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ANNOUNCEMENT
RESEARCH LIBRARY
BOARD OF GOVERNORS
OF THE
FEDERAL REggRjp
H.2, 1994, No. 26
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending June 25, 1994
ACTIONS^ T'i^EN^Y'^^EjBOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Monetary policy actions and issues related to
inflation -- statement by Chairman Greenspan before
the House Committee on the Budget, June 22, 1994.
Published, June 22, 1994.
Retail fees and services of depository institutions,
survey information -- statement by Governor
Phillips before the Subcommittee on Consumer Credit
and Insurance of the House Committee on Banking,
Finance and Urban Affairs, June 22, 1994.
Published, June 22, 1994.
ADVISORY COUNCILS
Consumer Advisory Council.
Convened, June 23, 1994.
BANK HOLDING COMPANIES
Continental Bank Corporation, Chicago, Illinois, and
Continental Bank, N.A. -- determination concerning
divestiture of First Options of Chicago, Inc.
Granted, June 20, 1994.
Mellon Bank Corporation, Pittsburgh, Pennsylvania -to acquire Dreyfus Security Savings Bank, F.S.B.,
Paramus, New Jersey, The Dreyfus Trust Company,
Uniondale, New York, and The Truepenny Corporation,
New York, New York, and its subsidiaries.
Approved, June 20, 1994.
Peoples Heritage Financial Group, Inc., Portland,
Maine - - t o acquire Mid Maine Savings Bank, FSB,
Auburn, Maine.
Approved, June 20, 1994.
ENFORCEMENT
Peoples Bancshares, Inc., Colorado Springs,
Colorado -- order of assessment of a civil money
penalty against the bank holding company; and
issuance of a combined order to cease and desist
and of assessment of a civil money penalty against
Scott A. Noyes, the sole officer and director of
Peoples Bancshares.
Announced, June 21, 1994.
H.2
JUNE 20, 1994
PAGE 2
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
^INTERNATIONAL OPERATIONS
Citibank Overseas Investment Corporation, New Castle,
Delaware - - t o invest in Citibank Berhad, Kuala
Lumpur, Malaysia.
Permitted, June 24, 1994.
Citibank Overseas Investment Corporation, New Castle,
Delaware - - t o invest in FNC-Comercio e
Participacoes S.A., Sao Paulo, Brazil, Banco
Crefisul, S.A., FRB Participacoes S.C. Ltda., and
Ribapar Participacoes S.A.
Permitted, June 24, 1994.
MBNA America Bank, N.A., Newark, Delaware -- to
invest in MBNA International Bank Limited, Chester,
England.
Permitted, June 20, 1994.
MEMBERSHIP
Continental Bank, N.A., Chicago, Illinois -- to
become a member of the Federal Reserve System.
Approved, June 20, 1994.
^SmSSSi'^mSn A”
**
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CSCA - Con.um.r mnd
Bm»k Op.r.ti.n,; ip - M . ™
,
.
. : " 1'4" ' ™ 0 - Fod.r.l R.,.rv.
for Hanmgomont
“ . . m . t . o n u Fin.no.; OSDM - Offio. of Stmff Dirootor
H.2
JUNE 20, 1994
PAGE 3
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
San Francisco
First Security
to establish
Valle Verde,
Approved, June
Bank of Nevada, Las Vegas, Nevada
a branch at the corner of Sunset and
Henderson, Nevada.
23, 1994.
Richmond
F & M Bank-Martinsburg, Martinsburg, West Virginia to establish an electronic funds transfer facility
at Bedington Crossroads.
Approved, June 24, 1994.
Richmond
F & M Bank-Martinsburg, Martinsburg, West Virginia -to establish an electronic funds transfer facility
at 722 Warm Springs Avenue.
Approved, June 24, 1994.
Cleveland
Integra Bank / Pittsburgh, Pittsburgh, Pennsylvania - to establish a branch at Liberty Center, 1001
Liberty Avenue.
Approved, June 25, 1994.
New York
Manufacturers and Traders Trust Company, Buffalo, New
York -- to relocate and establish a full service
branch at 350 Park Avenue, New York, from 654
Madison Avenue.
Approved, June 23, 1994.
BANK HOLDING COMPANIES
Director, BS&R
BankAmerica Corporation, San Francisco, California
request for relief from certain conditions
pertaining to the issuance and sale by BAC of
variably denominated payment instruments.
Granted, June 20, 1994.
Richmond
Commerce Bank Corporation, College Park, Maryland -to establish an office at 4451-C Parliament Place,
Lanham, Mary1and.
Approved, June 24, 1994.
Richmond
Cooperative Bankshares, Inc., Wilmington, North
Carolina -- to acquire Cooperative Bank for
Savings, Inc., SSB, Wilmington, North Carolina.
Approved, June 22, 1994.
H.2
JUNE 20, 1994
PAGE a
TO
JUNE 25, 199a
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
Freedom Bancshares, Inc., Osage City, Kansas -- to
acquire Citizens State Bank.
Approved, June 21, 1994.
St. Louis
Golden Triangle Bancshares, Inc., Campbellsburg,
Kentucky -- to engage de novo in the sale of credit
insurance in participation with Citizens Bank, New
Liberty, Kentucky.
Returned, June 23, 1994.
Chicago
Independent Bankers* Bank of Illinois, Springfield,
Illinois -- to engage in investment or financial
advice and management consulting to depository
institutions.
Approved, June 24, 1994.
New York
J.P. Morgan & Co,, Incorporated, New York, New York
-- to invest in Big City Forest, Inc., a
corporation designed to promote community welfare.
Approved, June 24, 1994.
Chicago
Kerndt Bank Services, Inc., Lansing, Iowa -- to
engage de novo in securities brokerage services.
Returned, June 21, 1994.
Chicago
Madison Bancorp, Inc., Madison Heights, Michigan -to acquire Madison National Bank.
Approved, June 22, 1994.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -- to
engage in general insurance agency activities
through First Insurance Agency of Detroit Lakes,
Detroit Lakes, Minnesota.
Approved, June 22, 1994.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -proposal that Norwest Bank Iowa, N.A., Des Moines,
Iowa, purchase certain assets and assume certain
liabilities of United FSA of Iowa.
Approved, June 24, 1994.
Kansas City
PBT Bancshares, Inc., McPherson, Kansas -- to acquire
Nickerson State Bank, Nickerson, Kansas.
Returned, June 24, 1994.
H.2
JUNE 20, 1994
PAGE 5
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Second Fourth Street Financial Corp., Pekin, Illinois
-- to acquire Herget Financial Corp., and The
Herget National Bank of Pekin.
Approved, June 21, 1994.
St, Louis
Trans Financial Bancorp, Inc., Bowling Green,
Kentucky -- to engage in full service brokerage
activities, riskless principal transactions, and
sale of variable rate annuities through Trans
Financial Investment Services, Inc., Nashville,
Tennessee.
Withdrawn, June 23, 1994.
CHANGE IN BANK CONTROL
St. Louis
Capital Bancorporation, Inc., Cape Girardeau,
Missouri -- change in bank control.
Permitted, June 23, 1994.
Minneapolis
Coulee Bancshares, Inc., LaCrosse, Wisconsin -change in bank control.
Permitted, June 24, 1994.
Chicago
Dysart Bancshares, Inc., Dysart, Iowa -- change in
bank control.
Returned, June 20, 1994.
Kansas City
Hugoton Bancshares, Inc., Hugoton, Kansas -- change
in bank control.
Permitted, June 23, 1994.
St. Louis
M & P Community Bancshares, Inc., Newport, Arkansas - change in bank control.
Permitted, June 23, 1994.
COMPETITIVE FACTORS REPORTS
San Francisco
American Federal Savings Bank, Reno, Nevada, proposed
merger with First Western Bank, FSB, Las Vegas,
Nevada -- report on competitive factors.
Submitted, June 22, 1994.
H.2
JUNE 20, 1994
PAGE 6
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
St. Louis
Bank of South County, Affton, Missouri, proposed
merger into Capital Interim Bank, and the resulting
institution’s merger with Capital Bank and Trust
Company of Clayton, Clayton, Missouri -- report on
competitive factors.
Submitted, June 20, 1994.
Atlanta
Carthage Bank, Carthage, Mississippi, proposed
purchase of certain assets and assumption of
certain liabilities of the Carthage, Mississippi,
branch of Magnolia Bank For Savings, Hattiesburg,
Mississippi -- report on competitive factors.
Submitted, June 23, 1994.
Richmond
Central State Bank, High Point, North Carolina,
proposed merger with CSB Acquisition Corp., Troy,
North Carolina -- report on competitive factors.
Submitted, June 24, 1994.
Dallas
Channelview Bank, Channelview, Texas, proposed
purchase of assets and assumption of liabilities of
nine branches of First Heights Bank, FSB, Houston,
Texas -- report on competitive factors.
Submitted, June 20, 1994.
Dallas
Compass Bank - Houston, Houston, Texas, proposed
acquisition of assets and assumption of liabilities
of 23 branches of First Heights Bank - FSB -report on competitive factors.
Submitted, June 23, 1994.
Philadelphia
Covenant Bank for Savings, Haddonfield, New Jersey,
proposed merger with Covenant Interim Savings Bank,
Vineland, New Jersey -- report on competitive
factors.
Submitted, June 22, 1994.
Atlanta
Deposit Guaranty National Bank, Jackson, Mississippi,
proposed merger with First Columbus National Bank,
Columbus, Mississippi -- report on competitive
factors.
Submitted, June 23, 1994.
H.2
JUNE 20, 1994
PAGE 7
/
TO
JUNE 25, 1994
ACTIONS TAKEN BT THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COHPETITIVE FACTORS REPORTS
Boston
Family Savings Bank of New Hampshire, Seabrook, New
Hampshire, proposed merger with Plaistow Bank and
Trust Company, Plaistow, New Hampshire -- report on
competitive factors.
Submitted, June 22, 1994.
Atlanta
First Bank of Georgia, East Point, Georgia, proposed
merger with Interim First Corporation -- report on
competitive factors.
Submitted, June 24, 1994.
Atlanta
First Community Bank of Henry County, McDonough,
Georgia, proposed merger with FCB Interim Bank -report on competitive factors.
Submitted, June 23, 1994.
Philadelphia
First Fidelity Bank, N«A. , Salem, New Jersey,
#purchase of the assets and assumption of
the liabilities of the Effort and Broadheadsville
branches of PNC Bank, Pittsburgh, Pennsylvania —
report on competitive factors.
Submitted, June 24, 1994.
Philadelphia
First Fidelity Bank, N.A., Salem, New Jersey,
proposed purchase of the assets and assumption of
liabilities of two branches, Effort and
Broadheadsville, of PNC Bank, N.A., Pittsburgh,
Pennsylvania, to close PNC's Effort branch and to
consolidate its own Broadheadsville branch with the
Broadheadsville branch currently operated by PNC
Bank -- report on competitive factors.
Submitted, June 24, 1994.
Secretary
First National Bank, North Platte, Nebraska, proposed
merger with Alliance National Bank and Trust
Coapany, Alliance, Nebraska -- report on
coapetitive factors.
Submitted, June 24, 1994.
H.2
JUNE 20, 1994
PAGE 8
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Dallas
First National Bank in Bronte, Bronte, Texas,
proposed merger with Interim Bronte Bank -- report
on competitive factors.
Submitted, June 23, 1994.
Chicago
First National Bank of Springfield, Springfield,
Illinois, proposed merger with City Bank of
Bloomington-Normal, Bloomington, Illinois -- report
on competitive factors.
Submitted, June 24, 1994.
Dallas
First State Bank and Trust Company, Port Lavaca,
Texas, proposed merger with International Bank of
Commerce, Laredo, Texas -- report on competitive
factors.
Submitted, June 23, 1994.
Chicago
F & M Bank-Northeast, Oconto, Wisconsin, proposed
merger with F & M Bank-Pulaski, Pulaski,
Wisconsin -- report on competitive factors.
Submitted, June 24, 1994.
Dallas
Interim Central Bank of Houston, Houston, Texas,
proposed merger with Lee County National Bank of
Houston -- report on competitive factors.
Submitted, June 23, 1994.
Dallas
Lee County National Bank, Giddings, Texas, proposed
merger with Central Bank of Houston, Houston, Texas
-- report on competitive factors.
Submitted, June 23, 1994.
St. Louis
Merchants and Farmers Bank, Macon, Mississippi,
proposed acquisition of certain assets and
assumption of the liability to pay the deposits
made in the Columbus, Mississippi, branches of
First-Columbus National Bank, Columbus,
Mississippi, and Deposit Guaranty National Bank,
Jackson, Mississippi -- report on competitive
factors.
Submitted, June 21, 1994.
H.2
JUNE 20, 1994
PAGE 9
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Secretary
NationsBank Corporation, Charlotte, North Carolina,
NationsBank of Florida, N.A., Tampa, Florida, and
NationsBank of Georgia, N.A., Atlanta, Georgia,
proposed purchase of certain assets and assumption
of certain liabilities of 44 branches of California
Federal Bank, F.S.B., Los Angeles, California -report on competitive factors.
Submitted, June 24, 1994.
Secretary
NBC Knoxville Bank, Knoxville, Tennessee, proposed
opening of de novo branches upon bankfs conversion
to a federal savings bank -- report on competitive
factors.
Submitted, June 24, 1994.
Dallas
Pittsburg National Bank, Pittsburg, Texas, proposed
merger with the Marshall, Texas, branch at 401
South Alamo Boulevard, Marshall, Texas, of Pacific
Southwest Bank, F.S.B., Corpus Christi, Texas -report on competitive factors.
Submitted, June 23, 1994.
Dallas
Plaza International Bank, National Association, San
Antonio, Texas, proposed merger with Plaza Bank,
National Association -- report on competitive
factors.
Submitted, June 23, 1994.
New York
Republic National Bank of New York, New York, New
York, proposed acquisition of substantially all of
the assets and assumption of the liability to pay
deposits made in the New York branch of Republic
Mase Bank Limited, London, United Kingdom -- report
on competitive factors.
Submitted, June 22, 1994.
Atlanta
Security National Bank, Macon, Georgia, proposed
merger with Security Interim National Bank -report on competitive factors.
Submitted, June 20, 1994.
H .2
JUNE 20, 1994
PAGE 10
TO
JUNE 25, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Secretary
West One Bank, Washington, Seattle, Washington,
proposed merger with Valley Commercial Bank,
Clarkston, Washington -- report on competitive
factors.
Submitted, June 23, 1994.
EXTENSIONS OF TIME
San Francisco
Chekiang First Bank, Ltd., Hong Kong -- extension to
divest certain property.
Granted, June 21, 1994.
Richmond
Columbia Bancorp, Columbia, Maryland -- extension to
June 30, 1995, to dispose of certain nonconforming
assets.
Granted, June 24, 1994.
Atlanta
First Bankshares of West Point, Inc., West Point,
Georgia -- extension to September 30, 1994, to
acquire First Peoples Bank, Pine Mountain, Georgia.
Granted, June 24, 1994.
San Francisco
First Interstate Bancorp, Los Angeles, California
extension to divest certain property.
Granted, June 22, 1994.
Richmond
First Union Corporation, Charlotte, North Carolina
- extension to September 25, 1994, to acquire First
Union Home Equity Bank, National Association.
Granted, June 23, 1994.
Dallas
Southern Bancshares, Inc., Houston, Texas
extension to acquire First State Bank Brazoria,
Brazoria, Texas.
Denied, June 20, 1994.
Chicago
Valley Financial Corp., Caro, Michigan -- extension
to September 13, 1994, to engage de novo in the
sale of general insurance.
Granted, June 20, 1994.
H .2
JUNE 20, 1994
PAGE 11
'
TO
JUNE 25, 1994
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
H. P. Holding Company, Oak Park, Illinois - - t o
engage de novo in acting as a loan originator,
packager, servicer, and broker of equipment through
Pullman Capital Corporation, Mishawaka, Indiana.
Returned, June 17, 1994.
Philadelphia
Meridian Bancorp, Inc., Reading, Pennsylvania
proposal that Meridian Bank, New Jersey, Cherry
Hill, New Jersey, purchase certain assets and
assume certain liabilities of Security Federal
Savings Bank, Vineland, New Jersey.
Approved, June 17, 1994.
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
Maine Bank C o r p ., Portland,
Maine - 3 ( a ) (1) application
to become a bank holding
company through the
acquisition of Maine Bank
& Trust Co., Portland, Maine*
Newspaper
07-20-94
Federal Register
07-25-94
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:
"O" - 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___________
Chemical Bank, New York, New York to establish branches at
Brooklyn College, Plaza Building, 2900 Bedford Avenue,
Brooklyn and Prudential Securities, One New York Plaza,
New York, both in New York.]./
7/20/94
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Banco Santander, S.A., Santander, Spain to acquire through
its minority owned subsidiary, First Fidelity Bancorporation,
Lawrenceville, New Jersey ("FFB") 100 percent of the shares
of First Inter-Bancorp Inc. and its subsidiary, Mid-Hudson
Savings Bank FSB, both of Fishkill, New York, and thereby
operate a savings association and for FFB's subsidiary, First
Fidelity Bank, N.A., New York, Riverdale, New York to merge
with Mid-Hudson Savings Bank FSB.1 /
6/3 0/94
2_/
First Empire State Corporation, Buffalo, New York, (’’First
Empire") to acquire all of the voting shares of Ithaca
Bancorp, Inc., Ithaca, New York ("Bancorp"), and thereby
acquire Citizens Savings Bank F.S.B., Ithaca, New York
("Savings Bank"), the federally-chartered savings bank
subsidiary of Bancorp, and under certain circumstances to
exercise an option to acquire up to 16.7 percent fo the
voting shares of Bancorp, and Manufacturers and Traders Trust
Company, Buffalo, New York, the commercial bank subsidiary
of First Empire, to merge with Citizens Savings and Loan
Association, the successor to Savings Bank upon its conversion
to a state-chartered savings and loan association.1/
7/21/94
3/
Village Bancorp, Inc., Ridgefield, Connecticut, to acquire
100 percent of the shares of Liberty National Bank, Danbury,
Connecticut.1/
7/25/94 2/
Unity Bancorp, Annandale, New Jersey, to become a bank
holding company by acquiring 100 percent of the shares of First
Community Bank, Annandale, New Jersey.!,/
7/25/94
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
The Bank of New York Company, Inc., New York, New York, to
engage de novo in making acquiring, or servicing loans or
other extensions of credit (including issuing letters of
credit and accepting drafts) either secured or unsecured, for
its own accounts and for the account of others.
7/13/94
2/
Comment Period
Ending Date
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only), con't.
Compagnie de Suez and Banque Indosuez, both of Paris, France,
to engage de novo through their subsidiary, Carr Futures, Inc.,
Chicago, Illinois, in the execution and clearance and provision
of advisory services with respect to certain non-financial futures
contracts and options on futures contracts.
N/A
SECTION IV
Applications Not Involving
______ Public Comment______
Coutts & Co. (USA) International, Miami, Florida, to amend Article
Fourth of its Articles of Association.
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 25, 1994
1/
2_/
3/
4/
NAME OF BANK
RATING
EXAMINATION DATE
Chemical Bank
270 Park Avenue
New York, NY 10017-2070
Outstanding
August 16, 1993
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
CoreStates Financial Corp, Philadelphia, Pennsylvania, through its 31.01% owned nonbank
subsidiary,
Electronic Payment Services,
Inc.,
requests
approval
to acquire
substantially all of the assets of Mellon Bank, N.A., Network Services•Division,
Pittsburgh, Pennsylvania, and certain data processing assets of National City
Corporation, Cleveland, Ohio, pursuant to Section 4(c)(8) of the Bank Holding Company
Act and Section 225.25(b)(7) of Regulation Y.
In conjunction with the subject
acquisitions, CoreStates Financial Corp. requests approval to expand the previously
approved 225.25(b)(7) activities of Electronic Payment Services, Inc. to include
merchant processing activities.
Fed. Reg. comment period expires:
N/A
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 24, 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
Examination Date
CRA Rating
The Bank of Mid-Jersey
243 & Route #130
Bordentown Township, NJ 08505
1/24/94
Satisfactory
Community Bank & Trust Company
P.O. Box 129
Forest City, PA 18421
2/28/94
Outstanding
Federal R eserve Bank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending June 25,1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
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.
F:*July 21, 1994
Received Section 3(a)(3 ) application from Peoples
Bancorp of Mt. Pleasant, Inc., Mount Pleasant, Ohio,
on June 16. 1994, to acquire The Peoples National
Bank of Mt. Pleasant, Mount Pleasant, Ohio.
F:*Julv 21, 1994
Received Notice of Change in Bank Control from
Mr. John E. Lawson, Mt. Sterling, Kentucky, on
June 20, 1994, of his intent to increase his
ownership position in Mount Sterling National
Holding Corporation, Mt. Sterling, Kentucky, up
to 11.90 percent.
*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
*July 15, 1994
Federal R eserve Bank
of C leveland
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending June 25,1994)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4 (c )(8 ) notice from Banc One,
Corporation, Columbus, Ohio; KeyCorp, Cleveland. Ohio;
National City Corporation, Cleveland, Ohio; PNC Bank
Corp., Pittsburgh, Pennsylvania; and Mellon Bank
Corporation, Pittsburgh, Pennsylvania, on June 23, 1994,
of their intent to acquire equal 16.67 percent share
interests in Electronic Payment Services, Inc.,
Wilmington, Delaware.
Not Yet Known
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 24, 1994)
The following state member banks have been examined by the Federal Reserve Bank o f
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 24, 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 of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COM PLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Comment Period Ending Date
Application
F & M Bank - Winchester, Winchester, Virginia,
to establish a branch a 21 Main Street (Route
719 and Mulberry Street), Round Hill, Virginia.*
7-15-94
Signet Bank/Virginia, Richmond, Virginia, to
establish an Electronic Funds Transfer Facility
at 1957 Westmoreland Street, Richmond, Virginia.*
7-20-94
F 6c M Bank - Winchester, Winchester, Virginia,
to establish an Electronic Funds Transfer
Facility at Pleasant Valley Road and Route 50
East, Winchester, Virginia.*
7-21-94
F 6c M Bank - Winchester, Winchester, Virginia,
to establish an Electronic Funds Transfer
Facility at 1503 North Frederick Pike,
Winchester, Virginia.*
7-21-94
F 6c M Bank - Winchester, Winchester, Virginia,
to establish an Electronic Funds Transfer
Facility at Route 7 and Regency Road,
Winchester, Virginia.*
7-21-94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice ^
Application
None.
Comment Period Ending Date
\
Section III - Applications Subject to Federal Register Notice
Application
NationsBank Corporation, Charlotte,
North Carolina, to engage in acting
as a futures commission merchant for
unaffiliated customers in executing
and clearing (including clearing with
out executing) and providing investment
advice on futures and option^ on financial
instruments and nonfinancial commodities
and also providing securities brokerage
*Application is subject to CRA requirements.
Comment Period Ending Date
Section III - Applications Subject to Federal Register Notice--contd.
Application
Corateent Period Ending Date
services through a subsidiary to be known
as NationsBanc-CRT Services, Inc., Chicago,
Illinois, and NationsBanc-CRT Energy (U.K.)
Ltd., London, England.
Not yet available.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
NationsBank Corporation, Charlottfe, North
Carolina, to increase the equity under
writing limitations of its subsidiary,
Panmure Gordon 6c Co. Ltd., London, England.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending June 24, 1994
Definition of Rati
,s
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____
Johnsonville State Bank
Broadway Street
Johnsonville, South Carolina
29555
Regency Bank
1011 East Main Street
Richmond, Virginia 23219
Barbour County Bank
107 Pike Street
Philippi, West Virginia
26416
County Bank of Chesterfield
10400 Hull Street Road
Midlothian, Virginia 23112-3306
Rating
4-4-94
Satisfactory
4-4-94
Satisfactory
4-4-94
Satisfactory
4-11-94
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 24. 1994
Section 1
Application
Applications Subject to Newspaper Notice Only
Comment Period Ending Date
None.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Regions Financial Corporation
(formerly First Alabama Bancshares, Inc.)
Birmingham, Alabama
To merge with First Community
Bancshares, Inc., Rome, Georgia, and
thereby directly acquire First Rome
Bank, pursuant to Section 3(a)(5) of the
Bank Holding Company Act.
06-27-94*
Federal Register
Regions Financial Corporation
06-27-94*
(formerly First Alabama Bancshares, Inc.) Federal Register
Birmingham, Alabama
To merge with BNR Bancshares, Inc.,
New Roads, Louisiana, and thereby directly
acquire Bank of New Roads, New Roads,
Louisiana, pursuant to Section 3(a)(5) of
the Bank Holding Company Act.
SouthTrust Corporation
Not yet available*
Birmingham, Alabama
Along with its bank holding company
subsidiary, SouthTrust of Florida, Inc.,
Jacksonville, Florida, to establish
SouthTrust Interim National Bank, Crystal
River, Florida, and to acquire Citrus
National Bank, Crystal River, Florida,
pursuant to Section 3(a)(3) of the Bank
Holding Company Act.
*Subject of the provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 24. 1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
SouthTrust Corporation
Not yet available*
Birmingham, Alabama
Along with its bank holding company
subsidiary, SouthTrust of Florida, Inc.,
Jacksonville, Florida, to acquire Island
Bank of Collier County, Marco Island,
Florida, pursuant to Section 3(a)(3) of the
Bank Holding Company Act.
Southeastern Banking Corporation
Not yet available*
Darien, Georgia
To acquire United Citizens Bank of
Alachua County, Alachua, Florida, pursuant
to Section 3(a)(3) of the Bank Holding
Company Act.
Synovus Financial Corp.
06-30-94*
Columbus, Georgia
Federal Register
Along with its top-tier bank holding
company, TB&C Bancshares, Inc., Columbus,
Georgia, and its wholly-owned bank
holding company subsidiary, Synovus
Financial Corp. of Alabama, Jasper,
Alabama, to merge with State Bancshares,
Inc., Enterprise, Alabama, and thereby
directly acquire Coffee County Bank,
Enterprise, Alabama, pursuant to
Section 3(a)(5) of the Bank Holding Company
Act.
CB&T Holding Corporation
New Orleans, Louisiana
1-BHC formation, City Bank & Trust, New
Orleans, Louisiana.
07-25-94*
Federal Register
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 24. 1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
FNB Bancshares, Inc.
Springfield, Georgia
1-BHC formation, First National Bank
of Effingham, Springfield, Georgia.
Comment Period Ending Date
07-21-94*
Federal Register
SNB Bancshares, Inc.
Macon, Georgia
1-BHC formation, Security National Bank,
Macon, Georgia.
07-15-94*
Federal Register
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
None.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Bank South Corporation
Atlanta, Georgia
Commitment waiver request.
The Savannah Bancorp, Inc.
Savannah, Georgia
Commitment waiver request.
Bank of Gonzales Holding Company, Inc.
Gonzales, Louisiana
Commitment waiver request.
Meigs County Bancshares, Inc.
Decatur, Tennessee
Commitment waiver request.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending June 24, 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:
record of meeting community credit nee d s :
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Outstanding
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.
Satisfactory
record
of
meeting
community
credit
nee d s :
to improve record of meeting community credit nee d s : 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.
Needs
Substantial noncompliance in meeting community credit n e e d s :
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
The Home Bank
Post Office Box 580
Gunthersville, Alabama
(205)582-3252
United Bank of Pinellas
Post Office Box 14517
St. Petersburg, Florida
(813)522-9434
Rating
Date
Satisfactory
03-14-94
Satisfactory
03-14-94
35976
33733
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Tvoe
Application
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
EFT
Central State Bank
Elkader, Iowa
208 Edgar Street
Marquette, Iowa
N
- **
Branch
Unionbank
Sandwich, Illinois
15 West South Street
Plano, Illinois
N
- **
- **
- 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-l
Bellevue State Bank Employee
Stock Ownership Plan
Bellevue, Iowa
Bellevue Service Company
Bellevue, Iowa
Bellevue State Bank
Bellevue, Iowa*
CoC
Dysart Bancshares, Inc.
Dysart, Iowa
Gordon H. Griffin Estate
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
Y-l
Wintrust Investments, Inc.
Lake Forest, Illinois
North Shore Community Bank & Trust
Company
(in organization)
Wilmette, Illinois*
FR - 6-27-94
NP - 6-17-94
FR
6-20-94
NP - **
FR
_NP
7-13-94
★ic
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment: Period
Ending Date
lYRe
Application
Y-2
First of America Bank Corporation
FR - 7-8-94
Kalamazoo, Michigan
NP - 7-1-94
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 - 7-1-94
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 - 7-5-94
Y-l
Bay Bancorporation
Green Bay, Wisconsin
Bay Bank (in organization)
Green Bay, Wisconsin*
FR
N
★★
★★
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-2
Bank of Montreal
FR - 6-17-94
Montreal, Canada
NP - 6-19-94
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
Bankmont Financial Corp.
FR - 6-17-94
New York, New York
NP - 6-19-94
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
TyP-e
Application
Y-2
First American Bank Group, Ltd.
Fort Dodge, Iowa
Hill Investment CompanyJewel 1, Iowa
Farmers State Bank
Jewell, Iowa
Story County Bancorporation
Jewell, Iowa
American State Bank
Am e s , 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 - 5-31-94
N - 7-10-94
Y-2
First Citizens of Paris, Inc.
Paris, Illinois
Oakland National Bank
Oakland, Illinois*
FR - 7-21-94
N - **
Y-l
First Ozaukee Capital Corp.
Cedarburg, Wisconsin
First Ozaukee Savings Bank
Cedarburg, Wisconsin*
FR - **
N - **
Y-2
Panhandle Aviation, Inc.
Clarinda, Iowa
Bank of Altoona (in organization)
Altoona, Iowa*
FR - **
N - 7-16-94
Y-l
H S B, Inc.
Hedrick, Iowa
Hedrick Savings Bank
Hedrick, Iowa*
FR - **
N - **
CoC-HC
Independence Bancshares,
Independence, Iowa
Mr. Greig Rawson
Inc.
FR - **
**
N
Federal Reserve Bank of Chicago
Section III - Applications Subiect to Federal Register
Notice Only
Comment Perio
Ending Dace
Ty^e
Application
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 ^ b r o k e r
FR - **
4 (c)(8 )
Hawkeye Bancorporation
Des Moines, Iowa
“ Hawkeye Guaranteed Loans, Inc.- Making,
acquiring or servicing loans
FR - 7-13-94
4(c) (8 )
ABN AMRO Bank N.V.
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - 5-29-94
■
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
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(Continued)
Comment Period
Ending Date
Type
Application
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, Ir.c.
Freeport, Illinois
Tri-State Insurance Agency Inc.
East Dubuque, Illinois to engage in
general insurance agency
FR - 7-5-94
Y-4
Bank of Montreal
FR - 6-27-94
Montreal, Canada
Government Pricing Information System, Inc.
New York, New York
Y-4
Bankroont financial Corp.
FR - 6-27-94
New York, New York
Government Pricing Information System, Inc.
New York, New York
Y-4
First American Bank Group, Ltd.
Fort Dodge, Iowa
First American Credit Corporation
Fort Dodge, Iowa
Hill Land Company
Fort Dodge, Iowa
FR - 7-8-94
4 ( C l (8)
Keradt Bank Services, Inc.
Lansing, Iowa
Engage dg novo in securities brokerage
activities
FR - 7-18-94
4 (C)(8)
How-Win Development Company
Cresco, Iowa
Engage in making and Servicing of loans
FR - **
4 ( C ) (8)
First Midwest Corporation of Delaware
Elmwood Park, Illinois
Midwest One Mortgage Services, Inc.
Melrose Park, Illinois
FR - **
Y-4
Castle BancGroup, Inc.
DeKalb, Illinois
Northern Illinois Finance Company
Sandwich, Illinois
FR - **
Federal Reserve Bank of Chicago
Section III - Applications Subiecc to Federal Register
Notice Only
(Continued)
Type
Application
4 (c) (8
First Ozaukee Capital Corp.
Cedarburg, Wisconsin
Engage in making, acquiring or
servicing loans
Comment Period
Ending Date
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
RoS
Hillsdale Development Corporation
Hillside, Illinois
To redeem 15,269 shares of common stock
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Noe 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 3 0 -business day period
the bank has to make the evaluation public has lapsed during the week
ending June 24, 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 meer 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
-Bank of Lakeview
506 Lincoln, Box 409
Lakeview, Michigan
48850
(517) 352-7271
3/28/94
S
-Iowa Trust & Savings Bank
2101 10th Street
Emmetsburg, Iowa
50536
(712) 852-3451
4/11/94
S
-Chemical Bank Bay Area
213 Center Street
Bay City, Michigan
48708
(517) 395-8521
4/06/94
O
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING June 24, 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 Old
National Bancorp, Evansville,
Indiana, to acquire Indiana State
Bank of Terre Haute, Terre Haute,
Indiana.
Newspaper:
7-8-94
^Section 3(a)(3) application by
Security Capital Corporation,
Batesville, Mississippi, to
acquire Bank of Sardis, Sardis,
Mississippi.
Newspaper:
7-16-94
^Section 3(a)(1) application by New
Independent Bancshares, Inc., New
Washington, Indiana, to acquire the
New Washington State Bank, New
Washington, Indiana.
Newspaper:
7-25-94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Trans
Financial Bancorp, Inc., Bowling
Green, Kentucky, to engage, de novo.
in securities brokerage activities
through its subsidiaries, General
Services Corporation, Russellville,
Kentucky, and Trans Financial
Service Corporation, Tullahoma,
Tennessee.
Not yet available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs
o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to im prove record o f meeting community credit needs
A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
- CORRECTED C O P Y -
FOR THE WEEK ENDING
Name of Bank
The Callaway Bank
June 10, 1994
Bank Address
P. 0. Box 42
Fulton, Missouri
65251
Examination
Date
Examination
Rating
3-07-94
Satisfactory
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs
o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs
A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including tow- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
PNC Bank, Kentucky, Inc.
June 24, 1994
Bank Address
P. 0. Box 33000
Louisville, Kentucky
Examination
Date
1-31-94
40296
Examination
Rating
Outstanding
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Application
Western Bank of Billings
Billings, MT
To merge with Powder River Bank
of Broadus, Broadus, MT;
Security State Bank of Harlem,
Harlem, MT; Rocky Mountain
Bank of Plains, Plains, MT;
First State Bank of Stevensville,
Stevensville, MT; and The Whitehall
State Bank, Whitehall, MT
Comment Period
Ending Date
July 20, 1994
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Ending Date
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*
July 15, 1994
(Federal Register)
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*
July 13, 1994
(Federal Register)
Big Sky Holding Company
Stanford, MT
To acquire 100% of the
voting shares of Basin State
Bank of Stanford, Stanford, MT*
July 25, 1994
(Federal Register)
Western State Agency, Inc.
Devils Lake, ND
To acquire 100% of the voting
shares Towner Bancorporation, Inc.,
Towner, ND*
Not yet available
*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Onlv
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
July 18, 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
July 15, 1994
Osakis Bancshares, Inc.
Osakis, MN
To engage de novo in making and
servicing loans
July 20, 1994
Western State Agency, Inc.
Devils Lake, ND
To purchase, through its subsidiary,
Western State Insurance Agency, Inc.,
the assets of McHenry Insurance, Inc.
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
First American Bank
Grand Forks, ND
To increase its investment
in bank premises by $6,000M.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending June 24, 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
NONE.
DATE OF EXAMINATION
CRA RATING
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
First State Bank of Taos, Taos, New
Mexico, for prior approval to
establish a branch facility in
Placitas, New Mexico.
Not Available
The First Security Bank, Fort Lupton,
Colorado, for prior approval to
establish a de novo branch facility
at 601 West Main, Sterling, Colorado.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
GHB, Inc., Colorado City, Colorado,
for prior approval to become a bank
holding company through the
acquisition of 1 0 0 percent of the
voting shares of Greenhorn Valley
Bank, Colorado, City, Colorado.*
Not Available
Joe Neill, Welch, Oklahoma, for prior
approval to increase his ownership
interest in Welch Bancshares, Inc.,
Welch, Oklahoma, from 30.68 percent
to 36.06 percent.
Not Available
Fairport Bancshares, Inc., Fairport,
Missouri, for prior approval to
become a bank holding company through
the acquisition of 1 0 0 percent of the
voting shares of Bank of Fairport,
Fairport, Missouri.*
Not Available
First Capital Corporation, St. Louis,
Missouri, for prior approval to
acquire 1 0 0 percent of the voting
shares of Kincaid Banc Agency, Inc.,
Kincaid, Kansas.*
Not Available
Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None .
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None .
SECTION V - AVAILABILITY OF CPA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and. moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with
its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Federal Reserve Bank of Kansas City
Bank/Location
Exam Date
CRA Public
Date
CRA
Rating
Citizens Bank & Trust Co.
P.o. Box 128
Ellsworth, Kansas
67439
03-21-94
06-27-94
Outstanding
Citizens Bank
P.O. Box 1967
Muskogee, Oklahoma
03-21-94
06-27-94
Satisfactory
74402
*Application is subject to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 20, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
** NOTICE EXP
APPLICATION
Change in Control Notice by
Mr. Jay Gober, Graham, TX; Mr. Charles
Gober, Throckmorton, TX; and Gober Oil &
Investments, Inc., Graham, TX, to acquire an
interest in Woodson Bancshares, Inc, Graham, TX
(Previously reported during the week of 5-30-94)
Change in Control Notice by
Bob G. Scott, as Voting Trustee, Fort Worth, TX, to
acquire an interest in Provident Bancorp of Texas, Inc.,
Dallas, TX
(Previously reported during the week of 5-9-94)
94/06/29
94/06/28
Change in Control Notice by
Michael Evans Montgomery, Dallas, TX, to acquire an
interest in Metroplex Bancshares, Inc., Dallas, TX
N/A
♦Section 3(a)(3) application by
Central Texas Bankshare Holdings, Inc., Columbus, TX,
to acquire Hill Bancshares Holdings, Inc., Weimar, TX,
and Hill Bank & Trust Co., Weimar, TX
94/07/18
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
None.
NOTICE EXP
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Notice by First Groesbeck Holding Company, Groesbeck, TX,
to redeem 44,081 shares of its preferred 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 20. 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
Date of
Examination
First State Bank
P. 0. Box 385
Corner Ann & North St.
Brackettville, TX 78832
94/03/14
CRA Rating
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 6/24/94
Section I - Applications Subject to Newspaper Notice Only
A p p I ication
Comment Period Ending Date
West One Bank, Idaho, Boise, Idaho, to establish
an ATM at Paul's market, 132 E. Lake Street,
McCall, Idaho. *
Newspaper:
6/20/94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Superior Holdings, Inc., Scottsdale, Arizona, to
become a bank holding company by acquiring
De Anza Bank, Sunnyvale, California, and thereby
engage directly in single-family loan mortgage
banking activities. *
Newspaper:
7/24/94
Fed. Reg.:
7/25/94
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. Reg.:
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.)
Week Ending 6/24/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending June 24, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution
Location
Examination Date
Rating*
None
♦Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has
an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs: An institution has
a satisfactory record of ascertaining and meeting the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
Substantial noncompliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
@FedFRASER