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ANNOUNCEMENT
BOARD OF GOV E R N O R S
OF THE
F E D E R A L R E S E R V E SYSTEM

RESEARCH LIBRARY
H . 2, 1991, NO. 23
lliu ?l)
the Board, its Staff, and
Wtii U l r l O t e d e r a l R e s e r v e Banks;
F e d e r a l . ^Applications and R e ports R e c e i v e d
D<ifr4BBy£5^s4 W e k Ending June 8, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Foreign Bank Supervision Enhancement Act — statement
by Chairman Greenspan before the House Committee on
Banking^ Finance and Urban Affairs/ June 11/ 1991.
Authorized/ June 7, 1991.
Lender liability for hazardous substance cleanup
costs — statement submitted by Governor Kelley to
the Subcommittee on Policy Research and Insurance
of the House Committee on Banking/ Finance and
Urban Affairs/ June 6, 1991.
Approved/ June 5, 1991 .

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
Chicago

Commercial Trust & Savings Bank/ Storm Lake, Iowa —
to establish an electronic offsite facility at 1237
North Lake Avenue.
Approved/ June 7, 1991.

Richmond

First Virginia Bank/ Falls Church, Virginia —
establish a branch at 5740 Union Mill Road,
Clifton/ Virginia.
Approved/ June 4, 1991.

Richmond

Signet Bank / Maryland, Baltimore, Maryland — to
establish an electronic funds transfer facility at
6721 Chesapeake Center Drive, Glen Burnie,
Maryland.
Approved, June 5, 1991.

Secretary

Sovran Bank / Tennessee — to establish two automated
teller machines at Vanderbilt Children7s Hospital,
1161 22nd Avenue South, Nashville, Tennessee, and
at the University of Tennessee at Chattanooga, 615
Vine Street, Chattanooga, Tennessee.
Approved, June 5, 1991.




to

H .2

JUNE 3, 1991
PAGE 2

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Agri Bancorporation, Webster City, Iowa — to acquire
Agri-Bank Corporation, and Farmers National Bank of
Webster City.
Approved, June 7, 1991.

S t . Louis

Citizens Financial Corp ESOP, Belzoni, Mississippi —
to engage de novo in making and servicing loans for
employee stock ownership plan participants.
Permitted, June 7, 1991.

S t . Louis

Citizens Financial Corporation Employee Stock
Ownership Plan, Belzoni, Mississippi — to acquire
Citizens Financial Corporation.
Approved, June 7, 1991.

Atlanta

Commercial Bancorporation, Inc., Orlando, Florida —
to acquire Commercial State Bank of Orlando.
Approved, June 7, 1991.

Chicago

Decatur Corporation, Leon, Iowa — to acquire
Citizens Bank of Princeton, Princeton, Missouri.
Approved, June 6, 1991.

Richmond

DNB Financial Corporation, Mullins, South Carolina —
to acquire Davis National Bank.
Approved, June 4, 1991.

Kansas City

First Dodge City Bancshares, Inc., Dodge City, Kansas
— to acquire Broken Arrow Interim Federal Savings
Association, Broken Arrow, Oklahoma, which was
formed to acquire certain assets and assume certain
liabilities of Broken Arrow Savings Association,
F.A.
Approved, June 7, 1991.

Chicago

First Michigan Bank Corporation, Holland, Michigan —
to acquire FMB - Trust and Financial Services,
National Association.
Returned, June 3, 1991.

Kansas City

Fremont Bank Corporation, Canon City, Colorado — to
acquire The First National Bank of Arvada, Arvada,
Colorado.
Withdrawn, June 5, 1991.

H .2

JUNE 3, 1991
PAGE 3

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Atlanta

Middle Georgia Bankshares, Inc., Unadilla, Georgia —
to engage de novo in the operation of a collection
agency through MGB Collections, Vienna, Georgia.
Permitted, June 5, 1991.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota — to
engage in insurance activities through National
Security Insurance Underwriters of Litchfield,
Litchfield, Minnesota.
Approved, June 4, 1991.

S t . Louis

Plato Bancshares, Inc., Plato, Missouri —
Bank of Plato, Plato, Missouri.
Approved, June 7, 1991.

Chicago

Readyln Bancshares, Inc., St. Paul, Minnesota —
acquire Britt Bancshares, Inc., St. Paul,
Minnesota, and First State Bank.
Returned, June 4, 1991.

Cleveland

Society Corporation, Cleveland, Ohio — to engage
nationwide in data processing services through
Green Machine Network Corporation, North Olmstead,
Ohio.
Permitted, June 3, 1991.

S t . Louis

Sun Financial Corporation, Earth City, Missouri —
acquire Summit Bank, Holts Summit, Missouri.
Approved, June 5, 1991.

to acquire

to

to

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS




Dallas

Production Credit Association of South Texas,
Harlingen, Texas — registration statement.
Withdrawn, June 6, 1991.

Dallas

Security Service Federal Credit Union, San Antonio,
Texas — registration statement.
Withdrawn, June 6, 1991.

Dallas

Southland Corporation Employees Federal Credit Union,
Dallas, Texas — registration statement.
Withdrawn, June 6, 1991.

H.2
JUNE 3, 1991
PAGE 4

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
Dallas

Southwest Federal (formerly Stockton Savings
Association), Dallas, Texas — registration
statement.
Withdrawn, June 6, 1991 .

Dallas

Texas American Energy Corporation, Midland, Texas registration statement.
Withdrawn, June 6, 1991.

CAPITAL STOCK
Chicago

Agri-Bank Corporation, Webster City, Iowa —
redemption of shares.
Approved, June 7, 1991 .

Atlanta

Bradley County Financial Corporation, Cleveland,
Tennessee — redemption of shares.
Approved, June 3, 1991.

S t . Louis

Peoples Bancorp, Inc. of Bullitt County,
Shepherdsville, Kentucky — redemption of shares.
Approved, June 7, 1991.

CHANGE IN BANK CONTROL




San Francisco

C.N. Bancorp, Taipei, Taiwan, and CNB Bancorp, San
Francisco, California — to engage de novo in
lending activities.
Permitted, June 8, 1991.

Philadelphia

Guaranty Bancshares Corporation, Shamokin,
Pennsylvania — change in bank control.
Returned, June 4, 1991.

Atlanta

Mountain Bank, Hiawassee, Georgia —
control.
Permitted, June 3, 1991.

San Francisco

West Coast Bancorp, Portland, Oregon —
bank control.
Permitted, June 7, 1991 .

change in bank

change in

H.2
JUNE 3, 1991
PAGE 5

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Chicago

Brenton National Bank of Des Moines, Des Moines,
Iowa, proposed merger with Brenton Bank and Trust
Company, Urbandale, Iowa — report on competitive
factors.
Submitted, June 6, 1991.

San Francisco

California Savings and L o a m A Federal Association,
San Francisco, California, proposed purchase of
three branches of Western Federal Savings and Loan
Association, Marina Del Ray, California — report
on competitive factors.
Submitted, June 7, 1991.

Kansas City

City Bank & Trust, Oklahoma City, Oklahoma, proposed
acquisition of certain assets and assumption of
certain liabilities of the Oklahoma City branch of
The First National Bank and Trust Company,
Holdenville, Oklahoma — report on competitive
factors.
Submitted, June 5, 1991.

San Francisco

Denali State Bank, Fairbanks, Alaska, proposed merger
with Denali Interim bank — report on competitive
factors.
Submitted, June 7, 1991.

Chicago

East Side Financial, Inc., Chicago,. Illinois,
proposed acquisition of East Side Savings and Loan
Association, Chicago, Illinois — report on
competitive factors.
Submitted, June 7, 1991.

Dallas

Express Bank, Danbury, Texas, proposed merger with
the Alvin branch, Alvin, Texas, of the Merchants
Bank, Houston, Texas -- report on competitive
factors.
Submitted, June 5, 1991.

Philadelphia

First Peoples Bank of New Jersey, Haddon Township,
New Jersey, proposed acquisition of eight branches
of The First National Bank of Toms River, Toms
River, New Jersey -- report on competitive factors,
Submitted, June 6, 1991.

H.2
JUNE 3, 1991
PAGE 6

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Chicago

First Wisconsin Bank of Manitowoc, Manitowoc,
Wisconsin, proposed merger with First Wisconsin
Bank of Two Rivers, Two Rivers, Wisconsin — report
on competitive factors.
Submitted, June 6, 1991.

Dallas

Northern Trust Company of Texas, Houston, Texas,
proposed merger with Northern Trust Bank of Texas,
N.A., Dallas, Texas — report on competitive
factors.
Submitted, June 5, 1991.

Boston

Orange Savings Bank, Orange, Massachusetts, proposed
purchase of certain assets and assumption of
certain liabilities of the Athol, Massachusetts,
branch of Peoples Savings Bank, Worcester,
Massachusetts — report on competitive factors.
Submitted, June 7, 1991.

Atlanta

Peoples Bank of Lawrence County, Mouton, Alabama,
proposed purchase of certain assets and assumption
of the deposit and certain other liabilities of the
four Lawrence County, Alabama, branches of Colonial
Bank, Montgomery, Alabama — report on competitive
factors.
Submitted, June 3, 1991.

S t . Louis

Roosevelt Bank, A Federal Savings Bank, Chesterfield,
Missouri, proposed merger with Hannibal Mutual Loan
and Building Association, Hannibal, Missouri —
report on competitive factors.
Submitted, June 5, 1991.

New York

Scotiabank de Puerto Rico, San Juan, Puerto Rico,
proposed purchase of certain assets and assumption
of certain liabilities of three branches of Banco
Popular de Puerto Rico — report on competitive
factors.
Submitted, June 5, 1991.

Dallas

U.S. Trust Company of Texas, Dallas, Texas, proposed
merger with U.S. Trust Company of Texas, N.A. —
report on competitive factors.
Submitted, June 5, 1991.

H .2

JUNE 3, 1991
PAGE 7

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME




San Francisco

BankAmerica Corporation, San Francisco, California —
extension to divest certain properties.
Granted, June 4, 1991 .

San Francisco

First Security Corporation, Salt Lake City, Utah —
extension to August 31, 1991, to acquire shares of
BHC Holding, Inc., Philadelphia, Pennsylvania.
Granted, June 6, 1991.

San Francisco

Security Pacific Corporation, Los Angeles, California
— extension to divest certain property.
Granted, June 7, 1991.

Atlanta

Soperton Bancshares, Inc., Soperton, Georgia —
extension to September 14, 1991, to redeem shares.
Granted, June 7, 1991.

San Francisco

Sumitomo Bank, Limited, Osaka, Japan — extension to
September 6, 1991, to engage de novo in private
placement and selling of all types of securities,
riskless principal activities, securities brokerage
services, and underwriting and dealing in bank
eligible securities through Sumitomo Bank
Securities, Inc., New York, New York.
Granted, June 5, 1991.

New York

United Counties Bancorporation, Cranford, New
Jersey — extension to August 28, 1991, to acquire
shares of Central Jersey Bancorp, Freehold, New
Jersey.
Granted, June 4, 1991.

H.2
JUNE 3, 1991
PAGE 8

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

INTERNATIONAL OPERATIONS
Secretary

Citizens and Southern International Bank, Atlanta,
Georgia — amendment of Articles of Association to
change name to C&S / Sovran International Bank.
Approved, June 7, 1991.

RESERVE BANK OPERATIONS
Director, FRBO

Federal Reserve Bank of Chicago — elevator
modernization program for the main building.
Approved, June 5, 1991.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Kansas City — to implement
the new System payor bank services pricing with
implementation also of the off-peak fine sort
processing product at Denver and the off-peak lead
point basic MICR product at Kansas City and
Oklahoma City.
Approved, June 4, 1991.

H .2

ADDITIONS AND CORRECTIONS

JUNE 3, 1991
PAGE 9

TO

JUNE 8, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Regulations G and T -- amendments to accommodate
deposits at regulated clearing agencies
(Docket R-0730).
Proposed, May 30, 1991.

ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Gore - Bronson Bancorp, Inc., Prospect Heights,
Illinois — to acquire Interim Federal Savings and
Loan, Cicero, Illinois, which was formed for the
purpose of purchasing the assets and assuming the
liabilities of Clyde Federal Savings Association,
North Riverside, Illinois.
Approved, May 31, 1991.

Chicago

Mid - Citco Incorporated, Chicago, Illinois -- to
acquire Interim Mid-City Federal Savings
Association, which was formed to purchase the
assets and assume the liabilities of Clyde Federal
Savings Association, North Riverside, Illinois.
Approved, May 31, 1991.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

S E CTION I - APPLIC A T I O N S S U BJECT TO
N E W S P A P E R N O T I C E O NLY
C o mment P e r i o d E n d i n g Date

Application
NONE

SE C T I O N II - A P P L I C A T I O N S S U BJECT TO BOT H
N E W S P A P E R A N D F E DERAL R E G I S T E R N O T I C E
A pplication

C o mment P e r i o d E n d i n g Date
NONE

S E CTION III - APPLIC A T I O N S S UBJECT TO
F E DERAL R E G I S T E R N O T I C E ONLY
Application

C o mment P e r i o d E n ding Date
NONE

SE C T I O N IV - APPLIC A T I O N S NOT S UBJECT TO
F E D E R A L R E G I S T E R OR N E W S P A P E R NO T I C E
Application
NONE

SE C T I O N V - A V A I L A B I L I T Y OF CRA P U B L I C EVALUA T I O N S
NONE

♦ Subject to CRA




Federal Reserve Bank of New York

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Banca Commerciale Italiana S.p.A., Milan, Italy to
Italy to engage de novo through its subsidiary, BCI
Capital Corporation, New York, New York, in dealing
in eligible securities.

6/19/91

SECTION IV
Applications Not Involving
______ Public Comment______
None.

Availability of CRA Public Evaluations
Week Ending June 8. 1991
NAME OF BANK

EXAMINATION DATE

None.

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.
N/A - Not Available ’
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.




F E D E R A L R E S E R V E B A N K OF P H I L A D E L P H I A

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Comment Period Ending Date
Orrstown Bank, Orrstown, PA requests permission
to establish a remote service facility to be
located at the Cumberland Union Building,
Cumberland Drive, Shippensburg, PA, and to make
an additional investment in bank premises, pursuant
to Section 24A of the Federal Reserve Act.

7/3/91

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
First Peoples Corporation, Westmont (Haddon
Township), NJ, Notice filed on behalf of
Jerome S. Goodman to increase his ownership
of stock from 7.64% to 12.59% (as a result of
acquisition of the said stock by Conwell Limited
Partnership which is controlled by Mr. Goodman),
pursuant to the Change in Bank Control Act of 1978.
Newspaper:
Federal Register:

7/1/91
6/10/91

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
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.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
For week endina 6/7/91

Institutions

Examination Date

Bank of Mid-Jersey
300 Farnsworth Ave.
Bordentown, NJ 08505
(609) 298-5500

2/4/91

First Executive Bank
1513 Walnut Street
Philadelphia, PA 19102
(215) 564-3300

3/18/91




Federal Reserve Bank of Cleveland
A p p lic a tio n s B u lle tin
F o r Week E n d in g J u n e 8 , 1 9 9 1

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
R e c e i v e d appl i c a t i o n on June 4, 1991 from
The Fifth Thi r d Bank, Columbus, Ohio, for
p e r m i s s i o n to establish a branch at 180
East Broad Street, Columbus, Ohio.

* Not Yet K n o w n #

SECTION I I - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE

SECTION I I I

- APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

R e c e i v e d Section 4 ( c ) (8) a p p lication on
Apr i l 29, 1991 from PNC Financial Corp,
Pittsburgh, Pennsylvania, to engage, as
agent, in the private place m e n t of all
types of securities and to p urchase and
sell all types of securities on the order
of investors as a "riskless principal"
th r o u g h its w h o l l y - o w n e d subsidiary,
PNC Securities Corp.
R e c e i v e d Section 4 ( c ) (8) appl i c a t i o n on
April 29, 1991 from N ational City
Corporation, Cleveland, Ohio, to acquire
C o nsolidated Data-Tech, I n c . , La Palma,
California.

*
#
N
F

-

July 9, 1991

June 17,

1991

Subject to CRA
Expected to end app r o x i m a t e l y 30 days from the date of receipt
N e w s p a p e r Comment Period
Federal Regi s t e r Comment Period




A p p lic a tio n s B u lle tin
F o r Week E n d in g J u n e 8 , 1 9 9 1
SECTION I I I

- APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY ( C o n t

.)

R e c e i v e d S e ction 4 ( c ) (8) a p p l i c a t i o n on
J u n e 3, 1991 from Banc One Corporation,
Columbus, Ohio, to e x p a n d the a c tivities
of its w h o l l y - o w n e d subsidiary, Banc One
Capital Corporation, to include u n d e r w r i t i n g
and de a l i n g in, to a limited extent, all
types of debt and e q uity securities.

Not Yet K n o w n #

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

R e c e i v e d r e quest on June 7, 1991 from
H e a r t l a n d Bank, Grove City, Ohio, for
p e r m i s s i o n to rep u r c h a s e 3,351 shares
or 6.70 p e r c e n t of its shares outstanding. *

*
#
N
F

-

Subject to CR A
Expected to end a p p r o x i m a t e l y 30 days from the date of r e c e i p t
N e w s p a p e r Comment Period
Federal R e g i s t e r C o mment Period




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(June 7, 1991)

The follo w i n g state m e m b e r banks h a v e b e e n exa m i n e d by the Federal
R e s e r v e B a n k of C l e v e l a n d for c o m p liance w i t h The C o mmunity
R e i n v e s t m e n t Act.
A p u b l i c eva l u a t i o n docu m e n t is a v a i lable from
the bank(s) listed below.
If you are interested in o b t a i n i n g a
copy of
an e v a l uation document,
please
c ontact the bank(s)
directly.




NON E

Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period Ending Date

Hanover Bank, Mechanicsville, Virginia,
for permission to establish a branch at
300 England Street, Ashland, Virginia.*

7-5-91

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

First Union Corporation, Charlotte, North
Carolina, to engage in riskless principal
activities

Not yet available.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

^Application is subject to CRA.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending June 7, 1991

Examination
Date

Peoples Bank of Danville
P. 0. Box 1658
Danville, Virginia 24543

2-25-91

South Boston Bank
4013 Halifax Street
South Boston, Virginia

2-25-91

24592

Johnsonville State Bank
Broadway Street
Johnsonville, South Carolina 29555

3-12-91

Barbour County Bank
107 Pike Street
Philippi, West Virginia

3-12-91




26416

Federal Reserve Bank of A t l a n t a
A p plications Bulletin for Week Ending J u n e 7. 1991

Section 1 - Applications Subject to N e w s p a p e r N o t i c e Only

A p p lication

Comment P e r i o d Ending Date

None.

Section 2 - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment P e r i o d Ending Date

Bank of St. Petersburg
Not yet available
St. Petersburg, Florida
Change in control by Frank S. Connova
to acquire 52.72 percent of the outstanding
shares of common stock.
Wiregrass Bancorporation
A s h f o r d , Alabama
To acquire Barbour County Bank, Clayton,
Alabama.

Not yet available

Section 3 - Applications Subject to Federal
Register Notice Only
Application

Comment P e r i o d Ending Date

None.

Section 4 - Applications Not S u bject to
Federal Register Notice or Newspaper No t i c e
Application
First Community Bank of Orange City
Orange City, Florida
Request for increase in bank premises.




Section

10 - A v a i l a b i l i t y of C R A P u b l i c E v a l u a t i o n s

The C R A p u b l i c evaluations of the institutions listed below b e c a m e
available d u r i n g the week ending June 7, 1991.
Information a b o u t
an i n s t i t u t i o n 's CRA evaluation may be obtained directly from t h e
institution.
Bank
The Bl a c k s h e a r Bank
295 H i g h w a y 82 West
Blackshear, Georgia
(912) 449-6685




Examination Date
03-18-91
31516

Federal Reserve Bank of Chicago

Section I - Applications Subject to Newspaper
Notice Only
Canment Period
E n d in g nat**
Application

Type
EFT

Fort Madison Bank & Trust Co.
Fort Madison, Iowa
Hy-Vee Food Store
2606 Avenue L
Fort Madison, Iowa*

N

- 6-24-91

Merger/

Security Bank of Commerce
Hamtramck, Michigan

N

- 4-18-91

Branches

Security Bank St. Clair Shores
St. Clair Shores, Michigan
24612 Harper Avenue
St. Clair Shores, Michigan
19900 E. Nine Mile Road
Clinton Township, Michigan
31320 Harper Avenue
Clinton Township, Michigan
35135 Harper Avenue
Clinton Township, Michigan*

Section II - Applications Subject to Both Newspaper and Federal
Reqistar Notice
Comment Period
Type

Application

CoC

Manhattan Bancshares, Inc.
Jtonhattan, Illinois
Robert Rauworth

Y-l

First Bancshares, Inc.
Schaumburg, Illinois
First Bank of Schaumburg
Schaumburg, Illinois*

E n d in g nat-g

FR - **

N

- 6-13-91

FR - **

N

- 4-22-91

CoC-HC

1st Brookfield, Inc.
FR - **
Brookfield, Illinois
N - **
Jan & Margaret Schultz; Frederick M. Brooks;
Michael Colbert; Jeannie Schultz;
Anthony Kesman, Jr.; William Handley;
John Di Giovanni & ESQP

Y-l

1st Brookfield, Inc. Employee Stock Ownership
Plan and Trust Agreement
Brookfield, Illinois
1st Brookfield, Inc.
Brookfield, Illinois
First National Bank of Brookfield
Brookfield, Illinois*




Federal Reserve Bank of Chicago

Section II - Applications Subject to Both Newspaper and Fpfter-ai
Register Notice
Continued
Comment Period
Enriinn n a te

Type

Application

Y-2

FS Bancshares, Inc.
Markesan, Wisconsin
Fox Lake Bankshares, Inc.
Fox Lake, Wisconsin
State Bank of Fox Lake
Fox Lake, Wisconsin*

FR - **
N - **

Y-I

Eastern Illinois Bancorp, Inc.
Casey, Illinois
The Casey National Bank
Casey, Illinois*

FR - **
N - **

Type

Section III - Applications Subject to Federal Registar
Notice Only
Comment Period
Ending Hate
Application

Y-4

Central Illinois Financial Corporation
FR - 6-19-91
Champaign, Illinois
Heartland Federal Savings and Loan Association
Mattoon, Illinois*

Y-4

Indiana United Bancorp
Greensburg, Indiana
Regional Federal Bancorp, Inc.
New Albany, Indiana
Regional Federal Savings Bank
New Albany, Indiana*

FR - 6-19-91

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

None

N
FR
*
**

-




Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time

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 07, 1991.

RANK NAME/LOCATION
NONE




EXAMINATION DATE

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING JUNE 7 , 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
* Section 3(a)(3) application by
First Commercial Corporation,
Little Rock, Arkansas to acquire
Farmers and Merchants Bank,
Rogers, Arkansas
Section 3(a)(3) application by
Security Company, DeQueen,
Arkansas to acquire Rodgers Family
Bancshares, Inc., Waldron, Arkansas

End of Comment Period

Not yet available

July 15, 1991

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 4(c)(8) notification by
First Arkansas Bancshares, Inc.,
Jacksonville, Arkansas, to engage
de novo, indirectly in real estate
appraising

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
FOR THE WEEK ENDING JUNE 7, 1991

AVAILABILITY OF CRA PUBLIC DISCLOSURES

Bank Name
None




Bank Adress

Examination Date

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
First Bank System, Inc.
Minneapolis, MN
To engage in general insurance agency
activities through the acquisition of
Al Hektner Insurance, Inc., Fargo, N D .

5-16-91

Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

David T . Kearns
To acquire control of 25.5% of SBT
Financial, Inc., Townsend, MT

6-19-91
(Federal Register)

Alan Hann
To increase his ownership interest to
25.59% of Dickinson Bancorporation,
Inc., Dickinson, ND

6-17-91
(Newspaper)

RCN Holding Company
Sisseton, SD
To acquire 94.8% of Roberts County
National Bank
Sisseton, SD*

Not yet available

First Bancorp, Inc.
Huron, SD
To acquire, via merger, 100% of
First Western Bancorp, Inc., Huron,
SD;*

Not yet available

Stearns Financial Services, Inc.
Albany, MN
To acquire directly and indirectly,
through the acquisition of 100% of
Howard W. Reiter Investment Company,
89.6% of the National Bank of Canby,
Canby, MN*

Not yet available

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)
Comment Period
Ending Date

Application
Hansen Freeborn, Inc.
Freeborn, MN
To acquire 100% of the First State
Bank of Freeborn
Freeborn, MN*

Not yet available

Section III - Applications Subject
to Federal Register Notice Onlv
Comment Period
Ending Date

Application
State Bank of Ewen
Ewen, MI
To redeem 7.1% of its voting shares

Not yet available

Turtle Bancshares, Inc.
Turtle Lake, WI
To engage de novo in making and servicing loans.

6-19-91

RCN Holding Company
Sisseton, SD
To engage in general insurance agency
activities through the acquisition of
Powell-Kouba-Torness Insurance Agency
Partnership.

Not yet available

Stearns Financial Services, Inc.
Albany, MN
To engage in general insurance agency
activities through the acquisition of
Howard W. Reiter Investment Company,
Canby, M N .

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

■^Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending June 7, 1991

Bank Name

First Valley Bank




Address/
City/State

Phone Number/
Examination Date

P. 0. Box 720
Seeley Lake, Montana

(406) 677-2464
April 1, 1991

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONL Y
APPLICATION

F i r s t S t a t e B a n k of T a o s , T a o s , N e w
M e x i c o , for p r i o r a p p r o v a l to
e s t a b l i s h a b r a n c h at L a s C o l o n i a s ,
Taos County, New Mexico.

COMMENT PERIOD ENDING DATE

Not

Available

SECTION II - APPLICATIONS SUBJECT T O BOT H
NEWSPAPER AND FEDERAL REGISTER NO T I C E
APPLICATION

COMMENT PERIOD ENDING DATE

W e s t e r n B a n c s h a r e s , I n c., A l l i a n c e ,
N e b r a s k a , for p r i o r a p p r o v a l to
bec o m e a bank h o l ding c o m pany through
t h e a c q u i s i t i o n o f 10 0 p e r c e n t of the
v o t i n g s h a r e s of W e s t e r n Bank,
National Association, Bridgeport,
N e b r a s k a (a b a n k in o r g a n i z a t i o n ) . *

Not

Available

F r e m o n t B a n k C o r p o r a t i o n , C a n o n City,
C o l o r a d o , for p r i o r a p p r o v a l to
a c q u i r e 80 p e r c e n t o f t h e v o t i n g
s h a r e s o f T h e F i r s t N a t i o n a l Ban k of
Arvada, Arvada, Colorado.*

Not

Available

Scott Stuart Family Partnership,
L i n c o l n , N e b r a s k a , for p r i o r a p p r o v a l
t o a c q u i r e 7 . 5 1 p e r c e n t of t h e v o t i n g
s h a r e s of the S t u a r t F a m i l y
Partnership, Lincoln, Nebraska.*

Not

Available

First Laurel Security Company,
L a u r e l , N e b r a s k a , for p r i o r a p p r o v a l
t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g
s h a r e s of F i r s t O s m o n d Corpo r a t i o n ,
p a r e n t o f O s m o n d S t a t e B a n k , b o t h of
Osmond, Nebraska.*

Not

Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R N O T I C E ONLY
APPLICATION

G r e a t e r M e t r o Bank Ho l d i n g Company,
A u r o r a , C o l o r a d o , for p r i o r a p p r o v a l
to a c q u i r e A u r o r a N a t i o n a l M o r t g a g e
Company, Aurora, Colorado, and
t h e r e b y e n g a g e d e n o v o in m o r t g a g e
banking activities.




COMMENT

PERIOD

Not

ENDING

Available

DATE

Federal Reserve Bank of Kansas City

B r o o k e H o l d i n g s , Inc., J e w e l l , K a n s a s
( t h r o u g h its subsidiary, Brooke
C o r p o r a t i o n , J e w e l l , K a n s a s ) , for
p r i o r a p p r o v a l t o a c q u i r e the
i n s u r a n c e a g e n c y a s s e t s of M i d A m e r i c a
I n s u r a n c e a n d R e a l E s t a t e of
P h i l l i p s b u r g , Kansas.

Not A v a i l a b l e

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O T I C E
OR NEWSPAPER NOTICE
APPLICATION

A m e r i c a n Interstate Bancorporation,
O m a h a , N e b r a s k a , for p r i o r a p p r o v a l
t o r e d e e m 1 0 , 0 0 0 s h a r e s of its o w n
v o t i n g c o m m o n stock.

SECTION X - AVAILABILITY OF CRA PUBLIC EVALUATIONS
BANK/LOCATION

EXAMINATION

DATE

F i r s t M o u n t a i n State Bank
5 2 1 E. M a i n S t r e e t
Montrose, CO
81401-3931

March

18,

1991

T h e Bank of J a c k s o n Hole
P.O. Box 7000
Jackson, WY
83001

March

18,

1991

*Application




is

subject

to CRA.

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 3, 1991

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
Central Bank Employee Stock Ownership Plan, Monroe, LA,
to acquire an interest in Central Corporation, Monroe, LA

06/21/91

Change in Control Notice by
Robert C. Cudd, III, Monroe, LA, to acquire an interest
in Central Corporation, Monroe, LA

N/A

*Section 3(a)(1) application by
Flower Mound Bancshares, Inc., Flower Mound, TX, to
acquire Security Bank, Flower Mound, TX

07/03/91

^Section 3(a)(1) application by
HMS Holdings, Inc., San Antonio, TX, to acquire
Castle Hills National Bank, San Antonio, TX

07/05/91

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 Silsbee Financial Corporation, Silsbee, TX,
to redeem 1,625 shares of its common stock




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JUNE 3. 1991
Bank

Date of Examination

First City, Texas-Kountze
P. 0. Box 2280
Kountze, TX 77625

03/18/91

SilsDee State Bank
P. 0. Box 487
Silsbee, TX 77656

03/25/91

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A
NOT AVAILABLE AT THIS TIME.




FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 6/07/91
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
H. Leon Brooks, Beverly Hills, California, to
retroactively acquire up to 14.95 percent of
Professional Bancorp, Inc., Santa Monica,
California.

Newspaper:

Not available

Fed. Reg.:

6/19/91

Security Pacific Corporation, Los Angeles,
Newspaper:
California, and Security Pacific Bancorporation
Northwest, Seattle, Washington, to retain all
Fed. Reg.:
of the voting shares of Security Pacific Bank
Idaho, N.A., Coeur d'Alene, Idaho, upon
conversion from a savings bank to a national bank. *

6/28/91
7/01/91

Section III - Applications Subject to Federal Register Notice Only
Security Pacific Corporation, Los Angeles,
California, to expand the activities conducted
by Security Pacific Securities, Inc., Seattle,
Washington, to include underwriting and dealing
in unrated municipal revenue bonds; private
placement and related financial advisory
activities; and remarketing agent services in
connection with securities placed.

Fed. Reg.: Not yet published

Australia and New Zealand Banking Group
Limited, Melbourne, Australia, to engage in:
(1) providing securities brokerage and
investment advisory services on a combined
basis; (2) providing corporate finance advisory
services; and (3) arranging for sales and
purchases of loans or other extensions of
credit through ANZ McCaughan Securities
(USA), Inc., New York, New York.

Fed. Reg.: Not yet published

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None




Section V - Availability of CRA Public Evaluations

*

Information about a particular institution's CRA evaluation may be obtained
directly from the institution.
Institution

Location

West One Bank, Utah

107 South Main Street
Salt Lake City, Utah 84111
Tel: (801) 534-6000

* Subject to CRA




Examination Date
3/04/91