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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1996, NO. 4
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending January 27, 1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES
National City Corporation, Cleveland, Ohio - - t o
acquire Integra Financial Corporation, Pittsburgh,
Pennsylvania, Integra Holding Company; Integra
Bank; Integra Trust Company, National Association,
Punxsutawney; and to acquire Advent Guaranty
Corporation, Franklin, Pennsylvania, Advent
Insurance Company, and Integra Life Insurance
Company.
Approved, January 22, 1996.
BANK MERGERS
Chemical Bank Bay Area, Bay City, Michigan - - t o
merge with Chemical Bank Huron, Standish, Michigan,
and to establish branches.
Approved, January 22, 1996.
REGULATIONS AND POLICIES
Regulation Z -- notice concerning an adjustment in
the dollar amount that triggers certain
requirements of the Truth in Lending Act and
Regulation Z for mortgages bearing fees above a
certain amount (Docket R-0915).
Approved, January 24, 1996.
RESERVE BANK SERVICES




Fedwire -- modifications to the Fedwire third-party
access policy that establish additional
requirements involving a service provider located
outside the United States (Docket R-0914).
Approved, January 24, 1996.

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A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
U DER 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
Minneapolis

Farmers State Bank of Conrad, Conrad, Montana -- to
establish a branch in Cut Bank, Cut Bank, Montana.
Approved, January 24, 1996.

Kansas City

Mercantile Bank of Jackson County, Kansas City,
Missouri, and Mercantile Bank of Kansas, Overland
Park, Kansas -- to establish branch facilities in
Kansas City, Missouri, Blue Springs, Missouri,
Independence, Missouri, Lee’s Summit, Missouri, and
Raytown, Missouri, and Overland Park, Kansas.
Approved, January 25, 1996.

Chicago

North Shore Community Bank & Trust Company, Wilmette,
Illinois -- to establish a branch at 794 Oak
Street, Winnetka, Illinois.
Approved, January 25, 1996.

Richmond

Triangle Bank, Raleigh, North Carolina - - t o
establish a branch at 123 Rowan Street,
Fayetteville, North Carolina.
Approved, January 22, 1996.

BANK HOLDING COMPANIES




Kansas City

Admiral Steel Corporation, Alsip, Illinois -- to
acquire Munden Bankshares, Inc., Munden, Kansas.
Approved, January 22, 1996.

Kansas City

Ameribanc, Inc., St. Louis, Missouri -- to acquire
MidAmerican Corporation, Roeland Park, Kansas, and
MidAmerican Insurance Agency, and engage in general
insurance activities.
Approved, January 25, 1996.

Kansas City

American National Corporation, Omaha, Nebraska - - t o
acquire Else Investment Company, Fairbury,
Nebraska.
Approved, January 22, 1996.

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A C T I O N S T A K E N BY T H E S T A F F A N D T HE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Associated Banc-Corp., Green Bay, Wisconsin -- to
acquire SBL Capital Bank Shares, Inc., Lodi,
Wisconsin, and State Bank of Lodi.
Approved, January 26, 1996.

Chicago

Associated Banc-Shares, Inc., Madison, Wisconsin -to acquire SBL Capital Bank Shares, Inc., Lodi,
Wisconsin, and State Bank of Lodi.
Approved, January 26, 1996.

Boston

Banknorth Group, Inc., Burlington, Vermont -- to
acquire First Massachusetts Bank, N.A., Worcester,
Massachusetts.
Approved, January 25, 1996.

Minneapolis

Beulah Bancorporation, Sioux Falls, South Dakota -to acquire Fairview Bank, Fairview, Montana.
Approved, January 24, 1996.

San Francisco

California Community Bancshares Corporation,
Vacaville, California - - t o acquire Continental
Pacific Bank.
Permitted, January 25, 1996.

Chicago

Chemical Financial Corporation, Midland, Michigan
to acquire State Savings Bancorp, Inc., Caro,
Michigan, and State Savings Bank of Caro.
Approved, January 26, 1996.

Chicago

CJSB Bancorporation, Columbus Junction, Iowa - - t o
acquire Columbus Junction State Bank.
Approved, January 23, 1996.

St. Louis

CNB Bancshares, Inc., Evansville, Indiana -- to
acquire DuQuoin Bank, Duquoin, Illinois.
Approved, January 23, 1996.

Kansas City

Colorado Business Bankshares, Inc., Denver,
Colorado - - t o acquire Colorado Business Leasing,
Inc., and engage in leasing activities.
Withdrawn, January 22, 1996.

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1996

A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Minneapolis

Crosstown Holding Company, Ham Lake, Minnesota -- to
acquire Balaton Agency, Inc., Balaton, Minnesota,
and 21st Century Bank.
Approved, January 23, 1996.

Minneapolis

Dakotah Bankshares, Inc., Fairmount, North Dakota -to acquire Peoples State Bank.
Approved, January 23, 1996.

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota -- to
acquire FIL Holding Co., London, England; First
Interstate Holdings (UK) Ltd.; and First Interstate
Services Co. (UK).
Withdrawn, January 25, 1996.

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota -- to
acquire First Interstate Bancorp, Los Angeles,
California.
Withdrawn, January 25, 1996.

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota -- to
acquire First Interstate Resource Finance, Newport
Beach, California, and voting membership in Star
System, Inc.
Withdrawn, January 25, 1996.

Minneapolis

First Community Bancorp, Inc., Glasgow, Montana -- to
acquire Culbertson Ban Corp., Culbertson, Montana.
Approved, January 26, 1996.

Richmond

First United Bancorporation, Anderson, South Carolina
- - t o acquire The Community Bank of Greenville,
N.A., Greenville, South Carolina.
Approved, January 25, 1996.

Secretary

FNB Financial Corporation, Three Rivers, Michigan
to acquire The Interim First National Bank of Three
Rivers and The First National Bank of Three Rivers.
Approved, January 25, 1996.

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1996

A C T I O N S T A K E N BY T HE S T A F F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Minneapolis

FW Financial Inc., Huron, South Dakota, and First
Western Bancorp, Inc., Huron, South Dakota - - t o
engage in insurance agency activities through
acquisition of Baer’s Insurance Agency, Spearfish,
South Dakota.
Approved, January 26, 1996.

Chicago

Harbor Springs Financial Corporation, Harbor Springs,
Michigan - - t o acquire Select Bank, Grand Rapids,
Michigan.
Approved, January 23, 1996.

Chicago

ISB Financial Corp., Iowa City, Iowa -- to acquire
W.S.B. Inc., Washington, Iowa, and Washington State
Bank.
Approved, January 24, 1996.

Kansas City

Mercantile Bancorporation, Inc., St. Louis,
Missouri - - t o acquire Mercantile Bank of Jackson
County, Kansas City, Missouri.
Approved, January 25, 1996.

Chicago

Oelwein Bancorporation, Minneapolis, Minnesota - - t o
acquire Lakeside Credit Co., Inc., Minneapolis,
Minnesota, and First Trust and Savings Bank, Cedar
Rapids, Iowa.
Approved, January 26, 1996.

Cleveland

Ohio Valley Bancorp, Gallipolis, Ohio -- to engage de
novo in lending activities.
Permitted, January 26, 1996.

Atlanta

Pinellas Bancshares Corporation, St. Petersburg,
Florida - - t o acquire Eickhoff, Pieper &
Willoughby, Inc., Tampa, Florida, and engage in
investment and financial advisory activities.
Approved, January 26, 1996.

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J A N U A R Y 26,

1996

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

BANK HOLDING COMPANIES




Dallas

Quanah Financial Corporation, Quanah, Texas - - t o
acquire Quanah Bancshares, Inc., and First National
Bank.
Approved, January 25, 1996.

Dallas

Quanah Financial Corporation ESOP, Quanah, Texas -to acquire Quanah Financial Corporation, Quanah
Bancshares, Inc., and First National Bank.
Approved, January 25, 1996.

Atlanta

Regions Financial Corporation, Birmingham,
Birmingham, Alabama, and Merger BHC - - t o acquire
First National Bancorp, Gainesville, Georgia, and
subsidiaries.
Approved, January 26, 1996.

Atlanta

Regions Financial Corporation, Birmingham, Alabama,
and Regions Merger Subsidiary, Inc., Gainesville,
Georgia - - t o acquire First National Bancorp,
Gainesville, Georgia, FF Bancorp, Inc., New Smyrna
Beach, Florida, and First Federal Savings Bank of
New Smyrna Beach; and First Federal Savings Bank of
Citrus County, Inverness, Florida.
Approved, January 26, 1996.

Atlanta

Regions Merger Subsidiary, Inc., Gainesville, Georgia
- - t o acquire First National Bancorp, and Key
Bancshares, Inc., Tampa, Florida, and their
subsidiaries.
Approved, January 26, 1996.

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A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES

St. Louis

Sharon Bancshares, Inc., Sharon, Tennessee -- to
acquire Weakley County Bancshares, Inc., Dresden,
Tennessee.
Approved, January 25, 1996.

Atlanta

Sunset Bancorp, Inc., Sunset, Louisiana -- to acquire
Bank of Sunset and Trust Company.
Approved, January 26, 1996.

Kansas City

Swanton Agency, Inc., Swanton, Nebraska -- to acquire
Farmers State Bank, Plymouth, Nebraska.
Approved, January 22, 1996.

Chicago

West Points Bancshares, inc., Oshkosh, Wisconsin
to acquire West Points Bank.
Approved, January 23, 1996.

BANK MERGERS




Minneapolis

Farmers State Bank of Conrad, Conrad, Montana - - t o
merge with Farmers State Bank of Cut Bank, Cut
Bank, Montana, and to establish a branch.
Approved, January 29, 1996.

Kansas City

Mercantile Bank of Jackson County, Kansas City,
Missouri - - t o purchase certain assets and assume
certain liabilities of Mercantile Bank of Kansas
City; ax^d Mercantile Bank of Kansas, Overland Park,
Kansas.
Approved, January 25, 1996.

Kansas City

Mercantile Bank of Kansas, Overland Park, Kansas -to merge with Mercantile Bank of Jackson County,
Kansas City, Missouri.
Approved, January 25, 1996.

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1996

A C T I O N S T A K E N BY TH E S T A F F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK MERGERS
Cleveland

PremierBank & Trust, Elyria, Ohio - - t o acquire
eleven offices of Bank One Cleveland, N.A.,
Cleveland, Ohio, and to establish branches.
Approved, January 23, 1996.

BANK PREMISES
Chicago

North Shore Community Bank & Trust Company, Wilmette,
Illinois -- investment in bank premises.
Approved, January 25, 1996.

BANKS. FOREIGN
GC

Uniao de Bancos Brasileiros, Sao Paulo, Brazil -- to
file an after-the fact application to establish an
agency in Miami, Florida.
Approved, January 24, 1996.

BANKS. STATE MEMBER
S t . Louis

Arkansas Bank & Trust, Hot Springs, Arkansas
payment of a dividend.
Approved, January 23, 1996.

Minneapolis

Culbertson State Bank of Culbertson, Culbertson,
Montana -- payment of a dividend.
Approved, January 26, 1996.

CAPITAL STOCK
Dallas

Quanah Financial Corporation, Quanah, Texas -redemption of shares.
Approved, January 25, 1996.

CHANGE IN BANK CONTROL




Dallas

Bosque Bancshares, Inc., Cranfills Gap, Texas
change in bank control.
Permitted, January 24, 1996.

Minneapolis

Darwin Bancshares, Inc., Darwin, Minnesota -- change
in bank control.
Permitted, January 23, 1996.

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A C T I O N S T A K E N BY T H E S T A F F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL
Atlanta

FMB Bancshares, Lakeland, Georgia -- change in bank
control.
Permitted, January 22, 1996.

Atlanta

Independent Bancshares, Inc., Red Bay, Alabama -change in bank control.
Permitted, January 26, 1996.

Philadelphia

New Century Bank, Phoenixville, Pennsylvania -change in bank control.
Permitted, January 26, 1996.

St. Louis

Paducah Bank Shares, Inc., Paducah, Kentucky -change in bank control.
Permitted, January 26, 1996.

Dallas

Panhandle Bancshares, Inc., Panhandle, Texas -change in bank control.
Permitted, January 26, 1996.

Minneapolis

Sentry Bancorp, Inc., Edina, Minnesota -- change in
bank control.
Permitted, January 24, 1996.

COMPETITIVE FACTORS REPORTS




St. Louis

Boatmen's Bank of Northeast Arkansas, Jonesboro,
Arkansas, proposed acquisition of the assets and
assumption of the liabilities of the Walnut Ridge,
Arkansas, branch of Boatmen's National Bank of
Arkansas, Little Rock, Arkansas -- report on
competitive factors.
Submitted, January 24, 1996.

S t . Louis

Citizens Bank of Illinois, N.A., M t . Vernon,
Illinois, proposed merger with Duquoin National
Bank, Duquoin, Illinois -- report on competitive
factors.
Submitted, January 22, 1996.

H.2
J A N U A R Y 22,
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1996

A C T I O N S T A K E N BY THE S T A F F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




San Francisco

Citizens Commercial Trust & Savings Bank of Pasadena,
Pasadena, California, proposed merger with Chino
Valley Bank, Ontario, California -- report on
competitive factors.
Submitted, January 26, 1996.

Atlanta

Enterprise National Bank of Palm Beach, North Palm
Beach, Florida -- no significant anticompetitive
effect with respect to change in bank control
notice -- report on competitive factors.
Submitted, January 24, 1996.

Atlanta

First Farmers & Merchants National Bank, Columbia,
Tennessee, proposed purchase of the assets and
assumption of the liabilities of the Lewisburg,
Tennessee, and Mount Pleasant, Tennessee, branches
of Union Planters Bank of Middle Tennessee, N.A.,
Nashville, Tennessee -- report on competitive
factors.
Submitted, January 24, 1996.

Minneapolis

First National Bank of International Falls,
International Falls, Minnesota, proposed merger
with First National Bank of Baudette, Baudette,
Minnesota -- report on competitive factors.
Submitted, January 26, 1996.

Philadelphia

Harris Savings Bank, Harrisburg, Pennsylvania,
proposed merger with First Federal Savings & Loan
Association of Harrisburg -- report on competitive
factors.
Submitted, January 26, 1996.

Atlanta

Home Bank of Tennessee, Maryville, Tennessee,
proposed acquisition of the assets and assumption
of the liabilities of the three Blount County
branches of Home Bank of Tennessee, Ducktown,
Tennessee -- report on competitive factors.
Submitted, January 22, 1996.

San Francisco

Landmark Bank, La Habra, California, proposed merger
with California State Bank, West Covina, California
-- report on competitive factors.
Submitted, January 24, 1996.

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J A N U A R Y 22,
P A G E 11

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J A N U A R Y 26,

1996

A C T I O N S T A K E N BY T HE S T A F F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Boston

Mascoma Savings Bank, Lebanon, New Hampshire,
proposed purchase of the assets and assumption of
the liabilities of eight Vermont branches of Green
Mountain Bank, Rutland, New Hampshire -- report on
competitive.
Submitted, January 22, 1996.

Kansas City

New Guaranty Bank & Trust, Oklahoma City, Oklahoma,
proposed merger with Guaranty Bank & Trust -report on competitive factors.
Submitted, January 26, 1996.

San Francisco

RMG Savings and Loan Association, Fullerton,
California, proposed merger with Fullerton Savings
and Loan Association, F.S.L.A. -- report on
competitive factors.
Submitted, January 24, 1996.

Atlanta

SouthTrust Bank of Florida, N.A., St. Petersburg,
Florida, proposed merger with First of Englewood,
FSB, Englewood, Florida -- report on competitive
factors.
Submitted, January 24, 1996.

Kansas City

Sunflower Bank, N.A., Salina, Kansas, proposed merger
with The Peoples State Bank and Trust Co.,
Ellinwood, Kansas -- report on competitive factors.
Submitted, January 26, 1996.

New York

Union Savings Bank of Danbury, Danbury, Connecticut,
proposed purchase of certain assets and assumption
of certain liabilities of seven Connecticut
branches of Eagle Federal Savings Bank, Bristol,
Connecticut -- report on competitive factors.
Submitted, January 26, 1996.

Richmond

Wake Forest Federal Savings & Loan Association, Wake
Forest, North Carolina, proposed merger with WF
Interim Federal Savings & Loan Association -report on competitive factors.
Submitted, January 22, 1996.

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J A N U A R Y 22,
P A G E 12

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J A N U A R Y 26,

1996

A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME




Director, BS&R

AmSouth Bancorporation, Birmingham, Alabama -extension to divest certain property.
Granted, January 26, 1996.

Boston

Berkshire Bancorp, Pittsfield, Massachusetts,
M.H.C. -- extension to acquire Berkshire County
Savings Bank.
Granted, January 26, 1996.

Atlanta

First National Bancorp, Gainesville, Georgia -extension to May 22, 1996, to acquire The Bank of
Heard County, Franklin, Georgia.
Granted, January 23, 1996.

Atlanta

Henderson Bancshares, Inc., Troy, Alabama -extension to April 2*4, 1996, to acquire Troy Bank &
Trust Company; and for Trust #3 to acquire
Henderson Bancshares, and Troy Bank & Trust
Company.
Granted, January 23, 1996.

Atlanta

Home Savings Bank Employee Stock Ownership Plan,
Meridian, Mississippi -- extension to April 26,
1996, to acquire Home Savings Bank, S S B .
Granted, January 26, 1996.

Minneapolis

JDOB, Inc., Sandstone, Minnesota -- extension to
May 3, 1996, to acquire Prairie National Bank,
Belle Plaine, Minnesota.
Granted, January 26, 1996.

Atlanta

Liberty Shares, Inc., Hinesville, Georgia -extension to April 27, 1996, to engage in insurance
agency activities through Hinesville Finance, Inc.
Granted, January 23, 1996.

Director, BS&R

NationsBank Corporation, Charlotte, North Carolina -extension to satisfy a commitment.
Granted, January 22, 1996.

Minneapolis

Northern Plains Investment, Inc., Jamestown, North
Dakota -- extension to February 21, 1996, to
increase ownership in Stutsman County State Bank.
Granted, January 23, 1996.

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J A N U A R Y 22,
P A G E 13

1996

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J A N U A R Y 26,

1996

A C T I O N S T A K E N BY THE S T A F F A N D TH E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
Chicago

Northern Trust Company, Chicago, Illinois -extension to May 21, 1996, to merge with Northern
Trust Bank / O'Hare, National Association; Northern
Trust Bank / Lake Forest, National Association,
Lake Forest; Northern Trust Bank / DuPage, Oakbrook
Terrace, Illinois, and to establish branches.
Granted, January 24, 1996.

Chicago

Northern Trust Company, Chicago, Illinois -extension to May 21, 1996, to establish branches at
1501 Woodfield Road, Schaumburg; 265 Deerpath Road,
Lake Forest; 120 East Scranton Avenue, Lake Bluff;
959 South Waukegan Road, Lake Forest; 701 South
McKinley; One Oakbrook Terrace, Oakbrook Terrace;
and 400 East Diehl Road, Naperville, Illinois.
Granted, January 24, 1996.

New York

Saban S.A., Gibraltar, and RNYC Holdings Limited,
Gibraltar -- extension to April 28, 1996, to
acquire shares of Republic New York Corporation,
New York, New York, and RNYCH to acquire shares of
RNYC.
Granted, January 25, 1996.

Chicago

First Banking Center-Albany, Albany, Wisconsin -- to
become a member of the Federal Reserve System.
Approved, January 25, 1996.

Chicago

First Banking Center-Burlington, Burlington,
Wisconsin -- to become a member of the Federal
Reserve System.
Approved, January 26, 1996.

Kansas City

Mercantile Bank of Jackson County, Kansas City,
Missouri -- to become a member of the Federal
Reserve System.
Approved, January 25, 1996.

Kansas City

Mercantile Bank of Kansas, Overland Park, Kansas -to become a member of the Federal Reserve System.
Approved, January 25, 1996.

MEMBERSHIP




H.2
J A N U A R Y 22,
P A G E 14

1996

TO

J A N U A R Y 26,

1996

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

REGULATIONS AND POLICIES
Secretary
FOMC

Federal Open Market Committee -- copies of edited and
redacted transcripts of meetings of the FOMC held
during 1990 made available to the public.
Announced, January 23, 1996.

RESERVE BANK OPERATIONS
Director, BS&R

Federal Reserve Bank of New York - - t o acquire a new
local area network electronics system for the three
head office buildings.
Approved, January 23, 1996.

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.
Published, January 26, 1996.

H .2
J A N U A R Y 22,
P AGE 15

ADDITIONS AND CORRECTIONS
1996

TO

J A N U A R Y 26,

1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Capital adequacy guidelines -- final rule to amend
risk-based capital guidelines by modifying the
criteria used to define the OECD-based group of
countries (Docket R-0849).
Approved, November 1, 1995.
Regulation K -- revisions governing the establishment
and activities of representative offices of foreign
banks (Docket R-0754).
Approved, January 19, 1996.
Regulation Z -- request for comment whether rules on
Truth in Lending provide adequate protection for
consumers seeking home-equity lines of credit
(Docket R-0913).
Approved, January 19, 1996.

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

BANK HOLDING COMPANIES




Kansas City

Geneva State Company, Geneva, Nebraska -- to engage
de novo in community development activities by
investing in Bicentennial Apartments, Inc., L.L.C.
Approved, January 10, 1996.

Cleveland

Pittsburgh Home Financial Corp. Pittsburgh,
,
Pennsylvania -- to acquire Pittsburgh Home Savings
Bank, Philadelphia, Pennsylvania.
Approved, January 12, 1996.

Director, BS&R

Union Bank of Switzerland, New York, New York -request for relief from certain commitments that
separate its operations and those of subsidiaries
from the operations of UBS Asset Management Inc.,
New York, New York.
Granted, January 18, 1996.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY

Application

Comment Period Ending Date
NONE
S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

Comment Period Ending Date

Peoples Heritage Financial
Newspaper
Group, Inc., Portland,
Maine - 3 (a)(1)/3(a)(5)
Federal Register
application to acquire Bank
of New Hampshire Corporation
and its subsidiary, Bank of
New Hampshire, both of
Manchester, New Hampshire*

02-11-96
02-09-96

The Governor and Company of
Newspaper
the Bank of Ireland, Dublin,
Ireland - 3(a) (2)/3(a) (3)
application to acquire 23.5% Federal Register
of Citizens Financial Group,
Inc., Providence, Rhode Island*

02-11-96
Revised Date 02-15-96

The Royal Bank of Scotland
Newspaper
Group pic, The Royal Bank
of Scotland pic, both of
Edinburgh, Scotland and
Federal Register
Citizens Financial Group,
Inc. Providence, Rhode
,
Island (Citizens) - 3(a)(2)/
3(a)(3)/3(a)(5) application
to acquire First NH Bank,
Manchester, New Hampshire
and to merge Bank of Ireland
First Holdings, Inc.,
Manchester, New Hampshire
with Citizens*

02-11-96
Revised Date 02-15-96

02-16-96

02-16-96

S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O
FEDERAL REGISTER NOTICE ONLY

Application

Comment Period Ending Date
NONE
S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE
SECTION V

Institution

- A V A I L A B I L I T Y OF C R A P U B L I C E V A L U A T I O N S

Examination Date

Rating**

NONE
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory; "N" - Needs to
Improve; "SN" - Substantial Noncompliance.



F e d e r a l R e s e r v e Bank o f New Y o rk

Comment Period
__Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Application by United Jersey Bank, Hackensack,
New Jersey, to establish a branch at A&P Food
Market, Kenilworth Boulevard and Market Street,
Kenilworth, New Jersey. 1/

02/22/96

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Application by Westwood Financial Corporation,
Westwood, New Jersey, to become a bank holding
company with respect to Westwood Savings Bank,
Westwood, New Jersey. 1/

02/21/96 3 /

SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs.




An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a 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.
Week Ending January 27, 1996
NAME OF BANK
Community Bank of Bergen County
125 West Pleasant Avenue
Maywood, New Jersey 07607

H| C |
M

/
/

3/

4/




RATING

EXAMINATION DATE

Needs to
Improve

August 8, 1995

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I • APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER
NOTICE ONLY
Dauphin Deposit Bank and Trust Company, Harrisburg, PA to establish a branch office at
the Giant Food Store, South Spring Garden Street, Carlisle, PA.
Newspaper comment period expires:

02/14/96

SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER
FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL
REGISTER NOTICE ONLY
United Valley Bancorp. Philadelphia, PA requests prior approval to acquire at least 50
percent of Eagle Valley Financial Services, Inc., Philadelphia, PA, and thereby engage in
mortgage banking pursuant to section 4(c)(8) of the BHC Act and section 225.25(b)(1) of
Regulation Y.
Federal Register comment period expires:

N/Avail

SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER
Heritage Bancorp. Pottsville, PA requests a waiver o f one of its commitments relating to its
passive investment in East Penn Bank, Emmaus, PA.




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 26, 1996.
Identification o f Ratings
In connection with the assessment of each insured depository institution’s CRA performance,
a rating is assigned from the following groups:
Outstanding record 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 m eet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping to m eet the
credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs.
A n institution in this group needs to improve its overall record o f ascertaining and helping
to m eet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining and helping
to m eet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.

Bank/Location

Examination D ate

CRA Rating

Berks County Bank
400 Washington Street
Reading, PA

09/05/95

Satisfactory




F ederal R eserve B ank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-13 87

APPLICATIONS BULLETIN
(For the week ending January 27, 1996)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received application from The Ohio Bank, Findlay, Ohio,
on December 18, 1995, of its intent to acquire 5 select offices
of Society National Bank, Cleveland, Ohio, and incident thereto
establish branch facilities.

* Not Yet Known #

Received application from Chippewa Valley Bank,
Rittman, Ohio, on January 8, 1996, of its intent to
acquire the Doylestown and Clinton, Ohio, offices
of First National Bank of Ohio, Akron, Ohio, and
incident thereto establish branch facilities.

* February 9, 1996

SECTION

n - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE
NONE

SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE

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




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(January 26, 1996)

The following state member banks have been examined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended January 26,
1996. If you are interested in obtaining a copy of an evaluation document, please contact the
bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and
helping to meet the credit needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record 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 NON COMPLIANCE: a bank in this group has a substantially
deficient record o f ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
NONE




Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only

Comment Period Ending Date

Application
Centura Bank, Rocky Mount, North Carolina, to
establish a branch at 34 Second Street, N.W.
Hickory, North Carolina.*

2-13-96

Farmers Bank of Maryland, Annapolis, Maryland,
to acquire the Edgewater, Maryland, branch of
First Virginia Bank-Mary1and, Upper Marlboro,
Maryland.*

2-17-96

First Virginia Bank-Commonwealth, Grafton,
Virginia, to acquire six branches of First
First Virginia Bank, Tidewater, Norfolk,
Virginia, located in Hampton, Newport News,
Poquoson, and Yorktown, Virginia.*

2-17-96

First Bank, Strasburg, Virginia, to establish
an Electronic Funds Transfer Facility within
Judd’
s, Inc., 294 Front Royal Road, Strasburg,
Virginia.*

2-23-96

Signet Bank, Richmond, Virginia, to merge with
Signet Bank, National Association, Washington,
D. C. (after the latter’ relocation to Falls
s
Church, Virginia).*

2-26-96

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
F & M National Corporation, Winchester,
Virginia, to merge with FB&T Financial
Corporation, Fairfax, Virginia.*

Comment Period Ending Date

2-23-96

Section III - Applications Subject to Federal Register Notice
Application
United Bankshares, Inc., Charleston, West
Virginia, to merge with Eagle Bancorp, Inc.,
Charleston, West Virginia.*

*Application is subject to CRA requirements.




Comment Period Ending Date

2-26-96




Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
Old North State Bank, Winston-Salem,
North Carolina, for membership in the
Federal Reserve System.
Peoples State Bank, Inc., Clarksburg,
West Virginia, for membership in the
Federal Reserve System.

Federal Reserve Bank of Richmond
Section V - Availability of CAR Public Evaluations
Week ending January 26, 1996
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate -income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date

Rating

FCNB Bank
1 North Market Street
Frederick, Maryland 21705-5450

11-6-95

Outstanding

F & M Bank
9401 West Broad Street
Richmond, Virginia 23294

11-6-95

Satisfactory

The Annapolis Banking and Trust Company
236 Main Street
Annapolis, Maryland 21401-2048

11-13-95

Satisfactory

Th Marathon Bank
4095 Valley Pike
Winchester, Virginia 22602

11-13-95

Outstanding




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 26, 1995
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

Citi-Bancshares, Inc.
Leesburg, Florida
To merge with Citizens First Bancshares, Inc.,
directly acquire Citizens First Bank of Ocala,
Section 3(a) (5) of the Bank Holding Company Act.

01-13-96*
Newspaper
Ocala, Florida, and thereby
Ocala, Florida, pursuant to

BancTenn Corp.
02-23-96*
Kingsport, Tennessee
Federal Register
To acquire up to 12.495 percent of Cornerstone Community Bank, Chattanooga,
Tennessee (in organization), pursuant to Section 3(a) (3) of the Bank Holding
Company A c t .
Carter County Bancorp, Inc.
02-23-96*
Elizabethton, Tennessee
Federal Register
To acquire up to 12.495 percent of Cornerstone Community Bank, Chattanooga,
Tennessee (in organization), pursuant to Section 3(a)(3) of the Bank Holding
Company A c t .
Community Financial Group, Inc.
Not yet available*
Nashvilie, Tennessee
1-BHC formation, The Bank of Nashville, Nashville, Tennessee.
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

None.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Compass Bancshares, Inc.
Birmingham, Alabama
Request for waiver of the application requirement of Section 3(a) (5) of the Bank
Holding Company Act for the proposal, along with Compass Banks of Texas, Inc.,
and Compass Bancorporation of Texas, Inc., both of Birmingham, Alabama, to merge
with Equitable Bancshares, Inc., and thereby directly acquire Equitable Bank,
Dallas, Texas, both of Dallas, Texas.

♦Subject to the provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 26, 1996
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions listed below
became available during this week.
Information about an institution's CRA
evaluation may be obtained directly from the institution. In connection with the
assessment of an institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate -income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution needs
to improve its overall record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate -income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs: An institution has
a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Bank
None.




Rating

Examination
Date

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 26, 1996
Recently Approved Applications

Approval Date

Regions Financial Corporation
01-26-96
Birmingham, Alabama
Along with Regions Merger Subsidiary, Inc., Gainesville, Georgia, to acquire
First National Bancorp, Gainesville, Georgia, and its thrift and bank holding
company FF Bancorp, Inc., New Smyrna Beach, Florida, and its affiliate thrift
institutions, First Federal Savings Bank of New Smyrna Beach, New Smyrna Beach,
Florida, and First Federal Savings Bank of Citrus County, Inverness, Florida,
pursuant to Section 225.25(b) (9) of Regulation Y and Section 4(c) (8) of the Bank
Holding Company A c t .
Regions Financial Corporation
01-26-96
Birmingham, Alabama
Along with Regions Merger Subsidiary, Inc., Gainesville, Georgia, to acquire
First National Bancorp, Inc., Gainesville, Georgia, and thereby indirectly
acquire its bank holding company and bank subsidiaries, Key Bancshares, Inc.,
Tampa, Florida; The Key Bank of Florida, Tampa, Florida; The First National Bank
of Gainesville, Gainesville, Georgia; First National Bank of Habersham, Cornelia,
Georgia; Granite City Bank, Elberton, Georgia; Bank of Clayton, Clayton, Georgia;
First National Bank of White County, Cleveland, Georgia; First National Bank of
Jackson County, Jefferson, Georgia; The Citizens Bank, Toccoa, Georgia; Bank of
Banks County, Homer, Georgia; First National Bank of Gilmer County, Ellijay,
Georgia; The Peoples Bank of Forsyth County, Cumming, Georgia; Pickens County
Bank, Jasper, Georgia; The First National Bank of Paulding County, Dallas,
Georgia; Citizens Bank, Ball Ground, Georgia; Bank of Villa Rica, Villa Rica,
Georgia; The Community Bank of Carrollton, Carrollton, Georgia; The Commercial
Bank, Douglasville, Georgia; and Barrow Bank & Trust Company, Winder, Georgia;
pursuant to Section 3(a)(3) of the Bank Holding Company Act.
The Weatherford Foundation of Red Bay, Alabama, Inc.
01-26-96
Red Bay, Alabama
After-the-fact change in control notice by Ms. Ruth Cain Thorne to retain the
power to vote, in her capacity as trustee of The Weatherford Foundation of Red
Bay, Alabama, Inc., Red Bay, Alabama (Foundation), 60.90 percent of Independent
Bancshares, Inc., Red Bay, Al (Bancshares).
Foundation is the top tier bank
holding company of Bancshares, which, in turn, owns Bank of Red Bay, Red Bay,
Alabama.
Pinellas Bancshares Corporation
01-26-96
St. Petersburg, Florida
To acquire Eickoff, Pieper & Willoughby, Inc., Tampa, Florida, and thereby engage
in providing investment or financial advice, pursuant to Section 4(c) (8) of the
Bank Holding Company Act and Section 225.25(b)(4) of Regulation Y.
Regions Merger Subsidiary, Inc.
01-26-96
Gainesville, Georgia
1-BHC formation, First National Bancorp, Gainesville, Georgia, and thereby
acquire its bank holding company and bank subsidiaries, Key Bancshares, Inc.,
Tampa, Florida; The Key Bank of Florida, Tampa, Florida; The First National Bank
of Gainesville, Gainesville, Georgia; First National Bank of Habersham, Cornelia,
Georgia; Granite City Bank, Elberton, Georgia; Bank of Clayton, Clayton, Georgia;
First National Bank of White County, Cleveland, Georgia; First National Bank of
Jackson County, Jefferson, Georgia; The Citizens Bank, Toccoa, Georgia; Bank of
Banks County, Homer, Georgia; First National Bank of Gilmer County, Ellijay,
Georgia; The Peoples Bank of Forsyth County, Cumming, Georgia; Pickens County
Bank, Jasper, Georgia; The First National Bank of Paulding County, Dallas,
Georgia; Citizens Bank, Ball Ground, Georgia; Bank of Villa Rica, Villa Rica,
Georgia; The Community Bank of Carrollton, Carrollton, Georgia; The Commercial
Bank, Douglasville, Georgia; and Barrow Bank & Trust Company, Winder, Georgia.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 26, 1996
Recently Approved Applications

Approval Date

FMB Bancshares, Inc.
01-22-96
Lakeland, Georgia
Change in control notice by Mr. William L. Lee to acquire an additional 1.79
percent of the outstanding shares of FMB Bancshares, Inc.,Lakeland, Georgia. The
acquisition will increase his total ownership percentage from 13.45 percent to
15.24 percent.
Sunset Bancorp, Inc.
01-26-96
Sunset, Louisiana
1-BHC formation, Bank of Sunset and Trust Company, Sunset, Louisiana.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Type

Application

EFT

Harris Trust & Savings Bank
Chicago, Illinois
St. Elizabeth Hospital
1431 W. Claremont Avenue
Chicago, Illinois

NP - 1-23-96

Branch

Comerica Bank
Detroit, Michigan
15455 Haggerty Road
Plymouth, Michigan

NP - **

Branch

Midwest Guaranty Bank
Troy, Michigan
37601 Five Mile Road
Livonia, Michigan

NP - 2-16-96




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

Type

Application

Y-l

First Capital Bankshares, Inc.
Peoria, Illinois
First Capital Bank
Peoria, Illinois* (in organization)

FR - 2-2-96
NP - 1-22-96

Y-2

Evans Bancshares, Inc.
Evansdale, Iowa
Olmsted National Bank
Rochester, Minnesota* (in organization)

FR - 1-30-96
NP - 1-26-96

Y-l

Holcomb Bancorp, Inc. Employee Stock Ownership Plan
Holcomb, Illinois
Holcomb Bancorp, Inc.
Holcomb, Illinois
Holcomb State Bank
Holcomb, Illinois*

FR - 2-16-96

Y-2

NBE Bancshares, Inc.
Earlville, Illinois
Pinnacle Bancshares, Inc.
Paw Paw, Illinois
State Bank of Paw Paw
Paw Paw, Illinois*

FR - 2-20-96
NP - **

Y-2

Bank of Waunakee Stock Ownership Plan
Waunakee, Wisconsin
Waunakee Bank Shares, Inc.
Waunakee, Wisconsin
Bank of Waunakee
Waunakee, Wisconsin*

FR - 2-22-96
NP - **\

Y-2

First Michigan Bank Corporation
Holland, Michigan
Arcadia Financial Corporation
Portage, Michigan
Arcadia Bank & Trust Company
Kalamazoo, Michigan*

FR - 2-26-96
NP - **




NP - **

Federal Reserve Bank of Chicago
Section IT - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-l

Associated Banc-Shares, Inc.
Madison, Wisconsin
SBL Capital Bank Shares, Inc.
Lodi, Wisconsin
State Bank of Lodi
Lodi, Wisconsin*

FR - 1-8-96
NP - 1-24-96

Y-2

Associated Banc-Corp
Green Bay, Wisconsin
SBL Capital Bank Shares, Inc.
Lodi, Wisconsin
State Bank of Lodi
Lodi, Wisconsin*

FR - 1-8-96
NP - 1-24-96

Y-2

Associated Banc-Corp
Green Bay, Wisconsin
Greater Columbia Bancshares, Inc.
Portage, Wisconsin
First National Bank of Portage
Portage, Wisconsin*

FR - 2-2-96
^jp _ * *

Y-2

Associated Banc-Shares, Inc.
Madison, Wisconsin
Greater Columbia Bancshares, Inc.
Portage, Wisconsin
First National Bank of Portage
Portage, Wisconsin*

FR - 2-2-96
_ **

Y-2

Fidelity Company
Dyersville, Iowa
Valley State Bank
Guttenberg, Iowa* (in organization)

FR - 1-29-96
NP - 1-22-96

Y-2

Hamburg Financial, Inc.
Hamburg, Iowa
Thurman State Corporation
Lincoln, Nebraska
United National Bank of Iowa
Sidney, Iowa*

FR - 1-29-96
NP - 1-22-96




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

Type

Application

Noiie

N - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
** Not available at this time




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Onlv

Tvpe

Application

4(c)(8)

Firstbank of Illinois Co.
Springfield, Illinois
to engage in consumer finance business
through its subsidiary MidCountry Financial, Inc.
Highland, Illinois




Comment Period
Ending Date

FR - 1-22-96

Federal Reserve Bank of Chicago
Section V - Availability of CRA Public Evaluations

The following state member banks have been examined by the Federal Reserve Bank o f 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 26, 1996. 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 o f ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

SN -

An institution in this group has a substantial noncompliance record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

First Community Bank
200 East Main Street
Harbor Springs, Michigan 49740-0200
(616) 526-2114

10/10/95

S

Isabella Bank & Trust
200 East Broadway
Mount Pleasant, Michigan 48804-0100
(517) 772-9471

10/02/95

S

Bank of Geneva
215 East Line Street
Geneva, Indiana 46740
(219) 368-7288

10/16/95

S




Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JANUARY 26, 1996

Application

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

None.

Application

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

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Community First
Financial Group, Inc., English, Indiana, to
acquire a 9% interest in Independent Bankers
Life Insurance Company of Indiana, Phoenix,
Arizona (previously reported during week
ending 1-12-96).

2-14-96

Section 4(c)(8) notification by Farmers Bancshares,
Inc., Hardinsburg, Kentucky, to acquire Breckinridge
Loan, Inc., Hardinsburg, Kentucky (previously
reported during week ending 1-19-96).

2-9-96

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
Section 9 membership application by Security
Bank, Harrison, Arkansas.

*This application is subject to CRA.




N/A*

FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f m eeting com m unity credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet
the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
Satisfactory record o f m eeting community credit needs
An institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs
of its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record o f m eeting 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 m eeting com m unity credit needs
An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit
needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank

None




January 26, 1996

Bank Address

Examination
Date

Examination
Rating

F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS
Section I - Applications Subject to
Newspaper Notice Only

Comment Period
Ending Date

Application
Rocky Mountain Bank, Billings, Montana, for prior
approval to merge with Security State Bank,
Plentywood, Montana, and, incident thereto,
establish a branch in Plentywood, Montana.

Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Norwest Corporation, Minneapolis, Minnesota, for
prior approval to acquire 100% of the voting shares of
the AmeriGroup, Incorporated, Minnetonka, Minnesota. *

February 25, 1996
(Federal Register)

JRS Investments, Limited Parnership, Billings, Montana,
for prior approval to become a bank holding company
through the acquisition of 7.18% of the voting shares of
First Interstate BancSystem of Montana Inc., Billings,
Montana. *

February 25, 1996
(Federal Register)

Nbar5, Limited Partnership, Ranchester, Wyoming,
for prior approval to become a bank holding company
through the acquisition of 15.43% of the voting shares
of First Interstate BancSystem of Montana Inc., Billings,
Montana. *

February 25, 1996
(Federal Register)

Bank Southwest Corporation, Worthington, Minnesota,
for prior approval to acquire 100% of the voting shares of
the First Security Bank-Madison, Madison, Minnesota. *

February 25, 1996
(Federal Register)

Farmers State Corporation, Mountain Lake, Minnesota,
for prior approval to indirectly acquire 100% of the
voting shares of the First Security Bank-Madison,
Madison, Minnesota. *

February 25, 1996
(Federal Register)

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
None.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 26 , 1996
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 maimer 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
)
NONE.




DATE OF EXAMINATION

CRA RATING

Federal Reserve Bank of Kansas City

SECTIO N I - APPLICATIONS SU BJECT TO N EW SPA PER N O TIC E ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

Rocky Mountain State Bank, Rangely, Colorado, for
prior approval to invest an additional $95,000 in bank
premises.

Not Available

SECTIO N II - APPLICA TIO N S SUBJECT T O BOTH
N EW SPAPER AND FED ERA L R EG ISTER N O TIC E
APPLICATION

COMMENT PERIOD ENDING DATE

Southern Colorado Bank Holding Company, Pagosa
Springs, Colorado, for prior approval to acquire 100
percent of the voting shares of Mancos
Bancorporation, Inc., Mancos, Colorado.*

February 25, 1996

Arthur W. Cousatte, Miami, Oklahoma, for prior
approval to acquire an additional 20 percent of the
voting shares of Welch Bancshares, Inc., Welch,
Oklahoma.*

Not Available

SECTIO N III - A PPLICATIONS SUBJECT TO FEDERAL REG ISTER N O TIC E ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.
SECTIO N IV - APPLICA TIO N S NOT SU BJECT TO FED ERA L R E G ISTER N O TIC E
OR NEW SPAPER N O TIC E
APPLICATION
None.
SEC TIO N V - AVAILABILITY O F CRA PUBLIC EVALUATIONS
Identification of R atings
In connection with the assessment of each insured depository institution's CRA performance, a
rating is assigned from the following groups:




Federal Reserve Bank of Kansas City

Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.

Bank/Location

Exam Date

CRA Public
Date

First Security Bank
P.O . Box 460
Newcastle, Wyoming 82701-0460

10-24-95

01-24-96

♦Application is subject to CRA.




CRA
Rating
Outstanding

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 22, 1996
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP

APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Change in Control Notice by
Fred and Jayne Esgar; Dave Esgar and Julie Phillips
Esgar; Dave Esgar, for the benefit of Shea Esgar,
a minor; Dave Esgar, for the benefit of Leah Esgar,
a minor; Dave Esgar, for the benefit of Zach Esgar,
a minor, Wiley, Colorado, to acquire
an interest in
Panhandle Bancshares, Inc., Panhandle, TX
(Previously reported during the week of 12-18-95)
♦Section 3(a)(3) application by
Quinlan Bancshares, Inc., Quinlan, TX, to
acquire Citizens State Bank, Royce City, TX
(Previously reported during the week of 1-8-96)

** NOTICE EXP

96/01/10

96/02/19

♦Section 3(a)(3) application by
East Texas National, Inc., Palestine, TX, to acquire
American Bank, Huntsville, TX

N/A

♦Section 3(a)(3) application by
East Texas-Dover, Inc., Wilmington, DE, to acquire
American Bank, Huntsville, TX

N/A

♦Section 3(a)(3) application by
Executive Bancshares, Inc., Paris, TX, to acquire
Collin County National Bank, McKinney, TX (de novo)

N/A




SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
NOTICE ONLY
APPLICATION

NOTICE EXP

Section 4(c)(8) notification by
Woodforest Bancshares, Inc , Houston, TX,
to acquire Mutual Money Investments, Inc., Houston, TX,
(doing business as Tri-Star Financial)
(providing investment or financial advisory services;
providing to others data processing services; and
providing securities brokerage services)

96/02/12

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.




FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 1/26/96
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Westamerica Bank, San Rafael, California, to
merge with Napa Valley Bank, Napa, California. *

Newspaper:

2/28/96

Westamerica Bank, San Rafael, California, to
establish an automated teller machine at 1221
Strawberry Village, Mill Valley, California. *

Newspaper:

2/23/96

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
First Hawaiian, Inc., Honolulu, Hawaii, to
acquire Pacific One Bank, Portland, Oregon. *

Not available

Fed. Rea.:

M. Jeffrey, Bruce H., Paige P., and Kathryn E.
Qvale, San Francisco, California, to acquire an
additional 21.37 percent of Marin National Bancorp,
San Rafael, California. *

Newspaper:

2/02/96

Newspaper:

Not available

Fed. Reg.:

Not available

Section III -Applications Subject to Federal Register Only
BancWest Corporation, San Francisco, California,
to engage in owning a savings assocation, through
the acquisition of Northbay Savings Bank, F.S.B.,
Petaluma, California.

Fed. Reg.:

2/09/96

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice (Cont’d.l
None*

* Subject to CRA.



SECTION V - A V A ILA B ILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JANUARY 2 2 . 1996

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 1/26/96
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending January 26, 1996. Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution

Location

American Pacific Bank

112 Main Street
Aumsville, OR 97325
(503) 749-1200

Examination Date
10/09/95

♦Under the rating system an institution’s CRA performance
following
four ratings:

Rating*
Satisfactory

is assigned one of the

Outstanding record

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

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

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San
Francisco, and is not intended to replace formal notices required by statute or
regulation; the Reserve Bank assumes no responsibility for errors or omissions.




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