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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,
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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