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ANNOUNCEMENT H.2, 1997, NO. 11 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending March 15, 1997 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Anteilsverwaltung-Zentralsparkasse, Vienna, Austria, and Bank Austria Aktiengesellschaft -- request for a temporary exemption under section 4(c)(9) of the Bank Holding Company Act to engage in certain nonbanking activities in the United States as a result of Bank Austria's proposed acquisition of Cred itanstalt-Bankverein. Granted, March 12, 1997. FORMS Application for Employment with the Board of Governors of the Federal Reserve System (FR 28) extension, with revision. Approved, March 10, 1997. Bank Holding Company Reporting Requirements (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-11Q, and FR Y-11I) -- revision without extension. Approved, March 13, 1997. Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q) extension, with revision. Approved, March 10, 1997. Weekly Report of Eurodollar Liabilities Held by Selected U.S. Addressees at Foreign Offices of U.S. Banks (FR 2050) -- extension, with revision. Approved, March 10, 1997. INTERNATIONAL OPERATIONS jCoreStates Bank, N.A., Philadelphia, Pennsylvania to establish a branch in Seoul, Korea. Permitted, March 13, 1997. REGULATIONS AND POLICIES Regulation 0 -- amendment to implement recent amendments to the Federal Reserve Act concerning extensions of credit by a bank to an executive officer or director (Docket R-0940). Approved, March 11, 1997. Regulations H and K -- final interagency rule regarding government securities sales practices of depository institutions (Docket R-0921). Approved, March 11, 1997. H2 MARCH 10. 1997 PAGE 2 TO MARCH IS. 1997 ACTIONS TAKEN BY THE BOARO OF GOVERNORS ENFORCEMENT Aaerican Bank and Trust of Polk County, Laka Halos, Florida •• written agreement datad Juno 10, 1992, torainatod March 7, 1997. Announced, March 19, 1997. Bank of Now York, Now York, Now York •• order dated January 16, 1992, torainatod March S, 1997. Announcad, March 19, 1997. Central Bank of the South, Birainghaa, Alabaaa order dated January 16, 1992, torainatod March S, 1997. Announced, March 19, 1997. Crestar Bank, Richmond, Virginia •• order dated January 16, 1992, torainatod March 3, 1997. Announced, March 19, 1997. First Independence Bank of Florida, Fort Myers, Florida -- writtsn agrooaont dated May 1, 1992, torainatod February 25, 1997. Announced, March 19, 1997. Garfield Bank, Montebello, California ** written agrooaont dated April 26, 1999, torainatod March 5, 1997. Announced, March 1*1, 1997. Perry County Bancorp, Inc., Duquoin, Illinois, and DuQuoin State Bank -- written agrooaont dated April 12, 1993, torainatod February 7, 1997. Announced, March 19, 1997. Trust Coapany Bank, Atlanta, Georgia *- order dated January 16, 1992, torainatod March 19, 1997. Announced, March 19, 1997. H .2 MARCH 10, 1997 PAGE 3 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Richmond Atlantic Bank, Ocean City, Maryland -- to establish a branch in the Wal-Mart SuperCenter at 2122 Old Snow Hill Road, Pocomoke, Maryland. Approved, March 14, 1997. Kansas City Central Bank of Missouri, Sedalia, Missouri - - t o establish a branch in the Price Chopper grocery store at 701 East Broadway. Approved, March 11, 1997. Kansas City Community Bank & Trust Company, Neosho, Missouri -to establish a branch at 107 Market Street, Diamond, Missouri. Approved, March 14, 1997. Richmond F & M Bank-Massanutten, Harrisonburg, Virginia - - t o establish a branch in the Sunnyside Presbyterian Retirement Community at 430 Highlands Place. Approved, March 12, 1997. BANK HOLDING COMPANIES Boston Affiliated Community Bancorp, Inc., Waltham, Massachusetts - - t o acquire Middlesex Bank & Trust Co., Newton, Massachusetts. Approved, March 14, 1997. Atlanta Arrowhead Capital Corporation, West Palm Beach, Florida - - t o acquire Sunniland Bank, Fort Lauderdale, Florida. Approved, March 11, 1997. Chicago Blackhawk Bancorp, Inc., Beloit, Wisconsin -- to acquire Rochelle Bancorp, Inc., Rochelle, Illinois, and Rochelle Savings Bank, S.B. Approved, March 11, 1997. Chicago Community Bank Corp., Park Ridge, Illinois -- to acquire Park Ridge Community Bank. Approved, March 14, 1997. H.2 MARCH 10, 1997 PAGE TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Cumberland Bancorp, Inc., Carthage Tennessee -- to acquire First Federal Bancshares, Inc., Memphis, Tennessee, First Federal Bank, FSB, Memphis; and First Federal Bank, FSB, Nashville, Tennessee. Approved, March 14, 1997. Secretary Deposit Guaranty Corporation, Jackson, Mississippi determination that application is not required for internal reorganization of its banking subsidiaries. Granted, March 10, 1997. Richmond FCFT, Inc., Princeton, West Virginia -- to acquire Blue Ridge Bank, Sparta, North Carolina. Approved, March 12, 1997. Chicago HPK Financial Corporation, Chicago, Illinois - - t o acquire Mortgage Service America, Inc., Chicago, Illinois, and engage in mortgage banking activities. Permitted, March 12, 1997. Richmond NewSouth Bancorp, Inc., Washington, North Carolina to acquire NewSouth Bank. Approved, March 10, 1997. Philadelphia Sun Bancorp, Inc., Selinsgrove, Pennsylvania request for waiver of the application to acquire Bucktail Bank and Trust Company, Emporium, Pennsylvania. Granted, March 13, 1997. Minneapolis Trimont Bancorporation, Inc., Trimont, Minnesota to acquire Financial Services of Winger, Inc., W inger, M inne sota. Approved, March 11, 1997. Hew York U.S. Trust Corporation, New York, New York - - t o acquire U.S. Trust Bank of Connecticut, Inc., Greenw ich, Connect icut. Approved, March 10, 1997. H.2 MARCH 10, 1997 PAGE 5 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas West Texas State Bank, Snyder, Texas -- request for waiver of application to acquire The First National Bank of Rowena, Rowena, Texas. Granted, March 11, 1997. BANK MERGERS Richmond Blue Ridge Bank, Sparta, North Carolina - - t o merge with Blue Ridge Acquisition Bank, Inc. Approved, March 12, 1997. Kansas City Community Bank & Trust Company, Neosho, Missouri to merge with Diamond Bank, Diamond, Missouri. Approved, March 19, 1997. BANKS, STATE MEMBER Chicago Bloomingdale Bank and Trust, Bloomingdale, Illinois - to exercise full fiduciary trust powers. Approved, March 11, 1997. CAPITAL STOCK Dallas City State Bancshares, Inc., Palacios, Texas redemption of shares. Approved, March 19, 1997. CHANGE IN BANK CONTROL Dallas City State Bancshares, Inc., Palacios, Texas -change in bank control. Permitted, March 19, 1997. San Francisco First Hawaiian, Inc., Honolulu, Hawaii -- to engage in community development activities through its bank and nonbank subsidiaries. Permitted, March 13, 1997. Kansas City First National Bankshares of Beloit, Inc., Beloit, Kansas -- change in bank control. Permitted, March 19, 1997. H.2 MARCH 10, 1997 PAGE 6 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Intercontinental Bank Shares Corporation, San Antonio, Texas -- change in bank control. Permitted, March 10, 1997. Dallas Myers Bancshares, Inc., Dallas, Texas -- change in bank control. Permitted, March 14, 1997. Cleveland New Richmond Bancorporation, New Richmond, Ohio -change in bank control. Permitted, March 15, 1997. COMPETITIVE FACTORS REPORTS Kansas City Commerce Bank, N.A., Wichita, Kansas, proposed merger with Commerce Bank, N.A., Hayes, Kansas -- report on competitive factors. Submitted, March 11, 1997. Chicago Community State Bank, Akeny, Iowa, proposed merger with East Des Moines National Bank, Des Moines, Iowa -- report on competitive factors. Submitted, March 13, 1997. Chicago Edgar County Bank and Trust Company, Paris, Illinois, proposed merger with ECBT Interim Bank -- report on competitive factors. Submitted, March 13, 1997. San Francisco El Dorado Savings Bank, Placerville, California, proposed purchase of the assets and assumption of the liabilities of the Jackson branches of Placer Savings Bank, Auburn, California -- report on competitive factors. Submitted, March 12, 1997. Kansas City F&M Bank & Trust Company, Tulsa, Oklahoma, proposed merger with Farmers and Merchants Bank of Piedmont, Piedmont, Oklahoma -- report on competitive factors. Submitted, March 10, 1997. H. 2 MARCH 10, PAGE 7 1997 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta First National Bank of Pasco, Dade City, Florida, proposed merger with Pasco Interim Bank, N.A. * report on competitive factors. Submitted, March 10, 1997. Dallas First State Bank, Three Rivers, Texas, proposed merger with New Live Oak, Inc. -- report on competitive factors. Submitted, March 11, 1997. Dallas First State Bank of Rankin, Rankin, Texas, proposed merger with Eden Acquisition Corporation, San Angelo, Texas -- report on competitive factors. Approved, March 10, 1997. New York Greater New York Savings Bank, New York, New York, proposed merger with The Greater Interim Savings Bank -- report on competitive factors. Submitted, March 12, 1997. Philadelphia Harris Savings Bank, Harrisburg, Pennsylvania, proposed merger with Harris Interim Savings Bank report on competitive factors. Submitted, March 10, 1997. Chicago Hillsdale County National Bank, Hillsdale, Michigan, proposed purchase of certain assets and assumption of certain liabilities of Republic Bank, Ann Arbor, Michigan -- report on competitive factors. Submitted, March 12, 1997. Atlanta McDuffie Bank & Trust, Thomson, Georgia, proposed merger with Pinnacle Interim Corporation -- report on compet it ive factors. Submitted, March 10, 1997. Dallas Norwest Bank Texas, South Central, Victoria, Texas, proposed merger with Texas Bank, Odessa, Texas report on competitive factors. Submitted, March 12, 1997. H.2 MARCH 10, 1997 PAGE 8 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Pacific State Bank, Stockton, California, proposed acquisition of the assets and assumption of the liabilities of the Altaville, Arnold, Groveland, and Columbia, branches of Valliwide Bank, Fresno, California -- report on competitive factors. Submitted, March 10, 1997. Chicago Parkway Bank and Trust Company, Harwood Heights, Illinois, proposed merger with Parkway Bank, Carpentersville, Illinois -- report on competitive factors. Permitted, March 10, 1997. Atlanta SouthTrust Bank of Florida, N.A., St. Petersburg, Florida, proposed acquisition of the assets and assumption of the liabilities of Charter Bank, Delray Beach, Florida -- report on competitive factors. Submitted, March 10, 1997. EXTENSIONS OF TINE San Francisco BankAaerica Corporation, San Francisco, California extensions to divest certain properties. Granted, March 19, 1997. Atlanta Barnett Banks, Inc., Jacksonville, Florida extens ion to June 23, 1997, to engage de novo in acting as agent in the private placement of securities through Barnett Securities, Inc. Granted, March 13, 1997. Dallas Central Texas Bankshare Holdings, Inc., Columbus, Texas -- extension to June 26, 1997, to acquire Central Texas Bankshare Holdings, Inc., Weimar, Texas, Hill Bancshares, Inc., Wilmington, Delaware and Hill Bank & Trust Company, Weimar, Texas. Granted, March 11, 1997. H.2 MARCH 10, PAGE 9 1997 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Dallas Colorado County Investment Holdings, Inc., Wilmington, Delaware -- extension to June 26, 1997, to acquire Hill Bancshares Holdings, Inc., Weimar, Texas, Hill Bancshares, Inc., Wilmington, Delaware, and Hill Bank & Trust Company, Weimar, Texas. Granted, March 11, 1997. Chicago Fifth Third Bank of Central Indiana -- extension to April 12, 1998, to establish a branch at State Road 135 and Fry Road, Greenwood, Indiana. Granted, March 11, 1997. Chicago Fifth Third Bank of Central Indiana, Indianapolis, Indiana -- extension to April 12, 1998, to establish a branch at State Road 135 and Fry Road, Greenwood, Indiana. Granted, March 11, 1997. Dallas FNB Company, Livingston, Texas -- extension to June 13, 1997, to acquire FNB Company of Delaware, Wilmington, Delaware, and The First National Bank of Livingston, Livingston, Texas. Granted, March 12, 1997. Dallas FNB Company of Delaware, Wilmington, Delaware -extension to June 13, 1997, to acquire The First National Bank of Livingston, Livingston, Texas. Granted, March 12, 1997. San Francisco GB Bancorporation, San Diego, California -- extension to June 18, 1997, to acquire Pacific Commerce Bank, Chula Vista; and Rancho Vista National Bank, Vista, California. Granted, March 13, 1997. Chicago Horizon Bancorp Employee Stock Ownership Plan, Michigan City, Indiana -- extension to June 14, 1997, to acquire additional shares of Horizon Bancorp, and acquire First Citizens Bank, N.A. Granted, March 14, 1997. H.2 MARCH 10, 1997 PAGE 10 TO MARCH 15, 1997 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Atlanta Palm Beach National Holding Company, North Palm Beach, Florida -- extension to June 19, 1997, to acquire Palm Beach National Bank & Trust Company. Granted, March 14, 1997. INTERNATIONAL OPERATIONS Philadelphia CoreStates Bank, N.A., Philadelphia, Pennsylvania -to establish a branch in Seoul, Korea. Approved, March 13, 1997. Richmond Blue Ridge Bank, Sparta, North Carolina - - t o become a member of the Federal Reserve System. Approved, March 12, 1997. Atlanta Community Bank, Nashville, Tennessee -- to become a member of the Federal Reserve System. Approved, March 14, 1997. MEMBERSHIP H .2 ADDITIONS AND CORRECTIONS MARCH 10. 1997 PAGE 11 TO MARCH 15, 1997 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BOARD OPERATIONS Freedom on Information Act -- annual report for 1996. Published, March 1, 1997. REGULATIONS AND POLICIES Regulation CC -- clarifying amendments concerning guidelines for Federal Reserve priced services and fees for automated clearing house ACH service (Docket R-0926). Approved, February 26, 1997. Regulations H and K, deposit production offices -request for comment on proposed amendments to prohibit using interstate branches primarily for deposit production (Docket R-0962). Approved, February 28, 1997. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Heritage Bank, Hinesville, Georgia, proposed purchase of certain assets and assumption of certain liabilities of the Jesup, Georgia, branch of Wachovia Bank of Georgia, N.A., Augusta, Georgia report on competitive factors. Submitted, March 5, 1997. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "O" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK C o m m e n t P e rio d E n d i n g D a te S E C T IO N I A p p lic a tio n s S u b je c t to N e w s p a p e r _____ Notify Only_____ N one. S E C T IO N I I A p p lic a tio n s S u b je c t to B o th N e w s p a p e r a n d F e d e r a l R e g i s t e r N o tic e N one. SECn O N ill N o n b a n k in g A p p lic a tio n s ( s u b j e c t t o F e d e r a l R e g i s t e r N o tic e O n l y 1 N one. SECTION IV A p p lic a tio n s N o t I n v o lv in g ___ P u b lic C o m m e n t___ N one. S E C T IO N V A v a ila b ility o f C R A P u b li c E v a lu a tio n s In connection w ith the assessm ent o f each insured depository institution's CRA performance, a rating is assigned from the follow ing group: Outstanding record o f m eeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated community, including low - and m oderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. Satisfactory record o f m eeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including low - and moderate- incom e neighborhoods, in a manner consistent w ith its resources and capabilities. Needs to improve record o f meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and moderate incom e neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in m eeting com m unity credit needs. A n institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and moderate- incom e neighborhoods, in a manner consistent w ith its resources and capabilities. W eek E nding M arch 1 5 .1 9 9 7 N AM E O F B A N K R A TIN G N one. 1 / Subject to provisions o f Community R einvestm ent Act. 2 / Later o f dates specified in newspaper and Federal Register notices. y Date specified in newspaper notice; a later date may be specified in the Federal R egister notice. 4 / Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N /A - N ot A vailable EX A M IN A TIO N D ATE FEDERAL RESERVE BANK OF PHILADELPHIA S E C T IO N I - A P P L IC A T IO N S R E C E IV E D A N D S U B JE C T T O N E W S P A P E R N O T IC E O N L Y NONE S E C T IO N I I - A P P L IC A T IO N S R E C E IV E D A N D S U B JE C T T O B O T H N E W S P A P E R A N D F E D E R A L R E G IS T E R N O T IC E NONE S E C T IO N m - A P P L IC A T IO N S R E C E IV E D A N D S U B JE C T T O F E D E R A L REGISTER NOTICE ONLY U SA BancShares. In c.. Philadelphia, PA to engage in brokerage activities through the acquisition o f The Knox Financial Service Group, In c., pursuant to Section 4(c)(8) o f the Bank H olding Company A ct and Section 225.25(b )(15)(i) o f Regulation Y . Federal R egister comment period expires: 04/02/97 S E C T IO N IV - A P P L IC A T IO N S R E C E IV E D A N D N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O R N E W S P A P E R NONE FEDERAL RESERVE BANK OF PHILADELPHIA S E C T IO N V - A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S The follow ing institutions w ere exam ined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the w eek ending March 14, 1997. I d e n ti f i c a t io n o f R a t i n g s In connection w ith the assessm ent o f each insured depository institution's CRA perform ance, a rating is assigned from the follow ing groups: O u t s t a n d i n g r e c o r d o f m e e tin g c o m m u n ity c r e d i t n e e d s . An institution in this group has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. S a t i s f a c t o r y r e c o r d o f m e e tin g c o m m u n ity c r e d i t n e e d s . An institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N e e d s t o im p r o v e r e c o r d o f m e e t i n g c o m m u n ity c r e d i t n e e d s . An institution in this group needs to im prove its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. S u b s ta n t ia l n o n c o m p lia n c e i n m e e tin g c o m m u n ity c r e d i t n e e d s . An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. B a n k / L o c a t io n E x a m i n a t i o n D a te C R A R a tin g NONE NONE NONE APPLICATIONS BULLETIN (For the week ending M arch 15, 1997) S E C T IO N I - A P P L IC A T IO N S S U B JE C T T O N E W S P A P E R N O T IC E O N L Y Received notice from the Fifth Third Bank, Cincinnati, Ohio, on March 10, 1997, o f its intent to establish the Ferguson Road Bank Mart, 3210 Ferguson Road, Cincinanti,O hio. * April 4 , 1997 S E C T IO N n - A P P L IC A T IO N S S U B JE C T T O B O T H N E W S P A P E R A N D F E D E R A L R E G IS T E R N O T IC E Received notice from Banc One Corporation, Columbus, O hio, on February 2 8 , 1997, o f its intent to acquire First U SA , In c., D allas, Texas, pursuant to Section 4(c)(8) o f the Bank Holding Company A ct. *F: March 2 7 , 1997 Received Section 3(a)(3) application from F .N .B . Corporation, Herm itage, Pennsylvania, on March 6, 1997, to acquire 13.8% o f the outstanding voting shares o f Sun Bancorp, In c., Selinsgrove Pennsylvania. *F: April 10, 1997 Received Section 3(a)(5) application from First Financial Corporation, Ham ilton, O hio, on March 13, 1997, to acquire Southeastern Indiana Banmcorp, V evay, Indiana, and its sole subsidiary bank, V evay D epsoit Bank. *F: April 14, 1997 S E C T IO N m - A P P L IC A T IO N S S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O N L Y Received Section 4(c)(8) notice from F.N .B . Corporation, Herm itage, Pennsylvania, on March 6, 1997, o f its intent to acquire a 13.8% interst in Sun L ife Insurance Company, the nonbank subsidiary o f Sun Bancorp, Inc., Selinsgrove, Pennsylvania. Received notice from PNC Bank Corp., Pittsburgh, Pennsylvania, on February 28, 1997, o f its intent to establish PNC GPI, In c., as a de novo nonbank subsidiary that w ill serve as general partner to private investm ent lim ited partnerships pursuant to Section 4(c)(8) o f the Bank Holding Company A ct. * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 D ays from Date o f Receipt April 10, 1997 March 27, 1997 S E C T IO N IV - A P P L IC A T IO N S N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O R N E W S P A P E R N O T IC E NONE A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S (M a rc h 14, 1 997) T h e fo llo w in g sta te m e m b e r b a n k s h a v e b e e n e x a m in e d b y th e F e d e ra l R e s e rv e B a n k o f C lev elan d fo r co m p lian ce w ith T h e C o m m u n ity R ein v estm en t A c t. A p u b lic e v a lu a tio n d o c u m e n t b e c a m e a v a ila b le fro m th e b a n k (s ) lis te d b e lo w d u rin g th e w e e k e n d e d M a r c h 14, 1997. I f y o u a re in terested in o b tain in g a c o p y o f a n e v a lu a tio n d o c u m e n t, p le a s e c o n ta c t th e b a n k (s) d ire c tly . T h e r e a r e fo u r d e s c rip tiv e ra tin g s fo r C R A : O U T S T A N D IN G : a b a n k in th is g ro u p h a s a n o u ts ta n d in g re c o rd o f , a n d is a le a d e r in , a s c e rta in in g a n d h e lp in g to m e e t th e c r e d it n e e d s o f its e n tire d e lin e a te d c o m m u n ity , in c lu d in g lo w - a n d m o d e ra te -in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is te n t w ith its re s o u rc e s a n d c a p a b ilitie s . S A T I S F A C T O R Y : a b a n k in th is g ro u p h a s a sa tis fa c to ry re c o rd o f a sc e rta in in g a n d h e lp in g to m e e t th e c re d it n e e d s o f its e n tire d e lin e a te d c o m m u n ity , in c lu d in g lo w - a n d m o d e ra te -in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is te n t w ith its re so u rc e s a n d c a p a b ilitie s . N E E D S T O I M P R O V E : a b a n k in th is g ro u p n e e d s to im p ro v e its o v e ra ll re c o rd o f a s c e rta in in g a n d h e lp in g to m e e t th e c r e d it n e e d s o f its e n tire d e lin e a te d c o m m u n ity , in c lu d in g lo w - a n d m o d e ra te -in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is te n t w ith its re so u rc e s a n d c a p a b ilitie s . S U B S T A N T IA L N O N C O M P L I A N C E : a b a n k in this g ro u p has a substantially d e fic ie n t r e c o r d o f a s c e rta in in g a n d h e lp in g to m e e t th e c r e d it n e e d s o f its e n tire d e lin e a te d c o m m u n ity , in clu d in g lo w - a n d m o d era te-in co m e n eig h b o rh o o d s, in a m a n n e r c o n siste n t w ith its re so u rc e s a n d c a p a b ilitie s . NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Metro-County Bank of Virginia, Inc., Mechanicsville, Virginia (an organizing bank), for membership in the Federal Reserve System.* 3-21-97 F & M Bank-Northern Virginia, Fairfax, Virginia, to establish a branch at 440 Maple Avenue East, Vienna, Virginia.* 4-3-97 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date 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 Section V - Availability of CRA Public Evaluations Week ending March 14, 1997 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination ____Oats___ Pee Dee State Bank 115 West Main Street Timmonsville, South Carolina 29161-1717 1-13-97 Rating Satisfactory FederaUteserye.Baak of Atlanta Applications Bulletin for Week Ending March 14. 1997 Section 1 - Applications Subject to Newspaper N otice Only A pplication Comment Period Ending Date Republic Security Bank 02-26-97* W est Palm Beach, Florida To m erge w ith Fam ily Bank, Hallandale, Florida, pursuant to Section 18(c) o f the Federal D eposit Insurance A ct. Section 2 - Applications Subject to Both Newspaper and Federal R egister N otice Application Comment Period Ending Date R egions Financial Corporation N ot yet available* Birmingham, Alabama To acquire First M ercantile National Bank, Longwood, Florida, pursuant to Section 3(a)(3) o f the Bank H olding Company A ct. Decatur First Bank Group, Inc. Decatur, Georgia 1-BHC form ation, Decatur First Bank, Decatur, Georgia. 03-15-96* Newspaper PAB Bankshares, Inc. N ot yet available* V aldosta, Georgia To acquire First Federal Savings Bank o f Bainbridge, Bainbridge, G eorgia, pursuant to Section 3(a)(3) o f the Bank H olding Company Act. Liberty Bank Em ployee Stock Ownership Plan N ot yet available* N ew Orleans, Louisiana After-the-fact change in control notice to retain 1.99 percent o f the outstanding shares o f Liberty Financial Services, In c., N ew Orleans, Louisiana. The acquisition w ill increase Liberty Bank Em ployee Stock Ownership Plan’s total ownership to 14.53 percent. * Subject to the provisions of the Community Reinvestment Act. Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending March 14. 1997 S e c tio n 3 - A p p lic a tio n s S u b je c t to F e d e r a l R e g is te r O n ly A p p lic a tio n C o m m e n t P e r io d E n d in g D a te S o u th w e s t G e o rg ia F in a n c ia l C o rp o ra tio n N o t y e t a v a ila b le M o u ltrie , G e o rg ia E x p e d ite d n o tic e f o r its s u b s id ia ry , S o u th w e s t G e o rg ia B a n k , M o u ltrie , G e o rg ia , to a c q u ire 5 0 p e r c e n t o f E m p ire F in a n c ia l S e rv ic e s , I n c ., M ille d g e v ille , G e o rg ia , a n d th e re b y in d ire c tly en g a g e in m a k in g , a c q u ir in g , o r s e rv ic in g lo a n s o r o th e r e x te n s io n s o f c r e d it, p u rs u a n t to S e c tio n 2 2 5 .2 5 (b )(1 ) o f R e g u la tio n Y a n d S e c tio n 4 (c )(8 ) o f th e B a n k H o ld in g C o m p a n y A c t. S e c tio n 4 - A p p lic a tio n s N o t S u b je c t to F e d e ra l R e g is te r N o tic e o r N e w s p a p e r N o tic e A p p lic a tio n O v e rto n F in a n c ia l S e rv ic e s , In c . L iv in g s to n , T e n n e s s e e T o e s ta b lis h S e c u rA m e ric a H o ld in g C o rp o ra tio n , M e m p h is , T e n n e s s e e , a n d th e re b y e n g a g e in c o m m u n ity d e v e lo p m e n t a c tiv itie s , p u rs u a n t to S e c tio n 2 2 5 .2 5 (b )(6 ) o f R e g u la tio n Y a n d S e c tio n 4 (c )(8 ) o f th e B a n k H o ld in g C o m p a n y A c t. Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending-March.14. 1927 Section 10 - A vailability o f CRA Public Evaluations The CRA public evaluations o f the insured depository institutions listed below becam e available during this w eek. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessm ent o f an institution's CRA perform ance, a rating is assigned from the follow ing groups: O utstanding record o f m eeting com m unity credit needs: An institution has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. S atisfactory record o f m eeting com m unity credit needs: A n institution has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N eeds to im prove record o f m eeting com m unity credit needs: An institution needs to improve its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. Su bstan tial noncom pliance in m eeting com m unity credit needs: An institution has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. Bank CRA Rating M etro Bank o f Dade County 1390 South D ixie Highway Coral G ables, Florida 33146 (305) 662-1390 Satisfactory E x a m i n a t i o n D a te 12-02-96 Federal Reserve Bank o f Atlanta Applications Bulletin for Week Ending March 14. 1997 R ecently Approved A pplications Arrowhead Capital Corporation W est Palm Beach, Florida 1-BHC form ation, Sunniland Bank, Fort Lauderdale, Florida. Approval Date 03-11-97 D eposit Guaranty Corp. 03-11-97 Jackson, M ississippi Request for w aiver o f the application requirement o f Section 3(a)(5) o f the Bank H olding Company A ct to m erge w ith D eposit Guaranty Arkansas C orp., Fort Sm ith, Arkansas, and thereby directly acquire M erchants National Bank, Fort Smith, Arkansas. Cumberland Bancorp, Inc. 03-14-97 Carthage, Tennessee To acquire First Federal Bancshares, In c., M em phis, Tennessee, and thereby acquire its thrift subsidiaries, First Federal Bank, FSB, M em phis, Tennessee, and First Federal Bank, FSB, N ashville, Tennessee, pursuant to Section 3(a)(3) o f the Bank Holding Company A ct. The Community Bank 03-14-97 N ashville, Tennessee To becom e a member o f the Federal R eserve System , pursuant to Section 9 o f the Federal Reserve A ct and Section 2 0 8 .4 o f Regulation Y. (The Community Bank is the successor to First Federal Bank, FSB, N ashville, T ennessee.). Cumberland Bancorp, Inc. Carthage, Tennessee A fter-the-fact com m itm ent w aiver request. 03-14-97 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch Comerica Bank Detroit, Michigan 50 Douglas Holland, Michigan NP - 3-16-97 Branch Comerica Bank Detroit, Michigan 670 Highland Avenue Milford, Michigan NP - 3-16-97 Member NorthSide Community Bank Gurnee, Illinois To become a member of the Federal Reserve System 3(a)(1) Notice IBC Bancorp, Inc. Chicago, Illinois International Bank of Chicago Chicago, Illinois NP - Newspaper FR - Federal Register * - Subject to Provisions o f Community Reinvestment Act ** - Not available at this time NP - 03-26-97 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application COC-HC Antioch Holding Company Antioch, Illinois By Randolph S. M iles FR - 3-20-97 NP - 2-21-97 COC-HC Antioch Holding Company Antioch, Illinois By Cynthia M. Stout FR - 3-20-97 NP - 2-28-97 3(a)(3) Coal City Corporation* Chicago, Illinois U .S. Bancorp Lansing, Illinois U .S. Bank Lansing, Illinois FR - 3-21-97 NP - 3-22-97 3(a)(1) CH and JD By rum, LLC* Indianapolis, Indiana American State Corporation Lawrenceburg, Indiana American State Bank Lawrenceburg, Indiana PR _ ** NP - 3-26-97 3(a)(3) National Canton Bancshares, Inc.* Canton, Illinois Sturm Investment, Inc. Denver, Colorado Union National Bank o f Macomb Macomb, Illinois PR . ** NP _ ** 3(a)(3) Old Second Bancorp, Inc.* Aurora, Illinois Maple Park Bancshares, Inc. Maple Park, Illinois First State Bank o f Maple Park Maple Park, Illinois PR _ ** Np _ ** 3(a)(1) Bando McGlocklin Capital Corporation* Pewaukee, W isconsin InvestorsBank (in organization) Pewaukee, W isconsin FR - 4-7-97 NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice cont’d Comment Period Ending Date Type Application 3(a)(3) Manufacturers National Corporation* Chicago, Illinois U .S. Bancorp, Inc. Chicago, Illinois U .S. Bank Chicago, Illinois FR - 3-21-97 NP - 3-22-97 3(a)(1) First Equity Corp.* Skokie, Illinois 1st Equity Bank (in organization) Skokie, Illinois FR - 2-27-97 NP - 3-10-97 3(a)(3) Country Bancorporation* Crawfordsville, Iowa Hiawatha Bank and Trust Company (in organization) Hiawatha, Iowa PR . ** NP - * * 3(a)(3) ABC Employee Stock Ownership Plan* Anchor, Illinois Anchor Bancorporation Inc. Farmer City, Illinois Anchor State Bank Anchor, Illinois FR - 4-3-97 NP - 4-1-97 4(c)(8) Shoreline Financial Corporation Benton Harbor, Michigan SJS Bancorp, Inc. St. Joseph, Michigan SJS Federal Savings Bank St. Joseph, Michigan FR - 3-13-97 NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice cont’d Comment Period Ending Date Type Application 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Service, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) ABN AMRO Bank, N.V. Amsterdam, The Nedierlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) ABN AMRO Holding N.V. Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 4(c)(8) ABN AMRO North America, Inc. Chicago, Illinois Standard Federal Bancorporation, Inc. Troy, Michigan Standard Federal Bank Troy, Michigan Standard Brokerage Services, Inc. Troy, Michigan FR - 3-4-97 NP - 3-10-97 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan IFB Investment Services, Inc. Valparaiso, Indiana FR - 3-12-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan Infed Mortgage Company Valparaiso, Indiana FR - 3-12-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan Indiana Federal Corporation Valparaiso, Indiana Indiana Federal Bank Valparaiso, Indiana FR - 3-12-97 4(c)(8) Pinnacle Financial Services, Inc. St. Joseph, Michigan Forrest Holdings, Inc. Lisle, Illinois FR - 3-12-97 4(c)(8) Old Second Bancorp, Inc. Aurora, Illinois Maple Park Mortgage Company Maple Park, Illinois PR . ** 4(c)(8) Bando McGlocklin Capital Corporation Pewaukee, W isconsin Bando McGlocklin Small Business Lending Company and Bando McGlocklin Investment Corporation Pewaukee, W isconsin FR - 4-7-97 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date TYRe Application 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 4(c)(8) Stichting Prioritiet ABN AMRO Holding Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 4(c)(8) ABN AMRO Bank N .V . Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 4(c)(8) ABN AMRO Holding, N .V . Amsterdam, The Netherlands Citicorp Futures Corporation New York, New York Citifutures Limited London, England Citicorp Futures Limited Singapore FR - 3-17-97 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application ROS-HC Anchor Bancorporation, Inc. Farmer City, Illinois To redeem 102 shares of its outstanding shares Federal Reserve Bank o f Chicago Section V - Availability o f CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank o f Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending March 14, 1997. If you are interested in obtaining a copy o f the evaluation document, please contact the bank(s) directly. Identification o f Ratines 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 has a needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION F&M Bank - Kiel 514 Fremont Kiel, W isconsin 53042-0037 (414) 894-2257 EXAMINATION DATE 11/18/96 RATINGS O Federal R eserve Bank o f St. Louis F O R T H E W E E K E N D IN G M A R C H 1 4 , 1 9 9 7 S E C T IO N I - A P P L IC A T IO N S S U B J E C T T O N E W S P A P E R N O T IC E A p p lic a tio n E n d o f C o m m e n t P e r io d N one. S E C T IO N I I - A P P L IC A T IO N S S U B J E C T T O B O T H N E W S P A P E R A N D F E D E R A L R E G IS T E R N O T IC E A p p lic a tio n E n d o f C o m m e n t P e r io d N one. S E C T IO N I I I - A P P L IC A T IO N S S U B J E C T T O F E D E R A L R E G IS T E R N O T IC E A p p lic a tio n End ofCom m ent Period N one. S E C T IO N IV - A P P L IC A T IO N S N O T S U B J E C T T O F E D E R A L R E G IS T E R N O T IC E O R N E W S P A P E R N O T IC E A p p lic a tio n N one. End of Comment Period FEDERAL RESERVE BANK OF ST. LOUIS FOR THE W EEK ENDING M arch 14, 1997 S E C T IO N V - A V A IL A B IL IT Y O F C R A P U B L IC D IS C L O S U R E S I d e n tif ic a tio n o f R a tin g s : O u ts ta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. S a tis fa c to r y r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s A n institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N e e d s to im p r o v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group needs to im prove its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. S u b s ta n tia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N am e o f Bank C itizens Bank B ank A ddress B atesville, AR E xam ination E xam ination D ate R ating 11/18/96 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Community First Bankshares, Inc., Fargo, North Dakota for prior approval to acquire 100% o f the voting shares o f KeyBank National Association (Wyoming), Cheyenne, Wyoming. * April 11, 1997 (Federal Register) Hiawatha Bancshares, Inc., Hager City, Wisconsin, for prior approval to acquire 100% o f the voting shares o f Glenwood Bancshares, Inc., Glenwood City, Wisconsin. * April 14, 1997 (Federal Register) Theodore Hofer to acquire control o f 35.8% o f the voting shares o f H & W Holding Company, Freeman, South Dakota. Not yet available * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application First National Bank in Brookings, Brookings, South Dakota, for approval to invest in the capital stock o f a bank service corporation. First Integrity Bancorporation, Inc., Staples, Minnesota to redeem 100% o f its Class A common stock. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability o f CRA Public Evaluations week ending March 14,1997 ASSIGNMENT OF RATING Identification o f Ratings In connection with the assessment o f each insured depository institution’s CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record 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 OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs 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. BANKISI EXAMINED DATE OF EXAMINATION CRA RATING Crow River State Bank 710 Babcock Boulevard Box B2 Delano, Minnesota 55328 November 25, 1996 Satisfactory K A N SA S CITY R ESER V E BA N K A PPLIC A TIO N S A N D R EPO R TS R EC EIV ED March 14, 1997 SEC TIO N I - A PPLIC A TIO N S SUBJECT TO N EW SPA PER N O TIC E O NLY APPLICATION COMMENT PERIOD ENDING DATE C itizens Security Bank & Trust C o ., Bixby, Oklahoma, for membership in the Federal Reserve System . N ot A vailable SEC TIO N II - A PPLIC A TIO N S SUBJECT TO BO TH N EW SPA PER A N D FED ER AL R EG ISTER N O TIC E APPLICATION COMMENT PERIOD ENDING DATE W auneta Falls Bancorp, In c., W auneta, Nebraska, for prior approval to acquire 100 percent o f the voting shares o f Ogallala National Bank, Ogallala, N ebraska.* April 4 , 1997 Krem lin Bancshares, In c., Krem lin, Oklahoma, for prior approval to becom e a bank holding company through the acquisition o f 100 percent o f the voting shares o f Bank o f Kremlin, Krem lin, Oklahoma.* April 11, 1997 James Jay Haney, Trustee, Fayetteville, Arkansas, to increase ownership from 16.18 percent to 48.57 percent, o f the voting shares o f SSB H oldings, Inc., M iam i, Oklahoma. N ot A vailable M AXLOU Bancshares, In c., Tahlequah, Oklahoma, for prior approval to becom e a bank holding company through the acquisition o f 81.82 percent o f the voting shares o f First State Bank, Tahlequah, Oklahoma.* N ot A vailable SEC TIO N III - A PPLIC A TIO N S SUBJECT TO FED ER AL R EG ISTER N O TIC E O NLY APPLICATION COMMENT PERIOD ENDING DATE M AXLOU Bancshares, In c., Tahlequah, Oklahoma, for prior approval to engage in the making and servicing o f loans through the acquisition o f 100 percent o f the voting shares o f Liberty Finance, In c., Tahlequah, Oklahoma. N ot A vailable SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEW SPAPER NOTICE APPLICATION N one. S E C T IO N V - A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S I d e n tif ic a tio n o f R a tin g s In connection w ith the assessm ent o f each insured depository institution's CRA perform ance, a rating is assigned from the follow ing groups: O u ts ta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s A n institution in this group has an outstanding record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. S a tis f a c to r y r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s A n institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. N e e d s to im p ro v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s A n institution in this group needs to improve its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including low - and moderateincom e neighborhoods, in a manner consistent w ith its resources and capabilities. S u b s ta n tia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including low - and moderateincom e neighborhoods, in a manner consistent w ith its resources and capabilities. Bank/Location Exam Date CRA Public Date Colorado Bank & Trust P.O . Box 499 La Junta, Colorado 81050-0499 12/09/96 03/10/97 CRA Ratine Satisfactory U nion State Bank P.O . Box 518 Clay Center, Kansas 67432-0518 12/16/96 0 3/11/97 Satisfactory First United Bank 19201 East M ain Street Parker, Colorado 80134-9047 12/09/96 03/12/97 Satisfactory *A pplication is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN A P P L I C A T I O N S AND N O T I F I C A T I O N S F I L E D DURING T H E WEEK O F MARCH 1 0 , 19 9 7 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY A P P LIC A T IO N N O T IC E EXP * S e c t i o n 9 a p p l i c a t i o n by Th e S t a t e Bank o f T e x a s , H o u s t o n , TX t o e s t a b l i s h a b ra n c h t o be l o c a t e d a t 13023 M urphy R o a d , S t a f f o r d , T X 7 7 4 7 7 97/04/04 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A P P LIC A T IO N Change i n C o n t r o l N o t i c e by M. D a l e M c G i l l , H o u s t o n , T X , e t a l , t o a c q u i r e an i n t e r e s t i n Fa rm e rs and M e rc h a n ts B a n c s h a r e s , I n c . , M a r t , TX * * NOTTCF FXP N /A ( P r e v i o u s l y r e p o r t e d d u r i n g t h e week o f 2 - 2 4 - 9 7 ) ( R e s u b m is s io n ) Change i n C o n t r o l N o t i c e by Mary L o i s W h it t e n b u r g L o c k h a r t , as T r u s t e e o f t h e G r a c e and Roy W h it t e n b u r g T r u s t s , A m a r i l l o , T X , t o a c q u i r e an i n t e r e s t i n A m a r i l l o W estern B a n c s h a r e s , I n c . , A m a r i l lo , TX ( P r e v i o u s l y r e p o r t e d d u r i n g t h e week o f 2 - 1 7 - 9 7 ) Change i n C o n t r o l N o t i c e by D eborah Y o w e ll F a r l e y , e t a l , t o a c q u i r e an i n t e r e s t in Texas S t a t e Bancshares, I n c . , H arker H e ig h ts , TX ( P r e v i o u s l y r e p o r t e d d u r i n g t h e week o f 2 - 2 4 - 9 7 ) 97/03/28 97/03/27 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY A P P LIC A T IO N N O T IC E EX P No ne. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE A P P LIC A T IO N No ne. * S U B JE C T TO CRA. * * E X P I R A T I O N D ATE I S T H E D ATE S P E C I F I E D IN T H E NEWSPAPER N O T IC E O N L Y . N /A - NOT A V A I L A B L E A T T H I S T I M E . S E C T IO N V - A V A I L A B I L I T Y O F CRA P U B L IC E V A L U A T IO N S FOR T H E WEEK O F MARCH 1 0 . 1 9 9 7 O u t s t a n d i n g r e c o r d o f m e e tin g comm unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g ro u p has an o u t s t a n d i n g r e c o r d o f , and i s a l e a d e r i n , a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d c o m m u n ity , i n c l u d i n g lo w - and m o d e ra te -in c o m e n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b ilitie s . S a t i s f a c t o r y r e c o r d o f m e e tin g comm unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g ro u p has a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d com m un ity, i n c l u d i n g lo w - and m o d e ra te -in c o m e n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u rc e s and c a p a b i l i t i e s . Needs t o Im p rove r e c o r d o f m e e tin g comm unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g ro u p need t o im p ro ve i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d co m m u n ity , i n c l u d i n g lo w - and m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . S u b s t a n t i a l N o n com p lia n ce i n m e e tin g comm unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g ro u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d com m un ity, i n c l u d i n g lo w - and m o d e ra te -in c o m e n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . Bank None. D a te o f Exa m in a tio n CRA R a t i n g FEDERAL RESERVE BANK OF SAN FRANCISCO W eek ending 3 /14/97 Section I - Applications Subject to Newspaper N otice Only Date A pplication Comment Period Ending Date W estam erica Bank, San Rafael, C alifornia, to merge with V alliW ide Bank, Fresno, California. * Newspaper: 4 /0 7 /9 7 First SecurityBank o f Nevada, Las V egas, Nevada, to establish a branch office in the Trails V illage Center, located at the corner o f Trailwood D rive and V illage Center D rive, Las V egas, Nevada. * Newspaper: 3 /2 7 /9 7 AM B Financial Services Corporation, Bainbridge, Island, W ashington, to becom e a bank holding company by acquiring American Marine Bank, Bainbridge Island, W ashingotn. * Newspaper: 3/2 1 /9 7 Section II - Applications Subject to Both Newspaper and Federal Register Notice Eggem eyer A dvisory Corporation, Castle Creek Partners Fund LLP, and Castle Creek Capital LLC, all o f San D iego, California, to acquire at least 14.9 percent o f Rancho Santa Fe National Bank, Rancho Santa F e, C alifornia, and at least 14.9 percent o f First Community Bank o f the D esert, Yucca V alley, California. * Newspaper; N ot available Fed. Reg.; C itizens Bancorp to becom e a bank holding company by acquiring Citizens Bank, both o f C orvallis, Oregon. * Newspaper; First Coastal Bancshares, El Segundo, California, to becom e a bank holding company by acquiring First Coastal Bank, N .A ., El Segundo, California. * Newspaper; * Subject to CRA. Fed. R eg.: Fed. Reg.; 3 /2 4 /9 7 4 /0 4 /9 7 4 /0 7 /9 7 N ot available 4 /1 1 /9 7 FEDERAL RESERVE BANK OF SAN FRANCISCO W eek ending 3 /1 4 /9 7 Section III -A pplications Subject to Federal R egister Only N one Section IV - Applications N ot Subject to Federal R egister N otice or Newspaper N otice Humboldt Bancorp, Eureka, California, to acquire Bancorp Financial Services, In c., Sacramento, California. Section V - A vailability o f CRA Public Evaluations The CRA public evaluations o f the institution(s) below becam e available during this w eek. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location First American Bank 8941 E. V alley Blvd. Rosem ead, CA 91770 (818) 287-6100 Examination Date 11/12/96 Rating* Satisfactory *Under the rating system an institution's CRA performance is assigned one o f the follow ing four ratings: O utstanding record o f m eeting com m unity credit needs: A n institution has an outstanding record o f, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - and m oderate-income neighborhoods, in a manner consistent with its resources and capabilities. S atisfactory record o f m eeting com m unity credit needs: A n institution has a satisfactory record o f ascertaining and m eeting the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. FEDERAL RESERVE BANK OF SAN FRANCISCO W eek ending 3 /1 4 /9 7 Section V - A vailability o f CRA Public Evaluations (cont'd.) N eed s to Im prove record o f m eeting com m unity cred it needs: An institution needs to improve its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - to m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. S u b sta n tia l N oncom pliance in m eeting com m unity credit needs: An institution has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated com m unity, including low - to m oderate-incom e neighborhoods, in a manner consistent w ith its resources and capabilities. The above listing has been prepared as a courtesy by the Federal R eserve Bank o f San Francisco, and is not intended to replace formal notices required by statute or regulation; the R eserve Bank assumes no responsibility for errors or om issions.