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ANNOUNCEMENT BOARD OF GOVERNORS OF THB FEDERAL RESERVE SYSTEM H.2, 1992, No. 21 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending May 23, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Participation in deliberations by the National Advisory Council on International Monetary and Financial Policies of the 1990 Commodity Credit Corporation program for Iraq — statement by Governor Kelley before the House Committee on Banking* Finance and Urban Affairs* May 21* 1992. Published, May 21, 1992. Mortgage Refinancing Reform Act of 1992 — statement by Governor Lindsey before the Subcommittee on Consumer Affairs and Coinage of the House Committee on Banking* Finance and Urban Affairs, May 27, 1992. Authorized* May 21* 1992. BANK HOLDING COMPANIES Comerica Incorporated* Detroit* Michigan — to acquire Manufacturers National Corporation; Manufacturers Bank* N.A.; Manufacturers National Bank of Ann Arbor* Ann Arbor; Affiliated Banc Group* Inc.* Morton Grove* Illinois; Affiliated Bank* Franklin Park* Illinois; Stanford State Bank* Stanford* Illinois; and for Comerica Bank* Detroit* Michigan* to merge with Manufacturers Bank* N.A. Approved* May 18* 1992. F.S.B.* Inc.* Superior* Nebraska — to acquire Hardy Insurance Agency* Inc.* Hardy* Nebraska* and Hardy State Bank* and for Farmers State Bank & Trust Company of Superior* Superior* Nebraska* to merge with Hardy State Bank* and to establish a branch. Approved* May 21, 1992. National City Corporation* Cleveland* Ohio — to engage in private placement and other nonbanking activities through Reserve Capital Group Limited Partnership. Approved* May 18* 1992. H .2 MAY 18, 1992 PAGE 2 TO MAY 22, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANKS, STATE MEMBER First Independence Bank of Florida, Fort Myers, Florida — written agreement with the Federal Reserve Bank of Atlanta, and the State Comptroller and Banking Commissioner of the State of Florida. Announced, May 18, 1992. FORMS Bank Holding Company Reporting Requirements (FR Y-9C) — interim revisions to the March 31, 1992, Consolidated Statements For Bank Holding Companies With Total Consolidated Assets Of $150 Millions Or More, Or With More Than One Subsidiary Bank. Approved, May 21, 1992. MEMBERSHIP Barnett Banks, Inc., Jacksonville, Florida — twenty subsidiary banks to become members of the Federal Reserve System. Approved, May 18, 1992. REGULATIONS AND POLICIES Regulations 0 and Y — revised effective date of amendments to conform the regulations to amendments to the Federal Reserve Act contained in section 306 of the Federal Deposit Insurance Corporation Improvement Act of 1991. New effective date May 18, 1992 (Docket R-0747). Approved, May 20, 1992. H .2 MAY 18, 1992 PAGE 3 TO MAY 22, 1992 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 Dallas Central Bank, Monroe, Louisiana — to establish a branch at 2348 Sterlington Road, Monroe, Louisiana. Approved, May 18, 1992. Dallas Silsbee State Bank, Silsbee, Texas — to establish a branch at 112 W. Highway 105, Sour Lake, Texas. Approved, May 19, 1992. BANK HOLDING COMPANIES Chicago Amcore Financial, Inc., Rockford, illinois — to acquire Dixon Bancorp, Inc., Dixon, Illinois, and The Dixon National Bank. Returned, May 18, 1992. Chicago Capitol Bancorp, Ltd., Lansing, Michigan -- to acquire Oakland Commerce Bank, Farmington Hills, Michigan. Approved, May 22, 1992. Atlanta Central Bancshares of The South, Inc., Birmingham, Alabama — to establish branches at 5990 Chaulkville Mountain Road; Lakeshore Drive and Wildwood Parkway; and 1420 McFarland Boulevard, Northport, Alabama. Approved, May 22, 1992. Atlanta Central Bancshares of The South, Inc., Birmingham, Alabama — request to acquire Interstate Bancshares, Inc., Houston, Texas, Interstate Bank North; Compass Bancshares, Inc., Birmingham, Alabama, and River Oaks Bancorporation, Wilmington, Delaware. Waived, May 22, 1992. Chicago Cole - Taylor Financial Group, Inc., Wheeling, Illinois — to acquire Centre Capital Funding Corp. Evanston, Illinois. Returned, May 22, 1992. H .2 MAY 18, 1992 PAGE 4 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Comerica Incorporated, Detroit, Michigan -- to acquire 100 Talon Centre Associates Limited Partnership and engage in leasing activities. Approved, May 19, 1992. Atlanta Community Bancshares, Inc., Blountsville, Alabama — to acquire City and County Bank of McMinn County, Athens, Tennessee. Approved, May 22, 1992. Atlanta Community Trust Financial Services Corporation, Hiram, Georgia — to engage de novo in real estate and personal property appraising activities through Metroplex Appraisals, Inc. Permitted, May 21, 1992. Secretary First Bank System, Inc., Minneapolis, Minnesota — to acquire Siouxland Bank Holding Company, Scottsdale, Arizona, Dakota Bank and Trust Company of Fargo, Fargo, North Dakota, and First National Bank of Hettinger, Hettinger, North Dakota, Dakota First Trust Co., Fargo, North Dakota, and Dakota Data Processing, Inc. Approved, May 19, 1992. Dallas ~ H.M.S. Holdings, Inc., San Antonio, Texas — acquire Castle Hills National Bank. Returned, May 20, 1992. Secretary Meridian Bancorp, Inc., Reading, Pennsylvania — acquire C.A.S.E. Management, Inc., Malvern, Pennsylvania. Approved, May 18, 1992. Chicago NBD Bancorp, Inc., Detroit, Michigan, and NBD Indiana, Inc. — to acquire Summcorp, Fort Wayne, Indiana, and Summit Bank; Summit Bank of Clinton County, Frankfort; Summit Bank of Indianapolis, Indianapolis; Summit Bank of Marion, Marion; Summit Bank of Muncie, Muncie; Summit Bank of South Bend, South Bend; Decatur Financial, Inc., Decatur; Decatur Bank and Trust Company, and Summcorp Financial Services, Inc., Fort Wayne, Indiana. Approved, May 20, 1992. to to H .2 MAY 18, 1992 PAGE 5 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Northwest Bancorporation, Inc., Houston, Texas -- to acquire South Main Bank. Approved, May 20, 1992. Dallas Overton Delaware Corporation, Dover, Delaware -- to acquire First State Bank, Overton, Texas. Approved, May 20, 1992. Director, BS&R Southern National Corporation, Lumberton, North Carolina — proposal that Southern National Bank of North Carolina, acquire certain assets and assume certain liabilities of First Security Savings & Loan Association, Inc., Pinehurst, North Carolina. Approved, May 22, 1992. Director, BS&R SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of Georgia, Inc., Roswell, Georgia -- to merge SouthTrust Bank of Georgia, N.A., Atlanta, Georgia, and SouthTrust Bank of Georgia, Roswell, Georgia. Approved, May 22, 1992. Kansas City Tampa State Bankshares, Inc., Tampa, Kansas — engage de novo in lending activities. Permitted, May 18, 1992. New York Tiger Management Corporation, New York, New York, and Panther Management Corporation — to acquire shares of Bankers Corp., Perth Amboy, New Jersey. Returned, May 20, 1992. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Approved, May 19, 1992. to extensions to BANK MERGERS Kansas City Mercantile Bank of Kansas City, Kansas City, Missouri — to merge with American Bank, and American Bank of Platte County, and to establish branches. Approved, May 18, 1992. H .2 MAY 18, 1992 PAGE 6 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Secretary Meridian Bank, Reading, Pennsylvania -- request to amend proposal to purchase certain assets and assume certain liabilities of Equibank, Pittsburgh, Pennsylvania. Granted, May 18, 1992. BANK PREMISES Kansas City Bank of Boulder, Boulder, Colorado -- investment in bank premises. Approved, May 19, 1992. Cleveland Farmers Bank & Savings Company, Pomeroy, Ohio -investment in bank premises. Approved, May 22, 1992. Kansas City Mercantile Bank of Kansas City, Kansas City, Kansas - investment in bank premises. Approved, May 18, 1992. Minneapolis North Shore Bank of Commerce, Duluth, Minnesota — investment in bank premises. Approved, May 21, 1992. Chicago Old Kent Bank - Southwest, Kalamazoo, Michigan — investment in bank premises. Approved, May 18, 1992. San Francisco Oregon Pacific Banking Company, Florence, Oregon -investment in bank premises. Approved, May 18, 1992. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco Shearson Lehman Mortgage Corporation, Irvine, California — registration statement. Withdrawn, May 19, 1992. H .2 MAY 18, 1992 PAGE 7 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Director, BS&R F & M Bank - Winchester, Winchester, Virginia — registration as transfer agent. Approved, May 20, 1992. CAPITAL STOCK S t . Louis CBX Corporation, Carrollton, Illinois — of shares. Approved, May 22, 1992. redemption CHANGE IN BANK CONTROL Kansas City Banking Group, Ltd., Castle Rock, Colorado — in bank control. Permitted, May 22, 1992. change Dallas First White Oak Bancshares, Inc., White Oak, Texas — change in bank control. Returned, May 19, 1992. Dallas FirstBank Group, Inc., Los Fresnos, Texas — in bank control. Permitted, May 22, 1992. Dallas JBI Financial Corporation, Jena, Louisiana — in bank control. Returned, May 22, 1992. Atlanta Terrace Bank of Florida, Temple Terrace, Florida — change in bank control. Permitted, May 18, 1992. change change COMPETITIVE FACTORS REPORTS Richmond American Commercial Savings Bank, Inc., SSB, Monroe, North Carolina, proposed merger with New American Commercial Savings Bank, Inc. — report on competit ive factors. Submitted, May 20, 1992. Kansas City American National Bank of Sarpy County, Papillion, Nebraska, proposed acquisition of the assets and assumption of the liabilities of Brentwood Bank, La Vista, Nebraska — report on competitive factors. Submitted, May 22, 1992. H.2 MAY 18, 1992 PAGE 8 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta AmTrade International Bank of Florida, Miami, Florida, proposed purchase of certain assets and assumption of certain liabilities of AmTrade International Bank of Georgia, Atlanta, Georgia — report on competitive factors. Submitted, May 18, 1992. Atlanta AmTrade International Bank of Georgia, Atlanta, Georgia, proposed merger with First American International Bank, Miami, Florida — report on competitive factors. Submitted, May 18, 1992. Philadelphia Bank of Delaware, Wilmington, Delaware, proposed merger with Clayton Bank and Trust Company, Clayton, Delaware — report on competitive factors. Submitted, May 18, 1992. San Francisco Bank of Hemet, Hemet, California, proposed merger with Inland Savings and Loan Association — report on competitive factors. Submitted, May 18, 1992. San Francisco Bank of Hemet, Riverside, California, proposed merger with Hemet Bancorp — report on competitive factors. Submitted, May 20, 1992. Chicago Bank of Homewood, Homewood, Illinois, proposed purchase of the assets and assumption of the liabilities of Community Bank of Homewood Flossmoor — report on competitive factors. Submitted, May 20, 1992. Kansas City Bank of Oklahoma, N.A., Tulsa, Oklahoma, proposed merger with Bank of Oklahoma, N.A., South, Oklahoma City, Oklahoma — report on competitive factors. Submitted, May 18, 1992. San Francisco Financial Factors Limited, Honolulu, Hawaii, proposed assumption of certain liabilities of Paradise Finance, Inc. — report on competitive factors. Submitted, May 20, 1992. H .2 MAY 18, 1992 PAGE 9 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco First Federal Savings Bank, Salt Lake City, Utah, proposed purchase of assets and assumption of liabilities of two branches of First Charter Savings Bank, dba-Heritage Savings Bank, St. George, Utah — report on competitive factors. Submitted, May 18, 1992. Dallas First National Bank, Bonham, Texas, proposed merger with First National Bank, Cushing, Texas -- report on competitive factors. Submitted, May 18, 1992. Minneapolis First National Bank, Minot, North Dakota, proposed merger with The First National Bank of Bowbells, Bowbells, North Dakota -- report on competitive factors. Submitted, May 22, 1992. Kansas City First National Bank & Trust Company, Ponca City, Oklahoma, proposed merger with American National Bank — report on competitive factors. Submitted, May 21, 1992. Dallas First National Bank of Gun Barrel City, Gun Barrel City, Texas, proposed merger with The First National Bank of Athens, Athens, Texas — report on competitive factors. Submitted, May 22, 1992. Atlanta First National Bank of LaFayette, LaFayette, Louisiana, proposed merger with New First National Bank of LaFayette — report on competitive factors. Submitted, May 18, 1992. Chicago First of America Bank - Springfield, Springfield, Illinois, proposed merger with First National Bank of Petersburg, Petersburg, Illinois — report on competitive factors. Submitted, May 21, 1992. New York Great Falls Bank, Totowa, New Jersey, proposed merger with Bergen Commercial Bank, Paramus, New Jersey — report on competitive factors. Submitted, May 19, 1992. H .2 MAY 18, 1992 PAGE 10 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS S t . Louis Mercantile Bank of North Central Missouri, Macon, Missouri, proposed purchase of certain assets and assumption of certain liabilities of the Merceline branch of American Bank of North Central Missouri, Trenton, Missouri — report on competitive factors Submitted, May 20, 1992. San Francisco Metropolitan Federal Savings and Loan Association of Seattle, Seattle, Washington, proposed purchase of assets arid assumption of liabilities of the Tacoma branch of First Western Savings Association of Wenatchee, Wenatchee, Washington — report on competitive factors. Submitted, May 20, 1992. S t . Louis Rockwood Interim Bank, Eureka, Missouri, proposed merger with Rockwood Bank — report on competitive factors. Submitted, May 18, 1992. S t . Louis Scott City Bank and Trust Company, Scott City, Missouri, proposed merger with Security Bank of Bollinger County, Marble Hill, Missouri — report on competitive factors. Submitted, May 20, 1992. Chicago Society Bank, Indiana, South Bend, Indiana, proposed merger with Ameritrust National Bank, Michiana, Elkhart; Ameritrust Bank, Howard County, Kokomo; and Indiana and Ameritrust National Bank, Central Indiana, Indianapolis, Indiana — report on compet it ive factors. Submitted, May 21, 1992. San Francisco West One Bank, Oregon, Portland, Oregon, proposed purchase of certain assets and assumption of certain liabilities of Bank of America Oregon — report on competitive factors. Submitted, May 22, 1992. H .2 MAY 18, 1992 PAGE 11 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco West One Bank, Washington, Bellevue, Washington, proposed purchase of certain assets and assumption of certain liabilities of Security Pacific Bank Washington, National Association, Seattle, Washington and Security Pacific Savings Bank, Tacoma, Washington — report on competitive factors. Submitted, May 22, 1992. EXTENSIONS OF TIME Kansas City Bank of Belen, Belen, New Mexico — extension to July 20, 1992, to accomplish membership in the Federal Reserve System. Granted, May 18, 1992. San Francisco BankAmerica Corporation, San Francisco -- extensions to divest certain properties. Granted, May 19, 1992. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, May 19, 1992. Richmond BB&T Financial Corporation, Wilson, North Carolina extension to August 25, 1992, to acquire Peoples Federal Savings Bank of Thomasville, Thomasville, North Carolina. Granted, May 18, 1992. Minneapolis CFB Acquisition Corp., Fargo, North Dakota, and Community First Bankshares, Inc. — extension to February 20, 1992, to acquire First Interstate of North Dakota. Granted, May 18, 1992. Cleveland Fifth Third Bank, Columbus, Ohio — extension to June 12, 1993, to establish a branch at Pinecrest Center, Cleveland Avenue. Granted, May 21, 1992. H .2 MAY 18, 1992 PAGE 12 TO MAY 22, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Atlanta PBA Financial Corporation, Mobile, Alabama — extension to August 26, 1992, to acquire Peoples Bancshares, Inc., Elba, Alabama, and The Peoples Bank. Granted, May 22, 1992. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Granted, May 19, 1992. San Francisco Wells Fargo & Company, San Francisco, California — extensions to divest certain properties. Granted, May 19, 1992. extensions to REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee — meeting of March 31, 1992. Published, May 22, 1992. policy record for RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Atlanta — computer equipment. Approved, May 18, 1992. to purchase RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Atlanta — to offer an off peak MICR service at a reduced per item fee at the Birmingham and New Orleans Branches. Approved, May 20, 1992. Director, FRBO Federal Reserve Bank of St. Louis — premium country group sort. Approved, May 18, 1992. to offer a ADDITIONS AND CORRECTIONS H .2 MAY 18, 1992 TO MAY 22, 1992 PAGE 13 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC S t . Louis Citizens Fidelity Bank and Trust Company, Louisville, Kentucky — to establish a branch at U.S. 42 and U.S. 22. Approved, May 15, 1992. BANK MERGERS San Francisco Caliber Bank, branches of branches of Approved, May Phoenix, Arizona — to purchase 30 Bank of America Arizona, and 10 Security Pacific Bank Arizona. 15, 1992. BANK PREMISES S t . Louis Citizens Fidelity Bank and Trust Company, Louisville, Kentucky — investment in bank premises. Approved, May 15, 1992. Minneapolis Marquette Bank New Prague, New Prague, Minnesota — investment in bank premises. Approved, May 15, 1992. EXTENSIONS OF TIME Minneapolis Henning Bancshares, Inc., Henning, Minnesota — extension to August 27, 1992, to acquire Battle Lake Bancshares, Inc., Battle Lake, Minnesota. Granted, May 12, 1992. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Richmond — Approved, May 15, 1992. renovation. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Donna A., Gerald L., Newspaper 06-09-92 William A . , Margaret A. Hopkins and Amy Hopkins Blaylock - Change in Federal Register 06-09-92 Bank Control notification to acquire 24% of the outstanding stock of Andover Bancorp, Andover, Massachusetts SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE ♦Subject to CRA "N" Rating** Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ George Gale Foster Corporation, Poughkeepsie, New York and Fishkill National Corporation, Beacon, New York through their subsidiary, The Fishkill National Bank, Fishkill, New York, to acquire certain assets and assume certain deposit liabilities of the Route 82 and 376, Hopewell Junction, New York branch of First Nationwide Bank, A Federal Savings Bank, San Francisco, California.!/ 6/10/92 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Long Term Credit Bank of Japan, Limited, Tokyo, Japan, to engage through its subsidiary, Greenwich Capital Markets, Inc., Greenwich, Connecticut, in private placement and riskless principal activities, full service securities brokerage, in trading foreign exchange forward, futures, options and options on futures transactions for purposes other than hedging, and providing FCM execution and clearance services with respect to futures contracts traded on major exchanges. 6/5/92 Skandinaviska Enskilda Banken, Stockholm, Sweden, through its wholly owned subsidiary, Enskilda Securities Inc., New York, New York, to act as agent in the private placement of all types of securities, including providing related advisory services and to buy and sell all types of securities on the order of investors as a riskless principal. 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 Mav 18. 1992 NAME OF BANK RATING EXAMINATION DATE First State Bank 3 Main Street Canisteo, N.Y. 14823 Satisfactory December 16, 1991 Manufacturers & Traders Trust Company One M&T Plaza Buffalo, N.Y. 14240 Outstanding June 24, 1991 1/ 2J 1/ 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 Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act * N/A - not yet available. FEDERAL R E S E R V E 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 22. 1992. 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 None. CRA Rating Federal R e s e r v e B a n k of C l e v e l a n d A p p lic a tio n s B u lle tin F o r W eek E n d in g May 2 3 , 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received application from Fifth Third Bank, Columbus, Ohio, on May 12, 1992, for permission to establish CBCT branches at 1661 Hilliard-Rome Road, 146 City Center Drive #2, and 1980 North High Street, all in Columbus, Ohio. * Not Yet Known # Received application from The Exchange Bank, Luckey, Ohio, on May 4, 1992, for permission to establish a branch at 940 Clarion Avenue, Holland, Ohio. * Not Yet Known # SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 ( c ) (8) application from National City Corporation, Cleveland, Ohio, on April 3, 1992, to acquire Check Security Services of America, Houston, Texas. June 15, 1992 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Federal Reserve Bank of Richmond Notice Onlv Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, to establish a branch at 211-15 Providence Road, Chesapeake, Virginia.★ 6-22-92 Section II - Applications Subiect to Both Newspaper and Federal Reeister Notice Application Comment Period Ending Date Notice of Change in Control with respect to The Buffalo Bank, Eleanor, West Virginia. Not yet available. Section III - Applications Subiect to Federal Reeister Notice Application Comment Period Ending Date First Security Financial Corporation, Salisbury, North Carolina, to merge with Omni Capital Group, Inc., Salisbury, North Carolina. 6-19-92** Section IV - Applications Not Subiect to Federal Register Notice or Newspaper Notice Application Comment Period Ending Date None. ★Application is subject to CRA requirements. ★★Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending May 22, 1992 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 R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a y 22. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date Brannen Banks of Florida, Inc. Inverness, Florida To redeem 10,968.09 shares (56.5%) of its outstanding common stock, which will effect a change in control by George H. Brannen, II, Joe S. Brannen, and Margaret Hagar, whose ownership will increase to more that 25.0 percent each. First Citizens Bancorp Cleveland, Tennessee To acquire Basin Bancorp, Inc., Ducktown, Tennessee, and thereby indirectly acquire its subsidiary, The Home Bank of Tennessee, Ducktown, Tennessee. Walthall Capital Group, Ltd. Tylertown, Mississippi Change in control by William E. Hathorn and Danny M. Trusty to jointly acquire an additional 43.71 percent of the outstanding shares of common stock to be placed in voting trust. Total direct and indirect ownership will equal 66.13 percent. 05-28-92* Newspaper 06-08-92* Federal Register Not yet available* ♦Subject to Provisions of the Community Reinvestment Act. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a y 22. 1 992 Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Barnett Banks, Inc. Jacksonville, Florida To engage de novo in leasing and acting as agent, broker, or advisor in leasing, real or personal property, pursuant to Section 225.25(b)(5)(i) & (vi) of Regulation Y. Not yet available Barnett Banks, Inc. Jacksonville, Florida To acquire an additional 225,000 shares (7.5%) of class B stock of Southeast Switch, Inc., Maitland, Florida, pursuant to Section 225.25(b)(7) of Regulation Y. Total ownership will equal 15.0 percent. 06-15-92 Commercial Bancorp of Georgia, Inc. Atlanta, Georgia To continue engaging in making and servicing loans, pursuant to Section 225.25(b)(1) of Regulation Y. 06-15-92 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Brundidge Banking Company Brundidge, Alabama Request for increase in bank premises. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a y 22. 1992 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 lowand 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 N e w s p a p e r Notice Only Type A pplication Bran c h First B a n k Nor t h Freeport, Illinois 2470 Eas t r o c k Drive Rockford, Illinois* Type Comment Period Ending Date N - ** Section II - A p p l i c a t i o n s Subject to Both N e w s p a p e r a n d Federal Register Notice Comment Period Ending Date Applic a t i o n Y-l Bancentral Corporation Champaign, Illinois Singer & Associates, Inc. Mattoon, Illinois Central National Bank of Mattoon Mattoon, Illinois* F R - 6-15-92 N - ** Y-2 F.W.S.F. Corporation Milwaukee, Wisconsin Geneva Capital Corporation Lake Geneva, Wisconsin Citizens National Bank of Lake Geneva Lake Geneva, Wisconsin* F R - 6-12-92 N - ** Y-2 Fi r s t a r Corporation Milwaukee, Wisconsin Geneva Capital Corporation Lake Geneva, Wisconsin Citizens National Bank of Lake Geneva Lake Geneva, Wisconsin* FR - 6-12-92 N - ** Y-l Cascade B a n c o r I, Inc. Cascade, Wisconsin Cascade Bancorporation, Altoona, Iowa State B a n k o f Cascade Cascade, Wisconsin o f Wabeno Wabeno, Wisconsin* FR - ** N - ** S t a t e B ank Inc. Federal Reserve Bank of Chicago S e c t i o n III - Applications Subject to Federal R e g i s t e r Notice O n l y Comment P e r i o d Ending Date Type Application Y-4 M i c h i g a n National Corporation Fa r m i n g t o n Hills, Michigan B a n c A Corporation Dallas, Texas (Acquico, Inc., Dallas, Texas) FR - 6-15-92 4(c)(8) N o r t h e r n Illinois Financial Corporation Wauconda, Illinois A m e r i c a n Suburban M o r t g a g e Corporation Waukegan, Illinois FR - ** Section I V - A p p l i c a t i o n s Not Subject to Federal Register or N e w s p a p e r Notice Tvoe Application None N FR * ** - Newspaper Federal R e g i s t e r Subject to P r o v isions of Community Reinvestment Act Not a v a i l a b l e at this time A V A IL A B IL IT Y 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 22, 1992. 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 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. SN-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. BANK NAME/LOCATION -NBD Park Ridge Bank One South Northwest Highway Park Ridge, Illinois 60068 (708) 518-7100 EXAMINATION DATE 1/27/92 RATINGS NI Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MAY 22, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period Section 18(c) application by Citizens Fidelity Bank and Trust Company, Louisville, Kentucky to merge with Citizens Fidelity Bank and Trust Company Oldham County, LaGrange, Kentucky Newspaper: 6-20-92 Section 9 application by Citizens Bank of New Haven, New Haven, Missouri to establish a branch at the intersection of Second and Main Streets, Gerald, Missouri Newspaper: 6-19-92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Change in control notification involving Southeast Arkansas Bank Corporation, Lake Village, Arkansas by Charles Weissinger, Jr., Anne W. Weissinger, Martha W. Weissinger and Margaret W. Wynn Not yet available Section 3(a)(3) application by Bancorp of Mississippi, Inc., Tupelo, Mississippi to acquire Volunteer Bancshares, Inc., Jackson, Tennessee Newspaper: 6-12-92 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Section 24a application by Citizens Bank of New Haven, New Haven, Missouri to make an additional investment in bank premises This application is subject to CRA. Not applicable FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f m eeting com m unity credit needs A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f m eeting com m unity credit needs A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to im prove record o f m eeting com m unity credit needs A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in m eeting com m unity credit needs A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING May 22, 1992 Name o f Bank C itiz e n s Bank Bank Address 230 Main S tre e t H a rtfo rd , Kentucky 42347 E xam ination D ate 2-24-92 Exam ination R ating S a tis fa c to ry 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 Winton Jones Limited Partnership Wayzata, MN To acquire 54% of Anchor Bancorp, Inc., Wayzata, MN, a mbhc owning the Heritage National Bank, North St. Paul, MN; The Bank of Saint Paul, St. Paul, MN; First National Bank, Wayzata, MN; and the First National Bank of West St. Paul, West St. Paul, MN* Bigfork Bancshares, Inc. Bigfork, MN To acquire 99.2% of the First State Bank of Bigfork, Bigfork, MN* 6-19-92 (Federal Register) Not yet available Section III - Applications Subject to Federal Register Notice Only Application None. * Subject to CRA Comment Period Ending Date FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending May 22, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to 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 None. DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Custer County Bank, Westcliffe, Colorado, for prior approval to merge with The Fountain Branch of Green Mountain Bank, Fountain, Colorado, and incident thereto, to establish a branch under section 9 of the Federal Reserve Act.* COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Stockgrowers State Banc Corporation, Ashland, Kansas, for prior approval to become a bank holding company through the acquisition of 91.1 percent of the outstanding voting shares of Stockgrowers State Bank, Ashland, Kansas.* COMMENT PERIOD ENDING DATE 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. CRA Rating Bank/Location Exam Date CRA Public Date The Jackson State Bank P.O. Box 1788 Jackson, WY 83001-1788 2-18-92 5-21-92 Outstanding Deuel County State Bank P.O. Box 548 Chappell, NE 69129 2-24-92 5-21-92 Outstanding *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 18, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP * Change in Control Notice by James W. Collins, McAllen, TX, to acquire an interest in First McAllen Inter National Bancshares, Inc., McAllen, TX (Previously reported during the week of 4-27-92) Change in Control Notice by Chesley Pruet, El Dorado, AR, to acquire an interest in Continental National Bancshares, Inc., El Paso, TX 92/05/25 N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * 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 MAY 18, 1992 Outstanding record of meeting community credit needs. An institution in this group has an outstanding leader in, ascertaining and helping to meet the entire delineated community, including lowneighborhoods, in a manner consistent with capabi1ities. record of, and is a credit needs of its and moderate-income its resources and Satisfactory record of meeting community credit needs. An institution in this group has asatisfactory 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 5/22/92 Section I - Applications Subject to Newspaper Notice Only A p p Iication Comment Period Ending Date The Farmers Bank of China, Taipei, Taiwan, to establish a limited branch office in Los Angeles, California. Newspaper: 6/12/92 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Putra Masagung, Jakarta, Indonesia, to acquire 64.31 percent of Bank of San Francisco Company Holding Company, San Francisco, California. Newspaper: Not available Fed. Reg.: 6/16/92 West One Bancorp, Boise, Idaho, and West One Bancorp, Washington, Bellevue, Washington, to acquire Yakima Valley Bank, Yakima, Washington. * Newspaper: 6/17/92 Fed. Reg.: Not available Section III - Applications Subject to Federal Register Notice Only Professional Bancorp, Inc., Santa Monica, California, to engage in nonbanking activities through the acquisition of BBH Qualified Plans, Inc., Pasadena, CA. Fed. Reg.: Not available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice First Interstate Overseas Investment, Inc., Los Angeles, California, to amend its articles of association to conform to Section 25A of the Federal Reserve Act. * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.) Week ending 5/22/92 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending May 22, 1992. 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 moderateincome 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
@FedFRASER