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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1992, No. 30 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending July 25, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Banc One Corporation* Columbus* Ohio — to acquire certain assets and assume certain liabilities of Diamond Savings and Loan Company* Findlay* Ohio. Approved* July 20* 1992. Glacier Bancorp* Inc.* Kalispell* Montana — to acquire Evergreen Bancorporation* to engage in savings and loan activities through First Federal Savings Bank of Montana* and to engage in securities brokerage activities. Approved* July 20* 1992. West Shore Bank Corporation* Scottville* Michigan — to acquire certain assets and assume certain liabilities of the Ludington* Michigan* branch of Great Lakes Bancorp* F.S.B.* Ann Arbor* Michigan. Approved, July 20* 1992. BOARD OPERATIONS Division of Reserve Bank Operations and Payment Systems — restructuring and assignments of official staff. Approved, July 24* 1992. ENFORCEMENT Bank of the Brandywine Valley* West Chester* Pennsylvania — issuance of order of prohibition and cease and desist order against Seth T. Gardner; and order of prohibition against Stephen H. Bennett. Announced* July 23* 1992. Bay Port Associates* Bay Port* Michigan — order of removal and prohibition against James V. Foster. Announced* July 22* 1992. Constellation Bancorp* Elizabeth* New Jersey — written agreement dated July 20* 1992* with the Federal Reserve Bank of New York. Announced* July 23* 1992. First Eastern Corp.* Wilkes - Barre* Pennsylvania — written agreement dated July 15* 1992* with Federal Reserve Bank of Philadelphia. Announced* July 21* 1992. H .2 JULY 20, PAGE 2 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS INTERNATIONAL OPERATIONS Morgan Guaranty International Finance Corporation, New York, New York — to make an investment in J.P. Morgan Sterling Securities Limited, London, England. Permitted, July 19, 1992. REGULATIONS AND POLICIES Section 20 orders — publication of Federal Register document on alternative methods to adjust the 10 percent revenue test limiting ineligible securities activities of subsidiaries of bank holding companies. Authorized, July 20, 1992. 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 Kansas City Belcaro Bank, Glendale, Colorado, Denver Tec Bank, Denver, and The Professional Bank of Colorado, Englewood, Colorado — contractual branch arrangements. Approved, July 21, 1992. Cleveland Chippewa Valley Bank, Rittman, Ohio — to establish a branch at 6689 Greenwich Road, Westfield Center, Ohio. Returned, July 20, 1992. Chicago Cole Taylor Bank, Chicago, Illinois — to establish an offsite electronic facility at the Walmart Store, 103rd Street and Harlem Avenue. Approved, July 20, 1992. Cleveland Exchange Bank, Luckey, Ohio — to establish a branch at 940 Clarion Avenue, Holland, Ohio. Approved, July 20, 1992. H .2 JULY 20, PAGE 3 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago First of America Bank-Ann Arbor, Ann Arbor, Michigan; First of America Bank-Central, Lansing; First of American Bank-Northern Michigan, Traverse City; First of America Bank-West Michigan, Grand Rapids; and Security Bank and Trust Company, Southgate, Michigan — to provide contractual branches with First of America Bank-Michigan, National Association, Kalamazoo; First of America Bank MidMichigan, National Association, Bay City; First of America-Southeast Michigan, National Association, Detroit; and First of America Bank-Upper Peninsula, National Association, Marquette, Michigan. Approved, July 23, 1992. Kansas City Friendly Bank of Oklahoma City, Oklahoma City, Oklahoma — to establish an ATM facility at 7777 South May Avenue. Approved, July 21, 1992. Chicago Union Bank / Sandwich, Sandwich, Illinois — to establish an automatic teller machine at Route 34 and Dayton Street. Approved, July 23, 1992. San Francisco Valley Bank of Nevada, Las Vegas, Nevada — to establish a branch at 2200 East Warm Springs Road. Approved, July 22, 1992. H .2 JULY 20, PAGE 4 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Chase Manhattan National Corporation, New York, New York — to acquire Chase Manhattan Bank, N.A., Wilmington, Delaware, and certain nonbanking subsidiaries of The Chase Manhattan Corporation, New York, New York. Withdrawn, July 24, 1992. New York Chase Manhattan National Corporation, New York, New York — to establish a branch in Jersey, Channel Islands, to accept deposits from non U.S. residents and non U.S. citizens. Withdrawn, July 24, 1992. Atlanta First Citizens Bancorp, Cleveland, Tennessee — to acquire Basin Bancorp, Inc., Ducktown, Tennessee, and The Home Bank of Tennessee. Approved, July 20, 1992. Chicago First Community Bancshares, Inc., Bargersville, Indiana — to acquire Bargersville Federal Savings Bank. Approved, July 24, 1992. New York Great Falls Bancorp, Totowa, New Jersey — to acquire NJ Mortgage Company, and engage in mortgage banking activities for Great Falls Bank. Withdrawn, July 24, 1992. Minneapolis Highland Bancorporation, Inc., Minneapolis, Minnesota — to engage in lending activities to controlling shareholders. Withdrawn, July 24, 1992. Minneapolis McVille Financial Services, Inc., McVille, North Dakota — to acquire McVille State Bank. Approved, July 24, 1992. New York National Westminster Bank PLC, London, England, and NatWest Holdings, Inc., New York, New York — to engage in financial advisory and securities brokerage services through County NatWest International Limited, New York, New York. Withdrawn, July 20, 1992. H .2 JULY 20, 1992 TO JULY 24, 1992 PAGE 5 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Roscoe (Delaware), Inc., Wilmington, Delaware -- to acquire The Roscoe State Bank, Roscoe, Texas. Approved, July 24, 1992. Dallas Roscoe Financial Corporation, Roscoe, Texas — to acquire Roscoe (Delaware), Inc., Wilmington, Delaware, and The Roscoe State Bank, Roscoe, Texas. Approved, July 24, 1992. Minneapolis Security Northwest Bancorporation, Inc., Minneapolis, Minnesota -- to engage in lending activities to controlling shareholders. Withdrawn, July 24, 1992. Cleveland Society Corporation, Cleveland, Ohio -- to acquire First American Bank-Monroe, Monroe, Michigan. Approved, July 21, 1992. Dallas Texas Independent Bancshares, Inc., Texas City, Texas — to engage in data processing activities. Approved, July 23, 1992. Minneapolis Winton Jones Limited Partnership, Wayzata, Minnesota — to acquire Anchor Bancorp, Inc. Approved, July 24, 1992. BANK PREMISES S t . Louis Arkansas Bank and Trust Company, Hot Springs, Arkansas — investment in bank premises. Approved, July 23, 1992. Kansas City Castle Rock Bank, Castle Rock, Colorado — in bank premises. Approved, July 24, 1992. Minneapolis North Shore Bank of Commerce, Duluth, Minnesota — investment in bank premises. Approved, July 20, 1992. Kansas City OMNIBANK-Arvada, Arvada, Colorado — bank premises. Approved, July 24, 1992. investment investment in H .2 JULY 20, 1992 TO JULY 24, 1992 PAGE 6 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City United Bank and Trust Company of Norman, Norman, Oklahoma — investment in bank premises. Approved, July 24, 1992. Kansas City Webb City Bank, Webb City, Missouri — bank premises. Approved, July 20, 1992. investment in BANKS, STATE MEMBER New York United States Trust Company of New York, New York, New York — payment of a dividend. Approved, July 20, 1992. CHANGE IN BANK CONTROL St. Louis Du Quoin Bancorp, Inc., Du Quoin, Illinois — in bank control. Permitted, July 24, 1992. Dallas National Bancshares Corporation of Texas, San Antonio, Texas — change in bank control. Withdrawn, July 21, 1992. S t . Louis Southeast Arkansas Bank Corporation, Lake Village, Arkansas — change in bank control. Permitted, July 22, 1992. Kansas City United Bank and Trust Company of Norman, Norman, Oklahoma — change in bank control. Permitted, July 20, 1992. Minneapolis Wabeno Bancorporation, Inc., Venice, Florida — change in bank control. Returned, July 20, 1992. change COMPETITIVE FACTORS REPORTS San Francisco American Savings Bank, Los Angeles, California, proposed purchase of assets and assumption of liabilities of the Fallon, Nevada, branch of California Federal Bank, FSB, Los Angeles, California — report on competitive factors. Submitted, July 24, 1992. H .2 JULY 20, PAGE 7 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Ameritrust Development Bank, Cleveland, Ohio, proposed merger with Society National Bank, Cleveland, Ohio — report on competitive factors. Submitted, July 20, 1992. Cleveland Bank One, Marion, Ohio, proposed purchase of the assets and assumption of the liabilities of the Carey, Ohio, and Upper Sandusky, Ohio, offices of Diamond Savings and Loan Company, Findlay, Ohio — report on competitive factors. Submitted, July 21, 1992. Cleveland Bank One, Lima, N.A., Lima, Ohio; Bank One, Fremont, Fremont; and Bank One, Sidney, N.A., Sidney, Ohio, proposed purchase of certain assets and assumption of the liabilities of 23 Ohio branches of Diamond Savings and Loan Company, Findlay, Ohio — report on competitive factors. Submitted, July 21, 1992. Atlanta Citizens Bank of Clearwater, Florida, proposed merger with Citizens Interim Bank -- report on competitive factors. Submitted, July 20, 1992. St. Louis Conservative Bank, A Federal Savings Bank, St. Louis, Missouri, proposed merger with First Granite City Savings and Loan, Granite City, Illinois -- report on competitive factors. Submitted, July 22, 1992. Cleveland Diamond Savings and Loan Company, Findlay, Ohio, proposed sale of branches to Banc One Corporation, Columbus, Ohio, and Belmont National Bank, St. Clairsville, Ohio — report on competitive factors. Submitted, July 21, 1992. Richmond Fidelity Bank, Fuquay - Varina, North Carolina, proposed purchase of certain assets and assumption of certain liabilities of the Raeford, North Carolina, branch of First-Citizens Bank & Trust Company, Raleigh, North Carolina — report on compet it ive factors. Submitted, July 20, 1992. H .2 JULY 20, PAGE 8 1992 TO JULY 24, 1992 ACTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First Bank of Apache, Apache, Oklahoma, proposed merger with First Apache Bancshares, Inc., — report on competitive factors. Submitted, July 24, 1992. Chicago First Community Bank & Trust, Bargersville, Indiana, proposed merger with Bargersville Federal Savings Bank — report on competitive factors. Submitted, July 24, 1992. S t . Louis First National Bank of Kirksville, Kirksville, Missouri, proposed acquisition of two branches of Northeast Missouri State Bank — report on competitive factors. Submitted, July 24, 1992. Atlanta Home Financial Corporation, Mutual Holding Company, Hollywood, Florida, to reorganize as a mutual holding company and by Home Savings Bank, FSB, to apply for minority stock issuance — report on competitive factors. Submitted, July 20, 1992. Chicago Keokuk Bancshares, Inc., Keokuk, Iowa, proposed acquisition of Hancock Savings and Loan Association, Carthage, Illinois — report on competitive factors. Submitted, July 22, 1992. Cleveland KSB Bank, Killbuck, Ohio, proposed merger with The Killbuck Savings Bank — report on competitive factors. Submitted, July 20, 1992. Boston Middlesex Savings Bank, Natick, Massachusetts, proposed acquisition of certain assets and assumption of certain liabilities of the 830 Washington Street, Holliston; and 10 Main Street, Hopkinton, Massachusetts, branches — report on competitive factors. Submitted, July 20, 1992. H .2 JULY 20, PAGE 9 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS S t . Louis Ohio Valley National Bank of Henderson, Henderson, Kentucky, proposed merger with National Acquisition Bank of Ohio Valley — report on competitive factors. Submitted, July 24, 1992. Richmond Peoples Bank, Inc., Honaker, Virginia, proposed purchase of certain assets and assumption of certain liabilities of the Pound and Duffield, Virginia, branches of NationsBank of Virginia, N.A., Richmond, Virginia — report on competitive factors. Submitted, July 23, 1992. Philadelphia Premium Federal Savings Bank, Gibbsboro, New Jersey, proposed purchase of the assets and assumption of the liabilities of Premium Interim Federal Savings Bank — report on competitive factors. Submitted, July 23, 1992. Atlanta Republic Savings Financial Corporation, Palm Beach Gardens, Florida, proposed merger with Homestead Federal Savings Bank, Homestead, Florida — report on competitive factors. Submitted, July 20, 1992. Atlanta Society National Trust Company, Naples, Florida, proposed merger with Ameritrust Southeast National Association, Tampa, Florida — report on competitive factors. Submitted, July 20, 1992. H .2 JULY 20, PAGE 10 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago State Savings Bank of Scottville, Scottville, Michigan, proposed acquisition of certain assets and assumption of deposit liabilities of the Ludington branch of Great Lakes Bancorp, FSB, Ann Arbor, Michigan — report on competitive factors. Submitted, July 20, 1992. Secretary U.S. Bank of California, Auburn, California, proposed merger with 20 branches of Bank of America National Trust and Savings Association, San Francisco, California — report on competitive factors. Submitted, July 24, 1992. Kansas City Wauneta Falls Bank, Wauneta, Nebraska, proposed acquisition of the assets and assumption of the liabilities of Grant Community Federal Credit Union, Grant, Nebraska — report on competitive factors. Submitted, July 20, 1992. EXTENSIONS OF TIME Atlanta Farmers State Bancshares, Irtc., Mountain City, Tennessee — extension to November 7, 1992, to acquire Farmers State Bank. Granted, July 22, 1992. Cleveland Fifth Third Bancorp, Cincinnati, Ohio, extension to October 31, 1992, to acquire First Federal Savings and Loan Association of Lima, Lima, Ohio. Granted, July 23, 1992. Cleveland Fifth Third Bancorp, Cincinnati, Ohio — extension to October 31, 1992, to acquire First Lima National Bank of Lima, Lima, Ohio. Granted, July 23, 1992. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, July 21, 1992. H .2 JULY 20, PAGE 11 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Cleveland First Lima National Bank of Lima, Lima, Ohio — extension to October 31, 1992, to merge with First Federal Savings and Loan Association of Lima. Granted, July 23, 1992. Chicago Firstar Corporation, Milwaukee, Wisconsin — extension to November 27, 1992, to acquire Federated Bank, S.S.B., Wauwatosa, and Federated Insurance Services Corporation, Menomonee Falls, Wisconsin. Granted, July 23, 1992. Atlanta Phenix - Girard Bancshares, Inc., Phenix City, Alabama — extension to October 28, 1992, to acquire Phenix-Girard Bank. Granted, July 22, 1992. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to November 7, 1992, to acquire Peoples Bank of Lakeland, Lakeland, Florida. Granted, July 22, 1992. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Granted, July 24, 1992. extensions to INTERNATIONAL OPERATIONS Secretary First Interstate Overseas Investment, Inc., Los Angeles, California — amendment to Articles of Association. Approved, July 20, 1992. Kansas City Anadarko Bank & Trust Company, Anadarko, Oklahoma — to become a member of the Federal Reserve System. Approved, July 23, 1992. MEMBERSHIP H .2 JULY 20, PAGE 12 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Atlanta — to decrease the current daily minimum fee for the MICR capture service in Atlanta, Miami, and New Orleans. Approved, July 21, 1992. SECURITIES REGULATION Director, BS&R Over-the-counter stocks — revised list of OTC stocks subject to margin requirements, and a list of foreign margin stocks, effective August 10, 1992. Published, July 24, 1992. H .2 JULY 20, PAGE 13 A D D IT IO N S AND CORRECTIONS 1992 TO JULY 24, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Director, BS&R Valley Bank & Trust Co., Salt Lake City, Utah — registration as transfer agent. Withdrawn, July 14, 1992. FEDERAL RESE R V E BANK OF B O S T O N A P P LICATIONS 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 Comment Period Ending Date Application NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet Financial Group, Federal Register Inc., Providence, Rhode Island - 4(c)(8) application to engage in asset management, servicing, and collection activities through Fleet Commercial Finance Corporation 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 ♦♦Rating Definitions : "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE Rating** " F e d e r a l R e s e r v e B a n k of N e w Y o r k 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. 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 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. Week Ending July 25, 1992 NAME OF BANK RATING UBAF Arab American Bank 40 East 52nd Street New York, N.Y. 10022 Satisfactory 1/ 2/ 3J 4/ EXAMINATION DATE January 6, 1992 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 F E D E R A L R E S E R V E B ANK OF P H I L A D E L P H I A SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date NONE. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date NONE. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Meridian Bancorp, Inc., Reading, PA proposes to 8/17/92 engage de novo, through its existing subsidiary, Meridian Securities, Inc., Reading, PA, in underwriting and dealing in government obligations and other securities, pursuant to Section 225.25 (b)(16) of Reg.Y and Section 4(c)(8) of the Bank Holding Company Act. Secretary delegated. 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 RE S E R V E BANK OF P H I L A D E L P H I A 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 24, 1992. 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 NONE. CRA Rating F e d e r a l R e s e r v e B a n k of C l e v e l a n d Applications Bulletin For Week Ending July 25 , 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received OAKAR application from Provident National Bank, Philadelphia, Pennsylvania, on July 21, 1992, to merge with First American Savings, F.A., Jenkintown, Pennsylvania, and Brandywine Savings Bank, PaSA, Dowingtown, Pennsylvania. Received application from KSB Bank, Killbuck, Ohio on July 7, 1992, to merge with The Killbuck Savings Bank Company, Killbuck, Ohio. Received application from The Killbuck Savings Bank Company, (formerly KSB Bank) Killbuck, Ohio, on July 7, 1992, to become a member of the Federal Reserve System. * Not Yet Known # * August 8, 1992 August 8, 1992 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3 (a)(1) application from Central Bancshares, Inc., St. Paris, Ohio, on July 22, 1992, to acquire The First Central National Bank of St. Paris, St. Paris, Ohio. * Not Yet Known # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c) (8) application from PNC Finacial Corp, Pittsburgh, Pennsylvania, on July 21, 1992, to acquire Flagship Financial Corp., Jenkintown, Pennsylvania. * N F # - * Not Yet Known # Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Federal R e s e r v e B a n k of C l e v e l a n d Applications Bulletin For Week Ending July 25, 1992 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received application Indianapolis, Indiana, (t.b.k.a. BIL Holdings, * N F # - from Bank One, Indianapolis, N.A . , to establish an Agreement Corporation Inc.) pursuant to Regulation K.* Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from the date of receipt of the application. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date The National Bank of South Carolina, Charleston, South Carolina, a sub sidiary of NBSC Corporation, Sumter, South Carolina, to merge with First Trident Savings and Loan Association, Charleston, South Carolina, in an Oakar transaction.* Not yet- available. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Bailey Financial Corporation, Clinton, South Carolina, to become a bank holding company through the acquisition of M.S. Bailey & Son, Bankers, Clinton, South Carolina.* 8-14-92 Harbor Bankshares Corporation, Baltimore, Maryland, to become a bank holding company through the acquisition of The Harbor Bank of Maryland, Baltimore, Maryland.* 8-24-92 Section III - Applications Subject to Federal Register Notice Application First Union Corporation, Charlotte, North Carolina, to acquire up to 15% of the voting shares of Southeast Switch, Inc., Maitland, Florida. Wachovia Corporation, Winston-Salem, North Carolina, to acquire up to 15% of the voting shares of Southeast Switch, Inc., Maitland, Florida. Comment Period Ending Date ; 8-10-92* ** 8-10-92** *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Comment Period Ending Date Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending July 24, 1992 Definition of Ratines 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 Ratine Peoples Bank of Danville P. 0. Box 1658 Danville, VA 24543 5-4-92 Satisfactory South Boston Bank 4013 Halifax Street South Boston, VA 24592 5-4-92 Satisfactory Blue Ridge Bank 213 N. Locust Floyd, VA 24091 5-4-92 Satisfactory 5-11-92 Satisfactory Citizens Bank of Virginia P. 0. Box 12588 Arlington, VA 22209 Federal Reserve Bank of Richmond Availability of CRA Public Evaluations--contd. Week ending July 24, 1992 Examination Date Rating Peoples Bank of Virginia 9970 Ironbridge Road Chesterfield, VA 23832 5-11-92 Satisfactory St. Michaels Bank 213 Talbot Street St. Michaels, MD 21663 5-11-92 Satisfactory Federal R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g J u l y 24. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date First National Bancorp Gainesville, Georgia To acquire Citizens Bank, Ball Ground, Georgia, through merger with its parent company, First Citizens Bancorp of Cherokee County, Inc., Ball Ground, Georgia. Not yet available* Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Jefferson Bancorp, Inc. Miami Beach, Florida To engage de novo in accounts receivable financing, mortgage financing, factoring, and servicing loans, and other extensions of credit, pursuant to Section 225.25(b)(1) of Regulation Y. 08-10-92 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ♦Subject to Provisions of the Community Reinvestment Act. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n f or W e e k E n d i n g J u l y 24. 1 992 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 The Peoples Bank and Trust Company Post Office Box 799 Selma, Alabama 36702 (205) 875-1000 Rating Date Outstanding 03-30-92 Federal Reserve Bank of Chicago Section I - Applications Subject to N e w spaper Notice Onl v Type Application Merger/ Branch Cole Taylor Bank Chicago, Illinois Cole Taylor Bank/Yorktown Lombard, Illinois 491 E. Roosevelt Road Lombard, Illinois* Comment P e r i o d Ending Date N - ** S ection II - Applications Subject to Both N e w s p a p e r and Federal Register Notice Comment Period Ending Date Type Application CoC-HC B J S, Inc. West U nion, Iowa Gordon A. Lauer FR - 7-27-92 N - 8-8-92 Y-2 Heartland Bancorp, Inc. El Paso, Illinois First National Bank and Trust Comp a n y in Gibson City Gibson City, Illinois* FR - 7-24-92 N - 7-24-92 Y-2 Firstbank of Illinois Co. Springfield, Illinois First Highland Corp. Highland, Illinois The First National Bank of H i g h l a n d Highland, Illinois* FR - 8-10-92 N - 7-24-92 Y-2 D u n l a p Iowa Holding Co. Dunlap, Iowa Soldier Valley Financial Services, Inc. Soldier, Iowa Soldier Valley Savings B ank Soldier, Iowa* FR - 8-14-92 N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 Brenton B a n k s , I n c Des M o i n e s , Iowa A m e s Financial Corporation Ames, Iowa A m e s Savings Bank, FSB Ames, Iowa 4(c)(8) Continental Mort g a g e Corporation F R - 8-14-92 Maywood, Illinois Continental M ortgage Banking Corporation Maywood, Illinois - business of originating, pro c e s s i n g and funding 1-4 f a m i l y residential m o r tgages . F R - 8-14-92 Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending July 24, 1992. If you are interested in obtaining a copy of the evaluation 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, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group 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. SN-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. BANK NAME/LOCATION EXAMINATION DATE RATINGS -The State Bank of Geneva 22 South 4th Street, Box 108 Geneva, Illinois 60134 (708) 232-3200 4/13/92 NI -Iowa State Bank & Trust Company of Fairfield, Iowa P.O. Box 927 Fairfield, Iowa 52556-0927 (515) 472-3161 4/14/92 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING JULY 24, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Change in control notification involving Schuyler County Bancshares, Inc., Kirksville, Missouri by Randall E. Riley Not yet available Change in control notification involving Schuyler County Bancshares, Inc., Kirksville, Missouri by Rick F. Riley Not yet available * Section 3(a)(3) application by Southwest Bancshares, Inc., Trumann, Arkansas to acquire Caraway Bank, Caraway, Arkansas Newspaper: 9-5-92 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Central Arkansas Bancshares, Inc., Arkadelphia, Arkansas to engage de novo in securities brokerage, through Central Arkansas Securities Inc., Hot Springs, Arkansas Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Stock redemption notification by Schuyler County Bancshares, Inc., Kirksville, Missouri Not applicable Stock redemption notification by Southwest Illinois Bancshares, Inc., Coulterville, Illinois Not applicable Stock redemption notification by Cabot Bankshares, Inc., Cabot, Arkansas Not applicable Section 24A application by Arkansas Bank & Trust Company, Hot Springs, Arkansas to make an additional investment in bank premises Not applicable Section 24A application by UniSouth Banking Corporation, Columbus, Mississippi to make an additional investment in bank premises Not applicable Section 9 application by Bank of Gainesville, Gainesville, Missouri to become a member of the Federal Reserve System Not applicable 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 m eeting com m unity 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f m eeting com m unity credit needs A n institution in this group has a satisfactory record o f ascertaining and helping to m eet 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 im prove record o f m eeting com m unity credit needs A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in meeting com m unity credit needs A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank Bank of Cairo and Moberly July 24, 1992 Examination Date Bank Address P. 0. Box 547 Moberly, Missouri 4-27-92 65270 Examination Rating Satisfactory F E D E R A L R E S ERVE B A N K OF M I N N E A P O L I S Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application None. Section III - Applications Subject to Federal Register Notice Only- Comment Period Ending Date Application Norwest Corporation Mpls, MN To engage de novo in providing investment advisory and manage ment consulting services to in sured depository institutions. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending July 31, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. 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 Second Century Financial Corporation, Perry, Kansas, for prior approval to become a bank holding company through the acquisition of 90.63 percent of the voting shares of the Bank of Perry, Perry, Kansas.* Not Available C.S. Bancshares, Inc., Chillicothe, Missouri, for prior approval to acquire 94.5 percent of the voting shares of Ray County Bank, Richmond, Missouri.* August 5, 1992 P.N.B. Financial Corporation, Kingfisher, Oklahoma, for prior approval to acquire 100 percent of the voting shares of Helena National Bank, Helena, Oklahoma.* August 10, 1992 Decatur Investment, Inc., Oberlin, Kansas, for prior approval to acquire 99.5 percent of the voting shares of State Bank of Atwood, Atwood, Kansas.* August 14, 1992 F.S.B., Inc., Superior, Nebraska, to merge with First Formoso, Inc., Mankota, Kansas, and thereby directly acquire 100 percent of the voting shares of Jewell County Bank, Mankato, Kansas.* August 14, 1992 LoLyn Financial Corporation, Lee's Summit, Missouri, for prior approval to become a bank holding company through the acquisition of 80 percent of the voting shares of Community Bank of Raymore, Raymore, Missouri.* August 14, 1992 Federal Reserve Bank of Kansas City United Missouri Bancshares, Inc., Kansas City, Missouri, through a wholly-owned subsidiary, United Subsidiary, Inc., Kansas City, Missouri, for prior approval to acquire 100 percent of the voting shares of M L Bancshares, Inc., Wichita, Kansas.* August 14, 1992 Patrick T. Rooney, Oklahoma City, Oklahoma, for prior approval to increase his proportionate ownership interest in Charter Bancshares, Inc., Oklahoma City, Oklahoma, by 11.26 percent to 28.10 percent. August 11, 1992 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date None.* *Application is subject to CRA. CRA Public Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 20, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP Oakar Application by Peoples Bancshares, Inc., Belton, TX (Peoples National Bank, Belton, TX), to acquire Bluebonnet Savings Bank, F.S.B., Salado, TX Branch (Previously reported during the week of 7-13-92) 92/08/11 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION Change in Control Notice by Raymond Eugene McDonald, Greenville, TX, to acquire an interest in Colonial Bancshares of Greenville, Inc., Greenville, TX N/A ♦Section 3(a)(1) application by Harlingen Bancshares, Inc., Harlingen, TX, to acquire HN Bancshares of Delaware, Inc., Wilmington, DE; Harlingen National Bancshares, Inc., Harlingen, TX; and Harlingen National Bank, Harlingen, TX 92/08/12 ♦Section 3(a)(1) application by HN Bancshares of Delaware, Inc., Wilmington, DE, to acquire Harlingen National Bank, Harlingen, TX 92/08/12 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 Notice by Colonial Bancshares of Greenville, Inc., Greenville, TX, to redeem 145,994 shares of its common stock * 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 20. 1992 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 lowand 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 asatisfactory 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 The First State Bank of Matador P. 0. Box 60 Main Street & Dundee Matador, Texas 79244 92/05/04 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/24/92 Section I - Applications Subject to Newspaper Notice Only A d d Iication Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Kjell H. Qvale, San Francisco, California, to acquire 10,000 newly issued Series B preferred shares of Marin National Bancorp, San Rafael, California. Newspaper: 8/24/92 Fed. Rea.: 8/17/92 John W. and Nancy A. McEvoy, Casa Grande, Arizona, to retroactively increase ownership to 15.05 percent of Sunstate Bancshares, Inc., Casa Grande, Arizona. Newspaper: Not available Fed. Reg.: 8/17/92 Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week ending 7/24/92 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending July 24, 1992. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Bank of Utah 2605 Washington Blvd. Ogden, UT 84402 Tel: (801) 621-8512 Examination Date 4/13/92 Rating* Satisfactory * Under the rating system an institution's CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
@FedFRASER