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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
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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
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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
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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

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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
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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
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PAGE 7

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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
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PAGE 8

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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

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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

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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.

Examination
Date
Benchmark Community Bank
100 South Broad Street
Kenbridge, Virginia 23944
The Marathon Bank
P. 0. Box 998
Stephens City, Virginia




22655-0998

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

Y-4

Amcore Financial Inc.
Rockford, Illinois
Professional American Collections,
North Aurora, Illinois

Comment Period
Ending Date

Application

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




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