The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H . 2, 1997, No. 2
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending January 11, 1997
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Franklin Resources, Inc., San Mateo, California -request by Franklin for a determination under the
Competitive Equality Banking Act of 1987, regarding
acquisition of Heine Securities Corporation, Inc.,
Short Hills, New Jersey.
Granted, January 8, 1997.
BOARD OPERATIONS
Lawrence B. Lindsey -- resignation as a Member of the
Board of Governors of the Federal Reserve System,
effective February 5, 1997.
Announced, January 10, 1997.
ENFORCEMENT
IBJ Schroder International Bank, Miami, Florida -cease and desist order and order of assessment of a
civil money penalty against Roberto A.F. Roberts, a
former officer and institution-affiliated party.
Announced, January 6, 1997.
Nippon Credit Bank, Ltd., Tokyo, Japan (New York
Branch) -- cease and desist order against Brian
Gager, a former foreign exchange trader and
institution-affiliated party of the New York branch
of the bank.
Announced, January 6, 1997.
REGULATIONS AND POLICIES
Saving and investing -- availability of a video
entitled "It's Your Money,” sponsored by the Board
and the Securities and Exchange Commission.
Announced, January 8, 1997.
Section 20 subsidiaries of bank holding companies -request for comment on amendments that would
eliminate most of the section 20 firewalls and
incorporate remaining firewalls in a statement of
operating standards.
Approved, January 8, 1997.
H .2
JANUARY 6, 1997
PAGE 2
TO
JANUARY 10, 1997
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 Coronado, Coronado, California -- to
establish a branch at 106 B Street.
Approved, January 10,. 1997.
Richmond
Crestar Bank, Vienna, Virginia - - t o establish a
branch in the Community Pride Plus Super Market at
500 North Harrison Street, Richmond, Virginia.
Approved, January 6, 1997.
Chicago
F&M Portage County, Park Ridge, Wisconsin -- to
establish a branch at 128 Highway 10 East, Amherst,
Wisconsin.
Approved, January 8, 1997.
Philadelphia
First Capitol Bank, York, Pennsylvania - - t o
establish a branch at 2170 White Street.
Approved, January 7, 1997.
Atlanta
Intervest Bank, Clearwater, Florida -- to establish a
branch at 6750 Gulfport Boulevard, South Pasadena,
Florida.
Approved, January 6, 1997.
Cleveland
KeyBank National Association, Albany, New York - - t o
establish a branch in George Town, Grand Cayman,
British West Indies.
Approved, January 9, 1997.
Philadelphia
Orrstown Bank, Orrstown, Pennsylvania -- to establish
a branch at 22 South Hanover Street, Carlisle,
Pennsylvania.
Approved, January 7, 1997.
BANK HOLDING COMPANIES
Chicago
Bando McGlocklin Capital Corporation, Pewaukee,
Wisconsin -- to acquire InvestorsBank; and Bando
McGlocklin Small Business Lending Company; and
Bando McGlocklin Investment Corporation.
Returned, January 7, 1997.
H.2
JANUARY 6, 1997
PAGE 3
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
San Francisco
Banque Nationals de Paris, Paris, France -- request
for relief from commitment in connection with
BNP/Cooper Neff, Inc., Radnor, Pennsylvania, a
subsidiary.
Granted, January 6, 1997.
San Francisco
Citizens Bancorp, Corvallis, Oregon - - t o acquire
Citizens Bank.
Returned, January 9, 1997.
Atlanta
Colonial Bancgroup, Inc., Montgomery, Alabama - - t o
merge with D/W Bankshares, Inc., Dalton, Georgia,
and acquire Dalton/Whitfield Bank & Trust, Dalton,
Georgia.
Approved, January 10, 1997.
Philadelphia
Commerce Bancorp, Inc., Cherry Hill, New Jersey -- to
acquire Independence Bancorp, Inc., Ramsey, New
Jersey.
Approved, January 6, 1997.
Dallas
First Baird Bancshares, Inc., Baird, Texas -- to
acquire The Oklahoma National Bank of Duncan,
Duncan, Oklahoma.
Approved, January 8, 1997.
Dallas
First Baird Bancshares of Delaware, Inc., Dover,
Delaware -- to acquire The Oklahoma National Bank
of Duncan, Duncan, Oklahoma.
Approved, January 8, 1997.
St. Louis
First Security Bancorp, Searcy, Arkansas - - t o
acquire First Community Bank, N.A., Conway,
Arkansas.
Approved, January 8, 1997.
Kansas City
IFB Holdings, Inc., Chillicothe, Missouri - - t o
acquire Investors Federal Bank, N.A.
Approved, January 10, 1997.
H.2
JANUARY 6, 1997
PAGE 4
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
International Bancorporation, Golden Valley,
Minnesota - - t o acquire Carlton County
Bancorporation, Inc., Cloquet, Minnesota, and City
National Bank of Cloquet.
Approved, January 9, 1997.
Atlanta
Intervest Bancshares Corporation, New York, New
York -- change in bank control.
Permitted, January 7, 1997.
Kansas City
Jefferson County Bancshares, Inc., Daykin, Nebraska - to acquire Antelope Bancshares, Inc., Elgin,
Nebraska.
Approved, January 8, 1997.
St. Louis
Pinnacle Bancshares, Inc., Little Rock, Arkansas -to acquire Pinnacle Bank.
Approved, January 10, 1997.
Atlanta
Regions Financial Corporation, Birmingham, Alabama -to acquire Florida First Bancorp, Inc., Panama
City, Florida, and Florida FirstBank, and engage in
operating a savings and loan association.
Approved, January 10, 1997.
Dallas
Weatherford, Bancshares, Inc., Weatherford, Texas -to acquire The Oklahoma National Bank of Duncan,
Duncan, Oklahoma.
Approved, January 8, 1997.
BANK MERGERS
Chicago
Pullman Bank and Trust Company, Chicago, Illinois -to merge with Pullman Bank of Commerce & Industry,
and to establish a branch at 6100 Northwest
Highway.
Approved, January 9, 1997.
H.2
JANUARY 6, 1997
PAGE 5
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Kansas City
Gardner Bancorp, Inc., Gardner, Kansas -- change in
bank control.
Permitted, January 6, 1997.
Kansas City
Hopeton Bancshares, Inc., Hopeton, Oklahoma -- change
in bank control.
Permitted, January 6, 1997.
Kansas City
Osborne Investments, Inc., Osborne, Kansas -- change
in bank control.
Permitted, January 9, 1997.
COMPETITIVE FACTORS REPORTS
Kansas City
Bank of Commerce, N.A., Catoosa, Oklahoma, proposed
merger with Adair State Bank, Adair, Oklahoma -report on competitive factors.
Submitted, January 10, 1997.
Kansas City
Bank of the Lakes, Owasso, Oklahoma, proposed merger
with Bank of the Lakes, Langley, Oklahoma -- report
on competitive factors.
Submitted, January 10, 1997.
Cleveland
Bank One, Columbus, Ohio, proposed merger with Banc
One Corporation's banks in Akron, Athens,
Cambridge, Cincinnati, Cleveland, Coshocton,
Dayton, Dover, Fremont, Lima, Mansfield, Marietta,
Marion, Portsmouth, Sidney, and Youngstown, Ohio -report on competitive factors.
Submitted, January 9, 1997.
Boston
Bay State Federal Savings Bank, Brookline,
Massachusetts, proposed merger with Union Federal
Savings Bank, Boston, Massachusetts -- report on
competitive factors.
Submitted, January 6, 1997.
Commercial National Bank of Beeville, Beeville,
Texas, proposed acquisition of the assets and
assumption of the liabilities of branches of
Pacific Southwest Bank (FSB), Corpus Christi,
Texas, at All East Houston, Beeville, and 145 North
Jefferson, Goliad, Texas — report on competitive
factors.
Submitted, January 9, 1997.
Dallas
H.2
JANUARY 6, 1997
PAGE 6
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
San Francisco
Far East National Bank, Los Angeles, California,
proposed merger with FENB Interim National Bank,
Los Angeles, California -- report on competitive
factors.
Submitted, January 8, 1997.
St. Louis
First Commercial Bank, National Association, Memphis,
Tennessee, proposed merger with United American
Bank of Memphis -- report on competitive factors.
Submitted, January 6, 1997.
Dallas
First Community Bank, N.A., Alice, Texas, proposed
merger with New Alice Bank -- report on competitive
factors.
Submitted, January 9, 1997.
Minneapolis
First National Bank of Whitefish, Whitefish, Montana,
proposed purchase of the assets and assumption of
the liabilities of the branch of Glacier Bank,
F.S.B., Kalispell, Montana, on Clark Street in
Pasco, Montana -- report on competitive factors.
Submitted, January 9, 1997.
San Francisco
First Security Bank, N.A., Ogden, Utah, proposed
purchase of the assets and assumption of the
liabilities of the Mesquite, Nevada, branch of
First Security Bank of Nevada, Las Vegas, Nevada -report on competitive factors.
Submitted, January 6, 1997.
Chicago
Grand National Bank, Wauconda, Illinois, proposed
merger with First Security Bank of Cary-Grove,
Cary; First National Bank of Northbrook,
Northbrook; First Bank South, Dixon; and First Bank
North, Freeport, Illinois -- report on competitive
factors.
Submitted, January 8, 1997.
Chicago
Green County Bank, Brodhead, Wisconsin, proposed
merger with F&M Interim Bank, Kaukauna, Wisconsin - report on competitive factors.
Submitted, January 6, 1997.
H.2
JANUARY 6, 1997
PAGE 7
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Cleveland
Jefferson Savings Bank, West Jefferson, Ohio,
proposed merger with Prime Savings Bank, Elyria,
Ohio -- report on competitive factors.
Submitted, January 7, 1997.
Chicago
Merchants National Bank of Terre Haute, Terre Haute,
Indiana, proposed merger with Rockville National
Bank, Rockville; and Clinton State Bank, Clinton,
Indiana -- report on competitive factors.
Submitted, January 6, 1997.
Atlanta
NationsBank Corporation, Charlotte, North Carolina,
proposed acquisition of the assets and assumption
of the liabilities of First Federal Savings Bank of
Brunswick, Brunswick, Georgia -- report on
competitive factors.
Submitted, January 7, 1997.
Minneapolis
New State Bank of Gibbon, Gibbon, Minnesota, proposed
merger with State Bank of Gibbon -- report on
compet it ive factors.
Submitted, January 9, 1997.
Cleveland
S&T Bank, Indiana, Pennsylvania, proposed merger with
Peoples Bank of Unity, Pittsburgh, Pennsylvania -report on competitive factors.
Submitted, January 9, 1997.
Chicago
State Bank of St. Cloud, St. Cloud, Wisconsin,
proposed merger with St. Cloud Interim Bank, St.
Cloud, Wisconsin -- report on competitive factors.
Submitted, January 6, 1997.
Cleveland
Strongsville Savings Bank, Strongsville, Ohio,
proposed merger with Emerald Interim Savings Bank - report on competitive factors.
Submitted, January 9, 1997.
Kansas City
Sunflower Bank, N.A., Salina, Kansas, proposed merger
with Bank of the Southwest, Dodge City, Kansas -report on competitive factors.
Submitted, January 10, 1997.
H .2
JANUARY 6, 1997
*PAGE 8
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Cleveland
TFS Financial Corporation, Cleveland, Ohio, proposed
acquisition of the assets and assumption of the
liabilities of Third Federal Savings and Loan
Association of Cleveland -- report on competitive
factors.
Submitted, January 9, 1997.
Cleveland
UniBank, Steubenville, Ohio, proposed purchase of the
assets and assumption of the liabilities of
branches of National City Bank, Northeast, Akron;
at 13A Third Street, Tiltonsville; 612 Commercial
Street, Mingo Junction; and 1589 Pennsylvania
Avenue, East Liverpool, Ohio -- report on
competitive factors.
Submitted, January 9, 1997.
Secretary
U.S. Bank of California, Sacramento, California,
proposed merger with Alameda First National Bank,
Alameda; The Bank of Milpitas, N.A., Milpitas;
Community First National Bank, Lafayette; Lamorinda
National Bank, Lafayette; The Bank of San Ramon
Valley, San Ramon; Commercial Bank of Fremont,
Fremont; Concord Commercial Bank, Concord; Westside
Bank, Tracey; and Modesto Banking Company, Modesto,
all in California -- report on competitive factors.
Submitted, January 10, 1997.
Dallas
Woodcreek Bank, Harris County, Texas, proposed merger
with New Woodcreek, Inc. -- report on competitive
factors.
Submitted, January 9, 1997.
EXTENSIONS OF TIME
Chicago
Brunsville Bancorporation, Inc., Brunsville, Iowa
extension to April 8, 1997, to engage de novo in
selling all types of insurance.
Granted, January 8, 1997.
San Francisco
Dai-Ichi Kangyo Bank, Limited Tokyo, Japan -extension to divest certain property.
Granted, January 9, 1997.
H.2
JANUARY 6, 1997
PAGE 9
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago
Hometown Financial Group, Inc., Flanagan, Illinois -extension to April 8, 1997, to acquire Flanagan
State Bank.
Granted, January 7, 1997.
Minneapolis
Inter-Mountain Bancorp, Inc., Bozeman, Montana -extension to April 9, 1997, to acquire First
Security Bank of Belgrade, Belgrade, Montana.
Granted, January 9, 1997.
Chicago
Merrill Bancorporation, Inc., Merrill, Iowa -extension to April 8, 1997, to engage de novo in
selling all types of insurance.
Granted, January 8, 1997.
INTERNATIONAL OPERATIONS
Cleveland
Bank One, Arizona, N.A., Phoenix, Arizona; Bank One,
Colorado, N.A., Denver, Colorado; Bank One,
Louisiana, N.A., Baton Rouge, Louisiana; Bank One,
Oklahoma City, Oklahoma City, Oklahoma; and Bank
One, Utah, N.A., Salt Lake City, Utah -- to
establish branches in George Town, Grand Cayman,
British West Indies.
Approved, January 9, 1997.
Chicago
First American Bank, Ames, Iowa -- to become a member
of the Federal Reserve System.
Approved, January 8, 1997.
St. Louis
Pinnacle Bank, Little Rock, Arkansas - - t o become a
member of the Federal Reserve System.
Approved, January 10, 1997.
MEMBERSHIP
REGULATIONS AND POLICIES
Secretary
Federal Open Market Committee -- transcripts of
meetings of the Federal Open Market Committee held
during 1991 -- available for public inspection.
Published, January 9, 1997.
ADDITIONS AND CORRECTIONS
H.2
JANUARY 6, 1997
PAGE 10
TO
JANUARY 10, 1997
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ADVISORY COUNCILS
Consumer Advisory Council -- selection of eight new
members and designation of Julia W. Seward as
Chairman and William L. Lund as Vice Chairman for
1997.
Approved, December 23, 1996.
REGULATIONS AND POLICIES
Regulations H and K -- publication for comment of
amendments to establish certain professional
qualification requirements for bank employees who
sell mutual funds and other securities to retail
customers on bank premises (Docket R-0950).
Approved, December 11, 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
Application
Comment Period Ending Date
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:
"O" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.
"N" - Needs to
FEDERAL RESERVE BANK OF NEW YORK
C o m m e n t P e r io d
E n d i n g D a te
S E C T IO N I
A p p lic a tio n s S u b je c t t o N e w s p a p e r
_________ N o tic e O n ly _________
None.
S E C T IO N
n
A p p lic a tio n s S u b je c t t o B o th
N e w s p a p e r a n d F e d e r a l R e g is te r N o tic e
Deutsche Bank AG, Frankfurt, Germany, to acquire through German
American Capital Corporation, New York, New York ("GACC"),
indirect ownership ana control of a 50 percent interest in Transatlantic
Capital Company, L.L.C, New York, New York ("Company"), and
thereby to engage in commercial real estate mortgage loan orgination
activities. Company is a joint venture between GACC and Rhodes II,
L.L.C., a Delaware limited liability company.
S E C T IO N m
N o n b a n k in g A p p lic a tio n s
( s u b je c t to F e d e r a l R e g is te r N o tic e O n ly )
None.
S E C T I O N IV
A p p lic a tio n s N o t In v o lv in g
P u b lic C o m m e n t
None.
S E C T IO N V
A v a ila b ility o f C R A P u b lic E v a lu a tio n s
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.
N/A
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.
W eek Ending January 11,1997
NAME OF BANK
RATING
None.
i / Subject to provisions of Community Reinvestment Act.
2/ Later of dates specified in newspaper and Federal Register notices.
3/ Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4/ Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
EXAM INATION DATE
FEDERAL RESERVE BANK OF PHILADELPHIA
S E C T IO N I - A P P L IC A T IO N S R E C E IV E D A N D S U B JE C T T O N E W S P A P E R
N O T IC E O N L Y
F i r s t R e p u b l i c B a n k . P h ila d e lp h ia , P A to e s ta b lis h a b r a n c h o ffic e a t 1 4 0 8 O ld Y o r k R o a d ,
A b in g to n M o n tg o m e r y C o , P A , p u r s u a n t to S e c tio n 9 o f t h e F e d e r a l R e s e r v e A c t.
N e w s p a p e r c o m m e n t p e r io d e x p ire s :
1 /2 0 /9 7
F ir s t R e p u b lic B a n k . P h ila d e lp h ia , P A to e s ta b lis h a b r a n c h o ffic e a t G e r m a n t o w n P ik e a n d
S w e d e R o a d , E a s t N o r r i to n T o w n s h ip , M o n tg o m e r y C o , P A , p u r s u a n t to S e c tio n 9 o f t h e
F e d e r a l R e s e r v e A c t.
N e w s p a p e r c o m m e n t p e r io d e x p ire s :
1 /2 0 /9 7
S E C T IO N H - A P P L IC A T IO N S R E C E IV E D A N D S U B JE C T T O B O T H N E W S P A P E R
A N D F E D E R A L R E G IS T E R N O T IC E
NONE
S E C T IO N H I - A P P L IC A T IO N S R E C E IV E D A N D S U B JE C T T O F E D E R A L
R E G IS T E R N O T IC E O N L Y
NONE
S E C T IO N I V - A P P L IC A T IO N S R E C E IV E D A N D N O T S U B JE C T T O F E D E R A L
R E G IS T E R N O T IC E O R N E W S P A P E R
U S B a n c o r p . J o h n s t o w n , P A r e q u e s t r e lie f fr o m a c o m m itm e n t m a d e in c o n n e c tio n w i t h its
p u r c h a s e o f a b r a n c h in O c to b e r 1991.
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
T h e follow ing institutions w e re exam ined fo r CRA . T h e 30-business day p e rio d th e b a n k h a s to m ak e
th e ev a lu a tio n pu b lic h as lap sed d u rin g th e w e e k en d in g Jan u a ry 10, 1997.
Identification o f Ratings
In co n nection w ith th e assessm ent o f each insured d ep o sito ry in stitu tio n 's C R A p erfo rm an c e, a ra tin g
is assig n ed fro m th e fo llo w in g g ro u p s:
Outstanding record o f m eeting community credit needs.
A n institution in this g ro u p h as an o u tsta n d in g re c o rd of, and is a le a d e r in, a sc e rta in in g an d h elp in g
t o m e e t th e cre d it n e e d s o f its e n tire d elin ea te d co m m u n ity , including lo w - an d m o d e ra te -in c o m e
n eig h b o rh o o d s, in a m an n er c o n siste n t w ith its re so u rc e s an d capabilities.
Satisfactoiy record o f meeting community credit needs.
A n in stitu tio n in th is g ro u p h as a sa tisfa c to ry re c o rd o f asc ertain in g and h elp in g to m e e t th e c re d it
n eeds o f its e n tire d e lin e a te d co m m u n ity , including lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s , in a
m an n er co n siste n t w ith its re so u rc e s an d capabilities.
Needs to improve record o f m eeting community credit needs.
A n in stitu tio n in th is g ro u p n e e d s t o im p ro v e its o v erall re c o rd o f asc e rta in in g a n d h elp in g to m eet
th e c re d it n e e d s o f its en tire d elin ea te d co m m u n ity , including lo w - an d m o d e ra te -in c o m e
n e ig h b o rh o o d s, in a m an n er co n sisten t w ith its re so u rc e s an d capabilities.
Substantial noncom pliance in m eeting community credit needs.
A n institution in tla s g ro u p h as a substantially deficient re c o rd o f asc ertain in g a n d h e lp in g to m e e t th e
credit needs o f its en tire delineated co m m unity, in clu d in g lo w - an d m o d e ra te -in c o m e n eig h b o rh o o d s,
in a m an n er co n siste n t w ith its re s o u rc e s an d capabilities.
Bank/Location
Examination Date
CRA R atine
NONE
NONE
NONE
A P P L IC A T IO N S B U L L E T IN
(F o r the week ending January 11, 1997)
S E C T IO N I - A P P L IC A T IO N S S U B JE C T T O N E W S P A P E R N O T IC E O N L Y
Received Section 3A1 notification from Hindman Bancshares, Inc.,
Hindman, KY on January 10, 1997, to acquire Bank o f Hindman,
Hindman, KY.
S E C T IO N n
* January 23, 1997
- A P P L IC A T IO N S S U B JE C T T O B O T H N E W S P A P E R A N D F E D E R A L
R E G IS T E R N O T IC E
Received Section 3(a)(5) application from Park National Corporation,
*F: February 10, 1997
Newarrk, OH on February 8, 1997, to acquire First Knox Banc Corp.,
Mount Vernon, OH.
Received Notice o f Change in Bank Control filed by Ms. Barbara
Dunlap on February 10, 1997, o f her intent to acquire up to
44.520 percent o f the outstanding voting shares o f New Richmond
Bancorporation, New Richmond, OH.
S E C T IO N m
*N: February 1, 1997
- A P P L IC A T IO N S S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O N L Y
NONE
S E C T IO N IV - A P P L IC A T IO N S N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E
O R N E W S P A P E R N O T IC E
Received notice from Mellon Bank Corporation, Pittsburgh, Pennsylvania, o f its intent to redeem
all outstanding shares o f its 8.50 percent Series J Preferred Stock with a redemption date o f
February 18, 1997.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(January 10, 1997)
The following state member banks have been examined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended January 10, 1997. If you
are interested in obtaining a copy o f 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 o f 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 o f ascertaining and
helping to meet the credit needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated community, including
low - and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire delineated.community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Iron and Glass Bank
1114 East Carson Street
Pittsburgh, PA 15203-1187
Rating: Satisfactory
Exam Date: 9-9-96
Disclosure Date: 1-9-97
RSSD#: 38526
Federal Reserve Bank of Richmond
S ectio n
I
- A p p lic a tio n s
N o tic e
S u b ject
t o N e w sp a p e r
O n ly
A p p lic a tio n
Comment P e r i o d E n d i n g D a t e
None.
S e ctio n
II_ -
A p p lic a tio n s
N e w s p a p e r an d F e d e r a l
S u b ject
Comment P e r i o d E n d i n g D a t e
Community C a p i t a l
South C a r o l in a ,
shares
B a rn w e ll,
B oth
R e g is te r N o tice
Ap p l i g a t i o n
vo tin g
to
C o rp o ratio n ,
to
acq u ire
o f Bank o f
Greenwood,
100% o f
B ar n w e ll
S ou th C a r o l i n a ,
the
C ou n ty,
an o r g a n i z i n g
b a n k .*
2 -4 -9 7 **
Community C a p i t a l
S ou th C a r o l i n a ,
v o tin g
shares
to
of
S ou th C a r o l i n a ,
C o rp o ratio n ,
acq u ire
to
shares
F irst
of
B ru nsw ick,
FCFT,
acq u ire
acq u ire
C h a rlo tte ,
100% o f
Federal
B e lto n ,
S a v in gs
S e ctio n
N orth
Bank o f
G e o r g ia .*
West V i r g i n i a ,
the v o t in g
Sparta,
2 -4 -9 7 **
the v o tin g
B ru nsw ick,
P rin ceto n ,
100% o f
R i d g e Bank,
the
B e lto n ,
an o r g a n i z i n g b a n k . *
G e o r g ia ,
In c .,
100% o f
The Bank o f
N ation sB an k C o r p o r a tio n ,
C a ro lin a ,
Greenwood,
shares
2-10 -9 7
to
o f B lu e
N orth C a r o l i n a . *
III
- A p p lic a tio n s
2-10 -9 7**
S u b ject
A p p lica tio n
to
Fed eral R e g is te r N o tic e
Comment P e r i o d E n d i n g D a t e
None.
S e c tio n
IV
- A p p l i c a t i o n Not S u b je c t
F ederal R e g is te r N o tice
Ap p l i c a t i o n
B l u e R i d g e Bank,
f o r membership i n
S y s te m .
S p arta,
the
N orth C a r o lin a ,
F ed eral Reserve
to
o r N e w sp a p e r N o t i c e
Summit F i n a n c i a l
S outh C a r o l in a ,
C o rp o ratio n ,
to
a cq u ire
C i t y V i e w F i n a n c e Company,
S outh C a r o l in a ,
Company,
is
♦ ♦ E x p ir a ti o n o f
the a s s e ts
In c .,
of
C o lu m b i a ,
and W i l l i a m s b u r g F i n a n c e
K in g stre e ,
♦ A p p lica tio n
G re e n ville ,
South C a r o l i n a .
su b je c t
to
CRA r e q u i r e m e n t s .
comment p e r i o d a s
sp e cifie d
in
th e
Federal R e g is te r .
Federal Reserve Bank of Richmond
S e ctio n V - A v a i la b i l i t y
of
CRA P u b l i c
Week e n d i n g J a n u a r y 1 0 ,
D e fin itio n
r e c o r d o f m e e t i n g com m unity c r e d i t
An i n s t i t u t i o n
a sc e rta in in g
co m m unity,
S a tisfa c to r y
in
its
Needs
its
to
in
t o m eet t h e
low -
th is
low -
c re d it
record o f,
needs o f
ta in in g
S u b sta n tia l
needs o f
its
en tire
record o f
d e lin e a te d
ta in in g
th is
its
in
group needs
t o m eet t h e
low -
lo w -
resources
a sc e r ta in in g
and
co m m unity,
to
cre d it
im p r o v e
its
needs o f
needs.
o ve ra ll
its
e n tire
record of
ascer
d e lin e a te d
an d m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
resources
th is
an d h e l p i n g
in clu d in g
a manner c o n
i n a manner c o n s i s t e n t
in
a manner
an d c a p a b i l i t i e s .
n o n c o m p l i a n c e i n m e e t i n g com m unity c r e d i t
An i n s t i t u t i o n
needs.
group has a s u b s t a n t i a l l y d e f i c i e n t
t o m eet t h e
c r e d i t needs o f
its
an d m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
e n tire
record o f
ascer
d e lin e a te d
com m unity,
i n a manner c o n s i s t e n t w i t h
an d c a p a b i l i t i e s .
E xam in ation
D ate
Raking
The G e o r g e Mason Bank
1 1 8 5 M ain S t r e e t
F a ir fa x ,
Bank o f
V irgin ia
2 2 0 3 0 -5 0 8 7
9 -16 -9 6
S a tisfa c to ry
10 -7-9 6
S a tisfa cto ry
10 -7-9 6
S a tisfa c to ry
C a rro ll
1 4 5 N o r t h M ain S t r e e t
H ills v ille ,
V irgin ia
F & M B an k-K eyser,
24 34 3-14 35
In c.
87 N o r t h M ain S t r e e t
K eyser,
West V i r g i n i a
in ,
and c a p a b i l i t i e s .
in clu d in g
c o n s is te n t w ith
in
a le a d e r
d e lin e a te d
needs.
group has a s a t i s f a c t o r y
c r e d it
and h e l p i n g
com m unity,
an d i s
e n tire
and c a p a b i l i t i e s .
i m p r o v e r e c o r d o f m e e t i n g com m unity c r e d i t
in
its
and m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
and m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
resources
An i n s t i t u t i o n
its
g r o u p h a s an o u t s t a n d i n g
resources
t o m eet t h e
in clu d in g
needs.
r e c o r d o f m e e t i n g com m unity c r e d i t
An i n s t i t u t i o n
w ith
th is
and h e l p i n g
in clu d in g
w ith
h e lp in g
1997
o f R atin g s
O u tstan d in g
s iste n t
E v a lu a tio n s
26726
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 10f 1997
S e c tio n
1
- A p p lic a tio n s
S u b ject
t o N ew spap er N o t i c e . O n l y
Ap p l i c a t i o n
Comment P e r i o d E n d in g D a te
The P e o p l e s Bank & T r u s t Company
S elm a, Alabam a
To e s t a b l i s h a b r a n c h l o c a t e d a t 3 7 9 1 H ighway 1 4 ,
0 1-18 -9 7 *
M illb ro o k ,
U n i t e d A m er ic an Bank o f C e n t r a l F l o r i d a
O r la n d o , F l o r i d a
To e s t a b l i s h a b r a n c h l o c a t e d a t 200 E. M i c h i g a n A v e n u e ,
known a s t h e S o u th O r la n d o O f f i c e .
A labam a.
0 1-12 -9 7 *
O r la n d o ,
F lo rid a ,
t o be
S e c t i o n 2 - A p p l i c a t i o n s S u b j e c t t o B o th
Newspaper and F e d e r a l R e g i s t e r N o t i c e
App l i c a t i o n
Comment P e r i o d E n d in g D a te
Cumberland B a n c o rp , I n c .
0 2 -10 -9 7*
C arthage, Tennessee
Federal R e g is te r
To a c q u i r e F i r s t F e d e r a l B a n c s h a r e s , I n c . , Memphis, T e n n e s s e e , and t h e r e b y a c q u i r e
i t s s u b s i d i a r i e s , The Com mercia l Bank, N a s h v i l l e , T e n n e s s e e (t h e s u c c e s s o r t o
F i r s t F e d e r a l Bank, F . S . B . , N a s h v i l l e , T e n n e s s e e ) and F i r s t F e d e r a l Bank, Memphis,
Tennessee
(t h e s u c c e s s o r t o F i r s t F e d e r a l Bank,
F .S .B .,
Memphis, T e n n e s s e e ,
p u r s u a n t t o S e c t i o n 3 ( a ) (3) o f t h e Bank H o l d i n g Company A c t .
S e c tio n
3 - A p p li c a t i o n s
A p p lica tio n
S u b ject
to
Feder a l
R e g i s t e r O n ly
Comment P e K ig d Endin g,,, p a t Q
S y n o v u s F i n a n c i a l C o rp .
02-04-97
Columbus, G e o r g i a
A l o n g w i t h i t s p a r e n t company, TB&C B a n c s h a r e s , I n c . , Columbus, G e o r g i a , and i t s
s u b s i d i a r i e s , T o t a l S y s te m s S e r v i c e s , I n c . , and V i t a l P r o c e s s i n g S e r v i c e s , L . L . C . ,
t o e n g a g e de novo t h r o u g h a j o i n t v e n t u r e w i t h G o ld e n R e t r i e v e r S y s te m s Group,
I n c . , C h a n d l e r , A r i z o n a , i n p r o v i d i n g c o m p r e h e n s iv e i n f o r m a t i o n management and
r e p o r t i n g s e r v i c e s f o r t h e b a n k c a r d i n d u s t r y , p u r s u a n t t o S e c t i o n 2 2 5 . 2 5 (b) (7) o f
R e g u l a t i o n Y and S e c t i o n 4 ( c ) (8) o f t h e Bank H o l d i n g Company A c t .
The a c t i v i t i e s
w i l l be c o n d u c t e d t h r o u g h a new company t o be fo rm ed, G o ld e n R e t r i e v e r S y s t e m s ,
L . L . C . , C h a n d le r , A r i z o
♦ S u b je c t t o p r o v i s i o n s
of
the
Community R e i n v e s t m e n t A c t .
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 10, 1997
S e c t i o n 4 - A p p l i c a t i o n s Not S u b j e c t t o
F e d e r a l R e g i s t e r N o t i c e o r Newspaper N o t i c e
A p p lica tio n
Cumberland B a n c o r p , I n c .
C arthage, Tennessee
Commitment w a i v e r r e q u e s t .
F e d e r a l R e s e r v e Bank.s i , A t la n t a
Applications Bulletin for Week Ending January 10,1997
S e ctio n
10
- A v a ila b ility
o f _CRA__.Pub2ic._£y^
The CRA p u b l i c e v a l u a t i o n s o f t h e i n s u r e d d e p o s i t o r y i n s t i t u t i o n s l i s t e d b e lo w
becam e a v a i l a b l e d u r i n g t h i s week.
I n f o r m a t i o n a b o u t an i n s t i t u t i o n ' s
CRA
e v a l u a t i o n may b e o b t a i n e d d i r e c t l y from t h e i n s t i t u t i o n .
In c o n n e c t i o n w i t h t h e
a s s e s s m e n t o f an i n s t i t u t i o n ' s CRA p e r f o r m a n c e , a r a t i n g i s a s s i g n e d from t h e
fo llo w in g groups:
O u t s t a n d i n g r e c o r d o f m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n h a s an
o u t s t a n d i n g r e c o r d o f , and i s a l e a d e r i n , a s c e r t a i n i n g and h e l p i n g t o meet t h e
c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d comm unity, i n c l u d i n g l o w - and m o d e r a t e income n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
S a t i s f a c t o r y r e c o r d o f m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n h a s a
s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t n e e d s o f i t s
e n t i r e d e l i n e a t e d community, i n c l u d i n g l o w - and m o d e r a t e - i n c o m e n e i g h b o r h o o d s , i n
a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
Needs t o im prove r e c o r d o f m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n n e e d s
t o im prove i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t n e ed s
of
its
en tire
d e lin e a te d
community,
in c lu d in g
lo w and
m oderate-incom e
n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
S u b s t a n t i a l n o n c o m p lia n c e i n m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n h a s
a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t
n e e d s o f i t s e n t i r e d e l i n e a t e d community,
i n c l u d i n g l o w - and m o d e r a t e - i n c o m e
n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
Bank
CRA R a t i n g
F i r s t S t a t e Bank o f
B ib b C o u n ty
P o s t O f f i c e Box 188
West B l o c t o n , Alabama 35184
(2 0 5 ) 9 3 8 - 7 8 8 1
S a tis fa c to r y
0 8 -19-96
F i r s t Bank o f Boaz
P o s t O f f i c e Box 75 7
B o a z , Alabama 35957
( 2 0 5 )5 9 3 -8 6 7 0
S a tisfa c to ry
0 9 -3 0 -9 6
D a te
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 10, 1997
Rg qq n t ; l y , App r o v e d .Appl i g a t i o n s
A p p ro va l Date
The C o l o n i a l BancGroup, I n c .
0 1-10 -9 7
Montgomery, Alabama
To merge w i t h D/W B a n k s h a r e s , I n c . , D a l t o n , G e o r g i a , and t h e r e b y d i r e c t l y a c q u i r e
D a l t o n / W h i t f i e l d Bank & T r u s t , D a l t o n , G e o r g i a , p u r s u a n t t o S e c t i o n 3 (a ) (5) o f t h e
Bank H o l d i n g Company A c t .
R egions F i n a n c i a l C o r p o r a tio n
0 1-0 6 -9 7
Birmingham, Alabama
To a c q u i r e F i r s t B a n c o rp , I n c . , Panama C i t y , F l o r i d a , and i t s s u b s i d i a r y ,
F irstB an k ,
Panama C i t y ,
F lo rid a ,
and t h e r e b y e n g a g e i n o p e r a t i n g a
a s s o c i a t i o n , p u r s u a n t t o S e c t i o n 2 2 5 . 2 5 ( b ) (9) o f R e g u l a t i o n Y and S e c t i o n
o f t h e Bank H o l d i n g Company A c t .
I n t e r v e s t Bancshares C o rp o r a tio n
0 1-0 7-9 7
New Y o rk , New York
Change i n c o n t r o l b y Mr. Jerome D a n sk e r t o a c q u i r e 3 3 . 3 p e r c e n t o f t h e
Common S t o c k o f I n t e r v e s t B a n c s h a r e s C o r p o r a t i o n , New Y o r k , New Y o r k .
I n t e r v e s t Bank
0 1-0 6 -9 7
C learw ater, F lo rid a
To e s t a b l i s h a b r a n c h l o c a t e d a t 6750 G u l f p o r t B o u l e v a r d , S o u th P a s a d e n a ,
F lo rid a
savin gs
4 ( c ) (8)
C lass
B
F lo rid a.
Federal Reserve Bank o f Chicago
S e c tio n I - A p p licatio n s S u b je c t to N e w sp a p e r
Notice .Only
C om m ent
Period
B IS
B ra n d i
A p p lic a tio n
F irs t B an k & T ru s t o f E v a n sto n
N P -1 -1 3 -9 7
E v a n sto n , Illin o is
2 9 2 5 C e n tra l S tre e t
E v a n sto n , Illin o is
B ra n c h
F irs t A m e ric a n B an k
C a rp e n te rv ille , Illin o is
N o rth e a st C o m e r o f R an d all R o a d an d G le n e a g le D riv e
G e n ev a, Illin o is
N P - 1-13-97
B ra n c h
R o y al A m e ric a n B an k
In v e rn e ss, Illin o is
O n e T iffa n y P o in te
B lo o m in g d ale , Illin o is
N P -1 -3 1 -9 7
M e rg e r & B ra n c h
L a S alle S tate B an k
L a S alle, Illin o is
C o m m u n ity B an k o f U tic a
U tic a , Illin o is
100 M ill S tre e t
U tic a , Illin o is
N P - **
M em ber
M ic h ig a n H e rita g e B an k
N o v i, M ic h ig a n (in o rg a n iz atio n )
T o b e c o m e a m e m b e r o f th e F e d e ra l R e se rv e S y stem
N P - N e w sp a p e r
F R - F e d e ra l R e g iste r
* - S u b je c t to P ro v isio n s o f C o m m u n ity R ein v e stm e n t A c t
** - N o t a v a ila b le a t th is tim e
N P - **
Federal Reserve Bank o f Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Comment
Period
Ending Date
Type
Application
3(a)(1)
AmeriMark Financial Corporation.*
Oak Brook, Illinois
Duco Bancshares, Inc.
Villa Park, Illinois
Bank o f Illinois in DuPage
Villa Park, Illinois
3(a)(3)
FR - 01-6-97
Security National Corporation*
NP - 1-12-97
Sioux City, Iowa
Security National Bank o f South Dakota (in organization)
Dakota Dunes, South Dakota
3(a)(3)
Heartland Financial USA, Inc.*
Dubuque, Iowa
Cottage Grove State Bank
Cottage Grove, Wisconsin
3(a)(1)
Vermilion Bancorp, Inc.*
Danville, Illinois
American Savings Bank o f Danville
Danville, Illinois
3(a)(1)
3(a)(1)
Michigan Heritage Bancorp, Inc.*
Novi, Michigan
Michigan Heritage Bank (in organization)
Novi, Michigan
Iron Horse Bancshares, Inc.*
Mazomanie, Wisconsin
The Peoples State Bank o f Mazomanie, Wisconsin
Mazomanie, Wisconsin
FR -12-20-96
NP -1 -12-97
FR - 01-15-97
NP - 01-13-97
FR - 1-24-97
NP - **
FR - 1-24-97
NP - **
FR - 1-21-97
NP - 1-13-97
Federal Reserve Bank o f Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Comment
Period
Ending Date
Type
Application
COC-HC
APM Bancorp, Inc.
Buffalo, Iowa
By James A. Matthys
FR - 1-10-97
NP - **
3(a)(1)
Vanderbilt Holding Company, Inc.*
Fairfax, Iowa
Fairfax State Savings Bank
Fairfax, Iowa
FR - 1-24-97
NP - **
3(a)(1)
County Bancorp, Inc.*
Manitowoc, Wisconsin
Investors Community Bank
Manitowoc, Wisconsin (in organization)
FR - 1-27-97
NP - **
3(a)(3)
Amcore Financial, Inc.*
Rockford, Illinois
First National Bancorp, Inc.
Monroe, Wisconsin
First National Bank and Trust
Monroe, Wisconsin
FR - 1-24-97
NP - 1-19-97
3(a)(3)
First Financial Bancorporation*
Iowa City, Iowa
West Branch Bancorp, Inc.
West Branch, Iowa
West Branch State Bank
West Branch, Iowa
FR - 02-3-97
NP - **
COC-HC
La Salle Bancorp, Inc.
La Salle, Illinois
By Gerald F. Fitzgerald, Jr., Julie F. Schauer,
Thomas G. Fitzgerald, Marshall Kiel, Neal E. Kitchell
PR _ **
NP - **
Federal Reserve Bank of Chicago
Section IT - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
3(a)(1)
Damen Financial Corporation*
Schaumburg, Illinois
Damen National Bank
Schaumburg, Illinois
FR - 2-7-97
N p _ **
3(a)(3)
Firstbank o f Illinois Co.*
Springfield, Illinois
BanCentrel Corporation
Champaign, Illinois
Central National Bank o f Mattoon
Mattoon, Illinois
PR _ **
NP _ **
Section III - Applications Subject to Federal Register
Notice Only cont’d
Comment Period
Ending Date
Type
Application
4(c)(8)
Bank o f Montreal
Toronto, Canada
Cebra, Inc.
Toronto, Canada
FR - 1-16-97
4(c)(8)
AmeriMark Financial Corporation
Oak Brook, Illinois
Banill Corporation
Villa Park, Illinois
FR - 12-20-96
Section IV - Applications Not Subject to Federal Register or Newspaper Notice
Type
Application
ROS
La Salle Bancorp, Inc.
La Salle. Illinois
To redeem 16,472 shares o f outstanding common
stock
Federal Reserve Bank o f Chicago
Section V - Availability o f CRA Public Evaluations
The following state member banks have been examined by the Federal Reserve Bank o f Chicago for
compliance with the CRA. The 30-business day period the bank has to make the evaluation public has
lapsed during the week ending January 10, 1997. If you are interested in obtaining a copy o f the
evaluation document, please contact the bank(s) directly.
Identification o f 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 o f 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 o f ascertaining and
helping to meet the credit needs o f its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
N I-
An institution in this group has a needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
SN -
An institution in this group has a substantial noncompliance record o f
ascertaining and helping to meet the credit needs o f its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilies.
BANK.NAME/.LOCATION
EXAMINATION DATE
RATINGS
American Midwest Bank & Trust
1600 West Lake Street
Melrose Park, Illinois 60160
(708) 681-8600
Farmers State Bank
401 Main Street
P.O. Box 428
Lake View , Iowa 51450-0428
(712) 657-825
9/16/96
S
Federal Reserve Bank of St. Louis
FOR THE W EEK ENDING JANUARY 1 0 ,1 9 9 7
SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE
Application
End o f Comment Pterind
None.
SECTION H - APPLICATIONS SUBJECT TO BOTH
NEW SPAPER AND FEDERAL REGISTER NOTICE
A pplication
End of Comment Period
* Section 3(a)(3) application by Marshfield
Investment Company, Springfield, M issouri,
to acquire Metropolitan Bancshares, Inc.,
Springfield, M issouri.
Newspaper: 2-10-97
SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
N one.
SEC TIO N IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEW SPAPER NOTICE
Application
N one.
* This appfication/notification is subject to CRA.
End o f Comment Period
FEDERAL RESERVE BANK OF ST, LOUIS
FOR THE WEEK ENDING January 1 0 ,1 9 9 7
SECTION V - AVAILABILITY O F CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
i
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 o f ascertaining and helping to meet the credit
needs o f its entire delineate! 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 meet
the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
^1
^^1'
Rflnlr
" lUnUU |
Baltic
D ate
None
. R ating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
Security State Bank & Trust Company, Poison, Montana
to establish a branch in Poison, Montana. *
February 5,1997
* Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
G.B. Financial Services, Inc., Greenbush, Minnesota
for prior approval to acquire 100% of the voting shares
of the Border Bancshares, Inc., Greenbush, Minnesota. *
Not yet available
Norwest Corporation, Minneapolis, Minnesota for prior
approval to acquire 100% of the voting shares of the Farmers
National Bancorp, Inc., Geneseo, Illinois. *
Not yet available
River Falls Bancshares, Inc., River Falls, Wisconsin for prior
Not yet available
approval to become a bank holding company through the acquisition
of 99.18% of the voting shares of River Falls State Bank, River Falls, Wisconsin. *
* Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Application
Comment Period
Ending Date
Norwest Corporation, Minneapolis, Minnesota and Norwest
Financial Services, Inc., Des Moines, Iowa, to engage in
automobile financing through the acquisition of Reliable
Financial Services, Inc., San Juan, Puerto Rico.
Not yet available
Norwest Corporation, Minneapolis, Minnesota and Norwest
Financial Services, Inc., Des Moines, Iowa to engage in consumer
finance and the sale, on an agency basis, of credit life and credit
accident, health and property insurance through the acquisition
of The United Group, Inc., Charlotte, North Carolina.
January 24,1997
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
w e ek en d in g J a n u a r y 1 0 ,1 9 9 7
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.
BANKYS^ E X A M I N E D
DATE OF EXAMINATION
CRA RATING
Grand Rapids State Bank
P.O. Box 409
Grand Rapids, MN 55744-0409
(218) 328-9414
September 23, 1996
Satisfactory
Ravalli County Bank
224 Pickney Street
P.O. Box 113
Hamilton, MT 59840
(406) 363-1222
September 30, 1996
Satisfactory
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 10,1997
(Continued)
BANKAS') EXAMINED
DATE OF EXAMINATION
CRA RATING
State Bank of Terry
P.O. Box 6
Terry, MT 59349-0006
(406) 266-3176
September 30,1996
Satisfactory
KANSAS CITY RESERVE BANK APPLICATIONS AND REPORTS RECEIVED
SECTIO N I - APPLICATIONS S U B JE C T T O NEWSPAPER N O TICE ONLY
APPLICATION
C O M M E N T PERIOD ENDING D A TE
None.
SECTIO N II - AP PLICATIO N S S U B JE C T T O BOTH
NEWSPAPER AN D FEDERAL REGISTER NO TICE
APPLICATION
C O M M E N T PERIOD ENDING D A TE
Intra Financial Corporation, Clyde, Kansas, for prior
approval to acquire 100 percent of the voting shares of
Farmers State Bancshares of Sabetha, Inc., Clyde,
Kansas.*
Not Available
BOK Financial Corporation, Tulsa, Oklahoma, for
prior approval to acquire 100 percent of the voting
shares of First TexCorp, Inc., Dallas, Texas.*
February 3, 1997
SECTION III - APPLICATIONS S U B JE C T T O FEDERAL REGISTER N O TICE ON LY
APPLICATION
C O M M E N T PERIOD ENDING D A TE
None.
S ECTIO N IV - APPLICATIONS N O T S U B JE C T T O FEDERAL REGISTER N O TICE
OR NEWSPAPER N O TICE
APPLICATION
None.
SEC TIO N V - AV A ILA B ILITY O F CR A PUBLIC E V A LU A TIO N S
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 lowand moderate-income neighborhoods, in a manner consistent with its resources mid
capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Bank/Location
CRA
Exam Date
Peoples Bank
10/7/96
P.0. Box B
Pratt, Kansas 67124-1102
•Application is subject to CRA.
Public
Date
01/07/97
CRA
Rating
Satisfactory
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
A P P L IC A T IO N S AND N O T IF IC A T IO N S F I L E D D URING T H E WEEK O F JA N U A R Y 6 , 19 9 7
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
A P P L IC A T IO N
N O T IC E EX P
* S e c t i o n 9 a p p l i c a t i o n r e c e iv e d fro m
Bank o f th e W e s t, E l P a s o , T X , t o e s t a b l i s h a b ra n ch a t
10400 Montwood D r i v e , E l P a s o , T X 79935
9 7/0 1/18
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
A P P L IC A T IO N
* * N O T IC E EX P
* S e c t i o n 3 ( a ) ( 1 ) a p p l i c a t i o n by
W aggoner N a t io n a l B a n c s h a re s , I n c . ,
t o a c q u ir e Vernon B a n c s h a re s . I n c . ,
Th e Waggoner N a tio n a l B a n k , V e rn o n ,
( P r e v i o u s l y r e p o r te d d u r in g t h e week
V e rn o n , T X ,
D o v e r , D E , and
TX
o f 1 2 -2 3 -9 6 )
* S e c t i o n 3 ( a ) ( 1 ) a p p l i c a t i o n by
Vernon B a n c s h a re s , I n c . , D o v e r , D E , t o a c q u ir e
The Waggoner N a tio n a l B a n k , V e rn o n , T X
( P r e v i o u s l y r e p o r te d d u r in g t h e week o f 1 2 -2 3 -9 6 )
9 7/0 1/2 3
9 7/0 1/2 3
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
A P P L IC A T IO N
N O T IC E EX P
None.
SECTION IV • APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
A P P L IC A T IO N
N o ne.
S U B JE C T TO C RA.
* * E X P IR A T IO N D ATE IS T H E D ATE S P E C I F I E D IN T H E NEW SPAPER N O T IC E O N L Y .
N /A - NOT A V A IL A B L E A T T H IS T I M E .
S E C T IO N V - A V A I L A B I L I T Y O F CRA P U B LIC E V A LU A T IO N S
EQR .THE WEEK_QF JANUARY 6, 1997
O u ts ta n d in g r e c o rd o f m e e tin g com m unity c r e d i t n e e d s .
An i n s t i t u t i o n i n t h i s g ro u p has an o u ts ta n d in g r e c o r d o f , and i s a
le a d e r i n , a s c e r t a in in g and h e lp in g t o m eet th e c r e d i t needs o f i t s
e n t i r e d e lin e a te d c o m m u n ity, in c lu d in g lo w - and m o d e ra te -in c o m e
n e ig h b o rh o o d s , in a manner c o n s is t e n t w it h i t s r e s o u rc e s and
c a p a b ilitie s .
S a t i s f a c t o r y r e c o r d o f m e e tin g com m unity c r e d i t n e e d s .
An i n s t i t u t i o n in t h i s g ro u p has a s a t i s f a c t o r y r e c o rd o f a s c e r t a i n i n g
and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e d e lin e a te d c o m m u n ity,
in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a manner c o n s is t e n t
w ith i t s re s o u rc e s and c a p a b i l i t i e s .
Needs t o Im p ro ve r e c o rd o f m e e tin g com m unity c r e d i t n e e d s .
An i n s t i t u t i o n in t h i s g ro u p need t o im p ro ve i t s o v e r a l l r e c o rd o f
a s c e r t a in in g and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e
d e lin e a te d c o m m u n ity, in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s ,
in a manner c o n s is t e n t w ith i t s re s o u rc e s and c a p a b i l i t i e s .
S u b s t a n t ia l N o n co m p lia n ce i n m e e tin g com m unity c r e d i t n e e d s.
An i n s t i t u t i o n in t h i s g ro u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f
a s c e r t a in in g and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e
d e lin e a te d co m m u n ity, in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s ,
in a manner c o n s is t e n t w ith i t s r e s o u rc e s and c a p a b i l i t i e s .
Rank
Bank o f H o u sto n
5 1 1 5 M ain S t r e e t
P . 0 . Box 8306
H o u s to n , Te x a s 772 8 8
RSSD# 647656
D a te o f
E x a m in a tio n
9 6 /0 9 /2 3
CRA R a tin g
S a tis fa c to ry
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS APPROVED DURING THE WEEK OF JANUARY 6. 1997
A P P L IC A T IO N
D ATE
S e c tio n 3 ( a ) (3 a p p l i c a t io n by
F i r s t B a ir d B a n c s h a re s , I n c . , B a i r d , T X , t o a c q u ir e
Th e Oklahom a N a tio n a l Bank o f D u n can , D u n can , OK
9 7/0 1/0 8
S e c tio n 3 ( a ) ( 3 ) a p p l i c a t i o n by
F i r s t B a ir d B a n csh ares o f D e la w a re , I n c . , D o v e r , D E , t o
a c q u ir e The Oklahom a N a tio n a l Bank o f D u n can , D u n can , OK
9 7/0 1/0 8
S e c tio n 3 ( a ) ( 3 ) a p p l i c a t i o n by
W e a th e rfo rd B a n c s h a re s , I n c . , W e a th e r fo r d , T X , t o a c q u ir e
Th e Oklahom a N a tio n a l Bank o f D un can , D u n can , OK
9 7/0 1/0 8
S e c tio n 3 ( a ) ( 3 ) a p p l i c a t i o n by
F i r s t Pecos B a n c s h a re s , I n c . , M id la n d , T X , t o a c q u ir e
F i r s t N a tio n a l Bank o f F o r t S t o c k t o n , F o r t S t o c k t o n , T X
9 7/0 1/0 8
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week e n d in g 1 / 1 0 / 9 7
S e c tio n I - A p p l i c a t i o n s S u b je c t t o New spaper N o t i c e O n ly
A p p lic a tio n
Comment P e r io d E n d in g D a te
H u m boldt B a n k , E u r e k a , C a l i f o r n i a , t o a c q u i r e .
th ro u g h m e rg e r, t h e G a r b e r v i l l e , C a l i f o r n i a ,
b ra n c h o f f i c e o f F i r s t N a tio n w id e B a n k , F S B ,
San F r a n c i s c o , C a l i f o r n i a . *
N e w s p a p e r:
N o t a v a ila b le
S e c tio n I I - A p p l i c a t i o n s S u b je c t t o B o th
New spaper and F e d e r a l R e g is t e r N o ti c e
Bank S in o P a c , T a i p e i , T a iw a n , t o become a
bank b o ld in g company by a c q u ir in g F a r E a s t
N a t io n a l B a n k , Lo s A n g e le s , C a l i f o r n i a . *
N e w sp a p e r:
N o t a v a ila b le
Fed. Reg.;
1/2 7/9 7
Z io n s B a n c o r p o r a tio n , S a l t L a k e C i t y , U t a h ,
t o m erge w i t h Aspen B a n c s h a re s , I n c . , A s p e n ,
C o lo r a d o . *
N e w spa p er:
N o t a v a ila b le
Fe d R e a .:
2/10 /9 7
Z io n s B a n c o r p o r a tio n , S a l t La k e C i t y , U t a h ,
t o a c q u ir e an o p tio n t o p u rc h a s e 1 9 . 9 p e r c e n t
o f Aspen B a n c s h a re s , I n c . , A s p e n , C o lo r a d o . *
Newspaper;
N o t a v a ila b le
F e d . R e o .:
2 /10 /9 7
Z io n s B a n c o r p o r a tio n , S a l t La k e C i t y , U t a h ,
t o a c q u ir e th ro u g h m e rg e r, P i t k i n C o u n ty Bank &
T r u s t Com pany, A s p e n , C o lo r a d o ; V a l l e y N a tio n a l
Bank o f C o r t e z , C o r t e z , C o lo r a d o ; and V a lC o r
B a n c o r p o r a tio n , C o r t e z , C o lo r a d o . *
N e w spa p er:
N o t a v a ila b le
Fed . Rea.:
2 /10 /9 7
S e c tio n I I I
- A p p l i c a t i o n s S u b je c t t o F e d e r a l R e g is t e r O n ly
Z io n s B a n c o r p o r a tio n , S a l t L a k e C i t y , U t a h ,
t o a c q u ir e C e n te n n ia l S a v in g s B a n k , F . S . B . ,
and E a g le S e r v ic e s C o r p o r a t i o n , b o th o f D u ra n g o ,
C o lo r a d o .
F e d . R e o .:
2/10 /9 7
S e c tio n I V - A p p l i c a t i o n s N o t S u b je c t t o F e d e r a l R e g is t e r N o tic e
o r New spaper N o tic e
None
* S u b je c t t o C R A .
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week e n d in g 1 / 1 0 / 9 7
S e c tio n V - A v a i l a b i l i t y o f CRA P u b l ic E v a l u a t i o n s
T h e CRA p u b l i c e v a lu a t io n s o f t h e i n s t i t u t i o n ( s ) b e lo w became a v a i l a b l e d u r in g t h i s
w e e k . I n fo r m a tio n a b o u t a p a r t i c u l a r i n s t i t u t i o n ’ s CRA e v a l u a t i o n may be o b ta in e d
d i r e c t l y fro m t h e i n s t i t u t i o n .
In s titu tio n
Monarch Bank
Lo c a ti o n
30000 Town C e n te r D r .
Laguna N i g u e l , CA 9 2 6 77 -2 0 4 6
( 7 1 4 ) 49 5 -33 0 0
E x a m in a tio n D a te
9/09/96
*U n d e r t h e r a t i n g syste m an i n s t i t u t i o n ’ s CRA p e rfo rm a n c e
fo llo w in g fo u r r a tin g s :
is
R a t in g *
S a tis fa c to ry
a s s ig n e d one o f th e
O u ts ta n d in g r e c o r d o f m e e tin g com m unity c r e d i t n e e d s :
An i n s t i t u t i o n has an
o u ts ta n d in g re c o rd o f , and i s a le a d e r i n , a s c e r ta in in g and h e lp in g t o m eet th e c r e d i t
needs o f i t s
e n t i r e d e lin e a t e d c o m m u n ity, i n c lu d in g lo w - and m o d e ra te -in c o m e
n e ig h b o r h o o d s , in a manner c o n s is t e n t w it h i t s re s o u rc e s and c a p a b i l i t i e s .
S a t i s f a c t o r y r e c o r d o f m e e tin g com m unity c r e d i t n e e d s :
An i n s t i t u t i o n has a
s a t i s f a c t o r y r e c o rd o f a s c e r t a in in g and m e e tin g t h e c r e d i t needs o f i t s e n t i r e
d e l i n e a t e d co m m u n ity, in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o r h o o d s , in a manner
c o n s is t e n t w it h i t s re s o u rc e s and c a p a b i l i t i e s .
Needs t o Im p ro v e r e c o r d o f m e e tin g com m unity c r e d i t n e e d s : An i n s t i t u t i o n needs t o
im prove i t s o v e r a ll re c o rd o f a s c e r ta in in g and h e lp in g t o m eet th e c r e d i t needs o f i t s
e n t i r e d e lin e a te d c o m m u n ity, in c lu d in g lo w - t o m o d e ra te -in c o m e n e ig h b o rh o o d s ; i n a
manner c o n s is t e n t w it h i t s re s o u rc e s and c a p a b i l i t i e s .
Substantial Noncompliance in m e e tin g com m unity c r e d i t n e e d s :
An i n s t i t u t i o n has a
s u b s t a n t i a l l y d e f i c i e n t re c o rd o f a s c e r ta in in g and h e lp in g t o m eet th e c r e d i t needs o f
i t s e n t i r e d e lin e a t e d c o m m u n ity, in c lu d in g lo w - t o m o d e ra te -in c o m e n e ig h b o r h o o d s , in
a manner c o n s i s t e n t w i t h i t s re s o u rc e s and c a p a b i l i t i e s .
Th e above l i s t i n g has been p re p a re d as a c o u r te s y by t h e F e d e r a l R e s e rv e Bank o f San
F r a n c i s c o , and i s n o t in te n d e d t o r e p la c e fo rm a l n o tic e s r e q u ir e d by s t a t u t e o r
r e g u l a t i o n ; th e R e s e rv e Bank assumes no r e s p o n s i b i l i t y f o r e r r o r s o r o m is s io n s .
@FedFRASER