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RESEARCH LIBRARY
ANNOUNCEMENT

H.2, 1991, No. 27
of the Board, its Staff, and
BOA R D OF G O V E R N O R S
the Federal R e s e r v e Banks;
OF T H E
federal r E-^Li.L .Applications and R e p o r t s Recei v e d
-v
F E D E R A L R E S E R V E S Y S T E M OFCLEVEfe^fli n g t h e W e e k E n ding J u l y 6, 1991

JUL 18 9 59 A Sections
H

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Lender liability for hazardous substance cleanup
costs — statement by Oliver Ireland before the
Subcommittee on Policy Research and Insurance of
the House Committee on Banking, Finance and Urban
Affairs, July 10, 1991.
Authorized, July 5, 1991.
BOARD OPERATIONS
Division of Reserve Bank Operations and Payment
Systems — appointment of Jeffrey C. Marquardt as
Assistant Director.
Approved, July 1, 1991.
REGULATIONS AND POLICIES
Highly leveraged transactions —
definition.
Proposed, July 1, 1991.

joint supervisory

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
Cleveland

Bank One, Mansfield, Mansfield, Ohio — to establish
a customer-bank communication terminal at 25 West
Hanley Road.
Withdrawn, July 3, 1991.

Kansas City

First State Bank of Taos, Taos, New Mexico — to
establish a branch at Las Colonias, New Mexico.
Withdrawn, July 5, 1991.

San Francisco

Northrim Bank, Anchorage, Alaska — to establish a
mobile branch in the Anchorage area.
Returned, July 3, 1991.




H.2

JULY 1, 1991
PAGE 2

TO

JULY 6, 1991

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

BANK HOLDING COMPANIES




Kansas City

Bushton Investment Company, Inc., Hays, Kansas —
acquire The Bank of Inman, Inman, Kansas.
Returned, July 2, 1991.

Atlanta

Central Bancshares of the South, Inc., Birmingham,
Alabama — proposal that Central Bank of the South,
National Association, Pensacola, Florida, acquire
certain assets and assume certain liabilities of
Citizens & Builders Federal Savings, F.S.B.
Approved, July 5, 1991.

Atlanta

Central Bancshares of the South, Inc., Birmingham,
Alabama — to establish Central Interim Federal
Savings and Loan Association, Pensacola, Florida,
which was formed to acquire certain assets and
assume certain liabilities of Citizens & Builders
Federal Savings, F.S.B.
Approved, July 5, 1991.

Atlanta

Central Bancshares of the South, Inc., Birmingham,
Alabama — proposal that Central Bank of the South,
National Association, Pensacola, Florida, purchase
the assets and assume the liabilities of Central
Interim Federal Savings and Loan Association.
Approved, July 5, 1991.

Richmond

Crestar Financial Corporation, Richmond, Virginia —
to acquire CRFC Interim Savings Bank, which was
formed to acquire certain assets and liabilities of
Heritage Federal Savings Bank.
Approved, July 5, 1991.

to

H.2
JULY 1, 1991
PAGE 3

TO

JULY 6, 1991

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

BANK HOLDING COMPANIES
Kansas City

Lisco State Company? Lisco? Nebraska? and First
Nebraska Bancs? Sidney? Nebraska — to acquire
First National Financial Corporation? Estes Park?
Colorado? and First National Bank.
Approved? July 5? 1991.

Chicago

Salin Bancshares? Inc.? Indianapolis? Indiana — to
engage de novo in credit related insurance through
Admiral Insurance Company.
Returned? July 1? 1991.

Cleveland

S&T Bancorp? Inc.? Indiana? Pennsylvania — to
acquire Vanguard Savings Bank? F.S.B.? Vandergrift?
Pennsylvania.
Approved? July 5? 1991 .

New York

United Counties Bancorporation? Cranford? New
Jersey — to acquire United Interim Federal Savings
Bank? and the Colonia branch of Colonial Federal
Savings Association? Roselle Park? New Jersey.
Approved? July 5? 1991.

BANK MERGERS
Richmond

Crestar Bank? Richmond? Virginia —
CRFC Interim Savings Bank.
Approved? July 5? 1991.

to merge with

SANK PREMISES




Chicago

First Illini Bank? Galesburg? Illinois —
in bank premises.
Approved? July 3? 1991.

New York

Manufacturers Hanover Trust Company? New York? New
York — investment in bank premises.
Approved? July 1, 1991.

San Francisco

Northrim Bank? Anchorage? Alaska —
bank premises.
Returned? July 3? 1991.

investment

investment in

H.2
JULY 1, 1991
PAGE 4

TO

JULY 6, 1991

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

BANK PREMISES
Cleveland

Ohio Citizens Bank* Toledo* Ohio —
bank premises.
Approved* July 3* 1991.

investment in

CAPITAL STOCK
S t . Louis

Montgomery Bancshares* Inc.* Jonesboro* Missouri —
redemption of shares.
Approved* July 1, 1991.

Chicago

Panhandle Aviation* Inc.* Clarinda* Iowa —
redemption of shares.
Returned* July 3* 1991.

CHANGE IN BANK CONTROL
S t . Louis

Benton Bancorp* Inc.* Benton* Kentucky —
bank control.
Permitted* July 3* 1991.

change in

COMPETITIVE FACTORS REPORTS




San Francisco

California Federal Bank, FSB, Los Angeles,
California* proposed purchase of assets and
assumption of liabilities of the Antioch*
California* branch of First Nationwide Bank* A
Federal Savings Bank* San Francisco* California report on competitive factors.
Submitted* July 3* 1991.

Chicago

Farmers State Bank* Markesan* Wisconsin* proposed
merger with State Bank of Fox Lake* Fox Lake*
Wisconsin — report on competitive factors.
Submitted* July 3* 1991.

Chicago

First of America Bank - Indianapolis* Indianapolis*
Indiana* proposed merger with Shelby Federal
Sayings Bank — report on competitive factors.
Submitted* July 3* 1991.

H.2
JULY 1, 1991
PAGE 5

TO

JULY 6, 1991

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

COMPETITIVE FACTORS REPORTS
Chicago

Lincoln Savings Bank, Reinbeck, Iowa, proposed
acquisition of certain assets and assumption of the
liability to pay deposits of State Savings Bank,
Aplington, Iowa — report on competitive factors.
Submitted, July 2, 1991.

Chicago

State Bank of Port Hope, Port Hope, Michigan,
proposed merger with Port Hope Interim Bank —
report on competitive factors.
Submitted, July 2, 1991.

St. Louis

Valley Fidelity Bank & Trust Co., Knoxville,
Tennessee, proposed merger with First Tennessee
Bank, N.A., Memphis, Tennessee — report on
compet itive factors.
Submitted, July 5, 1991.

EXTENSIONS OF TIME




San Francisco

BankAmerica Corporation, San Francisco, California —
extension to divest certain property.
Granted, July 3, 1991.

Richmond

CB&T Financial Corp., Fairmont, West Virginia —
extension to September 30, 1991, to acquire The
Tygarts Valley National Bank, Elkins, West
Virginia.
Granted, July 3, 1991.

Richmond

CB&T Financial Corp., Fairmont, West Virginia —
extension to September 30, 1991, to acquire Bank of
Hundred, Hundred, West Virginia.
Granted, July 3, 1991.

Chicago

Firstbank of Illinois Co., Springfield, Illinois —
extension to October 3, 1991, to acquire Central
Banc System, Inc., Fairview Heights, Illinois,
Central Bank of Fairview Heights, and Farmers &
Merchants Bank of Carlinville, Carlinville,
Illinois.
Granted, July 2, 1991.

H.2
JULY 1, 1991
PAGE 6

TO

JULY 6, 1991

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

EXTENSIONS OF TIME
Atlanta

Peoples Preferred Bancshares, Inc., Colquitt, Georgia
— extension to September 11, 1991, to acquire
Peoples Bank.
Granted, July 6, 1991.

San Francisco

Zions Bancorporation, Salt Lake City, Utah —
extensions to divest certain properties.
Granted, July 1, 1991.

San Francisco

Zions Bancorporation, Salt Lake City, Utah —
extension to divest certain property.
Granted, July 3, 1991.

INTERNATIONAL OPERATIONS
Staff Director
BS&R

Bankers International Corporation, New York, New York
— to make an investment in Bankers Trust
International Limited, London, England.
Permitted, July 2, 1991.

REGULATIONS AND POLICIES




Secretary
FOMC

Federal Open Market Committee —
meeting of May 14, 1991.
Published, July 5, 1991.

policy record for

H.2

ADDITIONS AND CORRECTIONS

JULY 1, 1991
PAGE 7

TO

JULY 6, 1991

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

BANK BRANCHES, DOMESTIC
San Francisco

Vintage Bank? Napa, California — to establish The
Community Development Corporation of Napa Valley.
Approved, June 27, 1991.

BANK HOLDING COMPANIES
Chicago

Seaway Bancshares, Inc., Chicago, Illinois — to
engage de novo in financial and investment advisory
services through Seaway Investment Management
Company.
Returned, June 28, 1991.

COMPETITIVE FACTORS REPORTS




San Francisco

First Hawaiian Bank, Honolulu, Hawaii, proposed
merger with First Interstate B:\nk of Hawaii —
report on competitive factors.
Submitted, June 26, 1991.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION

I ~ APPLICATIONS SUBJECT
NEWSPAPER NOTICE ONLY

Application

TO

Comment Period Ending Date
NONE

S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

Comment Period

K K R Associates, L.P., K K R
P a r t n e r s II, L . P . , a n d
W h i t e h a l l A s s o c i a t e s L.P.,
all of N e w York, N e w Yorknotification pursuant to the
C h a n g e in B a n k C o n t r o l A c t to
acquire m o r e t h a n 10.0% but less
than 25.0% of the o u t s t a n d i n g
voti n g shares of Fleet/ N o r s t a r
F i n a n c i a l Group, Inc.,
Providence, Rhode Island

Newspaper
Federal

Comment
Not

M e r c h a n t s B a n c s h a r e s , Inc. and,
G e n e r a l E d u c a t i o n Fund, I n c . ,
4(c)(8) a p p l i c a t i o n to r e t a i n
u p t o 8% of E a s t e r n B a n c o r p ,
Inc., B u r l i n g t o n , V e r m o n t

07-08-91

TO

Period

Yet

07-08-91

Register

S E C T I O N III - A P P L I C A T I O N S S U B J E C T
FEDERAL REGISTER NOTICE ONLY
Application

Ending Date

Ending

Established

SECTION IV ~ APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE

SECTION V

- AVAILABILITY

OF

NONE
♦Subject




to

CRA

CRA

PUBLIC

EVALUATIONS

Date

Federal Reserve Bank of New York
Comment Period
Ending Date

SECTION I
Applications Subject t o Newspaper
_____________Notice Only__________
The Adirondack Trust Company, Saratoga Springs,
Ne w York to establish an offsite electronic
facility at the State Farm Insurance Office
Complex, 100 State Farm Place, Malta, N e w York.l/

8/1/91

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
The Chase Manhattan Corporation, N e w York, Ne w York to
acquire through its subsidiary, Chase Home Mortgage
Corporation, Tampa, Florida, certain mortgage
servicing rights from Pacific Coast Savings, San
Francisco, California.

N/A

Skandinaviska Enskilda Banken, Stockholm, Sweden to
expand the authority of its indirect wholly-owned
subsidiary, Enskilda Securities I n c . , N e w York, Ne w York
to include the provision of investment advisory services
to institutional customers and to exercise limited
investment discretion on behalf of such customers.
8/5/91
The Fuji Bank, Limited, Tokyo, Japan to engage d e novo,
directly o r indirectly through any of its existing
subsidiaries or subsidiaries yet t o b e formed, in the
operation of a collection agency for the collection of
overdue accounts receivable.




7/29/91

SECTION III (Cont)

Noribanking Applications
(Subject to Federal Register Notice Only)

Comment Period
Ending Date
Barclays PIC and Barclays Bank PIC, both of London,
England, Bay Banks, I n c . , Boston, Massachusetts,
Chemical Banking Corporation, Ne w York, N e w York,
Manufacturers Hanover Corporation, Ne w York, N e w York,
National Westminster Bank PIC, London, England and
NatWest Holdings, I n c . , N e w York, N e w York, Northeast
Bancorp, Inc., Ne w Haven, Connecticut, The Bank of N e w
York Company, Inc., N e w York, Ne w York, The Chase
Manhattan Corporation, Ne w York, Ne w York, HSBC Holdings,
PIC, London, England, The Hongkong and Shanghai Banking
Corporation, Limited, Hong Kong, B.C.C., Kellett NV,
Curacao, Netherlands Antilles, HSBC Holdings BV,
Amsterdam, The Netherlands, and Marine Midland Banks,
I n c . , Buffalo, Ne w York to expand the data processing
activities of their subsidiary, The N e w York Switch
Corporation, Fort Lee, New Jersey, to include the
ownership, installation, operation and maintenance of
automated teller machines and scrip terminals at
supermarket and other merchant locations in N e w Jersey.
7/29/91
Letchworth Independent Banchsares Corporation, Castile,
N e w York to organize and control an interim Federal
savings and loan association, Letchworth Interim
Savings Bank, LeRoy, Ne w York, to facilitate the
acquisition b y its subsidiary bank, The Bank of
Castile, Castile, N e w York, of certain assets and the
assumption of certain liabilities of a branch office
of Anchor Savings Bank, FSB, Hewlett, N e w York.
SECTION IV
Applications Not Involving
________ Public Comment________
Morgan Guaranty International Finance Corporation, N e w
York, Ne w York to m ake an additional investment in
Societe d e Bourse J.P. Morgan S . A . , Paris, France.




N/A

Federal Reserve Bank of New York
Comment Period
Ending Date

Availability of CRA Public Evaluations
Wee k Ending July 6. 1991
NAME O F BANK

EXAMINATION DATE

None.

1/
2
3/

/

4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date m a y b e specified in
the Federal Register notice.
N/ A - Not Available
Date specified in Federal Register notice; a later date m a y be
specified in the newspaper notice.




FEDERAL RESE R V E BANK OF PHILADELPHIA

SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
Swatara Bancorp, Inc., Jonestown, PA to form a 1/
bank holding company by acquiring 100% of Jonestown
Bank and Trust Company, Jonestown, PA, pursuant to
Section 3(a)(1) of the Bank Holding Company Act.
Newspaper:
Federal Register:

7/18/91
7/17/91

Summit Bancorp, Inc., Johnstown, PA seeks approval 1 /
to acquire up to 16.6% of The First National Bank of
Lilly, Lilly, PA pursuant to Section 3(a)(3) of the
Bank Holding Company Act.
7/20/91
N/A*

Newspaper:
Federal Register:

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

None.

1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
For week ending 7/5/91

Institutions
First Sterling Bank
80 West Lancaster Avenue
Devon, PA 19333
(215) 971-1800




Examination Date
4/15/91

F e d e r a l R e s e r v e B a n k of C l e v e l a n d

A p p lica tio n s B u lle tin
F o r Week E n d in g J u l y 6 , 1 9 9 1
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
R e c e i v e d a p p l i c a t i o n o n M a y 28, 1 9 9 1 f r o m
I n d e p e n d e n t S t a t e Bank, Columbus, Ohio, for
p e r m i s s i o n t o e s t a b l i s h a b r a n c h a t 67
P h e a s a n t v i e w Court, Columbus, Ohio.

* July

17,

1991

R e c e i v e d a p p l i c a t i o n o n J u n e 24, 1 9 9 1 , f r o m
C h i p p e w a Va l l e y , Bank, Rittman, Ohio, for
p e r m i s s i o n t o e s t a b l i s h a b r a n c h a t 85
N o r t h P o r t a g e Street, Doyle s t o w n , Ohio.

* J u l y 29,

1991

R e c e i v e d a p p l i c a t i o n o n J u l y 1, 1 9 9 1 f r o m
T h e F i f t h T h i r d Bank, C i n c i n n a t i , Ohio, for
p e r m i s s i o n t o e s t a b l i s h C B C T b r a n c h e s at:
1864 S e y m o u r Avenue, C i ncinnati, Ohio;
1023 S o u t h M a i n Street, C e n t e r v i l l e , Ohio;
619 O a k Street, Cin c i n n a t i , Ohio;
10500 M o n t g o m e r y Road, Cincinnati, Ohio;
9200 N o r t h M a i n Street, Dayton, Ohio;
3822 Colo n e l G l e n n Highway, Fairborne, Ohio;
10132 B u s i n e s s Center Drive, Cincinnati, Ohio;
5445 R i d g e Road, Cincinnati, Ohio; and
3628 M a y f i e l d Road, C l e v e l a n d Heights, Ohio.

* Not Yet Known

SECTION I I - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

NONE

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s
d a t e of r e c e i p t of t h e a p p l i c a t i o n




from

the

#

A p p lic a tio n s B u lle tin
F o r Week E n d in g J u l y 6 , 1 9 9 1

SECTION I I I

- APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

R e c e i v e d S e c tion 4(c)(8) n o t i f i c a t i o n on
J u l y 2, 1 9 9 1 f r o m C o m m u n i t y I n d e p e n d e n t
Bancorp, Inc., W e s t Salem, Ohio, to f o r m
a s u b s i d i a r y t o e n g a g e d e n o v o in c e r t a i n
nonbanking general insurance activities
p e r m i s s i b l e u n d e r S e c t i o n 2 2 5 . 2 5 ( b ) ( 8 ) (iii)
o f R e g u l a t i o n Y.

Not

Yet Known

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER NOTICE

NONE

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s
d a t e of r e c e i p t of t h e a p p l i c a t i o n




from the

#

AVAILABILITY OF CRA PUBLIC EVALUATIONS
(July

6,

19 9 1 )

The following state member banks have been examined by the
F e d e r a l R e s e r v e B a n k of C l e v e l a n d for c o m p l i a n c e w i t h T h e C o m m u n i t y
R e i n v e s t m e n t Act.
A p u b l i c e v a l u a t i o n d o c u m e n t is a v a i l a b l e f r o m
the bank(s)
listed below.
If y o u a r e i n t e r e s t e d in o b t a i n i n g a
copy
of
an
evaluation
document,
please
contact
the
bank(s)
directly.




NONE

Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Hildebert F. Criste - Notice of Change in
Control with respect to Bank Maryland Corp,
Towson, Maryland.

4-17-91

CB&T Financial Corp., Fairmont, West
Virginia, to acquire 100% of the voting
shares of Bank of Hundred, Hundred,
West Virginia.*

4-23-91

CB&T Financial Corp., Fairmont, West
Virginia, to acquire 100% of the voting
shares of Tygarts Valley National Bank,
Elkins, West Virginia.*

4-23-91

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

FCNB Corp., Frederick, Maryland, to
acquire three branches of Equitable
Federal Savings Bank, Wheaton, Maryland,
through an interim thrift.**

4-15-91

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

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




F e d e r a l R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n fo r W e e k E n d i n g J u l y
Section

1 - Applications Subject^to
Notice Only

Application

5.

1991

Newspaper

Comment

Period

Ending

Date

Ending

Date

None.
Section 2 - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment

P a r k w a y B a n c o r p , Inc.
Fort Myers, Florida
1-BHC formation, Parkway
Myers, Florida (formerly
Savings B a n k ) .

Not

yet

available*

Bank, Fort
Parkway Federal

E.S. C o n t r o l H o l d i n g S.A.
Luxembourg
1-BHC formation, Espirito
Florida, Miami, Florida.

Section

Period

08-07-91*
Federal Register
Santo

Bank

of

3 - Applications Subject
Register Notice Only

Application

to

Comment

Federal

Period

None.
Section 4 - Applications
Federal R e g i s t e r N o tice or

Not Subject to
Newspaper Notice

Application
Aliant National Corporation
A l e x a n d e r City, A l a b a m a
To m e r g e its w h o l l y - o w n e d t h r i f t subsidiary,
A l i a n t B a n k f o r S a v i n g s , FSB, A l e x a n d e r
City, Alabama, w i t h and into its b a n k subsidiary,
F i r s t N a t i o n a l B a n k of A l e x a n d e r City, A l e x a n d e r
City, Alabama.
Alabama Bancorp
Birmingham, Alabama
Commitment waiver request.

♦Subject




to

Provisions

of

Community

Reinvestment

Act.

Ending

Date

F e d e r a l R e s e r v e Ba n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g J u l y 5.
Section

10

- A v a i l a b i l i t y of C R A P u b l i c

1991

Evaluations

T h e C R A p u b l i c e v a l u a t i o n s of the i n s t i t u t i o n s l i s t e d b e l o w b e came
a v a i l a b l e d u r i n g t h e w e e k e n d i n g J u l y 5, 1 991.
Information about
an i n s t i t u t i o n ' s C R A e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y from the
institution.
F e d e r a l R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g J u l y

Bank
None.




5.

1991

Examination

Date

Federal Reserve Bank of Chicago

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Application
Branch

The Friendship State Bank
Friendship, Indiana
State Road 129
Cross Plains, Indiana*

N

- 7-20-91

Branch

Chemical Bank and Trust Company
Midland, Michigan
Chemical Bank Gladwin Co.
Beaverton, Michigan
245 East Cedar Avenue
Gladwin, Michigan*

N

- **

Branch

Chemical Bank and Trust Company
Midland, Michigan
Chemical Bank Michigan
Clare, Michigan
127 N. 2nd Street
Harrison, Michigan*

N

- **

Branch

Chemical Bank Bay Area
Bay City, Michigan
Chemical Bank Gladwin Co.
Beaverton, Michigan
245 East Cedar Avenue
Gladwin, Michigan*

N

- **

Branch

Chemical Bank Bay Area
Bay City, Michigan
Chemical Bank Michigan
Clare, Michigan
127 N. 2nd Street
Harrison, Michigan*

N

- **

Branch

Chemical Bank Michigan
Clare, Michigan
Chemical Bank Gladwin Co.
Beaverton, Michigan
245 East Cedar Avenue
Gladwin, Michigan*

N

- **

Branch

Chemical Bank Michigan
Clare, Michigan
Chemical Bank Michigan
Clare, Michigan
127 N. 2nd Street
Harrison, Michigan*

N

- **




Federal Reserve Bank of Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Application
Y-l

First Bancshares, Inc.
Schaumburg, Illinois
First Bank of Schaumburg
Schaumburg, Illinois*

FR - 7-1-91
N - 7-29-91

Y-l

Eastern Illinois Bancorp, Inc.
Casey, Illinois
The Casey National Bank
Casey, Illinois*

FR N -

Y-2

First of Huron Corp.
Bad Axe, Michigan
The State Bank of Port Hope
Port Hope, Michigan*

FR - 7-8-91
N - 7-7-91

Y-l

Bank Management Group, Ltd.
Manchester, Iowa
First Winthrop Bancorporation, Inc.
Winthrop, Icwa
Peoples State Bank
Winthrop, Icwa*

FR - 6-5-91
N - 7-4-91

CoC

Byron Bancshares, Inc.
Byron, Illinois
Ben and Gail Barton

FR - **
N - **

7-8-91
7-10-91

Section III - Applications Subject to Federal Register
Notice Only
Garment Period
Ending natg

Type

Application

4(c)(8)

First Chicago Corporation
Chicago, Illinois
G-W Life Insurance Company
Wheaton, Illinois

FR - **

4(c)(8)

Gary-Wheaton Corporation
Wheaton, Illinois
G-W Life Insurance Company
Wheaton, Illinois

FR - **

4(c)(8)

Old Rent Financial Corporation
Grand Rapids, Michigan
To invest in a lew-income housing project

FR - **

Y-4

Seaway Bancshares, Inc.
Chicago, Illinois
Seaway Investment Management Company
Chicago, Illinois

FR - **




Federal Reserve Bank of Chicago

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

RoS

Byron Bancshares, Inc.
Byron, Illinois

To redeem 2,020 shares of stock from Vale & Carol Nortridge
RoS

Panhandle Aviation, Inc.
Clarinda, Iowa

To redeem 150,000 shares of preferred stock

N

- Newspaper

FR - Federal Register
* _ Subject to Provisions of Community Reinvestment Act
** _ Not available at this time




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 05, 1991.

BANK NAME /LOCATION
NONE




EXAMINATION DATE

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JULY 5, 1991

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

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 4(c)(8) notification by Area
Bancshares Corporation, Owensboro,
Kentucky to engage de novo, through
Area Services, Inc., Owensboro, Kentucky,
in purchasing and servicing of loans

Not yet available

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.




Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JULY 5, 1991

AVAILABILITY OF CRA PUBLIC DISCLOSURES

Bank Name
Landmark Bank of Illinois




Bank Address
P. 0. Box 1987
Fairview Heights, Illinois
62208

Examination Date
4-1-91

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

Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Coalwell Bancorporation
Ogema, MN
To acquire 100% of the Ogema
State Bank
Ogema, MN*

7-17-91
(Federal Register)

Kenneth J. Kopp and Scott A. Kopp
To increase their ownership from
24.99% to 29.75% of the voting
shares of Gale Bank Holding Co.,
Inc., Galesville, Wisconsin.

Not yet available

First North Financial Services, Inc.
Karlstad, MN
To acquire 94% of Karlstad State Bank
Karlstad, MN*

7-29-91
(Federal Register)

Rushmore Financial Services, Inc.
Watertown, SD
To acquire 90% of Rushmore State Bank
Rapid City, SD*

7-29-91
(Federal Register)

Farmers and Merchants Investment Co.
Watertown, SD
To acquire 65% of Rushmore Financial
Services, Inc.
Watertown, SD*

7-29-91
(Federal Register)

William and Sandra Pell
To increase their ownership from 9.86%
to 10.11% of Bancommunity Service
Corporation, St. Peter, MN

7-29-91
(Federal Register)

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)
Comment Period
Ending Date

Application
Thomas Adam
To increase ownership interest from
12.50% to 50% of Blunt Bank Holding
Company, Blunt, SD

7-29-91
(Federal Register)

Max Wishek, Jr.
To increase voting control from 1.5%
to 33.0% of McIntosh County Bank
Holding Company, Inc., Ashley, ND

7-29-91
(Federal Register)

Sally Wishek Erickson
To increase voting control from 7.4%
to 38.9% of McIntosh County Bank
Holding Company, Inc., Ashley, ND

7-29-91
(Federal Register)

Max A. Wishek, Sr. Trust
To acquire control of 27.3% of
the voting shares of McIntosh County Bank
Holding Company, Inc., Ashley, ND

7-29-91
(Federal Register)

Section III - Applications Subject
to Federal Register Notice Only

Application

Comment Period
Ending Date

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




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section V - Availability of
CRA Public Evaluations
week ending July 5, 1991

Bank Name

Citizens State Bank




Address/
City/State

Phone Number/
Examination Date

P. 0. Box 858
Choteau, MT 59422

(406) 466-5743
April 16, 1991

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

C i t i z e n s N a t i o n a l B a n k of A r d m o r e ,
A r d m o r e , O k l a h o m a , for p r i o r a p p r o v a l
fo r m e m b e r s h i p in t h e F e d e r a l R e s e r v e
System.

COMMENT PERIOD ENDING DATE

Not

Available

SECTION I I - APPLICATIONS SOBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING DATE

Kan s a s Bank Corporation, Liberal,
K a n s a s , for p r i o r a p p r o v a l to a c q u i r e
10 0 p e r c e n t o f t he v o t i n g s h a r e s of
S y r a c u s e F i n a n c i a l C o m p a n y , p a r e n t of
F i r s t N a t i o n a l B a n k of S y r a c u s e , b o t h
in S y r a c u s e , K a n s a s . *

Not

Available

W i d m e r O i l C o m p a n y , Inc., S a l i s b u r y ,
M i s s o u r i , for p r i o r a p p r o v a l to
be c o m e a bank holding company through
t h e a c q u i s i t i o n of 100 p e r c e n t of the
v o t i n g s h a r e s of M e r c h a n t ' s an d
F a r m e r ' s Bank, Salisbury, Missouri.*

Not

Available

E x c h a n g e B a n k s h a r e s C o r p o r a t i o n of
K a n s a s , A t c h i s o n , K a n s a s , for prior
a p p r o v a l to a c q u i r e 100 p e r c e n t of
the v o t i n g s h a r e s of First National
B a n k & T r u s t o f L e a v e n w o r t h , bo t h in
Leavenworth, Kansas.*

Not

Available

N i e r B a n c Corporation, Denver,
C o l o r a d o , for p r i o r a p p r o v a l to
b e c o m e a bank holding c ompany through
t h e a c q u i s i t i o n of 100 p e r c e n t of the
v o t i n g s h a r e s of C a s t l e R o c k
I n d u s t r i a l Bank, C a s t l e Rock,
Colorado.*

Not

Available

SECTION I I I

- APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY

APPLICATION

None.




COMMENT

PERIOD

ENDING DATE

Federal Reserve Bank of Kansas City

SECTION IV - APPLICATIONS NOT SOBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION

M o u n t H o p e B a n c s h a r e s , Inc., M o u n t
H o p e , K a n s a s , for a p p r o v a l to r e d e e m
1 4 0 s h a r e s of its o w n v o t i n g c o m m o n
stock.

SECTION X - AVAILABILITY OF CRA PUBLIC EVALUATIONS
EXAMINATION

BANK/LOCATION

S e c u r i t y S t a t e B a n k of B a s i n
P.O. B o x 531
Basin, WY
82410-0531

April

15,

The Bank
Four Elm
Colorado

April

8,

at Broa d m o o r
Avenue
Springs, CO

*Application




is s u b j e c t

80906

to C R A

DATE

1991

1991

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY I, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP

APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

** NOTICE EXP

APPLICATION
None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

APPLICATION

NOTICE EXP

Section 4(c)(8) de novo notification by
The First National Bankshares, Inc., Tucumcari, NM, to
acquire First Security Trust Company, Tucumcari, NM
(to engage in trust activities)

N/A

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JULY 1, 1991

Bank

Date of Examination

None.

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY
N/A - NOT AVAILABLE AT THIS TIME.




FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 7/05/91

Section I - Applications Subject to Newspaper Notice Only
A d d !ication

Comment Period Ending Date

First Interstate Bank of California, Los
Angles, Califonria, to establish a branch
office in the vicinity of the intersection of
University Avenue and La Mesa Boulevard,
La Mesa, California. *

Newspaper:

7/26/91

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Central Pacific Bank ESOP, Honolulu, Hawaii,
to increase its ownership in CPB, Inc.,
Honolulu, Hawaii, from 8.34 to 10.56 percent.

Newspaper:

Not available

Fed. Reg.:

7/29/91

Section III - Applications Subject to Federal Register Notice Only
National Bancorp of Alaska, Anchorage,
Alaska, to engage de novo, directly, in
making and servicing loans and underwriting
and dealing in government obligations and
money market instruments.

Fed. Reg.:

7/29/91

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
U.S. Bancorp, Portland, Oregon, to convert (through OAKAR amendment merger)
all but one branch office of Heart Federal Savings and Loan Association into
U.S. Bank of California, Humboldt, California.




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

Week ending 7/05/91
Section V - Availability of CRA Public Evaluations
Information about a particular institution's CRA evaluation may be obtained
directly from the institution.
Institution

Location

Pioneer Bank

110 East Wilshire Avenue
Fullerton, CA
92631
Tel: (714) 773-0600

4/01/91

Garfield Bank

2417 West Whittier Blvd.
Montebello, CA
90640
Tel: (213) 726-1411

4/01/92

* Subject to CRA




Examination Date

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