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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1995, No. 24
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending June 17, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Bay Bancorporation, Green Bay, Wisconsin --to
acquire Bay Bank, a de novo institution.
Approved, June 14, 1995.
Farmington Finance Corporation, B.V.I., Central, Hong
Kong, and Farmington Bancorp, Seattle, Washington - to acquire Farmington State Bank, Farmington,
Washington.
Approved, June 14, 1995.
Marshall & Illsley Corporation, Milwaukee,
Wisconsin - - t o acquire Citizens Bancorp of
Delavan, Inc., Delavan, Wisconsin, Citizens Bank of
Delavan, and Sharon State Bank, Sharon, Wisconsin.
Approved, June 12, 1995.
Union Planters Corporation, Memphis, Tennessee --to
acquire First State Bancorporation, Inc.,
Tiptonville, Tennessee, and First Exchange Bank.
Approved, June 12, 1995.
Westamerica Bancorporation, San Rafael, California -request for reconsideration of the Board's approval
of the application to acquire CapitolBank
Sacramento, Sacramento, California.
Denied, June 12, 1995.
ENFORCEMENT
Cedar Vale Bank Holding Company, Inc., Wellington,
Kansas -- order of assessment of civil money
penalty issued upon consent against James J. Long.
Authorized, June 12, 1995.
Execufirst Bancorp, Inc., Philadelphia, Pennsylvania,
and the First Executive Bank -- written agreement
dated May 24, 1995.
Announced, June 14, 1995.
MEMBERSHIP
Bank of Floyd, Floyd, Virginia -- determination, in
connection with its application to become a member
of the Federal Reserve System, that its interest in
Virginia Title Center, L.L.C., is not inconsistent
with Federal statutes applicable to state member
banks.
Approved, June 12, 1995.
H.2
JUNE 12, 1995
PAGE 2
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
MEMBERSHIP
M&I Northern Bank, Brookfield, Wisconsin -- to become
a member of the Federal Reserve System.
Approved, June 12, 1995.
REGULATIONS AND POLICIES
Determination that State member bank participation in
jointly owned title insurance agencies is not
inconsistent with Federal statutes applicable to
State member banks.
Approved, June 12, 1995.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
San Francisco
Bank of America Nevada, Las Vegas, Nevada -- to
establish a branch at the Vons Store at 6000 West
Cheyenne and 1061 West Owens Avenue; and the
Raley*s Store at 3701 South Carson Street, Carson
City, and 1075 North Hills Boulevard, Reno, Nevada.
Approved, June 15, 1995.
Secretary
Compass Bank, Birmingham, Alabama -- to establish a
branch at 4414 Old Shell Road, Mobile, Alabama.
Approved, June 14, 1995.
Chicago
Farmers Bank of Mount Pulaski, M t . Pulaski,
Illinois -- to establish a branch at 104 West Cooke
Street.
Approved, June 14, 1995.
Atlanta
First Western Bank, Cooper City, Florida --to
establish a branch at 2581 North Hiatus Road,
Cooper City, Florida.
Approved, June 16, 1995.
H.2
JUNE 12, 1995
PAGE 3
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Chicago
Liberty Bank, Milwaukee, Wisconsin -- to establish a
branch at 8605 North Port Washington Road, Fox
Point, Wisconsin.
Approved, June 16, 1995.
Chicago
Tri-County Bank, Brown City, Michigan -- to establish
a branch at 6714 Beech Street, North Branch,
Michigan.
Approved, June 15, 1995.
BANK HOLDING COMPANIES
Richmond
City Holding Company, Charleston, West Virginia -- to
merge with First Merchants Bancorp, Inc.,
Montgomery, West Virginia.
Approved, June 16, 1995.
Minneapolis
Fidelity Bancorp, Inc., Medford, Wisconsin -- to
acquire Fidelity Interim National Bank.
Approved, June 13, 1995.
Richmond
First Bancorporation, Inc., Beaufort, South
Carolina -- to acquire FirstBank, N.A.
Approved, June 15, 1995.
St. Louis
First Banks, Inc., St. Louis, Missouri -- to acquire
QCB Bancorp, Long Beach, California, and Queen City
Bank, National Association.
Approved, June 16, 1995.
Secretary
First Interstate Bancorp, Los Angeles, California -to acquire Tomball National Bancshares, Inc., and
Texas National Bank.
Approved, June 14, 1995.
Kansas City
First State Bancorp, Inc., Mooreland, Oklahoma -- to
acquire First State Bank, Woodward, Oklahoma.
Approved, June 16, 1995.
Kansas City
First State Bancorp of the Rockies, Fort Collins,
Colorado -- to acquire First State Bank of Fort
Collins.
Approved, June 13, 1995.
H.2
JUNE 12, 1995
PAGE 4
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Guaranty Development Company, Livingston, Montana to acquire American Bank (Whitefish), Whitefish,
Montana
Approved, June 15, 1995.
Minneapolis
International Bancorporation, Golden Valley,
Minnesota -- to acquire American Bancorporation
Holding Company of Brainerd, Brainerd, Minnesota.
Approved, June 15, 1995.
Secretary
Keystone Financial, Inc., Harrisburg, Pennsylvania
request for waiver of application to acquire
Shawnee Financial Services Corporation, Everett,
Pennsylvania, and The Everett Bank.
Approved, June 14, 1995.
Philadelphia
MBNA Corporation, Newark, Delaware -- to engage in
community development activities through MBNA
Community Development Corporation.
Approved, June 13, 1995.
Atlanta
North Fulton Bancshares, Inc., Roswell, Georgia -request for relief from commitment.
Approved, June 14, 1995.
St. Louis
Poplar Bluff Banc Holding Company, Poplar Bluff,
Missouri -- to acquire Poplar Bluff Bancshares,
Inc., and First Midwest Bank of Poplar Bluff.
Approved, June 15, 1995.
Chicago
Prairie Financial Group, Inc., Stewardson, Illinois
- to acquire The Stewardson National Bank.
Approved, June 14, 1995.
San Francisco
Sierra Tahoe Bancorp, Truckee, California --to
engage de novo in lending activities.
Permitted, June 12, 1995.
San Francisco
Walla Walla Bancorp, Walla Walla, Washington -request for determination of application
requirement to acquire First Savings Bank of
Washington, FSB.
Returned, June 15, 1995.
H.2
JUNE 12, 1995
PAGE 5
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK MERGERS
St. Louis
First Bank of Arkansas, Jonesboro, Arkansas -- to
merge with First Bank of Arkansas, Trumann,
Arkansas.
Approved, June 13, 1995.
Kansas City
Mercantile Bank of Kansas City, Kansas City, Missouri
-- to merge with Citizens-Jackson County Bank,
Warrensburg, Missouri.
Approved, June 13, 1995.
BANK PREMISES
Kansas City
Colorado Bank and Trust Company, La Junta, Colorado - investment in bank premises.
Approved, June 16, 1995.
BANKS. STATE MEMBER
Secretary
First Interstate Bank of California, Los Angeles,
California -- to make public welfare investments.
Approved, June*14, 1995.
CAPITAL STOCK
Kansas City
Adrian Bancshares, Inc., Adrian, Missouri -redemption of shares.
Approved, June 13, 1995.
Kansas City
American Bancshares, Inc., Baxter Springs, Kansas -redemption of shares.
Approved, June 14, 1995.
CHANGE IN BANK CONTROL
Dallas
Central Bancorporation, Inc., Fort Worth, Texas -change in bank control.
Permitted, June 12, 1995.
Philadelphia
Guaranty Bancshares, Inc., Shamokin, Pennsylvania -change in bank control.
Permitted, June 13, 1995.
Philadelphia
Guaranty Bancshares Corporation, Shamokin,
Pennsylvania -- change in bank control.
Permitted, June 14, 1995.
H.2
JUNE 12, 1995
PAGE 6
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Boston
Mercantile Capital Corp., Boston, Massachusetts -change in bank control.
Permitted, June 12, 1995.
San Francisco
Monarch Bancorp, Laguna Niguel, California -- change
in bank control.
Withdrawn, June 16, 1995.
COMPETITIVE FACTORS REPORTS
San Francisco
Bank of Lake County, Lakeport, California, proposed
purchase of the assets and assumption of the
liabilities of the Kelseyville, California, branch
of Bank of America National Trust & Savings
Association, San Francisco, California -- report on
competitive factors.
Submitted, June 14, 1995.
Chicago
Chemical Bank Montcalm, Stanton, Michigan, proposed
purchase of the assets and assumption of the
liabilities of the Belding, Michigan, branch of
First of America Bank, N.A., Kalamazoo, Michigan -report on competitive factors.
Submitted, June 15, 1995.
Chicago
Citizens Bank of Delavan, Delavan, Wisconsin,
proposed merger with Sharon State Bank, Sharon,
Wisconsin -- report on competitive factors.
Submitted, June 12, 1995.
Chicago
Dairyman1s State Bank, Clintonville, Wisconsin,
proposed acquisition of the assets and assumption
of the liabilities of the Marion branch of M&I Bank
S.S.B., Marion, Wisconsin -- report on competitive
factors.
Submitted, June 14, 1995.
Kansas City
FirsTier Bank, N.A., Omaha, Nebraska, proposed merger
with FirsTier Bank, N.A., Council Bluffs, Iowa -report on competitive factors.
Submitted, June 16, 1995.
H.2
JUNE 12, 1995
PAGE 7
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
Independent Bank East Michigan, Caro, Michigan,
proposed purchase of the assets and assumption of
the liabilities of the Clio, Michigan, branch of
Michigan National Bank, Farmington Hills,
Michigan -- report on competitive factors.
Submitted, June 15, 1995.
Boston
Mayflower Co-operative Bank, Middleboro,
Massachusetts, proposed purchase of certain assets
and assumption of certain liabilities of the
Rochester, Massachusetts, branch of the Sandwich
Cooperative Bank, Sandwich, Massachusetts -- report
on competitive factors.
Submitted, June 15, 1995.
Chicago
Merchants Bank & Trust Company, West Harrison,
Indiana, proposed purchase of the assets and
assumption of the liabilities of Patriot Federal
Savings Bank, Harrison, Ohio -- report on
competitive factors.
Submitted, June 13, 1995.
Kansas City
Norwest Bank Colorado, Denver, Colorado, proposed
merger with Goldenbank, N.A., Westminster, Colorado
-- report on competitive factors.
Submitted, June 13, 1995.
Boston
Plymouth Savings Bank, Wareham, Massachusetts,
proposed purchase of certain assets and assumption
of certain liabilities of the West Plymouth branch
of Citizen Savings Bank of Massachusetts, Boston,
Massachusetts -- report on competitive factors.
Submitted, June 16, 1995.
San Francisco
United Savings Bank, Ogden, Utah, proposed
establishment of USB Interim Federal Bank, Ogden,
Utah, and United Western Financial Group, Inc. -report on competitive factors.
Submitted, June 16, 1995.
H.2
JUNE 12, 1995
PAGE 8
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Boston
Vermont Federal Bank, FSB, Williston, Vermont,
proposed merger with First Savings of New
Hampshire, Exeter, New Hampshire -- report on
compet it ive factors.
Submitted, June 12, 1995.
Atlanta
White County Bank, Cleveland, Georgia, proposed
merger with White Interim Bank -- report on
compet it ive factors.
Submitted, June 14, 1995.
EXTENSIONS OF TIME
Cleveland
Fifth Third Bancorp, Cincinnati, Ohio -- extension to
October 19, 1995, to purchase certain assets and
assume certain liabilities of Falls Savings Bank,
F.S.B., Cuyahoga Falls, Ohio.
Granted, June 16, 1995.
MEMBERSHIP
Minneapolis
American Bank CWhitefish), Whitefish, Montana -- to
become a member of the Federal Reserve System.
Approved, June 15, 1995.
Chicago
American Heritage Banco, Inc., Fremont, Indiana -extension to September 15, 1995, to acquire First
National Bank of Fremont.
Approved, June 15, 1995.
Secretary
Apollo Trust Company, Apollo, Pennsylvania --to
become a member of the Federal Reserve System.
Approved, June 14, 1995.
Richmond
Bank of Floyd, Floyd, Virginia -- to become a member
of the Federal Reserve System.
Approved, June 15, 1995.
St. Louis
State Bank of DeQueen, DeQueen, Arkansas -- to become
a member of the Federal Reserve System.
Approved, June 15, 1995.
H.2
JUNE 12, 1995
PAGE 9
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
REGULATIONS AND POLICIES
Director, FRBO
National Clearing House Association -- request to
amend its regulations to eliminate a specified
level of Tier 1 capital required for membership.
Approved, June
1995.
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Kansas City
to purchase
image archival / retrieval equipment and software
and reader sorters for check processing.
Approved, June 16, 1995.
RJ1RVI SANK SERVICES
Director, FRBO
Federal Reserve Bank of Kansas City --to change
selected Other Fed regular and group sort, mixed,
consolidated, and qualified Other Fed and mixed
return deadlines at the Denver office in order to
accommodate a change in the Interdistrict
Transportation service.
Approved, June 13, 1995.
H.2
JUNE 12, 1995
PAGE 10
ADDITIONS AND CORRECTIONS
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANKS. FOREIGN
Banco Bandeirantes, S.A., Sao Paulo, Brazil --to
establish a representative office in Miami,
Florida.
Approved, May 15, 1995.
REGULATIONS AND POLICIES
Basle Coaaittee on Banking Supervision '-joint
framework for supervisory information about the
derivatives activities of banks and securities
firms.
Announced, May 16, 1995.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Chicago
FBOP Corporation, Oak Park, Illinois -- relief from
commitment to permit redemption of stock.
Approved, June 9, 1995.
Chicago
Shorebank Corporation, Chicago, Illinois -- relief
from commitment to permit redemption of stock.
Approved, June 6, 1995.
Chicago
1st Source Bank, South Bend, Indiana -- redemption of
shares.
Approved, June 9, 1995.
H.2
JUNE 12, 1995
PAGE 11
ADDITIONS AND CORRECTIONS
TO
JUNE 16, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Philadelphia
Drovers Bancshares Corporation, York, Pennsylvania -change in bank control.
Returned, June 8, 1995.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
Application
S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO
NEWSPAPER NOTICE ONLY
C o m m e n t P e r i o d E n d i n g Date
NONE
S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
C o m m e n t P e r i o d E n d i n g Date
NONE
S E C T I O N IIT - A P P L I C A T I O N S S U B J E C T TO
FEDERAL REGISTER NOTICE ONLY
Application
C o m m e n t P e r i o d E n d i n g Date
NONE
S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO
F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E
Application
NONE
S E C T I O N V - A V A I L A B I L I T Y OF C R A PUBLIC E V A L U A T I O N S
Institution
E x a m i n a t i o n Date
R a t i n g **
NONE
*Subject to CRA.
* *Rating Definitions:
"0" - Outstanding; "S" - S atisfactory;
- N e e d s to Improve; "SN" - S u b s t a n t i a l N o n c o m p l i a n c e .
"N"
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
The Bank of New York, New York, New York, to establish a
branch at 303 Sunnyside Blvd., Plainview, New York. 1/
7/9/95
Banca Comerciala "Ion Tiriac", S.A. Bucharest, Romania, to
establish a representative office in New York City.
7/6/95
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
HSBC Holdings pic, London, United Kingdom, HSBC Holdings BV,
Amsterdam, Netherlands, Marine Midland Bank, Inc., Buffalo,
New York (together "Notificants"), to acquire United Northern
Federal Savings Bank, Watertown, New York ("Savings Bank"),
and its parent holding company, United Northern Bancorp,
Inc., Watertown, New York, and Notificants' bank subsidiary,
Marine Midland Bank, Buffalo, New York ("MMB") to merge with
Savings Bank, under the charter and title of MMB, and to
establish branches. 1/
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______ Public Comment______
None.
1/ Subject to the provisions of the Community Reinvestment Act.
7/6/95 2/
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 an
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 17, 1995
NAME OF BANK
RATING
EXAMINATION DATE
None.
H | CN| C 0 |
/
/
/
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 Availables
FEDERAL RESERVE BANK OF PHILADELPHIA
Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER
NOTICE
Continental Bancorporation, Laurel Springs, NJ, is the subject of a Change in Bank
Control Notice filed by Jeffrey Howard Steinberg, Marlton, NJ.
A proposed stock
repurchase plan by Continental will cause Mr. Steinberg's stock ownership to exceed 10%
(but remain less than a 25%).
Federal Register comment period expires:
Newspaper comment period expires:
06/14/95
06/14/95
Drovers Bancshares Corporation, York, PA, is the subject of a Change in Bank Control
Notice filed by Stewart Associates, York, PA (General Partners: Robert H. Stewart, Jr.,
Karylee Gilbert, Terrence S. Stewart, and Gary A. Stewart), to acquire approximately 15%
of the bank holding company.
Federal Register comment period expires:
Newspaper comment period expires:
06/21/95
N/Avail*
♦Notice was returned on 6/08/95
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV ~ APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
NONE
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending June 16, 1995.
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods,
in a manner
consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
Examination Date
CRA Rating
Laurel Bank
111 West High Street
Ebensburg, PA
02/06/95
Satisfactory
Fe 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
P. 0 . BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending June 17,1995)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received OAKAR application from Fifth Third Bancorp,
Cincinnati, Ohio, on May 12,1995, to acquire Bank o f
Naples, Naples, Florida.
* Not Yet Known #
Received Section 18(c) application from Fifth Third Bank,
Cincinnati, Ohio, on June 12, 1995, to acquire 12 Dayton,
Ohio, area branches o f PNC Bank, Ohio, N.A., Cicninnati,
Ohio, and, incident thereto, establish branch facilities.
* Not Yet Known #
Received prior notification from The Provident Bank,
Cincinnati, Ohio, on June 15, 1995, to establish a CBCT
facility at the Drake Center, 151 West Galbraith Road,
Cincinnati, Ohio.
* June 27, 1995
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE
Received Section 3(a)(3) application from KeyCorp,
Cleveland, Ohio, to acquire Key Bank, USA, National
Association, Cleveland, Ohio.
*N: July 12, 1995
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received notice from KeyCorp, Cleveland, Ohio,
on June 13, 1995, o f its intent to acquire AutoFinance
Group, Inc., Westmont, Illinois, pursuant to Section 4(c)(8)
o f the Bank Holding Company Act.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt
July 5, 1995
F ederal R eserv e B ank
of Cleveland
P. 0 . BOX 6387
CLEVELAND, OHIO 44101-1387
A PPLIC A TIO N S B U LLETIN
(F or the w eek ending Ju n e 17,1995)
SE C T IO N IV - A PPLIC A TIO N S N O T SU B JEC T T O FED ER A L R E G IS T E R N O TIC E
O R N EW SPA PER N O TIC E
NONE
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(June 16, 1995)
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 9, 1995. 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SA TISFA CTO RY : a bank 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 T O IM PR O V E: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COM PLIANCE: a bank in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Bank of Ferrum, Ferrum, Virginia, to
establish a branch on the north side
of Vigil H. Goode Highway, one-fourth
mile south of State Route 697, Rocky
Mount, Virginia.'*
7-10-95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
First Savings Financial Corp., Reidsville,
North Carolina, to become a bank holding
company through the acquisition of 100% of
the shares of First Savings Bank of Rockingham
County, S.S.B., Reidsville, North Carolina.
7-5-95
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
None.
^Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending June 16, 1995
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
First Virginia Bank - Highlands
450 West Main Street
Covington, Virginia 24426
2-27-95
Satisfactory
First Virginia Bank - Central
304 East Jefferson Street
Charlottesville, Virginia 22902
2-27-95
Satisfactory
First Virginia Bank-Mountain Empire
Cummings Street
Abingdon, Virginia 24210
3-13-95
Satisfactory
First Virginia Bank-Southside
200 North Main Street
Farmville, Virginia 23901
3-20-95
Satisfactory
Bank of Annapolis
2024 West Street
Annapolis, Maryland
3-27-95
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 16^ 1995
S e c t i o n 1 - A p p l i c a t i o n s Subject to N e w s p a p e r N o t i c e O n l y
Application
C omment P e riod E n ding Date
First C o m m e r c i a l B a n k of C u l l m a n C o u n t y
07-10-95*
Cullman, A l a b a m a
To e s t a b l i s h a b r a n c h l o c a t e d at H i g h w a y 55, a p p r o x i m a t e l y 1 m i l e
east of the inters e c t i o n of H i g h w a y 55 a n d H i g h w a y 35, to be k n o w n
as the Eva Office.
B a r n e t t B a n k of P inellas C o u n t y
0 7 -03-95*
St. Petersburg, F l o r i d a
To e s t a b l i s h a b r a n c h located at 3615 East Lake Road, P a l m Harbor,
Florida, to be k n o w n as the L a n s b r o o k Office.
B a r n e t t B a n k of T a l l a h a s s e e
0 7 - 03-95*
Tallahassee, F l o r i d a
To e s t a b l i s h a b r a n c h l ocated at 4449 M e a n d e r i n g Way, Tallahassee,
Florida, to be k n o w n as the W e s t m i n s t e r Oaks Office.
B a r n e t t B a n k of V o l u s i a C o u n t y
0 7 - 10-95*
DeLand, F l o r i d a
To e s t a b l i s h a b r a n c h l o c a t e d at T a y l o r R o a d a n d S o u t h W i l l i a m s o n
Boulevard,
Port Orange,
Florida,
to be k n o w n as the W e s t p o r t
Office.
Fir s t S o u t h e r n H o l d i n g B a n c o r p
B o c a Raton, F l o r i d a
N o t i c e for 1-BHC formation,
First
Florida.
0 6 - 27-95*
Southern
Bank,
Boca
Raton,
S e c t i o n 2 - A p p l i c a t i o n s S ubject to B o t h
N e w s p a p e r a n d Federal R e g i s t e r N o t i c e
Application
C o mment P e r i o d E n d i n g Date
SouthTrust Corporation
07-14-95*
Birmingham, A l a b a m a
Fe d e r a l R e g i s t e r
To m e r g e w i t h Fir s t C o m m e r c i a l Finan c i a l Corporation, Bradenton,
Florida, a n d t h e r e b y d i r e c t l y a c q u i r e First C o m m e r c i a l B a n k of
M a n a t e e County, Bradenton, Florida, p u r s u a n t to S e c t i o n 3(a)(5) of
the B a n k H o l d i n g C o m p a n y A c t .
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 16. 1995
S e c t i o n 2 - A p p l i c a t i o n s Subject to B o t h
N e w s p a p e r a n d F ederal R e g i s t e r N o t i c e
Application
Comment P e r i o d Endi n g Date
Abe s s Properties, Ltd.
07-13-95*
Miami, F l o r i d a
Newspaper
A l o n g w i t h C i t y N a t i o n a l Bancshares,
Inc., Miami,
Florida,
to
a c q u i r e 41.71 p e r c e n t of the o u t s t a n d i n g shares of T u r n b e r r y
Savings & Loan Association, N o r t h Miami Beach, Florida, p u r s u a n t to
S ection 4(c) (8) of the B a n k H o l d i n g C o m p a n y A c t a n d Sect i o n
2 2 5 . 2 5 ( b ) (9) of R e g u l a t i o n Y.
Citrus Finan c i a l Services, Inc.
N o t yet a v a i l a b l e *
V e r o Beach, F l o r i d a
Afte r - t h e - f a c t n o t i f i c a t i o n filed b y Mr. R o y H. Lambert, the R o y H.
L a m b e r t R e v o c a b l e Tru s t a n d James R. Thompson, as Trustee, to
c o l l e c t i v e l y r e t a i n an ad d i t i o n a l 1.69 p e r c e n t of the o u t s t a n d i n g
shares of Citrus F i n a n c i a l Services, Inc., V e r o Beach, Florida.
De p o s i t G u a r a n t y Corp.
07-10-95*
Jackson, M i s s i s s i p p i
Fe d e r a l R e g i s t e r
To m e r g e w i t h First M e r c h a n t s F i n a n c i a l Corporation, Fort Smith,
Arkansas, a n d th e r e b y d i r e c t l y a c q u i r e M e r c h a n t s N a t i o n a l Bank,
Fort Smith, Arkansas, p u r s u a n t to S e c t i o n 3(a)(5) of the B a n k
Holding Company A c t .
D e p o s i t G u a r a n t y A r k a n s a s Corp.
Ft. Smith, A r k a n s a s
1-BHC formation, M e r c h a n t s N a t i o n a l Bank,
07-10-95*
Fe d e r a l R e g i s t e r
Fort Smith, Arkansas.
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 16. 1995
Section 3 - Applications
Subject to F e d e r a l R e g i s t e r O n l y
AppligatiQQ
Comment P e riod E n ding Date
Regions Financial Corporation
07-07-95
Birmingham, A l a b a m a
To a c q u i r e Interstate B i l l i n g Service, Inc., Decatur, Alabama, a n d
t hereby engage in the bus i n e s s of p u r c h a s i n g accounts re c e i v a b l e at
a d i s c o u n t f r o m a u t o m o b i l e d e a l e r s h i p s a n d t r u c k i n g a n d freight
companies, p u r s u a n t to Section 4 ( c ) (8) of the B a n k H o l d i n g C o m p a n y
A c t a n d S e c t i o n 2 2 5 . 2 5 ( b ) ( 1 ) (v) of R e g u l a t i o n Y.
Pointe Financial Corporation
07-05 - 9 5
B o c a Raton, F l o r i d a
To engage de novo in m o r t g a g e b r o k e r a g e re l a t e d a c t i vities t h r o u g h
a 50 p e r c e n t - o w n e d subsidiary, P a r k s i d e M o r t g a g e Company, B o c a
Raton, F l o r i d a (Company), p u r s u a n t to S e c t i o n 4 ( c ) (8) of the B a n k
H o l d i n g C o m p a n y Act a n d Section 2 2 5 . 2 5 ( b ) ( 1 ) (iii) of R e g u l a t i o n Y.
N o t i f i c a n t ' s inte r e s t in C o m p a n y w i l l be h e l d d i r e c t l y b y its
w h o l l y - o w n e d subsidiary, P o i n t e Inve s t m e n t s Services, Inc.
Intervest Bancshares Corporation
07-10-95
N e w York, N e w Y o r k
To e n g a g e de novo in making, acquiring, p a r t i c i p a t i n g in a n d or
servicing loans s e cured b y mortg a g e s on real estate for a p p l i c a n t ’s
a c c o u n t or the a c c o u n t of others, p u r s u a n t to S e c t i o n 4 ( c ) (8) of
the B a n k H o l d i n g C o m p a n y A c t a n d S e c t i o n 225.25(b) (1) (iii) of
R e g u l a t i o n Y.
C o m m e r c i a l Bancgroup, Inc.
06-28-95
Harrogate, T e n n e s s e e
T h r o u g h T e n n e s s e e F i n a n c e Company, Inc., Harrogate, Tennessee, to
engage de novo in c onsumer finance activities, p u r s u a n t to S e c t i o n
4 ( c ) (8) of the B a n k H o l d i n g C o m p a n y Act a n d Section 2 2 5 . 2 5 ( b ) ( 1 ) (i)
of R e g u l a t i o n Y.
S e c t i o n 4 - A p p l i c a t i o n s N o t Su b j e c t to
F e d e r a l R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e
Application
Pin e l l a s B a n c s h a r e s C o r p o r a t i o n
St. Petersburg, F l o r i d a
C o m m i t m e n t w a i v e r request.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 16. 1995
S e c t i o n 10 - A v a i l a b i l i t y of C R A Public E v a l u a t i o n s
The C R A p u b l i c e v a l u a t i o n s of the i n s u r e d d e p o s i t o r y i n s t i t u t i o n s
listed b e l o w b e came available during this week.
Info r m a t i o n about
an ins t i t u t i o n ' s C R A e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y f r o m the
institution.
In con n e c t i o n w i t h the a s s e ssment of an institution's
C R A performance, a r a t i n g is a s s i g n e d from the f o l l o w i n g groups:
Outstanding
record of meeting community credit needs:
An
i n s t i t u t i o n has an o u t s t a n d i n g r e c o r d of, a n d is a leader in,
a s c e r t a i n i n g a n d h e l p i n g to m e e t the cred i t ne e d s of its en t i r e
delineated
community,
including
lowand
moderate-income
n eighbor hoods,
in a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s an d
capabilities.
Satisfactory
record of meeting community credit needs:
An
i n s t i t u t i o n has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g a n d h e l p i n g
to m e e t the cred i t ne e d s of its e n tire d e l i n e a t e d community,
inclu d i n g low- a n d m o d e r a t e - i n c o m e neighborhoods,
in a m a n n e r
co n s i s t e n t w i t h its r e s o u r c e s a n d capabilities.
Needs to improve record of* meeting community credit needs:
An
institution needs to improve its overall r e c o r d of a s c e r t a i n i n g and
helping
to m e e t
the
c r edit
needs
of
its
entire
delineated
community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e neig h b o r h o o d s , in a
m a n n e r c o n s i s t e n t w i t h its resou r c e s a n d capabilities.
Substantial noncompliance in meeting community credit needs:
An
i n s t i t u t i o n has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of a s c e r t a i n i n g
and h e l p i n g to m e e t the c r edit nee d s of its e n t i r e d e l i n e a t e d
community, i n c l u d i n g low- and m o d e r a t e - i n c o m e n e i g h b orhoods, in a
m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d capabilities.
Examination
Bank
None.
Rating
Dat e
Federal Reserve Bank of Chicago
S e c t i o n I - A p p l i c a t i o n s S u b j e c t to N e w s p a p e r
Notice Only
Type
Application
Branch
Comerica Bank
Detroit, M i c h i g a n
3410 R e m e m b e r a n c e Road,
Walker, M i c h i g a n
Comment Period
E n d i n g Dat e
NP
- 6-24-95
- 6-12-95
N.W.
Merger/Branch
First S o urce B a n k
S o u t h Bend, Indiana
1st Source B a n k of Starke C o u n t y
Hamlet, Indiana & e s t a b l i s h b r a n c h e s at
19 West Dav i s Street
Hamlet, Indiana
1904 S. H e a t o n
Knox, Indiana
NP
Branch
Fort M a d i s o n B a n k & Trust C o m p a n y
Fort Madison, Iowa
H y - V e e F o o d Store
2606 A v e n u e L
Fort Madison, Iowa
NP - 6-17-95
Branch
B a n k of L a k e v i e w
Lakeview, M i c h i g a n
10049 B u c h a n a n R o a d
Stanwood, M i c h i g a n
NP
- **
.
Merger/Branch
M&I M a r s h a l l & I l sley Bank
Milwaukee, W i s c o n s i n
M&I So u t h Shore B ank
S o u t h Milwaukee, W i s c o n s i n
5656 S o u t h P a c k a r d Avenue
Cudahy, W i s c o n s i n
1001 M a r q u e t t e A v e n u e
S o u t h Milwaukee, W i s c o n s i n
NP
- **
Branch
B y r o n C e n t e r State Ban k
B y r o n Center, M i c h i g a n
4350 44th Street
Grandville, M i c h i g a n
NP
- 5-19-95
Branch
F a rmers B a n k of Mou n t P u laski
M t . Pulaski, Illinois104 West Cooke Street
M t . Pulaski, Illinois
NP
- 5-1-95
Membership
L i b e r t y v i l l e Bank & Trust C o m p a n y
L i b e r t y v i l l e , Illinois (in organization)
To become a m e m b e r of the F e deral R e s e r v e
System
N
**
Federal Reserve Bank of Chicago
S e c t i o n I - A p p l i c a t i o n s Su b j e c t to N e w s p a p e r
Notice Only
C omment P e r i o d
E n d i n g D ate
Typ e
Application
Branch
NBD Bank
Detroit, M i c h i g a n
S o u t h f i e l d - O u t e r Drive
8000 West O u t e r Drive
Detroit, M i c h i g a n
NP
- 6-16-95
Branch
N o r t h Shore C o m m u n i t y B a n k & Trust C o m p a n y
Wilmette, Illinois
722 12th Street
Wilmette, Illinois
NP
- **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
E n d i n g Dat e
Ty p e
Application
Reg K
C a i s s e N a t i o n a l e De Credit A g r i c o l e
Paris, Fran c e
to e s t a b l i s h a R e p r e s e n t a t i v e O f f i c e
in H o u s t o n T e x a s
FR - **
NP - **
Co C - H C
Del h i Bancshares, Inc.
Delhi, Iowa
B y B e r n a r d D. Co o p e r
FR - 6-6-95
NP - 6-15-95
Y-l
F o u r s q u a r e Cornerstone, Inc.
B r o okfield, W i s c o n s i n
Cornerstone Bank
Brookfield, W i s c o n s i n * (in o r g a nization)
FR - 6-16-95
NP - 6-12-95
Co C - H C
Huxley Bancorp
Huxley, Iowa
By W i l l i a m A. M oore
FR - 6-8-95
N P - 6-15-95
Y-2
A s s o c i a t e d Banc-Corp.
G r e e n Bay, W i s c o n s i n
GN Bancorp, Inc.
Chicago, Illinois
G l a d s t o n e - N o r w o o d Trust and S a v i n g s B a n k
Chicago, Illinois*
FR - 6-29-95
N P - 6-21-95
Y-2
A s s o c i a t e d Illinois B a n c - C o r p
G r e e n Bay, W i s c o n s i n
G N Bancorp, Inc.
Chicago, Illinois
G l a d s t o n e - N o r w o o d Trust and Sa v i n g s B a n k
Chicago, Illinois*
FR - 6-29-95
NP - 6-21-95
Y-l
L i b e r t y v i l l e Bancorp, Inc.
FR - **
Lake Forest, Illinois
NP - **
L i b e r t y v i l l e B a n k & Trust C o m p a n y ( i n organ i z a t i o n )
L i b e r t yville, Illinois
Y-l N o t i c e
C.B. B a n k Shares, Inc.
FR - **
R u s siaville, I n diana
N P - 6-23-95
C e n t r a l B ank
R u s siaville, Indiana (formerly C e n t r a l N a t i o n a l
B a n k of H o w a r d County)
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Type
Application
Y-l
C a p i t o l Bankshares,
Inc.
Madison, W i s c o n s i n
Capitol Bank
Madison, W i s c o n s i n (in o r g a n i z a t i o n ) *
FR
NP
Y-2
Lincoln Bancorp
Reinbeck, Iowa
Garwin Bancorporation
Garwin, Iowa
F a r m e r s Sa v i n g s Bank
Garwin, Iowa*
FR - 7-10 - 9 5
N P - **
- 7-6-95
- 7-6-95
Federal Reserve Bank of Chicago
S e c t i o n III
- A p p l i c a t i o n s Subject to F e deral R e g i s t e r
Notice Only
Comment Period
E n d i n g D ate
Type
Application
4 (c) (8)
St. F r a n c i s Ca p i t a l C o r p o r a t i o n
FR - **
Milwaukee, W i s c o n s i n
to e n g a g e in the sale of a n n u i t i e s t h r o u g h
its subsidiary, St. Francis Insurance
S e r v i c e s Corp., Milwaukee, W i s c o n s i n
4(c) (8)
First N a t i o n a l C o m p a n y
S t o r m L a k e , Iowa
to e n g a g e in the b usiness of a b s t r a c t i n g
4 (c) (8)
S t a t e Banco, Ltd.
S p i r i t Lake, Iowa
to e n g a g e d i r e c t l y in making, acquiring,
or s e r v i c i n g loans or other e x t e n s i o n s of
c r e d i t for the c o m p a n y ’s account or for
the ac c o u n t of others
FR - 6-14-95
4 (c) (8)
Lincoln Bancorp
Reinbeck, Iowa
G a r w i n I n surance
Garwin, Iowa
FR - 7-10-95
4(c) (8)
Marshall & Ilsley Corporation
Milwaukee, W i s c o n s i n
M u t u a l Services, Inc.
Braintree, M a s s a c h u s e t t s
FR - 7-3-95
4(c) (8)
A s s o c i a t e d Banc-Corp.
G r e e n Bay, W i s c o n s i n
G r e a t N o r t h e r n M o r tgage
R o l l i n g Meadows, Illinois
FR - **
4(c) (8)
C a i s s e N a t i o n a l e de Credit A g r i c o l e
F R - **
Paris, Fra n c e
to b e c o m e a m e m b e r firm a n d a c l e a r i n g m e m b e r
of Coffee, S u g a r & Cocoa Exchange, Inc.
N e w York, N e w York, t h rough its
subsidiary, Credit A g r i c o l e Futures, Inc.
4 (C) (8)
GNB B a n c o r p o r a t i o n
G r u n d y Center, Iowa
G N B F i n a n c i a l Co.
G r u n d y Center, Iowa
FR - 6-13-95
FR - **
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
-None-
N
- Newspaper
FR - F e deral R e g i s t e r
* - S u b j e c t to P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t A c t
* * - Not a v a i l a b l e at this time
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The f o l l o w i n g sta t e m e m b e r b a n k s have b e e n e x a m i n e d b y the F e d e r a l R e s e r v e
Bank of C h icago for compliance w i t h the CRA.
The 3 0 -day b u s i n e s s d a y p e r i o d
the bank has to make the e v a l u a t i o n p u b l i c has l a p s e d d u r i n g t h e w e e k e n d i n g
June 16, 1995.
If y o u are i n t e r e s t e d in o b t a i n i n g a c o p y of t h e e v a l u a t i o n
document, p l e a s e c o n t a c t the bank(s) directly.
I d e n t i f i c a t i o n of R a t i n g s
O-An i n s titution in this gro u p has an o u t s t a n d i n g r e c o r d of, a n d is a le a d e r
in,
a s c e r t a i n i n g a n d h e l p i n g to meet the credit n e e d s of
its entire
delineated community, including low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a
m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s and capabilities.
3-An institution in this gro u p has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g and
h e l p i n g to m e e t
the c r e d i t n e e d s of its e n t i r e d e l i n e a t e d community,
including low- and moderat e - i n c o m e neighborhoods, in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s a n d c a p a b i l i t i e s .
N I - A n i n s t i t u t i o n in this g r o u p nee d s to improve its o v e r a l l r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to m e e t the credit nee d s of its e n t i r e d e l i n e a t e d
community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
in a m a n n e r
c o n s i s t e n t w i t h its r e s o u r c e s a n d capabilities.
SN- A n i n s t i t u t i o n in this g r o u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to m e e t the credit needs of its e n t i r e d e l i n e a t e d
community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
in a m a n n e r
c o n s i s t e n t w i t h its r e s o u r c e s a n d capabilities.
BANK NAME/LOCATION
-Blencoe S t a t e B a n k
401 M a i n S t r e e t
P .O . B o x 3 8
Blencoe, Iowa
51523
(712) 4 5 2 - 2 2 9 1
E X A M I N A T I O N DATE
3/20/95
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JUNE 16, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
None.
A p p Iication
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by National Commerce
Bancorporation, Inc., Memphis, Tennessee, to
engage in data processing activities through its
30 percent acquisition of Transplatinum Service
Corp., Nashville, Tennessee.
Not yet available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
Section 9 membership application by Winfield
Banking Company, Winfield, Missouri.
N/A
Section 9 membership application by First
Bank of Arkansas, Searcy, Arkansas.
N/A
Section 9 membership application by BayHermann-Berger Bank, Hermann, Missouri.
N/A
*This application is subject to CRA.
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
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
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
An institution in this group needs to improve its overall record o f ascertaining and helping to m eet 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 o f ascertaining and helping to m eet 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
June 16, 1995
Bank Address
Examination
Date
Examination
Rating
The Citizens Bank
Batesville, Arkansas
2/27/95
Satisfactory
The Peoples Bank & Trust
Company
Greenburg, Kentucky
3/13/95
Satisfactory
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
DCNB Holding Company, Clear Lake,
SD, to acquire 100% of the voting
shares of Deuel County National
Bank, Clear Lake, SD*
Not yet available
*
Watford City Bancshares, Inc.,
Watford City, ND, to acquire 100%
of the voting shares of the First
International Bank 6c Trust,
Scottsdale, AZ*
Not yet available
*Subiect to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Norwest Corporation, Minneapolis,
MN, to engage in securities
brokerage activities through
the acquisition of the brokerage
business of Valley-Hi National
Bank, San Antonio, TX
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
M6cl First Superior Bank,
Superior, WI, for prior approval
to become a member of the Federal
Reserve System
MONYCOR Bank of Superior, Superior, WI,
for prior approval to become a member
of the Federal Reserve System
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending June 16, 1995
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.
A n institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low*and moderate‘income neighborhoods,
in a manner consistent with its resources and capabilities.
BANK(S) EXAMINED
DATE OF EXAMINATION
CRA RATING
Plaza Park State Bank
PO Box 337
Waite Park, MN
56387
(612) 252-4200
February 27, 1995
Satisfactory
%
First Citizens Bank
of Butte
PO Box 3149
Butte, MT 59702-3149
March 9, 1995
Satisfactory
First State Bank of Warner
One Main Street
PO Box 8
Warner, SD 57479
(605) 225-9605
March 13, 1995
Satisfactory
Federal Reserve Bank o f Kansas City
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
BOK Financial Corporation, Tulsa, Oklahoma, for
prior approval to acquire 9.9 percent of the voting
shares of Liberty Bancorp, Inc., Oklahoma City,
Oklahoma.*
July 14, 1995
Pony Express Bancorp, Inc., Elwood, Kansas, for
prior approval to acquire 100 percent of the voting
shares of Farmers State Bank, Lucas, Kansas.*
July 14, 1995
SECTION
in
- APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
First National of Nebraska, Inc., Omaha, Nebraska,
for prior approval to engage in de novo activities
through its subsidiary, First Technology Solutions,
Inc., Omaha, Nebraska, in providing data processing
services.*
July 5, 1995
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
Federal Reserve Bank o f Kansas City
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification o f Ratings
In connection with the assessment of each insured depository institution’s CRA performance, a
rating is assigned from the following groups:
O utstanding record o f m eeting 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 m eeting 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 im prove record of m eeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncom pliance in m eeting community credit needs
An institution in this group has a substantially deficient record 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
None.
*Application is subject to CRA.
Exam Date
CRA Public
Date
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 12, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP
APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
Change in Control Notice by
Grover Lynn Shade, Muldoon, TX, and
Nelda Sue Shade, Muldoon, TX, to acquire an interest in
Lost Pines Bancshares, Inc., Smithville, TX
N/A
♦Section 3(a)(1) application by
UB&T Financial Corporation, Dallas, TX, to acquire
UB&T Delaware Financial Corporation, Dover, DE, and
United Bank & Trust, N.A., Dallas, TX
(Previously reported during the week of 5-8-95)
6/07/95
♦Section 3(a)(1) application by
UB&T Delaware Financial Corporation, Dover, DE, to
acquire United Bank & Trust, N.A., Dallas, TX
(Previously reported during the week of 5-8-95)
6/07/95
♦Section 3(a)(1) application by
Andrews Bancshares, Inc., Andrews, TX, to acquire
Andrews Delaware Financial Corporation, Dover, DE, and
National Bank of Andrews, Andrews, TX
(Previously reported during the week of 5-15-95)
6/06/95
♦Section 3(a)(1) application by
Andrews Delaware Financial Corporation, Dover, DE,
to acquire National Bank of Andrews, Andrews, TX
(Previously reported during the week of 5-15-95)
6/06/95
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
N one.
NOTICE EXP
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JUNE 12. 1995
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 Noncompl1ance 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 6/16/95
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Los Robles Bancorp, Thousand Oaks, California, to
become a bank holding company by acquiring Los
Robles Bank, Thousand Oaks, California. *
Newspaper:
7/07/95
Kittitas Valley Bancorp, Ellensburg, Washington,
Newspaper:
to become a bank holding company by acquiring
Kittitas Valley Bank, N.A., Ellensburg, Washington. *
6/21/95
Refiled: Bank of America Nevada, Las Vegas,
Nevada, to establish a branch office at
4361 North Rancho, Las Vegas, Nevada. *
5/12/95
Newspaper:
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Neighborhood Bancorp, San Diego, California,
to become a bank holding company by acquiring
Neighborhood Development Bank, National
Association (In Organization), San Diego,
California. *
Fed. Reg.:
7/10/95
Newspaper:
6/22/95
Section III -Applications Subject to Federal Register Only
First Hawaiian, Inc., Honolulu, Hawaii, to expand
the geographic scope of leasing personal and real
property to be worldwide through First Hawaiian
Leasing, Inc., Honolulu, Hawaii.
Fed. Reg.:
7/07/95
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CftA.
FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t ’ d . )
Week ending 6/16/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending June 16, 1995.
Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution
Location
First American
8941 E. Valley Blvd.
Rosemead, CA 91770-1831
(818) 287-6100
2/13/95
Satisfactory
Garfield Bank
2417 W. Whittier Blvd.
Montebello, CA 90640-3040
(213) 726-1411
3/06/95
Satisfactory
Tehama County
237 S. Main Street
Red Bluff, CA 96080-0890
(916) 529-0436
2/27/95
Satisfactory
Examination Date
♦Under the rating system an institution’s CRA performance
following
four ratings:
Rating*
is assigned one of the
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 noncompliance in meeting community credit needs:
An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
@FedFRASER