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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM RtS.ARCN Lj£f$,RY1994, No. 12 Actions of the Board, its Staff, and i I* the Federal Reserve Banks; «^ppli©afci(flrls39nd Reports Received During-the Week Ending March 19, 1994 -sEr.yra**iK Ot CUVELAND ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Regulatory and other initiatives designed to stimulate bank lending, especially to small businesses -- statement by Governor LaWare before the House Committee on Small Business. Published, March 17, 1994. BANK HOLDING COMPANIES Norwest Corporation, Minneapolis, Minnesota --to acquire Bank of Montana System, Great Falls, Montana, Bank of Montana; Montana Bancsystem, Inc., Billings, Montana, and Montana Bank; and to acquire Montana Agencies, Great Falls, Montana, and engage in insurance agency activities. Approved, March 14, 1994. ENFORCEMENT Dresdner Bank AG, Frankfurt, Germany -- issuance of cease and desist order against Gary L. Parker, a former officer of the New York branch. Announced, March 16, 1994. Mount Vernon Bancshares, Inc., Mount Vernon, Kentucky -- issuance of cease and desist order against Mount Vernon Bancshares and Jerry Ikerd and Brenda Ikerd, principal shareholders and sole directors. Announced, March 16, 1994. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC H.2 MARCH 14, 1994 PAGE 2 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC New York Chemical Bank, New York, New York --to establish branches at 25*00 Walden Avenue, Cheektowaga, New York, and at 2 Huntington Quad, Melville, New York; and to establish offsite electronic facilities at Nassau Coliseum, 1255 Hempstead Turnpike, Uniondale, New York; Grumman Corporation, 1111 Stewart Avenue, Bethpage, New York; Royal Executive Park, 4 International Drive, Ryebrook, New York; and by Choice, 2328 12th Avenue, New York, New York. Approved, March 16, 1994. Cleveland PremierBank & Trust, Elyria, Ohio --to establish a CBCT facility at 1760 Columbus Pike, Delaware, Ohio. Approved, March 16, 1994. BANK HOLDING COMPANIES Chicago Albank Corp., Chicago, Illinois -- to acquire certain assets and assume certain liabilities of the Lawrence Avenue branch of Irving Federal Bank for Savings F.S.B. Approved, March 18, 1994. Atlanta Bank Corporation of Georgia, Macon, Georgia retention of shares of Americorp, Inc., Savannah, Georgia, and Ameribank, N.A. Approved, March 18, 1994. San Francisco BWC Financial Corp., Walnut Creek, California -- to acquire BWC, Inc., and engage in mortgage brokerage activities. Returned, March 14, 1994. St. Louis Cass Commercial Corporation, St. Louis, Missouri to engage de novo through Cass Logistics, Inc., Bridgeton, Missouri, in acquiring, holding, and disposing of loans or other extensions of credit purchased from Cass Bank & Trust Company, St. Louis, Missouri. Approved, March 16, 1994. H.2 MARCH 14, 1994 PAGE 3 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES GC City National Bancshares Corporation, Jersey City, New Jersey -- request for an exemption from Regulation L to permit Douglas E. Anderson to continue to serve as a director of City National while serving as a management official at Chase Manhattan Bank, New York, New York. Granted, March 18, 1994. Minneapolis Community Investment Services, Inc*, North Branch, Minnesota ~~ to acquire A & P Bank Holding Company, Approved, March 15, 1994. Chicago FBOP Corporation, Oak Park, Illinois ~~ to purchase certain assets and assume certain liabilities of Irving Federal Bank for Savings, F.S.B., Chicago, Illinois. Approved, March 18, 1994. Chicago First Chicago Corporation, Chicago, Illinois -- to purchase certain assets and assume certain liabilities of Irving Federal Bank for Savings, F.S.B. Approved, March 18, 1994, Secretary First United Bancshares, Inc., El Dorado, Arkansas -to acquire InvestArk Bankshares, Inc., Stuttgart, First Stuttgart Bank & Trust Company, and The Bank of North Arkansas, Melbourne, Arkansas. Approved, March 15, 1994. Chicago Horizon Bancorp, Michigan City, Indiana --to act as insurance agent or broker through Horizon Insurance Group, Inc. Returned, March 17, 1994. Chicago Horizon Bancorp Employee Stock Ownership Plan, Michigan City, Indiana --to act as insurance agent or broker through Horizon Insurance Group, Inc. Returned, March 17, 1994. Boston KSB Bancorp, Inc., Kinfield, Maine -- to assume the deposit liabilities of First Federal Savings Association, Lewiston, Maine. Approved, M u c h 18, 1994. H.2 MARCH 14, 1994 PAGE 4 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Leeds Holding Company, Leeds, North Dakota --to acquire Bankers Financial Corporation, Drake, North Dakota. Approved, March 15, 1994. Kansas City Peak Banks of Colorado, Inc., Nederland, Colorado -to acquire Peak National Bank. Withdrawn, March 16, 1994. Kansas City SBT Bankshares, Inc., Colorado Springs, Colorado, proposed acquisition of State Bank and Trust of Colorado Springs. Approved, March 14, 1994. Minneapolis Vergas Bancorporation, Inc., Vergas, Minnesota -- to acquire Vergas State Bank. Approved, March 15, 1994. San Francisco Wells Fargo & Company, San Francisco, California -to acquire Wells Fargo Bank (Oregon) FSB, Portland, Oregon. Withdrawn, March 18, 1994. Dallas Western Commerce Bancshares of Carlsbad, Inc., Carlsbad, New Mexico -- to acquire Western Bancshares of Clovis, Inc. Approved, March 16, 1994. BANK MERGERS Kansas City OMNIBANK Southeast, Denver, Colorado --to merge with OMNIBANK Leetsdale and to establish branches. Approved, March 18, 1994. BANK PREMISES Chicago Bank of Burlington, Burlington, Wisconsin -investment in bank premises. Approved, March 16, 1994. Richmond F & M Bank-Winchester, Winchester, Virginia -investment in bank premises. Approved, March 17, 1994. H.2 MARCH 14, 1994 PAGE 5 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Cleveland Heartland Bank, Croton, Ohio -- investment in bank premises. Approved, March 16, 1994. Kansas City OMNIBANK Southeast, Denver, Colorado -- investment in bank premises. Approved, March 18, 1994. Cleveland Orrville Savings Bank, Orrville, Ohio -- investment in bank premises. Approved, March 14, 1994. St. Louis River Valley Bank and Trust, Lavaca, Arkansas -investment in bank premises. Approved, March 18, 1994. CAPITAL STOCK Chicago Pioneer Bancorp, Inc., Chicago, Illinois -redemption of shares. Approved, March 18, 1994. Minneapolis St. Joseph Bancshares, Inc., St. Joseph, Minnesota -redemption of shares. Approved, March 17, 1994. CHANGE IN BANK CONTROL San Francisco American Pacific Bank, Aumsville, Oregon -- change in bank control. Returned, March 15, 1994. Dallas Brady National Holding Company, Inc., Brady, Texas change in bank control. Permitted, March 14, 1994. Chicago Everly Bancorporation, Everly, Iowa -- change in bank control. Returned, March 17, 1994. Dallas Hutto State Bank, Hutto, Texas -- change in bank control. Permitted, March 18, 1994. H.2 MARCH 14, 1994 PAGE 6 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Minneapolis St. Joseph Bancshares, Inc., St. Joseph, Minnesota change in bank control. Permitted, March 17, 1994. Atlanta White Eagle Financial Group, Inc., Palm Beach Gardens, Florida -- change in bank control. Permitted, March 17, 1994. COMPETITIVE FACTORS REPORTS Kansas City Bank IV Kansas, N.A., Wichita, Kansas, proposed merger with Emprise Bank, N.A., Hutchinson, Hutchinson, Kansas -- report on competitive factors. Submitted, March 17, 1994. Kansas City Bank Midwest, N.A., Maryville, Missouri, proposed acquisition of assets and assumption of liabilities of the Picture Hills Shopping Center office of Farm and Home Savings Association, Nevada, Missouri -report on competitive factors. Submitted, March 18, 1994. Richmond Bank of Ridgeway, Ridgeway, South Carolina, proposed acquisition of certain assets and assumption of liabilities of the Blythewood, South Carolina, branch of The South Carolina National Bank, Columbia, South Carolina -- report on competitive factors. Submitted, March 17, 1994. Richmond Branch Banking and Trust Company, Wilson, North Carolina -- proposed merger with Mutual Interim Bank, Reidsville, North Carolina -- report on competitive factors. Submitted, March 16, 1994. Richmond Branch Banking and Trust Company, Wilson, North Carolina, proposed merger with Citizens Interim Bank of Mooresville, Mooresville, North Carolina -report on competitive factors. Submitted, March 16, 1994. H.2 MARCH 14, 1994 PAGE 7 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Citizens Bank, National Association, Shawano, Wisconsin, proposed merger with Farmers and Merchants Bank, Greenwood, Wisconsin -- report on competitive factors. Submitted, March 18, 1994. Richmond Citizens Savings Bank, Inc., S.S.B., Mooresville, North Carolina, proposed merger with Citizens Interim Savings and Loan Association of Mooresville, Inc. -- report on competitive factors Submitted, March 16, 1994. Minneapolis Farmers & Merchants State Bank of New Ulm, New Ulm, Minnesota, proposed purchase of the Madelia, Minnesota, branch of Heritage Bank, N.A., Willmar, Minnesota -- report on competitive factors. Submitted, March 17, 1994. Kansas City First Barnk of Hennessey, Hennessey, Oklahoma, proposed merger with The Helena National Bank, Helena, Oklahoma -- report on competitive factors. Submitted, March 14, 1994. Kansas City First Bauik of Hennessey, Hennessey, Oklahoma, proposed merger with Citizens Bank of Wakita, Wakita, Oklahoma -- report on competitive factors. Submitted, March 14, 1994. Chicago First Federal Savings Bauik of Fort Dodge, Fort Dodge Iowa, proposed merger with North Central Bancshares, M.H.C. -- report on competitive factors. Submitted, March 18, 1994. Secretary First National Bank of Boston, Boston, Massachusetts proposed merger with Mechanics Bank, Worcester, Massachusetts; Multibank West, Pittsfield, Massachusetts; and South Shore Bank, Quincy, Massachusetts -- report on competitive factors. Approved, March 14, 1994. H.2 MARCH 14, 1994 PAGE 8 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Hale County State Bank, Plainview, Texas, proposed merger with First State Bank, Tulia, Texas -report on competitive factors. Submitted, March 18, 1994. Richmond Home Savings Bank, Inc., SSB, Kings Mountain, North Carolina, proposed purchase of certain assets and assumption of the deposit liabilities of the Bessemer City, North Carolina, branch of FirstCitizens Bank & Trust Company, Raleigh, North Carolina -- report on competitive factors. Submitted, March 18, 1994. New York Irish American Bank & Trust Company, New York, New York, proposed purchase of certain assets and assumption of certain liabilities of the New York branch of The Governor and Company of the Bank of Ireland, Dublin, Ireland -- report on competitive factors. Submitted, March 16, 1994. St. Louis Mutual Savings Bank, Jefferson City, Missouri, proposal to reorganize and become a mutual holding company under the name of Mutual Bancompany, M.H.C -- report on competitive factors. Submitted, March 15, 1994. Richmond Mutual Savings Bank of Rockingham County, SSB, Reidsville, North Carolina, proposed merger with Mutual Interim Savings and Loan Associatxon, Inc. -- report on competitive factors. Submitted, March 16, 1994. Richmond NationsBank of Maryland, N.A., Bethesda, Maryland, proposed merger with Maryland National Bank, Baltimore, Maryland, and NationsBank of D.C., N.A. Washington, D.C. -- report on competitive factors. Submitted, March 14, 1994. Richmond NationsBank of Maryland, N.A., Bethesda, Maryland, proposed merger with NationsBank of Virginia, N.A. Richmond, Virginia -- report on competitive factors. Submitted, March 15, 1994. H.2 MARCH 1<», 1 9 M PAGE 9 TO MARCH 18, 199 A ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Oak Brook Bank, Oak Brook, Illinois, proposed merger with 1st Oak Brook Bank, Glenview, Illinois -report on competitive factors. Submitted, March 18, 1994. Chicago Peoples Bank of Portland, Portland, Indiana, proposed merger with Union Bank and Trust Company of Greensburg, Greensburg, Indiana -- report on competitive factors. Submitted, March 18, 1994. Kansas City Rocky Ford National Bank, Rocky Ford, Colorado, proposed merger with J.N. Beaty and Company, Bankers, Manzanola, Colorado -- report on compet it ive factors. Submitted, March 15, 1994. Kansas City State Bank of Table Rock, Table Rock, Nebraska, proposed merger with State Bank of Du Bois, Du Bois, Nebraska -- report on competitive factors. Submitted, March 18, 1994. Richmond Union National Bank of Westminster, Westminster, Maryland, proposed merger with UNB Interim National Bank -- report on competitive factors. Submitted, March 14, 1994. EXTENSIONS OF TINE San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, March 19, 1994. San Francisco BankAaerica Corporation, San Francisco, California -extension to divest certain property. Granted, March 16, 1994. Philadelphia Berks County Bank, Reading, Pennsylvania -- extension to December 3, 1994, to establish a branch at 2220 State Hill Road, Wyomissing Hills Borough, Pennsylvania. Granted, March 16, 1994. H.2 MARCH 14, 1994 PAGE 10 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -extension to June 14, 1994, to engage de novo in trading, for its own account, in options and futures contracts through DKB Securities Corporation, New York, New York. Granted, March 14, 1994. Chicago LaSalle National Corporation, Chicago, Illinois; ABN AMRO North America, Inc., Chicago; ABN AMRO Bank N .V. ,ABN AMRO Holdings N.V., Stichting Prioriteit ABN AMRO Holding, and Stichting ABN AMRO Holding, all in Amsterdam, The Netherlands; and LaSalle Bank Northbrook, Northbrook, Illinois -- extension to June 15, 1994, to acquire certain assets and assume certain liabilities of the Buffalo Grove, Libertyville, Mundelein, Skokie, Northbrook, and Palatine branches of LaSalle Talman Bank, F.S.B., Chicago, Illinois. Granted, March 16, 1994. INTERNATIONAL OPERATIONS New York Republic International Bank of New York, Miami, Florida - - t o establish a branch in Georgetown, Grand Cayman, Cayman Islands, British West Indies. Approved, March 17, 1994. MEMBERSHIP St. Louis First State Bank of Arkansas, Wynne, Arkansas --t o become a member of the Federal Reserve System. Approved, March 17, 1994. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Cleveland -- to acquire equipment for check processing operations. Approved, March 18, 1994. Director, FRBO Federal Reserve Bank of San Frameisco -- second floor renovation of Portlamd Branch Building. Approved, March 15, 1994. H.2 MARCH 14, 1994 PAGE 11 TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of New York -- consolidation of noncash collection functions at the Federal Reserve Bank of Cleveland; elimination of the District unique time item service; and continuation of current arrangement with the New York Clearing House for fine sort items received from the Chicago, Cleveland, and Jacksonville Offices. Approved, March 15, 1994. Director, FRBO Federal Reserve Bank of San Francisco --to modify the weekend deposit products at the Salt Lake City and Seattle Branches. Approved, March 17, 1994. H.2 MARCH 14, 1994 PAGE 12 ADDITIONS AND CORRECTIONS TO MARCH 18, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Bank Holding Company Report Forms -- FR Y-9C, FR Y-9LP, and FR Y-9SP, with revisions; and FR Y-9CS, without revision, with extension through December 1996. Proposed, December 10, 1993. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Richmond Citizens Bank of Virginia, Arlington, Virginia -- to establish a branch at 8150 Leesburg Pike, Vienna, Virginia. Approved, March 11, 1994. Cleveland Provident Bank, Cincinnati, Ohio - - t o establish CBCT facilities in Thriftway Supermarkets at 10180 Coltrain Avenue and 11390 Montgomery Road. Approved, March 11, 1994. BANK HOLDING COMPANIES Kansas City Meadows Enterprises, A Limited Partnership, Burns Flat, Oklahoma - - t o acquire shares of Southwest State Corporation, Sentinel, Oklahoma; Wichita Bancshares, Inc., Snyder, Oklahoma; and Washita Bancshares, Inc., Burns Flat, Oklahoma. Approved, March 11, 1994. BANK MERGERS Atlanta 1st United Bank, Boca Raton, Florida --t o merge with Suburban Bank, Lake Worth, Florida. Approved, March 9, 1994. H.2 MARCH 14, 1994 PAGE 13 ADDITIONS AND CORRECTIONS TO MARCH 18, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston Franklin Lamoille Bank, St. Albans, Vermont, proposed acquisition of certain assets and assumption of certain liabilities of the Enosburg Falls, Vermont, branch of The Howard Bank, National Association, Burlington, Vermont -- report on competitive factors. Submitted, March 11, 1994. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Cambridgeport Mutual Newspaper Holding Company, Cambridge, Massachusetts - 3( a ) (1)/ Federal Register 3(a ) (3) application to become a bank holding company through the acquisition of Cambridgeport Savings Bank, Cambridge, Massachusetts and 5.6% of Cambridge Bancorp, Cambridge, Massachusetts* 03-28-94 Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY 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: "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___________ Chemical Bank, New York, New York, to establish an offsite electronic facility at the Bronx Zoo, Bronx, New York.l 4/15/94 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Creditanstalt-Bankverein, Vienna, Austria, to engage de novo through its subsidiary, Creditanstalt Corporate Finance, Inc., Westport, Connecticut, in acquiring or servicing loans or other extensions of credit, for its own account or for the account of others, such as would be made by a commercial finance company. 3/31/94 The Long-Term Credit Bank of Japan, Limited, Tokyo, Japan to engage de novo through its subsidiary Capstar Partners, Inc., in leasing tangible personal property , or acting as agent, broker, or adviser in leasing such property, in which the lessor relies on an estimated residual value of the property in excess of 25 percent of the acquisition cost. 3/31/94 SECTION IV Applications Not Involving ______ Public Comment______ None. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending March 19, 1994 NAME OF BANK RATING 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. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available Federal Reserve Bank of Chicago Section III - Amplications Subject to Federal Register Notice Only (Continued) Type Application Y-4 First Waukegan Corporation Gurnee, Illinois Hometown Finance Corporation Glenview, Illinois ■ Comment Period Endincr Date FR - ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Everly Bancorporation Everly, Iowa Purchase 363 shares of stock from John E. Goodenow and member of his family RoS Geneva Bancshares, Inc. Geneva, Illinois Purchase up to 5.4 percent of its outstanding shares of common stock RoS Spring Bancorp, Inc. Springfield, Illinois Redeem 175,155 shares of its common stock N - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act * * - Not available at this time Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending March 26, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received OAKAR application from Northwest Bancorp, MHC, Warren, Pennsylvania, on March 16, 1994, to acquire 51 percent of the outstanding stock of Northwest Savings Bank, Warren, Pennsylvania. * Not Yet Known # Received OAKAR application from Fifth Third * April 23, 1994 Bancorp, Cincinnati, Ohio, on March 24, 1994, to acquire The Cumberland Federal Savings Bank, Louisville, Kentucky, and merge it into The Fifth Third of Central Kentucky, Inc., Lexington, Kentucky. Receiued application from The Fifth Third Bank of Central Kentucky, Inc. (to be renamed Fifth Third Bank of Kentucky, Inc.), Lexington, Kentucky, on March 24, 1994, for permission to become a member of the Federal Reserve System. Received Section 18(c) application from The Fifth Third Bank of Central Kentucky, Inc., Lexington, Kentucky, on March 24, 1994, to merge with The Cumberland Federal Savings Bank, Louisville, Kentucky. April 23, 1994 * April 23, 1994 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a) (3) application from * N : April 21, 1994 First Bancorporation of Ohio, Akron, Ohio, on March 21, 1994, to acquire Peoples National Bank, Wooster, Ohio (now known as Peoples Federal Savings Bank). Received Section 3(a) (1) application from Ohio State Bancshares, Inc., Marion, Ohio, on March 18, 1994, to acquire The Marion Bank, Marion, Ohio. * N F # - *F: April Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. , 1994 Applications Bulletin For Week Ending March 26, 1994 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 4 ( c ) (8) application from * Not Yet Known # Mellon Bank Corporation, Pittsburgh, Pennsylvania, on January 3, 1994, to acquire Dreyfus Security Savings Bank, FSB, Paramus, New Jersey, and Dreyfus Trust Company, Uniondale, New York. Received Section 3(a) (1) application from * N : April 23, 1994 Fifth Third Kentucky Bank Holding Company, Louisville, Kentucky, on March 24, 1994, to acquire The Fifth Third Bank of Central Kentucky, Inc., Lexington, Kentucky. Received Section 4 ( c ) (8) application from * N : April 23, 1994 Fifth Third Bancorp, Cincinnati, Ohio, and Fifth Third Kentucky Bank Holding Company (in formation), Louisville, Kentucky, on March 24, 1994, to acquire The Cumberland Federal Bancorporation, Inc., Louisville, Kentucky. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 (c) (8) application from Mellon Not Yet Known # Bank Corporation, Pittsburgh, Pennsylvania, on February 7, 1994, to acquire The Truepenney Corporation, The Trotwood Corporation, The Trotwood Hunters Site A Corporation, The Trustwood Hunters Corporation, and Dreyfus Realty Advisors, Inc., all located in New York, New York. Received Section 4 ( c ) (8) notification from First April 19, 1994 Commonwealth Financial Corporation, Indiana, Pennsylvania, on March 21, 1994, of its intent to directly engage de novo in the permissible non-banking activity of "making and serving loans" pursuant to Section 225.25(b)(1) of Regulation Y. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request from Security Dollar Bank, Niles, Ohio, on March 21, 1994, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve A c t . AVAILABILITY OF CRA PUBLIC EVALUATIONS (March 25, 1994) The following state member banks have been examined by the Federal Reserve Bank of Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended March 25, 1994. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date NationsBank Corporation, Charlotte, North Carolina, to have its subsidiaries, NationsBank of Florida, N.A. Tampa, Florida, and NationsBank of Georgia, N.A., Atlanta, Georgia, acquire branches of California Federal Bank, F.S.B., Los Angeles, California.* 4-10-94 F&M Bank-Winchester, Winchester, Virginia, to establish a branch at 6701 Northwestern Pike (Route 50 West), Gore, Virginia.* 4-14-94 F & M Bank-Winchester, Winchester, Virginia, to establish an Electronic Funds Transfer Facility at 1850 Apple Blossom Drive, Winchester, Virginia.* 4-15-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Commonwealth Community Bancorp, Inc., Grundy, Virginia, to become a bank holding company through the acquisition of Miners and Merchants Bank and Trust Company, Grundy, Virginia.* 4-16-94 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Community Bancshares, Inc., North Wilkesboro, North Carolina, to acquire 20% of the voting shares of Community Mortgage Corporation of North Carolina, Statesville, North Carolina. 3-28-94** Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application NationsBank of North Carolina, N.A., Charlotte, North Carolina, to establish a branch in Singapore. *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending March 18, 1994 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating Bank of Ripley 108 North Church Street Ripley, West Virginia 25271 12-28-94 Satisfactory Citizens Bank and Trust Company 126 South Main Street Blackstone, Virginia 23824 12-29-93 Satisfactory Sterling Bank & Trust Co. Ill Water Street Baltimore, Maryland 21202 12-29-93 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 18. 1994 Section 1 - Applications Subject to Newspaper Notice OnlyApplication Comment Period Ending Date Bank of Naples Naples, Florida To establish a branch located at 102 NE Copeland Avenue, Everglades City, Florida. 03-21-94* Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Alabama Bancshares, Inc. Not yet available* Birmingham, Alabama To merge with First Fayette Bancshares, Inc., Fayette, Alabama, and thereby directly acquire First Bank of Fayette, Fayette, Alabama, pursuant to Section 3 (a)(5) of the Bank Holding Company A c t . Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date First National Sylacauga Corporation Not yet available Sy1acauga, Alabama To engage de novo in credit-related insurance agency and underwriting a ctivities, through its proposed nonbank subsidiary, Frontier Financial Services, Inc., Sylacauga, Alabama, pursuant to Section 225.25(b)(8)(i) and (ii) of Regulation Y. Pickens County Bancshares, Inc. Not yet available Reform, Alabama After-the-fact notice to retain its subsidiary, WAB&T Financial Services, Inc., Reform, Alabama, which commenced engaging de novo in insurance agency and underwriting activities, pursuant to Section 225.25(b)(8) (iii)(A) of Regulation Y, and in providing securities brokerage services, and related securities credit activities, pursuant to Section 225.25(b)(15) of Regulation Y. ♦Subject to provisions of the Community Reinvestment Act. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 18, 1994 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: 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 lowand 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 None. Rating Date Federal Reserve Bank of Chicago Section I - Applications Subject to Newsoaoer Notice Only Comment Period Ending Date Type Application Branch First Bank North Freeport, Illinois 3957 N. Mulford Road Rockford, Illinois* N - 3-17-94 Branch Old Kent Bank - Southwest Kalamazoo, Michigan 3510 West Centre Street Portage, Michigan* N - 3-20-94 Branch (Reg K) The First National Bank of Chicago Chicago, Illinois Establish a branch in Sydney, Australia* N - ** Membersh ip Continental Bank, National Association Chicago, Illinois To become a member of the Federal Reserve System* N - ** Members'll LD Cedar Valley State Bank St. Ansgar, Iowa To become a member of the Federal Reserve Svstem* N - ** Merger/3. ranch Chemical Bank and Trust Company Midland, Michigan Edenvi 11 e, Michigan branch of First of America Mid-Michigan, National Association, Bay City, Michigan 5777 M-30,- Tobacco Township Edenville, Michigan* N - ** Dakar Citizens Trust and Savings Bank South Haven, Michigan South Haven Branch of Great Lakes Bancorp, South Haven, Michigan* N - ** 3 ranch NBD Bank, National Association N Detroit, Michigan Establish a branch at Adelaide, Australia* - ** Branch N NBD Bank, National Association Detroit, Mi ch igan Establish a branch at Melbourne, Australia* ** Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only (continued) Type A p plication Branch NBD Bank, National Association Detroit, Michigan Establish a branch at Sydney, Australia* Comment Period Ending Date N - ** Federal Reserve Bank of Chicago Section II - Applications Subject Co Both Newspaper and Federal Register Notice Comment Period Ending Dat.p Type Application CoC-HC Independence Bancshares, Inc. FR - 3-17-94 Independence, Iowa N - 3-14-94 J. L. Blin; Baywater Properties; W. Crees; C. Fritz; V. Hoffman; W. Kuehn; G. Short; and H. Short CoC-HC First State Bancorporation FR -3-17-94 Independence, Iowa NP - 3-14-94 J. L. Blin; Baywater Properties; W. Crees; C. Fritz; V. Hoffman; W. Kuehn; G. Short; and H. Short Y-2 Marquette National Corporation Chicago, Illinois Orland State Bank Orland Park, Illinois* FR - 4-1-94 N - ** Y-2 Old Kent Financial Corporation Grand Rapids, Michigan Edgemark Financial Corporation Chicago, Illinois Edgemark Bank-Lombard Lombard, Illinois Edgemark Bank -Rc serr.ont Rosemont, Illinois Edgewood Bank Countryside, Illinois First National Eank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois* FR - 2-25-94 N - 3-16-94 Y-2 Old Kent-Illinois, Inc. Elmhurst, Illinois Edgemark Financial Corporation Chicago, Illinois Edgemark Bank-Lombard Lombard, Illinois Edgemark Bank-Rosemont Rosemont, Illinois Edgewood Bank Countryside, Illinois First National Bank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois* FR - 2-25-94 N - 3-16-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Avolication COC-HC Withee Bank Shares, Inc. Wi thee, Wi scons in Walter E. 01 lech FR - 4-4-94 N - 3-25-94 Y-2 Ida Grove Bancshares, Inc. Ida Grove, Iowa P.S.B. Bancorporation West Des Moines, Iowa Liberty Bank & Trust Odebolt, Iowa* FR - 3-18-94 N - 4-2-94 y -2 LSBancorp, Inc. LaSalle, Illinois Community Bank of Utica Utica, Illinois* FR - 3-18-94 N - 3-3-94 v. i Hancock Bancorp, Inc. Plymouth, Illinois Community State Bank of Plymouth Plymouth, Illinois* FR - 3-18-94 N _ ★★ Y-l Northwest Indiana Bancorp Munster, Indiana Peoples 3ank SB Munster, Indiana* FR - 3-18-94 - 3-7-94 N Y-2 (100%) First Chicago Corporation Chicago, Illinois Lake Shore Bancorp, Inc. Chicago, Illinois Bank of Hinsdale Hinsdale, Illinois Lake Shore National Bank Chicago, Illinois* FR - 4-4-94 N - 3-30-94 Y-2 (16.6%) First Chicago Corporation Chicago, Illinois Lake Shore Bancorp, Inc. Chicago, Illinois Bank of Hinsdale Hinsdale, Illinois Lake Shore National Bank Chicago, Illinois* FR - 4-4-94 N - 3-30-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Tyt>e Application CoC-HC Veedersburg Bank Corp. Veedersburg, Indiana Stephen A . Songer FR - 3-31-94 N - ** Y-2 First Chicago Corporation Chicago, Illinois Hampton Park Corporation Romeoville, Illinois Oxford Bank Romeoville, Illinois* FR - 4-4-94 N - 3-30-94 CoC-HC Blanchardville Financial Services, Inc. Blanchardville, Wisconsin Frederick F. Reinhardt FR - 4-7-94 N - 3-23-94 Y-l First Ozaukee Capital Corp. Cedarburg, Wisconsin First Ozaukee Savings Bank Cedarburg, Wisconsin* FR - ** N - ** CoC-HC Illinois Valley Bancorp, Inc. Morris, Illinois Ronald L. Wohlwend, Ronald L. Wohlwend, Trustee, Jack Lewis Trust UTA DTD, Catherine Lewis Trust UTA DTA Y-l Antioch Bancshares, Inc. Employee Savings and Stock Ownership Antioch, Illinois Antioch Bancshares, Inc. Antioch, Illinois* Y-l TSB Financial, Inc. Tremont, Illinois Tremont Savings Bank Tremont, Illinois* FR - 2-1-94 N _ ** • FR - 2-11-94 N - 3-15-94 FR - ** N - ** CoC-HC Banklllinois Financial Co. FR - 3-23-94 Champaign, Illinois NP - 2-14-94 Van A. Dukeman; David J. Downey, George T. Shapland & Gregory B. Lykins CoC-HC North Salem State Bancorporation North Salem, Indiana Robert Porter FR N ★★ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Continent Period Ending Date Tym Avvlication CoC-HC Peoples Bancorp, Inc. Prairie du Chien, Wisconsin Thomas Farrell FR - ** N . ** Y-l Bellevue State Bank Employee Stock Ownership Plan Bellevue, Iowa Bellevue Service Company Bellevue, Iowa Bellevue State Bank Bellevue, Iowa* FR - ** N . ** Federal Reserve Bank of Chicago Section III - Aoolications Subiect to Federal Recrister Notice Onlv Comment Period Endinq Date Twe Application 4 (c) (8) AmBank Company, Inc. FR - 3-14-94 Sioux Center, Iowa Perform real estate appraisal services thru Northwest Appraisal Services Sioux Center, Iowa 4 (c) (8) Cleveland Development Bancorporation Chicago, Illinois CDB Development Co. Chicago, Illinois FR - ** 4 (C) Cleveland Development Bancorporation Chicago, Illinois Cleveland Enterprises Group Chicago, Illinois FR - ** 4 (c) (8) Shorebank Bancorporation Chicago, Illinois CDB Development Co. Chicago, Illinois FR - ** 4 (C) (8) Shorebank Bancorporation Chicago, Illinois Cleveland Enterprises Group Chicago, Illinois FR - ** 4(c) (8) First Midwest Corporation of Delaware Elmwood Park, Illinois Midwest Trust Services, Inc. Elmwood Park, Illinois FR - 3-14-94 4 (8) (C) (8) Y-4 Old Kent Financial Corporation FR - 3-31-94 Grand Rapids, Michigan CDC- -invest in low income housing projects First Chicago Corporation Chicago, Illinois Section 20--First Chicago Capital Markets, Inc. Chicacro. Illinois- -enaaae de novo in the business of underwriting and dealing in debt securities FR - 3-16-94 Federal Reserve Bank of Chicago Section III - Apdications Subiect to Federal Register Notice Only (Continued) Comment Period Endincr Date Zype Application Y-4 First Colonial Bankshares Corporation Chicago, Illinois First Colonial Investment Services Elmhurst, Illinois FR - 4-11-94 4 (c) (8) First Ozaukee Capital Corp. Cedarburg, Wisconsin Engage in making, acquiring or servicing loans FR - ** Y-4 Heartland Financial USA, Inc. Dubuque, Iowa Keokuk Bancshares, Inc. Keokuk, Iowa First Community Bank, A Federal Savings Bank Keokuk, Iowa FR - 4-14-94 4 (c) (8) Horizon Bancorp Michigan City, Indiana Horizon Insurance Group, Inc. Michigan City, Indiana--act as insurance agent or broker FR - 4-7-94 4 (C: (8) Horizon Bancorp Employee Stock Ownership Plan Michigan City, Indiana Horizon Insurance Group, Inc. Michigan City, Indiana--act as insurance agent or broker FR - 4-7-94 Y-4 Northern Trust Corporation Chicago, Illinois Hazlehurst & Associates, Inc. Atlanta, Georgia FR - 4-6-94 Y-4 Kerndt Bank Services, Inc. Lansing, Iowa Peters Insurance Agency Lansing, Iowa FR - ** 4 (c) (8) Valley Financial Corp. Ca ro, Mi chi gan Engage in the sale of general insurance FR - ** FEDERAL RESERVE BANK OF PHILADELPHIA SECTION X - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date The Bank of Mid-Jersey. Bordentown, NJ requests prior approval to merge with Mount Holly State Bank, Mounty Holly, NJ, pursuant to Section 18(c) of the FDI Act and Sections 9 and 24A of the Federal Reserve Act. Newspaper Comment Period expires: 4/12/94 First Capitol Bank. York, PA to establish a branch office to be located at 49 East Market Street, York, PA, pursuant to Section 9 of the Federal Reserve Act. Expedited branch procedures. Newspaper Comment Period expires: 4/12/94 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Meridian Bancorp. Inc.. Reading, PA requests approval to acquire 100% of McGlinn Capital Management, Inc., Wyomissing, PA, pursuant to Section 4(c)(8) of the BHC Act. Fed. Reg. comment period expires: N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending March 18. 1994. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and mode rate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location First Sterling Bank 80 West Lancaster Ave. Devon, PA 19333 Examination Pate 10/12/93 CRA Rating Satisfactory AVAILABILITY OF CRA PUBLIC EVALUATIONS REVISED The following state member banks have been examined b y the Federal Reserve Bank of Chicago for compliance with the CRA. The 3 0 -business day period the bank has to make the evaluation public has lapsed during the week ending March 4, 1994. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratincrs O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. b a ::k NAME/LOCATION EXAMINATION DATE RATINGS -Citizens First State Bank of Walnut 1C5 North Main Street Bex 579 Walnut, Illinois 61376-0579 (515) 379-2141 11/22/93 S -Evergreen State Bank 602 Main Street Poysippi, Wisconsin (414) 987-5131 11/10/94 S 11/22/93 S 54967 -Farmers State Bank 301 East Saginaw Street, Box 186 Breckenridge, Michigan 48615 (517) 842-3191 AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have bean examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 3 0 -business day period the bank has to make the evaluation public has lapsed during the week ending March 18, 1994. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratincrs O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SIJ-An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION -Harris Bank, St. Charles One East Main Saint Charles, Illinois (708) 377-4100 EXAMINATION DATE RATINGS 6C174 l/29/i S -Garrett State Bank 120 West King Street, Box 29 Garrett, Indiana 46738-0029 (219) 357-3133 12/06/93 S -Royal American Bank 1604 Colonial Parkway Inverness, Illinois 60067-4725 (708) 202-8300 12/06/93 s -Green Lake State Bank 515 Hill Street, Box 186 Green Lake, Wisconsin 54941 (414) 294-3369 11/22/93 s Federal Reserve Bank of St. Louis FOR THE VEER ENDING MARCH 18, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period Application None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Section 3(a)(3) application by CNB Bancshares, Inc., Evansville, Indiana, to acquire Oakland City Bancshares, Corp., Oakland City, Indiana. Newspaper: 4-8-94 Section 3(a)(1) application by OCB Acquisition Corp., Evansville, Indiana, to acquire Citizens National Bank of Evansville, Evansville, Indiana. Newspaper: 4-8-94 Section 3(a)(1) application by Community Corporation, Cannelton, Indiana, to acquire First National Bank of Perry County, Cannelton, Indiana. Newspaper: 4-16-94 Section 3(a)(1) application by CBC Bancshares, Inc., Collierville, Tennessee, to acquire Citizens Bank of Collierville, Collierville, Tennessee. Newspaper: 4-9-94 Section 3(a)(1) application by The Templar Fund, Inc. (and its second-tier subsidiary, Truman Bancorporation Inc.), Brentwood, Missouri, to acquire U.S. National Bank of Clayton, St. Louis, Missouri. Newspaper: 4-17-94 Section 3(a)(1) application by Prescott Bancshares, Inc., Prescott, Arkansas, to acquire First State Holding Company of Prescott, Prescott, Arkansas. 4-18-94 Newspaper: SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Country Bancorp, Inc., Litchfield, Illinois, to engage de novo in the sale of fixed rate annuity products. Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None. This application is subject to CRA. End of Comment Period FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f meeting com m unity 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 itsresources and capabilities. Satisfactory record o f m eeting com m unity 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 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 Name of Bank March 18, 1994 Bank Address River Valley Bank and Trust P. 0. Box 110 Lavaca, Arkansas Fayette County Bank P. 0. Box 38 St. Elmo, Illinois Examination Date Examination Rating 11-29-93 Satisfactory 12-13-93 Satisfactory 72941 62458 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 Tyson Corporation Minneapolis, MN To acquire through merger 100% of the voting shares of the Royalton Bancshares, Inc., Royalton, MN* 4-19-94 (Newspaper) First Sleepy Eye Bancorporation, Inc., Sioux Falls, SD To acquire 100% of the voting share of the First Security Bank of Benson Benson, MN* Not yet available Application Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Lake Park Bancshares, Inc., Lake Park, MN To engage de novo in making and servicing loans.* 3-25-94 (Federal Register) Norwest Corporation Minneapolis, MN Title insurance agency activities through the acquisition of a joint venture, Title Network Agency, Buffalo, NY Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application NONE ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending March 18, 1994 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institutions 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. BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING Faulk County State Bank P. 0. Box 248 Faulkton, SD 57438-0248 (605) 598-6211 December 14, 1993 Satisfactory Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE No n e . SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE First National Bank Shares, Ltd., Great Bend, Kansas, for prior approval to acquire 98.38 percent of Missouri Bank and Trust Company of Kansas City, Kansas City, Missouri, as a result of its merger with Urban Bancshares, Inc., Kansas City, Missouri.* Not Available Commercial National Bancshares of Ainsworth, Ainsworth, Nebraska, for prior approval to acquire 100 percent of the voting shares of The First National Bank, Springview, Nebraska.* Not Available Farmers State Bank of Hardtner ESOP, Hardtner, Kansas, for prior approval to become a bank holding company through the acquisition of 50.002 percent of the voting shares of B-K Agency, Inc., Hardtner, Kansas.* Not Available Citizens State Bancshares, Inc., Wichita, Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Citizens State Bank of Cheney, Cheney, Kansas.* Not Available Community First Bancorp, Inc., Denver, Colorado, for prior approval to acquire 80 percent of Buffalo Bancshares, Inc., Buffalo, Wyoming.* Not Available United Nebraska Financial Co., Grand Island, Nebraska, for prior approval to acquire 100 percent of the voting shares of United Nebraska Bank, Grand Island, Nebraska.* Not Available Federal Reserve Bank of Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE No n e . SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depositoryinstitution'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 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. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. CRA Rating Bank/Location Exam Date CRA Public Date Bank of Laramie P.O. Box 1027 Laramie, Wyoming 12-06-93 03-14-94 Outstanding 12-06-93 03-14-94 Satisfactory- 12-06-93 03-16-94 Satisfactory 03-16-94 Satisfactory 03-17-94 Outstanding 82070-1027 Farmers State Bank 103 East Third Pine Bluffs, Wyoming 82082 State Bank & Trust Co. P.O. Box 2077 Colorado Springs, Colorado Clayton State Bank P.O. Box 580 Clayton, Oklahoma 74536 80901 12-13-93 Citizens State Bank in Galena 12-13-93 215 East 7th Galena, Kansas 66739-1230 *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 14, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 9 application received from Central Bank, Garland, TX, to establish a branch at 8585 South Gessner, Houston, TX 77074 94/04/09 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by William D. Grave, Dallas, TX, to acquire an interest in Texas Community Bancshares, Inc., Dallas, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) de novo notification by Baylor Bancshares, Inc., Seymour, TX, to engage in making, acquiring, or servicing loans for itself or for others and engage in loan marketing and advisory services through Baylor Mortgage Company, Inc., Seymour, TX (will expand activities to include all of the state of Texas) (Previously reported during the week of 2-14-94) Section 4(c)(8) de novo notification by Winn Bancshares, Inc., Winnfield, LA, to engage in the distribution of credit life insurance income generated from loans originated by First Community Bank, Winnfield, LA (Previously reported during the week of 2-14-94) Section 4(c)(8) de novo notification by First Community Bancshares, Inc., Winnfield, LA, to engage in the distribution of credit life insurance income generated from loans originated by First Community Bank, Winnfield, LA (Previously reported during the week of 2-14-94) NOTICE EXP 94/03/21 94/03/14 94/03/14 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL RE6ISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Section 5(a) of the Bank Service Corporation Act by Sulphur Springs State Bank, Sulphur Springs, TX, to provide loan review, compliance review, and internal audit services through IBS, L.C., Longview, TX, a Texas limited liability company * 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 14. 1994 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Date of Examination The Security State Bank of Pecos 115 W. Third Street P. 0. Box 2037 Pecos, TX 79772 93/10/12 CRA Ratinq Needs to Improve FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/18/94 Section I - Applications Subject to Newspaper Notice Only A d p Iication Comment Period Ending Date Tehama County Bank, Red Bluff, California, to establish a branch office at 2025 Pillsbury Road, Chico, California. * Newspaper: 4/16/94 The Sun City Bank, Sun City, Arizona, to merge with First National Bank of Arizona, Phoenix, Arizona. * Newspaper: Not available The Sun City Bank, Sun City, Arizona, to establish a branch office at 19202 R.H. Johnson Boulevard, Sun City West, Arizona. * Newsoaoe: Not available Section II - Applications Subject to Both Newspaper and Federal Register Notice NBT Northwest Bancorp, Tukwila, Washington, to become a bank holding company by acquiring National Bank of Tukwila, Tukwila, Washington. * Newspaper: 3/26/94 Fed. Reg.: 4/04/94 Section III - Applications Sub.iect to Federal Register Notice Only BankAmerica Corporation, San Francisco, California, to engage in executing and clearing, and clearing without executing, futures on options on certain non-financial commodities, through BA Futures, Inc., Chicago, Illinois. Fed. Reg.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.l Week Ending 3/18/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending March 18, 1994. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location CiviBank of Commerce 2101 Webster St. Oakland CA 94612 (510) 836-6500 11/29/93 Satisfactory The Bank of San Ramon Valley 2821 Crow Canyon Rd. San Ramon, CA 94583 (510) 820-2555 11/29/93 Outstanding Liberty Bank 500 Linden Avenue 12/06/93 South San Francisco, CA (415) 871-2400 Examination Date Rating* Needs to Improve *Under the rating system an institution's CRA performance is assigned one of the following four ratings: 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. Outstanding record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities.