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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1995, No. 5
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending February 4, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Mexican economic and financial situation -- statement
by Chairman Greenspan before the Senate Committee
on Banking, Housing, and Urban Affairs, January 31,
1995.
Published, January 31, 1995.
BANK HOLDING COMPANIES
Bank of Tokyo, Ltd., Tokyo, Japan -- to acquire The
Chicago-Tokyo Bank, Chicago, Illinois.
Approved, January 30, 1995.
Battle Creek State Company, Battle Creek, Nebraska
to acquire Battle Creek State Bank.
Approved, January 30, 1995.
Peak Banks of Colorado, Inc., Nederland, Colorado -to acquire Peak National Bank.
Approved, January 30, 1995.
State Street Boston Corporation, Boston,
Massachusetts -- to acquire IFTC Holdings, Inc.,
Kansas City, Missouri, and Investors Fiduciary
Trust Company, and engage in trust and trustrelated activities.
Approved, January 30, 1995.
DISCOUNT RATES
Discount rate -- increase to 5-1/4 percent from 4-3/4
percent by the Federal Reserve Banks of Boston, New
York, Richmond, Chicago, St. Louis, Kansas City,
and San Francisco
Approved, February 1, 1995.
Discount rates — increase by the Federal Reserve
Banks of Philadelphia, Atlanta, Minneapolis, and
Dallas to 5-1/4 percent from 4 3/4 percent.
Approved, February 2, 1995.
H .2
JANUARY 30, 1995
FA^E
TO
FEBRUARY 9, 1995
2
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Regulations H and Y -- final rule to amend risk-based
capital guidelines for state member banks and bank
holding companies to implement section 350 of the
Riegle Community Development and Regulatory
Improvement Act regarding low-level recourse
transactions (Docket R-0835).
Approved, February 2, 1995.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
San Francisco
Bank of America, Nevada, Las Vegas, Nevada -- to
establish branches at Cheyenne and Jones, and 1061
West Owens Avenue.
Returned, February 1, 1995.
San Francisco
Bank of America Nevada, Las Vegas, Nevada -- to
establish branches at 4047 South Virginia Street,
Reno; 1075 North Hills Boulevard; Mount Rose
Highway; and 3701 South Carson Street, Carson City,
Nevada.
Returned, February 1, 1995.
San Francisco
Bank of Ephraim, Ephraim, Utah -- to establish a
branch at 1155 West Utah Avenue, Hildale, Utah.
Approved, February 3, 1995.
Chicago
Lake Forest Bank & Trust Company, Lake Forest,
Illinois -- to establish a branch at 810 A South
Waukegan Road.
Approved, January 30, 1995.
H.2
JANUARY 30, 1995
PAGE 3
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas
Abrams Centre Bancshares, Inc., Dallas, Texas,-- to
acquire Abrams Centre National Bank.
Approved, February 3, 1995.
Dallas
ANB Corporation, Terrell, Texas --to acquire ANB
Delaware Corporation, and American National Bank of
Terrell.
Approved, February 3, 1995.
Dallas
ANB Delaware Corporation, Terrell, Texas --to
acquire American National Bank of Terrell, Terrell,
Texas.
Approved, February 3, 1995.
Dallas
A.N.B. Holding Company, Ltd., Terrell, Texas -- to
acquire ANB Corporation, ANB Delaware Corporation,
and American National Bank of Terrell.
Approved, February 3, 1995.
St. Louis
BancorpSouth, Inc., Tupelo, Mississippi -- to operate
a savings and loan association through acquisition
of LF Bancorp, Inc., Laurel, Mississippi, thereby
acquiring Laurel Federal Savings and Loan
Association,
Approved, January 30, 1995.
Secretary
Bank of Boston Corporation, Boston, Massachusetts,
and BancBoston Holdings, Inc. -- to acquire Bank of
Boston (Maine), National Association, South
Portland, Maine.
Approved, January 30, 1995.
Richmond
Bank of South Carolina Corporation, Charleston, South
Carolina -- to acquire The Bank of South Carolina.
Approved,:February 2, 1995.
St. Louis
Barretville Corporation, Millington, Tennessee -- to
acquire Somerville Bank and Trust Company,
Somerville, Tennessee.
Withdrawn, February 1, 1995.
Minneapolis
Bridger Company, Bridger, Montana -- to acquire
Norwest Bank Wyoming, Lovell, N.A., Lovell,
Wyoming.
Approved, January 31, 1995.
H .2
JANUARY 30, 1995
PAGE 4
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
Byron State, Inc., Byron, Nebraska -- to acquire
Bryon State Bank.
Approved, January 31, 1995.
Philadelphia
Dauphin Deposit Corporation, Harrisburg, Pennsylvania
-- to engage in certain nonbanking activities
through Loans USA. Incorporated, Pasadena,
Maryland.
Approved, February 3, 1995.
St. Louis
Diamond Bancorp, Inc.> Washington, Missouri -- to
acquire Bank of Washington.
Approved, February 1, 1995.
Kansas City
Estes Park Bank Restated Employee Stock Ownership &
Retirement Trust, Estes Park, Colorado -- to
acquire Estes Bank Corporation.
Approved, February 3, 1995.
Minneapolis
First Bank System, Inc., Minneapolis, Minnesota -- to
merge with First Western Corporation, Sioux Falls,
South Dakota.
Approved, January 30, 1995.
Dallas
First Canadian Delaware Financial Corporation, Dover,
Delaware -- to acquire First National Bank of
Canadian, Canadian, Texas.
Approved, February 1, 1995.
Secretary
First National of Nebraska, Inc., Omaha, Nebraska
to engage in consumer finance lending and the sale
of credit insurance through Platte Valley Finance
Company, North Platte, Nebraska.
Approved, February 3, 1995.
Kansas City
FirstBank Holding Company of Colorado ESOP, Lakewood,
Colorado -- extension to April 30, 1995, to acquire
Grants State Bank, Grants, New Mexico.
Approved, February 1, 1995.
Chicago
GreatBanc, Inc., Aurora, Illinois -- to acquire
GreatBank, Algonquin, Illinois.
Returned, January 31, 1995.
H .2
JANUARY 30, 1995
PAGE 5
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Investors Bank Corp., Wayzata, Minnesota -- request
for waiver of filing 3(a)(1) and 3(a)(3)
application forms.
Approved, January 31, 1995.
Cleveland
KeyCorp, Cleveland, Ohio -- to engage de novo in
lending activities through KeyCorp Finance, Inc.
Permitted, February A, 1995.
Dallas
Mesquite Financial Services, Inc., Alice, Texas -- to
acquire Mesquite Financial Services Delaware,
Wilmington, Delaware, and Bank of Alice, Alice,
Texas.
Approved, February 2, 1995.
Dallas
Mesquite Financial Services Delaware, Inc.,
Wilmington, Delaware --to acquire Bank of Alice,
Alice, Texas.
Approved, February 2, 1995.
New York
National Westminster Bank PLC, London, England, and
Natwest Holdings Inc., New York, New York -- to
acquire certain assets of BRS Capital Management,
Inc., Boston, Massachusetts, and engage in
investment advisory activities.
Approved, February 3, 1995.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -- to
acquire the mortgage-servicing rights of Bank of
Montana, N.A., Great Falls, Montana, and Montana
Bank, N.A., Billings, Montana.
Approved, January 31, 1995.
Chicago
Rantoul Bancorp, Inc., Rantoul, Illinois -- to
acquire Bancorp of Rantoul, Inc. and Bank of
Rantoul.
Approved, February 1, 1995.
New York
Royal Bank of Canada, Montreal, Canada -- to engage
de novo in lending activities through BFA
Receivables Acquisition Corp., Wilmington,
Delaware.
Permitted, February 3, 1995.
H.2
JANUARY 30, 1995
PAGE 6
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
GC
Signet Banking Corporation, Richmond, Virginia -determination that Signet will not control Capital
One Bank, Richmond, Virginia, and Capital One
Financial Corporation after Signet distributes
remaining Capital Corporation shares to Signet’s
shareholders.
Granted, January 31, 1995.
Atlanta
Synovus Financial Corp., Columbus, Georgia, and TB&C
Bancshares, Inc. -- to merge with NBSC Corporation,
Columbia, South Carolina, and acquire National Bank
of South Carolina.
Approved, January 30, 1995.
Dallas
Texas Bancshares, Inc., San Antonio, Texas --to
acquire State Bank of La Vernia, La Vernia, Texas.
Approved, January 31, 1995.
Dallas
Texas Bancshares Subsidiary Corporation, Inc.,
Wilmington, Delaware -- to acquire State Bank of La
Vernia, La Vernia, Texas.
Approved, January 31, 1995.
Chicago
Waupaca Bancorporation, Inc., Waupaca, Wisconsin -to acquire NBC Bancshares, Inc., Pampa, Texas, and
National Bank of Commerce.
Approved, January 31, 1995.
Chicago
West Town Bancorp, Cicero, Illinois --to engage de
novo in servicing a loan through West Town Savings
Bank for West Town Bancorp’s employee stock
ownership plan.
Permitted, January 30, 1995.
BANK MERGERS
San Francisco
Valliwide Bank, Fresno, California -- to merge with
Community First Bank, Bakersfield, California.
Returned, January 31, 1995.
H.2
JANUARY 30, 1995
PAGE 7
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK PREMISES
Chicago
Hendricks County Bank and Trust Company, Brownsburg,
Indiana -- investment in bank premises.
Returned, January 30, 1995.
Chicago
Old Kent Financial Corporation, Grand Rapids,
Michigan -- investment in bank premises.
Approved, February 2, 1995.
BANKS. STATE MEMBER
Director, BS&R
Highlands Union Bank, Abington, Virginia -- transfer
agent registration.
Approved, February 1, 1995.
CAPITAL STOCK
St. Louis
Ashley Bancstock Company, Crossett, Arkansas -redemption of shares.
Approved, February 2, 1995.
Kansas City
Guaranty Bancshares Corporation, Kansas City,
Kansas -- redemption of shares.
Approved, February 3, 1995.
Chicago
Trimpe's Inc., Lisbon, Iowa -- redemption of shares.
Returned, February 2, 1995.
CHANGE IN BANK CONTROL
San Francisco
First Indo-American Bank, San Francisco, California
- change in bank control.
Returned, February 2, 1995.
Kansas City
Guaranty Bancshares Corporation, Kansas City,
Kansas -- change in bank control.
Permitted, February 3, 1995.
COMPETITIVE FACTORS REPORTS
St. Louis
American National Bank of Vincennes, Vincennes,
Indiana, proposed purchase of certain assets and
assumption of certain liabilities of the Princeton,
Indiana, branch of First Indiana Bank, FSB,
Indianapolis, Indiana -- report on competitive
factors.
Submitted, January 31, 1995.
H .2
JANUARY 30, 1995
PAGE 8
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Boston
Awane Bank, FSB (in organization), Peterborough, New
Hampshire, proposed purchase of the assets and
assumption of the liabilities of Awane Credit Union
-- report on competitive factors.
Submitted, January 31, 1995.
Cleveland
Bank of Kentucky Financial Corporation, Covington,
Kentucky, proposed acquisition of Burnett Federal
Savings Bank -- report on competitive factors.
Submitted, February 4, 1995.
Richmond
Carolina First Bank, Greenville, South Carolina,
proposed merger with Midlands National Bank,
Prosperity, South Carolina -- report on competitive
factors.
Submitted, February 3, 1995.
Minneapolis
First Bank of South Dakota, N.A., Sioux Falls, South
Dakota, proposed merger with Western Bank -- report
on competitive factors.
Submitted, January 30, 1995.
Chicago
First Federal Savings Bank of LaCrosse-Madison,
LaCrosse, Wisconsin, proposed purchase of the
assets and assumption of the liabilities of the
Manitowoc, Wisconsin, branch of M&I Bank-Fox
Valley, Appleton, Wisconsin -- report on
competitive factors.
Submitted, January 30, 1995.
Atlanta
First Sterling Bank, Auburndale, Florida, proposed
merger with Commerce Bank of Central Florida,
Winter Haven, Florida -- report on competitive
factors.
Submitted, January 30, 1995.
Chicago
Firstar Federal Savings Bank of LaCrosse-Madison,
LaCrosse, Wisconsin, proposed purchase of the
assets and assumption of the liabilities of the Eau
Claire, Wisconsin, branch of M&I Community State
Bank -- report on competitive factors.
Submitted, January 30, 1995.
H .2
JANUARY 30, 1995
PAGE 9
TO
FEBRUARY A, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
San Francisco
Glendale Federal Bank, FSB, Glendale, California,
proposed purchase of assets and assumption of
liabilities of five branches of Independence One
Bank of California, Mission Viejo, California -report on competitive factors.
Submitted, January 31, 1995.
Boston
Peoples Heritage Savings Bank, Portland, Maine,
proposed acquisition of the branches of Fleet Bank
of Maine -- report on competitive factors.
Submitted, February 3, 1995.
Atlanta
Regions Financial Corporation, Birmingham, Alabama,
proposed acquisition of the assets and assumption
of the liabilities of Fidelity Federal Savings
Bank, Dalton, Georgia -- report on competitive
factors.
Submitted, February 1, 1995.
Minneapolis
Rural American Bank-Hinckley, Hinckley, Minnesota,
proposed merger with Sturgeon Lake Bank, Sturgeon
Lake, Minnesota -- report on competitive factors.
Submitted, January 31, 1995.
Richmond
Security Capital Bank, Salisbury, North Carolina,
proposed purchase of the assets and assumption of
the liabilities of North Carolina Financial
Services Corporation; Northbound, Ltd., Universal
Financial Services Corporation, Inc.; NC Financial
Services Corp.; and First Residential Mortgage
Group, Inc. -- report on competitive factors.
Submitted, January 30, 1995.
Atlanta
Walthall Citizens Bank, Tylertown, Mississippi,
proposed purchase of certain assets and assumption
of the liability to pay deposits made in the
Tylertown branch of Magnolia Bank for Savings,
Hattiesburg, Mississippi -- report on competitive
factors.
Submitted, February 1, 1995.
H .2
JANUARY 30,
PAGE 10
1995
TO
FEBRUARY 9,
1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
San Francisco
Zions First National Bank, Salt Lake City, Utah,
proposed merger with First Western National Bank,
Moab, Utah -- report on competitive factors.
Submitted, January 31, 1995,
EXTENSIONS OF TIME
Ph iladelph ia
First Fidelity Bancorporation, Lawrenceville, New
Jersey -- extension to engage in certain activities
in connection with application to acquire shares of
InfiNET Payment Services, Hackensack, New Jersey.
Granted, January 30, 1995.
St. Louis
Bank of Hillsboro, Hillsboro, Missouri -- to become a
member of the Federal Reserve System.
Approved, January 31, 1995.
Cleveland
Hocking Valley Bank, Athens, Ohio -- to become a
member of the Federal Reserve System.
Approved, February 4, 1995.
St. Louis
State Bank of Dixon, Dixon, Missouri --to become a
member of the Federal Reserve System.
Approved, January 30, 1995.
MEMBERSHIP
REGULATIONS AND POLICIES
FOMC
Short-term interest rates -- increase in federal
funds rate.
Approved, February 1, 1995.
RESERVE BANK OPERATIONS
D irector, FRBO
Federal Reserve Bank, of Dallas -- to expand its
currency vault.
Approved, January 31, 1995.
H .2
JANUARY 30, 1995
PAGE 11
ADDITIONS AND CORRECTIONS
TO
FEBRUARY 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
New York
Banco Santander, S.A., Santander, Spain, The Bank of
New York Company, New York, New York, the Chase
Manhattan Corporation; Chemical Banking
Corporation; Citicorp; HSBC Holdings PLC, London,
England, HSBC Holdings B.V., Amsterdam, The
Netherlands; Marine Midland Banks, Inc., Buffalo,
New York; National Westminster Bank PLC, London,
England, and Natwest Holdings, Inc., New York, New
York -- extension to April 7, 1995, to engage
through InfiNET Payment Services, Inc., Hackensack,
New Jersey, in certain activities related to a
retail electronic funds transfer and automated
teller machine network, including data processing
and data transmission activities.
Granted, January 26, 1995.
Cleveland
Bank One Corporation, Columbus, Ohio -- extension to
engage in data processing activities through
Processador 21, Mexico City, Mexico.
Granted, January 26, 1995.
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 30. 1995
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
None.
Date of
Examination
CRA Rating
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
Pacific National Corporation,
Newspaper
Nantucket, Massachusetts Change in Bank Control
Federal Register
Notification filed on behalf
of the Josephine F. Waine Trust,
Marco Island, Florida
John P.M. Higgins, Nicholas
H.S. Higgins, both of Portland,
Maine and Robert C .S . Monks,
Cape Elizabeth, Maine - Change
in Bank Control notification
to acquire 19.5%, 23.7% and
17.4%, respectively of Class E
common stock of Atlantic
Bancorp, South Portland, Maine
02-22-95
01-31-95
Newspaper
02-16-95
Federal Register
02-16-95
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
Berkshire Financial
Federal Register
Services, Inc., Lee,
Massachusetts - 4(c)(8)
application to acquire
Berkshire Financial Centers
Inc., Lee, Massachusetts
Not Yet Established
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
*Subject to CRA.
**Rating Definitions:
"0
- Needs to Improve; "SN"
- Outstanding; "S" - Satisfactory; "N"
Substantial Noncompliance.
SECTION V - A V A IL A B IL IT Y OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
NONE
Rating*
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
United Jersey Bank, Hackensack, New Jersey, to
establish an offsite electronic facility at
Meldisco, 933 MacArthur Boulevard, Mahwah,
Bergen County, New Jersey. 1/
2/25/95
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
North Fork Bancorporation, Inc., Mattituck, New
York ("Applicant"), to acquire (1) up to 19.9
percent of the outstanding common stock of
Suffolk Bancorp, Riverhead, New York ("Suffolk"),
and thereby to indirectly increase Applicant's
interest in Suffolk's wholly-owned subsidiaries,
The Suffolk County National Bank, Riverhead, New
York, and Island Computer Corporation of New
York, Inc, Bohemia, New York, a data processing
company; and (2) up to 9.9 percent of the
outstanding common stock of Sunrise Bancorp, Inc.,
Farmingdale, New York ("Sunrise"), and thereby to
indirectly acquire an interest in Sunrise's wholly-owned
federal savings bank subsidiary, Sunrise Federal Savings
Bank, Farmingdale, New York. 1/
3/2/95 3/
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
Deutsche Bank AG, Frankfurt, Germany, to engage de novo
through its subsidiary, Deutsche Bank Trust Company,
New York, New York, in (1) trust, company functions;
(2) foreign exchange advisory and transactional services;
and (3) consumer financial counseling, pursuant to Sections
225.25(b)(3), (b)(17) and (b)(20) of Regulation Y,
respectively.
1/ Subject to provisions of Community Reinvestment Act.
N/A
SECTION IV
Applications Not Involving
______Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate -income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources an
capabilities.
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 4, 1995
NAME OF BANK
RATING
EXAMINATION DATE
None.
1/
2/
3/
4/
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
FEDERAL RESERVE BANK OF PHILADELPHIA
Section I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
None
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Republic Bancorporation, Inc., Philadelphia, PA seeks approval to become a bank holding
company, pursuant to Section 3(a)(1) of the Bank Holding Company Act.
(The holding
company will form over Republic Bank, Philadelphia, PA, a state member bank.)
Newspaper notice comment
Federal Register comment
period expires:
period expires:
02/28/95
N/Avail
MNB Corporation, Bangor, PA, to form a bank holding company by acquiring 100% of the
voting shares of The Merchants National Bank of Bangor, Bangor, PA, pursuant to Section
3(a)(1) of the Bank Holding Company Act. The Merchants National Bank of Bangor will
merge with and into Merchants Interim National Bank in order to effect the formation.
Newspaper notice comment
Federal Register comment
period expires:
period expires:
02/10/95
N/Avail
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
NONE
1/Subject to provisions of community Reinvestment Act.
FEDERAL RESERVE BANK OP PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending February 3, 1995.
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and mode rate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Meeds to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
NONE
Examination Date
CRA Rating
Fe d e r a l R e s e r v e B
of
ank
C leveland
P. 0. B O X 6387
C L E V E L A N D , OHIO 44101-1387
A PPLIC A TIO N S BU LLETIN
(For the week ending F eb ru ary 18,1995)
SECTIO N I - A PPLIC A TIO N S SU B JEC T TO N EW SPAPER N O TIC E ONLY
NONE
SECTIO N II - A PPLICA TIO N S SU B JEC T TO BOTH N EW SPAPER AND FED ERA L R EG ISTER N
NONE
SECTION III - A PPLICA TIO N S SU BJECT TO FEDERAL R EG ISTER N O TIC E ONLY
NONE
SECTIO N IV - A PPLICA TIO N S N O T SUBJECT TO FEDERAL R EG ISTER N O TIC E O R NEWSPA
Application by certain Banc One Corporation, Columbus, Ohio, bank subsidiaries to organize and
invest in a bank service corporation to engage in without geographic restriction merchant credit
card processing activities.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
Digitized for#FRASER
- Expected to End 30 Days from Date of Receipt
AVAILABILITY O F CRA PU BLIC EVALUATIONS
(February 10, 1995)
The following state member banks have been examined by the Federal Reserve Bank of Cleveland for
compliance with The Community Reinvestment Act Apublic evaluation document became available from the
bank(s) listed below during the week ended February 10,1995. If you are interested in obtaining a copy
of an evaluation document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining
and helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
NEEDS TO 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 moderate-income
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 low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
FCNB Bank, Frederick, Maryland, to
establish an Electronic Funds Transfer
Facility at the Frederick 1-70 Truck
Stop, 10 East Walser Drive, Frederick,
Maryland.*
2-24-95
Mellon Bank (MD), Rockville, Maryland,
to establish a branch at 9822 Falls
Road, Potomac, Maryland.*
2-27-95
FCNB Bank, Frederick, Maryland, to
establish a branch in the Brunswick
Shopping Center at 94 Souder Road,
Brunswick, Maryland.*
3-2-95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
First Citizens BancShares, Inc.,
Raleigh, North Carolina, to merge
with Old White Bankshares, Inc.,
White Sulphur Springs, West Virginia.*
2-24-95
F & M National Corporation, Winchester,
Virginia, to acquire Bank of the Potomac,
Inc., Herndon, Virginia.* **
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
Bank of Floyd, Floyd, Virginia,
for membership in the Federal
Reserve System.
*Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending February 3, 1995
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods; in a manner
consistent with its resources and capabilities.
Examination
Date
None.
Ratine
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 2, 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Barnett Bank of Volusia County
12-24-94*
DeLand, Florida
To establish a branch located at the Southeast Corner of Palm Coast
Parkway and Belle Terre Parkway, Palm Coast, Florida, to be known
as Belle Terre Office.
SouthTrust Bank of West Florida
Not yet available*
St. Petersburg, Florida
To merge with the Tampa and New Port Richey offices of Anchor
Savings Bank, FSB, Hewlett, New York, pursuant to Section 18(c) of
the Federal Deposit Insurance Act.
SouthTrust Bank of West Florida
01-01-95*
St. Petersburg, Florida
To acquire certain assets and assume certain liabilities of the
Tampa and New Port Richey branches of Anchor Savings Bank, FSB,
Hewlett, New York, pursuant to Section 5(d) (3) of the Federal
Deposit Insurance Act, as amended by the Federal Deposit Insurance
Corporation Improvement Act of 1991.
Section 2 - Applications Subiect to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
A. Wilbert's Sons Lumber & Shingle Company
Not Yet Available*
P1aquemine, Louisiana
For its subsidiary, Iberville Trust and Savings Bank, Plaquemine,
Louisiana,
to merge with Bayoulands Financial Corporation,
Plattenville, Louisiana, and thereby directly acquire Bayoulands
Bank, Plattenville, Louisiana, pursuant to Section 3(a)(5) of the
Bank Holding Company Act. Bayoulands Bank will immediately merge
into Iberville Trust and Savings Bank.
Synovus Financial Corp.
Not yet available*
Columbus, Georgia
Along with TB&C Bancshares, Inc., Columbus, Georgia, to merge with
NBSC Corporation, Columbia, South Carolina, and thereby directly
acquire The National Bank of South Carolina, Columbia, South
Carolina, pursuant to Section 3(a)(5) of the Bank Holding Company
Act .
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 2. 1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Synovus Financial Corp.
Columbus, Georgia
Comment Period Ending Date
Not yet available*
Along with TB&C Bancshares, Inc., Columbus, Georgia, to acquire
Sumbank Life Insurance Company, Columbia, South Carolina, pursuant
to Section 225.25(b) (8) (ii) of Regulation Y and Section 4(c) (8) of
the Bank Holding Company Act.
Section 3 - Applications Subnect to Federal Register Only
Application
Comment Period Ending Date
None.
*Subject
to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 2. 1994
Section 4 - Applications Not SubHect to
Federal Register Notice or Newspaper Notice
Application
None.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 2. 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:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record 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.
Examination
Bank
None.
Rating
Date
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
Merger/Branch
Old Kent Bank
N - 2-6-95
Elmhurst, Illinois
Edgewood Bank
Countryside, Illinois & to establish
branches at 1023 West 55th Street,
Countryside, Illinois and 7515 Jones Avenue
Woodridge, Illinois
Member
Central National Bank of Howard County
Russiaville, Indiana
to become a member of the Federal Reserve
System
N - 2-8-95
Branch
Comerica Bank
Detroit, Michigan
5700 Beckley Road
Battle Creek, Michigan
N - 2-4-95
Branch
Comerica Bank
Detroit, Michigan
294 Highland Avenue
Battle Creek, Michigan
N - 2-4-95
Membership
M&I Mid-State Bank National Association
Stevens Point, Wisconsin
to become a member of the Federal Reserve
System
N - **
Membership
M&I Bank of Shawano, National Association
Shawano, Wisconsin
to become a member of the Federal Reserve
System
N - **
Membership
M&I First American National Bank
Wausau, Wisconsin
to become a member of the Federal Reserve
System
N - **
Membership
M&I Central Bank & Trust
Marshfield, Wisconsin
to become a member of the Federal Reserve
System
N - **
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
Merger/Branch
Firstar Bank Illinois
N - **
Naperville, Illinois
All American Bank
Chicago, Illinois
Colonial Bank
Chicago, Illinois
Community Bank & Trust Company of Edgewater
Chicago, Illinois
Michigan Avenue National Bank
Chicago, Illinois
First Colonial Bank Southwest
Burbank, Illinois
First Colonial Bank of McHenry County
Crystal Lake, Illinois
First Colonial Bank of Downers Grove
Downers Grove, Illinois
York State Bank
Elmhurst, Illinois
Fox Lake State Bank
Fox Lake, Illinois
First Colonial Bank/Highwood
Highwood, Illinois
First Colonial Bank/Mundelein
Mundelein, Illinois
First Colonial Bank of DuPage County
Naperville, Illinois
First Colonial Bank/Northlake
Northlake, Illinois
Avenue Bank of Oak Park
Oak Park, Illinois
First Colonial Bank/Rosemont
Rosemont, Illinois
First Colonial Bank of Lake County
Vernon Hills, Illinois
First Colonial Bank Northwest
Niles, Illinois
and to establish 30 branches
Merger/Branch
Shelby County State Bank
Shelbyville, Illinois
Strasburg State Bank
Strasburg, Illinois
& to establish a branch at the corner
of Commercial and Chestnut Street,
Strasburg, Illinois
N - 1-30-95
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
lypg
Application
Y-l
B J Morgan Bancshares, Inc.
Morgantown, Indiana
First State Bank
Morgantown, Indiana*
FR - 1-9-95
NP - 2-6-95
Y-2
National Bancorp, Inc.
Streamwood, Illinois
Northwest Community Bank
Project Heights, Illinois*
FR - 2-6-95
NP - 1-18-95
Y-2
First Michigan Bank Corporation
Holland, Michigan
Superior Financial Corporation
Sault Sainte Marie, Michigan
Sault Bank
Sault Sainte Marie, Michigan*
FR - 2-6-95
NP - 1-28-95
Y-l
West Plains Investors, Inc.
Pleasant Plains, Illinois
Pleasant Plains State Bank
Pleasant Plains, Illinois*
FR - 2-6-95
NP - 2-13-95
Y-l
First State Bancorp of Monticello, Inc.
Employee Stock Ownership Plan
Monticello, Illinois
First State Bancorp of Monticello, Inc.
Monticello, Illinois
Atwood State Bank
Atwood, Illinois
First State Bank of Bloomington
Bloomington, Illinois
First State Bank of Heyworth
Heyworth, Illinois
First State Bank Monticello
Hammond, Illinois*
FR - 1-6-95
NP - 2-8-95
Y-l
First Mutual Bancorp, Inc.
Decatur, Illinois
First Mutual Bank, S.B.
Decatur, Illinois*
FR - 2-3-95
NP - **
Y-l
First National Independent Bancorp, Inc.
LaGrange, Illinois
F.N.B.C. of LaGrange, Inc.
LaGrange, Illinois
Wesco Investment Corporations
LaGrange, Illinois*
FR
NP
11-21-94
2-27-95
Federal Reserve Bank of Chicago
Section II
Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-2
Albert City Bankshares, Inc.
Albert City, Iowa
Citizens State Bank
Marathon, Iowa*
FR - 2-6-95
NP - 2-3-95
Y-2
Ida Grove Bancshares, Inc.
Ida Grove, Iowa
American National Bank
Ida Grove, Iowa*
FR - 2-13-95
NP - 1-29-95
Y-2
Goodenow Bancorporation
Okoboji, Iowa
Jackson Bancorporation, Inc.
Fairmont, Minnesota
Bank Midwest, Minnesota Iowa, N.A.
Fairmont, Minnesota*
FR - 2-16-95
NP - **
Y-l
American Community Bankshares, Inc.
Wausau, Wisconsin
American Community Bank
Wausau, Wisconsin (in organization)*
FR - 2-17-95
NP - 2-13-95
Y-2
Marshall & Ilsley Corporation
Milwaukee, Wisconsin
Citizens Bancorp of Delavan, Inc.
Delavan, Wisconsin
Citizens Bank of Delavan
Delavan, Wisconsin
Sharon State Bank
Sharon, Wisconsin*
FR - 3-3-95
NP - **
CoC-HC
Waterford Bancshares, Inc.
Waterford, Wisconsin
by Gerald F. Fitzgerald, Jr.
FR - 2-15-95
NP - **
Y-2
Amcore Financial, Inc.
Rockford, Illinois
FR - **
NP - 3-2-95
NBM Bancorp, Inc.
Mendota, Illinois
First National Bank in Peru
Peru, Illinois
National Bank of Mendota
Mendota, Illinois*
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Typ e
Y-2
Y-2
Application
Firstar Corporation
Milwaukee, Wisconsin
Firstar Credit Card Bank, N.A.
Gurnee, Illinois (in organization)*
Firstar Corporation of Wisconsin
Milwaukee, Wisconsin
Firstar Credit Card Bank, N.A.
Gurnee, Illinois (in organization)*
FR - **
NP - **
FR - **
NP - **
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
-Type
Application
4(c) (8)
Country Bank Shares Corporation
Mount Horeb, Wisconsin
to engage
novo in providing to others
data processing & data transmission
services
FR - 2-7-95
4(c) (8)
First of America Bank Corporation
Kalamazoo, Michigan
to engage d£ novo in high residual value
leasing
FR - 2-8-95
4(c) (8)
Lakeview Financial Corp
Lakeview, Michigan
Lakeview Mortgage Corporation
Lansing, Michigan
to engage <i£ novo in making and
servicing of loans
FR - 2-9-95
4(c) (8)
National Bancorp, Inc.
Melrose Park, Illinois
National Bancorp Data Systems, Inc.
Melrose Park, Illinois
to provide data processing services to
their subsidiaries
FR - 2-10-95
4(c) (8)
First Chicago Corporation
Chicago, Illinois
First Chicago Capital Markets, Inc.
Chicago, Illinois
FR - 2-21-95
4(c) (8)
Whitewater Bancorp, Inc.
Whitewater, Wisconsin
to purchase loan participations and make
direct loans
FR - 2-22-95
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
RoS
Trimpe's Inc.
Lisbon, Iowa
to redeem 2,333 shares of stock from Karen Trimpe
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve
Bank of Chicago for compliance with the CRA. The 3O-day business day period
the bank has to make the evaluation public has lapsed during the week ending
February 03, 1995.
If you are interested in obtaining a copy of the
evaluation document, please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
NI-An institution in this group needs to improve its overall record of
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.
3N-An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
EXAMINATION DATE
RATINGS
-DeMctte State Bank
210 South Halleck Street
DeMotte, Indiana
46310-9502
(219) 987-4141
10/17/94
S
-Iowa State Bank & Trust Company
Broadway and Court
Fairfield, Iowa
52556
(515) 472-3161
10/24/94
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING FEBRUARY 3, 1995
Application
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
None.
Application
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
♦Section 3(a)(3) application by National City
Bancshares, Inc., Evansville, Indiana, to
acquire White County Bank, Carmi, Illinois.
Newspaper:
3/3/95
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Carlinville
National Bank Shares, Inc., Carlinville, Illinois,
to engage in community development activities
through investment in Macoupin County Community
Development Corporation, Carlinville, Illinois.
2/21/95
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
♦This Application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification of Ratings:
Outstanding record of meeting community credit needs
A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs
A n institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
of its entire delineated community, including lo w - and moderate- income neighborhoods, in a manner
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 meet the
credit needs of its entire delineated community, including low - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
A n institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
None
February 3, 1995
Bank Address
Examination
Date
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
__Ending Patg
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date__
Application
James A. Redding and Mary Gene Clark,
to acquire 74Z of the voting shares of
Windom State Investment Company,
Windom, MN*
February 15, 1995
(Federal Register)
Susan and Roger Berglund, Albert and
Lorraine Bowman, Gwenn Jones, Wendy
Jorgenson, Bruce Bowman and Dakota
Western Bank Profit Sharing Plan, to
acquire 100Z of the voting shares of
Dakota Western Bahkshares, Inc.,
Bowman, ND*
Not yet available
Otto Bremer Foundation and Bremer
Financial Corporation, both of
St. Paul, MN, to acquire 1002 of
the voting shares of Morris State
Bancorporation, Inc., Morris, MN*
March 6, 1995
(Federal Register)
♦Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to refer#! Register Notts? Only
Comment Period
Application
Norwest Corporation, Minneapolis, MN,
to engage in trust company activities
Stan-Shaw Corporation, Anaheim Hill,
CA
Ending P«tv
February 13, 1995
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Norwest Corporation, Minneapolis, MN,
to engage in insurance agency activities
through the acquisition of Directors
Insurance Service, Riverside, CA
February 13, 1995
Norwest Corporation, Minneapolis, MN,
to engage in mortgage origination and
servicing and savings association
activities, through the acquisition of
Directors Mortgage Loan Corporation,
Riverside, CA
February 13, 1995
Norwest Corporation, Minneapolis, MN,
to engage in making and servicing
loans through the acquisition of
the mortgage business of First
National Bank of Kerrville,
Kerrville, TX
February 23, 1995
Norwest Corporation, Minneapolis, MN,
to engage in securities brokerage
activities through the acquisition
of the securities brokerage business
of Texas National Bank, Midland, TX
February 23, 1995
Norwest Corporation, Minneapolis, MN
to engage in making and servicing
loans through the acquisition of
the mortgage business of Community
State Bank of Alexandria, Alexandria, MN
February 23, 1995
Norwest Corporation, Minneapolis, MN,
to engage in making and servicing loans
through the acquisition of the mortgage
business of Goldenbank, N.A., Golden, CO
February 23, 1995
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending February 3, 1995
ASSIGNMENT QE RATING
I^.entIfIcaJEjon.of E atings
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
State Bank of Allester
Post Office Box 168
Alcester, SD 57001-0168
(605) 934-2500
October 31, 1994
Outstanding
Bank of Lemmon
Post Office Box 359
Lemmon, SD 57638-0359
(605) 374-3853
November 14, 1994
Satisfactory
Federal Reserve Bank of Kansas City
SECTION 1 - APPLICATIONS SUB I E C H O NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION II - APPLICATIONS SUBIECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
American State Bank ESOP, Broken Bow,
Oklahoma, for prior approval to become a bank
holding company through the acquisition of 37.04
percent of the voting shares of American State
Bancshares, Inc., Broken Bow, Oklahoma.*
Not Available
Overland Bancorp, Inc., Belton, Missouri, for prior
approval to become a bank holding company
through the acquisition of 80 percent of the voting
shares of The Bank of Belton, Belton, Missouri.*
Not Available
Carl L. Frickey, Revocable Trust dated April 10,
1991, Charles L. Frickey, Revocable Trust dated
June 22, 1993, and R.D. Jones Trust #1, all of
Oberlin, Kansas, to increase their ownership
interest from 45.49 percent to 66.53 percent, in
Farmers Baricshares of Oberlin, Inc., Oberlin,
Kansas.*
Not Available
SECTION ill - APPLICATIONS SUBIECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
HNB Corporation, Arkansas City, Kansas, for prior
approval to establish a subsidiary corporation to
open a consumer finance company in Arkansas
City, Kansas.*
Not Available
Bolder Bancorporation, Boulder, Colorado, for
prior approval to engage in permissible nonbanking
activities.*
Not Available
Federal Reserve Bank of Kansas City
SECTION IV - APPLICATIONS NOT SUBIECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance,
a rating is assigned from the following groups:
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 lowand moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and
helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Federal Reserve Bank of Kansas City
Bank/Location
Exam Date
CRA Public
Date
Citizens Bank of Edmond
P.O. Box 30
Edmond, Oklahoma 73083-0030
10-24-94
01-30-95
Satisfactory
Bank of Love County
P.O. Box 10
Marietta, Oklahoma 73448-0010
10-24-94
01-30-95
Satisfactory
Pitkin County Bank & Trust
P.O. Box 3677
Aspen, Colorado 81612
10-24-94
01-31-95
Outstanding
Western Bank of Cody
P.O. Box 218
Cody, Wyoming 82414-0218
10-24-94
01-31-95
Satisfactory
* Application is subject to CRA.
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 30, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
♦Section 9 application received from
Bank of Houston, Houston, TX, to establish a branch at
8002 Kirby, Houston, TX 77054
95/02/25
The following was incorrectly reported during the week of January 16, 1995:
♦Section 18(c) application received from
Minden Bank & Trust Company, Minden, LA, to merge with
Hibernia National Bank, Shrevepor*t, LA
95/02/13
It should have read as follows:
♦Section 18(c) application received from
Minden Bank & Trust Company, Minden, LA, to acquire certain
assets and assume certain liabilities of 3 branches of
Hibernia National Bank, New Orleans, LA
95/02/13.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
♦Section 3(a)(1) application by
T&A Bancshares, Inc., Inc., Texarkana, TX, to acquire
New Boston Bancshares, Inc., New Boston, TX, and The
First National Bank of New Boston, New Boston, TX
N/A
♦Section 3(a)(3) application by
Gulf Southwest Bancorp, Inc., Houston, TX, to acquire
Texas Gulf Coast Bancorp, Inc., Houston, TX; First Bank
Mainland, LaMarque, TX; First Bank Pearland, Pearland,
TX; and Texas City Bank, Texas City, TX
N/A
♦Section 3(a)(3) application by
Gulf Southwest Nevada Bancorp, Inc., Reno, NV, to acquire
Texas Gulf Coast Bancorp, Inc., Houston, TX; First Bank
Mainland, LaMarque, TX; First Bank Pearland, Pearland,
TX; and Texas City Bank, Texas City, TX
N/A
♦Section 3(a)(1) application by
CRB Financial Corp., San Antonio, TX, to acquire
Camino Real Delaware, Inc., Wilmington, DE; Camino Real
Bancshares, Inc., San Antonio, TX; and Camino Real Bank,
N.A., Eagle Pass, TX
N/A
♦Section 3(a)(1) application by
First Commercial Financial Corp., Seguin, TX, to acquire
First Commercial Bank, N.A., Seguin, TX
94/12/21
♦Section 3(a)(5) application by
Cullen/Frost Bankers, Inc., San Antonio, TX, to
acquire by merger Valley Bancshares, Inc., McAllen, TX
(Previously reported during the week of 1-16-95)
♦Section 3(a)(1) application by
Peoples Bancorp, Inc., Plano, TX, to acquire
Peoples Bancorp of Delaware, Inc., Dover, DE, and
Plano Bank & Trust, Plano, TX
(Previously reported during the week of 12-26-94)
♦Section 3(a)(1) application by
Peoples Bancorp of Delaware, Inc., Dover, DE, to
acquire Plano Bank & Trust, Plano, TX
(Previously reported during the week of 12-26-94)
Change in Control Notice by
Frank Moore Carter, Miami, TX; Phebe Carter Hethcock,
Sewanee, TN; and Patrick Casey Carter, Pampa, TX, to
acquire an interest in Miami Bancshares, Inc., Miami, TX
(Previously reported during the week of 1-23-95)
95/02/16
95/01/24
95/01/24
95/02/16
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
Section 4(c)(8) de novo notification by
Central Louisiana Capital Corporation, Vidalia, LA,
to engage in selling finance company credit property
insurance, including credit-life, accident and health
insurance, property insurance, non filing fee insurance
and vendor’s single interest policy insurance, through a
subsidiary known as Community Credit Centers, Inc., Lake
Providence, LA
95/02/23
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 2/03/95
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Cascade Bancorp, Inc., Auburn, California, to
become a bank holding company through the
acquisition of Cascade Community Bank, Auburn,
California. *
Newspaper:
2/17/95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
None
Section III - Applications Subject to Federal Register Notice Only
None
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject
to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 2/03/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending February 3, 1995. Information about a particular institution's CRA evaluation may be
obtained directly from the institution.
Institution
Location
Enterprise Bank
11225 S.E. 6th
Bellevue, WA 98004-6441
(206) 454-7070
10/17/94
Satisfactory
Valley Community Bank
723 North Baker
10/24/94
McMinnville, OR 97128-4926
(503) 472-0534
Satisfactory
Examination Date
Rating*
♦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.
@FedFRASER