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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’b * ' A
i' >

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




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