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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1995 1 No. 20
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending May 20, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Financial Institutions Regulatory Relief Act of 1995
(H.R. 1362)
statement by Governor Phillips
before the Subcommittee on Financial Institutions
and Consumer Credit of the House Committee on
Banking and Financial Services.
Published, May 18, 1995.

BANK HOLDING COMPANIES
Lone Star National Bancshares - Texas, Inc., Pharr,
Texas, and Lone Star National Bancshares - Nevada,
Inc., Reno, Nevada -- to acquire Lone Star National
Bank, Pharr, Texas.
Approved, May 15, 1995.
Ogden Bancshares, Inc., Ogden, Iowa - - t o acquire
City State Bank.
Approved, May 17, 1995.
BANKS. FOREIGN
Banco Bandeirantes, S.A., Sao Paulo, Brazil -- to
establish a branch in Miami, Florida.
Approved, May 15, 1995.
INTERNATIONAL OPERATIONS
Bankers Trust New York Corporation, New York, New
York -- to make investments in Compania de Seguros
de Vida Consorcio Nacional de Seguros S.A.,
Santiago, Chile, and Compania de Pensiones S.A.,
Compania de Seguros de Vida.
Permitted, May 19, 1995.
Citibank Overseas Investment Corporation, New Castle,
Delaware -- to make an investment in Citibank
Berhad, Kuala, Lumpur.
Permitted, May 15, 1995.
REGULATIONS AND POLICIES




Contractual branching -- determination that state
member banks in Michigan may provide services to
customers through contractual branching
arrangements with affiliated depository
institutions without filing branch applications.
Approved, May 15, 1995.

H.2

MAY 15, 1995
PAGE 2

TO

MAY 19, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Federal Reserve to issue two additional documents on
a regular basis to the U.S. Department of Commerce
Economic Bulletin Board: minutes of the Federal
Open Market Committee meetings and the fBiege
f
Book,” a compilation of economic conditions in the
twelve Federal Reserve Districts.
Announced, May 17, 1995.

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




Dallas

Colorado Valley Bank, La Grange, Texas -- to
establish a branch at 107 East Main, Weimar, Texas.
Approved, May 19, 1995.

Cleveland

Fifth Third Bank of Northeastern Ohio, Cleveland,
Ohio -- to establish a branch at 27629 Chagrin
Boulevard, Woodmere, Ohio.
Approved, May 19, 1995.

Minneapolis

First Interstate Bank of Commerce, Billings,
Montana -- to establish a branch at 2nd and
Callender Street; and at U.S. Highway 89, Gardiner,
Montana.
Approved, May 18, 1995.

H .2
MAY 15, 1995
PAGE 3

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MAY 19, 1995

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

BANK BRANCHES■ DOMESTIC
San Francisco

Harris Trust Bank of Arizona, Scottsdale, Arizona -to establish a branch at 2929 North Central Avenue,
Suite 100, Phoenix, Arizona.
Approved, May 15, 1995.

Chicago

NBD Bank, Detroit, Michigan -- to establish a branch
at Marshall Mall Supermarket, 2880*4 Gratior,
Roseville, and Eastlake Supermarket, *4*4855 Hayes,
Sterling Heights, Michigan.
Approved, May 16, 1995.

Chicago

NBD Bank, Detroit, Michigan -- to establish a branch
at 7301 Wyoming, Dearborn, Michigan.
Approved, May 19, 1995.

Cleveland

PremierBank and Trust, Elyria, Ohio -- to establish a
customer-bank communication terminal at 561 West
Central Avenue, Delaware, Ohio.
Approved, May 19, 1995.

Chicago

1st Source Bank, South Bend, Indiana -- to establish
a branch at 3395 Willowcreek, Portage, Indiana.
Approved, May 19, 1995.

BANK HOLDING COMPANIES




Kansas City

Ace Gas, Inc., Deshler, Nebraska, and Gibbon Exchange
Company, Gibbon, Nebraska -- to acquire Nebraska
National Bank, Kearney, Nebraska.
Approved, May 15, 1995.

Atlanta

Banco Sabadell, S.A., Sabadell, Spain -- to engage in
nonbanking activities through PRS International
Investment Advisory Services, Inc., Miami, Florida,
and PRS International Brokerage, Inc.
Permitted, May 15, 1995.

Dallas

Blumberg BancUnits, Limited Partnership, Seguin,
Texas -- to acquire Seguin State Bank & Trust
Company.
Approved, May 19, 1995.

H.2

MAY 15, 1995
PAGE 4

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MAY 19, 1995

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

BANK HOLDING COMPANIES




Dallas

Blumberg BancUnits Investment Partnership, Limited
Partnership, Seguin, Texas -- to acquire Seguin
State Bank & Trust Company.
Approved, May 19, 1995.

Dallas

Blumberg Family Investment Partnership, Seguin, Texas
-- to acquire Seguin State Bank & Trust Company.
Approved, May 19, 1995.

Dallas

Blumberg Family Partnership, L.P., Seguin, Texas -to acquire Seguin State Bank & Trust Company.
Approved, May 19, 1995.

Dallas

Brazosport Corporation, Corpus Chrisii, Texas -- to
acquire First Commerce Mortgage Corporation.
Approved, May 17, 1995.

Director, BS&R

Caisse Nationale de Credit Agricole, Paris, France -request to permit Credit Agricole Futures, Inc.,
Chicago, Illinois, to provide execution and
clearance services to employees of CAFI who would
trade futures and options on futures for their own
accounts.
Granted, May 17, 1995.

Director, BS&R

Citicorp, New York, New York -- request to increase
the equity underwriting and dealing limits
applicable to Citibank Overseas Investment
Corporation, New Castle, Delaware, and Citicorp
Banking Corporation.
Approved, May 19, 1995.

Minneapolis

Citizens State Bancshares, Inc., Lankin, North Dakota
-- to acquire Citizens State Bank of Lankin.
Approved, May 16, 1995.

Richmond

Communitycorp, Walterboro, South Carolina -- to
acquire Bank of Walterboro.
Approved, May 16, 1995.

Dallas

Delaware Financial Bancorporation, Inc., Wilmington,
Delaware -- to acquire First Bank, Houston, Texas.
Approved, May 16, 1995.

H.2
MAY 15, 1995
PAGE 5

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MAY 19, 1995

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

BANK HOLDING COMPANIES




Minneapolis

Duke Financial Group, Inc., St. Paul, Minnesota -- to
acquire First National Bank of North Country,
Carlsbad, California.
Approved, May 15, 1995.

Dallas

First Grayson Bancshares, Inc., ESOP, Whitesboro,
Texas -- to acquire First Grayson Bancshares, Inc.,
and Security Bank of Whitesboro.
Returned, May 19, 1995.

Dallas

First National Bank in Cameron, Cameron, Texas -- to
acquire Lee County National Bank, Giddings, Texas.
Approved, May 17, 1995.

Atlanta

First Southern Bancshares, Inc., Lithonia, Georgia -to acquire First Southern Bank.
Approved, May 16, 1995.

Cleveland

Huntington Bancshares Incorporated, Columbus, Ohio,
and Huntington Bancshares Florida, Inc. request for
waiver of application to acquire First Seminole
Bank, Lake Mary, Florida, and merge it with The
Huntington National Bank of Florida, Maitland,
Florida.
Approved, May 18, 1995.

Dallas

International Bancshares Corporation, Laredo, Texas - to acquire IBC Subsidiary Corporation,
Wilmington, Delaware; International Bank of
Commerce, Brownsville, Texas; Commerce Bank,
Laredo, Texas; International Bank of Commerce; and
International Bank of Commerce Zapata, Zapata,
Texas.
Approved, May 17, 1995.

Dallas

Metroplex North Bancshares, Inc., ESOP, Whitesboro,
Texas -- to acquire Metroplex North Bancshares,
Inc., Whitesboro, Texas, and First Bank of Celeste,
Celeste, Texas.
Returned, May 19, 1995.

H.2
MAY 15, 1995
PAGE 6

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MAY 19, 1995

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

BANK HOLDING COMPANIES




Kansas City

Mountain Parks Financial Corporation, Minneapolis,
Minnesota -- to acquire Financial Holdings, Inc.,
Louisville, Colorado.
Approved, May 15, 1995.

Chicago

New Central Illinois Financial Co., Inc., Champaign,
Illinois -- to acquire Banklllinois Financial
Corporation; Banklllinois; Central illinois
Financial Corporation; and Champaign National Bank
Approved, May 17, 1995.

San Francisco

Northeast Portland Community Development Trust,
Portland, Oregon, and Albina Community Bancorp -to acquire Albina Community Bank.
Returned, May 16, 1995.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -- to
acquire Dickinson Bancorporation, Inc., Dickinson,
North Dakota, and Liberty Bank and Trust, N.A.
Approved, May 17, 1995.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota, Norwest
Financial Special Services, Inc., Des Moines, Iowa
and Norwest Financial, Inc. -- extension to
July 22, 1995, to engage de novo in management
financial reporting services and data processing
activities.
Approved, May 19, 1995.

Chicago

Scott Bancshares, Inc., Bethany, Illinois -- to
acquire Maroa Bancshares, Inc, Maroa, Illinois and
the Bank of Maroa.
Approved, May 17, 1995.

San Francisco

Sun Capital Bancorp, St. George, Utah -- to acquire
Sun Capital Bank.
Approved, May 18, 1995.

Dallas

Texas Financial Bancorporation, Inc., Minneapolis,
Minnesota -- to acquire First Bank, Houston, Texas
Approved, May 16, 1995.

H.2
MAY 15, 1995
PAGE 7

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MAY 19, 1995

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

BANK HOLDING COMPANIES
Philadelphia

Wilmington Trust Corporation, Wilmington, Delaware to engage in trust activities through Wilmington
Trust, FSB, Salisbury, Maryland, and Wilmington
Trust of Florida, National Association, Stuart,
Florida.
Approved, May 17, 1995.

BANK MERGERS
Minneapolis

First Interstate Bank of Commerce, Billings,
Montana -- to purchase the assets and assume the
liabilities of First National Park Bank in
Livingston, Livingston, Montana, and to establish
branches.
Approved, May 18, 1995.

San Francisco

Western Bank, Los Angeles, California -- request for
waiver of application to acquire Bank of Encino,
Encino, California.
Approved, May 17, 1995.

BANKS. NATIONAL
GC

National Bank of Newport, Newport, Tennessee -reqeust for Charles T. Rhyne, Jr., to continue his
service with NBN while he also serves as a
management official with Newport Federal Savings
and Loan Association.
Approved, May 19, 1995.

CAPITAL STOCK
Chicago

Greene Investment Co, Coon Rapids, Iowa -redemption of shares.
Approved, May 18, 1995.

CHANGE IN BANK CONTROL




Atlanta

Childersburg Bancorporation, Inc., Childersburg,
Alabama -- change in bank control.
Permitted, May 18, 1995.

H.2
MAY 15, 1995
PAGE 8

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MAY 19, 1995

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

COMPETITIVE FACTORS REPORTS




San Francisco

American River Bank, Sacramento, California, proposed
merger with ARB Merger Company -- report on
competitive factors.
Submitted, May 16, 1995.

San Francisco

Coast Commercial Bank, Santa Cruz, California,
proposed merger with Coast Merger Corp. -- report
on competitive factors.
Submitted, May 16, 1995.

Minneapolis

Community First National Bank, Worthington,
Minnesota, proposed merger with Community First
National Bank of Mabel, Mabel, Minnesota, and
Community First National Bank of Caledonia,
Caledonia, Minnesota -- report on competitive
factors.
Submitted, May 17, 1995.

Minneapolis

First National Bank of Bertha-Verndale, Bertha,
Minnesota, proposed merger with the Elbow Lake and
Wheaton, Minnesota, branches of First Bank, fsb,
Fargo, North Dakota -- report on competitive
factors.
Submitted, May 16, 1995.

Secretary

First National Bank Torrington, Wyoming, proposed
merger with Lingle State Bank, Lingle, Wyoming -report on competitive factors.
Submitted, May 19, 1995.

Atlanta

First Peoples Bank, Pine Mountain, Georgia, proposed
merger with First Peoples Interim Corporation -report on competitive factors.
Submitted, May 15, 1995.

Chicago

First State Bank, Webster City, Iowa, proposed
acquisition of certain assets and assumption of the
liabilities to pay deposits of the Webster City
office of Liberty Savings Bank, FSB, Johnson, Iowa
-- report on competitive factors.
Submitted, May 15, 1995.

Boston

HayBank Connecticut, N.A., Hartford, Connecticut,
proposed merger with BayBank Boston, N.A., Boston,
Massachusetts -- report on competitive factors.
Submitted, May 18, 1995.

H .2
MAY 15, 1995
PAGE 9

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MAY 19, 1995

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

COMPETITIVE FACTORS REPORTS




New York

New Era Bank, Somerset, New Jersey, proposed merger
with United National Bank, Blairstown, New Jersey - report on competitive factors.
Submitted, May 19, 1995.

New York

North Fork Bank, Mattituck, New York, proposed merger
with Bank of Great Neck, Great Neck, New York
report on competitive factors.
Submitted, May 16, 1995.

Atlanta

SouthTrust Bank of Southwest Florida, N.A., Fort
Myers, Florida, proposed merger with the Venice and
Bradenton, Florida, branches of BankUnited, FSB,
Coral Gables, Florida -- report on competitive
factors.
Submitted, May 17, 1995.

Richmond

Suburban Bank of Maryland, Greenbelt, Maryland,
proposed merger with Suburban Bank of Virginia,
N.A., McLean, Virginia -- report on competitive
factors.
Submitted, May 15, 1995.

Dallas

Texas National Bank, Tomball, Texas, proposed merger
with First Interstate Bank of Texas, N.A., Houston,
Texas -- report on competitive factors.
Submitted, May 18, 1995.

Richmond

United National Bank, Fayetteville, North Carolina,
proposed purchase of the assets and assumption of
the liabilities of the Tarheel and Parkton, North
Carolina, branches of United Carolina Bank,
Whiteville, North Carolina -- report on competitive
factors.
Submitted, May 16, 1995.

San Francisco

United Security Bank, National Association, Fresno,
California, proposed merger with Golden Oak Bank,
Oakhurst, California -- report on competitive
factors.
Submitted, May 15, 1995.

H.2

MAY 15, 1995
PAGE 10

TO

MAY 19, 1995

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

COMPETITIVE FACTORS REPORTS
New York

Village Bank & Trust Company, Ridgefield,
Connecticut, proposed merger with Liberty National
Bank, Danbury, Connecticut -- report on competitive
factors.
Submitted, May 17, 1995.

EXTENSIONS OF TIME




Minneapolis

Community First Bancshares, Inc., Fargo, North Dakota
-- extension to July 22, 1995, to acquire First
Community Bancshares, Inc., Englewood, Colorado.
Granted, May 19, 1995.

New York

NSB Holding Corp. "taten Island, New York -,
extension to August 17, 1995, to acquire Northfield
Savings Bank, Staten Island, New York.
Granted, May 16, 1995.

New York

Royal Bank of Canada, Montreal, Canada -- extension
to August 3, 1995, to engage de novo in lending
activities through BFA Receivables Acquisition
Corp., Wilmington, Delaware.
Granted, May 16, 1995.

San Francisco

U.S. Bancorp, Portland, Oregon -- extension to divest
certain property.
Granted, May 19, 1995.

H .2
MAY 15, 1995
PAGE 11

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MAY 19, 1995

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

MEMBERSHIP
Secretary

Bank of New York (NJ), West Patterson, New Jersey
to become a member of the Federal Reserve System.
Approved, May 15, 1995.

Philadelphia

Dauphin Deposit Bank and Trust Company, Harrisburg,
Pennsylvania -- to become a member of the Federal
Reserve System.
Approved, May 15, 1995.

Richmond

First Community Bank of Saltville, Saltville,
Virginia -- to become a member of the Federal
Reserve System.
Approved, May 18, 1995.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Dallas -- to modify Other Fed
deposit options and availability at the Head office
in order to eliminate the use of supplmental
interdistrict transportation.
Approved, May 19, 1995,

H.2

ADDITIONS AND CORRECTIONS

MAY 15, 1995
PAGE 12

TO

MAY 19, 1995

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANKS. FOREIGN
Industrial Bank of Japan, Ltd., Tokyo, Japan -- to
acquire Aubrey G. Lanston & Co., Inc., New York,
New York, and engage in various securities, futures
commission merchant, and foreign exchange
activities.
Approved, May 1, 1995.
CAPITAL STOCK
IBJ Schroder Bank & Trust Company, New York, New York
-- to reduce capital stock.
Approved, May 1, 1995.

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

BANK HOLDING COMPANIES




Secretary

First National of Nebraska, Inc., Omaha, Nebraska -to engage de novo in providing data processing and
courier services through Premier Payment
Processing, Inc.
Permitted, May 12, 1995.

Chicago

Prairie Financial Group, Inc., Stewardson, Illinois - to acquire Stewardson National Bank.
Returned, May 10, 1995.

Secretary

SouthTrust Corporation, Birmingham, Alabama, and
South Trust of Florida, Inc., Jacksonville, Florida
-- to merge with FBC Holding Company, Inc.,
Crestview, Florida, and acquire First Bank of
Crestview.
Approved, May 12, 1995.

F E D E R A L R E S E R V E BANK O F B O STO N A P P L I C A T I O N S

Application

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
NEWSPAPER NOTICE ONLY
Co m m e n t P e r i o d E n d i n g Date
NON E

SE C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H
N E W S P A P E R AND FEDERAT, R E G I S T E R N O T I C E
Application

C o m m e n t P e r i o d E n d i n g Date
N ONE

S E CTION III - A P P L I C A T I O N S SU B J E C T TO
FEDERAT, R EGISTER N O T I C E O N L Y
Application

C o m m e n t P e r i o d E n d i n g Date
NON E

S E CTION IV - A P P L I C A T I O N S N O T S U B J E C T TO
F E DERAL R E G I S T E R OR N E W S P A P E R N O T I C E
Application
N ONE

S E C T I O N V - A V A I L A B I L I T Y OF CRA PUBLIC E V A L U A T I O N S
Institution

E x a m i n a t i o n Date

R a t i n g **

NON E

*Subject to CRA.
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Nee d s to Improve; "SN" - S u b stantial Noncomp l i a n c e .




"N"

Federal Reserve Bank of New York
Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Chemung Canal Trust Company, Elmira, New York, to establish
an off-site electronic facility at Corning Community College,
1 Academic Drive, Corning, New York 14830. 1/
6/19/95

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

SECTION III

Nonbanking Applications
(subject to Federal Register Notice Only)
The Bank of New York Company, Inc., New York, New York,
to acquire all of the outstanding voting securities of
Continental Trust Company, Chicago, Illinois, and thereby
to engage in providing trust company functions pursuant
to Section 225.25(b)(3) of Regulation Y.

SECTION IV
Applications Not Involving
______ Public Comment______
None.

1/ Subject to the provisions of the Community Reinvestment Act.




N/A

SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate -income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate -income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate -income
neighborhoods, in a manner consistent with its resources an
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor­
hoods, in a manner consistent with its resources and capabilities.

Week Ending May 19.1995
NAME OF BANK

RATING

EXAMINATION DATE

None .

1/
2/
3/
4/

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




Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER
NOTICE
Fulton Financial Corporation, Lancaster, Pennsylvania requests approval to acquire
Delaware National Bankshares Corp., Georgetown, DE and its wholly owned subsidiary,
Delaware National Bank, pursuant to Section 3(a)(3) of the BHC Act.
Newspaper comment period expires:
Federal Register comment period expires:

06/12/95
06/15/95

SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY
MBNA Corporation, Newark, Delaware has filed a Notice to engage de novo in community
development activities through a newly formed nonbank subsidiary, MBNA Community
Development Corporation, Newark, Delaware, pursuant to Section 4(c)(8) of the Bank
Holding Company Act of 1956, as amended and Section 225.25(b)(6) of Regulation Y.
Federal Register comment period expires:

N/Avail

Financial Trust Corp., Carlisle, PA requests approval to engage in trust activities
through a newly formed nonbank subsidiary, Financial Trust Services Company, Carlisle,
PA, pursuant to Section 4(c)(8) of the BHC Act and Section 225.25(b)(3) of Regulation
Y.
Financial Trust Services Company will be formed upon the receipt of the trust
departments of three affiliated banks.
Federal Register comment period expires:

06/05/95

SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
NONE

1/Subject to provisions of community Reinvestment Act.




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 19, 1995.
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 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 noncomplxance 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 ed era l R eserv e B a n k
of Cleveland
P. 0 . BOX 6387
CLEVELAND, OHiO 44101-1387

APPLICATIONS BULLETIN
(For the week ending May 20,1995)

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received application from Towne Bank, Perrysburg, Ohio,
on May 15,1995, for permission to become a member o f
the Federal Reserve System pursuant to Section 9 o f the
Federal Reserve Act.
Received OAKAR application from Fifth Third Bancorp,
Cincinnati, Ohio, on May 12,1995, to acquire Bank of
Naples, Naples, Florida.

* June 17, 1995

* Not Yet Known #

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE
Received Section 3(a)(1) application from Towne Bancorp,
Inc., Perrysburg, Ohio, on May 15,1995, to acquire Towne
Bank, Perrysburg, Ohio.

*N: June 17, 1995

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 30 Days from Date o f Receipt




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(May 19,1995)

The following state member banks have been examined by the Federal Reserve Bank o f
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 19,1995. If you are
interested in obtaining a copy o f 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SA TISFACTORY : a bank in this group has a satisfactory record o f ascertaining and
helping to meet the credit needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PR O V E: a bank in this group needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COM PLIANCE: a bank in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NONE




Federal Reserve Bank of 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

Notice of Change in Control filed
by Marshall T. Reynolds, et al, with
respect to Abigail Adams National
Bancorp, Inc., Washington, D. C.

6-5-95*

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

Non e .

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

^Expiration of comment period specified in the Federal Register.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending May 19, 1995

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

Examination
Date____
None.




Rating

Federal Reserve Bank of Atlanta s
Applications Bulletin for Week Ending M§y 1ft. 1995

S e c t i o n 1 - A p p l i c a t i o n s Sub-iect to N e w s p a p e r N o t i c e O n l y

Application

Comment Period Ending Date

First N o r t h w e s t F l o r i d a B a n k
Fort W a l t o n Beach, F l o r i d a
To e s t a b l i s h a b r a n c h l o c a t e d at
W a l t o n Beach, Florida.

05-27-95*
1001 N.W.

Mar Walt

Drive,

Fort

S e c t i o n 2 - A p p l i c a t i o n s Subject to B o t h
N e w s p a p e r and Federal R e g i s t e r N o t i c e

A p p l i c a tion
M o u n d v i l l e Bancshares, Inc.
Moundville, A l a b a m a
1-BHC formation, B a n k of Moundville,

Comment Period Ending Date
05-29-95*
Newspaper
Moundville, Alabama.

V B & T B a n c s h a r e s Corp.
Not yet avail a b l e *
Valdosta, G e o r g i a
C h a n g e in c ontrol n o t i c e b y Mr. L a r r y R e g i n o l d D e a n to r e t a i n an
additional
2.81
percent
of
the
outstanding
shares
of
VB&T
Bancshares,
Inc., Valdosta, Georgia, p u r c h a s e d b y his company,
G e orgia Asphalt, Inc., Adel, Georgia.
Total ownership equals 10.96
percent, i n c l u d i n g 3.16 p e r c e n t b y G e o r g i a Asphalt.

S e c t i o n 3 - A p p l i c ations Subject to F ederal R e g i s t e r Q n l f

Application

Comment P e riod E n d i n g Date

None.

♦Subject to p r o v i s i o n s of the C o m m u n i t y R e i n v e s t m e n t Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 19, 1995

S e c t i o n 4 - A p p l i c a t i o n s Not Subject to
F ederal R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e

Application
B a n k e r s T r u s t of Alabama, Inc.
Huntsville, A l a b a m a
C o m m i t m e n t w a i v e r request.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav IS. 1995

S e c t i o n 10 - A v a i l a b i l i t y of C R A Public E v a l u a t i o n s

The C R A p u b l i c e v a l u a t i o n s of the in s u r e d d e p o s i t o r y ins t i t u t i o n s
listed b e l o w became available d u ring this week.
I n f ormation about
an i n s t i t u t i o n ' s C R A e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y from the
institution.
In connectio n w i t h the assessment of an institution's
C R A performance, a rati n g is a s s i g n e d from the follo w i n g groups:

Outstanding

record
of meeting community credit needs:
An
i n s t i t u t i o n has an
o u t s t a n d i n g r e c o r d of, and is a leader in,
a s c e r t a i n i n g and h e l p i n g to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neigh b o r h o o d s ,
in a m a n n e r co n s i s t e n t w i t h its resou r c e s and
capabilities.
Satisfactory

record of

meeting

community

credit needs:

An
i n s t i t u t i o n has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g a n d h e l p i n g
to m e e t the cred i t needs of its entire d e l i n e a t e d community,
i n c l u d i n g low- and
m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r
c o n s i s t e n t w i t h its resou r c e s and capabilities.

Needs t o

i m p r o v e record of meeting community credit needs:
An
i n s t itution needs to improve its overall record of ascert a i n i n g and
helping
to m e e t
the
credit
needs
of
its
entire
delineated
community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e neighborhoods, in a
m a n n e r c o n s i s t e n t w i t h its resources and capabilities.

Substantial noncompliance in meeting community credit needs:

An
i n s t i t u t i o n has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of a s c e r t a i n i n g
a n d h e l p i n g to m e e t the credit needs of its enti r e d e l i n e a t e d
community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e neighborhoods, in a
m a n n e r c o n s i s t e n t w i t h its resou r c e s a n d capabilities.
Examination

Bank

Ra t i n g

Pats

Fanners and Merchants Bank
Post O f f i c e B o x 220
Centre, A l a b a m a
35960
(205)927-3691

Satisfactory

02-06-95

F i r s t B a n k of C r e s t v i e w
Post O f f i c e B o x 877
Crestview, F l o r i d a
32536
(904)682-2737

Satisfactory
(Revised)

01-30-93




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 19. 1995
S ection 10 - A v a i l a b i l i t y of C R A Public E v a l u a t i o n s
Examination
Bank

Rating

First N o r t h w e s t F l o r i d a B a n k
Satisfactory
Post Offi c e Box 3040
Fort W a l t o n Beach, Fl o r i d a
32548
(904)224-9293




Dat e

02-06-95

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

Comment Period
E n d i n g Date

Type

Application

Branch

Tri-County Bank
B r o w n City, M i c h i g a n
S o u t h e a s t c o r n e r of H u r o n Street and
Beech Street
N o r t h Branch, M i c h i g a n

NP

- 6-8-95

Branch

First S o u r c e B a n k (1st)
S o u t h Bend, I n d i a n a
3395 W i l l o w c r e e k
Portage, I n d i a n a

NP

- 5-14-95

Branch

UnionBank
Streator, I l l i n o i s
1311 S h o o t i n g Park R oad
Peru, I l l inois

NP

- 5-27 - 9 5

Y-l

Pr a i r i e F i n a n c i a l Group, Inc.
Stewardson, I l l i n o i s
S t e w a r d s o n N a t i o n a l Bank
Stewardson, Illinois

NP

- 5-19-95

Branch

Liberty Bank
Milwaukee, W i s c o n s i n
8605 N o r t h Port W a s h i n g t o n Road
F o x Point, W i s c o n s i n *

NP

- 6-9-95

Branch

Comerica Bank-Illinois
F r a n k l i n Park, Illinois
4929 West L a w r e n c e Av e n u e
Chicago, Illinois*

NP

- 6-2-95

EFT

Comerica Bank
Detroit, M i c h i g a n
C o m e r i c a P o l i c e Depa r t m e n t
11th P r e c i n c t
511 East N e v a d a
Detroit, M i c h i g a n *

NP

- 5-27-95

EFT

Comerica Bank
Detroit, M i c h i g a n
K r o g e r Store, W e s t b o r n Mall
43001 M i c h i g a n A v e n u e
Dearborn, M i c h i g a n *

NP

- 5-27-95




Federal Reserve Bank of Chicago
S e c t i o n I - A p p l i c a t i o n s S u bject
Notice Only

to N e w s p a p e r

Comment Period
E n d i n g Dat e

Type

Application

EFT

Comerica Bank
Detroit, M i c h i g a n
De t r o i t Poli c e D e p a r t m e n t
12th Preci n c t
1441 W. 7 M i l e R o a d
Detroit, M i c h i g a n *

Merger/'Branch

First Sour c e B a n k
S o u t h Bend, Indi a n a
1st Source B a n k of S t arke C o u n t y
Hamlet, Indiana & e s t a b l i s h b r a n c h e s at
19 West Davis Street
Hamlet, Indiana
1904 S. H e a t o n
Knox, Indiana

NP

- **

Membership

Central Trust and S a vings B a n k
Cherokee, Iowa
To b e come a m e m b e r of the Federal Reserve
System

NP

- **

Branch

Fort M a d i s o n B a n k & Trust C o m p a n y
Fort Madison, Iowa
H y -Vee Food Store
2606 A v e n u e L
Fort Madison, Iowa

NP

- **

Merger/Branch

O l d Kent Bank
G r a n d Rapids, M i c h i g a n
First N a t i o n a l Bank in M a c o m b C o u n t y
Mount Clemens, M i c h i g a n &
e s t a b l i s h 15 b r a n c h e s

NP

- 4-21-95




NP

- 5-27 - 9 5

Federal Reserve Bank of Chicago
S e c t i o n II - A p p l i c a t i o n s Subject to B o t h N e w s p a p e r and Federal
Register Notice

C o mment Pe r i o d
E n d i n g Date

Type

Application

Y-2

State Financial Services C o r p o r a t i o n
Hal e s Corners, W i s c o n s i n
W a t e r f o r d Bancshares, Inc.
Waterford, W i s c o n s i n
Waterford Bank
Waterford, W i s c o n s i n

FR - 5-8-95
NP - 5-22-95

Reg K

Cais s e N a t i o n a l e De Credit A g r i c o l e
Paris, France
to e s t a b l i s h a R e p r e s e n t a t i v e Of f i c e
in H o u s t o n Texas

FR - **
NP - **

Y-2

Milford Bancorporation
Milford, Iowa
Ocheyedan Bancorporation
Ocheyedan, Iowa
O c h e y e d a n S avings Ban k
Ocheyedan, Iowa&

FR - 6-8-95
NP - 5-22-95

Y-2

P a n h a n d l e Aviation, Inc.
Clarinda, Iowa
E s s e x Iowa Bancorporation, Inc.
Essex, Iowa
First Nat i o n a l B a n k of E s s e x
Essex, Iowa*

FR - 6-8-95
NP - 6-10-95

CoC-HC

Delhi Bancshares, Inc.
Delhi, Iowa
B y B e r n a r d D . Co o p e r

FR - 6-6-95

Y-l

Fou r s q u a r e Cornerstone, Inc.
Brookfield, W i s c o n s i n
C o r nerstone Ban k
Brookfield, W i s c o n s i n (in organization)

FR - 6-16-95

CoC-HC

H u x l e y Banc o r p
Huxley, Iowa
B y W i l l i a m A.

FR - 6-8-95
NP - **




M oore

Federal Reserve Bank of Chicago
S e c t i o n III

- A p p l i c a t i o n s S u b j e c t to F e d e r a l R e g i s t e r
Notice Only

C o m m e n t Pe r i o d
E n d i n g Date

Type

Application

4 (c) (8)

Royal Bancshares, Inc.
Elroy, W i s c o n s i n
to engage de novo in insur a n c e a g e n c y
a c t i v i t i e s th r o u g h its subsidiary, R o y a l
Insurance Services, Elroy, W i s c o n s i n

4 (c) (8)

St. Francis Capital C o r p o r a t i o n
FR - **
Milwaukee, W i s c o n s i n
to engage in the sale of a n n u i t i e s t h r o u g h
its subsidiary, St. F r ancis I n s u r a n c e S e r v i c e s
Corp., Milwaukee, W i s c o n s i n

4 (c) (8)

A m c o r e Financial
FR - 5-24-95
Rockford, Illinois
to engage in the p r o v i s i o n s of c h e c k g u a r a n t y
s ervices t hrough it subsidiary, R o c k f o r d
M e r c a n t i l e Agency, Inc., Rockford, I l l i n o i s

4 (c) (8)

First N ational C o m p a n y
St o r m Lake, Iowa
to engage in the b u s i n e s s of a b s t r a c t i n g




FR

FR

- 5-15-95

* *

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

Type-

Application

N
- Newspaper
FR - F e deral R e g i s t e r
* - S u bject to P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t A c t
★ * - Not a v a i l a b l e at this time




A V A I L A B I L I T Y OF C R A P U BLIC E V A L U A T I O N S
The f o l l o w i n g state m e m b e r b a n k s have b e e n e x a m i n e d b y the F e d e r a l R e s e r v e
Bank of Chicago for compliance w i t h the CRA.
The 3 0 -day b u s i n e s s d a y p e r i o d
the bank has to make the e v a l u a t i o n publ i c has l a p s e d d u r i n g the w e e k e n d i n g
M a y 19, 1995.
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 the e v a l u a t i o n
document, p l e a s e co n t a c t the bank(s) directly.
I d e n t i f i c a t i o n of R a t i n g s
O-An institution in this group has an o u t s t a n d i n g r e c o r d of, a n d is a le a d e r
in,
a s c e r t a i n i n g a n d h e l p i n g to meet the credit n e e d s of
its en t i r e
delineated community, including low- and m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a
m a n n e r co n s i s t e n t w i t h its r e s o u r c e s and capabilities.
S-An institution in this group has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g an d
he l p i n g to meet
the c r edit needs of its entire d e l i n e a t e d community,
including low- and m o d e r ate-income neighborhoods, in a m a nner c o n s i s t e n t w i t h
its resources and c a p a bilities.
N I - A n i n s t i t u t i o n in this g r o u p needs to improve its o v erall r e c o r d of
a s c e r t a i n i n g and h e l p i n g to m e e t the credit needs of its e n tire d e l i n e a t e d
community, i n c l u d i n g low- and m o d e r a t e - i n c o m e n eighborhoods,
in a m a n n e r
c o n s istent with, its r e s o u r c e s and capabilities.
SN-An i n s t i t u t i o n in this g r o u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of
a s c e r t a i n i n g and h e l p i n g to meet the credit needs of its e n tire d e l i n e a t e d
community, i n c l u d i n g low- and m o d e r a t e - i n c o m e n eighborhoods,
in a m a n n e r
consistent w i t h its r e s o u r c e s and capabilities.
BANK N A M E / L O C A T I O N

E X A M I N A T I O N DATE

RATINGS

-OMNIBANK
10474 West J e f f e r s o n A v e n u e
River Rouge, M i c h i g a n
48218
(313) 843-8850

1/23/95

S

-Bank of Pontiac
300 West W a s h i n g t o n
Pontiac, Illinois
(815) 844-6155

1/30/95

S




61764

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING MAY 19, 1995

A p p Iication

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

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
End of Comment Period

App Iication
None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
App Iication
End of Comment Period
None.

*This application is subject to CRA.




FED ER A L R ESE R V E BANK O F ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f 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 o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record 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.
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 o f its entire delineated community, including tow- 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank
Citizens Bank




May 19, 1995

Bank Address
P. 0. Box 205
Hartford, KY

Examination
Date
2-13-95

Examination
Rating
Satisfactory

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
E n d i n g D ate

Application
D a c o t a h Banks Inc., Aberdeen,
ac q u i r e H u r o n Tit l e Company,
Huron, SD

SD,

to

M a y 27,

1995

FEDERAL RESERVE BANK OF MINNEAPOLIS
Se c t i o n II - A p p l i c a t i o n s S u bject to B o t h
N e w s p a p e r and Federal R e g i s t e r N o t i c e
Comment Period
Application
E n d i n g Date
S e c u r i t y N o r t h w e s t Bancorporation, Inc.,
Bloomington, MN, to a c quire 100% of the
(Federal Register)
v o t i n g shares of The H i g h l a n d Bancorporation,
Inc., Bloomington, MN*

J u n e 16,

L a r r y F. Ness to a c q u i r e 45.78% of the
v o t i n g shares of First D a k o t a F i nancial
(Federal Register)
Corporation, Yankton, SD

M a y 22,

1995

First D a k o t a Finan c i a l C o r p o r a t i o n Emp l o y e e
Sto c k O w n e r s h i p Plan, Yankton, SD to acqu i r e
(Federal Register)
26.08% of the v o t i n g shares of First Da k o t a
Finan c i a l Corporation, Yankton, SD*

J u n e 1,

1995

Application
NONE.

*Subiect to CRA




1995

Se c t i o n III - A p p l i c a t i o n s Subj e c t
to F e der al R e g i s t e r N o t i c e O n l y
Comment Period
E n d i n g D ate

FEDERAL RESERVE BANK OF MINNEAPOLIS
Se c t i o n IV - A p p l i c a t i o n s N o t Su b j e c t to
F e deral R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e
Application
First D a k o t a F i n a n c i a l Corporation,
Yankton, SD, to r e d e e m 47.96 of its
v o t i n g c o mmon s h a r e s .
Citizens B a n c s h a r e s of Woodville,
Inc., Woodville, WI to r e d e e m 66.86%
of its p r e f e r r e d s h a r e s .
M&I B a n k of Ashland,
Ashland, WI for p r i o r a pproval to
beco m e a m e m b e r of the Federal R e s e r v e S y s t e m




FEDERAL RESERVE BANK OF MINNEAPOLIS
S e c t i o n V - A v a i l a b i l i t y of
C R A Public E v a l u a t i o n s

week ending May 19, 1995
A S S I G N M E N T OF R A T I N G
I d e n t i f i c a t i o n of Rati n g s
In c o n n e c t i o n w i t h the a s s e s s m e n t of each i n s u r e d d e p o s i t o r y
i n s t i t ution's C R A performance, a r a t i n g is a s s i g n e d from the
following groups:
O U T S T A N D I N G R E C O R D OF M E E T I N G C O M M U N I T Y C R E D I T NEEDS.
A n i n s t i t u t i o n in this g r o u p has an o u t s t a n d i n g r e c o r d of,
a n d is a leader in, a s c e r t a i n i n g a n d h e l p i n g to m e e t the
credit needs of its enti r e d e l i n e a t e d community, i n c l u d i n g
low- a n d m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r
c o n s i s t e n t w i t h its r esou r c e s a n d capabilities.
S A T I S F A C T O R Y R E C O R D OF M E E T I N G C O M M U N I T Y C R E D I T NEEDS.
A n i n s t i t u t i o n in this g r o u p has a s a t i s f a c t o r y r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r edit nee d s of its
enti r e d e l i n e a t e d community, i n c l u d i n g low- a n d m o d e r a t e income neighborhoods, in a m a n n e r c o n s i s t e n t w i t h its
r e s o u r c e s a n d capabilities.
N E E D S TO IM P R O V E R E C O R D OF M E E T I N G C O M M U N I T Y C R E D I T NEEDS.
A n i n s t i t u t i o n in this g r o u p needs to im p r o v e its overall
r e c o r d of a s c e r t a i n i n g a n d h e l p i n g to m e e t the cred i t needs
of its e n tire d e l i n e a t e d community, i n c l u d i n g low- a n d
m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s and capabilities.
S U B S T A N T I A L N O N C O M P L I A N C E IN M E E T I N G C O M M U N I T Y C R E D I T NEEDS.
A n i n s t i t u t i o n in this g r o u p has a s u b s t a n t i a l l y d e f i c i e n t
r e c o r d of a s c e r t a i n i n g and h e l p i n g to m e e t the c r e d i t needs
of its e n tire d e l i n e a t e d community, i n c l u d i n g l o w - a n d
m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r c o n s i s t e n t w i t h
its r e s o u r c e s a n d capabilities.

B A N K (S ) E X A M I N E D

State B a n k of T e r r y
Post O f f i c e B o x 6
Terry, M T 59349-0006
(406) 637-5591




D A T E OF E X A M I N A T I O N

F e b r u a r y 14,

1995

CRA RATING

Satisfactory

Federal Reserve Bank o f Kansas City

SECTIO N I - A PPLICA TIO N S SUBJECT TO N EW SPA PER N O T IC E ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.

SECTIO N II - APPLICA TIO N S SU BJECT TO B O TH
N EW SPA PER AND FED ERA L R E G ISTER N O TIC E
APPLICATION

COMMENT PERIOD ENDING DATE

Whitcorp Financial Company, Leoti, Kansas, for
prior approval to acquire 100 percent of the voting
shares of Western Bancorp, Inc., Garden City,
Kansas.*

June 16, 1995

John R. Suderman, Gwen Suderman, James H.
Suderman and Francis G. Suderman, all of Newton,
Kansas, to each acquire an additional 14.00 percent
of the voting shares of Midland Financial
Corporation, Newton, Kansas.

Not Available

Aspen Bancshares, Inc., Aspen, Colorado, for prior
approval to acquire 100 percent of the voting shares
of Val Cor Bancorporation, Inc., Cortez, Colorado.5
1

Not Available

'f

SEC TIO N III - A PPLICA TIO N S SUBJECT TO FED ERA L R E G IS T E R N O TIC E
ONLY
APPLICATION
None.




COMMENT PERIOD ENDING DATE

Federal Reserve Bank o f Kansas City

SECTIO N IV - A PPLICA TIO N S N O T SU BJECT TO FED ER A L R E G IS T E R N O T IC E
OR N EW SPA PER N O TIC E
APPLICATION
American Bancshares, Inc., Baxter Springs, Kansas,
for prior approval to redeem 348 shares of
outstanding common stock.

Not Available

SEC T IO N V - AVAILABILITY O F CRA PUBLIC EVALUATIONS
Identification of R atings
In connection with the assessment of each insured depository institution’s CRA performance, a
rating is assigned from the following groups:
O utstanding record of m eeting com m unity credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of m eeting com m unity 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 im prove record of m eeting com m unity 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 noncom pliance in m eeting com m unity 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.




Federal Reserve Bank of Kansas City

Bank/Location

Exam Date

CRA Public
Date

Webb City Bank
P.O. Box 510
Webb City, Missouri 64870-0510

02-13-95

05-15-95

Satisfactory

Bank of Garber
P.O . Box 668
Garber, Oklahoma 73738-0668

02-21-95

05-19-95

Needs to Improve

*Application is subject to CRA.




CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 15, 1995

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

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

APPLICATION
Change in Control Notice by
Jon Black, Crowell, TX, to acquire an interest in
Crowell Bancshares, Inc., Crowell, TX
(Previously reported during the week of 4-24-95)
*Section 3(a)(3) application by
Southern Bancshares, Inc., Houston, TX, to acquire
First State Bank Brazoria, Brazoria, TX (de novo)
(Previously reported during the week of 4-17-95; had
to republish)

95/05/24

95/06/01

♦Section 3(a)(1) application by
Andrews Bancshares, Inc., Andrews, TX, to acquire
Andrews Delaware Financial Corporation, Dover, DE, and
National Bank of Andrews, Andrews, TX

N/A

♦Section 3(a)(1) application by
Andrews Delaware Financial Corporation, Dover, DE,
to acquire National Bank of Andrews, Andrews, TX

N/A

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




NOTICE EXP

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

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF NAY 15. 1995

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

Bank
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 5/19/95
Section I - Applications Sub.iect to Newspaper Notice Only
Application

Comment Period Ending Date

The Bank of Casa Grande Valley, Casa Grande,
Arizona, to establish a branch office at
121 W. Second Street, Casa Grande, Arizona. *

Newspaper:

6/17/95

Westamerica Bank, San Rafael, California, to
merge with Novato National Bank, Novato,
California. *

Newspaper:

6/12/95

Westamerica Bank, San Rafael, California, to
acquire the assets and assume the liabilities of
the Point Arena, California, branch of Bank of
America NT&SA, San Francisco, California. *

Newspaper:

Not available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Michael J. Corliss, Sumner, Washington, to
acquire 14.10 percent of Valley Bancorporation,
Sumner, Washington. *

Newspaper:

Not available

Fed. Reg.:

Not available

Martin T. Hart, Denver, Colorado, James K.
Schuler, Honolulu, Hawaii, G. Mitchell Morris,
Salt Lake City, Utah, Jon A. Salquist, Portland,
Oregon, Allen C. Barbieri and Doug L. Keller, to
collectively acquire an additional 54.49 percent
of PNB Financial Group, Newport Beach, California. *

Newspaper:

Not available

Fed. Rea.:

Not available

Section III -Applications Sub.iect to Federal Register Only
Sierra Tahoe Bancorp, Truckee, California, to
engage de novo in making or acquiring loans or
other extensions of credt, directly or for the
account of others.

Fed. Rea.:

6/05/95

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA.



FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week ending 5/19/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending May 19, 1995.
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
following
four ratings:

is assigned one of the

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 noncomol1ance 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