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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1997, NO. 12
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending March 22, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Current economic situation -- statement by Chairman
Greenspan before the Joint Economic Committee,
March 20, 1997.
Published, March 20, 1997.
Supervision of our nation's banking organizations
should they be authorized to engage in a wider
range of activities -- statement by Chairman
Greenspan before the Subcommittee on Capital
Markets Securities and Government Sponsored
Enterprises of the House Committee on Banking and
Financial Services, March 19, 1997.
Published, March 19, 1997.
Section 20 firewalls modifications -- statement by
Governor Phillips before the Subcommittee on
Financial Institutions and Regulatory Relief of the
Senate Committee on Banking, Housing, and Urban
Affairs, March 20, 1997.
Published, March 20, 1997.
BANK HOLDING COMPANIES




AMCCRE Financial, Inc., Rockford, Illinois -- to
acquire First National Bancorp, Inc., Monroe,
Illinois, and First National Bank & Trust.
Approved, March 17, 1997.

Keystone Financial, Inc., Harrisburg, Pennsylvania -determination that no notice under the Bank Holding
Company Act is required for the proposed
acquisition of a savings association by a national
bank controlled by a bank holding company.
Granted, March 18, 1997.

H.
2
MARCH 17, 1997
PAGE 2

TO

MARCH 21, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES

Stichting Prioiteit ABN Holding, Amsterdam, The
Netherlands -- to acquire certain parts of the
future businesses of Citicorp Futures Corporation,
New York, New York; CitiFutures Limited, London,
England; and Citicorp Futures Limited, Singapore.
Permitted, March 17, 1997.
Westamerica Bancorporation, San Rafael, California -to acquire ValliCorp Holdings, Inc., Fresno,
California.
Approved, March 19, 1997.
INTERNATIONAL OPERATIONS
Foreign bank applications to establish offices in the
United States -- delegation to the Chairman of the
Committee on Supervisory and Regulatory Affairs to
extend the 180-day period for final action (Docket
R-0968).
Approved, March 22, 1997.
SunTrust Bank, Atlanta, Georgia - - t o establish and
hold all the shares of SunTrust International
Banking Company, which will hold the shares of
SunTrust Asia, Ltd., Hong Kong, a subsidiary
engaging in issuing letters of credit.
Approved, March 17, 1997.
REGULATIONS AND POLICIES

Regulation H -- request for comment on proposed
amendments to revise, update, and reorganize the
regulation.
Approved, March 17, 1997.
Regulation I -- request for comment on proposed
revisions to simplify and update regulation and
reduce regulatory burden.
Approved, March 18, 1997.
Regulation P -- removal of regulation and
incorporation of its provisions into Regulation H.
Approved, March 18, 1997.
RESERVE BANK SERVICES




Pricing Guidelines -- guidelines for volume-based fee
structures, and adoption of volume-based fees for
originators of ACH transactions.
Approved, March 19, 1997.

H.
2
MARCH 17, 1997
PAGE 3

TO

MARCH 21, 1997

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




New York

Chase Manhattan Bank, New York, New York - - t o
establish a branch at CIBA Specialty Chemicals,
540 White Plains Road, Tarrytown, New York.
Approved, March 17, 1997.

Chicago

Comerica Bank, Detroit, Michigan - - t o establish a
branch at 670 Highland Avenue, Milford, Michigan.
Approved, March 21, 1997.

Chicago

Comerica Bank, Detroit, Michigan -- to establish a
branch at 50 Douglas, Holland, Michigan.
Approved, March 21, 1997.

Atlanta

First Community Bank, Orange City, Florida - - t o
establish a branch at 21 South Highway 17/92.
Returned, March 20, 1997.

Chicago

M&I Bank Fox Valley, Appleton, Wisconsin-- to
establish a limited purpose branch in the Grand
Cayman, Cayman Islands, B.W.I.
Approved, March 21, 1997.

H. 2
MARCH 17,
PAGE 4

1997

TO

MARCH 21,

1997

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

BANK BRANCHES. DOMESTIC
Richmond

Southern Financial Bank, Warrenton, Virginia -- to
establish a branch at 4021 University Drive,
Fairfax, Virginia.
Approved, March 17, 1997.

BANK HOLDING COMPANIES




Dallas

A.N.B. Holding Company, Ltd., Terrell, Texas -- to
acquire ANB Corporation, ANB Delaware Corporation,
and American National Bank of Terrell.
Approved, March 20, 1997.

Boston

Bank of Boston Corporation, Boston, Massachusetts,
and BayBanks, Inc., Boston, Massachusetts -- to
acquire BankBoston (NH), National Association,
Nashua, New Hampshire.
Approved, March 21, 1997.

St. Louis

Bolivar Bancshares, Inc., Bolivar, Missouri -- to
acquire Bank of Bolivar.
Approved, March 21, 1997.

Dallas

Eagle Bancshares, Inc., Fairfield, Texas -- to
acquire Fairfield Holdings, Inc., and First
National Bank of Fairfield.
Approved, March 19, 1997.

Dallas

Etex Banco, Inc., Winnsboro, Texas -- request for
waiver of application to acquire Winnsboro Bank &
Trust.
Granted, March 18, 1997.

Dallas

Fairfield Holdings, Inc., Fairfield, Texas --to
acquire First National Bank of Fairfield,
Fairfield, Texas.
Approved, March 19, 1997.

Chicago

First Equity Corp., Skokie, Illinois -- to acquire
1st Equity Bank.
Approved, March 20, 1997.

H .2
MARCH 17, 1997
PAGE 5

TO

MARCH 21, 1997

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

BANK HOLDING COMPANIES




Dallas

First National Bank of Winnsboro, Winnsboro, Texas -request for waiver of application to acquire
Winnsboro Acquisitions, Inc., and First Texas
Holding Company.
Granted, March 18, 1997.

Cleveland

F.N.B. Corporation, Hermitage, Pennsylvania -- to
acquire West Coast Bancorp, Inc., Cape Coral,
Florida.
Approved, March 21, 1997.

Kansas City

Fremont of Albuquerque, Inc., Canon City, Colorado -to acquire Interamerica Bank, Albuquerque, New
Mexico, and Fremont Bank Corporation, Canon City,
Colorado.
Approved, March 17, 1997.

Philadelphia

Keystone Financial Inc., Harrisburg, Pennsylvania -request for waiver of application to acquire First
Federal Savings Bank of Western Maryland and First
Financial Corporation of Western Maryland, both of
Cumberland, Maryland.
Granted, March 18, 1997.

Philadelphia

Keystone Financial Inc., Harrisburg, Pennsylvania -to acquire Financial Trust Corp. Carlisle,
,
Pennsylvania.
Approved, March 19, 1997.

Kansas City

Mid-America Bankshares, Inc., Baldwin City, Kansas -to acquire State Bank of Esbon, Esbon, Kansas.
Approved, March 21, 1997.

St. Louis

Security Bancorp of Tennessee, Inc., Halls, Tennessee
-- to acquire The Bank of Jackson, Jackson,
Tennessee.
Approved, March 18, 1997.

Minneapolis

TCF Financial Corporation, Minneapolis, Minnesota -to engage in securities brokerage activities
through TCF Securities, Inc., St. Paul, Minnesota.
Permitted, March 21, 1997.

H.
2
MARCH 17,
PAGE 6

1997

TO

MARCH 21,

1997

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

BANK HOLDING COMPANIES
Minneapolis

TCF Financial Corporation, Minneapolis, Minnesota -to engage in lending activities through TCF
Minnesota Financial Services, Inc.
Approved, March 21, 1997.

Minneapolis

TCF Financial Corporation, Minneapolis, Minnesota -to acquire TCF National Bank Minnesota,
Minneapolis, Minnesota, TCF National Bank Illinois,
Chicago, Illinois, TCF National Bank Wisconsin, Ann
Arbor, Michigan, Great Lakes National Bank Ohio,
Hamilton, Ohio, TCF Colorado Corporation,
Englewood, Colorado, and TCF National Bank
Colorado, Englewood, Colorado.
Approved, March 21, 1997.

Dallas

Winnsboro Acquisitions, Inc., Winnsboro, Texas -request for waiver of application to acquire First
Texas Holding Company.
Granted, March 18, 1997.

Richmond

Woodsboro Bancshares, Inc., Woodsboro, Maryland - - t o
acquire Woodsboro Bank.
Approved, March 20, 1997.

Secretary

1st United Bancorp, Boca Raton, Florida -- to acquire
Island National Bank and Trust Company, Palm Beach,
Florida.
Approved, March 19, 1997.

BANK MERGERS




Dallas

First State Bank of Texas, Denton, Texas - - t o merge
with First Farmers and Merchants Bank, Kaufman,
Texas.
Approved, March 20, 1997.

H.
2
MARCH 17, 1997
PAGE 7

TO

MARCH 21, 1997

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

BANKS. STATE MEMBER
San Francisco

Tehama Bank, Red Bluff, California - - t o invest in
Bancorp Fincor Financial Services, Inc. Sacramento,
California.
Withdrawn, March 21, 1997.

Richmond

Virginia Heartland Bank, Fredericksburg, Virginia,
and Second Bank & Trust, Culpeper; - - t o establish
VHB Mortgage Company, L.L.C., Fredericksburg,
Virginia.
Approved, March 20, 1997.

CAPITAL STOCK
Chicago

FBOP Corporation, Oak Park, Illinois -- redemption of
shares.
Permitted, March 20, 1997.

Richmond

Patapsco Bank, Dundalk, Maryland -- redemption of
shares.
Approved, March 20, 1997.

CHANGE IN BANK CONTROL
Kansas City

B.O.E. Bancshares, Inc., Elgin, Oklahoma -- change in
bank control.
Permitted, March 20, 1997.

Kansas City

NSB Bancshares, Inc., La Crosse, Kansas -- change in
bank control.
Permitted, March 18, 1997.

Kansas City

State National Bancshares, Inc. Wayne, Nebraska -change in bank control.
Permitted, March 20, 1997.

COMPETITIVE FACTORS REPORTS




Dallas

Compass Bank, Houston, Texas, proposed merger with
River Oaks Trust Company -- report on competitive
factors.
Submitted, March 17, 1997.

Atlanta

First Mercantile National Bank, Longwood, Florida,
proposed merger with Regions Interim National
Bank -- report on competitive factors.
Submitted, March 20, 1997.

H.2
MARCH 17,
PAGE 3

1997

TO

MARCH 2 1 ,

1997

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

COMPETITIVE FACTORS REPORTS




Minneapolis

First National Bank in Montevideo, Montevideo,
Minnesota, proposed merger with Interim First
National Bank in Montevideo -- report on
competitive factors.
Submitted, March 18, 1997.

Minneapolis

First National Bank of Fairfax, Fairfax, Minnesota,
proposed merger with New First National Bank of
Fairfax -- report on competitive factors.
Submitted, March 19, 1997.

Dallas

First Security State Bank, Cranfills Gap, Texas,
proposed acquisition of the assets and assumption
of the liabilities of a branch of Pacific Southwest
Bank, Corpus Christi, at 101 South Avenue G,
Clifton, Texas -- report on competitive factors.
Submitted, March 21, 1997.

Richmond

First Union National Bank of North Carolina,
Charlotte, North Carolina, proposed merger with
First Union National Bank of Georgia, Atlanta,
Georgia, and First Union National Bank of Florida,
Jacksonville, Florida -- report on competitive
factors.
Submitted, March 20, 1997.

Richmond

First-Citizens Bank & Trust Company, Raleigh, North
Carolina, proposed purchase of certain assets and
assumption of certain liabilities of the
Hayesville, Hildebran, Taylorsville, and Valdese,
branches of Wachovia Bank of North Carolina,
National Association, Winston-Salem, North Carolina
-- report on competitive factors.
Submitted, March 20, 1997.

Richmond

NationsBank, N.A., Charlotte, North Carolina,
proposed merger with Boatmen’s Bank of Vandalia,
Vandalia, Missouri -- report on competitive
factors.
Submitted, March 20, 1997.

H .2
MARCH 17,
PAGE 9

1997

TO

MARCH 2 1,

1997

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

COMPETITIVE FACTORS REPORTS




Richmond

NationsBank, National Association, Charlotte, North
Carolina, proposed merger with NationsBank,
National Association (South) Atlanta, Georgia -report on competitive factors.
Submitted, March 20, 1997.

Philadelphia

Sovereign Bank, Wyomissing, Pennsylvania -- proposed
merger with Sovereign Community Bank, Freehold, New
Jersey -- report on competitive factors.
Submitted, March 17, 1997.

St. Louis

State Bank of Washington, Washington, Indiana,
proposed merger with United Federal Savings Bank of
Vincennes, Vincennes, Indiana -- report on
competitive factors.
Submitted, March 20, 1997.

Atlanta

United Bank, Zebulon, Georgia, proposed purchase of
certain assets and assumption of certain
liabilities of the Thomastown, Georgia, branch of
NationsBank, N.A. (South), Atlanta, Georgia, and to
establish a branch -- report on competitive
factors.
Submitted, March 19, 1997.

Richmond

Wachovia Bank of North Carolina, National
Association, Winston-Salem, North Carolina,
proposed merger with Wachovia Bank of South
Carolina, National Association, Charleston, South
Carolina, and Wachovia Bank of Georgia, National
Association, Atlanta, Georgia -- report on
competitive factors.
Submitted, March 20, 1997.

H.2
MARCH 17, 1997
PAGE 10

TO

MARCH 21, 1997

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

EXTENSIONS OF TIME
Atlanta

East Coast Bank Corporation Employee Stock Ownership
Plan Trust, Ormond Beach, Florida -- extension to
June 27, 1997, to acquire shares of East Coast Bank
Corporation, and Bank at Ormond-By-The-Sea.
Granted, March 20, 1997.

Atlanta

First Bankshares of West Point, Inc., West Point,
Georgia -- extension to June 27, 1997, to merge
with Canebrake Bancshares, Inc., Uniontown,
Alabama, and acquire First State Bank of Uniontown,
Uniontown, Alabama.
Granted, March 20, 1997.

Atlanta

First Georgia Community Corporation, Jackson, Georgia
-- extension to June 24, 1997, to acquire First
Georgia Community Bank.
Granted, March 18, 1997.

Dallas

Hickory Hill Delaware Financial Corporation, Dover
Delaware -- extension to June 27, 1997, to acquire
The First State Bank, Avinger, Texas.
Granted, March 20, 1997.

Chicago

St. Cloud Bancshares, Inc., St. Cloud, Wisconsin -extension to May 10, 1997, to acquire State Bank of
St. Cloud.
Granted, March 17, 1997.

Kansas City

First American Bank & Trust Company, Purcell,
Oklahoma -- to become a member of the Federal
Reserve System.
Approved, March 20, 1997.

MEMBERSHIP




H .2

ADDITIONS AND CORRECTIONS

MARCH 17, 1997
PAGE 11

TO

MARCH 21, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Regulation H -- final amendments to Securities and
Recordkeeping and Confirmation Provisions (Docket
R-0909).
Approved, February 27, 1997.

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

BANK BRANCHES. DOMESTIC
Richmond

Mercantile Bank of Southwest Florida, Naples, Florida
-- to establish a branch approximately 600 feet
north of Pelican’s Nest Drive and U.S. 41, Bonita
Springs, Florida.
Returned, February 21, 1997.

COMPETITIVE FACTORS REPORTS
San Francisco

Citizens Security Bank, Agana, Guam, proposed
purchase of the assets and assumption of*the
liabilities of Century Bank -- report on
competitive factors.
Submitted, March 20, 1996.

EXTENSIONS OF TIME




Chicago

Two Rivers Bank Holding Company, Rock Valley, Iowa -extension to June 19, 1997, to acquire Rock Valley
State Bank.
Granted, March 13, 1997.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date

Application

NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date

Application
Vermont Financial Services
Corp., Brattleboro, Vermont
(VFSC) - 4(c)(8) notification
to merge with Eastern Bancorp,
Inc., Dover, New Hampshire, a
nondiversified savings and loan
holding company, with VFSC as
the survivor, and thereby
engage in operating Vermont
Federal Bank, FSB, Williston,
Vermont*

Newspaper

Not Yet Established
04-14-97

Federal Register

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution

Examination Date

Rating**

NONE

♦Subject to CRA.
♦♦Rating Definitions:
"O" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance



"N" - Needs to

FEDERAL RESERVE BANK OF NEW YORK
C o m m e n t P e rio d
E n d in g D a te
S E C T IO N I
A p p lic a tio n s S u b je c t t o N e w s p a p e r
_________ N o tic e .Q n jy _________

None.

SECTION n
A p p lic a tio n s S u b je c t to B o th
N e w s p a p e r a n d F e d e r a l R e g is te r N o tic e

BanPonce Corooration and Popular International Bank, Inc, both
o f Hato Rey, Puerto Rico, and BanPonce Financial Coro.,
Wilmington, Delaware, to acquire CBC Bancorp Ltd., Chicago,
Illinois, and its two subsidiary banks, Capital Bank and Trust
Company, Chicago, Illinois, and Capitol Bank o f Westmont,
Westmont, Illinois. 1/

04/19/97 3/

Ironbound Bankcorp, NJ, Newark, New Jersey, to acquire all o f
the shares of Ironbound Bank, Newark, New Jersey, and thereby
become a bank holding company with respect to Ironbound Bank. 1/

04/03/97 3/

SECTION m
N o n b a n k in g A p p lic a tio n s
(s u b je c t to F e d e r a l R e g is te r N o tic e O n ly )

None.
S E C T IO N IV
A p p lic a tio n s N o t In v o lv in g
P u b lic C o m m e n t

Application by Citibank International, Miami, Florida, to amend its
articles o f association.
S E C T IO N V
A v a ila b ility o f C R A P u b lic E v a lu a tio n s

In connection with the assessment o f 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 o f ascertaining
and helping to meet the credit needs o f its entire delineated
community, including low- and moderate- income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs.
An institution in this group needs to improve its overall record
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 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.
W eek Ending M arch 22. 1997
NAME OF BANK

RATING

None.
1/ Subject to provisions o f Community Reinvestment Act.
2/ Later of 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




EXAMINATION DATE

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER
NOTICE ONLY
Covenant Bancorp. Inc.. Haddonfield, NJ to becom e a bank holding company through the
acquisition o f 100 percent o f the voting shares o f Covenant Bank, Haddonfield, NJ, pursuant
to Section 3(a)(1) o f the Bank Holding Company Act.
Newspaper comment period expires:
Federal Register comment period expires:

04/21/97
N /A vail

SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER
AND FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL
REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEW SPAPER




NONE

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 21, 1997.
Id e n tific a tio n o f R a tin g s

In connection with the assessment o f each insured depository institution's CRA performance, a
rating is assigned from the following groups:
O u ts ta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s .

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 a tis fa c to ry r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s .

An institution in this group has 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.
N e e d s to im p ro v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s .

An institution in this group needs to improve its overall record o f ascertaining and helping to
meet the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
S u b s ta n tia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s .

An institution in this group has a substantially deficient record o f ascertaining and helping to
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.
B a n k /L o c a tio n

E x a m in a tio n D a te

C R A R a tin g

First Commercial Bank
1027 Arch Street
Philadelphia, PA 19107

09/04/96

Satisfactory

OrrstownBank
3580 Orrstown Road
Box 60
Orrstown, PA 17244

11/04/96

Outstanding




A P P L IC A T IO N S B U L L E T IN
(Fo r the week ending M arch 22,1997)

S E C T IO N I - A P P L IC A T IO N S S U B JE C T T O N EW S P A P ER N O T IC E O N L Y
Received notice from Cortland Savings and Banking
Company, Cortland, Ohio, on March 18, 1997, o f its
intent to establish a branch at 8572 South Avenue, Unit 1,
Board man, Ohio.

* April 12, 1997

n

S E C T IO N
- A P P L IC A T IO N S S U B JE C T T O B O T H N EW S P A P ER A N D F E D E R A L
R E G IS T E R N O T IC E
NONE
S E C T IO N H I - A P P L IC A T IO N S S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E O N L Y
NONE
S E C T IO N IV - A P P L IC A T IO N S N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E
O R N EW S P A P ER N O T IC E
Received Section 4(c)(8) notice from M ellon Bank Corporation, Pittsburgh, Pennsylvania, on
March 17, 1997, o f its intent to acquire substantially all the assets o f Gantz Capital Management,
Inc., North Miami, Florida, and transfer them directly to M ellon Trust o f Florida, N .A ., North
Miami, Florida, a denovo limited purpose trust company held directly by The Boston Company,
an indirect subsidiary o f M ellon Bank Corporation.

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



AVAILABILITY O F CRA PUBLIC EVALUATIO NS
(March 21, 1997)

The follow ing state member banks have been exam ined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the w eek ended March 21, 1997. 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 o f 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 o f ascertaining and
helping to m eet the credit needs o f its entire delineated community, including low - and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
N EED S TO IM PROVE: a bank in this group needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated community, including
low - and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire delineated community,
including low - and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

NONE




Federal Reserve Bank of Richmond
S e c tio n

I

- A p p lic a tio n s

S u b je c t

to

N ew spap er

N o t i c e O n ly

A p p lic a tio n

Comment P e r i o d E n d in g D a te

S i g n e t Bank,
e s ta b lis h

R ichm ond,

V ir g in ia ,

a bran ch in s id e

to

t h e Amoco

Fas M art a t

4690 P o u n c e y T r a c t R oad,

G le n A l l e n ,

V ir g in ia .*

4 -15 -9 7

C o n s o l i d a t e d Bank and T r u s t Company,
Richm ond,
bran ch es

V ir g in ia ,

to

a c q u ir e

two

i n Hampton,

V ir g in ia ,

and

one i n N ew port News,

V ir g in ia ,

of

F i r s t U n io n N a t i o n a l Bank o f V i r g i n i a ,
R oanoke,

V ir g in ia .*

4 -17 -9 7

Bank o f W h ite S u lp h u r S p r i n g s ,
S u lp h u r S p r i n g s ,

W est V i r g i n i a ,

w i t h Bank o f M a r l i n t o n ,

W h ite
t o m erge

M a r lin to n ,

W est

V ir g in ia .*

4 -1 7 -9 7

S e c tio n

II

- A p p lic a tio n s

S u b je c t to

B o th

N ew sp ap er and F e d e r a l R e g i s t e r N o t i c e

A p p lic a tio n

A llie d

Comment P e r io d E n d in g D a te

Ir is h

Ir e la n d ,

B a n k s,

p.l.c.,

D u b lin ,

and F i r s t M a ry la n d B a n c o rp ,

B a ltim o r e ,

M a r y la n d ,

to

a c q u ir e

D auph in D e p o s i t C o r p o r a t i o n ,
bu rg,

H a r r is ­

P e n n s y lv a n ia .*

S e c tio n

III

4 -1 7 -9 7

- A p p lic a tio n s

S u b je c t to

A p p lic a tio n

F e d e r a l R e g is t e r N o tic e

Comment P e r io d E n d in g D a te

N o n e.

S e c tio n

IV - A p p l i c a t i o n N o t S u b j e c t

F e d e ra l R e g is t e r N o tic e

o r N ew spap er N o t i c e

A p p lic a tio n

None.

♦
 A p p lic a tio n i s


s u b je c t

to

to

CRA r e q u ir e m e n t s .

Federal Reserve Bank of Richmond

S e c tio n V - A v a i l a b i l i t y

o f CRA P u b l i c E v a l u a t i o n s

Week e n d in g M arch 2 1 ,

D e fin itio n

19 9 7

o f R a tin g s

Outstanding record of meeting community credit needs.
An i n s t i t u t i o n
a s c e r ta in in g
com m unity,

in

th is

and h e l p i n g t o m eet t h e

in c lu d in g

s i s t e n t w ith

g r o u p h a s an o u t s t a n d i n g r e c o r d o f ,

its

lo w -

c r e d it needs o f

its

and i s

e n tir e

and m o d e r a te -in c o m e n e ig h b o r h o o d s ,

a le a d e r

in ,

d e lin e a te d

i n a manner c o n ­

r e s o u r c e s and c a p a b i l i t i e s .

Satisfactory record of meeting community credit needs.
An i n s t i t u t i o n
h e lp in g

in c lu d in g
w ith

in

th is

group h as a s a t i s f a c t o r y

t o m eet t h e c r e d i t n e e d s o f

its

lo w -

its

e n tir e

record o f a s c e r ta in in g
d e lin e a te d

and m o d e r a te -in c o m e n e ig h b o r h o o d s ,

and

com m unity,

i n a manner c o n s i s t e n t

r e s o u r c e s and c a p a b i l i t i e s .

Needs to improve record of meeting community credit needs.
An i n s t i t u t i o n
ta in in g

in

th is

group need s t o

and h e l p i n g t o m eet t h e

com m unity,

in c lu d in g

c o n s is te n t w ith

its

im p ro ve i t s

c r e d it needs o f

o v e r a ll

its

e n tir e

record o f a s c e r ­
d e lin e a te d

lo w - an d m o d e r a te -in c o m e n e ig h b o r h o o d s ,

i n a manner

r e s o u r c e s and c a p a b i l i t i e s .

Substantial noncompliance in meeting community credit needs.
An i n s t i t u t i o n
ta in in g

i n c l u d i n g lo w its

in

th is

group h as a s u b s t a n t i a l l y d e f i c i e n t

and h e l p i n g t o m eet t h e c r e d i t n e e d s o f

its

and m o d e r a te -in c o m e n e ig h b o r h o o d s ,

e n tir e

record o f a s c e r ­
d e lin e a te d

i n a manner c o n s i s t e n t w i t h

r e s o u r c e s and c a p a b i l i t i e s .

E x a m in a tio n
D a te

None.




com m unity,

R a tin g

Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending March 21. 1997

Section 1 - Applications Subject to Newspaper N otice Only
Application

Comment Period Ending Date

Colonial Bank
Not yet available*
M ontgomery, Alabama
To become a member o f the Federal Reserve System , pursuant to Section 208.4 o f Regulation H
and Section 9 o f the Federal Reserve Act.
Colonial Bank
Not yet available*
M ontgomery, Alabama
To merge with Colonial Bank, Ardmore, Tennessee, pursuant to Section 18(c) o f the Federal
D eposit Insurance Act.
Colonial Bank
Not yet available*
M ontgomery, Alabama
To merge with Colonial Bank, Orlando, Florida, pursuant to Section 18(c) o f the Federal Deposit
Insurance Act.
Colonial Bank
Not yet available*
M ontgomery, Alabama
To merge with Colonial Bank, Lawrenceville, Georgia, pursuant to Section 18(c) o f the Federal
D eposit Insurance Act.

Section 2 - Applications Subject to Both
Newspaper and Federal Register N otice
Application

Comment Period Ending Date

Florida Bancshares, Inc.
Dade C ity, Florida
1-BHC formation, First National Bank o f Pasco, Dade City, Florida.

04-21-97*
Federal Register

Seacoast Banking Corporation o f Florida
Not yet available*
Stuart, Florida
To merge with Port St. Lucie National Bank Holding C orp., Port St. Lucie, Florida, and thereby
directly acquire Port St. Lucie National Bank, Port St. Lucie, Florida, pursuant to Section 3(a)(5)
o f the Bank Holding Company Act.

* Subject to the provisions of the Community Reinvestment Act.



Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending March 21. 1997

Section 2 - Applications Subject to Both
Newspaper and Federal Register N otice

Application

Comment Period Ending Date

GBC Bancorp, Inc.
04-14-97*
Law renceville, Georgia
Newspaper
1-BHC formation, Gwinnett Banking Company, Lawrenceville, Georgia.
PN H oldings, Inc.
04-21-97*
Ann Arbor, M ichigan
Federal R egister
1-BHC formation, Pelican National Bank, N aples, Florida (in organization).

Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

PN H oldings, Inc.
04-21-97
Ann Arbor, M ichigan
To acquire Washtenaw M ortgage Company, Ann Arbor, M ichigan, and thereby engage in
m aking, acquiring, or servicing loans, or other extensions o f credit, pursuant to Section
2 2 5 .2 5 (b )(l)(iii) o f Regulation Y and Section 4(c)(8) o f the Bank Holding Company Act.
Seacoast Banking Corporation o f Florida
Not yet available
Stuart, Florida
To acquire Spirit Mortgage Company, Port St. Lucie, Florida, and thereby engage in making,
acquiring, or servicing loans or other extensions o f credit, pursuant to Section 225.25(b)( 1)(iii)
o f Regulation Y and Section 4(c)(8) o f the Bank Holding Company Act.

* Subject to the provisions of the Community Reinvestment Act.




Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending March 21. 1997

Section 4 - Applications N ot Subject to

Federal Register .Notice or Newspaper Notice
Application
Southwest Georgia Financial Corporation
M oultrie, Georgia
Expedited notice for its subsidiary, Southwest Georgia Bank, M oultrie, Georgia, to acquire 50
percent o f Empire Financial Services, In c., M illedgeville, G eorgia, and thereby indirectly engage
in m aking, acquiring, or servicing loans or other extensions o f credit, pursuant to Section
225.25(b)(1) o f Regulation Y and Section 4(c)(8) o f the Bank Holding Company Act.
D eposit Guaranty Corp.
Jackson, M ississippi
Request for waiver o f the application requirement pursuant to Section 3(a)(3) o f the Bank Holding
Company Act to consolidate its national bank subsidiaries through the merger o f its subsidiaries,
Merchants National Bank o f Fort Smith, Fort Smith, Arkansas, Commercial National Bank in
Shreveport, Shreveport, Louisiana, and D eposit Guaranty National Bank o f Louisiana, Hammond,
Louisiana, into D eposit Guaranty National Bank, Jackson, M ississippi.




Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending March 21. 1997

Section 10 - A vailability o f CRA Public Evaluations
The CRA public evaluations o f the insured depository institutions listed below became available
during this w eek. Information about an institution's CRA evaluation may be obtained directly
from the institution. In connection with the assessm ent o f an institution's CRA performance, a
rating is assigned from the follow ing groups:
O utstanding record o f m eeting com m unity credit needs: An institution has an outstanding
record of, and is a leader in, ascertaining and helping to m eet 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 m eeting com m unity credit needs: An institution has a satisfactory record
o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including
low - and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
N eeds to im prove record o f m eeting com m unity credit needs: An institution needs to improve
its overall record o f ascertaining and helping to m eet the credit needs o f its entire delineated
community, including low - and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Substantial noncom pliance in m eeting com m unity credit needs: An institution has a
substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire
delineated community, including low - and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Bank
None.




CRA Rating

E xam ination D ate

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 21. 1997

Recently Approved Applications

Approval Date

SunTrust Bank, Atlanta
03-17-97
Atlanta, Georgia
To establish and hold all the shares o f SunTrust International Banking Company, Atlanta,
Georgia, an agreement corporation, operating under Section 25 o f the Federal Reserve Act and
Section 211.4 o f Regulation K.
1st United Bancorp
03-19-97
Boca Raton, Florida
To acquire Island National Bank and Trust Company, Palm Beach, Florida, pursuant to Section
3(a)(3) o f the Bank Holding Company Act.
1st United Bancorp
03-19-97
Boca Raton, Florida
To engage in securities brokerage activities, pursuant to Section 225.25(b)(15) o f Regulation Y
and Section 4(c)(8) o f the Bank Holding Company Act.
1st United Bank
03-19-97
Boca Raton, Florida
To merge with Island National Bank and Trust Company, Palm Beach, Florida, pursuant to
Section 18(c) o f the Federal Reserve Act.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only

Comment Period
Ending Date

Type

Application

Member

NorthSide Community Bank
Gurnee, Illinois
To become a member of the Federal Reserve System

NP . **

3(a)(1) Notice

IBC Bancorp, Inc.
Chicago, Illinois
International Bank of Chicago
Chicago, Illinois

NP - 03-26-97

Merger & Branch

Security Savings Bank
Farnhamville, Iowa
Boxholm, Iowa branch office of
Boone Bank and Trust Company
Boone, Iowa
Branch at 200 2nd Street
Boxholm, Iowa

NP - **

Merger & Branch

Old Kent Bank
Grand Rapids, Michigan
Commercial and Savings Bank of St. Claire County
Saint Claire, Michigan
Algonac Savings Bank
Algonac. Michigan
and to establish branches

Merger & Branch

M&I Madison Bank
Madison, Wisconsin
M&I Bank Southwest
Spring Green, Wisconsin
and to establish 11 branches

NP - Newspaper
FR - Federal Register
* - Subject to Provisions o f Community Reinvestment Act
** - Not available at this time




_ **

jqp _ * *

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

Type

AoDlication

COC-HC

Antioch Holding Company
Antioch, Illinois
By Randolph S. Miles

FR - 3-20-97
NP - 2-21-97

COC-HC

Antioch Holding Company
Antioch, Illinois
By Cynthia M. Stout

FR - 3-20-97
NP - 2-28-97

3(a)(3)

Coal City Corporation*
Chicago, Illinois
U .S. Bancorp
Lansing, Illinois
U .S. Bank
Lansing, Illinois

FR - 3-21-97
NP - 3-22-97

3(a)(1)

CH and JD Byrum, LLC*
Indianapolis, Indiana
American State Corporation
Lawrenceburg, Indiana
American State Bank
Lawrenceburg, Indiana

FR - 4-14-97
NP - 3-26-97

3(a)(3)

National Canton Bancshares. Inc.*
Canton, Illinois
Sturm Investment, Inc.
Denver, Colorado
Union National Bank of Macomb
Macomb, Illinois

FR - 4-18-97
jsjp _ **

3(a)(3)

Old Second Bancorp, Inc.*
Aurora, Illinois
Maple Park Bancshares, Inc.
Maple Park, Illinois
First State Bank o f Maple Park
Maple Park, Illinois

FR - 4-4-97

3(a)(1)

Bando McGlocklin Capital Corporation*
Pewaukee, Wisconsin
InvestorsBank (in organization)
Pewaukee. Wisconsin

FR - 4-7-97
NP - **




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice cont’d

Comment Period
Ending Date

Type

Application

3(a)(3)

Manufacturers National Corporation*
Chicago, Illinois
U .S. Bancorp, Inc.
Chicago, Illinois
U.S. Bank
Chicago, Illinois

FR - 3-21-97
NP - 3-22-97

3(a)(3)

ABC Employee Stock Ownership Plan*
Anchor, Illinois
Anchor Bancorporation Inc.
Farmer City, Illinois
Anchor State Bank
Anchor, Illinois

FR - 4-3-97
NP - 4-1-97

4(c)(8)

Shoreline Financial Corporation
Benton Harbor, Michigan
SJS Bancorp, Inc.
St. Joseph, Michigan
SJS Federal Savings Bank
St. Joseph, Michigan

FR - 3-13-97
NP - **

3(a)(3)

Parkway Bancorp, Inc.*
Harwood Heights. Illinois
Jefferson Holding Corp.
Chicago, Illinois
Jefferson State Bank
Chicago, Illinois

FR - 4-21-97
_ **

COC-HC

Leighton Investment Company
Leighton, Iowa
By Helen Glending and Harold A. and Ethel R. DeBruin

FR - **




\p

*^

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice cont’d

Type

Application

3(a)(3)

Amcore Financial, Inc.*
Rockford, Illinois
Country Bank Shares Corporation
Mount Horeb, Wisconsin
Citizens State Bank
Clinton, Wisconsin
Montello State Bank
Montello, Wisconsin
State Bank of Argyle
Argyle, Wisconsin
State Bank of Mount Horeb
Mount Horeb, Wisconsin
Belleville Bancshares Corporation
Belleville, Wisconsin
Belleville State Bank
Belleville, Wisconsin




Comment Period
Ending Date
F R - **
N P - 4-17-97

Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only

Comment Period
Ending Date

lYES

Application

4(c)(8)

Old Second Bancorp, Inc.
Aurora, Illinois
Maple Park Mortgage Company
Maple Park, Illinois

FR - 4-4-97

4(c)(8)

Bando McGlocklin Capital Corporation
Pewaukee, Wisconsin
Bando McGlocklin Small Business Lending
Company and Bando McGlocklin
Investment Corporation
Pewaukee, Wisconsin

FR - 4-7-97

4(c)(8)

Stichting Administratiekantoor ABN AMRO Holding
Amsterdam, The Netherlands
Citicorp Futures Corporation
New York, New York
Citifutures Limited
London, England
Citicorp Futures Limited
Singapore

FR - 3-17-97

4(c)(8)

Stichting Prioritiet ABN AMRO Holding
Amsterdam, The Netherlands
Citicorp Futures Corporation
New York, New York
Citifutures Limited
London, England
Citicorp Futures Limited
Singapore

FR - 3-17-97

4»c)(8)

ABN AMRO Bank N.V.
Amsterdam, The Netherlands
Citicorp Futures Corporation
New York. New York
Citifutures Limited
London, England
Citicorp Futures Limited
Singapore

FR - 3-17-97

Mom

ABN AMRO Holding, N.V.
Amsterdam, The Netherlands
Citicorp Futures Corporation
New York. New York
Citifutures Limited
London, England
Citicorp Futures Limited
Singapore

FR - 3-17-97




Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper Notice

Type

Application

ROS-HC

Anchor Bancorporation, Inc.
Farmer City, Illinois
To redeem 102 shares o f its outstanding shares

ROS-HC

First Business Bancshares, Inc.
Madison, Wisconsin
To redeem 10% of its issued and outstanding common stock




Federal Reserve Bank of Chicago
Section V - Availability of CRA Public Evaluations

The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance
with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the
week ending March 21, 1997. If you are interested in obtaining a copy of the evaluation document, please
contact the bank(s) directly.
Identification of Ratines
O-

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

S-

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

NI -

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




BANK NAME/LOCATION
NONE

EXAMINATION DATE

RATINGS

Federal Reserve Bank o f St. Louis
F O R T H E W E E K E N D IN G M A R C H 21, 1997

S E C TIO N I - A P P L IC A TIO N S S U B JE C T T O N EW S P A P ER N O T IC E
A pplication

End of Comment Period

* Section 3(a)(1) notification by FSB
Bancshares, Inc., Lanesville, Indiana,
to acquire The Farmers State Bank,
Lanesville, Indiana.

3-31-97

* Section 9 branch application by The
Farmers and Merchants Bank, Stuttgart,
Arkansas, to establish a branch at 102
East 22nd Street, Stuttgart, Arkansas.

4-14-97

* Section 3(a)(1) notification by W est
Pointe Bancorp, Inc., B elleville, Illinois,
to acquire West Pointe Bank and Trust
Company, Belleville, Illinois.

3-31-97

SEC T IO N II - A P P L IC A TIO N S S U B JE C T T O B O T H
N EW SPA PER A N D F E D E R A L R E G IS TE R N O T IC E
A pplication

End of Comment Period

* Section 3(a)(1) application by Kentucky
Home Bancshares, Inc., Bardstown,
Kentucky, to acquire Kentucky Home
Bank, Bardstown, Kentucky, a proposed
de novo bank.

Newspaper: 2-14-97

* Section 3(a)(5) application by First
Commercial Corporation, Little Rock,
Arkansas, to merge with First Central
Corporation, Searcy, Arkansas.

Newspaper: 4-15-97

S E C TIO N III - A P P L IC A TIO N S S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E
A pplication
None.*

* This application/notification is subject to CRA.




End of Comment Period

S E C T IO N IV - A P P LIC A TIO N S N O T S U B JE C T T O F E D E R A L R E G IS TE R N O T IC E
O R NEW SPAPER N O T IC E
A pplication

End of Comment Period

Section 4(j)(5)(B ) notification by
Pocanhontas Bankstock, Inc., Pocanhontas,
Arkansas, to acquire between 6.9 percent
and 7.1 percent o f SecurAmerica Holding
Corporation, Memphis, Tennessee, and
thereby engage, de novo, in making,
acquiring, brokering, and/or servicing
loans or other extensions of credit.

N /A




FEDERAL RESERVE BANK OF ST. LOUIS
FOR THE WEEK ENDING March 21,1 9 9 7
SECTION V - AVAILABILITY OF CRA PUBLIC DISCLOSURES

Identification o f R atings:
O u tsta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s

An institution in this group has an outstanding record 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.
S a tisfa c to r y r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s

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.
N e e d s to im p ro v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s

An institution in this group needs to improve its overall record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
S u b s ta n tia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s

An institution in this group has a substantially deficient record o f ascertaining and helping to 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.

State Bank o f D ixon




Bank Address

Dixon, Missouri

Exam ination

Exam ination

D ate

Name o f Bank

Rating

12/02/96

Satisfactory

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

Application
Dacotah Bank, Aberdeen, South Dakota, to merge with Dacotah
Bank, Clark, South Dakota; Dacotah Bank, Faulkton, South
Dakota; Dacotah Bank, Lemmon, South Dakota; Dacotah Bank,
Mobridge, South Dakota; and Dacotah Bank, Webster, South
Dakota; and incident thereto, to establish branches in the South
Dakota communities o f Clark, Willow Lake, Watertown, Henry,
Bradley, Faulkton, Lemmon, Bison, Mobridge, Webster, and Roslyn. *

Not yet available

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

Application

Comment Period
Ending Date

Theodore Hofer to acquire control of 35.8% of the voting shares of
H & W Holding Company, Freeman, South Dakota.

April 7, 1997
(Federal Register)

Adams Bancshares, Inc., Employee Stock Ownership Plan with
401(K) Provision, Adams, Minnesota for prior approval to become
a bank holding company through the acquisition o f 30.02% of the
voting shares o f Adams Bancshares, Inc., Adams, Minnesota. *

Not yet available

* Subject to CRA

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Dacotah Bank, Webster, South Dakota to reduce its
capital stock.




FEDERAL RESERVE B A N K OF MINNEAPOLIS
Section V - Availability of
C R A Public Evaluations
w e e k ending M a r c h 21,1997

ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution’ C R A performance, a rating
s
is assigned from the following groups:
O U T S T A N D I N G R E C O R D O F M E E T I N G C O M M U N I T Y CREDIT NEEDS.
A n 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 A T I S F A C T O R Y R E C O R D O F M E E T I N G C O M M U N I T Y CREDIT NEEDS.
A n 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.
N E E D S T O I M P R O V E R E C O R D O F M E E T I N G C O M M U N I T Y CREDIT NEEDS.
A n 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.
S U B S T A N T I A L N O N C O M P L I A N C E IN M E E T I N G C O M M U N I T Y C R E D I T N E E D S .
A n 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.
BANKfS) E X A M I N E D

D A T E OF EXAMINATION

CR A RATING

First Security Ba nk of Missoula
1704 Dearborn

December 9, 1996

Satisfactory

December 10, 1996

Satisfactory

P.O. B o x 4506
Missoula, Montana 59806-4506
First State Ba n k of Froid
109 Ma in Street
P.O. B o x 128
Froid, Montana 59226-0128




KANSAS CITY RESERVE BANK APPLICATIONS AND REPORTS RECEIVED
During the week ending March 21, 1997
SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY

APPLICATION

CO

r PERIOD ENDINGDATE

Lafayette State Bank, Lafayette, Colorado, for prior
approval to invest an additional $1,260,500 in bank
prem ises.

Not Available

First State Bank o f Taos, Taos, New M exico, for
prior approval to invest an additional $1,350,000 in
bank prem ises.

Not Available

Mercantile Bank o f Topeka, Topeka, Kansas, to merge
with M ercantile Bank, Overland Park, Kansas, and to
move their head office to 9900 W. 87th Street,
Overland Park, Kansas and to establish a branch
facility at 800 S.W . Jackson, Topeka, Kansas.

Not Available

SECTION II r APPLICATIONS SUBJECT J Q.BQTH
NEW SPAPER AND FEDERAL REGISTER NOTICE

APPLICATION

COMMENTPERIODENDINGDATE

Morris M ayer Testamentary Trust, Dale Walkenhorst
as Trustee, M adison, Nebraska, to acquire 26.91
percent o f the voting shares o f Madison Bancshares,
Inc., M adison, Nebraska.

April 7, 1997

W est Point Bancorp, West Point, Nebraska, for prior
approval to acquire 64.3 percent o f the voting shares
o f Dakota Bancshares, Inc., West Point, Nebraska.*

Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDINGDATE

Lindoe, In c., Ordway, Colorado, for prior approval to
acquire 9.9 9 percent o f the voting shares o f Delta
Federal Savings, F .S .B ., Delta, Colorado.




Not Available

S E C T IO N IV - A P P L IC A TIO N S N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E
O R N EW SPAPER N O T IC E

APPLICATION
Citizens State Bank o f Cortez, Cortez, Colorado, for
prior approval to become a member o f the Federal
Reserve System.
Mercantile Bank o f Topeka, Topeka, Kansas, for prior
approval to become a member o f the Federal Reserve
System.
S E C T IO N V - A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S
Identification of Ratings
In connection with the assessment o f each insured depository institution's CRA performance, a
rating is assigned from the following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record 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.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record o f ascertaining and helping
to meet the credit needs o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record o f ascertaining and helping
to meet the credit needs o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.




Bank/Location

Exam Date

CRA Public
Date

Sac River V alley Bank
P.O . Box B
Stockton, M issouri 65785-0625
The First Security Bank
300 East Horsetooth, Suite 102
Fort Lupton, Colorado 80525-0000

12/16/96

03/18/97

Outstanding

12/02/96

03/20/97

Satisfactory

♦Application is subject to CRA.




CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 17, 1997

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTI E ONLY
C
APPLICATION

NOTICE EXP

*Section 18(c) application received from
Minden Bank & Trust Company, Minden, LA,
to acquire First Federal Savings Bank,
Shreveport, LA

N/A

*Section 9 application received from
Minden Bank & Trust Company, Minden, LA,
to establish a branch at 6601 Youree Drive,
Shreveport, LA 71105

N/A

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

APPLICATION

** NOTTCF FXP

Change in Control Notice by
Donald E. Powell, Amarillo, TX,
only notificant to acquire an interest
in Tejas Bancshares, Inc., Fritch, TX

N/A

Change in Control Notice by
Barney Lee Popnoe, Coleman, TX, et al
to acquire an interest in Coleman
Bankshares, Inc., Coleman, TX

N/A

Change in Control Notice by
Dolph Briscoe, Jr., Uvalde, TX,
only notificant to acquire an interest in
Zavala Bankshares, Inc., Crystal City, TX

N/A

*Section 3(a)(1) application by
Concordia Capital Corporation, Vidalia, LA,
to acquire Concordia Bank & Trust Company,
Vidalia, LA

N/A




* S e c t i o n 3 ( a ) ( 1 ) a p p l i c a t i o n by
Medina B a n k s h a r e s , I n c . , D 'H a n i s , T X ,
t o a c q u i r e Medina F i n a n c i a l , I n c . ,
Carson C i t y , N V , and D 'H a n is S t a t e Bank,
D ' H a n i s , TX

N/A

* S e c t i o n 3 ( a ) ( 1 ) a p p l i c a t i o n by
Medina F i n a n c i a l , I n c . , Carson C i t y , NV,
t o a c q u i r e D 'H a n i s S t a t e Bank, D 'H a n i s , TX

N/A

* S e c t i o n 3 ( a ) ( 3 ) a p p l i c a t i o n by
Eden F i n a n c i a l C o r p o r a t i o n , San A n g e lo , T X , t o
a c q u i r e F i r s t S t a t e Bank o f R a n k in , R a n k in , TX
( P r e v i o u s l y r e p o r te d d u rin g th e week o f 2 - 2 4 - 9 7 )

9 7/03/29

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
A P P L I C A T IO N

N O TIC E EXP

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
A P P L IC A T IO N
None.

* S U B JEC T TO CRA.
* * E X P IR A T IO N DATE IS THE DATE S P E C I F I E D IN THE NEWSPAPER N O TIC E O N L Y .
N /A - NOT A V A IL A B L E AT T H IS T IM E .




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF MARCH 17. 1997

Outstanding record o f m eeting community c r e d i t needs.
An i n s t i t u t i o n in t h i s group has an o u ts ta n d in g r e c o rd o f , and i s a
le a d e r i n , a s c e r t a i n i n g and h e lp in g t o meet t h e c r e d i t needs o f i t s
e n t i r e d e l i n e a t e d com m unity, in c lu d in g low- and m oderate-incom e
n e ig h b o rh o o d s, in a manner c o n s i s t e n t w i t h i t s re s o u rc e s and
c a p a b ilitie s .
Satisfactory record o f m eeting community c r e d i t needs.
An i n s t i t u t i o n i n t h i s group has a s a t i s f a c t o r y r e c o rd o f a s c e r t a i n i n g
and h e lp in g t o meet t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d community,
i n c l u d i n g low - and moderate-incom e n e igh borh oods, i n a manner c o n s i s t e n t
w i t h i t s resou rces and c a p a b i l i t i e s .
Needs to Improve record o f m eeting community c r e d i t needs.
An i n s t i t u t i o n in t h i s group need t o improve i t s o v e r a l l r e c o rd o f
a s c e r t a i n i n g and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e
d e l i n e a t e d community, i n c l u d i n g low - and m oderate-incom e n eigh borh ood s,
in a manner c o n s i s t e n t w i t h i t s resources and c a p a b i l i t i e s .
Substantial Noncompliance i n m eeting community c r e d i t n eeds.
An i n s t i t u t i o n in t h i s g roup has a s u b s t a n t i a l l y d e f i c i e n t re c o rd o f
a s c e r t a i n i n g and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e
d e l i n e a t e d community, i n c l u d i n g low - and m oderate-incom e n eigh borh ood s,
in a manner c o n s i s t e n t w i t h i t s resources and c a p a b i l i t i e s .

Bank

Date o f
Exa m ina tion

F i r s t S t a t e Bank
1 1 2 West P o lk
P . 0 . Box 1 2 7 7
L i v i n g s t o n , TX 7 5 3 5 1 - 1 2 7 7
RSSD #884358

9 6 /12 /16




CRA R a tin g

S a tis fa c to ry

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 3/2 1 /9 7
Section I - Applications Subject to Newspaper Notice Only Date
Application

Comment Period Ending Date

Pierce Commercial Bank (In Organization), Tacoma,
W ashington, to becom e a member o f the Federal
Reserve System . *

Newspaper:

4/15/97

W estamerica Bank, San Rafael, California, to establish
a branch office at 4550 Mangels Boulevard, Fairfield,
California. *

Newspaper:

4/15/97

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Eggemeyer Advisory Corp., Castle Creek
Capital L .L .C ., and Castle Creek Partners
Fund-1, L .P ., all o f San Diego, California, to
acquire at least 14.9 percent o f Rancho
Santa Fe National Bank, Rancho Santa Fe,
California, and at least 14.9 percent o f First
Community Bank o f the Desert, Yucca Valley,
California. *

Newspaper:

Eggemeyer Advisory Corp., Castle Creek
Capital L .L .C ., Castle Creek Partners Fund-1, L .P .,
and Monarch Bancorp, all o f San Diego, California,
to merge with California Commercial Bancshares,
Newport Beach, California. *

Newspaper:

Eggemeyer Advisory Corp., Castle Creek
Capital L .L .C ., Castle Creek Partners Fund-1, L .P .,
and Monarch Bancorp, all o f San Diego, California,
to acquire an option to purchase 19.9 percent o f
California Commercial Bancshares, Newport
Beach, California. *

Newspaper:

* Subject to CRA.




Not available

Fed. Reg.:

3/24/97

Not available

Fed. Reg.:

4/18/97

Not available

Fed. Reg.:

4/18/97

FEDERAL RESERVE BANK OF SAN FRANCISCO

W eek ending 3/21/97

Section II - Applications Subject to Both
Newspaper and Federal Register N otice (Cont’d .)
First Coastal Bancshares, El Segundo, California,
to become a bank holding company by acquiring
First Coastal Bank, N .A ., El Segundo, California. *

Newspaper:

Not available

Fed. R eg.:

4/11/97

Pierce County Bancorp, Tacoma, Washington, to
become a bank holding company by acquiring
Pierce Commercial Bank (In Organization, Tacoma,
Washington. *

Newspaper:

4/15/97

Fed. R eg.:

4/21/97

Section III -Applications Subject to Federal Register Only
Eggemeyer Advisory Corp., Castle Creek
Capital L .L .C ., Castle Creek Partners Fund-1, L .P .,
and Monarch Bancorp, all o f San D iego,
California, to acquire a nonbanking subsidiary
o f California Commercial Banchshares, called
Venture Partners, Inc., Newport Beach,
California, and thereby engage in certain
nonbanking activities.

Fed. R eg.:

4/18/97

Section IV - Applications Not Subject to Federal Register N otice
or Newspaper Notice
None

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 3 /21/97

Section V - Availability o f CRA Public Evaluations
The CRA public evaluations o f 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

V alley Commecial Bank

4110 Pacific Avenue
10/21/96
PO Box 788
Forest Grove, OR 97116-0766
(503) 359-4495

Bating*
Satisfactory

*Under the rating system an institution’s CRA performance is assigned one o f the follow ing four ratings:
Outstanding record o f meeting community credit needs: An institution has an outstanding record of,
and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated com m unity,
including low - and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record o f meeting com m unity credit needs: An institution has a satisfactory record o f
ascertaining and meeting the credit needs o f its entire delineated community, including low - and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
N eeds to Im prove record o f m eeting com m unity credit needs: An institution needs to improve its
overall record o f ascertaining and helping to meet the credit needs o f its entire delineated com m unity,
including low - to moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Su bstan tial Noncom pliance in m eeting com m unity credit needs: An institution has a substantially
deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated com m unity,
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 o f 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