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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
F E D E R A L R E S E R V E SYST E M

H.2, 1994, No. 10
A c t i o n s of the Board, its Staff, and
the Federal R e s e r v e Banks;
A p p l i c a t i o n s and R e p o r t s R e c e i v e d
D u r i n g the W e e k E n d i n g M a r c h 5, 1994

ACTIONS TAXEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS

Views of the Federal Reserve Board on proposals
to consolidate the banking regulators into a single
agency -- statement by Chairman Greenspan before
the Senate Committee on Banking, Housing, and Urban
Affairs, March 2, 1994.
Published, March 2, 1994.
BANK HOLDING COMPANIES

Iowa National Bankshares Corporation, Waterloo,
Iowa -- to acquire MidAmerica Financial
Corporation, MidAmerica Savings Bank, F.S.B., and
certain other nonbanking subsidiaries of MidAmerica
Financial corporation.
Approved, February 28, 1994.
Shawmut National Corporation, Hartford, Connecticut - deferral of action on petition for
reconsideration of application to acquire New
Dartmouth Bank, Manchester, New Hampshire, until a
date not later than May 2, 1994.
Approved, March 4, 1994.
ENFORCEMENT

Merchant Bancshares, Inc., Burlington, Vermont -written agreement dated February 18, 1994, with the
Federal Reserve Bank of Boston.
Announced, February 28, 1994.
Pacific Western Bank, San Jose, California -issuance of a combined order to cease and desist
and order of assessment of a civil money penalty
against the bank.
Announced, March 2, 1994.
RESERVE BANK OPERATIONS




Federal Reserve Bank of Boston - - t o upgrade
electrical system.
Approved, February 28, 1994.
Federal Reserve Bank of Richmond —
basement area.
Approved, February 28, 1994.

renovation of

Federal Reserve Bank of San Francisco — renovation
of the ground floor of the Seattle Branch.
Approved, February 28, 1994.

H.2
FEBRUARY 28, 1994
PAGE 2

TO

MARCH 4, 1994

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




Kansas City

Bank of Holden, Holden, Missouri -- to establish a
branch in Warrensburg, Missouri.
Approved, March 4, 1994.

Chicago

Comerica Bank, Detroit, Michigan -- to establish a
branch at 15251 24 Mile Road, Macomb Township,
Michigan.
Approved, March 3, 1994.

Chicago

First of America Bank - Ann Arbor, Michigan -- to
establish a branch at 2140 Rawsonville Road,
Ypsilanti Township, Michigan.
Approved, March 1, 1994.

Chicago

First of America Bank-Security, Southgate, Michigan - to establish a branch at 33505 Schoolcraft Road,
Livonia, Michigan.
Approved, March 1, 1994.

Kansas City

First United Bank, Parker, Colorado -- to establish a
de novo branch at 1700 East Platte Avenue, Colorado
Springs, Colorado.
Approved, February 28, 1994.

Kansas City

OMNIBANK University Hills, Denver, Colorado, Denver,
Colorado --t o establish a branch at 2351 South
Colorado Boulevard.
Approved, March 1, 1994.

Kansas City

OMNIBANK University Hills, Denver, Colorado - -t o
establish a branch at 9900 West Belleview Avenue,
Littleton, Colorado.
Approved, March 1, 1994.

H.2
FEBRUARY 28, 1994
PAGE 3

TO

MARCH 4, 1994

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

BANK HOLDING COMPANIES




St. Louis

Boatmen's Bancshares, Inc., St. Louis, Missouri
proposal that Boatmen's Trust Company acquire Cagle
Management & Trust Company, Houston, Texas.
Approved, March 4, 1994.

Richmond

Crestar Financial Corporation, Richmond, Virginia
to acquire Annapolis Bancorp, Inc., Annapolis,
Maryland.
Approved, March 4, 1994.

Richmond

Crestar Financial Corporation, Richmond, Virginia -proposal that Crestar Bank MD, Bethesda, Maryland,
merge with Annapolis Federal Savings Bank,
Annapolis, Maryland, and to establish ten branches.
Approved, March 4, 1994.

Dallas

Extraco Bankshares, Inc, Waco, Texas --to acquire
Guaranty Bank and Trust Company, Gatesville, Texas.
Approved, March 4, 1994.

Atlanta

FF Bancorp, Inc., New Smyrna Beach, Florida -- to
engage in the operation of savings associations
through retaining First Federal Savings Bank of New
Smyrna; and First Federal Savings Bank of Citrus
County, Inverness, Florida, and then to engage in
securities brokerage activities.
Approved, March 1, 1994.

Atlanta

FF Bancorp, Inc., New Smyrna Beach, Florida - - t o
acquire Key Bancshares, Inc., Tampa, Florida, and
The Key Bank of Florida.
Approved, March 1, 1994„

Chicago

First of America Bank Corporation, Kalamazoo,
Michigan — to acquire LGF Bancorp, Inc., LaGrange,
Illinois, and LaGrange Federal Savings and Loan
Association, LaGrange, Illinois.
Approved, March 3, 1994.

H.2
FEBRUARY 28, 1994
PAGE 4

TO

MARCH 4, 1994

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

BANK HOLDING COMPANIES




Chicago

First Waukegan Corporation, Gurnee, Illinois - - t o
acquire Security Chicago Corp., Chicago, Illinois,
First Security Bank of Chicago; First State Bancorp
of Princeton, Illinois, Inc., Princeton; First
State Bank of Princeton; First State Bank of
Ashton-Rochelle, Ashtown; and First State Bank of
Gridley, Gridley, Illinois.
Returned, March 4, 1994.

Chicago

Firstbank of Illinois Co., Springfield, Illinois -to engage in securities brokerage and underwriting
and dealing in government obligations and money
market instruments through Rowe, Henry & Deal,
Inc., Jacksonville, Illinois.
Approved, March 2, 1994.

Kansas City

Huckabay Enterprises A Limited Partnership, Mustang,
Oklahoma -- to acquire Southwest State Corporation,
Sentinel, Oklahoma, Wichita Bancshares, Inc.,
Snyder, Oklahoma, and First Mustang Corporation,
Mustang, Oklahoma.
Approved, March 3, 1994.

Dallas

Kermit State Bancshares, Inc., Kermit, Texas --t o
acquire Bank of The West, N.A. Odessa, Texas.
Approved, February 28, 1994.

Dallas

Limestone Bancshares, Inc., Mexia, Texas -- to
acquire First National Bank of Mexia.
Approved, March 4, 1994.

Secretary

Michigan Financial Corporation, Marquette, Michigan - to acquire Houghton Financial, Inc. Houghton,
Michigan, and Houghton National Bank.
Approved, March 1, 1994.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -proposal that Norwest Bank Arizona, N.A. Phoenix,
Arizona, purchase certain assets and assume certain
liabilities of First Nationwide Bank, FSB, San
Francisco, California.
Approved, March 4, 1994.

H.2
FEBRUARY 28, 1994
PAGE 5

TO

MARCH 4, 1994

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

BANK HOLDING COMPANIES
Minneapolis

Norwest Corporation, Minneapolis, Minnesota - - t o
engage in securities brokerage activities through
FN Investment Center, Phoenix, Arizona.
Approved, March 4, 1994.

Dallas

Odem Delaware Financial Corporation, Wilmington,
Delaware - - t o acquire First State Bank of Odem.
Approved, March 1, 1994.

Chicago

Republic Bancorp Co., Orland Park, Illinois (an
Illinois corporation) - - t o acquire APL Financial,
Inc., Chicago, Illinois, and Cook Community Bank,
FSB.
Approved, March 4, 1994.

Chicago

Republic Bancorp Co., Orland Park, Illinois -- to
acquire MAH Bancorp, Inc., Orland Park, Illinois,
Republic Bank of Chicago, Chicago, Illinois, and
MAH Financial, Inc., and First Cook Community Bank,
FSB.
Approved, March 4, 1994.

Chicago

Republic Bancorp Co., Orland Park, Illinois, a
Delaware corporation -- to acquire APL Financial,
Inc., Chicago, Illinois, and First Cook Community
Bank, FSB.
Approved, March 4, 1994.

Kansas City

Sack Family Partnership, York, Nebraska -- to acquire
York State Company.
Approved, February 28, 1994.

St. Louis

Southwest Bancshares, Inc., Jonesboro, Arkansas -- to
acquire FirstBank of Arkansas, Kensett, Arkansas.
Approved, March 3, 1994.

BANK MERGERS




Richmond

Crestar Bank MD, Bethesda, Maryland --t o merge with
Annapolis Federal Savings Bank, Annapolis,
Maryland.
Approved, March 4, 1994.

H.2
FEBRUARY 28, 1994
PAGE 6

TO

MARCH 4, 1994

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

BANK MERGERS
Cleveland

WesBanco Bank Wheeling, Wheeling, West Virginia -- to
merge with WesBanco Bank Wellsburg, Inc.,
Wellsburg, West Virginia, and to establish a branch
at 800 Charles Street.
Approved, March 2, 1994.

BANK PREMISES
St. Louis

Arkansas Bank and Trust Company, Hot Springs,
Arkansas -- investment in bank premises.
Approved, March 4, 1994.

Chicago

Bank One, Champaign-Urbana, Champaign, Illinois -investment in bank premises.
Approved, March 3, 1994.

St. Louis

Effingham State Bank, Effingham, Illinois -investment in bank premises.
Approved, March 2, 1994.

Dallas

Sanger Bank, Sanger, Texas -- investment in bank
premises.
Approved, March 2, 1994.

CAPITAL STOCK
Dallas

First Haskell Bancorp, Inc., Haskell, Texas -redemption of shares.
Approved, February 28, 1994.

Kansas City

First Medicine Lodge Bancshares, Inc., Medicine
Lodge, Kansas -- redemption of shares.
Approved, March 1, 1994.

CHANGE IN BANK CONTROL




Kansas City

First Medicine Lodge Bancshares, Inc., Medicine
Lodge, Kansas -- change in bank control.
Permitted, March 1, 1994.

Minneapolis

McIntosh County Bank Holding Company, Inc., Ashley,
North Dakota -- change in bank control.
Permitted, March 4, 1994.

H .2

FEBRUARY 28, 1994
PAGE 7

TO

MARCH 4, 1994

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

CHANGE IN BANK CONTROL
Minneapolis

State Bank of Bottineau Holding Company, Bottineau,
North Dakota -- change in bank control.
Permitted, March 1, 1994.

COMPETITIVE FACTORS REPORTS




Boston

Abington Savings Bank, Abington, Massachusetts,
proposed acquisition of Hull Cooperative Bank,
Hull, Massachusetts -- report on competitive
factors.
Submitted, March 1, 1994.

Chicago

Bank of Ontario, Ontario, Wisconsin, proposed merger
with Genoa State Bank, Genoa, Wisconsin -- report
on competitive factors.
Submitted, February 28, 1994.

San Francisco

Downey Savings and Loan Association, Newport Beach,
California, proposed assumption of deposit
liabilities and purchase of certain assets of
Hawthorne Savings and Loan Association, Hawthorne,
California -- report on competitive factors.
Submitted, March 1, 1994.

St. Louis

Farmers and Merchants Bank, Reyno, Arkansas, proposed
assumption of the liability to pay the deposits
made in the Pocahontas, Arkansas, branch of Worthen
National Bank of Arkansas, Little Rock, Arkansas -report on competitive factors.
Submitted, March 3, 1994.

Chicago

First of America Bank-Kankakee, Kankakee, Illinois,
proposed merger with LaGrange Federal Savings and
Loan Association, LaGrange, Illinois — report on
competitive factors.
Submitted, March 3, 1994.

Richmond

First Union National Bank of North Carolina,
Charlotte, North Carolina, proposed merger with
American Commercial Savings Bank, Monroe, North
Carolina -- report on competitive factors.
Submitted, March 1, 1994.

H .2

FEBRUARY 28, 1994
PAGE 8

TO

MARCH 4, 1994

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

COMPETITIVE FACTORS REPORTS




Kansas City

Frontier Bank of Denver, Denver, Colorado, proposed
merger with The Bank, Evergreen, Colorado -- report
on competitive factors.
Submitted, March 4, 1994.

Dallas

Gonzales Bank, Gonzales, Texas, proposed merger with
Interim Gonzales Bank -- report on competitive
factors.
Submitted, February 28, 1994.

Dallas

Harrisburg Bank, Houston, Texas, proposed merger with
West Side National Bank of Pearland, Pearland,
Texas -- report on competitive factors.
Submitted, March 4, 1994.

St. Louis

Heritage National Bank, Shrewsbury, Missouri,
proposed merger with First Heritage Interim Bank -report on competitive factors.
Submitted, March 2, 1994.

Chicago

Iowa National Bankshares Corporation, Waterloo, Iowa,
proposed acquisition of Mid America Financial
Corporation, Waterloo, Iowa -- report on
compet it ive factors.
Submitted, February 28, 1994.

San Francisco

National Bank of Arizona, Tucson, Arizona, proposed
merger with Rio Salado Bank, Tempe, Arizona -report on competitive factors.
Submitted, March 1, 1994.

Minneapolis

Norwest Bank Minnesota West, N.A. Moorhead,
Minnesota, proposed merger with First National Bank
of Detroit Lakes, Detroit Lakes, Minnesota -report on competitive factors.
Submitted, March 4, 1994.

Chicago

Republic Bank of Chicago, Chicago, Illinois, proposed
merger with First Cook Community Bank, F.S.B. -report on competitive factors.
Submitted, March 4, 1994.

H .2

FEBRUARY 28, 1994
PAGE 9

TO

MARCH 4, 1994

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

COMPETITIVE FACTORS REPORTS




Philadelphia

Security National Bank, Pottstown, Pennsylvania,
proposed merger with Security Interim National Bank
-- report on competitive factors.
Submitted, March 3, 1994.

St. Louis

Simpson County Bank, Franklin, Kentucky, proposed
merger with Adairville Banking Company, Adairville,
Kentucky -- report on competitive factors.
Submitted, February 28, 1994.

Chicago

Steel City Bank of Chicago, Chicago, Illinois,
proposed merger with Thornridge State Bank, South
Holland, Illinois, and Tinley Park Bank, Tinley
Park, Illinois -- report on competitive factors.
Submitted, March 2, 1994.

St. Louis

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky, proposed acquisition of Citizens Federal
Savings Bank, Rockwood, Tennessee, and Peoples
Financial Services, Inc., Cookeville, Tennessee
report on competitive factors.
Submitted, February 28, 1994.

Kansas City

UMB Overland Park Bank, Overland Park, Kansas,
proposed merger with UMB City National Bank,
Atchinson; UMB Security State Bank, Fort Scott; UMB
Commercial National Bank, Kansas City; Ucf Highland
ffi
Park Bank and Trust, Topeka; and UMB North Plaza
State Bank -- report on competitive factors.
Submitted, March 4, 1994.

St. Louis

Union Planters Corporation, Memphis, Tennessee,
proposed acquisition of BANCFIRST Corporation,
Decatur, Alabama, and Bankfirst, a federal savings
bank — report on competitive factors.
Submitted, February 28, 1994.

Kansas City

Valley State Bank, Brighton, Colorado, proposed
merger with Platte Valley State Bank -- report on
competitive factors.
Submitted, March 4, 1994.

H .2

FEBRUARY 28, 1994
PAGE 10

TO

MARCH 4, 1994

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

COMPETITIVE FACTORS REPORTS
Dallas

West Side National Bank of Pearland, Pearland, Texas,
proposed merger with New Bank -- report on
competitive factors.
Submitted, March 4, 1994.

EXTENSIONS OF TIME




San Francisco

BankAmerica Corporation, San Francisco, California -extensions to divest certain properties.
Granted, March 1, 1994.

San Francisco

BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, March 1, 1994.

Richmond

BB&T Financial Corporation, Wilson, North Carolina -extension to June 1, 1994, to acquire Home Savings
Bank of Albemarle, SSB, Albemarle, North Carolina.
Granted, March 1, 1994.

Dallas

Caldwell Bancshares, Inc., Caldwell, Texas -extension to May 23, 1994, to acquire Caldwell
Bancshares of Delaware, Inc., Wilmington, Delaware,
and Caldwell National Bank, Caldwell, Texas.
Granted, February 28, 1994.

Dallas

Caldwell Bancshares of Delaware, Inc., Wilmington,
Delaware -- extension to May 23, 1994, to acquire
Caldwell National Bank, Caldwell, Texas.
Granted, February 28, 1994.

Minneapolis

Western Bank, Sioux Falls, South Dakota -- extension
to November 30, 1994, to establish a de novo branch
at 420 South Sycamore Avenue.
Granted, March 3, 1994.

H.2
FEBRUARY 28, 1994
PAGE 11

TO

MARCH 4, 1994

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

INTERNATIONAL OPERATIONS




Richmond

NCNB Overseas Corporation, Charlotte, North
Carolina -- amendment to the Articles of
Association to change name to NationsBank Overseas
Corporation.
Approved, March 4, 1994.

H.2
FEBRUARY 28, 1994
PAGE 12

ADDITIONS AND CORRECTIONS
TO

MARCH 4, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

RESERVE BANK SERVICES




Payment system risk policy -- overnight overdraft
penalty fee changes.
Approved, February 16, 1994.

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
Comment Period Ending Date

Application
Fleet Financial Group,
Inc., Providence, Rhode
Island - 3(a) (3)/3(a) (5)
application to acquire
Sterling Bancshares Corporation,
Waltham, Massachusetts*

Newspaper

03-23-94

Federal Register
Not Yet Established

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
Not Yet Established

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

 ♦Subject


NONE

to CRA.

03-28-94

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution

Examination Date

Rating**

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




Federal Reserve Bank o f New York

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________

None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice

UJB Financial Corp., Princeton, New Jersey, to acquire VSB
Bancorp, Inc., Closter, New Jersey and its wholly-owned
subsidiary, Valley Savings Bank, and under certain
cirmcumstances to exercise a stock option agreement to
purchase not more than 19.9 percent of the outstanding common
shares of VSB Bancorp. 1/
3/26/943./
SECTION III

Nonbanking Applications
(Subject to Federal Register Notice Only)
Sumitomo Trust and
acquire all of the
Aviation Services,
engage in aircraft

Banking Co., Ltd., Osaka, Japan, to
outstanding common shares of Boullioun
Inc., Bellevue, Washington, and thereby
leasing activities.

3/25/94

Union Bank of Switzerland, Zurich, Switzerland, to engage
de novo through its subsidiary, UBS Community Development
Corporation, New York New York in community development
activities.

N/A

Deutsche Bank AG, Frankfurt (Main), Federal Republic
of Germany, to continue to engage through its whollyowned indirect subsidiaries, Deutsche Bank Sharps
Pixley, Inc. ("DBSP") and Sharps Pixley Brokers, Inc.
("Brokers"), both of New York, New York, in trading
by DBSP for its own account in gold and silver bullion
and providing related financial services, trading in
platinum bullion, and execution by Brokers opf certain
non financial futures contracts and options on those
futures contracts and rendering advisory services
thereto.

N/A

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 neighbor­
hoods, in a manner consistent with its resources and capabilities.
Week Endincr March 5, 1994
NAME OF BANK

RATING

EXAMINATION DATE

None.

cn |n|

1/
/
/

4/

Subject to previsions 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 AND FEDERAL REGISTER NOTICE
Harlevsville National Corporation, Harleysville, Pennsylvania, requests approval to
acquire 100% of the voting shares of Security National Bank, Pottstown, Pennsylvania,
pursuant to Section 3(a)(3) of the Bank Holding Company Act.
Newspaper Comment Period expires:
Fed. Reg. Comment Period expires:

3/21/94
3/25/94

Corestates Financial Corp., Philadelphia, PA requests approval to acquire 100% of
Independence Bancorp, Inc., Perkasie, PA, pursuant to Section 3(a)(5) of the BHC Act
and, thereby, indirectly acquire Bucks County Bank & Trust Company, Perkasie, PA;
Cheltenham Bank, Cheltenham, PA; Lehigh Valley Bank, Bethlehem, PA, and Third National
Bank & Trust Company of Scranton, Scranton, PA.
Newspaper Comment Period expires:
Fed. Reg. Comment Period expires:

3/23/94
4/01/94

Matthew and Bennett Lindenbaum, trustees for 1994 Garden State Trust, request approval
to acquire up to 24.9% of Garden State Bancshares, Inc., Jackson, NJ, pursuant to the
Change in Bank Control Act.
Newspaper Comment Period expires:
Fed. Reg. Comment Period expires:

3/25/94
3/29/94

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:

N/A

Corestates Financial Corp., Philadelphia, PA requests approval to acquire 100% of
Rittenhouse Financial Services, Inc., Radnor, PA, pursuant to Section 4(c)(8) of the
BHC Act and, thereby, provide investment advice to any other person and registered
investment advice, pursuant to Sections 225.25(b)(4)(ii) and (iii) of Regulation Y.
Fed. Reg. comment period expires:

4/01/94

SECTION IV - APPLICATIONS NOT 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 OF CRA PUBLIC EVALUATIONS

The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending March 4, 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 mode rate-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.
Ah 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

R e s e r v e B a n k of C l e v e l a n d

Applications Bulletin
For Week Ending March 5, 1994

S E C T I O N I - A P P L I C A T I O N S S UBJECT TO N E W S P A P E R
N O T I C E ONL Y

None

SE C T I O N II - A P P L I C A T I O N S S U BJECT TO B O T H
N E W S P A P E R A N D FE D E R A L R E G I S T E R NO T I C E

Received Notice of Change in Bank Control
F: March 29, 1994
from Batrus & Co. (as nominee of P. Dunmire
Trust); Batrus & C o . (as nominee of S.E. Dunmire
Trust); Paul L. Dunmire, deceased, as trustee for
Philip L. Dunmire, pursuant to Uniform Gifts to
Minors Act; and Philip L. Dumnire (individual
capacity) of their intent to retain up to 51.000
percent of the outstanding shares of Peoples
Financial Corp., Inc., Ford City, Pennsylvania.
Received Section 3( a ) (3) application from
*F: April 4, 1994
Banc One Corporation, Columbus, Ohio, and Aaron
Acquisition Corporation, Louisville, Kentucky,
on February 18, 1994, to acquire Liberty National
Bancorp, Inc., Louisville, Kentucky.
Received Section 3(a) (5) application from
*F: April 4, 1994
First Financial Bancorp, Hamilton, Ohio, on March 1,
1994, to acquire First Clyde Banc Corp, Clyde, Ohio.
Received Section 3 (a)(1) application from
* Not Yet Known #
Harvest Home Financial Corporation, Cheviot,
Ohio, on March 1, 1994, to acquire Harvest Home
Savings Bank, Cheviot, Ohio.
Received Section 4 ( c ) (8) application from
* Not Yet Known #
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 Y o r k .

*
N
F
#

-

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




Applications Bulletin
For W e e k E n d i n g M a r c h 5, 1994

SE C T IO N I I I

- A P P L IC A T IO N S SUBJEC T TO FEDERA
NO TIC E ONLY

R E G IST E R

Not Yet Known #
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
Harvest Home Financial Corporation, Cheviot, Ohio,
on March 1, 1994, of its intent to engage de vovo
in lending activities pursuant to Section
225.25(b)(1) of Regulation Y.
Received Section 4 ( c ) (8) application from Banc
One Corporation, Columbus, Ohio, and Aaron
Acquisition Corporation, Louisville, Kentucky, on
February 18, 1994, to acquire the non-bank
subsidiaries of Liberty National Corporation,
Louisville, Kentucky.

April 4, 1994

Received Section 4 ( c ) (8) notification from
First Western Bancorp, Inc., New Castle,
Pennsylvania, of its intent to engage in making
residential mortgage loans for its affiliates and
others through a wholly-owned subsidiary,
Residential Mortgage Company, pursuant to Section
225.25(b)(1) of Regulation Y.

March 31, 1994

Not Yet Known #
Received Section 4 ( c ) (8) notification from
First Western Bancorp, Inc., New Castle,
Pennsylvania, of its intent to engage in making
residential mortgage loans for its affiliates and
others through a wholly-owned subsidiary,
Residential Mortgage Company, 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 Heartland Bank, Grove City, Ohio, for
permission to exceed its limit of investment in bank premises
permitted under Section 24A of the Federal Reserve Act.
Received request from Orrville Savings Bank, Orrville, Ohio,
for permission to exceed its limit of investment in bank
premises permitted under Section 24A of the Federal Reserve
Act.




A V A I L A B I L I T Y OF CRA PUBLIC E VALUATIONS

(March 4, 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 4, 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.
NEE D S 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.
S U B STANTIAL N O N 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

Fairfax Bank & Trust Company, Fairfax,
Virginia, to establish a branch at
133 South Washington Street, Falls
Church, Virginia.*

3-28-94

The Middleburg Bank, Middleburg,
Virginia, to establish a branch at
431 East Main Street, Purcellville,
Virginia.*

4-1-94

BB&T Financial Corporation, Wilson, North
Carolina, to have its subsidiary, Branch
Banking and Trust Company, Wilson, North
Carolina, merge with the successor to
Citizens Savings Bank, Inc., S.S.B.,
Mooresville, North Carolina.*

4-2-94

BB&T Financial Corporation, Wilson, North
Carolina, to have its subsidiary, Branch
Banking and Trust Company, Wilson, North
Carolina, merge with the successor to
Mutual Savings Bank of Rockingham County,
SSB, Reidsville, North Carolina.*

4-2-94

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
None.

*Application is subject to CRA requirements.




Comment Period Ending Date

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice

Application
None.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending March 4, 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

Rating

Security Bank Corporation
8780 Centreville Road
Manassas, Virginia 22110

12-13-93

Satisfactory

St. Michaels Bank
213 Talbot Street
St. Michaels, Maryland

12-13-93

Satisfactory

12-13-93

Satisfactory

21663

Resource Bank
3720 Virginia Beach Boulevard
Virginia Beach, Virginia 23452




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 4, 1994
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 Community Corporation
Rogersville, Tennessee
1-BHC formation, First Community Bank
of East Tennessee, Rogersville, Tennessee.

Not yet available*

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.

Not yet available

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending March 4, 1994
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
The Peoples Bank and Trust Company
Selma, Alabama
Request for increase in bank premises.
Anglo-American Bancshares Corporation
Baton Rouge, Louisiana
Request for waiver of the application
requirement of Section 3(a)(4) of the Bank
Holding Company Act for the proposal to
acquire Baton Rouge Bank & Trust Company,
Baton Rouge, Louisiana.




Federal R e s erve B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a r c h 4.

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:
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.
Outstanding

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.

Satisfactory

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.
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.
Substantial noncompliance in meeting community credit needs:

Examination
Bank
Columbia Bank
Post Office Box 5079
Tampa, Florida 33675
(813)247-4811




Rating
Needs to Improve

Date
11-29-93

Federal Reserve Bank of Chicago
S e c t i o n I - A p p l i c a t i o n s Subject to N e w s p a p e r
N o t i c e Only

Comment Period
E n d i n g Date

Type

Application

Branch/24A/
SMB-OT

Bankers Trust Company
D e s Moines, I owa
C o r n e r o f E u c l i d & Cambridge A v e n u e
D e s Moines, I o w a *

N

- 3-4-94

Branch

First Bank North
Freeport, I l l i n o i s
3 9 5 7 N. M u l f o r d R o a d
Rockford, I l l i n o i s *

N

- 3-17-94

Branch

Old Kent Bank - Southwest
Kalamazoo, M i c h i g a n
35 1 0 We s t C e n t r e Street
Portage, M i c h i g a n *

N

- **

Branch
(Reg K)

The F i r s t N a t i o n a l Ba n k of Chicago
Chicago, I l l i n o i s
E s t a b l i s h a b r a n c h in Sydney, A u s t r a l i a *

N

★ ★




Federal Reserve Bank of Chicago
Section II

- A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l
Register Notice
Cowmenz Period
Ending Date

Type

Application

CoC-HC

I n d e p e n d e n c e Bancshares, Inc.
FR
Independence, Iowa
N
J. L. Blin; Baywa t e r Properties; W. Cree s ;
C. Fritz; V. Hoffman; W. Kuehn; G. Shor t ;
a n d H. Short

-

2-22-94
2-14-94

CoC-HC

F i r s t State Ban c o r p o r a t i o n
FR
I ndependence, Iowa
NP
J. L. Blin; Baywater Properties; W. Crees;
C. Fritz; V. Hoffman; W. Kuehn; G. Sho r t ;
a n d H. Short

-

**
3-14-94

Y-2

M a r q u e t t e National Corporation
Chicago, Illinois
O r l a n d State Bank
O r l a n d Park, Illinois*

FR

- **

Y-2

O l d K e n t Financial C orporation
G r a n d Rapids, Michigan
E d g e m a r k Financial C o r p o r a t i o n
Chicago, Illinois
E d g e m a r k B a n k -Lombard
Lombard, Illinois
E d g e m a r k Bank-Rosemont
Rosemont, Illinois
E d g e w o o d Bank
Countryside, Illinois
F i r s t National Bank of L o ckport
Lockport, Illinois
M e r c h a n d i s e National B a n k of C h i c a g o
Chicago, Illinois*

FR
N

- 2-25-94
- 3-15-94

Y-2

O l d Kent-Illinois, Inc.
E l m h u r s t , Illinois
E d g e m a r k Financial C o r p o r a t i o n
Chicago, Illinois
E d g e m a r k B a n k-Lombard
Lombard, Illinois
E d g e m a r k Bank-Rosemont
Rosemont, Illinois
E d g e w o o d Bank
Countryside, Illinois
F i r s t National Bank o f L o c k p o r t
Lockport, Illinois
M e r c h a n d i s e National B a n k of C h i c a g o
Chicago, Illinois*

FR
N

- 2-25-94
- 3-15-94




Federal Reserve Bank of Chicago
Section II

- A p p l i c a t i o n s S u b j e c t to B o t h N e w s o a o e r a n d F e d e r a l
Regis t e r Notice
(Continued)

Type
COC-HC

W i t h e e B a n k Shares,
Wi t h e e , Wi s c o n s i n
W a l t e r E. 01 l e c h

Y-2

C o m m e n t Period
E n d i n g Date

Avvlication

FR
N

_ **
- 3- 25-94

F i r s t M i c h i g a n B a n k Corporation
Holland, M i c h i g a n
O l d S t a t e B a n k Corpor a t i o n
Fremont, M i c h i g a n
O l d S t a t e B a n k o f Fremont
Fremont, M i c h i g a n *

FR
N

3-7-94
- 2-25-94

Y-2

Ida G r o v e Bancshares, Inc.
Ida Grove, Iowa
P.S.B. B a n c o r p o r a t i o n
W e s t D e s Moines, Iowa
L i b e r t y B a n k & Trust
Odebolt, Iowa*

FR
N

- 3-18-94
4-2-94

Y-2

L S B a n c o r p , Inc.
LaSalle, I l l i n o i s
C o m m u n i t y Ba n k of Utica
Utica, Il l i n o i s *

FR
N

- 3-18-94

Y-l

H a n c o c k Bancorp, Inc.
Plymouth, I l l i n o i s
C o m m u n i t y St a t e B a n k of Plymouth.
Plymouth, I l l inois*

FR
N

- 3-18-94
_ ★★

Y-l

N o r t hwest Indiana Bancorp
Munster, Indiana
Peoples Bank SB
Munst e r , I n d i a n a *

FR
N

- 3-18-94

First Waukegan Corporation
Gurnee, I l l i n o i s
S e c u r i t y C h i c a g o Corp.
Chicago, I l l i n o i s
F i r s t S e c u r i t y B a n k of Chicago
Chicago, I l l i n o i s *

FR
N

- 1-14-94
2-5-94

Y-2




Inc.

★★

- **

Federal Reserve Bank of Chicago
Section II

- A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l
Register Notice
(Continued)
Comment Period
E n d i n g Pat:
p

Type

Application

Y-2

F i r s t Waukegan C o r p o r a t i o n
Gurnee, Illinois
F i r s t State Bancorp o f Princeton,
Illinois, Inc.
Princeton, Illinois
F i r s t State Bank of P r i n c e t o n
Princeton, Illinois
F i r s t State B a n k of A s h t o n - R o c h e l l e
Ashton, Illinois
F i r s t State Bank of G r i d l e y
Gridley, Illinois*

FR - 1 - 1 4 - 9 4
N
- 2-5-94

Y-2
( 100 % )

F i r s t Chicago C orporation
Chicago, Illinois
L a k e Shore Bancorp, Inc.
Chicago, Illinois
B a n k of H i nsd ale
Hinsdale, Illinois
L a k e Shore National B a n k
Chicago, Illinois*

FR
N

- **
. **

Y-2
(15.6%;

F i r s t Chicago Corpor a t i o n
Chicago, Illinois
L a k e Shore Bancorp, Inc.
Chicago, Illinois
B a n k of Hinsdale
Hinsdale, Illinois
L a k e Shore National B a n k
Chicago, Illinois*

FR
N

- **
- **

CoC-HC

V e e d e r s b u r g Bank Corp.
Veedersburg, Indiana
S t e p h e n A. So nger

FR
N

- **
. **

Y -2

F i r s t Chicago C orpor a t i o n
Chicago, Illinois
H a m p t o n Park C o r p o r a t i o n
Romeoville, Illinois
Oxford Bank
Romeoville, Illinois*

FR - **
N
. **

CoC-HC

B l a n c h a r d v i l l e Financial Services,
Blanchardville, Wi s c o n s i n
F r e d e r i c k F. R e i n h a r d t




Inc.

FR _ * *
★★
N

Federal Reserve Bank of Chicago
Section III

- A p p l i c a t i o n s Subject to F e d e r a l R e g i s t e r
N o t i c e Only

Type
y-4

C a p i t o l Bancorp, Ltd.
Lansing, M i c h i g a n
C o n s o l i d a t e d B a n k Services,
Holland, M i c h i g a n

Comment Period
Ending Date

A d d I i ca ti on

4 (c) (8)

4 (c) (8)

FR - 3-4-94
Inc.

A m B a n k Company, Inc.
S i o u x Center, Iowa
P e r f o r m real e s t a t e appraisal s e r v i c e s
N o r t h w e s t A p p r a i s a l Services
S i o u x Center, Iowa
H o o s i e r H l l s Financial Corporation
Osgood, Indiana
E n g a g e in l e n d i n g activities via
l e n d i n g o f funds to E S O P

FR - 3-14-94
thru

FR -

3-8-94

the

4 (c) (8)

Cleveland Development Bancorporation
Chicago, I l l i n o i s
C D B D e v e l o p m e n t Co.
Chicago, I l l i n o i s

FR - **

4 (Ci (8)

Cleveland Development Bancorporation
Chicago, I l l i n o i s
C l e v e l a n d E n t e r p r i s e s Group
Chicago, I l l i n o i s

Fh. - * *

4 (C; (8)

Shorebank Bancorporation
Chicago, I l l i n o i s
C D B D e v e l o p m e n t Co.
Chicago, I l l i n o i s

FR - **

4 (C) (8)

Shorebank Bancorporation
Chicago, I l l i n o i s
C l e v e l a n d E n t e r p r i s e s Group
Chicago, I l l i n o i s

FR - **

4 (C) (8)

F i r s t M i d w e s t C o r p o r a t i o n of D e l a w a r e
E l m w o o d Park, I l l i n o i s
M i d w e s t Trust Services, Inc.
E l m w o o d Park, I l l i n o i s

FR - 3-14-94




Federal Reserve Bank of Chicago
Section III

- A p p l i c a t i o n s S t i h i m t to F e d e r a l R e g i s t e r
Notice Only
(C o n t i n u e d )
Comment P e r i o d
Ending Date

Type

Application

4(c) (8)

Q u a d C i t y H o l d i n g s , Inc.
Bettendord, Iowa
E n g a g e in l e n d i n g a c t i v i t y

4 (c) (8)

O l d K e n t Financial C o r p o r a t i o n
FR
G r a n d Rapids, M i c h i g a n
C D C - - i n v e s t in l o w i n c o m e h o u s i n g p r o j e c t s




FR

- 1-19-94

- **

Federal Reserve Bank of Chicago
S e c t i o n I V - A p p l i c a t i o n s N o t Subject to Federal R e g i s t e r o r N e w s p a p e r
Notice

Type

Aval i cation

None

N
FR
*
**

-

Newspaper
Federal R e g i s t e r
S u b j e c t to P r o v i s i o n s o f C o m m u n i t y R e i n v e s t m e n t A c t
N o t a v a i l a b l e at this time




AVAILABILITY OF CRA PUBLIC EVALUATIONS
The f o l l o w i n g s t a t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the F e d e r a l R e s e r v e
Ban k o f C h i c a g o f o r c o m p l i a n c e with the CRA.
The 3 0 - b u s i n e s s d a y p e r i o d the
ban k h a s to m a k e the e v a l u a t i o n p u b l i c h a s l a p s e d d u r i n g the w e e k e n d i n g
M a r c h 4, 1994.
I f y o u a r e i n t e r e s t e d in o b t a i n i n g a c o p y o f the e v a l u a t i o n
document, p l e a s e c o n t a c t the bank(s) directly.

Identification o f Ratings
O-An i n s t i t u t i o n in this group has an o u t s t a n d i n g r e c o r d of, a n d i s
a
l e a d e r in, a s c e r t a i n i n g a n d h e l p i n g to m e e t the 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 low- 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 its resou r c e s a n d c a p a b i l i t i e s .
S-An i n s t i t u t i o n i n this group has 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 to m e e t
the credit ne e d s of its e n tire 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 low- a n d m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s a n d capabilities.
NI-An i n s t i t u t i o n in this g r o u p n e e d s to i m p rove i t s o v e r a l l r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to me e t the credit n e e d s o f it s e n t i r e d e l i n e a t e d
community, i n c l u d i n g low- an 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
cons 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 .
SN-An i n s t i t u t i o n in this gr 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 i e 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 to m e e t the c r edit n e e d s of i t s e n t i r e d e l i n e a t e d
community, i n c l u d i n g low- and m o d e r a t e -income n e i g h b o r h o o d s ,
in a m a n n e r
cons 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 .
BANK NAME/LOCATION




EXAMINATION DATE

RATINGS

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING MARCH 4. 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE

Application

End of Comment Period

* Section 5(d)(3) application by Jacksonville
Bancorp,
Jacksonville, Illinois, to
acquire Jacksonville Savings Bank, Jacksonville,
Illinois (converting from a mutual savings bank
through merger into a de novo stock savings bank).

Newspaper: 3-28-94

* Section 9 application by River Valley Bank & Trust,
Lavaca, Arkansas, to establish a branch in
Charleston, Arkansas.

Newspaper: 3-26-94

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
* Section 3(a)(1) application by Jacksonville
Bancorp, M.H.C., Jacksonville, Illinois, to
acquire Jacksonville Savings Bank, Jacksonville,
Illinois.

End of Comment Period

Newspaper:

3-28-94

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 making and servicing loans through its nonbank
subsidiary, Cass Logistics, Inc., Bridgeton, Missouri
(previously reported during week ending 2-11-94).
3/14/94
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
Section 24A application by Arkansas Bank & Trust
Company, Hot Springs, Arkansas, for an investment
in bank premises. '

*This application is subject to CRA.




End of Comment Period

N/A

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

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs

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

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

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

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

FOR THE WEEK ENDING

Name of Bank
Arkansas Bank and
Trust Company




March 4, 1994

Bank Address
P. 0. Box 5640
Hot Springs, Arkansas 71902

Examination
Date
11-29-93

Examination
Rating
Outstanding

F E D E R A L R E S E R V E BANK OF M I N N E A P O L I S

Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endincr Date

Application
NONE

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

Comment Period
Endinq Date

Frandsen Financial Corporation,
Forest Lake, MN
To acquire, through merger, 100%
of the voting shares of the
Warren Bancshares, Inc.,
Warren, MN*

3-18-94
(Federal Register)

Tyson Corporation
Minneapolis, MN
To acquire through merger 100% of
the voting shares of the
Royalton Bancshares, Inc.,
Royalton, MN*

Not yet available

Mesaba Bancshares, Inc.,
Grand Rapids, MN
To become a bank holding company
through the acquisition of 80%
of the voting shares of Mountain
Iron First State Bank, Mountain Iron,
MN; 100% of the voting shares of Calumet
Investment Company, Grand Rapids, MN; and
of 100% of the voting shares of American
National Agency, Inc., Nashwauk, MN*

Not yet available

Bert and Lyle Johnson
To each acquire control of 50% of
the voting shares of Citizens State
Bancorporation, Petersburg, ND

Not yet available

*Subject to CRA




Section III - Applications Subject
to Federal Register Notice Only

Comment Period
Ending Date

Application
Lake Park Bancshares, Inc.,
Lake Park, MN
To engage de novo in making
and servicing loans*

Not yet available

Norwest Corporation
Minneapolis, MN
To engage in discount brokerage
activities through the acquisition
of the discount brokerage business
of First National Bank of Detroit
Lakes, Detroit Lakes, MN

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NONE

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section V - Availability of
CRA Public Evaluations
week ending March 4, 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 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 meed 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.
B A N K ( ) EXAMINED
S

DATE OF EXAMINATION

CRA RATING

Grand Marais State Bank
P.0. Box IOC
Grand Marais, MN 55604
(218) 387-2441

November 1, 1993

Satisfactory

Grand Rapids State Bank
P.O. Box 409
Grand Rapids, Mn 55744

November 29, 1993

Satisfactory

Farmers State Bank
of West Concord
P.O. Box 245
West Concord, MN 55985

November 29, 1993

Satisfactory




Federal Reseroe Bank of Kansas City

S E CTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

APPLICATION

COMMENT PERIOD ENDING DATE

None .
SE C T I O N II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

APPLICATION

COMMENT PERIOD ENDING DATE

City Bankshares, Inc., ESOP, Oklahoma
City, Oklahoma, for prior approval to
increase its ownership interest in
City Bankshares, Inc., Oklahoma City,
Oklahoma,, from 15.13 percent to 15.92
percent.*

Not Available

ColoEast Bancshares, Inc., Lamar,
Colorado, for prior approval to
become a bank holding company through
the acquisition of 88 percent of The
American State Bank, Granada,
Colorado, and 100 percent of First
Bank & Trust, Holly, Colorado.*

Not Available

S E C T I O N III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY

APPLICATION
Dickinson Financial Corporation,
Kansas City, Missouri, for prior
approval to acquire the Missouri
Picture Hills Branch of Farm & Home
Savings Association, Kansas City,
Missouri.

COMMENT PERIOD ENDING DATE
Not Available

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

APPLICATION
No n e .




Federal Reserve Bank of Kansas City

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUA T I O N S
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 m e eting 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.
Satisfa ctory record of me e t i n g 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 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 n e .

♦Application




is s u b j e c t to CRA.

CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 28, 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

None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF FEBRUARY 28. 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
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 03/04/94

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
Fai H. Chan, White Rock, B.C., Canada to increase
ownership up to 13.06 percent of American Pacific
Bank, Aumsville, Oregon. *

Newspaper:

03/31/94

Fed. Reg.:

Not available

NBT Northwest Bancorp, Tukwila, Washington to become
a bank holding company by acquiring National Bank of
Tukwila, Tukwila, Washington. *

Newspaper:

Not available

Fed. Reg..

Not available

Section III - Applications Subject 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. Rea.:

Not yet
published

BWC Financial Corp., Walnut Creek, California, to engage
in mortgage brokerage services through a joint venture
through BWC Mortgage Services, Walnut Creek, California.

Fed. Reo.:

Not available

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

* Subject to CRA




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.)
Week ending 03/04/94

Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending December 24, 1993. Information about a particular institution’s CRA evaluation may
be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None

* 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102