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ANNOUNCEMENT
BOA R D OF GOV E R N O R S
OF TH E
FE D E R A L R E S E R V E S Y S T E M

H . 2, 1991, NO. 1
Ac t i o n s of the Board, its Staff, and
the F ederal R e s e r v e Banks;
A p p l i c a t i o n s and R e ports R e c eived
D u ring the W e e k E n d i n g J a n u a r y 4, 1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

ENFORCEMENT
Hibernia Corporation, New Orleans, Louisiana —
written agreement dated December 23, 1991, with the
Federal Reserve Bank of Atlanta.
Announced, January 3, 1992.
West Coast Bank, Sarasota, Florida — written
agreement dated December 19, 1991, with the Federal
Reserve Bank of Atlanta and the State Comptroller
and Banking Commissioner of the State of Florida,
Tallahassee, Florida.
Announced, January 3, 1992.
INTERNATIONAL OPERATIONS
Citibank Overseas Investment Corporation, New Castle,
Delaware — to invest in Citicorp Investment Bank
Limited, London, England.
Permitted, December 30, 1991.

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
Atlanta

First Southern Bank, Boca Raton, Florida — to
establish branches at 1 South Ocean Boulevard (to
be known as the A1A office), and 21301 Powerline
Road, (to be known as the Powerline office).
Approved, January 3, 1992.

Cleveland

Heartland Bank, Grove City, Ohio — to establish a
branch at 130 North Wilson Road, Columbus, Ohio.
Approved, January 2, 1992.

BANK HOLDING COMPANIES
Dallas




Albany Bancshares Nevada Financial Corporation, Reno,
Nevada — to acquire 1st National Bank of Albany /
Breckenridge, Albany, Texas.
Approved, December 31, 19*1.

H.2
DECEMBER 30, 1991
PAGE 2

TO

JANUARY 3, 1992

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

BANK HOLDING COMPANIES




Dallas

Azle Holdings, Inc., Wilmington, Delaware —
acquire Azle State Bank, Azle, Texas.
Approved, December 30, 1991.

to

Dallas

Baylor / Delaware Corp., Wilmington, Delaware — to
acquire Matador Bancshares, Inc., Matador, Texas,
First State Bank of Matador; and First National
Bank of Seymour, Seymour, Texas.
Approved, December 30, 1991.

S t . Louis

CBT Corporation, Paducah, Kentucky; Paducah Bank
Shares Inc.; and Peoples First Corporation — to
engage in community development activities through
First Park Partners.
Returned, December 31, 1991.

San Francisco

Diasonics Incorporated, Milpitas, California
registration statement.
Withdrawn, December 30, 1991.

Chicago

Edgemark Financial Corporation, Chicago, Illinois —
to convert equity commitment note to senior debt.
Approved, December 31, 1991.

Minneapolis

Elkton Holding Company, Elkton, South Dakota —
acquire the Corn Exchange Bank.
Approved, December 31, 1991.

Atlanta

Financial Investors of the South, Inc., Birmingham,
Alabama — to acquire Bank of Alabama, Fultondale,
Alabama.
Approved, December 31, 1991.

Dallas

First Bancshares of Natchitoches, Inc., Natchitoches,
Louisiana — to engage in originating loans.
Returned, January 2, 1992.

Dallas

Hamlin Financial Corporation of Delaware, Dover,
Delaware — to acquire Hamlin National Bank.
Approved, December 31, 1991.

to

H.2

DECEMBER 30, 1991
PAGE 3

TO

JANUARY 3, 1992

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

BANK HOLDING COMPANIES
Boston

People1s Savings Financial Corp., New Britain,
Connecticut — to retain a 9.3 percent interest in
Federal Savings Bank, F.S.B.
Approved, January 3, 1992.

Dallas

Peoples National Holdings, Inc., Wilmington, Delaware
-- to acquire Peoples National Bank, McKinney,
Texas.
Returned, January 2, 1992.

Cleveland

Second Bancorp, Inc., Warren, Ohio — to acquire
Aurora Federal Savings Bank, Aurora, Ohio.
Returned, January 2, 1992.

S t . Louis

TCBankshares, Inc., North Little Rock, Arkansas -- to
acquire The Twin City Bank.
Approved, December 30, 1991.

BANK PREMISES
Kansas City

Bank of Boulder, Boulder, Colorado -- investment in
bank premises.
Approved, January 2, 1992.

Chicago

Harris Bank St. Charles, St. Charles, Illinois —
investment in bank premises.
Approved, December 31, 1991.

BANKS, STATE MEMBER




Kansas City

First State Bank, Ness City, Kansas —
dividend.
Approved, December 31, 1991.

Chicago

New Asia Bank, Chicago, Illinois —
subordinated capital note.
Approved, December 30, 1991.

payment of a

issuance of

H.2

DECEMBER 30, 1991
PAGE 4

TO

JANUARY 3, 1992

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

CAPITAL STOCK
Minneapolis

Chisago Bancorporation, Inc., Chisago City,
Minnesoata — redemption of shares.
Approved, January 3, 1992.

Chicago

Security Bancorp,. Stanton, Iowa —
shares.
Returned, January 2, 1992.

redemption of

CHANGE IN BANK CONTROL
Kansas City

Bank Management, Inc., Wahoo, Nebraska -- change in
bank control.
Permitted, December 31, 1991.

Chicago

Kingston State Bank, Kingston, Michigan —
bank control.
Returned, December 31, 1991.

Minneapolis

Rice Lake Bancorp, Inc., Rice Lake, Wisconsin —
change in bank control.
Permitted, January 2, 1992.

change in

COMPETITIVE FACTORS REPORTS




Dallas

Bluebonnet Savings Bank, FSB, Dallas, Texas, proposed
merger with Amwest Savings Association, Bryan,
Texas — report on competitive factors.
Submitted, January 3, 1992.

Richmond

First Citizens Bank & Trust Company of South
Carolina, Columbia, South Carolina, proposed
acquisition of the Darlington branch of Citizens
and Southern National Bank of South Carolina,
Columbia, South Carolina — report on competitive
factors.
Submitted, December 31, 1991.

Kansas City

First National Bank & Trust, Salina, Kansas, proposed
merger with The First State Bank & Trust Co.,
Osborne, Kansas — report on competitive factors.
Submitted, December 31, 1991.

H.2

DECEMBER 30, 1991
PAGE 5

TO

JANUARY 3, 1992

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

COMPETITIVE FACTORS REPORTS




Minneapolis

First State Bank of Storden, Storden, Minnesota,
proposed merger with Renville County State Bank,
Renville, Minnesota — report on competitive
factors.
Submitted, January 2, 1992.

San Francisco

Great Western Bank, A Federal Savings Bank, Beverly
Hills, California, proposed purchase of assets and
assumption of liabilities of the San Diego branch
of California Federal Bank, A Federal Savings Bank,
Los Angeles, California — report on competitive
factors.
Submitted, December 30, 1991.

San Francisco

Home Savings Of America, A Federal Savings Bank,
Irwindale, California, proposed purchase of assets
and assumption of liabilities of the Visalia,
California, branch of Valley Savings and Loan
Association, Van Nuys, California -- report on
competitive factors.
Submitted, December 30, 1991.

New York

Ridgefield Bank, Ridgefield, Connecticut, proposed
acquisition of certain assets and assumption of
certain liabilities in the 107 Danbury Road,
Danbury, Connecticut, branch of First Constitution
Bank, New Haven, Connecticut — report on
competitive factors.
Submitted, January 2, 1992.

St. Louis

Worthen National Bank of Northwest Arkansas,
Springdale, Arkansas, proposed merger with First
National Bank of Fayetteville, Fayetteville,
Arkansas — report on competitive factors.
Submitted, January 2, 1992.

H.2

DECEMBER 30, 1991
PAGE 6

TO

JANUARY 3, 1992

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

ENFORCEMENT
Secretary

BCCI Holdings (Luxembourg) S.A., Luxembourg, Bank of
Credit and Commerce International S.A., and related
companies — extension to January 31, 1992, to take
certain actions regarding notice of charges
concerning Kamal Adham and Sayed Jawhary.
Granted, January 3, 1992.

EXTENSIONS OF TIME




Director, BS&R

BanPonce Corporation, Hato Rey, Puerto Rico —
extension to March 31, 1992, to conform activities
of branches of Banco Popular de Puerto Rico in Los
Angeles, and Chicago to International Banking Act.
Granted, December 31, 1991.

Richmond

Carolina First BancShares, Inc., Lincolnton, North
Carolina — extension to April 17, 1992, to acquire
Cabarrus Savings Bank, Inc., Concord, North
Carolina.
Granted, January 3, 1992.

Secretary

Fomento Proa, S.A., de C.V., Monterrey, Mexico, and
certain affiliates — extension to January 31,
1992, to file a completed application to acquire
Bancomer Holding Company, Los Angeles, California,
and Grossmont Bank, La Mesa, California.
Granted, December 31, 1991.

Secretary

Grupo Financiero Banamex Accival, S.A., de C.V.,
Mexico City, Mexico — extension to January 31,
1992, to file a completed application to acquire
California Commerce Bank, Los Angeles, California.
Granted, December 31, 1991.

Chicago

Harris Bank St. Charles, Saint Charles, Illinois —
extension to December 31, 1992, to establish a
branch at the intersection of Illinois Highway 64
and Smith Road.
Granted, December 31, 1991.

Cleveland

Provident Bank, Cincinnati, Ohio — extension to
April 4, 1992, to merge with Merit Savings Bank.
Granted, January 2, 1992.

H.2

DECEMBER 3 0 ,

PAGE

1991

TO

JANUARY 3, 1992

7

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

EXTENSIONS OF TIME
Cleveland

Provident Bank, Cincinnati, Ohio — extension to
April 4, 1992, to merge with Thrift Savings Bank.
Granted, January 2, 1992.

Cleveland

Provident Bank of Kentucky, Alexandria, Kentucky -extension to April 4, 1992, to merge with The
Provident Bank of Boone County, Burlington,
Kentucky.
Granted, January 2, 1992.

Dallas

Bank of The West, Irving, Texas — six months1 notice
of withdrawal from membership in the Federal
Reserve System.
Waived, January 3, 1992.

MEMBERSHIP




H.2
DECEMBER 3 0 ,
PAGE 8

ADDITIONS AND CORRECTIONS
1991

TO

JANUARY 3 ,

1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES

Duetsche Bank AG, Frankfurt, Germany; Dresdner Bank,
A.G.; Commerzbank A.G.; and Bayerische Landesbank
Gironzentrale, Munich, Germany — temporary
exemption under section 4(c)(9) of the Bank Holding
Company Act to continue to hold shares of DaimlerBenz, A.G., Stuttgart, Germany, after Daimler-Benz
acquires Sogeti, S.A., Grenoble, France.
Granted, December 20, 1991.
REGULATIONS AND POLICIES




Deposits — statement from the Board and the
Comptroller of the Currency to provide guidance to
foreign banks operating in the United States in
complying with deposit-taking restrictions in the
Federal Deposit Insurance Corporation Improvement
Act of 1991.
Approved, December 18, 1991.

H.2
DECEMBER 3 0 ,
PAGE 9

ADDITIONS AND CORRECTIONS
1991

TO

JANUARY 3 ,

1992

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

MEMBERSHIP




Kansas City

First Bank of Turley, Turley, Oklahoma -- to become a
member of the Federal Reserve System.
Approved, January 2, 1991.

F E D E R A L R ES 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

MASSBANK, Corp., Reading,
Massachusetts - 3(a)(1)
application to become a
bank holding company through the
retention of MASSBANK for Savings,
Reading, Massachusetts

Newspaper

01-18-92

Federal Register

01-27-92

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;
"N" - Needs to Improve; "SN" - Substantial Noncompliance.

Institution
Fleet Bank of Maine
One City Center
Box 17537
Portland, Maine
04101
Telephone # 207-874-5000




Examination Date

Rating*

08-12-91

"0"

Federal Reserve Bank of New York

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
______ Notice Only______
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Chemical Banking Corporation, New York, New York to acquire
100 percent of the voting shares of CBC Interim Federal
Savings Bank 2, New York, New York ("Interim") to
facilitate the acquisition of deposits (and certain related
assets) of certain New York and Suffolk County branches of
Anchor Savings Bank FSB, Hewlett, New York; and to merge
Interim into Chemical Bank, New York, New Y o rk .l/

1/13/92 2 /

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 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.
Week Ending January 4. 1992
NAME OF BANK

RATING

EXAMINATION DATE

The Adirondack Trust
Company
473 Broadway
Saratoga Springs, NY 12866

Outstanding

May 28, 1991

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




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
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.




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 3. 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 4, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Notice of Change in Bank Control on
N: January 25, 1992
December 30, 1991, from Sylvan J. Dlesk,
Wheeling, West Virginia, of his intent to
acquire up to 10.07 percent of First West
Virginia Bancorp, Inc., Wheeling, West Virginia.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4 ( c ) (8) application on
December 16, 1991, from National City
Corporation, Cleveland, Ohio, to acquire
B&L Consultants, Inc., Norwood,
Massachusetts.

January 16, 1992

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

Notice Onlv

Application

Comment Period Ending Date

Bank of Suffolk, Suffolk, Virginia, to
acquire the Whaleyville Branch of Sovran
Bank, N.A., Richmond, Virginia.*

1-25-92

Southern National Bank of North
Carolina, Lumberton, North Carolina,
to purchase the assets and assume
the liabilities of Workmen's Federal
Savings Bank, Mount Airy, North Carolina,
through an Oakar transaction.*

2-3-92

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

Comment Period Ending Date

None.

Section III - Applications Subiect to Federal Register Notice
Application

Comment Period Ending Date

Southern National Corporation,
Lumberton, North Carolina, to acquire
Workmen's Bancorp, Inc., Mount Airy,
North Carolina.

Not yet available.

Matewan BancShares, Inc., Matewan,
West Virginia, to acquire 49% of
the voting shares of Hampden Venture
Limited Partnership, Gilbert, West
Virginia.

Not yet available.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

•^Application is subject to CRA.




Federal Reserve Bark of Richmond

Availability of CRA Public Evaluations
Week ending January 3, 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

Bank of Hampton Roads
201 Volvo Parkway
Chesapeake, Virginia 23320
The Pleasants County Bank
Post Office Box 240
Saint Marys, West Virginia




Rating

10-7-91

26170

Satisfactory

10-8-91

Satisfactory

F e d e ra l R e s e rv e B ank o f A t la n t a
A p p l i c a t i o n s 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

3.

1992

Section 1 - Applications Subject to Newspaper Notice Only

Application

Comment Period Ending Date

SouthTrust Bank of Pinellas County
St. Petersburg, Florida
To merge with the New Port Richey,
Hudson, Florida branch of Mid-State
Federal Savings Bank, Ocala, Florida,
pursuant to Section 18(c) of the Federal
Deposit Insurance Act.

Not yet available*

Section 2 - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Phenix-Girard Bancshares, Inc.
Phenix City, Alabama
1-BHC formation, Phenix-Girard Bank,
Phenix City, Alabama.

12-26-91*
Federal Register

Crescent Banking Company
Jasper, Georgia
1-BHC formation, Crescent Bank and
Trust Company, Jasper, Georgia.

01-16-92*
Federal Register

CBS Bancshares, Inc.
Spencer, Tennessee
To acquire First State Bank, Maynardville,
Tennessee.

01-16-92*
Federal Register

♦ S u b je c t




to

P r o v is io n s

of

C o m m u n ity R e i n v e s t m e n t

Act

F e d e r a l R e s e rv e Bank o f A t l a n t a
A p p l i c a t i o n s 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

3.

1992

Section 3 - Applications Subject to Federal Register Notice Only
Application

Comment Period Ending Date

SouthTrust Corporation
Birmingham, Alabama
To acquire certain assets and assume
certain liabilities of the New Port
Richey, Hudson, Florida branch of
Mid-State Federal Savings Bank,
Ocala, Florida, pursuant to the
Oakar Amendment of FIRREA.
Lanier Bankshares, Inc.
Gainesville, Georgia
To retain 51 percent of the outstanding
shares of Lanier Data Corporation,
Gainesville, Georgia, and continue to
engage in data processing and transmission
services, pursuant to Section 225.25(b)(7)
of Regulation Y.

Not yet available*

01-07-92
Federal Register

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

♦ S u b je c t




to

P r o v is io n s

of

C o m m u n ity R e i n v e s t m e n t A c t

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 e e k E n d in g J a n u a r y

3.

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
institutions's CRA performance, a rating is assigned from the
following groups:
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.

Outstanding

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.

Satisfactory

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.

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.
Substantial noncompliance in meeting community credit needs:

Examination
Bank

Rating

American Bank and Trust
Satisfactory
of Polk County
Post Office Box 3400
Lake Wales, Florida 33859
(813) 676-7631




Date
09-30-91

F e d e r a l R eserve Bank o f C hicago

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Application

Type
None

Type

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Application

Y-l

Mahaska Investment Company Employee
Stock Ownership Plan
Oskaloosa, Iowa
Mahaska Investment Company
Oskaloosa, Iowa
Mahaska State Bank
Oskaloosa, Iowa
The First National Bank of Sumner
Sumner, Iowa*

FR - 11-15-91
N - 1-12-92

Y-2

Independence Bancshares, Inc.
Independence, Iowa
First State Bancorporation
Fredericksburg, Iowa
Northeast Iowa National Bank
Sumner, Iowa*

FR - 12-31-91
N - 12-22-91

CoC-BK

The Kingston State Bank
Kingston, Michigan
John Kulhavi

FR - 12-31-91
N - 1-10-92

Y-2

Firstar Corporation
Milwaukee, Wisconsin
First Geneva Banqueshares, Inc.
Geneva, Illinois
The First National Bank of Geneva
Geneva, Illinois*

FR - **
N - 1-13-92

Y-2

Firstar Corporation of Illinois
Milwaukee, Wisconsin
First Geneva Banqueshares, Inc.
Geneva, Illinois
The First National Bank of Geneva
Geneva, Illinois*




_

N

**

- 1-13-92

F e d e ra l R eserve Bank o f C h icag o

Ttfge

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Application
Ending Date

Y-l

IBC Bancorp, Inc.
Chicago, Illinois
International Bank of Chicago
Chicago, Illinois (in organization)*

Y-l

Northwest Financial Corp.
Spencer, Iowa
Conover Bancorporation
Creston, Iowa
First National Bank in Creston
Creston, Iowa*

Y-l

Swisher Bankshares, Inc.
Swisher, Iowa
Swisher Trust and Savings Bank
Swisher, Iowa*

FR - 12-30-91
N - **

FR - 12-26-91
N - 12-27-91

FR - **
N - **

Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date

T ype

Application

Y-4

FBOP Corporation
Oak Park, Illinois
Sterling Federal Savings and Loan
Association of Chicago
Chicago, Illinois

FR - **

Y-4

FBOP Corporation
Oak Park, Illinois
Sterling Insurance Agency, Inc.
Oak Park, Illinois

FR - **

Y-4

FBOP Corporation
Oak Park, Illinois
Sterling Safe Deposit Company, Inc.
Oak Park, Illinois

FR - **

Y-4

FBOP Corporation
Oak Park, Illinois
Sterling Services Corporation, Inc.
Oak Park, Illinois

FR - **

Y-4

Northwest Financial Corp.
Spencer, Iowa
Northwest Federal Savings Bank
Spencer, Iowa

FR - **




F e d e ra l R e s e rv e Bank o f C hicago

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

None

N
FR
*
**

-

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




AVAILABILITY OF CRA PUBLIC EVALUATIONS

The following state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending January 3, 1992.
If you are interested in obtaining a copy of the evaluation document, please
contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of 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

RATINGS

NONE

CORRECTION TO THE PREVIOUS REPORT FOR THE WEEK ENDED DECEMBER 27, 1991.
-Villa Grove State Bank
10 North Main Street
Villa Grove, Illinois
217-832-2631




61956

9/03/91

S

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JANUARY 3, 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

Change in control notification involving Tritten
Bancshares, Inc., St. Robert, Missouri by David
and Elizabeth Tritten

Not yet available

Change in control notification involving Tritten
Bancshares, Inc., St. Robert, Missouri by Frank
and Beverly Wiles

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
Stock redemption notification by Tritten
Bancshares, Inc., St. Robert, Missouri




Not applicable

FEDERAL RESERVE BANK OF ST. LOUIS
S t 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
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.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory 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.
Needs to improve record o f meeting community credit needs
An institution in this group needs to improve its overall record o f ascertaining and helping to 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.
Substantial noncompliance in meeting community 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 o f Bank

None




Ja n u a ry 3 , 1992

Bank Address

Exam ination
Date

E xam in atio n
R a tin g

F E D E R A L R E S E R V E BA N K OF M I N N E A P O L I S

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
Comment Period
Ending Date

Application
Community First Bankshares, Inc.
Fargo, ND
To acquire 100% of First Interstate
of North Dakota, Inc.
Fargo, ND*

Not yet available

Minnesota-Wisconsin Bancshares, Inc.
Newport, MN
To acquire 100% of MidAmerica
Bancorporation, Inc., Newport, MN*

Not yet available

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

* Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 3, 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
None.




DATE OF EXAMINATION

CRA RATING

Federal Reserve Bank of Kansas City

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

C.S. Bancshares, Inc., Chillicothe,
Missouri, for prior approval to
acquire 80 percent of the voting
shares of Alma Bancshares
Corporation, Concordia, Missouri.*

Not Available

Kim M. and Linda S. Ricketts, both of
Marceline, Missouri, for prior
approval to increase their combined
ownership interest in RMB Bancshares,
Inc., Marceline, Missouri, from 20
percent to 28.75 percent.

Not Available

Lee R. & Katharine M. Anderson, both
of Golden Valley, Minnesota, for
prior approval to increase their
combined ownership interest in Rocky
Mountain Bancshares, Inc., Golden
Valley, Minnesota, from 24.5 percent
to 33 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




Federal Reserve Bank of Kansas City

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:
Outs t a n d i n g 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.
S a t isfactory 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 moderateincome neighborhoods,
in a manner
consistent with
its
resources and capabilities.
Bank/Locat ion

Exam Date

CRA Public
Date

Bank of Boulder
P.0. Box 9032
Boulder, Colorado

10-7-91

01-02-92

80301-9032

*Application is subject to CRA.




CRA
Rating
Satisfactory

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 30, 1991
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

Change in Control Notice by
Western Commerce Bank, Trustee of the Western
Commerce Bank Stock Bonus Plan and Trust Agreement,
Carlsbad, NM, to acquire an interest in Western
Commerce Bancshares of Carlsbad, Inc., Carlsbad, NM

,

N/A-

Change in Control Notice by
L. Michael Ashbrook, Monroe, LA, to acquire an interest
in LBO Bancorp, Inc., West Monroe, LA
Change in Control Notice by
James W. Gorman, Jr., San Antonio, TX, to acquire an
interest in Southwest Bankers, Inc., San Antonio, TX
(Previously reported during the week of 10-28-91)

N/A

01/03/92

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 DECEMBER 30, 1991

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
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

of

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 1/03/92

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

Continental Bancorporation, Las Vegas, Nevada,
to become a bank holding compny by acquiring
Continental National Bank, Las Vegas, Nevada. *

Newspaper:

01/19/92

Fed. Req.:

01/27/92

Summit Bancorp, Bellevue, Washington, to
become a bank holding company by acquiring
Summit Savings Bank, Bellevue, Washington. *

Newspaper:

01/27/92

Fed. Req.:

01/30/92

Grupo Financiero Banamex Accival, S.A. de
C.V., Mexico, D.F., Mexico, to become a bank
holding company by acquiring Banco Nacional
de Mexico, S.A., Mexico D.F., Mexico.

Newspaper:

02/01/92

Fed. Req.: Not yet published

Section III - Applications Subject to Federal Register Notice Only
Grupo Financiero Banamex Accival, S.A. de
C.V., Mexico, D.F., Mexico, to engage
indirectly in securities brokerage services,
private placement services and investment
advice through ACCI Securities, Inc., Boulder,
Colorado.

Fed. Rea.; Not yet published

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 1/03/92
Section V - Availability of CRA Public Evaluations
Information about a particular institution's CRA evaluation may be obtained
directly from the institution.
Institution

Location

Sierra Bank of Nevada

3301 S. Virginia St.
Reno, Nevada 89502
Tel: (702) 689-2300

Examination Date
9/16/91

Rating*
Satisfactory

* 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.




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