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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1995, NO. 9 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending March 4, 1995 ACTIONS TAKEN BY THE BOARD OF GOVERNORS m nnm m b m inipn’g Expansion of permissible affiliations between banks and other financial services providers -- statement by Chairman Greenspan before the House Committee on Banking an* Financial Services, February 28, 1995. Publish#*, February 28, 1995. BANK BRANCHES. DOMESTIC Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish branches at 3507 Mount Read Boulevard, Town of Greece; 3740 Ridge Road; 2345 Buffalo Road, Town of Gates, 1100 Jefferson Road, Town of Henrietta; 1900 Clinton Avenue; Town of Brighton, 734 South Panorama Trail; Town of Penfield; and 1854 Empire Boulevard, Town of Webster, all in Monro# County, New York. Approved, February 27, 1995. BANK HOLDING COMPANIES Banc On# Corporation, Columbus, Ohio; CoreStates Financial Corp, Philadelphia, Pennsylvania; PNC Bank Corp. Pittsburgh, Pennsylvania; KeyCorp, Cleveland, Ohio - - t o acquire certain assets of National City Corporation, Wilmington, Delaware, and for National City to acquire shares of Electronic Payment Services, Inc., and for KeyCorp to increase ownership in EPS. Approved, March 1, 1995. Cho Hung Bank, Seoul, Korea --to acquire Seoul Bank of California, Los Angeles, California. Approved, March 1, 1995. Comerica, Inc., Detroit, Michigan, and Comerica California Incorporated, San Jose, California -- to acquire University Bank 5 Trust Company, Palo Alto, California. Approved, March 1, 1995. Northern Trust Corporation, Chicago, Illinois, and Northern Trust of Florida Corporation, Miami, Florida - - t o acquire Beach One Financial Services, Inc., Vero Beach, Florida, and The Beach Bank of Vero Beach. Approved, February 27, 1995. H.2 FEBRUARY 27, 1995 PAGE 2 TO MARCH 3, 1995 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT Bank of Forest, Forest, Mississippi -- written agreement dated June 17, 1992, terminated: November 10, 1994. Announced, February 28, 1995. Blackshear Bank, Blackshear, Georgia -- cease and desist order dated December 28, 1992, terminated February 14, 1995. Announced, February 28, 1995. Citizens Savings Bank Company, Pemberville, Ohio written agreement dated December 8, 1993, terminated October 13, 1994. Announced, February 28, 1995. Marathon Bank, Stephens City, Virginia -- written agreement dated January 28, 1992, terminated November 23, 1994. Announced, February 28, 1995. PanAmerican Bank, Coconut Grove, Florida -- written agreement dated November 23, 1993, terminated October 18, 1994. Announced, February 28, 1995. Premier Bank, Lenexa, Kansas -- cease and desist order dated May 4, 1993, terminated December 22, 1994. Announced, February 28, 1995. Royal American Bank, Inverness, Illinois -- order of removal and of prohibition against Daniel E. Besler, Vice President. Announced, February 28, 1995. Sun City Bank, Sun City, Arizona -- cease and desist order dated February 13, 1991, terminated November 3, 1994. Announced, February 28, 1995. INTERNATIONAL OPERATIONS Bank of America National Trust and Savings Association, San Francisco, California, and BankAmerica International Finance Corporation --to make an investment in Bank of America Malaysia Berhad, Kuala Lumpur, Malaysia. Permitted, March 3, 1995. H.2 FEBRUARY 27, 1995 PAGE 3 TO MARCH 3, 1995 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Federal Reserve System, Purposes & Functions -revised and updated paperback book that explains the structure and operations of the Federal Reserve System. Announced, March 2, 1995. RESERVE BANK SERVICES Payments system risk reduction -- increase in daylight overdraft fee to 15 basis points, effective April 13, 1995, instead of 20 basis points, and evaluation of any need for further increases in daylight overdraft fee (Docket R0806). Approved, March 1, 1995. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R * Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC * Federal Open Market Committee; FRBO * Federal Reserve Bank Operations; IF - International Finance; OSDH - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Dallas Bank of Houston, Houston, Texas -- to establish a branch at 8002 Kirby. Approved, March 3, 1995. Chicago Comerica Bank, Detroit, Michigan -- to establish a branch at 4706Q Pontiac Trail. Walled Lake; 2319T Marter Road, St. Clair Shores; 25780 Middlebelt, Farmington Hills; 1625 Leonard, NE, Grand Rapids; 3518 Plainfield, NE; and 5270 Eastern Avenue, SE. Approved, March 2, 1995. H.2 FEBRUARY 27, 1995 PAGE 4 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago Comerica Bank, Detroit, Michigan --t o establish a branch at 5700 Beckley Road, Battle Creek, Michigan, and 294 Highland Avenue. Approved, March 2, 1995. St. Louis Du Quoin State Bank, Du Quoin, Illinois -- to establish a branch at Highway 51, Tamora, Illinois. Approved, February 27, 1995. Richmond FCNB Bank, Frederick, Maryland -- to establish an electronic funds transfer facility at the Frederick 1-70 Truck Stop 10, East Walser Drive. Approved, March 3, 1995. New York Merchants Bank of New York, New York, New York --to establish a branch at 275 Madison Avenue. Approved, February 27, 1995. Chicago Old Kent Bank, Elmhurst, Illinois --to establish a branch at 1023 West 55th Street, Countryside, and 7515 Jones Avenue, Woodbridge, Illinois. Approved, March 2, 1995. New York United Jersey Bank, Hackensack, New Jersey --to establish an offsite electronic facility at Meldisco, 933 MacArtnur Boulevard, Mahwah, New Jersey. Approved, March 1, 1995. BANK HOLDING COMPANIES Chicago Albert City Bankshares, Inc., Albert City, Iowa -- to acquire Citizens State Bank, Marathon, Iowa. Approved, March 3, 1995. Boston Benjamin Franklin Bancorp, M.H.C., Franklin, Massachusetts -- to acquire Benjamin Franklin Savings Bank. Approved, February 27, 1995. St. Louis Boatmen's Bancshares, Inc., St. Louis, Missouri --to acquire West Side Bancshares, Inc., San Angelo, Texas, and acquire Bank of the West. Approved, March 1, 1995. H.2 FEBRUARY 27, 1995 PAGE 5 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis Carlinville National Bank Shares, Inc., Carlinville, Illinois -- to acquire Macoupin County Community Development Corporation, and engage de novo in community development activities. Permitted, February 28, 1995. San Francisco Cascade Bancorp, Inc., Auburn, Washington -- to acquire Cascade Community Bank. Approved, March 2, 1995. Dallas Central Louisiana Capital Corporation, Vidalia, Louisiana -- to engage de novo in credit related insurance activities through Community Credit Centers, Inc., Lake Providence, Louisiana. Permitted, March 2, 1995. Secretary Commerce Bancshares, Inc., Kansas City, Missouri, and CBI-Illinois Corporation -- request for extension of time to seek reconsideration of the Board's approval of the application to acquire Peoples MidIllinois Corporation, Bloomington, Illinois, and The Peoples Bank. Denied, March 1, 1995. Dallas Cullen / Frost Bankers, Inc., San Antonio, Texas -to acquire Valley Bancshares, Inc., McAllen, Texas. Approved, February 27, 1995. New York Deutsche Bank AG, Frankfurt (Main) of Germany --to engage in trust exchange, and consumer financial Deutsche Bank Trust Company, New Approved, March 3, 1995. Dallas First Bancorp, Inc., Denton, Texas -- to acquire Shady Oaks Bancshares, Inc., Fort Worth, Texas, and Shady Oaks National Bank. Approved, March 1, 1995. Kansas City First Centralia Bancshares, Inc., Centralia, Kansas - to acquire Onaga Bancshares, Inc., Onaga, Kansas. Approved, March 2, 1995. Federal Republic services, foreign counseling through York, New York. H.2 FEBRUARY 27, 1995 PAGE 6 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas First Delaware Bancorp, Inc., Dover, Delaware -- to acquire Shady Oaks Bancshares, Inc., Fort Worth, Texas, and Shady Oaks National Bank. Approved, March 1, 1995. Richmond IBW, Inc., Washington, D.C. -- to acquire Industrial Bank, National Association. Approved, March 2, 1995. Atlanta ISB Financial Corporation, New Iberia, Louisiana -to engage through Iberian Financial Services, Inc. in investment and financial advisory activities and securities brokerage activities. Approved, March 1, 1995. Philadelphia MNB Corporation, Bangor, Pennsylvania -- to acquire The Merchants National Bank of Bangor. Approved, March 2, 1995. Kansas City Morrill Bancshares, Inc., Sabetha, Kansas -- to acquire Onaga Bancshares, Inc. Approved, March 2, 1995. Chicago National Bancorp, Inc., Melrose Park, Illinois -- to provide data processing services through National Bancorp Data Systems, Inc. Permitted, March 3, 1995. Minneapolis Norwest Corporation, Minneapolis, Minnesota --to acquire the United Texas Financial Corporation, Wichita Falls, Texas. Approved, March 1, 1995. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to engage in mortgage lending through First Nations National Bank of Kerrville, Kerrville, Texas. Approved, March 2, 1995. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to engage in the brokerage service business through Texas National Bank, Midland, Texas. Approved, March 2, 1995. H.2 FEBRUARY 27, PAGE 7 1995 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to engage in mortgage lending activities through Goldenbank, N .A ., Golden, Colorado. Approved, March 2, 1995. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to engage in mortgage lending activities through Community State Bank of Alexandria, Alexandria, Minnesota. Approved, March 3, 1995. Dallas Peoples Bancorp, Inc., Plano, Texas -- to acquire Peoples Bancorp of Delaware, Inc., Dover, Delaware, and Plano Bank St Trust, Plano, Texas. Approved, February 28, 1995. Dallas Peoples Bancorp of Delaware, Inc., Dover, Delaware -to acquire Plano Bank & Trust, Plano, Texas. Approved, February 28, 1995. Philadelphia Republic Bancorporation, Inc., Philadelphia, Pennsylvania --to acquire Republic Bank. Approved, March 3, 1995. Secretary SunTrust Banks, Inc., Atlanta, Georgia, and Sun Banks, Inc., Orlando, Florida --to acquire Peoples State Bank, New Port Richey, Florida. Approved, February 28, 1995. Atlanta Synovus Financial Corp., Columbus, Georgia, and TB&C Bancshares, Inc. -- to merge with Citizens St Merchants Corporation, Douglasville, Georgia, and acquire Citizens St Merchants State Bank. Approved, March 3, 1995. Dallas T&A Bancshares, Inc., Texarkana, Texas -- to acquire New Boston Bancshares, Inc., New Boston, Texas, and First National Bank of New Boston. Returned, March 3, 1995. H.2 FEBRUARY 27, 1995 PAGE 8 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COHPANIES Dallas Texas Financial Bancorporation, Inc., Minneapolis, Minnesota --t o acquire Shady Oaks Bancshares, Inc., Fort Worth, Texas, and Shady Oaks National Bank. Approved, March 1, 1995. New York Toronto-Dominion Bank, Toronto, Canada -- to acquire Lancaster Financial Corporation, New York, New York, and engage in investment advisory activities. Approved, February 28, 1995. Philadelphia United Valley Bancorp, Inc., Philadelphia, Pennsylvania --to acquire United Valley Bank. Approved, March 1, 1995. St. Louis Warren County Bancshares, Inc., Warrenton, Missouri - to acquire Bay-Hermann-Berger Bank, Hermann, Missouri. Approved, March 2, 1995. Chicago West Plains Investors, Inc., Pleasant Plains, Illinois -- to acquire Pleasant Plains State Bank. Approved, March 1, 1995. Chicago Whitewater Bancorp, Inc., Whitewater, Wisconsin -- to purchase loan participations and make direct loans. Permitted, March 3, 1995. St. Louis Wilmot Bank Holding Company, Wilmot, Arkansas -- to acquire Bank of Wilmot State Bank. Approved, February 27, 1995. San Francisco WSB Bancorp, Bellingham, Washington -- to acquire Whatcom State Bank. Returned, February 28, 1995. San Francisco Zions Bancorporation, Salt Lake City, Utah -- request for waiver of filing of application to merge with First Western Bancorporation, Moab, Utah Granted, March 3, 1995. H.2 FEBRUARY 27, 1995 PAGE 9 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Chicago Firstar Bank Illinois, Naperville, Illinois -- to merge with All American Bank, Chicago; Colonial Bank; Community Bank & Trust Company of Edgewater; Avenue National Bank; First Colonial Bank Southwest, Burbank; First Colonial Bank of McHenry County, Crystal Lake; First Colonial Bank of Downers Grove, Downers Grove; York State Bank, Elmhurst; Fox Lake State Bank, Fox Lake; First Colonial Bank / Highwood, Highwood; First Colonial Bank / Mundelein, Mundelein; First Colonial Bank of DuPage County, Naperville; First Colonial Bank Northwest, Niles; First Colonial Bank / Northlake; Avenue Bank of Oak Park, Oak Park; First Colonial Bank / Rosemont, Rosemont, and First Colonial Bank of Lake County, Vernon Hills, Illinois, and to establish 30 branches. Approved, March 1, 1995. Chicago Old Kent Bank, Elmhurst, Illinois to merge with Edgewood Bank, Countryside, Illinois, and to establish branches. Approved, M u c h 2, 1995. Philadelphia Republic Bank, Philadelphia, Pennsylvania -- to merge with Republic Interim Bank*. Approved, March 3, 1995. Philadelphia United Valley Bank, Philadelphia, Pennsylvania - - t o merge with UVB Interim Bank. Approved, March 1, 1995. Atlanta 1st United Bank, Boca Raton, Florida --to merge with Jupiter Tequesta National Bank, Tequesta, Florida. Approved, March 2, 1999. H.2 FEBRUARY 27, 1995 PAGE 10 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Chicago Founders Bancorp, Inc., Scottsdale, Arizona -redemption of shares. Approved, March 3, 1995. CHANGE IN BANK CONTROL Minneapolis Dakota Western Bancshares, Inc., Bowman, North Dakota -- change in bank control. Permitted, March 1, 1995. Atlanta First Pikeville Bancshares, Inc., Pikeville, Tennessee -- change in bank control. Perm itted, March 3, 1995. Atlanta MGeorgia Bankshares, Inc., Hawkinsville, Georgia -change in bank control. Permitted, March 2, 1995. Minneapolis Windom State Investment Company, Windom, Minnesota -change in bank control. Permitted, February 28, 1995. COMPETITIVE FACTORS REPORTS St. Louis Charter Bank, S.B., Sparta, Illinois, proposed purchase of the assets and assumption of the liabilities of the Du Quoin, Illinois, branch of First of America Bank-Illinois, N.A., Bannockburn, Illinois -- report on competitive ifactors. Submitted, March 3, 1995. Dallas Citizens State Bank, Gorman, Texas, proposed merger with Security State Bank, Abilene, Texas -- report on competitive factors. Submitted, February 27, 1995. Dallas Citizens State Bank of Lometa, Lometa, Texas, proposed merger with First State Bank, Temple, Texas -- report on competitive factors. Submitted, February 28, t995. Richmond City National Bank of Charleston, Charleston, West Virginia, proposed merger with Peoples State Bank, Eleanor, West Virginia -- report on competitive factors. Submitted, March 1, T995. H.2 FEBRUARY 27, 1995 PAGE 11 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York Community Bank, National Association, Canton, New York, proposed purchase of certain assets and assumption of certain liabilities of 15 branches of Chase Manhattan Bank, National Association, New York, New York -- report on competitive factors. Submitted, March 3, 1995. Richmond Farmers Bank, a Federal Savings Bank, Baltimore, Maryland, proposed merger with MarylandsBank, FSB, Towson, Maryland -- report on competitive factors. Submitted, February 28, 1995. Richmond First Citizens-Bank & Trust Company, Raleigh, North Carolina, proposed acquisition of the assets and assumption of the liability to pay deposits of the Bethlehem, Maiden, and Stoneville, North Carolina, branches of First Union National Bank of North Carolina, Charlotte, North Carolina -- report on competitive factors. Submitted, March 2, 1995. Chicago Firstar Bank of Minnesota, National Association, Bloomington, Minnesota, proposed merger with Investors National Bank, Wayzata, Minnesota -report on competitive factors. Submitted, March 2, 1995. Boston Gardiner Savings Institution, FSB, Gardiner, Maine, proposed acquisition of the Bath and Waterville, Maine, branches of Casco Northern Bank, N.A., Portland, Maine -- report on competitive factors. Submitted, March 3, 1995. San Francisco Household Bank (Nevada), N.A., Las Vegas, Nevada, proposed acquisition of certain assets and assumption of certain liabilities of Household Bank (California), N.A., Salinas, California -- report on competitive factors. Submitted, March 2, 1995. H .2 FEBRUARY 27, 1995 PAGE 12 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Investors First Interim Bank, National Association, Roseville, Illinois, proposed purchase of certain assets and assumption of the deposit liabilities of the Edina, Plymouth Road (Minnetonka), South Highway (Minnetonka) and Roseville branches of Investors Savings Bank, F.S.B., Wayzata, Minnesota -- report on competitive factors. Submitted, March 2, 1995. Chicago Investors National Bank, Wayzata, Minnesota, proposed merger with Investors First Interim Bank, National Association, Roseville, and Investors Second Interim Bank, National Association, Minneapolis, Minnesota -- report on competitive factors. Submitted, March 2, 1995. Chicago Investors Second Interim Bank, National Association, Minneapolis, Minnesota, proposed purchase of certain assets and assumption of the deposit liabilities of the Minneapolis, Brooklyn Center, and St. Louis Park branches of Investors Savings Bank, F.S.B., Wayzata, Minnesota -- report on competitive factors. Submitted, March 2, 1995. Chicago M&I Bank of Janesville, Janesville, Wisconsin, proposed merger with M&I Bank of Cambridge, Cambridge, Wisconsin -- report on competitive factors. Submitted, March 2, 1995. Chicago M&I Central Bank & Trust, Marshfield, Wisconsin, proposed merger with M&I National Bank of Neilsville, Neilsville, Wisconsin -- report on competitive factors. Submitted, March 2, 1995. Chicago M&I First American National Bank, Wausau, Wisconsin, proposed merger with M&I Bank of Mosinee, Mosinee, Wisconsin -- report on competitive factors. Submitted, March 2, 1995. H.2 FEBRUARY 27, 1995 PAGE 13 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND .THE -FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Mercantile-Bank of Boone County, Columbia, Missouri, Mercantile Bank of Lake of the Ozarks, Eldon; Mercantile Bank of Monett, Monett; Mercantile Bank of Missouri Valley, Richmond; Mercantile Bank of Phelps County, Rolla; and Mercantile Bank of Springfield, Springfield, Missouri, proposed purchase of the assets and assumption of the liabilities of various branches of United Savings Bank, Lebanon, Missouri -- report on competitive factors. Submitted, March 3, 1995. Chicago Mid-City National Bank of Chicago, Chicago, Illinois, proposed merger with Peoples Federal Savings and Loan Associates of Chicago -- report on competitive factors. Submitted, March 2, 1995. San Francisco Southern California Bank, Anaheim, California, proposed acquisition of certain assets and assumption of certain liabilities of Independence One Bank of California, F.S.B., Mission Viejo, California -- report on competitive factors. Submitted, February 28, 1995. Chicago Suburban Bank of Elmhurst, Elmhurst, Illinois, proposed merger with Subelm State Bank -- report on competitive factors. Submitted, March 2, 1995. St. Louis Union Planters Bank of East Tennessee, N.A., Knoxville, Tennessee, proposed merger with Security Trust Federal Savings and Loan Association, Inc. -report on competitive factors. Submitted, March 2, 1995. H. 2 FEBRUARY 27, 1995 PAGE 14 TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINg Chicago Associated Banc-Corp, Green Bay, Wisconsin extension to June 14, 1995, to serve as trustee for personal trusts, investment agency accounts, employee benefit plans and as trustee for Illinois Land Trusts through Associated Trust Company of Illinois, Inc., Chicago, Illinois. Granted, March 1, 1995. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, March 2, 1995. San Francisco Sakura Bank, Ltd., Tokyo, Japan -- extension to divest certain property. Granted, March 2, 1995. Chicago Shoreline Financial Corporation, Benton Harbor, Michigan -- extension to May 30, 1995, to acquire certain assets and assume deposit liabilities of the South Haven branch of Great Lakes Bancorp, a federal savings bank, South Haven, Michigan. Granted, February 28, 1995. At 1amt a TB&C Bancshares, Inc., Columbus, Georgia -- extension to June 2, 1995, to lease voting rights of Synovus Financial Corp. Granted, March 1, 1995. San Francisco Tokai Bank, Limited, Nagoya, Japan -- extension to divest certain property. Granted, March 2, 1995. H.2 FEBRUARY 27, 1995 PAGE 15 ADDITIONS AND CORRECTIONS TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Chicago Old Kent Bank, Grand Rapids, Michigan -- to establish a branch at 248 Culver, Saugatuck, Michigan. Returned, February 24, 1995. Secretary University Bank & Trust Company, Palo Alto, California --t o establish a branch at 275 Third Street, Los Alto, California. Approved, January 17, 1995. BANK HOLDING COMPANIES Chicago Ida Grove Bancshares, Inc., Ida Grove, Iowa -- to acquire American National Bank, Holstein, Iowa. Approved, February 23, 1995. BANKS. FOREIGN San Francisca Instituto Bancario San Paolo DI Torino SPA, Torino, Italy -- agreement pursuant to section 8 of the Securities and Exchange Act of 1934 concerning extensions of credit to securities brokers and dealers. Approved, February 22, 1995. H.2 FEBRUARY 27, 1995 PAGE 16 ADDITIONS AND CORRECTIONS TO MARCH 3, 1995 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago American National Bank, Holstein, Iowa, proposed purchase of the assets and assumption of the liabilities of the Galva branch of Ida County State Bank, Ida Grove, Iowa -- report on competitive factors. Submitted, February 23, 1995. Atlanta Bank of East Tennessee, Morristown, Tennessee, proposed purchase of certain assets and assumption of the liability to pay deposits of the Greenville, Tennessee, and Morristown, Tennessee, branches of Security Trust Federal Savings and Loan Association, Knoxville, Tennessee -- report on the competitive factors. Submitted, February 22, 1995. Atlanta Citzens Bank, Cookeville, Tennessee, proposed merger with DeKalb County Bank & Trust Company, Alexandria, Tennessee -- report on competitive factors. Submitted, February 24, 1999. EXTENSIONS OF TIM! Minneapolis West Concord Bancshares, Inc., West Concord, Minnesota -- extension to May 24, 1995, to engage in making loams for its own account. Granted, February 24, 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 Application Comment Period Ending Date Executive Auto Lease, Inc., Andover, MA - 3(a)(l)/4(c)(8) application to acquire Southern New Hampshire Bank and Trust C o ., Salem, New Hampshire* Newspaper Not Yet Established Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE Institution SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Examination Date Rating** NONE *Subject to CRA. **Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; “SN" - Substantial Noncompliance. "N“ - Needs to Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only__________ Marine Midland Bank, Buffalo, New York to establish a branch at 4191 North Buffalo Street, Orchard Park, New York.l/ 3/25/95 United Jersey Bank, Hackensack, New Jersey to establish a branch at 250 Moore Street, Hackensack, New Jersey.1/ 3/26/95 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (subject to Federal Register Notice Only) Union Bank of Switzerland, Zurich, Switzerland, to acquire through its wholly-owned indirect subsidiary, UBS Securities, Inc., New York, New York, one voting share (representing 2 percent of total equity) of Government Pricing Information System, Inc., New York, New York, a de novo information systems company that engages in obtaining and providing timesequential reporting of bid and asked and last-completed trade information concerning securities issued by the United States Treasury, Agency Securities and Zero Coupon Securities. 3/13/95 Deutsche Bank AG, Frankfurt, Federal Republic of Germany to acquire 100 percent of the voting shares of ITT Business Services Corporation, and ITT Commercial Finance Corporation, a Puerto Rico corporation, and thereby to engage indirectly in making and servicing loans, pursuant to Section 225.25(b) (l)(i) through (b)(1)(v) of Regulation Y, and in data processing, pursuant to Section 225.25(b)(7) of Regulation Y. 3/15/95 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 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 4 1995 NAME OF BANK RATING EXAMINATION DATE None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available Section I APPLICATIONS 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. F ederal R eserve B ank of C leveland P. 0. BOX 6387 CLEVELAND, OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending March 4,1995) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received notice from Commerce Exchange Bank, Beachwood, Ohio, on February 28,1995, of its intent to establish a CBCT facility at Beachwood Place Mall, Beachwood, Ohio. *March 8, 1995 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) notification from Mellon Bank Corporation, Pittsburgh, Pennsylvania, on February 17,1995, to establish a wholly-owned nonbank subsidiary to engage in certain securities activities. March 29, 1995 Received Section 4(c)(8) notification from Mellon Bank Corporation, Pittsburgh, Pennsylvania, on February 17,1995, to enter into a joint venture relationship with Chemical Banking Corporation, New York, New York, to each acquire a 50 percent partnership interest in Chemical Mellon Shareholder Services and thereby engage in certain securities transfer, record keeping, and other related activities. Not Yet Known SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received notice from The Huntington State Bank, Alexandria, Ohio, on March 1,1995, of its intent to acquire all of the shares of Huntington Insurance Services, Inc., a bank service corporation. * - 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 3, 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 3, 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 The Bank of Marion, Marion, Virginia, to establish a branch on State Route 90 East, Rural Retreat, Virginia.* 3-23-95 Highlands Union Bank, Abingdon, Virginia, to establish a branch at 821 Commonwealth Avenue, Bristol, Virginia.* 3-30-95 F & M Bank-Massanutten, Harrisonburg, Virginia, to establish a branch at the corner of Route 42 and American Legion Drive, Timberville, Virginia.* 3-30-95 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Union Corporation, Charlotte, North Carolina, to acquire Coral Gables Fedcorp, Inc., Coral Gables, Florida.* 3-21-95** Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date F 6c M National Corporation, Winchester, Virginia, to acquire Farland Investment Management, Inc. Winchester, Virginia. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice None. *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. 3-9-95** Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending March 3, 1995 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___ Signet Bank/Virginia 7 North Eighth Street Richmond, Virginia 23219-6003 Signet Bank/Maryland 7 St. Paul Street Baltimore, Maryland 21202-1077 Rating 8-8-94 Satisfactory 8-15-94 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 3. 1995 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Southern Bancshares, Inc. 03-31-95* Florence, Alabama Federal Register 1-BHC formation, First Southern Bank, Florence, Alabama. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Pointe Financial Corporation Not yet available Boca Raton, Florida Notification by Pointe Financial Corporation, Boca Raton, Florida, to engage de novo in making and servicing loans, pursuant to Section 225.25(b)(1) of Regulation Y; (i) through its subsidiary, Pointe Financial Services, Inc., Boca Raton, Florida (which will perform mortgage processing functions for third parties), and (ii) through its subsidiary, Pointe Investments Services, Inc., Boca Raton, Florida, which will own a 50 percent interest in Parkside Mortgage, Boca Raton, Florida, a general partnership (which will engage in mortgage brokerage related activities) *Subject to Provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 3. 1995 Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date First Farmers Bancshares, Inc. 03-21-95 Portland, Tennessee Through its subsidiary, Tennessee Business and Industrial Development Corporation, Chattanooga, Tennessee, To engage de novo in making, acquiring and servicing loans or other extensions of credit, and in community development activities, pursuant to Sections 225.25(b)(1) 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 3. 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: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank None. Rating Date Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending March 3. 1995 Recently Approved Applications Approval Date 1st United Bank 03-02-95 Boca Raton, Florida To merge with Jupiter Tequesta National Bank, Tequesta, Florida, pursuant to Section 18(c) of the Federal Deposit Insurance Act. 03-02-95 MGeorgia Bankshares, Inc. Hawkinsville, Georgia To acquire an additional 41.51 percent of the outstanding shares of MGeorgia Bankshares, Inc., Hawkinsville, Georgia. Total ownership will equal 44.51 percent. 03-03-95 Synovus Financial Corp. Columbus, Georgia To merge with Citizens & Merchants Corporation, Douglasville, Georgia, and thereby directly acquire Citizens & Merchants State Bank, Douglasville, Georgia, pursuant to Section 3(a) (5) of the Bank Holding Company Act. ISB Financial Corporation 03-01-95 New Iberia, Louisiana Through Iberia Financial Services, Inc., New Iberia, Louisiana, to engage in (i) investment or financial advisory activities, pursuant to Section 225.25(b)(4) of Regulation Y, and (ii) securities brokerage activities, pursuant to Section 225.25(b) (15) of Regulation Y. SunTrust Banks, Inc. 02-28-95 Atlanta, Georgia To acquire Peoples State Bank, New Port Richey, Florida, pursuant to Section 3(a)(3) of the Bank Holding Company Act. First Pikeville Bancshares, Inc. 03-03-95 Pikeville, Tennessee After-the-fact notification by John William Staley to retain 10.66 percent of the outstanding shares of First Pikeville Bancshares, Inc., Pikeville, Tennessee. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date lyp.e Application Merger/Branch Fifth Third Bank of Central Indiana N - ** Indianapolis, Indiana Fifth Third Bank of Southeastern Indiana Greensburg, Indiana & to establish 7 branches Branch Bank of Illinois in Normal Normal, Illinois 502 N. Prospect Road Normal, Illinois N - 3-15-95 Branch Quad City Bank and Trust Company Bettendorf, Iowa 4540 Brady Street Davenport, Iowa N - 3-17-95 Branch Old Kent Bank (formerly Old Kent Bank & Trust Company) Grand Rapids, Michigan 248 Culver Saugatuck, Michigan N - 3-5-95 Merger/Branch Old Kent Bank (formerly Old Kent Bank Sc Trust Company) Grand Rapids, Michigan First National Bank in Macomb County Mount Clemens, Michigan, and to establish 15 branches N -** 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 - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper Register Notice Federal Comment Period Ending Date lyse Application Y-2 Goodenow Bancorporation Okoboj i, Iowa Jackson Bancorporation, Inc. Fairmont, Minnesota Bank Midwest, Minnesota Iowa, N.A. Fairmont, Minnesota* FR - 2-16-95 NP - 3-11-95 Y-2 Firstar Corporation Milwaukee, Wisconsin Firstar Credit Card Bank, N.A. Gurnee, Illinois (in organization)* FR - 3-9-95 NP - 3-5-95 Y-2 Firstar Corporation of Wisconsin Milwaukee, Wisconsin Firstar Credit Card Bank, N.A. Gurnee, Illinois (in organization)* FR - 3-9-95 NP - 3-5-95 Y-2 Amcore Financial, Inc. Rockford, Illinois NBM Bancorp, Inc. Mendota, Illinois First National Bank in Peru Peru, Illinois National Bank of Mendota Mendota, Illinois* FR - 3-6-95 NP - 3-2-95 CoC-HC Iowa State Bank Holding Company FR - 3-8-95 NP - ** Des Moines, Iowa by Marvin R. Selden, Jr., Melvin H. Nielsen, Dennis L. Gallagher, Robert McLaughlin, Carl Selden as trustees of the Hugh N. Gallagher Y-2 Capitol Bancorp, Inc. Lansing, Michigan Grand Haven Bank Grand Haven, Michigan* FR - 3-17-95 NP - 3-3-95 (in organization) 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 Section II Federal Reserve Bank of Chicago Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Application Y-2 Old Second Bancorp, Inc. Aurora, Illinois Bank of Sugar Grove Sugar Grove, Illinois* FR - 3-17-95 NP - 3-11-95 Y-2 Greatbanc, Inc. Aurora, Illinois Greatbank Algonquin, Illinois* FR - ** NP - 12-25-94 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 - 3-3G-95 CoC-HC Rudolph Bancshares, Rudolph, Wisconsin James R . Judd FR - ** NP - ** Y-2 Norton Capital Corporation Morris, Illinois Sheridan Bancorp, Inc. Morris, Illinois Sheridan State Bank Sheridan, Illinois FR - 4-7-95 NP - ** 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 Application Comment Period Ending Datp. 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 - ** NP - ** Sword Limited Partnership 1994 Horicon, Wisconsin Sword Financial Corporation Horicon, Wisconsin Horicon State Bank Horicon, Wisconsin* PR _ ** NP - ** Federal Reserve Bank of Chicago Section III - Applications Subiect to Federal Register Notice Only Comment Period Ending Date Type Application 4 (c) (8) First Mutual Bancorp, Inc. Decatur, Illinois making a loan to the ESOP to purchase stock of First Mutual Bank S.B. FR - 3-1-95 4 (c) (8) Quad City Holdings, Inc. Bettendorf, Iowa Quad City Bancard, Inc. Bettendorf, Iowa FR - 3-7-95 4 (c) (8) Marshall & Ilsley Corporation FR - 3-8-95 Milwaukee, Wisconsin Newco Milwaukee, Wisconsin and to engage in additional data processing & data transmission activities 4 (c) (8) Ogle County Bancshares, Inc. FR - 3-14-95 Rochelle, Illinois to continue to engage in lending activities 4 (c) (8) Castle Banc Group, Inc. DeKalb, Illinois Premier Home Financing, Inc. Oak Brook, Illinois 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 FR - 3-15-95 FR - 3-21-95 NP - 4-3-95 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Typ£ Application 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) Southwest Bancorp, Inc. FR - ** Worth, Illinois to establish Interbanx Southwest, Inc. and to be operated as an export trading company 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 ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Sheridan Bancorp, Inc. Morris, Illinois to repurchase 103 (47.03%) of its issued and outstanding shares of stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MARCH 3, 1995 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period ♦Section 3(a)(5) application by AMBANC Corp., Vincennes, Indiana, to acquire First Robinson Bancorp, Robinson, Illinois. Newspaper: 4/3/95 WITHDRAWN - *Section 3(a)(1) application by NC Bancorp, Inc., Shepherdsville, Kentucky, to acquire Nelson County Banking Company, Bardstown, Kentucky (previously reported during week ending 2/17/95). Newspaper: 3/16/95 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Cass Commercial Corporation, St. Louis, Missouri, to engage de novo in lending (purchase of credit card receivables) through its subsidiary, Cass Information Systems, Inc., Bridgeton, Missouri. Not yet available Section 4(c)(8) notification by Turner Bancshares, Inc., Potosi, Missouri, to acquire HDJ Turner Company, d/b/a Potosi Abstract, Potosi, Missouri. Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Section 9 membership application by Bank of Altenburg, Altenburg, Missouri ♦This application is subject to CRA. N/A FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record of meeting community credit needs A n i n s t i t u t i o n in t h i s g r o u p h a s a n o u t s t a n d i n g r e c o r d o f , a n d i s a l e a d e r i n , a s c e r t a i n i n g a n d h e l p i n g t o m e e t th e c r e d it n e e d s o f i t s e n tir e d e lin e a te d c o m m u n ity , in c lu d in g l o w - a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h i t s r e s o u r c e s a n d c a p a b i l i t i e s . Satisfactory record of meeting community credit needs A n i n s t i t u t i o n in t h i s g r o u p h a s a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g t o m e e t t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g l o w - a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s te n t w ith its r e s o u r c e s a n d c a p a b ilitie s . Needs to improve record of meeting community credit needs A n i n s t i t u t i o n in t h i s g r o u p n e e d s t o i m p r o v e i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g t o m e e t t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g l o w - a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s te n t w ith i t s r e s o u r c e s a n d c a p a b ilitie s . Substantial noncompliance in meeting community credit needs A n i n s t i t u t i o n in t h is g r o u p h a s a s u b s t a n t i a l l y d e f i c ie n t r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g t o m e e t t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g l o w - a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s te n t w ith i t s r e s o u r c e s a n d c a p a b ilitie s . FOR THE WEEK ENDING Name o f Bank M arch 3, Bank Address 1995 E x a m in a t io n D a te None E x a m in a tio n R a tin g FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Guaranty Development Company, Livingston, MT, to acquire 100% of the American Bank (Whitefish) , Whitefish, MT* March 27, 1995 (Federal Register) First Interstate BancSystem of Montana, Inc., Billings, MT, to acquire 100% of the voting shares of First Park County Bancshares, Inc. Livingston, MT* Not yet available Brill Bancshares, Inc., Brill, WI , to acquire 80.11% of the voting shares of Bill State Bank, Brill, WI* March 31, 1995 (Federal Register) Larry D. Peterson, to acquire 25.5% of the voting shares of First Financial Services of Moose Lake, Inc. Moose Lake, MN March 22, 1995 (Federal Register) Norwest Corporation, Minneapolis, MN, to acquire 100% of the voting shares of New Braunfels Bancshares, Inc., New Braunfels, TX* March 31, 1995 (Federal Register) Norwest Corporation, Minneapolis, MN, to acquire 100% of the voting shares of the First Tule Bancorp, Inc., Tulia, TX* March 31, 1995 (Federal Register) FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment P e r io d Application F ir s t E n d in g Comm unity Bank G ro u p , and i t s w h o lly -o w n e d Tod d C o u n ty A g e n c y , H o p k in s , v o t in g MN, sh a re s to I n c ., s u b s id ia r y , I n c ., a c q u ir e b o th 31, 1995 ( F e d e r a l R e g is t e r ) of 100% o f o f C it iz e n s M a rc h D a te S ta te th e Bank Barrett, Barrett, MN* ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Norwest Corporation, Minneapolis, MN, to engage in making, and servicing loans through the acquisition of the mortgage origination and servicing business of First National Bank of Parker, Parker, CO Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Northeast Bancorp, Inc., Brandon, SD, to redeem 33.33% of its Class A common voting shares M&I Bank of LaCrosse, LaCrosse, W I , to become a member of the Federal Reserve System M&I Community State Bank, Eau Claire, WI , to become a member of the Federal Reserve System FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending March 3, 1995 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 grpups: 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 Federal Reserve Bank of Kansas City SECTION 1 - APPLICATIONS SUBIECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE First State Bank of Taos, Taos, New Mexico, for prior approval to establish a branch facility at 2421 Main Street S.E., Los Lunas, New Mexico. Not Available The Vail Bank, Vail, Colorado, for prior approval to merge with Snow Bank, N.A., Dillon, Colorado. Not Available Sheridan National Bank, Sheridan, Wyoming, for prior approval to become a member of the Federal Reserve System. Not Available SECTION 11 - APPLICATIONS SUBIECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Bank of Colorado Holding Company, Vail, Colorado, for prior approval to merge with Snow Bankcorp, Inc., Dillon, Colorado.* COMMENT PERIOD ENDING DATE Not Available SECTION III - APPLICATIONS SUBIECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBIECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. Federal Reserve Bank of Kansas City 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: 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. Substantia! 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. CRA Rating Bank/Location Exam Date CRA Public Date Citizens Bank P.O. Box 645 Westminster, Colorado 80030-0654 11-28-94 03-02-95 Satisfactory First State Bank P.O. Box 546 Temple, Oklahoma 73568-0546 11-28-94 03-02-95 Outstanding Federal Reserve Bank of Kansas City First Bank of Chandler P.O. Box 218 Chandler, Oklahoma 74834-0218* *Application is subject to CRA. 11-28-94 03-02-95 Satisfactory FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 27, 1995 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 9 application received from Security Bank of Arlington, Arlington, TX, to establish a branch at 5615 Green Oaks Blvd., S.W., Arlington, TX 76017 95/03/20 ♦Section 9 application received from Texas Bank, Weatherford, TX, to establish a branch at 1101 West Main Street, Lewisville, TX 75067 95/03/13 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION ♦Section 3(a)(1) application by CRB Financial Corp., San Antonio, TX, to acquire Camino Real Delaware, Inc., Wilmington, DE; Camino Real Bancshares, Inc., San Antonio, TX; and Camino Real Bank, N.A., Eagle Pass, TX (Previously reported during the week of 1-30-95) 95/03/15 ♦Section 3(a)(5) application by FirstBank Group, Inc., Los Fresnos, TX, to acquire Raymondville State Bancshares, Inc., Raymondville, TX 95/03/16 ♦Section 3(a)(3) application by FirstBank Group, Inc., Los Fresnos, TX, to acquire First Valley Delaware Financial Corporation, Dover, DE, and First Valley Bank, Raymondville, TX 95/03/16 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION None. NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by United Bancshares, Inc., Rosenberg, TX, to redeem 42,589 shares of its Series A preferred stock, and 26,667 shares of its Series B preferred 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 FEBRUARY 27. 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 None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/03/95 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Barnes Bancorporation, Kaysville, Utah, to become a bank holding company by acquiring Barnes Banking Company, Kaysville, Utah. * Newspaper: 3/13/95 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Wells Fargo & Company, San Francisco, California, to acquire Wells Fargo Bank (Arizona), National Association, Phoenix, Arizona. * Newspaper: 1/30/95 Fed. Reg.: 4/03/95 Section III -Applications Sub.iect to Federal Register Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.l Week ending 3/03/95 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending March 3, 1995. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Westamerica Bank 1108 Fifth Avenue San Rafael, CA 94901 (415) 257-8000 10/31/94 Satisfactory Guardian State Bank 142 East 200 South Salt Lake City, UT 84118 (801) 966-5175 11/14/95 Satisfactory Examination Date Rating* *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