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r e s e a r c h library ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM in i? 9 39 M '93 «.2, 1993' N o - 26 JuL itActions of the Board, its Staff, and FEDERALKcU'uiiVEBtfefe Federal Reserve Banks; OF CLEV§4^^9.ications and Reports Received During the Week Ending June 26, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Reduction of regulatory burden on financial institutions -- statement by Governor LaWare before the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance of the House Committee on Banking, Finance and Urban Affairs, June 29, 1993. Published, June 25, 1993. BANK HOLDING COMPANIES Barnett Banks, Inc., Jacksonville, Florida --to engage de novo in private placement and riskless principal activities through Barnett Securities, Inc. Approved, June 23, 1993. 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 Richmond Central Virginia Bank, Powhatan, Virginia -- to establish a branch at 4901 Millridge Parkway, East, M idl oth ian, V irg in ia. Approved, June 22, 1993. BANK HOLDING COMPANIES Philadelphia Central Financial Corporation, Columbia, Pennsylvania --to acquire Farmers First Savings Bank. Approved, June 24, 1993. Dallas Chico Bancorp, Inc., Chico, Texas -- to acquire First State Bank of Chico. Approved, June 22, 1993. Minneapolis Dairyland Bancorp, Inc., Bruce, Wisconsin -- to acquire Bruce Bancshares, Inc. Returned, June 22, 1993. H.2 JUNE 21, 1993 PAGE 2 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Dakota Bancorp, Inc., Watertown, South Dakota -- to acquire First Federal Savings Bank, Watertown, South Dakota (immediately converted to a state chartered bank after acquisition). Approved, June 23, 1993. Minneapolis Dakota Company, Inc., Minneapolis, Minnesota, South Dakota Bancorp, Inc.; and South Dakota Financial Bancorporation, Inc. -- to engage in the operation of a savings and loan association through Dakota Bancorp, Inc., Watertown, South Dakota. Approved, June 23, 1993. Richmond F 8t M National Corporation, Winchester, Virginia -to acquire First National Bankshares, Inc., Emporia, Virginia. Approved, June 22, 1993. Secretary First Bank System, Inc., Minneapolis, Minnesota, and Central Bancorporation, Inc., Denver, Colorado -proposal that Colorado National Bank acquire certain assets and assume certain liabilities of Central Bank / Bank Western N.A. Approved, June 24, 1993. Director, BS&R First Community Bancshares, Inc., Bargersville, Indiana -- transfer agent registration. Approved, June 25, 1993. San Francisco First Interstate Bancorp, Los Angeles, California -to acquire First Interstate Trust Company of New York, New York, New York. Permitted, June 23, 1993. Chicago First Security Bancorp, Inc., Elmwood Park, Illinois --to acquire First Security Trust & Savings Bank. Returned, June 21, 1993. Richmond First Virginia Banks, Inc., Falls Church, Virginia to acquire United Southern Bank of Morristown, Morristown, Tennessee. Approved, June 24, 1993. H.2 JUNE 21, 1993 PAGE 3 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Independent Bank Corporation, Ionia, Michigan -- to acquire certain assets and assume liabilities of the Portland, Michigan, branch of Community First Bank, F.S.B., Lansing, Michigan. Approved, June 22, 1993. New York Long-Term Credit Bank of Japan, Ltd., Tokyo, Japan -to acquire certain assets of Franchise Mortgage Acceptance Corporation, La Habra, California, and Franchise Mortgage Acceptance Corporation, L.P., and engage in lending activities. Approved, June 21, 1993. St. Louis Mark Twain Bancshares, Inc., St. Louis, Missouri -to acquire Parkway Financial, Inc., Overland Park, Kansas, and Parkway Bank. Approved, June 23, 1993. Director, BS&R Mid Am, Inc., Bowling Green, Ohio -- modification of divestiture commitment in connection with merger of American Community Bank, N.A., Lima, Ohio, with Colonial Federal Savings Bank, Bellefontaine, Ohio. Approved, June 25, 1993. Secretary Old National Bancorp, Evansville, Indiana -- to engage de novo in full-service securities brokerage activities. Approved, June 23, 1993. Chicago Oostburg, Bancorp, Inc., Oostburg, Wisconsin -- to acquire Oostburg State Bank. Approved, June 23, 1993. St. Louis Paloma Bancshares, Inc., Paloma, Illinois -- to acquire Western Illinois Bancorp, Inc., Blandinsville, Illinois. Approved, June 25, 1993. New York Prestige Financial Corp., Flemington, New Jersey -to acquire Prestige State Bank. Approved, June 25, 1993. H .2 JUNE 21, 1993 PAGE 4 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Principal National Bancorp, Pontiac, Michigan --to engage de novo in lending activities. Permitted, June 24, 1993. Atlanta Riverside Banking Company, Fort Pierce, Florida -- to engage de novo in leasing activities nationwide through Riverside Leasing Company. Permitted, June 25, 1993. Atlanta Riverside Banking Company, Fort Pierce, Florida -- to engage de novo in lending activities through RBCA, Inc. Permitted, June 25, 1993. Philadelphia Susquehanna Bancshares, Inc., Lititz, Pennsylvania -to merge with Central Financial Corporation, Columbia, Pennsylvania. Approved, June 24, 1993. San Francisco U.S. Bancorp, Portland, Oregon -- to engage de novo in data processing. Permitted, June 23, 1993. Minneapolis 215 Holding Co., Minneapolis, Minnesota -- to acquire Southeast Bancorporation, Inc., First American State Bank, Grand Meadow, Minnesota, and Southwest Bancorporation, Inc., Minneapolis,. Minnesota, and First American State Bank, Browndale, Minnesota. Approved, June 21, 1993. BANK MERGERS Philadelphia Farmers First Bank, Lititz, Pennsylvania -- to merge with Farmers First Savings Bank. Approved, June 24, 1993. BANK PREMISES Kansas City Century Bank Sterling, Sterling, Colorado -investment in bank premises. Approved, June 22, 1993. H.2 JUNE 21, 1993 PAGE 5 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City Citizens Bank 8t Trust Company. Torrington, Wyoming -investment in bank premises. Approved, June 21, 1993. Kansas City Farmers State Bank & Trust Co., Aurora, Nebraska -investment in bank premises. Approved, June 21, 1993. St. Louis First Bank of Arkansas, Russellville, Arkansas -investment in bank premises. Approved, June 23, 1993. Minneapolis Tri-County State Bank, Ortonville, Minnesota -investment in bank premises. Approved, June 22, 1993. CHANGE IN BANK CONTROL Chicago ASB Bankcorp,. Inc., Adrian, Michigan -- change in bank control. Permitted, June 22, 1993. Dallas Paul Gerard Heafy, Oklahoma City, Oklahoma -- change in bank control. Returned, June 24, 1993. Atlanta Randolph Bancshares, Inc., Wadley, Alabama -- change in bank control. Permitted, June 24, 1993. Kansas City Valley Bancshares, Inc., Atchison, Kansas -- change in bank control. Permitted, June 25, 1993. St. Louis West Tennessee Bancshares, Inc., Bartlett, Tennessee -- change in bank control. Permitted, June 22, 1993. H.2 JUNE 21, 1993 PAGE 6 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Charter Bank, S.B., Sparta, Illinois (stock savings bank), proposed transfer by Charter Bank, S.B., Sparta, Illinois (a mutual savings bank) of all of its assets and all of its liabilities to the stock savings bank -- report on competitive factors. Submitted, June 23, 1993. Dallas Crown Charter National Bank, Dallas, Texas, proposed merger with Fidelity Bank, N.A., University Park, Texas -- report on competitive factors. Submitted, June 25, 1993. Richmond Dominion Bank, N.A., Roanoke, Virginia, proposed purchase of the assets and assumption of the liabilities of nine Virginia branches of Meritor Savings, FA, Winter Park, Florida -- report on competitive factors. Submitted, June 21, 1993. Richmond Dominion Bank of Maryland, N.A., Rockville, Maryland, proposed purchase of the assets and assumption of the liabilities of the Silver Spring, Maryland, branch of Meritor Savings, FA, Winter Park, Florida -- report on competitive factors. Submitted, June 21, 1993. Richmond Dominion Bank of Washington, N.A., Washington, D.C., proposed purchase of the assets and assumption of liabilities of six District of Columbia branches of Meritor Savings, FA, Winter Park, Florida -- report on competitive factors. Submitted, June 21, 1993. Atlanta First American Bank, Jackson, Mississippi, proposed purchase of the assets and assumption of the liability to pay deposits made in First Commerce Savings Bank, FSB -- report on competitive factors. Submitted, June 21, 1993. St. Louis First National Bank in Staunton, Staunton, Illinois, proposed acquisition of the assets and assumption of the deposit liabilities of Benld Loan Association, Benld, Illinois -- report on competitive factors. Submitted, June 22, 1993. H.2 JUNE 21, 1993 PAGE 7 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First National Bank of Longmont, Longmont, Colorado, proposed merger with First National Interim Bank report on competitive factors. Submitted, June 22, 1993. Atlanta Home Federal Savings Bank, Rome, Georgia, proposed acquisition of the branch of Bankers First Savings Bank, FSB, Augusta, Georgia, at 805 Broad Street, Rome, Georgia -- report on competitive factors. Submitted, June 21, 1993. Chicago Independent Bank, Ionia, Michigan, proposed purchase of the assets and assumption of the liabilities of the Portland, Michigan, branch of First Community Bank, F.S.B., Lansing, Michigan -- report on competitive factors.. Submitted, June 22, 1993. Atlanta Magna Bancorp, Inc., Hattiesburg, Mississippi, proposed merger with First Federal Bank for Savings, Columbia, Mississippi -- report on competitive factors. Submitted, June 22, 1993. New York National Bank and Trust Company, Norwich, New York, proposed purchase of certain assets and assumption of certain liabilities of two branches of Key Bank of New York, Albany, New York -- report on competitive factors. Submitted, June 24, 1993. New York Savannah Bank, N.A., Savannah, New York, proposed acquisition of certain assets and assumption of certain liabilities of the Fair Haven, New York, branch of First National Bank of Rochester, Rochester, New York -- report on competitive factors. Submitted, June 25, 1993. H.2 JUNE 21, 1993 PAGE 8 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Security Federal Savings Bank of South Carolina, Aiken, South Carolina, proposed purchase of the branches of NationsBank of South Carolina, N.A., Columbia, South Carolina -- report on competitive factors. Submitted, June 22, 1993. St. Louis Security State Bank, Republic, Missouri, proposed merger with Commerce Bank of Springfield, National Association, Springfield, Missouri -- report on competitive factors. Submitted, June 23, 1993. Chicago TCF Bank Illinois FSB, Chicago, Illinois, proposed purchase of the assets and assumption of the liabilities of TCF Bank Savings FSB, Minneapolis, Minnesota -- report on competitive factors. Submitted, June 25, 1993. EXTENSIONS OF TIME Atlanta Employee Stock Ownership Plan and Trust of Southwest Georgia Financial Corporation, Moultrie, Georgia extension to September 30, 1993, to acquire Southwest Georgia Financial Corporation. Granted, June 22, 1993. Director, BSStR FBOP Corporation, Oak Park, Illinois -- extension to dispose of certain assets of Regency Savings Bank, F.S.B., Naperville, Illinois. Granted, June 24, 1993. Director, BS&R First Union Corporation, Charlotte, North Carolina extension to comply with divestiture commitment. Granted, June 23, 1993. Chicago Keystone Bancshares, Inc., Monona, Iowa -- extension to October 16, 1993, to acquire Peoples State Bank Elkader, Iowa. Granted, June 23, 1993. H .2 JUNE 21, 1993 PAGE 9 TO JUNE 25, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York Salamanca Trust Company, Salamanca, New York -extension to October 9, 1993, to purchase certain assets and assume certain liabilities of the branch of Chemical Bank, New York, New York, at 60 West Main Street, Allegany, New York. Granted, June 23, 1993. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Chicago -- to offer a Basic Electronic Check Presentment service at District offices. Approved, June 24, 1993. H.2 JUNE 21, 1993 PAGE 10 ADDITIONS AND CORRECTIONS TO JUNE 25, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANKS■ FOREIGN Medium Business Bank of Taiwan, Taipei, Taiwan, Republic of China --to establish a representative office in Los Angeles, California. Approved, June 16, 1993. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia CoreStates Hamilton Bank, Lancaster, Pennsylvania, proposed merger with CoreStates Bank, N.A., Philadelphia, Pennsylvania -- report on competitive factors. Submitted, June 10, 1993. Boston Shawmut Bank New Hampshire, Concord, New Hampshire, proposed merger with New Dartmouth Bank, Manchester, New Hampshire -- report on competitive factors. Submitted, June 14, 1993. EXTENSIONS OF TIME Chicago LaSalle National Corporation, Chicago, Illinois, ABN AMRO North America, Inc.; ABN AMRO Bank, N.V., Amsterdam, The Netherlands, Stichting Prioriteit ABN AMRO Holding; Stichting Administratiekantoor ABN AMRO Holding, and La Salle Bank Northbrook, Northbrook, Illinois -- extension to September 18, 1993, to acquire certain assets and assume certain liabilities of the Buffalo Grove, Libertyville, Mundelein, Skokie, Northbrook, and Palatine branches of LaSalle Talman Bank, F.S.B., Chicago, Illinois. Granted, June 18, 1993. 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 Shawmut National Corporation, Hartford, Connecticut 3(a) (l)/3(a) (3) application to acquire New Dartmouth Bank, Manchester, New Hampshire* Newspaper 07-11-93 Federal Register 07-16-93 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Fleet Financial Group, Inc., Providence, Rhode Island - 4 ( c ) (8) notification to transfer Fleet Factors Corporation, New York, New York from Fleet Bank of New York, Albany, New York, to Fleet Financial Group, Inc., Providence, Rhode Island Federal Register Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE "N" Rating* F e d e r a l R e s e rv e Bank o f New Y o rk Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ Joint Stock Investment and Commercial Bank for Industry and Construction (Promstroy Bank), Moscow, Russian Federation, to establish a representative office in New York. N/A SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) J.P. Morgan & Co. Inc., New York, New York, to engage indirectly through its subsidiary, J.P. Morgan Futures, Inc., New York, New York in the provision of execution, clearing, and advisory services with respect to nonfinancial energy futures contracts and options on such contracts. Internationale Nederlanden Group N.V., Amsterdam, the Netherlands, to engage de novo through its subsidiary, Internationale Nederlanden (US) Securities Corporation, New York, New York, in providing securities brokerage services, including full service brokerage services, and in providing investment and financial advisory services and in underwriting and dealing in government obligations and money market instruments and to engage de novo through its subsidiary, Internationale Nederlanden (US) Capital Corporation, New York, New York, in making, acquiring and servicing loans. SECTION IV Applications Not Involving ______ Public Comment______ None. 7/21/93 N/A 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 26, 1993 NAME OF BANK RATING EXAMINATION DATE Bank of Cattaraugus 24 Main Street Cattaraugus, NY 14719 Satisfactory February 8, 1993 1/ 2/ 3/ 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 Wilmington Trust Corporation, Wilmington, DE, to acquire Freedom Valley Bank, West Chester, Pennsylvania, pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956, as amended, and to effect a merger, pursuant to Section 18(c) of the FDI Act. Fed. Reg. Comment period expires: Newspaper comment period expires: 7/23/93 7/23/93 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 25, 1993 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. B a n k / L o c a tio n E x a m in a tio n D ate CRA R a t in g Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending June 26, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3 ( a ) (3) application from F.N.B. Corporation, Hermitage, Pennsylvania, on June 16, 1993, to acquire The Metropolitan Savings Bank of Youngstwon, Youngstwon, Ohio. * F: July 16, 1993 Received Section 3 ( a ) (5) application from National City Corporation, Cleveland, Ohio, on June 10, 1993, to acquire Ohio Bancorp, Youngstown, Ohio, and to acquire 10% of the outstanding shares of Cortland Bancorp, Cortland, Ohio. * F: July 16, 1993 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 ( c ) (8) notice from Society Corporation, Cleveland, Ohio, on June 15, 1993, of its intent to engage in real property leasing activities and in commercial loan transactions through its subsidiary, Society Equipment Leasing Company. July 26, 1993 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. AVAILABILITY OF CRA PUBLIC EVALUATIONS (June 25, 1993) 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 25, 1993. 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 of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: 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 low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient 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. The Bank of Corning Company North Valley Street Corning, Ohio 43730 (614) 347-4355 Rating: Satisfactory Exam Date: April 5, 1993 Chippewa Valley Bank 20 South Main Street Rittman, Ohio 44270 (216) 925-1045 Rating: Outstanding Exam Date: March 29, 1993 F e d e r a l R e s e rv e Bank o f Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Pace American Bank, Lawrenceville, Virginia, to establish a branch at 214 West Atlantic Street, Emporia, Virginia.* 7-16-93 Signet Bank/Virginia, Richmond, Virginia, to establish an EFT Facility on the ground floor of the Hartford I Office Building located at 7800 Carousel Lane, Richmond, Virginia.* 7-22-93 Signet Bank/Virginia, Richmond, Virginia, to establish an EFT Facility on the ground floor of the Hartford II Office Building located at 7798 Carousel Lane, Richmond, Virginia.* 7-23-93 Southern National Corporation, Lumberton, North Carolina, to acquire East Coast Savings Bank, Inc., SSB, Goldsboro, North Carolina.* 7-26-93 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date BB&T Financial Corporation, Wilson, North Carolina, to acquire Mutual Savings Bank of Rockingham County, SSB, Reidsville, North Carolina.* 7-26-93 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice None. *Application is subject to CRA requirements. F e d e r a l R e s e rv e Bank o f Richmond Availability of CRA Public Evaluations Week ending June 25, 1993 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 The Bank of Charlotte County Main Street Phenix, Virginia 23959 4-5-93 Outstanding Big Stone Gap Bank and Trust Company 621 Wood Avenue Big Stone Gap, Virginia 24219 4-6-93 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 25. 1993 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Barnett Banks, Inc. Jacksonville, Florida To acquire the outstanding shares of capital stock of The Citizens and Peoples National Bank of Pensacola from Bank South Corporation, Atlanta, Georgia, pursuant to Section 3 ( a ) (3) of the Bank Holding Company A c t . Drummond Banking Company Chiefland, Florida To acquire Suwanee Valley Bancshares, Inc., Chiefland, Florida, and thereby acquire its subsidiary, Bank of Florida, N.A., Chiefland, Florida, pursuant to Section 3( a ) (3) of the Bank Holding Company Act. University State Bank Corp. Tampa, Florida Change in control notice by Raul Roque, John A. R. Grimaldi, and Edward Simmon, to retain 28.3 percent of the outstanding shares of common stock. The Bank Holding Company Griffin, Georgia 1-BHC-formation, The Bank of Spalding County, Griffin, Georgia. 07-16-93* Federal Register Not yet available* 07-12-93* Federal Register 07-26-93* Newspaper ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 25. 1993 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Commerce Corporation St. Francisville, Louisiana Change in control notice by Jerry Richard Haskin to acquire an additional 24.85 percent of the outstanding common stock. The acquisition will increase Mr. Haskin's ownership to 49.33 percent. 07-13-93* Federal Register Progressive Capital Corporation Covington, Louisiana Change in control notice by Lucky 7 Irrevocable Trust, Amy Blossman Illing and Ann Blossman Komidor as trustees, to acquire 25.29 percent of the outstanding shares of Progressive Capital Corporation, Covington, Louisiana, and thereby acquire Central Progressive Bank, Amite, Louisiana. Not yet available* First American Corporation Nashville, Tennessee To acquire First American National Bank of Kentucky, Bowling Green, Kentucky, following its conversion from a savings and loan association, known as First Federal Savings and Loan Association of Bowling Green, Bowling Green, Kentucky, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Not yet available* First Farmers Bancshares, Inc. Portland, Tennessee Change in control notice by Charles Hill Beaty and his wife, Montee Kittrell Beaty, to acquire 10 percent of the outstanding shares of common stock of First Farmers Bancshares, Inc., Portland, Tennessee, and together with Charles Randolph Beaty and his wife, Helen June Beaty, to jointly acquire at least 25 percent ownership. 07-19-93* Federal Register ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 25. 1993 Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date First Alabama Bancshares, Inc. Birmingham, Alabama To acquire First Federal Enterprises, Inc., Marianna, Florida, and thereby indirectly acquire its thrift subsidiary, First Federal Savings Bank, Marianna, Florida, pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act. 07-16-93 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Barnett Bank of West Florida Pensacola, Florida Request for increase in bank premises. Magnolia State Capital Corporation Magee, Mississippi Commitment waiver request. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 25. 1993 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 lowand 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 Rating Date Satisfactory 03-15-93 American Bank & Trust Satisfactory of Polk County Post Office Box 3400 Lake Wales, Florida 33859 (813)676-7631 03-15-93 SouthTrust Bank of West Florida Post Office Box 15708 St. Petersburg, Florida (813)894-1035 03-22-93 Bank of Forest Post Office Box 60 Forest, Mississippi (601)469-3663 39074 Satisfactory 33072 Federal Reserve Bank of Chicago S e c t i o n I - A p p l i c a t i o n s Subj e c t to N e w s p a p e r Notice Only Co m m e n t P e r i o d Ending Date Type Application Branch Farmers State Bank P o y Sippi, W i s c o n s i n 2 1 6 N. M a i n Street Seymour, Wisconsin* N - ** Membership H i n s d a l e B a n k a n d Trust C o m p a n y Hinsdale, I l l i n o i s (in organization) To b e c o m e a m e m b e r o f the F e d e r a l R e s e r v e Syst e m * N - 6-27-93 EFT Che m i c a l B a n k B a y A r e a B a y City, M i c h i g a n 4101 W i l d e r R o a d B a y City, M i c h i g a n * N - 7-10-93 Branch The R o c k I s l a n d B a n k R o c k Island, I l l i n o i s 590 - 4 2 n d A v e n u e East Moline, Illinois* N - ** B r a n c h / 2 4A Comerica Bank Detroit, M i c h i g a n 1400 N o r t h W o o d w a r d A v e n u e B l o o m f i e l d Hills, M i c h i g a n * N - ** B r a n c h / 24 A Comerica Bank Detroit, M i c h i g a n 8250 H i l t o n R o a d B r i g h t o n Township, M i c h i g a n * N - ** Federal Reserve Bank of Chicago Section II - Applic a t i o n s Subject to Both Newspapt Register Notice and Federal Comment Period Ending Date Type A DDlication CoC-HC Elc h o Bancorporation, Inc. A l t o o n a , Iowa Jo & Verle Burgason FR - 6-7-93 N P - 6-11-93 CoC-HC Cascade Bancorporation, Inc. Venice, Florida D elilah S h a w and Cascade Bancorporation, Inc. Voting Trust, Charles Ryan as Trustee F R - 6-7-93 N - 6-11-93 CoC-HC Elcho Bancorporation, Inc. Altoona, Iowa D e lilah S h a w IRA and Elcho Bancorporation, Inc., Voting Trust, Charles Ryan as Trustee FR - 6-7-93 N P - 6-11-93 CoC-HC Elc h o Bancorporation, Inc. Altoona, Iowa Mar g u e r i t e Sevde and the Estate of Ri c h a r d Sevde FR - 6-7-93 N P - 6-11-93 M o n t g o m e r y B a n c s h a r e s , Inc. Montgomery, Illinois B a n k of M o n t g o m e r y Montgomery, Illinois* FR - 6-11-93 N - 6-21-93 Y-l O o s t b u r g Bancorp, Inc. O o s t b u r g , Wisconsin O o s t b u r g State Ban k Oostburg, Wisconsin* FR N - Y-l First S ecurity Bancorp, Inc. E l m w o o d Park, Illinois First S ecurity Trust & Savings Bank E l m w o o d Park, Illinois* FR - 6-17-93 N - 6-13-93 CoC-HC First Lena Corporation L e n a , .Illinois Thelma H. Du ft £ R a y E. Stamm FR - 6-23-93 N P - 6-29-93 CoC-HC B a n c o r p o f Rantoul, Inc. Rantoul, Illinois D e n n i s B. L o n g & A n n e L. Long & Thomas B. Bryan & Sally A. Bryan FR - 6-23-93 N P - ** y -i 3-5-93 6-21-93 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspapi Register Notice (C o n t i n u e d ) and Federal Comment P e r i o d Ending Date Type A p p l i cation Y-l Banklllinois Financial Co. Champaign, Illinois B a n k of Illinois in Champaign Champaign, Illinois* FR 7-1-93 N P - 6-28-93 Y-l H e r i t a g e Bancshares Group, Inc. Minneapolis, Minnesota Geiger Corporation Minneapolis, Minnesota H eritage Bank, National A ssociation Holstein, Iowa H eritage Bancshares, Inc. Minneapolis, Minnesota heritage Bank, National A ssociation Willmar, Minnesota* FR - 6-28-93 NP - 6-21-93 Y-2 V a l l e y Bancorporation Appleton, Wisconsin Pierce County Bank and Trust Company Ellsworth, Wisconsin* FR NP - Y-2 Pe o t o n e Bancorp, Inc. Peotone, Illinois R o c k River Bancorporation, Oregon, Illinois R o c k River Bank Oregon, Illinois* FR 7-2-93 N - ** 7-1-93 7-1-93 Inc. Y-l East Dubuque Bancshares, Inc. East Dubuque, Illinois East Dubuque Investment Corporation East Dubuque, Illinois East Dubuque Savings Ban k East Dubuque, Illinois* FR N - Y-l Smithdown Investments, Inc. L a k e Forest, Illinois Hinsdale Bank and Trust Comp a n y Hinsdale, Illinois (in organization)* FR - 7-16-93 N - 6-27-93 Y-2 F & M Bancorporation, Inc. Kaukauna, Wisconsin P a r k Ridge B a ncshares, Inc. Stevens Point, Wisconsin B a n k of Park Ridge P a r k Ridge, Wisconsin* FR N - 7-6-93 7-6-93 7-9-93 7-2-93 Federal Reserve Bank of Chicago Type Section II - ADDlications Subiect to Both N e w s D a o e r and Federal R ecister Notice (Continued) Comment Period E n d i n a Date ADDlication Y-2 F & M M e r g e r Corporation Kaukauna, Wisconsin Park Ridge Bancshares, Inc. Stevens Point, Wisconsin B a n k o f P a r k Ridge Park Ridge, Wisconsin* FR - 7-9-93 N - 7-2-93 Y-l The National B a n k of Indianapolis Corporation Indianapolis, Indiana The National B a n k of Indianapolis Indianapolis, Indiana (in organization)* FR - 7-12-93 N - ** Y-l/Oakar Charter Bancorp, M.H.C. Sparta, Illinois Charter Bank, S.B. Sparta, Illinois* FR - 7-12-93 N - ** Y-2 Citizens Ba n k i n g Corporation Flint, M i c higan Royal B a n k Group, Inc. Royal Oak, Michigan National B a n k of Royal Oak Royal Oak, Michigan* F R - 7-16-93 N - ** Y-l H e a r t w a y Bancorporation Wayland, Iowa W ayland State B a n k Wayland, Iowa* F R - 7-16-93 N - 6-7-93 Y-2 Chemical Financial Corporation Midland, M i c higan K e y State B a n k Owosso, Michigan* F R - 7-16-93 N - 7-16-93 Y-2 D e Witt Bancorp, Inc. D e Witt, Iowa R i v e r V a l l e y Bancorp, Inc. D a v e n p o r t , Iowa V a lley State B a n k (in organization) Eldridge, Iowa* FR - 3-25-93 N - 7-23-93 Y-l R i v e r V a l l e y Bancorp, Inc. Davenport, Iowa Vall e y State B a n k (in organization) Eldridge, Iowa* F R - 3-25-93 N - 7-23-93 Federal Reserve B a n k of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Type Application Y-l The First Trust H o l d i n g s , Inc. Watseka, Illinois First Trust and Savings B a n k of Watseka, Illinois Watseka, Illinois* Comment P e r i o d Ending Date FR - ** N - 7-12-93 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal R e g i s t e r Notice Only Comment Period Ending Date Type Application Y-4 FBOP Corporation Oak Park, Illinois Fairfield Financial Corporation Oak Park, Illinois FR - 6-21-93 Y-4 Continental B a n k Corporation Chicago, Illinois Repechage Partners Ltd. Chicago, Illinois FR - 7-22-93 Y-4 North Milwaukee Bancshares, Inc. Milwaukee, Wisconsin N M Processing, Inc. Milwaukee, Wisconsin FR - 6-28-93 4(c)(8) Northern B a n k s h a r e s , Inc. McFarland, Wisconsin M a k e direct commercial loans in an amount not exceeding $200,000 in the aggregate and to service said loans FR - ** Y-4 A B N A M R O North America, Inc. Chicago, Illinois A B N A M R O Securities, Inc. N e w York, N e w York FR - ** Y-4 A B N A M R O Bank N.V. Amsterdam, The Netherlands A B N A M R O Securities, Inc. N e w York, N e w York FR - ** Y-4 A B N A M R O H o lding N.V. Amsterdam, The Netherlands A B N A M R O Securities, Inc. N e w York, N e w York FR - ** Y-4 Stichting Administratiekantoor A B N A M R O Holding Amsterdam, The Netherlands A B N A M R O Securities, Inc. N e w York, N e w York FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Onl y (Continued) Comment Pe r i o d Ending Date Type Application 4(c)(8) Stichting Prioriteit A B N A M R O Ho l d i n g Amsterdam, The Netherlands A B N A M R O Securities, Inc. N e w York, N e w York FR - ** 4 ( c ) (8) Marshall & Ilsley Corporation Milwaukee, Wisconsin M&I Data Services, Inc. Milwaukee, Wisconsin— to acquire the item processing and data p r o c essing activities of Barnett Bank, Inc., Jacksonville, Florida FR - 7-6-93 4(c)(8) Evans Bancshares, Inc. Evansdale, Iowa Engage in a one-time de novo lending activity via the p urchase of an $80,000 overline from its sub bank FR - 7-15-93 Federal Reserve Bank of Chicago Section I V - Applic a t i o n s Not Subject to Federal R e g i s t e r or Newspaper Notice Type Applic a t i o n RoS Cascade Bancorporation, Inc. Venice, Florida To redeem 4,375.00 of common voting shares & 11,314.66 common nonvoting shares outstanding RoS Waheno Bancorporation, Inc. Altoona, Iowa To redeem a portion of shares currently owned b y Cascade Bancorporation, Inc. RoS National Bancshares Waupun, Inc. Waupun, Wisconsin To redeem 5,535 shares of common stock RoS Peotone Bancorp, Inc. Peotone, Illinois To pur c h a s e 10,000 shares common stock RoS N FR * ** (11.39i) of its outstanding First Lena Corporation Lena, Illinois To redeem 618 shares of its stock - Newspaper - Federal R e g i s t e r - Subject to Provisions of Community Reinvestment A c t - 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 25, 1993. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group 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. SN-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. BANK NAME /LOCATION -NONE EXAMINATION DATE RATINGS Federal Reserve Bank of St. Louis FOR THE WEEK ENDING JUNE 25, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period ^Section 5(d)(3) application by Charter Bancorp, M.H.C., Sparta, Illinois, for its subsidiary, Charter Bank, S.B., Sparta, Illinois, a stock savings bank, to purchase certain assets and assume the liabilities of Charter Bank, S.B., Sparta, Illinois, a mutual savings bank (previously reported during week ending 6-18-93) 7-24-93 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application ^Section 3(a)(1) application by Charter Bancorp, M.H.C., Sparta, Illinois, to acquire Charter Bank, S.B., Sparta, Illinois, a stock savings bank (previously reported during week ending 6-18-93) End of Comment Period Newspaper: 7-24-93 ^Section 3(a)(3) application by Bourbon Bancshares, Inc., Bourbon, Missouri, to acquire Wisdom Holding Corporation, Salem, Missouri, thereby acquiring Dent County Bank and Trust Company, Salem, Missouri Newspaper: 7-10-93 ^Section 3(a)(3) application by First Banks, Inc., St. Louis, Missouri, to acquire up to 19.99 percent of Southside Bancshares Corp., St. Louis, Missouri Newspaper: 7-23-93 ^Section 3(a)(3) application by Lima Bancshares, Inc., Lima, Illinois, to acquire 16.667 percent of East Dubuque Bancshares, Inc., East Dubuque, Illinois Newspaper: 7-25-93 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Amplication End of Comment Period Section 4(c)(8) notification by Mercantile Bancorporation Inc., St. Louis, Missouri, to engage de novo, indirectly through Mercantile Trust Company, N.A. , St. Louis, Missouri, in activities of a fiduciary, agency, and/or custodial nature (previously reported during week ending 6-11-93) 7-12-93 Section 4(c)(8) notification by Cass Commercial Corporation, St. Louis, Missouri, to engage de novo, indirectly through Cass Logistics, Inc., St. Louis, Missouri, in providing data processing services and data transmission services, facilities, data bases and access thereto (previously reported during week ending 6-11-93) 7-12-93 4(c)(8) notification by CNB Bancshares, Inc., Evansville. Indiana, to engage de novo in community development activities through an investment in House Investments - Deerfield Commons, a limited partnership Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Aonlication None. ♦This application is subject to CRA. End of Comment Period 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 g r o u p h a s a n outstanding record of, a n d is a leader in, ascertaining a n d helping to m e e t the credit n e e d s of its entire delineated c o m m u n i t y , including l o w - a n d m o d e r a t e - i n c o m e n eighborhoods, in a m a n n e r consistent with its resources a n d capabilities. Satisfactory record o f meeting community credit needs A n institution in this g r o u p h a s a satisfactory record of ascertaining a n d helping to m e e t the credit n e e d s of its entire delineated c o m m u n i t y , including low- a n d m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r consistent with its resources a n d capabilities. Needs to improve record o f meeting community credit needs A n institution in this g r o u p n e e d s to i m p r o v e its overall record of ascertaining a n d helping to m e e t the credit n e e d s of its entire delineated c o m m u n i t y , including low- a n d m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r consistent with its resources a n d capabilities. Substantial noncom pliance in meeting community credit needs A n institution in this g r o u p h a s a substantially deficient record of ascertaining a n d helping to m e e t the credit n e e d s of its entire delineated c o m m u n i t y , including l o w - a n d m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r consistent with its resources a n d capabilities. FOR THE WEEK ENDING Name of Bank Citizens Bank of New Haven June 25, 1993 Examination Date Bank Address 100 Circle Drive New Haven, Missouri 3-22-93 63068 Examination Rating Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Endina Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Endina Date Application Norwest Corporation Mpls, MN To acquire, through merger, 100% of the voting shares of Winner Banshares, Inc., Winner, SD* 7-16-93 (Federal Register) Otto Bremer Foundation and Bremer Financial Corporation S t . Paul, MN To acquire 100% of the voting shares of Valley Bancshares, Inc., Grand Forks, ND* 7-16-93 (Federal Register) BANKFIRST CORPORATION Brookings, SD To acquire 100% of the voting shares of BANKFIRST, Mpls, MN* 7-22-93 (Federal Register) Laddie E. Cimpl Revocable Trust & Doris Cimpl Revocable Trust To increase their ownership from 24.6% to 28.7% of First Dakota Financial Corporation, Yankton, SD Not yet available Section III - Applications Subject to Federal Register Notice Only Application None. * Subject to CRA Comment Period Endina Date FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Fulton State Bank Fulton, SD To increase its investment in bank premises by $350M FEDERAL RESERVE BANK OF M INNEAPOLIS Section V - Availability of CRA Public Evaluations week ending June 25, 1993 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 lowand 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 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 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. B A N K (S ) EXAMINED Ravalli County Bank P. 0. Box 113 224 Pinckney Street Hamilton, MT 59840 (406) 363-1222 DATE OF EXAMINATION CRA RATING March 22, 1993 Satisfactory Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Megabank of Arapahoe, Englewood, Colorado, for prior approval for membership in the Federal Reserve System. COMMENT PERIOD ENDING DATE Not Available SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE FNB, Inc., Greeley, Colorado, for Net Available prior approval to acquire 88.25 percent of the voting shares of Poudre Valley Bank, Fort Collins, Colorado.* SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Bushnell Bancorp, Bushnell, Nebraska, for prior approval to service participation loans with its subsidiary bank. Not Available ANB Bankcorp, Inc., Bristow, Oklahoma, for prior approval to engage in management consulting advice to nonaffiliated banks and nonbank depository institutions. Not Available Chambanco, Inc., Chambers, Nebraska, for prior approval to participate in lending activities. Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Bushnell Bancorp, Bushnell, Nebraska, for prior approval to redeem 1400 shares of its own voting common stock. Not Available Federal Reserve Bank of Kansas City SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Id e n tific a tio n of Ratings In connection with the assessment of each insured depositoryinstitution'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. S atisfac to ry 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. Exam Date Bank/Location CRA Public Date CRA Rating Uinta County State Bank 03-15-93 128 North Birch Street Mountain View, Wyoming 82939 06-21-93 Needs to Improve Citizens Bank P.O. Box 98 Bancroft, Nebraska 06-21-93 Satisfactory 03-22-93 68004-0098 Federal Reserve Bank of Kansas City Centennial Bank 13700 East Arapahoe Road Englewood, Colorado 80112* 03-22-93 *Application is subject to CRA. 06-24-93 Satisfactory FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 21, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Charles T. Doyle, Texas City, TX, to acquire an interest in Texas Independent Bancshares, Inc., Texas City, TX (Previously reported during the week of 5-31-93) Change in Control Notice by William J. Estrada, Houston, TX, to acquire an interest in Texas Independent Bancshares, Inc., Texas City, TX (Previously reported during the week of 5-31-93) Change in Control Notice by Lawrence J. Del Papa, Galveston, TX, to acquire an interest in Texas Independent Bancshares, Inc., Texas City, TX (Previously reported during the week of 5-31-93) ♦Section 3(a)(3) application by Independent Bankshares, Inc., Abilene, TX, to acquire The Winters State Bank, Winters, TX (Previously reported during the week of 6-7-93) ♦Section 3(a)(3) application by Independent Financial Corp., Dover, DE, to acquire The Winters State Bank, Winters, TX (Previously reported during the week of 6-7-93) ** NOTICE EXP 93/06/25 93/06/25 93/06/25 93/06/27 93/06/27 ♦Section 3(a)(1) application by First Sonora Bancshares, Inc., Sonora, TX, to acquire First Sonora Delaware Bancshares, Inc., Dover, DE, and The First National Bank of Sonora, Sonora, TX N/A ♦Section 3(a)(1) application by First Sonora Delaware Bancshares, Inc., Dover, DE, to acquire The First National Bank of Sonora, Sonora, TX N/A ♦Section 3(a)(1) application by Finger Interests Number One, Ltd., Houston, TX, to acquire CBH, Inc., Wilmington, DE; Charter Bancshares, Inc., Houston, TX; Charter National Bank - Colonial, Houston, TX; Charter National Bank - Houston, Houston, TX; and University National Bank, Galveston, 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 Notice by First Riesel Corporation, Riesel, TX, to redeem 16,258 shares of its common stock. (Filed during the week of 6/14/93)* * 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 21. 1993 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 Van Horn State Bank 100 Broadway P. 0. Box 729 Van Horn, TX 79855 93/03/15 Outstanding Western Bank 140 E. Railroad Ave. P. 0. Box 490 Lordsburg, NM 88045 93/03/15 Satisfactory CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/25/93 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Westamerica Bank, N.A., San Rafael, California, Newspaper: to become a member of the Federal Reserve System. * Ending Date Not applicable Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Kaharudin Latief, Jakarta, Indonesia, to acquire 35 percent of Series C perpetual preferred stock of Bank of San Francisco Company Holding Company, San Francisco, California. Newspaper: Not available Fed. Reg.: 7/20/93 First Security Corporation, Salt Lake City, Utah, to acquire First National Financial Corporation, Alburquerque, New Mexico and its subsidiary, First National Bank of Alburquerque, Alburquerque, New Mexico. Newspaper: 7/21/93 Fed. Reg.: Not yet available Section III - Applications Sub.iect to Federal Register Notice Only Application Comment Period Ending Date BankAmerica Corporation, San Francisco, California, to engage de novo in providing financial or investment advice and full service brokerage activities through its subsidiary, BA Securities, Inc., San Francisco, California. Fed. Rea.: Not yet available BankAmerica Corporation, San Francisco, California, to engage in private placement and riskless principal activities through its subsidiary, BA Securities, Inc., San Francisco, California. Fed. Rea.: Not yet publi shed Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.) Week ending 6/25/93 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending June 25, 1993. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Rio Salado Bank 1400 E. Southern Ave. Tempe, Arizona 85282 Examination Date 03/22/93 Rating* Satisfactory (602) 345-8800 * Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
@FedFRASER