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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1994, No. 29 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending July 16, 1994 TESTIMONY AND STATEMENTS Monetary policy report to Congress. Authorized, July 13, 1994. Monetary policy objectives -- statement by Chairman Greenspan before the Senate Committee on Banking, Housing, and Urban Affairs on July 20, and before the House Committee on Banking, Finance and Urban Affairs, July 22, 1994. Authorized, July 14, 1994. Counterfeiting U.S. currency -- statement by Governor Kelley before the House Committee on Banking, Finance and Urban Affairs on Treasury's plans to further protect U.S. currency, July 13, 1994. Published, July 13, 1994. BANK HOLDING COMPANIES G.B. Financial Services, Inc., Greenbush, Minnesota - to acquire Greenbush Bancshares, Inc., and Greenbush State Bank. Approved, July 13, 1994. Mark Twain Bancshares, Inc., St. Louis, Missouri -to acquire C.B. Bancshares, Inc., and Century Bank Des Peres, Missouri. Approved, July 13, 1994. BANK MERGERS Fleet Bank of New York, Albany, New York -- request for reconsideration of approval by the Federal Reserve Bank of New York of the application to merge with Fleet Bank, Melville, New York, and to establish branches. Denied, July 15, 1994. BOARD OPERATIONS Office of the Secretary -- appointment of Jennifer J. Johnson as Deputy Secretary of the Board. Approved, July 13, 1994. H.2 JULY 11, 1994 PAGE 2 TO JULY 15, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT Provident Bancorp of Texas, Inc., Dallas, Texas -consent order to cease and desist and of assessment of a civil money penalty against Donald R. Horton, a former director and majority shareholder. Announced, July 12, 1994. GENERAL ACCOUNTING OFFICE Financial Derivatives: Actions Needed to Protect the Financial System -- letter to Congress concerning the General Accounting Office report. Approved, July 14, 1994. INTERNATIONAL OPERATIONS Citibank, N.A., New York, New York -- to establish a branch in Hanoi, Vietnam. Permitted, July 11, 1994. REGULATIONS AND POLICIES Electronic Federal Tax Payment System -- press release indicating Reserve Banks will not submit response to Treasury*s Invitation for Expressions of Interest. Approved, July 11, 1994. Regulation 0 -- technical corrections to final regulation published February 24, 1994, concerning loans by a member bank to its insiders and insiders of its affiliates. Approved, July 15, 1994. RESERVE BANK OPERATIONS Federal Reserve Bank of Boston -- appointment of Cathy E. Minehan as President. Approved, July 13, 1994. H .2 JULY 11, 1994 PAGE 3 TO JULY 15, 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 Citizens Bank of Virginia, Arlington, Virginia -- to establish a branch at 1550 Wilson Boulevard, Arlington, Virginia, upon relocation of its main office to 8150 Leesburg Pike, Vienna, Virginia. Approved, July 11, 1994. Richmond Citizens Bank of Virginia, Arlington, Virginia -- to establish a branch at 200-206 North Washington Street, Alexandria, Virginia. Approved, July 11, 1994. Richmond George Mason Bank, Fairfax, Virginia -- to establish a branch at 21036 Triple Seven Road, Sterling, Virginia. Approved, July 15, 1994. Richmond Highlands Union Bank, Abingdon, Virginia --to establish a branch at 164 Jonesborough Road, Abingdon, Virginia. Approved, July 15, 1994. Chicago Prairie Bank and Trust Company, Bridgeview, Illinois -- to establish a branch at the north east corner of Route 6 and 179th Street, Orland Park, Illinois. Approved, July 11, 1994. Secretary Union Colony Bank, Greeley, Colorado --to establish a branch at 14th Avenue and 5th Street. Approved, July 11, 1994. BANK HOLDING COMPANIES Dallas Bowie Delaware Financial Corporation, Dover, Delaware, --to acquire First National Bank of Bowie, Bowie, Texas. Approved, July 13, 1994. Chicago Capital Commerce Bancorp, Inc., Milwaukee, Wisconsin -- to acquire Western Bancshares, Inc, and Milwaukee Western Bank. Approved, July 14, 1994. H.2 JULY 11, 1994 PAGE 4 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Director, BS&R First Commerce Corporation, New Orleans, Louisiana, and First National Bank of Commerce -- relief from commitment of FNBC in connection with an exemption from the quantitative and collateral restrictions of section 23A of the Federal Reserve Act. Granted, July 13, 1994. New York First Empire State Corporation, Buffalo, New York -to acquire Ithaca Bancorp, Inc., Ithaca; and for Manufacturers and Traders Trust Company, Buffalo, to merge with the successor to Citizens Savings Bank, F.S.B., Ithaca, and to establish branches; and in the alternative for First Empire to acquire shares of Ithaca Bancorp. Returned, July 11, 1994. St. Louis First National Security Company, DeQueen, Arkansas -proposal that Bank of Ashdown, N.A., Ashdown, Arkansas, acquire the assets and assume the liabilities of the Ashdown branch of United Federal Savings Bank, Springdale, Arkansas. Approved, July 14, 1994. Chicago Firstbank of Illinois Co., Springfield, Illinois -to engage de novo in trust company activities through FFG Trust Inc. Permitted, July 12, 1994. Director, BS&R Heartland Financial USA, Inc., Dubuque, Iowa -transfer agent registration. Approved, July 11, 1994. Dallas Henderson Citizens Bancshares, Inc., Henderson, Texas -- proposal that Citizens National Bank of Henderson acquire the Jefferson, Texas, branch of Pacific Southwest Bank, FSB, Corpus Christi, Texas. Approved, July 13, 1994. Dallas Henderson Citizens Delaware Bancshares, Inc., Dover, Delaware -- proposal that Citizens National Bank of Henderson, Henderson, Texas, acquire the Jefferson, Texas, branch of Pacific Southwest Bank, FSB, Corpus Christi, Texas. Approved, July 13, 1994. H.2 JULY 11, 1994 PAGE 5 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Horizon Bancorp, Michigan City, Indiana -- to engage de novo in lending activities. Permitted, July 15, 1994. Chicago Horizon Bancorp Employees Stock Ownership Plan, Michigan City, Indiana, to acquire Horizon Bancorp, and First Citizens Bank, N.A. Approved, July 15, 1994. Cleveland Mellon Bank Corporation, Pittsburgh, Pennsylvania -to acquire Glendale Bancorporation, Vorhees Township, New Jersey. Approved, July 12, 1994. St. Louis National Commerce Bancorporation, Memphis, Tennessee proposal to convert NBC Knoxville Bank into NBC Bank, FSB, Knoxville, Tennessee. Approved, July 12, 1994. Cleveland Peoples Bancorporation of Northern Kentucky, Inc., Crestview Hills, Kentucky --to acquire Peoples Bank of Northern Kentucky. Approved, July 15, 1994. Boston Shawmut National Corporation, Hartford, Connecticut - to acquire Shawmut Bank, FSB, Boca Raton, Florida. Approved, July 15, 1994. Dallas Texas Bancshares, Inc., San Antonio, Texas -- to acquire New First National Bank of South Texas. Approved, July 11, 1994. Dallas Texas Bancshares Subsidiary Corporation, Wilmington, Delaware - - t o acquire New First National Bank of South Texas, San Antonio, Texas. Approved, July 11, 1994. Secretary West One Bancorp, Boise, Idaho -- determination that formal application is not required by West One to merge with National Security Bank Holding Company, Newport, Oregon. Approved, July 12, 1994. H.2 JULY 11, 1994 PAGE 6 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Kansas City OMNIBANK Southeast, Denver, Colorado --to merge with OMNIBANK Arvada, Arvada, and OMNIBANK University Hills, Denver, Colorado, and to establish additional branches. Approved, July 11, 1994. BANK PREMISES Kansas City OMNIBANK Southeast, Denver, Colorado -- investment in bank premises. Approved, July 11, 1994. CHANGE IN BANK CONTROL Cleveland First Citizens Banc Corp., Sandusky, Ohio -- change in bank control. Returned, July 12, 1994. Chicago North Bank Corporation, Hale, Michigan -- change in bank control. Returned, July 12, 1994. Kansas City Northwest Missouri Bancshares, Inc., Craig, Missouri -- change in bank control. Permitted, July 11, 1994. Dallas Provident Bancorp of Texas, Inc., Dallas, Texas -change in bank control. Permitted, July 11, 1994. Dallas ROSB Bancorp, Inc., Red Oak, Texas -- change in bank control. Permitted, July 15, 1994. COMPETITIVE FACTORS REPORTS Chicago Advantage Bank, FSB, Kenosha, Wisconsin, proposed merger with Amity Federal Bank for Savings, Tinley Park, Illinois -- report on competitive factors. Submitted, July 12, 1994. Atlanta AmSouth Bank of Florida, Pensacola, Florida, proposed acquisition of assets and assumption of liabilities of The Bank of Tampa, Tampa, Florida -- report on competitive factors. Submitted, July 15, 1994. H.2 JULY 11, 1994 PAGE 7 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Associated Bank, National Association, Neenah, Wisconsin, proposed purchase of assets and assumption of the liabilities of the two Oshkosh branches of M&I Western State Bank, Oshkosh, Wisconsin -- report on competitive factors. Submitted, July 14, 1994. St. Louis Bank of Sardis, Sardis, Mississippi, proposed merger with First Security Acquisition Bank, Batesville, Mississippi -- report on competitive factors. Submitted, July 12, 1994. Atlanta Bank of Troup County, LaGrange, Georgia, proposed merger with Troup Interim Corporation -- report on competitive factors. Submitted, July 12, 1994. San Francisco California proposed Anaheim, factors. Submitted, State Bank, West Covina, California, merger with Bank of Anaheim, N.A., California -- report on competitive July 14, 1994. Dallas Citizens National Bank of Milam County, Cameron, Texas, proposed purchase of the assets and assumption of the liabilities of the Cameron, Texas, branch at 112 West 2nd Street of Pacific Southwest Bank, F.S.B., Corpus Christi, Texas -report on competitive factors. Submitted, July 15, 1994. San Francisco Codding Bank, Rohnert Park, California, proposed merger with National Bank of The Redwoods, Santa Rosa, California -- report on competitive factors. Submitted, July 15, 1994. Chicago F & M Bank, Northeast, Oconto, Wisconsin, proposed purchase of the assets and assumption of the liabilities of the Green Bay branch of F & MKaukauna, Kaukauna, Wisconsin -- report on competitive factors. Submitted, July 14, 1994. H.2 JULY 11, 1994 PAGE 8 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond First Exchange Bank, Mannington, West Virginia, proposed merger with Heritage Interim Bank Corporation -- report on competitive factors. Submitted, July 11, 1994. Dallas First National Bank of Allen, Allen, Texas, proposed merger with American National Bank of Terrell, Terrell, Texas -- report on competitive factors. Submitted, July 12, 1994. Atlanta First National Bank of Effingham, Springfield, Georgia, proposed merger with Interim National Bank of Effingham -- report on competitive factors. Submitted, July 12, 1994. Cleveland First National Bank of Pennsylvania, Greenville, Pennsylvania, proposed purchase of certain assets and assumption of certain liabilities of the Shenango Valley Mall branch, Hermitage, Pennsylvania, of Dollar Savings Association, New Castle, Pennsylvania -- report on competitive factors. Submitted, July 12, 1994. St. Louis First Security Bank, Batesville, Mississippi, proposed merger with Bank of Sardis, Sardis, Mississippi -- report on competitive factors. Submitted, July 12, 1994. San Francisco Great Western Bank, A Federal Savings Bank, Chatsworth, California, proposed purchase of certain assets and assumption of certain liabilities of six branches of Citibank, Federal Savings Bank, San Francisco, California -- report on competitive factors. Submitted, July 14, 1994. San Francisco Home Savings of America, FSB, Irwindale, California, proposed purchase of certain assets and assumption of certain liabilities of five branches of Hawthorne Savings and Loan Association, Hawthorne, California -- report on competitive factors. Submitted, July 14, 1994. H .2 JULY 11, 1994 PAGE 9 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Laddonia State Bank, Mexico, Missouri, proposed merger with The First National Bank of Mexico -report on competitive factors. Submitted, July 13, 1994. Richmond Mercantile-Safe Deposit & Trust Company, Baltimore, Maryland, proposed assumption of the liability to pay deposits in the Cowenton Federal Savings & Loan Association, White Marsh, Maryland -- report on competitive factors. Submitted, July 12, 1994. Atlanta United Citizens Bank of Alachua County, Alachua, Florida, proposed merger with Alachua Interim Corporation -- report on competitive factors. Submitted, July 12, 1994. EXTENSIONS OF TIME St. Louis CNB Bancshares, Inc., Evansville, Indiana -extension to October 16, 1994, for First Federal Savings Bank of Kentucky, Madisonville, Kentucky, to acquire assets and assume liabilities of CNB Bank of Kentucky, Shively, Kentucky. Granted, July 15, 1994. St. Louis Community Corporation, Cannelton, Indiana -extension to October 24, 1994, to acquire the successor by merger to First National Bank of Perry County, Indiana. Granted, July 15, 1994. Atlanta Kislak Financial Corporation, Miami Lakes, Florida extension to October 14, 1994, to acquire Kislak Rational Bank, North Miami, Florida. Grantedr July 13, 1994. H.2 JULY 11, 1994 PAGE 10 TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of New York - - t o lease disk equipment to support on-line storage at head office and East Rutherford. Approved, July 13, 1994. H.2 JULY 11, 1994 PAGE 11 ADDITIONS AND CORRECTIONS TO JULY 15, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC New York Chemical Bank, New York, New York -- to establish branch at the New York Hilton and Towers, 1335 Avenue of the Americas. Approved, July 7, 1994. a BANK HOLDING COMPANIES Boston Royal Bank of Scotland Group pic, Edinburgh, United Kingdom, the Royal Bank of Scotland pic; Citizens CU.K.) Limited; Citizens Financial Group, Inc., Providence, Rhode Island, and Citizens Corporation -- to acquire certain assets and assume certain liabilities of Old Stone Federal Savings Bank. Approved, July 8, 1994. COMPETITIVE FACTORS REPORTS Atlanta Allied Bank of Georgia, Thomson, Georgia, proposed acquisition of assets and assumption of liabilities of First Savings Bank, FSB -- report on competitive factors. Submitted, June 24, 1994. Atlanta Horizon Bank of Florida, Pensacola, Florida, proposed merger with Interim Horizon Bank of Florida -report on competitive factors. Submitted, June 28, 1994. Chicago M&I Mid-State Bank, National Association, Stevens Point, Wisconsin, proposed merger with Valley Bank Western, F.S.B., Sparta, Wisconsin -- report on competitive factors. Submitted, July 8, 1994. Atlanta NBD Bank, Federal Savings Bank, Venice, Florida, proposed merger with NBD Trust Company of Florida, N.A., North Palm Beach, Florida -- report on competitive factors. Submitted, July 1, 1994. FEDERAL RESERVE BANK OF BOSTON A P P L IC A T IO N S SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet Financial Group, Inc., Providence, Rhode Island, BayBanks, Inc., Boston, Massachusetts, Shawmut National Corporation, Hartford, Connecticut, Bank of Boston Corporation, Boston, Massachusetts and 6 Second District bank holding companies and 1 Third District bank holding company - 4 ( c ) (8) application to engage in data processing and data transmission services through the joint ownership of Infinet Payment Services, Inc., the entity which would result from the proposed merger of the NYCE and Yankee 24 ATM networks Federal Register Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE *Subject to CRA. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Ratine;** NONE **Rating Definitions: "O" - Outstanding; "S" - Satisfactory - Needs to Improve; "SN" - Substantial Noncompliance. Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ Chemical Bank, New York, New York to establish an off-site electronic facility at 2 Huntington Quad, Melville, New York.1 / 7/29/94 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Emigrant Bancorp, New York, New York, to become a bank holding company by acquiring 100 percent of the outstanding voting shares of Emigrant Savings Bank, New York, New York.1 / 8/15/94 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only), None. SECTION IV Applications Not Involving ______ Public Comment______ None . SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and 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 July 16, NAME OF BANK RATING 1994 EXAMINATION DATE |UJ Ito |(—1 None. / / / 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 Meridian Bank, Reading, Pennsylvania requests approval to establish remote service facilities in the Genuardi Supermarkets at the following locations: 1) New Britain Village Square, 4275 County Line Road, Chalfont, Pennsylvania, 2) Mercer Square, 73 Old Dublin Pike, Doylestown, Pennsylvania, 3) Village at Newtown Shopping Center, 8890 South Eagle Road, Newtown, Pennsylvania, and 4) 475 Glen Eagle Square, Glen Mills, Pennsylvania, pursuant to Section 9 of the Federal Reserve Act, Expedited branch procedures. Newspaper comment period expires: 8/1/94 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE First Bank of Philadelphia, Philadelphia, PA requests approval of Notice submitted jointly by three individuals: Hal Jonathan Shaffer, Jerome S. Goodman and Carl Anderson Lingle, pursuant to the Change in Bank Control Act. Newspaper comment period expires: Federal Regist. comment period expires: N. Avail 7/26/94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Johnstown Bank and Trust Company, Johnstown, Pennsylvania requests approval to establish a remote service facility at the Heights Plaza, Natrona Heights, Harrison Township, Allegheny County, Pennsylvania, pursuant to Section 9 of the Federal Reserve Act. Expedited branch procedures. Fed. Regist. comment period expires: 8/08/94 First Fidelity Bancorporation, Newark, New Jersey to engage in data processing activities as a result of its pending acquisition of 8.021% of the Class B Common Stock of InfiNet Payment Services, Hackensack, New Jersey, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(7) of Regulation Y. Federal Regist. comment period expires: N. Avail 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 July 15. 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 Rating Farmers Trust Bank 817 Cumberland Street Lebanon, PA., 17042 3/21/94 Satisfactory Premier Bank 379 North Main Street Doylestown, PA., 18901 3/21/94 Satisfactory APPLICATIONS BULLETIN (For the week ending July 16, 1994) SECTION I ■ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received prior notice from Integra B ank/Pittsburgh, Pittsburgh, Pennsylvania, of its intent to establish a CBCT facility at Spring Garden Shop N ’Save, 1930 Spring Garden Avenue, Pittsburgh, Pennsylvania. *July 29, 1994 Received prior notice from Integra B ank/N orth, Titusville, Pennsylvania, of its intent to establish a CBCT facility at Grove C ity Factory O utlet, Interstate 79 & Route 208, Springfield Tow nship, Pennsylvania. *July 29, 1994 Received prior notice from Integra Bank/South, U niontow n, Pennsylvania, of its intent to establish a CBCT facility at Sheetz Convenience Store, R oute 119 & 962, Connelsville, Pennsylvania. *July 29, 1994 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(3) application from U nited Bancorp of Kentucky, Inc., Lexington, Kentucky, on July 14, 1994, to acquire 78 percent of the outstanding shares of American Fidelity Bank & Trust Co., C orbin, Kentucky. *F: August 15, 1994 Received Section 3(a)(5) applicatin from BNnc O ne C orporation, Columbus, O hio, and Banc O ne Illinois C orporation, Springfield, Illinois, on July 12, 1994, to acquire American Holding Co., Glencoe, Illinois. *N: August 10, 1994 * - Subject to CRA N - N ewspaper Com m ent Period F - Federal Register Com m ent Period # - Expected to end approximately 30 days from date of application’s receipt ## - Expected to end approximatley 18 days from date of application’s receipt A PP L IC A T IO N S BU LLETIN (F o r th e week en d in g Ju ly 16, 1994) S E C T IO N III - A PP L IC A T IO N S SUBJECT T O FED ERA L R EG ISTER N O T IC E O N LY Received Section 4(c)(8) applications from Banc One, C orporation, Columbus, Ohio; KeyCorp, Cleveland, Ohio; N ational C ity C orporation, Cleveland, Ohio; P N C Bank C orp., Pittsburgh, Pennsylvania; and Mellon Bank C orporation, Pittsburgh, Pennsylvania, on June 23, 1994, of their intent to acquire equal 16.67 percent share interests in Electronic Paym ent Services, Inc., W ilmington, Delaware. N o t Yet K now n SE C T IO N IV - A PP L IC A T IO N S N O T SUBJECT T O FED ER A L R EG ISTER N O T IC E O R N EW SPA PER N O T IC E NONE* * - Subject to CRA N - Newspaper C om m ent Period F - Federal Register C om m ent Period # - Expected to end approximately 30 days from date of application’s receipt ## - Expected to end approximatley 18 days from date of application’s receipt AVAILABILITY O F C R A PU B LIC EV A LU A TIO N S (July 15, 1994) The following state member banks have been examined by the Federal Reserve Bank of Cleveland for compliance w ith The C om m unity Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended July 15, 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: O U T ST A N D IN G : 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 com m unity, including low- and moderate-income neighborhoods, in a manner consistent w ith 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 com m unity, including low- and moderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. N EED S T O 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 com m unity, including low- and moderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. SUBSTANTIAL N O N C O M PLIA N C E: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated com m unity, including low- and moderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Sequoia Bancshares, Inc., Bethesda, Maryland, to have its subsidiaries, Sequoia National Bank, MD, Bethesda, Maryland, and Sequoia National Bank, D. C., Washington, D. C., merge (after Sequoia National Bank, D. C., moves its main office to Bethesda, Maryland).* 8-14-94 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 Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice None. ^Application is subject to CPA requirements. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending July 15, 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 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. Benchmark Community Bank 100 South Broad Street Kenbridge, Virginia 23944 The Marathon Bank P. 0. Box 998 Stephens City, Virginia 22655-0998 Examination Date Rating 4-25-94 Satisfactory 5-2-94 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending July 15. 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date SouthTrust Bank of West Florida 08-12-94* St. Petersburg, Florida To establish a branch located at 612 South Dale Mabry Highway, Tampa, Florida, to be known as the South Tampa Branch Office. Merchants Bank 08-07-94* Vicksburg, Mississippi To merge with Merchants Bank, N. A., Vicksburg, Mississippi, pursuant to Section 18(c) of the Federal Deposit Insurance Act. The Bank of Nashville Nashville, Tennessee To establish an Automated Teller Broadway, Nashville, Tennessee. 08-10-94* Machine located at 200-206 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Merchants Capital Corporation Not yet available* Vicksburg, Mississippi To acquire Merchants Bank, Vicksburg, Mississippi, pursuant Section 3(a)(3) of the Bank Holding Company Act. to Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date None. *Subject to provisions of the Community Reinves;..mon, ~ Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending July 15. 1994 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application VB&T Bancshares Corporation Valdosta, Georgia Commitment waiver request. Farmers & Merchants Bank Forest, Mississippi To become a member of the Federal Reserve System by charter conversion, pursuant to Section 9 of the Fedeal Reserve Act and Section 208.4 of Regulation H. First Central Bancshares, Inc. Lenoir City, Tennessee Commitment waiver request.* *Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending July 15, 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: 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 lowand 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 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 Bank Rating Date The Brand Banking Company Satisfactory Post Office Box 1110 Lawrenceville, Georgia 30246 (404)963-9225 03-28-94 Bank of York Post Office Box 96 York, Alabama 36925 (205)392-5205 Needs to Improve 04-04-94 Satisfactory 04-28-94 Central Bank Post Office Box 521599 Miami, Florida 33152 (305)592-6641 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application EFT Comerica Bank Detroit, Michigan 2600 Evergreen Road Southfield Civic Center Southfield, Michigan N - 7-28-94 Merger/Branch Old Kent Bank Elmhurst, Illinois Edgemark Bank-Lombard Lombard, Illinois Merchandise National Bank Chicago, Illinois Edgemark Rank -Roser/.ont Rosemont, Illinois Edgewood Bank Countryside, Illinois N - 7-17-94 Branch Unionbank Sandwich, Illinois 15 West South Street Plano, Illinois N - ** Branch Grayling State Bank Grayling, Michigan S. E. Corner at Main Street and Central Avenue Gaylord, Michigan N - ** (M-32) Oakar Shoreline Bank Benton Harbor, Michigan South Haven Branch of Great Lakes Bancorp South Haven, Michigan N - ** EFT Community State Bank Avilla, Indiana 4134 West County Road 100 South Wolf Lake, Indiana N - 7-31-94 Branch Liberty Bank Milwaukee, Wisconsin Southeast corner of North Port Washington Road & Green Tree Road Glendale, Wisconsin N ** Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Comment Period Ending Date Ty.ee Application Merger/Branch Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank-Holland Holland, Michigan & to establish branches N - ** Merger/Branch Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank-Central Owosso, Michigan Old Kent Bank-East Brighton, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank-Grand Traverse Traverse City, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank-Southeast Trenton, Michigan Old Kent Bank-Southwest Kalamazoo, Michigan & to establish branches N - ** Branch Comerica Bank Detroit, Michigan 1965 Baldwin Jenison, Michigan 2900 Burlingame, S.W. Wyoming, Mi chigan 3960 44th Street, S.W. Grandville, Michigan 515 10 Mile Road, N.E. Rockford, Michigan N - 8-8-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Type Application Y-2 F & M Bancorporation, Inc. Kaukauna, Wisconsin Union State Bank Wautoma, Wisconsin* Comment Period Ending Date FR - 8-12-94 NP . ** Y-2 Greatbanc, Inc. Aurora, Illinois Greatbank Algonquin, Illinois* FR - 8-18-94 NP - ** CoC Dysart Bancshares, Inc. Dysart, Iowa Michael D. Griffin and Debra K. Kever a? execute-- of Gordo** H. "-iffin Erf-v. e FR NP Y-2 First of America Bank Corporation FR - 7-25-94 Kalamazoo, Michigan NP - 7-1-94 First Park Ridge Corporation Chicago, Illinois Bank of Buffalo Grove Buffalo Grove, Illinois First State Bank and Trust Company of Park Ridge Park Ridge, Illinois* Y-l First of America Acquisition Company FR - 7-25-94 Park Ridge, Illinois NP - 7-1-94 First Park Ridge Corporation Chicago, Illinois Bank of Buffalo Grove Buffalo Grove, Illinois First State Bank and Trust Company of Park Ridge Park Ridge, Illinois* Y-l Bay Bancorporation Green Bay, Wisconsin Bay Bank (in organization) Green Bay, Wisconsin* FR - 7-25-94 N - 7-18-94 Y-2 First Citizens of Paris, Inc. Paris, Illinois Oakland National Bank Oakland, Illinois* FR - 7-21-94 N - 8-08-94 CoC Worthington Bancorporation Worthington, Iowa Joseph Daly, Nancy Dunkel, Donald Kout, Donald Schrage & Wilma Bunn FR - ** N - ** 7-13-94 ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date S ye e Application Y-l Village Investment Company Libertyville, Iowa Libertyville Savings Bank Libertyville, Iowa* FR - 8-18-94 N - 8-15-94 Y-l First Ozaukee Capital Corp. Cedarburg, Wisconsin First Ozaukee Savings Bank Cedarburg, Wisconsin* FR - 7-25-94 N - 8-13-94 Y-2 Panhandle Aviation, Inc. Clarinda, Iowa Eank of Altoona (in organization) Altoona, Iowa* FR - 8-6-94 N - 7-16-94 Y-l H S B, Inc. Hedrick, Iowa Hedrick Savings Bank Hedrick, Iowa* FR - 8-1-94 N - 8-1-94 CoC-HC North Linn Corporation Coggon, Iowa by Rufus Sisler FR - ** N - ** CoC-HC North Salem State Bancorporation North Salem, Indiana Robert G. Porter, William R. Jones and Elizabeth J. Jones FR - ** N - 7-15-94 CoC-HC North Bank Corporation Hale, Michigan North Bank Employee Stock Ownership Plan & Trust Hale, Michigan FR - 8-3-94 N - ** Y-l Philipps Investment Company Limited Partnership Spring Hill, Florida Gratiot Bancshares, Inc. Gratiot, Wisconsin Gratiot State Bank Gratiot, Wisconsin* CoC Community Illinois Corporation Rock Falls, Illinois by Louis F. Pignatelli FR - 8-6-94 N _ ** FR - 5-25-94 NP - 5-9-94 S e c t io n II - A p p l i c a t i o n s S u b j e c t t o B o .tL h _ N e w s p a p e r. a n d F e d e r a l R e g is t e r N o t ic e ( C o n t in u e d ) Comment Period Ending Date Type Application Y- 2 Country Bank Shares Corporation Mount Horeb, Wisconsin Belleville Bancshares Corporation Belleville, Wisconsin & Belleville State Bank Belleville, Wisconsin* FR - ** NP - 8-17-94 Y-2 Ames National Corporation Ames, Iowa Randall-Story Bancshares, Inc. & Randall-Story State Bank Story City, Iowa* FR - ** NP - 8-12-94 Y-2 First National Bancorp, Inc. Joliet, Illinois Plano Bancshares, Inc. Plano, Illinois Community Bank of Plano Plano, Illinois* FR - 8-6-94 Y-2 Peotone Bancorp, Inc. Peotone, Illinois Minooka Bancorp, Inc. Minooka, Illinois Founders Bancorp, Inc. Scottsdale, Arizona Westbanco, Inc. Westville, Illinois* Y-2 Southwest Bancorp, Inc. Worth, Illinois Minooka Bancorp, Inc. Minooka, Illinois Founders Bancorp, Inc. Scottsdale, Arizona Westbanco, Inc. Westville, Illinois* FR - 8-6-94 N - ** FR - 8-6-94 N . ** F e d e r a l R e s e r v e B ank o f C h ic a g o Section III - Applications Subject to Federal Register Notice Only Type Application Y-4 Amcore Financial Inc. Rockford, Illinois Professional American Collections, North Aurora, Illinois Comment Period Ending Date FR - 8-9-94 Inc. Y-4 Amcore Financial Inc. Rockford, Illinois A/R Management, Ltd. Oconomowoc, Wisconsin FR - 8-9-94 4 (c)(8) MBT Bancorp West Harrison, Indiana Whitewater Agency, Inc. West Harrison, Indiana FR - 8-15-94 4 (c)(8) Old Kent Financial Corporation Grand Rapids, Michigan Capital Fund for Housing Limited Partnership I Lansing, Michigan FR - 8-8-94 Y-4 Johnson International, Inc. Racine, Wisconsin Seaboard Savings Bank, F.S.B. Stuart, Florida FR - 8-12-94 NP - 8-11-94 Y-4 Republic Bancorp, Inc. Owosso, Michigan Home Funding, Inc. Hopewell Junction, New York FR - ** 4(c) (8) Kerndt Bank Services, Inc. Lansing, Iowa Engage de novo in securities brokerage activities FR - 7-18-94 4 (c)(8) How-Win Development Company Cresco, Iowa Engage in making and Servicing of loans FR - 7-21-94 Y-4 Castle BancGroup, Inc. DeKalb, Illinois Northern Illinois Finance Company Sandwich, Illinois FR - 7-25-94 4(c) (8) Security National Corporation Sioux Center, Iowa Engage de novo in lending activities FR - 7-27-94 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Type Application 4(c)(8) First Ozaukee Capital Corp. Cedarburg, Wisconsin Engage in making, acquiring or servicing loans FR - 7-25-94 Y-4 First of America Bank Corporation Kalamazoo, Michigan First of America Securities, Inc. Kalamazoo, Michigan--acting as riskless principal for and privately placing all types of securities, underwriting and deal:.; FR - 8-3-94 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspappr Notice Type Application RoS State Center Financial, Inc. State Center, Iowa to redeem 19,300 shares of its common stock from Susan & James Jorgensen RoS Worthington Bancorporation Worthington, Iowa to redeem 6,875 shares of its common stock RoS Community Illinois Corporation Rock Falls, Illinois to redeem 7.5% of its outstanding shares RoS First Waukegan Corporation Glenview, Illinois to purchase and redeem up to 313,794 shares (49.7%) of its issued & outstanding common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis FOR THE WEEK ENDING July 15, 1994 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period "^Section 3(a)(3) application by Magna Group, Inc., St. Louis, Missouri, to acquire Goreville Bancorporation, Inc., Goreville, Illinois. Newspaper: 8-7-94 ^Section 3(a)(3) application by Boatmen's Bancshares, Inc., St. Louis, Missouri, to acquire Dalhart Bancshares, Inc., Dalhart, Texas. Newspaper: 8-8-94 ^Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire Commercial Bancorp., Inc., Obion, Tennessee. Newspaper: 8-14-94 ^Section 3(a)(1) application by Jefferson Bancshares, Inc., Pine Bluff, Arkansas, to acquire Pine Bluff National Bank, Pine Bluff, Arkansas. Newspaper: 8-12-94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None. This application is subject to CRA. 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 low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs An institution in this group has a satisfactory record of 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. 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 of 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 The First State Bank of Mounds July 15, 1994 Bank Address P. 0. Box 400 Mounds, Illinois Examination Date 4-11-94 62964 Examination Rating Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS 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 Application Comment Period Ending Date Menomonie Shares, Inc. Menomonie, WI To acquire 81.64% of the voting shares of Menomonie Financial Services, Inc., Menomonie, WI* August 12, 1994 (Federal Register) Talco, Inc. Menomonie, WI To acquire 57.94% of the voting shares of Menomonie Shares, Inc., Menomonie, WI* August 12, 1994 (Federal Register) Clarence Talen Charitable Trust Menomonie, WI To acquire 20.55% of the voting shares of Menomonie Shares, Inc., Menomonie, WI* August 12, 1994 (Federal Register) Geoffrey J. Gempeler to acquire 30.53% of the voting shares of Chisago Bancorporation, Inc., Chisago City, MN* Not yet available Guaranty Development Company, Livingston, MT, to acquire 100% of the voting shares of the American Bank Whitefish, Whitefish, MT, a de novo bank* Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Norwest Corporation Minneapolis, MN; Norwest Financial, Inc. Des Moines, IA and Norwest Financial Services, Inc., Des Moines, IA To expand de novo by opening Norwest Financial offices in Guam August 2, 1994 Menomonie Shares, Inc. Menomonie, WI To engage in data processing and management consulting through the indirect acquisition of Electronic Strategies, Inc., Menomonie, WI August 12, 1994 Talco, Inc. Menomonie, WI To engage in data processing and management consulting through the indirect acquisition of Electronic Strategies, Inc., Menomonie, WI August 12, 1994 Clarence Talen Charitable Trust Menomonie, WI To engage in data processing and management consulting through the indirect acquisition of Electronic Strategies, Inc., Menomonie, WI August 12, 1994 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper NotL Application Chisago Bancorporation, Inc., Chisago City, MN, to redeem 5.4% of its voting shares FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending July 15, 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 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 NONE. DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE SOLO, Colorado Springs, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Cheyenne Mountain Bank, Colorado Springs, Colorado.* Not Available Community Bancorporation of New Mexico, Inc., Santa Fe, New Mexico, to become a bank holding company through the acquisition of 100 percent of the voting shares of El Pueblo State Bank, Espanola, New Mexico.* July 29, 1994 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE No n e . SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION No n e . 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 Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand 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 lowand 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. CRA Rating Bank/Locat ion Exam Date CRA Public Date First United Bank P.0. Box 129 Neligh, Nebraska 68756 04-04-94 07-11-94 Satisfactory Farmers State Bank & Trust P.O. Box 737 Lexington, Nebraska 68850 04-04-94 07-11-94 Outstanding Farmers State Bank & Trust P.O. Box 229 Aurora, Nebraska 68818-0229 04-04-94 07-11-94 Outstanding Bank of Papillion P.O. Box 28967 Papillion, Nebraska 04-04-94 07-11-94 Satisfactory 07-13-94 Satisfactory 68128-0967 Crete State Bank P.O. Box 66 Crete, Nebraska 68333-0066 04-11-94 Federal Reserve Bank of Kansas City 04-11-94 07-13-94 Satisfactory Schuyler State Bank 04-11-94 P.O. Box 427 Schuyler, Nebraska 68661-0427 07-14-94 Satisfactory Gretna State Bank P.O. Box 519 Gretna, Nebraska 68028-0519 04-11-94 07-14-94 Outstanding Sundance State Bank 04-11-94 P.O. Box 950 Sundance, Wyoming 82729-0950 07-14-94 Satisfactory State Bank P.O. Box 187 Palmer, Nebraska 68864-0187 ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 11, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Fredrick Erck and Ann Erck, San Antonio, TX, to acquire an interest in Texas Bancshares, Inc., San Antonio, TX (Previously reported during the week of 6-13-94) Change in Control Notice by George Gregory Griffin and Margaret Theo Griffin Family Living Trust, Fort Stockton, TX, and as Trustees, to acquire an interest in Pecos County Bancshares, Inc., Fort Stockton, TX (Previously reported during the week of 5-9-94) ♦Section 3(a)(1) application by Citizens State Bank Employee Stock Ownership Plan, Buffalo, TX, to acquire Citizens State Bank, Buffalo, TX (Previously reported during the week of 6-6-94) ♦Section 3(a)(1) application by Plains State Financial Corporation, Plains, TX, to acquire Plains Bancshares, Inc., Dover, DE, and Plains State Bank, Plains, TX (Previously reported during the week of 6-13-94) ** NOTICE EXP 94/07/13 94/07/06 94/07/10 94/07/08 ♦Section 3(a)(1) application by Plains Bancshares, Inc., Dover, DE, to acquire Plains State Bank, Plains, TX (Previously reported during the week of 6-13-94) 94/07/08 ♦Section 3(a)(1) application by Lindale Delaware Corporation, Dover, DE, to acquire Lindale State Bank, Lindale, TX (Previously reported during the week of 6-6-94) 94/07/06 ♦Section 3(a)(3) application by Longview Financial Corporation, Longview, TX, to acquire First State Bank, Van, TX (Previously reported during the week of 6-6-94) ♦Section 3(a)(3) application by Longview Delaware Corporation, Dover, DE, to acquire First State Bank, Van, TX (Previously reported during the week of 6-6-94) ♦Section 3(a)(3) application by Overton Financial Corporation, Overton, TX, to acquire Longview Delaware Corporation, Dover, DE; Lindale Delaware Corporation, Dover, DE; Longview Financial Corporation, Longview, TX; Longview Bank & Trust Company, Longview, TX; and First State Bank, Van, TX (Previously reported during the week of 6-6-94) ♦Section 3(a)(3) application by Overton Delaware Corporation, Dover, DE, to acquire Longview Delaware Corporation, Dover, DE; Longview Financial Corporation, Longview, TX; Longview Bank & Trust Company, Longview, TX; and First State Bank, Van, TX (Previously reported during the week of 6-6-94) 94/07/06 94/07/06 94/07/06 94/07/06 ♦Section 3(a)(1) application by Texas State Bancshares, Inc., Harker Heights, TX, to acquire Heights Delaware Financial Corporation, Dover, DE, and Heights State Bank, Harker Heights, TX 94/08/10 ♦Section 3(a)(1) application by Heights Delaware Financial Corporation, Dover, DE, to acquire Heights State Bank, Harker Heights, TX 94/08/10 ♦Section 3(a)(3) application by Herring Bancorp, Inc., Vernon, TX, to acquire First Bank & Trust of Clarendon, Clarendon, TX N/A ♦Section 3(a)(3) application by Herring Bancshares, Inc., Wilmington, DE, to acquire First Bank & Trust of Clarendon, Clarendon, TX N/A ♦Section 3(a)(3) application by Central Bancshares, Inc., Houston, TX, to acquire Lee County National Bank, Giddings, TX N/A *Section 3(a)(5) application by Inwood Bancshares, Inc., Dallas, TX, to acquire Heritage Bankshares, Inc., Dallas, TX N/A ♦Section 3(a)(3) application by Freeman Bancstock Investments, Irving, TX, to acquire Heritage Bankshares, Inc., Dallas, TX, and Turtle Creek National Bank, Dallas, TX N/A ♦Section 3(a)(1) application by Heritage Texas Group, Inc. Employee Stock Ownership Plan, Pittsburg, TX, to acquire Heritage Texas Group, Inc., Pittsburg, TX, Heritage Delaware Corporation, Dover, DE, and Pittsburg National Bank, Pittsburg, TX N/A ♦Section 3(a)(1) application by Heritage Texas Group, Inc., Pittsburg, TX, to acquire Heritage Delaware Corporation, Dover, DE, and Pittsburg National Bank, Pittsburg, TX N/A ♦Section 3(a)(1) application by Heritage Delaware Corporation, Dover, DE, to acquire Pittsburg National Bank, Pittsburg, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF JULY 11. 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 First Bank & Trust Company P. 0. Box 158 Dawson, TX 76639 94/04/11 CRA Rating Satisfactory FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS APPROVED DURING THE WEEK OF JULY 11, 1994 APPLICATION DATE Section 5(d)(3) Oakar application by Henderson Citizens Bancshares, Inc., Henderson, TX (Citizens National Bank of Henderson, Henderson, TX) to acquire the Jefferson, Texas branch of Pacific Southwest Bank, FSB, Corpus Christi, TX (Branch is located at 302 E. Broadway, Jefferson, TX 75657) 94/07/13 Section 5(d)(3) Oakar application by Henderson Citizens Delaware Bancshares, Inc., Dover, DE (Citizens National Bank of Henderson, Henderson, TX) to acquire the Jefferson, Texas branch of Pacific Southwest Bank, FSB, Corpus Christi, TX (Branch is located at 302 E. Broadway, Jefferson, TX 75657) 94/07/13 Change in Control Notice by Bob G. Scott, as Voting Trustee, Fort Worth, TX, to acquire an interest in Provident Bancorp of Texas, Inc., Dallas, TX 94/07/11 Change in Control Notice by Howard Earl Rachofsky, Dallas, TX, to acquire an interest in ROSB Bancorp, Inc., Red Oak, TX 94/07/15 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/15/94 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Southwest State Bank, Pahrump, Nevada, to become a member of the Federal Reserve System. * Newspaper: Not available West One Bank, Idaho, Boise, Idaho, to establish an automatic teller machine at 1545 West Broadway, Idaho Falls, Idaho. * Newspaper: Not available West One Bank, Idaho, Boise, Idaho, to establish an automatic teller machine at the Western Idaho Fair, 5610 Glenwood Street, Boise, Idaho. * Newspaper: Not available Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Community Bancshares, Inc., Joseph, Oregon, to become a bank holding company by acquiring Bank of Wallowa County, Joseph, Oregon. * Newspaper: 8/06/94 Fed. Rea.: 8/15/94 Section III - Applications Subject to Federal Register Notice Only Banque Nationale de Paris, Paris, France, to engage through a newly formed subsidiary, BNP/Cooper Neff, Inc., Radnor, Pennsylvania, in permissible nonbanking activities following its acquisition of substantially all of the assets and certain of the liabilities of Mitsui T & B Options, Inc., New York, New York. Fed. Reg.: Not yet published Banque Nationale de Paris, Paris, France, to engage in permissible nonbanking activities through BNP Futures, Inc., upon the acquisition of 100 percent of the voting stock of Mitsui T & B Futures, Inc., New York, New York. Fed. Rea.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO fcont'd.) Week Ending 7/15/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending July 15, 1994. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None *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 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities
@FedFRASER