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ANNOUNCEMENT r BOARD OF GOVERNORS OF THE FEDERAL RESERVE SY^EIf g H.2, 1996, No. 24 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received 3|jJ>\^ng the Week Ending June 15, 1996 VORS ACTIONS TAKEN BY ti ADVISORY COUNCILS Thrift Institutions Advisory Council. Convened, June 14, 1996. BANK HOLDING COMPANIES B a n k o f N e w Y o r k C o m p a n y , I n c . , N e w Y o r k , N e w Y o r k -to e n g a g e d e n o v o in l e n d i n g a c t i v i t i e s , p r o v i d i n g i n v e s t m e n t and f i n a n c i a l a d v i s o r y s e r v i c e s and b r o k e r a g e s e r v i c e s , u n d e r w r i t i n g a n d d e a l i n g in c e r t a i n b a n k “e l i g i b l e a n d b a n k - i n e l i g i b l e s e c u r i t i e s , a n d a c t i n g a s a g e n t o n a l l t y p e s of s e c u r i t i e s as a r i s k l e s s p r i n c i p a l t h r o u g h BNY C a p i t a l M a r k e t s , Inc. Approved, June 10, 1996. Caisse Nationale de Credit Agricole S.A., Paris, France - - t o engage in securities brokerage, investment and financial advisory, and riskless principal activities through CAL FP (US), Inc., New York, New York. Permitted, June 10, 1996. Croghan Bancshares, Inc., Fremont, Ohio -- to acquire Union Bancshares Corp, Bellevue; Union Bank and Savings Company; and The Croghan Colonial Bank, Fremont, Ohio. Approved, June 10, 1996. Norwest Corporation, Minneapolis, Minnesota -request for reconsideration of the Board’s approval of the notice to acquire certain assets of Prudential Home Mortgage Company, Clayton, Missouri. Denied, June 11, 1996. N o r w e s t C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a -r e q u e s t for r e v i e w of the a p p r o v a l b y the F e d e r a l R e s e r v e B a n k o f M i n n e a p o l i s of N o r w e s t fs p r o p o s a l s to a c q u i r e B & G I n v e s t m e n t C o mpany, San A n tonio, Texas; to e s t a b l i s h a joint ve n t u r e w i t h C.M.H. M o r t g a g e C o m p a n y , W e s t e r v i l l e , O h i o , a n d to a c q u i r e Bancshares Life Insurance Company, San Antonio, Texas. Denied, June 11, 1996. Union Planters Corporation, Memphis, Tennessee -- to acquire Franklin Financial Group, Inc., Morristown, Tennessee, and Franklin Federal Savings Bank. Approved, June 10, 1996. H.2 J U N E 10, 1996 PAGE 2 TO J U N E 14, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK MERGERS Croghan Colonial Bank, Fremont, Ohio - - t o merge with Union Bank and Savings Company, Bellevue, Ohio, and to establish branches at the current locations of Union Bankfs branches. Approved, June 10, 1996. BANKS, FOREIGN National Bank of Canada, Montreal, Canada -- to establish representative offices in Denver, Colorado; Boca Raton, Florida; Baltimore, Maryland; Boston, Massachusetts; Southfield, Michigan; Charlotte, North Carolina; Cincinnati, Ohio; Cleveland, Ohio; Pittsburgh, Pennsylvania; Memphis, Tennessee; and Richmond, Virginia. Approved, June 10, 1996. ENFORCEMENT Bankers Trust New York Corporation, New York, New York -- cease and desist order and assessment of a civil money penalty against Gary S. Missner, a former employee of BT Securities Corporation, a subsidiary of Bankers Trust New York Corporation. Announced, June 11, 1996. INTERNATIONAL OPERATIONS Bankers Trust Company, New York, New York -- to make investments in certain indirect special purpose company subsidiaries. Permitted, June 14, 1996. Morgan Guaranty International Finance Corporation, Newark, Delaware - - t o make an investment in Banco J.P. Morgan S.A., Sao Paulo, Brazil. Permitted, June 10, 1996. REGULATIONS AND POLICIES bank" financial ■ i n u a c lm a n t instruments DrOOPdlltS . Announced, June 11, 1996. and fraudulent H.2 J U N E 10, P AGE 3 1996 TO J U N E 14, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES R i s k l e s s p r i n c i p a l a c t i v i t i e s of b a n k h o l d i n g c o m p a n i e s -- m o d i f i c a t i o n s to p r u d e n t i a l limitations. Announced, June 11, 1996. TESTIMONY AND STATEMENTS Electronic benefit transfer programs under the Electronic Fund Transfer Act and the Board’s Regulation E -- statement by Mr. Garwood, Director, Division of Consumer and Community Affairs before the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Banking and Financial Services, June 19, 1996. Authorized, June 14, 1996. H. 2 J U N E 10, 1996 PAGE 4 TO J U N E 14, 1996 A C T I O N S TAK E N BY THE S T A F F A N D THE F E D E R A L R E S E R V E 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 Baylake Bank, Sturgeon Bay, Wisconsin -- to establish a branch at 431 South Bridge Street, Manawa, and North 2723 Highway QQ, King, Wisconsin. Approved, June 12, 1996. Chicago Citizens Bank, Flint, Michigan -- to establish a branch at 32200 Schoolcraft Road, Livonia, Michigan. Returned, June 12, 1996. Atlanta Elmore County Bank, Wetumpka, Alabama -- to establish a branch at 3740 Highway 14, Millbrook, Alabama. Approved, June 14, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 5000 Campuswood Drive, Pioneer Business Park, DeWitt, New York. Approved, June 10, 1996. Richmond Southern Financial Bank, Warrenton, Virginia -- to establish a branch at 1095 Millwood Pike, Winchester, Virginia. Approved, June 14, 1996. Kansas City Union Colony Bank, Greeley, Colorado -- to establish a branch at 10th Street and 59th Avenue. Approved, June 11, 1996. Chicago 1st Source Bank, South Bend, Indiana -- to establish a branch at 139 South Front Street, Dowagiac, Michigan, and 123 West Main Street, Niles, Michigan. Approved, June 14, 1996. BANK HOLDING COMPANIES New York B a n k o f N o v a S c o t i a , T o r o n t o , O n t a r i o , C a n a d a -- to e n g a g e in f o r e i g n e x c h a n g e a d v i s o r y s e r v i c e s t h r o u g h S c o t i a C a p i t a l M a r k e t s , Inc., N e w York, New Yo r k , a n d to e n g a g e w o r l d w i d e in c e r t a i n i n t e r e s t r a t e a n d c u r r e n c y s w a p a c t i v i t i e s p u r s u a n t to T h e S u m i t o m o B a n k , L i m i t e d ( B o a r d o r d e r d a t e d J u n e 26, 1989); s u c h a c t i v i t i e s w o u l d be e n g a g e d in s o l e l y f o r t h e a c c o u n t o f t h e B a n k of N o v a S c o t i a * s N e w York agency. Approved, June 11, 1996. H .2 J U N E 10, 1996 PAG E 5 TO J U N E 14, 1996 A C T I O N S T A K E N BY THE S T A F F A N D T HE F E D E R A L R E S E R V E 8 A NXS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Director, BS&R Comm. Bancorp, Inc., Forest City, Pennsylvania -registration as transfer agent. Withdrawn, June 13, 1996. San Francisco Community Bancshares, Inc., Joseph, Oregon - - t o acquire Citizens Title and Escrow Service, Inc., Enterprise, Oregon, and engage in insurance agency activities. Permitted, June 12, 1996. Chicago Country Bank Shares Corporation, Mount Horeb, Wisconsin - - t o acquire Belleville Bancshares Corporation, Belleville, Wisconsin, and Belleville State Bank. Returned, June 13, 1996. Kansas City Farmers Enterprises, Inc., Albert, Kansas - - t o acquire Kinban, Inc., Kinsley, Kansas, and engage in general insurance activities. Approved, June 14, 1996. Director, BS&R First Community Bank, Inc., Princeton, West Virginia -- registration as transfer agent. Withdrawn, June 13, 1996. Secretary First Merchants Corporation, Muncie, Indiana - - t o acquire Union National Bancorp, Liberty, Indiana, and Union County National Bank of Liberty. Approved, June 11, 1996. Richmond First National Corporation, Orangeburg, South Carolina - - t o acquire National Bank of York County, Rock Hill, South Carolina. Approved, June 14, 1996. Kansas City Fort Calhoun Investment Company, Fort Calhoun, Nebraska -- notification of intent to expand its insurance activities. Permitted, June 13, 1996. H.2 J U N E 10, 1996 PAGE 6 TO J U N E 19, 1996 A C T I O N S T A K E N BY THE S T A F F A ND T HE F E D E R A L R E S E R V E B A NKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis H e a r t l a n d B a n c s h a r e s , I n c . , H e r r i n , I l l i n o i s -- to acquire First Federal Savings and Loan Association ot He r r i n , Herrin, b y it s c o n v e r s i o n f r o m a f e d e r a l m u t u a l s a v i n g s a n d l o a n a s s o c i a t i o n to a f e d e r a l s t o c k s a v i n g s a n d l o a n a s s o c i a t i o n a n d the s u b s e q u e n t c o n v e r s i o n of t h e f e d e r a l s t o c k s a v i n g s a n d l o a n a s s o c i a t i o n to a n a t i o n a l b a n k u n d e r t h e n a m e of H e a r t l a n d N a t i o n a l B a n k . Approved, June 13, 1996. Chicago Horizon Bancorp Employee Stock Ownership Plan, Michigan City, Indiana -- to acquire Horizon Bancorp and First Citizens Bank, N.A. Approved, June 14, 1996. Atlanta International Bancorp of Miami (NV Holdings), Inc., Miami, Florida -- request for waiver of application to merge with International Bancorp of Miami, Inc , and acquire International Bank of Miami, N.A. Granted, June 13, 1996. Director, BS&R Keystone Financial, Inc., Harrisburg, Pennsylvania -request for relief from a commitment made in connection with acquisition of Martindale Andres & Company, Inc., West Conshohocken, Pennsylvania. Granted, June 13, 1996, St. Louis Little River Bancshares, Inc., Lepanto, Arkansas -t o acquire Little River Bank. Approved, June 12, 1996. Richmond Mid-Alantic Community Bankgroup, Inc., Gloucester, Virginia - - t o acquire Peninsula Trust Bank, Incorporated. Approved, June 14, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to engage de novo in residential mortgage lending through Real Estate Financial, Palm Harbor, Florida, a joint venture with First in Real Estate Corporate Center, Inc. Permitted, June 14, 1996. H.2 J U N E 10, 1996 PAGE 7 TO J U N E 19, 1996 A C T I O N S T A K E N BY T HE S T A F F A N D THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Prairieland Employee Stock Ownership Plan, Bushnell, Illinois -- to acquire Prairieland Bancorp, Inc. and Farmers & Merchants State Bank, Bushnell, Illinois. Approved, June 13, 1996. Richmond Rowan Bancorp, Inc., China Grove, North Carolina -to acquire Rowan Savings Bank, $SB. Approved, June 12, 1996. Dallas State National Bancshares, Inc., Lubbock, Texas -- to acquire State National Bancshares of Delaware, Inc., Dover, Delaware, and State National Bank of West Texas, Lubbock, Texas. Permitted, June 14, 1996. Dallas State National Bancshares of Delaware, Inc., Dover, Delaware - - t o acquire State National Bank of West Texas, Lubbock, Texas. Approved, June 14, 1996. Dallas XIT Bancshares, Inc., Littlefield, Texas -- to acquire XIT Delaware, Inc., Dover, Delaware, and Security State Bank. Approved, June 12, 1996. Dallas XIT Delaware, Inc., Dover, Delaware to acquire Security State Bank, Littlefield, Texas. Approved, June 12, 1996. BANK MERGERS Chicago Baylake Bank, Sturgeon Bay, Wisconsin -- to acquire the assets and liabilities of The Bank, Manawa, Wisconsin. Approved, June 12, 1996. H.2 J U N E 10, 1996 P AGE 8 TO J U N E 14, 1996 A C T I O N S TAKEN BY THE S T A F F A N D T HE F E D E R A L R E S E R V E B A NKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Chicago Baylake Bank, Sturgeon Bay, Wisconsin -- payment of a dividend. Approved, June 12, 1996. Director, BS&R First Community Bank of Mercer County, Inc., Princeton, West Virginia -- transfer agent registration. Approved, June 11, 1996. CAPITAL STOCK Minneapolis Kandi Banc Shares, Inc., New London, Minnesota -redemption of shares. Approved, June 12, 1996. CHANGE IN BANK CONTROL New York Hudson Valley Holding Corp., Yonkers, New York change in bank control. Returned, June 12, 1996. COMPETITIVE FACTORS REPORTS Chicago Associated Bank Chicago, Chicago, Illinois, proposed merger with Mid-America National Bank of Chicago report on competitive factors. Submitted, June 11, 1996. Dallas FirstBanc Savings Association of Texas, Missouri City, Texas, proposed merger with Fort Bend Federal Savings and Loan Association, Rosenberg, Texas -report on competitive factors. Submitted, June 12, 1996. Richmond F r a n k l i n N a t i o n a l Bank of V i r g i n i a , A l e x a n d r i a , Virginia, proposed merger with Franklin National B a n k o f W a s h i n g t o n , D.C., W a s h i n g t o n , D.C. r e p o r t on c o m p e t i t i v e factors. Submitted, June 12, 1996> S t . Louis National Bank, Hillsboro, Illinois, proposed merger with Security Savings Bank, FSB, Hillsboro, Illinois -- report on competitive factors. Submitted, June 12, 1996. H. 2 J U N E 10, PAGE 9 1996 TO JUN E 19, 1996 A C T I O N S T A K E N BY THE STAFF A N D THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas New Riverside Bank, Denton, Texas, proposed merger with Riverside National Bank, Grand Prairie, Texas -- report on competitive factors. Submitted, June 12, 1996. Atlanta Regions Bank of Florida, Pensacola, Florida, proposed merger with The Key Bank of Florida, Tampa, Florida, and the establishment of one branch -report on competitive factors. Submitted, June 12, 1996. Boston Sladefs Ferry Trust Company, Somerset, Massachusetts, proposed merger with The National Bank of Fairhaven, Fairhaven, Massachusetts -- report on competitive factors. Submitted, June 11, 1996. Dallas Texas American Bank, San Antonio, Texas, proposed merger with Compass Bank - Houston, Houston, Texas -- report on competitive factors. Submitted, June 14, 1996. Dallas United Bank & Trust, N.A., Dallas, Texas, proposed merger with Inwood National Bank -- report on competitive factors. Submitted, June 13, 1996. EXTENSIONS OF TIME Dallas West Texas Bancshares, Inc., Kermit, Texas -extension to September 17, 1996, to acquire Monahans Bancshares, Inc., Monahans, Texas. Granted, June 11 1996. Kansas City Community Bank of Parker, Parker, Colorado - - t o become a member of the Federal Reserve System. Approved, June 11, 1996. San Francisco Southern California Bank, Anaheim, California -- to become a member of the Federal Reserve System. Approved, June 13, 1996. MEMBERSHIP H .2 JUNE 10, PAGE 10 1996 TO JUNE 14, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Philadelphia Sterling Bank, Mount Laurel, New Jersey -- to becom a member of the Federal Reserve System. Approved, June 14, 1996. H. 2 J U N E 10, P A G E 11 ADDITIONS AND CORRECTIONS 1996 TO J U N E 14, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago FirstValue Corp., Appleton, Wisconsin - - t o acquire Tigerton Bancorporation, Inc., Tigerton, Wisconsin, and First National Bank in Tigerton. Returned, June 5, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date Emerald Isle Bancorp, Inc., Quincy, Massachusetts section 3 notification to acquire The Hibernia Savings Bank, Quincy, Massachusetts Newspaper 6-26-96 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 Institution Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK C om m ent Period E nding Date SECTION I Applications Subject to Newspaper ______ Notice Only______ Manufacturers and Traders Trust Company, Buffalo, New York, to establish a branch at The Harry and Jeanette Weinberger Campus, 2700 North Forest Road, Amherst, New York. \J 07/08/96 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Investors Bancorp, MHC and Investor Bancorp,Inc., both o f Millburn, New Jersey, to become bank holding companies with respect to Investors Savings Bank, Millburn, New Jersey. 1/ 07/22/96 3/ SECTION III N onbanking Applications (subject to Federal Register Notice Only I CNB Financial Corp., Canajoharie, New York, to engage through its subsidiary, Central Asset Management, Inc., Canajoharie, New York, in providing portfolio investment advice and discretionary asset management services. N/A Bank of Nova Scotia, Toronto, Canada, Canadian Imperial Bank o f Commerce, Toronto, Canada, The Chase Manhattan Corporation, New York, New York, National Bank o f Canada, Montreal, Canada, and Toronto-Dominion Bank, Toronto, Canada, to invest in the shares of Multinet International Bank, New York, New York, and thereby engage in clearing foreign exchange transactions. N/A SECTION IV Applications Not Involving Public C om m ent Application by Multinet International Bank, New York, New York, a proposed de novo bank, to become a member o f the Federal Reserve System. SECTION V Availability of CRA Public Evaluations In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record o f 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 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. An 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 of meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An 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. W eek Ending Ju n e 15.1996 NAME O F BANK Bank of Avoca 18 North Main Street Avoca, New York 14809 RATING Outstanding EXAM INATION DATE February 5, 1996 Bank o f Cattaraugus 24 Main Street Cattaraugus, New York 14719 Outstanding February 5, 1996 1/ Subject to provisions of Community Reinvestment Act. 2/ Later o f dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - A PPLICATIONS RECEIVED AND SU BJECT TO N EW SPAPER N O TICE ONLY NONE SECTION n - A PPLICATIONS RECEIVED AND SU BJECT TO BO TH N EW SPAPER AND FEDERAL R EG ISTER N O TICE NONE SECTION m - APPLICATIONS RECEIVED AND SU BJECT TO FEDERAL R EG ISTER N O TICE ONLY K eystone Financial Inc., H arrisburg, PA to expand the activities of its investm ent advisory subsidiary, M artindale Andres & Com pany, Inc., W est Conshohocken, PA to include the provision of investm ent advice to m utual funds, p u rsu an t to Section 4(c)(8) of the B ank Holding Com pany Act and Section 225.25(b)(4)(ii) of Regulation Y. Federal Register comment period expires: 7/02/96 SECTION IV - APPLICATIONS RECEIVED AND NOT SU B JEC T TO FEDERAL R EG ISTER N O TIC E O R N EW SPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - A VARIABILITY O F CRA PU BLIC 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 Junel4, 1996. Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: O utstanding record of meeting com m unity 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting com m unity credit needs. An 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 of meeting com m unity credit needs. An 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 com m unity 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 CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending June 15, 1996) SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER N O TIC E ONLY Received notice from Heartland Bank, Croton, Ohio on June 10, 1996, of its intent to establish a branch at US Route 62 and Hamilton Avenue, Gahanna, Ohio. *June 17, 1996 SECTION n - A PPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL R EG ISTER N O TIC E Received Section 3(a)(1) application from Westwood Homestead Financial Corporation, Cincinnati, Ohio, on June 14, 1996 to acquire The Westwood Homestead Savings Bank, Cincinnati, Ohio. *N: July 3, 1996 SECTIO N H I - A PPLICATIONS SUBJECT TO FED ERA L R EG ISTER N O TIC E ONLY NONE SECTIO N IV - APPLICATIONS N O T SUBJECT TO FEDERAL R E G ISTER N O TIC E O R NEW SPAPER N O TIC E NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date of Receipt AVAILABILITY O F CRA PUBLIC EVALUATIONS (June 14, 1996) The following state member banks have been examined by the Federal Reserve Bank of 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 14, 1996. If you are interested in obtaining a copy o f an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record 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 IM PRO V E: a bank in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON CO M PLIA N CE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE F e d e r a l R e s e r v e B a n k of R i c h m o n d Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Summit Financial Corporation, Greenville, South Carolina, to acquire Berkeley Loan, Inc., Moncks Corner, South Carolina.* 6-15-96 Crestar Bank, Richmond, Virginia, to establish a branch inside the Wal-Mart Supercenter at 550 Old Franklin Turnpike, Rocky Mount, Virginia.* 6-30-96 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 Centura Banks, Inc., Rocky Mount, North Carolina, to acquire 49% equity interest in First Greensboro Home Equity, Inc., Greensboro, North Carolina. Not yet available. Southern National Corporation, WinstonSalem, North Carolina, to acquire Regional Acceptance Corporation, Greenville, North Carolina. Not yet available. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA requirements. F e d e r a l R e s e r v e B a n k of R i c h m o n d Section V - Availability of CRA Public Evaluations Week ending June 14, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date The Horizon Bank of Virginia P. 0. Box 3700 Merrifield, Virginia 22116 3-25-96 Rating Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 14, 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Compass Bancshares, Inc. 07-08-96* Birmingham, Alabama Federal Register Along with Compass Banks of Texas, Inc., Birmingham, Alabama, and Compass Bancorporation of Texas, Inc., Wilmington, Delaware, to acquire ProBank, The Woodlands, Texas, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Compass Bancshares, Inc. 07-11-96* Birmingham, Alabama Federal Register Along with Compass Banks of Texas, Inc., Birmingham, Alabama, and Compass Bancorporation of Texas, Inc., Wilmington, Delaware, to acquire Texas American Bank, San Antonio, Texas, pursuant to Section 3(a) (3) of the Bank Holding Company Act. Appalachian Bancshares, Inc. Ellijay, Georgia 1-BHC formation, Gilmer County Bank, Ellijay, Georgia. 07-01-96* Federal Register First State Bancshares of DeKalb County, Inc. Not yet available* Fort Payne, Alabama After-the-fact change in control notice by Ms. Shari K. Jones and Mr. James T. Jones, Jr., to collectively retain 39.13 percent of the outstanding shares of First State Bancshares of DeKalb County, Inc, Fort Payne, Alabama. Meriwether Bank Shares, Inc. Not yet available* Greenville, Georgia 1-BHC formation, The Greenville Banking Company, Greenville, Georgia. Mid State Banks, Inc. Not yet available* Cordele, Georgia To acquire The First State Bank of Ocilla, Ocilla, Georgia, pursuant to Section 3(a)(3) of the Bank Holding Company Act. PCB Bancorp, Inc. Not yet available* Johnson City, Tennessee 1-BHC formation, People's Community Bank, Johnson City, Tennessee. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Synovus Financial Corp. 07-02-96 Columbus, Georgia To acquire Canterbury Trust Company, Birmingham, Alabama, and thereby engage in trust activities, pursuant to Section 225.25(b)(3) of Regulation Y and Section 4(c)(8) of the Bank Holding Company Act. ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 14. 1996 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Alabama Bancorp Birmingham, Alabama Commitment waiver request. Compass Bancshares, Inc. Birmingham, Alabama Request for waiver of the application requirement of Section 3(a) (5) of the Bank Holding Company Act to merge with CFB Bancorp, Inc., Jacksonville, Florida, and thereby directly acquire Community First Bank, Jacksonville, Florida. Barnett Bank of Southwest Florida Sarasota, Florida Commitment waiver request. St. Landry Bancshares, Inc. Opelousas, Louisiana Request for a determination under Section 2 (g) (3) of the Bank Holding Company Act concerning effective divestiture of Opelousas-St. Landry Realty Company. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 14, 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noricompliance 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 Date Bank CRA Rating Bank of Adairsville Post Office Box 405 Adairsville, Georgia (770)773-7716 Satisfactory 05-04-96 Outstanding 03-11-96 30103 Southwest Georgia Bank 201 First Street Moultrie, Georgia 31768 (912)985-1120 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 14, 1996 Recently Approved Applications Approval Date Elmore County Bank 06-14-96 Wetumpka; Alabama To establish a branch located at 3740 Highway 14, Millbrook, Alabama. International Bancorp of Miami (NV Holdings), Inc. Miami, Florida Request for waiver of the application requirement for Section 3 (a) (5) of the Bank Holding Company Act to merge with International Bancorp of Miami, Inc., Miami, Florida, and thereby directly acquire International Bank of Miami, N.A., Miami, Florida. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Tygg Application Branch Bank of Lenawee Adrian, Michigan 160 E. Chicago Blvd. Tecumseh, Michigan NP - 6-16-96 Branch Baylake Bank Sturgeon Bay, Wisconsin Glendale Crossing Shopping Center, Intersection of Glendale and Velp Avenue Green Bay, Wisconsin NP - 7-5-96 Merger/Branch DeMotte State Bank DeMotte, Indiana Hebron, Indiana branch of First Chicago/NBD Bank, N.A. Indianapolis, Indiana 507 South Main Street Hebron, Indiana Np _ ** Membership Fortress Bank of Cresco Cresco, Iowa (in organization) NP - 6-28-96 Branch Citizens Bank Flint, Michigan 32200 Schoolcraft Road Livonia, Michigan NP - 6-7-96 NP Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application 3(a)(1) Brickyard Bancorp, Inc.* Chicago, Illinois Sysco Financial Inc. Lincolnwood, Illinois Brickyard Bank Lincolnwood, Illinois FR - 6-21-96 NP - 6-20-96 COC-HC Blanchardville Financial Services, Inc. Blanchardville, Wisconsin Richard Roy Kundert FR - 6-11-96 NP - 6-30-96 3(a)(1) Sparta Union Bancshares, Inc.* Sparta, Wisconsin Union National Bank & Trust Company Sparta, Wisconsin FR - 6-21-96 jsjp _ ** 3(a)(5) First Merchants Corporation Muncie, Indiana Randolph County Bancorp Winchester, Indiana Randolph County Bank Winchester, Indiana PR _ ** Np . ** 3(a)(3) North Shore Community Bancorp, Inc. Lake Forest, Illinois Lake Forest Bancorp, Inc. Lake Forest, Illinois Lake Forest Bank and Trust Company Lake Forest, Illinois Hinsdale Bancorp, Inc. Hinsdale, Illinois Hinsdale Bank and Trust Company Libertyville Bancorp, Inc. Libertyville, Illinois Libertyville Bank and Trust Company Libertyville, Illinois FR - 7-8-96 NP - 7-7-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Tyee Application 3(a)(3) First Financial Corporation* Terre Haute, Indiana Crawford Bancorp, Inc. Robinson, Illinois Crawford County State Bank Robinson, Illinois FR - 6-17-96 NP - 6-10-96 3(a)(1) Fortress Bancshares, Inc.* Cresco, Iowa Fortress Bank of Cresco Cresco, Illinois (in organization) FR - 6-17-96 NP - 6-21-96 3(a)(3) Fortress Bancshares, Inc.* Cresco, Iowa Fortress Holdings, Inc. Hartland, Wisconsin Houston Security Bank Houston, Minnespolis Westby-Coon Valley State Bank Westby, Wisconsin PR . ** NP - 6-21-96 3(a)(3) Alton Bancorporation* Alton, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 3(a)(1) First State Associates, Inc.* Hawarden, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 3(a)(3) Old O ’Brien Bancshares, Inc.* Sutherland, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden. Iowa FR - 6-21-96 NP - 6-1-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(3) Mercantile Bancorp, Inc.* Hammond, Indiana First Lansing Bancorp, Inc. Lansing, Illinois First National Bank of Illinois Lansing, Illinois FR - 5-10-96 NP - 6-10-96 COC-HC Madison Holding Company Winterset, Iowa Jean W. Lange FR - 6-5-96 NP - 6-18-96 3(a)(3) Vogel Bancshares, Inc.* Orange City, Iowa Ireton Bancorp Ireton, Iowa Security Savings Bank FR - 5-25-96 NP - 6-29-96 3(a)(3) Granville Bancshares, Incorporated* Granville, Illinois Sheridan State Bank Sheridan, Illinois FR - 6-10-96 NP - 6-7-96 3(a)(5) Goodenow Bancorporation, Inc.* Okoboji, Iowa Jackson Bancorporation, Inc. Fairmont, Wisconsin Bank Midwest, Minnesota, Iowa, N.A. Fairmont, Minnesota FR - 5-23-96 NP - 6-15-96 3(a)(1) Community Central Bank Corporation Mount Clemens, Michigan Community Central Bank Mount Clemens, Michigan (in organization) FR - 6-28-96 NP - 6-15-96 COC-HC Hasten Bancshares Indianapolis, Indiana Anna Ruth Hasten FR - 6-18-96 Hasten Bancshares Indianapolis, Indiana Simona Hasten FR - 6-18-96 COC-HC jsjp. ** jsjp _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(3) Hills Bancorporation Hills, Iowa Hills Bank Kalona Kalona, Iowa (in organization) FR - 7-8-96 NP - 6-22-96 3(a)(3) Landmark Financial Group, Inc. Belvidere, Illinois Alpine Bancorporation, Inc. Rockford, Illinois Alpine Bank of Illinois Rockford, Illinois FR - 7-8-96 JSJP _ ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Hinsbrook Bancshares, Inc. Willowbrook, Illinois Northern Illinois Financial Services, LLC Willowbrook, Illinois FR - 6-18-96 4(c)(8) Palos Bancshares, Inc. Palos Heights, Illinois Northern Illinois Financial Services, LLC Willowbrook, Illinois FR - 6-18-96 4(c)(8) Southwest Financial Group of Iowa, Inc. Red Oak, Iowa to engage de novo in making and servicing loans FR - 6-19-96 4(c)(8) FBOP Corporation Oak Park, Illinois Torrance Bank, SSB Torrance, California FR - 6-21-96 4(c)(8) North Shore Community Bancorp, Inc. Lake Forest, Illinois Crabtree Capital Corporation Schaumburg, Illinois FR - 7-8-96 4(c)(8) Libertyville Bancorp, Inc. Lake Forest, Illinois to engage de novo in making and servicing loans FR - 7-3-96 4(c)(8) Heartland Financial USA, Inc. Dubuque, Iowa Tri-State Community Credit Corp. Dubuque, Iowa PR . ** 4(c)(8) UnionBancorp, Inc. Streator, Illinois LaSalle County Collections, Inc. Ottawa, Illinois PR . ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice lyee Application ROS Blanchardville Financial Services, Inc. Blanchareville, Wisconsin to redeem 211 shares of stock ROS Hawarden Banking Company Omaha, Nebraska to redeem 163.89 shares of its common stock ROS Adair Insurance Agency, Inc. Adair, Iowa to redeem 2,031 shares of stock from Gerald L. Nordbrock Federal Reserve Bank of Chicago Section V - Availability of CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank 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 14, 1996. 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 has a needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilies. BANK NAME/LOCATION Westby-Coon Valley State Bank 100 Main Street Westby, Wisconsin 54667-1106 (608) 634-3787 EXAMINATION DATE RATINGS 2/27/96 S First State Bank of Maple Park 1100 South County Road Maple Park, Illinois 60151 (815) 827-3251 2/26/96 S Old Kent Bank One Vandenberg Center Grand Rapids, Michigan (616) 771-5000 10/17/95 S 59403 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING June 14, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period * Section 9 branch application by Bank of Gainesville, Gainesville, Missouri, to relocate a branch office from U .S. Highway 160 and County Road 160-639, Theodosia, Missouri, to near the intersection of U.S. Highway 160 and County Road 160-871, Theodosia, Missouri. 6-30-96 * Section 9 application by First Bank, Creve Coeur, Missouri, to establish a branch office at 1526 West Highway 70 South Service Road, Wentzville, Missouri. 7-5-96 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Change in control notification involving Seligman Bancshares, Inc., Seligman, Missouri, by Charles L. Spangler (previously reported during the week ending June 7, 1996). Federal Register: 7-1-96 * Section 3(a)(3) application by Lawton Partners Holding Company, Central City, Kentucky, to increase its ownership interest in First United, Inc., Central City, Kentucky, through a redemption of shares by First United, Inc. Newspaper: 7-5-96 * Section 3(a)(1) application by Fairmount St. Investments, L .P ., Alton, Illinois, to acquire Regional Bancshares, Inc., Alton, Illinois. Newspaper: 7-10-96 * Section 4(c)(8) notification by Old National Bancorp, Evansville, Indiana, to acquire Workingmens Capital Holdings, Inc., Bloomington, Indiana, and thereby acquire Workingmens Federal Savings Bank, Bloomington, Indiana. Newspaper: 7-13-96 * Section 3(a)(3) application by First Nokomis Bancshares, Inc., Nokomis, Illinois, to acquire Ayars State Bank, Moweaqua, Illinois. Newspaper: 7-12-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Clay BancShares, Inc., Flora, Illinois, to engage, de novo, through a whollyowned subsidiary, Clay Finance Company, Inc., Flora, Illinois, in consumer finance activities. 7-2-96 * This application/notification subject to CRA. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End o f Comment Period Section 9 application by Du Quoin State Bank, Du Quoin, Illinois, to make an investment in Kaskaskia Community Development Corporation, Pinckneyville, Illinois (must obtain prior approval from the Federal Reserve System). N/A FEDERAL RESERVE BANK O F ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratitws: Outstanding record o f 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 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 An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs An institution in this group needs to improve its overall record 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 An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING June 14, 1996 Name of Bank Farmers Bank and Trust Co. Bank Address Blytheville, AR Examination Date Examination Rating 2/20/96 Satisfactory F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application L. Lee Madetzke to acquire control of 26.0% of the voting shares of North State Bancshares, Inc., Bloomington, Minnesota. July 2, 1996 (Federal Register) ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Otto Bremer Foundation, St. Paul, Minnesota, and Bremer Financial Corporation, St. Paul, Minnesota, to engage de novo in making, acquiring, and servicing loans and leasing personal and real property. June 28, 1996 Norwest Corporation, Minneapolis, Minnesota, to engage de novo in operating a real estate information service through Information Services of the Rocky Mountains LLC, Boulder, Colorado, a joint venture with Boulder Area Board of Realtors®, Inc. and Longmont Association of Realtors®, Inc. Not yet available F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS Section III - Applications Subject (Con’t) to Federal Register Notice Only Norwest Corporation, Minneapolis, Minnesota, to engage in data processing activities through the acquisition of Central Computers, Inc., Victoria, Texas FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application NONE. Not yet available F E D E R A L R E S E R V E B A N K O F MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending June 14, 1996 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution’s CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANKtSl EXAMINED DATE OF EXAMINATION CRA RATING Western Bank of Wolf Point February 26, 1996 111 Third Avenue S., P.O. Box 638 Wolf Point, Montana 59201-0638 (406) 653-2550 Satisfactory Flint Creek Valley Bank P.O. Box 10 Philipsburg, Montana 59858-0010 (406) 859-3241 Satisfactory March 4, 1996 Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION BancFirst, Oklahoma City, Oklahoma, for prior approval to merge with Bank of Commerce, McLoud, Oklahoma. m f PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE R. Banking Limited Partnership, Oklahoma City, Oklahoma, for prior approval to acquire 49.93 percent of the voting shares of BancFirst Corporation, Oklahoma City, Oklahoma, and BancFirst Corporation, to acquire 100 percent of the voting shares of Commerce Bancorporation, Inc., McLoud, Oklahoma.* Not Available J.B. and Marjorie Burnham, both of Fairport, Missouri, for prior approval to acquire an additional 1.79 percent, for a total of 10.68 percent, of the voting shares of Fairport Bancshares, Inc., Fairport, Missouri. July 3, 1996 Charles L. Spangler, Nixa, Missouri, to acquire an additional 30 percent, for a total of 35 percent, of the voting shares of Bates County Bancshares, Inc., Rich Hill, Missouri. July 5, 1996 Kingsbury BDC Financial Services, Inc., Ponca, Nebraska, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Bank of Dixon County, Ponca, Nebraska.* July 11, 1996 CB Holding Company, Edmond, Oklahoma, for prior approval to become a bank holding company through the acquisition of 95.8 percent of the voting shares of P.N.B. Financial Corporation, Kingfisher, Oklahoma, and to acquire 75 percent of the voting shares of City National Bancshares of Weatherford, Inc., Weatherford, Oklahoma.* July 12, 1996 Federal Reserve Bank of Kansas City Valley View Bancshares, Inc., Overland Park, Kansas, for prior approval to acquire 100 percent of the voting shares of Industrial Bancshares, Inc., Kansas City, Kansas; Mission Bancshares, Inc., Mission, Kansas; One Security, Inc., Kansas City, Kansas; and International Bancshares, Inc., Gladstone, Missouri.* July 15, 1996 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. 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 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. Federal Reserve Bank of Kansas City Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date CRA Public Date Uinta County State Bank 128 North Birch Street Mountain View, Wyoming 82939 03/11/96 06/11/96 ♦Application is subject to CRA. CRA Rating Substantial Noncompliance FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 10, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 18(c) application received from Silsbee State Bank, Silsbee, TX, to acquire through a purchase and assumption transaction certain assets and liabilities of the Buna Branch of First Bank of Texas, Tomball, TX (Previously reported during the week of 6-3-96) 96/07/03 ♦Section 9 application received from Silsbee State Bank, Silsbee, TX, to establish a branch at Main at Commerce, Buna, TX 77612 (Previously reported during the week of 6-3-96) 96/07/03 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Paris Bancshares, Inc., Paris, TX, to acquire LNB Financial Corp., Dover, DE, and The Liberty National Bank in Paris, Paris, TX (Previously reported during the week of 5-27-96) 96/06/22 ♦Section 3(a)(1) application by LNB Financial Corp., Dover, DE, to acquire The Liberty National Bank in Paris, Paris, TX (Previously reported during the week 5-27-96) 96/06/22 ♦Section 3(a)(1) application by Ouachita Financial Corp., West Monroe, LA, to acquire Ouachita Independent Bank, Monroe, LA, a proposed new bank N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) notification by Southeast Bancorp of Texas, Inc., Winnie, TX, to engage in making and servicing loans through Bonnet Financial Services, Inc., Winnie, TX N/A Section 4(c)(8) notification by Sterling Bancshares, Inc., Houston. TX, and Sterling Bancorporation, Inc., Wilmington, DE, to engage in the activity of originating single family residential mortgage loans through CMCR Holding Company, Wilmington, DE, and Charter Mortgage Company, Houston, TX N/A SECTION IV - APPLICATIONS HOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by First Burkburnett Bancshares, Inc., Burkburnett, TX, to redeem 1,597 shares of 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 10. 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/14/96 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Home Bank, Signal Hill, California, to merge with California United Bank, National Association, Encino, California. * Newspaper: 7/12/96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Mutual Bancshares, Everett, Washington, to acquire Commercial Bank of Everett (In Organization), Everett, Washington. * Newspaper: 6/25/96 Fed. Rea.: 7/11/96 SC Acquisition Corp., Huntington Beach, California, to become a bank holding company by acquiring SDN Bancorp, Encinitas, California, and Commerce Security Bank, Sacramento, California.* Newspaper: 6/27/96 Fed. Req.: 7/12/96 Dartmouth Capital Group, Inc., and Dartmouth Capital Group, L.P., Encinitas, California, to acquire, through SC Acquisition Corp., Commerce Security Bank, Sacramento, California. * Newspaper: 6/27/96 Fed. Req.: 7/12/96 Refiled: Bruce Hammond Qvale, San Francisco, California, to acquire up to 33.85 percent of Marin National Bancorp, San Francisco, California, Newspaper: Not available Fed. Req.: 7/03/96 Refiled: Miles Jeffrey Qvale, San Francisco, California, to acquire up to 36.03 percent of Marin National Bancorp, San Francisco, California, * Newspaper: Not available Fed. Req.: 7/03/96 CU Bancorp, Encino, California, to merge with Home Interstate Bancorp, Signal Hill, California. * Newspaper: 7/12/96 Fed. Req.: 7/08/96 CU Bancorp, Encino, California, to acquire 19.9 percent of Home Interstate Bancorp, Signal Hill, California. * Newspaper: 7/12/96 Fed. Req.: 7/08/96 Home Interstate Bancorp, Signal Hill, California, to acquire 19.9 percent of CU Bancorp, Encino, California. * Newspaper: 7/12/96 Fed. Req.: 7/08/96 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/14/96 Section II - Applications Subject to Both Newspaper and Federal Register Notice (cont’d.) Refiled: WKS, Inc., Fresno, California, to become a bank holding company by acquiring Murphy Bank, Fresno, California, which will convert from Sierra Thrift, Fresno, California. * Newspaper: 5/30/96 Fed. Reg.: 7/12/96 Section III -Applications Subject to Federal Register Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice (Cont’d .) None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/14/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompli ance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER