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ANNOUNCEMENT BO A R D OF G O V E R N O R S OF T H E FEDE R A L R E S E R V E S Y STEM H.2, 1991, NO. 19 A ctions 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 Re p o r t s Rec e i v e d D u ring the W e e k En d i n g M a y 11, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Credit availability — statements by Presidents Syron, Keehn, and McTeer of the Federal Reserve Banks of Boston. Chicago, and Dallas before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking. Finance and Urban Affairs, May 8, 1991 Published, May 8, 1991. 5 M K HOLDING COMPAJilES SouthTrust Corporation, Birmingham, Alabama — reconsideration of Board approvals of applications to acquire SouthTrust Bank of Orlando, Winter Park, Florida and Liberty Savings Bank of South Georgia, Valdosta, Georgia and the Atlanta Reserve Bankrs approvals of applications to acquire SouthTrust Bank of North Carolina, N.A., Raleigh, North Carolina and Community National Bank, Cape Coral, Florida. Denied, May 6, 1991. ENFORCEMENT BCCI Holdings (Luxembourg) S.A., Luxembourg, and Bank of Credit and Commerce International S.A. — written agreement dated May 6, 1991, with the Board and the Superintendent of Banks of the State of California. Announced, May 7, 1991. James Madison Limited, Washington, D.C. — written agreement dated May 6, 1991, with the Federal Reserve Bank of Richmond. Announced, May 6, 1991. RESERVE BANK SERVICES Check collection services — modifications to criteria for tiered pricing (Docket R-0712). Approved, May 8, 1991. H.2 MAY 5, 1991 PAGE 2 TO MAY 10, 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; FRBQ - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Bank of Lenawee, Adrian, Michigan — to establish an offsite electronic facility at the corner of U.S. 223 West and South Main Street. Approved, May 8, 1991. Chicago New Asia Bank, Chicago, Illinois — branch at 4926 North Broadway. Approved, May 8, 1991. to establish a BANK HOLDING COMPANIES Richmond CB&T Financial Corp., Fairmont, West Virginia — to acquire Tygarts Valley National Bank, Elkins, West Virginia. Approved, May 8, 1991. Cleveland Central Bancshares, Inc., St. Paris, Ohio — to acquire The First Central National Bank of St. Paris. Approved, May 10, 1991. Chicago CNBC Bancorp, Inc., Chicago, Illinois — to acquire Capitol Federal Bank for Savings, Chicago, Illinois, and CNB Federal Savings Bank. Approved, May 10, 1991. Minneapolis Heron Lake Bancshares, Inc., Heron Lake, Minnesota — to engage in general insurance agency activities through Heron Lake Agency. Approved, May 8, 1991. Minneapolis Heron Lake Bancshares, Inc., Heron Lake, Minnesota — to acquire Heron Lake Bancorporation, Inc., and Heron Lake State Bank. Approved, May 8, 1991. Chicago Johnson International, Inc., Racine, Wisconsin — acquire Biltmore Investors Bank, New Holland, Illinois. Approved, May 8, 1991. to H .2 MAY 5, 1991 PAGE 3 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis Liberty National Kentucky — to Company, Inc., Approved, May 7, Bancorp, Inc., Louisville, acquire Bank of Lexington & Trust Lexington, Kentucky. 1991. Chicago Stichting Prioriteit ABN AMRO Holding, Amsterdam, The Netherlands; Stichting Administratiekantoor ABN AMRO Holding; ABN AMRO Holding N.V., and Amsterdam - Rotterdam Bank N.V. — to acquire DBI Holdings, Inc., New York, New York, and continue to engage in certain investment advisory, securities brokerage, and riskless principal activities through Discount Brokers International, Inc., New York, New York, and Henry Krieger/DBI, L.P. Approved, May 8, 1991. Philadelphia Univest Corporation of Pennsylvania, Souderton, Pennsylvania — to acquire Pennview Savings Bank. Approved, May 6, 1991. BANK PREMISES Chicago First - Citizens Bank and Trust Company, Greencastle, Indiana — investment in bank premises. Approved, May 8, 1991. Atlanta First State Bank of Bibb County, West Blocton, Alabama — investment in bank premises. Approved, May 9, 1991. Kansas City State Bank, Winfield, Kansas — premises. Approved, May 10, 1991. Chicago State Bank of Caledonia, Caledonia, Michigan — investment in bank premises. Approved, May 8, 1991. investment in bank H.2 MAY 5, 1991 PAGE 4 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS Dallas Farmers and Ranchers Production Credit Association, Gonzales, Texas — registration statement. Withdrawn, May 10, 1991. Dallas Kaneb Services, Inc., Dallas, Texas — statement. Withdrawn, May 9, 1991. Dallas MichaelsT Stores, Inc., DFW, Texas — statement. Withdrawn, May 10, 1991. registration registration CAPITAL STOCK Secretary Manufacturers and Traders Trust Company, Buffalo, New York — to include subordinated debentures in capital structure. Approved, May 8, 1991. Kansas City Swanton Agency, Swanton, Nebraska — shares. Approved, May 7, 1991. redemption of CHANGE IN BANK CONTROL Atlanta Community Bancorp, Inc., Thornton, Colorado — in bank control. Permitted, May 10, 1991. Minneapolis First Western Corporation, Sioux Falls, South Dakota — change in bank control. Permitted, May 7, 1991. Dallas Harlingen National Bancshares, Inc., Harlington, Texas — change in bank control. Permitted, May 8, 1991. Dallas North American Bancshares, Sherman, Texas — in bank control. Returned, May 10, 1991. change change H .2 MAY 5, 1991 PAGE 5 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York Albany Savings Bank, FSB, Albany, New York, proposed merger with Champlain Valley Federal Savings and Loan Association, Plattsburgh, New York — report on competitive factors. Submitted, May 8, 1991. Dallas Ameriway Bank, N.A., Houston, Texas, proposed merger with Compass Bank - Houston — report on competitive factors. Submitted, May 8, 1991. Boston Amoskeag Bank, Manchester, New Hampshire, proposed merger with the affiliated Nashua Trust Company, Nashua, New Hampshire — report on competitive factors. Submitted, May 9, 1991. St. Louis Citizens Bank and Trust Company, Burgin, Kentucky, proposed merger with The Farmers National Bank of Danville, Danville, Kentucky — report on competit ive factors. Submitted, May 9, 1991. Chicago City Bank, St. Johns, Michigan, proposed purchase of certain assets and assumption of deposit liabilities of the Lansing branch, Lansing, Michigan, of Comerica Bank, N.A., Detroit, Michigan — report on competitive factors. Submitted, May 9, 1991. Atlanta Colony Bancorp, Inc., Fitzgerald, Georgia, proposed acquisition of Worth Federal Savings and Loan Association, Sylvester, Georgia — report on compet it ive factors. Submitted, May 6, 1991. Atlanta Commercial Bancorporation, Inc., Orlando, Florida, proposed acquisition of Commercial State Bank of Orlando — report on competitive factors. Submitted, May 6, 1991. H.2 MAY 5, 1991 PAGE 6 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston First Federal Savings and Loan Association of East Hartford, East Hartford, Connecticut, proposed acquisition of certain assets and assumption of liabilities of one branch of New Connecticut Bank and Trust, N.A. — report on competitive factors. Submitted, May 6, 1991. Chicago First of America Bank-Golf Mill, Niles, Illinois, proposed merger with First of America BankNortheast Illinois, National Association, Libertyville, Illinois — report on competitive factors. Submitted, May 9, 1991. Chicago Forreston State Bank, Forreston, Illinois, proposed merger with FSB Interim Bank — report on competitive factors. Submitted, May 8, 1991. S t . Louis Magna Bank of Mascoutah, Mascoutah, Illinois, proposed purchase of the assets and assumption of the liabilities of Burlington Bank, Chicago, Illinois — report on competitive factors. Submitted, May 8, 1991. Chicago Magna Millikin Bank of Decatur, National Association, Decatur, Illinois, proposed merger with Magna Bank of McLean County, Bloomington, Illinois, and Magna Bank of Springfield, Springfield, Illinois — report on competitive factors. Submitted, May 8, 1991. S t . Louis Merchants & Farmers Bank, Holly Springs, Mississippi, proposed merger with Merchants & Farmers Interim Bank — report on competitive factors. Submitted, May 8, 1991. San Francisco Pajaro Valley Bank, Watsonville, California, proposed merger with First National Bank of Monterey County, Monterey, California — report on competitive factors. Submitted, May 8, 1991. H.2 MAY 5, 1991 PAGE 7 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Promenade National Bank, Richardson, Texas, proposed merger with Compass Bank, Plano, Texas — report on competitive factors. Submitted, May 8, 1991. Atlanta Synovus Financial Corporation, Columbus, Georgia, proposed acquisition of CB Bancshares, Inc., Fort Valley, Georgia — report on competitive factors. Submitted, May 6, 1991. EXTENSIONS OF TIME Richmond Central Fidelity Bank, Richmond, Virginia — extension to December 4, 1991, to establish a branch at the intersection of Centreville Road and Fox Mill Road, Herndon, Virginia. Granted, May 7, 1991. Atlanta Citizens National Corporation, Naples, Florida -extension to July 28, 1991, to acquire Citizens National Bank of Naples. Granted, May 8, 1991. Chicago Dana Bancorp, Inc., Dana, Illinois — extension to July 15, 1991, to acquire The First National Bank of Dana. Granted, May 6, 1991 . Cleveland First Bancorporation of Ohio, Akron, Ohio — extension to August 11, 1991, to engage de novo in operating a disaster recovery computer site through First Bancorporation Services Division, Brecksville, Ohio. Granted, May 9, 1991. Chicago First Marengo Financial Corporation, Marengo, Illinois — extension to August 13, 1991, to acquire First National Bank of Marengo. Granted, May 6, 1991. Atlanta First National Financial Corporation, Albany, Georgia extension to August 19, 1991 — to acquire First National Bank of South Georgia. Granted, May 8, 1991. H.2 MAY 5, 1991 PAGE 8 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco First Security Corporation, Salt Lake City, Utah — extensions to divest certain properties. Granted, May 8, 1991. Richmond First Virginia Bank, Falls Church, Virginia — extension to November 10, 1991, to establish a branch at the southeast corner of U.S. Route 17 and State Route 28, Bealeton, Virginia. Granted, May 7, 1991. Atlanta FNC Bancorp, Inc., Douglas, Georgia — extension to September 1, 1991, to acquire First National Bank of Coffee County, Douglas, Georgia. Granted, May 9, 1991. Dallas Ford Bank Group, Inc./ Lubbock, Texas, and Ford Bank Group Holdings, Inc., Wilmington, Delaware extension to July 10, 1991, to acquire MBank Waco, N.A., Waco, Texas. Granted, May 9, 1991. San Francisco GNW Financial Corporation, Bremerton, Washington — extension to August 15, 1991, to acquire Great Northwest Bank. Granted, May 9, 1991. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to September 7, 1991, to acquire additional shares of Peoples Bank of Lakeland, Lakeland, Florida. Granted, May 8, 1991. New York United Jersey Bank, Hackensack, New Jersey — extension to July 15, 1991, to merge with United Jersey Bank / Northwest, Randolph, New Jersey. Granted, May 8, 1991. H.2 MAY 5, 1991 PAGE 9 TO MAY 10, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS New York Bankers International Corporation* New York* New York — to continue to hold the shares of BT Asia Securities Limited* Hong Kong* Hong Kong* after BT Asia Securities Limited engages in futures commission merchant activities involving the Nikkei 225 Futures contract on the Osaka Stock Exchange. Granted* May 10* 1991. Cleveland Mellon Overseas Investment Corporation* Wilmington* Delaware — to engage in investment advisory activities through an investment in Palomar Limited* London* England. Granted* May 9* 1991. Chicago Fayette Bank and Trust Company* Connersville* Indiana — membership in the Federal Reserve System. Withdrawn* May 9, 1991. MEMBERSHIP H.2 MAY 5, 1991 PAGE 10 ADDITIONS AND CORRECTIONS TO MAY 10, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas National Penn Bancshares, Inc., Boyertown, Pennsylvania — change in bank control. Permitted, April 5, 1991. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS S E C T I O N I - 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 N O T I C E O NLY Co m m e n t P e riod E n d i n g Date Application N ONE 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 BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Co m m e n t P e r i o d E n d i n g Date Application NONE SE 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 N O T I C E ONLY Application C o m m e n t P e r i o d Ending Date NONE S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE S E C T I O N V - A V A I L A B I L I T Y OF CRA P U BLIC E V A L U A T I O N S NON E ♦Subject to C R A Federal Reserve Bank of 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 RNYC Holdings Limited, The Cayman Islands, British West Indies to become a bank holding company with respect to Republic New York Corporation and its subsidiaries, Republic National Bank of New York and The Manhattan Savings Bank, all of New York, New York; Saban S.A., Panama City, the Republic of Panama to acquire RNYC Holdings Limited and its subsidiaries; RNYC Holdings Limited to acquire indirectly certain direct and indirect non-bank subsidiaries of Republic New York Corporation.!/ 5/28/91 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Skandinaviska Enskilda Banken, Stockholm, Sweden to expand the authority of its indirect wholly-owned subsidiary, Enskilda Securities Inc., New York, New York to include the provision of investment advisory services to institutional customers and to exercise limited investment discretion on behalf of such customers. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. Federal Reserve Bank of New York Comment Period Ending Date Availability of ORA Public Evaluations Week Ending Mav 11 1991 NAME OF BANK EXAMINATION CATE 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 may be specified in the newspaper notice. FEDERAL RESE R V E BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date United Valiev Bank, Wayne, PA requests permission to consolidate and relocate its two banking facilities from locations at 212 E. Lancaster Avenue, Wayne, PA and 1900 John F. Kennedy Blvd., Philadelphia, PA to 1601 Market Street, Philadelphia, PA, 6/10/91 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. 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 endina 5/10/91 Institutions Examination Date None. Applications Bulletin For Week Ending May 11, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d S e c t i o n 3(a)(3) a p p l i c a t i o n on May 9, 1991 from Banc One Corporation, Columbus, Ohio, to a cquire The Central Tru s t Company, Newark, Ohio; The Central Tru s t C o m p a n y of N o r t h e a s t e r n Ohio, N.A., Canton, Ohio; T h e Central Trust Co m p a n y of N o r t h e r n Ohio, Lorain, Ohio; and The Central Trust C o m p a n y of S o u t h e a s t e r n Ohio, N . A . , Marietta, Ohio. SECTION I I I * N - J u n e 5, ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d S e c t i o n 4(c)(8) Notice on M a y 3, 1991 from S o c i e t y Corporation, Cleveland, Ohio, for p e r m i s s i o n to a u t h o r i z e its w h o l l y - o w n e d subsidiary, Gre e n M a c h i n e N e t w o r k Corporation, N o r t h Olmsted, Ohio, to p rovide data p r o c e s s i n g ser v i c e s na t i o n w i d e p u r s u a n t to S e c t i o n 2 2 5 . 2 5 ( b ) (7) of R e g u l a t i o n Y. * # N F - M a y 31, 1991 Subject to CR A E xpected 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 Co m m e n t Pe r i o d Federal R e g i s t e r C o m m e n t Period 1991 Applications Bulletin For Week Ending May 11, 1991 SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY ( C o n t . ) R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on M a y 6, 1991 from P r o v i d e n t Bancorp, Inc., Cincinnati, Ohio, to a c q u i r e First Federal S a v i n g s and Loan Association, Lexington, Kentucky N o t Yet K n o w n # R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on M a y 6, 1991 from P r o v i d e n t Bancorp, Inc., Cincinnati, Ohio, to a c q u i r e Peoples Federal S a v i n g s and Loan A s s o c i a t i o n of Bellevue, Bellevue, Kentucky. Not Yet Kno w n # R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on M a y 6, 1991 from P r o v i d e n t Bancorp, Inc., Cincinnati, Ohio, to ac q u i r e M e r i t Savings Association, Cincinnati, Ohio. Not Yet K n o w n # R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on M a y 6, 1991 from P r o v i d e n t Bancorp, Inc., Cincinnati, Ohio, to ac q u i r e T h rift Savings Association, Cincinnati, Ohio. N o t Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d re q u e s t on M a y 10, 1991 from S e c u r i t y D o l l a r Bank, Niles, Ohio, for p e r m i s s i o n to e x c e e d its limit of i nvestment 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 S e c t i o n 24A of the Federal R e s e r v e Act. * # N F - S ubject to CRA 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 d a t e of rece i p t N e w s p a p e r Co m m e n t Period Federal R e g i s t e r C omment Period AVAILABILITY OP CRA PUBLIC EVALUATIONS (May 10, 1991) The f o l l o w i n g sta t e m e m b e r ba n k s h a v e b e e n e x a m i n e d b y the Federal Re s e r v e B a n k of C l e v e l a n d for c o m p l i a n c e w i t h T h e C o m m u n i t y R e i n v e s t m e n t Act. A p u b l i c e v a l u a t i o n d o c u m e n t is a v a i l a b l e from the bank(s) listed below. If y o u are 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 of an e v a l u a t i o n document, please co n t a c t the bank(s) directly. The Ottoville Bank Company 161 W e s t T h i r d S t r e e t Ottoville, O h i o 45876 (419) 453-3313 Examined: F e b r u a r y 11, 1991 The Orr v i l l e S a v i n g s B a n k 101 West M a r k e t S t r e e t Orrville, O h i o 44667 (216) 683-3055 Examined: F e b r u a r y 11, 1991 F e d e r a l Reserve Bank o f Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Eugene J. Metzger - Notice of Change in Control with respect to Ballston Bancorp, Inc., Arlington, Virginia. 6-6-91 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date First Virginia Banks, Inc., Falls Church, Virginia, to acquire HarwoodAndrews, Inc., Farmville, Virginia.* 5-21-91 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Expiration of comment period specified in the Federal Register. F e d e ra l Reserve Bank o f Richmond Availability of CRA Public Evaluations Week ending May 10, 1991 Examination Date____ Barclays Bank of North Carolina 201 S. Tryon Street Charlotte, North Carolina 1-28-91 F e d e r a l R e s e r v e 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 v 10. 1991 Section 1 - Applications Subject to N e w s p a p e r N o t i c e Only Application Comment P e riod Ending Date Sun Bank of Tampa Bay Tampa, Florida To establish a branch office to be know as Mease Manor Branch located at 700 Mease Plaza, Dunedin, Florida. 04-15-91 Section 2 - Applications Subject To Both Newspaper and Federal Register No t i c e Application Comment P e riod Ending Date Gulf West Bancorp St. Petersburg, Florida 1-BHC formation, Mercantile Bank, St. Petersburg, Florida. Colony B a n k c o r p , I n c . Fitzgerald, Georgia To acquire Worth Federal Savings and Loan Association, Sylvester, Georgia, and convert its charter to that of a state-chartered nonmember bank to be known as Bank of Worth, Sylvester, Georgia. Synovus Financial Corporation C o l u m b u s , Georgia Along with its parent, TB&C Bancshares, Inc., a shell corporation, which owns 8.5 percent of Synovus, both of Columbus, Georgia, to acquire Athens Federal Savings Bank, Athens, Georgia, and convert it to a state-chartered commercial bank and trust company to be known as Athens First Bank & Trust Company, Athens, Georgia. Not yet available 05-24-91 Newspaper 05-31-91 Federal Register Synovus Financial Corporation Columbus, Georgia Along w i t h its parent, TB&C Bancshares, Inc., a shell corporation, which owns 8.5 percent of Synovus, both of Columbus, Georgia, to m e r g e with CB Bancshares, Inc., Fort Valley, Georgia, and thereby directly acquire its subsidiary banks, The Citizens Bank, Fort Valley, Georgia, and The Citizens Bank of Cochran, Cochran, Georgia. 05-21-91 Federal Register IBT Bancshares, Inc. Gretna, Louisiana Change in control by Claude J. Autin; Leslie J. Boudreaux; and Ben A. Seale to a c quire an additional 22.6 percent of the o u t s t a n d i n g shares of common stock. The a c q u i s i t i o n will increase their total ownership to 41.4 percent. Not yet available Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Middle G e orgia Bankshares, Inc. Unadilla, Georgia To e n gage de novo in operating a collection agency t hrough M G B Collections, Vienna, Georgia, p u r s u a n t to Section 2 2 5 . 2 5 ( b ) (23) of R e g u l a t i o n Y. 06-03-91 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Applic a t i o n Central Bancshares of the South, Inc. Birmingham, Alabama 3(a)(5) w a i v e r request by Central Bancshares and its w h o l l y - o w n e d bank holding company subsidiary, Compass Bancshares, Inc., Houston, Texas. Bradley Coun t y Financial Corporation Cleveland, Tennessee To r e deem 15,000 shares of its outstanding common stock. S e c t i o n 10 - A v a i l a b i l i t y of C RA P u b l i c E v a l u a t i o n s * *The CRA public evaluations of the institutions listed b e l o w became available during the week ending May 10, 1991. I n f o rmation about an institution's CRA evaluation may be obtained d i r e c t l y from the institution. Bank U n ited Citizens Bank Alachua, Florida E x a m i n a t i o n Date 02-11-91 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Application Comment Period Rndinn Hate EFT The Commercial Trust & Savings Bank Storm Lake, Iowa 1237 North Lake Avenue Storm Lake, Iowa* N - ** EFT Chemical Bank and Trust Company Midland, Michigan Food Court Area of the Eastman Road Mall Midland, Michigan* N - ** Membership Parkway Bank of Illinois (in organization) N - 5-6-91 Carpentersville, Illinois To become a marker of the Federal Reserve System* Section II - Applications Subject to Both Newspaper and Federal Feaistar Notice Comment Period Type Application First Merchants Corporation Muncie, Indiana First United Bancorp, Inc. Middletown, Indiana First United Bank Middletown, Indiana* Ending n a te FR - 5-20-91 N - 5-20-91 Parkway Bancorp, Inc. FR - ** Harwood Heights, Illinois N - 5-6-91 Parkway Bank of Illinois (in organization) Carpentersville, Illinois* Cedar Valley Bankshares, Ltd. Charles City, Iowa Riceville Investment Company Charles City, Iowa First State Bank Riceville, Iowa* FR - ** N - 5-15-91 Federal Reserve Bank of Chicago Type Section III - Applications Subject to Federal Registar Notice Only Ccmnent Period Ending n a te Application Y-4 Central Illinois Financial Corporation FR - ** Champaign, Illinois Heartland Federal Savings and Loan Association Mattoon, Illinois Y-4 Indi ana United Bancorp Greensburg, Indiana Regional Federal Bancorp, Inc. New Albany, Indiana Regional Federal Savings Bank New Albany, Indiana FR - ** Y-4 CNBC Bancorp, Inc. Chicago, Illinois Capitol Federal Bank for Savings Chicago, Illinois CNB Federal Savings Bank Chicago, Illinois FR - ** Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Caimunity Reinvestment Act Not available at this time 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 May 10, 1991. BANK NAME/IOCATION EXAMINATION DATE -Farmers State Bank Breckenridge, Michigan 2/04/91 -Villa Park Trust & Savings Bank Villa Park, Illinois 1/28/91 -DeMotte State Bank DeMotte, Indiana 2/11/91 -First State Bank of Porter Porter, Indiana 2/11/91 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MAY 10, 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 Change in control notification involving Benton Bancorp, Inc., Benton, Kentucky by Bancorp ESOP, Benton, Kentucky Not yet available Section 3(a)(3) application by Central Arkansas Bancshares, Inc., Malvern, Arkansas to acquire One National Bank of Hot Springs, Hot Springs, Arkansas Not yet available Section 3(a)(1) application by First Bentonville Bancshares, Inc., Bentonville, Arkansas to acquire First National Bank, Bentonville, Arkansas Newspaper: 6-7-91 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None. This application is subject to CRA. Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MAY 10, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name The Citizens Bank Bank Address P. 0. Box 2156 Batesville, Arkansas 72503-2156 Examination Date 2-11-91 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 Norwest Corporation, Mpls, MN; Norwest Financial Services, Inc., and Norwest Financial, Inc., Des Moines, IA To acquire 100% of Dial National Bank of South Dakota, Sioux Falls, SD* Not yet available Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Norwest Corporation Minneapolis, Minnesota To engage in general insurance agency activities through acquisition of the book of business of National Security Insurance Underwriters of Litchfield, Litchfield, Minnesota. Not yet available Norwest Corporation Minneapolis, Minnesota To engage in leasing and data processing activities through the acquisition of Prime Rate Premium Finance Corporation, Inc.; IFCO, Inc., and Agency Technologies, Inc., Fayetteville, North Carolina. Not yet available ^Subject to CRA 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 May 10, 1991 Bank Name None. City/State Examination Date Federal Reserve Bank of Kansas City S E C TION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE O NLY APPLICATION Vectra Bank of Boulder, Boulder, Colorado, for prior approval to establish a branch at the corner of Alpine and Broadway, Boulder, Colorado. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Fremont Bank Corporation, Canon City, Colorado, for prior approval to become a bank holding company through the a c q u i s i t i o n of 80 percent of the voting shares of The First National Bank of Arvada, Arvada, Colorado.* Not First Nebraska Bancs, Inc., Sidney, Nebraska, for prior approval to control up to 5.75 percent of the voting shares of First National Financial Corporation, parent of First N ational Bank, both of Estes Park, Colorado.* Not Available Lisco State Company, Lisco, Nebraska, for prior approval to control up to 16.57 percent of the voting shares of First National Financial Corporation, parent of First National Bank, both of Estes Park, Colorado.* Not Available Rawlins National Bancorporation, Denver, Colorado, for prior approval to become a bank holding company through the acquisition of 90 percent of the voting shares of The Rawlins National Bank, Rawlins, Wyoming.* Not Available Available S ECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE O N L Y APPLICATION None. COMMENT PERIOD ENDING DATE Federal Reserve Bank of Kansas City SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R E G I S T E R N O T T TE OR NEWSPAPER NOTICE APPLICATION First National Financial Corp., Estes Park, Colorado, for prior approval to redeem up to 4,016 shares of its own voting common stock. SECTION X - AVAILABILITY OF CRA PUBLIC E V A L U A T I O N S BANK/LOCATION None. *Application is subject to CRA. EXAM I N A T I O N DATE FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 6, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE" APPLICATION ** NOTICE EXP Change in Control Notice by Central Bank Employee Stock Ownership Plan, Monroe, LA, to acquire an interest in Central Corporation, Monroe, LA N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NOTICE EXP APPLICATION Section 4(c)(8) de novo notification by The First National Bankshares, Inc., Tucumcari, NM, to acquire First Security Trust Company, Tucumcari, NM (to engage in trust activities) N/A 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 MAY 6, 1991 Name of Bank City & State Date of Examination None. * 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 5/17/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Interstate Bank of California, Los Angeles, California, to establish an ATM facility within the Woolen Mill Building at Ghiradelli Square, San Francisco, CA. * Newspaper: 5/20/91 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch office at Cashel1 and South McCarran, Reno, Nevada. * Newspaper: 5/17/91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Berkshire Hathaway, Inc., Omaha, Nebraska, and subsidiaries to increase proportionate interest in voting shares of Wells Fargo & Company, San Francisco, California, from 9.7 to as much as 22 percent. Newspaper: 6/14/91 Fed. Reg.: 6/11/91 Section III - Applications Subject to Federal Register Notice Only C.N. Bancorp, Ltd., Taipei, Taiwan, and CNB Bancorp, San Francisco, California, to engage directly in making and servicing loans. Fed. Reg.: 6/05/91 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations * Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution None * Subject to CRA Location Examination Date