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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R e s e a r c h library

h *2 ' 1 9 9 5 »

n o

. 2

Actions of the Board, its Staff, and
j
the Federal Reserve Banks;
f B ( 9 3 5 4 1 lpldcations anc* RePorts Received
E
_ During tl% Week Ending January 14, 1995
Of CLEVELAND',J'
' *

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Issues involved in producing the Budget of the United
States Government -- statement by Chairman
Greenspan before a joint hearing of the Senate and
House Committees on the Budget, January 10, 1995.
Published, January 10, 1995.
BANK HOLDING COMPANIES
BNCCORP, Inc., Bismarck, North Dakota -- to acquire
JMS Systems, Inc., and engage in data processing
and data transmission activities.
Approved, January 9, 1995.
First Bancshares of Valley City, Inc., Valley City,
North Dakota -- to acquire Insurance by Strehlow,
Inc., Casselton, North Dakota, and The First State
Bank of Casselton.
Approved, January 11, 1995.
ENFORCEMENT
Genoa Banking Company, Genoa, Ohio -- public
administrative hearing to commence on January 18,
1995, in Toledo, Ohio, in connection with an
enforcement action against Robert L. Hotchkiss, a
former official.
Announced, January 9, 1995.
REGULATIONS AND POLICIES




Rules Regarding Access to Personal Information under
the Privacy Act -- final revisions.
Approved, January 8, 1995.

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JANUARY 9, 1995
PAGE 2

TO

JANUARY 13, 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




Dallas

Citizens Bank and Trust Company of Baytown, Baytown,
Texas -- to establish a branch at 3530 Market
Street.
Approved, January 9, 1995.

Richmond

Enterprise Bank and Trust Company, Winston-Salem,
North Carolina -- to establish a branch at 131 East
Mountain Street, Kernersville, North Carolina.
Approved, January 9, 1995.

Kansas City

First State Bank, Taos, New Mexico -- to establish a
branch facility at the Journal Center Commercial
Business Park, Albuquerque, New Mexico.
Approved, January 13, 1995.

Atlanta

Guaranty Bank and Trust Company, Venice, Florida -to establish a branch at Jacaranda Boulevard and
Indian Hills Avenue.
Approved, January 13, 1995.

Cleveland

Integra Bank/Pittsburgh, Pittsburgh, Pennsylvania -to establish a branch facility at Rite Aid Store
#3367, 5160 Penn Avenue.
Approved, January 11, 1995.

Richmond

Miners and Merchants Bank and Trust Company, Grundy,
Virginia -- to establish a branch at 1897 Lee
Highway, Bristol, Virginia.
Approved, January 13, 1995.

Richmond

Miners and Merchants Bank and Trust Company, Grundy,
Virginia -- to establish a branch at 914 West Main
Street, Abingdon, Virginia.
Approved, January 13, 1995.

Chicago

Northern Trust Company, Chicago, Illinois -- to
establish an offsite electronic facility at
Northwestern University, 619 Clark Street,
Evanston, Illinois.
Returned, January 10, 1995.

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PAGE 3

TO

JANUARY 13, 1995

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

BANK HOLDING COMPANIES




Minneapolis

Aurora Holding Company, Aurora, Minnesota -- to
acquire State Bank of Aurora.
Approved, January 13, 1995.

New York

Banco Santander, S.A., Santander, Spain, and FFB
Participacoes e Servicos, S.A., Funchal, Portugal
-- to acquire up to 30 percent of the voting shares
of First Fidelity Bancorporation, Lawrenceville,
New Jersey, and up to 30 percent of First Fidelity
International Bank, New York, New York, and
Fidelity Overseas Investment, Inc.
Approved, January 13, 1995.

Atlanta

BankAtlantic, F.S.B., Fort Lauderdale, Florida -request for waiver of application to acquire Mega
Bank, Miami, Florida.
Granted, January 13, 1995.

Kansas City

Citizens National Corporation, Wisner, Nebraska -- to
acquire The First National Bank of Attica, Attica,
Kansas.
Approved, January 12, 1995.

St . Louis

CNB Bancshares, Inc., Evansville, Indiana -- to
acquire The Bank of Orleans, Orleans, Indiana.
Approved, January 11, 1995.

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota -- to
acquire the assets of Western Insurance Agency,
Sioux Falls, South Dakota, and engage in insurance
agency activities.
Approved, January 9, 1995.

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota -- to
acquire First Bank Fergus Falls, N.A., Fergus
Falls; First Bank of Grand Rapids, N.A., Grand
Rapids; First Bank Maple Grove, N.A., Maple Grove;
First Bank Minneapolis South, N.A., Minneapolis;
and First Bank St. Cloud, N.A., St. Cloud,
Minnesota.
Approved, January 10, 1995.

St. Louis

First Banks, Inc., Clayton, Missouri -- to acquire
CCB Bancorp, Inc., Santa Ana, California, and
Commercial Center Bank.
Approved, January 13, 1995.

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JANUARY 9, 1995
PAGE 4

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JANUARY 13, 1995

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

BANK HOLDING COMPANIES




Chicago

First Moline Financial Corp. Moline, Illinois -,
request for waiver of application to become a bank
holding company.
Granted, January 9, 1995.

Chicago

Firstar Corporation, Milwaukee, Wisconsin,
Firstar Corporation of Iowa, Des Moines,
to acquire First Moline Financial Corp.,
Illinois, and First Federal Savings Bank
Approved, January 9, 1995.

Chicago

K.B.J. Enterprises, Inc., Omaha, Nebraska -- release
from a commitment pertaining to nonvoting preferred
stock and Sibley State Bank, Sibley, Iowa.
Returned, January 11, 1995.

Chicago

Marshall & Ilsley Corporation, Milwaukee, Wisconsin
-- to acquire 24.9 percent of the voting shares of
Financial Services Corporation of the Midwest, Rock
Island, Illinois, and Rock Island Bank.
Approved, January 13, 1995.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -- to
acquire Independent Bancorp of Arizona, Inc.,
Phoenix, Arizona.
Approved, January 12, 1995.

Chicago

Prairie Financial Corporation, Bridgeview, Illinois
-- to acquire Prairie Bank and Trust Company.
Approved, January 11, 1995.

Minneapolis

Security State Agency of Aitkin, Inc., Aitkin,
Minnesota -- to engage in general insurance agency
activities through Norshor Agency, Inc., Grand
Marais, Minnesota.
Approved, January 12, 1995.

Cleveland

Star Banc Corporation, Cincinnati, Ohio - - t o engage
in consumer finance lending activities through a
wholly owned subsidiary.
Permitted, January 9, 1995.

and
Iowa -Moline,
of Moline.

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JANUARY 13, 1995

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

BANK HOLDING COMPANIES
GC

Sumitomo Trust & Banking Co., Ltd., Osaka, Japan -determination that sale of certain property
constitutes divestiture.
Granted, January 11, 1995.

Atlanta

Synovus Financial Corp., Columbus, Georgia, and TB&C
Bancshares, Inc. -- to acquire Sumbank Life
Insurance Company, Columbia, South Carolina.
Approved, January 12, 1995.

St. Louis

Wes-Tenn Bancorp, Inc., Covington, Tennessee -- to
acquire West Tennessee Financial Corporation,
Selmer, Tennessee, and Community Bank of West
Tennessee.
Approved, January 10, 1995.

BANK MERGERS




Minneapolis

First Interstate Bank of Commerce, Billings,
Montana -- to purchase the assets and assume the
liabilities of First Citizens Bank of Bozeman,
Bozeman, Montana, and to establish a branch at
2800 West Main Street.
Approved, January 12, 1995.

Secretary

South Trust Bank of West Florida, St. Petersburg,
Florida -- to acquire the assets and assume the
liabilities of the Tampa and New Port Richey,
Florida, branches of Anchor Savings Bank, F.S.B.,
Hewlett, New York, and to establish branches.
Approved, January 11, 1995.

Richmond

Triangle East Bank, Raleigh, North Carolina -- to
merge with Standard Bank and Trust Company, Dunn,
North Carolina, and Columbus National Bank,
Whiteville, North Carolina, and to establish
branches.
Approved, January 10, 1995.

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PAGE 6

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JANUARY 13, 1995

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

BANKS. STATE MEMBER
Minneapolis

Farmers State Bank of Madelia, Madelia, Minnesota -payment of a dividend.
Approved, January 12, 1995.

CAPITAL STOCK
Chicago

American Chartered Bancorp, Inc., Schaumburg,
Illinois -- redemption of shares.
Returned, January 10, 1995.

Chicago

First Waukegan Corporation, Glenview, Illinois -redemption of shares.
Returned, January 9, 1995.

CHANGE IN BANK CONTROL
Dallas

Citizens Bancorp, Inc., Crockett, Texas -- change in
bank control.
Permitted, January 12, 1995.

Kansas City

Delphos, Inc., Delphos, Kansas -- change in bank
control.
Permitted, January 12, 1995.

Chicago

Mid-America National Bancorp, Inc., Chicago, Illinois
-- change in bank control.
Permitted, January 10, 1995.

Dallas

Texas Gulf Bancshares, Inc., Freeport, Texas -change in bank control.
Permitted, January 11, 1995.

Minneapolis

Windom State Investment Company, Windom, Minnesota -change in bank control.
Withdrawn, January 13, 1995.

COMPETITIVE FACTORS REPORTS




San Francisco

Bank of America, N.A., Phoenix, Arizona, proposed
assumption of certain liabilities of Bank of
America Illinois, Chicago, Illinois -- report on
competitive factors.
Submitted, January 12, 1995.

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JANUARY 9, 1995
PAGE 7

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JANUARY 13, 1995

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

COMPETITIVE FACTORS REPORTS




Richmond

Carolina First Bank, Greenville, South Carolina,
proposed merger with Aiken County National Bank,
Aiken, South Carolina -- report on competitive
factors.
Submitted, January 10, 1995.

Atlanta

Community Bank of Dawsonville, Dawsonville, Georgia,
proposed merger with Dawsonville Interim
Corporation -- report on competitive factors.
Submitted, January 9, 1995.

Dallas

First Bank, Katy, Texas, proposed merger with
Champions Bank, N.A., Houston, Texas -- report on
competitive factors.
Submitted, January 12, 1995.

Atlanta

First Federal Savings and Loan Association of Putnam
County, Palatka, Florida, proposed conversion to a
stock savings and loan association and formation of
a mutual holding company -- report on competitive
factors.
Submitted, January 12, 1995.

Atlanta

First Liberty Bank, Macon, Georgia, proposed purchase
of certain assets and liabilities of three branches
of First Union National Bank of Georgia, Atlanta,
Georgia -- report on competitive factors.
Submitted, January 12, 1995.

Philadelphia

Fulton Bank, Lancaster, Pennsylvania, proposed
acquisition of assets and assumption of liability
to pay deposits made in two branches of Meridian
Bank, Reading, Pennsylvania -- report on
competitive factors.
Submitted, January 12, 1995.

San Francisco

Lamorinda National Bank, Lafayette, California,
proposed purchase of certain assets and assumption
of certain liabilities of one branch of Alameda
First National Bank, Alameda, California -- report
on competitive factors.
Submitted, January 12, 1995.

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JANUARY 9, 1995
PAGE 8

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JANUARY 13, 1995

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

COMPETITIVE FACTORS REPORTS




Dallas

Midland National Bank, Midland, Texas, proposed
merger with Texas National Bank -- report on
competitive factors.
Submitted, January 9, 1995.

Minneapolis

Norwest Bank Minnesota Central, N.A., St. Cloud,
Minnesota, proposed merger with Community State
Bank of Alexandria, Alexandria, Minnesota -- report
on competitive factors.
Submitted, January 12, 1995.

Atlanta

Peoples State Bank, New Port Richey, Florida,
proposed merger with Sun Bank and Trust Company,
Brooksville, Florida -- report on competitive
factors.
Submitted, January 11, 1995.

Atlanta

Peoples State Bank, New Port Richey, Florida,
proposed merger with STI Subsidiary, Inc. -- report
on competitive factors.
Submitted, January 11, 1995.

Atlanta

Regions Bank of Louisiana, Baton Rouge, Louisiana,
proposed merger with First National Bank of St.
Bernard Parish, Chalmette, Louisiana -- report on
competitive factors.
Submitted, January 10, 1995.

Chicago

Republic Bank, Ann Arbor, Michigan, proposed purchase
of the assets and assumption of liabilities of
three branches of Standard Federal Bank, Troy,
Michigan -- report on competitive factors.
Submitted, January 13, 1995.

Atlanta

Republic National Bank of Miami, Miami, Florida,
proposed merger with Plaza Bank of Miami -- report
on competitive factors.
Submitted, January 11, 1995.

H .2

JANUARY 9, 1995
PAGE 9

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JANUARY 13, 1995

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

EXTENSIONS OF TIME




San Francisco

California Commercial Bancshares, Newport Beach,
California -- extension to divest certain property
Granted, January 10, 1995.

Director, BS&R

First Bank System, Inc., Minneapolis, Minnesota -extension to divest certain property.
Granted, January 9, 1995.

Richmond

First Citizens BancShares, Inc., Raleigh, North
Carolina -- extension to February 28, 1995, to
acquire Pace American Bank, Lawrenceville,
Virginia.
Granted, January 12, 1995.

Minneapolis

Flint Creek Holding Company, Philipsburg, Montana -extension to April 10, 1995, to acquire Flint Creek
Valley Bank.
Granted, January 12, 1995.

Atlanta

Kislak Financial Corporation, Miami Lakes, Florida -extension to April 14, 1995, to acquire a minority
interest in Kislak National Bank, North Miami,
Florida.
Granted, January 13, 1995.

Chicago

Marshall & Ilsley Corporation, Milwaukee, Wisconsin
-- extension to April 11, 1995, to acquire Bank of
Burlington, Burlington, Wisconsin.
Granted, January 10, 1995.

Richmond

New Pace American Bank, Lawrenceville, Virginia -extension to February 28, 1995, to merge with Pace
American Bank and to become a member of the Federal
Reserve System.
Granted, January 12, 1995.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -extension to April 26, 1995, to establish a joint
venture, Carlson Mortgage Company, Wakefield,
Massachusetts.
Granted, January 13, 1995.

Cleveland

PNC Bank Corp., Pittsburgh, Pennsylvania -- extension
to March 13, 1995, to acquire Brentwood Financial
Corporation, Cincinnati, Ohio.
Granted, January 12, 1995.

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JANUARY 9, 1995
PAGE 10

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JANUARY 13, 1995

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

EXTENSIONS OF TIME
Atlanta

Synovus Financial Corp. Columbus, Georgia -,
extension to April 15, 1995, to establish a joint
venture company, Total Systems Services de Mexico,
S.A., de C.V., Mexico City, Mexico.
Granted, January 11, 1995.

San Francisco

Wells Fargo & Company, San Francisco, California -extension to divest certain property.
Granted, January 10, 1995.

Atlanta

AuburnBank, Auburn, Alabama -- to become a member of
the Federal Reserve System upon conversion from
Auburn National Bank of Auburn.
Approved, January 13, 1995.

St. Louis

Bank of Louisiana, Louisiana, Missouri -- to become a
member of the Federal Reserve System and to retain
its branch at 3308 West Georgia Street.
Approved, January 11, 1995.

Kansas City

Poteau State Bank, Poteau, Oklahoma -- to become a
member of the Federal Reserve System.
Approved, January 12, 1995.

MEMBERSHIP

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Chicago -- to offer a
reclearing information service at the Milwaukee
Office.
Approved, January 10, 1995.

H .2
JANUARY 9, 1995
PAGE 11

ADDITIONS AND CORRECTIONS
TO

JANUARY 13, 1995

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

BANK HOLDING COMPANIES
Secretary

Signet Banking Corporation, Richmond, Virginia -- to
provide advisory services with respect to certain
futures and options on futures on non-financial
commodities through Signet Strategic Capital
Corporation.
Approved, January 6, 1995.

COMPETITIVE FACTORS REPORTS




St. Louis

Simmons First National Bank, Pine Bluff, Arkansas,
proposed merger with First State Bank, Gould,
Arkansas -- report on competitive factors.
Submitted, January 6, 1995.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

Application

SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date

NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

Comment Period Ending Date

Application
Pacific National Corporation,

Newspaper

Not Yet Established

Nantucket, Massachusetts Federal Register
Change in Bank Control
Notification filed on behalf
of the Josephine F. Waine Trust,
Marco Island, Florida
CFX Corporation, Keene, New
Hampshire - 3(a)(3)
application to acquire Orange
Savings Bank, Orange,
Massachusetts *

Newspaper

01-31-95

Not Yet Established

Federal Register

02-17-95

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY

Comment Period Ending Date

Application
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;
- Needs to Improve; "SN“ - Substantial Noncompliance.




"N"

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_____ _____
None.

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

Nonbanking Applications
(subject to Federal Register Notice Only)
Cooperative Centrale Raiffeisen-Boerenleenbank B.A., Rabobank
Nederland, Utrecht, The Netherlands, to engage de novo
through its indirect subsidiary, Utrecht-America Finance Co.,
New York, New York, in (i) making, acquiring or servicing
loans or other extensions of credit, pursuant to Section
225.25(b)(1) of Regulation Y; and (ii) personal or real
property leasing, and higher-residual-value leasing, pursuant
to Section 225.25(b)(5) of Regulation Y.
N/A
Westdeutsche Landesbank Girozentrale, Dusseldorf, Federal
Republic of Germany, to retain through its indirect
subsidiary, The Thomas Cook Group Limited, all of the
outstanding common and preferred shares of Interpayment
Services, Limited, London, England and thereby engage in the
issuance and sale of travelers checks, as a wholesaler
worldwide, and data processing, pursuant to Sections 225.25
(b)(12) and (b)(7) of Regulation Y, respectively, and
certain incidental support activities.
N/A

1/ Subject to provisions of Community Reinvestment Act.




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 January 14. 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
United Valley Bancorp# Inc, Philadelphia, PA to form a bank holding compa i by
y
acquiring 100% of the voting shares of United Valley Bank, Philadelphia, PA, pu ^uant
to Section 3(a)(1) of the Bank Holding Company Act. United Valley Bank will mere with
UVB Interim Bank in order to effect the formation.
Newspaper comment period expires:
Federal Register comment period expires:

1/30/95
N/A

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

1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending January 13, 1995.
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location

Examination Date

CRA Rating

Woodlands Bank
2450 E. Third Street
Williamsport, PA 17701

10/3/94

Satisfactory

Pennsylvania State Bank
2148 Market Street
Camp Hill, PA 17011

09/26/94

Satisfactory




Federal R eserve B a
of

nk

Cleveland

P .0 . BOX 6387
CLEV ELA N D , OHIO 44101-1387

APPLICATIONS BULLETIN
(For the week ending January 14,1995)
SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL
REGISTER NOTICE
NONE

SECTION HI - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received notification from Gillmor Financial Services, Inc.,
Old Fort, Ohio, on December 30,1994, of its intent to retain
lOOpercent of the voting shares of Old Fort Real Estate
Company, Old Fort, Ohio, pursuant to Section 4(c)(8) of
the Bank Holding Company Act and engage denovo in
permissible community development activities pursuant
to Section 225.25(b)(6) of Regulation Y.

January 24,1995

Received notificationn from KeyCorp, Cleveland, Ohio,
on January 5,1995, of its intent to engage de novo in
permissible loan servicing activities pursuant to Section
225.25(b)(1) of Regulation Y through its subsidiary KeyCorp
Finance, Inc., Cleveland, Ohio.

January 26,1995

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEW SPAPER NOTICE
NONE *

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




A V A ILA B ILITY O F CRA PU BLIC EVALUATIONS
(January 13, 1995)

The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended January 13, 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:
O U TSTA N D IN G : 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SA TISFA C TO R Y : a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PR O V E : a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON CO M PLIA N CE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

The Andover Bank
Public Square
Andover, Ohio 44003
(419) 293-7605
Rating: Outstanding
Exam Date: October 18,1994




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

Enterprise Bank and Trust Company,
Winston-Salem, North Carolina, to
acquire the Danbury, North Carolina,
branch of First Union National Bank
of North Carolina, Charlotte, North
Carolina*

2-13-95

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

The Palmer National Bancorp, Inc.
,
Washington, D. C., to engage in
residential mortgage banking activities
through a new subsidiary, Palmer National
Mortgage, Inc., Rockville, Maryland.

Not yet available.

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice

None.

*Application is subject to CRA requirements.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending January 13, 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____
The Farmers & Merchants Bank of
Craig County
306 Main Street
New Castle, Virginia 24127




Rating

10-31-94

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 13. 1995
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Compass Bank
01-30-95*
Birmingham, Alabama
To establish a branch located at 456 Gunter Avenue, Guntersville,
A l abama.
Compass Bank
01-30-95*
Birmingham, Alabama
To establish a branch located at 2677 Valleydale Road, Birmingham,
Alabama.
Section 2 - Applications Sub~iect to Both
Newspaper and Federal. Register Notice
Application

Comment Period Ending Date

SunTrust Banks, Inc.
02-13-95*
Atlanta, Georgia
Federal Register
To acquire Peoples State Bank, New Port Richey, Florida, pursuant
to Section 3 ( a ) (3) of the Bank Holding Company Act.
Synovus Financial Corp.
02-03-95*
Columbus, Georgia
Federal Register
Along with TB&C Bancshares, Inc., Columbus, Georgia, to merge with
Citizens & Merchants Corporation,
Douglasville,
Georgia,
and
thereby directly
acquire
Citizens
& Merchants
State
Bank,
Douglasville, Georgia, pursuant to Section 3(a) (5) of the Bank
Holding Company Act.
Bank Investors Limited Partnership
Not yet available*
Lafayette, Louisiana
To acquire Royal Bankgroup of Acadiana, Inc., Lafayette, Louisiana,
pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act.

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 13, 1995
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Chance Investments, Inc.
Not yet available*
Lafayette, Louisiana
To acquire Royal Bankgroup of Acadiana, Inc., Lafayette, Louisiana,
pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act.
Hibernia Corporation
Not yet available*
New Orleans, Louisiana
To merge with STABA Bancshares, Inc., Donaldsonville, Louisiana,
and thereby directly acquire State Bank and Trust Company,
Donaldsonville, Louisiana, pursuant to Section 3(a)(5) of the Bank
Holding Company A c t .
LBA Bankgroup, Inc.
Not yet available*
Lafayette, Louisiana
1-BHC formation, Bank of Lafayette, Lafayette, Louisiana.
Royal Bankgroup of Acadiana
Not yet available*
Partnership,Lafayette, Louisiana
1-BHC formation, Royal Bankgroup of Acadiana, Inc., Lafayette,
Louisiana.
Royal BankGroup of Acadiana
Not yet available*
Partnership, Lafayette, Louisiana
To acquire Royal Bankgroup of Acadiana, Inc., Lafayette, Louisiana,
pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act.

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 13, 1995

Section 3 - Applications Subject to Federal
Register Only
Application

Comment Period Ending Date

Nashville Holding Company
02-02-95
Nashville, Georgia
To engage de novo in making, acquiring, or servicing loans or other
extensions of credit, pursuant to Section 4(c)(8) of the Bank
Holding Company Act and Section 225.25(b)(1) of Regulation Y.

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Seacoast Banking Corporation of Florida
Stuart, Florida
Request for waiver of the application requirement of Section
3(a)(5) of the Bank Holding Company Act for the proposal of its
subsidiary, First National Bank & Trust Company of the Treasure
Coast, Stuart, Florida,
to merge with American Bank Capital
Corporation of Florida, Stuart, Florida, and thereby directly
acquire American Bank of Martin County, Stuart, Florida.
A. Wilbert's Sons Lumber and Shingle Company
Plaquemine, Louisiana
Request
for waiver of the application requirement of Section
3(a)(5) of the Bank Holding Company Act for the proposal to merge
with Bayoulands Financial Corporation, Plattenville, Louisiana.
Iberville Bank
Plaquemine, Louisiana
Request
for waiver of the application requirement of Section
3(a)(1) of the Bank Holding Company Act for the proposal to acquire
Bayouland Financial Corporation,
Plattenville, Louisiana,
and
thereby acquire its subsidiary, Bayouland Bank, Plattenville,
Louisiana.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 13. 1995
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information about
an institution's CRA evaluation may be obtained directly from the
institution.
In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:

Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record 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
Towns County Bank
Post Office Box 729
Hiawassee, Georgia 30549
(706)896-4186




Rating
Satisfactory

Date
10-03-94

Federal Reserve Bank of Chicago

Section i . Applications Subject to Newspaper
,Notice Only
Comment Period
Ending Date

Type

Application

Branch

Comerica Bank-Illinois
Franklin Park, Illinois
Northeast Corner of the Intersection of
Willow Road & Pfingsten Road
Glenview, Illinois

EFT

The Northern Trust Company
Chicago, Illinois
Northwestern University
619 Clark Street
Evanston, Illinois

EFT

Rushville State Bank
Rushville, Illinois
551 W. Clinton Street
Rushville, Illinois

Branch

Lake Forest Bank & Trust Company
Lake Forest, Illinois
810 A South Waukegan Road
Lake Forest, Illinois

N - 1-23-95

Branch

Comerica Bank
Detroit, Michigan
1625 Leonard, NE
Grand Rapids, Michigan
23191 Marter Road
St. Clair Shores, Michigan
25780 Middlebelt
Farmington Hills, Michigan
3518 Plainfield, NE
Grand Rapids, Michigan
47060 Pontiac Trail
Walled Lake, Michigan
5270 Eastern Avenue, SE
Grand Rapids, Michigan

N - **

Reg K

Northern Trust Company (The)
Chicago, Illinois
Northern Global Financial Services
Limited, Hongkong - to expand the
securities lending activities in
Hongkong and other Asia Pacific regions

N - **

Membership

Foxdale Bank
South Elgin, Illinois
to become a member of the Federal Reserve
System

N




N - 1-14-95

N - 1-12-95

N - 1-21-95

1-12-95

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
N o t ice On l y

Comment Period
Ending Date

Type

Application

Merger/Branch

Old Kent Bank
Elmhurst, Illinois
Edgewood Bank
Countryside, Illinois & to establish a
branch at 1023 West 55th Street,
Countryside, Illinois

N - **

Branch

Comerica Bank
Detroit, Michigan
5700 Beckley Road
Battle Creek, Michigan

N - **

Branch

Comerica Bank
Detroit, Michigan
294 Highland Avenue
Battle Creek, Michigan

N - **




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

Comment Period
Ending Date

Typ e

Application

Y-2

FBOP Corporation
Oak Park, Illinois
North Houston Bank
Houston, Texas*

FR - 1-9-95
NP - 12-28-94

Y-l

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

FR - 10-31-94
NP - 1-12-95

Y-l

Alpha Bancorp, Inc.
Chicago, Illinois
Alpha Financial Corporation
Chicago, Illinois
Archer National Bank of Chicago
Chicago, Illinois
Chicago National Bank
Chicago, Illinois*

FR - 1-9-95
NP - 1-4-95

Y-2

Illinois Financial Services, Inc.
Chicago, Illinois
Alpha Bancorp, Inc.
Chicago, Illinois
Alpha Financial Corporation
Chicago, Illinois
Archer National Bank of Chicago
Chicago, Illinois
Chicago National Bank
Chicago, Illinois*

FR - 1-9-95
NP - 1-4-95

Y-l

B J Morgan Bancshares, Inc.
Morgantown, Indiana
First State Bank
Morgantown, Indiana*

FR - 1-9-95
NP - 2-6-95

CoC-HC

Tama County Abstract Company
Toledo, Iowa
by Michael R. Mickelson &
John M. Mickelson

FR - 1-10-95
NP - 1-12-95

Y-2

National Bancorp, Inc.
Streamwood, Illinois
Northwest Community Bank
Project Heights, Illinois*

FR - 2-6-95
NP - 1-18-95




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
R e g i s t e r N o t ice

Continued
Comment Period
Ending Date

.Type

Application

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 - **

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 - **

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,
LaGrange, Illinois
F.N.B.C. of LaGrange, Inc.
LaGrange, Illinois
Wesco Investment Corporations
LaGrange, Illinois*

Y-2

Albert City Bankshares,
Albert City, Iowa
Citizens State Bank
Marathon, Iowa*

Y-2

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




Inc.

Inc.

FR - 11-21-94
NP - 2-10-95

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

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

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued

Type

Application

Y-2

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




Comment Period
Ending Date
FR - **
NP - **

Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
N o t ice,
.On l y

Comment Period
Ending Date

Type

Application

4 (c) (8)

Associated Banc-Corp
Green Bay, Wisconsin
Associated Investment Services, Inc.
(F/K/A Citizens Securities Company)
Green Bay, Wisconsin

FR - 1-10-95

4(c) (8)

Shorebank Corporation
Chicago, Illinois
Shoretrust Trading Group,
Ilwaco, Washington

FR - 1-10-95
Inc.

4 (c) (8)

ISB Financial Corp.
Iowa City, Iowa
Joint Venture--Paymaster, Inc.
Solon, Iowa and to engage in
payroll processing services

FR - 1-18-95

4(c) (8)

Banner Bancorp, Ltd
Birnamwood, Wisconsin
to engage in general insurance activities

FR - 1-18-95

4(c) (8)

Eitzen Independents, Inc.
Eitzen, Minnesota
to engage in general insurance activities

FR - 1-18-95




Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice

Type

Application

RoS

Founders Bancorp, Inc.
Scottsdale, Arizona
to redeem 4,250 shares of the 23,000 shares outstanding of
series A preferred stock

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




AVAILABILITY OP CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve
Bank of Chicago for compliance with the CRA.
The 30-day business day period
the bank has to make the evaluation public has lapsed during the week ending
January 13, 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.
SN-An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
-Glenwood State Bank
32- North Walnut
Glenwood, Iowa
51534-1739
(712) 527-3157




EXAMINATION DATE

10/11/94

RATINGS

S

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 tow - 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 lo w - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Substantial noncompliance in meeting common
ity 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 lo w - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank
None




January 13, 1995

Bank Address

Examination
Date

Examination
Rating

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING January 13, 1995

Application

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

♦Section 9 application by Bank of Cairo and
Moberly, Moberly, Missouri, to establish a
branch office in the Wal-Mart Supercenter
at the intersection of Highways 63 and 24,
Moberly, Missouri.

Application

1/30/95

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

♦Section 3(a)(1) application by L.B.S. McMullan
Limited Partnership, Shelbyville, Kentucky, to
acquire Citizens Union Bancorp of Shelbyville,
Inc., Shelbyville, Kentucky.

Newspaper:

2/6/95

WITHDRAWN - *Section 3(a)(3) application by
AMBANC Corp., Vincennes, Indiana, to acquire
First Robinson Bancorp, Robinson, Illinois
(previously reported during week ending 12/30/94).

Newspaper:

1/21/95

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Whipple Family
Limited Partnership, Arkadelphia, Arkansas, to
acquire First Banc Securities, Inc., Arkadelphia,
Arkansas (securities brokerage).

1/31/95

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 MINNEAPOLIS
Section I - Applications Subject to

t e s a s NvUcs Poly
fyppr
Comment Period
__ Ending pate

Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both

Etewspapcr and Federal Register Notice
Application

Comment Period
Ending Date

James A. Redding and Mary Gene Clark,
to each acquire 25.51X of the voting
shares of Windom State Investment
Company, Windom, MN*

Withdrawn
January 12, 1995

Susan and Roger Berglund, Albert Edward
Bowman and Lorraine Bowman,
Gwen Jones, Wendy Jorgenson, Bruce
Bowman, and Dakota Western Bank Profit
Sharing Plan, Bowman, ND, to acquire
control of Dakota Western Bankshares,
Inc., Bowman, ND*

Returned
January 13, i995

Norwest Corporation, Minneapolis, MN,
to acquire 100X of the voting shares
of First American National Bank,
Chandler, AZ*

February 10, 1995
(Federal Register)

Community First Bankshares, Inc.,
Fargo, North Dakota, to acquire 100X
of the voting shares of First Community
Bankshares, Inc., Englewood, CO

Not yet available

♦Subject to CRA




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 mortgage lending
through the acquisition of a joint
venture interest in Mountain Pacific
Mortgage, San Diego, CA

February 1, 1995

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

Application
Farmers State Bank of Denton,
Denton, MT, for retroactive
approval to pay a $105M dividend
Farmers State Bank of Madelia,
Madelia, MN, to pay a $370M
dividend




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 13, 1995
ASSIGNMENT OF RATING
Identification of Ratines
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

Flint Creek Valley Bank
P.0. Box 10
Philipsburg, MT 59858
(406) 859-3241

October 3, 1994

Satisfactory

Valley Bank of Ronan
P.0. Box 129
Ronan, MT 59864-0129
(406) 676-2000

September 26, 1994

Outstanding




Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBIECT TO NEWSPAPER NOTICE ONLY
A PPLICA TIO N
Vectra Bank, Denver, Colorado, for prior approval
to merge w ith The First National Bank of Denver,
Denver, Colorado.

COMMENT PERIOD ENDING DATF
Not Available

SECTION II - APPLICATIONS SUBIECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
A PPLIC A TIO N

COMMENT PERIOD ENDING DATE

Vectra Banking Corporation, Denver, Colorado, for
prior approval to merge w ith First Denver
Corporation, Denver, Colorado.*

Not Available

G ary D . G rable, Kansas C ity, M issouri, to acquire
8.81 percent; John H . Ferguson, Liberty, M issouri,
to acquire 2.94 percent; Russell J. Bysel, Prairie
Village, Kansas, to acquire 5.87 percent; Richard L.
Bond, O verland Park, Kansas, to acquire 4.41
percent; Carl Edward Bradley, Lake W aukomis,
M issouri, to acquire .73 percent; Gregory R.
W alton, Leawood, Kansas, to acquire 3.67 percent;
Angela L. M itchell, Overland Park, Kansas, to
acquire 1.47 percent; James D. Robertson, Liberty,
M issouri, to acquire 2.94 percent; and W . Jackson
Letts, M ission H ills, Kansas, to acquire 1.47
percent, of the voting shares of Guaranty
Bancshares Corporation, Kansas C ity, M issouri, and
thereby indirectly acquire Guaranty Bank and
Trust, Kansas C ity, Kansas.

January 27, 1995

Bill Taylo r, Lansing, Kansas, for prior approval to
acquire an additional 1.13 percent, for a total of
11.12 percent of the voting shares of Lansing
Financial Corporation, Lansing, Kansas.

January 27, 1995

MNB Bancshares, In c., Manhattan, Kansas, for prior
approval to merge with Auburn Security
Bancshares, In c., Auburn, Kansas, and thereby
indirectly acquire The Security State Bank, Auburn,
Kansas.*

February 10, 1995




Federal Reserve Bank of Kansas City

State Bank Employees Stock Ownership Plan,
H oxie, Kansas, for prior approval to become a
bank holding company through the acquisition of
45 percent of the voting shares of Prairire State
Bancshares, In c., H oxie, Kansas.*

February 10, 1995

SECTIO N III - A PPLIC A TIO N S SU BIECT TO FEDERAL REG ISTER N O TICE O N LY
A PPLICA TIO N

COM M ENT PERIO D EN DIN G DATE

First National of Nebraska, Inc., Omaha, Nebraska,
for prior approval to acquire Platte V alley Finance
Com pany, North Platte, Nebraska, and thereby
engage in consumer finance lending and credit
insurance activities.

January 27, 1995

SECTIO N IV - A PPLIC A TIO N S NOT SU BIECT TO FEDERAL REGISTER N O TICE
OR NEW SPAPER N O TICE
APPLICA TIO N
None.

SECTIO N V - A V A ILA B ILITY O F CRA PU BLIC EVA LU ATIO N S
Identification of Ratings
In connection w ith 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.




Federal Reserve Bank of Kansas City

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.

Bank/Location
None.

* Application is subject to CRA.




Exam Date

CRA Public
Date

CRA
Ratine

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 9, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
♦Section 3(a)(1) application by
The ANB Corporation, Terrell, TX, to acquire
THE ANB Delaware Corporation, Terrell, TX, and
The American National Bank of Terrell, Terrell, TX
(Previously reported during the week of 12-5-94)
♦Section 3(a)(1) application by
The ANB Delaware Corporation, Terrell, TX, to acquire
The American National Bank of Terrell, Terrell, TX
(Previously reported during the week of 12-5-94)
♦Section 3(a)(3) application by
A.N.B. Holding Company, Ltd., Terrell, TX, to acquire
The ANB Corporation, Terrell, TX; The ANB Delaware
Corporation, Terrell, TX; and The American National
Bank of Terrell, Terrell, TX
(Previously reported during the week of 12-12-94)
Change in Control Notice by
Lois Bir, Dallas, TX, Herman Duhr, Jr., Bremond, TX, Calvin
Wiese, Robinson, TX, and Cooper Wiese, Calvert, TX, to
acquire an interest in Farmers & Merchants Bancshares, Inc.,
Mart, TX
(Previously reported during the week of 11-28-94)




** NOTICE EXP

95/01/28

95/01/28

95/01/28

94/12/14

SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER

NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JANUARY 9. 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 Tow- 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
Alice Bank of Texas
601 E. Main Street
P. 0. Box 1790
Alice, Texas 78333-1790




Date of
Examination

94/09/26

CRA Rating

Satisfactory

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 01/13/95
Section I - Applications Subject to Newspaper Notice Only
A d o Iication

Comment Period

Ending Date

ValliWide Bank, Fresno, California, to merge with
Community First Bank, Bakersfield, California. *

Newspaper: Not yet available

Bank of Ephraim, Ephraim, Utah, to establish a branch
office at 1155 West Utah Avenue, Hi!dale, Utah. *

Newspaper: Not yet available

Community Bank of Nevada, In Organization, Las Vegas,
Nevada, to become a member of the Federal Reserve System. *

Newspaper: December 16, 1994

Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice

Westamerica Bancorporation, San Rafael, California, to
acquire 100 percent of Capitol Bank Sacramento, Sacramento,
California. *

Newspaper: Not available

Section III - Applications Subject to Federal Register Notice Only
U.S. Bancorp, Portland, Oregon, to engage in the issuance
and paying letters of credit and conduct related processing
activities in Hong Kong and worldwide through U.S. Trade
Services, Inc., Portland, Oregon.

Fed. Reg.: February 01, 1995

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None

*

Subject to CRA




FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t 'd .)

Week ending 01/13/95

Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending 01/13/95. Information about a particular institution's CRA evaluation may beobtained directly from the institution.
Institution

Location

Examination Date

Oak Valley Community
Bank

125 North Third Street
Oakdale, CA 95361
Tel: (209) 848-2265

10/03/94

Satisfactory

Capital Bank of North
County

2602 El Camino Real
Carlsbad, CA 92008
Tel: (619) 434-3344

10/03/94

Outstanding

Ratina*

* 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 noncomollance in meeting community credit needs: An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.




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