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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