The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT H. 2, 1994, No. 11 of t h e Board, its Staff, and u %qa the F e d e r a l R e s e r v e Banks; q ftv\ ^ p l i c a t i o n s a n d R e p o r t s R e c e i v e d D u r i n < g ^ h e W e e k E n d i n g M a r c h 12, 1994 r t s u w s ^ .A c t i o n s B O A R D OF G O V E R N O R S O F Trnr, HE ,\ ur t F E D E R A L R E S E R V E SYSTElfc^ H F£0£0F 0 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Bank sales of mutual funds -- statement by Governor LaWare before the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance of the House Committee on Banking, Finance and Urban Affairs, March 8, 1994. Published, March 7, 1994. ADVISORY COUNCILS Consumer Advisory Council -- appointment of John E. Taylor. Approved, March 9, 1994. BOARD OPERATIONS Government in the Sunshine Act -- annual report for 1993. Published, March 11, 1994. ENFORCEMENT First FSB Bancshares, Inc., Mount Calm, Texas -written agreement dated February 24, 1994, with the Federal Reserve Bank of Dallas. Announced, March 7, 1994. INTERNATIONAL OPERATIONS Chase Manhattan Bank, N.A., New York, New York --to establish a branch in Bombay, India. Permitted, March 9, 1994. Republic National Bank of New York, New York, and Saban S.A., Panama City, Panama --to invest through Safra Holdings S.A., Luxembourg City, Luxembourg, in Republic National Bank of New York S .A ., Luxembourg City. Permitted, March 11, 1994. H.2 MARCH 7, 1994 PAGE 2 TO MARCH 11, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Regulation Y -- revisions regarding tie-in prohibitions (Docket R-0832). Proposed, March 8, 1994. RESERVE BANK SERVICES Payment system risk policy -- extension of transition period for counseling depository institutions that exceed daylight overdraft net debit cap. Granted, March 9, 1994. 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 Alden State Bank, Alden, New York - -to establish a branch at 5802 Broadway, Town of Lancaster, New York. Approved, March 10, 1994. San Francisco Bank of «^erica Nevada, Las Vegas, Nevada --to establish an automatic teller machine facility in the new Vonfs grocery store at the corner of Pecos and WiMomill, Las Vegas, Nevada, oprovesi, March 10, 1994. H .2 MARCH 7, 1994 PAGE 3 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Atlanta Bank of Tampa Bay, Tampa, Florida -- to establish a branch at 380 North Indian Rocks Road, Belleair Bluffs, Florida. Approved, March 8, 1994. Chicago Bankers Trust Company, Des Moines, Iowa --to establish a branch at 100 East Euclid Avenue, Des Moines, Iowa. Approved, March 9, 1994. Richmond Chase Manhattan Bank of Maryland, Baltimore, Maryland --to establish an electronic funds transfer facility at 11011 McCormick Road, Hung Valley, Maryland. Approved, March 10, 1994. Dallas First State Bank, Granger, Texas - - t o establish a branch at 813 North Main Street, Taylor, Texas. Approved, March 8, 1994. Cleveland PremierBank & Trust, Elyria, Ohio - - t o establish a customer-bank communication terminal at 291-297 South Main Street, Oberlin, Ohio. Approved, March 11, 1994. Kansas City WestStar Bank, Bartlesville, Oklahoma --t o establish a branch at 3650 Price Road. Approved, March 7, 1994. BANK HOLDING COMPANIES St. Louis Adamsville Bancshares, inc., Adamsville, Tennessee -to acquire Lewis County Bank, Hohenwald, Tennessee. Approved, March 11, 1994. Kansas City Carbon County Holding Company, Englewood, Colorado -to engage in investment advisory activities. Withdrawn, March 8, 1994. Kansas City Citizens Bancorporation, Inc., Tulsa, Oklahoma -- to acquire Citizens Bank of Tulsa. Approved, March 11, 1994. H.2 MARCH 7, 1994 PAGE 4 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Excelsior Financial Services, Inc., Excelsior, Minnesota --to acquire First State Bank. Approved, March 7, 1994. Minneapolis Finlayson Bancshares, Inc., Finlayson, Minnesota -to acquire First Integrity Bancorporation, Inc., Staples, Minnesota. Approved, March 9, 1994. Cleveland First Bancorporation of Ohio, Akron, Ohio --to acquire Life Federal Savings Bank, Clearwater, Florida. Approved, March 11, 1994. Secretary First Banks, Inc., Clayton, Missouri -- to acquire certain assets and assume certain liabilities of Heartland Savings Bank, F.S.B., St. Louis, Missouri. Approved, March 11, 1994. Minneapolis First Integrity Bancorporation, Inc., Staples, Minnesota --to acquire Barrett Bancorporation, Inc., Barrett, Minnesota. Approved, March 9, 1994. Dallas First National Bank of Clovis Employee Stock Ownership Trust, Clovis, New Mexico --t o acquire National Bancshares, Inc., and First National Bank of Clovis. Approved, March 11, 1994. Dallas Heritage Bancshares, Inc., Dover, Delaware -- to acquire Heritage Bank, Wharton, Texas. Approved, March 9, 1994. Chicago Hoosier Hills Financial Corporation, Osgood, Indiana --to engage de novo in lending funds to the Hoosier Hills Financial Corporation Employee Stock Option Plan. Permitted, March 9, 1994. H.2 MARCH 7, 1999 PAGE 5 TO MARCH 11, 1999 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Boston Independent Bank Corporation, Rockland, Massachusetts -- proposal that Plymouth Federal Savings Association, Plymouth, Massachusetts, acquire Rockland Trust Company, Rockland, Massachusetts. Approved, March 11, 1994. St. Louis Independent South Bancshares, Inc., Employee Stock Ownership Trust, Brownsville, Tennessee -- to acquire Independent Southern Bancshares, Inc. Approved, March 10, 1994. Secretary Liberty National Bancorp, Inc., Louisville, Kentucky -- to acquire Liberty National Bank and Trust Company of Western Kentucky, Hopkinsville, Kentucky. Approved, March 8, 1994. Chicago Omnibank Corporation, River Rouge, Michigan -- to acquire Indecorp, Inc., Chicago, Illinois, Independence Bank of Chicago; Drexel Holding Co.; and Drexel National Bank. Returned, March 11, 1994. Chicago Orangeville Bancorp, Inc., Orangeville, Illinois -to acquire State Bank of Winslow, Winslow, Illinois. Approved, March 8, 1994. Dallas Security Shares, Inc., Abilene, Texas -- to engage in financially related data processing services through First Independent Computers, Inc. Approved, March 11, 1994. Dallas Southern Bancshares, Inc., Houston, Texas --to acquire First State Bank Brazoria, Brazoria, Texas. Approved, March 10, 1994. Kansas City Sunflower certain Pioneer Prairie Approved, Banks, Inc., Salina, Kansas -- to acquire assets and assume certain liabilities of Federal Savings and Loan Association, Village, Kansas. March 11, 1994. H.2 MARCH 7, 1994 PAGE 6 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Wabasha Holding Company, Inc., Wabasha, Minnesota -to engage de novo in the purchase of loans and/or lease pools collateralized with leases. Permitted, March 9, 1994. Atlanta 1st United Bancorp, Boca Raton, Florida -- to acquire Suburban Bank, Lake Worth, Florida. Approved, March 9, 1994. BANK MERGERS Richmond Fairfax Bank & Trust Company, Fairfax, Virginia -- to purchase certain assets and assume certain liabilities of Federal Savings Association of Virginia, Falls Church, Virginia, to establish one branch, and to engage in a conversion transaction. Approved, March 11, 1994. BANK PREMISES Chicago Bankers Trust Company, Des Moines, Iowa -- investment in bank premises. Approved, March 9, 1994. Kansas City First State Bank of Taos, Taos, New Mexico -investment in bank premises. Approved, March 10, 1994. BANKS. STATE MEMBER Director, BS&R Marine Midland Bank, New York, New York -- transfer agent registration. Approved, March 7, 1994. Chicago Tri-County Bank, Brown City, Michigan -- issuance of subordinated note. Returned, March 10, 1994. H.2 MARCH 7, 1994 PAGE 7 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Minneapolis Duke Financial Group, Inc., St. Paul, Minnesota redemption of shares. Approved, March 10, 1994. St. Louis PDR Bancshares, Inc., Prairie du Rocher, Illinois -redemption of shares. Approved, March 8, 1994. St. Louis State Bancshares, Inc., Springfield, Missouri -redemption of shares. Approved, March 10, 1994. CHANGE IN BANK CONTROL Philadelphia B.M.J. Financial Corp., Bordentown, New Jersey -change in bank control. Permitted, March 7, 1994. Atlanta Commerce Corporation, St. Francisville, Louisiana -change in bank control. Permitted, March 11, 1994. Minneapolis Sargent Bankshares, Inc., Forman, North Dakota -change in bank control. Permitted, March 8, 1994. Chicago Veedersburg Bank Corp., Veedersburg, Indiana -change in bank control. Returned, March 10, 1994. COMPETITIVE FACTORS REPORTS Boston Co-operative Bank of Concord, Concord, Massachusetts proposed merger with Depositors Trust Company, Lexington, Massachusetts -- report on competitive factors. Submitted, March 11, 1994. Atlanta Community Bzqik of Charlotte, Port Charlotte, Florida proposed merger with SouthTrust Bank of Southwest Florida, N.A., Fort Myers, Florida -- report on competitive factors. Submitted, March 7, 1994. H.2 MARCH 7, 1994 PAGE 8 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Farmers and Merchants Bank of Hagerstown, Hagerstown, Maryland, proposed purchase of the assets and assumption of the liabilities of six branches of Hie First National Bank of Maryland, Baltimore, Maryland -- report on competitive factors. Submitted, March 11, 1994. Dallas Farmers Guaranty State Bank of Kennard, Kennard, Texas, proposed merger with Surety Bank, National Association, Lufkin, Texas -- report on competitive factors. Submitted, March 9, 1994. Atlanta First Federal Savings and Loan Association, Gadsden, Alabama, proposed acquisition of the Centre, Alabama, branch of Secor Bank, FSB, Birmingham, Alabama -- report on competitive factors. Submitted, March 7, 1994. Chicago First National Bank of Clifton, Clifton, Illinois, proposed merger with FNBC Interim National Bank -report on competitive factors. Submitted, March 11, 1994. Chicago First of America Bank-Southeast Michigan, National Association, Detroit, Michigan, proposed merger with First of America Bank-Security, Southgate, Michigan -- report on competitive factors. Submitted, March 11, 1994. Dallas First State Bank, Athens, Texas, proposed merger with Bank of Athens, National Association -- report on competitive factors. Submitted, March 7, 1994. St. Louis First State Bank, Greenville, Kentucky, proposed merger with Citizens Union Bank, Central City, Kentucky -- report on competitive factors. Submitted, March 9, 1994. H.2 MARCH 7, 1994 PAGE 9 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Firstar Bank Fond du Lac, Fond du Lac, Wisconsin, proposed purchase of certain assets and assumption of certain liabilities of the Horicon, Wisconsin, branch of Firstar Bank Milwaukee, National Association, Milwaukee, Wisconsin -- report on compet it ive factors. Submitted, March 11, 1994. Atlanta Fort Brooke Bank, Brandon, Florida, proposed merger with Merchant Bank of Florida -- report on competitive factors. Submitted, March 7, 1994. Atlanta Gibraltar Bank, FSB, Hialeah, Florida, proposed merger with Gibraltar Savings and Loan Association, Miami, Florida -- report on competitive factors. Submitted, March 7, 1994. St. Louis Mark Twain Bank, St. Louis, Missouri, proposed merger with Century Bank, Des Peres, Missouri -- report on compet it ive factors. Submitted, March 9, 1994. Dallas Mesquite National Bank, Mesquite, Texas, proposed merger with First Interstate Bank of Texas, N.A., Houston, Texas -- report on competitive factors. Submitted, March 11, 1994. Dallas New City Bank, Colorado City, Texas, proposed merger with City National Bank of Colorado City -- report on competitive factors. Submitted, March 9, 1994. Atlanta SouthTrust Bank of Southwest Florida, N.A. Fort Myers, Florida, proposed merger with Community Bank of Charlotte, Port Charlotte, Florida -- report on competitive factors. Submitted, March 7, 1994. Chicago State Bank of Winslow, Winslow, Illinois, proposed merger with SBW Interim Bank, Winslow, Illinois report on competitive factors. Submitted, March 8, 1994. H.2 MARCH 7, 1994 PAGE 10 TO MARCH 11, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Dallas A.N.B. Holding Company, Ltd., Terrell, Texas -extension to June 6, 1994, to acquire American National Bank of Terrell. Granted, March 8, 1994. Chicago Comerica Incorporated, Detroit, Michigan -- extension to May 9, 1994, to engage de novo in employee benefits consulting and training and placement services through Comericorp, Incorporated. Granted, March 10, 1994. St. Louis Union Planters Corporation, Memphis, Tennessee -extension to April 14, 1994, to acquire Clin-Ark Bankshares, Inc., Clinton, Arkansas. Granted, March 11, 1994. REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee -- availability to the public of transcripts of four meetings and two telephone conference calls held during the last half of 1988. Announced, March 9, 1994. H.2 MARCH 7, 1994 PAGE 11 ADDITIONS AND CORRECTIONS TO MARCH 11, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BOARD OPERATIONS Freedom of Information Act -- annual report for 1993. Published, March 1, 1994. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Cleveland Fifth Third Bank, Cincinnati, Ohio -- to establish customer-bank communication terminal facilities at 5701 Delhi Road and 3600 Terminal Drive, Vandalia, Ohio. Approved, March 4, 1994. COMPETITIVE FACTORS REPORTS San Francisco Bank of Hawaii, Honolulu, Hawaii, proposed purchase of one branch of Hawaii Financial Corporation (Hong Kong) Limited, Hong Kong -- report on competitive factors. Submitted, March 1, 1994. 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 Fleet Financial Group, Inc., Providence, Rhode Island - 3(a)(3)/3(a)(5) application to acquire Sterling Bancshares Corporation, Waltham, Massachusetts* Cambridgeport Mutual Holding Company, Cambridge, Massachusetts - 3 ( a ) (1)/ 3(a)(3) application to become a bank holding company through the acquisition of Cambridgeport Savings Bank, Cambridge, Massachusetts and 5.6% of Cambridge Bancorp, Cambridge, Massachusetts* Newspaper Federal Register Newspaper NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE NONE *Subject to CRA. 04-01-94 03-28-94 Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application 03-23-94 SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Ratine;** NONE **Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance "] Federal Reserve Bank o f New York Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only__________ Orange County Trust Co., Middletown, New York, to establish a branch at Route 208 and Hawkins Drive, Montgomery, New York.1/ 4/10/94 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Waterhouse Investor Services, Inc., New York, New York, ("WIS") to become a bank holding company by acquiring 100 percent of the shares of Waterhouse National Bank, White Plains, New York, a de novo bank; WIS also proposes to acquire Waterhouse Investor Services, Inc. and Waterhouse Discount Brokerage Corp., both of New York, and thereby engage in providing securities brokerage services restricted to buying and selling securities solely as agent for the account of customers. 4/4/94 4/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Chase Manhattan Corporation, New York, New York, ("CMC") to engage de novo through its wholly-owned subsidiary, Chase Securities, Inc., in underwriting and dealing in all types of equity securities (other than ownership interest in open-end investment companies); CMC also seeks modification of the limitation to permit CMC's banking subsidiaries and their broker-dealer subsidiaries to act as riskless principal or broker for customers in buying and selling bank-eligible securities in which Company underwrites and deals. N/A Creditanstalt-Bankverein, Vienna, Austria, to engage de novo through its subsidiary, Creditanstalt Corporate Finance, Inc., Westport, Connecticut, in acquiring or servicing loans or other extensions of credite, for its own account or for the account of others, such as would be made by a commercial finance company. N/A SECTION IV Applications Not Involving ______Public Comment______ Morgan Guaranty International Finance Corporation, New York, New York, to make an additional investment in J.P. Morgan Trust Bank, Ltd., Tokyo, Japan. Morgan Guaranty International Finance Corporation, New York, New York, to make an inital investment in J.P. Morgan Grupo Finan cier© S .A . de C. V., Mexico City, Mexico. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending March 12, 1994 NAME OF BANK 1/ 2/ 3/ 4/ RATING EXAMINATION DATE None. Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Wilmington Trust of Pennsylvania, West Chester, Pennsylvania (formerly Freedom Valley Bank) requests approval to acquire certain assets and assume liabilities of one branch of Wilmington Trust Company, Wilmington, Delaware, pursuant to Section 18(c) of the FDI Act. Newspaper Comment Period expires: 4/7/94 First Sterling Bank, Devon, Pennsylvania requests approval to establish a branch office to be located at 50 Monument Road, Bala Cynwyd, Pennsylvania, pursuant to Section 9 of the Federal Reserve Act. Expedited branch procedures. Newspaper Comment Period expires: 3/29/94 SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Meridian Bancorp, Inc., Reading, PA requests approval to acquire 100% of McGlinn Capital Management, Inc., Wyomissing, PA, pursuant to Section 4(c)(8) of the BHC Act. Fed. Reg. comment period expires: N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending March 11, 1994. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities• Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Orrstown Bank 3580 Orrstown Road -Box 60 Orrstown, PA 17244 Bank of Landisburg P.O. Box 179 Landisburg, PA 17040 Examination Date 11/15/93 10/25/93 CRA Rating Satisfactory Satisfactory Federal R e s e r v e B a n k of C l e v e l a n d Applications Bulletin For W e e k Ending M a r c h 12, 1994 S E C T I O N I - A P P L I C A T I O N S S U BJECT TO N E W S P A P E R N O T I C E ONLY None S E C T I O N II - A P P L I C A T I O N S S UBJECT TO BOT H N E W S P A P E R A N D FEDERAL R E G I S T E R N O T I C E Received Section 3 (a)(1) application from Harvest Home Financial Corporation, Cheviot, Ohio, on March 1, 1994, to acquire Harvest Home Savings Bank, Cheviot, Ohio. * Not Yet Known # Received Section 4 ( c ) (8) application from Mellon Bank Corporation, Pittsburgh, Pennsylvania, on January 3, 1994, to acquire Dreyfus Security Savings Bank, FSB, Paramus, New Jersey, and Dreyfus Trust Company, Uniondale, New York. * Not Yet Known # Received Cardinal on March Kentucky, Section 3 ( a ) (3) application from * N : April 6, 1994 Bancshares, Inc., Lexington, Kentucky, 8, 1994, to acquire CNB Bank of Louisville, Kentucky. S E C T I O N III - A P P L I C A T I O N S SUBJECT TO F E DERAL R E G I S T E R N O TICE ONL Y Received Section 4 ( c ) (8) application from Mellon Bank Corporation, Pittsburgh, Pennsylvania, on February 7, 1994, to acquire The Truepenney Corporation, The Trotwood Corporation, The Trotwood Hunters Site A Corporation, The Trustwood Hunters Corporation, andDreyfus Realty Advisors, Inc., all located in New York, New York. * N F # - Not Yet Known # Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Applic a t i o n s Bulle t i n For W e e k E n d i n g M a r c h 12, 1994 S E C T I O N III - A P P L I C A T I O N S SUBJECT TO FE D E R A L REGIS T E R N O TICE ONLY Received Section 4 ( c ) (8) notification from Harvest Home Financial Corporation, Cheviot, Ohio, on March 1, 1994, of its intent to engage de vovo in lending activities pursuant to Section 225.25(b)(1) of Regulation Y. Not Yet Known # Received Section 4 ( c ) (8) notification from First Western Bancorp, Inc., New Castle, Pennsylvania, on March 1, 1994, of its intent to engage in making residential mortgage loans for its affiliates and others through a wholly-owned subsidiary, Residential Mortgage Company, pursuant to Section 225.25(b) (1) of Regulation Y. March 31, 1994 S E C T I O N IV - A P P L I C A T I O N S N O T SUBJECT TO F E D E R A L REGI S T E R NOTICE OR N E W S P A P E R NO T I C E Received request from The Oakwood Deposit Bank Company, Oakwood, Ohio, on March 11, 1994, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act.* * N. F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. A V A I L A B I L I T Y OF CRA PUBLIC E VALUATIONS (March 11, 1994) 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 March 11, 1994. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. S U B S T A N T I A L N O N COMPLIANCE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Security Dollar Bank 1 South Main Street Niles, Ohio 44446 (216) 544-2215 Rating: Satisfactory Exam Data: December 6, 1993 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Centura Bank, Rocky Mount, North Carolina, to establish an Electronic Funds Transfer Facility in the Wal-Mart at 5400 North Croatan Highway, Kitty Hawk, North Carolina.* 3-30-94 Centura Bank, Rocky Mount, North Carolina, to merge with Mid-South Bank and Trust Company, Sanford, North Carolina.* 3-31-94 Citizens Bank of Virginia, Arlington, Virginia, to establish a branch at 8150 Leesburg Pike, Vienna, Virginia.* 4-4-94 F & M Bank-Winchester, Winchester, Virginia, to establish an Electronic Funds Transfer Facility at the Winchester Medical Center, 1840 Amherst Street, Winchester, Virginia.* 4-8-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date BB&T Financial Corporation, Wilson, North Carolina, to acquire with L.S.B. Bancshares of South Carolina, Inc., Lexington, South Carolina.* 4-4-94 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA requirements. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending March 11, 1994 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Pace American Bank 112 East Hicks Street Lawrenceville, Virginia 23868 The Community Bank 200 North Sycamore Street Petersburg, Virginia 23804 Peoples Bank of Virginia 9970 Ironbridge Road Chesterfield, Virginia 23832 Bank of the Commonwealth 403 Boush Street Norfolk, Virginia 23510 Rating 12-20-93 Outstanding 12-20-93 Satisfactory 12-29-93 Satisfactory 12-30-93 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 11, 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Financial Corporation of Louisiana Not yet available* Crowley, Louisiana To acquire 8.25 percent of the outstanding shares of Progressive Bancorporation, Inc., Houma, Louisiana, pursuant to Section 3(a) (3) of the Bank Holding Company A c t . Financial Corporation of Louisiana Crowley, Louisiana 1-BHC formation, First National Bank of Crowley, Crowley, Louisiana. Not yet available* Bradley County Financial Corporation Cleveland, Tennessee Change in control notice by Robert Scott Taylor to acquire an additional 7.5 percent of the outstanding shares of Bradley County Financial Corporation, Cleveland, Tennessee. Total ownership will equal 25.9 percent. Not yet available* Citco Community Bancshares, Inc. Elizabethton, Tennessee 1-BHC formation, Citco Bancshares, Inc., and thereby acquire Citizens Bank, Elizabethton, Tennessee. Not yet available* *Subject to provisions of the Community Reinvestment. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 11, 1994 Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Prattville Financial Services Not yet available Corporation, Prattville, Alabama After-the-fact notice to retain its wholly-owned subsidiary, Key Investment Securities, Inc., Prattville, Alabama, which commenced engaging de novo in insurance agency and underwriting activities, pursuant to Section 225.25(b)(8) of Regulation Y, and providing securities brokerage services and related securities credit activities, pursuant to Section 225.25(b)(15) of Regulation Y. Financial Corporation of Louisiana Not yet available Crowley, Louisiana To engage de novo by making, acquiring, or servicing loans or other extensions of credit, pursuant to Section 225.25(b) (1) of Regulation Y and acting as principal, agent, or broker for insurance that is directly related to extensions of credit by applicant or its subsidiaries, and limited to assuring repayment of such extensions of credit in the event of the death, disability, or involuntary unemployment of the debtor, pursuant to Section 225.25(b) (8) (i) of Regulation Y. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Community Bank Capital Corporation Atlanta, Georgia Request for waiver of the application requirement of Section 3 (a) (1) of the Bank Holding Company Act for the proposal to acquire North Georgia National Bancshares, Inc., Woodstock, Georgia. Synovus Financial Corp. Columbus, Georgia Commitment waiver request. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 11, 1994 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: record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Outstanding 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. Satisfactory 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. Needs 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. Substantial noncompliance Examination Bank Admiralty Bank 4400 PGA Boulevard Suite 200 Palm Beach Gardens, FL (407)627-2799 Rating Needs to Improve 33410 Date 11-15-93 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch First Bank North Freeport, Illinois 3957 N. Mulford Road Rockford, Illinois* N - 3-17-94 Branch Old Kent Bank - Southwest Kalamazoo, Michigan 3510 West Centre Street Portage, Michigan* N - 3-20-94 Branch (Reg K) The First National Bank of Chicago Chicago, Illinois Establish a branch in Sydney, Australia* N - ** Membership Continental Bank, National Association Chicago, Illinois To become a member of the Federal Reserve System* N - ** Member shipj Cedar Valley State Bank St. Ansgar, Iowa To become a member of the Federal Reserve System* N - ** Merger/Branc'h Chemical Bank and Trust Company Midland, Mi chigan Edenville, Michigan branch of First of America Mid-Michigan, National Association, Bay City, Michigan 5 7 77 M-30, Tobacco Township Edenville, Michigan* N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date T yp e Application CoC-HC Independence Bancshares, Inc. FR - 3-17-94 Independence, Iowa N - 3-14-94 J. L. Blin; Baywater Properties; W. Crees; C. Fritz; V. Hoffman; W. Kuehn; G. Short; and H. Short CoC-HC First State Bancorporation FR - 3-17-94 Independence, Iowa NP - 3-14-94 J. L. Blin; Baywater Properties; W. Crees; C. Fritz; V. Hoffman; W. Kuehn; G. Short; and H. Short Y-2 Marquette National Corporation Chicago, Illinois Orland State Bank Orland Park, Illinois* FR - ** Y-2 Old Kent Financial Corporation Grand Rapi ds, Mi chigan Edgemark Financial Corporation Chicago, Illinois Edgemark Bank-Lombard Lombard, Illinois Edgemark Bank-Rosemont Rosemont, Illinois Edgewood Bank Countryside, Illinois First National Bank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois* FR - 2-25-94 N - 3-16-94 Y-2 Old Kent-Illinois, Inc. Elmhurst, Illinois Edgemark Financial Corporation Chicago, Illinois Edgemark Bank-Lombard Lombard, Illinois Edgemark Bank-Rosemont Rosemont, Illinois Edgewood Bank Countryside, Illinois First National Bank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois* FR - 2-25-94 N - 3-16-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Aooli cation COC-HC Withee Bank Shares, Inc. Withee, Wisconsin Walter E. Ollech ★★ FR N - 3-25-94 Y-2 First Michigan Bank Corporation Holland, Michigan Old State Bank Corporation Fremont, Michigan Old State Bank of Fremont Fremont, Michigan* FR - 3-7-94 N - 2-25-94 Y-2 Ida Grove Bancshares, Inc. Ida Grove, Iowa P.S.B. Ban corporation West Des Moines, Iowa Liberty Bank & Trust Odebolt, Iowa* FR - 3-18-94 N - 4-2-94 Y-2 LSBancorp, Inc. LaSalle, Illinois Community Bank of Utica Utica, Illinois* FR - 3-18-94 N - 3-3-94 y-i Hancock Bancorp, Inc. Plymouth, Illinois Community State Bank of Plymouth Plymouth, Illinois* FR - 3-18-94 N Y-l northwest Indiana Bancorp Munster, Indiana Peoples Bank SB Munster, Indiana* FR - 3-18-94 N - 3-7-94 Y-2 (100%) First Chicago Corporation Chicago, Illinois Lake Shore Bancorp, Inc. Chicago, Illinois Bank of Hinsdale Hinsdale, Illinois Lake Shore National Bank Chicago, Illinois* FR - 4-4-94 N _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 (16. 6*) First Chicago Corporation Chicago, Illinois Lake Shore Bancorp, Inc. Chicago, Illinois Bank of Hinsdale Hinsdale, Illinois Lake Shore National Bank Chicago, Illinois* FR - 4-4-94 N - *★ CoC-HC Veedersburg Bank Corp. Veedersburg, Indiana Stephen A. Songer FR - 3-31-94 N _ ★* Y-2 First Chicago Corporation Chicago, Illinois Hampton Park Corporation Romeoville, Illinois Oxford Bank Romeoville, Illinois* FR - 4-4-94 N - 3-30-94 CoC-HC Blanchardville Financial Services, Inc. Blanchardville, Wisconsin Frederick F. Reinhardt FR _ * * N _ ★* y-i First Ozaukee Capital Corp. Cedarburg, Wisconsin First Ozaukee Savings Bank Cedarburg, Wisconsin* FR _ * * N _ *★ CoC-HC Illinois Valley Bancorp, Inc. Morris, Illinois Ronald L. Wohlwend, Ronald L. Wohlwend, Trustee, Jack Lewis Trust UTA DTD, Catherine Lewis Trust UTA DTA FR - 2-1-94 N _ ★★ Y-l Antioch Bancshares, Inc. Employee Savings and Stock Ownership Antioch, Illinois Antioch Bancshares, Inc. Antioch, Illinois* FR - 2-11-94 N - 3-15-94 Y-2 TSB Financial, Inc. Tremont, Illinois Tremont Savings Bank Tremont, Illinois* ★★ FR N - *★ Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period E n d i n g Date Type Application 4 (c) (8) AmBank Company, Inc. FR - 3-14-54 Sioux Center, Iowa Perform real estate appraisal services thru Northwest Appraisal Services Sioux Center, Iowa 4 (c) (8) Hoosier Mils Financial Corporation Osgood, Indiana Engage in lending activities via the lending of funds to ESOP FR - 4 (c) (8) Cleveland Development Bancorporation Chicago, Illinois CDB Development Co. Chicago, Illinois FR - ** 4 (c) (8) Cleveland Development Bancorporation Chicago, Illinois Cleveland Enterprises Group Chicago, Illinois FR - ** 4 (c) (8) Shorehank Bancorporation Chicago, Illinois CDB Development Co. Chicago, Illinois FR - ** 4 (c) (8) Shorehank Bancorporation Chicago, Illinois Cleveland Enterprises Group Chicago, Illinois FR - ** 4 (C) (8) First Midwest Corporation of Delaware Elmwood Park, Illinois Midwest Trust Services, Inc. Elmwood Park, Illinois FR - 3-14-94 4 (c) (8) Quad City Holdings, Inc. Bettendorf, Iowa Engage in lending activity FR - 1-19-94 4 (c) (8) Old Kent Financial Corporation FR - 3-31-94 Grand Rapids, Michigan CDC--invest in low income housing projects 3-8-94 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only (Continued) Application Comment Period Ending Date Y-4 First Chicago Corporation Chicago, Illinois Section 20--First Chicago Capital Markets, Inc. Chicago, Illinois--engage de novo in the business of underwriting and dealing in debt securities FR - 3-14-94 Y-4 First Colonial Bankshares Corporation Chicago, Illinois First Colonial Investment Services Elmhurst, Illinois FR - ** 4 (c) (8) First Ozaukee Capital Corp. Cedarburg, Wisconsin Engage in making, acquiring or servicing loans FR - ** Y-4 Heartland Financial USA, Inc. Dubuque, Iowa Keokuk Bancshares, Inc. Keokuk, Iowa First Community Bank, A Federal Savings Bank Keokuk, Iowa FR - ** 4 (c) (8) Horizon Bancorp Michigan City, Indiana Horizon Insurance Group, Inc. Michigan City, Indiana--act as insurance agent or broker FR - ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS First State Bancorporation Independence, Iowa Redeem 13.56 percent to 81.91 percent of common stock RoS Independence Bancshares, Inc. Independence, Iowa Redeem 13.56 percent to 81.91 percent of common stock RoS Everly Bancorporation Everly, Iowa Purchase 363 shares of stock from John E. Goodenow and member of his family N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending March 11, 1994. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of 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 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 NAME/LOCATION None EXAMINATION DATE RATINGS Federal Reserve Bank of St. Louis FOR THE VEEK ENDING MARCH 11, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Change in Control notification involving Allegiant Bancorp, Inc., St. Louis, Missouri, by Marvin S. Wool. Newspaper: 3-25-94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application Section 24A application by River Valley Bank & Trust, Lavaca, Arkansas, for an investment in bank premises. End of Comment Period N/A FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f meeting community credit needs 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 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 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. 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 Name of Bank None Bank Address March 11, 1994 Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS 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 Tyson Corporation Minneapolis, MN To acquire through merger 100% of the voting shares of the Royalton Bancshares, Inc., Royalton, MN* Not yet available Mesaba Bancshares, Inc., Grand Rapids, MN To become a bank holding company through the acquisition of 80% of the voting shares of Mountain Iron First State Bank, Mountain Iron, MN; 100% of the voting shares of Calumet Investment Company, Grand Rapids, MN; and of 100% of the voting shares of American National Agency, Inc., Nashwauk, MN* 4-4-94 (Federal Register) Bert and Lyle Johnson To each acquire control of 50% of the voting shares of Citizens State Bancorporation, Petersburg, ND 3-31-94 (Federal Register) Citizens Development Company Billings, MT To acquire 100% of the voting shares of the Citizens State Bank of Hamilton, Hamilton, MT; 99.75% of the voting shares of the First National Bank of Lewiston, Lewiston, Mt; and 80% of the voting shares of the Western Bank of Chinook, N.A. , Chinook, MT* 4-8-94 (Federal Register) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending March 11, 1994 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meed 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 Belt Valley Bank P.0. Box 196 Belt, Montana 59412 (406) 277-3314 DATE OF EXAMINATION CRA RATING November 29, 1993 Satisfactory Federal Reserve Bank of Kansas City S E C T I O N 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 None. S ECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE O N L Y APPLICATION COMMENT PERIOD ENDING DATE No n e . S E C T I O N IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O T I C E OR NEWSPAPER NOTICE APPLICATION No n e . SE C T I O N V - AVAILABILITY OF CRA PUBLIC EVALUATIONS I d e n t ification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outs t a n d i n g record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. S a t i s f a c t o r y record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs Federal Reserve Bank of Kansas City 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. HiXam Date Bank/Location CRA Public Date CRA Rating The Farmers State Bank 11-29-93 P.O. Box 798 Fort Morgan, Colorado 80701-0798 03-03-94 Satisfactory 11-29-93 03-03-94 Outstanding The State Bank P.O. Box 539 Winfield, Kansas 67156-0539* *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 7, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Albert Furman, Glenview, IL; Robert Cook, Union Grove, WI; Robert Durham, Austin, TX; Howard Marvin, Palm Desert, CA; and Robert Wunsch, Austin, TX to acquire an interest in Hutto State Bank, Hutto, TX (Previously reported during the week of 1-17-94) 94/03/16 Change in Control Notice by James Robert Cole, Many, LA, to acquire an interest in Sabine Bancshares, Inc., Many, LA N/A ♦Section 3(a)(1) application by Abrams Centre Bancshares, Inc., Dallas, TX, to acquire Abrams Centre National Bank, Dallas, TX 94/03/26 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION 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 MARCH 7. 1994 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Date of Examination CRA Ratinq Bank of Houston P. 0. Box 8306 5115 Main Street Houston, TX 77002-9754 93/11/29 Outstanding FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/11/94 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Tehama County Bank, Red Bluff, California, to establish a branch office at 2025 Pillsbury Road, Chico, California. * Newspaper: Not yet published West One Bank, Idaho, N.A., Boise, Idaho, to establish a branch office at Albertson's supermarket, 10500 Overland Road, Boise, Idaho. * Newspaper: 4/04/94 The Sun City Bank, Sun City, Arizona, to merge with First National Bank of Arizona, Phoenix, Arizona. * Newspaper: Not available Section II - Applications Subject to Both Newspaper and Federal Register Notice Fai H. Chan, White Rock, B.C., Canada, to increase ownership up to 13.06 percent of American Pacific Bank, Aumsville, Oregon. * Newspaper: 3/31/94 Fed. Reg.: 3/31/94 NBT Northwest Bancorp, Tukwila, Washington, to become a bank holding company by acquiring National Bank of Tukwila, Tukwila, Washington. * Newspaper: Not available Fed. Reg.: 4/04/94 The Bank of Tokyo, Ltd., Tokyo, Japan, to acquire at Newspaper: least 45.2 percent of The Chicago-Tokyo Bank, Chicago, Illinois. * Fed. Reg.: 4/03/94 4/11/94 Section III - Applications Subject to Federal Register Notice Only BankAmerica Corporation, San Francisco, California, to engage in executing and clearing, and clearing without executing, futures on options on certain non-financial commodities, through BA Futures, Inc., Chicago, Illinois. Fed. Reg.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week Ending 3/11/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending March 11, 1994. 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 moderateincome neighborhoods, in a manner consistent with its resouces 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 moderateincome neighborhoods, in a manner consistent with its resouces and capabilities