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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R£SEAfCHL,BRAR'
f H.2, l9*6 ' No* 11
Actions of the Board, its Staff, and
Federal Reserve Banks;
fp ^ \ Applications and Reports Received
.o
0
During the Week Ending March 16, 1996
’ '^"of'* L E.LA D
C t.V H

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Focus of supervisory personnel on the risk management
procedures of banking organizations -- statement by
Mr, Spillenkothen* Director, Division of Banking
Supervision and Regulation, before the House
Committee on Banking and Financial Services,
March 13, 1f96.
Published, March 13, 1996.

OM?
Bank Holding Company Reporting Requirements (FR Y-9C,
FR Y-9LP, FR Y-11Q, and FR Y-11I ) -- revision.
Approved, March 12, 1996.
INTERNATIONAL OPERATIONS
Republic National Bank of New York, New York, New
York -- to invest in Republic Leasing do Brasil,
Sao Paulo, Brazil.
Permitted, March 14, 1996.

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 - Internetional Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
St. Louis

First Bank of Arkansas, Jonesboro, Arkansas -- to
establish a branch at 1205 South Caraway Road.
Approved, March 11, 1996.

Richmond

First Virginia Bank, Falls Church, Virginia - - t o
establish a branch at 20522 Falcons Landing Circle,
Sterling, Virginia.
Approved, March 14, 1996.

Richmond

Mellon Bank CMD), Rockville, Maryland -- to establish
a night depository facility at 1903 Research
Boulevard.
Approved, March 11, 1996.




H.2
MARCH 1 1 ,
PACE 2

1996

TO

MARCH 1 5 ,

1996

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE B A N K S
UNDER DELEGATED AUTHORITY

BANK BRANCHES. DOMESTIC




San Francisco

Oak Valley Community Bank, Oakdale, California - - t o
establish a branch at 14580 Mono Way, Sonora,
California.
Returned, March 12, 1996.

Minneapolis

Rocky Mountain Bank, Billings, Montana -- to
establish a branch in Plentywood, Montana.
Approved, March 12, 1996.

Dallas

Texas State Bank, McAllen, Texas -- to establish a
branch at Kika de la Garza and Tom Landry, Mission,
Texas.
Approved, March 13, 1996

Dallas

Texas State Bank, McAllen, Texas - - t o establish a
branch at 900 Conway, Mission, Texas.
Approved, March 13, 1996.

Dallas

Texas State Bank, McAllen, Texas -- to establish a
branch at Sharyland Road and FM 495, Sharyland,
Texas.
Approved, March 13, 1996.

Dallas

Texas State Bank, McAllen, Texas -- to establish a
branch at 2101 South 10th.
Approved, March 13, 1996.

Dallas

Texas State Bank, McAllen, Texas - - t o establish a
branch at West Highway 83 and Tom Gill Road, La
Joya, Texas.
Approved, March 13,. 1996.

Dallas

Texas State Bank, *McAllen, Texas - - t o establish a
branch at Highway 83 and Conway, Mission, Texas.
Approved, March 13, 1996.

Dallas

Texas State Bank, McAllen, Texas -- to establish a
branch at Doherty and Tom Landry, Mission, Texas
Approved, March 13, 1996.

Dallas

Texas State Bank, McAllen, Texas - - t o establish a
branch at Bridge and Esperanza Street, Hidalgo,
Texas.
Approved, March 13, 1996.

H.2
M A R C H 11, 1996
PAGE 3

TO

M A R C H 15, 1996

A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK BRANCHES. DOMESTIC
San Francisco

Valliwide Bank, Fresno, California -- to establish a
branch in The Hanford Mall at 1675 West Lacey
Boulevard, Hanford, California.
Approved, March 12, 1996.

Chicago

1st Source Bank, South Bend, Indiana - - t o establish
a branch at 500 Indiana Boundary Line Road,
Chesterton, Indiana, and at 800 Main Street,
Rochester, Indiana.
Approved, March 11, 1996.

BANK HOLDING COMPANIES




Boston

Beacon Bancorp, Taunton, Massachusetts -- to acquire
Bristol County Savings Bank.
Approved, March 14, 1996.

Dallas

Caldwell Holding Company, Columbia, Louisiana -- to
acquire Citizens Progressive Bank.
Approved, March 11, 1996.

Richmond

Community Bankshares, Inc., Orangeburg, South
Carolina -- to acquire Sumter National Bank,
Sumter, South Carolina.
Approved, March 14, 1996.

Secretary

Compass Bancshares, Inc., Birmingham, Alabama -request for waiver of application to acquire Post
Oak Bank, Houston, Texas.
Granted, March 15, 1996.

Philadelphia

CoreStates Financial Corp., Philadelphia,
Pennsylvania -- to engage de novo in full service
brokerage activities through CoreStates Securities
Corp.
Permitted, March 12, 1996.

Richmond

F & M National Corporation, Winchester, Virginia -to acquire FB&T Financial Corporation, Fairfax,
Virginia.
Approved, March 14, 1996.

H.2
M A R C H 11, 1996
PAGE 4

TO

M A R C H 15, 1996

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

BANK HOLDING COMPANIES




Chicago

Financial Services Corporation of the Midwest, Rock
Island, Illinois -- to engage de novo in lending
activities.
Permitted, March 14, 1996.

Cleveland

First Commonwealth Financial Corporation, Indiana,
Pennsylvania -- to acquire BSI Financial Services,
Inc., Titusville, Pennsylvania.
Approved, March 15, 1996.

Cleveland

First Financial Bancorp, Hamilton, Ohio -- to engage
in lending activities through First Finance
Mortgage Company of Southwestern Ohio, Fairfield,
Ohio.
Approved, March 14, 1996.

Director, BS&R

First Hawaiian, Inc., Honolulu, Hawaii -- request for
relief from certain commitments relied on in
connection with the Boardfs approval of the
application to acquire First Interstate of Hawaii.
Granted, March 14, 1996.

Dallas

First Valley Bank Group, Inc., Harlingen, Texas -- to
acquire Pharr Financial Corporation, Pharr, Texas,
and Security State Bank.
Approved, March 13, 1996.

Dallas

First Valley Delaware Financial Corporation, Dover,
Delaware -- to acquire Pharr Financial Corporation,
Pharr, Texas, and Security State Bank.
Approved, March 13, 1996.

Philadelphia

Fulton Bancshares Corp., McConnellsburg, Pennsylvania
-- to engage de novo in community development
activities through the Fulton County Community
Development Corporation.
Permitted, March 13, 1996.

Chicago

Heartland Bancshares, Inc., Lenox, Iowa -- to engage
de novo in lending activities.
Permitted, March 13, 1996.

H.2
M A R C H 11, 1996
PAGE 5

TO

M A R C H 15, 1996

A C T I O N S T A K E N BY T HE S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Chicago

Holcomb Bancorp, Inc., Employee Stock Ownership Plan,
Holcomb, Illinois -- to acquire Holcomb Bancorp,
Inc., and Holcomb State Bank.
Approved, March 15, 1996.

San Francisco

InterWest Bancorp, Reno, Nevada - - t o acquire
InterWest Mortgage.
Returned, March 14, 1996.

Dallas

JWL-GSW, Ltd., Houston, Texas -- to acquire Gulf
Southwest Bancorp, Inc.; Gulf Southwest Nevada
Bancorp, Inc., Reno, Nevada; and Merchants Bank,
Houston, Texas.
Approved, March 12, 1996.

Cleveland

Ohio State Bancshares, Inc., Marion, Ohio -- to
acquire The Marion Bank.
Approved, March 14, 1996.

Kansas City

Texhoma Bancshares, Inc., Texhoma, Oklahoma -- to
engage de novo in community development activities.
Permitted, March 15, 1996.

Cleveland

WesBanco, Inc., Wheeling, West Virginia -- to acquire
shares of The Heritage Bank of Harrison County,
Inc., Clarksburg, West Virginia.
Approved, March 13, 1996.

BANK MERGERS




Minneapolis

Rocky Mountain Bank, Billings, Montana - - t o merge
with Security State Qank, Plentywood, Montana, and
to establish a branch.
Approved, March 12, 1996.

Dallas

Texas State Bank, McAllen, Texas -- to merge with
Border Bank, Hidalgo, Texas, and First State Bank
and Trust Company, Mission, Texas, and to establish
branches.
Approved, March 13, 1996.

H.2
M A R C H 11, 1996
PAGE 6

TO

M A R C H 15, 1996

A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

BANKS■ STATE MEMBER
Richmond

Bank of the Commonwealth, Norfolk, Virginia - - t o
exercise fiduciary powers.
Approved, March 12, 1996.

Richmond

Middleburg Bank, Middleburg, Virginia -- payment of
dividend.
Approved, March 12, 1996.

CAPITAL STOCK
Chicago

Worthington Bancorporation, Worthington, Iowa -redemption of shares.
Approved, March 13, 1996.

CHANGE IN BANK CONTROL




Dallas

Caprock Bancshares, Inc., Shallowwater, Texas
change in bank control.
Returned, March 13, 1996.

Minneapolis

Chickasha Bancshares, Inc., Chickasha, Oklahoma -change in bank control.
Permitted, March 11, 1996.

Dallas

First Sierra Bancshares, Inc., Truth or Consequence
New Mexico -- change in bank control.
Permitted, March 15, 1996.

Minneapolis

H.R. Financial, Inc., Blair, Wisconsin -- change in
bank control.
Permitted, March 12, 1996.

Kansas City

Mancos Bancorporation, Inc., Mancos, Colorado -change in bank control.
Permitted, March 15, 1996.

Dallas

Plains Bancorp, Inc., Dimmitt, Texas - - change in
•
bank control.
Returned, March 13, 1996.

H.2
M A R C H 11, 1996
PAGE
7

TO

M A R C H 15, 1996

A C T I O N S T A K E N BY T HE S T A F F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Atlanta

Bank of Lucedale, Lucedale, Mississippi, proposed
merger with Interim Bank of Lucedale -- report on
competitive factors.
Submitted, March 13, 1996.

New York

Bank of Tokyo Trust Company, New York, New York,
proposed merger with The Mitsubishi Bank Trust
Company -- report on competitive factors.
Submitted, March 13, 1996.

Minneapolis

Farmers and Merchants Bank and Trust, Watertown,
South Dakota, proposed merger with American Federa
Bank, fsb, Madison, South Dakota -- report on
competitive factors.
Submitted, March 12, 1996.

San Francisco

Fidelity Federal Bank, A Federal Savings Bank,
Glendale, California, proposed reorganization into
interim holding company through the acquisition of
Bank Plus Corporation, Wilmington, Delaware -report on competitive factors.
Submitted, March 12, 1996.

St. Louis

Great Financial Corporation, Louisville, Kentucky ,
proposed acquisition of the assets and assumption
of the liabilities of LFS Bancorp, Inc., Lexington
Kentucky, and Lexington Savings Bank, and proposed
merger with Great Financial Bank, F.S.B.,
Louisville, Kentucky -- report on competitive
factors.
Submitted, March 12, 1996.

San Francisco

Imperial Thrift and Loan Association, Glendale,
California, proposed merger with First Fidelity
Thrift and Loan, Irvine, California -- report on
competitive factors.
Submitted, March 12, 1996.

Chicago

Indiana Lawrence Bank, North Manchester, Indiana
proposed merger with Farmers & Merchants Bank of
Rochester, Rochester, Indiana -- report on
competitive factors.
Submitted, March 15, 1996.

H .2
MARCH 1 1 ,
PAGE 8

1996

TO

MARCH 1 5 ,

1996

A C T I O N S T A K E N BY T H E S T A F F A N D T HE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Boston

Maine Bank & Trust Company, Portland, Maine, proposed
acquisition of the assets and assumption of the
liabilities of the Kezar Falls, Maine, branch of
Coastal Savings Bank, Westbrook, Maine -- report on
competitive factors.
Submitted, March ^4, 1996.

EXTENSIONS OF TIME
Balias

A.N.B. Holding Company, Ltd., Terrell, Texas
extension to June 30, 1996, to acquire ANB
Corporation; ANB Delaware Corporation; and
American National Bank of Terrell.
Granted, March 13, 1996.

San Francisco

BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, March 11, 1996.

San Francisco

BankWest Nevada Corporation, Las Vegas, Nevada -extension to June 20, 1996, to acquire BankWest of
Nevada.
Granted, March 14, 1996.

Cleveland

Montgomery Bancorporation, Inc., M t . Sterling,
Kentucky -- extension to June 15, 1996, to acquire
Tradition Bank, FSB, Lexington, Kentucky.
Granted, March 14, 1996.

INTERNATIONAL OPERATIONS




San Francisco

California International Corporation, San Francisco,
California -- to change its name to Union Bank of
California, International.
Approved, March 12, 1996.

Director, BS&R

First National Bank of Chicago, Chicago, Illinois
waiver of the remainder of the 45-day notice period
to establish a branch in Frankfurt, Germany.
Granted, March 11, 1996.

H.2
M A R C H 11, 1996
PAGE 9

TO

M A R C H 15, 1996

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

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Boston -- to offer a Nation
City Sort product and a local Electronic Cash
Letter City Group Sort product.
Approved, March 15, 1996.

H.2
M A R C H 11, 1996
P A G E 10

ADDITIONS AND CORRECTIONS
TO

M A R C H 15, 1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

INTERNATIONAL OPERATIONS
Northern Trust Company, Chicago, Illinois - - t o
establish a branch in Singapore.
Permitted, March 8, 1996.

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

BANK BRANCHES. DOMESTIC




Philadelphia

Ambassador Bank of the Commonwealth, Allentown,
Pennsylvania - - t o establish a branch at 1323 Grape
Street, Whitehall, Pennsylvania.
Approved, March 7, 1996.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY

Comment Period Ending Date

Application
NONE

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 T O B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

Comment Period Ending Date

Bank of Boston
Corporation, Boston,
Massachusetts 3(a)(3)/3(a)(5)
application to acquire
The Boston Bancorp,
Boston, Massachusetts*

4-15-96

Newspaper
Federal Register

Not Yet Established

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 T O
FEDERAL REGISTER NOTICE ONLY

Application

Comment Period Ending Date
NONE
S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE
SECTION V

Institution

- 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

Examination Date

Rating**

NONE
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.




"N" - Needs to

FEDERAL RESERVE BANK OF NEW YORK
Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
________ Notice Only________
Application by Interchange State Bank, Saddle Brook, New Jersey,
to establish a branch at 3 Post Road, Oakland, New Jersey. 1/

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SEC TIO N III
Nonbanking A pplications
(subject to Federal R egister Notice Only!
None.

SECTION IV
Applications Not Involving

___ Pdblfc Comment___
None.
SECTION V
Availability o f CRA Public Evaluations
In connection with the assessment o f each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record o f meeting community credit needs.
An institution in this group has an outstanding record of. and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its



04/17/96

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 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 o f ascertaining and helping to meet the credit needs of its entire
delineated community, including iow- and moderate- income
neighborhoods, in a manner consistent with its resources and capabilities.
W eek Ending M arch >6.
NAM E QE BANK
The Merchants Bank of
New York
275 Madison Avenue
New York, New York 10016

RATING

EXAMINATION PATE

Satisfactory

October 16, 1995

1/ Subject to provisions of Community Reinvestment Act.
2/ Later o f dates specified in newspaper and Federal Register notices.
3/ Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4/ Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER
NOTICE ONLY
First Executive Bank. Philadelphia, PA to establish a branch office at 4190 City Avenue,
Philadelphia, PA, pursuant to Section 9 o f the Federal Reserve Act.
Newspaper com m ent period expires:

04/15/96

SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER
FEDERAL REGISTER NOTICE
E xecufirst Bancorp Inc. Philadelphia, PA to m erge with R epublic Bancorporation,
Philadelphia, PA, pursuant to Section 3(a)(5) o f the Bank H olding Company Act.
Federal Register com m ent period expires: N/Avail
Newspaper com m ent period expires:
03/31/96
Carnegie Bancorp. Princeton, NJ to .merge with Regent Bancshares Corp., Philadelphia, PA
and thereby indirectly acquire Regent N ational Bank, Philadelphia, PA.
Federal Register com m ent period expires: 04/08/96
Newspaper com m ent period expires:
N/Avail
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL
REGISTER NOTICE ONLY
U nited Valiev Bancorp. Philadelphia, PA requests prior approval to acquire at least 50
percent o f Eagle Valley Financial Services, Inc., Philadelphia, PA, and thereby engage in
m ortgage banking pursuant to section 4(c)(8) o f the Bank H olding Company Act and
section 225.25(b)(1) o f Regulation Y.
Federal Register com m ent period expires: 03/18/96
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER
K eystone Financial. Inc.. Harrisburg, PA requests relief from a com m itm ent established in
connection with the notice by Keystone to engage in investm ent advisory services through
M artindale Andres & Company, W est Conshohocken, PA which was approved by Board
Order 11/03/95.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
T he following institutions w ere exam ined for CRA . T h e 30-business day period th e bank
has to m ake the evaluation public has lapsed during th e w eek ending M arch 15, 1996.
Identification o f Ratings
In connection with the assessm ent of each insured depository institution’s C R A perform ance,
a rating is assigned from the following groups:
O utstanding record o f m eeting com m unity credit needs.
A n institution in this group has an outstanding record of, and is a lead er in, ascertaining and
helping to m eet the credit needs of its entire d elineated community, including low- and
m oderate-incom e neighborhoods, in a m anner consistent with its resources and capabilities.
Satisfactory record o f m eeting com m unity credit needs.
A n institution in this group has a satisfactory record o f ascertaining and helping to m eet the
credit needs of its entire delineated community, including low- and m oderate-incom e
neighborhoods, in a m anner consistent with its resources and capabilities.
Needs to improve record o f m eeting com m unity credit needs.
An institution in this group needs to im prove its overall record o f ascertaining and helping
to m eet th e credit needs of its entire delineated community, including low- and m oderateincome neighborhoods, in a m anner consistent with its resources and capabilities.
Substantial noncom pliance in m eeting com m unity credit needs.
An institution in this group has a substantially deficient record of ascertaining and helping
to m eet the credit needs of its entire delineated community, including low- and m oderateincome neighborhoods, in a m anner consistent with its resources and capabilities.
B ank/Location

Exam ination D ate

C R A R ating

NONE

NO NE

NO NE




F ed er a l R eserv e B ank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 4 4 10 1-13 87

APPLICATIONS BULLETIN
(For the week ending M arch 16, 1996)
SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY
Received notice from The Richwood Banking Company, Richwood,
Ohio, on M arch 13, 1996, of its intent to establish CBCT facilities
at C J’s M arket, 5 M ill Street, Milford Center, Ohio, and Village
Mart, 10152 US Route 42 North, Marysville, Ohio.
Received notice from The Fifth Third Bank, Cincinnati, Ohio, on
March 12, 1996, of its intent to establish branch facilities at 450
Ohio Pike, Cincinnati, Ohio, and 1024 Smithville Road, Dayton,
Ohio.
Received notice from The Fifth Third Bank, Cincinnati, Ohio, on
M arch 12, 1996, of its intent to establish a branch facility at 23 East
Central Avenue, Miamisburg, Ohio.
SECTION

* M arch 30, 1996

* April 5, 1996

* April 12, 1996

n - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL
REGISTER NOTICE
NONE

SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEW SPAPER NOTICE
NONE

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
f - Expected to End 30 Days from Date of Receipt
t




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(March 15, 1996)

The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended M arch 15,
1996. If you are interested in obtaining a copy o f an evaluation document, please contact the
bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PR O V E: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON C O M PLIA N CE: a bank in this group has a substantially
deficient record of ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
NONE




F e d e r a l R e s e r v e B a n k of R i c h m o n d
Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

Regency Bank, Richmond, Virginia, to
establish a branch on the south side of
Promenade Parkway near its intersection
with Huguenot Road, Midlothian, Virginia.'*

4-1-96

Crestar Bank MD, Bethesda, Maryland, to
acquire certain assets and assume certain
liabilities of Mellon Bank (MD), Rockville,
Maryland, and establish five branches.*

4-8-96

Triangle Bank, Raleigh, North Carolina, to
purchase certain assets and to assume the
deposit liabilities of the Scotland Neck,
North Carolina, branch of Southern Bank
and Trust Company, Mount Olive, North
Carolina.*

4-9-96

Greenwood Bank & Trust, Greenwood, South
Carolina, to establish a branch at 1601
Highway 12 Bypass NE, Greenwood, South
Carolina.*

4-15-96

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

Comment Period Ending Date

Macon Bancorp, Franklin, North Carolina, to
become a mutual bank holding company through
the acquisition of 100% of the voting shares
of Macon Savings Bank, Inc., SSB, Franklin,
North Carolina, after the latter converts
from a mutual thrift institution.*

4-7-96

National Bankshares, Inc., Blacksburg,
Virginia, to acquire 100% of the voting
shares of Bank of Tazewell County, Tazewell,
Virginia.*

4-11-96

One Valley Bancorp of West Virginia, Inc.,
Charleston, West Virginia, to acquire CSB
Financial Corporation, Lynchburg, Virginia,
and its subsidiary, Co-operative Savings Bank,
F.S.B., Lynchburg, Virginia.*

4-12-96

*Application is subject to CRA requirements.



F e d e r a l R e s e r v e B a n k of R i c h m o n d
Section II - Applications Subject to Both
Newspaper and Federal Register Notice--contd.
Application

Comment Period Ending Date

Notice of Change in Control filed by The
Torray Fund and Robert E. Torray & Co.,
Inc., Bethesda, Maryland, with respect to
Southern Financial Bankcorp, Inc., Warrenton,
Virginia.

Not yet available.

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.




Federal Reserve Ban k of Richmond
Section V - Availability of CRA Public Evaluations
Week ending March 15, 1996

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to .improve .its., overall record, nf ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date

None.




Rating

F e d e r a l R e s e r v e B ank o f 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 f o r Week E n d in g M arch 15,

1996

Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Dadeland Bank
04-10-96*
Miami, Florida
To establish an automated teller machine located in the World Trade Center at 80
S.W. 8th Street, Miami, Florida.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

First Citizens Bancorp
03-22-96*
Cleveland, Tennessee
Federal Register
To acquire The Home Bank of Tennessee, Maryville, Tennessee (in organization),
pursuant to Section 3(a)(3) of the Bank Holding Company Act. The bank will be
organized by the combination of three branches of First Citizens Bancorp's
subsidiary bank, The Home Bank, Ducktown, Tennessee, under a new bank charter.
Independent Bankshares Corporation
04-11-96*
Gallatin, Tennessee
Federal Register
To acquire Rutherford Bank and Trust, Murfreesboro, Tennessee (in organization),
pursuant to Section 3(a)(3) of the Bank Holding Company Act.
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Synovus Financial Corp.
04-01-96
Columbus, Georgia
Along with its 80.8 percent indirectly owned subsidiary, Total Systems Services,
Inc., to acquire 50 percent of Vital Processing Services, L.L.C. (location not
decided), in a joint venture, and thereby to directly engage de novo in merchant
data processing activities, pursuant to Section 4(c) (8) of the Bank Holding
Company Act and Section 225.25(b)(7) of Regulation Y. Visa U.S.A. will be the
coventurer with the remaining 50 percent ownership.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None .

*Subject to provisions of the Community Reinvestment Act.




F e d e r a l R e s e r v e B an k o f 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 f o r Week E n d in g M arch 15,

1996

Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions listed below
became available during this week.
Information about an institution's CRA
evaluation may be obtained directly from the institution. In connection with the
assessment of an institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and 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 needs
to improve its overall record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate -income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs: An institution has
a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Examination
Bank
CRA Rating
Date
First Navy Bank
Naval Air Station
Murray & Taylor Road
Pensacola, Florida 32508
(904)453-3411




Satisfactory

12-04-95

F e d e r a l R e se rv e Bank o f 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 f o r Week E n d in g M arch 15,

Recently Approved Applications

1996

Approval Date

Compass Bancshares, Inc.
03-08-96
Birmingham, Alabama
Request for waiver of the application requirement of Section 3 (a) (5) of the Bank
Holding Company Act for the proposal, along with Compass Banks of Texas, Inc.,
and Compass Bancorporation of Texas, Inc., both of Birmingham, Alabama, to merge
with Equitable Bancshares, Inc., and thereby directly acquire Equitable Bank,
Dallas, Texas, both of Dallas, Texas.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Type

Application

Branch

M&I Bank of Beloit
Beloit, Wisconsin
1805 Prairie Avenue
Beloit, Wisconsin

NP - 3-17-96

Merger/Branch

Citizens Commercial & Savings Bank
Flint, Michigan
Second National Bank of Saginaw
Saginaw, Michigan
National Bank of Royal Oak
Royal Oak, Michigan
State Bank of Standish
Standish, Michigan
Second National Bank of Bay City
Bay City, Michigan
Grayling State Bank
Grayling, Michigan
and thereby establish 39 branches

NP - 3-21-96

EFT

Bankers Trust Company
Des Moines, Iowa
Kum & Go
85 4th Street
Waukee, Iowa

NP - 3-16-96

Branch

Sparta State Bank
Sparta, Michigan
4170 17 Mile Road
Cedar Springs, Michigan
4949 Plainfield, N.E.
Plainfield, Michigan

NP - 4-5-96

Merger/Branch

Baylake Bank
Kewanee, Wisconsin
to acquire the assets and liabilities of The Bank,
Manawa, Wisconsin, & establish a branch at
431 S. Bridge Street, Manawa, Wisconsin
and at King, Wisconsin

NP - **

Y-l Notice

Newell Bancshares, Inc.
Newell, Iowa
First Community Bank
Newell, Iowa

NP - 3-21-96




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date

Type

Application

CoC-HC

Iroquois Bancorp, Inc.
Gilman, Illinois
Craig L. Campbell & Douglas L. Campbell

FR - 3-5-96
NP - 3-23-96

Y-2

Forrest Bancshares, Inc.
Forrest, Illinois
Erie Bancorp, Inc.
Erie, Illinois
Erie State Bank
Erie, Illinois*

FR - 3-11-96
NP - 3-15-96

CoC-HC

Palos Bancshares, Inc.
Palos Heights, Illinois
by Gregory J. Paetow

FR - 3-12-96
NP - 3-23-96

Y-2

Valley Ridge Financial Corporation
Kent City, Michigan
Community Bank Corporation
Grant, Michigan
Grant State Bank
Grant, Michigan*

FR - 3-15-96
NP . **

Y-2

Capitol Bancorp, Ltd.
Lansing, MI
Bank of Tucson
Tucson, Arizona (in organization)*

FR - 3-29-96
NP - 3-20-96

Y-2

LeMars Bancorporation, Inc.
LeMars, Iowa
Brunsville Bancorporation, Inc.,
Brunsville, Iowa
First State Bank
Brunsville, Iowa
Merrill Bancorporation, Inc.
Merrill, Iowa
Farmers State Bank
Merrill, Iowa*

FR - 3-29-96
NP - 3-21-96

COC-HC

Community Bancshares of Wisconsin, Inc.
Grafton, Wisconsin
by Gus J. Lukas

FR - 3-21-96
]SJP - **




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-l

Home Financial Bancorp
Spencer, Indiana
Owen Community Bank, s.b.
Spencer, Indiana*

FR - 3-29-96
jsjp _ **

Y-l

Main Street Bancorp, Inc.
Princeville, Illinois
Princeville State Bank
Princeville, Illinois*

PR _ **
NP - 4-8-96




Federal Reserve Bank of Chicago

Section III - Applications Subject to Federal Register
Notice Only

Comment Period
Ending Date

Type

Application

4(c)(8)

Midstates Bancshares, Inc.
Harlan, Iowa
to engage in acting as principal, agent or broker for
credit related insurance agency activities through its
subsidiary, Midstates Financial Services, Inc.
Harlan, Iowa

FR - 3-19-96

4(c)(8)

Midstates Bancshares, Inc.
Harlan, Iowa
to engage in trust functions and activities including
Fiduciary, agency or custodial nature and real estate
and personal property appraising through its subsidiary,
Midstates Trust and Farm Management, Inc.
Harlan, Iowa

FR

3-19-96

4(c)(8)

Home Financial Bancorp
Spencer, Indiana
to engage in making, acquiring or servicing loans or other
extensions of credit

FR

3-29-96

4(c)(8)

First Chicago NBD Corporation
Chicago, Illinois
to acquire all of the issued and outstanding capital stock of
Barrington Bancorp, Inc.
Barrington, Illinois
First Federal Savings Bank of Barrington
Barrington, Illinois

FR

3-25-96

4(c)(8)

First Chicago NBD Corporation
Chicago, Illinois
to exercise the option to acquire up to 19.9% of the currently
issued and outstanding shares of common stock of
Barrington Bancorp, Inc.
Barrington, Illinois
First Federal Savings Bank of Barrington
Barrington, Illinois

FR

3-25-96

4(c)8

Sword Financial Corporation
Horicon, Wisconsin
to engage in making and servicing loans

FR

**




Federal Reserve Bank o f Chicago

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

Type

Application
-None-

N - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
** - Not available at this time




Federal Reserve B an k o f St. Lo u is

FOR THE WEEK ENDING MARCH 15, 1996
SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE

Application

End of Comment Period

None.
SECTION H - APPLICATIONS SUBJECT TO BOTH
NEW SPAPER AND FEDERAL REGISTER NOTICE
Application

End o f Comment Period

Change in control notification involving Magnolia
Bancshares, Inc., Hodgenville, Kentucky, by Jerry
N. Clanton, M .D. (previously reported during week
ending 3-8-96).

Federal Register: 3-29-96

Change in control notification involving Shawnee
Bancshares, Inc., Grand Tower, Illinois, by Rick
Wiggs.

Not yet available

Change in control notification involving Shawnee
Bancshares, Inc., Grand Tower, Illinois, by Gary
Hileman.

Not yet available

*Section 3(a)(3) applications by BancPlus Corporation
and BancPlus Corporation ESOP, Belzoni, Mississippi,
to acquire Home Savings Bank, FSB, Meridian,
Mississippi.

Newspaper: 4-12-96

SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 4(c)(8) notification by Boatmen’s Bancshares,
Inc., St. Louis, Missouri, to acquire BIS Inc., Des Moines,
Iowa (a de novo general insurance agency).

Not yet available

SECTION I V - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application

End of Comment Period

Stock redemption notification by Sebastian Bankshares, In c .,
Barling, Arkansas, to redeem 39% of its equity.

N/A

Stock redemption notification by Shawnee Bancshares, Inc.,
Grand Tower, Illinois, to redeem 46% o f its equity.

N/A

♦This application is subject to CRA.




Federal Reserve Bank o f C h icago
Section V - A vailab ility o f C R A Public Evaluations

The following state member banks have been examined by the Federal Reserve Bank of Chicago for
compliance with the CRA. The 30-business day period the bank has to make the evaluation public has
lapsed during the week ending M arch 15, 1996. If you are interested in obtaining a copy o f the
evaluation document, please contact the bank(s) directly.
Identification of Ratings
O -

An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.

S-

An institution in this group has a satisfactory record o f ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

NI -

An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

SN -

An institution in this group has a substantial noncompliance record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

Kansas State Bank
110 North Front
P.O. Box 200
Kansas, Illinois 61933-0200
(217) 948-5191

11/27/95

S

First Bank North
101 West Stephenson Street
Freeport, Illinois 61032
(815) 235-7141

11/27/95

S




FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURE!S
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet
the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record 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 o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

FOR THE WEEK ENDING March 15, 1996

Name of Bank
Peoples Bank & Loan
Company




Bank Address
P. 0. Box 1100
Lewisville, AR 71845

Examination
Date

Examination
Rating

10/30/95

Satisfactory

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
Pioneer Bank, Mapleton, Minnesota, for prior
approval to merge with The First National
Bank of Elmore, Elmore, Minnesota, and
incident thereto, establish branches in Elmore,
Minnesota and Delavan, Minnesota.

Not yet availible

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Norbanc Group, Inc., Pine River,
Minnesota, for prior approval to directly
acquire 8.67% of the voting shares of the
Banker’s Capital Corporation, Lusk, Wyoming.*

April 15, 1996
(Federal Register)

Randall Bancorp, Inc., Pine River, Minnesota,
for prior approval to indirectly acquire 8.67% of
the voting shares of the Banker’s Capital
Corporation, Lusk, Wyoming.*

April 15, 19%
(Federal Register)

White Pine Bancorp, Inc., Pine River,
Minnesota, for prior approval to indirectly acquire
8.67% of the voting shares of the Banker’s Capital
Corporation, Lusk, Wyoming.*

April 15, 1996
(Federal Register)

International Bancorporation, Golden Valley, Minnesota,
for prior approval to acquire 100% of the voting shares
of the Northern National Bank, Nisswa, Minnesota,
a de novo bank.*

April 15, 1996
(Federal Register)

Absarokee Bancorporation, Absarokee, Montana,
for prior approval to acquire 100% of the voting
shares of the United Bank of Columbus, N.A.,
Columbus, Montana, a de novo bank.*

Not yet availible

Kenneth Erie to acquire control of 55.9% of die
voting shares of MEDR Bankshares, Inc.,
Erskine, Minnesota.

Not yet availible

*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
Wabeno Bancorporation, Inc., Wabeno,
Wisconsin, to redeem 24.0% of its voting
and nonvoting shares.
Currie Bancorporation, Inc., Currie, Minnesota,
to redeem 18.0% of its voting shares.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending March 15, 1996
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution’s CRA performance, a rating
is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low-and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
BANRIS’! EXAMINED

DATE OF EXAMINATION

CRA RATING

Citizens Bank & Trust Company
December 11, 1995
130 Mcleod Street
P.O. Box 847
Big Timber, Montana 59011-0847
(406) 932-5311

Satisfactory

December 12, 1995

Outstanding

Hand County State Bank
P.O. Box 126
Miller, South Dakota 57362
(605) 853-3051




Federal Reserve Bank of Kansas City

SEC TIO N I - APPLICATIONS SU B JEC T TO N EW SPA PER N O T IC E ONLY
APPLICATION

COMMENT PERIOD ENDING DATF.

None.
SECTIO N II - APPLICATIONS SUBJECT TO BO TH
NEW SPAPER AND FEDERAL R EG ISTER N O TIC E
APPLICATION

COMMENT PERIOD ENDING DATE

Robert S. Locke and Bruce R. Plankinton, both of
Junction City, Kansas, acting in concert to acquire an
additional 16.81 percent, for a total of 34.75 percent,
of the voting shares and 20.17 percent, for a total of
28.35, of the voting shares, respectively, of
Community Bank of Kansas, Inc., Prairire Village,
Kansas.

April 8, 1996

SECTIO N ITT - APPLICATIONS SUBJECT T O FEDERAL R E G IST E R N O T IC E ONLY
APPLICATION
St. Edward Management Company, St. Edward,
Nebraska, for prior approval to engage de novo,
through the acquisition of 29.3 percent limited
partnership interest in its subsidiary, Meadow Ridge
Apartments, Norfolk, Nebraska, in community
development activities.

COMMENT PERIOD ENDING DATF.
March 27, 1996

SECTIO N TV - A PPLICATIONS NOT SUBJECT TO FED ERA L R EG ISTER N O TIC E
OR NEW SPAPER N O TICE
APPT JCATTON

None.
SEC TIO N V - AVAILABILITY O F CRA PUBLIC EVALUATIONS
Identification of R atings
In connection with the assessment of each insured depository institution's CRA performance, a
rating is assigned from the following groups:



Federal Reserve Bank of Kansas City

Outstanding record o f m eeting community credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record 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 im prove record of m eeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncom pliance in m eeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.

Bank/Location
None.*

*Application is subject to CRA.




Exam Date

CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 11,

1996

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

APPLICATION

NOTICE EXP

♦Section 9 application received from
Cleburne State Bank, Cleburne, TX, to establish
a branch at 200 E. Hwy. 67, Alvarado, TX 76009

96/04/05

♦Section 9 application received from
United Bank & Trust, Abilene, TX, to establish
a branch at 161 West Highway 114, Grapevine, TX 76051

96/03/27

i

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

APPLICATION
♦Section 3(a)(1) application by
The Caddo Financial Corporation, Caddo Mills, TX,
to acquire The State National Bank of Caddo Mills,
Caddo Mills, TX
(Previously reported during the week of 2-19-96)
♦Section 3(a)(1) application by
Star Bancshares, Inc., Austin, TX, to acquire
Star Bancshares of Nevada, Inc., Carson City, NV, and
First State Bank, Austin, TX
(Previously reported during the week of 2-19-96)
♦Section 3(a)(1) application by
Star Bancshares of Nevada, Inc., Carson City, NV, to
acquire First State Bank, Austin, TX
(Previously reported during the week of 2-19-96)
♦Section 3(a)(1) application by
Bastrop Bancshares, Inc., Bastrop, TX, to acquire Bastrop
Holdings, Inc., Wilmington, DE, and First National Bank of
Bastrop, Bastrop, TX
(Previously reported during the week of 2-19-96)
♦Section 3(a)(1) application by
Bastrop Holdings, Inc., Wilmington, DE, to acquire
First National Bank of Bastrop, Bastrop, TX
(Previously reported during the week of 2-19-96)




NOTICE EXP

96/04/05

96/03/16

96/03/16

96/03/18

96/03/18

♦Section 3(a)(1) application by
Medina Community Bancshares of Delaware, Inc.,
Wilmington, DE, to acquire Community National Bank,
Hondo, TX

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
NOTICE ONLY

APPLICATION

NOTICE EXP

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

APPLICATION
None.*

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF MARCH 11. 1996

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
r

An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank
The Bank of Van Zandt
401 E. Hwy. 243
P.0. Box 939
Canton, TX 75103




Date of
Examination

95/12/04

CRA Rating

Outstanding

FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 3/15/96
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Refiled: Liberty Bank, South San Francisco,
Newspaper:
California, to establish a branch in the vicinity
of Highway 9 and Mill Street, Ben Lomond, California. *

2/24/96

Bank of America Nevada, Las Vegas, Nevada, to
establish an automated teller machine at 3300
Las Vegas Boulevard, South, Las Vegas, Nevada. *

Newspaper:

4/05/96

West One Bank, Idaho, Boise, Idaho, to merge
with U.S. Bank of Idaho, National Association,
Coeur D ’Alene, Idaho. *

Newspaper:

Not available

Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice

None

Section III -Applications Subject to Federal Register Only

None

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice (Cont’d.l
None

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 3/15/96
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during this
week.
Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution

Location

Examination Date

Ratina*

Ireland Bank

33 Bannock Street
Mai ad City, ID 83252-1240
(208) 766-2211

11/27/95

Outstanding

Bank of Casa Grande
Valley

1300 E. Florence Blvd.
Casa Grande, AZ 85222
(602) 836-85222

11/27/95

Satisfactory

First Utah Bank

3826 South 2300 East
Salt Lake City, UT 84109
(801) 272-9454

11/27/95

Satisfactory

♦Under the rating system an institution’s CRA performance
following
four ratings:

is assigned one of the

Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs:

A institution has a
n
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Needs to improve record of meeting community credit needs:
An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Substantial noncompliance in meeting community credit needs:

A institution has a
n
substantially deficient record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San
Francisco, and is not intended to replace formal notices required by statute or
regulation; the Reserve Bank assumes no responsibility for errors or omissions.



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