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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 2, 1997, No. 9 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending March 1, 1997 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Private mortgage insurance -- statement to the Senate Committee on Banking, Housing, and Urban Affairs on S. 318, the Homeowners Protection Act of 1997. Approved, February 26, 1997. SANK HOLDING COMPANIES Bank of Taiwan, Taipei, Taiwan -- to retain ownership of shares of First Commercial Bank, and to acquire more than 5 percent of FCB Taiwan California Bank, Alhambra, California. Approved, February 24, 1997. First Commercial Bank, Taipei, Taiwan -- to acquire FCB Taiwan California Bank, Alhambra, California. Approved, February 24, 1997. Marine Midland Bank, Buffalo, New York -- request for reconsideration of the Board's approval of the notice and applications to acquire First Federal Savings and Loan of Rochester, Rochester, New York. Denied, February 26, 1997. Union Planters Corporation, Memphis, Tennessee - - t o acquire First National Bank of Pontotoc, Pontotoc, Mississippi. Approved, February 24, 1997. BANKS, FQRmflH Land Bank of Taiwan, Taipei, Taiwan - - t o establish a branch in Los Angeles, California. Approved, February 24, 1997. REGULATIONS ANfi POLICIES Regulations D and I -- request for comment on proposed amendments to clarify the location of a bank for membership, reserve account, and related purposes under interstate banking (Docket R-0963). Approved, March 1, 1997. H .2 FEBRUARY 24, 1997 PAGE 2 TO FEBRUARY 28, 1997 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 Secretary AmSouth Bank of Alabama, Birmingham, Alabama - ' t o establish a branch at 1515 McFarland Boulevard, Tuscaloosa; and 6639 Highway 431 South, Huntsville, Alabama. Approved, February 27, 1997. Richmond Bank of Northern Virginia, Arlington, Virginia - - t o establish a branch at 200 Little Falls Road, Falls Church, Virginia. Approved, February 24, 1997. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish a branch at M&T Place, 255 East Avenue, Rochester, New York. Approved, February 24, 1997. St. Louis Teutopolis State Bank, Teutopolis, Illinois -- to establish a branch at 202 South Main Street, Sigel, Illinois. Approved, February 24, 1997. BANK HOLDING COMPANIES Director, BS&R Banco Union C.A., Caracas, Venezuela, and Consorcio Union S.A. -- request for relief from certain commitments made in connection with applications to acquire Union Chelsea National Bank, New York, New York, and for permission to deregister as bank holding companies. Granted, February 26, 1997. Minneapolis Bay Bancorp, Inc., Gladstone, Michigan -- to acquire Baybank. • Returned, February 26, 1997. Chicago Country Bancorporation, Crawfordville, Iowa -- to acquire Hiawatha Bank and Trust Company, Hiawatha, Iowa. Returned, February 27, 1997. H .2 FEBRUARY 2 4 , PAGE 3 1997 TO FEBRUARY 2 8 , 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Emerald Coast Bancshares, Inc., Panama City Beach, Florida - - t o acquire Emerald Coast Bank. Approved, February 25, 1997. Minneapolis Farmers State Financial Corp., Victor, Montana -- to organize Farmers State Bank, fab, Stevensville, Montana Permitted, February 28, 1997. Secretary FirstBank Holding Company of Colorado, Lakewood, Colorado - - t o acquire FirstBank of Evergreen, Evergreen, Colorado. Approved, February 27, 1997. Secretary National City Corporation, Cleveland, Ohio -- to acquire NTA, Inc., Federal Way, Washington, and engage in data processing and transmission services. Approved, February 26, 1997. St. Louis New London Bancshares, Inc., New London, Missouri -to acquire Behrens Bancshares, Inc., and Tasll County State Bank. Approved, February 25, 1997. Minneapolis Otto Bremer Foundation and Bremer Financial Corporation, St. Paul, Minnesota -- to acquire the Paul E. Hedlund Insurance Agency, Inc., Boyceville, Wisconsin. Approved, February 25, 1997. San Francisco Regency Bancorp, Fresno, California -- to acquire Regency Investment Advisors, Inc., and engage in investment advisory and fiduciary activities. Approved, February 25, 1997. Atlanta Regions Financial Corporation, Birmingham, Alabama -to merge with West Carroll Bancshares, Inc., Oak Grove, Louisiana, and acquire West Carroll National Bank of Oak Grove. Approved, February 26, 1997. H.2 FEBRUARY 24, 1997 PAGE 4 TO FEBRUARY 28, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Santa Barbara Bancorp, Santa Barbara, California to acquire First Valley Bank, Lompoc, California. Approved, February 26, 1997. New York Summit Bancorp, Princeton, New Jersey - - t o acquire 9.2 percent of NYCE Corporation, Woodcliff Lake, New Jersey. Approved, February 28, 1997. San Francisco Valley Community Bank, Encino, California -- to become a member of the Federal Reserve System. Returned, February 28, 1997. Chicago Vermillion Bancorp, Inc., Danville, Illinois -- to acquire American Savings Bank. Approved, February 27, 1997. Chicago Vermillion Bancorp, Inc., Danville, Illinois -- to engage de novo in lending to the Employee Stock Ownership Plan. Permitted, February 27, 1997. San Francisco Zions Bancorporation, Salt Lake City, Utah - - t o acquire Aspen Bancshares, Inc., Aspen, Colorado, and Pitkin County Bank & Trust Company, Aspen, Colorado, Valley National Bank of Cortez, Cortez, Colorado, and Centennial Savings Bank, F.S.B., Durango, Colorado. Approved, February 26, 1997. SANK mergers Secretary Manufacturers and Traders Trust Company, Buffalo, New York - - t o merge with The East New York Savings Bank, Brooklyn, New York. Approved, February 28, 1997. San Francisco Santa Barbara Bank & Trust, Santa Barbara, California - - t o merge with First Valley Bank, Lompoc, California. Approved, February 26, 1997. H.2 FEBRUARY 24, 1997 PAGE 5 TO FEBRUARY 28, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Atlanta Tri-City Bank & Trust Company, Blountville, Tennessee -- to acquire certain assets and assume certain liabilities of the Kingsport branch of Greene County Bank, Greenville, Tennessee, in the Wal-Mart Supercenter #599 at 3200 Fort Henry Driva. Approved, February 2*4, 1997. BANKS. STATE MEMBER Secretary Citizens Bank of Ardmore, Ardmore, Oklahoma -- to exercise fiduciary powers. Approved, February 28, 1997. CAPITAL STOCK Minneapolis Flathead Holding Company of Bigfork, Bigfork, Montana -- redemption of shares. Approved, February 25, 1997. CHANGE IN BANK CONTROL Minneapolis Flathead Holding Company of Bigfork, Bigfork, Montana -- change in bank control. Permitted, February 25, 1997. Chicago Gilman Investment Company, Montezuma, Iowa -- change in bank control. Permitted, February 26, 1997. COMPETITIVE FACTORS REPORTS Dallas American National Bank, Gonzales, Texas, proposed merger with Interim American Bank -- report on competitive factors. Submitted, February 25, 1997. Dallas American National Bank, Gonzales, Texas, proposed merger with a branch of Pacific Southwest Bank, FSB, Corpus Christi, Texas, at 121 South Magnolia Street, Luling, Texas -- report on competitive factors. Submitted, February 26, 1997. H.2 FEBRUARY 24, 1997 PAGE 6 TO FEBRUARY 28, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas American National Bank, Wichita Falls, Texas, proposed merger with New American National Bank -report on competitive factors. Submitted, February 28, 1997. Richmond Atlanta Internet Bank, Columbus, South Carolina (currently known as Premier Bank, FSB, Acworth, Georgia), proposed acquisition of the assets and assumption of the liabilities of the Internet division of Carolina First Bank, Greenville, South Carolina -- report on competitive factors. Submitted, February 26, 1997. Kansas City Bank of Oklahoma, N.A., Tulsa, Oklahoma, proposed merger with BancOklahoma Trust Company -- report on competitive factors. Submitted, February 27, 1997. Kansas City Colorado Community First National Bank, Fort Morgan, Colorado, proposed merger with Colorado Community First National Bank, Trinidad; Colorado Community First State Bank, Steamboat Springs; and Mountain Parks Bank, Denver, Colorado -- report on competitive factors. Submitted, February 25, 1997. Kansas City Commercial roposed Kinsley, Submitted, Kansas City First Southwest Bank, Frederick, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of The First Bank of Chattanooga, Chattanooga, Oklahoma -- report on competitive factors. Submitted, February 28, 1997. Federal Bank, F.S.B., Omaha, Nebraska, merger with Investors Federal Savings, Kansas -- report on competitive factors. February 27, 1997. H.2 FEBRUARY 24, 1997 PAGE 7 TO FEBRUARY 28, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS S t . Louis Nashville Bank of Commerce, Nashville, Tennessee, proposed purchase of certain assets and assumption of certain liabilities of the Lawrence and St. Joseph, branch of Boatmen's Bank of Tennessee, Memphis, Tennessee -- report on competitive factors. Submitted, February 24, 1997. Chicago Peoples Loan and Trust Bank, Winchester, Indiana, proposed acquisition of certain assets and assumption of certain liabilities of the Parker City, Indiana, branch of NBD Bank, National Association, Indianapolis, Indiana -- report on competitive factors. Submitted, February 27, 1997. EXTENSIONS OF TIME Chicago Anita Bancorporation, Newton, Iowa -- extension to May 20, 1997, to redeem shares of Rolling Hills Insurance Agency, L.C., Atlantic, Iowa. Granted, February 25, 1997. Boston Campello Bancorp, Brockton, Massachusetts -extension to engage in lending activities. Granted, February 28, 1997. Minneapolis Cattail Bancshares, Inc., Atwater, Minnesota -extension to May 27, 1997, to engage in lending activities. Granted, February 28, 1997. Chicago Comerica Bank, Detroit, Michigan -- extension to March 2, 3998, to establish a branch at 3518 Plainfield, NE, and 5270 Eastern Avenue, SE, both in Grand Rapids, Michigan. Granted, February 25, 1997. Kansas City FirstBank Holding Company of Colorado Employee Stock Ownership Plan, Lakewood, Colorado -- extension to May 15, 1997, to acquire FirstBank Holding Company of Colorado. Granted, February 24, 1997. H.2 FEBRUARY 24, 1997 PAGE 8 TO FEBRUARY 28, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME St. Louis Hometown Bancshares, Inc., New Albany, Indiana -extension to June 18, 1997, to acquire Hometown National Bank. Granted, February 24, 1997. Chicago New Asia Bancorp, Chicago, Illinois -- extension to June 7, 1997, to acquire NAB Bank. Granted, February 24, 1997. Minneapolis Norwest Corporation, Minneapolis, Minnesota, Norwest Financial Services, Inc., Des Moines, Iowa; and Norwest Financial, Inc. extension to May 23, 1997, to engage in the issuance and sale at retail of money orders. Granted, February 28, 1997. Dallas Paradigm Bancorporation, Inc., Houston, Texas -extension to May 8, 1997, to acquire Paradigm Delaware Bancorporation, Inc., Dover, Delaware, and Woodcreek Bank, Houston, Texas. Granted, February 24, 1997. Dallas Paradigm Delaware Bancorporation, Inc., Dover, Delaware -- extension to May 8, 1997, to acquire Woodcreek Bank, Houston, Texas. Granted, February 24, 1997. REGULATIONS AMP POLICIES Secretary Regulation Z -- revisions to the official staff commentary (Docket R-0942). Approved, February 28, 1997. H.2 FEBRUARY 2a, 1997 PAGE 9 ADDITIONS AND CORRECTIONS TO FEBRUARY 28, 1997 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Bank Holding Company Forms; Bank Holding Company Intercompany Transactions and Balances (FR Y-8) and Report of Intercompany Transactions for Foreign Banking and their U.S. Subsidiaries (FR Y-8f) -extension without revision. Proposed, January 30, 1997. INTERNATIONAL OPERATIONS J.P. Morgan & Co., Incorporated, New York, New York - to make in an investment in Consorcio Oe Alimentos Fabril Pacifico S.A., Lima, Peru. Permitted, February 21, 1997". ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco First Commerce Bank, Logan, Utah, proposed merger with Merger Corporation -- report on competitive factors. Submitted, February 21, 1997. EXTENSIONS OF TIME New York Summit Bank, Hackensack, New Jersey -- extension to June 6, 1997, to merge with The Bank of Mid-Jersey, Bordentown, New Jersey, and to establish branches. Granted, February 21, 1997. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Alliance Bancorp of New England, Inc., Vernon, Connecticut - 3 (a)(1) application to acquire 100% of the voting shares of Tolland Bank, Tolland, Connecticut* Newspaper Not Yet Established Federal Register 03-27-97 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE *Subject to CRA. **Rating Definitions: "O" - Outstanding; "S" - Satisfactory; "N" - Needs to Improve; "SN" - Substantial Noncompliance FEDERAL RESERVE BANK OF NEW YORK Comment Period Ending Date SECTION I A pplications Subject to Newspaper ______Notice Only______ None. SECTION II A pplications Subject to Both Newspaper and Federal R egister Notice None. SECTION III Nonbanking Applications (subject to Federal Register Notice Only ) None. SECTION IV A pplications Not Involving Public Comment None. SECTION V A vailability o f 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 dt ted community, including low- and moderate-income neiv..uorhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f 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 of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Week Ending March 1.1997 NAME OF BANK RATING EXAMINATION DATE Community Bank o f Bergen County 125 West Pleasant Avenue Maywood, New Jersey 07607 Satisfactory October 15, 1997 1/ Subject to provisions o f Community Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ 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 FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEW SPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEW SPAPER AND FEDERAL REGISTER NOTICE Patriot Bank Corp.. Pottstown, PA to become a bank holding company through the acquisition o f 100 percent o f the voting shares of Patriot Bank, Pottstown, PA, pursuant to Section 3(a)(1) o f the Bank Holding Company Act. Newspaper comment period expires: Federal Register comment period expires: 3/17/97 3/21/97 Harris Financial. Inc., and Harris Financial. MHC. Harrisburg, PA to acquire all o f the common stock o f Harris Savings Bank, Harrisburg, PA and Harris Financial Inc., respectively, pursuant to Sections 3(a)(1) and 3(a)(3) of the Bank Holding Company Act. (This is a corporate reorganization which w ill result in a multi-tier mutual holding company structure.) Newspaper comment period expires: Federal Register comment period expires: 3/31/97 3/27/97 SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY USA BancShares. Inc.. Philadelphia, PA to engage in brokerage activities through the acquisition o f The Knox Financial Service Group, Inc., pursuant to Section 4(c)(8) o f the Bank Holding Company Act and Section 225.25(b)(15) o f Regulation Y. Federal Register comment period expires: N/Avail Keystone Financial. Inc.. Harrisburg, PA to acquire two nonbank subsidiaries o f Financial Trust Corp, Carlisle, PA: Financial Trust Services Company, Carlisle, PA, which engages in providing trust services to banks, pursuant to Section 4(c)(8) o f the Bank Holding Company Act and Section 225.25(b)(3) o f Regulation Y and Financial Life Insurance Company, Phoenix, AZ, which engages in providing credit related life insurance, pursuant to Section 4(c)(8) o f the Bank Holding Company Act and Section 225.25(b)(8) o f Regulation Y. Federal Register comment period expires: 3/17/97 SEC TIO N IV - A PPLIC A TIO N S R EC EIV ED A N D N O T SU B JE C T T O FED ER A L R EG ISTER N O TIC E O R N EW SPA PER NONE FED ER A L R ESER V E BA N K O F PH ILA D ELPH IA SEC TIO N V - A V A ILA BILITY O F C RA PU BLIC E V A LU A TIO N S 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 February 28, 1997. Id en tification o f R atings In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following groups: O utstanding record o f m eeting com m unity credit n eeds. 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. S atisfactory record o f m eeting com m unity credit n eeds. 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. N eeds to im prove record o f m eeting com m unity credit n eed s. 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 noncom pliance in m eeting com m unity cred it n eed s. 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. Bank/Location Exam ination Date CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending M arch 1, 1997) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received notice from Banc One Corporation, Colum bus, O hio, on February 28, 1997, o f its intent to acquire First U SA , Inc., D allas, Texas, pursuant to Section 4(c)(8) o f the Bank Holding Company Act Received application from CB Bancorp, Inc., Higginsport, O hio, on February 21, 1997, to acquire The Citizens Bank, H igginsport, O hio, purusant to Section 3(a)(1) o f the Bank Holding Company A ct. *Not Y et Known # *F: March 24, 1997 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received notice from PNC Bank C orp., Pittsburgh, Pennsylvania, on February 28, 1997, o f its intent to establish PNC GPI, In c., as a de novo nonbank subsidiary that w ill serve as general partner to private investm ent lim ited partnerships pursuant to Section 4(c)(8) o f the Bank Holding Company Act. N ot Y et Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date o f Receipt A V A ILA BILITY O F C RA PU BLIC EV A LU A TIO N S (February 28, 1997) The follow ing state member banks have been exam ined by the Federal Reserve Bank o f Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended February 2 8 , 1997. If you are interested in obtaining a copy o f an evaluation docum ent, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. SA TISFA C TO R Y : a bank in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. N E E D S TO IM PR O V E: a bank in this group needs to im prove its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. SUBSTANTIAL N O N COM PLIANCE: a bank in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE Federal Reserve Bank of Richmond S e c tio n I - A p p lic a tio n s S u b ject t o Newspa p e r Hatififi.Only Ap g l i c aM pn CgmmPPt . P e r lQ .d EiLd i n g Date. The Bank o f e s ta b lish o f U. S. F loyd , Floyd , a branch a t the to in terse ctio n R o u t e 2 2 1 an d C o n n e r s G r o v e , W illis, V ir g in ia .* P e o p les Community Bank, V irg in ia , to in te rse ctio n 607 V irg in ia , 3 -30 -9 7 e s ta b lish M on tross, a branch a t o f R o u t e 3 an d S t a t e (Cool S p r in g s R o a d ), the R o u te F red e rick sb u rg , V ir g in ia .* 3 -2 5 -9 7 S e c tio n I I - A p p lic a tio n s S u b je ct t o Both Newspa p e r an d F e d e r a l R e g i s t e r N o t i c e N o tic e of C h a nge i n L o u is R. Bank, V irg in ia C o n tro l Jones w ith r e s p e c t Beach, S o uth ern N a t i o n a l N orth C a r o lin a , Bancshares file d by to Resource V irg in ia . C orp oratio n , 3 -18 -9 7** W in sto n -S a lem , t o m erge w i t h U n i t e d C a r o l i n a C orp oratio n , W h ite v ille , N orth C a r o lin a .* 3 -3 1-9 7** S ectio n A p p lic a tio n III - A p p lica tio n s S u b ject to F ed eral R e g is t e r N o tic e Comment P e r i o d E n d in g D a t e S e ctio n IV - A p p l i c a t i o n Not S u b j e c t Federal R e g is te r N o tice to o r N e w sp a p e r N o t i c e hpplicrtion None. ♦ A p p lica tio n is ♦ ♦ E x p ir a tio n o f su b je c t to CRA r e q u i r e m e n t s . comment p e r i o d a s sp e c ifie d S e c tio n V - A v a i l a b i l i t y of in the CRA P u b l i c E v a lu a tio n s Week e n d i n g F e b r u a r y 28, D e fin itio n r e c o r d o f m e e t i n g com m unity c r e d i t n e e d s . An i n s t i t u t i o n a sce rta in in g com m unity, S a tisfa c to ry its its g r o u p h a s an o u t s t a n d i n g r e c o r d o f , t o m eet t h e lo w - resources c r e d i t needs o f in th is lo w - needs o f its e n tire record o f d e lin e a te d d e lin e a te d a sce rta in in g an d co m m u n ity, i n a manner c o n s i s t e n t an d c a p a b i l i t i e s . im p r o v e r e c o r d o f m e e t i n g c o m m un ity c r e d i t n e e d s . An i n s t i t u t i o n ta in in g th is and h e l p i n g com m unity, in clu d in g c o n s is te n t w ith in its group needs t o m eet t h e lo w - to c re d it im prove i t s needs o f o ve ra ll its en tire record o f resources an d c a p a b i l i t i e s . ascer d e lin e a te d and m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in , i n a manner c o n needs. an d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , resources e n tire a le a d e r and c a p a b i l i t i e s . group has a s a t i s f a c t o r y c re d it its and i s an d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , r e c o r d o f m e e t i n g co m m unity c r e d i t t o m eet t h e in c lu d in g Needs t o th is an d h e l p i n g An i n s t i t u t i o n w ith in in clu d in g w ith h e lp in g 1997 o f R atin gs O u tstan d in g siste n t Federal R e g is te r . in a manner S u b s t a n t i a l n o n com p lian ce An i n s t i t u t i o n ta in in g in c lu d in g its in th is an d h e l p i n g low - resources i n m e e t i n g com m unity c r e d i t needs. group has a s u b s t a n t i a l l y d e f i c i e n t t o m eet t h e c r e d i t needs o f its and m o d e r a t e - i n c o m e n e i g h b o r h o o d s , en tire record o f ascer d e lin e a te d c o m m unity, i n a manner c o n s i s t e n t w ith an d c a p a b i l i t i e s . E xam in ation ____ Rat e ___ S te rlin g S u ite Bank & T r u s t 201, 111 B altim o re, C itiz e n s Co. W a te r S t r e e t M aryland 212 0 2 -10 4 6 Bank o f T a zew e ll, 643 E a s t R i v e r s i d e T a zew e ll, Eating V irgin ia 11-18 -9 6 S a tisfa c to r y 12 -2 -9 6 S a tisfa c to ry 12 -2 -9 6 S a tisfa c to ry 12 -3 -9 6 S a tisfa c to r y In c. D riv e 24651 Potom ac V a l l e y Bank 4 N o r t h M ain S t r e e t P etersb u rg, West V i r g i n i a 26847 Fa rm ers and M in e r s Bank 403 West Morgan A v e n u e P e n n i n g t o n Gap, V irg in ia 2 4 2 77-2 3 19 S ectio n V - A v a i l a b i l i t y of CRA P u b l i c E v a lu a tio n - - c o n td . E xam in ation ____ D S L tS ___ R atin g P a g e V a l l e y Bank 1 7 West M ain S t r e e t huray, V irg in ia 228 35-123012 12 -9 -9 6 S a tisfa c to r y Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending February 2 8 ,1 9 97 Section 1 - Applications Subject to Newspaper N otice Only Application Comment Period Ending Date AmSouth Bank o f Alabama Birmingham, Alabama To establish a branch located at 150 Ana D rive, Florence, Alabama. 03-28-97* AmSouth Bank o f Florida 02-20-97* Tampa, Florida To establish a branch located at 2405 Thomas D rive, Panama C ity, Florida. Am South Bank o f Florida 03-28-97* Tampa, Florida To establish a branch located at 10109 W est H illsborough A venue, Tampa, Florida. AmSouth Bank o f Florida 03-28-97* Tampa, Florida To establish a branch located at 6297 W est W aters A venue, Tampa, Florida. AubumBank 03-27-97* Auburn, Alabama To establish a branch located inside the W inn D ixie Supermarket at 1617 S. C ollege Street, Auburn, Alabama, to be known as the W inn D ixie Branch. Banco de Credito de Peru La M olina, Lima 12, Peru To establish an International A gency to be located in M iam i, Florida. N ot yet available* Section 2 - A pplications Subject to Both Newspaper and Federal R egister N otice Application Comment Period Ending Date Cumberland Bancorp, Inc. N ot yet available* Carthage, Tennessee To acquire 9 .2 percent o f the outstanding shares o f The Bank o f M ason, M ason, Tennessee, pursuant to Section 3(a)(3) o f the Bank H olding Company A ct. * Subject to the provisions of the Community Reinvestment Act. Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending February 28. 1997 Section 3 - Applications Subject to Federal R egister Only Application Comment Period Ending Date United Community Banks, Inc. N ot yet available B lairsville, G eorgia After-the-fact notice to retain United Fam ily Finance Company (form erly M ountain M ortgage & Loan, In c.), Blue R idge, G eorgia, and continue engaging in m aking, acquiring, or servicing loans or other extensions o f credit, pursuant to Section 2 2 5 .25(b)(1) o f Regulation Y and Section 4(c)(8) o f the Bank H olding Company A ct. Section 4 - Applications N ot Subject to Federal R egister N otice or Newspaper N otice Application N one. Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending February 28. 1997 Section 10 - A vailability o f CRA Public Evaluations The CRA public evaluations o f the insured depository institutions listed below becam e available during this w eek. Inform ation about an institution's CRA evaluation may be obtained directly from the institution. In connection w ith the assessm ent o f an institution's CRA perform ance, a rating is assigned from the follow ing groups: O utstanding record o f m eeting com m unity cred it needs: A n institution has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. Satisfactory record o f m eeting com m unity credit needs: An institution has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N eeds to im prove record o f m eeting com m unity cred it needs: A n institution needs to im prove its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. Su bstan tial noncom pliance in m eeting com m unity credit needs: A n institution has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. Sank C RA R atin g Fifth Third Bank o f Florida P. O. Box 413021 N aples, Florida 33941 (941) 261-1339 Satisfactory E xam ination D ate 10-28-96 Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending February 28. 1997 R ecently Approved Applications Approval Pate R egions Financial Corporation 02-26-97 Birmingham, Alabama To m erge with W est Carroll Bancshares, In c., Oak G rove, Louisiana, and thereby directly acquire its subsidiary, W est Carroll National Bank o f Oak G rove, Oak G rove, Louisiana, pursuant to Section 3(a)(5) o f the Bank H olding Company A ct. Emerald Coast Bancshares, Inc. Panama C ity, Florida 1-BHC form ation, Emerald Coast Bank, Panama C ity, Florida. 02-25-97 AmSouth Bank o f Alabama 02-27-97 Birmingham, Alabama To establish a branch office located at 1515 McFarland Boulevard, Tuscaloosa, Alabama. AmSouth Bank o f Alabama 02-27-97 Birmingham, Alabama To establish a branch office located at 6639 Highway 431 South, H untsville, Alabama. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper N otice Only Comment Period Ending Date Type Application 3(a)(1) Notice Community Bank Corp Park Ridge, Illinois Park Ridge Community Bank Park Ridge, Illinois NP - 3-8-97 Branch Comerica Bank Detroit, Michigan 50 Douglas Holland, M ichigan NP - 3-16-97 Branch Comerica Bank Detroit, Michigan 670 Highland Avenue M ilford, Michigan NP - 3-15-97 NP - Newspaper FR - Federal Register * - Subject to Provisions o f 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 ly p e Application COC-HC Antioch Holding Company Antioch, Illinois By Randolph S. M iles FR - 3-20-97 N P - 2-21-97 COC-HC Antioch Holding Company Antioch, Illinois By Cynthia M. Stout FR - 3-20-97 NP - 2-28-97 3(a)(1) AliKat Investments, Inc* Gurnee, Illinois NorthSide Community Bank Gurnee, Illinois FR - 3-3-97 NP - 2-28-97 3(a)(3) Blackhawk Bancorp, Inc.* Beloit, W isconsin Rochelle Bancorp, Inc. Rochelle, Illinois Rochelle Savings Bank, S.B. Rochelle, Illinois FR - 3-3-97 NP - 3-1-97 3(a)(1) Venderbilt Holding Company, Inc.* Fairfax, Iowa Fairfax State Savings Bank Fairfax, Iowa FR - 1-24-97 NP - 3-1-97 3(a)(1) The Connor Trust* M arshfield, W isconsin Pioneer Bancorp, Inc. Aubumdale, W isconsin Pioneer State Bank Aubumdale, W isconsin FR - 2-28-97 NP - 2-24-97 3(a)(2) Coal City Corporation* Chicago, Illinois U .S. Bancorp Lansing, Illinois U .S. Bank Lansing, Illinois FR - 3-21-97 NP - 3-22-97 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)(3) Manufacturers National Corporation* Chicago, Illinois U .S. Bancorp, Inc. Chicago, Illinois U .S. Bank Chicago, Illinois FR - 3-21-97 NP - 3-22-97 3(a)(1) Pioneer Bancorp, Inc.* Aubumdale, W isconsin Pioneer State Bank Aubumdale, W isconsin FR - 2-28-97 NP - 2-24-97 3(a)(1) First Equity Corp.* Skokie, Illinois 1st Equity Bank Skokie, Illinois (in organization) FR - 2-27-97 NP - 3-10-97 3(a)(3) Country Bancorporation* Crawfordsville, Indiana Hiawatha Bank and Trust Company Hiawatha, Iowa (in organization) PR . ** NP _ ** 3(a)(3) ABC Employee Stock Ownership Plan* Anchor, Illinois Anchor Bancorporation Inc. Farmer City, Illinois Anchor State Bank Anchor, Illinois PR . ** NP - ** 4(c)(8) Shoreline Financial Corporation Benton Harbor, Michigan SJS Bancorp, Inc. St. Joseph, Michigan SJS Federal Savings Bank St. Joseph, Michigan FR - 3-13-97 N P -* * Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice coat’d Comment Period Ending Date Type Application 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Service, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) ABN AMRO Bank, N .V . Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) ABN AMRO Holding N .V . Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) ABN AMRO North America, Inc. Chicago, Illinois Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Blackhawk Bancorp, Inc. Beloit, W isconsin Midland Acceptance Corporation Rochelle, Illinois FR - 3-3-97 4(c)(8) HPK Financial Corporation Chicago, Illinois Mortgage Service America, Inc. Lombard, Ilinois FR - 3-5-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan IFB Investment Services, Inc. Valparaiso, Indiana FR - 3-12-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan Infed Mortgage Company Valparaiso, Indiana FR - 3-12-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan Indiana Federal Corporation Valparaiso, Indiana Indiana Federal Bank Valparaiso, Indiana FR - 3-12-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan Forrest Holdings, Inc. L isle, Illinois FR - 3-12-97 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date Type Application 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 4(c)(8) Stichting Prioritiet ABN AMRO Holding Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 4(c)(8) ABN AMRO Bank N .V . Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 4(c)(8) ABN AMRO Holding, N .V . Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 Federal Reserve Bank o f Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice -Type Application ROS-HC FBOP Corporation Oak Park, Illinois To redeem $24 m illion o f outstanding preferred 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 o f 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 February 28, 1997. If you are interested in obtaining a copy o f the evaluation document, please contact the bank(s) directly. Identification o f Ratings O- An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f 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 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. NI - An institution in this group has a needs to improve its overall 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. SN - An institution in this group has a substantial noncompliance 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 capabilies. BANK NAMF/ LOCATION F&M Bank - Appleton 1935 East Calumet Street Appleton, W isconsin 54915-4711 (414) 739-3202 EXAMINATION DATE 10/28/96 RATINGS O Federal R eserve Bank o f St. Louis FOR THE WEEK ENDING FEBRUARY 28, 1997 SEC TIO N I - A PPLIC A TIO N S SUBJECT TO N EW SPA PER N O TIC E A p p lication E nd o f C om m ent P eriod * Section 9 application by Bank o f Bentonville, B entonville, Arkansas, to establish a branch at 406 South W alton Boulevard, Bentonville, Arkansas. 3-17-97 SEC TIO N II - A PPLIC A TIO N S SUBJECT TO BO TH N EW SPA PER A N D FED ER AL R EG ISTER N O TIC E A pp lication E nd o f C om m ent P eriod Change in control notification involving FSB Financial Corporation, Francisco, Indiana, by the B ose M cKinney & Evans Retirement Trust (R. J. M cConnell is a trustee and shares he owns jointly with Karla J. M cConnell are aggregated with this trust). Newspaper: 3-21-97 SEC TIO N III - A PPLIC A TIO N S SUBJECT TO FED ER A L R E G IST E R N O TIC E A pp lication E nd o f C om m ent Period Section 4(c)(8) notification by Illinois Community Bancorp, In c., Effingham , Illinois, to continue to engage in leasing by retaining its subsidiary, Illinois Leasing Corporation, In c., Effingham , Illin ois, follow ing the thrift holding com pany’s conversion into a bank holding company (previously reported during the w eek ending February 21, 1997). 3-24-97 SEC TIO N IV - A PPLIC A TIO N S NO T SUBJECT TO FED ER A L R EG ISTER N O TIC E O R N EW SPA PER N O TIC E A pplication E nd o f C om m ent Period Section 9 membership application by Arkansas State Bank, C larksville, Arkansas. N /A Section 9 membership application by C itizens First Bank, Arkadelphia, Arkansas.* N /A * This application/notification is subject to CRA. Section 9 membership application by C itizens First Bank, Fordyce, Arkansas. N /A Section 9 membership application by C itizens First Bank, El D orado, Arkansas. N /A Section 9 membership application by Clinton State Bank, C linton, Arkansas. N /A Section 9 membership application Benton State Bank, Benton, Arkansas. N /A F E D E R A L R E SE R V E B A N K O F S T . L O U IS FOR THE WEEK ENDING February 28, 1997 SEC TIO N V - A V A ILA BILITY O F C RA PU BLIC D ISC LO SU R ES Id en tification o f R atings; O u ts ta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. S a tis fa c to r y r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N e e d s to im p r o v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group needs to improve its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. S u b s ta n tia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. N am e o f B ank River V alley Bank & Trust B ank A ddress Lavaca, Arkansas E xam ination E xam ination D ate R ating 11/22/96 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to N e w s p a p e r Notice O n ly C o m m e n t Period Ending Date A pplication C o m m u n i t y B a n k - Missoula, Inc., Missoula, M o n t a n a to establish a branch in Missoula, Montana. February 28, 1997 * * Subject to C R A FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Ne w s p a p e r and Federal Register Notice C o m m e n t Period A pplication .. Endiog.Pate Carl Jones, Christopher Jones, and Janet Jones to M a r c h 18,1997 acquire control of 1 0 0 % of the general partnership (Federal Register) units of Harbourside, LP, Wayzata, Minnesota. FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice O n ly C o m m e n t Period A pplication Ending Date NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I V - Applications N o t Subject to Federal Register Notice or N e w s p a per Notice A pplication Malta Banquo, Inc., Malta, M o n t a n a to redeem 12.32% of its c o m m o n stock and 1 0 0 % of its preferred stock. FEDERAL RESERVE B A N K OF MINNEAPOLIS Section V - Availability of C R A Public Evaluations w e e k ending F e b r u a r y 28 ,1997 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's C R A performance, a rating is assigned from the following groups: O U T S T A N D I N G R E C O R D O F M E E T I N G C O M M U N I T Y CREDIT NEEDS. A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to me et the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a m a n n e r consistent with its resources and capabilities. SA TI SFACTORY R E C O R D O F M E E T I N G C O M M U N I T Y CREDIT NEEDS. A n institution in this group has a satisfactory record of ascertaining and helping to me et the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a m a n n e r consistent with its resources and capabilities. N E E D S T O I M P R O V E R E C O R D O F M E E T I N G C O M M U N I T Y CR EDIT NEEDS. A n 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 m a n n e r consistent with its resources and capabilities. S U B S T A N T I A L N O N C O M P L I A N C E IN M E E T I N G C O M M U N I T Y C R E D I T N E E D S . A n 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 m a n n e r consistent with its resources and capabilities. BANKtSI E X A M I N E D DATE OF EXAMINATION CRA RATING T h e State Savings B a n k N o v e m b e r 18, 1996 Satisfactory N o v e m b e r 18, 1996 Satisfactory ofManistique P.O. B o x 399 Manistique, M I 49854 Security B a n k Minnesota 43 7 Bridge A v e n u e P.O. B o x *91 Albert Lea, M N 56007 Belt Valley B a n k P.O. B o x 196 Belt, M T 59412-0196 N o v e m b e r 18,1996 Satisfactory K A N S A S C IT Y R E S E R V E B A N K A P P L IC A T IO N S A N D R E P O R T S R E C E IV E D During the w eek ending February 28, 1997 S E C T IO N I - A P P L IC A T IO N S S U B JE C T T O N E W S P A P E R N O T IC E O N L Y APPLICATION COMMENT PERIOD ENDING DATE N one. S E C T IO N II - A P P L IC A T IO N S S U B JE C T T O B O T H N E W S P A P E R A N D F E D E R A L R E G IS T E R N O T IC E APPLICATION COMMENT PERIOD ENDING DATE Randall J. Hendricks, E lsie, Nebraska, and Warren Orr, North Platte, Nebraska, to each acquire an additional 26.9 2 percent, for a total o f 50 percent o f the voting shares o f E lsie, Inc., E lsie, Nebraska. March 14, 1997 Armstrong Financial C o., M inden, Nebraska, for prior approval to becom e a bank holding company through the acquisition o f 80.99 percent o f the voting shares o f Minden Exchange C o., M inden, Nebraska.* March 28, 1997 Commerce Bancshares, Inc., Kansas C ity, M issouri, and CBI Kansas, Inc., Kansas C ity, M issouri, for prior approval to acquire 100 percent o f the voting shares of, and thereby m erge with Shawnee Bank Shares, In c., Shawnee, K ansas.* March 28, 1997 S E C T IO N II I - A P P L IC A T IO N S S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O N L Y A P P L IC A T IO N C O M M E N T P E R IO D E N D I N G D A T E N one. S E C T IO N IV - A P P L IC A T IO N S N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O R N E W S P A P E R N O T IC E A P P L IC A T IO N N one. S E C T IO N V - A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S I d e n ti f i c a t io n o f R a t i n g s In connection w ith the assessm ent o f each insured depository institution's CRA perform ance, a rating is assigned from the follow ing groups: O u t s t a n d i n g r e c o r d o f m e e tin g c o m m u n ity c r e d i t n e e d s An institution in this group has an outstanding record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. S a t i s f a c t o r y r e c o r d o f m e e tin g c o m m u n ity c r e d i t n e e d s An institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N e e d s t o im p r o v e r e c o r d o f m e e tin g c o m m u n ity c r e d i t n e e d s An institution in this group needs to im prove its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including low - and moderateincom e neighborhoods, in a manner consistent w ith its resources and capabilities. S u b s ta n t ia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d i t n e e d s An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including low - and moderateincom e neighborhoods, in a manner consistent w ith its resources and capabilities. Bank/Location Exam Date CRA Public Date C itizens State Bank in Galena 215 East 7th Galena, Kansas 66739-1230 12/02/96 0 2/28/97 ♦Application is subject to CRA. CRA Ratine Satisfactory FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN A P P L IC A T IO N S AND N O T IF IC A T IO N S F I L E D D UR IN G T H E WEEK O F FEB R U A R Y 2 4 . 19 9 7 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY A P P L IC A T IO N M Q ILC £ _ fX P None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A P P L IC A T IO N * * N Q IK L E X R * S e c t i o n 3 ( a ) ( 3 ) a p p l i c a t i o n by Te xa s F in a n c i a l B a n c o r p o r a tio n . I n c . M in n e a p o lis , MN, t o a c q u ir e A u s t i n C o u n ty B a n k s h a re s , I n c . B e llv ille , TX; A u s t i n C o u n ty B a n k s h a r e s -D e la w a r e , I n c . W ilm in g to n , D E ; and A u s t i n C o u n ty S t a t e B a n k . B e l l v i l l e , T X N /A *S e c t io n 3 ( a ) ( 3 ) a p p l i c a t i o n by D e la w a re F in a n c i a l B a n c o r p o r a tio n , I n c . W ilm in g to n , D E , t o a c q u ir e A u s t i n C o u n ty B a n k s h a re s , I n c . B e llv ille , TX; A u s t i n C o u n ty B a n k s h a r e s -D e la w a r e , I n c . , W ilm in g to n , D E ; and A u s t i n C o u n ty S t a t e B a n k , B e l l v i l l e , TX N /A *S e c t i o n 3 ( a ) ( 3 ) a p p l i c a t i o n by Eden F in a n c i a l C o r p o r a t i o n , San A n g e lo . T X , t o a c q u ir e F i r s t S t a t e Bank o f R a n k in , R a n k in , T X N /A * S e c t io n 3 ( a ) ( 1 ) a p p l i c a t i o n by ANB B a n c s h a re s , I n c . , G o n z a le s , T X , t o a c q u ir e ANB Nevada G r o u p , I n c . . C a rso n C i t y , N V , and A m e ric a n N a tio n a l B a n k , G o n z a le s . T X ( P r e v i o u s l y r e p o r te d d u r in g t h e week o f 2 - 1 0 - 9 7 ) 9 7/0 3 /16 * S e c t i o n 3 ( a ) ( 1 ) a p p l i c a t i o n by ANB Nevada G r o u p . I n c . . C a rso n C i t y , N V , t o a c q u ir e A m e ric a n N a tio n a l Bank G o n z a le s , T X ( P r e v i o u s l y r e p o r te d d u r in g t h e week o f 2 - 1 0 - 9 7 ) 9 7 / 0 3 / 16 Change in C o n tr o l N o t i c e b y D eborah Y o w e ll F a r l e y , e t a l , t o a c q u ir e an i n t e r e s t i n T e x a s S t a t e B a n c s h a re s , I n c . , H a rk e r H e ig h ts , TX N /A Change i n C o n tr o l N o t i c e b y M. D a le M c G i l l , H o u s to n , T X , e t a l , t o a c q u ir e an i n t e r e s t i n Fa rm e rs and M e rch a n ts B a n c s h a re s , I n c . , M a r t , T X N /A Change in C o n tr o l N o t i c e by C e c il R . Sim m ons, t r u s t e e , San B e n i t o , T X , t o a c q u ir e an i n t e r e s t i n F i r s t San B e n ito B a n c s h a re s , I n c . , San B e n i t o , T X ( P r e v i o u s l y r e p o r te d d u r in g t h e week o f 2 - 1 0 - 9 7 ) 9 7/0 3 /10 S E C T IO N I I I - A P P L IC A T IO N S S U B JE C T T O F E D E R A L R E G IS T E R NOTICE ONLY A P P L IC A T IO N NOTICE EXP None. S E C T IO N I V - A P P L IC A T IO N S NO T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E OR NEW SPAPER N O T IC E A P P L IC A T IO N None. * S U B JE C T T O C R A . * * E X P IR A T IO N D ATE IS T H E D A T E S P E C I F I E D IN T H E NEW SPAPER N O T IC E O N L Y . N /A - NOT A V A IL A B L E A T T H I S T I M E . S E C T IO N V - A V A I L A B I L I T Y O F CRA P U B LIC E V A LU A T IO N S FO R T H E W EEK O F FEB R U A R Y 2 4 . 19 9 7 O u ts ta n d in g re c o rd o f m e e tin g com m unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g ro u p has an o u ts ta n d in g r e c o r d o f , and i s a le a d e r i n , a s c e r t a in in g and h e lp in g t o m eet th e c r e d i t needs o f i t s e n t i r e d e lin e a te d com m u n ity, in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s , in a manner c o n s is t e n t w it h i t s r e s o u rc e s and c a p a b ilitie s . S a t i s f a c t o r y re c o rd o f m e e tin g com m unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g ro u p has a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e d e lin e a t e d c o m m u n ity, i n c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a manner c o n s is t e n t w i t h i t s re s o u rc e s and c a p a b i l i t i e s . Needs t o Im p ro ve re c o rd o f m e e tin g com m unity c r e d i t n e e d s . An i n s t i t u t i o n in t h i s g ro u p need t o im p ro ve i t s o v e r a l l r e c o rd o f a s c e r t a in in g and h e lp in g t o meet t h e c r e d i t needs o f i t s e n t i r e d e lin e a te d com m un ity, in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s , i n a manner c o n s is t e n t w i t h i t s re s o u rc e s and c a p a b i l i t i e s . S u b s t a n t i a l N o ncom plia nce i n m e e tin g com m unity c r e d i t n e e d s . An i n s t i t u t i o n in t h i s g ro u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o rd o f a s c e r t a in in g and h e lp in g t o meet t h e c r e d i t needs o f i t s e n t i r e d e lin e a t e d com m un ity, in c lu d in g lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s , i n a manner c o n s is t e n t w i t h i t s re s o u rc e s and c a p a b i l i t i e s . Date of Bank None. E x a m in a tio n CRA R a tin g FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 2/28/97 S e c tio n I - A p p l i c a t i o n s S u b je c t t o New spaper N o t i c e O n l D a te Application Comment P e rio d En din g Date None Sectfon.JL.7. Appl i cations .Subject,, to Both New spaper and F e d e r a l R e g is t e r N o ti c e U .S . B a n c o rp , P o r t l a n d , O r e g o n , t o a c q u ir e B u s in e s s & P r o f e s s io n a l B a n k , W o o d la n d , C a lifo r n ia . * N e w spa p er: 2/2 8 /9 7 Fed. Beg.: 3 /0 3 / 9 7 Eggem eyer A d v i s o r y C o r p o r a t i o n . C a s t le C re e k a v a ila b le P a r tn e r s Fun d L L P , and C a s t le C re e k C a p it a l L L C , a l l o f San D ie g o , C a l i f o r n i a , t o a c q u ir e a t l e a s t 1 4 .9 p e r c e n t o f Rancho S a n ta F e N a t io n a l B a n k , Rancho S a n ta F e , C a l i f o r n i a , and a t l e a s t 1 4 .9 p e r c e n t o f F i r s t Com m unity Bank o f t h e D e s e r t , Yucca V a l l e y , C a l i f o r n i a . * Newspaper: Not F e d . R e a .: 3 /2 4/9 7 S e c tio n I I I None - A p p l i c a t io n s S u b je c t t o F e d e r a l R e g is t e r O n ly S e c tio n I V - A p p l i c a t i o n s N o t S u b je c t t o F e d e r a l R e g is t e r N o t i c e o r New spaper N o t i c e None * S u b je c t t o C R A . FEDERAL RESERVE BANK OF SAN FRANCISCO Week e n d in g 2 / 2 8 / 9 7 S e c tio n V - A v a i l a b i l i t y o f CRA P u b l ic E v a l u a t i o n s T h e CRA p u b l i c e v a lu a t io n s o f t h e i n s t i t u t i o n ( s ) b e lo w became a v a i l a b l e d u r in g t h i s w e e k . In fo r m a tio n a b o u t a p a r t i c u l a r i n s t i t u t i o n 's CRA e v a l u a t i o n may be o b ta in e d d i r e c t l y fro m th e i n s t i t u t i o n . I n s titu tio n M ille n n iu m Bank L o c a t io n E x a m in a tio n D a te 180 Sansome S t r e e t 10 / 2 1/9 6 P .0 . Box 19 4 2 4 7 San F r a n c i s c o , CA 9 4 1 0 4 -4 2 4 7 *U n d e r th e r a t i n g s yste m an i n s t i t u t i o n ’ s CRA p e rfo rm a n c e i s fo llo w in g fo u r r a tin g s : R a t in g * S a tis fa c to ry a s s ig n e d one o f t h e O u ts ta n d in g r e c o r d o f m e e tin g com m unity c r e d i t n e e d s : An i n s t i t u t i o n h a s an o u ts ta n d in g re c o rd o f , and i s a le a d e r i n , a s c e r ta in in g and h e lp in g t o m eet t h e c r e d i t needs o f i t s e n t i r e d e lin e a t e d c o m m u n ity, i n c l u d i n g lo w - and m o d e ra te -in c o m e n e ig h b o rh o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u rc e s and c a p a b i l i t i e s . S a t i s f a c t o r y r e c o r d 6 f m e e tin g com m unity c r e d i t n e e d s : An i n s t i t u t i o n has a s a t i s f a c t o r y r e c o rd o f a s c e r t a i n i n g and m e e tin g t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d c o m m u n ity, i n c l u d i n g lo w - and m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a m anner c o n s i s t e n t w it h i t s re s o u rc e s and c a p a b i l i t i e s . Ne eds t o Im p ro v e r e c o r d o f m e e tin g com m unity c r e d i t n e e d s : An i n s t i t u t i o n needs t o im prove i t s o v e r a ll re c o rd o f a s c e r ta in in g and h e lp in g t o m eet t h e c r e d i t needs o f i t s e n t i r e d e lin e a t e d c o m m u n ity, i n c l u d i n g lo w - t o m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a m anner c o n s i s t e n t w i t h i t s re s o u rc e s and c a p a b i l i t i e s . S u b s t a n t i a l N o n c o m p lia n c e i n m e e tin g com m unity c r e d i t n e e d s : An i n s t i t u t i o n has a s u b s t a n t i a l l y d e f i c i e n t re c o rd o f a s c e r ta in in g and h e lp in g t o m eet t h e c r e d i t needs o f i t s e n t i r e d e lin e a t e d c o m m u n ity, i n c l u d i n g lo w - t o m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a m anner c o n s i s t e n t w i t h i t s re s o u rc e s and c a p a b i l i t i e s . Th e a b o ve l i s t i n g has been p re p a re d as a c o u r te s y b y t h e F e d e r a l R e s e rv e Bank o f San F r a n c i s c o , and i s n o t in te n d e d t o r e p la c e fo rm a l n o t ic e s r e q u ir e d b y s t a t u t e o r r e g u l a t i o n : t h e R e s e rv e Bank assumes no r e s p o n s i b i l i t y f o r e r r o r s o r o m is s io n s .
@FedFRASER