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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1994, NO. 13
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending March 26, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

ADVISORY COUNCILS
Consumer Advisory Council.
Convened, March 24, 1994.
BANK HOLDING COMPANIES
First Chicago Corporation, Chicago, Illinois -- to
engage de novo in various nonbanking activities,
including underwriting and dealing in all types of
debt securities on a limited basis, through First
Chicago Capital Markets, Inc.
Approved, March 25, 1994.
REGULATIONS AND POLICIES
Federal Open Market Committee -- minutes of the
meeting on February 3-4, 1994.
Published, March 25, 1994.

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; CftCA - 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
Richmond

Farmers f Merchants Bank, Timberville, Virginia -- to
t
establish a branch on Turner Ashby Drive,
approximately 600 feet east of its intersection
with North Main Street (State Route 42),
Bridgewater, Virginia
Approved, March 24, 1994.

Chicago

First Bank North, Freeport, Illinois -- to establish
a branch at 3957 North Mulford Road, Rockford,
Illinois.
Returned, March 22, 1994.

Secretary

First Interstate Bank of California, Los Angeles,
California — to establish an off-site electronic
facility in Disneyland, 1313 Harbor Boulevard,
Anaheim, California.
Approved, March 22, 1994.




H .2
MARCH 21, 1994
PAGE 2

TO

MARCH 25, 1994

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

BANK BRANCHES. DOMESTIC
New York

Fleet Bank of New York, Albany, New York -- to
establish branches at the following locations in
New York: Upper North Road, Highland; 6605 Joy
Road, East Syracuse; 58 Ellicott Road, Cheektowaga;
1525 Scottsville Road, Chili; 101 Mill Street,
Newburgh; Stewart International Airport, Building
806, 1018 Breuning Road, New Windsor; 151
Montgomery Street, Albany; and 21 Railroad Avenue,
Colonie.
Approved, March 25, 1994.

Cleveland

Integra Bank/Pittsburgh, Pittsburgh, Pennsylvania -to establish a CBCT facility at Jeanette Hospital,
60 Jefferson Avenue, Jeanette, Pennsylvania.
Approved, March 21, 1994.

Chicago

Old Kent Bank - Southwest, Kalamazoo, Michigan - - t o
establish a branch at 3510 West Centre Street,
Portage, Michigan.
Approved, March 25, 1994.

Dallas

United Bank & Trust, Abilene, Texas - - t o establish a
branch at the corner of Highway 89 and Williams,
Buffalo Gap, Texas.
Approved, March 23, 1994.

BANK HOLDING COMPANIES




Chicago

Bank of Waunakee Employee Stock Ownership Plan,
Waunakee, Wisconsin -- to acquire shares of
Waunakee Bank Shares, Inc.
Approved, March 25, 1994.

Dallas

Baylor Bancshares, Inc., Seymour, Texas -- to expand
the geographic scope of the lending activities of
Baylor Mortgage Company, Inc., to the entire State
of Texas.
Approved, March 23, 1994.

San Francisco

Central Bancorporation, Wenatchee, Washington - - t o
acquire First Bank Washington, Omak, Washington.
Approved, March 24, 1994.

H.2
MARCH 21, 1994
PAGE 3

TO

MARCH 25, 1994

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

BANK HOLDING COMPANIES




Director, BS&R

Chase Manhattan Corporation, New York, New York -relief from a commitment contained in the Board's
order of January 18, 1989.
Granted, March 25, 1994.

Chicago

Cleveland Development Management Corporation,
Chicago, Illinois -- to acquire Potters and Trust
Co., East Liverpool, Ohio.
Approved, March 24, 1994.

Cleveland

Fifth Third Bancorp, Cincinnati, Ohio -- to acquire
The National Bancorp of Kentucky, Inc., Lexington,
Kentucky.
Approved, March 25, 1994.

Cleveland

First Bancorporation of Ohio, Akron, Ohio - -to
acquire Great Northern Financial Corporation and
Great Northern Savings Company, both of Barberton,
Ohio, and to merge the savings company into First
National Bank of Ohio, Akron, Ohio.
Approved, March 22, 1994.

Secretary

First Bank System, Inc., Minneapolis, Minnesota --to
acquire First Financial Investors, Inc., New York,
New York, and to acquire certain assets and assume
certain liabilities of St. Louis Bank for Savings,
FSB, Duluth, Minnesota, upon its conversion to a
national bank.
Approved, March 25, 1994.

St. Louis

First Banks, Inc., St. Louis, Missouri --to acquire
Farmers Bancshares, Inc., Breese, Illinois, State
Bank of Breese, and Farmers State Bank of Valmeyer,
Valmeyer, Illinois.
Approved, March 22, 1994.

Secretary

First Citizens BancShares, Inc., Raleigh, North
Carolina --to atquire the Gastonia, North
Carolina, branch of Home Savings Bank, SSB, Kings
Mountain, North Carolina.
Approved, March 25, 1994.

H.2
MARCH 21, 1994
PAGE 4

TO

MARCH 25, 1994

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

BANK HOLDING COMPANIES




Dallas

First Community Bancshares, Inc., and Winn
Bancshares, Inc., Winnfield, Louisiana -- to engage
de novo in credit life insurance activities.
Permitted, March 21, 1994.

Chicago

First Ozaukee Capital Corp., Cedarburg, Wisconsin -to acquire First Ozaukee Savings Bank and to engage
in making, acquiring, or servicing loans.
Returned, March 22, 1994.

Richmond

First Union Corporation, Charlotte, North Carolina -to acquire First Union Home Equity Bank, National
Association.
Approved, March 25, 1994.

Chicago

Firstbank of Illinois Co., Springfield, Illinois -to acquire Colonial Bancshares, Inc., Des Peres,
Missouri; The Colonial Bank, Des Peres; Village
Bank of St. Louis County, Ballwin, Missouri; and
Guido Insurance Agency, Des Peres.
Approved, March 22, 1994.

San Francisco

Grupo Finaneiero Serfin, S.A. de C.V., Mexico City,
Mexico -- to engage de novo in nonbank activities
through Serfin Funds Transfer, Inc., Los Angeles,
California.
Returned, March 24, 1994.

New York

J.P. Morgan & Co. Incorporated - - t o engage de novo
in trust company activities through J.P. Morgan
Delaware Trust Company, Wilmington, Delaware.
Permitted, March 22, 1994.

Richmond

Jefferson Bankshares, Inc., Charlottesville, Virginia
-- proposal that Jefferson National Bank acquire
certain assets and assume certain liabilities of
Liberty Federal Savings Bank, Warrenton, Virginia.
Approved, March 25, 1994.

Minneapolis

Kelliher Bancshares, Inc., Kelliher, Minnesota -- to
acquire Citizens State Bank of Kelliher.
Approved, March 22, 1994.

H .2
MARCH 21, 1994
PAGE 5

TO

MARCH 25, 199A

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

BANK HOLDING COMPANIES




Atlanta

Liberty Financial Services, Inc., New Orleans,
Louisiana -- to acquire certain assets and assume
certain liabilities of Life Federal Savings Bank,
Baton Rouge, Louisiana.
Approved, March 25, 1994.

Chicago

Old Kent Financial Corporation, Grand Rapids,
Michigan, and Old Kent - Illinois, Inc., Elmhurst,
Michigan -- to acquire EdgeMark Financial
Corporation, Chicago, Illinois, and the following
banks in Illinois: EdgeMark Bank - Lombard,
Lombard; EdgeMark Bank - Rosemont, Rosemont;
Edgewood Bank, Countryside; First National Bank of
Lockport, Lockport; and Merchandise National Bank
of Chicago.
Approved, March 25, 1994.

Kansas City

Peoples Bancshares, Inc., Clay Center, Kansas -- to
acquire The Peoples National Bank.
Approved, March 24, 1994.

Chicago

Shorebank Corporation, Chicago, Illinois -- to
acquire Cleveland Development Bancorporation,
Chicago, Illinois, and Potters Bank and Trust Co.,
East Liverpool, Ohio.
Approved, March 24, 1994.

Secretary

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky - - t o acquire Peoples Financial Services,
Inc., and Peoples Bank and Trust of the
Cumberlands, both of Cookeville, Tennessee; and
Citizens Federal Savings Bank, Rockwood, Tennessee
Approved, March 21, 1994.

Secretary

Union Planters Corporation, Memphis, Tennessee -- to
acquire Liberty Bancshares, Inc., Paris, Tennessee
and Liberty Federal Savings Bank.
Approved, March 25, 1994.

H.2
MARCH 21, 1994
PAGE 6

TO

MARCH 25, 1994

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

BANK PREMISES

Richmond

F & M Bank-Winchester, Winchester, Virginia -investments in bank premises.
Approved, March 23, 1994.

Cleveland

Oakwood Deposit Bank, Oakwood, Ohio -- investment in
bank premises.
Approved, March 25, 1994.

Chicago

Old Kent Bank - Southwest, Kalamazoo, Michigan -investment in bank premises.
Approved, March 24, 1994.

Chicago

Old Kent Bank - Southwest, Kalamazoo, Michigan -investment in bank premises.
Approved, March 25, 1994.

Kansas City

Star Valley State Bank, Afton, Wyoming -- investment
in bank premises.
Approved, March 21, 1994.

BANKS. STATE MEMBER

St. Louis

Arkansas Bank & Trust Company, Hot Springs,
Arkansas -- payment of a dividend.
Approved, March 24, 1994.

CAPITAL STOCK

Kansas City

Mountain West Banking Corporation, Denver, Colorado
-- redemption of shares.
Approved, March 21, 1994.

Minneapolis

United Bancor, Ltd., Dickinson, North Dakota -redemption of shares.
Approved, March 22, 1994.

CHANGE ZN BANK CONTROL




San Francisco

American Pacific Bank, Aumsville, Oregon -- change in
bank control.
Returned, March 22, 1994.

Chicago

North Salem State Bancorporation, North Salem,
Indiana -- change in bank control.
Returned, March 22, 1994.

H.2
MARCH 21, 199<t
PAGE 7

TO

MARCH 25, 1994

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

CHANGE IN BANK CONTROL

Richmond

Security Bank Corporation, Manassas, Virginia -change in bank control.
Permitted, March 25, 1994.

COMPETITIVE FACTORS REPORTS




St. Louis

CBT Corporation, Paducah, Kentucky, proposed
acquisition of BMC Bankcorp, Inc., Benton,
Kentucky, and United Commonwealth Bank, F.S.B.,
Murray, Kentucky -- report on competitive factors.
Submitted, March 24, 1994.

Cleveland

Charter One Bank, F.S.B., Cleveland, Ohio, proposed
purchase of four Equitable Savings Ohio divisional
branches of Citizens Federal Bank, FSB, Miami,
Florida -- report on competitive factors.
Submitted, March 24, 1994.

Cleveland

Fed One Savings Bank, FSB, Wheeling, West Virginia,
proposed purchase of a branch of Buckeye Savings
Bank, Bellaire, Ohio -- report on competitive
factors.
Submitted, March 24, 1994.

Cleveland

First Federal Savings and Loan Association of
Wooster, Wooster, Ohio, proposed purchase of a
branch -- report on competitive factors.
Submitted, March 24, 1994.

Dallas

First Interstate Bank of Texas, N.A., Houston, Texas,
proposed partial purchase and assumption of Med
Center Bank -- report on competitive factors.
Submitted, March 25, 1994.

Cleveland

First National Bank of Ohio, Akron, Ohio, proposed
merger with Great Northern Savings Company,
Barberton, Ohio -- report on competitive factors.
Submitted, March 24, 1994.

Richmond

First Palmetto Savings Bank, F.S.B., Camden, South
Carolina, proposed purchase of two branch offices
of The South Carolina National Bank, Columbia,
South Carolina -- report on competitive factors.
Submitted, March 23, 1994.

H .2
MARCH 21, 1994
PAGE 8

TO

MARCH 25, 1994

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

COMPETITIVE FACTORS REPORTS




Richmond

First Palmetto Savings Bank, F .S .B ., Camden, South
Carolina, proposed purchase of the Bishopville,
South Carolina, branch of The South Carolina
National Bank, Columbia, South Carolina -- report
on competitive factors.
Submitted, March 25, 1994.

Philadelphia

Greater Delaware Valley Savings Bank, Broomall,
Pennsylvania, proposed conversion from a mutual
savings bank to a stock savings bank -- report on
competitive factors.
Submitted, March 25, 1994.

Richmond

Guaranty Savings and Loan, F.A., Charlottesville,
Virginia, proposed merger with GSL Interim Federal
Savings Association -- report on competitive
factors.

Submitted, March 21, 1994.
Minneapolis

M&I Bank of Eagle River, Eagle River, Wisconsin,
proposed purchase of the Three Lakes, Wisconsin,
office of Valley First National Bank, Rhinelander,
Wisconsin -- report on competitive factors.
Submitted, March 21, 1994.

Minneapolis

M&I Merchants Bank, Rhinelander, Wisconsin, proposed
purchase of the Lac du Flambeau, Lake Tomahawk, and
Woodruff, Wisconsin, offices of Valley First
National Bank, Rhinelander, Wisconsin -- report on
competitive factors.
Submitted, March 21, 1994.

St. Louis

Magna Bank of Missouri, Brentwood, Missouri, proposed
acquisition of assets and assumption of liabilities
of Bank of Chesterfield, Chesterfield, Missouri -report on competitive factors.
Submitted, March 25, 1994.

Cleveland

Mid American National Bank and Trust Company, Toledo,
Ohio, proposed merger with Farmers Savings Bank,
Northwood, Ohio -- report on competitive factors.
Submitted, March 24, 1994.

H.2
MARCH 21, 199<*
PAGE 9

TO

MARCH 25, 1999

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

COMPETITIVE FACTORS REPORTS

Chicago

Monroe Bank & Trust, Monroe, Michigan, proposed
purchase of the Erie and Temperance, Michigan,
branches of NBD Bank, National Association,
Detroit, Michigan ~~ report on competitive factors
Submitted, March 22, 1999,

Chicago

National Exchange Bank and Trust of Fond du Lac, Fond
du Lac, Wisconsin, proposed merger with State Bank
of Cascade, Cascade, Wisconsin -- report on
competit ive factors.
Submitted, March 29, 1999.

Minneapolis

Norwest Bank Minnesota, National Association,
Minneapolis, Minnesota, proposed merger with Forest
Lake State Bank, Forest Lake, Minnesota -- report
on competitive factors.
Submitted, March 21, 1999.

Minneapolis

Security Federal Savings Bank, Billings, Montana,
proposed purchase of the Anaconda and Lewiston,
Montana, offices of Bank of Montana, Great Falls,
Montana, and the Butte, Montana, office of Montana
Bank, Billings -- report on competitive factors.
Submitted, March 29, 1999.

Chicago

Webster City Federal Savings Bank, Webster City,
Iowa, proposed reorganization to become a mutual
holding company -- report on competitive factors.
Submitted, March 29, 1999.

EXTENSIONS OF TIME




St. Louis

First Carroll Bankshares, Inc., Berryville,
Arkansas -- extension to June 1, 1999, to acquire
The First National Bank of Berryville.
Granted, March 23, 1999.

Philadelphia

Meridian Bank, Reading, Pennsylvania -- extension to
June 22, 1999, to acquire the Grange National Bank
of Susquehanna County, New Milford, Pennsylvania.
Granted, March 22, 1999.

H.2
MARCH 21, 1994
PAGE 10

TO

MARCH 25, 1994

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

EXTENSIONS OF TIME




San Francisco

Sakura Bank, Ltd., Tokyo, Japan -- extension to
divest certain properties.
Granted, March 22, 1994.

ADDITIONS AND CORRECTIONS

H .2
MARCH 21, 1994
PAGE 11

TO

MARCH 25, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS
Bank Holding Company Report Forms -- FR Y-9C,
FR Y-9LP, and FR Y-9SP, with revisions; and
FR Y-9CS, without revision, with extension
through 1996.
Approved, March 18, 1999.

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

BANK HOLDING COMPANIES
Chicago

Northwest Indiana Bancorp, Munster, Indiana --t o
acquire Peoples Bank SB.
Returned, March 18, 1999.

COMPETITIVE FACTORS REPORTS
Boston

Fleet Bank of Massachusetts, N.A., Boston,
Massachusetts, proposed acquisition of Sterling
Bank, Waltham, Massachusetts -- report on
competitive factors.
Submitted, March 16, 1999.

EXTENSIONS OF TIME




Chicago

FBOP Corporation, Oak Brook, Illinois -- extension to
June 10, 1999, to engage de novo in the acquisition
of loans from its insured subsidiaries.
Granted, March 18, 1999.

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

Cambridgeport Mutual
Holding Company, Cambridge,
Massachusetts - 3( a ) (1)/
3(a)(3) application to become a
bank holding company through the
acquisition of Cambridgeport
Savings Bank, Cambridge,
Massachusetts and 5.6% of
Cambridge Bancorp, Cambridge,
Massachusetts*

Newspaper
Federal Register

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE

♦Subject to CRA.




03-28-94
04-07-94

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution

Examination Date

Ratincr**

NONE
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.




"

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Fleet Bank of New York, Albany, New York, to establish a
branch at 65 Vantage Point Drive, Ogden, New York and to
establish an offsite electronic facility at Woodbury Commons
Factory Outlet, Central Valley, New York.l/
4/18/94
Fleet Bank, Melville, New York, to establish an offsite
electronic facility at R.H. Macy & Co. Inc., 151 W. 34th
Street, New York, New York.l/

4/18/94

European American Bank, Uniondale, New York to establish a
branch at 335 Madison Avenue, New York, New York.l/

4/20/94

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking 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 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
Week Ending March 26 , 1994
NAME OF BANK

3/

4/

EXAMINATION DATE

The Merchants Bank
of New York
434 Broadway
10013
New York, N.Y.
1/
2/

RATING
Satisfactory

10/18/93

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

FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER ANP FEDERAL REGISTER NOTICE
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Meridian Bancorp. Inc., Reading, PA requests approval to acquire 100% of McGlinn
Capital Management, Inc. Wyomissing, PA, pursuant to Section 4(c)(8) of the BHC Act.
Fed. Reg. comment period expires:

4/6/94

SECTION IV - APPLICATIONS N O T SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE

None.

1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OP 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 25, 1994.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

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




Examination Date
None.

CRA Rating

Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending March 26, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
Received OAKAR application from Northwest
Bancorp, MHC, Warren, Pennsylvania, on
March 16, 1994, to acquire 51 percent of the
outstanding stock of Northwest Savings Bank,
Warren, Pennsylvania.

* Not Yet Known #

Received OAKAR application from Fifth Third
* April 23, 1994
Bancorp, Cincinnati, Ohio, on March 24, 1994,
to acquire The Cumberland Federal Savings Bank,
Louisville, Kentucky, and merge it into The
Fifth Third of Central Kentucky, Inc., Lexington,
Kentucky.
Received application from The Fifth Third Bank
April 23, 1994
of Central Kentucky, Inc. (to be renamed Fifth
Third Bank of Kentucky, Inc.), Lexington, Kentucky,
on March 24, 1994, for permission to become a
member of the Federal Reserve System.
Received Section 18(c) application from The
Fifth Third Bank of Central Kentucky, Inc.,
Lexington, Kentucky, on March 24, 1994, to merge
with The Cumberland Federal Savings Bank,
Louisville, Kentucky.

* April 23, 1994

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a) (3) application from
* N : April 21, 1994
First Bancorporation of Ohio, Akron, Ohio, on
March 21, 1994, to acquire Peoples National Bank,
Wooster, Ohio (now known as Peoples Federal
Savings Bank).
Received Section 3(a) (1) application from Ohio
State Bancshares, Inc., Marion, Ohio, on
March 18, 1994, to acquire The Marion Bank,
Marion, Ohio.

*
N
F
#

-

* F : April

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.




, 1994

Applications Bulletin
For Week Ending March 26, 1994
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 4 ( c ) (8) application from
Mellon Bank Corporation, Pittsburgh,
Pennsylvania, on January 3, 1994, to acquire
Dreyfus Security Savings Bank, FSB, Paramus,
New Jersey, and Dreyfus Trust Company,
Uniondale, New York.

* Not Yet Known #

Received Section 3 ( a ) (1) application from
Fifth Third Kentucky Bank Holding Company,
Louisville, Kentucky, on March 24, 1994, to
acquire The Fifth Third Bank of Central
Kentucky, Inc., Lexington, Kentucky.

* N : April 23, 1994

Received Section 4(c) (8) application from
Fifth Third Bancorp, Cincinnati, Ohio, and
Fifth Third Kentucky Bank Holding Company (in
formation), Louisville, Kentucky, on March 24,
1994, to acquire The Cumberland Federal
Bancorporation, Inc., Louisville, Kentucky.

* N : April 23, 1994

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4 ( c ) (8) application from
Mellon Bank Corporation, Pittsburgh,
Pennsylvania, on February 7, 1994, to acquire
The Truepenney Corporation, The Trotwood
Corporation, The Trotwood Hunters Site A
Corporation, The Trustwood Hunters Corporation,
and Dreyfus Realty Advisors, Inc., all located
in New York, New York.

Not Yet Known #

Received Section 4(c) (8) notification from First
April 19, 1994
Commonwealth Financial Corporation, Indiana,
Pennsylvania, on March 21, 1994, of its intent to
directly engage de novo in the permissible non-banking
activity of "making and serving loans" pursuant to
Section 225.25(b)(1) of Regulation Y.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE




Received request from Security Dollar Bank, Niles, Ohio, on
March 21, 1994, for permission to exceed its limit of
investment in bank premises permitted under Section 24A of the
Federal Reserve A c t .

AVAILABILITY OF CRA PUBLIC EVALUATIONS
(March 25, 1994)
The following state member banks have been examined by the
Federal Reserve Bank of Cleveland for compliance with The Community
Reinvestment Act. A public evaluation document became available
from the bank(s) listed below during the week ended March 25, 1994.
If you are interested in obtaining a copy of an evaluation
document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING:
a bank in this group has an outstanding record
of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record
of ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
NEEDS TO IMPROVE:
a bank in this group needs to improve its
overall record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.




NONE

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

Comment Period Ending Date

The George Mason Bank, Fairfax, Virginia,
to establish a branch at 4005 Wilson
Boulevard, Arlington, Virginia.*

4-15-94

Bank of McKenney, McKenney, Virginia,
to establish a branch at 13812 Boydton
Plank Road, Dinwiddie, Virginia.*

4-23-94

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

Comment Period Ending Date

None.

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.

*Application is subject to CRA requirements.




Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending March 25, 1994

Definition of Ratings
Outstanding record of meeting community credit needs.

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

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

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

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

Examination
Date

Commerce Bank of Virginia
11500 West Broad Street
Richmond, Virginia 23242-0569




1-10-94

Rating

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 25, 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

The Peoples Bank and Trust Company
Selma, Alabama
To establish a branch located at the Winn
Dixie Marketplace within the Mid-Town
Shopping Center at 701 East Main Street,
Prattville, Alabama, to be known as The
Peoples Bank and Trust Company, Marketplace
Branch.

03-25-94*

Barnett Bank of West Florida
Pensacola, Florida
To establish a night depository vault located
in the Cordova Mall at 5100 North 9th Avenue,
Pensacola, Florida.

04-22-94*

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

Comment Period Ending Date

First Security Bankshares, Inc.
Not yet available*
Lavonia, Georgia
After-the-fact change in control notice by
Hubert Shuratt Whitworth to retain 30 percent
of the outstanding shares of common stock.
Southside Financial Group, Inc.
Not yet available*
Fayetteville, Georgia
1-BHC formation, The Citizens Bank and
Trust of Fayette County, Fayetteville, Georgia.
Hibernia Corporation
New Orleans, Louisiana
To merge with Commercial Bancshares, Inc.
Abbeville, Louisiana, and thereby directly
acquire First Commercial Bank, Franklin,
Louisiana, pursuant to Section 3 (a)(5) of
the Bank Holding Company A c t .

04-07-94*
Federal Register

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 25. 1994
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

First Alabama Bancshares, Inc.
Birmingham, Alabama
To engage de novo in leasing tangible
personal property, or acting as agent, broker,
or adviser in such property, utilizing residual
values up to 100 percent of acquisition cost,
pursuant to Section 225.25(b)(5)(ii) of
Regulation Y.

03-31-94

First National Sylacauga Corporation
04-14-94
Sylacauga, Alabama
To engage de novo in credit-related
insurance agency activities, through its
proposed nonbank subsidiary, Frontier Financial
Services, Inc., Sylacauga, labama. pursuant to
Section 225.25(b)(8)(i) and (ii) of Regulation Y.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 2 5

,

1994

Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Pickens County Bancshares, Inc.
04-14-94
Reform, Alabama
After-the-fact notice to retain its subsidiary,
WAB&T Financial Services, Inc., Reform, Alabama,
which commenced engaging de novo in insurance
agency activities, pursuant to Section 225.25(b)
(8)(iii)(A) of Regulation Y, and in providing
securities brokerage services, and related
securities credit activities, pursuant to Section
225.25(b)(15) of Regulation Y.
Prattville Financial Services Corporation
04-07-94
Prattville, Alabama
After-the-fact notice to retain its wholly-owned
subsidiary, Key Investment Securities, Inc.,
Prattville, Alabama, which commenced engaging
de novo in insurance agency and underwriting
activities, pursuant to Section 225.25(b)(8) of
Regulation Y, and providing securities brokerage
services and related securities credit activities,
pursuant to Section 225.25(b)(15) 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 25, 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Examination
Bank
Flamingo Bank
1 West Flamingo Drive
Pembroke Pines, Florida
(305)437-2265




Rating

Date
Satisfactoryll-29-93

33027

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

Comment Period
Ending Date

Type

Application

Branch

Old Kent Bank - Southwest
Kalamazoo, Michigan
3510 West Centre Street
Portage, Mi chigan*

N

- 3-20-94

Membershi p

Cedar Valley State Bank
St. Ansgar, Iowa
To become a member of the Federal
Reserve System*

N

- **

Merger/Branch

Chemical Bank and Trust Company
Midland, Michigan
Edenville, Michigan branch of First
of America Mid-Michigan, National
Association, Bay City, Michigan
5111 M-30, Tobacco Township
Edenville, Michigan*

N

- **

Oakar

Shoreline Financial Corporation
Benton Harbor, Michigan
South Haven Branch of Great Lakes
Bancorp, South Haven, Michigan*

N

- **




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

Type

Application

Y-2

Marquette National Corporation
Chicago, Illinois
Orland State Bank
Orland Park, Illinois*

FR - 4-1-94
N - 3-26-94

COC-HC

Withee Bank Shares, Inc.
Withee, Wi scons in
Walter E. Ollech

FR - 4-4-94
N - 3-25-94

Y-2

Ida Grove Bancshares, Inc.
Ida Grove, Iowa
P.S.B. Bancorporation
West Des Moines, Iowa
Liberty Bank & Trust
Odebolt, Iowa *

FR - 3-18-94
N - 4-2-94

Y-2
( 100 %)

First Chicago Corporation
Chicago, Illinois
Lake Shore Bancorp, Inc.
Chicago, Illinois
Bank of Hinsdale
Hinsdale, Illinois
Lake Shore National Bank
Chicago, Illinois*

FR - 4-4-94
N - 3-30-94

Y-2
(16.6%)

First Chicago Corporation
Chicago, Illinois
Lake Shore Bancorp, Inc.
Chicago, Illinois
Bank of Hinsdale
Hinsdale, Illinois
Lake Shore National Bank
Chicago, Illinois*

FR - 4-4-94
N - 3-30-94

CoC-HC

Veedersburg Bank Corp.
Veedersburg, Indiana
Stephen A . Songer

FR - 3-31-94
N . **




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

Tvoe

A pplication

Y-2

First Chicago Corporation
Chicago, Illinois
Hampton Park Corporation
Romeoville, Illinois
Oxford Bank
Romeoville, Illinois*

FR - 4-4-94
N
- 3-30-94

CoC-HC

Blanchardville Financial Services, Inc.
Blanchardville, Wisconsin
Frederick F. Reinhardt

FR - 4-7-94
N - 3-23-94

Y-l

First Ozaukee Capital Corp.
Cedarburg, Wisconsin
First Ozaukee Savings Bank
Cedarburg, Wisconsin*

FR - 4-15-94
N . *★

CoC-HC

Illinois Valley Bancorp, Inc.
Morris, Illinois
Ronald L. Wohlwend, Ronald L.
Wohlwend, Trustee, Jack Lewis
Trust UTA DTD, Catherine Lewis
Trust UTA DTA

FR - 2-1-94
N

Y-l

TSB Financial, Inc.
Tremont, Illinois
Tremont Savings Bank
Tremont, Illinois*

CoC-HC

Banklllinois Financial Co.
FR
Champaign, Illinois
NP
Van A. Dukeman; David J. Downey, George T.
Shapland & Gregory B. Lykins

CoC-HC

North Salem State Bancorporation
North Salem, Indiana
Robert Porter

Y-l

Bellevue State Bank Employee Stock
Ownership Plan
Bellevue, Iowa
Bellevue Service Company
Bellevue, Iowa
Bellevue State Bank
Bellevue, Iowa*




-

**

FR - 4-15-94
N - **

3-23-94.
2-14-94

FR - 4-12-94
N - **

FR
N

4-22-94
*★

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

T yp e

Application

Y-2

Capitol Bancorp, Ltd.
Lansing, Michigan
Financial Center Corporation
Holland, Michigan
Paragon Bank
Holland, Michigan*

FR - 2-25-94
N - 1-11-94

Y-l

The First Trust Holdings, Inc.
Watseka, Illinois
First Trust and Savings Bank of Watseka
Watseka, Illinois
First National Bank of Clifton
Clifton, Illinois*

FR - **
N - **

Y-2

Commercial Financial Corp.
Storm Lake, Iowa
Central T m s t Investment, Inc.
Cherokee, Iowa
Central Trust and Savings Bank
Cherokee, Iowa*

FR - **
N . **

Y-2

Community Grain Co.
Coon Rapids, Iowa
Farmers National Bank
Bayard, Iowa*

FR - 1-21-94
N - 1-21-54

Y-2

Omnihank Corporation
River Rouge, Michigan
Indecorp, Inc.
Chicago, Illinois
Independence Bank of Chicago
Chicago, Illinois
Drexel Holding Company
Chicago, Illinois
Drexel National Bank
Chicago, Illinois*

FR - 1-14-54
N - 1-31-94




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Gnlv
Comment Period
Endincr Date

Type

Application

4 (c) (8)

Cleveland Development Bancorporation
Chicago, Illinois
CDB Development Co.
Chicago, Illinois

FR -

2-2-94

4(c) (8)

Cleveland Development Bancorporation
Chicago, Illinois
Cleveland Enterprises Group
Chicago, Illinois

FR -

2-2-94

4 (c ) (8)

Shorebank Bancorporation
Chicago, Illinois
CDB Development Co.
Chicago, Illinois

FR -

2-2-94

4 (c) (8)

Shorebank Bancorporation
Chicago, Illinois
Cleveland Enterprises Group
Chicago, Illinois

FR -

2-2-94

4 (c) (8)

Old Kent Financial Corporation
FR - 3-31-94
Grand Rapids, Michigan
CDC--invest in low income housing projects

Y-4

First Colonial Bankshares Corporation
Chicago, Illinois
First Colonial Investment Services
Elmhurst, Illinois

FR - 4-11-94

4 (c) (8)

First Ozaukee Capital Corp.
Cedarburg, Wisconsin
Engage in making, acquiring or
servicing loans

FR - 4-15-94

Y-4

Heartland Financial USA, Inc.
Dubuque, Iowa
Keokuk Bancshares, Inc.
Keokuk, Iowa
First Community Bank, A Federal
Savings Bank
Keokuk, Iowa

FR - 4-15-94




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal R(?ai B - >
ier
Notice Only
(Continued)
Comment Period
Ending Date*

lype

Application

4 (c) (8)

Horizon Bancorp
Michigan City, Indiana
Horizon Insurance Group, Inc.
Michigan City, Indiana--act as
insurance agent or broker

FR -

4-7-94

4 (c) (8)

Horizon Bancorp Employee Stock Ownership
Plan
Michigan City, Indiana
Horizon Insurance Group, Inc.
Michigan City, Indiana - -act as
insurance agent or broker

FR -

4-7-94

Y-4

Northern Trust Corporation
Chicago, Illinois
Hazlehurst & Associates, Inc.
Atlanta, Georgia

FR

-

4-6-94

Y-4

Kerndt Bank Services, Inc.
Lansing, Iowa
Peters Insurance Agency
Lansing, Iowa

FR

-

4-5-94

4 (c) (8)

Valley Financial Corp.
Caro, Mi chigan
Engage in the sale of general insurance

FR

- 4 -18-94

Y-4

First Waukegan Corporation
Gurnee, Illinois
Hometown Finance Corporation
Glenview, Illinois

pR - 4-18-94

Y-4

Capitol Bancorp, Ltd.
Lansing, Michigan
Consolidated Bank Services, Inc.
Holland, Michigan

FR - 3-4-94




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

Tvoe

Apvlication

RoS

Peoples Bancorp, Inc.
Prairie du Chien, Wisconsin
Purchase shares of its stock

RoS

Geneva Bancshares, Inc.
Geneva, Illinois
Purchase up to 5.4 percent of its outstanding shares
of common stock

RoS

Spring Bancorp, Inc.
Springfield, Illinois
Redeem 175,155 shares of its common stock

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined b y the Federal Reserve
Bank of Chicago for compliance with the CRA. The 3 0 -business day period the
hank has to make the evaluation public has lapsed during the week ending
March 25, 1994.
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
NONE




EXAMINATION DATE

RATINGS

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING MARCH 25, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE

Application

End of Comment Period

None.

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

Application
* Section 3(a)(3) application by Union Planters
Corporation, Memphis, Tennessee, to acquire
Earle Bankshares, Earle, Arkansas.
Change in Control notification involving Aviston
Bancorp, Inc., Aviston, Illinois, by Paul H. Berns.

End of Comment Period

Newspaper:

4-22-94

Newspaper:

4-12-94

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE

Application

End of Comment Period

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

Application

None.

This application is subject to CRA.




End of Comment Period

FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f m eeting com m unity credit needs

An in t t t o i t i group has an outstanding record o , and i a leader i , ascertaining and helping to
siuin n hs
f
s
n
meet the credit needs of i s e t r delineated community, including low- and moderate-income
t nie
neighborhoods, i a manner consistent with i s resources and c p b l t e .
n
t
aaiiis
Satisfactory record o f m eeting community credit needs

An ins i u i n i t i group has a satisfactory record of ascertaining and helping to meet the credit needs
ttto n hs
of i s entire delineated community, including low- and moderate- income neighborhoods, i a manner
t
n
consistent with i s resources and c p b l t e .
t
aaiiis
Needs to im prove record o f meeting community credit needs

An i s i u i n i t i group needs t improve i s overall record of ascertaining and helping to meet the
nttto n hs
o
t
credit needs of i s e t r delineated community, including tow- and moderate-income neighborhoods, i a
t nie
n
manner consistent with i s resources and c p b l t e .
t
aaiiis
Substantial noncompliance in meeting community credit needs

An i s i u i n i t i group has a substantially deficient record of ascertaining and helping to meet the
nttto n hs
credit needs of i s e t delineated community, including low- and moderate-income neighborhoods, i a
t n ire
n
manner consistent with i s resources and c p b l t e .
t
aaiiis

FOR THE WEEK ENDING

Name of Bank
None




March 25, 1994

Bank Address

Examination
Date

Examination
Rating

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

Application
NONE
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period
Ending Date

First Sleepy Eye
Bancorporation, Inc.,
Sioux Falls, SD
To acquire 100% of the
voting share of the
First Security Bank of Benson
Benson, MN*

4-16-94
(Newspaper)

United Bank Corporation
Osseo, WI
To become a bank holding
company through the acquisition
of 96.92% of the voting shares
of United Bank, Osseo, WI;
88.82% of the voting shares
of Clarke County State Bank,
Osceola, IA;
84.83% of the voting shares
of Lincoln County Bank,
Merrill, WI;
99.67% of the voting shares
of Bank Poynette, Poynette,
WI;
100.00% of the voting shares
of Farmers State Bank,
Stickney,SD;
91.20% of the voting shares
of Farmers & Merchants State
Bank, Iroquois, SD; and
100.00% of the voting shares
of Cambridge State Bank,
Cambridge, WI.

Not yet available




Application

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Norwest Corporation
Minneapolis, MN
Title insurance agency activities
through the acquisition of a
joint venture, Title Network
Agency, Buffalo, NY

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Gale Bank Holding Company, Inc
Galesville, WI
To redeem 50.01% of its
voting shares.
^Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending March 28, 1994
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.
BANK(S) EXAMINED
None.




DATE OF EXAMINATION

CRA RATING

Section V - Availability of

Federal Reserve Bank of Kansas City

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

Leon Louis Stelling & Dianne J.
Stelling, both of Cole Camp,
Missouri, to increase their ownership
interests from 24.8 percent to 25.8
percent, in The Citizens-Farmers Bank
of Cole Camp, Cole Camp, Missouri.

Not Available

Jefferson County Bancshares, Inc.,
Daykin, Nebraska, for prior approval
to acquire 13.3 percent of the voting
shares of Plymouth Investment
Company, Plymouth, Nebraska.*

Not Available

Raton Capital Corporation,. Raton, New
Mexico, for prior approval to acquire
100 percent of the voting shares of
Farmers & Stockmens Bancorporaticn,
Clayton, New Mexico.*

Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.
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 moderateincome
neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit n e e d s of its
entire delineated community, including low- a n d moderateincome
neighborhoods, in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent with its
resources and capabilities.

Bank/Location

Exam Date

No ne.

♦Application is subject to CRA.




CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 21, 1994
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

Change in Control Notice by
James Robert Cole, Many, LA, to acquire an interest
in Sabine Bancshares, Inc., Many, LA
(Previously reported during the week of 3-7-94)

Change in Control Notice by
erry P. Gilmore, San Marcos, TX, to acquire an
interest in S.B.T. Bancshares, Inc., San Marcos, TX

94/03/30

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

Section 4(c)(8) de novo notification by
Summit Bancshares, Inc., Fort Worth, TX, to engage in the
activity of making an equity investment in a corporation
designed primarily to promote community welfare, such as
the economic rehabilitation and development of low income
areas by providing housing, services, or jobs through Fort
Worth Community Development Corporation, Fort Worth, TX

N/A

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Section 24A application by
United Bank & Trust, Abilene, TX, to invest in bank
premises in excess of bank’s capital stock

* 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 HARCH 21. 1994

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

Bank

Date of
Examination

The First State Bank of Matador
P. 0. Box 60
Main St. & Dundee
Matador, TX 79244
93/12/13




CRA Rating

Satisfactory

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 3/25/94
Section I - Applications Subject to Newspaper Notice Only
A p d I ication

Comment Period Ending Date

The Sun City Bank, Sun City, Arizona, to acquire
one branch office of First National Bank of
Arizona, Phoenix, Arizona. * (Note: this entry
corrects the listing for the week ending 3/18/94,
which erroneously characterized this transaction
as a merger of the two banks.)

Newspaper:

Not available

The Sun City Bank, Sun City, Arizona, to establish
a branch office at 19202 R.H. Johnson Boulevard,
Sun City West, Arizona. *

Newspaper:

Not available

Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
None

Section III - Applications Sub.iect to Federal Register Notice Only
BankAmerica Corporation, San Francisco, California,
to engage in executing and clearing, and clearing
without executing, futures on options on certain
non-financial commodities, through BA Futures, Inc.,
Chicago, Illinois.

Fed. Reg.:

4/22/94

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 3/25/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending March 25, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

California Center Bank

2222 W. Olympic Blvd.
Los Angeles, CA 90006
(213) 386-2222

12/13/93

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 moderateincome 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities





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