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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H . 2 , 1 9 9 1 , No. 11
A c t i o n s o f t h e B o a r d , i t s S t a f f , and
R
ESETARCH
F e d e ra l R eserv e Banks;
A p p T r c a t i o n s an d R e p o r t s R e c e iv e d
D u rin g t h e Week E n d in g M arch 1 6 , 1 9 9 1

fa,? 23

3 i;iH »9j
jj

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Economic prospects — statement by Chairman Greenspan
before the Joint Economic Committee, March 13,
1991 .
Published^ March 13, 1991.
ADVISORY COUNCILS
Consumer Advisory Council.
Convened, March 14, 1991.
BANK HOLDING COMPANIES
Mitsubishi Bank, Limited, Tokyo, Japan — to engage
de novo in interest rate and currency swap
activities through Mitsubishi Capital Market
Services, Inc., New York, New York.
Permitted, March 13, 1991.
ENFORCEMENT




Banca Nazionale del Lavoro, Rome, Italy, and its
Atlanta, Georgia, agency and New York, New York,
branch — cease and desist order dated March 8,
1991 .
Announced, March 11, 1991.
Bank of The West, Irving, Texas; Greater Southwest
Bancshares, Inc.; Greater Southwest Bancshares,
Inc. Employee Stock Ownership Plan, and H. Gary
Blankenship — written agreement dated March 1,
1991, with the Federal Reserve Bank of Dallas.
Announced, March 12, 1991.
Sterling Bancorp, Inc., St. Albans, West Virginia —
written agreement dated January 31, 1991, with the
Federal Reserve Bank of Richmond and the
Commissioner of Banking, State of West Virginia.
Announced, March 15, 1991.

H.2
MARCH 11, 1991
PAGE 2

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
New York

Chemical Bank, New York, New York — to establish a
branch at Bronx Community College, University
Avenue and West 181st Street, Bronx, New York.
Approved, March 12, 1991.

Boston

Union Trust Company of Ellsworth, Ellsworth, Maine —
to establish a branch on Main Street in the Village
of Castine, Maine.
Approved, March 11, 1991.

BANK HOLDING COMPANIES




Richmond

CB&T Financial Corp., Fairmont, West Virginia —
engage de novo in data processing and certain
bookkeeping services through CB&T Operations
Company.
Permitted, March 11, 1991.

to

Atlanta

East Ridge Bancshares, Inc., East Ridge, Tennessee —
to acquire Mortgage South of Tennessee, Inc., and
engage in mortgage lending activities.
Approved, March 13, 1991.

Dallas

First American Financial Corporation, Sulphur
Springs, Texas — to acquire First American Bank of
Sulphur Springs, N.A.
Approved, March 14, 1991.

Chicago

First Berlin Bancorp, Inc., Berlin, Wisconsin —
acquire The First National Bank of Berlin.
Approved, March 13, 1991.

Chicago

First National Bancorporation of Stoughton, Inc.,
Stoughton, Wisconsin — to acquire The First
National Bank of Stoughton.
Approved, March 11, 1991.

Atlanta

First Pinellas Financial Group, Inc., Pinellas Park,
Florida — to acquire First National Bank of
Pinellas.
Approved, March 15, 1991.

to

H.2

MARCH 11, 1991
PAGE 3

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Johnson International, Inc., Racine, Wisconsin —
acquire Biltmore Investors Bank, New Holland,
Illinois.
Returned, March 12, 1991.

New York

Keycorp, Albany, New York — to engage de novo in
providing management consulting services.
Permitted, March 13, 1991.

Kansas City

Midwest Banco Corporation, Cozad, Nebraska — to
acquire Enders Company, Enders, Nebraska, and First
State Bank.
Approved, March 13, 1991.

Richmond

National Banc of Commerce Company, Charleston, West
Virginia — to acquire Lavalette State Bank,
Lavalette, West Virginia.
Approved, March 12, 1991.

Kansas City

Parker Bancorp., Inc., Parker, Colorado —
Bank of the West, Parker.
Returned, March 12, 1991.

Atlanta

Peoples Preferred Bancshares, Inc., Colquitt, Georgia
— to acquire the Peoples Bank.
Approved, March 11, 1991.

Richmond

Resource Bancshares Corporation, Columbia, South
Carolina — proposal that Republic National Bank
purchase the assets and assume the liabilities of
Interim Federal Savings Bank, which was formed to
acquire certain assets and assume deposit
liabilities of the three Spartanburg, South
Carolina, branches and the Landrum, South Carolina,
branch of Poughkeepsie Savings Bank, F.S.B.,
Poughkeepsie, New York.
Approved, March 15, 1991.

New York

Summit Bancorporation, Chatham, New Jersey — to
purchase certain assets and assume certain
liabilities of five branches of Carteret Savings
Bank, FA., Morristown, New Jersey.
Withdrawn, March 11, 1991.

to

to acquire

H.2
MARCH 11, 1991
PAGE 4

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK MERGERS
New York

United Jersey Bank, Hackensack, New Jersey — to
merge with United Jersey Bank / Northwest,
Randolph, New Jersey, and to establish branches
incident to merger.
Approved, March 15, 1991.

BANKS• NATIONAL
Minneapolis

Norwest Bank Minnesota, N.A., Minneapolis, Minnesota,
Norwest Bank Minnesota Central, N.A., St. Cloud;
Norwest Bank Minnesota Mesabi, N.A., Eveleth;
Norwest Bank Minnesota North, N.A., Duluth; Norwest
Bank Minnesota South, N.A., Owatonna; Norwest Bank
Minnesota Southeast, N.A., Rochester; Norwest Bank
Minnesota West, N.A., Moorhead; and Norwest Bank
Red Wing, N.A., Red Wing, Minnesota — to establish
an offshore operating subsidiary.
Withdrawn, March 13, 1991.

BANKS» STATE MEMBER
Staff Director
BS&R

Meridian Trust Company, Reading, Pennsylvania transfer agent registration.
Approved, March 12, 1991.

S t . Louis

State Bank of Breese, Breese, Illinois — payment of a
dividend.
Approved, March 11, 1991.

CAPITAL STOCK




Cleveland

First Citizens Banc Corp., Sandusky, Ohio —
redemption of shares.
Approved, March 13, 1991.

Minneapolis

Herman First National Agency, Inc., Herman, Minnesota
— redemption of shares.
Approved, March 13, 1991.

Chicago

VCR Bancorporatdon, LTD., Carlisle, Iowa —
redemption of shares.
Returned, March 15, 1991.

H.2

MARCH 11, 1991
PAGE 5

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL
Philadelphia

Montour Bank, Danville, Pennsylvania —
bank control.
Permitted, March 13, 1991.

change in

COMPETITIVE FACTORS REPORTS




Chicago

Advance Bank, F.S.B., Lansing, Illinois, proposed
purchase of the Orland Park, Illinois, branch of
Republic Savings Bank, F.S.B., Matteson, Illinois - report on competitive factors.
Submitted, March 14, 1991.

Chicago

Amcore Bank N.A., Rockford, Illinois, proposed
purchase of certain assets and assumption of
deposit liabilities of the Roscoe, Illinois, and
South Beloit branches of River Valley Savings Bank,
Rock Falls, Illinois — report on competitive
factors.
Submitted, March 12, 1991.

Minneapolis
A m e r i c a n Bank a n d T r u s t C o m p a n y of Moorhead,
Moorhead, Minnesota, proposed merger with Farmers
S t a t e Bank of Rothsay, Rothsay, M i n n e s o t a —
report
on c o m p e t i t i v e factors.

Submitted, March 11, 1991.
San Francisco

American Savings Bank, F.A., Stockton, California,
proposed purchase of the Oakdale branch of
Sacramento Savings Bank, Sacramento, California,
and proposed purchase of the Dixon branch of
American Savings Bank by Sacramento Savings Bank —
report on competitive factors.
Submitted, March 15, 1991.

San Francisco

Antelope Valley Bank, Lancaster, California, proposed
merger with Antelope Valley Merger Corporation,
Lancaster, California — report on competitive
factors.
Submitted, March 14, 1991.

Chicago

Bank of Stoddard, Stoddard, Wisconsin, proposed
merger with Ferryville State Bank, Ferryville; and
De Soto State Bank, De Soto, Wisconsin — report on
competitive factors.
Submitted, March 12, 1991.

H.2
MARCH 11, 1991
PAGE 6

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Cleveland

Equibank, Pittsburgh, Pennsylvania, proposed merger
with Liberty Savings Bank — report on competitive
factors.
Submitted, March 14, 1991.

New York

Ironbound Bank, Newark, New Jersey, proposed purchase
of certain assets and assumption of certain
liabilities of the Elizabeth Avenue branch of
United Counties Trust Company, 711-715 Elizabeth
Avenue, Elizabeth, New Jersey — report on
competitive factors.
Submitted, March 15, 1991.

Minneapolis

Princeton State Bank, Princeton, Minnesota, proposed
merger with the Citizens State Bank of MilacaOgilvie, Milaca, Minnesota — report on competitive
factors.
Submitted, March 11, 1991.

Richmond

Raleigh Federal Savings Bank, Raleigh, North
Carolina, proposed purchase of three branches of
Pioneer Savings Bank, Inc., Rocky Mount, North
Carolina — report on competitive factors.
Submitted, March 12, 1991.

San Francisco

Redlands Federal Bank, FSB, Redlands, California,
proposed purchase of certain deposit liabilities
and assets of the Loma Linda branch of First
Federal Savings and Loan Association, San
Bernardino, California — report on competitive
factors.
Submitted, March 12, 1991.

Chicago

Sanilac County Bank, Deckerville, Michigan, proposed
purchase of the assets and assumption of the
deposit liabilities of the Minden City branch of
First of America Bank-Mid Michigan, National
Association, Bay City, Michigan — report on
competitive factors.
Submitted, March 12, 1991.

H.2

MARCH 11, 1991
PAGE 7

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Atlanta

Tennessee Bancorp, Inc., Columbia, Tennessee,
proposed acquisition of the Tennessee National Bank
— report on competitive factors.
Submitted, March 11, 1991.

EXTENSIONS OF TIME




Kansas City

Air Academy National Bancorp, U.S. Air Force Academy,
Colorado Springs, Colorado -- extension to July 16,
1991, to acquire Air Academy National Bank, U.S.
Air Force Academy.
Granted, March 15, 1991.

Atlanta

Barnett Banks, Inc., Jacksonville, Florida —
extension to June 7, 1991, to acquire Barnett Card
Services Bank, National Association.
Granted, March 15, 1991.

Chicago

Citizens Commercial & Savings Bank, Flint, Michigan - extension to December 31, 1991, to provide
contractual services to Grayling State Bank,
Grayland; State Bank of Standish, Standish; Second
National Bank of Bay City, Bay City; and Second
National Bank of Saginaw, Saginaw, Michigan, and
their branches.
Granted, March 13, 1991.

Atlanta

CNB Financial Corporation, Clewiston, Florida —
extension to June 18, 1991, to acquire Clewiston
National Bank.
Granted, March 15, 1991.

Philadelphia

Commerce Bancorp, Inc., Cherry Hill, New Jersey -extension to May 12, 1991, to acquire Commerce
Bank / Harrisburg, Camp Hill, Pennsylvania.
Returned, March 13, 1991.

Atlanta

First Bancshares of Stevenson, Inc., Stevenson,
Alabama - extension to June 18, 1991, to acquire
—
First National Bank of Stevenson.
Granted, March 15, 1991.

H.2

MARCH 11, 1991
PAGE 8

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME




S t . Louis

First Commercial Corporation, Little Rock, Arkansas - extension to May 17, 1991, to engage de novo in
trust company activities through First Commercial
Trust Company, N.A., Little Rock, Arkansas.
Granted, March 11, 1991.

Chicago

First Financial Corporation, Terre Haute, Indiana —
extension to April 25, 1991, to retain shares and
to acquire shares of First Citizens of Paris, Inc.,
Paris, Illinois, and The Citizens National Bank of
Paris.
Granted, March 11, 1991.

Atlanta

First National Financial Corporation, Albany, Georgia
— extension to June 19, 1991, to acquire First
National Bank of South Georgia.
Granted, March 15, 1991.

Minneapolis

Montana Bank of Billings, Billings, Montana —
extension to April 27, 1991, to acquire 11 other
subsidiary banks of Montana Bancsystem, Inc.
Granted, March 11, 1991.

New York

Saban S.A., Panama City, Republic of Panama —
extension to June 15, 1991, to acquire Safra
National Bank of New York, New York, New York.
Granted, March 15, 1991.

Atlanta

Screven Bancshares, Inc., Sylvania, Georgia —
extension to June 18, 1991, to acquire Farmers and
Merchants Bank.
Granted, March 15, 1991.

Atlanta

Soperton Bancshares, Inc., Soperton, Georgia -extension to June 14, 1991, to redeem shares.
Granted, March 15, 1991.

New York

United Counties Bancorporation, Cranford, New Jersey
— extension to May 28, 1991, to acquire up to
9.9 percent of shares of Central Jersey Bancorp,
Freehold, New Jersey.
Granted, March 15, 1991.

H.2
MARCH 11, 1991
PAGE 9

TO

MARCH 15, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

RESERVE BANK OPERATIONS




Director, FRBO

Federal Reserve Bank of Dallas —
library system.
Approved, March 11, 1991.

to purchase tape

H. 2
MARCH 11, 1991
PAGE 10

ADDITIONS AND CORRECTIONS
TO

MARCH 15, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BOARD OPERATIONS
Freedom of Information Act —
Published, March 1, 1991.

annual report for 1990.

Government in the Sunshine — annual report for 1990.
Published, February 14, 1991.

ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta

Bank of North America Bancorp, Inc., Miami, Florida “ to acquire Bank of North America Interim Savings
Association, Boca Raton, Florida.
Approved, March 8, 1991.

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS




San Francisco

CoastFed Business Credit Corporation, Los Angeles,
California — registration statement.
Withdrawn, March 5, 1991.

FEDERAL RESERVE

BANK OF BOSTON APPLICATIONS

S E C T I O N I ~ A P P L I C A T I O N S S U B J E C T TO
N E W S P A P E R N O T I C E ONL Y
Application

C o m m e n t P e r i o d E n d i n g Date

NON E

S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B OTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
C o m m e n t P e r i o d E n d i n g Date

Application

N e w s p a p e r 0 3 - 30-91

S a n d w i c h Bancorp, I n c . ,
Sandwich, M a s s a c h u s e t t s
- 3(a)(1) a p p l i c a t i o n
to a c q u i r e The S a n d w i c h
C o o p e r a t i v e Bank,
Sandwich, M a s s a c h u s e t t s *

F ederal R e g i s t e r 0 4 - 01-91

S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T TO
F E D E R A L R E G I S T E R N O T I C E ONLY
Application

C o m m e n t P e r i o d E n d i n g Date
NONE

S E C T I O N IV - A P P L I C A T I O N S NOT S U B J E C T TO
F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E
Application
NONE

S E C T I O N V - A V A I L A B I L I T Y OF CRA P U B L I C E V A L U A T I O N S

NONE
* S u b j e c t to CR A




Comment Period
Tending Date
SECTION I
Applications Subject to Newspaper
____________Notice Only_________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Qnlv^
None.
SECTION IV
Applications Not Involving
______ Public Comment______
None.

Availability of CRA Public Evaluations
March 10. 1991 through March 16. 1991
NAME OF BANK

EXAMINATION DATE

None.

1/
2/
3/

4/

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.
N/A - Not Available
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I ■ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Continent Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
National Penn Bancshares, Inc., Boyertown,
PA notice by James K. Overstreet to own
10.1% of the common stock of National
Penn Bancshares, Inc., pursuant to the
Change in Bank Control Act of 1978.
Federal Register:
Newspaper:

3/25/91
N/A*

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
CoreStates Financial Corp., Philadelphia, PA
requests permission to expand de novo to a
nationwide basis the geographical service area
of its existing subsidiary, Signal Financial
Corporation, Pittsburgh, PA, which engages in
activities pursuant to Section 4(c)(8) of the
BHC Act, and Sections 225.25(b)(1) and
225.25(b)(8) of Regulation Y.

N/A*

Dauphin Deposit Corporation. Harrisburg, PA to
acquire 100% of Hopper Soliday & Co., Inc.,
Philadelphia, PA, pursuant to Section 4(c)(8)
of the Bank Holding Company Act.

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.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

For week ending 3/15/91

Examination Date

Institutions




None.

Federal Reserve Bank of Cleveland
A p p lic a tio n s B u lle tin
F o r Week E n d in g M arch 1 6 , 1 9 9 1

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NON E

SECTION I I - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
R e c e i v e d S e c t i o n 3 ( a ) (1) a p p l i c a t i o n on
M a r c h 11, 1991 from Central Bancshares,
Inc., St. Paris, Ohio, to a c q u i r e T h e
Fir s t C entral N a t i o n a l B a n k of St. Paris,
St. Paris, Ohio.

SECTION I I I

* F - A p r i l 8, 1991

- APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on
M a r c h 13, 1991 from M i d Am, Inc., B o w l i n g
Green, Ohio, to a c q u i r e C i t i z e n s Federal
S a v i n g s a n d L o a n Association, Beliefontaine,
Ohio.

Not Yet Known #

R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on
M a r c h 14, 1991 from I n tegra Financial
Corporation, Pittsburgh, Pennsylvania,
of its i nte n t to e n g a g e in n o n - d e p o s i t o r y
l e n d i n g a c t i v i t i e s p u r s u a n t to S e c t i o n
225.25(b)(1) of R e g u l a t i o n Y t h r o u g h its
w h o l l y - o w n e d subsidiary, I ntegra L e a s i n g
Company.

Not Yet Known #

*
#
N
F

-

S u b j e c t to CR A
E x p e c t e d to e n d a p p r o x i m a t e l y 30 days from t h e d a t e of r e c e i p t
N e w s p a p e r C o m m e n t Pe r i o d
Fe d e r a l R e g i s t e r C o m m e n t Pe r i o d




A p p lic a tio n s B u lle tin
F o r Week E n d in g M arch 1 6 , 1 9 9 1

SECTION I I I

- APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY ( C o n t . )

R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on
Not Yet Known #
M a r c h 15, 1991 from F i r s t F i n a n c i a l Bancorp.,
Monroe, Ohio, t o a c q u i r e H o m e F ederal Bank, F.S.B.,
Hamilton, Ohio.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE

*
#
N
F

-

S u b j e c t to CR A
E x p e c t e d to e n d a p p r o x i m a t e l y 30 days from t h e d a t e of r e c e i p t
Newspaper Comment Period
F e d e r a l R e g i s t e r C o m m e n t Pe r i o d




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(March 15, 1991)

T h e f o l l o w i n g sta t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the
F e deral R e s e r v e B a n k of C l e v e l a n d for c o m p l i a n c e w i t h T h e C o m m u n i t y
R e i n v e s t m e n t Act.
A p u b l i c e v a l u a t i o n d o c u m e n t is a v a i l a b l e from
the bank(s) l i s t e d below.
If y o u are i n t e r e s t e d in o b t a i n i n g a
copy
of
an e v a l u a t i o n document,
please
contact
t h e bank(s)
directly.

Fifth Third Bank
38 F o u n t a i n S q u a r e P l a z a
Cincinnati, O h i o 45263
(513) 5 7 9 - 5 3 0 0
Examined:
O c t o b e r 15, 1990




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending March 15, 1991

Examination
Date____

Security Bank Corporation, Manassas, Virginia

12-3-90

Commerce Bank of Virginia, Richmond, Virginia

12-17-90




F e deral R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a r c h 15.

1991

S e c t i o n 1 - A p p l i c a t i o n s S u b j e c t to N e w s p a p e r N o t i c e O n l y
Application
Trust Company Bank
Atlanta, G e o r g i a
To e s t a b l i s h a b r a n c h o f f i c e at
C a n t e r b u r y C o u r t r e t i r e m e n t f a c ility
l o c a t e d at 3750 P e a c h t r e e Road, N. E.,
Atlanta, Georgia.

Not yet available

Sovran Bank/Tennessee
Nashville, T e n n e s s e e
To e s t a b l i s h a f r e e - s t a n d i n g A T M to be
k n o w n as S o v r a n B a n k / T e n n e s s e e P a r k r i d g e
M e d i c a l C e n t e r ATM, l o c a t e d at P a r k r i d g e
M e d i c a l Center, 2333 M c C a l l i e Avenue,
Chattanooga, Tennessee.

04-01-91

S e c t i o n 2 - A p p l i c a t i o n s S u b j e c t To B o t h
N e w s p a p e r and Federal R e g i s t e r N o t i c e
Application

C o m m e n t P e r i o d E n d i n g Date

C i t y Banc C o r p o r a t i o n
Childersburg, A l a b a m a
A f t e r - t h e - f a c t c h a n g e in c o ntrol R o b e r t
O. R a y to r e t a i n 4.92 p e r c e n t of the
o u t s t a n d i n g s h a r e s of c o m m o n s t o c k tha t
i n c r e a s e d his tot a l o w n e r s h i p to 14.1
percent.
CBW B a n c o r p
Craw f o r d v i l l e , F l o r i d a
1-BHC formation, The Cit i z e n s B a n k of
Wakulla, C r a w f o rdville, Florida.

0 3 - 21-91

Not yet available

S e c t i o n 3 - A p p l i c a t i o n s S u b j e c t to F e deral R e g i s t e r N o t i c e O n l y
Application

C o m m e n t P e r i o d E n d i n g Dat e

None.
S e c t i o n 4 - A p p l i c a t i o n s S u b j e c t N o t S u b j e c t to Fe d e r a l R e g i s t e r
N o t i c e or N e w s p a p e r N o t i c e
Application
None.
S e c t i o n 10 - A v a i l a b i l i t y of C R A P u b l i c E v a l u a t i o n s
Bank
None




E x a m i n a t i o n D ate

Federal Reserve Bank of Chicago

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Application

Type

Merger/
Branches/
Relocation

The Fanners Loan and Trust Company
N - 2-25-91
Columbia City, Indiana
INB National Bank
Fort Wayne,Indiana
Georgetown Branch, 6564 East State Boulevard
Fort Wayne, Indiana
Illinois Road Branch, 1115 Avenue of the Autos
Fort Wayne, Indiana
Irene Byron Health Center Branch, 12101 Lima Road
Fort Wayne, Indiana
Renaissance Square Branch, 200 East Berry Street
Fort Wayne, Indiana
Relocate its heme office to 200 East Berry Street
Fort Wayne,Indiana*

EFT

First of America Bank-Central
Lansing, Michigan
Windmill Truck Stop, 7262 Lansing Road
Dimondale, Michigan*

N

- **

Merger/
Branch

Chemical Bank Bay Area
Bay City, Michigan
Ifcrlette Branch Office of Old Kent
Bank-Central
Owosso, Michigan
2593 S. Van Dyke
Marlette, Michigan*

N

- **

Type

Section II - Applications Subject Both to Newspaper and Bartered
Register Notice
Comment Period
Application
Rnriinq nate

Y-2

Johnson International, Inc.
Racine, Wisconsin
Biltmore Investors Bank (was Magna
Bank of New Holland)
New Holland, Illinois*

FR - 4-1-91
N
- 3-25-91

Y-2

Firstbank of Illinois Co.
Springfield, Illinois
Central Banc System, Inc.
Fatrview Heights, Illinois
Central Bank
Faixview Height, Illinois
Farmers & Merchants Bank of Carlinville
Carlinville, Illinois*

FR - 3-19-91
N
- 3-18-91




Federal Reserve Bank of Chicago

Type

Section II - Applications Subject to Both Newspaper and Federal
Reaistar Notice
(continued)
Comment Period
End in g D ate
Application

Y-2

First National Bancorp, Inc.
Monroe, Wisconsin
Citizens State Bank
Belleville, Wisconsin*

FR - 3-27-91
NP - * *

COC-HC

Benton Financial Corporation
Fowler, Indiana
James T. Rainier & Nancy B. Rainier

FR - 4-1-91
NP - **

Y-2

First Michigan Bank Corporation
Holland, Michigan
Northwestern Bank Corporation
East Jordan, Michigan
Northwestern State Bank
East Jordan, Michigan*

FR - 4-2-91
N - 3-17-91

Y-2

Valley Bancshares, Inc.
Mapletan, Icwa
Nisswa State Bank
Nisswa, Minnesota*

FR - 4-8-91
N - 1-14-91

GoC-HC

Chadwick Bancshares, Inc.
Chadwick, Illinois
Walter Nehrkom

FR - 4-8-91
N - **

Y-2

Chadwick Bancshares, Inc.
Chadwick, Illinois
Preston Bancshares, Inc.
Preston, Iowa
Fanners Savings Bank
Preston, Iowa*

FR - 4-8-91
N - **

Y-2

Midlothian State Bank Employees Stock
Ownership Trust
Midlothian, Illinois
Midlothian State Bank
Midlothian, Illinois*

FR - * *
N - 4-1-91

Y-2

Prairie Bancorp
Manlius, Illinois
Bank of Ladd
Ladd, Illinois*

FR - **
N - **




Federal Reserve Bank of Chicago

Section III - Applications Subject to Federal Registar
Notice Only
Comment Period
Rndinrr D ate
Application

Type

Y-4

Manufacturers National Corporation
Detroit, Michigan
W.Y. Campbell & Company
Detroit, Michigan

FR - **

Y-4

Northern Trust of California Corporation
Chicago, Illinois
Berry, Hartell, Evers & Osborne, Inc.
San Francisco, California

FR - **

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

RoS

Benton Financial Corporation
Fcwler, Indiana
To repurchase 25,000 shares of common stock

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this r t =
im>




AVAILABILITY OF CRA PUBLIC DISCLOSURES

The following institutions were examined for CRA. The 30-business day
period the bank has to make the evaluation public has elapsed. This list
covers the week ending Friday, March 15, 1991.
BANK NAME/LQCATION
■Union Bank/Sandwich
Sandwich, Illinois




VTION DATE

12/10/90

FOR THE WEEK ENDING MARCH 15, 1991

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

None.

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
None.




End of Comment Period

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING MARCH 15, 1991

AVAILABILITY OF CRA PUBLIC DISCLOSURES

Bank Name
NONE




City and State

Examination Date

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
Comment Period
Ending Date

Application
Mary Jane Reardon Living Trust
Retroactive notice to acquire
control of 34.35% of the voting
shares of First Western Corpora­
tion, Sioux Falls, SD

3-26-91
(Federal Register)

Craig C. Wilcox
To acquire control of 50% of
Wilcox Bancshares, Inc., Grand
Rapids, MN

Not yet available

Heron Lake Bancshares, Inc.
Heron Lake, MN
To acquire Heron Lake State Bank
Heron Lake, MN*

4-8-91
(Newspaper)

Section III - Applications Subject
to Federal Register Notice Only

Application
Commercial Banshares, Inc.
Mitchell, SD
To acquire Spectrum Life Insurance
Company, Mitchell, SD

^Subject to CRA




Comment Period
Ending Date
Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS

Section III - Applications Subject
to Federal Register Notice Only (Continued^

Application

Comment Period
Ending Date

First Bancorp, Inc.
Huron, SD
To engage in general insurance
agency activities through the
acquisition of the assets of
Stapp Insurance Agency, Newell,
SD and Brunner Insurance Agency,
Nisland, SD

Not yet available

Norwest Corporation, Mpls, MN;
Norwest Financial Services, Inc.,
Des Moines, IA; and Norwest
Financial, Inc., Des Moines, IA
To engage in operating lease
activities through the acquisition
of $45 million in equipment held
under operating leases by Dial Bank,
Sioux Falls, SD

Not yet available

Norwest Corporation, Mpls, MN;
Norwest Financial Services, Inc.,
Des Moines, IA; and Norwest
Financial, Inc., Des Moines, IA
To engage in commercial finance
activity through the acquisition
of AVCO Financial Services of
Mississippi, Inc., Irvine, CA

Not yet available

Heron Lake Bancshares, Inc.
Heron Lake, MN
To engage in general insurance
activities through the acquisi­
tion of Heron Lake Agency, Inc.,
Heron Lake, MN

Not yet available




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section III - Applications Subject
to Federal Register Notice Only (Continued^
Comment Period
Ending Date

Application
Security Richland Bancorporation
Miles City, MN
To engage de novo in the activity
of making and servicing loans.

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending March 15, 1991
Bank Name

None.




City/State

Examination Date

Federal Reserve Bank o f Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING DATE

G. T. Blankenship, Okl a h o m a City,
Oklahoma, for prior a pproval to
inc r e a s e his control of N i chols Hills
Ba n c o r p o r a t i o n , Inc., O k l a h o m a City,
Oklahoma, by 4.15 p e rcent to 13.39
percent.

Not A v a i l a b l e

Fir s t N a t i o n a l Insurance Agency,
Inc., Exeter, Nebraska, for prior
a p p r o v a l to ac q u i r e 57.4 percent of
the v o t i n g shares of First National
Bank in Exeter, Exeter, Nebraska.*

Not A v a i l a b l e

K e n n e t h R. and Nan c y D. Henderson,
Broo m f i e l d , Colorado, for prior
a p p r o v a l to increase their
p r o p o r t i o n a t e o w n e r s h i p interest in
C o m m u n i t y Bancorp, Inc., Thornton,
Colorado, by .7 percent to 25.63
percent.

Not A v a i l a b l e

Steve Anderson, Okla h o m a City,
Oklahoma, et. al., for approval to
r e tain their o w n e r s h i p interest of 30
p e r c e n t in A m e r i c a n C o m merce
Bancshares, Inc., O k l a h o m a City,
Oklahoma.

Not A v a i l a b l e

B a n c s h a r e s of J a c k s o n Hole,
Incorporated, Jackson, Wyoming, for
prior a p p r o v a l to become a bank
h o l d i n g c o mpany through the
a c q u i s i t i o n of 83.91 percent of the
v o t i n g shares of Bank of Jackson
Hole, Jackson, W y oming.*

April

3, 1991

BOK F i n a n c i a l Corporation, Tulsa,
Oklahoma, for prior appro val to
b e c o m e a bank holding company through
the a c q u i s i t i o n of 99.99 percent of
the v o t i n g shares of Bank of
Oklahoma, N.A., Tulsa, O klahoma.*

April

2, 1991




Federal Reserve Bank o f Kansas City

C. L. Craig, Jr., and Mi c h a e l T.
Craig, O k l a h o m a City, Oklahoma, as
tru s t e e s of C l e o L. Craig Trust, to
a c q u i r e 16.34 percent, and as
t rustees of Cleo L. Craig
G r a n d c h i l d r e n s Trust, to acquire
83.18 p e r c e n t of the voting shares of
L a w t o n S e c u r i t y Bancshares, Inc.,
Lawton, Oklahoma.

SECTION I I I

M a r c h 27,

1991

~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY

APPLICATION
B r o o k e Holdings, Inc., Jewell,
Kansas, for prior approval to acquire
79.59 p e r c e n t of the voting shares of
B r o o k e Corporation, Concordia,
Kansas, and thereby engage in
i n s u r a n c e activities.

COMMENT PERIOD ENDING DATE
Apr i l

8,

1991

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
C a r r o l l C o u n t y Bancshares, Inc.,
C a r rollton, Missouri, for prior
a p p r o v a l to redeem 1,755 shares of
its own v o t i n g common stock.

SECTION X ~ AVAILABILITY OF CRA PUBLIC EVALUATIONS
EXAMINATION DATE
None.

♦ A p p l i c a t i o n is subject to CR A




FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE W
EEK OF M
ARCH 11, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

** NOTICE EXP

APPLICATION
Change in Control Notice by
Luther May, Jr., Big Springs, TX, to acquire an interest
in First Coleman Bancshares, Inc., Coleman, TX

03/25/91

Change in Control Notice by
Jack D. Sweet and Margaret D. Sweet, Dallas, TX, to acquire
an interest in T B & T, Inc., Dallas, TX

N/A

♦Section 3(a)(1) application by
San Juan Bancshares, Inc., San Juan, TX, to acquire
San Juan Delaware Financial Corporation, Dover, DE, and
San Juan State Bank, San Juan, TX

04/10/91

♦Section 3(a)(1) application by
San Juan Delaware Financial Corporation, Dover, DE, to
acquire San Juan State Bank, San Juan, TX

04/10/91

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.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF MARCH 11. 1991

Name of Bank
Watauga State Bank

City & State
Watauga, TX

Date of Examination

11/05/90

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.




FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 3/15/91

Section I - Applications Sub.iect to Newspaper Notice Only
Application

Comment Period Ending Date

California Center Bank, Los Angeles, California,
to establish a branch office at 1126 South
Santee Street, Los Angeles, California. *

Newspaper:

Not available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Penelope Gehr Hull Trust; H. Lawrence Hull, Jr.,
Dale M. and Allen H. Hermann, Portland, Oregon,
to acquire 7.83 percent of West Coast Bancorp,
Portland, Oregon.

Newspaper:

Not available

Fed. Reo.:

3/25/91

Albert and Dorothy Ratzlaff, Kingsburg,
California, to increase ownership from 9.4
to 32.0 percent of Kings River Bancorp,
Reedley, California.

Newspaper:

Not available

Fed. Reo.:

4/15/91

Section III - Applications Sub.iect to Federal Register Notice Only
The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan,
to engage d§ novo worldwide in: interest rate
and currency swap transactions; "swap derivative
products"; acting as broker or agent; and acting
as adviser to institutional customers, through
DKB Credit Corporation, New York, New York.

Fed. Rea.: Not yet published

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None




FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t 'd )

Week ending 3/15/91

Section V - Availability of CRA Public Evaluations

*

Information about an institution's CRA evaluation may be obtained from the
institition.
Institution

Location

Citizens Bank of Santa Paula

Santa Paula, CA

* Subject to CRA




Examination Date
12/03/90


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102