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ANNOUNCEMENT BOARD OF GOVERN OF THE ST^| FEDERAL RESERVE SYST H. 2, 1996, No. 27 Actions of the Board, its Staff, and the Federal Reserve Banks; tqfc Applications and Reports Received ^During the Week Ending July 5, 1996 PS ACTIONS TAKEN BY THE BOARD Cf/MVERNORS ADVISORY COUNCILS Consumer Advisory Council -- Federal Reserve Board is seeking nominations of qualified individuals for eight appointments. Announced, July 2, 1996. BANK HOLDING COMPANIES Banc One Corporation, Columbus, Ohio, CoreStates Financial Corp, Philadelphia, Pennsylvania, PNC Bank Corp., Pittsburgh, Pennsylvania, KeyCorp, Cleveland, Ohio, and National City Corporation, Cleveland, Ohio -- application to engage in certain data processing activities through their subsidiary, Electronic Payments Services, Inc., Wilmington, Delaware. Approved, July 1, 1996. ENFORCEMENT Cedar Vale Bank Holding Company, Inc., Wellington, Kansas -- final decision and combined order to cease and desist and of assessment of civil money penalty against W. C. Long, Jr., an institutionaffiliated party. Authorized, July 1, 1996. First Bancorp of Oklahoma, Inc., Tonkawa, Oklahoma, and Louis A. Weingart -- written agreement dated June 30, 1992, terminated May 6, 1996.. Announced, July 1, 1996. Merchants Bancshares, Inc., Burlington, Vermont -written agreement dated February 18, 1994, terminated June 3, 1996. Announced, July 1, 1996. Somerset Trust Company, Somerset, Pennsylvania -order of prohibition against Mark E. Marteeny, a former officer. Announced, July 3, 1996. RESERVE BANK OPERATIONS Audit -- report by an independent accounting firm certifying the combined statement of condition of the Federal Reserve Banks and related statements of income and change in capital as of December 31, 1995. Approved, July 2, 1996. H.2 J U L Y 1, 1996 PAGE 2 TO J U L Y 5, 1996 A C T I O N S TAK E N BY THE S T A F F A N D T HE F E D E R A L R E S E R V E B ANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Atlanta Bank of Nashville, Nashville, Tennessee -- to establish a mobile branch at 401 Church Street. Approved, July 3, 1996. Atlanta Blackshear Bank, Blackshear, Georgia -- to establish a branch at 528 Memorial Drive CU.S. 1 South), Waycross, Georgia. Approved, July 1, 1996. New York European American Bank, New York, New York - - t o establish a limited purpose branch at 400 Oak Street, Hempstead, New York. Approved, July 1, 1996. San Francisco Farmers & Merchants Bank of Rockford, Spokane, Washington - - t o establish a branch at 3010 South Southeast Boulevard. Approved, July 1, 1996. St. Louis First Bank of Arkansas, Jonesboro, Arkansas -- to establish a branch at 1525 South Caraway Road. Approved, July 2, 1996. Atlanta First Newton Bank, Covington, Georgia - - t o establish a branch at 1143 West Avenue, Conyers, Georgia. Approved, July 1, 1996. Philadelphia Madison Bank, Blue Bell, Pennsylvania -- to establish a branch at 600 West Lancaster Avenue, Wayne, Pennsylvania. Approved, July 5, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch in the Tops Market Inc., 352 West Genese Street, Auburn, New York Approved, July 1, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch in the Tops Market Inc., 830 Consumer Square Plaza, Big Flats, New York. Approved, July 1, 1996. H. 2 J U L Y 1, 1996 PAGE 3 TO J U L Y 5, 1996 A C T I O N S T A K E N BY THE S T A F F A N D THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC St. Louis Springdale Bank & Trust, Springdale, Arkansas - - t o establish a branch at 408 West Emma Avenue. Approved, July 1, 1996. BANK HOLDING COMPANIES Atlanta ABC Bancorp, Moultrie, Georgia - - t o merge with Central Bankshares, Inc., Cordele, Georgia, and acquire Central Bank 8 Trust . Approved, July 5, 1996. San Francisco Atlas Holdings Group, Beverly Hills, California -registration as transfer agent. Withdrawn, July 2, 1996. Kansas City Citizens Holding Corporation Employee Stock Ownership Plan, Keenesburg, Colorado - - t o acquire shares of Citizens Holding Corporation. Approved, July 3, 1996. Director,BS&R Colonial BancGroup, Inc., Montgomery, Alabama -request for relief from a commitment made in connection with its applications to acquire Colonial Bank of Tennessee, Ardmore, Tennessee, FirstAmFed Corporation, Huntsville, Alabama, and First American Savings and Loan Association. Granted, July 3, 1996. Kansas City Commercial Guaranty Bankshares, Inc., Shawnee Mission, Kansas -- notification of intent to engage de novo in providing investment or financial advice and management consulting services through C. G. Capital Corporation, Overland Park, Kansas. Permitted, July 3, 1996. Kansas City Community First Bancorp, Inc., Denver, Colorado -notification of intent to engage de novo in lending activities. Permitted, July 3, 1996. San Francisco Corvel Corporation, Irvine, California -registration as transfer agent. Withdrawn, July 2, 1996. H.2 J U L Y 1, 1996 PAGE 9 TO J U L Y 5, 1996 A C T I O N S TAKEN 3Y THE STAFF A ND THE F EDERAL R E S E R V E BANKS U N D E R DE L E G A T E D A U T H O R I T Y BANK HOLDING COMPANIES Boston Emerald Isle Bancorp, Inc., Quincy, Ma = achusetts -notification of intent to acquire The Hibernia Savings Bank. Permitted, July 5, 1996. Secretary First United Bancshares, Inc., El Dorado, Arkansas -to acquire Carlisle Bancshares, Inc., Citizens Bank and Trust Company; First Bank of Arkansas, Brinkley; and Hazen First State 3ank, Kazan, Arkansas. Approved, July 2, 1996. Chicago Friendship Bancorp, Friendship, Indiana -notification of intent to purchase the stock of Independent 3ankers Life Insurance Company of Indiana and engage in reinsuring credit-related insurance. Permitted, July 5, 1996. i New York J.P. Morgan & Co. Incorporated, New York, New York -to engage in trust company activities through J.P. Morgan Trust Company of Illinois, Chicago, 111inois. Approved, July 1, 1996. Dallas LNB Financial Corp., Dover, Delaware -- to acquire Liberty National Bank in Paris, Paris, Texas. Approved, July 2, 1996. Dallas Marble Falls National Bancshares, Inc., Marble Falls, Texas -- change in bank control. Returned, July 5, 1996. San Francisco Oregon Metallurgical Corporation, Albany, Oregon -registration as transfer agent. Withdrawn, July 2, 1996. H.2 J U L Y 1, 1996 PAGE 5 TO J U L Y 5, 1996 A C T I O N S T A K E N BY THE S T A F F AND THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Otto Bremer Foundation, St. Paul, Minnesota, and Bremer Financial Corporation -- notification of intent to engage de novo in lending and leasing activities. Permitted, July 5, 1996. Dallas Paris Bancshares, Inc., Paris, Texas -- to acquire LNB Financial Corp., Dover, Delaware, and Liberty National Bank in Paris. Approved, July 2, 1996. San Francisco PCG Management, Inc., Beverly Hills, California registration as transfer agent. Withdrawn, July 2, 1996. San Francisco Public Storage, Inc., Glendale, California -registration as transfer agent. Approved, July 2, 1996. San Francisco Security Pacific (Bank of America) Business Credit, San Diego, California -- registration as transfer agent. Withdrawn, July 2, 1996. Dallas Thera Holding Partners, Ltd., Houston, Texas -- to acquire Citizens Bankers, Inc., Baytown, Texas, Citizens Bankers of Delaware, Inc., Wilmington, Delaware, Baytown State Bank, Baytown, Texas, Citizens Bank & Trust Company, Baytown, Texas, and Pasadena State Bank, Pasadena, Texas. Approved, July 5, 1996. San Francisco Univar Corporation, Seattle, Washington registration as transfer agent. Withdrawn, July 2, 1996. Chicago Vogel Bancshares, Inc., Orange City, Iowa - - t o acquire Ireton Bancorp, Ireton, Iowa, and Security Savings Bank. Approved, July 3, 1996. Director Director, BS&R West Milton Bancorp, Inc., West Milton, Pennsylvania -- registration as transfer agent. Withdrawn, July 3, 1996. H. 2 J U L Y 1, 1996 PAG E 6 TO J U L Y 5, 1996 A C T I O N S TAK E N BY T HE ST A F F A N D THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Whitehall Financial Group, Inc., Los Angeles, California -- registration as transfer agent. Withdrawn, July 2, 1996. BANKS. STATE MEMBER Atlanta Barnett Bank of Southwest Florida, Sarasota, Florida -- request for waiver of application to retain its real estate subsidiaries. Granted, July 1, 1996. CAPITAL STOCK Dallas First Burkburnett Bancshares, Inc., Burkburnett, Texas -- redemption of shares. Approved, July 1, 1996. CHANGE IN BANK CONTROL Atlanta First Commerce Bancorp, Inc., Commerce, Georgia -change in bank control. Permitted, July 1, 1996. Kansas City FirstMorrill Co., Morrill, Nebraska -- change in bank control. Permitted, July 1, 1996. Kansas City Midland Financial Corporation, Casper, Wyoming -change in bank control. Permitted, July 1, 1996. Kansas City RMB Bancshares, Inc., Marcelline, Missouri -- change in bank control. Permitted, July 2, 1996. COMPETITIVE FACTORS REPORTS Richmond Anchor Bank, Myrtle Beach, South Carolina, proposed merger with Anchor Bank of North Carolina, Hempstead, North Carolina -- report on competitive factors. Submitted, July 1, 1996. H.2 JULY 1 , 1996 PAGE 7 TO JULY 5 , 1996 A C T I O N S T A K E N BY T HE S T A F F A N D T HE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Bank of Annapolis, Annapolis, Maryland, proposed merger with Sandy Spring National Bank, Olney, Maryland -- report on competitive factors. Submitted, July 3, 1996. Kansas City Brotherhood Bank & Trust Co., Kansas City,, Kansas , proposed merger with Citizens Bank & Trust, Shawnee, Kansas -- report on competitive factors. Submitted, July 2, 1996. Chicago Farmers Savings Bank, Princeton, Iowa, proposed merger with LeClaire State Bank, LeClaire, Iowa -report on competitive factors. Submitted, July 2, 1996. Kansas City Farmers State Bank in Sterling, Sterling, Kansas, proposed acquisition of the assets and assumption of the liabilities of Bank Chase, Chase, Kansas -report on competitive factors. Submitted, July 2, 1996. Dallas First Bank of Texas, Tomball, Texas -- proposed acquisition of the assets and assumption of the liabilities of the branch at 1408 Houston, Cleveland, Texas, of Bayshore National Bank, La Porte, Texas -- report on competitive factors. Submitted, July 3, 1996. Atlanta First State Bank of Ocilla, Ocilla, Georgia, proposed merger with Mid State Interim Co., Cordele, Georgia -- report on competitive factors. Submitted, July 3, 1996. Dallas Norwest Bank Texas, Austin, N.A., Austin, Texas, proposed merger with Victoria Bank & Trust Company, Victoria, Texas -- report on competitive factors. Submitted, July 3, 1996. San Francisco Western Bank, Los Angeles, California, proposed merger with Monarch Merger Corporation, Laguna Niguel, California -- report on competitive factors. Submitted, July 1, 1996. H .2 JULY 1, 1996 PAGE 8 TO JULY 5 , 1996 A C T I O N S TAKEN BY THE S T A F F AND THE F E D E R A L R E S E R V E BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City Will Rogers Bank, Oklahoma City, Oklahoma, proposed merger with The First Bank, Moore, Oklahoma -report, on competitive factors. Submitted, July 2, 1996. EXTENSIONS OF TIME r Richmond Centura Bank, Rocky Mount, North Carolina -extension to January 18, 1997, to establish a branch at 3400 Crossdaile Drive, Durham, North Carolina. Granted, July 3, 1996. Chicago Midstates Bancshares, Inc., Harlan, Iowa -- extension to October 2, 1996, to engage de novo in acting as principal, agent or broker for credit related insurance and in any insurance agency activities through Midstates Financial Services, Inc. Granted, July 1, 1996. New York Summit Bancorp., Princeton, New Jersey -- extension to October 1, 1996, to acquire UJB Commercial Corp., Chatham, New Jersey, and engage in commercial finance, factoring and servicing of loans. Granted, July 1, 1996. Atlanta Commercial Bank, Harrogate, Tennessee - - t o become a member of the Federal Reserve System. Approved, July 5> 1996. MEMBERSHIP REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee -- minutes of the meeting on May 21, 1996. Published, July 2, 1996. H.2 J U L Y 1, 1996 PAGE 9 ADDITIONS AND CORRECTIONS TO J U L Y 5, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Alton Bancorporation, Alton, Iowa - - t o acquire Hawarden Banking Company, Omaha, Nebraska, and First State Bank. Returned, June 24, 1996. Chicago First State Associates, Inc., Hawarden, Iowa -- to acquire Hawarden Banking Company, Omaha, Nebraska, and First State Bank. Returned, June 24, 1996. Chicago Old O'Brien Bancshares, Inc., Sutherland, Iowa -- to acquire Hawarden Banking Company, Omaha, Nebraska , and First State Bank. Returned, June 24, 1996. CAPITAL STOCK Chicago Hawarden Banking Company, Hawarden, Iowa redemption of shares. Returned, June 24, 1996. fed era l r eser v e bank o f boston a p p l ic a t io n s SECTION I - APPLICATIONSSUBJECT TO NEWSPAPER NOTICE ■ONLY A pplication Comment .Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A pplication Comment Period Ending Date Service Bancorp, MHC, Medway, Massachusetts - 3(a)(1) application to become a mutual bank holding company through the acquisition of Medway Savings Bank, Medway, Massachusetts* Newspaper 7-12-96 Federal Register 7-19-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY A pplication Comment Period Ending Date Cambridge Bancorp, Inc., Cambridge, Massachusetts 4(c)(8) notification to engage in investment advisory activities through t h e ds novo subsidiary, Cambridge Investment Services of NH, Inc., Cambridge, Massachusetts Federal 7-22-96 R e g is te r SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL,REGISTER OR NEWS.EAfiEB,.NOTICE A pplication NONE SECTION V - AVAILABILITY OP CRA PUBLIC EVALUATIONS Institution Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "O" - Outstanding; "S" - Satisfactory; "NH - Needs to Improve; "SNM - Substantial Noncompliance. FEDERAL RESERVE BANK OF NEW YORK C om m ent Period E nding D ate SECTIO N I Applications Subject to N ewspaper ______Notice Only______ Stewardship Financial Corp., Midland Park, New Jersey, to become a bank holding company with respect to Atlantic Stewardship Bank, Midland Park, New Jersey. 1/ 07/13/96 SECTIO N II Applications Subject to Both N ew spaper and Federal Register Notice Notice of Change in Bank Control by Robert Abplanalp Grantor Retained Annuity Trust, Bronxville, New York, to retain 16.3 percent of the voting shares of Hudson Valley Holding Corp., Yonkers, New York. N/A SECTION III N onbanking A pplications (subject to Federal Register Notice Only 1 Deutsche Bank, Frankfurt, Germany, to engage through its subsidiary, Deutsche Morgan Grenfell Financial Products Corp., New York, New York, in trading for its own account, for purposes other than hedging, in U.S. government securities, futures on U.S government securities and Eurodollars, and options of such futures. 07/22/96 Arrow Financial Corp., Glen Falls, New York, and its subsidiary, Arrow Vermont Corp., Rutland, Vermont, to engage through their subsidiary, VNB Trust Company, Rut!and,Vermont in trust activities. SECTION IV Applications Not Involving Public Com m ent None. N/A SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. W eek Ending July 6.1996 NAME O F BANK RATING None 1/ Subject to provisions of Community Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available EXAM INATION DATE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION n - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION m - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending July 5, 1996. Identification o f 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f m eeting 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 noncom pliance in m eeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending July 6, 1996) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEW SPAPER NOTICE NONE* * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period ft - Expected to End 30 Days from Date of Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (July 5, 1996) 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 5, 1996. If you are interested in obtaining a copy o f 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 low- and 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 TO IMPROVE: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The Custar State Bank P. O. Box 127 Custar, OH 43511 Rating: Satisfactory Exam Date: 1-29-96 Disclosure Date: 6-30-96 The Ohio Bank 236 South Main Street Findlay, OH 45840 Rating: Outstanding Exam Date: 2-20-96 Disclosure Date: 7-5-96 F e d e r a l R e s e r v e B a n k of R i c h m o n d Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Summit Financial Corporation, Greenville, South Carolina, to acquire the assets of Academy Finance, Inc., Lake City, South Carolina, and engage in consumer finance activities. 7-6-96 Centura Bank, Rocky Mount, North Carolina, for prior approval to merge with FirstSouth Bank, Burlington, North Carolina.* 8-5-96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date FNB Bancshares, Inc., Gaffney, South Carolina, for prior approval to become a bank holding company with respect to First National Bank of the Carolinas, Gaffney, South Carolina (an organizing bank).* 7-29-96 Key Capital Corporation, Inc., Owings Mills, Maryland, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Key Bank and Trust (successor to Key Federal Savings Bank), Randallstown, Maryland.* 7-30-96 Centura Banks, Inc., Rocky Mount, North Carolina, for prior approval to acquire FirstSouth Bank, Burlington, North Carolina.* 8-5-96 Section III - Applications Subject to Federal Register Notice Application Key Capital Corporation, Inc., Owings Mills, Maryland, to make, acquire, or service loans or other extensions of credit (including issuing letters of credit and accepting drafts) for Key Capital Corporation, Inc., or for the account of others, such as would be made by consumer finance, credit card, mortgage, and commercial finance companies. *Application is subject to CRA requirements. Comment Period Ending Date Not Yet Available F e d e r a l R e s e r v e B a n k of R i c h m o n d Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Wachovia Corporation, Winston-Salem, North Carolina, and its subsidiary, Wachovia Capital Markets, Inc., Winston-Salem, North Carolina, to establish a subsidiary to be known as Wachovia International Capital Corporation, to provide financial and tax advisory services and engage in other financial activities at offices located in Zurich, Switzerland, and Atlanta, Georgia. Not yet available. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. F e d e r a l R e s e r v e B a n k of R i c h m o n d Section V - Availability of CRA Public Evaluations Week ending July 5, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating State Bank of Remington, Incorporated 200 John Stone Remington, Virginia 22734 4-15-96 Outstanding Bank of Tazewell County 309 East Main Street Tazewell, Virginia 24651-1029 4-16-96 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending July.5.. .19.2.6 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date United American Bank of Central Florida 07-28-96* Orlando, Florida To establish a branch located at 2488 Semoran Boulevard, Apopka, Florida, known as the Apopka Office. to be The Bank of Nashville 07-13-96* Nashville, Tennessee To establish a mobile branch located at 401 Church Street, Nashville, Tennessee. Section 2 - Applications Subject to Both NewgpapsjL-anfl Federal Register Notice A pplication Comment Period Ending Date First State Bancshares of DeKalb County, Inc. 07-18-96* Fort Payne, Alabama Newspaper After-the-fact change in control notice by Ms. Shari K. Jones and Mr. James T. Jones, Jr., to collectively retain 39.13 percent of the outstanding shares of First State Bancshares of DeKalb County, Inc, Fort Payne, Alabama. South Alabama Bancorporation, Inc. 08-01-96* Mobile, Alabama Federal Register To merge with First Monco Bancshares, Inc., Monroeville, Alabama, and thereby directly acquire The Monroe County Bank, Monroeville, Alabama, pursuant to Section 3 ( a ) (5) of the Bank Holding Company Act. The Maddox Corporation Not yet available* Blakely, Georgia 1-BHC formation, First State Bancshares of Blakely, Blakely, Georgia, and thereby acquire First State Bank of Blakely, Blakely, Georgia. Hibernia Corporation 07-01-96* New Orleans, Louisiana Federal Register To merge with CM Bank Holding Company, Lake Charles, Louisiana, and thereby directly acquire The Calcasieu Marine National Bank of Lake Charles, Lake Charles, Louisiana, pursuant to Section 3(a) (5) of the Bank Holding Company Act. Hibernia Corporation New Orleans, Louisiana To acquire St. Bernard Bank & Trust Company, Arabi, Section 3 ( a ) (3) of the Bank Holding Company Act. 07-01-96* Federal Register Louisiana, pursuant to Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date SouthTrust Corporation Not yet available Birmingham, Alabama Through its wholly-owned subsidiary, SouthTrust Securities, Inc., Birmingham, Alabama, to engage in underwriting and dealing in certain private ownership industrial development revenue bonds and certain unrated municipal revenue bonds, including unrated public ownership and private ownership industrial development bonds, pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act. *Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletinsor Week Ending July 5, 1996 Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Gulf West Banks, Inc. 07-19-96 St. Petersburg, Florida To acquire Liberty Leasing Corporation, Tampa, Florida, and thereby engage in leasing activities, pursuant to Section 4(c) (8) of the Bank Holding Company Act and Section 225.25(b)(5) of Regulation Y. NBN Corp. 07-23-96 Newport, Tennessee To acquire Smoky Mountain Financial Services, Inc., Jefferson City, Tennessee, and thereby engage in consumer finance activities, pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act and Section 225.25(b)(1) of Regulation Y. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending July 5, 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution’s CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution’s CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank None. CRA Rating Date Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending July 5, 1996 Recently Approved Applications Ap p r oval Date ABC Bancorp 07-05-96 Moultrie, Georgia To merge with Central Bankshares, Inc., Cordele, Georgia, and thereby directly acquire Central Bank & Trust, Cordele, Georgia, pursuant to Section 3 ( a ) (5) of the Bank Holding Company Act. Blackshear Bank Blackshear, Georgia To establish a branch located at 528 Memorial Drive Georgia. 07-02-96 (U.S. 1 South), Waycross, First Commerce Bancorp 07-01-96 Commerce, Georgia After-the-fact notification by Mr. Lamartine G. Hardman, III, to retain .6 percent of the outstanding shares of First Commerce Bancorp, Inc., Commerce, Georgia. The acquisition increased Mr. Hardman's total ownership to 19.8 percent. First Newton Bank 07-02-96 Covington, Georgia To establish a branch located at 1143 West Avenue, Conyers, Georgia, to be known as the West Avenue Branch. Commercial Bank 07-05-96 Harrogate, Tennessee To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date lyge Application Branch Baylake Bank Sturgeon Bay, Wisconsin Glendale Crossing Shopping Center, Intersection of Glendale and Velp Avenue Green Bay, Wisconsin NP - 7-5-96 Merger/Branch DeMotte State Bank DeMotte, Indiana Hebron, Indiana branch of First Chicago/NBD Bank, N.A. Indianapolis, Indiana 507 South Main Street Hebron, Indiana NP - 7-12-96 Branch F&M Bank Kaukauna, Wisconsin 1901 East Main Street Little Chute, Wisconsin NP - 7-18-96 Membership Ossian State Bank Ossian, Iowa NP - 7-15-96 NP - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Ijpe Application 3(a)(5) First Merchants Corporation* Muncie, Indiana Randolph County Bancorp Winchester, Indiana Randolph County Bank Winchester, Indiana FR - 7-15-96 NP - 7-9-96 3(a)(3) North Shore Community Bancorp, Inc.* Lake Forest, Illinois Lake Forest Bancorp, Inc. Lake Forest, Illinois Lake Forest Bank and Trust Company Lake Forest, Illinois Hinsdale Bancorp, Inc. Hinsdale, Illinois Hinsdale Bank and Trust Company Libertyville Bancorp, Inc. Libertyville, Illinois Liberty ville Bank and Trust Company Liberty ville, Illinois FR - 7-8-96 NP - 7-7-96 3(a)(3) Fortress Bancshares, Inc.* Cresco, Iowa Fortress Holdings, Inc. Hartland, Wisconsin Houston Security Bank Houston, Minnespolis Westby-Coon Valley State Bank Westby, Wisconsin FR - 7-15-96 NP - 6-21-96 3(a)(3) Alton Bancorporation* Alton, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(1) First State Associates, Inc.* Hawarden, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 3)a)(3) Old O’Brien Bancshares, Inc.* Sutherland, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 3(a)(1) Community Central Bank Corporation* Mount Clemens, Michigan Community Central Bank Mount Clemens, Michigan (in organization) FR - 6-28-96 NP - 6-15-96 3(a)(1) Farmers State Bancshares, Inc.* Mason City, Iowa Farmers State Bank Northwood, Iowa FR - 7-19-96 NP - 7-22-96 3(a)(3) Great Lakes Financial Resources, Inc. ESOP* Homewood, Illinois Great Lakes Financial Resources, Inc. Homewood, Illinois Bank of Homewood Homewood, Illinois Bank of Matteson Matteson, Illinois First National Bank of Blue Island Blue Island, Illinois FR - 7-12-96 NP - 7-16-96 3(a)(1) Community Holdings Corporation* Palos Hills, Illinois First State Bank and Trust Company of Palos Hills Palos Hills, Illinois FR - 8-1-96 NP - ** NP. ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type. Application 3(a)(3) Hills Bancorporation* Hills, Iowa Hills Bank Kalona Kalona, Iowa (in organization) FR - 7-8-96 NP - 6-22-96 3(a)(3) Landmark Financial Group, Inc.* Belvidere, Illinois Alpine Bancorporation, Inc. Rockford, Illinois Alpine Bank of Illinois Rockford, Illinois FR - 7-8-96 NP - 7-7-96 3(a)1) St. Joseph Capital Corporation* South Bend, Indiana St. Joseph Capital Bank Mishawaka, Indiana (in organization) FR - 7-26-96 NP - ** 3(a)(1) Lewis Family Partners, L.P.* Morris, Illinois Illinois Valley Bancorp, Inc. Morris, Illinois Grundy County National Bank Morris, Illinois 3(a)(3) Country Bank Shares Corporation* Mount Horeb, Wisconsin Belleville Bancshares Corporation Belleville, Wisconsin Belleville State Bank Belleville, Wisconsin FR - 8-1-96 NP _ ** PR _ ** NP - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Im Application 4(c)(8) North Shore Community Bancorp, Inc. Lake Forest, Illinois Crabtree Capital Corporation Schaumburg, Illinois FR - 7-8-96 4(c)(8) Libertyville Bancorp, Inc. Lake Forest, Illinois to engage de novo in making and servicing loans FR - 7-3-96 4(c)(8) UnionBancorp, Inc. Streator, Illinois LaSalle County Collections, Inc. Ottawa, Illinois FR - 7-8-96 4(c)(8) Bank of Montreal Montreal, Canada Multinet International Bank New York, New York PR . ** 4(c)(8) First Chicago NBD Corporation Chicago, Illinois Multinet International Bank New York, New York PR . ** 4(c)(8) Marshall & Ilsley Corporation Milwaukee, Wisconsin EastPoint Technology, Inc. Bedford, New Hampshire FR - 7-12-96 4(c)(8) Pinnacle Banc Group, Inc. Oak Brook, Illinois Financial Security Corp. Chicago, Illinois Security Federal Savings and Loan Association Chicago, Illinois PR . ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Hawarden Banking Company Omaha, Nebraska To redeem 163.89 shares of its common stock Federal Reserve Bank of Chicago Section V - Availability of CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank o f 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 05, 1996. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratines 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 has a needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilies. BANK NAME/LOCATION Farmers State Bank of Western Illinois 600 Main Street New Windsor, Illinois (309) 667-273 EXAMINATION DATE RATINGS 61465 Bank of Lenawee 135 East Maumee Street Adrian, Michigan 49221-2703 (517) 265-5144 4/01/96 S 3/25/96 O Federal Reserve Bank of St. Louis FOR THE WEEK ENDING July 5, 1996 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 * Section 3(a)(1) application by Roosevelt Financial Group, Inc., Chesterfield, Missouri, to acquire Community Charter Corporation, St. Louis, Missouri. Newspaper: 8-2-96 * Section 4(c)(8) notification by Roosevelt Financial Group, Inc., Chesterfield, Missouri, to retain ownership of Roosevelt Bank, Chesterfield, Missouri (a federal savings bank). Newspaper: 8-2-96 * Section 3(a)(1) application by The Belknap Partnership, L.P ., Poplar Bluff, Missouri, to acquire Bootheel Bancorp, Inc., Poplar Bluff, Missouri. N/A * Section 3(a)(1) application by Southwest Missouri Bancshares, Inc., Ozark, Missouri, to acquire Southwest Community Bank, Ozark, Missouri (a proposed de novo bank). Newspaper: 7-29-96 * Section 3(a)(3) application by S.Y. Bancorp, Inc., Louisville, Kentucky, to acquire The Austin State Bank, Austin, Indiana. Newspaper: 7-29-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Century Bancshares, Inc., Gainesville, Missouri, to directly engage, de novo, in securities brokerage activities through offices of the holding company’s subsidiary banks. N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None. * This application/notification is subject to CRA. End of Comment Period FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY QF.CRA PUBLIC DISCLOSURES Identification of Ratings: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs 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 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record 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. FOR THE WEEK ENDING July 5, 1996 Name of Bank Farmers and Merchants Bank Bank Address Hannibal, Missouri Examination Date Examination Rating 3/18/96 Outstanding 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 The Ringsmuth Family Limited Partnership, Wakefield, Michigan, for prior approval to become a bank holding company through the acquisition of 83.8% of the voting shares of Wakefield Bancorporation, Inc., Wakefield, Michigan. * August 1, 1996 (Federal Register) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS 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 5, 1996 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution’s CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANKtSl EXAMINED None. DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTIO N T - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATF. None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD EN) j INO DATF. Commerce Bancshares, Inc., Adair, Oklahoma, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Adair State Bank, Adair, Oklahoma.* Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER N O TIC E ONLY APPLICATION COMMENT PERIOD ENDING DATE Community Bancshares Employee Stock Ownership Plan, Neosho, Missouri, and Community Bancshares, Inc., Neosho, Missouri, to engage de novo, through its subsidiary Community Mortgage Company, Neosho, Missouri, in mortgage lending activities. July 19, 1996 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O TICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Federal Reserve Bank of Kansas City 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.* Bank/Location Exam Date CRA Public Date Sheridan State Bank P.O. Box 6268 Sheridan, Wyoming 82801-1668 04/08/96 07/03/96 Outstanding Colorado Mountain Bank P.O. Box 420 Westcliffe, Colorado 81252-0420 03/25/96 07/03/96 Satisfactory First State Bank P.O. Box 427 Fairfax, Oklahoma 74637-0427 04/01/96 07/04/96 Satisfactory First Bank of Fairland P.O. Box 779 Fairland, Oklahoma 74343-0779 04/08/96 07/05/96 Saitsfactory *Application is subject to CRA. CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 1, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by East Texas Bancorp, Inc., Longview, TX, to acquire East Texas Delaware Financial Corporation, Dover, DE, and Community Bank, Longview, TX (Previously reported during the week of 6-24-96) 96/07/26 ♦Section 3(a)(1) application by East Texas Delaware Financial Corporation, Dover, DE, to acquire Community Bank, Longview, TX (Previously reported during the week of 6-24-96) 96/07/26 ♦Section 3(a)(1) application by Ouachita Financial Corp., West Monroe, LA, to acquire Ouachita Independent Bank, Monroe, LA, a proposed new bank (Previously reported during the week of 6-10-96) 96/07/26 ♦Section 3(a)(1) application by Texas Bancorp, Inc., San Angelo, TX, to acquire San Angelo Bancorp, Inc., Dover, DE, and Texas State Bank, San Angelo, TX (Previously reported during the week of 6-17-96) 96/07/18 ♦Section 3(a)(1) application by San Angelo Bancorp, Inc., Dover, DE, to acquire Texas State Bank, San Angelo, TX (Previously reported during the week of 6-17-96) 96/07/18 ♦Section 3(a)(3) application by Nacogdoches Commercial Bancshares, Inc., Nacogdoches, TX, to acquire Security National Bank, Nacogdoches, TX 96/07/26 ♦Section 3(a)(3) application by Incus Company, Ltd., Road Town, Tortola, BVI, to acquire Mercantile Financial Enterprises, Inc., Wilmington, DE, and Mercantile Bank, N.A., Brownsville, TX N/A ♦Section 3(a)(3) application by Laredo National Bancshares, Inc., Laredo, TX, to acquire Mercantile Financial Enterprises, Inc., Wilmington, DE, and Mercantile Bank, N.A., Brownsville, TX N/A Change in Control Notice by Mercedes Bancorp, Inc., Employee Stock Ownership Plan, Mercedes, TX, and Trust Company of Texas, Trustee, Dallas, TX, to acquire an interest in Mercedes Bancorp, Inc., Mercedes, TX N/A Change in Control Notice by Sarah Blaffer Hrdy, Davis, California, to acquire an interest in Texas Gulf Bancshares, Inc., Freeport, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by Security Shares, Inc., Abilene, TX, and its existing nonbank subsidiary, First Independent Computers, Inc., Abilene, TX, to engage in data processing activities through Vision Plus Card Services, L.L.C., Abilene, TX (Previously reported during the week of 6-24-96) 96/07/19 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 1. 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Western Bank 140 E. Motel Ave. P.0. Box 490 Lordsburg, NM 88045-0490 Date of Examination 96/03/25 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/05/96 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Security Bank of Nevada, Las Vegas, Nevada, to establish a branch office at 9003 West Sahara, Las Vegas, Nevada. * Newspaper: 7/18/96 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Western Acquisition Partners, L.P., and Western Acquisition, L.L.C., Buffalo Grove, Illinois, to become bank holding companies by acquiring at least 43.5 percent of Sunwest Bank, Tustin, California. * Newspaper: Not available Fed. Req.: 7/26/96 Monarch Bancorp, Laguna Niguel, California, to acquire Western Bank, Los Angeles, California. * Newspaper: 7/29/96 Fed. Req.: 7/29/96 Castle Creek Capital, L.L.C., Castle Creek Partners Fund-1, L.P., and Eggemeyer Corp,, all of Chicago, Illinois, to become bank holding companies by acquiring 5 percent each of Monarch Bancorp, Laguna Niguel, California. * Newspaper: 7/29/96 Fed. Req.: 7/29/96 Mutual Series Fund, Inc., Short Hills, New Jersey, to acquire up to 24.9 percent of Monarch Bancorp, Laguna Niguel, California. * Newspaper: 7/29/96 Fed. Req.: 7/29/96 Section III -Applications Sub.iect to Federal Register Only Zions Bancorporation, Salt Lake City, Utah, to engage de novo in the activity of installing and operating automated teller machines throughout the United States through Cash Access, Inc., Salt Lake City, Utah. * Subject to CRA. Fed. Reg.: 7/22/96 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/05/96 Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation ma^ be obtained directly from the institution. Institution Location Tehama County Bank P.0. Box 890 Red Bluff, CA 96080-0890 (916) 529-0436 Examination Date 3/04/96 Rating* Satisfactory *Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstandina record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER