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ANNOUNCEMENT
B O A R D OF GOVERNORS

OF THE
FEDERAL RESERVE SYSTEM

H.2, 1994, No. 20
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending May 14, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES

Banque Nationale de Paris, Paris, France -- to enter
into a joint venture with, and make a passive
investment in, Neuberger & Berman, L.P., New York,
New York, a registered broker / dealer that
underwrites and deals in securities.
Approved, May 11, 1994.
First Michigan Bank Corporation, Holland, Michigan -to acquire Old State Bank Corporation, Fremont,
Michigan, and Old State Bank of Fremont.
Approved, May 9, 1994.
United Bankers1 Bancorporation, Inc., Bloomington,
Minnesota -- to acquire United Bankers1 Bank.
Approved, May 11, 1994.
United Community Banks, Inc., Blairsville, Georgia -to acquire White County Bank, Cleveland, Georgia.
Approved, May 9, 1994.
ENFORCEMENT




Citizens Savings Bank Company, Pemberville, Ohio -order to cease and desist and order of prohibition
against Robert F. Bruning, former president, and an
order of prohibition against Robert C. Richmond, a
former officer.
Announced, May 12, 1994.
Garfield Bank, Montebello, California -- written
agreement dated April 26, 1994, with the Federal
Reserve Bank of San Francisco.
Announced, May 12, 1994.
Pacific Inland Bancorp, Anaheim, California, Pacific
Inland Bank, and Pacific Inland Mortgage Company,
San Jose, California -- cease and desist order.
Announced, May 12, 1994.

H.2
MAY A , 1994
PAGE 2

TO

MAY 13, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

INTERNATIONAL OPERATIONS

NBD Bank, N.A., Detroit, Michigan -- to invest in
Michell NBD Limited, Adelaide, Australia, and to
establish three branches in Australia.
Permitted, May 13, 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 at Broadmoor, Colorado Springs, Colorado -- to
establish a branch at 501 South Tejon.
Approved, May 9, 1994.

Richmond

First Virginia Bank of Tidewater, Norfolk, Virginia - to establish a branch at the Village Square
Shopping Center (also known as the Kiln Creek
Shopping Center), Victory Boulevard, Tabb,
Virginia.
Approved, May 12, 1994.

New York

Fleet Bank of New York, Albany, New York -- to
establish a branch at VETS International Armored
Car, Inc., (Brooklyn Terminal), 100 Dobbins Street,
Brooklyn, New York.
Withdrawn, May 12, 1994.

Chicago

Northern Trust Company, Chicago, Illinois -- to
establish a branch at West Pullman School, 11941
South Parnell.
Approved, May 12, 1994.

Atlanta

Smyrna Bank & Trust Company, Smyrna, Georgia -- to
establish a branch at 1755 Powder Springs Road,
Marietta, Georgia.
Approved, May 11, 1994.

Minneapolis

Valley Bank of Ronan, Ronan, Montana -- to establish
a branch in Arlee, Montana.
Approved, May 13, 1994.

H.2
MAY 8, 1994
PAGE 3

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MAY 13, 1994

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

BANK BRANCHES, DOMESTIC

Secretary

West One Bank, Idaho, Boise, Idaho --to establish an
automatic teller machine facility in the Silverwood
Theme Park, North 26225 Highway 95, Athol, Idaho.
Approved, May 13, 1994.

BANK HOLDING COMPANIES




Cleveland

Banc One Corporation, Columbus, Ohio -- proposal to
acquire the Arizona banking offices of Great
American Federal Savings Association, San Diego,
California.
Approved, May 13, 1994.

Minneapolis

Citizens Development Company, Billings, Montana -- to
acquire Western Bank of Chinook, N.A., Chinook,
Montana.
Approved, May 12, 1994.

Minneapolis

Citizens Development Company, Billings, Montana -- to
acquire Citizens State Bank, Hamilton, Montana.
Approved, May 12, 1994.

Minneapolis

Citizens Development Company, Billings, Montana -- to
acquire First National Bank of Lewiston, Lewiston,
Montana.
Approved, May 12, 1994.

Richmond

CNB Holdings, Inc., Pulaski, Virginia -- to acquire
Community National Bank.
Approved, May 13, 1994.

Richmond

Crestar Financial Corporation, Richmond, Virginia -proposal that Crestar Bank purchase certain assets
and assume certain liabilities of Piedmont Federal
Savings Association, Manassas, Virginia.
Approved, May 13, 1994.

Kansas City

Farmers State Bank of Hardtner Employee Stock
Ownership Plan, Hardtner, Kansas -- to acquire B-K
Agency, Inc. and The Farmers State Bank.
Approved, May 12, 1994.

H.2
MAY 8 , 1994
PAGE 4

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MAY 13, 1994

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

BANK HOLDING COMPANIES




Secretary

First Interstate Bancorp, Los Angeles, California -proposal that First Interstate Bank of Washington,
N.A., Seattle, Washington, acquire certain assets
and assume certain liabilities of Great American
Federal Savings Association, San Diego, California.
Approved, May 13, 1994.

Chicago

First Midwest Corporation of Delaware, Elmwood Park,
Illinois --to engage in the business of
originating, processing, brokering, and servicing
1-4 family residential mortgages through Midwest
One Mortgage Services, Inc., Melrose Park,
Illinois.
Returned, May 12, 1994.

Boston

Fleet Financial Group, Inc., Providence, Rhode Island
-- to engage in asset management servicing and
collection activities and real estate advisory
services in Canada.
Approved, May 8, 1994.

Philadelphia

Fulton Financial Corporation, Lancaster, Pennsylvania
-- to acquire Mid-Atlantic Bancorporation,
Hagerstown, Maryland.
Approved, May 12, 1994.

Cleveland

Futura Banc Corp., Urbana, Ohio -- to acquire
Champaign National Bank.
Approved, May 10, 1994.

Chicago

Garrett Banshares Ltd., Bloomfield, Iowa -- to engage
de novo in the making of a loan to a principal of
North Side of the Square, a nonbank subsidiary of
Davis County Savings Bank.
Returned, May 10, 1994.

Minneapolis

HSB Financial Corporation, Harwood, North Dakota -to acquire Harwood State Bank.
Approved, May 10, 1994.

H .2

MAY 8, 1994
PAGE 5

TO

MAY 13, 1994

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

BANK HOLDING COMPANIES




Cleveland

KeyCorp, Cleveland, Ohio -- proposal to acquire the
Richland, Washington, banking office of Great
American Federal Savings Association, San Diego,
California.
Approved, May 13, 1994.

Dallas

La Grange Bancshares, Inc., La Grange, Texas -- to
acquire La Grange National Bank.
Approved, May 9, 1994.

Dallas

Limestone Bancshares, Inc., Mexia, Texas -- to
acquire First National Bank of Mexia.
Approved, May 12, 1994.

Minneapolis

Pipestone Bancshares, Inc., Pipestone, Minnesota -to acquire Upper Midwest Financial Corporation,
Garretson, South Dakota.
Approved, May 10, 1994.

Boston

Shawmut National Corporation, Hartford, Connecticut - to acquire certain branches of Northeast Savings,
F. A.
Approved, May 9, 1994.

Secretary

Signet Banking Corporation, Richmond, Virginia -- to
engage in the operation of a savings and loan
association through Pioneer Financial Corporation,
Chester, Virginia, and to engage in general
insurance activities through Pioneer Mortgage
Corporation.
Approved, May 12, 1994.

Kansas City

State Financial Investments, Inc., Winfield, Kansas - to acquire the Holyrod Insurance Agency, and
engage in the sale of property and casualty
insurance products.
Approved, May 12, 1994.

San Francisco

Sumitomo Bank, Limited, Osaka, Japan
to engage de
novo in leasing tangible personal property or
acting as agent, broker, or adviser in leasing such
property.
Permitted, May 12, 1994.

H.2
MAY 8, 1994
PAGE 6

TO

MAY 13, 1994

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

BANK HOLDING COMPANIES
New York

Sumitomo Trust & Banking Co., Ltd., Osaka, Japan
to acquire Boullioun Aviation Services, Inc.,
Bellevue, Washington, and engage in aircraft
leasing and related management activities.
Approved, May 12, 1994.

Dallas

Summit Bancshares, Inc., Fort Worth, Texas -- to
engage de novo in community development activities
through Fort Worth Community Development Corp.
Permitted, May 9, 1994.

New York

UJB Financial Corp., Princeton, New Jersey -- to
acquire, and to merge with VSB Bancorp, Inc.,
Closter, New Jersey, and to acquire Valley Savings
Bank.
Approved, May 11, 1994.

Secretary

USBANCORP, Inc., Johnstown, Pennsylvania -- to
acquire Johnstown Savings Bank.
Approved, May 9, 1994.

New York

Valley National Bancorp, Wayne, New Jersey -- to
acquire Urban National Bank, Franklin Lakes, New
Jersey.
Withdrawn, May 10, 1994.

BANK MERGERS
Richmond

Crestar Bank, Richmond, Virginia -- to purchase
certain assets and assume certain liabilities of
Piedmont Federal Savings Association, Manassas,
Virginia, and to establish one branch.
Approved, May 13, 1994.

BANK PREMISES




Atlanta

Smyrna Bank & Trust Company, Smyrna, Georgia -investment in bank premises.
Approved, May 11, 1994.

Dallas

United Bank & Trust, Abilene, Texas -- investment in
bank premises.
Approved, May 11, 1994.

H.2
MAY 8, 1994
PAGE 7

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MAY 13, 1994

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

BANKS. NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
GC

Citizens Bank of Massachusetts, Fairhaven,
Massachusetts, an indirect subsidiary of The Royal
Bank of Scotland Group pic, Edinburgh, Scotland -determination that sale of certain property by
Citizens constitutes effective divestiture by
Royal.
Granted, May 11, 1994.

CAPITAL STOCK
Kansas City

Consolidated Insurance, Inc., Hill City, Kansas -redemption of shares.
Approved, May 9, 1994.

New York

VSB Bancorp, Inc., Closter, New Jersey -- redemption
of shares.
Approved, May 11, 1994.

CHANGE IN BANK CONTROL
Kansas City

Consolidated Insurance, Inc., Hill City, Kansas -change in bank control.
Permitted, May 9, 1994.

Chicago

Mid America Banks, Inc., Collins, Iowa -- change in
bank control.
Permitted, May 13, 1994.

COMPETITIVE FACTORS REPORTS




Atlanta

BankFirst, Decatur, Alabama, proposed acquisition of
the assets and assumption of the liabilities of the
Decatur branch of BankAlabama, Huntsville,
Alabama -- report on competitive factors.
Submitted, May 9, 1994.

Dallas

Citizens National Bank of Henderson, Henderson,
Texas, proposed acquisition of assets and
assumption of liabilities of the Jefferson branch
at 302 E. Broadway, Jefferson, Texas, of Pacific
Southwest Bank, F.S.B., Corpus Christi, Texas —
report on competitive factors.
Submitted, May 12, 1994.

H.2
MAY 8, 1994
PAGE 8

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MAY 13, 1994

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

COMPETITIVE FACTORS REPORTS




Secretary

First Interstate Bank of Arizona, N.A., Phoenix,
Arizona, proposed merger with Chase Bank of
Arizona, Scottsdale, Arizona -- report on
competitive factors.
Submitted, May 12, 1994.

Philadelphia

First National Bank of Danville, Danville,
Pennsylvania, proposed acquisition of certain
assets and assumption of certain liabilities of
four branches of Great Valley Savings Bank,
Reading, Pennsylvania -- report on competitive
factors.
Submitted, May 10, 1994.

San Francisco

First Public Savings Bank, F.S.B., Los Angeles,
California, proposed merger with Interim First
Public, F.S.B. -- report on competitive factors.
Submitted, May 12, 1994.

Chicago

First Security Savings Bank, FSB, Bloomfield Hills,
Michigan, proposed acquisition of Security Savings
Bank, FSB, Jackson, Michigan -- report on
competitive factors.
Submitted, May 12, 1994.

Philadelphia

New Clayton Bank, Wilmington, Delaware, proposed
merger with Interim Clayton Bank -- report on
competitive factors.
Submitted, May 10, 1994.

Dallas

Pacific Southwest Bank, F.S.B., Corpus Christi, Texas
-- application to sell its Jefferson, Texas, branch
to Citizens National Bank, Henderson, Texas -report on competitive factors.
Submitted, May 10, 1994.

Philadelphia

Swineford National Bank, Middleburg, Pennsylvania,
proposed acquisition of certain assets and
assumption of certain liabilities of four branches
of Great Valley Savings Bank, Reading, Pennsylvania
-- report on competitive factors.
Submitted, May 10, 1994.

:
?,2
MAY 8, 1994
PAGE 9

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MAY 13, 1994

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

COMPETITIVE FACTORS REPORTS

Chicago

Valley Bank Northeast, Green Bay, Wisconsin -proposed merger with M&I Fox Heights Bank -- report
on competitive factors.
Submitted, May 10, 1994.

Philadelphia

Woodstown National Bank & Trust Company, Woodstown,
New Jersey, proposed acquisition of certain assets
and assumption of certain liabilities of the
Beckett branch of Midlantic National Bank, Newark,
New Jersey -- report on competitive factors.
Submitted, May 10, 1994.

EXTENSIONS OF TIME




Atlanta

AmSouth Bancorporation, Birmingham, Alabama -extension to August 24, 1994, to acquire Fortune
Bancorp, Inc., Clearwater, Florida, Fortune Bank, A
Savings Bank; AmSouth Bancorporation, Pensacola,
Florida, and AmSouth Bank of Florida.
Granted, May 12, 1994.

Cleveland

CoBancorp, Inc., Elyria, Ohio, and Premier Bank &
Trust -- extension to August 16, 1994, to acquire
the Worthington, Ohio, branch of Jefferson Savings
Bank.
Granted, May 13, 1994.

Richmond

PNC Bank Corp. Pittsburgh, Pittsburgh,
,
Pennsylvania -- extension to July 26, 1994, to
engage in asset management activities through PNC
Asset Management Corp.
Granted, May 9, 1994.

Cleveland

PNC Bank Corp., Pittsburgh, Pittsburgh,
Pennsylvania -- extension to July 26, 1994, to
engage in asset management activities through PNC
Asset Management Corp.
Granted, May 9, 1994.

Cleveland

PNC Bank Corp., Pittsburgh, Pittsburgh,
Pennsylvania -- to engage in asset management
activities through PNC Asset Management Corp.
Granted, May 13, 1994.

H.2
MAY 8, 1994
PAGE 10

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MAY 13, 1994

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

Colorado Valley Bank, La Grange, Texas -- to become a
member of the Federal Reserve System.
Approved, May 9, 1994.

Philadelphia

First Heritage Bank, Wilkes-Barre, Pennsylvania -- to
become a member of the Federal Reserve System.
Approved, May 12, 1994.

RESERVE BANK OPERATIONS
Director, FRBO

Federal Reserve Bank of New York -- to purchase
reader / sorter upgrades for check processing at
the Utica office.
Approved, May 10, 1994.

Director, FRBO

Federal Reserve Bank of Philadelphia -- to purchase
high-speed reader / sorters.
Approved, May 10, 1994.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Chicago -- to offer a
returned check reclearing service at the Chicago
and Milwaukee offices.
Approved, May 10, 1994.

Director, FRBO

Federal Reserve Bank of Richmond -- to offer an Early
RCPC deposit option at the Charlotte office.
Approved, May 10, 1994.

H .2
MAY 8, 1994
PAGE 11

ADDITIONS AND CORRECTIONS
TO

MAY 13, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Chicago

First Bank North, Freeport, Illinois -- to establish
a branch at 3957 N. Mulford Road, Rockford,
Illinois.
Approved, May 2, 1994.

BANK HOLDING COMPANIES
Chicago

Capital Commerce Bancorp, Inc., Milwaukee, Wisconsin
to acquire Western Bancshares, Inc., and Milwaukee
Western Bank.
Returned, May 6, 1994.

Cleveland

National City Corporation, Cleveland, Ohio -- to
engage de novo in certain securities-related
activities through National City Investments
Corporation, Cleveland, Ohio.
Permitted, May 5, 1994.

CAPITAL STOCK
Chicago

First Security Banshares, Inc., Lake Park, Iowa -redemption of shares.
Returned, May 6, 1994.

REGULATIONS AND POLICIES




Director, C&CA

Regulation DD -- determination that Wisconsin's Truth
in Savings law is not inconsistent with federal law
and therefore is not preempted (Docket R-0818).
Approved, May 4, 1994.

FEDERAL RESERVE BANK OF BOSTON A P P L IC A T IO N S
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Comment Period Ending Date

Family Bancorp, Haverhill,
Massachusetts - 5(d)(3)
application to acquire
certain assets and assume
certain liabilities of the
Andover branch of First
Federal Savings Bank of
Boston, Boston, Massachusetts

Newspaper

Not Yet Established

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 ONLY

Fleet Financial Group, Inc.,
05-31-94
Providence, Rhode Island 4(c)(8) notification to
conduct Fleet Management &
Recovery Corporation
activities in Canada

Shawmut National Corporation,
Hartford, Connecticut 4(c)(8) notification to expand
the geographic area served by
its subsidiary, Shawmut
Investment Advisers, Inc.
to Canada

Federal Register

Federal Register

06-02-94

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE *
*Subject to CRA.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution

Examination Date

Ratincr**

NONE

**Rating Definitions:: "0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; '
'SN" - Substantial Noncompliance.




"
]

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Manufacturers and Traders Trust Company, Buffalo, New York to
acquire the following branches of Chemical Bank, New York,
New York located at: 23 Lake Street (at Millpond Parkway),
Monroe; Route 17M (at Route 306), Monroe; Church Street &
Route 17M Harriman; Ball and Sussex Streets, Port Jervis;
Route 17M (at Route 6) Middletown; 375 Windsor Highway
(at Temple Hill Road) Vails Gate; 108 Main Street (at
Franklin Street and Broadway), Nyack, all in New York.l/

6/3/94

United Jersey Bank, Hackensack, New Jersey to establish an
off-site electronic facility at Lehman Brothers, Inc., 101
Hudson Street, 27th floor, Jersey City, New Jersey.1/

6/8/94

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
HUBCO Inc., Union City, New Jersey to acquire 27.9 percent of
the voting shares of Washington Bancorp, and thereby
indirectly acquire Washington Savings Bank, both of Hoboken,
New Jersey.^/

6/10/94

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
J.P. Morgan & C o . Incorporated, New York, New York through
,
its subsidiary, J.P. Morgan Community Development Corporation,
to acquire an 18.0 percent equity interest in New York Equity
Fund 1993 Limited Partnership and thereby engage in community
development activities.

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 Ending May 14, 1994
NAME OF BANK
Manufacturers & Traders
Trust & Co.
One M&T Plaza
Buffalo, NY 14240
M Ito |H

/
/
/

4/

RATING
Outstanding

EXAMINATION DATE
6/14/94

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




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Ambassador Bank of the Commonwealth, Allentown, Pennsylvania requests approval to
acquire certain assets and assume certain liabilities of one branch of Lafayette Bank,
Easton, Pennsylvania, pursuant to Section 18(c) of the Federal Deposit Insurance Act,
and incident thereto, to establish a branch office to be located at 535 North 19th
Street, Allentown, Pennsylvania, pursuant to Section 9 of the Federal Reserve Act.
6/10/94
Keystone Financial, Inc., Harrisburg, PA, requests approval to acquire, through its
bank subsidiary Northern Central Bank, two branch offices of Citizens Savings
Association of Clarks Summit, Clarks Summit, PA, pursuant to Section 5(d)(3) of the FDI
Act, (the Oakar Amendment.)
N/A
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
National Penn Bancshares, Inc., Boyertown, PA, requests approval to acquire 100% of the
voting shares of Investors Trust Company, Wyomissing, PA, and thereby engage, de novo,
in performing the functions and activities of a trust company, including those of a
fiduciary, agency or custodial nature, pursuant to Section 4(c)(8) of the bank Holding
Company Act and Section 225.25(b)(3) of Regulation Y.
Federal Regis. Comment period expires:

6/1/94

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
Meridian Bank, Reading, Pennsylvania requests approval to invest an additional $150,000
in bank premises in connection with the relocation of its branch office at 101 West
Third Street, Williamsport to Commonwealth Plaza, 33 West Third Street, Williamsport,
Pennsylvania, pursuant to Section 24A of the Federal Reserve Act.
Meridian Bank, Reading, Pennsylvania requests approval to invest an additional $150,000
in bank premises in connection with the relocation of its branch office at 101 West
Third Street, Williamsport to Commonwealth Plaza, 33 West Third Street, Williamsport,
Pennsylvania, pursuant to Section 24A of the Federal Reserve Act.
MBNA Corporation, Newark, DE requests approval to invest an additional £65 million in
MBNA International Bank Limited, Chester, England, pursuant to Section 211.5(c)(1) of
Regulation K.
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 May 13# 1994.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

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

Examination Date

CRA Rating

None

None

None




F ederal R eserve Bank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387

APPLICATIONS BULLETIN
(For the week ending May 14, 1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received OAKAR application from F.N.B. Corporation,
Hermitage, Pennsylvania, on April 28, 1994, to acquire
certain assets and assume certain liabilities of Dollar
Savings Association, New Castle, Pennsylvania.

*Not Yet Known #

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
None
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
None
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
None

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date of application's receipt
# # - Expected to end approximatley 18 days from date of application's receipt



AVAILABILITY OF CRA PUBLIC EVALUATIONS
(May 13, 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 May 13, 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 o f its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs o f its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.




NONE

Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Eatice Only
Comment Period Ending Date

Application
None.

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

Comment Feriod Ending Date

First Union Corporation, Charlotte, North
Carolina, to acquire BancFiorida Financial
Corporation, Naples, Florida.*

5-26-94

Cooperative Bankshares, Inc., Wilmington,
North Carolina, to. become a bank holding
company through the acquisition of 100% of
the voting shares of Cooperative Bank for
Savings, Inc., SSB, Wilmington, North Carolina.*

6-12-94

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

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

^Application is subject to CRA requirements.



Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending May 13, 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____

Blue Ridge Bank
213 North Locust Street
Floyd, Virginia 24091
South Boston Bank
4013 Halifax Street
South Boston, Virginia




Rating

2-22-94

24592

Satisfactory

2-22-94

Outstanding

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 13. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

SouthTrust Bank of West Florida
St. Petersburg, Florida
To merge with University State Bank, Tampa,
Florida, pursuant to Section 18(c) of the
Federal Deposit Insurance Act.

06-17-94*

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

Comment Period Ending Date

SouthTrust Corporation
Birmingham, Alabama
Along with its subsidiary, SouthTrust USB,
Inc., Birmingham, Alabama, to merge
with University State Bank C o r p . Tampa,
,
Florida, and thereby directly acquire
University State Bank, Tampa, Florida,
pursuant to Section 3( a ) (5) of the Bank
Holding Company Act.
SouthTrust Corporation
Birmingham, Alabama
Along with its second-tier subsidiary,
SouthTrust of Mississippi, Inc.,
Birmingham, Alabama, to merge with First
Jefferson Corporation, Biloxi, Mississippi,
and thereby directly acquire The Jefferson
Bank, Biloxi, Mississippi, pursuant to
Section 3(a)(5) of the Bank Holding
Company Act.
Triangle Bancorporation
Berry, Alabama
1-BHC formation, The Bank of Carbon Hill,
Carbon Hill, Alabama, Bank of Berry, Berry,
Alabama and Bank of Parrish, Parrish, Alabama.
The three banks will be merged, with the
Bank of Carbon Hill being the survivor.

Not yet available*

Not yet available*

06-10-94*
Federal Register

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 13. 1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
SouthTrust of Florida, Inc.
Jacksonville, Florida
To merge with University State Bank C o r p .
,
Tampa, Florida, and thereby directly acquire
University State Bank, Tampa, Florida,
pursuant to Section 3(a)(5) of the Bank
Holding Company Act.

Not yet available*

First State Bancshares of Blakely, Inc.
Blakely, Georgia
To acquire Bostwick Banking Company,
Arlington, Georgia, pursuant to Section
3(a)(3) of the Bank Holding Company Act.

Not yet available*

Wrightsville Bancshares, Inc.
Wrightsville, Georgia
After-the-fact change in control notice by
Thomas Luther Lovett to retain .6 percent
of the outstanding shares of common
stock of Wrightsville Bancshares, Inc.,
Wrightsville, Georgia.
Total ownership
equals 13.52 percent.

Not yet available*

CM Bank Holding Company
Lake Charles, Louisiana
1-BHC formation, The Calcasieu Marine
National Bank of Lake Charles, Lake
Charles, Louisiana.

Not yet available*

Hibernia Corporation
New Orleans, Louisiana
To merge with First Bancorp of Louisiana,
Inc., West Monroe, Louisiana, and thereby
directly acquire its bank subsidiaries,
First National Bank, West Monroe,
Louisiana, and Southern National Bank at
Tallulah, Tallulah, Louisiana, pursuant
to Section 3 ( a ) (5) of the Bank Holding
Company A c t .

05-27-94*
Federal Register

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 13, 1994
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Shamrock Holding, Inc.
Evergreen, Alabama
To engage de novo, through its
proposed subsidiary, Shamrock Insurance,
Inc., in insurance agency activities,
pursuant to Section 225.25(b)(8) of
Regulation Y.
Barnett Banks, Inc.
Jacksonville, Florida
Along with its wholly-owned subsidiary,
Barnett Mortgage Company, Jacksonville,
Florida, to acquire Loan America
Financial Corporation, Miami Lakes,
Florida, pursuant to Section 4(c ) (8) of
the Bank Holding Company Act and pursuant
to Section 225.25(b)(1) of Regulation Y.
SunTrust Banks, Inc.
Atlanta, Georgia
To engage de novo, through a wholly-owned
subsidiary, SunTrust Capital Markets,
Inc., Atlanta, Georgia (Company), in
certain nonbank activities.
Specifically,
Applicant proposes to make, service or
acquire loans or other extensions of
credit, to act as an investment or
financial advisor, to lease personal or real
property, to arrange commercial real estate
equity financing, to provide securities
brokerage services and to underwrite and
deal in government obligations and money
market instruments, pursuant to Sections
225.25(b)(1),(4),(5),(14),(15) and (16)
of Regulation Y, respectively.




Not yet available

06-10-94

Not yet available

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 13. 1994
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

In addition, Applicant proposes to
engage, through Company, in certain
nonbank activities that have been approved
by Board Order, but have not yet been
added to the laundry list of permissible
nonbank activities.
Specifically, Applicant
proposes to engage in the private placement
of all types of debt and equity securities,
see Bankers Trust New York Corporation. 75
Federal Reserve Bulletin 829 (1989)
("Bankers Trust"); J .P . Morgan & Company &
Company Incorporated. 76 Federal Reserve
Bulletin 26 (1990) ("J .P . Morgan"); to buy
and sell all types of debt and equity
securities on the order of customers as a
"riskless principal", see Bankers Trust and
J.P. Morgan; and to underwrite and deal in
municipal revenue bonds, mortgage-related
securities, consumer-receivable related
securities and commercial paper, see
Citicorp, J.P. Morgan & Company Incorporated
and Bankers Trust New York Corporation. 73
Federal Reserve Bulletin 473 (1987);
Chemical New York Corporation et. al . 73
Federal Reserve Bulletin 731 (1987); as
modified by Order Approving Modification to
Section 20 Orders. 75 Federal Reserve Bulletin
751 (1989)
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
SouthTrust Bank of West Florida
St. Petersburg, Florida
Request for increase in bank premises.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 13. 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information
about an institution's CRA evaluation may be obtained directly
from the institution.
In connection with the assessment of an
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs: An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated community, including 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 helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
None.




Rating

Date

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

Comment Period
Ending Date

Type

Application

Oakar

Chemical Bank and Trust Company
Freeland, Michigan
Freeland, Michigan Office of
Standard Federal Bank
Troy, Michigan

N

5-18-94

Oakar

Farmers State Bank of Breckenridge
Breckenridge, Michigan
Hemlock, Michigan Branch of Standard
Federal Bank
Troy, Michigan

N

**

Oakar

M&I Mid-State Bank, N.A.
Stevens Point, Wisconsin
Valley Bank Western, F.S.B.
Sparta, Wisconsin

N

**

Branch

Westby-Coon Valley State Bank
Westbv, Wisconsin
'420 Commerce Street
West Salem, Wisconsin

N

5-16-94




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

Type

Application

CoC-HC

Spring Bancorp, Inc.
Springfield, Illinois
Jack A. Marantz
Tom E. Marantz

FR
NP

5-09-94
5-01-94

Second Fourth Street Financial Corp.
Pekin, Illinois
Herget Financial Corp.
Pekin, Illinois

FR
NP

5-12-94
5-12-94

&

Y-l

T T --, - — , , ,
y - -,

n c i v -

TVT — . i
—

i mu

! _

1

1 1 c j u a . j.

n

^

1^

c a iiA

r , -C
-

u i

m

„ 1^

ir t r r u -L ii

Pekin, Illinois*
Y-2

Heritage Financial Services
Tinley Park, Illinois
Midlothian State Bank
Midlothian, Illinois*

FR
NP

5-12-94
5-15-94

Y-l

Capital Commerce Bancorp, Inc.
Milwaukee, Wisconsin
Western Bancshares, Inc.
■Milwaukee, Wisconsin
Milwaukee Western Bank
Milwaukee, Wisconsin*

FR
NP

5-13-94
5-6-94

CoC-HC

Peoples Bancorp, Inc.
Prairie Du Chien, Wisconsin
Thomas F. Farrel

FR
N

5-19-94
5-01-94

Y-2

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

FR
NP

2-25-94
5-14-94

Y-2

Amcore Financial Inc.
Rockford, Illinois
First State Bancorp of Princeton,
Illinois, Inc.
Princeton, Illinois
First Bank of Gridley
Gridley, Illinois
First State Bank of Princeton
Princeton, Illinois
First Bank of Ashton-Rochelle
Ashton, Illinois*

FR - 5-27-94
N
5-14-94




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

Type

Application

CoC-HC

Northwood Financial Services Corporation
Northwood, Iowa
Carol J. Paulson

FR - 5 - 2 0 - 9 4
N - 4-27-94

CoC-HC

Community Illinois Corporation
Rock Falls, Illinois
Louis F. Pignatelli

FR - 5 - 2 5 - 9 4
N - **

Y-2

Ambank Company, Inc.
Sioux Center, Iowa
Remsen Financial Services, Inc.
Council Bluffs, Iowa
First Trust & Savings Bank, NA

FR - 5 - 2 0 - 9 4
N - 5-13-94

I\.c jl 5c:1 1
= iic

t

xuwa™

Y-l

Madison Bancorp, Inc.
Madison Heights, Michigan
Madison National Bank
Madison Heights, Michigan*

FR - 5 - 2 7 - 9 4
N - **

Y-2

Baylake Corp.
Sturgeon Bay, Wisconsin
Kewaunee County Banc-shares, Inc.
Kewaunee, Wisconsin
State Bank of Kewaunee
Kewaunee, Wisconsin*

FR - 5 - 3 1 - 9 4
N - 5-13-94

Y-l

Employees Stock Ownership Plan of
Horizon Bancorp
Michigan City, Indiana
Horizon Bancorp
Michigan City, Indiana
First Citizens Bank, NA
Michigan City, Indiana*

FR - **
N
- 5-19-94

Y-l

Northwest Indiana Bancorp
Munster, Indiana
Peoples Bank* SB
Munster, Indiana*

FR - 5-27-94
N - 3-07-94

Y-2

Town Financial Corporation
Hartford City, Indiana
Pacesetter Bank of Hartford City
Hartford City, Indiana
Pacesetter Bank of Montpelier
Montpelier, Indiana*




FR - 5-31-94
-

N

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

Tyee

Application

Y- 2

Comerica Incorporated
Detroit, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
Houston, Texas*

Y-2

Comerica Texas Incorporated
Dallas, Texas
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
Houston, Texas*

FR
N

5-31-94
**

Y-2

Firstar Corporation
Milwaukee, Wisconsin
First Southeast Banking Corp.
Lake Geneva, Wisconsin
First Bank Southeast, N.A.
■Milwaukee, Wisconsin
First Bank Southeast of Lake Geneva, N. A.
Lake Geneva, Wiscosin*

FR
N

5-31-94
**

Y-2

Republic Bancorp, Inc.
Ann Arbor, Michigan
Horizon Savings Bank
Beachwood, Ohio*

FR - **
N - **

Y-2

Firstar Corporation of Wisconsin
Milwaukee, Wisconsin
First Southeast Banking Corp.
Lake Geneva, Wisconsin
First Bank Southeast, N.A.
Milwaukee, Wisconsin
First Bank Southeast of Lake Geneva, N.A.
Lake Geneva, Wiscosin*

FR - 5-31-94
N - **

CoC

Mid America Banks, Inc.
Collins, Iowa
Gary Hested
Michael R. Rude
J.C. Van Ginkel

FR - **
N - 5-18-94




FR - 5-31-94
N
**

Federal Reserve Bank of Chicago
Section III - Applications Subiect to Federal Register
Notice Only
Comment Period
Endinq Date

Type

Application

Y-4

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

FR
N

4-15-94
5-14-94

4 (c) (8)

Heartland Financial USA, Inc.
Dubuque, Iowa
KFS Services, Inc.
Keokuk, Iowa - engage in discount
brokerage services

FR
N

4-15-94
5-14-94

Y-4

First Midwest Corporation of Delaware
Elmwood Park, Illinois
Midwest One Mortgage Services, Inc.
Melrose Park, Illinois

FR - 6-6-94
N
**

4(c)(8)

First Midwest Corporation of Delaware
Elmwood Park, Illinois
Midwest Trust Services
Elmwood Park, Illinois

FR

5-09-94

4(c) (8)

Horizon Bancorp
Michigan City, Indiana
Engage in lending activities

FR

**

4 (c) (8)

Garrett Bancshares LTD.
Bloomfield, Iowa
Engage in the making of a loan to a
principal of North Side of the Square,

FR

**

Inc.

SMB-OT

Independent Banker's Bank of Illinois
Springfield, Illinois
Investment & financial
advice & management consulting to
depository institutions

FR - **

4(c) (8)

Heartland Financial USA, Inc.
Dubuque, Iowa
KFS Services, Inc.
Keokuk, Iowa - engage in acting as
principal, agent or broker for insurance

FR - 6-02-94




Federal Reserve Bank of Chicago

Type

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

4 (c) (8)

First of America Bank Corporation
Kalamazoo, Michigan
First of America Securities, Inc.
Kalamazoo, Michigan - providing full
service brokerage; fin. advice &
underwriting & dealing in securities

FR
N

6-6-94
**

4(c)(8)

Firstbank of Illinois Co.
Springfield, Illinois
FFG Trust, Inc.
Springfield, Illinois
engage in crust

FR
N

**
**




company activities

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

Application

RoS

Peoples Bancorp, Inc.
Prairie du Chien, Wisconsin
Redeem 45.10% of outstanding stock

RoS

Charter Bancorporation, Inc.
Newport, Minnesota
Redeem 905 shares of its common stock

RoS

Community Illinois Corporation
Rock Falls, Illinois
Purchase an additional 7.5% of

N
FR
* *

IS O U t S Candiiig' S i i f z
icj8:

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




AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve
Bank of Chicago for compliance with the CRA. The 30-business day period the
bank has to make the evaluation public has lapsed during the week ending May
13, 1994.
If you are interested in obtaining a copy of the evaluation
document, please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighborhoods, in
a manner consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
NI-An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient
record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
EXAMINATION DATE
-NONE




RATINGS

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING May 13, 1994

Application

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period

None.

Application

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period

Change in Control notification involving Capital
Bancorporation, Inc., Cape Girardeau, Missouri,
by William Lauber and Douglas Hommert (as
trusters of five trusts collectively); also
separately by Capital Trust.

Not yet available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Mainline
Bankshares of Portland, Inc., Portland,
Arkansas, to engage de novo in making loans
(previously reported during week ending
4-29-94).

5-26-94

Section 4(c)(8) notification by First Commercial
Corporation, Little Rock, Arkansas, to engage
de novo in making, acquiring, and servicing
loans (previously reported during week ending
4-22-94).

5-25-94

SECTION IV
Application

APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
End of Comment Period

Section 24A application by Arkansas Bank
& Trust Company, Hot Springs, Arkansas,
for an investment in bank premises.

This application is subject to CRA.




N/A

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

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification of Ratings:
Outstanding record o f 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 o f 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 o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities
.

FOR THE WEEK ENDING

Name of Bank
None




May 13, 1994

Bank Address

Examination
Date

Examination
Rating

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

Application
NONE.

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

Application
Dirk Gasterland, Jan Gasterland
Hans Gasterland and Gretchen Gilbertson
To each acquire 21.84% of the voting
shares of Coulee Bancshares, Inc.,
LaCrosse, WI*

Not yet available

The Bridger Company
Bridger, MT
To acquire 100% of the voting
shares of Norwest Bank Wyoming
Lovell* N.A., Lovell, WY*

Not yet available

Security State Agency of Aitkin
Aitkin, MN
To acquire 100% of Cook County
State Bank, Grand Marais, MN, a
de novo bank*

Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only

Application
Security State Agency of Aitkin
Aitkin, MN
To engage in general insurance
agency activities*

*Subject to CRA




Comment Period
Ending Date
Not yet available




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Ronan State Bank
Ronan, MN
Applicant proposes to
pay a $1,000M dividend
United Bankers' Bank
Bloomington, MN
Applicant proposes to
pay a $24M dividend on
its preferred stock

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending May 13, 1994
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to imp-rove its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low-and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
BANK(S) EXAMINED

DATE OF EXAMINATION

CRA RATING

Crow River State Bank
710 Babcock, Box B2
Delano, MN 55328
(612) 972-3385

January 31, 1994

Outstanding




Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
OMNIBANK Southeast, Denver, Colorado,
for prior approval to merge with
OMNIBANK Arapahoe, Englewood,
Colorado.

COMMENT PERIOD ENDING DATE
Not Available

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

COMMENT PERIOD ENDING DATE

PBT Bancshares, Inc., McPherson,
Kansas, for prior approval to acquire
100 percent of the voting shares of
Nickerson Bankshares, Inc.,
Nickerson, Kansas.*

Not Available

Young Family Trust, Hugoton, Kansas,
for prior approval to retain 41.47
percent of the voting 'shares of
Hugoton Bancshares, Inc., Hugoton,
Kansas.

Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None .
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:




Federal Reserve Bank of Kansas City

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

CRA Public
Date

Sac River Valley Bank
P .0. Box B
Stockton, Missouri 65785*

01-31-94

05-09-94

*Application is subject to CRA.




CRA
Rating
Satisfactory

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 9, 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
Change in Control Notice by
John Thomas Talkington, Lubbock, TX, to
acquire an interest in Lubbock National
Bancshares, Inc., Lubbock, TX
(Previously reported during the week of 3-28-94)

** NOTICE EXP

94/05/15

Change in Control Notice by
Bob G. Scott, as Voting Trustee, Fort Worth, TX, to
acquire an interest in Provident Bancorp of Texas,
Inc., Dallas, TX

N/A

Change in Control Notice by
George Gregory Griffin and Margaret Theo Griffin
Family Living Trust, Fort Stockton, TX, and as
Trustees, to acquire an interest in Pecos County
Bancshares, Inc., Fort Stockton, TX

N/A

*Section 3(a)(1) application by
Bronte Bancshares, Inc., Bronte, TX, to acquire
Bronte Bancshares - Delaware, Inc., Wilmington, DE,
and First National Bank in Bronte, Bronte, TX

94/06/07

*Section 3(a)(1) application by
Bronte Bancshares - Delaware, Inc., Wilmington, DE,
to acquire First National Bank in Bronte, Bronte, TX

94/06/07

*Section 3(a)(1) application by
Riverway Holdings, Inc., Houston, TX, to acquire
Riverway Holdings of Delaware, Inc., Wilmington, DE,
and Riverway Bank, Houston, TX

N/A

*Section 3(a)(1) application by
Riverway Holdings of Delaware, Inc., Wilmington, DE,
to acquire Riverway Bank, Houston, TX

N/A




♦Section 3(a)(3) application by
GNB Bancshares, Inc., Gainesville, TX, to acquire
Lake Cities Financial Corporation, Lake Dallas, TX, and
Lake Cities State Bank, Lake Cities, TX

N/A

♦Section 3(a)(5) application by
Guaranty National Bancshares, Inc., Wilmington, DE,
to acquire Lake Cities Financial Corporation, Lake
Dallas, TX

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE

Section 4(c)(8) de novo notification by
Riverway Holdings, Inc., Houston, TX, to acquire
Riverway Financial Services, Inc., Houston, TX
(engage in providing investment advice)

N/A

Section 4(c)(8) de novo notification by
Riverway Holdings of Delaware, Inc., Wilmington, DE, to
acquire Riverway Financial Services, Inc., Houston, TX
(engage in providing investment advice)

EXP

N/A

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Section 24A application by
Silsbee State Bank, Silsbee, TX, to invest in
bank premises in excess of bank’s capital stock
Section 9 application received from
The State Bank of Texas, Houston, TX,
(currently Antoine National Bank), to
become a member of the Federal Reserve System

* 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 NAY 9. 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 05/13/94
Section I - Applications Subject to Newspaper Notice Only
A d d Iication

Comment Period

Endina Date

EverTrust Bank (In Org.), City of Industry, California,
to become a member of the Federal Reserve System. *

NewsDaoer:

05/20/94

Section II - ADDlications Subject to Both
NewsDaoer and Federal Reaister Notice
Charter Bancorporation, Inc., Newport, Minnesota, to
become a bank holding company by acquiring First Buffalo
Holding Company, Scottsdale, Arizona. *

NewsDaoer:

05/19/94

Fed. Rea.:

05/27/94

EverFinancial Corporation, South Pasadena, California, to
become a bank holding company by acquiring EverTrust Bank
(In Org.), City of Industry, California. *

NewsDaoer:

05/28/94

Fed. Rea.:

06/06/94

Union International Financial, South Pasadena, California,
to become a bank holding company by acquiring Pacific
Business Bank, Carson, California. *

NewsDaoer:

Not available

Fed. Rea.:

Not available

Section III - Applications Subject to Federal Register Notice Only
Grupo Financiero Serfin, S.A., Mexico City, Mexico, to
Fed. Reg.:
establish Serfin Funds Transfer, Inc., Los Angeles,
California, and engage in receiving/transmitting of money,
buying/selling foreign currency, cashing US$ payroll checks,
cash advances on credit cards, issuing/selling USS and
foreign currency denominated money orders and similar
payment investments.
Cupertino National Bancorp, Cupertino, California, to
engage directly in lending activities.

Not on "laundry
list" to be
published by Board
after acceptance

Fed. Reg.:

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

*

Subject to CRA




06/10/94

FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t ’ d . )

Week ending 05/13/94

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 noncompliance in meeting community credit needs: An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- 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