View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

H.2, 1996, No. 21
Actions of the Board, its Staff, and
the Federal Reserve Banks;
BOARD OF GOVERNORS
and Reports Kecei
OF THE
u IGC
Applications ana Keporxs Received
FEDERAL RESERV^jjjSKjSTEM32 An bODuring the Week Ending May 25, 1996
ANNOUNCEMENT

RESCAr.Cii L'.SUARY

♦ ♦t
ACTIONS TAKE^

* **t * i
* , \
^^P

j ''
8f

GOVERNORS

BANK HOLDING COMPANIES
Cardinal Bancshares, Inc., Lexington, Kentucky - - to
acquire Five Paces Software, Inc., Atlanta,
Georgia, and engage nationwide in data processing
activities related to providing banking and
financial services over the Internet; and for
Huntington Bancshares Incorporated, Columbus, Ohio,
Wachovia Corporation, Winston-Salem, North
Carolina, and Area Bancshares Corporation,
Owensboro, Kentucky -- to engage in data processing
through Five Paces Software.
Permitted, May 20, 1996.
Huntington Bancshares, Incorporated, Columbus, Ohio,
and National City Corporation, Cleveland, Ohio -requests for exemption from anti-tying
restrictions.
Granted, May 23, 1996.
ENFORCEMENT
Banca Nacionale Dell *Agricultore, Rome, Italy (New
York Branch) -- order of removal and prohibition
against Ricardo Colon, the Controller of the New
York branch of Banca Nacionale.
Announced, May 23, 1996.
Sequor Group, Inc., New York, New York, a former
nonbank subsidiary of Security Pacific Corporation,
Los Angeles, California -- issuance of combined
orders to cease and desist and of assessment of
civil money penalties against Howard S. Miller,
Barry S. Winter and Keith E. Leonard, former
institution-affiliated parties of The Sequor Group.
Announced, May 22, 1996.
INTERNATIONAL OPERATIONS




MBNA America Bank, N.A., Newark, Delaware - - t o make
an investment in MBNA International Bank, Limited,
Chester, England.
Permitted, May 24, 1996.
National City Bank, Cleveland, Ohio - - t o establish
an agreement corporation to be known as National
Trade Services.
Approved, May 20, 1996.

H. 2
MAY 20, 1996
PAGE 2

TO

MAY 24,

1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Capital adequacy -- joint policy statement on sound
practices for managing interest rate risk and how
it will be measured and evaluated for supervisory
purposes (Docket R-0802).
Approved, May 23, 1996.

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




Richmond

Bank of Suffolk, Suffolk, Virginia -- to establish a
branch at 1589 Bridge Road.
Approved, May 24, 1996.

Chicago

DeMotte State Bank, DeMotte, Indiana -- to establish
a branch at 507 South Main Street, Hebron, Indiana,
in connection with an application to purchase and
assume the liabilities of the Hebron, Indiana,
branch of First Chicago/NBD Bank, N.A.,
Indianapolis, Indiana.
Returned, May 21, 1996.

Richmond

Princess Anne Bank, Virginia Beach, Virginia - - t o
establish a branch inside the Super Kmart Center at
the intersection of Holland Road and Windsor Oaks
Road.
Approved, May 24, 1996.

New York

United Jersey Bank, Hackensack, New Jersey -- to
establish a branch at the Pathmark Supermarkets at
River Road and Gorge Road, Edgewater; at 2115 69th
Street, North Bergen; and at 4100 Park Avenue,
Weehawken, New Jersey.
Approved, May 22, 1996.

H.2
M A Y 2-0, 1996
PAGE 3

TO

M A Y 24,

1996

A C T I O N S TAKEN BY THE ST A F F AN D THE F E D E R A L R E S E R V E BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Atlanta

Acadiana Bancshares, Inc., Lafayette, Louisiana -- to
acquire LBA Savings Bank.
Approved, May 23, 1996.

Secretary

Allied Irish Banks, p.l.c., Dublin, Ireland, and
First Maryland Bancorp, Baltimore, Maryland -- to
acquire H. Zirkin Investments, Inc., Washington,
D.C., and M. Cutler Investments, Inc., and engage
in certain investment advisory activities.
Approved, May 23, 1996.

Secretary

Allied Irish Banks, p.l.c., Dublin, Ireland -- to
acquire 1st Washington Bancorp, Inc., Herndon,
Virginia, and Washington Federal Savings Bank, and
engage in operating a savings association
Approved, May 23, 1996.

Minneapolis

Amundson Family Limited Partnership, Sioux Falls,
South Dakota - - t o acquire Beulah Bancorporation,
Inc.
Approved, May 22, 1996.

Chicago

Associated Banc-Corp., Green Bay, Wisconsin, and
Associated Illinois Banc-Corp. - - t o acquire MidAmerica National Bancorp, Inc., Chicago, Illinois,
and Mid-America National Bank of Chicago.
Approved, May 23, 1996.

Chicago

Boscobel Bancorp, Inc., Boscobel, Wisconsin -notification of intent to engage in lending
activities.
Permitted, May 23, 1996.

Minneapolis

Citizens Bank Group, Inc., St. James, Minnesota -- to
acquire Elmore Bancshares, Inc., Elmore, Minnesota.
Approved, May 20, 1996.

Atlanta

CNB, Inc., Lake City, Florida -- request for waiver
of application to merge with Riherd Bank Holding
Company, Lake Butler, Florida, and acquire Farmers
and Dealers Bank, Lake Butler, Florida.
Granted, May 24, 1996.

H. 2
M A Y 20, 1996
PAGE 4

TO

M A Y 24,

1996

A C T I O N S TAKEN BY THE STA F F A ND THE F E D E R A L R E S E R V E BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Director, BS&R

CNB Bancshares, Inc., Evansville, Indiana -- request
for relief from a condition related to the
acquisition of Union Bank and Trust Company,
Morganfield, Kentucky.
Granted, May 23, 1996.

Atlanta

Colonial BancGroup, Inc., Montgomery, Alabama -- to
merge with Commercial Bancorp of Georgia, Inc.,
Lawrenceville, Georgia, and acquire Commercial Bank
of Georgia.
Approved, May 23, 1996.

Minneapolis

Community First Bankshares, Inc., Fargo, North Dakota
-- to acquire Financial Bancorp, Inc., Trinidad,
Colorado.
Approved, May 20, 1996.

Atlanta

Cumberland Bancorp, Inc., Carthage, Tennessee -request for relief from certain commitment relating
to investments of Cumberland Bank.
Granted, May 23, 1996.

Chicago

D & D Bancshares, Inc., Mount Auburn, Iowa -notification of intent to engage in lending
activities.
Permitted, May 29, 1996.

Richmond

FCFT, Inc., Princeton, West Virginia -- to acquire
Citizens Bank of Tazewell, Tazewell, Virginia.
Approved, May 22, 1996.

Chicago

First Northwest Bancorp, Inc., Arlington Heights,
Illinois - - t o acquire First Northwest Bank.
Approved, May 29, 1996.

Chicago

Grand Premier Financial, Inc., Wauconda, Illinois -to acquire Northern Illinois Financial Corporation;
Grand National Bank; Premier Financial Services,
Inc., Freeport; First Bank North; First Bank South,
Dixon; Premier Acquisition Company, Freeport; First
Federal Bank of Northbrook, Northbrook; First
Security Bank of Cary-Grove, Cary; and Premier
Insurance Services, Inc., Warren, Illinois.
Approved, iMay 29, 1996.

H.2
M A Y 20, 1996
PAGE 5

TO

M A Y 29,

1996

A C T I O N S TAK E N BY THE S T A F F A ND THE FE D E R A L R E S E R V E BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Keeco, Inc., Chicago, Illinois -- to acquire North
Illinois Financial Corporation, Wauconda; Grand
National Bank; Premier Financial Services, Inc.
Freeport; First Bank North; First Bank South,
Dixon; Premier Acquisition Company, Freeport; First
National Bank of Northbrook, Northbrook; First
Security Bank of Cary-Grove, Cary; and Premier
Insurance Services, Inc., Warren, Illinois.
Approved, May 24, 1996.

Atlanta

Newnan Holdings, Inc., Newnan, Georgia - - t o acquire
Southside Financial Group, Inc., Fayetteville,
Georgia.
Approved, May 23, 1996.

Atlanta

Newnan Holdings, Inc., Newnan, Georgia - - t o engage
in operating a savings association through Newnan
Savings Bank, FSB.
Permitted, May 23, 1996.

Chicago

Northland Insurance Agency, Inc., Chicago, Illinois
- to acquire Northern Illinois Financial
Corporation, Wauconda; Grand National Bank; Premier
Financial Services, Inc., Freeport; First Bank
North; First Bank South, Dixon; Premier Acquisition
Company, Freeport; First National Bank of
Northbrook, Northbrook, First Security Bank of
Cary-Grove, Cary; and Premier Insurance Services,
Inc., Warren, Illinois.
Approved, May 24, 1996.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -- to
engage in credit-related insurance through the
acquisition of Bancshares Life Insurance Company,
San Antonio, Texas.
Approved, May 21, 1996.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota, and
Norwest Financial Services, Inc., Des Moines,
Iowa -- notification of intent to engage in
collection agency activities through acquisition of
Aman Collection Services, Inc., Aberdeen, South
Dakota.
Permitted, May 23, 1996.

H .2
M A Y 20, 1996
PAG E 6

TO

MAY 24,

1996

A C T I O N S TAKEN BY THE S T A F F AND THE F E D E R A L R E S E R V E BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Minneapolis

Norwest Corporation, Minneapolis, Minnesota -- to
engage de novo in residential mortgage lending
through C.M.H. Mortgage Company, Westerville, Ohio^
a joint venture with Full Service Real Estate
Company, dba, Coldwell Banker Grand Traditions.
Permitted, May 24, 1996.

Minneapolis

Pioneer Bank, Mapleton, Minnesota -- to acquire
Elmore Bancshares, Inc., Elmore, Minnesota.
Approved, May 20, 1996.

Director, BS&R

Union Bank and Trust Company, Morganfield, Kentucky - request for relief from a condition related to
the acquisition of Union Bank and Trust Company.
Granted, May 23, 1996.

San Francisco

West Coast Bancorp, Lake Oswego, Oregon - - t o acquire
Vancouver Bancorp, Vancouver, Washington.
Approved, May 22, 1996.

BANK MERGERS




Richmond

Citizens Acquisition Subsidiary, Inc,, Tazewell,
Virginia -- to merge with Citizens Bank of
Tazewell.
Approved, May 22, 1996.

Chicago

DeMotte State Bank, DeMotte, Indiana - - t o purchase
and assume the liabilities of the Hebron, Indiana,
branch of First Chicago/NBD Bank, N.A.,
Indianapolis, and to establish a branch.
Returned, May 21, 1996.

Richmond

First Virginia Bank-Shenandoah Valley, Woodstock,
Virginia - - t o merge with First Virginia BankCentral , Charlottesville, Virginia.
Approved, May 23, 1996.

Minneapolis

Pioneer Bank, Mapleton, Minnesota -- to merge with
The First National Bank of Elmore, Elmore,
Minnesota, and to establish branches in Elmore and
Delavan, Minnesota.
Approved, May 20, 1996.

H.2
MAY 2 0 , 1996
PAGE 7

TO

MAY 2 4 ,

1996

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL
UNDER DELEGATED AUTHORITY

RESERVE

BANKS

BANK MERGERS
Cleveland

Wesbano Bank, Wheeling, West Virginia -- to acquire
Bank of Weirton, Weirton, West Virginia, and to
establish branches.
Approved, May 21, 1996.

CAPITAL STOCK
Minneapolis

Wabeno Bancorporation, Inc., Venice, Florida -redemption of shares.
Approved, May 23, 1996.

Kansas City

Welch Bancshares, Inc., Welch, Oklahoma -- redemption
of shares.
Approved, May 22, 1996.

CHANGE IN BANK CONTROL
Kansas City

Bank of Belen, Belen, New Mexico -- change in bank
control.
Permitted, May 20, 1996.

Atlanta

First Forest Corporation, Forest, Mississippi -change in bank control.
Permitted, May 24, 1996.

Minneapolis

MEDR Bankshares, Erskine, Minnesota -- change in bank
control.
Permitted, May 23, 1996.

COMPETITIVE FACTORS REPORTS




Chicago

Amcore Bank, National Association, Mendota, Illinois,
proposed merger with Amcore Bank, Gridley, Gridley;
Amcore Bank, Princeton, Princeton; and Amcore Bank,
National Association, Peru, Peru, Illinois -report on competitive factors.
Submitted, May 23, 1996.

Atlanta

First Bank of Immokalee, Immokalee, Florida, proposed
merger with Tri-County Bank of Lehigh Acres, Lehigh
Acres, Florida -- report on competitive factors.
Submitted, May 22, 1996.

H .2
MAY 20, 1996
PAGE 8

TO

MAY 24,

1996

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

COMPETITIVE FACTORS REPORTS




Chicago

First National Bank of Chicago, Chicago, Illinois,
proposed merger with NBD Bank, Wheaton, Illinois -report on competitive factors.
Submitted, May 21, 1996.

Chicago

First Northwest Bank, Arlington Heights, Illinois,
proposed merger with Republic Bank of Arlington
Heights -- report on competitive factors.
Submitted, May 24, 1996.

Atlanta

McIntosh State Bank, Jackson, Georgia, proposed
purchase of certain assets and assumption of
certain liabilities of the Monticello, branch of
NationsBank, N.A., Atlanta, Georgia, and to
establish one branch -- report on competitive
factors.
Submitted, May 22, 1996.

Atlanta

Regions Bank of Louisiana, Baton Rouge, Louisiana,
proposed merger with Delta State Bank & Trust
Company, Belle Chasse, Louisiana -- report on
competitive factors.
Submitted, May 22, 1996.

Chicago

Standard Federal Bank for Savings, Chicago, Illinois,
proposed purchase of certain assets and assumption
of certain liabilities of the Naperville, Illinois,
branch of Household Bank, F.S.B., Prospect Heights,
111inois.
Submitted, May 21, 1996.

Chicago

Star Bank, National Association Indiana, Richmond,
Indiana, proposed purchase of certain assets and
assumption of certain liabilities of four
Connersville, Indiana, branches of National City
Bank of Indiana, Indianapolis, Indiana -- report on
competitive factors.
Submitted, May 24, 1996.

H. 2
MAY 20, 1996
PAGE 9

TO

MAY 24,

1996

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

COMPETITIVE FACTORS REPORTS
Richmond

TeleBank, Arlington, Virginia, proposed acquisition
of the assets and assumption of the liabilities of
First Commonwealth Savings Bank, F.S B.,
Alexandria, Virginia -- report on competitive
factors.
Submitted, May 22, 1996.

EXTENSIONS OF TIME
Chicago

ISB Financial Corporation, Iowa City, Iowa -extension to July 23, 1996, to acquire W.S.B.,
Inc., Washington, Iowa, and Washington State Bank
Granted, May 22, 1996.

Richmond

Citizens Acquisition Subsidiary, Inc., Tazewell,
Virginia -- to become a member of the Federal
Reserve System.
Approved, May 22, 1996.

MEMBERSHIP

REGULATIONS AND POLICIES




Secretary
FOMC

Federal Open Market Committee -- minutes of the
meeting on March 26, 1996.
Published, May 24, 1996.

Secretary

Regulation DD -- proposed amendments to its official
staff commentary that was originally issued for
public comment on December 6, 1995.
Withdrawn, May 22, 1996.

H .2
MAY 20, 1996
PAGE 10

ADDITIONS AND CORRECTIONS
TO

MAY 24, 1996

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

BANK HOLDING COMPANIES
Chicago

Friendship Bancorp, Friendship, Indiana -notification of intent to purchase the stock of
Independence Bankers Life Insurance Company of
Indiana, and engage in credit-related insurance.
Returned, May
1996.

EXTENSIONS OF TIME




New York

United Jersey Bank, Hackensack, New Jersey -extension to August 6, 1996, to merge with Summit
Bank, Chatham, New Jersey.
Granted, May 6, 1996.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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
NONE

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
Institution

Examination Date

Rating**

NONE

♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.




"N" - Needs to

FEDERAL RESERVE BANK OF NEW YORK
C om m ent Period
E nding Date

SECTION T
Applications Subject to N ew spaper
________Notice Only________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Toronto Dominion Bank, Toronto, Canada, and TD/Oak Inc., New York,
New York, to acquire Waterhouse Investor Services, New York, New
York, and thereby to become a bank holding company with respect
to Waterhouse National Bank, White Plains, New York, and also to
engage in certain non-banking activities..!/

SECTION III
N onbanking Applications
(subject to Federal Register Notice Only cont.l
None.

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.




06/22/96 3/

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 o f its entire
delineated community, including low- and moderate- income
neighborhoods, in a manner consistent with its resources and capabilities.
W eek Ending May 25. 1996
NAME O F BANK

RATING

Solvay Bank
Outstanding
1537 Milton Avenue
Solvay, New York 13209-0167

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




EXAM INATION DATE
October 30, 1 9 9 6

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS RECEIVED AND SU B JEC T TO NEW SPAPER
NOTICE ONLY
East Penn B ank, Emmaus, PA to establish a branch office at 6890 H am ilton Blvd, Trexletown,
PA, pu rsu an t to Section 9 of the Federal Reserve Act.
Newspaper comment period expires:

6/20/96

SECTION H - A PPLICATIONS RECEIVED AND SU B JEC T TO BOTH NEW SPAPER
AND FEDERAL R EG ISTER N O TIC E
NONE
SECTIO N m - APPLICATIONS RECEIVED AND SU BJECT TO FEDERAL
REG ISTER N O TIC E ONLY
CoreStates Financial C orp, Philadelphia, PA to issue alternate media such as concert tickets,
gift certificate and prepaid phone cards, pursuant to Section 4(c)(8) of the Bank Holding
C om pany Act.
Federal Register comment period expires:
N/Avail.
F irst Lehigh C orporation, Allentown, PA to engage directly or indirectly in certain non­
banking activities pursuant to Section 4(c)(8) of the B ank Holding C om pany Act and Section
225.25(b)(i) of Regulation Y.
Federal Register comment period expires:

N/Avail.

SECTION IV - APPLICATIONS RECEIVED AND N O T SU B JEC T TO FEDERAL
R EG ISTER NOTICE O R N EW SPAPER




NONE

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY O F 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 24, 1996.
Identification of Ratings
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 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 o f 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 o f 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

Community Bank & Trust Co.
521 Main Street
Forest City, PA 18421

11/20/95

Outstanding




F ed er a l R eserv e B ank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387

A PPLICA TIO N S BULLETIN
(For the week ending M ay 25, 1996)
SECTIO N I - A PPLICATIONS SU BJECT TO NEW SPAPER N O TIC E ONLY
NONE
SECTIO N

n - A PPLICATIONS

SU BJECT TO BO TH NEW SPAPER AND FED ERA L
R E G IST E R N O TIC E

Received Section 4(c)(8) application by First Southern Bancorp,
Inc., Stanford, Kentucky, to acquire Lincoln Financial Bancorp,
Inc., and its subsidiary Lincoln Federal Savings Bank, Stanford,
Kentucky.

* Not Yet Known #

SECTIO N m - APPLICATIONS SUBJECT TO FED ERA L R EG ISTER N O T IC E ONLY
Received Section 4(c)(8) application from Banc One Corporation,
Not Yet Known #
Columbus, Ohio; KeyCorp, Cleveland, Ohio; National City Corporation,
Cleveland, Ohio; PNC Bank Corp, Pittsburgh, Pennsylvania; and CoreStates
Financial Corp, Philadelphia, Pennsylvania, on May 1, 1996, to
expand data processing services through Electronic Payment Services, Inc.
SEC TIO N TV - APPLICATIONS N O T SU BJECT TO FED ERA L R EG ISTER N O TIC E
O R N EW SPA PER N O TIC E

NONE

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt



AVAILABILITY O F CRA PUBLIC EVALUATIONS
(May 24, 1996)

The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended May 24, 1996.
If you are interested in obtaining a copy of an evaluation document, please contact the bank(s)
directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PROVE: a bank 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 NON CO M PLIA N CE: a bank 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.
NONE




F ed er a l R eserv e B ank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387

CRA Exam inations Scheduled
T h ird Q u a rte r 1996
Examinations may have to be rescheduled during the calendar quarter in which they are designed
to begin. If an institution’s examination is rescheduled for a date later than the end of the date
range reflected in a published schedule, the institution’s name will be republished in an
appropriate later listing. Any comments received as a result of either the first publication or
subsequent publications will be considered during the examination.
Citizens Commercial Bank & Trust
225 North Main Street
Celina, OH 45822-0170

Chippewa Valley Bank
P. O. Box 68
Rittman, OH 44270

Metamora State Bank
P. O. Box F
Metamora, OH 43540

St. Henry Bank
231 East Main Street
Saint Henry, OH 45883

Fayette Bank & Trust Company
58 West Main Street
Uniontown, PA 15401-3303

Huntington State Bank
P. O. Box 66
Alexandria, OH 43001

The Ottoville Banking Company
161 West Third Street
Ottoville, OH 45876
State Bank and Trust Company
P. O. Box 467
Defiance, OH 43512
Iron & Glass Bank
1114 Carson Street
Pittsburgh, PA 15203
Provident Bank of Kentucky
US 27 and Main Street
Box 306
Alexandria, KY 41001
Oakwood Deposit Bank Company
P. O. Box 207
Oakwood, OH 45873




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

Comment Period Ending Date

Centura Bank, Rocky Mount, North Carolina,
to merge with First Community Bank, Gastonia,
North Carolina.*

6-17-96

Rockingham Heritage Bank, Harrisonburg,
Virginia, to establish a branch at 410
Spotswood Avenue, Elkton, Virginia.*

6-17-96

First Virginia Bank-Mountain Empire, Damascus,
Virginia, to establish a branch in the Wal-Mart
SuperCenter at 13245 Lee Highway, Bristol,
Virginia.*

6-20-96

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

Comment Period Ending Date

Centura Banks, Inc., Rocky Mount, North
Carolina, to acquire First Community Bank
Gastonia, North Carolina.*

6-17-96

MainStreet BankGroup Incorporated,
Martinsville, Virginia, to acquire 100% of
the voting shares of The First National Bank
of Clifton Forge, Clifton Forge, Virginia.*

6-21-96

Section III - Applications Subject to Federal Register Notice
Application
NationsBank Corporation, Charlotte, North
Carolina, to acquire substantially all of
the assets of Commerce Finance Company,
Germantown, Tennessee, through its subsidiary,
NationsCredit Consumer Corporation, Allentown,
Pennsylvania.
FCFT, Inc., Princeton, West Virginia, to invest
in South Oakwood Plaza Limited Partnership, III,
and thereby engage de novo in renovating and
operating a low-income housing project.

Comment Period Ending Date

Not yet available.

6-11-96**

*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.



F e d e r a l R e s e r v e B a n k of R i c h m o n d

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




Federal Reserve Bank of Richmond
Section V - Availability of CRA Public Evaluations
Week ending May 24, 1996

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

Rating

The Caroline County Bank
Sunset and Main Streets
Greensboro, Maryland

2-5-96

Satisfactory

Atlantic Bank
4604 Coastal Highway
Ocean City, Maryland

2-5-96

Satisfactory

First Community Bank
Routes 221 and 666
Forest, Virginia 24551

3-4-96

Satisfactory

The Traders Bank
303 Main Street
Spencer, West Virginia

3-5-96

Outstanding

First Commonwealth Bank
303 West Main Street
Wise, Virginia 24293

3-5-96

Satisfactory




21842

Federal Reserve Bank of R i c hmond

Section VI - CRA Examinations Scheduled for Third Quarter of 1996
Examinations may have to be rescheduled during the calendar quarter in which
they are designated to begin.
If an institution's examination is rescheduled
for a date later than the end of the date range reflected in published schedule,
the institution's name will be republished in an appropriate later listing.
Any comments received as a result of either the first publication or subsequent
publications will be considered during the examination.




Bank of Annapolis, Annapolis, Maryland
Crestar Bank MD, Bethesda, Maryland
St. Michaels Bank, St. Michaels, Maryland
Triangle Bank, Raleigh, North Carolina
Pamplico Bank and Trust Company, Pamplico, South Carolina
Miners Exchange Bank, Coeburn, Virginia
F & M Bank-Emporia, Emporia, Virginia
The George Mason Bank, Fairfax, Virginia
The Bank of Floyd, Floyd, Virginia
Virginia Heartland Bank, Fredericksburg, Virginia
Miners 6 Merchants Bank 6 Trust, Grundy, Virginia
c
c
King George State Bank, King George, Virginia
The Middleburg Bank, Middleburg, Virginia
The Bank of Charlotte County, Phenix, Virginia
First Community Bank of Saltville, Saltville, Virginia
Farmers 6 Merchants Bank of Stanley, Stanley, Virginia
c
First Bank of Stuart, Stuart, Virginia
Northern Neck State Bank, Warsaw, Virginia
Bank of Greenville, Greenville, West Virginia
F 6 M Bank - Keyser, Keyser, West Virginia
c
F 6 M Bank-Martinsburg, Martinsburg, West Virginia
c
The Pleasants County Bank, St. Marys, West Virginia

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending May 24, 1996
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Elmore County Bank
06-07-96*
Wetumpka, Alabama
To establish a branch located at 3740 Highway 14, Millbrook, Alabama.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

First State Bancshares of DeKalb County, Inc.
Not yet available*
Fort Payne, Alabama
After-the-fact change in control notice by Ms. Shari K. Jones to retain 38
percent of the outstanding shares of First State Bancshares of DeKalb County,
Fort Payne, Alabama.
Palm Beach National Holding Company
North Palm Beach, Florida
1-BHC formation, Palm Beach National Bank & Trust Company.

06-15-96*
Newspaper

First Commerce Bancorp, Inc.
06-10-96*
Commerce, Georgia
Federal Register
After-the-fact notification by Mr. Lamartine G. Hardman, III, to retain,
.6 percent of the outstanding shares of First Commerce Bancorp, Inc., Commerce,
Georgia.
The acquisition increased Mr. Hardman's total ownership to
16.6 percent.
First Banking Company of Southeast Georgia
Not yet available*
Statesboro, Georgia
To acquire FNB Bancshares, Inc., Springfield, Georgia and thereby indirectly
acquire First National Bank of Effingham, Springfield, Georgia.
First National Banc, Inc.
Not yet available*
St. Marys, Georgia
1-BHC formation, First National Bank, St. Marys, Georgia.
Newnan Holdings, Inc.
Not yet available
Newnan, Georgia
To acquire Newnan Financial Services, Inc., Newnan, Georgia, a non-banking
subsidiary of Newnan Savings Bank, F.S.B., Newnan, Georgia, and thereby engage
in real estate appraisal services, including construction draw inspections,
primarily for Newnan Savings Bank, but also to third parties, pursuant to Section
4(c) (8) of the Bank Holding Company Act and Section 225.25 (b) (13) of Regulation
Y.
Newnan Holdings, Inc.
Not yet available
Newnan, Georgia
To acquire Citizens Mortgage Group, Inc., Newnan, Georgia, a non-banking
subsidiary of Newnan Savings Bank, F.S.B., Newnan, Georgia, and thereby engage
in originating mortgage loans, pursuant to Section 4(c)(8) of the Bank Holding
Company Act and Section 225.25(b)(1) of Regulation Y.

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending May 24, 1996
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Middle Georgia Bankshares, Inc.
06-07-96
Unadilla, Georgia
In a joint venture with First Macon Bank & Trust, Macon, Georgia, and Provesa,
Inc., Macon, Georgia, to establish Proimage, Inc., Macon, Georgia, and thereby
engage in check imaging and item processing for banks, pursuant to Section
225.25(b) (7) of Regulation Y and Section 4(c) (8) of the Bank Holding Company A c t .
Tattnall Bancshares, Inc.
06-11-96
Reidsville, Georgia
To acquire Reidsville Insurance Agency, Inc., Reidsville, Georgia, and thereby
engage in insurance agency activities, pursuant to Section 225.25 (b) (8) (iii) (A)
of Regulation Y, and Section 4(c)(8) of the Bank Holding Company Act.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending May 24, 1996
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions listed below
became available during this week.
Information about an institution's CRA
evaluation may be obtained directly from the institution. In connection with the
assessment of an institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderateincome 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.
Bank
None.




CRA Rating

Examination
Date

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending May 24, 1996
Recently Approved Applications

Approval Date

The Colonial BancGroup, Inc.
05-23-96
Montgomery, Alabama
To merge with Commercial Bancorp of Georgia, Inc., Lawrenceville, Georgia, and
thereby directly acquire
its
subsidiary,
Commercial Bank
of Georgia,
Lawrenceville, Georgia, pursuant to Section 3(a)(5) of the Bank Holding Company
Act.
CNB, Inc.
05-24-96
Lake City, Florida
Request for waiver of the application requirement of Section 3(a) (5) of the Bank
Holding Company Act to merge with Riherd Bank Holding Company, Lake Butler,
Florida, and thereby directly acquire Fanners and Dealers Bank, Lake Butler,
Florida.
Newnan Holdings, Inc.
05-23-96
Newnan, Georgia
1-BHC formation, Southside Financial Group, Inc., Fayetteville, Georgia, and
thereby acquiring Citizens Bank & Trust of Fayette County, Fayetteville, Georgia.
Newnan Holdings, Inc.
05-23-96
Newnan, Georgia
Through Newnan Savings Bank, FSB, Newnan, Georgia, to engage in operating a
savings association, pursuant to Section 225.25 (b) (9) of Regulation Y and Section
4(c)(8) of the Bank Holding Company Act.
Acadiana Bancshares, Inc.
05-23-96
Lafayette, Louisiana
l-BHC formation, LBA Savings Bank, Lafayette, Louisiana.
Cumberland Bancorp, Inc.
Carthage, Tennessee
Commitment waiver request.




05-23-96

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

Type

Application

18c/Branch

Harris Trust and Savings Bank
Chicago, Ilinois
to acquire certain assets & liabilities of Household
Bank, F.S.B., Prospect Heights, Illinois, & thereby
to establish 64 branches

NP - 5-23-96

Branch

1st Source Bank
South Bend, Indiana

NP - 6-7-96

139 South Front Street

Dowagiac, Michigan
Branch

1st Source Bank
South Bend, Indiana
123 West Main Street
Niles, Michigan

NP - 6-7-96

Eft

Midwest Bank andTrustCompany
Elmwood Park, Illinois
Marriottt’s Lincolnshire Resort
Ten Marriott Drive
Lincolnshire, Illinois

NP - 5-24-96

Branch

First Farmers Bank &Trust Company
Converse, Indiana
410 Flint Way Drive
Kokomo, Indiana

NP - 5-26-96

EFT

Harris Trust and Savings Bank
Chicago, Illinois
4709-11 West Golf Road
Skokie, Illinois

NP - 5-31-96

NP - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
** - Not available at this time




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only con’td
Comment Period
Ending Date

ly e e

Application

18c/Branch

DeMotte State Bank
DeMotte, Indiana
Hebron Indiana Branch of First Chicago/NBD Bank,
N.A., Indianapolis, Indiana and to establish a branch
@507 South Main Street
Hebron, Indiana

NP - 5-23-96

Branch

First State Bank of Maple Park
Maple Park, Illinois
Main Street at Harter Road
Kaneville, Illinois

NP - **

Branch

First State Bank of Maple Park
Maple Park, Illinois
Southeast Corner of Route 47 & Prairie Valley Street
Elburn, Illinois

JSfp _ **




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

Type

Application

3(a)(3)

Carroll County Bancshares, Inc.*
Carroll, Iowa
Nevada Community Bancshares, Inc.
Nevada, Iowa
Community Bank (in organization)
Nevada, Iowa

FR - 6-4-96
NP - 5-25-96

3(a)(1)

Nevada Community Bancshares, Inc.*
Nevada, Iowa
Community Bank (in organization)
Nevada, Iowa

FR - 6-4-96
NP - 5-25-96

3(a)(3)

Prairieland Employee Stock Ownership Plan*
Bushnell, Illinois
Merchants State Bank
Bushnell, Illinois
Prairieland Bancorp, Inc.
Farmers & Merchants State Bank
Bushnell, Illinois

FR - 6-7-96
NP - 6-7-96

3(a)(1)

Brickyard Bancorp, Inc.*
Chicago, Illinois
Sysco Financial Inc.
Lincolnwood, Illinois
Brickyard Bank
Lincolnwood, Illinois

FR - 6-21-96
]SJP _ **

COC-HC

A.M. Saylor, Incorporated
Hampton, Iowa
Roger Doughan

FR - 4-26-96
NP - 6-5-96

COC-HC

Blanchardville Financial Services, Inc.
Blanchardville, Wisconsin
Richard Roy Kundert

FR - 6-11-96
NP - **

3(a)(1)

Sparta Union Bancshares, Inc.*
Sparta, Wisconsin
Union National Bank & Trust Company
Sparta, Wisconsin

FR - **




_ Hs*

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

la*

Application

3(a)(3)

UnionBancorp, Inc.*
Streator, Illinois
Country Bancshares, Inc.
Macomb, Illinois
Omni Bank
Macomb, Illinois
Prairie Bancorp, Inc.
Princeton, Illinois
Farmers State Bank of Ferris
Ferris, Illinois
Hanover State Bank
Hanover, Illinois
Bank of Ladd
Ladd, Illinois
First National Bank of Manlius
Manlius, Illinois
Tampico National Bank
Tampico, Illinois
Tiskilwa State Bank
Tiskilwa, Illinois

FR - 6-4-96
NP - **

3(a)(3)

First Financial Corporation*
Terre Haute, Indiana
Crawford Bancorp, Inc.
Robinson, Illinois
Crawford County State Bank
Robinson, Illinois

FR - 6-17-96
NP - 6-10-96

3(a)(1)

Fortress Bancshares, Inc.*
Cresco, Iowa (in organization)
Fortress Bank of Cresco
Cresco, Illinois (in organization)

FR - 6-17-96

Alton Bancorporation*
Alton, Iowa
Hawarden Banking Company
Omaha, Nebraska
First State Bank
Hawarden, Iowa

FR - 6-21-96
NP - 6-1-96

3(a)(3)




jsfp _ **

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

lype

Application

3(a)(1)

First State Associates, Inc.*
Hawarden, Iowa
Hawarden Banking Company
Omaha, Nebraska
First State Bank
Hawarden, Iowa

FR - 6-21-96
NP - 6-1-96

3(a)(3)

Old O’Brien Bancshares, Inc.*
Sutherland, Iowa
Hawarden Banking Company
Omaha, Nebraska
First State Bank
Hawarden, Iowa

FR - 6-21-96
NP - 6-1-96

3(a)(3)

Mercantile Bancorp, Inc.*
Hammond, Indiana
First Lansing Bancorp, Inc.
Lansing, Illinois
First National Bank of Illinois
Lansing, Illinois

FR - 5-10-96
NP - 6-10-96

COC-HC

Madison Holding Company
Winterset, Iowa
Jean W. Lange

FR - 6-5-96
NP - 6-4-96

3(a)(3)

Vogel Bancshares, Inc.*
Orange City, Iowa
Ireton Bancorp
Ireton, Iowa
Security Savings Bank

FR - 5-25-96
NP - 5-25-96

3(a)(3)

Granville Bancshares, Incorporated*
Granville, Illinois
Sheridan State Bank
Sheridan, Illinois

FR - 6-10-96
NP - 6-2-96

3(a)(5)

Goodenow Bancorporation, Inc.*
Okoboji, Iowa
Jackson Bancorporation, Inc.
Fairmont, Wisconsin
Bank Midwest, Minnesota, Iowa, N.A.
Fairmont, Minnesota

FR - 5-23-96




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

I 'm.

Application

3(a)(3)

ABN AMRO Bank N.V.*
Amsterdam, The Netherlands
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - 5-17-96

3(a)(3)

ABN AMRO Holding N.V.*
Amsterdam, The Netherlands
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - 5-17-96

3(a)(3)

ABN AMRO North America, Inc.*
Chicago, Illinois
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - 5-17-96

3(a)(3)

Stichting Administratiekantoor ABN AMRO Holding*
Amsterdam, The Netherlands
Comerica Bank, Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - 5-17-96

3(a)(3)

Stichting Prioriteit ABN AMRO Holding*
Amsterdam, The Netherlands
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - 5-17-96

3(a)(1)

Community Central Bank Corporation
Mount Clemens, Michigan
Community Central Bank
Mount Clemens, Michigan (in organization)

PR _ **
NP - 6-15-96

COC-HC

Hasten Bancshares
Indianapolis, Indiana
Anna Ruth Hasten

PR . **
NP - **

COC-HC

Hasten Bancshares
Indianapolis, Indiana
Simona Hasten

PR . **
NP - **




Federal Reserve Bank of Chicago

Section III - Applications Subject to Federal Register
Notice Only

Comment Period
Ending Date

Type

Application

4(c)(8)

VCR Bancorporation, Ltd.
Carlisle, Illinois
to engage in making loans or other extensions of credit

FR - 5-31-96

4(c)(8)

Friendship Bancorp
Friendship, Indiana
Independent Bankers Life Insurance Company of Indiana

FR - 5-30-96




Federal Reserve Bank o f Chicago

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

Type

Application

ROS

Blanchardville Financial Services, Inc.
Blanchareville, Wisconsin
to redeem 211 shares of stock

ROS

Hawarden Banking Company
Omaha, Nebraska
to redeem 163.89 shares of its common stock




Federal Reserve Bank of Chicago
Section V - Availability of C R A 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 24, 1996. If you are interested in obtaining a copy of the evaluation document, please contact
the bank(s) directly.
Identification of Ratines
O-

An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

S-

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

NI -

An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

SN -

An institution in this group has a substantial nokncompliance record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

First State Bank
300 East Main Street
Manchester, Iowa 52057-1720
(319) 927-3814

2/12/96

S

Community State Bank
108 South Main Street
P.O. Box 79
Avilla, Indiana 46710-0079
(219) 897-3361

1/29/96

S

Security Savings Bank
320 Garfield
P.O. Box 126
Farnhamville, Iowa 50538
(515) 544-3281




2/12/96

S

Federal Reserve Bank o f St. Louis

FOR THE WEEK ENDING MAY 24, 1996
SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER N O TICE
Application

E n d of Com m ent Period

* Section 3(a)(1) notification by Little River Bancshares,
Inc., Lepanto, Arkansas, to acquire Little River Bank,
Lepanto, Arkansas.

5-31-96

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REG ISTER NOTICE
Application

E nd of Comment Period

* Section 4(c)(8) notification by Union Planters
Corporation, Memphis, Tennessee, to acquire Leader
Financial Corporation, Memphis, Tennessee, and thereby
acquire Leader Federal Bank for Savings, Memphis,
Tennessee.

Newspaper: 6-19-96

SECTIO N III - APPLICATIONS SUBJECT TO FEDERAL REG ISTER N O TICE
Application

E n d o f Com m ent Period

None.

SECTIO N IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER N O TIC E
OR NEWSPAPER NOTICE
Application
None.
* This application/notification subject to CRA.




E nd of Com m ent P eriod

FEDERAL RESERVE BANK O F ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES

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

FOR THE WEEK ENDING May 24, 1996

Name of Bank

Fifth Third Bank




Bank Address

Louisville, Kentucky

Examination
Date

Examination
Rating

9/18/95

Outstanding

F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS

Section I Applications Subject to
Newspaper Notice Only

Comment Period
Ending Date

Application

NONE.

F E D E R A L R E S E R V E B A N K O F MINNEAPOLIS

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

Application

Retroactive notification by M. Gene Clark
Revocable Trust to acquire control of 25.5%
of the voting shares of Windom State Investment
Company, Windom, Minnesota.

June 7, 1996
(Federal Register)

Retroactive application by Peterka Family
Partnership, Miller, South Dakota, for prior
approval to become a bank holding company
through the acquisition of 24.5% of the voting
shares of M & H Financial Services, Inc.,
Miller, South Dakota.*

June 24, 1996
(Federal Register)

*Subject to CRA
F E D E R A L RE S E R V E B A N K O F MINNEAPOLIS

Section III - Applications Subject
to Federal Register Notice Only
Application

Comment Period
Ending Date

Norwest Corporation, Minneapolis,
Minnesota, to engage de novo in residential
mortgage lending through Real Estate Financial,
Palm Harbor, Florida, a joint venture with First
in Real Estate Corporate Center, Inc.

June 7, 1996
(Federal Register)

Eau Claire Financial Services, Inc., St. Paul,
Minnesota, to engage in general insurance
agency activities through the acquisition of
Lake City Agency, Inc., Lake City, Minnesota.

June 12, 1996
(Federal Register)




F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
A pplication

NONE.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending May 24, 1996
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution’s CRA performance, a rating
is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to 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.

BANKfSl EXAMINED

DATE OF EXAMINATION

CRA RATING

Yellowstone Bank of Absarokee
P.O. Box 10
Absarokee, Montana 59001
(406)328-4512

February 12, 1996

Satisfactory







Yellowstone Bank of Columbus
P.O. Box 389
Columbus, Montana 59019
(406)322-5366

February 12, 1996

Satisfactory

Federal Reserve Bank of Kansas City

SECTION T- APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
Union Colony Bank, Greeley, Colorado, for prior
approval to establish a de novo branch facility at 10th
Street and 59th Avenue, Greeley, Colorado.

COMMENT PERIOD ENDING DATF.
Not Available

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

COMMENT PERIOD ENDING DATF.

H.A. True, III, Trust, H.A. True, III, Trustee,
Diemer D. True, Trust, Diemer D. True, Trustee,
David L. True, Trust, and David L. True, Trustee, all
of Casper, Wyoming, for prior approval to acquire an
additional 24.6 percent, for a total of 33.3 percent, of
the voting shares of Midland Financial Corporation,
Casper, Wyoming.

June 12, 1996

Randy W. And Karla L. Britt, both of Clifton Hill,
Missouri, to acquire an additional .65 percent, for a
total of 19.64 percent, and D. Wayne and Mary E.
Britt, both of Callao, Missouri, to acquire an
additional .19 percent, for a total of 5.98 percent, of
the voting shares of RMB Bancshares, Inc.,
Marceline, Missouri.

June 13, 1996

Citizens State Bank and Citizens Holding Corporation
ESOP, Keenesburg, Colorado, for prior approval to
acquire up to 35 percent of the voting shares of
Citizens Holding Corporation, Keenesburg,
Colorado.*

Not Available

HNB Corporation, Arkansas City, Kansas, for prior
approval to acquire 100 percent of the voting shares of
Home National Bank, Scottsdale, Arizona, in
organization. *

Not Available




Federal Reserve Bank of Kansas City

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER N O TICE ONI Y
APPLICATION

COMMENT PERIOD ENDING DATE

Fort Calhoun Investment Company, Fort Calhoun,
Nebraska, for prior approval to engage de novo in
expanding its insurance agency activity to include the
sale of all types of life insurance products other than
life insurance or annuities.

June 11, 1996

Orchard Valley Financial Corporation, Hotchkiss,
Colorado, for prior approval to engage de novo in
making consumer finance loans, real estate
construction loans and real estate development loans.

June 12, 1996

Farmers Enterprises, Inc., Albert, Kansas, for prior
approval to acquire Kinban, Inc., Kinsley, Kansas, and
thereby engage in the sale of general insurance in a
town of less than 5,000.

June 13, 1996

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O TICE
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:
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 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.



Federal Reserve Bank of Kansas City

Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.*

Bank/Location

Exam Date

CRA Public
Date

Citizens Bank
P.O. Box 98
Bancroft, Nebraska 68004-0098

02/20/96

05/21/96

Satisfactory

First United Bank
19201 East Main Street
Parker, Colorado 80134-9047

02/05/96

05/23/96

Satisfactory

WestStar Bank
P.O. Box 999
Bartlesville, Oklahoma 74005-0999

02/05/96

05/24/96

Satisfactory

*Application is subject to CRA.




CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 20,

1996

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

*Section 3(a)(1) application by
Perryton Bancshares, Inc., Perryton, TX, to
acquire Perryton National Bank, Perryton, TX
(Previously reported during the week of 5-6-96)

96/06/10

♦Section 3(a)(1) application by
XIT Bancshares, Inc., Littlefield, TX, to acquire
XIT Delaware, Inc., Dover, DE, and Security State
Bank, Littlefield, TX
(Previously reported during the week of 5-6-96)

96/06/08

♦Section 3(a)(1) application by
XIT Delaware, Inc., Dover, DE, to acquire
Security State Bank, Littlefield, TX
(Previously reported during the week of 5-6-96)

96/06/08

Change in Control Notice by
Stephen Elsmer Cone, Jr., Lubbock, TX, to acquire an
interest in Sundown Bankshares, Inc., Sundown, TX

N/A

Change in Control Notice by
James L. Truck, Kingwood, TX, to acquire an interest
in Brazosport Corporation, Corpus Christi, TX
(Resubmission)
(Previously reported during the week of 5-6-96)

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
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 HAY 20. 1996

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 5/24/96
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
InterWest Bancorp, Inc., Oak Harbor, Washington, to merge with
Central Bancorp, Wenatchee, Washington. *

Newspaper:
Fed. Reg.:

06/07/96
06/03/96

InterWest Bancorp, Inc., Oak Harbor, Washington, to acquire 19.9
percent of Central Bancorporation, Wenatchee, Washington. *

Newspaper:
Fed. Ree.:

06/07/96
06/03/96

Cal Fed Bancorp, Inc., Los Angeles, California, to acquire First
Citizens Bank, Sherman Oaks, California, and retain California
Federal Bank, a FSB, Los Angeles, California. *

Newspaper:
Fed. Reg.:

06/17/96
Not yet
published

Mutual Bankshares, Everett, Washington, to acquire Commercial
Bank of Everett (in organization), everett, Washington. *

Newspaper:

Not yet
available
Not yet
available

Fed. Reg.:

Capital Corp of the West, Merced, California, to acquire Town
and Country Finance and Thrift Company, Turlock, California. *

Newspaper:
Fed. Reg.:

06/27/96
06/04/96

Frontier Fiancial Corporation, Everett, Washington, to acquire
up to 9.9 percent of Washington Bancorp Corporation, Oak
Harbor, Washington. *

Newspaper:

Not yet
available
Not yet
available

Mid State Bancoip, Waterville, Washington, to acquire Mid State
Bank, Waterville, Washington. *

Fed. Reg.:

Newspaper:
Fed. Reg.:

Not yet
available
Not yet
available

Section III -Applications Subject to Federal Register Only
Santa Barbara Bancorp, Santa Barbara, California, to engage
de novo in community development activities, pursuant to section
225.25 (b)(6) of Reg Y and section (4)(c)(8) of the BHC Act.

Fed. Reg.:

06/12/96

Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice (Cont’d.i

* Subject to CRA.



FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 5/24/96
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during this week. Information
about a particular institution’s CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

ValliWide Bank

8405 N. Fresno St.
Fresno, CA 93720

01/22/96

Outstanding

02/05/96

Satisfactory

(209) 221-2220
Home Valley Bank

103 S. Kerby Ave.
PO Box 129
Cave Junction,
Oregon 97523-0129
(503) 592-4663

*Under the rating system an institution’s CRA performance is assigned one of the following four
ratings:
O utstanding 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 Im prove 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- 10 moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial Noncompliance in meeting community credit needs: An institution has a substantially
deficient record of ascertaining and helping to meet the credit needs of its entire delineated community,
including low- to moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and
is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes
no responsibility for errors or omissions.




Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102