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ANNOUNCEMENT Pc v r *a BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM i ~ n »& ; / nu • &j of the Board, its Staff, and the Federal Reserve Banks; ^Applications and Reports Received ’$$ek Ending June 18, 1994 I i.. ., _ ... ... .. ACTIONS TAKEN BY THE BOARD OF 00%^N6R«-X’ib'* '>A TESTIMONY AND STATEMENTS Community Development, Credit Enhancement, and Regulatory Improvement Act of 1994 (H.R. 3474) -statement by Governor LaWare before the Subcommittee on Telecommunications and Finance of the House Committee on Energy and Commerce, June 14, 1994. Published, June 14, 1994. ADVISORY COUNCILS Consumer Advisory Council -- request for nominations for thirteen new members. Announced, June 17, 1994. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Atlanta Bank of Albertville, Albertville, Alabama --t o establish a branch at 2333 U.S. Highway 431, Boaz, Alabama. Approved, June 15, 1994. Kansas City First State Bank of Taos, Taos, New Mexico --t o establish a branch at 4200 Meadowlark, Suite 2, Rio Rancho, New Mexico, and in 1995 to relocate this facility to 19th Street and State Road 528 in the Gateway North subdivision in Rio Rancho. Approved, June 14, 1994. Boston Fleet Bank-NH, Nashua, New Hampshire - - t o establish a mobile off-premises electronic facility to be operated throughout New Hampshire. Approved, June 13, 1994. H.2 JUNE 12, 1994 PAGE 2 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Dallas Wellington State Bank, Wellington, Texas -- to establish a branch at 405 Alan L. Bean Boulevard, Wheeler, Texas. Approved, June 15, 1994. BANK HOLDING COMPANIES Chicago Amcore Financial, Inc., Rockford, Illinois -- to acquire First State Bancorp of Princeton; Inc., Princeton; and First Bank of Gridley, Gridley; First State Bank of Princeton, Princeton; and First Bank of Ashton-Rochelle, Ashton, Illinois. Approved, June 17, 1994. San Francisco BankAmerica Corporation, San Francisco, California -to acquire United Mortgage Holding Company, Bloomington, Minnesota. Approved, June 17, 1994. Chicago Comerica Incorporated, Detroit, Michigan, and Comerica Texas Incorporated, Dallas, Texas -- to acquire Lockwood Banc Group, Inc., Houston, Texas, and Lockwood National Bank of Texas, Houston, Texas. Approved, June 14, 1994. Secretary Compass Bancshares, Inc., Birmingham, Alabama -- to engage de novo in lending activities. Permitted, June 14, 1994. St. Louis First Bank Corp., Fort Smith, Arkansas -- to acquire Vista Bancorporation, Inc., Van Buren, Arkansas, and Citizens Bank and Trust Company. Approved, June 15, 1994. St. Louis First Banks, Inc., Clayton, Missouri -- proposal to operate a savings association through acquisition of St. Charles Federal Bancshares Inc., St. Charles, Missouri, and to acquire St. Charles Federal Savings and Loan Association. Approved, June 15, 1994. H.2 JUNE 12, 1994 PAGE 3 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary First Commercial Corporation, Little Rock, Arkansas * to acquire United American Bancshares, Inc, Palestine, Texas, and The First National Bank of Palestine. Approved, June 15, 1994. Chicago Firstar Corporation, Milwaukee, Wisconsin, and Firstar Corporation of Wisconsin - -to acquire First Southeast Banking Corp., Lake Geneva; First Bank Southeast, N.A., Milwaukee, and First Bank Southeast of Lake Geneva, N.A., Lake Geneva, Wisconsin. Returned, June 16, 1994. Chicago Heartland Financial USA, Inc., Dubuque, Iowa -- to acquire Keokuk Bancshares, Inc., Keokuk, Iowa, and First Community Bank, A Federal Savings Bank, and engage in discount brokerage services, and acting as principal, agent or broker for credit related insurance through KFS Services, Inc. Approved, June 16, 1994. Cleveland Kingston Bancshares, Inc., Kingston, Ohio -- to acquire Kingston National Bank. Approved, June 13, 1994. Cleveland McCreary Bancshares, Inc., Whitley City, Kentucky to acquire First Trust and Savings Bank, Oneida, Tennessee. Approved, June 13, 1994. St. Louis Mercantile Bancorporation Inc., St. Louis, Missouri - proposal that United Postal Savings Association merge with Mercantile Bank of St. Louis, N.A. Approved, June 14, 1994. St. Louis Mercantile Bancorporation Inc., St. Louis, Missouri - proposal that Mercantile Bank of Pike County, Bowling Green, Missouri, purchase certain assets and assume the deposit liabilities of the Troy, Missouri, agency of United Postal Savings Association. Approved, June 14, 1994. H .2 JUNE 12, 1994 PAGE 4 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Morrill Bancshares, Inc., Sabetha, Kansas -- to acquire an additional 2.48 percent of the shares of Morrill & Janes Bancshares, Inc., Hiawatha, Kansas. Approved, June 14, 1994. Dallas Northwest Bancorporation, Inc., Houston, Texas -- to engage de novo in trust company activities through Coronado Financial Group, Inc. Permitted, June 16, 1994. St. Louis Prescott Bancshares, Inc., Prescott, Arkansas -- to acquire First State Holding Company of Prescott, and Bank of Prescott. Approved, June 14, 1994. Director, BS&R Societe Generale, Paris, France, determination that Societe Generale Options-North America, Inc., Philadelphia, Pennsylvania, may act as a registered options trader on PHLX with respect to options on the French franc. Granted, June 14, 1994. Atlanta South Banking Company, Alma, Georgia --to engage de novo in data processing and data transmission services through Bankers Data Services, Inc. Permitted, June 12, 1994. Atlanta Westside Financial Corporation, Kennesaw, Georgia -to acquire Westside Bank and Trust Company. Approved, June 17, 1994. BANK MERGERS Chicago Chemical Bank and Trust Company, Midland, Michigan -to acquire the Freeland, Michigan, office of Standard Federal Bank, Troy, Michigan. Approved, June 15, 1994. Dallas Wellington State Bank, Wellington, Texas - - t o merge with First National Bank in Wheeler, Wheeler, Texas. Approved, June 15, 1994. H.2 JUNE 12, 1994 PAGE 5 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Atlanta Bank of Albertville, Albertville, Alabama -investment in bank premises. Approved, June 15, 1994. Dallas Wellington State Bank, Wellington, Texas -investment in bank premises. Approved, June 16, 1994. Chicago 1st Source Bank, South Bend, Indiana -- investment in bank premises. Approved, June 16, 1994. BANKS. STATE MEMBER Kansas City First Security Bank, Newcastle, Wyoming -- payment of a dividend. Approved, June 13, 1994. CAPITAL STOCK Chicago Peoples Bancorp, Inc., Prairie de Chien, Wisconsin -redemption of shares. Approved, June 13, 1994. CHANGE IN BANK CONTROL St. Louis Community First Financial Group, Inc., English, Indiana -- change in bank control. Permitted, June 14, 1994. Chicago Peoples Bancorp, Inc., Prairie du Chien, Wisconsin -change in bank control. Permitted, June 13, 1994. COMPETITIVE FACTORS REPORTS Cleveland American Slovak Building and Loan Association of McKees Rocks, McKees Rocks, Pennsylvania, proposed merger with Slovak Savings Bank, Pittsburgh, Pennsylvania -- report on competitive factors. Submitted, June 17, 1994. H.2 JUNE 12, 199*4 PAGE 6 TO JUNE 17, 199*4 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Bank of Ashdown, N.A., Ashdown, Arkansas, proposed purchase of the assets and assumption of the liabilities of the Ashdown branch of United Federal Savings Bank -- report on competitive factors. Submitted, June 1 4 , 1 9 9 4 . Cleveland Bank One, West Virginia, Huntington, National Association, Huntington, West Virginia, proposed merger with all Banc One affiliates in West Virginia -- report on competitive factors. Submitted, June 1 7 , 1 9 9 4 . St. Louis Citizens First Bank, Little Rock, Arkansas, proposed acquisition of the assets and assumption of the liabilities of New Federal Savings Bank, Sheridan, Arkansas -- report on competitive factors. Submitted, June 1 7 , 1 9 9 4 . Kansas City Colorado National Bank, Denver, Colorado, proposed merger with Green Mountain Bank, Lakewood, Colorado -- report on competitive factors. Submitted, June 1 5 , 1 9 9 4 . St. Louis Commonwealth Community Bank, Inc., Hartford, Kentucky, proposed merger with Bank of Fordsville, Fordsville, Kentucky -- report on competitive factors. Submitted, June 15, 1994. Boston Eastern Bank, Lynn, Massachusetts, proposed acquisition of substantially all of the assets and assumption of liability to pay deposits made in Saugus Bank & Trust Company, Saugus, Massachusetts -- report on competitive factors. Submitted, June 17, 1994. Philadelphia Farmers1 and Mechanics1 Savings Bank, FSB, Burlington, New Jersey, proposed acquisition of the deposit liabilities of the Beverly branch of Bordentown Peoples Savings and Loan Association, Bordentown, New Jersey -- report on competitive factors. Submitted, June 16, 1994. H .2 JUNE 12, 1994 PAGE 7 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia First Fidelity Bank, N.A., Salem, New Jersey, proposed merger with First Fidelity Bank, N.A., New York, Riverdale (The Bronx), New York -- report on competitive factors. Submitted, June 16, 1994. Atlanta Home Bancshares, Inc., Hollywood, Florida -- to become a savings and loan holding company through proposed mutual-to-stock conversion of Home Financial Corporation, M.H.C., and Home Savings Bank, F.S.B. -- report on competitive factors. Submitted, June 13, 1994. Cleveland Mt. Victory Interim State Bank, Mount Victory, Ohio, proposed merger with The Mt. Victory State Bank -report on competitive factors. Submitted, June 17, 1994. Kansas City National Bank of Commerce Trust and Savings Association, Lincoln, Nebraska, proposed merger with Lincoln Bank South -- report on competitive factors. Submitted, June 17, 1994. St. Louis Peoples Bank, Ripley, Mississippi, proposed acquisition of certain assets and assumption of the liability to pay the deposits of The Bank of Walnut, Walnut, Mississippi -- report on compet it ive factors. Submitted, June 13, 1994. St. Louis South County Bank, Ashland, Missouri, proposed merger with Boone County National Bank of Columbia, Columbia, Missouri -- report on competitive factors. Submitted, June 15, 1994. St. Louis United Missouri Bank of St. Louis, N.A., St. Louis, Missouri, proposed merger with UMB First National Bank, Collinsville, Illinois -- report on competitive factors. Submitted, June 15, 1994. H .2 JUNE 12, 1994 PAGE 8 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME St. Louis Allendale Bancorp, Inc., Allendale, Illinois -extension to September 28, 1994, to acquire First National Bank of Allendale. Granted, June 17, 1994. Atlanta Barnett Banks, Inc., Jacksonville, Florida -extension to September 23, 1994, to engage de novo in acting as agent in private placement of securities through Barnett Securities, Inc. Granted, June 15, 1994. San Francisco Cho Hung Bank, Seoul, Korea -- extensions to divest certain properties. Granted, June 15, 1994. San Francisco Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -extension to September 14, 1994, to engage de novo in trading, for its own account, in options and futures contracts with respect to certain bankeligible securities and money market instruments through DKB Securities Corporation, New York, New York. Granted, June 15, 1994. Dallas First National Bank of Clovis ESOT, Clovis, New Mexico -- extension to September 9, 1994, to acquire National Bancshares, Inc. Granted, June 14, 1994. Atlanta N.W. Services Corporation, Ringgold, Georgia -extension to June 12, 1995, to achieve change in bank control. Granted, June 13, 1994. St. Louis Union Planters Corporation, Memphis, Tennessee -extension to July 25, 1994, to acquire Liberty Bancshares, Inc., Paris, Tennessee, and Liberty Federal Savings Bank. Granted, June 17, 1994. H .2 JUNE 12, 1994 PAGE 9 TO JUNE 17, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Richmond Page Valley Bank, Luray, Virginia (successor to the Page Valley National Bank) -- to become a member of the Federal Reserve System. Approved, June 13, 1994. ADDITIONS AND CORRECTIONS H .2 JUNE 12, 199*4 PAGE 10 TO JUNE 17, 199*4 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Farm Credit System Banks and the Student Loan Marketing Association -- determination that they are financial institutions for purposes of netting provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991. Granted, June 6, 199*4. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Philadelphia First Fidelity Bancorporation, Lawrenceville, New Jersey -- to acquire First Fidelity Bank, FSB, Beltsville, Maryland. Approved, June 10, 199*4. Philadelphia Wilmington Trust Corporation, Wilmington, Delaware -proposal that Wilmington Trust FSB, Salisbury, Maryland, acquire certain assets and assume certain liabilities of one branch of John Hanson Federal Savings Bank. Approved, June 10, 199*4. CAPITAL STOCK Minneapolis Consolidated Holding Company, Oldham, South Dakota redemption of shares. Returned, June 6, 199*4. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Atlantic Bancorp, Portland, Maine - 3 ( a ) (1) application to acquire Citibank (Maine) N.A., South Portland, Maine* Newspaper Federal Register 07-01-94 07-05-94 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; - Needs to Improve; "SN" - Substantial Noncompliance. "N" Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Publie Comment______ None. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending June 18, 1994 NAME OF BANK RATING EXAMINATION DATE None. H| (N| ro| / / / 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending June 17. 1994. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities• Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location None Examination Date CRA Rating Federal R eserve Bank of C leveland P. O. BOX 6387 CLEVELAND. OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending June 1 8 .1 9 9 4 ) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received OAKAR application from KeyCorp, Cleveland, Ohio, on May 27, 1994, to acquire State Home Savings Bank, FSB, Bowling Green, Ohio, and merge it into Society Interim Savings Bank, Toledo, Ohio. *June 27, 1994 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3 (a )(5 ) application from Community First Financial, Inc., Maysville, Kentucky, on June 16, 1994, to acquire Community Independent Financial, Inc., and Community Financial Bancorp, Inc., both of Maysville, Kentucky. *Not Yet Known # Received Section 3 (a )(1 ) application from Peoples Bancorp of Mt. Pleasant, Inc., Mount Pleasant, Ohio, on June 16, 1994, to acquire The Peoples National Bank o f Mt. Pleasant, Mount Pleasant, Ohio. *Not Yet Known # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 (c )(8 ) application from First Commonwealth Financial Corporation, Indiana, Pennsylvania, on June 15, 1994, to acquire Reliable Financial Corporation Bridgeville, Pennsylvania. * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to end approximately 30 days from date o f application's receipt # # - Expected to end approximatley 18 days from date o f application's receipt Not Yet Know # Federal R eserve Bank of Cleveland P. O. BOX 6387 CLEVELAND, OHIO 44101-1387 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 (c )(8 ) notice from Farmers Bancorp, Nicholasville, Kentucky, on June 13, 1994, of its intent to engage de novo in consumer finance activities through a wholly-owned subsidiary, Farmers Financial Credit Co., Nicholasville, Kentucky. July 13, 1994 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None * * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to end approximately 30 days from date o f application's receipt # # - Expected to end approximatley 18 days from date o f application's receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (June 17, 1994) 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 17, 1994. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IM PROVE: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: 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 Highlands Union Bank, Abingdon, Virginia, to establish a branch at 164 Jonesborough Road, Abingdon, Virginia.* 7-10-94 Centura Bank, Rocky Mount, North Carolina, to establish an Electronic Funds Transfer Facility in the Wal-Mart at 1423 East Dixie Drive, Asheboro, North Carolina.* 7-11-94 Centura Bank, Rocky Mount, North Carolina, to establish an Electronic Funds Transfer Facility in the Wal-Mart at 1116 Crossroads Driver, States ville, North Carolina.* 7-11-94 Centura Bank, Rocky Mount, North Carolina, to establish an Electronic Funds Transfer Facility in the Sam's at 2435 Highway 70 SE, Hickory, North Carolina.* 7-11-94 Centura Bank, Rocky Mount, North Carolina, to establish an Electronic Funds Transfer Facility in the Sam's at 7100 Forest Point Boulevard, Charlotte, North Carolina.* 7-11-94 Centura Bank, Rocky Mount, North Carolina, to establish an Electronic Funds Transfer Facility in the Sam's at 1801 Windsor Square Drive, Charlotte, North Carolina.* 7-11-94 First Virginia Bank, Falls Church, Virginia, to establish a branch at Lee's Hill Commercial Center located approximately one block east of the intersection of Mine Road and Jefferson Davis Highway, Fredericksburg, (Spotsylvania County), Virginia.* 7-11-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application FCFT, Inc., Princeton, West Virginia, to acquire 19% of the voting shares of Hinton Financial Corporation, Hinton, West Virginia. *Application is subject to CRA requirements. Comment Period Ending Date 7-16-94 Federal Reserve Bank of Richmond Section Ill - 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. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending June 17, 1994 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating Bank of the Potomac, Inc 230 Herndon Parkway Herndon, Virginia 22070 3-28-94 Satisfactory Citizens Bank of Tazewell 643 E. Riverside Drive Tazewell, Virginia 24651 3-28-94 Satisfactory 3-28-94 Satisfactory Putnam County Bank P. 0. Box 308 Hurricane, West Virginia 25526 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 17. 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Alabama Exchange Bank Not yet available* Tuskegee, Alabama To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Bank of Dadeville Not yet available* Dadeville, Alabama To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Citizens Bank of Talladega Not yet available* Talladega, Alabama To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Gulf Bank Not yet available* Orange Beach, Alabama To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Merchants Bank Not yet available* Vicksburg, Mississippi To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date SouthTrust Corporation 07-11-94* Birmingham, Alabama Federal Register Along with its second-tier subsidiary, SouthTrust of Mississippi, Inc., Birmingham, Alabama, to merge with First Jefferson Corporation, Biloxi, Mississippi, and thereby directly acquire The Jefferson Bank, Biloxi, Mississippi, pursuant to Section 3(a)(5) 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 17. 1994 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Horizon Bancshares, Inc. Not yet available* Pensacola, Florida 1-BHC formation, Horizon Bank of Florida, Pensacola, Florida. Southwest Banks, Inc. Naples, Florida To acquire Cape Coral National Bank, Cape Coral, Florida (in organization), pursuant to Section 3(a)(3) of the Bank Holding Company Act. 07-05-94* Federal Register FNB Bancshares, Inc. Springfield, Georgia 1-BHC formation, First National Bank of Effingham, Springfield, Georgia. Not yet available* SNB Bancshares, Inc. Macon, Georgia 1-BHC formation, Security National Bank, Macon, Georgia. Not yet available* Wrightsville Bancshares, Inc. 07-06-94* Wrightsville, Georgia Federal Register After-the-fact change in control notice by Thomas Luther Lovett to retain .6 percent of the outstanding shares of common stock of Wrightsville Bancshares, Inc., Wrightsville, Georgia. Total ownership equals 13.52 percent. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date First Alliance Bancorp, Inc. Marietta, Georgia To acquire 80 percent of Interim Alliance Corporation D/B/A Alliance Finance, Smyrna, Georgia, pursuant to Section 4( c ) (8) of the Bank Holding Company Act, and to engage in consumer finance activities, pursuant to Section 225.25(b)(1)(i ) of Regulation Y. *Subject 07-11-94 to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 17, 1994 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Deposit Guaranty Acquisition Corp. (Acquisition Corp.) Jackson, Mississippi Request for waiver of the application requirement of Section 3(a)(1) of the Bank Holding Company Act for the proposal by Acquisition Corp., a direct subsidiary of Deposit Guaranty National Bank (DG Bank) and an indirect subsidiary of Deposit Guaranty Corporation (DGC), to become a bank holding company by acquiring D G C 's subsidiaries, First Columbus Financial Corporation (Columbus Corp.) and First Columbus National Bank (Columbus Bank). Acquisiton Corp., Columbus Corp., and Columbus Bank will immediately merge into DG Bank.* *Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 17. 1994 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including 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 helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank First United Bank 980 North Federal Highway Boca Raton, Florida 33432 (407)392-4000 Rating Date Satisfactory 02-28-94 Community Bank of Charlotte Satisfactory Post Office Box 2490 Port Charlotte, Florida 33949 (813)743-4948 03-17-94 Emerald Coast State Bank Post Office Box 3040 Fort Walton Beach, Florida (904)244-9293 03-07-94 Needs to Improve 32548 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Oakar M&I Mid-State Bank, N.A. Stevens Point, Wisconsin Valley Bank Western, F.S.B. Sparta, Wisconsin Member North Shore Community Bank & Trust Company Wilmette, Illinois (in organization) to become a member of the Federal Reserve System N - 6-17-94 Branch New Asia Bank Chicago, Illinois 8301 Cass Avenue Darien, Illinois N - 6-13-94 Branch Westby-Coon Valley State Bank Westby, Wisconsin 420 Commerce Street West Salem, Wisconsin N - 6-27-94 Merger/Branch Old Kent Bank Elmhurst, Illinois Edgemark Bank-Lombard Lombard, Illinois Merchandise National Bank Chicago, Illinois Edgemark Bank-Rosemont Rosemont, Illinois Edgewood Bank Countryside, Illinois N - ** Membership Cedar Valley State Bank St. Ansgar, Iowa To become a member of the Federal Reserve System N Branch Prairie Bank and Trust Company N Bridgeview, Illinois North East Corner of Rte 6 and 179th Street Orland Park, Illinois N - 6-13-94 - ** 7-1-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Baylake Corp. Sturgeon Bay, Wisconsin Kewaunee County Banc-shares, Inc. Kewaunee, Wisconsin State Bank of Kewaunee Kewaunee, Wisconsin* FR - 5-31-94 N - 6-15-94 Y-l Bellevue State Bank Employee Stock Ownership Plan Bellevue, Iowa Bellevue Service Company Bellevue, Iowa Bellevue State Bank Bellevue, Iowa* FR - 6-20-94 NP - ** CoC Dysart Bancshares, Inc. Dysart, Iowa Gordon H. Griffin Estate FR - ** NP - ** Y-2 Republic Bancorp, Inc. Ann Arbor, Michigan Horizon Savings Bank Beachwood, Ohio* FR - 6-13-94 N - 6-13-94 Y-2 Horizon Bancorp Employees Stock Ownership Plan Michigan City, Indiana Horizon Bancorp Michigan City, Indiana First Citizens Bank N.A. Michigan City, Indiana* FR - 6-20-94 NP - 6-15-94 Y-l AJJ Bancorp, Inc. Elkader, Iowa Central State Bank Elkader, Iowa* FR - 6-17-94 NP - ** Y-l First National Bancorp Farragut, Iowa First National Bank of Farragut Farragut, Iowa* FR - 6-24-94 NP - 6-19-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-l Wintrust Investments, Inc. Lake Forest, Illinois North Shore Community Bank & Trust Company (in organization) Wilmette, Illinois* Y-2 FR - 7-8-94 First of America Bank Corporation NP ** Kalamazoo, Michigan First Park Ridge Corporation Chicago, Illinois Bank of Buffalo Grove Buffalo Grove, Illinois First State Bank and Trust Company of Park Ridge Park Ridge, Illinois* Y-l First of America Acquisition Company FR 7-8-94 Park Ridge, Illinois NP ** First Park Ridge Corporation Chicago, Illinois Bank of Buffalo Grove Buffalo Grove, Illinois First State Bank and Trust Company of Park Ridge Park Ridge, Illinois* Y-l St. Francis Capital Corporation Milwaukee, Wisconsin Valley Bank, East Central Kewaskum, Wisconsin* FR - ** NP ** Y-l Grant Park Bancshares, Inc. Alton, Illinois First National Bank of Grant Park Grant Park, Illinois* FR - 6-20-94 NP ..- 6-25-94 Y-2 Northwest Illinois Bancorp, Inc. Freeport, Illinois Tri-State Bank and Trust Company East Dubuque, Illinois* FR - 7-8-94 NP - ** FR - 6-27-94 NP - 6-17-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 FR - 6-17-94 Bank of Montreal NP - 6-19-94 Montreal, Canada Suburban Bancorp, Inc. Palatine, Illinois Marengo State Bank Marengo, Illinois Suburban Bank of Hoffman-Schaumburg Schaumburg, Illinois Suburban Bank of Oakbrook Terrace Oakbrook Terrace, Illinois Suburban Bank of Barrington Barrington, Illinois Suburban Bank of Cary-Grove Cary, Illinois Suburban Bank of Rolling Meadows Rolling Meadows, Illinois Suburban Bank of Westbrook Westchester, Illinois Suburban National Bank Aurora, Illinois Suburban National Bank of Elk Grove Village Elk Grove Village, Illinois Suburban National Bank of Palatine Palatine, Illinois State Bank of Woodstock Woodstock, Illinois State Bank of Huntley Huntley, Illinois Huntley Acquisition Corp. Huntley, Illinois Woodstock Acquisition Corp. Woodstock, Illinois Suburban Bank of Bartlett Bartlett, Illinois* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 FR - 6-17-94 Bankmont Financial Corp. NP - 6-19-94 New York, New York Harris Bankmont, Inc. Chicago, Illinois Suburban Bancorp, Inc. Palatine, Illinois Suburban Bank of Hoffman-Schaumburg Schaumburg, Illinois Suburban Bank Oakbrook Terrace Oakbrook Terrace, Illinois Suburban Bank of Barrington Barrington, Illinois Suburban Bank of Bartlett Bartlett, Illinois Suburban Bank of Cary-Grove Cary, Illinois Suburban Bank of Rolling Meadows Rolling Meadows, Illinois Suburban Bank of Westbrook Westchester, Illinois Suburban National Bank Aurora, Illinois Suburban National Bank of Elk Grove Village Elk Grove Village, Illinois Suburban National Bank of Palatine Palatine,. Illinois State Bank of Woodstock Woodstock, Illinois State Bank of Huntley Huntley, Illinois Huntley Acquisition Corp. Huntley, Illinois Woodstock Acquisition Corp. Woodstock, Illinois Marengo State Bank Marengo, Illinois* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-l Harris Bankmont, Inc. FR - 6-17-94 Chicago, Illinois NP - 6-19-94 Suburban Bancorp, Inc. Palatine, Illinois Suburban National Bank Aurora, Illinois Suburban National Bank of Elk Grove Village Elk Grove Village, Illinois Suburban National Bank of Palatine Palatine, Illinois State Bank of Woodstock Woodstock, Illinois State Bank of Huntley Huntley, Illinois Huntley Acquisition Corp. Huntley, Illinois Woodstock Acquisition Corp. Woodstock, Illinois Marengo State Bank Marengo, Illinois Suburban Bank of Hoffman-Schaumburg Schaumburg, Illinois Suburban Bank of Oakbrook Terrace Oakbrook Terrace, Illinois Suburban Bank of Barrington Barrington, Illinois Suburban Bank of Cary-Grove Cary, Illinois Suburban Bank of Rolling Meadows Rolling Meadows, Illinois Suburban Bank of Westbrook Westchester, Illinois Suburban Bank of Bartlett Bartlett, Illinois* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 First American Bank Group, Ltd. Fort Dodge, Iowa Hill Investment Company Jewell, Iowa Farmers State Bank Jewell, Iowa Story County Bancorporation Jewell, Iowa American State Bank Ames, Iowa Agri Bancorporation Webster City, Iowa Farmers Bank & Trust Webster City, Iowa* FR - 7-8-94 NP - ** Y-2 Town Financial Corporation Hartford City, Indiana Pacesetter Bank of Hartford City Hartford City, Indiana Pacesetter Bank of Montpelier Montpelier, Indiana* FR N Y-2 First Citizens of Paris, Inc. Paris, Illinois Oakland National Bank Oakland, Illinois* FR - ** N - ** 5-31-94 7-10-94 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4 (c) (8) Horizon Bancorp Michigan City, Indiana Engage in lending activities FR - 6-15-94 4 (c) (8) Firstbank of Illinois Co. Springfield, Illinois FFG Trust, Inc. Springfield, Illinois - engage in trust company activities FR - 6-13-94 Y-4 Bellevue State of Employee Stock Ownership Plan Bellevue, Iowa Bellevue Insurance Agency Bellevue, Iowa - to engage in insurance activities FR - 6-20-94 4(c) (8) Peotone Bancorp, Inc. Peotone, Illinois To engage in data processing services FR - 6-22-94 4(c) (8) Southwest Bancorp, Inc. Worth, Illinois To engage in data processing services FR - 6-22-94 4(c) (8) H P Holding Company Oak Park, Illinois Pullman Capital Corporation Mishawaka, Indiana--To act as loan originator, packager, services & broker FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Type Application 4(c) (8) Hawkeye Bancorporation Des Moines, Iowa Hawkeye Guaranteed Loans, Inc.- Making, acquiring or servicing loans FR - ** 4(c) (8) ABN AMRO Bank N.V. Amsterdam, The Netherlands Engage in leasing activities thru Lease Plan (USA), Inc. FR - 6-29-94 4(c) (8) ABN AMRO Holding N.V. Amsterdam, The Netherlands Engage in leasing activities thru Lease Plan (USA), Inc. FR - 6-29-94 4(c) (8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Engage in leasing activities thru Lease Plan (USA), Inc. FR - 6-29-94 4 (c)(8) Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands Engage in leasing activities thru Lease Plan (USA), Inc. FR - 6-29-94 Y-4 Northwest Illinois Bancorp, Inc. Freeport, Illinois Tri-State Insurance Agency Inc. East Dubuque, Illinois to engage in general insurance agency FR - 7-8-94 Y-4 Bank of Montreal FR - 6-27-94 Montreal, Canada Government Pricing Information System, Inc. New York, New York Y-4 Bankmont Financial Corp. FR - 6-27-94 New York, New York Government Pricing Information System, Inc. New York, New York Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Date Type Application Y-4 First American Bank Group, Ltd. Fort Dodge, Iowa First American Credit Corporation Fort Dodge, Iowa Hill Land Company Fort Dodge, Iowa FR - 7- -94 4 (c) (8) Kerndt Bank Services, Inc. Lansing, Iowa Engage de novo in securities brokerage activities FR - ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Shorebank Corporation Chicago, Illinois To redeem 30 shares of voting stock from the Neighborhood Institute RoS Shorebank Corporation Chicago, Illinois To redeem 7.6 shares of its Series B2 preferred stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending June 17, 1994. 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NI - An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION EXAMINATION DATE RATINGS -First State Bank of Maple Park 1100 South County Road Maple Park, Illinois 60151 (815) 827-3251 3/14/94 S -Capac State Bank 206 North Main Street Capac, Michigan 48014 (313) 395-4313 3/07/94 S -LaSalle State Bank 654 First Street, P.O. Box 462 LaSalle, Illinois 61301-2438 (815) 223-8800 3/14/94 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING June 17, 1994 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period ★Section 3(a)(3) application by Country Bancshares, Inc., Hull, Illinois, to acquire Paloma Bancshares , Inc., Paloma, Illinois. Newspaper: 7-7-94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Section 24A application by Citizens Bank of New Haven, New Haven, Missouri, for an investment in bank premises. N/A Section 24A application by River Valley Bank & Trust, Lavaca, Arkansas, for an investment in bank premises. N/A This application is subject to CRA. Federal Reserve Bank of St. Louis FOR THE WEEK ENDING June 17, 1994 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period ^Section 3(a)(3) application by Country Bancshares, Inc., Hull, Illinois, to acquire Paloma Bancshares, Inc., Paloma, Illinois. Newspaper: 7-7-94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Section 24A application by Citizens Bank of New Haven, New Haven, Missouri, for an investment in bank premises. N/A Section 24A application by River Valley Bank & Trust, Lavaca, Arkansas, for an investment in bank premises. N/A This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Norwest Financial Special Services, Inc., Des Moines, IA, To acquire 100% of the voting shares of Norwest Financial, Inc. Des Moines, IA, and thereby indirectly acquire Dial Bank, Sioux Falls, SD* July 4, 1994 (Newspaper) Keweenaw Financial Corporation Hancock, MI To acquire 100% of the outstanding shares of Commercial National Bank of L'Anse L'Anse, MI* Not yet available Norwest Corporation Minneapolis, MN To acquire 100% of the voting shares of the Bank of Scottsdale Scottsdale, AZ* Not yet available Commercial Bank of Mott Employee Stock Ownership Plan and Trust Mott, ND To acquire 82.3% of the voting shares of Commercial Bank of Mott, Mott, ND* July 9, 1994 (Newspaper) Katherine A. Smythe Grantor Retained Annuity Trust, and John D. Smythe Grantor Retained Annuity Trust, to each acquire 29.16% of the voting shares of Hubbard Bancshares, Inc. Park Rapids, MN* Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Norwest Financial Special Services, Inc. Des Moines, IA To engage in Consumer Finance; underwriting, as principal, and the sale, on an agency basis, of credit life, accident and health (disability) and involuntary unemployment insurance in connection with extensions of credit of Norwest and its subsidiaries; sale, on an agency basis, of property and credit related casualty insurance; sale, on an agency basis, of insurance products including, but not limited to, title insurance; insurance premium finance; credit cards; data processing services; accounts receivable financing (factoring); lease financing; commercial lending; operation of a collec tion agency; and fiduciary activities through the acquisition of Norwest Financial, Inc. Des Moines, IA, and Dial National Bank, Des Moines, IA Not yet available BNCCORP, Inc., Bismarck, ND To engage in providing to other data processing and data transmission services, facilities, data bases or access to such services, facilities, or data bases by any technical means, through the acquisi tion of JMS Systems, Inc., Bismarck, ND July 8, 1994 BNCCORP, Inc., Bismarck, ND To engage de novo in providing management consulting advice to non-affiliated banks and nonbank depository institutions. The activity will be conducted in North Dakota, South Dakota, Montana and Minnesota July 5, 1994 FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application (Continued) Comment Period Ending Date Norwest Corporation Minneapolis, MN To engage de novo in real estate and personal property appraising, through Norwest Mortgage, Inc. Des Moines, IA July 7, 1994 Menahga Bancshares, Inc. Menahga, MN To engage in community development activities through the acquisition of Minnesota's Community Develop ment Corporation, Detroit Lakes, MN Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Farmers State Bank Victor, MN To increase its investment in bank premises by $172,000. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending June 17, 1994 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING American State Bank of Rapid City 632 Main Street Box 2530 Rapid City, SD 57709-2530 (605) 348-3322 March 7, 1994 Satisfactory Federal Reserve Bank of 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 Ellen L. Munter, Coleridge, Nebraska, for prior approval to acquire an additional 17.04 percent of the voting shares of Gray Bancorp, Coleridge, Nebraska. June 27, 1994 William D. & Jeanette A. Whited, both of Maryville, Missouri, for prior approval to acquire 69.9 percent of the voting shares of Northwest Missouri Bancshares, Inc., Craig, Missouri.* June 29, 1994 Denver Bankshares, Inc., Denver, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Bank of Denver, Denver, Colorado.* July 5, 1994 F&C Bancorp, Inc., Holden, Missouri, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Farmers and Commercial Bank, Holden, Missouri.* Not Available United Bancorporation of Wyoming, Inc., Jackson, Wyoming, for prior approval to acquire 100 percent of the voting shares of Drake-Lyman Bancshares, Inc., Sheridan, Wyoming.* Not Available Chester Insurance Agency, Inc., Chester, Nebraska, for prior approval to acquire 100 percent of the voting shares of Rose Creek, Inc., Hubbell, Nebraska.* Not Available Federal Reserve Bank of Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Community Bancs of Oklahoma, Inc., Tulsa, Oklahoma, for prior approval to engage directly in certain nonbanking activities. COMMENT PERIOD ENDING DATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION No n e . SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve, its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City 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. CRA Ratine Bank/Location Exam Date CRA Public Date WestStar Bank P.0. Box 470386 Tulsa, Oklahoma 02-28-94 06-06-94 Satisfactory- Bank of Jackson Hole P.O. Box 7000 Jackson, Wyoming 83001 03-07-94 06-13-94 Satisfactory First Security Bank P.O. Box 277 Craig, Colorado 81626 03-14-94 06-16-94 Outstanding 03-14-94 Unita County State Bank 128 North Birch Street Mountain View, Wyoming 82939 06-16-94 Substantial Non compliance 74147 ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 13, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 9 application received from First Bank Pearland, Pearland, TX, to establish a branch at 2624 Mchard Road, Pearland, TX ♦Section 5(d)(3) Oakar application by Henderson Citizens Bancshares, Inc., Henderson, TX, (Citizens National Bank of Henderson, Henderson, TX), to acquire the Jefferson, Texas Branch of Pacific Southwest Bank, F.S.B., Corpus Christi, TX (branch is located at 302 E. Broadway, Jefferson, TX 75657) (Previously reported during the week of 5-16-94) ♦Section 5(d)(3) Oakar application by Henderson Citizens Delaware Bancshares, Inc., Dover, DE, (Citizens National Bank of Henderson, Henderson, TX), to acquire the Jefferson, Texas Branch of Pacific Southwest Bank, F.S.B., Corpus Christi, TX (branch is located at 302 E. Broadway, Jefferson, TX) (Previously reported during the week of 5-16-94) 94/06/22 94/07/03 94/07/03 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Howard Earl Rachofsky, Dallas, TX, to acquire an interest in ROSB Bancorp, Inc., Red Oak, TX (Previously reported during the week of 5-23-94) Change in Control Notice by Fredrick Erck and Ann Erck, San Antonio, TX, to acquire an interest in Texas Bancshares, Inc., San Antonio, TX ♦Section 3(a)(1) application by New American Bank Holding Corporation, Corpus Christi, TX, to acquire American National Bank, Corpus Christi, TX (Previously reported during the week of 5-16-94) ♦Section 3(a)(1) application by Plains State Financial Corporation, Plains, TX, to acquire Plains Bancshares, Inc., Dover, DE, and Plains State Bank, Plains, TX ** NOTICE EXP 94/06/28 N/A 94/06/17 N/A ♦Section 3(a)(1) application by Plains Bancshares, Inc., Dover, DE, to acquire Plains State Bank, Plains, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Section 24A application by United Bank & Trust, Abilene, TX, to invest in bank premises in excess of bank’s capital 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 13. 1994 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/17/94 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Mid-Peninsula Bank, Palo Alto, California, to merge with WestCal National Bank, San Mateo, California. * Newspaper: 7/22/94 Capital Bank of Carlsbad, Carlsbad, California, to establish a branch office in the vicinity of Vista Way between Santa Fe and Bobier Avenues, Vista, California. * Newspaper: 6/05/94 Section II - Applications Subject to Both Newspaper and Federal Register Notice San Mateo County Bancorp, San Mateo, California, to acquire Mid-Peninsula Bank, Palo Alto, California. * Newspaper: 7/22/94 Fed. Rea.: 7/05/94 First Interstate Bancorp, Los Angeles, California, to acquire Sacramento Savings Bank, Sacramento, California. * Newspaper: 7/08/94 Fed. Rea.: 7/15/94 Section III - Applications Subject to Federal Register Notice Only The Sakura Bank, Limited, Tokyo, Japan, to engage de novo in private placement and riskless principal activities through Sakura (U.S.A.), Inc., New York, New York. Fed. Rea.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.l Week Ending 6/17/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending June 17, 1994. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Bank of Utah 2605 Washington Blvd. Odgen, UT 84401-3613 (801) 625-3500 2/28/94 Rating* Satisfactory ♦Under the rating system an institution's CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
@FedFRASER