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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1995, NO. 29
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending July 22, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Monetary policy objectives -- statement by Chairman
Greenspan before the House Committee on Banking and
Financial Services, July 19, 1995.
Authorized, July 17, 1995.
BANK HOLDING COMPANIES
First Commerce Corporation, New Orleans, Louisiana -request for reconsideration of the Boardvs approval
of the application to acquire Lakeside Bancshares,
Lake Charles, Louisiana, and Lakeside National Bank
of Lake Charles.
Denied, July 20, 1995.
Fleet Financial Group, Inc., Providence, Rhode Island
-- to hold public meetings in Boston,
Massachusetts; Hartford, Connecticut; and Albany,
New York, in connection within Fleet*s application
to acquire Shawmut National Corporation, Boston,
Massachusetts.
(For information, telephone 202452-2389). 1/
Announced, July 27, 1995.
Hong Kong and Shanghai Banking Corporation, Limited,
Hong Kong --t o establish a representative office
in Dallas, Texas.
Approved, July 19, 1995.
Liu Chong Hing Bank Limited, Hong Kong --to
establish a state-licensed branch in San Francisco,
California.
Approved, July 19, 1995.
BOARD OPERATIONS
Budget guidelines for 1996.
Approved, July 17, 1995.
ENFORCEMENT
First National Bancshares Corporation, Jackson,
Tennessee -- order of prohibition against Ernest
Vickers, III, a former officer and director, and
principal shareholder.
Announced, July 17, 1995.
1/

Announcement made on July 27, 1995.




H.2
JULY 17, 1995
PAGE 2

TO

JULY 21, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

ENFORCEMENT
Midland Bank of Kansas, Mission, Kansas; the Midland
Bank, Kansas City, Missouri; the College Boulevard
National Bank, Overland Park* Kansas; and the
Premier Bank, Lenexa, Kansas, a state member bank - combined order of prohibition and for other
affirmative relief; and stipulation and consent to
the issuance of the order against John "Bud"
Harlow, Jr., an appraiser, and institutionaffiliated party.
Announced, July 18, 1995.
United Bank Limited, Karachi, Pakistan, and its New
York Branch -- written agreement dated July 11,
1995, with the Federal Reserve Bank of New York,
and the Superintendent of Banks of the State of New
York.
Announced, July 17, 1995.
INTERNATIONAL OPERATIONS
Citibank, N.A., New York, New York -- to establish a
branch in Johannesburg, South Africa.
Permitted, July 21, 1995.

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

Bank of Ferrum, Ferrum, Virginia -- to establish a
branch on the north side of Virgil H. Goode
Highway, one-fourth mile south of State Route 697,
Rocky Mount, Virginia.
Approved, July 17, 1995.

Atlanta

Barnett Bank of Volusia County, Deland, Florida --to
establish a branch at Taylor Road and South
Williamson Boulevard, Port Orange, Florida.
Approved, July 17, 1995.

H .2
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PAGE 3

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK BRANCHES. DOMESTIC
Philadelphia

Dauphin Deposit Bank and Trust Company, Harrisburg,
Pennsylvania -- to establish a branch at 4206 Union
Deposit Road.
Approved, July 21, 1995.

Cleveland

Integra Bank, Pittsburgh, Pennsylvania --to
establish a customer-bank communication facility at
USX Tower, 600 Grant Street.
Approved, July 21, 1995.

Chicago

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin -to establish branches at 5656 South Packard Avenue,
Cudahy, Wisconsin, and 1001 Marquette Avenue, South
Milwaukee, Wisconsin.
Approved, July 21, 1995.

Dallas

Texas State Bank, McAllen, Texas -- to establish a
branch at 100 North Britten Avenue, Rio Grande
City, Texas.
Approved, July 19, 1995.

Dallas

Texas State Bank, McAllen, Texas -- to establish a
branch at 1004 East Highway 83, Roma, Texas.
Approved, July 19, 1995.

BANK HOLDING COMPANIES




Atlanta

Abess Properties, Ltd., Miami, Florida, and City
National Bancshares, Inc., Miami, Florida --to
acquire Turnberry Savings & Loan Association, North
Miami Beach, Florida.
Approved, July 20, 1995.

Dallas

Andrews Bancshares, Inc., Andrews, Texas -- to
acquire Andrews Delaware Financial Corp., Dover,
Delaware, and National Bank of Andrews, Andrews,
Texas.
Approved, July 21, 1995.

Dallas

Andrews Delaware Financial Corporation, Dover,
Delaware -- to acquire National Bank of Andrews,
Andrews, Texas.
Approved, July 21, 1995.

H.2
JULY 17, 1995
PAGE 4

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




San Francisco

Capital Corp of the West, Merced, California --to
acquire County Bank.
Returned, July 17, 1995.

Cleveland

Fifth Third Bancorp, Cincinnati, Ohio -- to acquire
Bank of Naples, Naples, Florida.
Approved, July 20, 1995.

Chicago

First Business Bancshares, Inc., Madison, Wisconsin - to engage de novo in commercial finance lending
and leasing activities through First Madison
Capital Corp.
Permitted, July 19, 1995.

Atlanta

First Liberty Financial Corp., Doraville, Georgia -waiver of application to acquire Tifton Banks,
Inc., Tifton, Georgia, and Tifton Bank & Trust
Company.
Approved, July 21, 1995.

Atlanta

First Sterling Bancshares, Inc., Auburndale,
Florida -- to merge with Commerce Bank Corporation,
Winter Park, Florida, and acquire Commerce Bank of
Central Florida.
Approved, July 21, 1995.

Chicago

Foursquare Cornerstone, Inc., Brookfield, Wisconsin - to acquire Cornerstone Bank.
Approved, July 20, 1995.

Secretary

GNB Bancorporation, Grundy Center, Iowa -- to engage
de novo in leasing activities through GNB Financial
Co.
Permitted, July 20, 1995.

Director, BS&R

Integra Financial Corporation, Pittsburgh,
Pennsylvania -- relief from commitment in order to
permit Altegra Credit Company to underwrite and
approve loans in its regional offices.
Granted, July 19, 1995.

Atlanta

Intervest Bancshares Corporation, New York, New
York -- to engage de novo in lending activities.
Permitted, July 17, 1995.

H .2
JULY 17, 1995
PAGE 5

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Libertyville Bancorp, Inc., Lake Forest, Illinois -to acquire Libertyville Bank & Trust Company,
Libertyville, Illinois.
Returned, July 18, 1995.

Chicago

Panhandle Aviation, Inc., Clarinda,Iowa -- relief
from certain commitments.
Returned, July 19, 1995.

Kansas City

Pony Express Bancorp, Inc., Elwood, Kansas -- to
acquire Farmers State Bank, Lucas, Kansas.
Approved, July 20, 1995.

Chicago

Security Financial, Inc., Farnhamville, Iowa -- to
acquire Security Savings Bank.
Approved, July 21, 1995.

Kansas City

Siouxland National Corporation, South Sioux City,
Nebraska -- to acquire Siouxland National Bank.
Approved, July 21, 1995.

Dallas

Southwestern Bancshares, Inc., Glen Rose, Texas -- to
acquire Southwestern Delaware Financial Corp.
,
Dover, Delaware, and First National Bank, Glen
Rose, Texas.
Approved, July 18, 1995.

Dallas

Southwestern Delaware Financial Corporation, Dover,
Delaware -- to acquire First National Bank, Glen
Rose, Texas.
Approved, July 18, 1995.

Richmond

Summit Financial Corporation, Greenville, South
Carolina -- to acquire the assets of the St.
George, South Carolina, office of Courtesy
Management Corporation, DBA Courtesy Finance.
Approved, July 19, 1995.

Minneapolis

Watford City Bancshares, Inc., Watford City, North
Dakota -- to acquire First International Bank 8
t
Trust, Scottsdale, Arizona.
Approved, July 19, 1995.

H.2
JULY 17, 1995
PAGE 6

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Chicago

Wisconsin Bank Services, Inc., Black River Falls,
Wisconsin --to engage de novo in lending
activities.
Permitted, July 21, 1995.

BANK MERGERS
Atlanta

Bank of Naples, Naples, Florida -- to merge with
Fifth Third Trust Co. & Savings Bank, F.S.B.
Approved, July 20, 1995.

Richmond

First Virginia Bank-Colonial, Richmond, Virginia -to purchase certain assets and assume the deposit
liabilities of the four Richmond, Virginia,
branches of Citizens Federal Bank, a Federal
Savings Bank, Miami, Florida, and to establish
branches.
Approved, July 20, 1995.

Chicago

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin -to merge with M&I South Shore Bank, South
Milwaukee, Wisconsin, and to establish branches.
Approved, July 21, 1995.

Dallas

Texas State Bank, McAllen, Texas --to acquire
through a purchase and assumption transaction
certain assets and assumption of certain
liabilities of the Rio Grande City, Texas, and the
Roma, Texas, branches of First National Bank of
South Texas, San Antonio, Texas.
Approved, July 19, 1995.

CAPITAL STOCK




Minneapolis

Wabeno Bancorporation, Inc., Venice, Florida
redemption of shares.
Approved, July 19, 1995.

H.2
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PAGE 7

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JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL
Philadelphia

Continental Bancorporation, Laurel Springs, New
Jersey -- change in bank control.
Permitted, July 20, 1995.

Chicago

Kent Bancshares, Inc., Kent, Illinois -- change in
bank control.
Returned, July 18, 1995.

Atlanta

Sequatchie Valley Bancshares, Inc., Dunlap, Tennessee
-- change in bank control.
Permitted, July 18, 1995.

Atlanta

VB&T Bancshares Corporation, Valdosta, Georgia -change in bank control.
Permitted, July 17, 1995.

Atlanta

Wathall Capital Group, Ltd., Tylertown, Mississippi - change in bank control.
Permitted, July 21, 1995.

COMPETITIVE FACTORS REPORTS




Atlanta

American Bank of Hollywood, Hollywood, Florida,
proposed merger with First National Bank of
Hollywood, and establishment of three branches -report on competitive factors.
Submitted, July 19, 1995.

Boston

Berkshire County Savings Bank, Pittsfield,
Massachusetts, proposed transfer of the majority of
its assets and all of its deposit liabilities to a
stock savings bank being formed incident to the
conversion of the bank to a mutual holding
company -- report on competitive factors.
Submitted, July 21, 1995.

H.2
JULY 17, 1995
PAGE 8

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Chicago

Brenton Bank and Trust Company of Cedar Rapids, Cedar
Rapids, Iowa, proposed merger with Brenton Bank and
Trust Company, Adel; Brenton Bank and Trust
Company, Clarion; Brenton State Bank, Dallas
Center; Brenton First National Bank, Davenport;
Brenton Bank, National Association, Des Moines;
Brenton Bank of Palo Alto County, Emmetsburg;
Brenton National Bank - Poweshiek County, Grinnell;
Warren County Brenton Bank & Trust, Indianola;
Brenton State Bank of Jefferson, Jefferson; Brenton
Bank, National Association Knoxville, Knoxville;
Brenton Bank and Trust Company, Marshalltown,
Marshalltown; and Brenton National Bank of Perry,
Perry, Iowa -- report on competitive factors.
Submitted, July 18, 1995.

San Francisco

CenFed Bank, Federal Savings Bank, Pasadena,
California, proposed exchange of deposit
liabilities and related assets with Coast Federal
Bank, Federal Savings Bank, Los Angeles, California
-- report on competitive factors.
Submitted, July 19, 1995.

Richmond

Citizens Bank, Murphy, North Carolina, proposed
acquisition of certain assets and assumption of the
liability to pay deposits of the Franklin and
Waynesville, North Carolina, branches of
NationsBank, National Association (Carolinas),
Charlotte, North Carolina -- report on competitive
factors.
Submitted, July 21, 1995.

Kansas City

Citizens State Bank, Moundridge, Kansas, proposed
merger with The Farmers State Bank 8 Trust Co.,
Canton, Kansas -- report on competitive factors.
Submitted, July 19, 1995.

H.2
JULY 17, 1995
PAGE 9

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Richmond

Community Bank and Trust Company, Rutherfordton,
North Carolina, proposed acquisition of certain
assets and assumption of the liability to pay
deposits of the Brevard and Black Mountain, North
Carolina, branches of NationsBank National
Association (Carolinas), Charlotte, North
Carolina -- report on competitive factors.
Submitted, July 21, 1995.

Richmond

Farmers & Merchants Bank and Trust, Hagerstown,
Maryland, proposed purchase of the assets and
assumption of the liabilities of the Hagerstown,
Maryland, branch of Atlantic Federal Bank,
Baltimore, Maryland -- report on competitive
factors.
Submitted, July 18, 1995.

Chicago

First American State Bank, Fort Dodge, Iowa, proposed
acquisition of the deposits of the Fort Dodge,
Iowa, branch of AmerUs Bank, Des Moines, Iowa
report on competitive factors.
Submitted, July 21, 1995.

Richmond

First Union National Bank of Virginia, Roanoke,
Virginia, proposed merger with Columbia First Bank,
a Federal Savings Bank, Arlington, Virginia -report on competitive factors.
Submitted, July 18, 1995.

Chicago

Firstar Bank Des Moines, National Association, Des
Moines, Iowa, proposed purchase of the assets and
assumption of the liabilities of Firstar Bank
Burlington, National Association, Burlington,
Iowa -- report on competitive factors.
Submitted, July 19, 1995.

H.2
JULY 17, 1995
PAGE 10

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Chicago

Firstar Bank Des Moines, National Association, Des
Moines, Iowa, proposed merger with Firstar Bank
Ames, Ames; Firstar Bank Cedar Falls, Cedar Falls;
Firstar Bank Cedar Rapids, National Association,
Cedar Rapids; Firstar Bank Council Bluffs, Council
Bluffs; Firstar Bank Mt . Pleasant, Mt. Pleasant;
Firstar Bank Ottumwa, Ottumwa; Firstar Bank Quad
Cities, National Association, Davenport, and
Firstar Bank Sioux City, National Association,
Sioux City, Iowa -- report on competitive factors.
Submitted, July 19, 1995.

New York

Greenpoint Bank, Brooklyn, New York, proposed
purchase of certain assets and assumption of
certain liabilities of sixty branches of Home
Savings of America, FSB, Irwindale, California -report on competitive factors.
Submitted, July 20, 1995.

San Francisco

Household Bank (Nevada), National Association, Las
Vegas, Nevada, proposed purchase of certain assets
and assumption of certain liabilities of Household
Bank (Illinois), National Association, Wood Dale,
Illinois -- report on competitive factors.
Submitted, July 19, 1995.

Kansas City

Intrust Bank, N.A., Wichita, Kansas, proposed merger
with First National Bank, Ottawa, Kansas -- report
on competitive factors.
Submitted, July 21, 1995.

San Francisco

La Cumbre Savings Bank, F.S.B., Santa Barbara,
California, proposed merger with La Cumbre Interim
Federal Savings Bank -- report on competitive
factors.
Submitted, July 21, 1995.

Dallas

MetroBank, N.A., Houston, Texas, proposed merger with
New MetroBank -- report cm competitive factors.
Submitted, July 20, 1995.

H.2

JULY 17, 199S
PAGE 1
1

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Chicago

Northwestern Savings Bank & Trust, FSB, Traverse
City, Michigan, proposed merger with First of
America Bank-Michigan, National Association,
Kalamazoo, Michigan -- report on competitive
factors.
Submitted, July 17, 1995.

Philadelphia

Progress Federal Savings Bank, Plymouth Meeting,
Pennsylvania, proposed merger with RoxboroughManayunk Federal Savings Bank, Philadelphia,
Pennsylvania -- report on competitive factors.
Submitted, July 20, 1995.

Dallas

Surety Bank, National Association, Lufkin, Texas,
proposed purchase of the assets and assumption of
the liabilities of a branch at 104 North Elm,
Waxahachie, Texas, of Bank One Texas, National
Association, Dallas, Texas -- report on competitive
factors.
Submitted, July 20, 1995.

EXTENSIONS OF TIME




Atlanta

AmSouth Bank of Walker County, Jasper, Alabama;
AmSouth Bank of Florida, Tampa, Florida; AmSouth
Bank of Georgia, Summerville, Georgia; and AmSouth
Bank of Tennessee, Chattanooga, Texas -- extension
to August 22, 1995, to become members of the
Federal Reserve System.
Granted, July 17, 1995.

San Francisco

BankAmerica Corporation, San Francisco, California extension to divest certain property.
Granted, July 21, 1995.

Minneapolis

First Interstate Bank of Commerce, Billings,
Montana -- extension to November 18, 1995, to
acquire First National Bank in Livingston,
Livingston, Montana.
Granted, July 18, 1995.

Francisco
San Franciscc>

Hanil Bank, Ltd., Seoul, Korea -- extension to divest
certain property.
Granted, July 20, 1995.

H .2

JULY 17, 1995
PAGE 12

TO

JULY 21, 1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
Minneapolis

Norwest Corporation, Minneapolis,Minnesota -extension to November 6, 1995, to engage de novo in
providing employment histories to third parties for
a fee.
Granted, July 20, 1995.

Cleveland

Ohio Heritage Bancorp, Inc., Coshocton, Ohio -extension to November 1, 1995, to acquire Ohio
Heritage Bank.
Granted, July 19, 1995.

Cleveland

Ohio Heritage Bank, Coshocton, Ohio -- extension to
November 1, 1995, to become a member of the Federal
Reserve System.
Granted, July 20, 1995.

New York

Saban S.A., Panama, and RNYC Holdings Limited,
Gibraltar -- extension of time for Saban to acquire
2.45 percent of the voting stock of Republic New
York Corporation, New York, New York, and for RNYC
to acquire, and thereby for Saban to indirectly
acquire voting stock of RNYC.
Granted, July 20, 1995.

INTERNATIONAL OPERATIONS
Chicago

Continental International Finance Corporation,
Chicago, Illinois --to change its name to
BankAmerica International Investment Corporation.
Approved, July 21, 1995.

Chicago

Libertyville Bank & Trust Company, Libertyville,
Illinois -- to become a member of the Federal
Reserve System.
Returned, July 18, 1995.

Minneapolis

MONYCOR Bank of Superior, Superior, Wisconsin --to
become a member of the Federal Reserve System.
Approved, July 18, 1995.

MEMBERSHIP




H .2
JULY 17,
PAGE 13

1995

TO

JULY 2 1 ,

1995

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

MEMBERSHIP
Cleveland

Ohio Heritage Bank, Coshocton, Ohio -- to become a
member of the Federal Reserve System.
Approved, July 19, 1995.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Cleveland --to offer a mixed
deposit plus MICR capture product at the fees
proposed.
Approved, July 17, 1995.

H .2
JULY 17, 1995
PAGE 14

ADDITIONS AND CORRECTIONS
TO

JULY 21, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS




Annual Daylight Overdraft Capital Report for U.S.
Branches and Agencies of Foreign Banks (FR 2225)
extension without revision.
Proposed, July 10, 1995.
Application for Adjustment in Holding of Federal
Reserve Bank Stock CFR 2056) -- extension without
revision.
Proposed, July 10, 1995.
Application for Cancellation of Reserve Bank Stock -Liquidating Member Bank (FR 2086), Application for
Cancellation of Reserve Bank Stock -- Member Bank
Merging or Consolidating with Nonmember Bank (FR
2086a), Application for Cancellation of Reserve
Bank Stock -- Converting National Bank (FR 2086b),
and Application for Cancellation of Reserve Bank
Stock -- Insolvent Member Bank (FR 2087) -extension without revision.
Proposed, July 10, 1995.
Application for Federal Reserve Bank Stock -Organizing National Bank (FR 2030) and Application
for Federal Reserve Bank Stock -- Nonmember State
Bank Converting into National Bank ( FR 2030a) -extension without revision.
Proposed, July 10, 1995.
Bank Holding Company Report of Changes in Investments
and Activities (FR Y-6A) -- extension with
revisions.
Proposed, July 10, 1995.
International Applications and Prior Notifications
Under Subparts A and C of Regulation K (FR K-1) -extension with revision.
Proposed, July 10, 1995.
Notification of Foreign Branch Status (FR 2058) -extension without revision.
Proposed, July 10, 1995.

H.2
JULY 17, 1995
PAGE 15

ADDITIONS AND CORRECTIONS
TO

JULY 21, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS
Report of Commercial Paper Outstanding Placed by
Brokers and Dealers (FR 2957a), Report of
Commercial Paper Outstanding Placed Directly by
Issuers CFR 2957b), and Daily Report of Offering
Rates on Commercial Paper (FR 2957d) -- extension
with revisions for FR 2957a and FR 2957b, and
extension without revision for FR 2957d.
Proposed, July 10, 1995.
Report of Net Debit Cap (FR 2226) -- extension
without revision.
Proposed, July 10, 1995.
REGULATIONS AND POLICIES
Capital adequacy -- interim rule and request for
comment on capital treatment of originated mortgage
servicing rights (Docket R-0887).
Approved, July 14, 1995.

ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK BRANCHES. DOMESTIC




Cleveland

Fifth Third Bank, Cincinnati, Ohio --to establish a
branch at 1783 Ohio Pike, Amelia, Ohio.
Approved, July 11, 1995.

Chicago

Hinsbrook Bank & Trust, Willowcreek, Illinois -- to
establish a branch at 718 Ogden Avenue, Downers
Grove, Illinois.
Approved, July 14, 1995.

Cleveland

Huntington State Bank, Alexandria, Ohio -- to
establish a bank subsidiary corporation to conduct
agency activities and specifically, to engage in
the sale of annuities and credit-related insurance.
Approved, July 11, 1995.

F E D E R A L R E S E R V E BANK O F B O STO N A P P L IC A T IO N S

Appl i c a t i o n

SE C T I O N I - A P P L I C A T I O N S SU B J E C T TO
N E W S P A P E R - QT.IC,E.,QNLY
N
C o mment P e r i o d E n d i n g Date

N ONE

SE C T I O N IT - A P P L I C A T I O N S SU B J E C T TO B O T H
N E W S P A P E R A N D F E DERAL R E G I S T E R N O T I C E
C o mment P e r i o d Endi n g Date

Application
Andover B a n c o r p , Inc . ,
New s p a p e r
Andover, M A and A n d o v e r
B a ncorp of N e w Hampshire,
Inc., Concord, N e w Ha m p s h i r e
- 3 (a ) (1)/ 3 ( a ) (3) ap p l i c a t i o n
to a c quire A n d o v e r Bank N e w
Hampshire, Salem, N e w
Hampshire, a de novo bank* *

07-28-95
F e deral R e g i s t e r
Not Yet E s t a b l i s h e d

SE C T I O N III - APPLIC A T I O N S SU B J E C T TO
F E D E R A L REGI S T E R N O T I C E ONL Y
Application

C omment P e r i o d E n d i n g Date
NONE

S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO
F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E
Application
NONE

*Subject to CRA.
**Rating Definitions:
"O" - Outstanding; "S" - Satisfactory;
- Ne e d s to Improve; "SN" - Substantial Noncompliance.




"N"

S E C T IO N V -

I nstitution




A V A IL A B IL IT Y OF CRA P U B L IC E VA LUATIO NS

Examination D . .
ate
NON E

Eating**

Federal Reserve Bank of New York
Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
None.

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
None
SECTION IV
Applications Not Involving
______Public Comment______
None.

1/ Subject to the provisions of the Community Reinvestment Act.




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 an
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 22, 1995
NAME OF BANK

h

| oil m|

4/

EXAMINATION DATE

Bank of New York
48 Wall Street
New York, New York

/
/
/

RATING
Satisfactory

August 29, 1994

10286

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 Availables




FEDERAL RESERVE BANK OF PHILADELPHIA

Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER
NOTICE
NONE
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV ~ APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE




NONE

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA* The 30-business day period the
bank has to make the evaluation public has lapsed during the week ending July 14,
1995.
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/Location

Examination Date

CRA Rating

None

None

None




F ed era l Reserv e B a n k
of Cleveland
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387

APPLICATIONS BULLETIN
(For the week ending July 22,1995)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPERNOTICE ONLY
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTERNOTICE
Received application from Pikeville National Corporation,
and Whitley Acquisition Corp., both o f Pikeville, Kentucky,
on July 21,1995, to acquire United Whitley Corp., Williamsburg,
Kentucky.

*N: August 23,1995

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received notice from Cardinal Bancshares, Inc., Lexington,
Kentucky, on July 12,1995, o f its intent to engage in computer
banking services pursuant to Section 225.25(b)(9) o f Regulation Y;

Not Yet Known

marketing and providing computer-related electronic data processing
services pursuant to Section 225.25(b)(7) o f Regulation Y;

and offering mutual fund products and Securities brokerage services
pursuant to Section 225.25(b)(15) o f Regulation Y.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTERNOTICE
ORNEW
SPAPERNOTICE
NONE

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt



A V A ILA BILITY O F CRA PU BLIC EVALUATIONS
(July 21,1995)

The following state member banks have been examined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended July 21, 1995. If you are
interested in obtaining a copy of an evaluation document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS T O IM PR O V E: a bank in this group needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COM PLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

NONE




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

Crestar Bank, Richmond, Virginia, to
establish a branch at 2047 Pleasant
Valley Road, Winchester, Virginia.1
*

8-6-95

First Virginia Bank, Falls Church,
Virginia, to establish a branch at
7509 Huntsman Boulevard, Springfield,
Virginia.*

8-14-95

The George Mason Bank, Fairfax, Virginia,
to establish a branch at 5335 Lee Highway,
Arlington, Virginia.*

8-17-95

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Piedmont Bancorp, Inc., Hillsborough,
North Carolina, to become a bank holding
company through the acquisition of 100%
of the voting shares of Hillsborough
Savings Bank, SSB, Hillsborough, North
Carolina.*

8-11-95

First Bancorp, Inc., Lebanon, Virginia, to
acquire First Bank and Trust Company of
Tennessee, Johnson City, Tennessee, an
organizing bank.*

8-14-95**

*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.



Federal Reserve Bank of Richmond

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

Wachovia Corporation, Winston-Salem, North
Carolina, to engage in acting as investment
or financial adviser; providing foreign
exchange advisory and transactional services;
and acting as intermediary for the financing
of commercial or industrial income-producing
real estate by arranging for the transfer of
title, control and risk of such real estate
project to one or more investors.

7-28-95**

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
None.

**Expiration of comment period specified in the Federal Register.



Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending July 21, 1995

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

First Virginia Bank - Commonwealth
4360 George Washington Memorial Highway
Grafton, Virginia 23187

Rating

2-21-95

Satisfactory

The Middleburg Bank
111 West Washington Street
Middleburg, Virginia 22117

5-1-95

Satisfactory

Miners Exchange Bank
Route 58
Coeburn, Virginia 24230

5-8-95

Satisfactory




Federal . a . r e Bank o . . A l n a
Rsev
f..tat
Applications..,.Bulletin for Week Ending July 21. 1995
Section 1 - Applications Subject ta.,.Newspaper,Notice,
.
Only
Comment Period Ending. .Date

Application

Sun Bank of Tampa B a y
08-10-95*
Tampa, Florida
To establish a b r a n c h located at Tampa International Airport,
Tampa, Florida, to be known as the Airport Office.

Sectio , 2 - Applications Subject to Both
n
Newspaper and Federal Register N o t i c e

Application

Comment Period Ending Date

Ameribank Bankshares, Inc.
08-14-95*
Hollywood, Florida
Federal Register
To merge with First National Bancshares, Inc., Hollywood, Florida,
and thereby directly acquire First National B a n k of Hollywood,
Hollywood, Florida, pursuant to Section 3(a) (5) of the Bank Holding
C o mpany Act.
Thomasville Bancshares, Inc.
Not yet available*
Thomasville, Georgia
1-BHC formation, Thomasville National Bank, Thomasville,
(in o r g a n i z a t i o n ) .

Georgia

Section 3.- Applications Subject to Federal R e g i s t e r Onl y

Application
Comment Period Ending Date
Peoples Holding C ompany
08-04-95
Winder, Georgia
To engage de novo in commercial lending activities, through its
subsidiary, TPB Leasing, Winder, Georgia, p u r s u a n t to Section
4(c)(8)
of
the
Bank
Holding
Company
Act
and
Section
2 2 5 . 2 5 (b)(1)(iv) of Regulation Y.

*Subject to provisions of the Community Reinvestment Act.



Federal-Reserve Bank of .Atlanta
Applications Bulletin .for Week Ending July 21.. 1995
S e c tion.4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending July 21. 1995

Section 10 - A v a i lability of CRA Public Evaluations

The CRA public evaluations of the insured d e p o s i t o r y institutions
listed below became available during this week.
Information about
an i n s t i t u t i o n 's CRA evaluation may be obtained d i r e c t l y 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, a n d is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
m o d erate-income
neighborhoods,
in a manner consistent w i t h its resources and
capabilities.
Satisfactory

record of meeting community credit needs:
An
institution has a satisfactory record of ascert a i n i n g and helping
to meet the credit needs of its entire d e l i n e a t e d 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 w i t h its resources and capabilities.

Substantial noncompliance in meeting community credit needs:

An
institution has a substantially deficient reco r d 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
Bank of Naples
Post Office Box 413001
Naples, Florida
33941
(813)434-7200

Rating
Satisfactory

Metro Bank of Dade
Satisfactory
County, 1390 South Dixie Highway
Coral Gables, Florida
33146
(305)662-1390



Date
05-01-95

05-01-95

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Onl y

Comment Per i o d
E n d i n g Date

JYPe

Application

Branch

C o m m u n i t y State Bank
Avilla, Indiana
115 E. Main Street
Albion, Indiana

EFT

Harris Trust and Savings Bank
NP
Chicago, Illinois
2 E F T ’ at Loyola University Business School
s
25 East Pearson Street
Chicago, Illinois

Membership

S e c u r i t y Savings Bank
Eagle Grove, Iowa
to become a member of the Federal Reserve
System

NP - 7-21-95

Branch

Bank of Pontiac
Pontiac, Illinois
1703 West Reynolds Street
Pontiac, Illinois

NP - 7-29-95

Y-l Notice

C.B. Bank Shares, Inc.
FR - 7-17-95
Russiaville, Indiana
NP - 6-23-95
Central Bank
Russiaville, Indiana* (formerly Central National
Bank of Howard County)

Branch

L i b e r t y Bank
Milwaukee, Wisconsin
312 East Silver Spring Drive
W h i t e f i s h Bay, Wisconsin

NP

- 7-21-95

Branch

1st Source Bank
South Bend, Indiana
1751 Lexington Avenue
Elkhart, Indiana

NP

- 7-28-95

Branch

1st Source Bank
South Bend, Indiana
23164 U.S. 33
E l k h a r t , IN

NP - 7-28-95




NP - 7-22-95

- 8-1-95

Federal Reserve Bank of Chicago
Section I - Applications Subject to N e w s p a p e r
Notice Only
Continued
Comment Period
Ending Datp,

Type

Appl i c a t i o n

EFT

Comerica Bank
Detroit, Michigan
Kroger Store
23001 M ichigan Avenue
Dearborn, Michigan

Merger/Branch

S ecurity Savings Bank
NP - **
Farhamville, Iowa
to acquire the assets and assume the
deposit liabilities of the Harcourt, Iowa
and Lehigh, Iowa offices of B o a t m e n ’ B a n k of
s
Fort Dodge, Fort Dodge, Iowa and to e s t a b l i s h
branches at 127 South Ash Street,
Harcourt, Iowa and 116 Main Street,
Lehigh, Iowa

Branch

Bank of Lakeview
Lakeview, Michigan
10049 Buchanan Road
Stanwood, Michigan

NP -8-5-95

Merger

Bank of Oakfield
Oakfield, Wisconsin
Van Dyne Branch of M&I Central State Ban k
Ripon, Wisconsin

NP - **

Branch

Bank of Lenawee
Adrian, Michigan
to establish a mobile branch

NP -




NP - 7-23-95

7-26-95

F e d e r a l R e s e r v e B a n k o f C h ic a g o
S e c tio n

II

-

A p p l i c a t i o n s S u b je c t t o B o th 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 tic e

Comment P e r i o d
Ending D a t e

Type

Application

Y-l

L i bertyville Bancorp, Inc.
Lake Forest, Illinois
Libertyville Bank & Trust Company
Libertyville, Illinois* (in organization)

FR
NP

7-21-95
7-14-95

Y-l

A. E. Bancorp, Inc.
B u f f a l o Grove, Illinois
A m e r i c a n Enterprise Bank
B u f f a l o Grove, Illinois*

FR
NP

7-21-95
7-16-95

FR
NP

78-

FR
NP

7-17-95

(in organization)

Y-2

L i n c o l n Bancorp
Reinbeck, Iowa
G a r w i n Bancorporation
Garwin, Iowa
Farmers Savings Bank
Garwin, Iowa*

CoC-HC

First Community Bancshares,
Milton, Wisconsin
John C . Bradshaw

Y-2

S h o r e b a n k Corporation
Chicago, Illinois
U.S. Bank of Southwest Washington
Vancouver, Washington*

FR
NP

8-4-95
7-31-95

Y-2

Colf a x Bancshares, Inc.
Victor, Iowa
Ma x w e l l Bancorporation
Maxwell, Iowa
M axwell State Bank
Maxwell, Iowa*

FR
NP

8-4-95
7-31-95

Y-l

B a r l o w Banking Corporation
Iowa Falls, Iowa
Iowa Falls State Bank
Iowa Falls, Iowa*

FR
NP

8-4-95
7-26-95

Y-2

Ida Grove Bancshares,
Inc.
Ida Grove, Iowa
A m e r i c a n Bancshares, Inc.
Holstein, Iowa
A m e r i c a n National Bank
Holstein, Iowa*

FR
NP

8-10-95




Corp.

**

10-95
7-95

F e d e r a l R e s e r v e B ank o f C h ic a g o
S e c tio n

II

-

A p p l i c a t i o n s S u b je c t t o B o th N e w s p a p e r a n d F e d e r a l
R e g i s t e r N o t ic e

Comment Period
Ending Date

Type

Application

Y-l

A m e r i c a n Bancshares, Inc.
Holstein, Iowa
A m e r i c a n National Bank
Holstein, Iowa*

FR - 8-10-95
N P - **

Y-2

F&M Bancorporation, Inc.
Kaukauna, Wisconsin
Peoples State Bank of Bloomer
Bloomer, Wisconsin*

FR - 8-17-95
N P - **

Y-l

Olympia Bancorporation, Inc. Employee
Stock Owners
Chicago Heights, Illinois
Olympia Bancorporaton, Inc.
Chicago Heights, Illinois
Heritage Olympia Bank
Chicago Heights, Illinois*

FR - 8-11-95
N P - 8-9-95

Y-l

Philipps Investment Limited Partnership
Spring Hill, Florida
Gratiot Bancshares, Inc.
Gratiot, Wisconsin
Gratiot State Bank
Gratiot, Wisconsin*

FR - 8-17-95
NP - 7-22-95

Y-2

Shorebank Corporation
Chicago, Illinois
Indecorp, Inc.
Chicago, Illinois
Independence Bank of Chicago
Chicago, Illinois
Drexel National Bank
Chicago, Illinois*

FR - 8-14-95
NP - **

Y-2

Beaman Bancshares, Inc.
Beaman, Iowa
Producers Savings
Green Mountain, Iowa*

FR - 8-17-95
NP - 8-14-95

Y-2

Comerica Incorporated
Detroit, Michigan
Metrobank
Los Angeles, California*

FR - **
NP - **

Y-2

Comerica California Incorporated
San Jose, California
Metrobank
Los Angeles, California*

FR - **
NP - **




F e d e r a l R e s e rv e B ank o f
S e c tio n

II

-

C h ic a g o

A p p l i c a t i o n s S u b je c t t o B o th 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

Comment Period
E n ding Date

Tvpe

Application

CoC-HC

Kent Bancshares, Inc.
Kent, Illinois
b y Virgil L. Bocker & Delmar Kampen

FR - 8-3-95
NP - * *

Y-l

N a t i o n a l Australia Bank Limited
Melbourne, Australia
Nat i o n a l Equities Limited
Melbourne, Australia
N a t i o n a l Australia Group (UK) Limited
London, England
N o r t h Americas Holdings Limited
London, England
M N C Acquisition Co.
Melbourne, Australia
Mich i g a n National Corporation
Farmington Hills, Michigan
Bloomfield Hills Bancorp, Inc.
Bloomfield Hills, Michigan
Bank of Bloomfield Hills
Bloomfield Hills, Michigan
Mich i g a n National Banks
Farmington Hills, Michigan

FR - ★ *
NP - **




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal R e g i s t e r
Notice Only

Comment Period
Ending Date

Type

Application

4(c) (8)

Midstates Bancshares, Inc.
FR - 7-27-95
Missouri Valley, Iowa
to engage in investment advisory s ervices thru
Midstates Financial Services, Inc.
Harlan, Iowa

4(C) ( )
8

Princeton/LeClaire Agency, Inc.
Princeton, Iowa
to engage in leasing activities

4(C) ( )
8

Horizon Bancorp
FR - 7-27-95
Michigan City, Indiana
to engage de novo in consumer finance
and mortgage lending through its subsidiary,
The Loan Store, Inc., Michigan City, Indiana

4(c) ( )
8

Garrett Bancshares Ltd.
Bloomfield, Iowa
to engage de novo in making and servicing
loans

FR - 7-28-95

4(c) ( )
8

Central Illinois Financial Co., Inc.
Champaign, Illinois
to engage in trust activities thro u g h
it’ subsidiary, Banklllinois Trust Co.
s
Champaign, Illinois

FR - 8-4-95

4(c) ( )
8

West Bend Bancorp
FR - 8-3-95
West Bend, Iowa
to engage in the sale of insurance through
it’ subsidiary,Security Insurance Inc.,
s
West Bend, Iowa

4(C) ( )
8

Northern Trust Corporation
Chicago, Illinois
RCB International Inc.
Stamford, Connecticut




FR - 7-25-95

FR - **

F e d e r a l R e s e rv e B an k o f

Section

C h ic a g o

III - Applications Subject to Federal Register
Notice Only

Comment Per i o d
E n d i n g Date

Typ_e

Application

4(c) (8)

H o r i z o n Bancorp
FR - **
Mic h i g a n City, Indiana
to act as an agent or broker for insurance
directly related to its extensions of credit

4(c) (8)

Crystal Valley Financial Corporation
Middlebury, Indiana
to invest in low-income housing project

4(c) (8)

National Australia Bank Limited
FR - **
Melbourne, Australia
National Equities Limited
Melbourne, Australia
National Australia Group (UK) Limited
London, England
North Americas Holdings Limited
London, England
MNC Acquisition Co.
Melbourne, Australia
MNC Operations and Services, Inc.
Farmington Hills, Michigan
MNC Leasing Company
Detroit, Michigan
Independence One Life Insurance Company
Phoenix, Arizona
Independence One Capital Management Corp.
Farmington Hills, Michigan
Michigan Bank, F.S.B.
Troy, Michigan
Independence One Asset Management Corporation
Irvine, California




FR - **

F e d e r a l R e s e r v e B ank o f C h ic a g o
S e c tio n

IV

- A p p lic a t io n s

N o t S u b je c t t o
N o t ic e

F e d e ra l R e g is te r

o r N ew spaper

ZYpe

A pplication

RoS

Olympia Bancorporation, Inc.
Chicago Heights, IL
to redeem 7,750 shares of outstanding c o mmon stock

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




A V A I L A B I L I T Y OF. CRA PUBLIC EVALUATIONS
The following state member banks have b e e n examined b y the Federal R e s e r v e
Bank of Chicago for compliance with the CRA.
The 3 0-day business d a y p e r i o d
the bank has to make the evaluation public has lapsed during the w e e k e n d i n g
July 21, 1995.
If you are interested in obtaining a copy of the e v a l u a t i o n
document, please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader
in, a s c e r t a i n i n g and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a
manner consistent w i t h its resources and capabilities.
S-An institution in this group has a satisfactory record of a s c e r t a i n i n g a n d
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner co n s i s t e n t w i t h
its resources and capabilities.
NI-An institution in this group needs to improve its overall r e c o r d of
a s c e r t a i n i n g and h e lping to meet the credit needs of its entire d e l i n e a t e d
community, including low- and moderate-income neighborhoods, in a m a n n e r
consistent w i t h its resources and capabilities.
SN-An institution in this group has a substantially deficient r e c o r d of
ascertaining and h e l p i n g to meet the credit needs of its entire d e l i n e a t e d
community, including low- and moderate-income neighborhoods, in a m a n n e r
consistent with its resources and capabilities.
BANK NA M E / L O C A T I O N
-Bank of Elmwood
2704 Lathrop Avenue
P.O. Box 081160
Racine, W i s c o n s i n
(414) 554-5321

EXAMINATION DATE

53408

-Chemcial Bank M i c h i g a n
807 M c Ewan Street
P.O. Box 710
Clare, M ich igan
48617
(517) 386-3411




RATINGS

4/03/95

3/20/95

S

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JULY 21, 1995

A d d !ication

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

Change in control notification involving First
National Bancshares in Newton, Inc., Newton,
Illinois by Robert T. Heath, trustee of the
Pennington, Heath Trust.

Not yet available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by National City
Bancshares, Inc., Evansville, Indiana, to engage
in the sale of credit related insurance.

Not yet available

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 O F 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 o f its entire delineated community, including low- and moderate- income
neighborhoods, in a manner consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank
None.




July 21, 1995

Bank Address

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
NONE.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II • Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date__

Application
NONE.

♦Subject to CRA

ABElication

FEDERAL RESERVE' BANK OF MINNEAPOLIS
Section III • Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Norwest Corporation, Minneapolis, Minnesota,
and Norwest Financial Services, Inc., Des Moines,
Iowa, to acquire the assets and assume certain
liabilities of Orlandi Valuta, Los Angeles,
California, and Orlandi Valuta Nacional,
Boulder City, Nevada

Not yet available

Norwest Corporation, Minneapolis, Minnesota,
and Wells Fargo and Company, San Francisco,
California, to form a joint venture, Towne
Square Mortgage, San Diego, California, which
will engage de novo in the residential mortgage
lending business

Not yet available

Dacotah Banks, Inc., Aberdeen, South Dakota,
to engage de novo in making, acquiring or
servicing loans

Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
LeSueur State Bank, LeSueur,
Minnesota, to increase its investment
in bank premises




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending July 21, 1995
ASSIGNMENT OF RATING
M a n t l f l g i U p n ,.gf B a f e i m
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.
A n 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.
A n 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.
A n 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.
A n institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low-and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

BANK(S) EXAMINED

DATE OF EXAMINATION

Dacotah Bank
April 17, 1995
113 North Commercial
Clark, South Dakota 57225-0298
(605) 532-3626




CRA RATING
Satisfactory

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER N O TIC E ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

First State Bank of Taos, Taos, New Mexico, for
prior approval to establish a branch located at the
comer of State Road 44 and Don Tomas Road,
Bernalillo, New Mexico.

Not Available

SECTION II - APPLICATIONS SUBJECT TO BO TH
NEW SPAPER AND FEDERAL REGISTER N O TICE
APPLICATION

COMMENT PERIOD ENDING DATE

First National Corporation of Ardmore, Inc.,
Ardmore, Oklahoma, for prior approval to acquire
50.50 percent of the voting shares of Bank of Love
County, Marietta, Oklahoma.*

August 14, 1995

Doniphan Bancshares, Inc., Doniphan, Nebraska, for
prior approval to become a bank holding company
through the acquisition of 100 percent of the voting
shares of Bank of Doniphan, Doniphan, Nebraska.*

August 14, 1995

Jack L. Grimmit, J r., and Robert Brent Grimmit,
both of Pauls Valley, Oklahoma, for prior approval to
increase their ownership interest in Valley Bancshares
Inc., Pauls Valley, Oklahoma, by 23.76 percent.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL R EG ISTER N O TIC E
ONLY
APPLICATION
Stuart Family Partnership, Lincoln, Nebraska, for
prior approval to engage in the business of making
loans.




COMMENT PERIOD ENDING DATE
Not Available

Federal Reserve Bank of Kansas City

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository institution’s CRA performance, a
rating is assigned from the following groups:

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 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities.




Federal Reserve Bank of Kansas City

Bank/Location

Exam Date

CRA Public
Date

The Stock Exchange Bank
P.O. Box 273
Caldwell, Kansas 67022-0273

04-17-95

07-18-95

Satisfactory

Community Bank & Trust
P.O . Box 400
Neosho, Missouri 64850-0400

04-10-95

07-20-95

Outstanding

First Mountain State Bank
200 North Townsend Avenue
Montrose, Colorado 81401

04-17-95

07-21-95

Satisfactory

*Application is subject to CRA.




CRA
Ratine

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 17, 1995

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

♦Section 3(a)(1) application by
The Berens Corporation, Houston, TX, to acquire
Berens Delaware, Inc., Wilmington, DE, and First
National Bank of Dayton, Houston, TX
(Resubmission)
♦Section 3(a)(1) application by
Berens Delaware, Inc., Wilmington, DE, to acquire
First National Bank of Dayton, Dayton, TX
(Resubmission)
Change in Control Notice by
Ronald Franklin Yates, Sr., Marble Falls, Tx, to
acquire an interest in Marble Falls National Bancshares,
Inc., Marble Falls, TX
(Previously reported during the week of 6-26-95)

95/05/30

95/05/30

95/08/02

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

Section 4(c)(8) de novo notification by
Riverside Bancshares, Inc., Logansport, LA, to engage
in the maki~~ and servicing of loans through Gateway
Finance, Inc., Logansport, LA

95/08/08

Section 4(c)(8) de novo notification by
The Berens Corporation, Houston, TX, to engage in leasing
activities and in the making and servicing of loans through
Berens Credit Corporation, Houston, TX
(Resubmission)




95/06/13

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 17. 1995

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
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 7/21/95
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
Banque Nationale de Paris ("BNP"), Paris, France,
and BancWest Corporation, San Francisco,
California,to establish BancWest Corporation,
as a shell bank holding company for BNP’s
investment in Bank of the West, San Francisco,
California. *

Newspaper:

8/12/95

Fed. Rea.:

8/21/95

Draper BanCorp, Draper, Utah, to become a bank
holding company by acquiring Draper Bank & Trust,
Draper, Utah. *

Newspaper:

Not available

Fed. Rea.:

8/21/95

Section III -Applications Subject to Federal Register Only
Wells Fargo & Company, San Francisco, California,
Fed. Reg.:
formation of a joint venture between a wholly-owned
subsidiary of Norwest Corporation, Norwest Ventures,
Inc., and a wholly-owned subsidiary of Wells Fargo &
Company, Wells Fargo Ventures, Inc., to be named
Towne Square Mortgage, which will engage in residential
mortgage lending activities.

8/10/95

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA.



FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t ’ d . )

Week ending 7/21/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending July 21, 1995. Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution

Location

Harris Trust Bank

6263 North Scottsdale Rd.
Scottsdale, AZ 85250-5401
(602) 951-4900

3/27/95

Satisfactory

Bank of Ephraim

2 North Main Street
Ephraim, UT 84627-1102
(801) 283-4621

4/10/95

Satisfactory

Oregon Pacific
Banking Co.

1355 Highway 101
Florence, OR 97439-9619
(503) 997-7121

4/10/95

Outstanding

Examination Date

Rating*

*Under the rating system an institution’s CRA performance is assigned one of the
following
four ratings:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.




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