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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, No. 28 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending July 13, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Monetary policy report to Congress. Approved, July 10, 1996. BANK HOLDING COMPANIES Bank of Boston Corporation, Boston, Massachusetts -to acquire BayBanks, Inc., Boston, Massachusetts; BayBank, N.A., Boston, Massachusetts; BayBank NH National Association, Derry, New Hampshire; BayBank FSB, Nashua, New Hampshire, and thereby engage in the operation of a savings and loan association; and to acquire additional shares of NYCE Corporation, Hackensack, New Jersey. Approved, July 10, 1996. BANKS. STATE MEMBER Old Kent Bank, Grand Rapids, Michigan, and Comerica Bank, Detroit, Michigan -- issuance of no action letters by staff to allow the banks to make investments not previously addressed by the Board for state member banks. Approved, July 10, 1996. EXTENSIONS OF TIME Regulation E -- extension of comment period to September 1, 1996, on Board’s proposal to amend the regulation Granted, July 11, 1996. FORMS Application for a Foreign Banking Organization to Become a Bank Holding Company CFR Y-1f) -extension without revision. Proposed, July 9, 1996. Consumer Satisfaction Questionnaire CFR 1379) -extension without revision. Proposed, July 9, 1996. OTC Margin Stock Report CFR 2048)-- extension without revision. Proposed, July 9, 1996. H. 2 J U L Y 8, 1996 PAGE 2 TO J U L Y 12, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Quarterly Report of Condition for a New York State Investment Company and Its Domestic Subsidiaries (FR 2886a) -- to discontinue. Proposed, July 9, 1996. Report of Broker Carrying Margin Accounts CFR 2240) - extension without revision. Proposed, July 9, 1996. Survey of Debits to Selected Deposits Accounts (FR 2573) -- to discontinue. Proposed, July 9, 1996. REGULATIONS AND POLICIES Federal National Mortgage Association --determination that Fannie Mae is a financial institution for purposes of the netting provisions in the Federal Deposit Insurance Corporation Improvement Act. Approved, July 10, 1996. RESERVE BANK OPERATIONS Budget guidelines for 1997. Approved, July 10, 1996. 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 Aliant Bank, Alexander City, Alabama - - t o establish a branch at 92 Euclid Avenue, Birmingham, Alabama. Approved, July 8, 1996. Chicago Baylake Bank, Sturgeon Bay, Wisconsin -- to establish a branch at Glendale Crossing Shopping Center, Green Bay, Wisconsin. Approved, July 12, 1996. H.2 J U L Y 8, 1-996 PAGE 3 TO J U L Y 12, 1996 A C T I O N S T A K E N BY THE ST A F F A ND THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Atlanta Capital City Bank, Tallahassee, Florida -- to establish a branch at the Publix Super Market #533, 6753 Thomasville Road. Approved, July 12, 1996. New York Chemical Bank, New York, New York -- to establish an off-site electronic facility on the premises of Morgan Stanley & Company, Inc., at 1221 Avenue of the Americas. Approved, July 11, 1996. Richmond Crestar Bank, Richmond, Virginia - to establish a branch in the Wal-Mart Supercenter at 550 Old Franklin Turnpike, Rocky Mount, Virginia. Approved, July 8, 1996. St. Louis First Bank, Creve Coeur, Missouri -- to establish a branch at 1526 West Highway 70 South Service Road, Wentzville, Missouri. Approved, July 12, 1996. Atlanta First Independence Bank, Fort Myers, Florida - - t o establish a branch at 6061 Estero Boulevard, Fort Myers Beach, Florida. Approved, July 12, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch office in the Hilltop Retirement Home, 286 Deyo Hill Road; and in the Tops Markets Inc., Pyramid Mall, at the intersection of Routes 5 and 20 and Route 14A, Geneva, New York. Approved, July 8, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish a branch in the Osborn Retirement Community, 101 Theall Road, Rye, New York. Approved, July 12, 1996. Chicago NBD Bank, Detroit, Michigan -- to establish an offsite electronic facility at 512 Broad Street, St. Joseph, Michigan. Approved, July 9, 1996. H.2 J U L Y 8, 1996 PAGE 4 TO J U L Y 12, 1996 A C T I O N S T A K E N BY TH E S T A F F A N D THE F E D E R A L R E S E R V E B A N K S UNDER D E L E G A T E D A U T H O R I T Y BANK BRANCHES, DOMESTIC Dallas Silsbee State Bank, Silsbee, Texas -- to establish a branch at Main at Commerce, Buna, Texas. Approved, July 11, 1996. Secretary SunTrust Bank, Atlanta, Georgia - - t o establish branches at Merton Walk, 911 Georgia Highway, 120, Lawrenceville; Five Forks Corners, at the intersection of Killian Hill and Five Forks Trickum, Lilburn; MacLande Point, 1750 Powder Springs Road, Marietta; Tree Trail Village, 12250 Tech Drive, N.W., Norcross; Lost Mountain Crossing, 5100 Dallas Highway, Powder Springs; and Horizon Village, at the intersection of Lawrenceville Suwanee Road and Interstate 85, Suwanee, Georgia. Approved, July 10, 1996. BANK HOLDING COMPANIES Cleveland BancFirst Ohio Corporation, Zanesville, Ohio - - t o acquire County Savings Bank, Newark, Ohio. Permitted, July 12, 1996. Chicago Carroll County Bancshares, Inc., Carroll, Iowa -- to acquire Nevada Community Bancshares, Inc, Nevada, Iowa, and Community Bank, Nevada, Iowa. Approved, July 12, 1996. Boston Commerce Bancshares Corporation, Worcester, Massachusetts - - t o acquire Commerce Bank 8 Trust Company. Approved, July 12, 1996. Cleveland F.N.B. Corporation, Hermitage, Pennsylvania -- to acquire Southwest Banks, Inc., Naples, Florida. Approved, July 12, 1996. Dallas Falcon Nevada, Inc., Reno, Nevada -- request for waiver of application to acquire Falcon National Bank, Laredo, Texas. Granted, July 8, 1996. H.2 JULY 8, 1996 PAGE 5 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Finlayson Bancshares, Inc., Finlayson, Minnesota -to acquire Wood Lake Bancorporation, Wood Lake, Minnesota. Approved, July 12, 1996. Minneapolis Finlayson Bancshares, Inc,, Finlayson, Minnesota -to engage in general insurance agency activities through acquisition of Wood Lake Bancorporation, Wood Lake, Minnesota. Approved, July 12, 1996. San Francisco Frontier Financial Corporation, Everett, Washington - to acquire Whidbey Island Bank, Oak Harbor, Washington. Approved, July 9, 1996. Chicago Hills Bancorporation, Hills, Iowa -- to acquire Hill Bank Kalona, Kalona, Iowa. Approved, July 10, 1996. Minneapolis Inter-Mountain Bancorp, Inc., Bozeman, Montana -- to acquire First Security Bank of Belgrade, Belgrade, Montana. Approved, July 9, 1996. Minneapolis James Valley Bancorporation, Inc., Jamestown, North Dakota -- to acquire North Star Holding Company, Inc. Withdrawn, July 12, 1996. Director, BS&R Keystone Financial, Inc., Harrisburg, Pennsylvania - request for limited relief from a restriction under which Keystone currently conducts certain investment advisory activities. Granted, July 12, 1996. H.2 JULY 8, 1996 PAGE 6 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Libertyville Bancorp, Inc.., Lake Forest, Illinois -notification of intent to engage de novo in lending activities. Permitted, July 11, 1996. Dallas Mercedes Bancorp, Inc., Mercedes, Texas -- change in bank control.. Returned, July 9, 1996. Atlanta Middle Georgia Bankshares, Inc., Unadilla, Georgia -to establish Proimage, Inc., Macon, Georgia, and engage in data processing activities, in a joint venture with First Macon Bank & Trust and Provesa, Inc. Permitted, July 12, 1996. Chicago Nevada Community Bancshares, Inc., Nevada, Iowa -- to acquire Community Bank. Approved, July 12, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota -notification of intent to engage in general insurance agency activities through acquisition of certain assets of DUMAE Insurance Agency, Inc., Dell Rapids, South Dakota. Permitted, July 9, 1996. Secretary Old National Bancorp, Evansville, Indiana -- to acquire Workinghmens Capital Holdings, Inc., Bloomington, Indiana, and Workingmens Federal Savings Bank. Approved, July 12, 1996. Kansas City Platte Valley Banc, Inc., Scottsbluff, Nebraska -- to acquire Platte Valley National Bank. Approved, July 8, 1996. New York Societe Generaie, Paris, France -- to engage de novo, through its New York branch, in making equity and debt investments in corporations or projects designed primarily to promote community welfare. Permitted, July 10, 1996. H.2 JULY 8, 1996 PAGE 7 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Southeast Bancorp of Texas, Inc., Winnie, Texas -- to acquire the Beaumont, branch of Bonnet Finance Corporation, and engage in lending activities. Permitted, July 12, 1996. Cleveland Star Banc Corporation, Cincinnati, Ohio - - t o acquire DJJ Leasing Ltd. Permitted, July 10, 1996. Cleveland Star Banc Corporation, Cincinnati, Ohio -- to acquire DJJ Leasing Ltd. Permitted, July 10, 1996. New York SVB Financial Services, Inc., Somerville, New Jersey, -- to acquire Somerset Valley Bank. Approved, July 10, 1996. Richmond United Community Bankshares, Inc., Franklin, Virginia -- to acquire the Bank of Franklin, Franklin; and the Bank of Sussex and Surry, Wakefield, Virginia. Approved, July 10, 1996. Atlanta Volunteer State Bancshares, Inc., Portland, Tennessee -- request for relief from commitments in connection with change in bank control. Approved, July 10, 1996. San Francisco West Coast Bancorp, Lake Oswego, Oregon - - t o form West Coast Trust Company, Inc., Salem, Oregon. Permitted, July 10, 1996. BANK MERGERS Richmond F & M Bank-Hallmark, Springfield, Virginia -- to merge with F & M Bank-Potomac, Herndon, Virginia, and Fairfax Bank 8 Trust Company, Fairfax, Virginia, and to establish branches. Approved, July 10, 1996. H.2 JULY 8, 1996 PAGE 8 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Dallas Silsbee State Bank, Silsbee, Texas -- to acquire certain assets and assume the liabilities of the Buna Branch of First Bank of Texas, Tomball, Texas, Approved, July 11, 1996. CAPITAL STOCK Chicago Adair Insurance Agency, Inc., Adair, Iowa -redemption of shares. Approved, July 11, 1996. Chicago Madison Holding Company, Winterset, Iowa -redemption of shares. Approved, July 11, 1996. Atlanta Synovus Financial Corporation, Columbus, Georgia, and TB&C Bancshares, Inc. -- to retain control of Canterbury Trust Company, Birmingham, Alabama, and continue to engage in trust activities. Approved, July 10, 1996. CHANGE IN BANK CONTROL Kansas City Bates County Bancshares, Inc., Rich Hill, Missouri -change in bank control. Permitted, July 12, 1996. Atlanta Community Bancshares of Mississippi, Inc., Forest, Mississippi -- request for waiver of commitment concerning change in bank control. Granted, July 11, 1996. Kansas City Drexel Bancshares, Inc., Drexel, Missouri -- change in bank control. Permitted, July 10, 1996. Chicago Madison Holding Company, Winterset, Iowa -- change in bank control. Permitted, July 11, 1996. Dallas Mercedes Bancorp, Inc., Mercedes, Texas -- change in bank control. Returned, July 9, 1996. H.2 JULY 8, *996 PAGE 9 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Rock Creek Bancshares, Inc.,, Burlington, Kansas -change in bank control. Permitted, July 12, 1996. St. Louis Seligman Bancshares, Inc., Seligman, Missouri -change in bank control. Permitted, July 12, 1996. Atlanta Volunteer State Bancshares, Inc., Portland, Tennessee -- request for relief from commitments in connection with change in bank control. Permitted, July 10, 1996. COMPETITIVE FACTORS REPORTS St. Louis Bradford National Interim Bank, Greenville, Illinois proposed merger with the Bradford National Bank of Greenville -- report on competitive factors. Submitted, July 12, 1996. St. Louis Citizens National Bank of Albion, Albion, Illinois proposed merger with CNB National Bank -- report on competitive factors. Submitted, July 11, 1996. Dallas Compass Bank - Houston, Houston, Texas, proposed acquisition of the assets and assumption of the liabilities of three branches of Coastal Banc, S.S.B. at 6100 Broadway, San Antonio, Texas; 4400 Vance Jackson; 6610 Blanco Road -- report on competitive factors. Submitted, July 10, 1996. H.2 JULY 8, 1996 PAGE 10 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago First Bank of the Americas, S.S.B., Chicago, Illinois, proposed merger with Interim First Bank, S.B. -- report on competitive factors. Submitted, July 8, 1996. Richmond First Gaston Bank, Gastonia, North Carolina, proposed acquisition of certain assets and assumption of the liabilities of the Mount Holly, North Carolina, branch of First Community Bank -- report on competitive factors. Submitted, July 12, 1996. Chicago Hills Bank Kalona, Kalona Iowa, proposed acquisition of the assets and assumption of the liabilities of Boatmen’s Bank of Iowa, N.A. -- report on competitive factors. Submitted, July 10, 1996. Kansas City Mid City Bank, Inc., Omaha, Nebraska, proposed acquisition of the assets and assumption of the liabilities of Western Security Bank -- report on competitive factors. Submitted, July 11, 1996. Dallas New First Savings Bank, F.S.B., Clovis, New Mexico, proposed merger with First Savings Bank, F.S.B. -report on competitive factors. Submitted, July 9, 1996. Kansas City Norwest Bank of Colorado, Denver, Colorado, proposed merger with Regional Bank of Colorado, N.A., Rifle, Colorado -- report on competitive factors. Submitted, July 10, 1996. New York Republic National Bank of New York, New York, New York, proposed acquisition of certain assets and assumption of certain liabilities of the branch of Independence Savings Bank, Brooklyn, New York, at 6802 Bay Parkway -- report on competitive factors. Submitted, July 11, 1996. H.2 JULY 8, 1996 PAGE 11 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Simmons First Bank of Lake Village, Lake Village, Arkansas, proposed acquisition of the assets and assumption of the liabilities of Simmons First Bank of Dermott, Dermott, Arkansas -- report on competitive factors. Submitted, July 12, 1996. St. Louis Southeast Arkansas Bank, Parkdale, Arkansas proposed merger with Wilmot State Bank, Wilmot, Arkansas -report on competitive factors. Submitted, July 11, 1996. Richmond Southern Bank and Trust Company, Mount Olive, North Carolina, proposed acquisition of the assets and assumption of the liabilities of the Edenton, North Carolina, branch of United Carolina Bank, Whiteville, North Carolina -- report on competitive factors. Submitted, July 10, 1996. Richmond Tryon Federal Savings and Loan Association, Tryon, North Carolina proposed merger with the Hometown Bank, Clyde, North Carolina -- report on competitive factors. Submitted, July 9, 1996. EXTENSIONS OF TIME Atlanta Kislak Financial Corporation, Miami Lakes, Florida -extension to October 14, 1996, to acquire shares of Kislak National Bank, North Miami, Florida. Granted, July 12, 1996. H.2 JULY 8, 1996 PAGE 12 TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago LeMars Bancorporation, Inc., LeMars, Iowa -extension to October 12, 1996, to acquire Brunsville Bancorporation, Inc., Brunsville, Iowa; First State Bank; Merrill Bancorporation, Inc., Merrill, Iowa; and Farmers State Bank. Granted, July 12, 1996. Dallas Overton Delaware Corporation, Dover, Delaware -extension to October 16, 1996, to acquire Longview Financial Corporation, Longview, Texas. Granted, July 9, 1996. Dallas Overton Financial Corporation, Overton, Texas -extension to October 16, 1996, to acquire Longview Financial Corporation, Longview, Texas. Granted, July 9, 1996. San Francisco Zions Bancorporation, Salt Lake City, Utah -extension to divest certain property. Granted, July 8, 1996. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of San Francisco -- to acquire commercial check image capture, archive, and retrieval systems to accommodate image enhanced payor bank services. Approved, July 12, 1996. H.2 JULY 8, 1*996 PAGE 13 ADDITIONS AND CORRECTIONS TO JULY 12, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Bank of the Desert, N.A., La Quinta, California proposed merger with Valley Independent Bank, El Centro, California -- report on competitive factors. Submitted, July 1, 1996. Atlanta Citizens State Bank, Butler, Georgia, proposed merger with Crawford County Bank, Roberta, Georgia, -report on competitive factors. Submitted, July 3, 1996. Atlanta Regions Bank, Gainesville, Georgia, proposed merger with Rockdale Community Bank, Conyers, Georgia, and to establish one branch -- report on competitive factors. Submitted, July 3, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS 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 NONE 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 Institution Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK Comment Period Ending Date SECTION I Applications Subject to Newspaper ______Notice Only______ None. SECTION n Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (subject to Federal Register Notice Only ) Notice by Commerzbank AG, Frankfurt, Germany to engage through its subsidiary, Commerz Futures Corp. in securities brokerage activities worldwide. 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its NA 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 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 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 o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. W eek Ending July 13. 1996 NAME O F BANK RATING None. 1/ Subject to provisions o f 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 EXAM INATION DATE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY United Bank of Philadelphia. Philadelphia, PA to establish a branch office at 38th Street and Lancaster Avenue, Philadelphia, PA, pursuant to Section 9 of the Federal Reserve Act. Newspaper comment period expires: N/Avail. SECTION H ■■APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION m - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NONE 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 July 12, 1996. 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 o f 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 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 of meeting community credit needs. An institution in this group needs to improve its overall 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. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending July 13, 1996) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received application submitted by Banc One Corporation, Columbus, Ohio, on behalf of its wholly-owned subsidiary, Bank One, Texas, N .A ., Dallas, Texas, on July 12, 1996, to establish an Edge Act corporation, Banc One International Corporation.* * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date of Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (July 12, 1996) 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 July 12, 1996. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record 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 IM PROVE: 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COM PLIANCE: 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 low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NO NE F e d e r a l R e s e r v e B a n k of R i c h m o n d Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Summit Bankshares, Inc., Raphine, Virginia, to become a bank holding company through the acquisition of 100% of the voting shares of Bank of Rockbridge, Raphine, Virginia.* 7-25-96 Centura Bank, Rocky Mount, North Carolina, to establish a branch at 109 Broadfoot Avenue, Fayetteville, North Carolina.* 7-30-96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application MainStreet BankGroup Incorporated, Martinsville, Virginia, to acquire Hanover Bank, Mechanicsville, Virginia.* Comment Period Ending Date 8-12-96 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Wachovia Corporation, Winston-Salem, North Carolina, to engage in tax planning and preparation services through its sub sidiary, Wachovia Capital Markets, Inc., Atlanta, Georgia. 7-23-96** Key Capital Corporation, Inc., Owings Mills, Maryland, to make, acquire, or service loans or other extensions of credit (including issuing letters of credit and accepting drafts) for Key Capital Corporation, Inc., or for the account of others, such as would be made by consumer finance, credit card, mortgage, and commercial finance companies. 8-8-96** *Application is subject to CRA requirements **Expiration of comment period specified in the Federal Register. F e d e r a l R e s e r v e B a n k of R i c h m o n d Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Richmond Section V - Availability of CRA Public Evaluations Week ending July 12, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating Rockingham Heritage Bank 110 University Boulevard Harrisonburg, Virginia 22801 4-22-96 Outstanding Hanover Bank 7012 Mechanicsville Turnpike Mechanicsville, Virginia 23111 4-22-96 Outstanding F e d e r a l R e se 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 Week E n d in g J u l y 5, 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date ISB Financial Corporation Not yet available* New Iberia, Louisiana To merge with Jefferson Bancorp, Inc., Gretna, Louisiana, and thereby directly acquire Jefferson Federal Savings Bank, Gretna, Louisiana (Jefferson), pursuant to Section 3(a) (5) of the Bank Holding Company Act. Prior to consummation, Jefferson will convert from a federally-chartered savings bank to a statechartered federal savings bank. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date SouthTrust Corporation 07-29-96 Birmingham, Alabama Through its wholly-owned subsidiary, SouthTrust Securities, Inc., Birmingham, Alabama, to engage in underwriting and dealing in certain private ownership industrial development revenue bonds and certain unrated municipal revenue bonds, including unrated public ownership and private ownership industrial development bonds, pursuant to Section 4(c) (8) of the Bank Holding Company Act. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ♦Subject to provisions of the Community Reinvestment Act. F e d e ra l R e se rv e Bank 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 Week E n d in g J u ly 12, 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment’of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Bank CRA Rating Guaranty Bank & Trust Company Post Office Box 618 Venice, Florida 34284 (813)485-9000 Satisfactory 03-25-96 Gulf Bank Highway 182 East Orange Beach, Florida 36561 (334)981-4200 Satisfactory 04-08-96 Alabama Exchange Bank 102 West Northside Street Tuskegee, Alabama 36083 (334)727-1730 Satisfactory 04-08-96 F e d e ra l Reserve Bank o f A t la n t a A p p lic a t i o n s B u l l e t i n f o r Week E n d in g J u ly 12, Recently Approved Applications 1996 Approval Date Aliant Bank 07-08-96 Alexander City, Alabama To establish a branch located at 92 Euclid Avenue, Birmingham, Alabama Capital City Bank 07-12-96 Tallahassee, Florida To establish a branch located at the Publix Super Market #533, 6753 Thomasville Road, Tallahassee, Florida. First Independence Bank 07-12-96 Fort Myers, Florida To establish a branch located at 6061 Estero Boulevard, Fort Myers Florida, to be known as the Fort Myers Beach Office. Beach SunTrust Bank 07-10-96 Atlanta, Georgia To establish a branch located at 5100 Dallas Highway, Powder Springs, Georgia, to be known as the Lost Mountain Crossing Branch. SunTrust Bank 07-10-96 Atlanta, Georgia To establish a branch located at the intersection of Killian Hill and Five Forks Trickum, Lilburn, Georgia, to be known as the Five Forks Corners Branch. SunTrust Bank 07-10-96 Atlanta, Georgia To establish a branch located at the intersection of Lawrenceville Suwanee Road and 1-85, Suwanee, Georgia, to be known as the Horizon Village Branch. SunTrust Bank 07-10-96 Atlanta, Georgia To establish a branch located at 1750 Powder Springs Road, Marietta, Georgia, to be known as the MacLand Pointe Branch. 07-10-96 SunTrust Bank Atlanta, Georgia To establish a branch located at 1250 Tech Drive, N.W. , Norcross, Georgia, to be known as the Tree Trail Village Branch. 07-10-96 SunTrust Bank Atlanta, Georgia To establish a branch located at 911 Georgia Highway 120, Lawrenceville, Georgia to be known as the Merton Walk Branch. Community Bancshares of Mississippi, Inc. Forest, Mississippi Commitment waiver request. 07-11-96 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Endine Date Type A pplication Merger/B ranch DeMotte State Bank DeMotte, Indiana Hebron, Indiana branch of First Chicago/NBD Bank, N.A. Indianapolis, Indiana 507 South Main Street Hebron, Indiana NP - 7-12-96 Branch F&M Bank Kaukauna, Wisconsin 1901 East Main Street Little Chute, Wisconsin NP - 7-18-96 Membership Ossian State Bank Ossian, Iowa NP - 7-15-96 Branch Comerica Bank Detroit, Michigan 31145 Harper St. Clair Shores, Michigan NP - 7-27-96 EFT NBD Bank Detroit, Michigan 512 Broad Street St. Joseph, Michigan NP - 6-12-96 Merger/Branch First Banking Center-Burlington Burlington, Wisconsin Genoa City, Wisconsin branch of American National Bank and Trust Company of Genoa City Genoa City, Wisconsin 235 Freeman Street Genoa City, Wisconsin NP - ** NP Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Merger/Branch First Banking Center-Burlington Burlington, Wisconsin Pell Lake, Wisconsin branch of American National Bank and Trust Company of Genoa City Genoa City, Wisconsin N1264 Park Road Pell Lake, Wisconsin NP _ ** Branch M&I First American Bank Wausau, Wisconsin 220 South 18th Avenue Wausau, Wisconsin NP - 7-25-96 Branch Citizens Bank Flint, Michigan 32200 Schoolcraft Road Livonia, Michigan NP - 7-21-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application 3(a)(5) First Merchants Corporation* Muncie, Indiana Randolph County Bancorp Winchester, Indiana Randolph County Bank Winchester, Indiana FR - 7-15-96 NP - 7-9-96 3(a)(3) North Shore Community Bancorp, Inc.* Lake Forest, Illinois Lake Forest Bancorp, Inc. Lake Forest, Illinois Lake Forest Bank and Trust Company Lake Forest, Illinois Hinsdale Bancorp, Inc. Hinsdale, Illinois Hinsdale Bank and Trust Company Libertyville Bancorp, Inc. Libertyville, Illinois Libertyville Bank and Trust Company Libertyville, Illinois FR - 7-8-96 NP - 7-7-96 3(a)(1) Fortress Bancshares, Inc.* Cresco, Iowa Fortress Holdings, Inc. Hartland, Wisconsin Houston Security Bank Houston, Minnespolis Westby-Coon Valley State Bank Westby, Wisconsin FR - 7-15-96 NP - 6-21-96 3(a)(3) Old O’Brien Bancshares, Inc.* Sutherland, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 7-20-96 3(a)(1) Farmers State Bancshares, Inc.* Mason City, Iowa Farmers State Bank North wood, Iowa FR - 7-19-96 NP - 7-22-96 Federal Reserve Bank o f Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date T ype Application 3(a)(3) Great Lakes Financial Resources, Inc. ESOP* Homewood, Illinois Great Lakes Financial Resources, Inc. Homewood, Illinois Bank of Homewood Homewood, Illinois Bank of Matteson Matteson, Illinois First National Bank of Blue Island Blue Island, Illinois FR - 7-12-96 NP - 7-16-96 3(a)(1) Community Holdings Corporation* Palos Hills, Illinois First State Bank and Trust Company of Palos Hills Palos Hills, Illinois FR - 8-1-96 3(a)(3) Hills Bancorporation* Hills, Iowa Hills Bank Kalona Kalona, Iowa (in organization) FR - 7-8-96 NP - 6-22-96 3(a)(3) Landmark Financial Group, Inc.* Belvidere, Illinois Alpine Bancorporation, Inc. Rockford, Illinois Alpine Bank of Illinois Rockford, Illinois FR - 7-8-96 NP - 7-7-96 3(a)1) St. Joseph Capital Corporation* South Bend, Indiana St. Joseph Capital Bank Mishawaka, Indiana (in organization) FR - 7-26-96 NP - ** 3(a)(1) Lewis Family Partners, L.P.* Morris, Illinois Illinois Valley Bancorp, Inc. Morris, Illinois Grundy County National Bank Morris, Illinois FR - 8-1-96 _ ** NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(3) Country Bank Shares Corporation* Mount Horeb, Wisconsin Belleville Bancshares Corporation Belleville, Wisconsin Belleville State Bank Belleville, Wisconsin FR - 8-8-96 ABN AMRO Bank N.V.* Amsterdam, The Netherlands Bankers Corporation Perth Amboy, New Jersey Bankers Savings Bank Perth Amboy, New Jersey PR . ** 3(a)(3) ABN AMRO Holding N.V.* Amsterdam, The Netherlands Bankers Corporation Perth Amboy, New Jersey Bankers Savings Bank Perth Amboy, New Jersey PR . ** Np _ ** 3(a)(3) Stichting Administratiekantoor ABN AMRO Holding* Amsterdam, The Netherlands Bankers Corporation Perth Amboy, New Jersey Bankers Savings Bank Perth Amboy, New Jersey FR - ** Stichting Priorieteit ABN AMRO Holding N.V.* Amsterdam, The Netherlands Bankers Corporation Perth Amboy, New Jersey Bankers Savings Bank • Perth Amboy, New Jersey FR . ** NP . ** 3(a)(3) 3(a)(3) jsjp . ** p jp - ** pjp _ ** Federal Reserve Bank o f Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) North Shore Community Bancorp, Inc. Lake Forest, Illinois Crabtree Capital Corporation Schaumburg, Illinois FR - 7-8-96 4(c)(8) UnionBancorp, Inc. Streator, Illinois LaSalle County Collections, Inc. Ottawa, Illinois FR - 7-8-96 4(c)(8) Bank of Montreal Montreal, Canada Multinet International Bank New York, New York PR . ** 4(c)(8) First Chicago NBD Corporation Chicago, Illinois Multinet International Bank New York, New York PR . ** 4(c)(8) Marshall & Ilsley Corporation Milwaukee, Wisconsin EastPoint Technology, Inc. Bedford, New Hampshire FR - 7-12-96 4(c)(8) Pinnacle Banc Group, Inc. Oak Brook, Illinois Financial Security Corp. Chicago, Illinois Security Federal Savings and Loan Association Chicago, Illinois FR - ** jsjp _ ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date 1ym Application 4(c)(8) ABN AMRO Bank N.V. Amsterdam, The Netherlands ChiCorp, Inc. Chicago, Illinois The Chicago Corporation Chicago, Illinois PR . ** 4(c)(8) A B N A M R O H old in g N .V . PR _ ** Amsterdam, The Netherlands ChiCorp, Inc. Chicago, Illinois The Chicago Corporation Chicago, Illinois 4(c)(8) Stichting A dm inistratiekantoor A B N A M R O H olding A m sterdam , T he N etherlands PR . ** C hiC orp, Inc. C h ica g o , Illin ois T he C h icago C orporation C h ica g o , Illin ois 4(c)(8) Stichting Prioriteit A B N A M R O H olding A m sterdam , The N etherlands C hiC orp, Inc. C h ica g o , Illinois T he C h icago C orporation C h ica g o , Illinois p Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type None Application Federal Reserve Bank of Chicago Section V - Availability of CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank 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 July 12, 1996. If you are interested in obtaining a copy o f the evaluation document, please contact the bank(s) directly. Identification of Ratines 0 - 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 has a 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. SN - An institution in this group has a substantial noncompliance record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilies. BANK NAME/LOCATION EXAMINATION DATE NONE RATINGS Federal Reserve Bank of St. Louis FOR THE WEEK ENDING July 12, 1996 SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE Application E nd of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(1) application by The Belknap Partnership, L .P ., Poplar Bluff, Missouri, to acquire Bootheel Bancorp, Inc., Poplar Bluff, Missouri (previously reported during the week ending July 5, 1996). Federal Register: 8-8-96 * Section 3(a)(3) application by Mark Twain Bancshares, Inc., St. Louis, Missouri, to acquire Northland Bancshares, Inc., Kansas City, Missouri. Newspaper: 8-1-96 * Section 3(a)(1) application by Mark Twain Acquisition Corp. II, St. Louis, Missouri, to acquire Northland Bancshares, Inc., Kansas City, Missouri. Newspaper: 8-1-96 SECTIO N III - APPLICATIONS SUBJECT TO FEDERAL R EG ISTER NOTICE Application E nd of Comment Period Section 4(c)(8) notification by Sharon Bancshares, Inc., Sharon, Tennessee, to engage, de novo, in full-service brokerage activities through offices of the holding company’s subsidiary banks (previously reported during the week ending June 28, 1996). 7-19-96 Section 4(c)(8) notification by Century Bancshares, Inc., Gainesville, Missouri, to directly engage, de novo, in securities brokerage activities through offices of the holding company’s subsidiary banks (previously reported during the week ending July 5, 1996). 7-23-96 SECTIO N IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER N O TIC E OR NEWSPAPER NOTICE Application None. * This application/notification is subject to CRA. E nd of Comment Period FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification 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 o f 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. FOR THE WEEK ENDING July 12, 1996 Name of Bank None Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date A pplication Y ellow stone Bank, Laurel, Montana, proposes to m erge w ith Y ellow stone Bank, Absarokee, Montana; Y ellow stone Bank, Billings, Montana; and Y ellow ston e Bank, Columbus, Montana, and incident thereto establish branches in the Montana com m unities o f Absarokee, Billings, and Columbus. * Not yet available ^Subject to CRA FED ER A L RESERVE BA N K O F M IN N E A P O L IS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application NONE. FEDERAL RESERVE B A N K O F M IN N E A P O L IS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date A pplication NONE. FEDERAL RESERVE B A N K O F M IN N E A P O L IS Section IV - Applications Not Subject to Federal Register N otice or Newspaper N otice A pplication NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending July 12, 1996 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 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(S) EXAMINED DATE OF EXAMINATION CRA RATING Victoria State Bank 1630 Arboretum Boulevard Victoria, MN 55386 (612) 443-2491 March 18, 1996 Satisfactory Federal Reserve Bank of Kansas City SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATF. BancFirst, Oklahoma City, Oklahoma, for prior approval to establish an ATM and night deposit box at 310 N. Washington, Suite 1345, Weatherford, Oklahoma. Not Available First United Bank, Parker, Colorado, for prior approval to establish a branch facility at 201 Wadsworth Boulevard, Lakewood, Colorado. Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATF. None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL R EG ISTER N O TICE ONLY APPLICATION COMMENT PERIOD ENDING DATE First Kansas Bancshares, Inc., Hutchinson, Kansas, for prior approval to engage de novo, through its subsidiary Personal Financial Corp., Hutchinson, Kansas, in a joint venture in consumer finance lending activities. July 30, 1996 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER N O TIC E OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Federal Reserve Bank of Kansas City O utstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.* Bank/Location Exam Date CRA Public Date First Security Bank P.O. Box 127 Mitchell, Nebraska 69357-0127 04/08/96 07/09/96 Outstanding Citizens State Bank P.O. Box 89 Polk, Nebraska 68654-0089 04/08/96 07/11/96 Satisfactory *Application is subject to CRA. CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 8, 1996 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 Tommy Mayhew Lovell, Jr., Farmersville, TX, to acquire an interest in Farmersville Bancshares, Inc., Farmersville, TX (Previously reported during the week of 6-17-96) 96/07/20 Change in Control Notice by John Gordon Muir, Jr., Houston, TX, to acquire an interest in Thorndale Bancshares, Inc., Thorndale, TX (Previously reported during the week of 6-17-96) 96/07/17 ♦Section 3(a)(3) application by Big Bend Bancshares Corporation, Presidio, TX, to acquire additional shares of Marfa National Bank, Marfa, TX (Previously reported during the week of 6-24-96) 96/07/22 ♦Section 3(a)(3) application by Rio Bancshares Corporation, Wilmington, DE, to acquire additional shares of Marfa National Bank, Marfa, TX (Previously reported during the week of 6-24-96) 96/07/22 ♦Section 3(a)(3) application by National Bancshares Corporation of Texas, Laredo, TX, to acquire Luling Bancshares, Inc., Luling, TX, and First National Bank, Luling, TX N/A ♦Section 3(a)(3) application by NBT of Delaware, Inc., Wilmington, DE, to acquire Luling Bancshares, Inc., Luling, TX, and First National Bank, Luling, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE 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 JULY 8, 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Date of Examination CRA Ratinq Citizens Bank and Trust Company of Baytown, Texas 1300 Rollingbrook Dr. P. 0. Box 150 Baytown, Texas 77522 96/03/25 Outstanding FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/12/96 Section I - Applications Subject to Newspaper Notice Only A d d Iication Comment Period Ending Date U.S. Bank of Utah, Salt Lake City, Utah, to establish branches at the Target stores, located at 7025 S. Park Center Drive, Midvale, Utah, and 200 N. Market Place Drive, Centerville, Utah. * Newspaper: 7/07/96 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Western Acquisition Partners, L.P., and Western Acquisition, L.L.C., Buffalo Grove, Illinois, to become bank holding companies by acquiring at least 43.5 percent of Sunwest Bank, Tustin, California. * Newspaper: Not available Fed. Rea.: 7/26/96 Cal Fed Bancorp, Inc., Los Angeles, California, to become a bank holding company by acquiring First Citizens Bank, Sherman Oaks, California, and to retain ownership of California Federal Bank, FSB, Los Angeles, California, and thereby engage in the activity of operating a savings association. * Newspaper: 6/17/96 Fed. Reg.: 8/13/96 Section III -Applications Sub.iect to Federal Register Only Wells Fargo & Company, San Francisco, California, to expand the geographic scope of the activities of issuing and selling variably denominated payment instruments throughout the United States, through all Wells Fargo branches, existing now or hereafter acquired. * Subject to CRA. Fed. Reg.: 7/30/96 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/12/96 Section III -Applications Subject to Federal Register Only (cont’d). Cal Fed Bancorp, Inc., Los Angeles, California, to retain ownership of, and engage in nonbanking activities through, Cal Fed Credit, Inc., Rosemead, CA; Cal Fed Credit of Texas, Inc., Irving, TX; Cal Fed Investment Corp.; Cal Fed Insurance Agency, Inc.; Cal Fed Investment Services; Cal Fed Mortgage Company; and Cal Fed Service Corporation, all of Los Angeles, CA. Fed. Reg.: 8/13/96 Cal Fed Bancorp, Inc. also has proposed to retain the following subsidiaries: Cal Fed Enterprises, CFE Portrero Corporation, Cal Fed Syndications, California Communities, Inc., CF Management Corp., CF Recovery Corp. One, CF Recovery Corp. Two, Melrose Funding Incorporated, and XCF Acceptance Corporation, all of Los Angeles, California. Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/12/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location California Center Bank 2222 W. Olympic Blvd. Los Angeles, CA 90006 (213) 386-2222 2/26/96 Satisfactory Cache Valley Bank 101 N. Main Street Logan, UT 84321-4525 (801) 753-3020 3/11/96 Satisfactory Examination Date Ratinq* *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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER