting shares of Welch Bancshares, Inc. .Welch, Oklahoma. February 16, 1996 Helen W. Standridge Revocable Trust, Jerry G. and Helen W. Standridge, Trustees, Chickasha, Oklahoma, to retain a total of 0.02 percent, and Jerry G. Standridge Revocable Trust, Jerry G. and Helen W. Standridge, Trustees, to acquire an additional 0.26 percent, for a total of 10.22 percent, of the voting shares of Chickasha Bancshares, Inc., Chickasha, Oklahoma. February 20, 1996 SECTIO N III - APPLICATIONS SUBJECT TO FEDERAL REGISTER N O TIC E ONLY APPLICATION None. COMMENT PERIOD ENDING DATE Federal Reserve Bank of Kansas City ■SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification o f 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. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City CRA Ratine Bank/Location Exam Date CRA Public Date Heritage Bank of St. Joseph P.O. Box 7315 St. Joseph, Missouri 64507-7315 10/23/95 01/30/96 Satisfactory Sac River Valley Bank P.O. Box B Stockton, Missouri 65785-0625 10/30/95 01/31/96 Satisfactory Bank of Colorado-Front Range P.O. Box 939 Windsor, Colorado 80550-0939 11/06/95 02/01/96 Outstanding Platte Valley State Bank P.O. Box 430 Kearney, Nebraska 68848-0430 10/23/95 02/01/96 Outstanding *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 29, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION N O T I C E EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Conrad Milton Newton, III, Dawson, TX, to acquire an interest in Dawson Bancshares, Inc., Dawson, TX (Resubmission) (Previously reported during the week of 11-27-95) Change in Control Notice by Joe E. Sharp, Dallas, TX, to acquire an interest in First Baird Bancshares, Inc., Baird, TX (Resubmission) (Previously reported during the week of 12-11-95) Change in Control Notice by Cruz Garza, George West, TX, to acquire an interest in Charlotte Bancshares, Inc., Charlotte, TX (Previously reported during the week of 1-8-96) ♦♦NOTICE EXP 96/01/25 96/02/07 96/02/13 Change in Control Notice by William David Lacey, Waco, TX, to acquire an interest in The Community Company, Waco, TX N/A ♦Section 3(a)(3) application by National Bancshares Corporation of Texas, Laredo, TX, to acquire Corpus Christi Bancshares, Inc., Corpus Christi, TX, and Citizens State Bank, Corpus Christi, TX N/A ♦Section 3(a)(1) application by City State Bancshares, Inc., Palacios, TX, to acquire The City Bank of Palacios, Palacios, TX N/A ♦Section 3(a)(1) application by City State Bancshares, Inc. - Delaware, Dover, DE, to acquire The City Bank of Palacios, Palacios, TX N/A ♦Section 3(a)(3) application by Caldwell Holding Company, Columbia, LA, to acquire Citizens Progressive Bank, Columbia, LA N/A Change in Control Notice by B. Joe Aday, Las Cruces, NM, to acquire an interest in First Sierra Bancshares, Inc., Truth or Consequences, NM N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE 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 JANUARY 29. 1996 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 Texas Bank 102 N. Main St. P.0. Box 760 Weatherford, TX 76086 95/10/02 Outstanding FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 2/02/96 Section I - Applications Subject to Newspaper Notice Only A p p Iication Comment Period Ending Date Liberty Bank, South San Francisco, California, to establish a branch office in the vicinity of Highway 9 and Mill Street, Ben Lomond, California. * Newspaper: 2/24/96 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice First Hawaiian, Inc., Honolulu, Hawaii, to acquire Pacific One Bank, Portland, Oregon. * M. Jeffrey, Bruce H., Paige P., and Kathryn E. Qvale, San Francisco, California, to acquire an additional 21.37 percent of Marin National Bancorp, San Rafael, California. * Newspaper: 1/30/96 Fed. Reg.: 2/02/96 Newspaper: Not available Fed, Reg.: 2/15/96 Section III -Applications Sub.iect to Federal Register Only Capital Corp of the West, Merced, California, to engage de novo, directly, in providing general economic information and advice, general economic statistical forecasting services and industry studies and conducting financial feasibility studies. Fed. Reg.: Not available Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice (Cont’d.l None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 2/02/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending February 2, 1996. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Western Security Bank 7401 E. Camelback Rd. Scottsdale, AZ 85251-3508 (602) 947-9888 10/16/95 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 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- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER