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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, No. 23 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending June 8, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Bank of Boston Corporation, Boston, Massachusetts -to acquire The Boston Bancorp, and South Boston Savings Bank. Approved, June 3, 1996. First Commerce Banks of Florida, Inc., Winter Haven, Florida -- to acquire Prime Bank of Central Florida, Titusville, Florida. Approved, June 5, 1996. J.P. Morgan & Co. Incorporated, New York, New York -request for certain of its foreign subsidiaries to engage in acting as a futures commission merchant with respect to futures and options on futures contracts and trading the same contracts for their own accounts; and executing only and clearing only futures and options; consent for J.P. Morgan & Cie S.A. to trade in the Deutsche Mark/French Franc Option contract directly on the Marche a Terme International de France; and consent for several foreign subsidiaries of J.P. Morgan to trade through omnibus accounts. Granted, June 5, 1996. Union Planters Corporation, Memphis, Tennessee - - t o acquire Eastern National Bank, Miami, Florida. Approved, June 5, 1996. ENFORCEMENT Bank Bumiputra Malaysia Berhad, Kuala Lumpur, Malaysia, and its Los Angeles agency and its New York branch -- written agreement dated April 26, 1991, terminated May 13, 1996. Announced, June 3, 1996. Bank of White Sulphur Springs, White Sulphur Springs, West Virginia -- written agreement dated February 28, 1992, terminated May 10, 1996. Announced, June 3, 1996. Dyer F&M Bancshares, Dyer, Tennessee -- cease and desist order dated January 14, 1994, terminated May 3, 1996. Permitted, June 3, 1996.* **Please note that H.2, 1996, No. 22 is for week ending June 1, 1996. H.2 J U N E 3, 1996 PAGE 2 TO J U N E 8, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248) -- extension with revision. Approved, June 7, 1996. Finance Company Survey (FR 3033s) -- to conduct second stage of voluntary quinquennial survey. Approved, June 7, 1996. REGULATIONS AND POLICIES Regulation D -- publication for comment of proposed revision to simplify and update regulation (Docket R-0929). Approved, June 5, 1996. Regulation S -- adoption of revision to Subpart A, regarding fees charged by depository institutions for assembling or providing financial records in response to requests under the Right to Financial Privacy Act (Docket R-0906). Approved, June 5, 1996. 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 New York Chemical Bank, New York, New York -- to establish an offsite electronic facility at Gannett Suburban Newspapers, 1 Gannett Drive, White Plains, New York. Approved, June 5, 1996. New York Chemical Bank, New York, New York -- to establish a branch at 6067 Myrtle Avenue, Queens, New York. Approved, June 7, 1996. H.2 J U N E 3; 1996 PAGE 3 TO J U N E 8, 1996 A C T I O N S T A K E N BY T HE ST A F F A N D THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Chicago Harris Trust and Savings Bank, Chicago, Illinois -to establish an offsite electronic facility at 4709-11 West Gold Road, Skokie, Illinois. Approved, June 7, 1996. Cleveland Hocking Valley Bank, Athens, Ohio -- notice of intent to establish a branch at 5615 Washington Road, Albany; and 235 Columbus Road, Athens, Ohio. Approved, June 3, 1996. Cleveland Iron and Glass Bank, Pittsburgh, Pennsylvania -- to establish a branch at 1100 Washington Avenue, Scott Township, Pennsylvania. Approved, June 8, 1996. Chicago Midwest Bank 8 Trust Company, Converse, Indiana - - t o establish a branch at 410 Flint Way Drive, Kokomo, Indiana. Approved, June 3, 1996. San Francisco Monarch Bancorp, Laguna Niguel, California - - t o establish a branch at 401 Glenneyre. Approved, June 3, 1996. Richmond Northern Neck State Bank, Warsaw, Virginia - - t o establish a branch inside the Wal-Mart store at 1660 Tappahannock Boulevard, Tappahannock, Virginia. Approved, June 4, 1996. Secretary SunTrust Bank, North Central Florida, Ocala, Florida -- to establish a branch at 5303 S.W. 91st Drive, Gainesville, Florida. Approved, June 5, 1996. Secretary SunTrust Banks, Inc., Orlando, Florida -- to establish a branch at 5899 Whitfield Avenue, Suite 100, Sarasota, Florida. Approved, June 5, 1996. H.2 J U N E 3, 1996 PAGE 9 TO J U N E 8, 1996 A C T I O N S T A K E N BY T H E S T A F F A N D THE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Barnett Banks, Inc., Jacksonville, Florida -- to engage de novo in community development activities through Barnett Community Development Corporation. Permitted, June 6, 1996. Secretary Boatmen’s Bancshares, Inc., St. Louis, Missouri -- to merge with Canadian Bancshares, Inc, Canadian, Texas, and acquire First State Bank of Canadian. Approved, June 5, 1996. Atlanta Brookwood Group, L.P., Columbia, Tennessee -- to retain shares of the Middle Tennessee Bank. Approved, June 7, 1996. Chicago Central Wisconsin Bancorporation, Inc., Colby, Wisconsin - - t o acquire Owen-Curtiss State Bank, Owen, Wisconsin. Approved, June 4, 1996. New York Community Bank System, Inc., Dewitt, New York -- to acquire Mayer Management Co., Inc., Utica; and engage in administrative, record keeping, participant communications, and actuarial services for employee benefit plans. Approved, June 1996. Richmond Community Bankshares Incorporated, Petersburg, Virginia - - t o acquire Commerce Bank of Virginia, Richmond, Virginia. Approved, June 4, 1996. Chicago F & M Bancorporation, Inc, Kaukauna, Wisconsin - - t o acquire Community State Bank, Algoma, Wisconsin. Approved, June 5, 1996. Atlanta First Community Bank Holding Corporation, Orange City, Florida - - t o acquire First Community Bank. Permitted, June 7, 1996. Atlanta Fort Brooke Bancorporation, Brandon, Florida -- to acquire Fort Brooke Bank. Approved, June 6, 1996. Chicago Fortress Bancshares, Inc., Cresco, Iowa -- to acquire Fortress Bank of Cresco. Returned, June 3, 1996. H.2 J U N E 3; 1996 PAGE 5 TO J U N E 8, 1996 A C T I O N S T A K E N BY THE S T A F F A N D TH E F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Hills Bancorporation, Hills, Iowa -- to acquire Trimpe's Inc., Lisbon, Iowa, Alliance Bancorporation, and Lisbon Bank and Trust Company. Approved, June 6, 1996. New York Hubco, Inc., Mahwah, New Jersey -- to acquire Lafayette American Bank and Trust Company, Bridgeport, Connecticut. Approved, June 7, 1996. Kansas City INTRUST Financial Corporation, Wichita, Kansas -- to engage de novo in community development activities through INTRUST Community Development Corporation. Permitted, June 7, 1996. Richmond Mitchell Bancorp, Inc., Spruce Pine, North Carolina - to acquire Mitchell Savings Bank, Inc., SSB. Approved, June 7, 1996. Cleveland Premier Financial Bancorp, Inc., Georgetown, Kentucky -- to acquire Farmers Deposit Bancorp, Eminence, Kentucky. Approved, June 6, 1996. Chicago Thomson Investment Company, Inc., Savanna, Illinois - to acquire Gateway State Bank, Clinton, Iowa, and Savanna Bancorp, Inc. and Savanna State Bank. Approved, June 6, 1996. GC U.S. Bancorp, Portland, Oregon -- request by its subsidiary, United States National Bank of Oregon, for an exemption from section 106 of the Bank Holding Company Act Amendments of 1970 to offer a credit card secured by deposits at any affiliated bank. Granted, June 5, 1996. Chicago Van Diest Investment Company, Ankeny, Iowa -- to acquire East Des Moines National Bank, Des Moines, Iowa. Approved, June 4, 1996. H.2 J U N E 3, 1996 PAGE 6 TO J U N E 8, 1996 A C T I O N S T A K E N BY THE ST A F F A N D THE F E D E R A L R E S E R V E B ANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago VCR Bancorporation, Ltd., Carlisle, Iowa -notification of intent to engage in lending activities. Permitted, June 7, 1996. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS Director, BS&R Fleet Trust Company, Rochester, New York -registration as transfer agent. Withdrawn, June 5, 1996. BANKS, STATE MEMBER Minneapolis Farmers State Bank of Montana, Conrad, Montana -payment of a dividend. Approved, June 6, 1996. Director, BS&R Princess Anne Bank, Virginia Beach, Virginia -registration as transfer agent. Withdrawn, June 5, 1996. Minneapolis Wadena State Bank, Wadena, Minnesota -- payment of a dividend. Approved, June 3, 1996. CHANGE IN BANK CONTROL Chicago A.M. Saylor, Incorporated, Hampton, Iowa -- change in bank control. Permitted, June 7, 1996. Kansas City Wilburton State Bancshares, Inc., Wilburton, Oklahoma -- change in bank control. Permitted, June 3, 1996. COMPETITIVE FACTORS REPORTS San Francisco Bank of Orange County, Fountain Valley, California, proposed merger with Orange Bancorp -- report on competitive factors. Submitted, June 4, 1996. H .2 J U N E 3, 1996 PAGE 7 TO J U N E 8, 1996 A C T I O N S T A K E N BY T HE S T A F F A N D THE F E D E R A L R E S E R V E BAN K S UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Community State Bank, Algoma, Wisconsin, proposed merger with F & M Interim bank, Kaukauna, Wisconsin -- report on competitive factors. Submitted, June 5, 1996. St. Louis Fairbanco Holding Company, Inc., Fairburn, Georgia, and Fairbanco Holding Company, Inc. Employee Stock Option Plan, proposed merger of Fairburn Banking Company with Interim Federal Association -- report on competitive factors. Submitted, June 3, 1996. Cleveland Farmers National Bank of Emienton, Emienton, Pennsylvania, proposed purchase of certain assets and assumption of liabilities of the Know, Ohio, branch of Mellon Bank, N.A., Pittsburgh, Pennsylvania -- report on competitive factors. Submitted, June 6, 1996. Chicago First National Bank of Chicago, Chicago, Illinois, proposed purchase of the assets and assumption of the liabilities of the Lake Forest, branch of Avondale Federal Savings Bank, Chicago, Illinois - report on competitive factors. Submitted, June 7, 1996. Richmond First National Bank of Clifton Forge, Clifton Forge, Virginia, proposed merger with CF Acquisition Subsidiary, N.A. (Interim), Martinsville, Virginia -- report on competitive factors. Submitted, June 3, 1996. Richmond First National Bank of St. Marys, St. Marys, West Virginia, proposed merger with First National Interim Bank -- report on competitive factors. Submitted, June 3, 1996. New York Hub Interim Bank, Hamden, Connecticut, proposed merger with Lafayette American Bank & Trust Company, Bridgeport, Connecticut -- report on competitive factors. Submitted, June 6, 1996. H.2 J U N E 3, 1996 PAGE 8 TO J U N E 8, 1996 A C T I O N S T A K E N BY T HE S T A F F A N D T HE F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Midlantic Bank, N.A., Newark, New Jersey, proposed merger with PNC Bank, N.A., Pittsburgh, Pennsylvania, and proposal by PNC Bank to purchase 73 branches of Midlantic Bank, N.A. -- report on competitive factors. Submitted, June 6, 1996. St. Louis Roosevelt Financial Group, Inc., Chesterfield, Missouri, proposed merger of Sentinel Financial Corporation, Kansas City, Missouri, and acquisition of Sentinel Federal Savings and Loan Association of Kansas City -- report on competitive factors. Submitted, June 6, 1996. St. Louis Roosevelt Financial Group, Inc., Chesterfield, Missouri, proposed merger with Mutual Bancorporation, Inc., Jefferson City, Missouri, and acquisition of Mutual Savings Bank, FSB -- report on competitive factors. Submitted, June 6, 1996. Dallas Union National Bank of Texas, Laredo, Texas, proposed merger with Groos Bank, National Association, San Antonio, Texas -- report on competitive factors. Submitted, June 6, 1996. San Francisco Utah Federal Savings Bank, Ogden, Utah, proposed merger with Washington Mutual Bank, FSB, Lake Oswego, Oregon -- report on competitive factors. Submitted, June 4, 1996. EXTENSIONS OF TIME Atlanta Barnett Bank of the Treasure Coast, Port St. Lucie, Florida -- extension to June 19, 1997, to establish a branch at the northwest corner of St. Lucie West Boulevard and Northwest Country Club Drive. Granted, June 6, 1996. H.2 J U N E 3 / 1996 PAGE 9 TO J U N E 8, 1996 A C T I O N S T A K E N BY THE S T A F F A N D TH E F E D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Dallas Chaparral Bancshares, Inc.,, Richardson, Texas -extension to September 4, 1996, to acquire Chaparral Delaware Bancshares, Inc., Dover, Delaware, and Canyon Creek National Bank, Richardson, Texas. Granted, June 6, 1996. Dallas Chaparral Delaware Bancshares, Inc., Dover, Delaware -- extension to September 4, 1996, to acquire Canyon Creek National Bank, Richardson, Texas. Granted, June 6, 1996. Atlanta N.W. Services Corporation, Ringgold, Georgia -extension to June 12, 1997, to achieve change in bank control. Granted, June 6, 1996. Richmond Patapsco Bancorp, Inc., Dundalk, Maryland -extension to September 5, 1996, to acquire The Patapsco Bank. Granted, June 4, 1996. Dallas Premier Bancshares, Inc., La Grange, Texas -extension to July 1, 1996, to acquire Premier Holdings - Nevada, Inc., Carson City, Nevada, and La Grange State Bank, La Grange, Texas. Granted, June 6, 1996. Dallas Premier Holdings - Nevada, Inc., Carson City, Nevada -- extension to July 1, 1996, to acquire La Grange State Bank, La Grange, Texas. Granted, June 6, 1996. San Francisco U.S. Bancorp, Portland, Oregon -- extension to divest certain property. Granted, June 6, 1996. H.2 J U N E 3, 1996 P A G E 10 TO J U N E 8, 1996 A C T I O N S TAK E N BY THE S T A F F A ND T HE F E D E R A L R E S E R V E B ANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS Philadelphia CoreStates Bank International, Philadelphia, Pennsylvania -- notice of intent to establish a branch in Miami, Florida. Permitted, June 4, 1996. Minneapolis First PREMIER Bank, Sioux Falls, South Dakota -- to become a member of the Federal Reserve System. Approved, June 6, 1996. St. Louis Tell City National Bank, Tell City, Indiana -- to remain a member of the Federal Reserve System following conversion to a state charter and to retain branch faciliites. Approved, June 5, 1996. MEMBERSHIP RESERVE BANK OPERATIONS GC Federal Agricultural Mortgage Corporation -agreement under which the Federal Reserve Banks would act as fiscal agents for the FAMC. Approved, June 5, 1996. Director, FRBO Federal Reserve Bank of Philadelphia -- to acquire check image archive and retrieval systems and an imaging camera for District’s check processing operations. Approved, June 5, 1996. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Philadelphia -- to offer a high-speed commercial check image capture service. Approved, June 5, 1996. H .2 ADDITIONS AND CORRECTIONS JUNE 3,. 1996 PAGE 11 TO JUNE 8 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS. NATIONAL Secretary Bank IV, N.A., Wichita, Kansas, and Bank IV Oklahoma, N.A., Tulsa, Oklahoma -- to invest in BBI Merchants Processing Company, L.L.C., St. Louis, Missouri. Approved, May 9, 1996. EXTENSIONS OF TIME San Francisco Wells Fargo & Company, San Francisco, California -extension to divest certain property. Granted, May 31, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date Emerald Isle Bancorp, Inc., Quincy, Massachusetts section 3 notification to acquire The Hibernia Savings Bank, Quincy, Massachusetts Newspaper 5-21-96 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 ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE *Subject to CRA. **Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK Comment Period Ending Date SECTION I Applications Subject to Newspaper ________Notice Only________ Manufacturers and Traders Trust Company, Buffalo, New York, to establish a branch at Osborn Retirement Community, 101 Theall Road., Rye, New York. 1/ 07/05/96 Chemical Bank, New York, New York, to establish an off-site electronic facility at Morgan Stanley & Co., Inc., 1221 Avenue o f the Americas, 34th Floor, New York, New York. 1/ 07/08/96 Adirondack Bancorp, Saranac Lake, New York, to become a bank holding company with respect to Adirondack Bank, N.A., Saranac Lake, New York. 1/ 06/15/96 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Notice o f Change in Control with respect to the acquisition o f 16.3 percent o f the shares of Hudson Valley Holding Corp., Yonkers, New York, by Robert H. Abplanalp Irrevocable Retained Annuity Trust. N/A Notice by North Fork Bancorporation, Mattituck, New York, to acquire up to 9.9 percent o f the shares o f Haven Bancorp, Inc., Woodhaven, New York, a savings and loan holding company with respect to Columbia Federal Savings Bank, Woodhaven, New York. N/A SECTION III Nonbanking Applications /subject to Federal Register Notice Only 1 Canadian Imperial Bank o f Commerce, Toronto, Canada, and Canadian Imperial Holdings, Inc., New York, New York, to engage through their subsidiary, CIBC, Inc., New York, New York, in high residual value leasing activities. N/A SECTION III Nonbanking Applications (subject to Federal Register Notice Only cont. 1 Notice by Societe Generale, Paris, France, to engage through its New York Branch in making community development investments. N/A Notice by Bankers Trust New York Corporation, New York, New York, to acquire James D. Wolfensohn & Co., Inc., and thereby engage in investment and coporate finance and merger and acquisition advisory activities directly and through FujiWolfensohn, a joint venture with Fuji Bank, Ltd., Tokyo, Japan. N/A Dresdner Bank, Frankfurt, Germany, to engage through its subsidiary, Dresdner Bridge Investors, Inc., New York, New York, in making, acquiring and servicing loans and other extensions o f credit. N/A SECTION IV Applications Not Involving Public Comment None. SECTION V Availability of CRA Public Evaluations In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record o f 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 o f 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Week Ending June 8. 1996 NAME O F BANK RATING Orange County Outstanding Trust Company 75 North Street Middletown, New York 10940 1/ Subject to provisions of Community Reinvestment Act. 2/ Later o f dates specified in newspaper and Federal Register notices. 2/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available EXAM INATION D A TE November 6, 1995 FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY Madison Bank. Blue Bell, PA to establish a branch office at 600 West Lancaster Avenue, Wayne, PA, pursuant to Section 9 of the Federal Reserve Act. Newspaper comment period expires: 6/28/96 SECTION n - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION HI - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY CoreStates Financial Corn, Philadelphia, PA to issue alternate media such as concert tickets, gift certificates and prepaid phone cards, pursuant to Section 4(c)(8) of the Bank Holding Company Act. Federal Register comment period expires: 6/17/96 SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NONE 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 7, 1996. 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 o f 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record o f 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending June 8, 1996) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION i n - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) notification from Banc One Corporation, Columbus, Ohio; KeyCorp, Cleveland, Ohio; National City Corporation, Cleveland, Ohio; PNC Bank Coip, Pittsburgh, Pennsylvania; and CoreStates Financial Corp, Philadelphia, Pennsylvania, on May 1, 1996, to expand data processing services through Electronic Payment Services, Inc. Received Section 4(c)(8) notification from Star Banc Corporation, Cincinnati, Ohio, on May 30, 1996, of its intent to acquire a 50 percent equity interest in a de novo, not yet named subsidiary which will engage in permissible lesing activities pursuant to Section 225.25 (b)(5) of Regulation Y. June 7, 1996 June 21, 1996 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date of Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (June 7, 1996) 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 7, 1996. 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 low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IM PRO V E: 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON CO M PLIA N CE: 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 low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Notice of Change in Control filed by Myron H. Reinhart with respect to Regency Financial Shares, Inc., Richmond, Virginia.* Not yet available. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Re_gister Notice or Newspaper Notice Application None. Federal Reserve Bank of Richmond Section V - Availability of CRA Public Evaluations Week ending June 7, 1996 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 con sistent 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 None. Rating Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 7, 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Aliant Bank 06-28-96* Alexander City, Alabama To establish a branch located at 92 Euclid Avenue, Birmingham, Alabama. Compass Bank 05-22-96* Jacksonville, Florida To merge with Community First Bank, Jacksonville, Florida, pursuant to Section 18(c) of the Federal Deposit Insurance Act. Compass Bank 05-22-96* Jacksonville, Florida To acquire certain assets and assume certain liabilities of Community First Bank, Jacksonville, Florida, pursuant to Section 5(d)(3) of the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Corporation Improvement Act of 1991. Capital City Bank 07-05-96* Tallahassee, Florida To establish a branch located at the Publix Super Market #533, 6753 Thomasville Road, Tallahassee, Florida. Tri-City Bank & Trust Company Not yet available* Blountville, Tennessee To acquire the Johnson City and Kingsport Branches of the National Bank of Commerce, Memphis, Tennessee, pursuant to Section 18(c) of the Federal Deposit Insurance A c t . Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Compass Bancshares, Inc. Not yet available* Birmingham, Alabama Along with Compass Banks of Texas, Inc., Birmingham, Alabama, and Compass Bancorporation of Texas, Inc., Wilmington, Delaware, to acquire ProBank, The Woodlands, Texas, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Compass Bancshares, Inc. Not yet available* Birmingham, Alabama Along with Compass Banks of Texas, Inc., Birmingham, Alabama, and Compass Bancorporation of Texas, Inc., Wilmington, Delaware, to acquire Texas American Bank, San Antonio, Texas, pursuant to Section 3 (a) (3) of the Bank Holding Company Act. TIB Financial Corp. 06-10-96* Key Largo, Florida Federal Register 1-BHC formation, TIB Bank of the Keys, Key Largo, Florida. ABC Bancorp Not yet available* Moultrie, Georgia To merge with First National Financial Corporation, Albany, Georgia, and thereby directly acquire First National Bank of South Georgia, Albany, Georgia, pursuant to Section 3(a)(5) of the Bank Holding Company Act. Georgia National Bancorp, Inc. Not yet available* Athens, Georgia After-the-fact change in control notice by Mr. Claude Williams, Jr., to retain 10.92 percent of the outstanding shares of Georgia National Bancorp, Inc., Athens, Georgia. *Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 7, 1996 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date St. James Bancorporation Not yet available* Lutcher, Louisiana After-the-fact change in control notification by Mr. Edward F. Butler, Houston Fast Foods, Inc., Ms. Isabella L. Delahoussaye, Mr. Henry A. Smith, Jr., Magnolia Holdings, Inc., Ms. Valliere J. Dauterive, Mr. Raymond G. Willhoft, Sr. and Mr. Sidney D. Torres, III, to collectively retain 16.3 percent of the outstanding shares of St. James Bancorporation, Lutcher, Louisiana. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application American Banks of Florida, Inc. Jacksonvillle, Florida Commitment waiver request. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 1 . 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome 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. lank CRA Rating Merchants & Farmers Bank of Greene County Post Office Box 56S Eutaw, Alabama 35462 (205)372-3311 Satisfactory Examination Date 02-20-96 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 7, 1996 Recently Approved Applications Approval Date Barnett Banks, Inc. 06-07-96 Jacksonville, Florida Through its wholly-owned subsidiary, Barnett Community Development Corporation, Jacksonville, Florida, to engage de novo in community development activities, pursuant to Section 225.25(b) (6) of Regulation Y and 4(c) (8) of the Bank Holding Company Act. First Commerce Banks of Florida, Inc. 06-05-96 Winter Haven, Florida To acquire Prime Bank of Central Florida, Titusville, Florida, Section 3(a)(3) of the Bank Holding Company Act. pursuant to First Community Bank Holding Company 06-07-96 Orange City, Florida Notice for 1-BHC formation, First Community Bank, Orange City, Florida. Fort Brooke Bancorporation Brandon, Florida 1-BHC formation, Fort Brooke Bank, Brandon, Florida. 06-06-96 SunTrust Bank, Gulf Coast 06-06-96 Sarasota, Florida To establish a branch located at 5899 Whitfield Avenue, Suite 100, Florida. Sarasota, SunTrust Bank, North Central Florida 06-05-96 Ocala, Florida To establish a branch located at 5303 S.W. 91st Drive, Gainesville, Florida, to be known as the Haile Plantation Office. Brookwood Group, L.P. 06-07-96 Columbia, Tennessee 1-BHC formation, The Middle Tennessee Bank, Columbia, Tennessee. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Type Application Branch 1st Source Bank South Bend, Indiana Comment Period Ending Date NP - 6-7-96 139 South Front Street Dowagiac, Michigan Branch 1st Source Bank South Bend, Indiana 123 West Main Street Niles, Michigan NP - 6-7-96 Branch Bank of Lenawee Adrian, Michigan 160 E. Chicago Blvd. Tecumseh, Michigan NP - 6-16-96 NP - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time .Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application 3(a)(3) Carroll County Bancshares, Inc.* Carroll, Iowa Nevada Community Bancshares, Inc. Nevada, Iowa Community Bank (in organization) Nevada, Iowa FR - 6-4-96 NP - 5-25-96 3(a)(1) Nevada Community Bancshares, Inc.* Nevada, Iowa Community Bank (in organization) Nevada, Iowa FR - 6-4-96 NP - 5-25-96 3(a)(3) Prairieland Employee Stock Ownership Plan* Bushnell, Illinois Merchants State Bank Bushnell, Illinois Prairieland Bancorp, Inc. Farmers & Merchants State Bank Bushnell, Illinois FR - 6-7-96 NP - 6-7-96 3(a)(1) Brickyard Bancorp, Inc.* Chicago, Illinois Sysco Financial Inc. Lincolnwood, Illinois Brickyard Bank Lincolnwood, Illinois FR - 6-21-96 NP - 6-20-96 COC-HC A.M. Saylor, Incorporated Hampton, Iowa Roger Doughan FR - 4-26-96 NP - 6-5-96 COC-HC Blanchardville Financial Services, Inc. Blanchardville, Wisconsin Richard Roy Kundert FR - 6-11-96 _ ** 3(a)(1) Sparta Union Bancshares, Inc * Sparta, Wisconsin Union National Bank & Trust Company Sparta, Wisconsin FR - 6-21-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date 1m . Application 3(a)(3) UnionBancorp, Inc.* Streator, Illinois Country Bancshares, Inc. Macomb, Illinois Omni Bank Macomb, Illinois Prairie Bancorp, Inc. Princeton, Illinois Farmers State Bank of Ferris Ferris, Illinois Hanover State Bank Hanover, Illinois Bank of Ladd Ladd, Illinois First National Bank of Manlius Manlius, Illinois Tampico National Bank Tampico, Illinois Tiskilwa State Bank Tiskilwa, Illinois FR - 6-4-96 NP - 6-8-96 3(a)(3) First Financial Corporation* Terre Haute, Indiana Crawford Bancorp, Inc. Robinson, Illinois Crawford County State Bank Robinson, Illinois FR - 6-17-96 NP - 6-10-96 3(a)(1) Fortress Bancshares, Inc.* Cresco, Iowa Fortress Bank of Cresco Cresco, Illinois (in organization) FR - 6-17-96 NP . ** 3(a)(3) Alton Bancorporation* Alton, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(1) First State Associates, Inc.* Hawarden, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 3(a)(3) Old O ’Brien Bancshares, Inc.* Sutherland, Iowa Hawarden Banking Company Omaha, Nebraska First State Bank Hawarden, Iowa FR - 6-21-96 NP - 6-1-96 3(a)(3) Mercantile Bancorp, Inc.* Hammond, Indiana First Lansing Bancorp, Inc. Lansing, Illinois First National Bank of Illinois Lansing, Illinois FR - 5-10-96 NP - 6-10-96 COC-HC Madison Holding Company Winterset, Iowa Jean W. Lange FR - 6-5-96 NP - 6-18-96 3(a)(3) Vogel Bancshares, Inc.* Orange City, Iowa Ireton Bancotp Ireton, Iowa Security Savings Bank FR - 5-25-96 NP - 6-29-96 3(a)(3) Granville Bancshares, Incorporated* Granville, Illinois Sheridan State Bank Sheridan, Illinois FR - 6-10-96 NP - 6-2-96 3(a)(5) Goodenow Bancorporation, Inc.* Okoboji, Iowa Jackson Bancorporation, Inc. Fairmont, Wisconsin Bank Midwest, Minnesota, Iowa, N.A. Fairmont, Minnesota FR - 5-23-96 NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(1) Community Central Bank Corporation Mount Clemens, Michigan Community Central Bank Mount Clemens, Michigan (in organization) COC-HC Hasten Bancshares Indianapolis, Indiana Anna Ruth Hasten COC-HC Hasten Bancshares Indianapolis, Indiana Simona Hasten FR - 6-18-96 NP - ** COC-HC UnionBancorp, Inc. Streator, Illinois Wayne W. Whalen and Paula Wolff PR - ** NP - ** COC-HC UnionBancorp, Inc Streator, Illinois Dennis J. McDonnell and Kathleen A. McDonnell PR . ** NP - ** 3(a)(3) Hills Bancorporation Hills, Iowa Hills Bank Kalona Kalona, Iowa (in organization) FR - 7-8-96 NP - 6-22-96 3(a)(3) Landmark Financial Group, Inc. Belvidere, Illinois Alpine Bancorporation, Inc. Rockford, Illinois Alpine Bank of Illinois Rockford, Illinois FR - 7-8-96 NP - ** FR - 6-28-96 NP - 6-15-96 FR - 6-18-96 NP _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Im. Application 3(a)(3) North Shore Community Bancorp, Inc. Lake Forest, Illinois Lake Forest Bancorp, Inc. Lake Forest, Illinois Lake Forest Bank and Trust Company Lake Forest, Illinois Hinsdale Bancorp, Inc. Hinsdale, Illinois Hinsdale Bank and Trust Company Libertyville Bancorp, Inc. Libertyville, Illinois Liberty ville Bank and Trust Company Libertyville, Illinois Comment Period Ending Date FR - 7-8-96 NP - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Hinsbrook Bancshares, Inc. Willowbrook, Illinois Northern Illinois Financial Services, LLC Willowbrook, Illinois FR - 6-18-96 4(c)(8) Palos Bancshares, Inc. Palos Heights, Illinois Northern Illinois Financial Services, LLC Willowbrook, Illinois FR - 6-18-96 4(c)(8) Southwest Financial Group of Iowa, Inc. Red Oak, Iowa to engage de novo in making and servicing loans FR - 6-19-96 4(c)(8) FBOP Corporation Oak Park, Illinois Torrance Bank, SSB Torrance, California FR - 6-21-96 4(c)(8) North Shore Community Bancorp, Inc. Lake Forest, Illinois Crabtree Capital Corporation Schaumburg, Illinois FR - 7-8-96 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice lyge Application ROS Blanchardville Financial Services, Inc. Blanchareville, Wisconsin to redeem 211 shares of stock ROS Hawarden Banking Company Omaha, Nebraska to redeem 163.89 shares of its common stock ROS Shorebank Corporation Chicago, Illinois to redeem its series B l, B2, C & D Stock Federal Reserve Bank of Chicago Section V - 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 7, 1996. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratines 0 - 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 has a needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance 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 capabilies. BANK NAME/LOCATION EXAMINATION DATE RATINGS Linden State Bank 100 North Meridan Linden, Indiana 47955 (317) 339-4646 2/16/96 S NAB Bank 222 West Cermak Road Chicago, Illinois 60616-1997 (312) 225-5991 2/12/96 S St. Ansgar State Bank 237 West 4th Street St. Ansgar, Iowa 50472-1312 2/26/96 S Federal Reserve Bank of St. Louis FO R TH E W EEK ENDING Ju n e 7, 1996 SECTIO N I - APPLICATIONS SUBJECT TO N EW SPA PER N O TIC E Application E n d of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL R EG ISTER N O TIC E Application E nd of Comment Period Change in control notification involving Seligman Bancshares, Inc., Seligman, Missouri, by Charles L. Spangler. N/A * Section 3(a)(3) application by The Landrum Company, Columbia, Missouri, to acquire First Heritage National Bank, Ada, Oklahoma, a do novo bank. 7-8-96 SECTIO N H I - APPLICATIONS SUBJECT TO FEDERAL R EG ISTER NOTICE A pplication E n d of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FED ERA L R E G ISTER NOTICE OR NEWSPAPER NOTICE Application None.* * This application/notification subject to CRA. E n d of Comment Period FEDERAL RESERVE BANK O F ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification 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 o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record o f 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING June 7, 1996 Name of Bank None Bank Address Examination Date Examination Rating F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Independent Bancshares, Inc., Clarkfield, Minnesota, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Granite Holding Corporation, Granite Falls, Minnesota. * July 5, 1996 (Federal Register) Finlayson Bancshares, Inc., Finlayson, Minnesota, for prior approval to acquire 100% of the voting shares of the Wood Lake Bancorporation, Wood Lake, Minnesota. * July 5, 1996 (Federal Register) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Finlayson Bancshares, Inc., Finlayson, Minnesota, to engage in general insurance agency activities through the acquisition of Wood Lake Bancorporation, Wood Lake, Minnesota. July 5, 1996 Otto Bremer Foundation, St. Paul, Minnesota, and Bremer Financial Corporation, St. Paul, Minnesota, to engage de novo in making, acquiring, and servicing loans and leasing personal and real property. Not yet available Norwest Corporation, Minneapolis, Minnesota, to engage de novo in operating a real estate information service through Information Services of the Rocky Mountains LLC, Boulder, Colorado, a joint venture with Boulder Area Board of Realtors®, Inc. and Longmont Association of Realtors®, Inc. FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Kandi Banc Shares, Inc., New London, Minnesota, to redeem 5,271 shares (26.2%) of its common voting stock. Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending June 7,1996 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution’s CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING First Citizens Bank of Poison 213 First Street W. Poison, Montana 59860 (406)883-4358 February 5, 1996 Outstanding Federal Reserve Bank of Kansas City SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE First United Bank, Parker, Colorado, for prior approval to establish additional branch facilities in Elizabeth and Monument, Colorado. Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Joe D. And Melody A. Balentine, Raymore, Missouri, for prior approval to acquire an additional 3.3 percent, for a total of 25.6 percent, of the voting shares of Drexel Bancshares, Inc., Drexel, Missouri. June 24, 1996 First Fidelity Bancorp, Inc., Oklahoma City, Oklahoma, for prior approval to acquire 100 percent of the voting shares of Comban Shares, Inc., Oklahoma City, Oklahoma.* July 8, 1996 SECTIO N III - APPLICATIONS SUBJECT TO FEDERAL REG ISTER NO TICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Community First Bancorp, Inc., Cheyenne, Wyoming, for prior approval to engage de novo in lending activities. June 26, 1996 Commercial Guaranty Bancshares, Inc., Shawnee Mission, Kansas, for prior approval to engage de novo through it’s subsidiary, C.G. Capital Corporation, Overland Park, Kansas, in providing financial and investment advice, and in providing management consulting services to depository institutions. June 27, 1996 Federal Reserve Bank of Kansas City SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and 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 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. Bank/Location Exam Date CRA Public Date St. Marys State Bank P.O. Box 188 St. Marys, Kansas 66536-0188 03/04/96 06/03/96 CRA Rating. Satisfactory Federal Reserve Bank of Kansas City Union State Bank P.O. Box 560 Upton, Wyoming 82730-0560 03/04/96 06/04/96 Satisfactory Adams Bank & Trust P.O. Box 270 Ogallala, Nebraska 69153-0720 03/04/96 06/06/96 Outstanding *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 3, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 18(c) application received from Silsbee State Bank, Silsbee, TX, to acquire through a purchase and assumption transaction certain assets and liabilities of the Buna Branch of First Bank of Texas, Tomball, TX N/A ♦Section 9 application received from Silsbee State Bank, Silsbee, TX, to establish a branch at Main at Commerce, Buna, TX 77612 N/A SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Donald R. Grobowsky, Temple, TX, to acquire an interest in Central Community Corporation, Temple, TX (Previously reported during the week of 5-13-96) 96/06/21 Change in Control Notice by Stephen Elsmer Cone, Jr., Lubbock, TX, to acquire an interest in Sundown Bankshares, Inc., Sundown, TX (Previously reported during the week of 5-20-96) 96/06/19 ♦Section 3(a)(1) application by Oakwood Bancshares, Inc., Roanoke, TX, to acquire Oakwood Nevada Financial Corporation, Reno, NV, and Oakwood National Bank, Westlake, TX (de novo) (Previously reported during the week 5-27-96) 96/06/24 ♦Section 3(a)(1) application by Oakwood Nevada Financial Corporation, Reno, NV, to acquire Oakwood National Bank, Westlake, TX (de novo) (Previously reported during the week 5-27—96) 96/06/24 ♦Section 3(a)(1) application by Thera Holding Partners, Ltd., Houston, TX, to acquire Citizens Bankers, Inc., Baytown, TX; Citizens Bankers of Delaware, Inc., Wilmington, DE; Baytown State Bank, Baytown, TX; Citizens Bank & Trust Company, Baytown, TX; and Pasadena State Bank, Pasadena, TX (Previously reported during the week of 5-6-96) 96/06/08 ♦Section 3(a)(1) application by M.B. and I.M. Hampton Family Partnership, Ltd., Mt. Pleasant, TX, to acquire Morris County Bankshares, Incorporated, Naples, TX, and Morris County National Bank, Naples, TX N/A Change in Control Notice by Jefferson V.A. Haynes, Alpine, TX, to acquire an interest in First Alpine, Inc., Alpine, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None.* * 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 3. 1996 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 mariner 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 CRA Rating Texas State Bank 3900 N. 10th Street P. 0. Box 4797 McAllen, Texas 78502-4797 96/02/05 Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/07/96 Section I Applications Subject to Newspaper Notice Only A p p Iication Mid State Bancorp, Waterville, Washington, to become a bank holding company.by acquiring Mid State Bank, Waterville, Washington. * Newspaper: 5/28/96 Community Bank of Nevada, Las Vegas, Nevada, to establish a branch office at 2887 South Maryland Parkway, Las Vegas, Nevada. * Newspaper: 7/01/96 Section II - Applications Subject to Both Newspaper and Federal Reqister Notice Mutual Bancshares, Everett, Washington, to acquire Commercial Bank of Everett (In Organization), Everett, Washington. * Newspaper: 6/25/96 Fed. Rea.: Not available Refiled:. Andrew Rossi, et al, Manteca, California, to increase ownership up to 25.08 percent of Delta National Bancorp, Manteca, California. * Newspaper:. 6/07/96 Fed. Req.: 6/25/96 SC Acquisition Corp., Huntington Beach, California, to become a bank holding company by acquiring SDN Bancorp, Encinitas, California, and Commerce Security Bank, Sacramento, California.* Newspaper: 6/27/96 Fed. Req.: Not available Dartmouth Capital Group, Inc., and Dartmouth Capital Group, L.P., Encinitas, California, to acquire, through SC Acquisition Corp., Commerce Security Bank, Sacramento, California. * Newspaper: 6/27/96 Fed. Req.: Not available Refiled: Bruce Hammond Qvale and Miles Jeffrey Qvale, San Francisco, California, to each acquire an additional 9.38 percent of Marin National Bancorp, San Rafael, California. * Newspaper: Not available Fed. Req.: Not available Section III -Applications Subject to Federal Register Only West Coast Bancorp, Lake Oswego, Oregon, to form a trust company, West Coast Trust Company, Inc., Salem, Oregon. * Subject to CRA. Fed. Reg.: 6/25/96 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/07/96 Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice (Cont’d.l The Sumitomo Bank. Ltd., Osaka, Japan, to establish a branch office at 450 Lexington Avenue, New York, New York, through consolidation of existing loan production and administrative offices. Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None ♦Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to 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. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER