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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
26170
Rating
10-7-91
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.
@FedFRASER