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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1994, No. 24
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending June 11, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Consumer credit issues -- statement by Governor
Lindsey before the Subcommittee on Consumer Credit
and Insurance of the House Committee on Banking,
Finance and Urban Affairs, June 9, 1994.
Authorized, June 7, 1994.
BANK HOLDING COMPANIES
Chase Manhattan Corporation, New York, New York - - t o
engage de novo in underwriting and dealing in bankineligible securities on a limited basis through
Chase Securities, Inc., New York, New York.
Permitted, June 6, 1994.
Financial Corporation of Louisiana, Crowley,
Louisiana -- to acquire First National Bank of
Crowley, First Crowley Financial Corporation, and
8.7 percent of Progressive Bancorporation, Inc.,
Houma, Louisiana.
Approved, June 8, 1994.
Nations Bank Corporation, Charlotte, North Carolina - to acquire assets and assume liabilities of the
Florida and Georgia branches of California Federal
Bank, F.S.B., Los Angeles, California.
Approved, June 8, 1994.
BANKS. STATE MEMBER
First Bank, Creve Coeur, Missouri -- determination
that First Bank’s investment in the Montgomery
County Bank Community Development Corporation is a
public welfare investment under section 9 of the
Federal Reserve Act.
Approved, June 10, 1994.
BOARD OPERATIONS
Division of Research and Statistics -- appointment of
David Stockman as Deputy Director from Associate
Director.
Approved, June 6, 1994.
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JUNE 6, 1994
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JUNE 10, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BOARD OPERATIONS
Division of Research and Statistics -- appointment of
Martha Bethea as Associate Director from Deputy
Associate Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
Myron Kwast as Associate Director from Assistant
Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
Patrick Parkinson to Associate Director from
Assistant Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
Martha Scanlon to Deputy Associate Director from
Assistant Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
Flint Brayton as Assistant Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
David Jones as Assistant Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
John Rea as Assistant Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
Stephen Rhoades as Assistant Director.
Approved, June 6, 1994.
Division of Research and Statistics -- appointment of
Charles Struckmeyer as Assistant Director.
Approved, June 6, 1994.
Division of research and Statistics -- appointment of
Alice Patricia White as Assistant Director.
Approved, June 6, 1994.
H.2
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JUNE 10, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BOARD OPERATIONS
Division of Research and Statistics -- appointment of
Glenn Canner as Adviser.
Approved, June 6, 1994.
Legal Division -- appointment of Robert deV. Frierson
as Assistant General Counsel.
Approved, June 7, 1994.
Legal Division -- appointment of Katherine H.
Wheatley as Assistant General Counsel.
Approved, June 7, 1994.
ENFORCEMENT
Pioneer Bank, Fullerton, California -- issuance of a
prompt corrective action directive against bank.
Announced, June 9, 1994.
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
Atlanta
Bank of Volusia County. Deland, Florida -- to
establish a loan production office at 1825 Security
First Boulevard, Daytona Beach, Florida.
Approved, June 6, 1994.
Chicago
Comerica Bank, Detroit, Michigan -- to establish an
offsite electronic facility at the 7th Precinct of
the Detroit Police Department, 330 Mack Avenue.
Approved, June 7, 1994.
Richmond
First Bank, Strasburg, Virginia -- to establish a
branch at 3143 Valley Pike, Winchester, Virginia.
Approved, June 10, 1994.
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Philadelphia
Meridian Bank, Reading, Pennsylvania -- to establish
an in-store branch facility at the Festival Foods,
6301 Grayson Road, Harrisburg, Pennsylvania.
Approved, June 7, 1994.
Philadelphia
Orrstown Bank, Shippensburg, Pennsylvania - - t o
establish a remote service facility at the Blue
Mountain Travel Plaza, Route 76 Pennsylvania
Turnpike, Roxbury, Pennsylvania.
Approved, June 6, 1994.
Atlanta
Smyrna Bank & Trust Company, Smyrna, Georgia -- to
establish a branch at 1755 Powder Springs Road,
Marietta, Georgia.
Approved, June 6, 1994.
Philadelphia
Twin Rivers Community Bank, Easton, Pennsylvania -to establish a branch at 61 North Third Street.
Approved, June 7, 1994.
New York
United Jersey Bank, Hackensack, New Jersey -- to
establish a branch at 335 Ridge Road, South
Brunswick, New Jersey.
Approved, June 8, 1994.
New York
United Jersey Bank, Hackensack, New Jersey -- to
establish an offsite electronic facility at Lehman
Brothers Inc., 101 Hudson Street, 27th Floor,
Jersey City, New Jersey.
Approved, June 10, 1994.
BANK HOLDING COMPANIES
Philadelphia
Abington Mutual Holding Company, Jenkintown,
Pennsylvania -- to acquire Abington Savings Bank.
Withdrawn, June 7, 1994.
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
New York
Banco Santander, S.A., Santander, Spain -- proposal
that First Fidelity Bancorporation, Lawrenceville,
New Jersey, acquire First Fidelity Bank, FSB,
Beltsville, Maryland, which will purchase certain
assets and assume certain liabilities of four
Maryland branches of John Hanson Federal Savings
Bank, and engage in operating a savings
association.
Approved, June 10, 1994.
Atlanta
Bank South Corporation, Atlanta, Georgia -- to
acquire Citizens Express Company, Gainesville,
Georgia, and The Citizens Bank.
Approved, June 10, 1994.
Boston
Berkshire Financial Services, Inc., Lee,
Massachusetts -- to provide securities brokerage
activities, related securities credit activities,
and mortgage origination services through Berkshire
Financial Centers, Inc.
Withdrawn, June 7, 1994.
Kansas City
Blue Valley Ban Corp., Overland Park, Kansas -- to
acquire certain assets and assume certain
liabilities of the Olathe, Kansas, branch of
Franklin Federal Savings Association, Ottawa,
Kansas.
Approved, June 10, 1994.
Cleveland
Bridgeville Financial Corp., Bridgeville,
Pennsylvania -- to acquire Bridgeville Savings
Bank.
Withdrawn, June 7, 1994.
Atlanta
CBA Bankshares, Inc., Americus, Georgia --to
continue to engage in data processing and data
transmission services through Community Bank Data
Systems, Inc., a newly formed subsidiary.
Approved, June 10, 1994.
Philadelphia
Central Pennsylvania Financial Corp., Shamokin,
Pennsylvania - - t o acquire Central Pennsylvania
Savings Bank.
Approved, June 7, 1994.
H.2
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PAGE 6
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta
Citco Community Bancshares, Inc., Elizabethton,
Tennessee -- to acquire Citco Bancshares, Inc., and
Citizens Bank.
Approved, June 7, 1994.
Atlanta
Citco Community Bancshares, Inc., Elizabethton,
Tennessee -- to acquire Small Business Resources,
Inc., Panama City, Florida.
Approved, June 7, 1994.
Kansas City
Douglass Bancorp, Inc., Kansas City, Kansas -- to
acquire certain assets and assume certain
liabilities of the Kansas City, Kansas, branch of
Franklin Savings Association, Ottawa, Kansas.
Approved, June 10, 1994.
San Francisco
Everfinaneial Corporation, South Pasadena, California
-- to acquire Evertrust Bank, City of Industry,
California.
Returned, June 10, 1994.
Boston
Family Bancorp, Haverhill, Massachusetts -- to
acquire certain assets and assume certain
liabilities of the Andover branch of First Federal
Savings Bank of Boston, Boston, Massachusetts.
Approved, June 10, 1994.
Dallas
First Bancorp, Inc., Denton, Texas -- to acquire
Bedford National Bank, Bedford, Texas.
Approved, June 9, 1994.
Secretary
First Commercial Corporation, Little Rock, Arkansas - to engage de novo in lending activities.
Permitted, June 10, 1994.
Dallas
First Delaware Bancorp, Inc., Dover, Delaware -- to
acquire Bedford National Bank, Bedford, Texas.
Approved, June 9, 1994.
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PAGE 7
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Secretary
First National of Nebraska, Inc., Omaha, Nebraska -proposal that First National Bank of Kansas,
Overland Park, Kansas, acquire certain assets and
assume certain liabilities of Franklin Federal
Savings Association, Ottawa, Kansas.
Approved, June 10, 1994.
Dallas
First State Bancorp, Inc., Carson City, Nevada -- to
acquire First State Bank, Graham, Texas.
Approved, June 7, 1994.
Philadelphia
Fulton Financial Corp., Lancaster, Pennsylvania -- to
acquire Central Pennsylvania Savings Bank,
Shamokin, Pennsylvania.
Approved, June 7, 1994.
Philadelphia
Fulton Financial Corp., Lancaster, Pennsylvania -- to
acquire Central Pennsylvania Financial Corp.,
Shamokin, Pennsylvania.
Approved, June 7, 1994.
Philadelphia
Fulton Financial Corporation, Lancaster, Pennsylvania
- - t o merge certain assets and certain liabilities
of Great Valley Savings Bank, Reading,
Pennsylvania, into The First National Bank of
Danville, Danville, Pennsylvania.
Approved, June 7, 1994.
Philadelphia
Fulton Financial Corporation, Lancaster, Pennsylvania
-- to merge certain assets and certain liabilities
of Great Valley Savings Bank, Reading, Pennsylvania
into Swineford National Bank, Middleburg,
Pennsylvania.
Approved, June 7, 1994.
Philadelphia
Fulton Financial Corporation, Lancaster, Pennsylvania
-- to merge certain assets and certain liabilities
of Great Valley Savings Bank, Reading,
Pennsylvania, into Fulton Bank, Lancaster,
Pennsylvania.
Approved, June 7, 1994.
H.2
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PAGE 8
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Garrett Bancshares Ltd., Bloomfield, Iowa, -- to
engage de novo in the making of a loan to a
principal of North Side of the Square Inc.
Returned, June 9, 1994.
Richmond
Harbor Bankshares Corporation, Baltimore, Maryland -proposal that The Harbor Bank of Maryland acquire
two branches of John Hanson Federal Savings Bank,
Beltsville, Maryland.
Approved, June 10, 1994.
Cleveland
Hebron Bancorp, Inc., Hebron, Kentucky - - t o acquire
Hebron Deposit Bank.
Approved, June 9, 1994.
Secretary
Keystone Financial, Inc., Harrisburg, Pennsylvania -to merge with The Frankford Corporation,
Philadelphia, Pennsylvania, and acquire Frankford
Trust Company.
Approved, June 6, 1994.
St. Louis
Mainline Bankshares of Portland, Inc., Portland,
Arkansas -- to engage in lending activities.
Approved, June 9, 1994.
Richmond
Mellon Bank CMD), Rockville, Maryland -- to establish
an electronic funds transfer facility in Marley
Station Mall at 7900 Ritchie Highway, Glen Burnie,
Maryland.
Approved, June 6, 1994.
Director, BS&R
Midlantic Corporation, Edison, New Jersey -- relief
from commitment made in connection with acquisition
of Heritage Bancorporation, Jamesburg, New Jersey,
and Heritage Bank, N.A.
Granted, June 9, 1994.
Philadelphia
National Penn Bancshares, Inc., Boyertown,
Pennsylvania -- to acquire Investors Trust Company,
Wyomissing, Pennsylvania, and engage de novo in
trust company activities, including those of a
fiduciary, agency or custodial nature.
Approved, June 7, 1994.
H.2
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PAGE 9
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JUNE 10, 1994
ACTIONS TAXEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Norwest Corporation, Minneapolis, Minnesota - - t o
acquire American Land Title Company of Kansas City,
Inc., Kansas City, Missouri.
Approved, June 8, 1994.
Chicago
Peotone Bancorp, Inc., Peotone, Illinois, and
Southwest Bancorp, Inc., Worth, Illinois -- to
engage de novo in data processing services.
Returned, June 6, 1994.
Cleveland
Sewickley Savings Financial Corp., MHC, Sewickley,
Pennsylvania --t o acquire Sewickley Savings Bank.
Withdrawn, June 9, 1994.
Chicago
Talen, Inc., Traer, Iowa -- to acquire Farmers and
Merchants Bank, Greenwood, Wisconsin.
Withdrawn, June 9, 1994.
Dallas
Texas Financial Bancorporation, Inc., Minneapolis,
Minnesota -- to acquire Bedford National Bank,
Bedford, Texas.
Approved, June 9, 1994.
Secretary
Union Planters Corporation, Memphis, Tennessee -- to
acquire Earle Bankshares, Inc., Earle, Arkansas,
and First Southern Bank.
Approved, June 7, 1994.
New York
Waterhouse Investor Services, Inc., New York, New
York -- to acquire Waterhouse National Bank, White
Plains, New York.
Approved, June 10, 1994.
BANK PREMISES
Atlanta
Bankers Bank, Atlanta, Georgia -- investment in bank
premises.
Approved, June 7, 1994.
Kansas City
Community Bank & Trust Company, Oklahoma City,
Oklahoma -- investment in bank premises.
Approved, June 8, 1994.
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PAGE 10
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Chicago
Charter Bancorporation, Inc., Newport, Minnesota -redemption of shares.
Returned, June 6, 1994.
Kansas City
Rose Hill Bancorp, Inc., Rose Hill, Kansas -redemption of shares.
Approved, June 7, 1994.
CHANGE IN BANK CONTROL
Atlanta
Peoples Community Bancshares, Inc., Colquitt, Georgia
-- change in bank control.
Permitted, June 7, 1994.
Kansas City
Rose Hill Bancorp, Inc., Rose Hill, Kansas -- change
in bank control.
Permitted, June 8, 1994.
Dallas
S.B.T. Bancshares, Inc., San Marcos, Texas -- change
in bank control.
Permitted, June 6, 1994.
COMPETITIVE FACTORS REPORTS
Chicago
American Chartered Bank, Schaumburg, Illinois,
proposed merger with American Chartered Bank of
Lake Zurich, Lake Zurich, Illinois, and American
Chartered Bank of Bartlett, Bartlett, Illinois -report on competitive factors.
Submitted, June 8, 1994.
Dallas
Bedford National Bank, Bedford, Texas, proposed
merger with First National Bank of Grapevine,
Grapevine, Texas -- report on competitive factors.
Submitted, June 9, 1994.
Dallas
Brownfield State Bank, Brownfield, Texas, proposed
merger with American State Bank, Lubbock, Texas -report on competitive factors.
Submitted, June 9, 1994.
H.2
JUNE 6, 1994
PAGE 11
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
St. Louis
Citizens Bank, Fulton, Kentucky, proposed acquisition
of the assets and assumption of the liabilities to
pay depositors of the Hickman, Kentucky, branch of
Security Trust Federal Savings and Loan
Association, Knoxville, Tennessee -- report on
competitive factors.
Submitted, June 6, 1994.
Richmond
Citizens Interim Savings and Loan Association of
Mooresville, Inc., Wilson, North Carolina - - t o
acquire through merger Citizens Savings Bank, Inc.,
SSB, Mooresville, North Carolina -- report on
competitive factors.
Submitted, June 6, 1994.
Philadelphia
Covenant Bank For Savings, Haddonfield, New Jersey,
proposed acquisition, via merger, with Landis
Savings Bank, S.L.A., Vineland, New Jersey -report on competitive factors.
Submitted, June 8, 1994.
Kansas City
First National Bank Northeast, Lyons, Nebraska,
proposed merger with The First National Bank of
Hooper, Hooper, Nebraska -- report on competitive
factors.
Submitted, June 7, 1994.
Secretary
First National Bank of Boston, Boston, Massachusetts,
proposed merger with Pioneer Financial, A
Cooperative Bank, Malden, Massachusetts -- report
on competitive factors.
Submitted, June 9, 1994.
Dallas
First National Bank of New Boston, New Boston, Texas,
proposed merger with American National Bank of
Texarkana, Texarkana, Texas -- report on
competitive factors.
Submitted, June 9, 1994.
Dallas
First National Bank of South Texas, Rio Grande,
Texas, proposed merger with New First National Bank
of South Texas, San Antonio, Texas -- report on
competitive factors.
Submitted, June 6, 1994.
H.2
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PAGE 12
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Kansas City
First Security Bank of Wyoming, Rock Springs,
Wyoming, proposed merger with Star Valley State
Bank, Afton, Wyoming -- report on competitive
factors.
Submitted, June 6, 1994.
New York
Fishkill National Bank & Trust Company, Poughkeepsie,
New York, proposed merger with First National Bank
of Rhinebeck, Rhinebeck, New York -- report on
competitive factors.
Submitted, June 9, 1994.
Minneapolis
Home Federal Savings Bank, Sioux Falls, South Dakota,
proposed acquisition of the Brookings South Dakota
office of First Federal Bank, fsb, Beresford, South
Dakota -- report on competitive factors.
Submitted, June 7, 1994.
New York
Hudson City Savings Institution, Hudson, New York,
proposed purchase of certain assets and assumption
of the liability to pay deposits made in the
Rhinebeck Savings Bank, Millerton branch, Village
of Millerton, Town of Northeast, New York -- report
on competitive factors.
Submitted, June 10, 1994.
Chicago
Lafayette Bank and Trust Company, Lafayette, Indiana,
proposed merger with Bank of Reynolds, Reynolds,
Indiana -- report on competitive factors.
Submitted, June 6, 1994.
St, Louis
Meramec Valley Bank, Valley Park, Missouri, proposed
merger with Meramec State Bank, Sullivan,
Missouri -- report on competitive factors.
Submitted, June 7, 1994.
Boston
Sandwich Cooperative Bank, Sandwich, Massachusetts,
proposed acquisition of certain assets and
assumption of certain liabilities in the 1029
Route 28, South Yarmouth, Massachusetts, branch of
Northeast Savings, F.A., Hartford, Connecticut -report on competitive factors.
Submitted, June 6, 1994.
H.2
JUNE 6, 1994
PAGE 13
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
Southern Michigan Bank & Trust, Coldwater, Michigan,
proposed acquisition of assets and assumption of
liabilities of the Athens, Michigan, branch of Old
Kent Bank-Southwest, Kalamazoo, Michigan -- report
on competitive factors.
Submitted, June 8, 1994.
Chicago
Union Federal Savings Bank of Indianapolis, Indiana,
proposed acquisition and merger with Union Federal
Savings Bank of Frankton, Frankton, Indiana -report on competitive factors.
Submitted, June 8, 1994.
EXTENSIONS OF TIME
San Francisco
First Security Corporation, Los Angeles, California - extensions to divest certain properties.
Granted, June 7, 1994.
Minneapolis
Wabasha Holding Company, Inc., Wabasha, Minnesota -extension to September 9, 1994, to engage de novo
in the purchase of participations in loans and / or
loan pools collateralized with leases.
Granted, June 8, 1994.
Atlanta
1st United Bank, Boca Raton, Florida -- extension to
September 9, 1994, to merge with Suburban Bank,
Lake Worth, Florida.
Granted, June 8, 1994.
Richmond
Chesapeake Bank, Kilmarnock, Virginia - - t o become a
member of the Federal Reserve System.
Approved, June 8, 1994.
San Francisco
Evertrust Bank, City of Industry, California -- to
become a member of the Federal Reserve System.
Returned, June 10, 1994.
Richmond
Fauquier Bank, Warrenton, Virginia -- to become a
member of the Federal Reserve System.
Approved, June 9, 1994.
MEMBERSHIP
H.2
JUNE 6, 1994
PAGE 14
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JUNE 10, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
MEMBERSHIP
St, Louis
First Bank of Arkansas, Jonesboro, Arkansas - - t o
become a member of the Federal Reserve System.
Approved, June 8, 1994.
Secretary
First Knoxville Bank, Knoxville, Tennessee -(formerly First National Bank of Knoxville) to
become a member of the Federal Reserve System.
Approved, June 9, 1994.
Kansas City
First Mountain Bank, Leadville, Colorado (formerly
First National Bank of Leadville) - - t o become a
member of the Federal Reserve System.
Approved, June 6, 1994.
Chicago
Illini Bank, Springfield, Illinois -- to become a
member of the Federal Reserve System.
Returned, June 8, 1994.
Richmond
Second Bank & Trust, Culpeper, Virginia - - t o become
a member of the Federal Reserve System.
Approved, June 8, 1994.
RESERVE BANK SERVICES
Director, FRBO
Federal Reserve Bank of San Francisco - - t o modify
the fee and fixed availability schedule for the
collection of Country checks at San Francisco, to
implement a City premium product at the Los Angeles
Branch, and to implement incoming transportation
relays.
Approved, June 7, 1994.
Director, FRBO
Federal Reserve Bank of San Francisco -- to modify
the Fine Sort Inclusion product by reducing the
fees and eliminating the distinction between peak
and off-peak products.
Approved, June 9, 1994.
H.2
JUNE 6, 1994
PAGE 15
ADDITIONS AND CORRECTIONS
TO
JUNE 10, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
GENERAL ACCOUNTING OFFICE
Bank Insider Activities: Actions Needed to Address
Significant Insider Management Deficiencies -letter concerning final report of the General
Accounting Office.
Approved, May 31, 1994.
International Banking: Strengthening the Framework
for Supervising International Banks -- letter
concerning final report of General Accounting
Office.
Approved, May 23, 1994.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Republic Bancorp, Inc., Ann Arbor, Michigan -- to
acquire Horizon Savings Bank, Beachwood, Ohio.
Returned, June 3, 1994.
COMPETITIVE FACTORS REPORTS
Atlanta
Allied Bank of Georgia, Thomson, Georgia, proposed
merger with Bank of Jefferson County, Louisville,
Georgia -- report on competitive factors.
Submitted, May 31, 1994.
Atlanta
Allied Bank of Georgia, Thomson, Georgia, proposed
merger with Citizens Bank and Trust, Evans, Georgia
-- report on competitive factors.
Submitted, June 1, 1994.
Atlanta
Farmers and Merchants Bank, Washington, Georgia,
proposed merger with The Peoples Bank,
Crawfordvile, Georgia -- report on competitive
factors.
Submitted, June 1, 1994.
FEDERAL RESERVE BANK OF BOSTON A PPLIC A TIO N S
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Comment Period Ending Date
Fleet Bank-NH, Nashua, New
Hampshire - Section 9
application to establish
a mobile off-premises
electronic facility to
be operated throughout
the state of New Hampshire*
Newspaper
06-10-94
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
Newspaper
Atlantic Bancorp, Portland,
Maine - 3(a)(1) application
to acquire Citibank (Maine)
N.A., South Portland, Maine*
07-01-94
Federal Register
Not Yet Established
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
*Subject to CRA.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
Rating* *
NONE
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
"N"
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Chemical Bank, New York, New York, to establish a
branch at the New York Hilton Hotel, 1335 Avenue of the
Americas, New York, New York.l/
7/5/94
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Banco Santander, S.A., Santander, Spain to acquire through
its minority owned subsidiary, First Fidelity Bancorporation,
Lawrenceville, New Jersey ("FFB"), 100 percent of the shares
of First Inter-Bancorp Inc. and its subsidiary Mid-Hudson
Savings Bank FSB, both of Fishkill, New York and thereby
operate a savings association and for FFB's subsidiary, First
Fidelity Bank, N.A., New York, Riverdale, New York to merge
with Mid-Hudson Savings Bank FSB.l/
7/8/94 2/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Banco Bilbao Vizcaya, S.A., Bilbao, Spain to retain its
indirect investment in Probursa International Incorporated,
New York, New York, a wholly-owned indirect subsidiary of
of Grupo Financiero Probursa, S.A. de C.V. and thereby engage
in full service brokerage, riskless principal, private
placement and investment advisory activities.
6/30/94
SECTION IV
Applications Not Involving
______ Public Comment______
No n e .
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 neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending June 11f 1994
NAME OF BANK
RATING
EXAMINATION DATE
|U>|tO|H
None.
/
/
/
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 may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
First Executive Bank, Philadelphia, PA to establish a branch to be located at 4190 City
Avenue, Philadelphia, PA, pursuant to Section 9 of the FR Act.
6/30/94
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 NEWSPAPER NOTICE
None.
1/ Subject to provisions of Community Reinvestment Act
* N/A - not yet available.
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 June 10, 1994.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:
institution's
CRA
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
None
Examination Date
CRA Rating
Federal R eserve Bank
of C leveland
P. O. BOX 6387
CLEVELAND. OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending June 11, 1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received prior notice from Integra Bank/Pittsburgh,
Pittsburgh, Pennsylvania, on June 10, 1994, of its
intent to establish CBCT facilities at Uni-Mart,
2858 Washington Road. Bridgeville, Pennsylvania;
9100 Babcock Boulevard, Pittsburgh, Pennsylvania;
and Geneva College, 3200 College Avenue, Beaver Falls,
Pennsylvania.
*July 1, 1994
Received OAKAR application from KeyCorp, Cleveland,
Ohio, on May 27, 1994, to acquire State Home Savings
Bank, FSB, Bowling Green, Ohio, and merge it into
Society Interim Savings Bank, Toledo, Ohio.
*N ot Yet Known #
Received application from the Citizens Savings Bank,
Pemberville, Ohio, on June 6, 1994, to become a member
o f the Federal Reserve System.
*June 15, 1994
Received application from the Fifth Third Bank o f
Western Ohio, Piqua, Ohio, on June 7, 1994, to become
a member of the Federal Reserve System.
*July 3, 1994
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 4 (c )(8 ) application from KeyCorp
Cleveland, Ohio, on May 27, 1994, to acquire State
Home Savings Bank, FSB, Bowling Green, Ohio.
*F: July 8, 1994
Received Section 4 (c )(8 ) application from KeyCorp,
Cleveland, Ohio, on May 27, 1994, to Society Interim
*F: July 8, 1994
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date o f application's receipt
# # - Expected to end approximatley 18 days from date o f application's receipt
Federal R eserve Bank
of C leveland
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387
Savings Bank, Toledo, Ohio.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4 (c )(8 ) application from Provident
Bancorp, Inc., Cincinnati, Ohio, on May 23, 1994, of
its intent to acquire a 50 percent partnership interest
in West Shell Mortgage Company, Cincinnati, Ohio.
June 24, 1994
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
None *
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date o f application's receipt
# # - Expected to end approximatley 18 days from date o f application's receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(June 10, 1994)
/
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 June 10, 1994. If you are
interested in obtaining a copy of an evaluation document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping
to meet the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PROVE: a bank 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COM PLIANCE: a bank in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
The George Mason Bank, Fairfax, Virginia,
to establish a branch at 21037 Triple
Seven Road, Sterling, Virginia.*
7-8-94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
None.
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
First Community Bank, Forest, Virginia,
to invest in the Lynchburg Community
Development Corporation, Lynchburg,
Virginia.
^Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending June 10, 1994
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date____
The Forest Hill State Bank
130 South Bond Street
Bel Air, Maryland 21014
3-21-94
Rating
Outstanding
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 10. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Date
Comment Period Ending
Compass Bancshares, Inc.
Birmingham, Alabama
To acquire certain assets and assume
certain liabilities of First Heights
Bank, F.S.B., Houston, Texas, pursuant
to Section 5(d)(3) of the Federal Deposit
Insurance Act, as amended by the Federal
Deposit Insurance Corporation Improvement
Act of 1991.
07-08-94*
Allied Bankshares, Inc
Thomson, Georgia
Through its wholly-owned subsidiary,
Allied Bank of Georgia, Thomson, Georgia,
to acquire certain assets and assume certain
liabilities of First Savings Bank, F.S.B.,
Thomson, Georgia, pursuant to Section
5(d)(3) of the Federal Deposit Insurance
Act, as amended by the Federal Deposit
Insurance Corporation Improvement Act of 1991.
07-15-94*
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Date
Alabama Bancorp
Birmingham, Alabama
After-the-fact change in control notice
by Elton B. Stephens Charitable Lead
Annuity Trust, to retain 36.6 percent of
the outstanding shares of Alabama Bancorp,
B irmingham, A1abama.
SouthTrust Corporation
Birmingham, Alabama
Along with its subsidiary, SouthTrust
USB, Inc., Birmingham, Alabama, to merge
with University State Bank Corp., Tampa,
Florida, and thereby directly acquire
University State Bank, Tampa, Florida,
pursuant to Section 3 ( a ) (5) of the Bank
Holding Company A c t .
Comment Period Ending
06-27-94*
Federal Register
06-17-94*
Federal Register
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 10. 1994
Section 2 - Applications Subnect to Both
Newspaper and Federal Register Notice
Big Lake Financial Corporation
Okeechobee, Florida
After-the-fact change in control notice by
Edwin E. Walpole, III, to retain 15.44
percent of the outstanding shares of Big
Lake Financial Corporation, Okeechobee,
Florida.
Not yet available*
Allied Bankshares, Inc.
06-30-94*
Thomson, Georgia
Federal Register
To merge with Jefferson Bancshares,
Inc., Louisville, Georgia, and thereby
directly acquire the Bank of Jefferson County,
Louisville, Georgia, pursuant to Section
3 ( a ) (5) of the Bank Holding Company Act.
Allied Bankshares, Inc.
Thomson, Georgia
To acquire Citizens Bank & Trust,
Evans, Georgia, pursuant to Section
3 ( a ) (3) of the Bank Holding Company Act.
06-30-94*
Federal Register
SouthTrust of Mississippi, Inc.
07-08-94*
Biloxi, Mississippi
Federal Register
1-BHC formation, The Jefferson Bank, Biloxi, Mississippi.
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 10. 1994
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
SunTrust Banks, Inc.
06-60-94
Atlanta, Georgia
To engage de novo, through a wholly-owned
subsidiary, SunTrust Capital Markets, Inc.,
Atlanta, Georgia (Company), in certain
nonbank activities.
Specifically, Applicant
proposes to make, service or acquire loans or
other extensions of credit, to act as an
investment or' financial advisor, to lease personal
or real property, to arrange commercial real
estate equity financing, to provide securities
brokerage services and to underwrite and deal
in government obligations and money market instruments,
pursuant to Sections 225.25(b)(1),(4),(5),(14),(15)
and (16) of Regulation Y, respectively.
In addition, Applicant proposes to engage,
through Company, in certain nonbank activities
that have been approved by Board Order, but have not
yet been added to the laundry list of
permissible nonbank activities.
Specifically,
Applicant proposes to engage in the private placement
of all types of debt and equity securities, see
Bankers Trust New York Corporation. 75 Federal Reserve
Bulletin 829 (1989) ("Bankers Trust"):
J.P. Morgan & Company & Company Incorporated. 76
Federal Reserve Bulletin 26 (1990) ("J.P. Morgan"): to
buy and sell all types of debt and equity
securities on the order of customers as a "riskless
principal", see Bankers Trust and J.P. Mor g a n ;
and to underwrite and deal in municipal revenue bonds,
mortgage-related securities, consumer-receivable related
securities and commercial paper, see Citicorp. J.P.
Morgan & Company Incorporated and Bankers Trust
New York Corporation. 73 Federal Reserve Bulletin
473 (1987); Chemical New York Corporation e t . a l ,
73 Federal Reserve Bulletin 731 (1987); as modified
by Order Approving Modification to Section 20 Orders.
75 Federal Reserve Bulletin 751 (1989)
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
First Commerce Corporation
New Orleans, Louisiana
Commitment waiver request.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 10. 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information
about an institution's CRA evaluation may be obtained directly
from the institution.
In connection with the assessment of an
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding
record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory
record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examina t ion
Bank
None.
Rating
Date
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
Oakar
Farmers State Bank of Breckenridge
Breckenridge, Michigan
Hemlock, Michigan Branch of Standard
Federal Bank
Troy, Michigan
N - 6-9-94
Oakar
M&I Mid-State Bank, N.A.
Stevens Point, Wisconsin
Valley Bank Western, F.S.B.
Sparta, Wisconsin
N - **
Member
North Shore Community Bank & Trust Company
Wilmette, Illinois
(in organization)
to become a member of the Federal
Reserve System
N - 6-17-94
Branch
New Asia Bank
Chicago, Illinois
8301 Cass Avenue
•Darien, Illinois
Branch
Westby-Coon Valley State Bank
Westby, Wisconsin
420 Commerce Street
West Salem, Wisconsin
Merger/Branch
Old Kent Bank
Elmhurst, Illinois
Edgemark Bank-Lombard
Lombard, Illinois
Merchandise National Bank
Chicago, Illinois
Edgemark Bank-Rosemont
Rosemont, Illinois
Edgewood Bank
Countryside, Illinois
Oakar
FSB Bancorp, Inc.
Breckenridge, Michigan
Hemlock, Michigan Branch of Standard
Federal Bank
Troy, Michigan
N - 6-9-94
Branch
State Bank of Freeport
Freeport, Illinois
6833 Stalter Drive
Freeport, Illinois
N
N
6-13-94
N - 6-27-94
N - **
5-5-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
T 1pe
Application
Y-2
Baylake Corp.
Sturgeon Bay, Wisconsin
Kewaunee County Banc-shares,
Kewaunee, Wisconsin
State Bank of Kewaunee
Kewaunee, Wisconsin*
FR - 5-31-94
N - 6-15-94
Inc
Y-2
Comerica Incorporated
Detroit, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
Houston, Texas*
FR - 5-31-94
N
- 6-06-94
Y-2
Comerica Texas Incorporated
Dallas, Texas
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
'Houston, Texas*
FR - 5-31-94
N
- 6-06-94
Y-l
Bellevue State Bank Employee
Stock Ownership Plan
Bellevue, Iowa
Bellevue Service Company
Bellevue, Iowa
Bellevue State Bank
Bellevue, Iowa*
FR - 6-20-94
NP - **
CoC
Dysart Bancshares, Inc.
Dysart, Iowa
Gordon H. Griffin Estate
FR - **
NP - **
Y-2
Republic Bancorp, Inc.
Ann Arbor, Michigan
Horizon Savings Bank
Beachwood, Ohio*
FR - 6-13-94
N
- 6-13-94
CoC
Mid America Banks,
Collins, Iowa
Gary Hested
Michael R. Rude
J.C. Van Ginkel
FR
N
1
Inc.
6-09-94
5-18-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-2
Horizon Bancorp Employees Stock
Ownership Plan
Michigan City, Indiana
Horizon Bancorp
Michigan City, Indiana
First Citizens Bank N.A.
Michigan City, Indiana*
FR - 6-20-94
NP - 6-15-94
Y-l
AJJ Bancorp, Inc.
Elkader, Iowa
Central State Bank
Elkader, Iowa*
FR - 6-17-94
NP - **
Y- 1
First National Bancorp
Fa r ragu t , Iowa
First National Bank of Farragut
Farragut, Iowa*
FR - 6-24-94
NP - **
Y-l
Wintrust Investments, Inc.
Lake Forest, Illinois
North Shore Community Bank & Trust
Company
(in organization)*
Wilmette, Illinois
FR - 6-27-94
NP - 6-17-94
Y-2
First of America Bank Corporation
FR - 7-8-94
Kalamazoo, Michigan
NP - **
First Park Ridge Corporation
Chicago, Illinois
Bank of Buffalo Grove
Buffalo Grove, Illinois
First State Bank and Trust Company of Park Ridge
Park Ridge, Illinois*
Y-l
First of America Acquisition Company
FR - 7-8-94
Park Ridge, Illinois
NP - **
First Park Ridge Corporation
Chicago, Illinois
Bank of Buffalo Grove
Buffalo Grove, Illinois
First State Bank and Trust Company of Park Ridge
Park Ridge, Illinois*
Y-l
St. Francis Capital Corporation
Milwaukee, Wisconsin
Valley Bank, East Central
Kewaskum, Wisconsin*
FR
NP
**
**
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-l
Grant Park Bancshares, Inc.
Alton, Illinois
First National Bank of Grant Park
Grant Park, Illinois*
Y-2
Bank of Montreal
FR - 6-17-94
Montreal, Canada
NP - **
Suburban Bancorp, Inc.
Palatine, Illinois
Marengo State Bank
Marengo, Illinois
Suburban Bank of Hoffman-Schaumburg
Schaumburg, Illinois
Suburban Bank of Oakbrook Terrace
Oakbrook Terrace, Illinois
Suburban Bank of Barrington
Barrington, Illinois
Suburban Bank of Cary-Grove
Cary, Illinois
Suburban Bank of Rolling Meadows
Rolling Meadows, Illinois
•Suburban Bank of Westbrook
Westchester, Illinois
Suburban National Bank
Aurora, Illinois
Suburban National Bank of Elk Grove Village
Elk Grove Village, Illinois
Suburban National Bank of Palatine
Palatine, Illinois
State Bank of Woodstock
Woodstock, Illinois
State Bank of Huntley
Huntley, Illinois
Huntley Acquisition Corp.
Huntley, Illinois
Woodstock Acquisition Corp.
Woodstock, Illinois
Suburban Bank of Bartlett
Bartlett, Illinois*
FR - 6-20-94
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Tyne
Application
Y
Northwest Illinois Bancorp,
Inc.
Freeport, Illinois
Tri-State Bank and Trust CompanyEast Dubuque, Illinois*
Y-2
Bankmont Financial Corp.
FR - 6-17-94
New York, New York
NP - **
Harris Bankmont, In c .
Chicago, Illinois
Suburban Bancorp, Inc.
Palatine, Illinois
Suburban Bank of Hoffman-Schaumburg
Schaumburg, Illinois
Suburban Bank Oakbrook Terrace
Oakbrook Terrace, Illinois
Suburban Bank of Barrington
Barrington, Illinois
Suburban Bank of Bartlett
Bartlett, Illinois
•Suburban Bank of Cary-Grove
Cary, Illinois
Suburban Bank of Rolling Meadows
Rolling Meadows, Illinois
Suburban Bank of Westbrook
Westchester, Illinois
Suburban National Bank
Aurora, Illinois
Suburban National Bank of Elk Grove Village
Elk Grove Village, Illinois
Suburban National Bank of Palatine
Palatine, Illinois
State Bank of Woodstock
Woodstock, Illinois
State Bank of Huntley
Huntley, Illinois
Huntley Acquisition Corp.
Huntley, Illinois
Woodstock Acquisition Corp.
Woodstock, Illinois
Marengo State Bank
Marengo, Illinois*
FR - 7-8-94
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-l
Harris Bankmont, Inc.
FR - 6-17-94
Chicago, Illinois
NP - **
Suburban Bancorp, In c .
Palatine, Illinois
Suburban National Bank
Aurora, Illinois
Suburban National Bank of Elk Grove Village
Elk Grove Village, Illinois
Suburban National Bank of Palatine
Palatine, Illinois
State Bank of Woodstock
Woodstock, Illinois
State Bank of Huntley
Huntley, Illinois
Huntley Acquisition Corp.
Huntley, Illinois
Woodstock Acquisition Corp.
Woodstock, Illinois
Marengo State Bank
•Marengo, Illinois
Suburban Bank of Hoffman-Schaumburg
Schaumburg, Illinois
Suburban Bank of Oakbrook Terrace
Oakbrook Terrace, Illinois
Suburban Bank of Barrington
Barrington, Illinois
Suburban Bank of Cary-Grove
Cary, Illinois
Suburban Bank of Rolling Meadows
Rolling Meadows, Illinois
Suburban Bank of Westbrook
Westchester, Illinois
Suburban Bank of Bartlett
Bartlett, Illinois*
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Typ_e
Application
Y-2
First American Bank Group, Ltd.
Fort Dodge, Iowa
Hill Investment Company
Jewell, Iowa
Farmers State Bank
Jewell, Iowa
Story County Bancorporation
Jewell, Iowa
American State Bank
A m e s , Iowa
Agri Bancorporation
Webster City, Iowa
Farmers Bank & Trust
Webster City, Iowa*
Comment Period
Ending Date
FR - **
NP - **
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
Y-4
First Midwest Corporation of Delaware
Elmwood Park, Illinois
Midwest One Mortgage Services, Inc.
Melrose Park, Illinois
FR - 6-6-94
4(c) (8)
Horizon Bancorp
Michigan City, Indiana
Engage in lending activities
FR - 6-15-94
4 (c) (8)
Garrett Bancshares LTD.
Bloomfield, Iowa
Engage in the making of a loan to a
principal of North Side of the Square,
FR - 6-10-94
Inc.
4(c) (8)
First of America Bank Corporation
Kalamazoo, Michigan
First of America Securities, Inc.
Kalamazoo, Michigan - providing full
service brokerage; fin. advice &
'underwriting & dealing in securities
FR - 6-6-94
4 (c) (8)
Firstbank of Illinois Co.
Springfield, Illinois
FFG Trust, Inc.
Springfield, Illinois - engage in trust
company activities
FR - **
Y-4
Bellevue State of Employee Stock
Ownership Plan
Bellevue, Iowa
Bellevue Insurance Agency
Bellevue, Iowa - to engage in insurance
activities
FR - 6-20-94
4(c) (8)
Peotone Bancorp, Inc.
Peotone, Illinois
To engage in data processing services
FR - 6-22-94
4 ( C ) (8)
Southwest Bancorp, Inc.
Worth, Illinois
To engage in data processing services
FR - 6-22-94
4(c) (8)
H P Holding Company
Oak Park, Illinois
Pullman Capital Corporation
Mishawaka, Indiana To act as loan originator, packager,
services & broker
FR
**
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Pete
Type
Application
4 c) (8)
Hawkeye Bancorporation
Des Moines, Iowa
Hawkeye Guaranteed Loans, Inc.Making, acquiring or servicing loans
FR - **
4(c) (8)
ABN AMRO Bank N.V.
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - 6-29-94
4 (c) (8)
ABN AMRO Holding N.V.
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR
4(c) (8)
Stichting Administratiekantoor ABN AMRO
Holding
Amsterdam, The Netherlands
Engage in leasing activities thru
'Lease Plan (USA), Inc.
FR - 6-29-94
4 (c) (8)
Stichting Prioriteit ABN AMRO Holding
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - 6-29-94
Y-4
Northwest Illinois Bancorp, Inc.
Freeport, Illinois
Tri-State Insurance Agency Inc.
East Dubuque, Illinois-to engage in
general insurance agency
FR - 7-8-94
Y-4
Bank of Montreal
Montreal, Canada
Government Pricing Information System,
New York, New York
FR - 6-27-94
Y-4
Y-4
Bankmont Financial Corp.
New York, New York
Government Pricing Information System,
New York, New York
First American Bank Group, Ltd.
Fort Dodge, Iowa
First American Credit Corporation
Fort Dodge, Iowa
Hill Land Company
Fort Dodge, Iowa
6-29-94
In c .
FR - 6-27-94
Inc.
FR
**
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
RoS
Premier Financial Services, Inc.
Freeport, Illinois
Redeem 100% of its Series C Perpetual Preferred Stock
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal
Reserve Bank of Chicago for compliance with the CRA.
The 30business day period the bank has to make the evaluation public has
lapsed during the week ending June 10, 1994. If you are interested
in obtaining a copy of the evaluation document, please contact the
bank(s) directly.
Identification of Ratings
0 -
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 moderateincome
neighborhoods,
in a manner consistent with its
resources and capabilities.
NI - 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 moderateincomeneighborhoods, in a manner
consistent with
its
resources and capabilities.
SN - 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 NAME/LOCATION
EXAMINATION DATE
RATINGS
Liberty Bank
815 Water Street
Box 1268
Milwaukee, WI
53202
(414) 223-8400
2/28/94
S
Port Byron State Bank
124 North Main
P.O. Box 627
Port Byron, IL
61275-0627
(309) 523-2161
3/7/94
S
Markesan State Bank
84 North Bridge
Markesan, WI
53946
(414) 398-2358
3/9/94
S
AVAILABILITY OF CRA PUBLIC EVALUATIONS
Page 2
BANK NAME/LOCATION
Home Trust Savings Bank
Osage, IA
50461
(515) 732-3763
EXAMINATION DATE
3/28/94
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JUNE 10, 1994
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)(5) application by Old National
Bancorp, Evansville, Indiana, to acquire
O.C.B. Bancorp, Paoli, Indiana.
Newspaper:
7-2-94
Section 3(a)(3) application by First Commercial
Corporation, Little Rock, Arkansas, to acquire
Kilgore First Bancorp, Inc., Kilgore, Texas.
Newspaper:
7-10-94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
None.
This application is subject to CRA.
End of Comment Period
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs
o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to im prove record o f meeting community credit needs
A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
None
Bank Address
June 10, 1994
Examination
Date
Examination
Rating
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
Norwest Financial Special Services,
Inc., Des Moines, IA,
To acquire 100% of the voting
shares of Norwest Financial, Inc.
Des Moines, IA, and thereby
indirectly acquire Dial Bank,
Sioux Falls, SD*
Not yet available
Keweenaw Financial Corporation
Hancock, MI
To acquire 100% of the outstanding
shares of Commercial National
Bank of L'Anse
L'Anse, MI*
Not yet available
^Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Application
Comment Period
Ending Date
Norwest Financial Special Services, Inc.
Des Moines, IA
To engage in Consumer Finance;
underwriting, as principal, and
the sale, on an agency basis, of
credit life, accident and health
(disability) and involuntary
unemployment insurance in
connection with extensions of
credit of Norwest and its
subsidiaries; sale, on an agency
basis, of property and credit
related casualty insurance;
sale, on an agency basis, of
insurance products including,
but not limited to, title
insurance; insurance premium
finance; credit cards; data
processing services; accounts
receivable financing (factoring);
lease financing; commercial
lending; operation of a collec
tion agency; and fiduciary
activities through the acquisition
of Norwest Financial, Inc.
Des Moines, IA, and Dial National
Bank, Des Moines, IA
Not yet available
BNCCORP, Inc., Bismarck, ND
To engage in providing to other data
processing and data transmission services,
facilities, data bases or access to such
services, facilities, or data bases by
any technical means, through the acquisi
tion of JMS Systems, Inc., Bismarck, ND
Not yet available
BNCCORP, Inc., Bismarck, ND
To engage de novo in providing management
consulting advice to non-affiliated banks
and nonbank depository institutions. The
activity will be conducted in North Dakota,
South Dakota, Montana and Minnesota
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Application (Continued)
Norwest Corporation
Minneapolis, MN
To engage de novo in real estate
and personal property appraising,
through Norwest Mortgage, Inc.
Des Moines, IA
Comment Period
Ending Date
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Community First Bankshares, Inc.
Fargo, ND
Applicant has requested the
termination of two commitments.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending June 10, 1994
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.
BANK(S) EXAMINED
DATE OF EXAMINATION
CRA RATING
Kanabec State Bank
124 East Maple
Mora, MN 55051-1308
(612) 679-3131
March 7, 1994
Outstanding
The State Bank of Townsend
400 Broadway
Townsend, MT 59644-2332
(406) 266-3176
March 7, 1994
Outstanding
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
OMNIBANK Southeast, Denver, Colorado,
for prior approval to merge with
OMNIBANK Arvada, Arvada, Colorado,
and OMNIBANK University Hills,
Denver, Colorado, and to retain their
b r anches.
COMMENT PERIOD ENDING DATE
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
Commerce Bancshares, Inc., Kansas
City, Missouri, for prior approval to
acquire 100 percent of the voting
shares of Liberty Bancshares, Inc.,
Liberty, Missouri.*
Not Available
Consolidated Equity Corporation,
Purcell, Oklahoma, for prior approval
to become a bank holding company
through the acquisition of First
American Bank and Trust Company,
Purcell, Oklahoma, and American
National Bank, Woodward, Oklahoma.*
Not Available
Erick Bancshares, Inc., Erick,
Oklahoma, for prior approval to
become a bank holding company through
the acquisition of 100 percent of the
voting shares of Erick
Bancorporation, Inc., Erick,
O klahoma.*
June 24, 1994
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
Consolidated Equity Corporation,
Purcell, Oklahoma, for prior approval
to engage in mortgage and secured
lending, bond and certificate of
deposit investments, and fixed asset
ownership.*
COMMENT PERIOD ENDING DATE
Not Available
Federal Reserve Bank of Kansas City
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with
its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with
its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Bank/Location
Exam Date
None.
♦Application is subject to CRA.
CRA Public
Date
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 6, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Change in Control Notice by
First Bancshares of Texas, Inc., Employee Stock
Ownership Plan, Tomball, TX, to acquire an interest in
First Bancshares of Texas, Inc., Tomball, TX
(Previously reported during the week of 94/05/02)
♦Section 3(a)(3) application by
Central Financial Bancorp, Inc., Lorena, TX, to
acquire Bank of Troy, Troy, TX
(Previously reported during the week of 5-2-94)
♦Section 3(a)(3) application by
Central Delaware Financial Bancorp, Inc., Dover, DE,
to acquire Bank of Troy, Troy, TX
(Previously reported during the week of 5-2-94)
** NOTICE EXP
94/06/21
94/05/29
94/05/29
♦Section 3(a)(1) application by
Jones Partners, Ltd., La Feria, TX, to acquire
Lower Rio Grande Valley Bancshares, Inc., La Feria, TX, and
First National Bank of La Feria, La Feria, TX
94/06/30
♦Section 3(a)(1) application by
Heritage Eagle Corp., Red Oak, TX, to acquire
Heritage Bank, Red Oak, TX
94/06/24
Change in Control Notice by
George W. Moody, White Oak, TX, to acquire an interest in
First White Oak Bancshares, Inc., White Oak, TX
N/A
♦Section 3(a)(1) application by
Citizens State Bank Employee Stock Ownership Plan,
Buffalo, TX, to acquire Citizens State Bank, Buffalo, TX
N/A
*Section 3(a)(1) application by
Lindale Delaware Corporation, Dover, DE, to acquire
Lindale State Bank, Lindale, TX
N/A
♦Section 3(a)(3) application by
Longview Financial Corporation, Longview, TX, to acquire
First State Bank, Van, TX
N/A
♦Section 3(a)(3) application by
Longview Delaware Corporation, Dover, DE, to acquire
First State Bank, Van, TX
N/A
♦Section 3(a)(3) application by
Overton Financial Corporation, Overton, TX, to acquire
Longview Delaware Corporation, Dover, DE;
Lindale Delaware Corporation, Dover, DE;
Longview Financial Corporation, Longview, TX;
Longview Bank & Trust Company, Longview, TX; and
First State Bank, Van, TX
N/A
♦Section 3(a)(3) application by
Overton Delaware Corporation, Dover, DE, to acquire
Longview Delaware Corporation, Dover, DE;
Longview Financial Corporation, Longview, TX;
Longview Bank & Trust Company, Longview, TX; and
First State Bank, Van, TX
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
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 JUNE 6. 1994
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
Date of
Examination
Crowell State Bank
100 E. Commerce
P. 0. Box 359
Crowell, Texas 79227
94/02/28
CRA Ratinq
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 6/10/94
Section I - Applications Subject to Newspaper Notice Only
A d d Iication
Comment Period Ending Date
Mid-Peninsula Bank, Palo Alto, California, to
merge with WestCal National Bank, San Mateo,
California. *
Newspaper:
Not available
First Interstate Bank of California, Los Angeles,
California to merge with Sacramento Savings Bank,
and Central Valley Security Company, both of
Sacramento, California. *
Newspaper:
7/08/94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Vancouver Bancorp, Vancouver, Washington, to
become a bank holding company by acquiring
Bank of Vancouver, Vancouver, Washington. *
Newspaper:
6/24/94
Fed. Rea.:
7/05/94
D.L. Evans Bancorp, Burley, Idaho, to become a
bank holding company by acquiring D.L. Evans Bank,
Burley, Idaho. *
Newspaper:
6/13/94
Fed. Req.:
7/07/94
Heritage Oaks Bancorp, Paso Robles, California,
to become a bank holding company by acquiring
Heritage Oaks Bank, Paso Robles, California. *
Newspaper:
6/17/94
Fed. Req.:
7/07/94
San Mateo County Bancorp, San Mateo, California,
to acquire Mid-Peninsula Bank, Palo Alto,
California. *
Newspaper:
Not available
Fed. Req.:
7/05/94
Section III - Applications Subject to Federal Register Notice Only
None
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 6/10/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending June 10, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution
Location
Examination Date
Rating*
None
*Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has
an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs: An institution has
a satisfactory record of ascertaining and meeting the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
Substantial 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities
@FedFRASER