The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT H.2, 1996, No. 12 of the Board, its Staff, and the Federal Reserve Banks; I _ _ Applications and Reports Received wfl 3 D$b4Ji^|t!I}£ Week Ending March 23, 1996 RESEARCH BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ■t-uzzAl tiLiicii'v'zUA*$x ACTIONS TAKEN BY THE BOARD OF^OOYEWtQRg; BANK HOLDING COMPANIES Barretville Corporation, Barretville, Tennessee to acquire shares of Somerville Bank and Trust Company, Somerville, Tennessee. Approved, March 18, 1996. BANKS. NATIONAL First National Bank of Chicago, Chicago, Illinois -exemption from restrictions of section 23A to permit FNBC to purchase certain assets from NBD Bank, Detroit, Michigan. Granted, March 20, 1996. ENFORCEMENT Banque Worms, S.A., Paris, France, and Banque Worms Capital Corporation, New York, New York -- written agreement with Federal Reserve Bank of New York, and order of assessment of a civil money penalty. Authorized, March 18, 1996. Daiwa Bank, Limited, Osaka, Japan -- consent order. Authorized, March 18, 1996. INTERNATIONAL OPERATIONS Capital One Bank, Richmond, Virginia -- to establish a branch in London, England. Approved, March 20, 1996. REGULATIONS AND POLICIES Regulation E amendments to simplify, clarify, and update (Docket R-0830). Approved, March 20, 1996. Regulation E -• request for comment on amendments concerning stored-value cards, electronic communications, and error resolution (Docket R-0919). Approved, March 20, 1996. H.2 MARCH 18, PAGE 2 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Bankers Trust Company, Des Moines, Iowa - - t o establish an offsite electronic facility at Kum & Go, 85 Fourth Street, Waukee, Iowa. Approved, March 22, 1996. Atlanta Barnett Bank of Tallahassee, Tallahassee, Florida -to establish a branch at 6753 Thomasville Road, Bradford Village Shopping Center. Approved, March 18, 1996. Richmond Centura Bank, Rocky Mount, North Carolina - - t o establish a branch at 3010 North Center Street, N.W., Hickory, North Carolina. Approved, March 20, 1996. Richmond Centura Bank, Rocky Mount, North Carolina - - t o establish a branch at 2000 West Nash Street, Wilson, North Carolina. Approved, March 22, 1996. New York Chemical Bank, New York, New York - - t o establish a branch at Queensborough Community College of the City University of New York at 222-05 56th Avenue, Bayside, New York. Approved, March 21, 1996. Minneapolis First American Bank Valley, Grand Forks, North Dakota - - t o establish a branch in Grand Forks. Approved, March 22, 1996. Chicago M8I Bank of Beloit, Beloit, Wisconsin -- to establish a branch at 1805 Prairie Avenue. Approved, March 22, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish branches at the facilities of Armored Motor Service of America at 58 Ellicott Road, Cheektowaga, New York; 21 Railroad Avenue, Colonie, New York; and 25 Stonecastle Drive, Rock Tavern, New York. Approved, March 18, 1996. H .2 MARCH 18, PAGE 3 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC New York Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch in the Tops Markets Inc., Perinton Mall, 6720 Pittsford-Palmyra Road, Perinton, New York. Approved, March 18, 1996. Cleveland Provident Bank, Cincinnati, Ohio -- to establish CBCT branches at 309 Vine Street, 3360 Glenmore Avenue, and 1560 Chase Avenue, Cincinnati; 4255 Hamilton Middletown Road, Hamilton, Ohio; and 7175 Hamilton Mason Road, West Chester, Ohio. Approved, March 22, 1996. Cleveland Provident Bank of Kentucky, Alexandria, Kentucky -to establish a CBCT branch at 3410 Madison Pike, Fort Wright, Kentucky. Approved, March 22, 1996. San Francisco Westamerica Bank, San Rafael, California - - t o establish branches in the vicinities of Paseo Padre Parkway and Mowry Avenue, Fremont, California; Mt. Diablo Boulevard and First Street, Lafayette, California; and Main and Division Streets, Pleasanton, California. Approved, March 22, 1996. BANK HOLDING COMPANIES Atlanta Banctenn Corp., Kingsport, Tennessee - - t o acquire Cornerstone Community Bank, Chattanooga, Tennessee. Approved, March 22, 1996. Director, BS&R Bay Bancorporation, Green Bay, Wisconsin, and Oneida Tribe of Indians of Wisconsin -- request for relief from a commitment to allow Bay Bank to provide ATM network services to the Tribe. Granted, March 19, 1996. San Francisco California Community LLC, Los Angeles, California to acquire shares of First Coastal Bank, N.A., El Segundo, California. Returned, March 21, 1996. H .2 MARCH 18, PAGE <t 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco California Community LLC, Los Angeles, California -to engage de novo in loan servicing, data processing, and management consulting through California Community Corp. Returned, March 21, 1996. San Francisco Capital Corp of the West, Merced, California -- to engage de novo in providing economic and financial advisory services; and in conducting financial feasibility studies. Permitted, March 21, 1996. Atlanta Carter County Bancorp, Inc., Elizabethton, Tennessee -- to acquire Cornerstone Community Bank, Chattanooga, Tennessee. Approved, March 22, 1996. New York Compagnie de Suez, Paris, France, and Banque Indosuez -- to engage de novo in providing futures commission merchant execution, clearing, and advisory services relating to non-financial futures. Withdrawn, March 19, 1996. Dallas East Texas National, Inc., Palestine, Texas -- to acquire American Bank, Huntsville, Texas. Approved, March 22, 1996. Dallas East Texas-Dover, Inc., Wilmington, Delaware -- to acquire American Bank, Huntsville, Texas. Approved, March 22, 1996. Chicago First Capital Bankshares, Inc., Peoria, Illinois -to acquire First Capital Bank. Approved, March 18, 1996. Secretary First Commerce Corporation, New Orleans, Louisiana -request to retain shares of Louisiana Independent Bankshares, Inc., Baton Rouge, Louisiana, and First National Banker’s Bank. Approved, March 19, 1996. H .2 MARCH 1 8 , PAGE S 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis First State Bank of Rushmore KSOP Plan and Trust, Worthington, Minnesota - - t o acquire shares of First Rushmore Bancorporation, Inc. Approved, March 22, 1996. San Francisco FP Bancorp, Inc., Escondido, California, and First Pacific National Bank -- request for waiver of application to acquire RB Bancorp, San Diego, California, and the Bank of Rancho Bernardo. Granted, March 19, 1996. Kansas City Labette County Bankshares, Inc., Altamont, Kansas -to engage de novo in making and servicing consumer loans through Kansas Credit Corporation, Inc., Parsons, Kansas. Permitted, March 22, 1996. Cleveland Magnolia Bancorp, Inc., Magnolia, Ohio -- to acquire The Bank of Magnolia. Approved, March 21, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota - - t o acquire Regional Bank of Colorado, N.A., Rifle, Colorado. Approved, March 19, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota - - t o acquire Benson Financial Corporation, San Antonio, Texas, Kelly Field National Bank, Leon Valley, Texas, and Groos Bank, N.A., San Antonio. Approved, March 19, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota - - t o acquire Victoria Bankshares, Inc., Victoria, Texas, and Victoria Securities Corporation. Approved, March 20, 1996. Atlanta Pilot Bancshares, Inc., Tampa, Florida -- to acquire National Aircraft Finance Company, Lakeland, Florida, and engage in aircraft financing act iv it ies. Approved, March 22, 1996. H .2 MARCH 18, PAGE 6 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Cleveland PNC Bank Corporation, Pittsburgh, Pennsylvania -- to engage in debit and credit processing services through a joint venture company, PNC Bank Merchant Services Company, Melville, New York. Approved, March 18, 1996. Kansas City Republic Bancshares, Inc., Natoma, Kansas - - t o acquire shares of United National Bank of Natoma. Returned, March 22, 1996. Dallas South Plains Delaware Financial Corporation, Dover, Delaware - - t o acquire South Plains Financial Services, Inc., Lubbock, Texas, and engage de novo in data processing and data transmission activities. Permitted, March 22, 1996. Da]las South Plains Financial, Inc., Lubbock, Texas -- to acquire South Plains Financial Services, Inc., and engage de novo in data processing and data transmission activities. Permitted, March 22, 1996. Secretary SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of Florida, Inc., Jacksonville, Florida -- to acquire FFE Financial Corp., Englewood, Florida, and First of Englewood, F.S.B. Approved, March 20, 1996. Chicago St. Francis Capital Corporation, Milwaukee, Wisconsin - - t o engage in the sale of annuities through St. Francis Insurance Services Corp. Withdrawn, March 18, 1996. Secretary SunTrust Banks, Inc., Atlanta, Georgia -applications of five subsidiary banks to increase their collective investment in SunTrust Service Corporat ion. Approved. March 22, 1996. New York U S Trust Corporation, New York, New York -- to engage in tax planning ard preparation services. Withdrawn, March 19, 1996. H .2 MARCH 1 8 , PAGE 7 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas BANK MERGERS West Texas Bancshares, Inc., Kermit, Texas - - t o acquire Monahans Bancshares, Inc., Monahans, Texas. Approved, March 19, 1996. \ Chicago F&M Bank, Kaukauna, Wisconsin -- to acquire the assets and assume the deposit liabilities of the Little Chute, Wisconsin, branch of TCF Bank Wisconsin, FSB, Milwaukee, Wisconsin, and to establish a branch. Approved, March 21, 1996. Minneapolis F&M Bank-Lakeland, Woodruff, Wisconsin - - t o purchase the assets and assume the liabilities of Bradley Bank, Tomahawk, Wisconsin. Approved, March 21, 1996. BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS San Francisco Bank of Yorba Linda, Yorba Linda, California -request for waiver of application to establish BYL Merger Corporation. Granted, March 21, 1996. BANKS. STATE MEMBER Chicago F&M Bank, Kaukauna, Wisconsin - - t o exercise full trust powers. Approved, March 19, 1996. CHANGE IN BANK CONTROL Kansas City Pawnee Holding Company, Inc., Pawnee, Oklahoma -change in bank control. Permitted, March 19, 1996. H .2 MARCH 18, PAGE 8 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Austin Bank, N.A., Longview, Texas, proposed merger with First State Bank, Timpson, Texas -- report on competitive factors. Submitted, March 18, 1996. Cleveland Bank of Magnolia Company, Magnolia, Ohio, proposed merger with The M Bank -- report on competitive factors. Submitted, March 19, 1996. San Francisco Bank of Yorba Linda, Yorba Linda, California, proposed merger with Bank of Westminster, Westminster, California -- report on competitive factors. Submitted, March 21, 1996. Dallas Charter National Bank-Houston, Houston, Texas, proposed merger with Charter Bank, SSB -- report on competitive factors. Submitted, March 19, 1996. Dallas Charter National Bank-Houston, Houston, Texas, proposed purchase of certain assets and acquisition of certain liabilities of Houston Independent Bank, N.A. -- report on competitive factors. Submitted, March 19, 1996. Cleveland Citizens Banking Company, Salineville, Ohio, proposed purchase of assets and assumption of liabilities of the Salem, Ohio, branch of National City Bank, Northeast, Akron, Ohio -- report on competitive factors. Submitted, March 19, 1996. San Francisco First National Bank of Port Orchard, Port Orchard, Washington, proposed merger with Puget Sound Interim Bank, N.A. -- report on competitive factors. Submitted, March 20, 1996. Cleveland First National Community Bank, East Liverpool, Ohio, proposed merger with 1st National Community Interim Bank ** report on competitive factors. Submitted, March 19, 1996. H. 2 MARCH 18, PAGE 9 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Kentucky Bank, Paris, Kentucky, proposed merger with Kentucky Savings Bank, FSB, Georgetown, Kentucky -report on competitive factors. Submitted, March 19, 1996. Cleveland Kentucky Bank, Paris, Kentucky, proposed merger with Jessamine First Federal Savings and Loan Association, Nicholasville, Kentucky -- report on competitive factors. Submitted, March 19, 1996. Cleveland KeyBank National Association, Bryan, Ohio, proposed merger with Society National Bank, Cleveland, Ohio -- report on competitive factors. Submitted, March 19, 1996. Richmond Maryland Permanent Bank & Trust Company, Owings Mills, Maryland, proposed merger with Interim Maryland Permanent Bank & Trust Company -- report on competitive factors. Submitted, March 18, 1996. San Francisco National Bank of Arizona, Tucson, Arizona, proposed merger with Southern Arizona Bank, Yuma, Arizona -report on competitive factors. Submitted, March 18, 1996. Chicago Salin Bank proposed Company, factors. Submitted, Atlanta Dallas SouthTrust proposed Georgia, factors. Submitted, and Trust Company, Indianapolis, Indiana, merger with Columbus Bank and Trust Columbus, Indiana -- report on competitive March 19, 1996. Bank of Georgia, Atlanta, Georgia, merger with SouthTrust Bank of North Roswell, Georgia -- report on competitive March 18, 1996. Stanton National Bank, Stanton, Texas, proposed merger with New Bank, Midland, Texas -- report on compet it ive factors. Submitted, March 18, 1996. H .2 MARCH 1 8 , PAGE 10 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Union Safe Deposit Bank, Stockton, California, proposed merger with Great Valley Bank, Ceres, California -- report on competitive factors. Submitted, March 18, 1996. Secretary United States National Bank of Oregon, Portland, Oregon, proposed merger with West One Bank, Oregon, and proposed purchase of assets and assumption of liabilities of West One Bank, Oregon, Savings Bank, Hillsboro, Oregon -- report on competitive factors. Submitted, March 21, 1996. Secretary Wells Fargo Bank, N.A., San Francisco, California, proposed merger with First Interstate Bank of California, Los Angeles, California -- report on competitive factors. Submitted, March 21, 1996. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California -extension to divest certain properties. Granted, March 21, 1996. Atlanta Barnett Banks, Inc., Jacksonville, Florida -extension to June 23, 1996, to engage de novo in acting as agent in private placement of securities through Barnett Securities, Inc. Granted, March 19, 1996. Chicago Chemical Financial Corporation, Midland, Michigan -extension to July 27, 1996, to acquire State Savings Bancorp, Inc., Caro, Michigan, and State Savings Bank of Caro. Granted, March 18, 1996. Director, BS&R First Bank System, Inc., Minneapolis, Minnesota -extension to divest certain property. Granted, March 20, 1996. H .2 MARCH 18, PAGE 11 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago First Commercial Bank, Chicago, Illinois -- extension to June 30, 1996, to establish a branch at the northwest corner of Touhy and Kedzie, Skokie, Illinois. Granted, March 20, 1996. Richmond First Union Corporation, Charlotte, North Carolina; NationsBank Corporation; Southern National Corporation, Winston-Salem, North Carolina; and Wachovia Corporation -- extension to June 25, 1996, for each to acquire an interest in Education Financing Services, LLC, Winston-Salem, North Carolina. Granted, March 19, 1996. Richmond Horizon Bank of Virginia, Merrifield, Virginia -extension to November 21, 1996, to establish a branch at 9720 Lee Highway, Fairfax, Virginia. Granted, March 20, 1996. New York Summit Bancorp (formerly UJB Financial Corp.), Princeton, New Jersey -- extension to April 1, 1996, to acquire UJB Commercial Corp., Chatham, New Jersey. Granted, March 22, 1996. REGULATIONS AND POLICIES Secretary Rules Regarding Delegation of Authority -- amendment authorizing General Counsel to deny a request for stay of effective date of a Board order (Docket R-0918). Approved, March 22, 1996. Secretary Rules Regarding Equal Opportunity -- correction notice (Docket R-Q797). Approved, March 20, 1996. H. 2 MARCH 18, PAGE 12 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS GC Uniform wire transfer operating circular amendments to the third-party access appendix. Approved, March 20, 1996. RESERVE BANK SERVICES Director, FREQ Federal Reserve Bank of Boston -- to offer imageenhanced electronic check services in the District. Approved, March 18, 1996. H .2 MARCH 18, PAGE 13 ADDITIONS AND CORRECTIONS 1996 TO MARCH 2 2 , 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BOARD OPERATIONS Government in the Sunshine Act -- annual report for 1995. Published, March 12, 1996. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFFyAND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco First Pacific National Bank, Escondido, California, proposed merger with RB Bancorp, San Diego, California -- report on competitive factors. Submitted, March 8, 1996. Kansas City Regional Bank of Colorado, N.A., Rifle, Colorado, proposed merger with Interim Bank of Colorado -report on competitive factors. Submitted, March 14, 1996. Kansas City Vectra Bank, Denver, Colorado, proposed merger with Bank Land Co. -- report on competitive factors. Submitted, March 15, 1996. Chicago Westbank, Westchester, Illinois, proposed merger with Westbank Interim Bank -- report on competitive factors. Submitted, March 15, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Bank of Boston Corporation, Boston, Massachusetts 3(a) (3)/3(a) (5) application to acquire The Boston Bancorp, Boston, Massachusetts* CFX Corporation, Keene, New Hampshire - 3( a ) (3) /3(a)(5) application to acquire The Safety Fund Corporation and thereby indirectly acquire Safety Fund National Bank, both of Fitchburg, Massachusetts* Newspaper 04-15-96 Federal Register 04-15-96 Newspaper 04-17-96 Federal Register 04-19-96 Bank of Boston Corporation, Newspaper Boston, Massachusetts 3 (a) (3)/3(a) (5)/4 (c) (8) Federal Register application to acquire BayBanks, Inc. and indirectly acquire BayBank, National Association, both of Boston, Massachusetts and BayBank NH, Derry, New Hampshire* 04-22-96 Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date NONE Ratina** FEDERAL RESERVE BANK OF NEW YORK C om m ent Period E nding Date SECTION I Applications Subject to Newspaper ________Notice Only________ Application by Fleet Bank, Albany, New York, to establish a branch at 5-26 45th Avenue, Long Island City, New York, and 1640 Veterans Memorial Highway, Central Islip, New York. 1/ 04/21/96 SECTION IT Applications Subject to Both N ewspaper and Federal Register Notice None. SECTION III N onbanking Applications (subject to Federal Register Notice Only! None. 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 o f meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. W eek Ending M arch 23. 1996 NAME O F BANK Bank o f Millbrook Franklin Avenue, Box AF Millbrook, New York 12545 RATING EXAM INATION DATE Satisfactory November 6, 1995 1/ Subject to provisions of Community Reinvestment Act. 2/ Later o f dates specified in newspaper and Federal Register notices. 2/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEW SPAPER N O TICE ONLY Republic Bank. Philadelphia, PA to acquire F irst Executive B ank, Philadelphia, PA, p u rsu an t to Section 18(c) c f the Federal D eposit Insurance A c t Newspaper com m ent periods expires: 04/11/96 SECTION II • APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEW SPAPER AND FEDERAL REG ISTER N O TICE ExecuFirst Bancorp Inc, Philadelphia, PA to merge with R epublic Bancorporation, Philadelphia, PA, pursuant to Section 3(a)(5) of the B ank Holding Company Act. Federal Register com m ent period expires: 04/05/96 Newspaper com m ent period expires: 04/11/96 Carnegie Bancorp. Princeton, N J to merge with Regent B ancshares Corp., Philadelphia, PA and thereby indirectly acquire Regent N ational Bank, Philadelphia, PA. Federal Register com m ent period expires: 04/08/96 Newspaper com m ent period expires: N/Avail SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL R EG ISTER NOTICE ONLY NONE SECTION IV ■ APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REG ISTER NOTICE OR NEW SPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY O F CRA PUBLIC EVALUATIONS The following institutions were examined for C R A T he 30-business day period the bank has to m ake the evaluation public has lapsed during the w eek ending M arch 22, 1996. Identification of Ratings In connection with the assessment of each insured depository institution’s C R A perform ance, a rating is assigned from the following groups: Outstanding record o f meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to m eet the credit needs of its entire delineated community, including low- and m oderate-incom e neighborhoods, in a m anner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to m eet the credit needs of its entire delineated community, including low- and m oderate-incom e neighborhoods, in a m anner consistent with its resources and capabilities. Needs to improve record 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. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to m eet the credit needs of its entire delineated community, including low- and m oderateincome neighborhoods, in a m anner consistent with its resources and capabilities. Bank/Location Examination D ate C R A R atine NONE NONE NONE F ed era l Reserv e Bank of C leveland P. 0 . BOX 6387 CLEVELAND, OHIO 44101-1387 A PPLICATIONS BULLETIN (For the week ending M arch 23, 1996) SECTIO N I - APPLICA TIO N S SUBJECT TO NEW SPAPER N O TIC E ONLY NONE SECTIO N n - APPLICA TIO N S SUBJECT TO BOTH NEW SPAPER AND FED ERA L R EG ISTER N O TIC E Received Section 3(a)(1) application from Pennwood Bancorp, Inc., Pittsburgh, Pennsylvania, to acquire Pennwood Savings Bank, Pittsburgh, Pennsylvania. * Not Yet Known ft SECTIO N m - A PPLICA TIO N S SUBJECT TO FEDERAL R EG ISTER N O TIC E ONLY NONE SECTIO N TV - APPLICA TIO N S N O T SUBJECT TO FED ERA L R EG ISTER N O TIC E O R NEW SPAPER N O TIC E Received notice from National City Corporation, Cleveland, Ohio, of its intent to establish National City Trade Services, Hong Kong, which will engage in issuing foreign letters of credit. * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period ft - Expected to End 30 Days from Date o f Receipt A V A IL A B IL IT Y O F C R A P U B L IC E V A L U A T IO N S (M arch 22, 1996) The following state member banks have been examined by the Federal Reserve Bank of Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended March 22, 1996. If you are interested in obtaining a copy o f an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record 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. NEEDS TO IM PR O V E: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON CO M PLIA N CE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Shore Bancshares, Inc., Centreville, Maryland, to become a bank holding company through the acquisition of 100% of the voting shares of The Centreville National Bank of Maryland, Centreville, Maryland.* 4-1-96 FNB Corporation, Christiansburg, Virginia, to become a bank holding company through the acquisition of 100% of the voting shares of First National Bank of Christiansburg, Christiansburg, Virginia.* 4-4-96 Cardinal Bankshares Corporation, Floyd, Virginia, to become a bank holding company through the acquisition of 100% of the voting shares of The Bank of Floyd, Floyd, Virginia.* 4-5-96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Notice of Change in Bank Control filed by 0. Perry Earle, III, with respect to Greenville Financial Corporation, Greenville, South Carolina. 4-10-96 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. *Applieation is subject to CRA requirements. F e d e r a l R e s e r v e B a n k of R i c h m o n d Section V - Availability of CRA Public Evaluations Week ending March 22, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record 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 None. Rating Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 22, 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Republic Security Bank 03-31-96* West Palm Beach, Florida To establish a branch located at 777 South Flagler Drive, West Palm Beach, Florida. FBT Bancorp 04-12-96* Baton Rouge, Louisiana Notice for 1-BHC formation, Equitable Trust Savings Bank, Baton Rouge, Louisiana. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date The Colonial BancGroup, Inc. Not yet available* Montgomery, Alabama To merge with Commercial Bancorp of Georgia, Inc., Lawrenceville, Georgia, and thereby directly acquire Commercial Bank of Georgia, Lawrenceville, Georgia, pursuant to Section 3(a)(5) of the Bank Holding Company Act. P.C.B. Bancorp, Inc. Not yet available* Largo, Florida To acquire Premier Community Bank, Venice, Florida, pursuant to Section 3(a)(3) of the Bank Holding Company A c t . St. James Bancorporation, Inc. Not yet available* Lutcher, Louisiana After-the-fact change in control notice by Mr. Leon A. Greenblatt, III, Mr. Andrew Alvin Jahelka, and Mr. Richard Owen Nichols, to collectively retain 24.65 percent of the outstanding shares of St. James Bancorporation, Lutcher, Louisiana. Section 3 Application Applications Subject to Federal Register Only Comment Period Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 22 . 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank CRA Rating Date SunTrust Bank Post Office Box 4418 Atlanta, Georgia 30302 (404)588-7711 Outstanding 10-24-94 Barnett Bank of Lake Okeechobee 205 North Parrott Avenue Okeechobee, Florida 34972 (813)357-4200 Outstanding 05-08-95 Georgia First Bank Post Office Box 2342 Gainesville, Georgia (770)535-8000 Satisfactory 12-11-95 Citizens Trust Bank Post Office Box 4485 Atlanta, Georgia 30302 (404)659-5959 Outstanding 12-11-95 The Peoples Savings Bank Post Office Box 269 Clanton, Alabama 35045 (205)755-2240 Satisfactory 01-16-96 30503 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 22, 1996 Recently Approved Applications Approval Date Barnett Bank of Tallahassee 03-18-96 Tallahassee, Florida To establish a branch located at 6753 Thomasville Road, Bradford Village Shopping Center, to be known as the Killearn Lakes Branch. Pilot Bancshares, Inc. 03-22-96 Tampa, Florida 33617 To acquire National Aircraft Finance Company, Lakeland, Florida, and thereby engage in aircraft financing activities, pursuant to Section 225.25(b)(1) of Regulation Y and Section 4(c) (8) of the Bank Holding Company Act. BancTenn Corp. 03-22-96 Kingsport, Tennessee To acquire up to 12.49 percent of Cornerstone Community Bank, Chattanooga, Tennessee, pursuant to Section 3(a) (3) of the Bank Holding Company Act. Carter County Bancorp, Inc. 03-22-96 Elizabethton, Tennessee To acquire up to 12.49 percent of Cornerstone Community Bank, Chattanooga, Tennessee, pursuant to Section 3(a) (3) of the Bank Holding Company Act. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch M&I Bank of Beloit Beloit, Wisconsin 1805 Prairie Avenue Beloit, Wisconsin NP - 3-17-96 Merger/Branch Citizens Commercial & Savings Bank Flint, Michigan Second National Bank of Saginaw Saginaw, Michigan National Bank of Royal Oak Royal Oak, Michigan State Bank of Starklish Standish, Michigan Second National Bank of Bay City Bay City, Michigan Grayling State Bank Grayling, Michigan and thereby establish 39 branches NP - 3-21-96 EFT Bankers Trust Company Des Moines, Iowa Kum & Go 85 4th Street Waukee, Iowa NP - 3-16-96 Branch Sparta State Bank Sparta, Michigan 4170 17 Mile Road Cedar Springs, Michigan 4949 Plainfield, N.E. Plainfield, Michigan NP - 4-5-96 Merger/Branch Baylake Bank Sturgeon Bay, Wisconsin to acquire the assets and liabilities of The Bank, Manawa, Wisconsin, & establish a branch at 431 S. Bridge Street, Manawa, Wisconsin and at King, Wisconsin NP . ** Y-l Notice Newell Bancshares, Inc. Newell, Iowa First Community Bank Newell, Iowa NP - 3-21-96 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only cont’d Comment Period Ending Date Type Application Branch First State Bank of Maple Park Maple Park, Illinois at Southeast corner of Rte 47 & Prairie Valley St. Elbum, Illinois NP - ** Branch Fifth Third Bank of Central Indiana Indianapolis, Indiana State Road 135 and Fry Road Greenwood, Indiana NP - 4-6-96 Branch Fifth Third Bank of Central Indiana Indianapolis, Indiana 7272 Fishers Crossing Drive Fishers, Indiana NP - 4-6-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC-HC Iroquois Bancorp, Inc. Gilman, Illinois Craig L. Campbell & Douglas L. Campbell FR - 3-5-96 NP - 3-23-96 CoC-HC Palos Bancshares, Inc. Palos Heights, Illinois by Gregory J. Paetow FR - 3-12-96 NP - 3-23-96 Y-2 Valley Ridge Financial Corporation Kent City, Michigan Community Bank Corporation Grant, Michigan Grant State Bank Grant, Michigan* FR - 3-15-96 NP - 3-18-96 Y-2 Capitol Bancorp, Ltd. Lansing, MI Bank of Tucson Tucson, Arizona (in organization)* FR - 3-29-96 NP - 3-20-96 Y-2 LeMars Bancorporation, Inc. LeMars, Iowa Brunsville Bancorporation, Inc., Brunsville, Iowa First State Bank Brunsville, Iowa Merrill Bancorporation, Inc. Merrill, Iowa Farmers State Bank Merrill, Iowa* FR - 3-29-96 NP - 3-21-96 COC-HC Community Bancshares of Wisconsin, Inc. Grafton, Wisconsin by Gus J. Lukas FR - 3-21-96 NP - 3-31-96 Y-l CBR Holdings, Inc. Winnetka, Illinois Community Bank of Ravenswood Chicago, Illinois* (in organization) PR . ** NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type. Application Y-l Home Financial Bancorp Spencer, Indiana Owen Community Bank, s.b. Spencer, Indiana* FR - 3-29-96 NP _ ** Y-l Main Street Bancorp, Inc. Princeville, Illinois Princeville State Bank Princeville, Illinois* FR - 4-8-96 jsjp _ ** Y-l Figge Bancshares, Inc. Davenport, Iowa Ossian State Bank Ossian, Iowa Iowa State Bank Calmar, Iowa* FR - ** Fjp _ ** Y-2 Associated Banc-Corp., Green Bay, Wisconsin F&M Bankshares of Reedsburg, Inc. Reedsburg, Wisconsin Farmers & Merchants Bank Reedsburg, Wisconsin* FR - ** NP - ** Y-2 Associated Banc-Shares, Inc. Madison, Wisconsin F&M Bankshares of Reedsburg, Inc. Reedsburg, Wisconsin Farmers & Merchants Bank Reedsburg, Wisconsin* FR ** NP _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application Y-2 Firstar Corporation Milwaukee, Wisconsin Jacob Schmidt Company St. Paul, Minnesota American Bancorporation, Inc. St. Paul, Minnesota American Bank, NA St. Paul, Minnesota American Commercial Bank St. Paul, Minnesota American Bank Moorhead Moorhead, Minnesota American Bank Lake City Lake City, Minnesota* Y-2 Firstar Corporation of Minnesota Milwaukee, Wisconsin Jacob Schmidt Company St. Paul, Minnesota American Bancorporation, Inc. St. Paul, Minnesota American Bank, NA St. Paul, Minnesota American Commercial Bank St. Paul, Minnesota American Bank Moorhead Moorhead, Minnesota American Bank Lake City Lake City, Minnesota* Comment Period Ending Date * • FR - 4-19-96 *NP - ** FR - 4-19-96 NP - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Im Application 4(c)(8) Midstates Bancshares, Inc. Harlan, Iowa to engage in acting as principal, agent or broker for credit related insurance agency activities through its subsidiary, Midstates Financial Services, Inc. Harlan, Iowa FR - 3-19-96 4(c)(8) Midstates Bancshares, Inc. Harlan, Iowa to engage in trust functions and activities including Fiduciary, agency or custodial nature and real estate and personal property appraising through its subsidiary, Midstates Trust and Farm Management; Inc. Harlan, Iowa FR - 3-19-96 4(c)(8) Home Financial Bancorp Spencer, Indiana to engage in making, acquiring or servicing loans or other extensions of credit FR - 3-29-96 4(c)(8) First Chicago NBD Corporation Chicago, Illinois to acquire all of the issued and outstanding capital stock of Barrington Bancorp, Inc. Barrington, Illinois First Federal Savings Bank of Barrington Barrington, Illinois FR - 3-25-96 4(c)(8) First Chicago NBD Corporation Chicago, Illinois to exercise the option to acquire up to 19.9% of the currently issued and outstanding shares of common stock of Barrington Bancorp, Inc. Barrington, Illinois First Federal Savings Bank of Barrington Barrington, Illinois FR - 3-25-96 4(c)8 Sword Financial Corporation Horicon, Wisconsin to engage in making and servicing loans FR - 4-4-96 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)8 Heritage Bancshares Group, Inc. Minneapolis, Minnesota to engage in making and servicing loans FR - 4-5-96 4(c)(8) Founders Bancorp, Inc. Scottsdale, Arizona to engage de novo in general insurance activities pR _ ** 4(c)(8) IBT Bancorp, Inc. Mt. Pleasant, Michigan to engage in the sale of fixed and variable annuities through its subsidiary, IBT Financial Services, Inc. Mt. Pleasant, Michigan PR _ ** 4(c)(8) Firstar Corporation Milwaukee, Wisconsin American Credit Corporation St. Paul, Minnesota Lake City Agency, Inc. Lake City, Minnesota FR - 3-19-96 4(c)(8) Firstar Corporation of Minnesota Milwaukee, Wisconsin American Credit Corporation St. Paul, Minnesota Lake City Agency, Inc. Lake City, Minnesota FR - 3-19-96 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application -None- N - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve 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 22, 1996. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O- An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S- An institution in this group has a satisfactory record 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 substantial noncompliance record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION The Fanners State Bank 309 South Prairie P.O. Box 159 Brookston, Indiana 47923-0159 (317) 563-3135 EXAMINATION DATE 12/11/95 RATINGS S Federal Reserve Bank of St. Louis FOR THE W EEK ENDING M ARCH 22, 1996 SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER N O TICE Application E nd of Comment Period ■"Section 9 application by Springdale Bank & Trust, Springdale, Arkansas, to establish a branch at 2004 South Pleasant, Springdale, Arkansas. 4-15-96 •Section 9 application by Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky, to establish a full service ATM at 1135 Main Street, Millersburg, Kentucky. 4-12-96 n SECTION - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER N O TICE Application End of Comment Period •Section 3(a)(3) application by Old National Bancorp, Evansville, Indiana, to acquire The National Bank of Carmi, Carmi, Illinois. Newspaper: 4-18-96 APPLICATIONS SUBJECT TO FEDERAL REGISTER N O TICE Application E nd of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER N O TIC E OR NEWSPAPER NOTICE Application End of Comment Period Section 9 membership application by Citizens Bank & Trust Company, Van Buren, Arkansas. N/A •This application is subject to CRA. FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification 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 ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING March 22, 1996 Name of Bank None Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Pioneer Bank, Mapleton, Minnesota, for prior approval to merge with The First National Bank of Elmore, Elmore, Minnesota, and incident thereto, establish branches in Elmore, Minnesota and Delavan, Minnesota. Not yet availible FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Absarokee Bancorporation, Absarokee, Montana, for prior approval to acquire 100% of the voting shares of the United Bank of Columbus, N.A., Columbus, Montana, a de novo bank.* April 15, 1996 (Federal Register) Kenneth Erie to acquire control of 55.9% of the voting shares of MEDR Bankshares, Inc., Erskine, Minnesota. April 5, 1996 (Federal Register) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section IB - Applications Subject to Federal Register Notice Only Application Norwest Corporation, Minneapolis, Minnesota, to engage in residential mortgage lending through the acquisition of Next Home Mortgage, Clive, Iowa, a joint venture with Next Generation Realty, Inc. Comment Period Ending Date April 9, 1996 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending March 22, 1996 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution’s CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANKfSI EXAMINED DATE OF EXAMINATION CRA RATING First Community Bank 540 Second Avenue South Glasgow, Montana (406)228-8231 December 18, 1995 Satisfactory Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING D A T F None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Kanbanc, Inc., Overland Park, Kansas, for prior approval to acquire 51.6 percent of the voting shares of Citizens Bank of Norbome, Norbome, Missouri.* Not Available Community Bancshares of Marysville, Inc., Marysville, Kansas, for prior approval to acquire 100 percent of the voting shares of Community State Bank, Hanover, Kansas.* Not Available SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATF. Emprise Financial Corporation, Wichita, Kansas, for prior approval to acquire Wichita Federal Savings and Loan Association, Wichita, Kansas, and thereby engage in operating a savings association. April 4, 1996 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 depository institution's CRA performance, a rating is assigned from the following groups: Federal Reserve Bank of Kansas City 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 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/Location Exam Date CRA Public Date Community Bank & Trust P.O. Box 32282 Oklahoma City, Oklahoma 73123-0482 11-27-95 03-11-96 Satisfactory The Citizens Bank of Edmond P.O. Box 30 Edmond, Oklahoma 730o3-003U 12-11-95 03-14-96 Satisfactory Farmers State Bank & Trust P.O. Box 737 Lexington, Nebraska 68850-0737 12-11-95 03-14-96 Outstanding Shoshone First Bank P.O. Box 1330 Cody, Wyoming 82414-1330 12-11-95 03-15-96 Outstanding Gretna State Bank P.O. Box 519 Gretna, Nebraska 68028-0519 12-18-95 03-20-96 Outstanding CRA .. Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 18, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP *Section 3(a)(3) application by West Texas National Bancshares, Inc., Lockney, TX, to acquire Silverton Bancshares, Inc., Silverton, TX, and First State Bank, Silverton, TX (Previously reported during the week of 3-4-96) *Section 3(a)(3) application by Lockney Holding Company, Wilmington, DE, to acquire First State Bank, Silverton, TX (Previously reported during the week of 3-4-96) *Section 3(a)(1) application by Marlin Holding, Ltd., Marlin, TX, to acquire Central Delaware Financial Bancorp, Dover, DE, Central Financial Bancorp, Inc., Lorena, TX, Lorena State Bank, Lorena, TX, and Bank of Troy, Troy, TX 96/03/30 96/03/30 N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE NOTICE APPLICATION None.* * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF MARCH 18. 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. 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 None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/22/96 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date West One Bank, Idaho, Boise, Idaho, to merge with U.S. Bank of Idaho, National Association, Coeur D ’Alene, Idaho. * Newspaper: 4/13/96 Bank of America Nevada, Las Vegas, Nevada, to establish a branch office at the Mt. Rose Highway/395-Raley’s supermarket, located at 18144 Wedge Parkway, Reno, Nevada. * Newspaper: 4/11/96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Security Bank Holding Company, and Security Bank Holding Company ESOP, Coos Bay, Oregon, to acquire Lincoln Security Bank (In Organization), Newport, Oregon. * Newspaper: Not available Fed. Reg.: 4/19/96 Central Coast Bancorp, Salinas, California, to acquire Cypress Coast Bank, Seaside, California. * Newspaper: 4/19/96 Fed. Rea.: 4/22/96 Section III -Applications Subject to Federal Register Only Refiled: InterWest Bancorp, Reno, Nevada, to Fed. Reg.: engage in mortgage activities through the acquisition of InterWest Mortgage, A Nevada Corporation, Reno, Nevada. 3/28/96 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice (Cont’d.) First Utah Bank, Salt Lake City, Utah, to make an additional investment of $1.2 million in bank premises. First Savings Bank of Washington Bancorp, Inc., Walla Walla, Washington, to repurchase 1,091,062 shares of its common stock. * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/22/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Verdugo Banking Company 500 N Brand Blvd. Suite 1000 Glendale, CA 91209-0636 (818) 549-1000 Examination Date 12/11/95 Rating* Satisfactory *Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER