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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H. 2, 1992, NO. 24
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending June 13, 1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Indexed debt — statement by Chairman Greenspan
before the Subcommittee on Commerce* Consumer, and
Monetary Affairs of the House Committee on
Government Operations* June 16* 1992.
Authorized* June 12* 1992.
Condition of U.S. banking system — statement by
Governor LaWare before the Senate Committee on
Banking* Housing* and Urban Affairs, June 10, 1992.
Authorized* June 8* 1992.
ADVISORY COUNCILS
Consumer Advisory Council.
Convened* June 11* 1992.
BANK HOLDING COMPANIES
BancFirst Corp. Zanesville* Ohio — proposal that
,
First National Bank of Zanesville acquire assets
and assume deposit liabilities of the Dresden,
Ohio* branch of Home Savings of America, FSB,
Irwindale * California.
Approved* June 8* 1992.

RESERVE BANK OPERATIONS




Federal Reserve Automation Services —
1992.
Approved* June 10* 1992.

budgets for

H .2
JUNE 8, 1992
PAGE 2

TO

JUNE 12,

1992

ACTIO NS 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
Chicago

Citizens Trust and Savings Bank, South Haven,
Michigan — to provide contractual branch services
with Inter - City Bank, Benton Harbor, Michigan.
Approved, June 11, 1992.

Cleveland

Dollar Savings and Trust Company, Youngstown, Ohio —
to establish customer-bank communication terminals
at 789 North Garland Street; and 3131 Center Road,
Poland, Ohio.
Approved, June 10, 1992.

Richmond

Mellon Bank (MD), Rockville, Maryland — to establish
a branch at 4800 Montgomery Lane, Bethesda,
Maryland.
Approved, June 10, 1992.

Richmond

Miners Exchange Bank, Coeburn, Virginia — to
establish a branch in the Riverdale Development
Area, Wise Street, St. Paul, Virginia.
Approved, June 9, 1992.

Dallas

Security Bank, Ralls, Texas — to establish a branch
at 104 West Main Street, Crosbytown, Texas.
Approved, June 11, 1992.

Richmond

Signet Bank / Virginia, Richmond, Virginia — to
establish a branch at 11 South 12th Street.
Approved, June 12, 1992.

BANK HOLDING COMPANIES




Chicago

Banner Bancorp, Ltd., Birnamwood, Wisconsin —
acquire Eitzen Independents, Inc., Eitzen,
Minnesota, and Eitzen State Bank.
Approved, June 9, 1992.

to

Richmond

CB&T Financial Corp., Fairmont, West Virginia — to
acquire The Westover Bank, Westover, West Virginia.
Approved, June 12, 1992.

H .2
JUNE 8, 1992
PAGE 3

TO

JUNE 12,

1992

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

BANK HOLDING COMPANIES




Atlanta

Citizens Holding Company, Inc., Talladega, Alabama —
to acquire Citizens Bank of Talladega.
Approved, June 8, 1992.

Minneapolis

Community First Bankshares, Inc., Fargo, North Dakota
— to engage in general insurance agency activities
through Community Insurance, Inc.
Approved, June 12, 1992.

Chicago

Financial Institutions, Inc., Verona, Illinois —
acquire Verona Exchange Bank.
Approved, June 9, 1992.

Chicago

Fortress Banshares, Inc., Hartland, Wisconsin — to
acquire W-CV Bancorp, Inc., Westby, Wisconsin, and
Westby-Coon Valley State Bank.
Approved, June 11, 1992.

Chicago

KSAD, Inc., Council Bluffs, Iowa — to acquire
Williamsburg Holding Company, Williamsburg, Iowa;
Security Savings Bank, Williams, Iowa; Nevada
National Co., Omaha, Nebraska; Nevada National
Bank, Nevada, Iowa; Rainwood Corporation, Omaha,
Nebraska; and Valley State Bank, Rock Valley, Iowa.
Approved, June 9, 1992.

Dallas

Lost Pines Bancshares, Inc., Smithville, Texas — to
acquire Lost Pines Bancshares - Delaware, Inc.,
Wilmington, Delaware, and Lost Pines National Bank,
Smithville, Texas.
Approved, June 12, 1992.

Dallas

Lost Pines Bancshares - Delaware, Inc., Wilmington,
Delaware — to acquire Lost Pines National Bank,
Smithville, Texas.
Approved, June 12, 1992.

Chicago

Stichting Prioriteit ABN AMRO Holding, Amsterdam, The
Netherlands; Stichting Administratiekantoor ABN
AMRO Holding, N.V.; ABN AMRO Bank, N.V., and ABN
AMRO North America, Inc., Chicago, Illinois — to
acquire Buram Services, Inc., and engage de novo in
asset management activities.
Returned, June 10, 1992.

to

H .2
JUNE 8, 1992
PAGE 4

TO

JUNE 12,

1992

ACTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Chicago.

Stichting Prioriteit ABN AMRO Holding, Amsterdam, The
Netherlands; Stichting Administratiekantoor ABN
AMRO Holding; ABN AMRO Holding, N.V.; ABN AMRO
Bank, N.V.; and ABN AMRO North America, Inc.,
Chicago, Illinois — to engage de novo in
underwriting and dealing in debt and equity
securities through ABN AMRO Securities, Inc., New
York, New York.
Returned, June 10, 1992.

Atlanta

Swainsboro Bankshares, Inc., Swainsboro, Georgia —
to acquire The Citizens Bank of Swainsboro.
Approved, June 9, 1992.

Cleveland

Whitaker Bank Corporation of Kentucky, Lexington,
Kentucky, and Whitaker Bancshares, Inc — to
acquire Cornat, Inc., Shepardsville, Kentucky, and
The National Bank of Corinth, Corinth, Kentucky.
Approved, June 9, 1992.

BANK PREMISES
Richmond

Centura Bank, Rocky Mount, North Carolina —
investment in bank premises.
Approved, June 10, 1992.

Richmond

Miners Exchange Bank, Coeburn, Virginia —
in bank premises.
Approved, June 9, 1992.

Richmond

State Bank of the Alleghanies, Covington, Virginia —
investment in bank premises.
Approved, June 10, 1992.

investment

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS




Director, BS&R

Participants Trust Company, New York, New York —
relief from commitment not to pay dividends under
certain circumstances.
Granted, June 9, 1992.

H .2
JUNE 8, 1992
PAGE 5

TO

JUNE 12,

1992

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

BANKS. STATE MEMBER
Director, BS&R

Old Kent Bank, Chicago, Illinois —
transfer agent.
Withdrawn, June 12, 1992.

registration as

CAPITAL STOCK
Chicago

Libanco, Inc., Gowrie, Iowa —
Approved, June 12, 1992.

redemption of shares.

CHANGE IN BANK CONTROL
Chicago

Bosshard Financial Group, Inc., La Crosse,
Wisconsin — change in bank control.
Returned, June 12, 1992.

Atlanta

N.W. Services Corporation, Ringgold, Georgia —
change in bank control.
Permitted, June 12, 1992.

COMPETITIVE FACTORS REPORTS




Boston

Century Bank and Trust Company, Somerville,
Massachusetts, proposed merger with The Bank of
Massachusetts, Chelsea, Massachusetts, and Century
North Shore Bank and Trust Company, Lynn,
Massachusetts — report on competitive factors.
Submitted, June 12, 1992.

Atlanta

Chemical Bank Florida (Savings Bank), Palm Beach,
Florida, proposed merger with Chemical Trust
Company of Florida, Boca Raton, Florida — report
on competitive factors.
Submitted, June 10, 1992.

Atlanta

Colonial Bank, Montgomery, Alabama, proposed merger
with Home Federal Savings Bank of Alabama,
LaFayette, Alabama — report on competitive
factors.
Submitted, June 8, 1992.

Minneapolis

Farmers State Bank of Ridgeland, Wisconsin, proposed
merger with Bank of Dallas, Dallas, Wisconsin —
report on competitive factors.
Submitted, June 8, 1992.

H .2
JUNE 8, 1992
PAGE 6

TO

JUNE 12,

1992

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

COMPETITIVE FACTORS REPORTS




Cleveland

First Federal Savings and Loan Association of Lima,
Lima, Ohio, proposed merger with Fifth Third Bank
of Western Ohio, N.A., Piqua, Ohio — report on
competitive factors.
Submitted, June 8, 1992.

Minneapolis

First Integrity Bank, Staples, Minnesota, proposed
merger with Peoples State Bank of Frazee, Frazee,
Minnesota — report on competitive factors.
Submitted, June 9, 1992.

Minneapolis

First Southwest Bank - Bismarck, North Dakota,
proposed acquisition of certain assets and
assumption of certain liabilities of the Bismarck
branch of the Northwestern Savings Bank, F.S.B.,
Fargo, North Dakota — report on competitive
factors.
Submitted, June 9, 1992.

Chicago

LaPorte Bank & Trust Co., LaPorte, Indiana, proposed
merger with LaPorte Interim Bank — report on
competitive factors.
Submitted, June 8, 1992.

Cleveland

Ohio Valley Bank Co., Gallipolise, Ohio, proposed
merger with Interim Ohio Valley Bank — report on
competitive factors.
Submitted, June 10, 1992.

Atlanta

Teche Federal Savings Bank, Franklin, Louisiana,
proposed merger with Community Homestead
Association, Houma, Louisiana — report on
competitive factors.
Submitted, June 10, 1992.

Atlanta

Trans Financial Federal Savings Bank of Tennessee,
Tullahoma, Tennessee, proposed purchase of five
branches of Heritage Federal Bank For Savings,
Kingsport, Tennessee — report on competitive
factors.
Submitted, June 9, 1992.

H .2
JUNE 8, 1992
PAGE 7

TO

JUNE 12,

1992

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

COMPETITIVE FACTORS REPORTS
TriState Bancorp, Inc., Cincinnati, Ohio, proposed
acquisition of First Financial Savings Association,
F.A., Cincinnati, Ohio, and proposed merger of
Cottage Savings Association, F.A., Madeira, Ohio,
with First Financial Savings Association — report
on competitive factors.
Submitted, June 10, 1992.

Cleveland

EXTENSIONS OF TIME




San Francisco

BankAmerica Corporation, San Francisco, California —
extension to divest certain property.
Granted, June 9, 1992.

San Francisco

Continental Bancorporation, Las Vegas, Nevada —
extension to September 23, 1992, to acquire
Cont inental Nat ional Bank.
Granted, June 9, 1992.

«
Cleveland

Fifth Third Bank Columbus, Ohio — extension to
July 15, 1993, to establish a branch at 1630 Morse
Road.
Granted, June 11, 1992.

San Francisco

First Interstate Bancorp, Los Angeles, California —
extension to divest certain property.
Granted, June 8, 1992.

Atlanta

Villages Bancorporation, Inc., Lady Lake, Florida —
extension to October 2, 1992, to acquire First Bank
of the Villages.
Granted, June 11, 1992.

San Franciscc>
Francisco

Wells Fargo & Company, San Francisco, California —
extensions to divest certain properties.
Granted, June 12, 1992.

H. 2
JUNE 8, 1992
PAGE 8

ADDITIONS AND CORRECTIONS
TO

JUNE 12,

1992

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

BANK BRANCHES» DOMESTIC
San Francisco

Silicon Valley Bank, San Jose, California -- to
establish a branch in the vicinity of Lusk
Boulevard and Mira Mesa Boulevard, San Diego,
California.
Withdrawn, June 4, 1992.

COMPETITIVE FACTORS REPORTS
Cleveland

Morehead National Bank, Morehead, Kentucky, proposed
merger with New Morehead National Bank — report on
compet it ive factors.
Submitted, June 6, 1992.

EXTENSIONS OF TIME




Richmond

CCB Financial Corporation, Durham, North Carolina —
extension to September 12, 1992, to engage in
making and servicing credit card loans.
Granted, June 5, 1992.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

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
NONE
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
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
♦♦Rating Definitions:
"O" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
Institution

Examination Date
NONE

♦Subject to CRA



Rating**

"N"

Federal Reserve Bank of New York
Comment Period
Ending Date

SECTION

l

Applications Subject to Newspaper
___________ Notice Only___________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Great Falls Bancorp, Totowa, New Jersey, to acquire 51 percent
of NJ Mortgage Company, and thereby to engage in mortgage
banking and services to be performed for Great Falls Bank in
connection with its mortgage banking activities.
SECTION IV
Applications Not Involving
______ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.




Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and 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 13. 1992
NAME OF BANK

RATING

EXAMINATION DATE

Bank of Cattaraugus
24 Main Street
Cattaraugus, N.Y.
14719

Satisfactory

November 11, 1991

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 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

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
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 12, 1992.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location




Examination Date

Nn.
oe

CRA Rating

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

Applications Bulletin
For Week Ending June 13, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

NONE

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

Received Section 3(a)(3) application from
Society Corporation, Cleveland, Ohio, on
June 10, 1992, to acquire First of America
Bank-Monroe, Monroe, Mi chigan.

* Not Yet Known #

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

Received Section 4 ( c ) (8) application from
Cardinal Bancshares, Inc., Lexington,
Kentucky, on June 12, 1992, to acquire First
Federal Savings Bank Pineville, Kentucky.

* 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
Expected to end approximately 30 days from date of
application's receipt.




Federal Reserve Bank of Richmond

Section I - Applications Subiect to Newspaper
Notice Onlv
Application

Comment Period Ending Date

None.

Section II - Applications Subiect 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 - Applications Not Subiect to
Federal Register Notice or Newspaper Notice
Application
None.




Comment Period Ending Date

Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending June 12, 1992

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

Rating

Peoples Bank of Virginia Beach
621 Nevan Road
Virginia Beach, Virginia 23451

3-30-92

Satisfactory

Bank of Greenville
Post Office Box 119
Greenville, West Virginia 24945

3-24-92

Satisfactory

Miners and Merchants Bank
and Trust Company
Post Office Box 1010
Grundy, Virginia 24614

3-31-92

Outstanding

The Capon Valley Bank
Main Street
Wardensville, West Virginia 26851
Commerce Bank Corporation
9658 Baltimore Avenue
College Park, Maryland 20740




4-6-92

Satisfactory

4-13-92

Satisfactory

Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending June 12, 1992--contd.

Examination
Date

Miners Exchange Bank
Post Office Box 1197
Coeburn, Virginia 24230




4-14-92

Rating

Satisfactory

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 Ending June

12.

1 992

Section 1 - Applications Subject to Newspaper Notice OnlyApplication

Comment Period Ending Date

The Colonial BancGroup, Inc.
Montgomery, Alabama
To acquire Home Federal Savings Bank
of Alabama, LaFayette, Alabama and
then merge it into its subsidiary,
Colonial Bank, Montgomery, Alabama
pursuant to Section 5( d ) (3) of the
Federal Deposit Insurance Act, as
amended by the Federal Deposit Insurance
Corporation Improvement Act of 1991.
Banco de Sabadell, S.A.
Sabadell, Spain
To establish an agency office in Miami,
Florida.

Not yet available*

05-31-92*

Section 2 - Applications Subject To Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

Orange Banking Corporation
Orlando, Florida
Change in control notice by John
H. Day, Susan Day, and EGP, Inc.,
to retain 9.02 percent of Corporation
and to acquire an additional 6.90
percent of Corporation.
Acquisition
will increase total collective ownership
to 29.99 percent.

06-24-92*
Federal Register

Tomoka Bancorp, Inc.
Ormond Beach, Florida
1-BHC formation, Tomoka State Bank,
Ormond Beach, Florida.

06-29-92*
Federal Register

♦Subject




to P r o v i s i o n s

of

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.

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 plications Bulle t i n for Week Ending June

12,

1 992

Section 3 - Applications Subject to Federal
Register Notice Only-

Application

Comment Period Ending Date

PCB Bancorp, Inc.
Largo, Florida
To engage de novo in correspondent
mortgage lending, pursuant to Section
225.25(b)(1) of Regulation Y.

Not yet available

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
No n e .

♦Subject




to P r o v i s i o n s

of

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.

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
Applications Bulletin for W e e k Ending June

12.

1 992

Section 10 - Availability of CRA Public Evaluations

The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Examination
Bank
Bank of Adairsville
Post Office Box 405
Adairsville, Georgia
(407) 773-7716




Rating
Satisfactory
30103

Date
03-09-92

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Tym

Application

EFT

First of A m e r i c a B a n k - Central
Lansing, Michigan
Carter's Plus F o o d Store
1650 Pa c k a r d R o a d
C h a r l o t t e , Michigan*

N

- 6-24-92

Branches

H a r r i s B a n k St. Charles
St. Charles, Illinois
2 contractual branches at Harris B a n k
Batavia, N.A., Batavia, Illinois
3 contractual branches at Harris Trust
a n d Savings Bank, Chicago, Illinois
4 contractual branches at Harris B a n k
Barrington, N.A., Barrington, Illin o i s
4 contractual branches at Harris B a n k
Roselle, Roselle, Illinois
5 contractual branches at Harris B a n k
Naperville, Naperville, Illinois*

N

- 6-29-92

EFT

Union Bank/Sa n d w i c h
Sandwich, Illinois
Route 34 & D a yton Street
Sandwich, Illinois*

N

- **

Type

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

Y-l

FR - **

L a k e Z u r i c h , Illinois
A m e r i c a n Chart e r e d Bank of Lake Zurich
L a k e Zurich, Illinois*
Y-2

American Chartered Bancorp II, Inc.

N

Gore-Bronson Bancorp, Inc.
Prospect Height, Illinois
WTB Holdings, Inc.

F R - 4-30-92
N
- 6-23-92

- 7-4-92

Chicago, Illinois
Water Tower Bank
Chicago, Illinois*
Y-l




WTB Holding, Inc.
Chicago, Illinois
Wat e r Tower B a n k
Chicago, Illinois*

F R - 4-30-92
N
- 6-23-92

Federal Reserve Bank of Chicago
Section II

-

Applications Subject to B o t h N e w s p a p e r and Federal
Register Notice
fcontinuedi
Period
Application
Ending Date

Comment

Type
Y-2

A S B Bankcorp, Inc.
FR
A d r i a n , Michigan
N
Temumseh, Michigan office o f First Federal
Savings and Loan A s s o c i a t i o n
A d r i a n , Michigan*

Y-l

C a s c a d e Bancor I, Inc.
Cascade, Wisconsin
C a scade Bancorporation,
Altoona, Iowa
S t a t e Bank of Cascade
Cascade, Wisconsin*

**

- 6-20-92

FR - 6-22-92
N
- 6-19-92
Inc.

Y-l

J o n e s Bancorp, Inc.
Marcellus, Michigan
G.W. Jones Exchange B a n k
Marcellus, Michigan*

CoC-HC

Iowa State Bank Holding Co m p a n y
FR - **
D e s Moines, Iowa
N
- **
M a r v i n R. Selden, Jr.; M e l v i n H. Nielsen;
D e n n i s L. Gallagher; Robert F.
M c L a u g h l i n and Doris R. Olson, as Trustees
f o r the Hugh Gallagher Trust

S e c t i o n III

-

FR
N

- 6-26-92
- 6-20-92

Applications Subject to Federal R e g i s t e r
Notice O n l y
Comment P e r i o d
Ending Date

Type

Application

Y-4

C a i s s e Nationale De Credit A g r i c o l e S.A.
Paris, France
L C A H o l d i n g Corp.
N e w York, N e w York

Y-4

F B O P Corporation
F R - **
O a k Park, Illinois
Chicago, Illinois branch o f Sterling
Federal Savings and Loan A s s o c i a t i o n o f Chicago
Chicago, Illinois




FR - **

Federal Reserve Bank of Chicago
Section III

-

Applications Subject to Federal R e g i s t e r
Notice Only
fcontinued)
Comment Period
Application
Ending Date

Type
Y-4

F B O P Corporation
O a k P a r k , Illinois
S terling Insurance Agency, Inc.
O a k Park, Illinois

FR - **

Y-4

F B O P Corporation
O a k Park, Illinois
S terling Safe Deposit Company, Inc.
O a k Park, Illinois

F R - **

Y-4

F B O P Corporation
O a k Park, Illinois
S terling Services Corporation, Inc.
O a k Park, Illinois

Section I V

Type

-

A p p l i c a t i o n s Not Subject to Federal R e g i s t e r or Newspaper
Notice
Application

None

N
- Newspaper
F R - Federal R e g i s t e r
* - Subject to Provisions o f Community
available at this time

** - N ot




F R - **

R e in v e s tm e n t A c t

A V A IL A B IL IT Y OF CRA PUBLIC EVALUATIONS

The following state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending June 12, 1992.
If you are interested in obtaining a copy of the evaluation document, please
contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

-Security Bank of Monroe
28 East Front Street
Monroe, Michigan
48161
(313) 241-6262

2/20/92

S

-Rushville State Bank
Liberty and Lafayette, Box 186
Rushville, Illinois
62681
(217) 322-3323

3/09/92

S

The following is a correction to the report for the week ended June 5, 1992.
-Columbus Junction State Bank
134 Main Street, P.O. Box 271
Columbus Junction, Iowa
52738
(319) 728-2436




2/03/92

NI

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JUNE 12, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

Section 5(d)(3) application by First Banks,
Inc., St. Louis, Missouri for its subsidiary
bank, First Bank of Illinois, 0'Fallon, Illinois,
to acquire the Vandalia, Illinois branch of
First Bank, A Savings Bank, Clayton, Missouri

Newspaper: 7-11-92

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 3(a)(1) application by Citizens National
Bancorp, Inc., Springfield, Missouri to acquire
Citizens National Bancshares, Inc., Springfield,
Missouri

Newspaper: 7-5-92

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
End of Comment Period
Section 24A application by Citizens Bank of
New Haven, New Haven, Missouri to make an
additional investment in bank premises

This application is subject to CRA.




Not applicable

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 improve 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




June 12, 1992

Bank Address

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
Comment Period
Ending Date

Application
Dale Pahlke, Raymond Reich, Stanley
Sayler, Security Bank of Hebron
(Newspaper)
Profit Sharing Plan & Security In­
surance Services, Inc.
To acquire control of 88.39% of
Hebron Banshares, Inc., Hebron, ND

6-23-92

Conrad N. Freeman
To acquire control of 62.63% of
Morris State Bancorporation, Inc.,
Morris, MN

Not yet available

Norwest Corporation
To acquire via merger
United Bancshares, Inc.,
Lincoln, NE*

Not yet available

Section III - Applications Subject
to Federal Register Notice Only

Application
Norwest Corporation
Minneapolis, MN
To engage in consumer lending
activities through the acquisition
of Vistar financial, Inc., Lincoln,
NE, a subsidiary of United Bancshares,
Inc., Lincoln, NE

* Subject to CRA




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
Martinius Corporation
Rogers, MN
To redeem 30.4% of its
voting shares.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending June 12, 1992

ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low-and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
BANK(S)

None.




EXAMINED

DATE OF EXAMINATION

C R A RATING

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
Anadarko Bank and Trust Company,
Anadarko, Oklahoma, for prior
approval for membership in the
Federal Reserve System.

COMMENT PERIOD ENDING DATE
Not Available

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING DATE

C.S. Bancshares, Inc., Chillicothe,
Missouri, for prior approval to
acquire 94.5 percent of the voting
shares of Ray County Bank, Richmond,
Missouri.*

Not Available

First Commerce Bancshares, Stuart
Family Partnership, The James Stuart,
Jr., Family Partnership and The Scott
Stuart Family Partnership for prior
approval to acquire an additional 10
percent of the outstanding voting
shares of Lincoln Bank South,
Lincoln, Nebraska.*

Not Available

John David Davenport, Oklahoma City,
Oklahoma, for prior approval to
increase his interest in voting
equity securities of Quail Creek
Bancshares, Oklahoma City, Oklahoma,
by .04 percent to 25.01 percent.

Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
Brooke Holdings, Inc., Jewell,
Kansas, for prior approval to
indirectly acquire, through its
nonbank subsidiary, Gypsum Valley
Agency, Inc., the insurance assets of
First Insurance Service, Salina,
Kansas.




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.




Federal Reserve Bank of Kansas City

Bank/Location

Exam Date

CRA Public
Date

CRA
Rating

Bank of Cushing & Trust
3-23-92
P.0. Box 951
Cushing, Oklahoma 74023-0951

6-10-92

Outstanding

Bank of Hartington
P.O. Box 77
Hartington, Nebraska

6-11-92

Satisfactory

3-23-92
68739-0077

Citizens Bank of Ardmore
P.O. Box 1689
Ardmore, Oklahoma 73402

3-16-92

6-11-92

Satisfactory

First State Bank
P.O. Box 910
Newcastle, Wyoming

3-16-92

6-11-92

Satisfactory

82701

*Application is subject to CRA.




FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 8, 1992
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

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

**
* NOTICE EXP

Change in Control Notice by
Joe C. Denman, Jr., Lufkin, TX, to acquire an
interest in Diboll State Bancshares, Inc., Diboll, TX
Change in Control Notice by
Arthur Temple, Diboll, TX, to acquire an interest in
Quitman Bancorporation, Inc., Quitman, TX
(Previously reported during the week of 5-11-92)

N/A

92/07/01

Change in Control Notice by
Roger D. Hellmus; Charles C. Forbes; and James J. Acker,
Freer, TX, to acquire an interest in Brush Country Holding
Co., Inc., Freer, 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
Notice by San Diego Bancshares, Inc., San Diego, TX,
to redeem 1,055 shares of its common stock.

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JUNE 8, 1992
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire
delineated community,
including
lowand
moderate-income
neighborhoods,
in a manner
consistent with
its
resources
and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has 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
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 6/12/92

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

None

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 6/12/92
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending June 12, 1992. 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 noncomoliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.




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