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research u drapo H.2, 1991, No. 10 Actions of the Board, its Staff, and the Federal Reserve Banks; BOARD OF GOVERNORS /Q 3 37 fill 31 Applications and Reports Received OF THE ll[U sDUrdng the Week Ending March 9, 1991 FEDERAL RESERVE SYI^EM OLEVtLAKU ANNOUNCEMENT ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Economic outlook and monetary policy — statement by Chairman Greenspan before the House Committee on Ways and Means, March 6, 1991. Published, March 6, 1991. BANK HOLDING COMPANIES Cherokee Bancorp, Centre, Alabama — Farmers and Merchants Bank. Denied, March 4, 1991. to acquire Moorcroft Corporation, Moorcroft, Wyoming — to merge with The Newcastle Corporation, Newcastle, Wyoming, and acquire National Bank of Newcastle; North Platte Corporation, Lexington, Nebraska, and the Dawson Corporation to retain an equity interest in the merged Moorcroft. Approved, March 4, 1991. Norwest Corporation, Minneapolis, Minnesota — to merge with United Banks of Colorado, Inc., Denver, Colorado. Approved, March 4, 1991. Sumitomo Bank, Limited, Osaka, Japan — to engage in securities-related activities through Sumitomo Bank Securities Inc., New York, New York. Approved, March 6, 1991. BANK MERGERS Moorcroft State Bank, Moorcroft, Wyoming — to merge with the Newcastle Bank, New Castle, Wyoming, and to establish a branch. Approved, March 4, 1991. BANK PREMISES Moorcroft State Bank, Moorcroft, Wyoming — investment in bank premises. Approved, March 4, 1991. H•2 MARCH 4, 1991 PAGE 2 TO MARCH 8, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT BCCI Holdings (Luxembourg) S.A.# Luxembourg# and Bank of Credit and Commerce International S.A, -- joint issuance with the Superintendent of Banks of the State of New York# of an order dated March 4# 1991. Announced# March 4# 1991. United American Bank of Central Florida# Orlando# Florida — written agreement dated February 6# 1991# with Federal Reserve Bank of Atlanta and the State Comptroller and Banking Commissioner of the State of Florida. Announced# March 5# 1991. REGULATIONS AND POLICIES Regulation P — revision to implement the changes made by the Financial Institutions Reform# Recovery and Enforcement Act (Docket R-0688). Approved# March 6# 1991. RESERVE BANK SERVICES Regulation CC — services to be offered by the Federal Reserve Banks in a same - day settlement environment (Docket R-0727). Proposed# March 6# 1991. H.2 MARCH 4, 1991 PAGE 3 TO MARCH 8, 1991 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 New York Chemical Bank* New York* New York — to establish a branch at 191 Mamaroneck Avenue* White Plains* New York. Approved* March 5* 1991. Chicago Midwest Guaranty Bank* Troy* Michigan — to establish a branch at 32800 Southfield Road* Beverly Hills* Michigan. Returned* March 6* 1991. Kansas City Peoples Bank* Pratt* Kansas — to establish a branch incident to merger with Sharon Valley State Bank* Sharon * Kansas. Approved* March 8* 1991. Cleveland Somerset Trust Company* Somerset* Pennsylvania — establish a branch at 420 Main Street* Berlin* Pennsylvania. Approved* March 6* 1991. Atlanta SouthTrust Bank of Atlanta* Roswell* Georgia — to establish a branch at 3020 Buford Highway* N.E.* Atlanta* Georgia. Approved* March 6* 1991. to BANK HOLDING COMPANIES Chicago ABN Amro Holding* N.V.* Amsterdam* The Netherlands; Stichting Prioriteit ABN Amro Holding; Stichting Administratienkantoor ABN Amro Holding; Algemene Bank Nederland N.V.; ABN Amro North America* Inc.* Chicago* Illinois* and La Salle National Corporation — to acquire certain assets and assume certain liabilities of Investment and Capital Management Corp.* Chicago* Illinois* and Chemical Investment Group* Inc. Permitted* March 8* 1991. H.2 MARCH 4, 1991 PAGE 4 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY M N K HOLDING COMPANIES Staff Director BS&R Atlanta Bank of North America Bancorp, Inc., Miami, Florida — proposal that Bank of North America# Miami# Florida# purchase the assets and assume the liabilities of Bank of North America Interim Savings Association# Boca Raton# Florida# which was formed to acquire certain assets and assume deposit liabilities of the Boca Raton# Florida# branch of Commonwealth Federal Savings and Loan Association# Fort Lauderdale# Florida. Approved# March 8# 1991. Bank of North America Bancorp, Inc., Miami, Florida -- to acquire Bank of North America Interim Savings Association Boca Raton, Florida. ’ Approved, March 8, 1991. Kansas City Cattle Crossing# Inc.# Seward# Nebraska — . in community development activities. Approved# March 4# 1991. Chicago Community Bancshares, Inc.# Noblesville, Indiana — to acquire Summitville Bank and Trust C o .# Summitville, Indiana, and the Lapel# Indiana# branch of Colonial Central Savings Bank# F.S.B.# Mt. Clemens# Michigan. Approved# March 7# 1991. Staff Director BS&R Community Bancshares, Inc., Noblesville# Indiana — proposal that Summitville Bank and Trust Co. purchase the assets and assume the liabilities of Community Federal Savings Bank# Lapel# Indiana# which was formed to acquire certain assets and assume deposit liabilities of the Lapel# Indiana# branch of Colonial Central Savings Bank# F.S.B.# Mt. Clemens# Michigan. Approved# March 7# 1991. to engage H.2 MARCH 4, 1991 PAGE 5 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Philadelphia Community Financial Holding Corp., Westmont, New Jersey — to acquire Community National Bank of New Jersey. Approved, March 4, 1991. Staff Director BS&R First Chicago Corporation, Chicago, Illinois — proposal that The First National Bank of Chicago purchase the assets and assume the liabilities of First Chicago Federal Interim Savings Bank II, which was formed to acquire certain assets and assume deposit liabilities of Horizon Savings Bank, F.S.B., Wilmette, Illinois. Approved, March 8, 1991. Chicago First Chicago Corporation, Chicago, Illinois — to acquire First Chicago Federal Interim Savings Bank II, Wilmette, Illinois. Approved, March 8, 1991. Kansas City First Geary Corporation ESOP, Geary, Oklahoma to acquire First National Bank of Geary. Withdrawn, March 8, 1991. Atlanta Flagler Bank Corporation, West Palm Beach, Florida — to acquire certain assets and assume certain liabilities of Central Savings and Loan Association, Stuart, Florida. Approved, March 8, 1991. Staff Director BS&R Flagler Bank Corporation, West Palm Beach, Florida — proposal that Flagler National Bank purchase the assets and assume the liabilities of Interim Flagler Federal Savings Association, which was formed to acquire certain assets and assume deposit liabilities of Central Savings and Loan Association, Stuart, Florida. Approved, March 8, 1991. Atlanta Founders Financial Corporation, Naples, Florida — acquire Colonial National Bank, Fort Myers, Florida. Approved, March 4, 1991. to H.2 MARCH A, 1991 PAGE 6 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Husker Bank Holding Company, Inc., Lincoln, Nebraska — to acquire Republic Bank of Nebraska, Columbus, Nebraska. Approved, March 8, 1991 . Dallas Liberty Delaware, Inc., Wilmington, Delaware — to acquire Liberty National Bank, Austin, Texas. Returned, March 5, 1991. Dallas LNB Financial Corporation, Austin, Texas — to acquire Liberty Delaware, Inc., Wilmington, Delaware, and Liberty National Bank, Austin, Texas. Returned, March 5, 1991. Dallas Lockney Holding Company, Wilmington, Delaware — to acquire First National Bank in Lockney, Lockney, Texas. Approved, March 8, 1991. Atlanta Mountain Holding Corporation, Tucker, Georgia — acquire Mountain National Bank. Approved, March 4, 1991. Atlanta Peoples Holding Company Fort Walton Beach, Florida — to acquire Peoples Federal Savings Bank. Approved, March 8, 1991. Kansas City Routt County National Bank Corporation, Steamboat Springs, Colorado — to acquire First National Bank of Steamboat Springs. Approved, March 8, 1991. Staff Director BS&R SouthTrust Corporation, Birmingham, Alabama — proposal that SouthTrust Bank of Pinellas County, St. Petersburg, Florida, purchase the assets and assume the liabilities of SouthTrust of Florida, Federal Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of the Home Depot Branch, St. Petersburg, Florida, of Commonwealth Federal Savings and Loan Association, Fort Lauderdale, Florida. Approved, March 8, 1991. to H.2 MARCH 4, 1991 PAGE 7 TO MARCH 8, 1991 ACTZONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of Florida, Inc., St. Petersburg, Florida — to acquire SouthTrust of Florida, Federal Savings Bank. Approved, March 8, 1991. Kansas City Texhoma Bancshares, Inc., Texhoma, Oklahoma — acquire First National Bank of Texhoma, Approved, March 8, 1991. Atlanta Tifton Banks, Inc., Tifton, Georgia — Tifton Bank & Trust Company. Approved, March 6, 1991. S t . Louis United Community Bancorp, Inc., Greenfield, Illinois — to acquire Peoples State Bank of Gillespie, Gillespie, Illinois, Approved, March 4, 1991. to to acquire BANK MERGERS Richmond Citizens Bank and Trust Company, Blackstone, Virginia — to acquire the Blackstone branch of First Colonial Savings Bank, Hopewell, Virginia. Approved, March 8, 1991. Atlanta First United Bank, Boca Raton, Florida, proposed merger with First Marine Bank of Florida, Palm City, Florida. Approved, March 8, 1991. Kansas City Peoples Bank, Pratt, Kansas — to merge with Sharon Valley State Bank, Sharon, Kansas. Approved, March 8, 1991. Atlanta SouthTrust Bank of Pinellas County, St. Petersburg, Florida — to merge with SouthTrust of Florida, Federal Savings Bank. Approved, March 8, 1991. H.2 MARCH 4, 1991 PAGE 8 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City Bank of Laramie, Laramie, Wyoming — bank premises. Approved, March 5, 1991. investment in New York Chemical Bank, New York, New York — bank premises. Approved, March 5, 1991. investment in Chicago Pioneer Bank, North Branch, Michigan — bank premises. Approved, March 4, 1991. Richmond St. Michaels Bank, St. Michaels, Maryland — investment in bank premises. Approved, March 6, 1991. j Cleveland Somerset Trust Company, Somerset, Pennsylvania — investment in bank premises. Approved, March 6, 1991. investment in CAPITAL STOCK Kansas City Allen Bancshares, Inc., Allen, Oklahoma — of shares. Approved, March 7, 1991. Kansas City Henderson State Company, Henderson, Nebraska — redemption of shares. Approved, March 8, 1991. redemption CHANGE IN BANK CONTROL Kansas City Charter Bancshares, Inc., Oklahoma City, Oklahoma — change in bank control. Permitted, March 5, 1991. Minneapolis Citizens Bancshares, Inc.> Ontonagon, Michigan — change in bank control. Permitted, March 8, 1991. S t . Louis First Centre Bancshares, Inc., Osage Beach, Missouri — change in bank control. Permitted, March 5, 1991. H.2 MARCH A, 1991 PAGE 9 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City First Sallisaw Bancshares, Inc., Sallisaw, Oklahoma - change in bank control. Permitted, March 4, 1991. Chicago Presidential Holdings, Inc., Bourbonnais, Illinois — change in bank control. Returned, March 4, 1991. Kansas City 304 Corporation, Omaha, Nebraska — control. Permitted, March 4, 1991. change in bank COMPETITIVE FACTORS REPORTS Kansas City Bethany Trust Company, Bethany, Missouri, proposed merger with The Interim Trust Company of Bethany — report on competitive factors. Submitted, March 7, 1991. Atlanta Citizens and Southern Bank of Monroe County, Marathon, Florida, proposed merger with The Citizens and Southern National Bank of Florida, Fort Lauderdale, Florida — report on competitive factors. Submitted, March 4, 1991. Philadelphia Citizens Trust Company, Coudersport, Pennsylvania, proposed merger with CTC Interim Bank — report on competitive factors. Submitted, March 8, 1991. Kansas City Community Savings and Loan Association, Ardmore, Oklahoma, proposed acquisition of assets (excluding loans) and assumption of the liabilities of the Ardmore branch of First Federal Savings and Loan Association of Chickasha, Chickasha, Oklahoma — report on competitive factors. Submitted, March 7, 1991. Chicago First Bank of Channahon, Channahon, Illinois, proposed acquisition of the assets and assumption of the liabilities of Westbank, Westchester, Illinois — report on competitive factors. Submitted, March 8, 1991. H.2 MARCH 4, 1991 PAGE 10 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First Community Bank & Trust Co. of Lone Grove, Lone Grove, Oklahoma, proposed acquisition of the assets (excluding loans) and assumption of the liabilities of Community Savings and Loan Association, Ardmore, Oklahoma — report on competitive factors. Submitted, March 7, 1991. Chicago First National Bank of Berlin, Berlin, Wisconsin, proposed merger with First Berlin National Bank — report on competitive factors. Submitted, March 8, 1991. Chicago First National Bank of Stoughton, Stoughton, Wisconsin, proposed merger with New National Bank of Stoughton — report on competitive factors. Submitted, March 8, 1991. Cleveland First National Bank of Upper Sandusky, Upper Sandusky, Ohio, proposed merger with The Village National Bank, Wharton, Ohio — report on competitive factors. Submitted, March 4, 1991. Cleveland Gallatin National Bank, Uniontown, Pennsylvania, proposed merger with First National Bank & Trust Company, Washington, Pennsylvania — report on competitive factors. Submitted, March 7, 1991. Cleveland Gallatin National Bank, Uniontown, Pennsylvania, proposed purchase of the assets and assumption of the liabilities of seven branches of The Union National Bank of Pittsburgh, Pittsburgh, Pennsylvania — report on competitive factors. Submitted, March 7, 1991. Chicago Lake Shore National Bank, Chicago, Illinois, proposed merger with Center Bank - Glen Ellyn, Glen Ellyn, Illinois — report on competitive factors. Submitted, March 8, 1991. H.2 MARCH 4, 1991 PAGE 11 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Madison National Bank* Washington, D.C., proposed merger with United National Bank of Washington — report on competitive factors. Submitted, March 5, 1991. Atlanta McIntosh State Bank, Jackson, Georgia, proposed merger with McIntosh Interim, Inc. — report on competitive factors. Submitted, March 8, 1991. Chicago St. Paul Federal Bank for Savings, Chicago, Illinois proposed merger with the Howard Savings & Loan Association branch at 1325 Howard Street, Evanston Illinois — report on competitive factors. Submitted, March 8, 1991. Chicago South Holland Trust & Savings Bank, South Holland, Illinois, proposed merger with The First National Bank in Dolton, Dolton, Illinois — report on compet itive factors. Submitted, March 8, 1991. Cleveland Union National Bank of Pittsburgh, Pittsburgh, Pennsylvania, proposed purchase of the assets and assumption of the liabilities of two branches of First National Bank & Trust Company, Washington, Pennsylvania — report on competitive factors. Submitted, March 7, 1991. Kansas City United Missouri Bank, N.A., Kansas City, Missouri, proposed merger with United Missouri Bank of Clay County, N.A., Liberty, Missouri, and United Missouri Bank Northland, Kansas City, Missouri — report on competitive factors. Submitted, March 7, 1991. H.2 MARCH A, PAGE 12 1991 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York Central Trust Company, Rochester, New York — extension to May 15, 1991, to establish a branch at the intersection of Latta and Long Pond Road, Greece, New York. Granted, March 7, 1991. Philadelphia Community Bank of Pennsylvania — become a member Granted, March 8, Chicago First Community Bancshares, Inc., Milton, Wisconsin - extension to May 27, 1991, to acquire Ottawa National Bank, Ottawa, Illinois. Granted, March 8, 1991. Greater Hazleton, Hazleton, extension to October 3, 1991, to of the Federal Reserve System. 1991. San Francisco „ First Interstate Bancorp> Los Angeles, California — extensions to divest certain properties. Granted, March 5, 1991. Chicago Hawkeye Bancorporation, Des Moines, Iowa — extension to May 29, 1991, to achieve change in bank control. Granted, March 4, 1991. Richmond SNB Financial Corporation, Summerville, South Carolina — extension to June 7, 1991, to acquire Summerville National Bank. Granted, March 4, 1991. Dallas Bank of Commerce, Fort Worth, Texas — six months1 notice of withdrawal from membership in the Federal Reserve System. Waived, March 6, 1991. Philadelphia East Penn Bank, Emmaus, Pennsylvania — to become a member of the Federal Reserve System. Approved, March 7, 1991. MEMBERSHIP H.2 MARCH 4, 1991 PAGE 13 TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of New York — exterior of the annex building. Approved, March 6, 1991. repairs to Director, FRBO Federal Reserve Bank of New York — Bank's 59 Maiden Lane facility. Approved, March 6, 1991. renovation in H.2 MARCH 4, 1991 PAGE 14 ADDITIONS AND CORRECTIONS TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Bank of North America Bancorp, Inc.# Miami, Florida • * proposal that Bank of North America / Broward, Fort Lauderdale, Florida, acquire certain assets and assume certain liabilities of the Fort Lauderdale; Margate; West Margate; Tamarac; and Sunrise branches of Commonwealth Federal Savings & Loan Association. Approved, March 1, 1991. Atlanta CNB, Inc., Lake City, Florida — National Bank. Approved, February 20, 1991. Atlanta EuroHoldings, Inc., Coral Gables, Florida — to acquire the Boca Raton branch of TransFlorida Bank of Palm Beach, Boca Raton, Florida. Approved, February 25, 1991. Staff Director BS&R First of America Bank Corporation, Kalamazoo, Michigan — proposal that First of America Bank Holland, National Association, Holland, Michigan, merge with PrimeBank, Federal Savings Bank, Grand Rapids, Michigan. Approved, March 1, 1991. to acquire Oc-*la H.2 MARCH 4, 1991 PAGE 15 ADDITIONS AND CORRECTIONS TO MARCH 8, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Flagler Bank Corporation, West Palm Beach, Florida — proposal that Second Interim Flagler Federal Savings Association acquire certain assets and assume liabilities of the Florida branches of Statesman Federal Savings Bank, Des Moines, Iowa, which was formed to facilitate the merger of the branches into Flagler National Bank, West Palm Beach, Florida. Approved, March 1, 1991. Atlanta Flagler Bank Corporation, West Palm Beach, Florida — proposal that Flagler National Bank purchase the assets and assume the liabilities of Second Interim Flagler Federal Savings Association. Approved, March 1, 1991. Atlanta FNC Bancorp, Inc., Douglas, Georgia — to acquire First National Bank of Coffee County, Douglasville, Georgia. Approved, March 1, 1991. Atlanta PBA Financial Corporation, Mobile, Alabama — to acquire PBA Financial Corporation, Mobile, Alabama, and The Peoples Bank of Alabama, Centreville, Alabama. Approved, February 26, 1991. Atlanta SB Holdings, Inc., Douglasville, Georgia — to acquire Southern National Bank, Douglasville, Georgia. Approved, March 1, 1991. EXTENSIONS OF TIME Atlanta Trust Company Bank, Atlanta, Georgia — extension to June 18, 1991, to merge with Trust Company Bank of Carroll County, Bowdon; Trust Company Bank of Clayton County, Jonesboro; Trust Company Bank of Cobb County, N.A., Atlanta; Trust Company Bank of Gwinnett, Lawrenceville; Trust Company Bank of Henry County, N.A., McDonough; and Trust Company Bank of Rockdale, Conyers, Georgia. Granted, February 25, 1991. F E D E R A L RESERVE BANK OF BOSTON A P P L I C A T I O N S SECTION I - APPLICATIONS SUBJECT NEWSPAPER NOTICE ONLY Application Comment TO Period Ending Date NONE S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment S a n d w i c h B a ncorp, Inc., Sandwich, Massachusetts 3 ( a ) (1) a p p l i c a t i o n to a c quire The S a n d w i c h C o o p e r a t i v e Bank, Sandwich, Massachusetts* Period Ending Newspaper 3-30-91 Federal Register Not Yet Established S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T FEDERAL REGISTER NOTICE ONLY Application Comment TO Period Ending NONE SECT I O N IV ~ APPLICATIONS NO T SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V ~ AVAILABILITY OF NONE *Subject to CRA Date CRA PUBLIC EVALUATIONS Date Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _____________ Notice Only__________ Central Trust Company, Rochester, N e w York to establish a branch at the terminal of Armored Motor Service of America, 1525 Scottsville Road, Chili, New York.l/ 4/1/91 Central Trust Company, Rochester, N e w York to establish a branch at the terminal of Armored Motor Service of America, 6605 Jo y Road, DeWitt, N e w York.l/ 4/1/91 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Monte dei Paschi di Siena, Siena, Italy to engage de novo through its indirect subsidiary, International Banking Information Systems Limited, New York, N e w York, in data processing activities. SECTION IV Applications Not Involving ________ Public Comment________ 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. N/ A - Not Available Date specified in Federal Register notice; a later date m a y b e specified in the newspaper notice. N/A Federal Reserve Bank of New York SECTION V Availability of CRA Public Evaluations March 3, 1991 through March 9. 1991 NAME OF BANK EXAMINATION DATE Endicott Trust Company Endicott, N e w York July 30, 1990 Manufacturers Hanover Trust Company New York, N e w York September 24, 1990 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 Comment Period Ending Date National Penn Bancshares, Inc., Boyertown, PA notice by James K. Overstreet to own 10.1% of the common stock of National Penn Bancshares, Inc., pursuant to the Change in Bank Control Act of 1978. Federal Registers Newspaper: 3/25/91 N/A* SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date CoreStates Financial Corp., Philadelphia, PA requests permission to expand de novo to a nationwide basis the geographical service area of its existing subsidiary, Signal Financial Corporation, Pittsburgh, PA, which engages in activities pursuant to Section 4(c)(8) of the BHC Act, and Sections 225.25(b)(1) and 225.25(b)(8) of Regulation Y. N/A* Dauphin Deposit Corporation, Harrisburg, PA to acquire 100% of Hopper Soliday & Co., Inc., Philadelphia, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act. N/A* 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. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS For week endincr 3/15/91 Institutions Examination Date None Federal Reserve B a n k of C l e v e l a n d Applications Bulletin For w e e k E n d i n g M a r c h 9, 1991 S E C T I O N 1 - A P P L I C A T I O N S S U B J E C T TO N E W S P A P E R NOTI C E O N L Y NONE S E C T I O N 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 NEWSPAPER AND FEDERAL REGISTER NOTICE NONE S E C T I O N III - A P P L I C A T I O N S SU B J E C T TO F E D E R A L R E G I S T E R NOTICE ONLY NONE S E C T I O N IV - A P P L I C A T I O N S N O T SU B J E C T TO F E D E R A L R E G I S T E R NO T I C E O R N E W S P A P E R NO T I C E R e c e i v e d r e quest on M a r c h 7, 1991, from The O h i o Bank, Findlay, Ohio, for p e r m i s s i o n to e x c e e d its limit of investment in b a n k p r e m i s e s p e r m i t t e d u n d e r Se c t i o n 24A of the Federal R e s e r v e Act. * * # N F - Su b j e c t to CR A E x p e c t e d to end a p p r o x i m a t e l y 30 days from the date of rece i p t N e w s p a p e r C o m m e n t Period Federal R e g i s t e r C o mment Period Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending March 8, 1991 Examination Date Bank of White Sulphur Springs, White Sulphur Springs, West Virginia 12-10-90 Pee Dee State Bank, Timmonsville, South Carolina 12-11-90 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending M a r c h 8. 1991 Section 1 - Applications Subject to Newspaper N o t i c e Only Application 03-11-91 Georgia First Bank A t l a n t a , Georgia To establish a branch office at 2895 Browns Bridge Road, Gainesville, Georgia 30504 to be known as the Browns Bridge Road Office. Sovran Bank/Tennessee Nashville, Tennessee To establish a branch office at 345 East Main Street, Hendersonville, Tennessee, to be known as Sovran Bank/Tennessee, Hendersonville East, Hendersonville, Tennessee 03-15-91 Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date McIntosh Bancshares, Inc. Jackson, Georgia 1-BHC formation, M cIntosh State Bank Jackson, Georgia 03-29-91 Newspaper TAG Bancshares, Inc. Trenton, Georgia 1-BHC formation, Citizens Bank and Trust, Inc., Trenton, Georgia 04-05-91 Newspaper Tennessee Bancorp, Inc. Columbia, Tennessee To become a b a n k holding company through charter conversion of its savings and loan subsidiary, First Federal Savings and Loan Association, Columbia, Tennessee, to that of a national bank, to be known as Tennessee National Bank. Section 3 - Applications Subject to Federal R egister Notice O n l y Application Comment Period Ending Date Fayette C o unty Bancshares, Inc. Peach t r e e City, Georgia To a c q u i r e certain assets and assume certain liabilities of the Fayetteville, Georgia b r a n c h office of Anchor Savings Bank, FSB, Hewlett, New York, pursuant to Section 225.25(b) (9) of Regulation Y. Section 4 - Applications Subject Not Subject to Federal R e g i s t e r Notice or Newspaper Notice Appli c a t i o n Citizens National Corporation Naples, Florida Commitm ent waiver request. The Tampa Banking Company Tampa, Florida Commitment w a iver request T o w e r b a n k Corporation Miami, Florida Commitment waiver request Se c t i o n 10 - Availability of CRA Public Evaluations Bank Examination Date None Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Ccmnent Period Ending Plate Application Tffie EFT Bankers Trust Company Des Moines, Icwa Kum-N-Go, 50th and Pleasant West Des Moines, Icwa* Branch Ccmerica Bank - Detroit Detroit, Michigan 35000 23 Mile Road Chesterfield Township, Michigan* N - ** EFT Bankers Trust Canpany Des Moines, Iowa 114th & University Clive, Icwa* N - ** Type N - 3-10-91 Section II - Applications Subject Both to Newspaper and Federal Register Notice Ccmnent Period Ending nate Application Y-l Bancs of Chicago Bancorp, Inc. Winnetka, Illinois, GEMA Financial Corporation Winnetka, Illinois Bank of Chicago-Little Village Chicago, Illinois Tsvaiter Financial Corporation Winnetka, Illinois Bank of Chicago-Garfield Ridge Chicago, Illinois Dritter Financial Corporation Winnetka, Illinois Bank of Chicago-Lakeshone Chicago, Illinois Ershter Financial Corporation Winnetka, Illinois Bank of Chicago-Little Village Chicago, Illinois* FR - 1-14-91 N - 3-11-91 Y-l Ershter Financial Corporation Winnetka, Illinois Bank of Chicago-Little Village Chicago, Illinois* FR - 1-14-91 N - 3-11-91 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Reaistar Notice (continued) Continent Period Type Application Y-2 GEMA Financial Corporation Winnetka, Illinois Tsvaiter Financial Corporation Winnetka, Illinois Ending Date FR - 1-14-91 N - 3-11-91 Bank of Chicago-Garfield Ridge Chicago, Illinois Dritter Financial Corporation Winnetka, Illinois Bank of Chicago-Lakeshore Chicago, Illinois Ershter Financial Corporation Winnetka, Illinois Bank of Chicago-Little Village Chicago, Illinois* CoC-HC Dritter Financial Corporation Winnetka, Illinois Gary R. Edidin Trustee Edidin Stock Trust; Gary R. Edidin & Stanley H. Meadcws Trustee Gary Edidin Family Trust FR - 1-7-91 N - 3-31-91 Y-2 Johnson International, Inc. Racine, Wisconsin Biltmore Investors Bank (was Magna Bank of Mew Holland) New Holland, Illinois* FR - ** N - 3-25-91 Y-l Citizens National Bancorp, Inc. Darlington, Wisconsin The Citizens National Bank of Darlington Darlington, Wisconsin* FR - 3-25-91 NP - ** Y-l First Heartland Bancorp Sioux Center, Icwa First Sioux Bancshares, Ltd. Sioux Center, Icwa The First National Bank of Sioux Center Sioux Center, Iowa Pender State Corporation Pender, Nebraska Pender State Bank Pender, Nebraska* COC-HC Presidential Holdings, Inc. FR - 3-25-91 Bourbonnais, Illinois NP - ** James E. Malechna and Anthony Unruh FR - 3-26-91 NP - 3-11-91 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Beajgt*T- Unfr-ine (continued) Type y-2 Application Ccnment Period Ending nat<* First Michigan Bank Corporation Holland, Michigan Northwestern Bank Corporation East Jordan, Michigan Northwestern State Bank East Jordan, Michigan* FR - ** N - ** Y-2 Valley Bancshares, Inc. Mapleton, Iowa Nisswa State Bank Nisswa, Minnesota* FR - ** N - 1-14-91 CoC-HC Chadwick Bancshares, Inc. Chadwick, Illinois Walter Nehrkom FR - ** N - ** Y-2 Chadwick Bancshares, Inc. Chadwick, Illinois Preston Bancshares, Inc. Preston, Iowa Farmers Savings Bank Preston, Iowa* FR - ** N - ** Tffi§ Y-4 Section III - Applications Subiect to Federal Recristar Notice Onlv Ccnment Period Ending Date Application Caisse Nationale De Credit Agricole S.A. Paris, France Credit Agricole Futures, Inc. Chicago, Illinois FR - ** Federal Reserve Bank of Chicago Section IV - Applications Nob Subject to Federal Register or Newspaper Notice Tvoe Application RGS VCR Bancorporation, L td. (was Schooler Bancshares, In c.) Carlisle, Iowa To redeem 1,300,000 shares no p ar v o tin g cannon stock fran Dwight Vredenburg N * ** - Newspaper Federal Register Subject to Provisions of Connunity Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC DISCLOSURES The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has elapsed. list covers the week ending Friday, March 8, 1991. BANK NAME/mCATICM EXAMINATION DATE -Bartonville Bank Bartonville, Illinois 11/26/90 -Sparta State Bank Sparta, Michigan 12/03/90 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MARCH 8, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(1) application by M&F Bancorp, Inc., Holly Springs, Mississippi to acquire Merchants and Fanners Bank, Holly Springs, Mississippi Not yet available * Section 3(a)(1) application by First Staunton Bancshares, Inc., Staunton, Illinois to acquire The First National Bank in Staunton, Staunton, Illinois Not yet available * Section 3(a)(3) application by Arvest Bank Group, Inc., Bentonville, Arkansas to acquire Village South National Bank, Tulsa, Oklahoma Not yet available * Section 3(a)(1) application by Plato Bancshares, Inc., Plato, Missouri to acquire Bank of Plato, Plato, Missouri Newpaper: 3-22-91 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Buena Vista Bancorp, Inc., Chester, Illinois to engage, de novo, in the sale of credit insurance Not yet available.* * This application is subject to CRA. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None. End of Comment Period Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MARCH 8, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name Bank of Ste. Genevieve City and State Ste. Genevieve, Missouri Examination Date 12-10-90 FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Mary Jane Reardon Living Trust Retroactive notice to acquire control of 34.35% of the voting shares of First Western Corpora tion, Sioux Falls, SD Not yet available Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Commercial Banshares, Inc. Mitchell, SD To acquire Spectrum Life Insurance Company, Mitchell, SD Not yet available First Bancorp, Inc. Huron, SD To engage in general insurance agency activities through the acquisition of the assets of Stapp Insurance Agency, Newell, SD and Brunner Insurance Agency, Nisland, SD Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending March 8, 1991 Bank Name City/State Examination Date First Security Bank Laurel, MT January 14, 1991 Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE L a u r a S c h n e i d e r , O m a h a , N e b r a s k a , for p r i o r a p p r o v a l to i n c r e a s e her p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t by .25 p e r c e n t t o 2 7. 40 p e r c e n t ; R. D a v i d S c h n e i d e r , Jr., B e l l e v u e , N e b r a s k a , t o i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t by .31 p e r c e n t t o 3 3 . 46 p e r c e n t ; a n d G r e g o r y Schneider, Plattsmouth, N e b r a s k a , t o i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t by .31 p e r c e n t to 3 3.02 p e r c e n t in Schneider Bancorporation, Platt s m o u t h , Nebraska, Not Available A p p l e t o n C i t y B a n c s h a r e s , Inc., A p p l e t o n C i t y , M i s s o u r i , for p r i o r a p p r o v a l to a c q u i r e 9 0.4 p e r c e n t of th e v o t i n g s h a r e s of D e e p w a t e r S t a t e Bank, D e e p w a t e r , Missouri.* Not Available L o c u s t G r o v e B a n c s h a r e s , Inc., L o c u s t G r o v e , O k l a h o m a , for p r i o r a p p r o v a l to a c q u i r e 8 0 . 4 9 p e r c e n t of the v o t i n g s h a r e s o f L a k e w i d e B a nk of Salina, Salina, Oklahoma.* Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION B r o o k e H o l d i n g s , Inc., J ew el l , K a n s a s , fo r p r i o r a p p r o v a l to a c q u i r e 7 9 . 5 9 p e r c e n t o f th e v o t i n g s h a r e s of B r o o k e C o r p o r a t i o n , Concordia, K a n s a s , a n d t h e r e b y e n g a g e in insurance activities. COMMENT PERIOD Not ENDING Available DATE Federal Reserve Bank o f Kansas City First Community Bancshares, Inc., Lone Grove, Oklahoma, for prior approval to acquire 100 percent of the voting shares of Community Savings and Loan Association, Ardmore, Oklahoma, an interim savings and loan association. Mar c h 25, 1991 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R E G I S T E R NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION X ~ AVAILABILITY OF CRA PUBLIC EV A L U A T I O N S EXAM I N A T I O N DATE None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 4, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION Change in Control Notice by George D. Francklow, Jr., Houston, TX, to acquire an interest in Guardian Bancshares, Inc., Houston, TX N/A 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. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF MARCH 4, 1991 Name of Bank Sanger Bank Texas State Bank City & State Sanger, Texas McAllen, Texas Date of Examination 11-05-90 09-10-90 * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/08/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date California Center Bank, Los Angeles, California, to establish a branch office at 1126 South Santee Street, Los Angeles, California. * Newspaper: Not available Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Denali Bancorporation, Inc., Fairbanks, Alaska, to become a bank holding company through the acquisition of Denali State Bank Fairbanks, Alaska. * Newspaper: 3/06/91 Fed. Rea.: 3/22/91 Penelope Gehr Hull Trust; H. Lawrence Hull, Jr., Dale M. and Allen H. Hermann, Portland, Oregon, to acquire 7.83 percent of West Coast Bancorp, Portland, Oregon. Newspaper: Not available Fed. Rea.: 3/25/91 John G. Sorenson, Jr. and Don C. Ballard, Salt Lake City, Utah, to increase combined holdings from 27.75 to 80.64 percent of Home Credit Corporation, Salt Lake City, Utah. Newspaper: 4/04/91 Fed. Rea.: 3/27/91 Section III - Applications Sub.iect to Federal Register Notice Only The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan, to engage de novo worldwide in: interest rate and currency swap transactions; "swap derivative products"; acting as broker or agent; and acting as adviser to institutional customers, through DKB Credit Corporation, New York, New York. Fed. Reg.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t'd ) Week ending 3/08/91 Section V - Availability of CRA Public Evaluations * The CRA public evaluations of the institutions below became available during the week ending March 1, 1991. Information about an institution's CRA evaluation may be obtained from the institition. Institution Location First American Bank Rosemead, California * Subject to CRA Examination Date 11/26/90
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