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H.2, 1995, No. 12
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending March 25, 1995
ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ADVISORY COUNCILS
Consum er A d v is o r y C o u n c i l .
C o n v e n e d , M arch 2 3 , 1995.
BANKS, FOREIGN
S t a n d a r d Bank o f S o u th A f r i c a L i m i t e d , J o h a n n e s b u r g ,
S o u th A f r i c a - - t o e s t a b l i s h a r e p r e s e n t a t i v e
o f f i c e i n New Y o r k , New Y o r k .
A p p r o v e d , M arch 2 2 , 1995.
REGULATIONS AND POLICIES
" M u tu a l
Funds:
R e se rv e
to
abou t th e
banks.
A n n o u n ce d ,
F e d e ra l
U n d e r s ta n d
b e g in
s a le
of
M arch 2 0 ,
Open M a r k e t
p u b lic o f
t e le p h o n e
A n n o u n ce d ,
th e
R is k s "
a n a t io n w id e
m u tu a l
fu n d s
--
e d u c a t io n
F e d e ra l
ca m p a ig n
and a n n u i t i e s
at
1995.
C o m m itte e
--
a v a ila b ilit y
to
th e
t r a n s c r i p t s o f e i g h t m e e tin g s and s i x
c o n f e r e n c e c a l l s h e l d d u r i n g 1989.
M arch
21,
1995.
I n t e r n a l a p p e a ls p r o c e s s - - g u i d e l i n e s f o r
i n s t i t u t i o n s w is h in g t o a p p e a l an a d v e r s e m a t e r i a l
s u p e r v i s o r y d e t e r m in a t i o n ( D o c k e t R -0 8 6 7 ) .
A p p ro ve d ,
M arch
22,
1995.
R e g u l a t i o n Y - - r e q u e s t f o r p u b l i c comment on
p ro p o s e d amendment c o n c e r n in g "n o c o n t r o l ”
d e t e r m in a t i o n s u n d e r t h e Bank H o ld in g Company A c t
(D o ck et R -0 8 7 2 ).
A p p r o v e d , M arch 2 2 , 1995.
R e g u la t io n Z - - r e p o r t t o
r e s c is s io n .
A p p r o v e d , M a rch 2 2 , 1995.
C ong ress
on r i g h t
of
H.2
MARCH 20,
PAGE 2
1995
TO
MARCH 24, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS:
BS&R - B a n k in g S u p e r v i s i o n and R e g u l a t i o n ; C&CA - Consum er and
Com m unity A f f a i r s ; FOMC F e d e r a l Open M a r k e t C o m m itte e ; FRBO - F e d e r a l R e s e r v e
Bank O p e r a t io n s ; I F - I n t e r n a t i o n a l F in a n c e ; OSDM - O f f i c e o f S t a f f D i r e c t o r
f o r Management
BANK BRANCHES■ DOMESTIC
C h ic a g o
Bank o f I l l i n o i s in N o rm a l, N o rm a l, I l l i n o i s - - t o
e s t a b l i s h a b r a n c h a t 502 N o r th P r o s p e c t R o a d .
A p p ro ve d ,
C le v e la n d
F ift h
M arch
T h ir d
22,
Bank o f
1995.
C o lu m b u s,
e s t a b l i s h a CBCT f a c i l i t y a t
U n i v e r s i t y F a w c e tt C e n t e r .
A p p ro ve d ,
M in n e a p o lis
22,
th e
O h io
O h io
--
to
S ta te
1995.
F i r s t A m e ric a n Bank V a l l e y , G ra n d F o r k s , N o r th D a k o ta
- - t o e s t a b l i s h a b r a n c h a t 200 R i v e r b o a t R oa d.
A p p ro ve d ,
P h ila d e lp h ia
M arch
C o lu m b u s,
M arch
22,
1995.
F i r s t C o m m e rc ia l B a n k , P h i l a d e l p h i a , P e n n s y lv a n ia
t o e s t a b l i s h a b r a n c h a t 6 90 8 -10 M a r k e t S t r e e t ,
--
U p p e r D a r b y , P e n n s y lv a n ia .
A p p r o v e d , M arch 2 1 , 1995.
San F r a n c i s c o
O reg on P a c i f i c B a n k in g Company, F l o r e n c e , O reg on - t o e s t a b l i s h a b r a n c h i n t h e S a fe w a y G r o c e r y S t o r e
a t 700 H ighw ay 101.
A p p r o v e d , M arch 2 4 , 1995.
Richm ond
P e n in s u la T r u s t Bank, I n c o r p o r a te d , G lo u c e s t e r ,
V i r g i n i a - - t o e s t a b l i s h a b r a n c h a t 832 N ew port
S q u a re S h o p p in g C e n t e r , N ew port News, V i r g i n i a .
A p p r o v e d , M a rch 2 4 , 1995.
C h ic a g o
Quad C i t y Bank and T r u s t Company, B e t t e n d o r f ,
t o e s t a b l i s h a b r a n c h a t 4540 B r a d y S t r e e t ,
D a v e n p o r t , Iow a.
A p p r o v e d , M arch 2 4 ,
M in n e a p o lis
Iowa
--
1995.
S t a t e Bank o f Ewen, Ewen, M ic h ig a n
b r a n c h i n B e r g l a n d , M ic h ig a n .
A p p r o v e d , M a rch 2 4 , 1995.
--
to
e s t a b lis h
a
H .2
MARCH 20, 1995
PAGE 3
TO
MARCH 24, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
C h ic a g o
C a p it a l
B a n c o rp ,
a c q u ir e
A p p ro ve d ,
C h ic a g o
C a s t le
L td .,
L a n s in g ,
G ran d Haven B a n k ,
M arch 2 2, 1995.
B a n c G ro u p ,
I n c .,
M ic h ig a n
--
G ran d H ave n ,
D e K a lb ,
to
M ic h ig a n .
I llin o is
--
to
a c q u i r e th e a s s e t s o f P r e m ie r Home F i n a n c i n g ,
Oak B r o o k , I l l i n o i s .
A p p r o v e d , M arch 2 3, 1995.
D i r e c t o r , BS&R
F o rt
Wayne N a t i o n a l
Corporat i o n ,
r e q u e s t f o r r e l i e f from
G r a n t e d , M arch 20, 1995.
M in n e a p o lis
F o rt
c e r t a in
W ayne,
I n c .,
I n d ia n a
c o m m itm e n ts .
F ra n d s e n F i n a n c i a l Corporat i o n , F o r e s t L a k e ,
M in n e s o t a - - t o a c q u ir e M in n e s o t a Banc H o ld in g
Com pany, P ly m o u t h , M in n e s o t a .
A p p r o v e d , M arch 24, 1995.
S t . L o u is
G a in e s v ille B a n csh a re s, I n c ., G a in e s v ille ,
- - t o a c q u ir e D o u g la s C o u n ty B a n c s h a r e s ,
M i s s o u r i , and D o u g la s C o u n ty
A p p r o v e d , M arch 2 2, 1995
D a lla s
N a t io n a l
G u l f S o u th w e s t B a n c o r p , I n c . , H o u s to n ,
G u l f S o u th w e s t Nevada B a n c o r p , I n c . ,
--
to
a c q u ir e
Texas
G u lf
Coast
M is s o u r i
I n c . , Ava,
Bank.
T e x a s , and
R e n o , Nevada
B a n co rp ,
Inc
,
H o u s t o n , T e x a s ; F i r s t Bank M a i n l a n d , La M a r q u e ,
T e x a s ; F i r s t Bank P e a r l a n d , P e a r l a n d , T e x a s : and
Texas C it y B an k, Texas C i t y , T e x a s .
A p p r o v e d , M arch 2 4 , 1995.
Richm ond
M in n e a p o lis
H a r r i s o n B a n k s h a r e s , In c , L o s t C r e e k , West
V i r g i n i a -- t o o r g a n iz e H a r r is o n M o rtg a g e s ,
and engage i n o r i g i n a t i n g m o rtg a g e lo a n s t o
on t h e s e c o n d a r y m a r k e t .
A p p r o v e d , M arch 2 2 , 1995.
K o o t e n a i B a n c o r p , I n c . , L i b b y , M on tana - - t o a c q u ir e
F i r s t N a t i o n a l Bank o f M o n ta n a , B u t t e , M o n t a n a .
A p p ro ved ,
K a n sa s
C it y
I n c .,
be s o ld
M arch
21,
1995
O v e r la n d B a n c o r p , I n c . , B e l t o n , M i s s o u r i
a c q u ir e s h a r e s o f Bank o f B e l t o n .
A p p r o v e d , M arch 2 0 , 1995
--
to
H .2
MARCH 20,
PAGE 4
1995
TO
MARCH
24
,
1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
GC
P a r k N a t i o n a l C o r p o r a t i o n , N ew ark, O h io
t h a t J . G i l b e r t R e e se be p e r m it t e d t o
-- req u e st
c o n tin u e to
s e r v e as a management o f f i c i a l a t t h e c o r p o r a t i o n
and The P a r k N a t i o n a l Bank w h ile s e r v i n g as a
management
o ff ic ia l
Loan A s s o c i a t i o n
G r a n t e d , M a rch 2 3 ,
at
F ir s t
F e d e ra l
S a v in g s
and
o f N ew ark.
1995.
BANK MERGERS
San
F r a n c is c o
Bank o f San Ramon V a l l e y , San Ramon, C a l i f o r n i a - - t o
a c q u i r e c e r t a i n a s s e t s and assume c e r t a i n d e p o s i t
l i a b i l i t i e s o f a b r a n c h o f A lam eda F i r s t N a t i o n a l
B a n k , A la m e d a , C a l i f o r n i a , a t 12111 A l c o s t a
B o u le v a r d , San Ramon, C a l i f o r n i a , and t o e s t a b l i s h
a b ra n ch
A p p ro ve d ,
San
F r a n c is c o
at
th a t
M arch
22,
lo c a t io n .
1995.
C o m m e rc ia l Bank o f F re m o n t, F re m o n t, C a l i f o r n i a - - t o
a c q u i r e c e r t a i n a s s e t s and assume c e r t a i n d e p o s i t
l i a b i l i t i e s o f two b r a n c h e s o f A lam ed a F i r s t
N a t i o n a l B a n k , A la m e d a , C a l i f o r n i a , a t 4501 E g g e r s
D r iv e and 40015 M i s s i o n B o u le v a r d , F re m o n t,
C a l i f o r n i a , and t o e s t a b l i s h b r a n c h e s a t th o s e
lo c a t io n s .
A p p r o v e d , M arch 2 2, 1995.
San
F r a n c is c o
C o n c o rd C o m m e rc ia l B a n k , C o n c o r d , C a l i f o r n i a - - t o
a c q u i r e c e r t a i n a s s e t s and assume c e r t a i n d e p o s i t
l i a b i l i t i e s o f a b r a n c h o f Alam eda F i r s t N a t i o n a l
B a n k , A la m e d a , C a l i f o r n i a , a t 6443 C la y t o n R o a d ,
C o n c o r d , C a l i f o r n i a , and t o e s t a b l i s h a b r a n c h a t
th a t lo c a t io n .
A p p ro ve d ,
R ichm ond
P r e m ie r
M arch
Bank
2 2,
1995.
- N o rth ,
H a y s i,
V ir g in ia
--
to
a c q u ir e
t h e a s s e t s and assume th e d e p o s i t l i a b i l i t i e s o f
t h e C o e b u rn and B i g S to n e G ap, V i r g i n i a , b r a n c h e s
o f N a t io n s B a n k , N . A . , R ich m o n d , V i r g i n i a .
A p p r o v e d , M arch 2 3 , 1995.
H.2
MARCH 20,
PAGE 5
1995
TO
MARCH 24,
1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS. STATE MEMBER
C e n tra l
C h ic a g o
S ta te
Bank,
d iv id e n d .
A p p r o v e d , M arch
M u s c a t in e ,
21,
Iowa
--
paym ent o f
a
1995.
CAPITAL STOCK
K a n sa s
C it y
U n io n S t a t e B a n c s h a r e s , I n c . ,
r e d e m p t io n o f s h a r e s .
A p p ro v e d , M arch 2 1, 1995.
C lin t o n ,
F ir s t
I n c .,
M is s o u r i
CHANGE IN BANK CONTROL
D a lla s
B u rk b u rn e tt
Texas -P e r m it t e d ,
M in n e a p o lis
M il a n
B a n csh a re s,
ch an g e in
M arch 2 4,
A gency,
I n c .,
B u rk b u rn e tt,
bank c o n t r o l ,
1995.
M i l a n , M in n e s o t a
b ank c o n t r o l .
R e t u r n e d , M arch 2 2 ,
change
in
1995.
COMPETITIVE FACTORS REPORTS
C h ic a g o
A c k le y
S ta te
Bank,
c e r t a in a s s e ts
1ia b ilit ie s of
A c k le y ,
F S B , F a r g o , N o r th D a k o ta
fa c to rs .
S u b m it t e d , M arch 2 3, 1995.
A t la n t a
New Y o rk
p ro p o s e d
--
p u rch a se
of
th e d e p o s it
o f F ir s t Bank,
re p o rt
on c o m p e t it i v e
A m e ric a n S a v in g s B a n k , F . S . B . , M ia m i, F l o r i d a ,
p ro p o s e d m erg er w it h F i r s t U n io n N a t i o n a l Bank
F l o r i d a , J a c k s o n v i l l e , F l o r i d a - - r e p o r t on
c o m p e t it i v e f a c t o r s .
S u b m it t e d , M arch 2 2, 1995.
of
C hase M a n h a tta n B a n k , N . A . , New Y o r k , New Y o r k ,
p ro p o s e d m e rg e r w it h C hase S a v in g s B a n k , ~~ r e p o r t
on c o m p e t i t i v e f a c t o r s .
S u b m it t e d ,
New Y o rk
Io w a ,
and a s s u m p tio n o f
t h e A c k le y b r a n c h
M arch
2 1,
1995.
C hase S a v in g s B a n k , New Y o r k , New Y o r k , p ro p o s e d
m erg er w it h The C hase M a n h a tta n Bank o f
C o n n e c t ic u t , N . A ., B r id g e p o r t , C o n n e c tic u t
r e p o r t on com pet i t iv e f a c t o r s .
S u b m it t e d , M arch 21, 1995.
H.2
MARCH 20,
PAGE 6
1995
TO
MARCH 24,
1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
C h ic a g o
A t la n t a
C i t i z e n s B a n k , FSB , N o rm a l, I l l i n o i s , p r o p o s e d merger
w it h F a r i b u r y F e d e r a l S a v in g s and L o an A s s o c i a t i o n ,
F a ir b u r y , I l l i n o i s
fa c to rs .
S u b m it t e d , M arch 2 3 ,
--
C o ra l
S a v in g s
G a b le s
F e d e ra l
C o ra l
G a b le s ,
U n io n
N a t io n a l
rep o rt
on c o m p e t i t i v e
1995.
F lo r id a ,
Bank
and Loan
m e rg e r
F lo r id a ,
J a c k s o n v ille ,
of
F l o r i d a - - r e p o r t on c o m p e t i t i v e
S u b m it t e d , M arch 2 2 , 1995.
A t la n t a
D a lla s
Fi r s t
M arch
N a t io n a l
20,
Bank,
w it h
F ir s t
fa c to rs .
F i r s t B a n k , W a d le y , A la b a m a , p r o p o s e d
R a n d o lp h B a n c s h a r e s , I n c . - - r e p o r t
fa c to rs .
S u b m it t e d ,
A s s o c ia t io n ,
p ro p o se d
m e rg e r w it h
on c o m p e t i t i v e
1995.
A th e n s,
Texas,
p ro p o se d
p u rch a se
o f t h e a s s e t s and a s s u m p tio n o f t h e l i a b i l i t i e s
two b r a n c h e s o f Bank One, T e x a s , N . A . , D a l l a s ,
T e x a s , l o c a t e d i n A th e n s and C a n to n , T e x a s -r e p o r t on c o m p e t i t i v e f a c t o r s .
S u b m it t e d , M arch 2 0, 1995.
Richm ond
F i r s t N a t i o n a l B a n k , O ra n g e b u r g , S o u th C a r o l i n a ,
p r o p o s e d p u r c h a s e o f c e r t a i n a s s e t s and a s s u m p tio n
o f t h e l i a b i l i t i e s o f two W a l t e r b o r o , S o u th
C a r o l i n a , b r a n c h e s o f N a t io n s B a n k , N . A .
(C a r o l i n a s ) , C h a r l o t t e , N o r t h C a r o l i n a -- r e p o r t on
c o m p e t it iv e f a c t o r s .
S u b m it t e d ,
S t.
L o u is
M arch
21,
1995.
F i r s t N a t i o n a l Bank o f E f f in g h a m , E f f in g h a m ,
I l l i n o i s , p ro p o s e d m e rg e r w it h The H a r r i s b u r g
N a t i o n a l B an k , H a r r i s b u r g ,
c o m p e t it iv e f a c t o r s .
S u b m it t e d ,
M in n e a p o lis
of
F ir s t
S ta te
p ro p o se d
D a k o ta ,
D a k o ta
M arch
Bank,
21,
I llin o is
--
re p o rt
1995.
FS B ,
a c q u is it io n
B e re s fo rd ,
of
th e
S o u th
F la n d r e a u ,
D a k o ta ,
S o u th
b ra n c h o f F i r s t B a n k , FS B , F a r g o ,
-- r e p o r t on c o m p e t i t i v e f a c t o r s .
S u b m it t e d ,
M arch
21,
on
1995.
N o r th
H.2
MARCH 20, 1995
PAGE 7
TO
MARCH 24, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
C h ic a g o
F ir s t a r
Bank Quad C i t i e s ,
p ro p o s e d
m erg er w it h
- - r e p o r t on c o m p e t i t i v e
S u b m it t e d , M arch 21, 1995.
C h ic a g o
N.A.,
F ir s t a r
D a v e n p o rt,
Iow a,
Bank D a v e n p o r t ,
N. A.
fa c to rs .
G ran d Haven B a n k , G ran d H ave n , M ic h ig a n , p ro p o s e d
p u r c h a s e o f a s s e t s and a s s u m p tio n o f l i a b i l i t i e s
of
th e G ran d Haven b r a n c h o f P a ra g o n Bank & T r u s t ,
H o lla n d , M ic h ig a n - - r e p o r t on c o m p e t i t i v e f a c t o r s .
S u b m it t e d ,
M arch
22,
1995.
Richm ond
J e f f e r s o n N a t io n a l Bank, C h a r l o t t e s v i l l e , V i r g i n i a ,
p ro p o s e d p u r c h a s e o f c e r t a i n a s s e t s and a s s u m p tio n
o f c e r t a i n l i a b i l i t i e s o f th e W a y n e sb o ro , V i r g i n i a ,
b ra n c h o f 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 o a n o k e , V i r g i n i a - - r e p o r t on c o m p e t i t i v e f a c t o r s .
S u b m it t e d , M arch 2 1, 1995.
B o s to n
K en n ebec S a v in g s B a n k , A u g u s ta , M a in e , p ro p o s e d
m erg er w it h W a t e r v i l l e S a v in g s and Loan
A s s o c ia t io n , W a t e r v ille ,
c o m p e t it i v e f a c t o r s .
S u b m it t e d , M arch 2 4, 1995.
K an sas
C it y
C h ic a g o
--
rep o rt
on
Lakewood S t a t e B a n k , Lakew ood, C o lo r a d o , p r o p o s e d
m erg er w it h T h i r t y S e co n d Avenue C o r p o r a t io n - r e p o r t on c o m p e t i t i v e f a c t o r s .
S u b m it t e d , M arch 2 4 , 1995.
N o r th w e s t F e d e r a l S a v in g s B a n k , S p e n c e r , Iow a,
p ro p o s e d p u r c h a s e o f t h e a s s e t s and a s s u m p tio n o f
th e l i a b i l i t i e s o f t h e B e lm on d , C h a r le s C i t y , L ake
M i l l s , and O sa g e , Iow a, b r a n c h e s o f F i r s t B a n k ,
FSB , F a r g o , N o r t h D a k o ta - - r e p o r t on c o m p e t i t i v e
fa c to rs .
S u b m it t e d ,
K a n sa s
M a in e
C it y
M arch
2 4,
1995.
N o rw e st Bank C o lo r a d o , N . A . ,
p r o p o s e d m e rg e r w it h F i r s t
P a r k e r , C o lo r a d o - - r e p o r t
S u b m it t e d ,
M arch
22,
1995.
D e n v e r , C o lo r a d o ,
N a t i o n a l Bank o f P a r k e r ,
on c o m p e t i t i v e f a c t o r s .
H .2
MARCH 20, 1995
PAGE 8
TO
MARCH 24, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COM PETITIVE FACTORS REPORTS
K a n sa s
C it y
R a i l r o a d S a v in g s
a c q u is it io n o f
F a r g o , N o r th
fa c to rs .
S u b m it t e d ,
B o sto n
S a v in g s
D a k o ta
M arch
Bank o f
p ro p o s e d
Bank,
se v e n
20,
FSB , W i c h i t a , K a n s a s , p ro p o s e d
b r a n c h e s o f F i r s t B a n k , FS B ,
--
rep o rt
on c o m p e t i t i v e
1995.
M a n c h e s te r,
a c q u is it io n
of
M a n s h e s te r,
a s s e ts
and
C o n n e c tic u t,
a s s u m p tio n
of
c e r t a i n l i a b i l i t i e s o f two b r a n c h e s o f C e n t e r b a n k ,
W a t e r b u r y , C o n n e c t i c u t - - r e p o r t on c o m p e t i t i v e
fa c to rs .
S u b m it t e d , M arch 2 4, 1995.
San
F r a n c is c o
W a s h in g to n
F e d e ra l
S a v in g s
and Loan
A s s o c ia t io n ,
S e a t t l e , W a s h in g to n , p r o p o s e d p u r c h a s e o f a s s e t s
and a s s u m p tio n o f l i a b i l i t i e s o f W est C o a s t M u tu a l
S a v in g s B a n k , C e n t r a l i a , W a s h in g to n - - r e p o r t on
c o m p e t it iv e f a c t o r s .
S u b m it t e d , M arch 2 4 , 1995.
Kansas
C it y
W e ste rn B a n k , G a l l u p , New M e x ic o , p ro p o s e d m e rg e r
w it h W e ste rn B a n k , F a r m in g t o n , New M e x ic o - - r e p o r t
on c o m p e t i t i v e f a c t o r s .
S u b m it t e d , M arch 2 1 , 1995.
EXTENSIONS OF TIME
C h ic a g o
Bank o f M o n t r e a l, T o r o n t o , C a n a d a , and Bankmont
F i n a n c i a l C o r p . , New Y o r k , New Y o r k - - e x t e n s io n
r e t a in c e r t a in s u b s id ia r ie s .
G r a n t e d , M arch 2 2 , 1995.
San F r a n c i s c o
B a n k A m e ric a C o r p o r a t i o n , San F r a n c i s c o ,
e x t e n s io n t o d i v e s t c e r t a i n s t o c k .
G r a n t e d , M arch 2 2 , 1995.
C le v e la n d
Com m unity F i r s t B a n c S h a r e s , I n c . , F o r e s t , O h io - e x t e n s io n t o J u l y 5 , 1995, t o a c q u i r e Comm unity
F i r s t Bank, N. A.
G r a n t e d , M arch 2 3 ,
San F r a n c i s c o
C a lif o r n ia
1995.
D a i - I c h i Kangyo B a n k , L i m i t e d , T o k y o , Ja p a n
e x t e n s io n t o d i v e s t c e r t a i n p r o p e r t y .
G r a n t e d , M arch 2 2 , 1995.
--
to
--
H .2
MARCH 20,
PAGE 9
1995
TO
MARCH 24,
1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
F i r s t Com m unity B a n k , I n c . , P r i n c e t o n , New J e r s e y
e x t e n s io n t o Ju n e 2 2 , 1995, t o merge w it h
Richm ond
A m e rib a n k ,
G ra n te d ,
M in n e a p o lis
Inc.,
M arch
21,
W e lc h ,
West V i r g i n i a .
1995.
F i r s t I n t e r s t a t e Bank o f Commerce, B i l l i n g s ,
M ontana - - e x t e n s io n t o May 12, 1995, t o merge w it h
F i r s t C i t i z e n s Bank o f
G r a n t e d , M arch 2 2 , 1995.
Richm ond
--
Bozem an,
Bozem an,
M o n ta n a .
N a t io n s B a n k , N . A . C C a r o l i n a s ) , C h a r l o t t e , N o r th
C a r o l i n a - - e x t e n s io n t o O c t o b e r 8 , 1995, t o
e s t a b l i s h a b r a n c h in Hong K ong.
G r a n t e d , M arch 2 3 , 1995.
N a t io n s B a n k
Richm ond
C o r p o r a t io n ,
e x t e n s io n t o
E n e rg y CUK),
c e r t a in
G ra n te d ,
A t la n ta
fu tu re s
M arch
C h a r lo t t e ,
N o r th
C a r o lin a
--
Ju n e 2 6 , 1995, f o r N a t io n s B a n c - C R T
L t d . , L o n d o n , E n g la n d , t o engage in
21,
c o m m is s io n
m e rch a n t
a c t iv it ie s .
1995.
Smyrna Bank and T r u s t C o . , Sm yrna, G e o r g ia - e x t e n s io n t o Ju n e 6 , 1995, t o e s t a b l i s h a b ra n c h
f a c i l i t y a t 1755 Powder S p r in g s
G e o r g ia .
G r a n t e d , M arch 2 3 , 1995.
Road,
M a r ie t t a ,
MEMBERSHIP
New Y o rk
I n t e r c h a n g e S t a t e B a n k , S a d d le B r o o k , New J e r s e y - t o become a member o f t h e F e d e r a l R e s e r v e S y ste m .
A p p ro v e d , M arch 2 2 , 1995.
RESERVE BANK OPERATIONS
D ir e c t o r ,
FRBO
F e d e r a l R e s e r v e Bank o f Richm ond - - t o a c q u ir e
r e a d e r / s o r t e r s and r e l a t e d m i c r o f i l m e r e q u ip m e n t.
A p p r o v e d , M arch 2 0 , 1995.
D ir e c t o r ,
FRBO
F e d e ra l
R e se rv e
Bank
of
S t.
L o u is
im age e q u ip m e n t and s o f t w a r e .
A p p r o v e d , M a rch 2 0 , 1995.
--
to
a c q u ir e
check
H .2
MARCH 20,
PAGE 10
ADDITIONS AND CORRECTIONS
1995
TO
MARCH 24,
1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
F&M B a n c o r p ,
H.
D e e ts
F r e d e r ic k ,
W a r fie ld ,
M a r y la n d
Jr.,
be
--
req u e st
p e r m it t e d
to
th a t
c o n tin u e
t o s e r v e as a management o f f i c i a l a t F&M B a n c o rp
and F a rm e rs and M e c h a n ic s N a t i o n a l Bank w h ile
s e r v i n g a s a management o f f i c i a l a t F i r s t C i t i z e n s
F i n a n c i a l C o r p o r a t io n and C i t i z e n s
F . S . B . , S i l v e r S p r i n g , M a r y la n d .
G r a n t e d , M arch 17, 1995.
S a v in g s
Bank
F o u r t h F i r s t B a n c o r p , H u n t in g b u r g , I n d ia n a - - r e q u e s t
t h a t E d g a r M u lz e r be p e r m it t e d t o c o n t in u e t o s e r v e
as a management o f f i c i a l a t F o u r t h F i r s t B a n c o rp
and F i r s t Bank o f H u n t in g b u r g w h ile s e r v in g as a
management o f f i c i a l a t
I n d ia n a .
G r a n t e d , M arch 17, 1995.
M u lv a n e
B a n k sh a res,
Inc.,
L in c o ln la n d
M u lv a n e ,
Bank,
Kansas
D a le ,
--
req u e st
t h a t F r a n k C a r s o n , J r . , be p e r m it t e d t o c o n t i n u e t o
s e r v e as a management o f f i c i a l a t M u lv a n e
B a n k s h a r e s and M u lv a n e S t a t e Bank w h ile s e r v i n g as
a management o f f i c i a l a t I n t r u s t F i n a n c i a l
C o r p o r a t i o n and I n t r u s t
K ansas.
G r a n t e d , M arch 17, 1995.
Bank,
N.A.,
W ic h it a ,
T r a n s W o r ld B a n c o r p , Sherman O a k s, C a l i f o r n i a - r e q u e s t t h a t L o u i s J . G a le n be p e r m it t e d t o
c o n t i n u e t o s e r v e as a management o f f i c i a l a t
T r a n s W o r ld B a n c o rp and T r a n s W o r ld Bank w h ile
s e r v i n g as a management o f f i c i a l a t G o ld e n West
F i n a n c i a l C o r p o r a t io n and W o rld S a v in g s and Loan
A s s o c i a t i o n , O a k la n d , C a l i f o r n i a .
G r a n t e u , M arch 17, 1995.
T ru s tm a rk C o r p o r a t io n , J a c k s o n , M i s s i s s i p p i - r e q u e s t t h a t F r a n k R. Day and T . H. K e n d a l l , I I I ,
be p e r m it t e d t o c o n t i n u e t o s e r v e as management
o f f i c i a l s a t T r u s tm a r k C o r p o r a t i o n and T r u s tm a r k
N a t i o n a l Bank w h ile s e r v i n g as management o f f i c i a l s
a t o th e r a f f i l i a t e d in s t it u t io n s .
G r a n t e d , M arch 17, 1995.
H.2
MARCH 20, 1995
PAGE 11
ADDITIONS AND CORRECTIONS
TO
MARCH 24,
1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
R e g u la t i o n
L
--
e x t e n s io n
of
c e r t a in
g ra n d fa th e re d
management i n t e r l o c k s u n t i l November 10, 1998,
d e le g a t io n o f a u t h o r it y t o th e G e n e ra l C o u n se l
a p p ro v e su ch r e q u e s t s .
A p p ro v e d , M arch 17, 1995.
and
to
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
C le v e la n d
Commerce E x ch a n g e
Bank,
Beachw ood,
e s t a b l i s h a CBCT f a c i l i t y
M a ll.
A p p ro v e d , M arch 14, 1995.
at
O h io
--
to
th e
Beachwood
P la c e
R u d o lp h B a n c s h a r e s , I n c . , R u d o lp h ,
ch an g e in bank c o n t r o l .
R e t u r n e d , M arch 16, 1995.
W is c o n s in
--
CHANGE IN BANK CONTROL
C h ic a g o
COMPETITIVE FACTORS REPORTS
K a n sa s
C it y
S e c re ta ry
H a r la n C o u n ty , A lm a, N e b r a s k a , p ro p o s e d m erg er w it h
Y o rk S t a t e Bank and T r u s t Company, Y o r k , N e b ra sk a
- - r e p o r t on c o m p e t it i v e f a c t o r s .
S u b m it te d , M arch 16, 1995.
S a v in g s Bank o f M e n d o c in o C o u n t y , U k ia h , C a l i f o r n i a ,
p ro p o s e d a c q u i s i t i o n o f t h e U k ia h b ra n c h o f U .S .
Bank o f C a l i f o r n i a , S a c ra m e n to , C a l i f o r n i a
r e p o r t on c o m p e t it i v e f a c t o r s .
S u b m it te d , M arch 16, 1995.
FEDERAL RESERVE BANK OF BOSTON A P P L IC A T IO N S
Application
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date
Application
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Comment Period Ending Date
Application
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
.Examination ....D-ate
Rating**
Fleet Bank - NH
8/8/94
One Indian Head Plaza
Nashua, New Hampshire
03060
Phone:
(603) 594-5000
"O"
Fleet Bank of Maine
One City Center
Portland, Maine 04104
Phone: (207) 87 4-500 0
"O"
8/8/94
*Subject to CRA.
**Rating Definitions:
"O" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
"N"
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
The HongKong and Shanghai Banking Corporation Limited,
Hong Kong, to establish a representative office in
Dallas, Texas.
N/A
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
The Chase Manhattan Corporation, New York, New York,
(1) to merge with U.S. Trust Corporation, New York,
New York ("USTC"), and thereby to acquire USTC's
wholly-owned subsidiary, United States Trust Company of
New York, New York, New York; and (2) to acquire: (i) USTC's
wholly-owned direct subsidiaries, Mutual Funds Services
Company, Boston, Massachusetts, and U.S. Trust Company of
Wyoming, Cody, Wyoming, and (ii) certain assets and
liabilities associated with certain custodial relationships
from the U.S. Trust Company of California, N.A..
Los Angeles, California. 1/
4/23/95
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
National Bank of Greece, Athens, Greece ("Applicant"), to
continue to engage, through Applicant's wholly-owned
subsidiary, Worthington Limited Partnership, New York,
New York, in (i) making and servicing loans, and
(ii) leasing activities, consistent with
Sections 225.25(b)(1) and (5) of Regulation Y,
respectively.
SECTION IV
Applications Not Involving
______ Public Comment______
None.
1/ Subject to the provisions of the Community Reinvestment Act.
N/A
3/
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate -income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate -income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources an
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending March 24. 1995
1/
2/
3/
4/
NAME OF BANK
RATING
EXAMINATION DATE
First State Bank
3 Main Street
Canisteo, New York
Outstanding
November 7, 1994
14719
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Availables
S e c tio n I - APPLICATIO NS SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
NONE
1/Subject to provisions of community Reinvestment Act.
FEDERAL RESERVE BANK OF PHILAD ELPHIA
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 24, 1995.
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
Oatstanding 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•
Meeds 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
NONE
Examination Date
CRA Rating
Fe d e r a l R e s e r v e B a n k
of C leveland
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending March 25,1995)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received application from Dime Bank, Marietta, Ohio,
on March 8, 1995, of its intent to establish a mobile branch
which will transact branching activities in the Washington
County, Ohio, area.
* Not Yet Known #
Received application from Ohio Heritage Bank, Coshocton,
Ohio, on March 8, 1995, requesting permission to become
a member of the Federal Reserve System.
* April 6, 1995
Received application from Apollo Trust Company, Apollo,
Pennsylvania, on March 21, 1995, requesting permission to
become a member of the Federal Reserve System.
* Not Yet Known #
Received notification from Fifth Third Bank of Southern Ohio,
Hillsboro, Ohio, on March 17, 1995, of its intent to establish
a branch facility at 324 Chillicothe Street, Portsmouth, Ohio.
* April 24, 1995
Received notification from The Provident Bank of Ohio,
Cincinnati, Ohio, on March 23, 1995, of its intent to establish
a branch facility at 6005 Kenwood Road, Cincinnati, Ohio.
* April 11, 1995
Received notification from Fifth Third Bank, Cincinnati, Ohio,
on March 14, 1995, of its intent to establish branch facilities
at 1825 Snow Road, Parma, Ohio, and 857 Graham Road,
Stow, Ohio.
* Not Yet Known #
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE
Received application from First Financial Bancorp, Hamilton,
Ohio, on March 14, 1995, to acquire Peoples Bank and Trust
Company, Sunman, Indiana, pursuant to Section 3 of the Bank
Holding Company Act.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt
*F: April 14, 1995
F e d er a l R e ser v e B a n k
of C l e v e l a n d
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387
Received application from Pikeville National Corporation and
* Not Yet Known #
Pikeville Acquisition Corp., both of Pikeville, Kentucky, on
March 24, 1995, to acquire Woodford Bancorp, Inc., Versailles,
Kentucky, pursuant to Section 3 of the Bank Holding Company Act.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4(c)(8) notice from KeyCorp, Cleveland, Ohio,
and Key Bancshares of Wyoming, Cheyene, Wyoming, of their
intent to engage in mortgage and consumer lending activities through
a not-yet named subsidiary, pursuant to Section 225.25(b)(1) of
Regulation Y.
Not Yet Known
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(March 24, 1995)
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 24,
1995. If you are interested in obtaining a copy of an evaluation document, please contact the
bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and 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 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
Haywood Bancshares, Inc., Waynesville,
North Carolina, to become a bank holding
company through the acquisition of 100%
of the voting shares of Haywood Savings
Bank, Inc., SSB, Waynesville, North Carolina.*
3-28-95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
James River Bankshares, Inc., Suffolk,
Virginia, to become a bank holding company
through the acquisitions of 100% of the
voting shares of Bank of Suffolk, Suffolk,
Virginia, and The Bank of Waverly, Waverly,
Virginia.*
4-20-95**
First Community Corporation, Columbia, South
Carolina, to become a bank holding company
through the acquisition of 100% of the voting
shares of First Community Bank, Lexington,
South Carolina (an organizing bank).*
4-22-95
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
C & F Financial Corporation, West Point,
Virginia, to engage de novo in providing
securities brokerage services through a
subsidiary to be known as C & F Investment
Services, Inc., West Point, Virginia.
4-7-95**
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
First Community Bank of Saltville,
Saltville, Virginia (proposed successor
to The First National Bank of Saltville),
for membership in the Federal Reserve
System.
-'Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.
Federal Reserve Bank of Richmond
A v a ila b ilit y
of
CRA P u b l i c
Week e n d in g M a rch
D e fin it io n
re co rd
in s t it u t io n
in ,
com m unity c r e d i t
g ro u p h a s
and h e l p i n g
co m m u n ity ,
reco rd
in s t it u t io n
h e lp in g
to
in c lu d in g
w it h
Needs
t h is
it s
to
m eet
lo w -
im p ro v e
th is
th e
reco rd
in
to
in c lu d in g
c o n s i s t e n t w it h
it s
g ro u p
lo w -
reco rd
c r e d it
needs
it s
an d
it s
is
a le a d e r
e n t ir e
n e ig h b o r h o o d s ,
and c a p a b i l i t i e s .
needs.
a s a t is fa c t o r y
of
o f,
of
and m o d e r a te -in c o m e
re so u rce s
e n t ir e
re co rd
of
d e lin e a t e d
n e ig h b o r h o o d s ,
in
m eet
lo w -
to
th e
to
c r e d it
im p ro v e
needs
and m o d e r a te -in c o m e
a s c e r t a in in g
a m anner c o n s i s t e n t
in
m e e tin g
m eet
th e
of
o v e r a ll
it s
e n t ir e
re co rd
of
com m unity c r e d i t
in
a m anner
c r e d it
needs
of
needs.
d e f ic ie n t
it s
e n t ir e
reco rd
of
asce r
d e lin e a t e d
n e ig h b o r h o o d s ,
in
a m anner
and c a p a b i l i t i e s .
D a te
asce r
d e lin e a t e d
n e ig h b o r h o o d s ,
a s u b s t a n t ia lly
and m o d e r a te -in c o m e
re so u rces
needs.
it s
E x a m in a t io n
None.
and
co m m u n ity ,
and c a p a b i l i t i e s .
g ro u p h a s
lo w -
com m unity c r e d i t
needs
re so u rces
t h is
and h e l p i n g
com m u n ity,
needs
o f m e e tin g
t h is
it s
in
needs.
an d c a p a b i l i t i e s .
S u b s t a n t i a l n o n c o m p lia n c e
An i n s t i t u t i o n
m eet th e
and m o d e r a te -in c o m e
in c lu d in g
c o n s i s t e n t w it h
ta in in g
1995
an o u t s t a n d i n g
com m unity c r e d i t
g ro u p h a s
c r e d it
and h e l p i n g
com m u n ity ,
it s
o f m e e tin g
reso u rces
An i n s t i t u t i o n
t a in in g
in
to
in c lu d in g
a m anner c o n s i s t e n t w it h
S a t is f a c t o r y
An
o f m e e tin g
in
a s c e r t a in in g
d e lin e a te d
in
24,
o f R a t in g s
O u t s t a n d in g
An
E v a lu a t io n s
R a t in g
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 24. 1995
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
None.
Section 2 - Applications Sub-iect to Both
Newspaper and Federal Register Notice
Application.
Comment Period Ending Date
Childersburg Bancorporation
Not yet available*
Childersburg, Alabama
Change in control notice by Herbert Marvin Barnard Eula Tabor
Brooks, Otha Wilson Cole, Mildred Louise Olszewski, John Vickers,
Jr., and Kenneth Dean Willis, to collectively acquire 48.8 percent
of outstanding common stock of Childersburg Bancorporation, Inc.,
Childersburg, Alabama.
FirstBancorp, Inc.
04-14-95*
Marathon, Florida
Federal Register
To
acquire
Gulf
Coast National
Bank,
Naples,
Florida
(in
organization), pursuant to Section 3(a)(3) of the Bank Holding
Company Act.
First National Bancorp
04-06-95*
Gainesville, Georgia
Newspaper
To merge with FF Bancorp, Inc., New Smyrna Beach, Florida,
thereby directly acquire its bank holding company subsidiary,
Bancshares, Inc., Tampa, Florida, and its bank subsidiary, The
Bank of Florida, Tampa, Florida, pursuant to Section 3( a ) (5) of
Bank Holding Company A c t .
and
Key
Key
the
First National Bancorp
04-06-95*
Gainesville, Georgia
Newspaper
To acquire FF Bancorp, Inc., New Smyrna Beach, Florida, and thereby
acquire its subsidiaries, First Federal Savings Bank of New Smyrna,
New Smyrna Beach, Florida, and First Federal Savings Bank of Citrus
County, Inverness, Florida, pursuant to Section 225.25(b)(9) of
Regulation Y and Section 4 ( c ) (8) of the Bank Holding Company Act.
*Subject to the provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 24. 1995
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Wayne Bancorp, Inc.
03-28-95*
Jesup, Georgia
Change in control notice by John Ashley Dukes, to acquire an
additional .03 percent of the outstanding shares of Wayne Bancorp,
Inc., Jesup, Georgia.
Total ownership will equal 10.02 percent
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
Central and Southern Holding Company
04-12-95*
Milledgeville, Georgia
To acquire 5.71 percent of Nova Financial Corporation, Atlanta,
Georgia, and engage in data processing activities, pursuant to
Sections 4( c ) (8) of the Bank Holding Company Act and 225.25(b)(7)
of Regulation Y.
Union Bancshares of Campbell County, Inc.
04-12-95
Jellico, Tennessee
After-the-fact notice to retain 6.1 percent of the outstanding
shares of Gem City Development Corporation, Jellico, Tennessee,
pursuant to Sections 4(c)(8) of the Bank Holding Company Act and
225.25(b)(6) of Regulation Y.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 24, 1995
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:
O u t s t a n d in g
r e c o r d o f m e e t in g c o m m u n ity c r e d i t n e e d s :
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated!
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
S a t i s f a c t o r y r e c o r d o f m e e t in g co m m u n ity c r e d i t n e e d s :
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.
N e e d s t o im p r o v e r e c o r d o f m e e t in g c o m m u n ity c r e d i t n e e d s :
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.
S u b s t a n t i a l n o n c o m p lia n c e i n m e e t in g c o m m u n ity c r e d i t n e e d s : 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.
xamination
Bank
None.
Rating
Date
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Iyp.a
Application
Comment Period
Ending Date
Branch
Old Kent Bank(formerly Old Kent Bank
& Trust Company)
Grand Rapids, Michigan
248 Culver
Saugatuck, Michigan
N - 4-1-95
Merger/Branch
Bank of Oakfield
Oakfield, Wisconsin
Van Dyne branch of M&I Central State Bank
Ripon, Wisconsin
N - **
Branch
Comerica Bank
Detroit, Michigan
4225 Breton Road, S.E.
Grand Rapids, Michigan
N - 4-4-95
EFT
Isabella Bank and Trust
Mount Pleasant, Michigan
Wal-Mart Store, 4208 E. Bluegrass Road
Mount Pleasant, Michigan
N - **
Membership
First Evanston Bank & Trust Co.
Evanston, Illinois
to become a member of the Federal
Reserve System
NP - **
Branch
DeMotte State Bank
DeMotte, Indiana
1501 South Heaton
Knox, Indiana
NP
4-28-95
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register-Notice
Comment Period
Ending Bate
T ype.
Application
CoC-HC
Jefferson County Bancorp, Inc.
Jefferson, Wisconsin
Robert L. Martin and Beverly S. Martin
FR - 3-20-95
NP - **
Y-l
Oconomowoc Bancshares, Inc.
Oconomowoc, Wisconsin
First Bank of Oconomowoc
Oconomowoc, Wisconsin*
FR - 3-20-95
NP - 3-17-95
Y-2
Greatbanc, I n c .
Aurora, Illinois
Greatbank
Algonquin, Illinois*
FR - 4-7-95
NP - 4-16-95
CoC-HC
Heritage Community Bancorporation, Inc.
Glenwood, Illinois (formerly Riverdale
Bancorporation, Inc.)
John M. Saphir
FR - 3-21-95
NP - 3-19-95
Y-2
Citizens Financial Corporation Employee
Stock Ownership Plan
Fort Atkinson, Wisconsin
Citizens Financial Corporation
Fort Atkinson, Wisconsin
Citizens State Bank
Fort Atkinson, Wisconsin*
FR - 3-31-95
NP - 3-30-95
CoC-HC
Rudolph Bancshares,
Rudolph, Wisconsin
James R. Judd
FR - 4-5-95
NP - **
Y-2
Norton Capital Corporation
Morris, Illinois
Sheridan Bancorp, Inc.
Morris, Illinois
Sheridan State Bank
Sheridan, Illinois*
FR - 4-7-95
NP - 4-15-95
Y-l
First Mutual Bancorp, Inc.
Decatur, Illinois
First Mutual Bank, F.S.B.
Decatur, Illinois*
FR - 2-3-95
NP - 3-20-95
Y-l
PSB Holdings, Inc.
Wausau, Wisconsin
Peoples State Bank
Wausau, Wisconsin*
FR - **
NP - 3-22-95
Inc.
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Comment P eriod
Ending Date
TYBfi
Application
Y-l
New Central Illinois Financial Co., Inc.
Champaign, Illinois
Banklllinois Financial Corporation
Champaign, Illinois
Banklllinois
Champaign, Illinois
Central Illinois Financial Corporation
Champaign, Illinois
Champaign National Bank
Champaign, Illinois*
FR - 4-10-95
NP - **
Y-l
Sword Limited Partnership 1994
Horicon, Wisconsin
Sword Financial Corporation
Horicon, Wisconsin
Horicon State Bank
Horicon, Wisconsin*
FR - 4-14-95
NP - **
Y-l
BB&T Bancshares Corp.
Bloomingdale, Illinois
Bloomingdale Bank and Trust
Bloomingdale, Illinois*
FR - 4-14-95
NP - 4-8-95
Y-l
First Evanston Bancorp
Evanston, Illinois
First Evanton Bank & Trust Company
Evanston, Illinois (in organization)*
FR - **
NP- **
Y-2
Heartland Financial USA, Inc.
Dubuque, Iowa
Riverside Community Bank
Rockford, Illinois (in organization)*
FR - 4-21-95
NP - **
Y-l
Milton Bancshares, Inc.
Milton, Wisconsin
Bank of Milton
Milton, Wisconsin*
FR - **
NP - **
Y-2
Northern Trust Corporation
Chicago, Illinois
Tanglewood Bancshares, Inc.
Houston, Texas
Tanglewood Merger Company
Dallas, Texas
Tanglewood Bank, National Association
Houston, Texas*
FR - **
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Application
Comment P eriod
Ending Date
Y-l
Suburban Illinois Bancorp, Inc.
Elmhurst, Illinois
Suburban Bank of Elmhurst
Elmhurst, Illinois*
FR - **
NP - **
Y-1
S.B.C.P. Bancorp, Inct
Cross Plains, Wisconsin
State Bank of Cross Plains
Cross Plains, Wisconsin*
FR - **
NP - **
\
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
lypg
Application
Comment Period
Ending Date
4(C) (8)
NBD Bancorp, Inc.
FR - 3-21-95
Detroit, Michigan
NP - 4-3-95
Deerbank Corporation
Deerfield, Illinois
Deerfield Federal Savings & Loan Association
Deerfield, Illinois
4 (c) (8)
NBD Bancorp, Inc.
Detroit, Michigan
Northern Illinois Financial Service Corp
Deerfield, Illinois
4(C) (8)
NBD Illinois, Inc.
FR - 3-21-95
Park Ridge, Illinois
NP - 4-3-95
Deerbank Corporation
Deerfield, Illinois
Deerfield Federal Savings and Loan Association
Deerfield, Illinois
4(c) (8)
NBD Illinois, Inc.
FR - 3-21-95
Park Ridge, Illinois
NP - 4-3-95
Northern Illinois Financial Service Corporation
Deerfield, Illinois
4(C) (8)
Sidell Bancorp, Inc.
Sidell, Illinois
to purchase their subsidiary's overline
loans
FR - 3-20-95
4 (c) (8)
Larch Bancorporation, Inc.
Larchwood, Iowa
to engage in general insurance agency
activities
FR - 3-27-95
4 (c) (8)
Associated Banc-Corp
FR - **
Green Bay, Wisconsin
to engage in riskless principal thru its
subsidiary, Associated Investment Services,
Inc., Green Bay, Wisconsin
4 (c) (8)
Union Bancorporation
Defiance, Iowa
to engage in making and servicing loans
FR - 3-31-95
4(c) (8)
First National Company
Storm Lake, Iowa
to engage in the businees of abstracting
FR - **
FR - 3-21-95
NP - 4-3-95
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Qnly
Comment Period
Ending Date
Typs
Applisaiti-Qn
4(c) (8)
First Midwest Bancorp, Inc.
FR - **
Naperville, Illinois
to engage in making, acquiring or servicing
of loans or other extensions of credit for
the company's account or for the account of
others
4(c) (8)
Union-Calhoun Investments, LTD
FR - **
Rockwell City, Iowa
to acquire the assets of Keith Insurance
and thereby engage in general insurance agency
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Hewsnappy
Notice
Type
Application
RoS
Sheridan Bancorp, Inc.
Morris, Illinois
to repurchase 103 (47.03%) of its issued and outstanding
shares of stock
RoS
First Waukegan Corporation
Glenview, Illinois
to purchase & redeem up to 313,794 shares
issued & outstanding common stock
N - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
★★
- Not available at this time
(49.7%)of its
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-day business day period
the bank has to make the evaluation public has lapsed during the week ending
March 24, 1995.
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 substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
-Community Bank of Elmhurst
330 West Butterfield Road
Elmhurst, Illinois
60126
(708) 782-1234
EXAMINATION DATE
12/13/94
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING MARCH 24, 1995
Application
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
♦Section 3(a)(1) notification by Mid-Missouri
Holding Company, Inc., Sullivan, Missouri, to
acquire The Bank of Sullivan, Sullivan, Missouri
Application
3/9/95
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
♦Section 3(a)(1) application by Mountain View
Bancshares, Inc., Mountain View, Arkansas, to
acquire Bank of Mountain View, Mountain View,
Arkansas.
Newspaper:
4/10/95
♦Section 4(c)(8) notification by New Era
Bancorporation, Inc., Fredericktown, Missouri,
to acquire 9.99 percent of St. Francois County
Financial Corp., Farmington, Missouri.
Newspaper:
4/15/95
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Helena Bancshares,
Inc., Helena, Arkansas, to engage de novo in
personal property leasing through Helena National
Leasing Company, Inc., Memphis, Tennessee.
Not yet available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
♦This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community 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.
Satisfactory record o f meeting community credit needs
A n 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
A n institution 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 noncompliance in meeting community credit needs
A n 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.
FOR THE WEEK ENDING
Name o f
Bank
M a rch
Bank A d d r e s s
2 4,
1995
E x a m in a t io n
D a te
None
E x a m in a t io n
R a t in g
FEDERAL RESERVE BANK OF MINNEAPOLIS
S e c t io n
I
- A p p lic a t io n s
N ew spaper N o t i c e
S u b je c t
to
O n ly
Comment P e r i o d
E n d in g
A p p lic a t io n
A m e r ic a n
Bank,
de n o v o b a n k ,
becom e
W h it e fis h ,
fo r
p r io r
a member o f
R e se rv e
th e
MT,
Not y e t
a
ap p ro val
D a te
a v a ila b le
to
F e d e ra l
S ystem
FED ERA L RESERVE BANK OF MINNEAPOLIS
S e c t io n
II
N ew spaper
- A p p lic a t io n s
S u b je c t
and F e d e r a l R e g i s t e r
to
B o th
N o tic e
Comment P e r i o d
A p p lic a t io n
E n d in g
Rachel
S o ls r u d ,
v o t in g
sh ares
In c o rp o ra te d ,
W a tfo rd
ND,
to
F ir s t
AZ,
C it y
to
a c q u ir e
100% o f
o f B a ro n B a n csh a re s
W h ite
Bear Lake,
B an csh a re s,
a c q u ir e
100% o f
I n t e r n a t io n a l
th e
A p r il
D a te
7,
1995
( F e d e r a l R e g is t e r )
II,
MN*
I n c .,
W a tfo rd
th e v o t i n g
C it y ,
sh a res
Ban k & T r u s t ,
of
A p r il
th e
13,
1995
( F e d e r a l R e g is t e r )
S c o t t s d a le ,
a de n ovo b an k *
W in d s o r B a n c s h a r e s ,
I n c .,
a c q u ir e
100% o f
v o t in g
W in d s o r
II,
th e
C h is h o lm ,
N o rw e s t C o r p o r a t i o n ,
a c q u ir e
100% o f
B a n csh a re s,
in d ir e c t ly
th e
I n c .,
a c q u ir e
C o m fo rt,
TX*
* S u b ie c t
to
M in n e a p o lis ,
sh a res
of
MN,
to
A p r il
Bank
13,
1995
( F e d e r a l R e g is t e r )
MN*
M in n e a p o lis ,
v o t in g
C o m fo rt,
C o m fo r t
MN,
sh ares
TX,
of
to
A p r il
C o m fo r t
20,
1995
( F e d e r a l R e g is t e r )
an d t h e r e b y
S ta te
Bank,
CRA
FED ERAL RESERVE BANK OF MINNEAPOLIS
S e c t io n
to
III
F e d e ra l
- A p p lic a t io n s
R e g is t e r N o tic e
S u b je c t
O n ly
Comment P e r i o d
E n d in g
A p p lic a t io n
F ir s t
W I,
to
S ta te
B a n c o rp ,
eng age
s e r v ic in g
de n o vo
I n c .,
in
La
A p r il
C ro sse ,
m a k in g
and
lo a n s
FED ERAL RESERVE BANK OF MINNEAPOLIS
S e c t io n
F e d e ra l
A p p lic a t io n
NONE.
IV
- A p p lic a t io n s
R e g is t e r
N o tic e
Not
S u b je c t
to
o r N ew spa per N o t i
D a te
1 0,
1995
FEDERAL RESERVE BANK OF MINNEAPOLIS
S e c t io n
V
- A v a ila b ilit y
CRA P u b l i c
of
E v a lu a t io n s
w eek e n d in g M a rc h
24,
1995
ASSIGNMENT OF RATING
I d e n t ific a t io n
In
o f R a t in g s
c o n n e c t i o n w it h
p e rfo rm a n c e ,
th e
a r a t in g
assessm ent
is
a s s ig n e d
of
each
fro m
in s u r e d
th e
d e p o s ito r y
fo llo w in g
in s t it u t io n 's
CRA
g ro u p s:
OUTSTANDING RECORD OF MEETING COMMUNITY CRED IT N EEDS.
An
in s titu tio n
in
le a d e r
in ,
e n t ir e
d e lin e a t e d
t h is
g ro u p h a s
a s c e r t a in in g
n e ig h b o r h o o d s ,
in
an o u t s t a n d i n g
an d h e l p i n g
co m m u n ity ,
to
m eet t h e
in c lu d in g
lo w -
a m anner c o n s i s t e n t w i t h
re co rd
o f,
c r e d it
needs
and
is
of
a
it s
a n d m o d e r a t e - in c o m e
it s
reso u rces
an d
c a p a b ilit ie s .
SATISFA CTO RY RECORD OF MEETING COMMUNITY CRED IT N EEDS.
An
in s t it u t io n
and h e lp in g
in c lu d in g
w it h
NEEDS
it s
to
lo w -
in
t h is
m eet
g ro u p
th e
reso u rce s
in s t it u t io n
a s c e r t a in in g
d e lin e a t e d
in
in
of
it s
reco rd
e n t ir e
n e ig h b o r h o o d s ,
of
a s c e r t a in in g
d e lin e a t e d
in
co m m u n ity ,
a m anner c o n s i s t e n t
an d c a p a b i l i t i e s .
t h is
g ro u p
an d h e l p i n g
co m m u n ity ,
a m anner
a s a t is fa c t o r y
needs
and m o d e r a te - in c o m e
TO IMPROVE RECORD OF MEETING
An
has
c r e d it
c o n s is t e n t
to
COMMUNITY C RED IT N EEDS.
needs
m eet
in c lu d in g
w it h
to
th e
lo w -
it s
im p ro v e
c r e d it
it s
needs
o v e r a ll
of
it s
a n d m o d e r a t e - in c o m e
reso u rce s
and
reco rd
of
e n t ir e
n e ig h b o r h o o d s ,
c a p a b ilit ie s .
SUBSTA N TIAL NONCOMPLIANCE IN MEETING COMMUNITY CRED IT N EEDS.
An
in s t it u t io n
a s c e r t a in in g
d e lin e a t e d
in
BANK(S)
a s u b s t a n t ia lly
in c lu d in g
it s
th e
c r e d it
d e fic ie n t
needs
of
it s
lo w -a n d m o d e r a t e - in c o m e
re so u rces
reco rd
n e ig h b o r h o o d s ,
and c a p a b i l i t i e s .
DATE OF EXAMINATION
CRA RATING
D ecem ber
19,
S a t is fa c t o r y
D ecem ber
5,
1994
59404
S ta te
103 M a in
S tre e t
O ffic e
V ic t o r ,
Bank,
MT
MT
Box
6 4 2 -3 4 3 1
190
5 9 8 7 5 -0 1 9 0
1994
of
e n t ir e
A venu e
MT
V ic t o r ,
(406)
Bank,
has
m eet
6 2 8 -7 4 5 1
F a rm e rs
Post
to
MT
12 F i r s t
(406)
g ro u p
c o n s is t e n t w it h
EXAMINED
L a u r e l,
t h is
co m m u n ity ,
a m anner
Th e Y e ll o w s t o n e
L a u r e l,
in
and h e l p i n g
S a t is f a c t o r y
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIO NS SUBIECT TO NEWSPAPER NOTICE O N I Y
APPLICATION
COMMENT PERIOD FNPINC. DATF
None.
SECTION II - APPLICATIONS SUBIECT TO BOTH
NEWSPAPER A N D FEDERAL REGISTER NOTICE
APPLICATIO N
COMMENT PERIOD ENDING DATE
Community Financial Corporation, Topeka, Kansas,
for prior approval to become a bank holding
company by acquiring 100 percent of the voting
shares of Community National Bank (in
organization), Topeka, Kansas.*
April 21, 1995
SECTION III - APPLICATIO NS SUBIECT TO FEDERAL REGISTER NOTICE O NLY
APPLICATIO N
COMMENT PERIOD ENDING DATE
First Ainsworth Company, Ainsworth, Nebraska, to
engage de novo through its subsidiary First
National Agency of Ainsworth, Inc., Ainsworth,
Nebraska, in securities brokerage activities.
April 12, 1995
SECTION IV - APPLICATIO NS NOT SUBIECT TO FEDERAL REGISTER NOTICE
O R 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 lowand 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Bank/Location
Exam Date
CRA Public
Date
First State Bank of Newcastle
P.O. Box 910
Newcastle, Wyoming 82701-0910
12-12-94
03-23-95
Satisfactory
First United Bank
19201 East Main Street
Parker, Colorado 80134
12-11-94
03-23-95
Satisfactory
Lusk State Bank
P.O. Box 1400
Lusk, Wyoming 82225-1400
11-28-94
03-22-95
Outstanding
Centennial Bank
13700 East Arapahoe Road
Englewood, Colorado 80112
12-12-94
03-23-95
Satisfactory
CRA
Rating
Federal Reserve Bank of Kansas City
First State Bank
P.O. Box 797
Taos, New Mexico 87571-0797*
*Application is subject to CRA.
12-12-94
03-24-95
Outstandi
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 20, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
♦Section 9 application by
The Bank of Livingston, Livingston, TX, to
establish a branch at Hwy. 190 and Old Groveton
Rd., Onalaska, TX 77360
95/04/11
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
♦Section 3(a)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire First Bank, Houston, TX
(Previously reported during the week of 3-6-95)
95/04/11
♦Section 3(a)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire First Colony Bank, The Colony, TX
(Previously reported during the week of 3-6-95)
95/04/11
♦Section 3(a)(3) application by
First Bancorp, Inc., Denton, TX, to acquire First
Colony Bank, The Colony, TX
(Previously reported during the week of 3-6-95)
95/04/11
♦Section 3(a)(3) application by
First Delaware Bancorp, Inc., Wilmington, DE, to acquire
First Colony Bank, The Colony, TX
(Previously reported during the week of 3-6-95)
Change in Control Notice by
Otis Truman Arnold, and Anita Ray Arnold,
Texarkana, TX, to acquire an interest in New
Boston Bancshares, Inc., New Boston, TX
95/04/11
N/A
Change in Control Notice by
Richard Lee Brown, Trustee of the M. L.
Rhea Estate, Trustee of the Fred D. Thompson, Jr. Trust,
Trustee of the John A. Thompson Trust, Frederick Dickson
Thompson, Trustee of the Cleaves Rhea Thompson Trust
under Will Louise R. & Floore, Trustee of the Frederick
Dickson Thompson, Jr. Trust under Will Louise R. Floore,
Trustee of the John Andrew Thompson Trust under Will
Louise R. Floore, Frederick Dickson Thompson, Jr., John
Andrew Thompson, Kelly R. Thompson, Executor of the 3
Estates of Jimmie K. Thompson, all located in Fort Worth,
TX, and Cleaves Rhea Thompson, Santa Clara, CA, to acquire an
interest in Texas Security Bancshares, Inc., Fort Worth, TX
N/A
♦Section 3(a)(3) application by
First Liberty National Bancshares, Inc., Liberty, TX,
to acquire additional shares of First Liberty
National Bank, Liberty, TX
95/04/17
♦Section 3(a)(1) application by
FLNB Shares, Inc., Wilmington, DE, to acquire First Liberty
National Bank, Liberty, TX
95/04/17
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
Section 4(c)(8) application by
Brazosport Corporation, Freeport, TX, to acquire First
Commerce Mortgage Corporation, Corpus Christi, TX
(to engage in making, acquiring, or servicing loans for
itself or for others and engage in loan marketing and
advisory services)
N/A
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.*
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF MARCH 20. 1995
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
Date of
Examination
CRA Rating
United Texas Bank
12222 Merit Drive, Suite 100
P.O. Box 515529
Dallas, TX 75251-5529
94/12/12
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 3/24/95
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Coast Bancorp, Santa Cruz, California, to become
a bank holding company by acquiring Coast
Commercial Bank, Santa Cruz, California. *
Newspaper:
4/06/95
Sierra Bank of Nevada, Reno, Nevada, to establish
a branch at the corner of U.S. 395 and West
College Parkway, Carson City, Nevada. *
Newspaper:
4/24/95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
James L. Ryan, Orinda, California, to increase his
ownership from 8.33 percent to 10.65 percent of
BWC Financial Corporation, which owns Bank of
Walnut Creek, Walnut Creek, California. *
Newspaper:
Not available
Fed Reg.:
4/11/95
Section III -Applications Subject to Federal Register Only
Professional Bancorp, Santa Monica, California,
to engage de novo in extending credit directly to
certain of its executive officers.
Fed. Reg.:
4/11/95
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week ending 3/24/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending March 24, 1995. Information about a particular institution's CRA evaluation
may be obtained directly from the institution.
Institution
Location
The Sun City Bank
10032 W. Bell Street
Sun City, AZ 85351-1252
(602) 972-2111
Examination Date
12/12/94
Ratina*
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 noncomoliance 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.
@FedFRASER