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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;
t f Applications and Reports Received
qc
^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 BS&R
Director,

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 O NEW
R
S.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 . . 9 2 6
. 1..
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

Newgpapsj- n l Federal Register Notice
Laf
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

Tp
ye

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.





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