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ANNOUNCEMENT
H.2, 1994, No. 2
Actions of the Board, its Staff, and
RESEARCH L I B ^ Y Federal Reserve Banks;
Applications and Reports Received
During the Week Ending January 8, 1994
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
ACTIONS TAKEN BY THE BOARD
BANKS. FOREIGN
(&BGO^ERiiiSp^ AH 94
KaH-RALKtStKVt BAHS
OF CLEVELAND
Deutsche Bank AG, Frankfurt au Main, Germany -request to permit its section 20 subsidiary to
underwrite shares of Daimler-Benz AG, an affiliate.
Granted, January 6, 1994.
ENFORCEMENT
Founders1 Bank, Bryn Mawr, Pennsylvania -- issuance
of an order of assessment of a civil money penalty.
Announced, January 4, 1994.
United London Group, Inc., Salt Lake City, Utah -issuance of an order of prohibition against Marlen
V. Johnson, a former institution-affiliated party.
Announced, January 4, 1994.
REGULATIONS AND POLICIES
Section 20 subsidiaries -- quarterly table to adjust
interest income for companies that adopt the
Board's alternative indexed revenue test to measure
compliance with the 10 percent limit on bank
ineligible securities activities.
Announced, January 5, 1994.
RESERVE BANK OPERATIONS
Directors -- appointment of Class C directors at
seven Reserve Banks, including designation of
deputy Chairman at the New York Reserve Bank.
Announced, January 6, 1994.
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
Richmond
Crestar Bank, Richmond, Virginia - - t o establish a
branch at the Ironbridge Plaza Shopping Center at
State Route 10 and Chalkley Road, Chester,
Virginia.
Approved, January 7, 1994.
H •2
JANUARY 3, 1994
PAGE 2
TO
JANUARY 7, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES, DOMESTIC
Richmond
Crestar Bank, Richmond, Virginia - - t o establish a
branch at the Graves Mill Center Shopping Center,
U.S. Route 221 and Graves Mill Road, Forest,
Virginia.
Approved, January 7, 1994.
Cleveland
Ohio Bank, Findlay, Ohio - - t o establish a branch at
98 North Main Street, Chagrin Falls, Ohio.
Approved, January 7, 1994.
San Francisco
West One Bank, Utah, Salt Lake City, Utah -- to
establish a branch at 1283 Deer Valley Drive, Park
City, Utah.
Approved, January 3, 1994.
San Francisco
West One Bank, Utah, Salt Lake City, Utah -- to
establish an automatic teller machine in the
vicinity of the General Store Lodge at the Sundance
Resort, Sundance, Utah.
Approved, January 7, 1994.
BANK HOLDING COMPANIES
Chicago
Bancorp of New Glarus, Inc., New Glarus, Wisconsin -to acquire the Bank of New Glarus.
Approved, January 7, 1994.
Chicago
Citizens Bankshares, Inc., Shawano, Wisconsin --to
acquire North Land Finance, Inc., Ashland,
Wisconsin.
Approved, January 4, 1994.
Philadelphia
CoreStates Financial Corporation, Philadelphia,
Pennsylvania --to acquire Constellation
Bancorporation, Elizabeth, New Jersey.
Approved, January 7, 1994.
Minneapolis
Dakota Company, Inc., Minneapolis, Minnesota, South
Dakota Bancorp, Inc., and South Dakota Financial
Bancorporation, Inc. -- proposal that Dakota State
Bank, Milbank, South Dakota, purchase certain
assets and assume certain liabilities of the
Milbank, South Dakota, branch of Bank of South
Dakota, Watertown, South Dakota.
Approved, January 4, 1994.
Richmond
F & M Bank Corp., Timberville, Virginia -- to engage
de novo in community development activities, either
in an equity investment in the Housing Equity Fund
of Virginia II, L.P. Richmond, Virginia, or through
loans or equity investments in similar housing
projects.
Permitted, January 5, 1994.
H.2
JANUARY 3, 1994
PAGE 3
TO
JANUARY 7, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas
First Abilene Bankshares of Delaware, Inc.,
Wilmington, Delaware -- to acquire Concho
Bancshares, Inc., San Angelo, Texas, and Southwest
Bank of San Angelo.
Approved, January 5, 1994.
Minneapolis
First Bank Holding Company, Inc., Harvey, North
Dakota -- to acquire Harvey Insurance Agency, Inc.
Approved, January 7, 1994.
Dallas
First Eldorado Bancshares, Inc., Eldorado, Texas -to acquire First Eldorado D e . Bancshares, Inc.,
Dover, Delaware, and First National Bank of
Eldorado, Eldorado, Texas.
Approved, January 5, 1994.
Dallas
First Eldorado Delaware Bancshares, Inc., Dover,
Delaware -- to acquire the First National Bank of
Eldorado, Eldorado, Texas.
Approved, January 6, 1994.
Dallas
First Financial Bankshares, Inc., Abilene, Texas -to acquire Concho Bancshares, Inc., San Angelo,
Texas.
Approved, January 5, 1994.
Richmond
Independent Community Bankshares, Inc., Middleburg,
Virginia - - t o acquire The Middleburg Bank.
Approved, January 5, 1994.
St. Louis
Peoples First Corporation, Paducah, Kentucky -- to
acquire First Kentucky Bancorp, Inc., Central City,
Kentucky, and to engage in credit related insurance
activities through First Kentucky Federal Savings
Bank.
Approved, January 4, 1994.
San Francisco
Sakura Bank, Limited, Tokyo, Japan -- to engage de
novo in providing investment or financial advisory
services, and securities brokerage services through
Sakura Securities CU.S.A.) Inc., New York, New
York.
Approved, January 7, 1994.
H.2
JANUARY 3, 1994
PAGE 4
TO
JANUARY 7, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Philadelphia
United Bancshares, Inc., Philadelphia, Pennsylvania
- to acquire United Bank of Philadelphia,
Approved, January 7, 1994.
BANK MERGERS
Richmond
Middleburg Bank, Middleburg, Virginia - - t o merge
with The Middleburg National Bank.
Approved, January 5, 1994.
BANK PREMISES
Kansas City
Bank of Boulder, Boulder, Colorado -- investment in
bank premises.
Approved, January 3, 1994.
Chicago
Bank of Illinois in Normal, Normal, Illinois -investment in bank premises.
Approved, January 4, 1994.
Richmond
Bank of McKenney, McKenney, Virginia -- investment in
bank premises.
Approved, January 6, 1994.
Richmond
Bank of Romney, Romney, West Virginia -- investment
in bank premises.
Approved, January 6, 1994.
Richmond
One Valley Bank of Summerville, Inc., Summerville,
West Virginia -- investment in bank premises.
Approved, January 3, 1994.
H .2
JANUARY 3, 1994
PAGE 5
TO
JANUARY 7, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Minneapolis
United Bancorporation, Inc., Sidney, Montana -redemption of shares.
Approved, January 7, 1994.
CHANGE IN BANK CONTROL
Atlanta
Cullman Bancshares Employee Stock Ownership Plan,
Cullman, Alabama -- change in bank control.
Permitted, January 7, 1994.
Kansas City
First National Bankshares of Gunnison, Inc.,
Gunnison, Colorado -- change in bank control.
Permitted, January 4, 1994.
Minneapolis
1st United Bancorporation, Inc.
change in bank control.
Permitted, January 7, 1994.
Sidney, Montana --
COMPETITIVE FACTORS REPORTS
San Francisco
American Savings Bank, F.A., Stockton, California,
proposed acquisition of certain assets and
assumption of certain deposits of New West Federal
Savings and Loan Association -- report on
competitive factors.
Submitted, January 7, 1994.
Boston
CenterBank, Waterbury, Connecticut, proposed
acquisition of the assets and assumption of the
liabilities of the Bank of Waterbury, Waterbury,
Connecticut -- report on competitive factors.
Submitted, January 6, 1994.
Boston
Citizens Bank of Massachusetts, Boston,
Massachusetts, proposed merger with Neworld Bank -report on competitive factors.
Submitted, January 7, 1994.
Dallas
Community Bank, Longview, Texas, proposed merger with
a Longview, Texas, branch of Pacific Southwest
Bank, FSB, Corpus Christi, Texas -- report on
competitive factors.
Submitted, January 3, 1994.
H.2
JANUARY 3, 1999
PAGE 6
TO
JANUARY 7, 1999
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Dalton / Whitfield Bank & Trust, Dalton, Georgia,
proposed merger with Interim D / W Corporation -report on competitive factors.
Submitted, January 5, 1994.
Richmond
First-Citizens Bank & Trust Company, Raleigh, North
Carolina, proposed merger with Rockingham Interim
Bank, and establishment of a branch -- report on
competitive factors.
Submitted, January 5, 1994.
New York
HUB Commercial Bank, Union City, New Jersey, proposed
merger with Statewide Savings Bank -- report on
competitive factors.
Submitted, January 5, 1994.
New York
Hudson United Bank, Union City, New Jersey, proposed
merger with HUB Commercial Bank, an interim
successor to Statewide Savings Bank -- report on
competitive factors.
Submitted, January 5, 1994.
Atlanta
Morris State Bank, Dublin, Georgia, proposed merger
with MSB Interim, Inc., Dublin, Georgia -- report
on competitive factors.
Submitted, January 5, 1994.
St. Louis
Otwell State Bank, Otwell, Indiana, proposed merger
with Otwell Merger Bank -- report on competitive
factors.
Submitted, January 4, 1994.
Richmond
Rockingham Interim Savings and Loan Association,
Inc., Raleigh, North Carolina, proposed merger with
First Savings Bank of Rockingham County, Inc.,
S.S.B., Reidsville, North Carolina -- report on
competitive factors.
Submitted, January 3, 1994.
S t . Louis
Southwestern Indiana Bank, Winslow, Indiana, proposed
merger with The Otwell State Bank, Otwell,
Indiana -- report on competitive factors.
Submitted, January 4, 1994.
H.2
JANUARY 3, 1994
PAGE 7
TO
JANUARY 7, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Richmond
Tazewell National Bank, Tazewell, Virginia, proposed
purchase of certain assets and assumption of
certain liabilities of the Pocahontas, Virginia,
branch of First Union National Bank of Virginia,
Roanoke, Virginia -- report on competitive factors.
Submitted, January 5, 1994.
Dallas
Texas Bank of Garland, N.A., Garland, Texas, proposed
merger with First State Bank of Texas, Denton,
Texas -- report on competitive factors.
Submitted, January 3, 1994.
EXTENSIONS OF TIME
San Francisco
First Security Corporation, Salt Lake City, Utah -extensions of time to divest certain properties.
Granted, January 4, 1994.
Richmond
First Southern Bank, Boca Raton, Florida -extension to January 1, 1995, to establish a branch
at 1 South Ocean Boulevard, and 21301 Powerline
Road.
Granted, January 3, 1994.
San Francisco
Foothall Independent Bancorp, Glendora, California -extension of time to divest certain property.
Granted, January 4, 1994.
New York
GP Financial Corp., Flushing, New York -- to acquire
Green Point Savings Bank, Brooklyn, New York.
Granted, January 7, 1994.
San Francisco
U.S.Bancorp, Portland, Oregon -- extension to divest
certain property.
Granted, January 4, 1994.
San Francisco
Zions Bancorporation, Salt Lake City, Utah -extensions of time of divest certain properties.
Granted, January 4, 1994.
H.2
JANUARY 3, 1994
PAGE 8
TO
JANUARY 7, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
MEMBERSHIP
Kansas City
Century Bank Sterling, Sterling, Colorado -- six
months1 notice of withdrawal from membership in the
Federal Reserve System waived.
Approved, January 3, 1994.
Chicago
Comerica Bank-Illinois, Franklin Park, Illinois -- to
become a member of the Federal Reserve System.
Approved, January 3, 1994.
Kansas City
Vail National Bank, Vail, Colorado --t o retain
membership in the Federal Reserve System as a state
chartered bank.
Approved, January 7, 1994.
RESERVE BANK SERVICES
GC
Book-Entry Securities Account Maintenance and
Transfer Services -- new Federal Reserve Bank
operating circular.
Approved, January 4, 1994.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
Rating*
NONE
♦Rating Definitions:
"O" - Outstanding; "S" - Satisfactory; "N" Needs to Improve; "SN" - Substantial Noncompliance.
Federal Reserve Bank o f New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Bankers Trust New York Corporation, New York, New York to
engage de novo in the making of equity and debt investments
in corporations or projects designed primarily to promote
community welfare, such as economic rehabilitation and
development of low-income areas by providing housing,
services or jobs for residents, and simultaneously, to make an
investment in New York Equity Fund Limited Partnership
N/A
SECTION IV
Applications Not Involving
_____ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is 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 neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending January 8, 1994
NAME OF BANK
RATING
EXAMINATION DATE
None.
(Ml m|
1/
/
/
4/
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Carnegie Bancorp, Princeton, NJ, to form a bank holding company by acquiring 100% of
Carnegie Bank, Princeton, NJ, pursuant to Section 3(a)(1) of the Bank Holding Company
Act.
Newspaper comment period expires:
Fed. Register comment period expires:
1/22/94
1/31/94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
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 7, 1994.
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
CRA Ratincr
First Commercial Bank of
Philadelphia
1027 Arch Street
Philadelphia, PA 19107
9/7/93
Satisfactory
Fed e ral
R e se rv e
Bank
of
C le v e la n d
A p p l i c a t i o n s B u l letin
For W e e k E n ding J a nuary 8, 1994
SE C T I O N I - A P P L I C A T I O N S SUBJECT TO N E W S P A P E R
N O T I C E ONLY
Received prior notice from The Metamora State
Bank, Metamora, Ohio, on January 4, 1994, of
its intent to establish a branch at the corner
of Erie Road and Centennial Avenue, Sylvania,
Ohio.
* February 1, 1994
Received prior notice from Fifth Third Bank,
* January 28, 1994
Cincinnati, Ohio, on December 27, 1993, of its
intent to establish a branch at 3656 Springdale
Road, Cincinnati, Ohio.
S E C T I O N II - A P P L I C A T I O N S SUBJECT TO B OTH
N E W S P A P E R A N D FEDERAL REG I S T E R NOT I C E
Received Section 4 (c)(8) application from
* Not yet known #
Mellon BankCorporation, Pittsburgh, Pennsylvania,
on January 3, 1994, to acquire Dreyfus Security
Savings Bank, FSB, Paramus, New Jersey, and Dreyfus
Trust Company, Uniondale, New York.
S ECTION III
- A P P L I C A T I O N S S UBJECT TO FEDERAL R E G I S T E R
N O T I C E ONL Y
None
S E CTION IV - A P P L I C A T I O N S N O T SUBJECT TO FEDERAL R E G I S T E R N O T I C E
OR N E W S P A P E R NOT I C E
None
*
N
F
#
-
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
•
A V A I L A B I L I T Y OF CRA PUBLIC EVALUA T I O N S
(January 7, 1994)
The following state member banks have been examined by the
Federal Reserve Bank of Cleveland for compliance with The Community
Reinvestment Act. A public evaluation document became available
from the bank(s) listed below during the week ended January 4,
1994.
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
of ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
NEEDS TO IMPROVE:
a bank in this group needs to improve its
overall record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
S U B STANTIAL N O N COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
The Fifth Third Bank
38 Fountain Square
Cincinnati, Ohio 45263
(513) 579-4385
Rating:
Satisfactory
Exam Date: August 9, 1993
Federal Reserve Bank of Richmond
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
Notice of Change in Control filed by
R. B. Scarborough with respect to Pee
Dee Bancshares, Inc., Timmonsville,
South Carolina.*
1-17-94
First Virginia Banks, Inc., Falls Church,
Virginia, to merge with FNB Financial
Corporation, Knoxville, Tennessee.*
2-7-94
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
Allied Irish Banks, p.l.c., Dublin,
Ireland, to engage in providing investment
advice as a commodity trading advisor and
providing foreign exchange advisory and
transactional services.
Not yet available.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
*Application is subject to CRA requirements.
Comment Period Ending Date
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending January 7, 1994
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 ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date
Bank of Gassaway
536 Ilk Street
Gassaway, West Virginia
26624
10-19-93
Rating
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 7. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
AmSouth Bancorporation
Not yet available*
Birmingham, Alabama
Along with AmSouth Bank of Florida, Pensacola,
Florida, to acquire the assets and assume the
liabilities of Fortune Bancorp, Inc.,
Clearwater, Florida, and thereby acquire its
thrift subsidiary, Fortune Bank, A Savings
Bank, Clearwater, Florida, pursuant to Section
5(d)(3) of the Federal Deposit Insurance Act,
as amended by the Federal Deposit Insurance
Corporation Improvement Act of 1991.
1st United Bank
Boca Raton, Florida
To merge with Suburban Bank, Lake Worth,
Florida, pursuant to Section 18(c) of the
Federal Deposit Insurance A c t .
02-15-94*
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
FF Bancorp, Inc.
New Smyrna Beach, Florida
1-BHC formation, Key Bancshares, Inc.,
Tampa, Florida, and thereby acquire Key
Bank of Florida, Tampa, Florida.
Comment Period Ending Date
01-10-94*
Federal Register
Synovus Financial Corp.
Not yet available*
Columbus, Georgia
Along with its parent company, TB&C Bancshares,
Inc., Columbus, Georgia, to merge with PNB
Bankshares, Inc., Peachtree City, Georgia,
and thereby directly acquire Peachtree
National Bank, Peachtree City, Georgia,
pursuant to Section 3 (a)(5) of the Bank Holding
Company A c t .
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 7, 1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
White Eagle Financial Group, Inc.
Boca Raton, Florida
Change in control notice by Mr. Charles W.
Gerlach to acquire 69.2 percent of the
outstanding shares of White Eagle Financial
Group, Inc., Boca Raton, Florida.
Not yet available*
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
AmSouth Bancorporation
Not yet available
Birmingham, Alabama
To acquire Fortune Bancorp, Inc., Clearwater,
Florida, and thereby acquire its thrift
subsidiary, Fortune Bank, A Savings Bank,
Clearwater, Florida, pursuant to Section
4 (c)(8) of the Bank Holding Company Act and
Section 225.25(b)(9) of Regulation Y.
First American Corporation
Nashville, Tennessee
To acquire Fidelity Crossville Corp.,
Crossville, Tennessee, pursuant to Section
4 (c)(8) of the Bank Holding Company Act.
01-10-94
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
The First National Bank of Knoxville
Knoxville, Tennessee (National Bank Conversion)
To become a member of the Federal
Reserve System, pursuant to Section 9
of the Federal Reserve Act and Section 208.4
of Regulation Y.
No n e .
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending January 7, 1994
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:
r e cord
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 m e e t i n g c o m m u n i t y
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 m e e t i n g c o m m u n i t y 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
in m e e t i n g c o m m u n i t y 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.
S u b stantial n o n c o m p l i a n c e
Examination
Bank
No n e .
Rating
Date
Federal Reserve Bank of Chicago
Section
I - Applications Subject
Notice Only
to N e w s p a p e r
Comment Period
E n ding Date
Type
Application
B r a n c h / 2 4A
New Asia Bank
Chicago, Illinois
8301 C a s s A v e n u e
Darien, Illinois*
N
- 1-10-94
B r a n c h ! 24 A
Th e N o r t h e r n Tr u s t C o m p a n y
Chicago, Illinois
57 9 C e n t r a l S t r e e t
H i g h l a n d Park, I l l i n o i s *
N
- **
Branch
Community State Bank
Avilla, Indiana
4134 W C R 10 0 S
W o l f Lake, Indiana*
N
- 1-29-94
Oakar
R e p u b l i c B a n c o r p Co.
O r l a n d Pa r k , I l l i n o i s
F i r s t C o o k C o m m u n i t y Bank,
Chicago, Illinois*
N
- 11-20-93
FSB
B r a n c h / 2 4A
B a n k e r s Trust C o m p a n y
Des Moines, Iowa
Corner of Euclid & Cambridge Avenue
Des Moines, Iowa*
N
- **
Membership
Cedar Valley State Bank
St. A n s g a r , I o w a
To b e c o m e a m e m b e r o f t he F e d e r a l
Reserve System*
N
- **
Branch
First of America Bank - Ann Arbor
Ann Arbor, Michigan
2140 Rawsonville Road
Ypsilanti, Michigan*
N
- 1-6-94
Branch
First o f America Bank-Security
Southgate, Michigan
33505 Schoolcraft Road
Livonia, Michigan*
N
- 1-6-94
Federal Reserve Bank of Chicago
S e c t i o n I I - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l
Register Notice
Type
Application
Y-l
R e p u b l i c B a n c o r p Co.
Orland P a r k , Illinois
M A H B a n c o r p , Inc.
O r l a n d Park, I l l i n o i s
Republic Bank of Chicago
Chicago, Illinois
A P L F i n a n c i a l , Inc.
Chicago, Illinois
F i r s t C o o k C o m m u n i t y Bank,
Chicago, Illinois*
Comment Period
Ending Date
FR 1-6-94
N
- 11-20-93
FSB
Y-2
Comerica California Incorporated
S a n Jose, C a l i f o r n i a
Pacific Western B a n c s h a r e s , Inc
S a n Jose, C a l i f o r n i a
Pacific Western Bank
S a n Jose, C a l i f o r n i a *
FR - 11-29-93
N
1- 4 - 9 4
Y-2
Comerica Incorporated
Detroit, Michigan
P a c i f i c W e s t e r n B a n c s h a r e s , I n c . — (100%)
S a n Jose, C a l i f o r n i a
Pacific Western Bank
S a n Jose, C a l i f o r n i a *
FR - 11-29-93
N
1-4-94
y-2
Comerica Incorporated
Detroit, Michigan
P a c i f i c W e s t e r n B a n c s h a r e s , I n c . — (19.9%)
S a n Jose, C a l i f o r n i a
Pacific Western Bank
S a n Jose, C a l i f o r n i a *
FR
N
y-2
F i r s t b a n k o f I l l i n o i s Co.
Springfield, Illinois
C o l o n i a l B a n c s h a r e s , Inc.
D e s P eres, M i s s o u r i
Colonial Bank
D e s Peres, M i s s o u r i
V i l l a g e B a n k o f St. L o u i s C o u n t y
Ballwin, Missouri*
F R - **
N
- **
CoC-HC
P e o t o n e B a n c o r p , Inc.
Peotone, Illinois
C r a i g L. C a m p b e l l ; D o u g l a s L.
a n d S c o t t L. C a m p b e l l
FR
N
Campbell
12-29-93
1-4-94
1-17-94
1-11-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
E n d i n g Date
Type
Application
Y-2
C e n t r a l B a n c s h a r e s , Inc.
M u s c a t i n e , Iowa
FSB Holding Company
Kalona, Iowa
Farmers State Bank
K a l o n a , Iowa
West C h ester Savings B a n k
West Chester, Iowa*
FR
N
- 12-30-93
1-3-94
Y-2
G r e a t e r C o l u m b i a B a n c s h a r e s , Inc.
Portage, Wisconsin
1st C o l u m b i a Corp.
Portage, Wisconsin
First National Bank of Columbus
C o l u m b u s , Wisconsin*
FR
N
- 10-22-93
1- 6 - 9 4
Y-2
First Waukegan Corporation
Gurnee, Illinois
S e c u r i t y C h i c a g o Corp.
Chicago, Illinois
First Security Bank of Chicago
Chicago, Illinois*
FR
N
- 1-14-94
- 1-10-94
Y-2
First Waukegan Corporation
Gurnee, Illinois
First State Bancorp of Princeton,
I l l i n o i s , Inc.
Princeton, Illinois
First State Bank of Princeton
Princeton, Illinois
First State Bank of Ashton-Rochelle
Ashton, Illinois
First State Bank of Gridley
Gridley, Illinois*
FR
N
- 1-14-94
- 1-10-94
Y-2
C a p i t o l B a n c o r p , Ltd.
Lansing, Michigan
Financial Center Corporation
Holland, Michigan
Paragon Bank
Holland, Michigan*
FR
N
-
**
1-11-94
Federal Reserve Bank of Chicago
Section
I I - A p p l i c a t i o n s S u b j e c t to B o t h N e w s o a o e i
Register Notice
(C o n t i n u e d )
Type
Application
Y-2
Marshall & Ilsley Corporation
Milwaukee, Wisconsin
Valley Bancorporation
Milwaukee, Wisconsin
Valley Bank
La C r o s s e , W i s c o n s i n
Valley Bank
Madison, Wisconsin
Valley Bank Chippewa
Menomonie, Wisconsin
Valley B ank East Central
Kewaskum, Wisconsin
Valley Bank Janesville
Janesville, Wisconsin
Valley Bank Milwaukee
Thiensville, Wisconsin
V a l l e y Bank, National A s s o c i a t i o n
Watertown, Wisconsin
Valley Bank Northeast
Green B a y Wisconsin
Valley Bank of Oshkosh
Oshkosh, W i s c o n s i n
Valley Bank of Shawano
Shawano, Wisconsin
Valley Bank Southwest
S p r i n g G reen, W i s c o n s i n
V alley B a n k Western, FSB
Sparta, W isconsin
Valley First National B a n k
Rhinelander, Wisconsin
Valley First National B ank o f Ripon
Ripon, W i sconsin
V a l l e y U n i t e d Ba n k , S S B
Sheboygan, Wisconsin
Valley Western Bank
Appleton, Wisconsin
Pierce C o u n t y B a n k and Trust Co m p a n y
Ellsworth, Wisconsin*
and Federal
Comment Period
Ending Date
F R - 1-20-94
N
1-6-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued1
C o m m e n t Per i o d
E n d i n g Date
Twe
Application
Y -2
Omnibank Corporation
River Rouge, Michigan
I n d e c o r p , Inc.
Chicago, Illinois
I n d e p e n d e n c e B a n k o f Chi c a g o
Chicago, Illinois
Drexel Holding Company
Chicago, Illinois
Drexel National Bank
Chica g o , I l l i n o i s *
F R - 1-14-94
N
- 1-31-94
Y-2
O r a n g e v i l l e B a n c o r p , Inc.
Orangeville, Illinois
State Bank of Winslow
Winsl o w , I l l i n o i s *
F R - 1-28-94
N
- 1-12-94
Y-l
Home Bancorp
F o r t Wayne, I n d i a n a
H o m e L o a n B a n k S.B.
F o r t Wayne, I n d i a n a *
F R - **
N
- 1-24-94
Y -2
Independent B a n k Corporation
Ionia, M i c h i g a n
K S B F i n a n c i a l , Inc.
Kingston, Michigan
Kingston State Bank
Kingston, Michigan*
FR N
-
Y -2
C o m m u n i t y G r a i n Co.
C o o n R a p ids, I owa
Farmers National Bank
Bayard, Iowa*
F R - **
N
- **
Y -2
First o f A m e r i c a Ba n k Corporation
Kalamazoo, Michigan
L G F B a n c o r p , Inc.
LaGrange, Illinois
LaGra n g e Federal Savings & Loan
Association
LaGrange, Illinois*
F R - **
N
- **
1-31-94
1-28-94
Federal Reserve Bank of Chicago
Section II
-
Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment P e r i o d
Ending Date
Type
Application
CoC-HC
I l l i n o i s V a l l e y Bancorp,
Inc.
M o r r i s , I l linoi s
R o n a l d L. Wohlwend, R o n a l d L.
Wohlwend, Trustee, J a c k L e w i s
Trust UTA DTD, C A t h e r i n e L e w i s
Trust UTA D T A
F R - **
N
- **
Y-l
A n t i o c h Bancshares, Inc. E m p l o y e e
S a v i n g s and Stock O w n e r s h i p
A n t i o c h , I llinois
A n t i o c h Bancshares, Inc.
A n t i o c h , Illinois*
F R - **
N
- **
Federal Reserve Bank of Chicago
S e c t i o n II I - A p p l i c a t i o n s Subject to F e d e r a l R e g i s t e r
Notice Only
C o m m e n t Per i o d
Ending Date
Type
Application
Y-4
R e p u b l i c B a n c o r p Co. (a D e l a w a r e
Corporation)
O r l a n d Park, I l l i n o i s
A P L F i n a n c i a l , Inc.
Chicago, I l l i n o i s
F i r s t C o o k C o m m u n i t y Bank, F S B
Chicago, I l l i n o i s
FR -
1-6-94
Y-4
R e p u b l i c B a n c o r p Co. (an Il l i n o i s
Corporation)
O r l a n d Park, I l l i n o i s
A P L F i n a n c i a l , Inc.
Chica g o , I l l i n o i s
F i r s t C o o k C o m m u n i t y Bank, F S B
Chicago, I l l i n o i s
FR -
1-6-94
4(c)(8)
F i r s t b a n k o f I l l i n o i s Co.
Springfield, Illinois
Rowe, H e n r y & Deal, Inc.
J a c k s o n v i l l e , I l l i n o i s — e ngage in
s e c u r i t i e s b r o k e r a g e s e rvices
FR
Y-4
M a r s h a l l & I I s l e y Corpor a t i o n
Milwaukee, Wisconsin
V a l l e y Trust C o m p a n y
Appleton, Wisconsin
F R - 1-20-94
-
1-10-94
Federal Reserve Bank of Chicago
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
Notice O n l y
(Continued)
to F e d e r a l R e g i s t e r
Comment P e r i o d
Ending Date
Type
Application
Y-4
M a r s h a l l & I l sley C o r p o r a t i o n
M i l w a u k e e , Wisconsin
C o m m u n i t y Life I n s u r a n c e C o m p a n y
Phoenix, A r i z o n a
FR - 1- 2 0 - 9 4
Y-4
Marshall & Ilsley Corporation
M i l w a u k e e , Wisconsin
Valley Bankservice Corporation
Sheboygan, Wisconsin
FR - 1- 2 0 - 9 4
Y-4
Marshall & Ilsley Corporation
M i l w a u k e e , Wisconsin
V a l l e y Real Estate S e r v i c e s C o r p o r a t i o n
Sheboygan, Wisconsin
FR - 1- 2 0 - 9 4
4 ( c ) (8)
F i r s t a r Corporation
M i l w a u k e e , Wisconsin
F i r s t a r Ho m e M o r t g a g e C o r p o r a t i o n
M i l w a u k e e , W i s c o n s i n — e n g a g e de n o v o in
d a t a p r o c e s s i n g & data t r a n s m i s s i o n s
s e r v i c e s facilities & da t a b a s e s to
realtors
FR - 1-1 0 - 9 4
Y-4
M a h a s k a Investment C o m p a n y
O s k a l o o s a , Iowa
O n - S i t e Commercial S e r v i c e s & e n g a g e
in p r o v i d i n g b o o k k e e p i n g , p a y r o l l
proc e s s i n g , accounts r e c e i v a b l e &
finan c i a l services
FR - 1-2 0 - 9 4
4(c)(8)
First Chicago Corporation
Chicago, Illinois
First C h icago L e a s i n g C o r p o r a t i o n
Chicago, I l l i n o i s — C D C — A r r a n g i n g
a n d inves t i n g in e n t i t i e s f o r the
f i n a n c i n g o f low-i n c o m e h o u s i n g
FR - 1- 1 7 - 9 4
Y-4
F i r s t b a n k of Illinois Co.
S p r i ngfield, Illinois
G u i d o Insurance Agency,
D e s Peres, M i ssouri
FR - **
Inc.
Federal Reserve Bank of Chicago
S e c t i o n II I - A p p l i c a t i o n s Subject to F e d e r a l R e g i s t e r
Notice Only
(C o n t i n u e d )
C o m m e n t Period
E n d i n g Date
Type
Application
Y-4
First Chicago Corporation
Chicago, I l l i n o i s
S e c t i o n 2 0 — F i r s t C h i cago Capital
Marke t s , Inc.
Chicago, I l l i n o i s — engage de n o v o
in the b u s i n e s s o f u n d e r w r i t i n g a n d
d e a l i n g in debt se c u r i t i e s
F R - 1-19-94
4 ( c)(8)
Q u a d C i t y H o l d i n g s , Inc.
B e t t e n d o r f , Iowa
E n g a g e in l e n d i n g activities
FR
- **
Y-4
Iowa N a t i o n a l B a n k s h a r e s Corp.
Waterloo, Iowa
MidAmerica Financial Corporation
Waterloo, Iowa
M i d A m e r i c a S a v i n g s Bank, FSB
W aterloo, Iowa
FR
N
1-10-94
- 12-26-93
Federal Reserve Bank of Chicago
Sect i o n I V - A p p l i c a t i o n s Not Subject to F e d e r a l R e g i s t e r or N e w s p a p e r
Notice
Twe
Application
None
N
FR
*
**
-
Newspaper
Federal Register
S u b j e c t to P r o v i s i o n s o f C o m m u n i t y R e i n v e s t m e n t A c t
N o t a v a i l a b l e at this time
AVAILABILITY OF CRA PUBLIC EVALUATIONS
REVISED
The f o l l o w i n g s t a t e m e m b e r b a n k s have b e e n e x a m i n e d b y the
F e d e r a l R e s e r v e B a n k o f C h i c a g o for c o m p l i a n c e w i t h the CRA.
The
3 0 - b u s i n e s s d a y p e r i o d the b a n k has to m a k e the e v a l u a t i o n p u b l i c
h a s l a p s e d d u r i n g the w e e k e n d i n g D e c e m b e r 31, 1993.
I f y o u ar e
i n t e r e s t e d in o b t a i n i n g a c o p y of the e v a l u a t i o n d o c u m e n t , p l e a s e
cont a c t the b a nk(s) directly.
Identification of Ratings
O - A n i n s t i t u t i o n in th i s g r o u p has an o u t s t a n d i n g r e c o r d of, an d
is
a l e a d e r i n , a s c e r t a i n i n g and h e l p i n g to m e e t the c r e d i t
needs of
its e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and
moderatei n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t with
its r e s o u r c e s
an d c a p a bilities.
S-A n i n s t i t u t i o n in this g r o u p has a s a t i s f a c t o r y r e c o r d o f
a s c e r t a i n i n g a n d h e l p i n g to m e e t the credit n e e d s o f i t s enti r e
d e l i n e a t e d comm u n i t y , i n c l u d i n low- and m o d e r a t e - i n c o m e
n e i g h b o r h o o d s , in a m a n n e r c o nsistent with i t s
resources and capabilities.
N I - A n i n s t i t u t i o n in this g r o u p n e e d s to i m p r o v e i t s o v e r a l l
record
o f a s c e r t a i n i n g a n d h e l p i n g to m e e t th e c r e d i t n e e d s
of its
e n t i r e d e l i n e a t e d community, i n c l u d i n g l o w - a n d
moderate-income
n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s a n d
capabilities.
S N - A n i n s t i t u t i o n in this g r o u p has a s u b s t a n t i a l l y d e f i c i e n t
r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g to m e e t th e c r e d i t needs o f
its e n t i r e d e l i n e a t e d community, i n c l u d i n g l o w - a n d m o d e r a t e i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h i t s
resources
and capabilities.
BANK NAME/LOCATION
-Grayling State Bank
305 M i c h i g a n A v e n u e
B o x 489
Grayling, M i c h i g a n
(517) 3 4 8-7631
EXAMINATION DAT E
4 9 738
-First Trust & S a v i n g s B a n k
111 E a s t S e c o n d Str e e t
A u r e l i a , Iowa
5 1 005
(712) 434-2291
RATINGS
10/04/93
10/04/93
S
S
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The f o l l o w i n g s t a t e m e m b e r banks have b e e n e x a m i n e d b y the
F e d e r a l R e s e r v e B a n k o f Chicago fo r c o m p l i a n c e w i t h the CRA. The
3 0 - b u s i n e s s d a y p e r i o d the ba n k h a s to m a k e the e v a l u a t i o n p u b l i c
has l a p s e d d u r i n g the w e e k ending J a n u a r y 7, 1994.
I f y o u are
i n t e r e s t e d in o b t a i n i n g a co p y o f the e v a l u a t i o n d o c u m e n t , p l e a s e
c o n t a c t the b a n k ( s ) directly.
Identification
O
o f Ratines
- An i n s t i t u t i o n in this group has an o u t s t a n d i n g r e c o r d of,
a n d is a l e a d e r in, a s c e r t a i n i n g and h e l p i n g to m e e t the
c r e d i t n e e d s o f its entire d e l i n e a t e d c o mmunity, i n c l u d i n g
low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r
c o n s i s t e n t w i t h its resources and c a p a b i l i t i e s .
S
- A n i n s t i t u t i o n in this group has a s a t i s f a c t o r y r e c o r d of
a s c e r t a i n i n g and h e l ping to me e t the credit n e e d s o f its
e n t i r e d e l i n e a t e d community, i n c l u d i n g low- a n d
m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s and c a p a b i l i t i e s .
NT ~ A n i n s t i t u t i o n in this group n e e d s to i m p r o v e its overall
r e c o r d o f a s c e r t a i n i n g and h e l p i n g to m e e t the c r e d i t n e e d s
o f its e n t i r e deli n e a t e d community, i n c l u d i n g low- a n d
m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w ith
its r e s o u r c e s and c a p a b i l i t i e s .
S N - A n i n s t i t u t i o n in this group has a s u b s t a n t i a l l y d e f i c i e n t
r e c o r d o f a s c e r t a i n i n g and h e l p i n g to m e e t the c r edit n e e d s
o f i ts e n t i r e delin e a t e d community, i n c l u d i n g l o w - a n d
m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s and c a p a b i l i t i e s .
B A N K N A M E /L O C A T I O N
- C h e m i c a l B a n k a n d Trust C o m p a n y
333 E a s t M a i n Str e e t
B o x 231
Midland, Michi g a n
48640
(517) 6 3 1 - 9 2 0 0
EXAMINATION DATE
9/07793
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JANUARY 7. 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End of Comment Period
* Section 3(a)(3) application by Liberty National
Bancorp, Inc., Louisville, Kentucky, to convert
its thrift subsidiary, First Federal Savings Bank,
Hopkinsville, Kentucky, into a bank, Liberty
National Bank and Trust Company of Western
Kentucky, Hopkinsville, Kentucky.
Newspaper:
2-5-94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
* Section 4(c)(8) application by First Tennessee National
Corporation, Memphis, Tennessee, to acquire Highland
Capital Management Corporation, a Delaware corporation
engaged in investment advisory activities.
Not yet available
* Section 4(c)(8) application by National Commerce
Bancorporation, Memphis, Tennessee, to acquire Brooks,
Montague & Associates, Inc., Chattanooga, Tennessee, a
company engaged in investment advisory services.
Not yet available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
None.
*This application is subject to CRA.
End of Comment Period
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including tow- 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 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 record o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs 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 7, 1994
Bank Address
Examination
Date
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endincr Date
Application
2-7-94
Norwest Corporation
Mpls, MN
For one of its subsidiary banks,
Norwest Bank Arizona, N.A.,
Phoenix, AZ, to purchase certain
assets and assume certain liabili
ties related to a Phoenix, AZ,
branch of First Nationwide Bank,
fsb, San Francisco, CA
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Endincr Date
Community First Bankshares, Inc.
Fargo, ND
To acquire 100% of the voting shares
of Grand National Bank of Colorado,
Fraser, Colorado*
Not yet available
Reuben A. Ellingson and Eunice R.
Ellingson Family Revocable Living Trust
To acquire control of 16.53% of the
voting shares of State Bank of Bottineau
Holding Company, Bottineau, ND
Not yet available
Wishek Grandchildren's Voting Trust
To acquire control of 44.97% of the
voting shares of McIntosh County Bank
Holding Company, Inc., Ashby, ND
Not yet available
Brill Bancshares, Inc.
Owen, WI
To become a bank holding company
through the acquisition of 89.9% of
the voting shares of Brill State
Bank, Brill, WI*
Not yet available
*Subject to CRA
F E D E R A L R E SERVE B A N K OF M I N N E A P O L I S
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)
Comment Period
Ending Date
Application
Rochester Bank and Trust Co.
Rochester, MN
To become a bank holding company
through the acquisiton of 100%
of the voting shares of the Security
State Bank of Hammond, Hammond, MN*
Not yet available
Aumanchester, Inc.
Rochester, MN
To acquire of 100% of the voting
shares of the Security State Bank
of Hammond, Hammond, MN*
Not yet available
Richard Glynn, Duane Steege and
Lester Timm
To each increase their ownership
to 28.05% of the voting shares
of Northeast Bancorp, Inc.,
Brandon, SD
Not yet available
Section III - Applications Subject
to Federal Register Notice Only
Application
Norwest Corporation
Mpls, MN
To engage in securities brokerage
activities through the acquisition
of certain assets of First Nation
wide Investment Center, Phoenix,
AZ
Comment Period
Ending Date
1-31-94
First Bank System, Inc.
Mpls, MN
To engage de novo in certain data
processing activities in Arizona,
Florida, Kansas, Missouri, Texas,
and Utah
Not yet available
First Bank System, Inc.
Mpls, MN
To engage de novo in certain data
processing activities nationwide.
Not yet available
♦Subject to CRA
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Root River State Bank
Chatfield, MN
To increase its investment
in bank premises by $1.2M
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 8, 1994
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.
B A N K (S ) EXAMINED
DATE OF EXAMINATION
First State Bank
September 27, 1993
of Rushmore
103 North Thompson, Box 48
Rushmore, MN 56168-0048
(507) 478-4121
CRA RATING
Outstanding
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
First State Bank of Taos, Taos, New
Mexico, for prior approval to
establish a branch location in
Sycamore Plaza Shopping Center,
Albuquerque, New Mexico.
Not Available
BancFirst, Oklahoma City, Oklahoma,
for prior approval to merge with
First City Bank, Tulsa, Oklahoma.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Don Bodard, Shawnee, Oklahoma, for
prior approval to acquire 100 percent
of the voting shares of First
Medicine Lodge Bancshares, Inc.,
Medicine Lodge, Kansas.
COMMENT PERIOD ENDING DATE
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
First Medicine Lodge Bancshares,
Inc., Medicine Lodge, Kansas, for
prior approval to redeem 2,633 shares
of its own voting common stock.
Maple Hill Bancshares, Inc., Maple
Hill, Kansas, for prior approval to
repurchase 5,000 shares of its own
common stock.
Federal Reserve Bank of Kansas City
S E C T I O N 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
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 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/Location
Exam Date
Bank of S outhern Colorado
09-07-93
P.O. B o x 7194
Pueblo West, Colorado
81007-0194
♦Application is subject to CRA.
CRA Public
Date
01-03-94
CRA
Rating
Satisfactory
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 3, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
♦Section 9 application received from
Central Bank, Monroe, LA, to establish a branch at
1714 East Madison Ave., Bastrop, LA 71220)
94/01/19
♦Section 9 application received from
Central Bank, Monroe, LA, to establish a branch at
2265 South MacArthur Dr., Alexandria, LA 71315)
94/01/19
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
♦Section 3(a)(1) application by
Mission-Heights Management Company, Ltd., Houston, TX,
to acquire IBID, Inc., Wilmington, DE; Independent Bancorp,
Inc., Channelview, TX; and Channelview Bank, Channelview, TX
(Previously reported during the week of 12-27-93)
Change in Control Notice by
Catherine Finn ("Trustee"), Dallas, TX, and Shannon
Wood ("Trustee"), Refugio, TX, to acquire an interest
in Howland Bancshares, Inc., Robstown, TX
(Previously reported during the week of 12-6-93)
94/01/24
94/01/12
♦Section 3(a)(1) application by
Limestone Bancshares, Inc., Mexia, TX, to acquire
First National Bank of Mexia, Mexia, TX
N/A
♦Section 3(a)(5) application by
Western Commerce Bancshares of Carlsbad, Inc.,
Carlsbad, NM, to acquire Western Bancshares of Clovis,
Inc., Carlsbad, NM
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
None.
NOTICE EXP
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.*
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JANUARY 3, 1994
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
Date of
Examination
Landmark Bank - Mid Cities
150 Westpark Way, Ste. 130
P. 0. Box 1330
Euless, Texas 76039
93/10/04
Satisfactory
Wellington State Bank
1000 Eighth Street
P.0. Box 1032
Wellington, Texas 79095
93/09/27
Outstanding
CRA Rating
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 1/07/94
Section I - Applications Sub.iect to Newspaper Notice Only
Ap d Iication
Comment Period Ending Date
Bank of America Nevada, Las Vegas,
Nevada, to establish a depository ATM
in the Von's Grocery Store at the corners
of Pecos and Windmill, Las Vegas, Nevada. *
Newspaper:
Not available
Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
Kaharudin Latief, Jakarta, Indonesia, to acquire
33 1/3 percent of Bank of San Francisco Bank
Holding Company, San Francisco, California. *
Newspaper:
Not available
Fed. Reg.:
Not available
Section III - Applications Sub.iect to Federal Register Notice Only
U.S. Bancorp, Portland, Oregon, to engage directly
in data processing activities through the use of
customers' personal computers.
Fed. Rea.:
1/19/94
Home Credit Corporation, Salt Lake City, Utah, to
engage directly in lending activities.
Fed. Rea.:
2/01/94
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 1/07/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending January 7, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Examination Date
Rating*
Institution
Location
West One Bank Idaho
P.0. Box 8247
Boise, ID 83733
(208) 383-7000
09/13/93
Satisfactory
Home Valley Bank
P.0. Box 129
10/04/93
Cave Junction, OR 97523
(503) 592-4663
Satisfactory
*Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has
an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs: An institution has
a satisfactory record of ascertaining and meeting the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities
Substantial noncomoliance 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 moderateincome neighborhoods, in a manner consistent with its resouces and capabilities
@FedFRASER