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ANNOUNCEMENT BOA R D OF GOV E R N O R S OF THE F E D E R A L R E S E R V E SYSTEM H . 2, 1992/ No. 4 A c t i o n s of the Board, its Staff, and the F e deral R e s e r v e Banks; A p p l i c a t i o n s and R e p o r t s R e c eived D u ring the W e e k E n ding J a n u a r y 25, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS The government securities market, views on reforms to the regulation of the market — statement by Governor Mullins before the Subcommittee on Securities of the Senate Committee on Banking, Housing, and Urban Affairs, January 23, 1992. Published, January 23, 1992. The government securities market, Joint Report on improvements in the market; oversight and regulation of the market — statement by E. Gerald Corrigan, President, Federal Reserve Bank of New York, before the Subcommittee on Securities of the Senate Committee on Banking, Housing, and Urban Affairs, January 23, 1992. Authorized, January 23, 1992. BANK HOLDING COMPANIES Banc One Corporation, Columbus, Ohio — determination that Banc One would not control Premier Bancorp, Inc., Baton Rouge, Louisiana, after certain proposed transactions. Granted, January 21, 1992. HMS Holdings, Inc., San Antonio, Texas — Castle Hills National Bank. Denied, January 21, 1992. to acquire Ohnward Bancshares, Inc., Maquoketa, Iowa — to acquire Baldwin Savings Bank, Baldwin, Iowa. Approved, January 21, 1992. INTERNATIONAL OPERATIONS Republic National Bank of New York, New York, New York, and Saban S.A., Panama City, Republic of Panama — to make an investment in Republic National Bank of New York S.A., Paris, France. Permitted, January 20, 1992. H .2 JANUARY 21, 1992 PAGE 2 TO JANUARY 24, 1992 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 New York Chemung Canal Trust Company, Elmira, New York — to establish an offsite electronic facility at Hardinge Brothers, Inc., 3575 Oakwood Avenue, Town of Horseheads, Chemung County, New York. Approved, January 21, 1992. New York Chemung Canal Trust Company, Elmira, New York — to establish an offsite electronic facility at Hardinge Brothers, Inc., 3575 Oakwood Avenue, Town of Horseheads, Chemung County, New York. Approved, January 21, 1992. Cleveland Killbuck Savings Bank, Killbuck, Ohio — to establish a branch at Wal-Mart outlot #1, S.R. 83 and U.S. 62, Millersburg, Ohio. Approved, January 21, 1992. BANK HOLDING COMPANIES Chicago Firstar Corporation, Milwaukee, Wisconsin — to engage de novo in investment adviser activities. Permitted, January 22, 1992. Minneapolis Kimberly Leasing Corporation, Augusta, Wisconsin — to engage in community development activities through Island Place Limited Partnership. Withdrawn, January 23, 1992. S t . Louis Leachville State Bancshares, Inc., Leachville, Arkansas — to acquire Caraway Bancshares, Inc., Caraway, Arkansas. Approved, January 23, 1992. Dallas Newton Delaware Financial Corporation, Dover, Delaware — to acquire First National Bank of Newton, Newton, Texas. Approved, January 22, 1992. Chicago Nichols Bancorp, Inc., Nichols, Wisconsin — acquire State Bank of Nichols. Approved, January 24, 1992. to H .2 JANUARY 21, 1992 PAGE 3 TO JANUARY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Cleveland Chippewa Valley Bank, Rittman, Ohio — bank premises. Approved, January 23, 1992. Chicago Pioneer Bank, North Branch, Michigan — bank premises. Approved, January 23, 1992. investment in investment in CHANGE IN BANK CONTROL Minneapolis Oppegard Agency, Inc., Moorhead, Minnesota — in bank control. Returned, January 23, 1992. change Kansas City Rocky Mountain Bankshares, Inc., Golden Valley, Minnesota — change in bank control. Permitted, January 22, 1992. COMPETITIVE FACTORS REPORTS Chicago Chelsea Savings Bank, Belle Plaine, Iowa, proposed merger with Van Horne Savings Bank, Van Horne, Iowa — report on competitive factors. Submitted, January 22, 1992. Atlanta Comerica Bank-Florida, F.S.B., Clearwater, Florida, proposed acquisition of Comerica Trust Company of Florida, N.A., Boca Raton, Florida — report on competitive factors. Submitted, January 21, 1992. Chicago First Financial Bank, FSB, Stevens Point, Wisconsin, proposed purchase of eight branches of The Talman Home Federal Savings and Loan Association, Chicago, Illinois — report on competitive factors. Submitted, January 21, 1992. Kansas City Howard State Bank, Howard, Kansas, proposed acquisition of the assets and assumption of the liabilities of the Moline branch of Emprise Bank, Iola, Kansas — report on competitive factors. Submitted, January 22, 1992. H.2 JANUARY 21, 1992 PAGE 4 TO JANUARY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Larkin Bank, Hoffman Estates, Illinois, proposed merger with NBD Bank Elgin, National Association, Elgin, Illinois — report on competitive factors. Submitted, January 23, 1992. Chicago NBD Bank Mount Prospect, National Association, Mount Prospect, Illinois, proposed merger with Countryside Bank — report on competitive factors. Submitted, January 23, 1992. San Francisco Northwesten National Bank, Port Angeles, Washington, proposed merger with New Northwestern National Bank -- report on competitive factors. Submitted, January 21, 1992. Secretary Norwest Bank Nebraska, N.A., Omaha, Nebraska, proposed purchase of assets and assumption of liabilities of the Community Bank of Nebraska — report on competitive factors. Submitted, January 24, 1992. Richmond Southern National Bank of North Carolina, Lumberton, North Carolina, proposed purchase of the assets and assumption of the liabilities of Workman1s Federal Savings Bank, Mount Airy, North Carolina — report on competitive factors. Submitted, January 22, 1992. Cleveland Star Bank, proposed Ironton, Submitted, Atlanta Summit National Bank, Atlanta, Georgia, proposed acquisition of the Doraville branch of Tucker Federal Savings and Loan Association, Tucker, Georgia — report on competitive factors. Submitted, January 22, 1992. South Central Ohio, Portsmouth, Ohio, merger with Star Bank, N.A., Tri-State, Ohio — report on competitive factors. January 24, 1992. H.2 JANUARY 21, 1992 PAGE 5 TO JANUARY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia Third Federal Savings and Loan Association of Philadelphia, Philadelphia, Pennsylvania — to merge with Doylestown Federal Savings and Loan Association, Doylestown, Pennsylvania — report on competitive factors. Submitted, January 21, 1992. EXTENSIONS OF TIME Atlanta CBW Bancorp, Crawfordville, Florida — acquire Citizens Bank of Wakulla. Granted, January 22, 1992. extension to S t . Louis First Arkansas Bancshares, Inc., Jacksonville, Arkansas — extension to April 14, 1992, to engage de novo in appraisal activities through First Arkansas Appraisal Service, Inc. Granted, January 23, 1992. S t . Louis M&F Bancorp, Inc., Holly Springs, Mississippi — extension to April 27, 1992, to acquire Merchants & Farmers Bank. Granted, January 23, 1992. Cleveland Provident Bancorp, Inc., Cincinnati, Ohio — extension to April 30, 1992, to acquire Suburban Federal Savings and Loan Association, Covington, Kentucky. Granted, January 21, 1992. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to May 7, 1992, to acquire shares of Peoples Bank of Lakeland, Lakeland, Florida. Granted, January 24, 1992. INTERNATIONAL OPERATIONS Director, BS&R MNC International Bank, Laramie, Wyoming — to relocate head office to Baltimore, Maryland, and to eliminate its Baltimore branch. Approved, January 22, 1992. H.2 JANUARY 21, 1992 PAGE 6 TO JANUARY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK PPEBAIIfflS Director, FRBO Federal Reserve Bank of San Francisco — in Portland Branch building. Approved, January 21, 1992. renovation SECURITIES REGULATION Director, BS&R Over-the-counter stocks — revised list of OTC stocks subject to margin requirements, and a list of foreign margin stocks, effective February 10, 1992. Published, January 24, 1992. H.2 ADDITIONS AND CORRECTIONS JANUARY 21, 1992 PAGE 7 TO JANUARY 24, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES The government securities market — report. Approved, January 16, 1992. joint interagency ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Mid - Wisconsin Financial Services, Inc., Medford, Wisconsin — to acquire through Premier Insurance Services, Inc., Neillsville, Wisconsin, the insurance agency subsidiaries of each of its three subsidiary banks. Approved, January 16, 1992. BANK PREMISES Minneapolis Security Bank Minnesota, Albert Lea, Minnesota — investment in bank premises. Approved, January 16, 1992. BANKS, STATE MEMBER Minneapolis Farmers State Bank of Madelia, Madelia, Minnesota — payment of a dividend. Approved, January 15, 1992. COMPETITIVE FACTORS REPORTS Minneapolis Century Bank, Eden Prairie, Minnesota, proposed merger with two branches in Hastings and Cottage Grove, Minnesota, of Hampton Bank, Hampton, Minnesota — report on competitive factors. Submitted, January 17, 1992. H .2 JANUARY 21, 1992 PAGE 8 ADDITIONS AND CORRECTIONS TO JANUARY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis First National Bank of Bagley, Bagley, Minnesota, proposed merger with the Farmers State Bank of Fosston, Fosston, Minnesota — report on compet itive factors. Submitted, January 15, 1992. San Francisco First Security Bank of Oregon, Salem, Oregon, proposed merger with Bank of Willamette Valley, Dallas, Oregon — report on competitive factors. Submitted, January 16, 1992. Minneapolis First Western Bank, Wall, South Dakota, proposed merger with the First Western Bank, Custer, South Dakota — report on competitive factors. Submitted, January 14, 1992. EXTENSIONS OF TIME Philadelphia National Penn Bancshares, Inc., Boyertown, Pennsylvania — extension to April 8, 1992, to consummate the transfer of assets and liabilities of Sellersville Savings and Loan Association, Perkasie, Pennsylvania, to National Bank of Boyertown, Boyertown, Pennsylvania. Granted, January 14, 1992. Please list H.2 for Week Ending January 18, 1992, as H.2 No. 3. FE D E R A L R E S E R V E BANK OF BOSTON A P P L IC A T IO N S SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Berkshire Financial Services, Inc., Lee, Massachusetts 3(a) (1) applicatin to acquire 100% of the voting shares of Lee Bank, Lee, Massachusetts* Newspaper 2-18-92 Federal Register Not Yet Established 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 ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE ♦Subject to CRA "N" - Needs to Rating** Federal Reserve Bank of New York Comment Period -.JSnrtlflE P.afre , SECTION I Applications Subject to Newspaper ___________ Notice Only___________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice His Royal Highness Prince Alwaleed Bin Talal Abdulaziz A1 Saud, Riyadh, Saudi Arabia and Kingdom 5-KR, Limited, Cayman Islands, to retain, on a fully converted basis, 14.8 percent of common shares of Citicorp, New York, New York. 2/11/92 4/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Bessemer Group, Inc., Woodbridge, New Jersey to engage de novo directly in the activity of participating in loans made by its subsidiary banks, Bessemer Trust Company and Bessemer Trust Company, N.A., to their trust customers. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assijr from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Week Ending January 25. 1992 NAME OF BANK RATING EXAMINATION DATE None. 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 FE D E R A L R E S E R V E BANK OF P H IL A D E L P H IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Interim Central Bank, Claysburg, PA seeks 1 / approval to become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation Y. Interim Central Bank is being organized to facilitate the acquisition of Central Bank, Claysburg, PA by First Commonwealth Financial Corporation, Indiana, PA (a 4th District BHC), pursuant to Section 3(a)(3) of the Bank Holding Company Act. 2/17/92 Interim Central Bank, Claysburg, PA seeks 1 / approval to merge with Central Bank, Claysburg, PA under the charter of the former and the title of the latter, pursuant to Section 18(c) of the Federal Deposit Insurance Act. 2/17/92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FE D E R A L R E S E R V E BANK OF P H IL A D E L P H IA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending January 24, 1992. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date None. CRA Rating F e d e ra l R e s e rv e B ank o f C le v e la n d Applications Bulletin For Week Ending January 25, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received Section 4 ( c ) (8) notification from Banc One Corporation, Columbus, Ohio, on January 23, 1992, for expedited approval for Banc One Mortgage Corporation, Indianapolis, Indiana, to purchase certain assets and assume certain liabilities of Diamond Mortgage Corporation, Findlay, Ohio. January 23, 1991 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3 ( a ) (3) application from First Commonwealth Financial Corporation, Indiana, Pennsylvania, on January 21, 1992, to acquire Central Bank, Claysburg, Pennsylvania. * Not Yet Known # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received notification from Community Not Yet Known # Independent Bancorp, Inc., West Salem, Ohio, on Janaury 21, 1992, of its intent to engage de novo in performing appraisals of real estate and tangible and intangible personal property, including securities, pursuant to Section 225.25(b)(13) of Regulation Y through a wholly-owned subsidiary, CIB Appraisal Services, Inc. * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from the date of receipt of the application. Received Section 4 ( c ) (8) application from Provident Bancorp, Inc., Cincinnati, Ohio, on January 24, 1992, to acquire at least 49 percent of the voting shares of Brooks Capital Management, Inc., Cleveland, Ohio. Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from the date of receipt of the application. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Union Corporation, Charlotte, North Carolina, to permit World Acceptance Corporation, Greenville, South Carolina, to acquire the assets of M & M Financial, Inc., Austell, Georgia. 1-28-92 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 None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending January 24, 1992 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date____ None. Rating A p p lic a tio n s F e d e ra l R e s e rv e B ank o f A t la n t a B u l l e t i n f o r W eek E n d in g J a n u a r y 24. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section 3 - Applications Subject to Federal Register Notice Only- Application Comment Period Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Dadeland Bank Miami, Florida Request for increase in bank premises. ♦Subject to Community Reinvestment Act. A p p lic a tio n s F e d e r a l R e s e rv e Bank o f A t l a n t a B u l l e t i n f o r W eek E n d in g J a n u a r y 24. 1992 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 Sank None. Ratifig date F e d e ra l Reserve Bank o f C hicago Section I - Applications Subject to Newspaper Notice Only Ccmment Period Ending n a te Tffii Application Branch 1st Source Bank South Bend, Indiana 2020 E. Bristol Street Elkhart, Indiana* N - 2-13-92 Merger/ Branch 1st Source Bank South Bend, Indiana Fanners State Bank of Wyatt Wyatt, Indiana 66626 State Road 331 Wyatt, Indiana* N - ** Branch 1st Source Bank South Bend, Indiana 1101 Boyd Boulevard La Porte, Indiana* N - ** Branch 1st Source Bank South Bend, Indiana 401 E. Colfax Street South Bend, Indiana* N - ** Branch 1st Source Bank South Bend, Indiana 411 Illinois Street Walkerton, Indiana* N - ** Type Section II - Applications Subject to Both Newspaper and Federal Register Notice Ccnment Period Ending nat*» Application CoC-BK The Kingston State Bank Kingston, Michigan John Kulhavi FR - 12-31-91 2-7-92 N Y-2 Associated Banc-Carp. Green Bay, Wisconsin Northeast Wisconsin Financial Services, Inc. Sturgeon Bay, Wisconsin First National Bank of Sturgeon Bay Sturgeon Bay, Wisconsin* FR - 2-3-92 N - 2-22-92 Y-l Hinsbrook Bancshares, Inc. Willcwbrook, Illinois Hinsbrook Bank and Trust Willcwbrook, Illinois* FR - ** N - 2-3-92 F e d e r a l R e serve Bank o f Chicago Type Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued^ Ccmment Period Application Ending Date Y-l DunC Corp. Belvidere, Illinois Capron Bancorp, Inc. Capron, Illinois Capron State Bank Capron, Illinois* FR - ** N - ** Y-l First State Bankshares, Inc. New London, Wisconsin First State Bank New London, Wisconsin* FR - ** N - ** CoC-HC Ocheyedan Bancorporation Ocheyedan, Iowa James W. and James P. Cravens and Mark C. Fisher FR - 11-29-91 N - 11-23-91 Y-2 San Bancorp. Sanborn, Iowa Ocheyedan Bancorporation Ocheyedan, Iowa Ocheyedan Savings Bank Ocheyedan, Icwa* FR 1-9-92 N - 12-31-91 Y-l Brad, Inc. Black River Falls, Wisconsin Bank of Melrose Melrose, Wisconsin* FR - ** N - ** Section III - Applications Subject to Federal Register N otice Only Content Period FnHinq Date Type Application Y-4 FBOP Corporation Oak Park, Illinois Sterling Federal Savings and Loan Association of Chicago Chicago, Illinois FR - 2-4-92 Y-4 FBOP Corporation Oak Park, Illinois Sterling Insurance Agency, Inc. Oak Park, Illinois FR - 2-4-92 F e d e ra l R eserve Bank o f C hicago Section III - Applications Subject to Federal Register Notice Only (Continued^ Comment Period Fndiner D ate Type Application Y-4 FBOP Corporation Oak Park, Illinois Sterling Safe Deposit Company, Inc. Oak Park, Illinois FR - 2-4-92 Y-4 FBOP Corporation Oak Park, Illinois Sterling Services Corporation, Inc. Oak Park, Illinois FR - 2-4-92 4(c)(8) Honor Bancorp, Inc. Honor, Michigan Honor Recovery Agency Honor, Michigan FR - ** Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Ocheyedan Bancorporation Ocheyedan, Iowa To rdeem 242 shares of common stock from Stephen J. Spengler N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time 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 24, 1992. 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 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. SN-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. BANK NAME/LOCATION EXAMINATION DATE RATING -Hendricks County Bank & Trust Co. One East Main Brownsburg, Indiana 10/08/91 S -St. Ansgar State Bank 237 West Fourth Street St. Ansgar, Iowa 50472 10/08/91 S -State Bank of Freeport 50 West Douglas Street Freeport, Illinois 61032 10/08/91 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING JANUARY 24, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Section 3(a)(3) application by Arvest Bank Group, Inc., Bentonville, Arkansas to acquire The Farmers and Merchants Bank, Prairie Grove, Arkansas Not yet available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None. This application is subject to CRA. FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f meeting community credit needs An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs o f its entire delineated community, including tow- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record 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. FOR THE WEEK ENDING Name of Bank January 24, 1992 Bank Address Examination Date Lemay Bank 6c Trust Co. 152 Lemay Ferry Road Lemay, Missouri 63125 Fayette County Bank P. 0. Box 38 St. Elmo, Illinois 62458 Examination Rating 9-30-91 Satisfactory 10-21-91 Satisfactory FEDERAL RESERVE BANK OF M IN N E A P O L IS 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 First National Agency of Bagley, Inc. Bagley, MN To acquire 100% of Fosston Bancorporation, Inc. Fosston, MN* 2-20-92 (Newspaper) First National Bank of Bagley Bagley, MN To acquire Fosston Bancorporation, Inc. Fosston, MN* 2-20-92 (Newspaper) Dairyland Bank Holding Corporation La Crosse, WI To acquire 100% of Bank of Alma, Alma, WI* Not yet available Dairyland Bank Holding Corporation La Crosse, WI To acquire 91.85% of the La Farge State Bank, La Farge, WI* Not yet available McVille Financial Services, Inc. McVille, ND To acquire 100% of McVille State Bank, McVille, ND* 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 Mpls, MN To engage indirectly through Rural Community Insurance, Inc., an in direct subisdiary of Norwest Cor poration, in crop insurance managing agent business through a lease agree ment with National Ag Underwriters, Inc., Anoka, MN Not yet available Norwest Corporation Mpls, MN To engage in combining data processing, data transmission services, facilities and data bases to local boards of realty and their members through the acquisi tion of U.S. Recognition, Inc., Ringwood, New Jersey Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending January 24, 1992 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and 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 First Security Bank P. 0. Box 218 Helena, MT 59624 (406) 442-8870 October 7, 1991 Satisfactory Citizens Bank of Mobridge P. 0. Box 910 Mobridge, SD 57601 (605) 845-3673 October 7, 1991 Satisfactory Plaza P. 0. Waite (612) Park State Bank Box 337 Park, MN 56387 252-4200 October 15, 1991 Satisfactory Federal Reserve Bank of Kansas City S E CTION I - APPLICATIONS SOBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE HNB Corporation, Arkansas City, Kansas, for prior approval to acquire 100 percent of the voting shares of American Bancorp of Ponca City, Inc., Ponca City, Oklahoma.* Not Available Charles Dutcher, Wichita, Kansas, for prior approval to increase his ownership of the common voting shares of Yoder Bankshares, Inc., Yoder, Kansas, from 5.56 percent to 72.74 percent. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Federal Reserve Bank o f Kansas City Outstanding record of meeting community credit needs An institution in this group has an outstanding record of, and is a lender in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in an manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent w i t h its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent w i t h its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date None. ♦Application is subject to CRA. CRA P u b l i c Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 20, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP * ♦Section 3(a)(1) application by First Tule Bancorp of Delaware, Inc., Wilmington, DE, to acquire The First National Bank of Tulia, Tulia, TX 2-15-92 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF JANUARY 20, 1992 Outstanding record of meeting community credit needs. An institution in this group has an outstanding leader in, ascertaining and helping to meet the entire delineated community, including lowneighborhoods, in a manner consistent with capabilities. record of, and is a credit needs of its and moderate-income its resources and Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabliities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Date of Examination CRA Rating Central Bank 4555 W. Walnut P. 0. Box 462267 Garland, Texas 75046 10-21-91 Satisfactory First Bank & Trust of Clarendon 123 South Kearney P. 0. Box 947 Clarendon, Texas 79226 10-15-91 Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 1/24/92 Section I - Applications Subject to Newspaper Notice Only Ad d !ication Comment Period Ending Date Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch office at 605 Stephanie, Henderson, Nevada. * Newspaper: 2/15/92 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch office at 3150 North Rainbow, Las Vegas, Nevada. * Newspaper: 2/15/92 Section II - Applications Subject to Both Newspaper and Federal Register Notice Charles Donald Carr, Napa, California, to increase his ownership in Civic BanCorp, Oakland, California. Newspaper: 2/17/92 Fed. Rea.: 2/18/92 Section III - Applications Sub.iect to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None ♦Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd...) Week ending 1/24/92 Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Idaho State Bank P.0. Box 909 Glenns Ferry, ID 83623 Tel: (208) 366-7492 Examination Date 10/07/91 Rating* Outstanding * Under the rating system an institution's CRA performance is assigned one of the following four ratings: OUTSTANDING; An institution assigned this rating 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: An institution assigned this rating has a satisfactory record of ascertaining and meeting the credit needs of its delineated community. NEEDS TO IMPROVE: An institution assigned this rating needs to improve its overall record of ascertaining and meeting the credit needs of its delineated community. SUBSTANTIAL NONCOMPLIANCE: An institution assigned this rating has a substantially deficient record of ascertaining and meeting the credit needs of its delineated community.