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H.2, 1994, No. 22
RESEARCH Li8S
'^Afeions of the Board, its Staff, and
the Federal Reserve Banks;
BOARD OF GOVERNORS
OF THE
hi 17 Q oo ^PftJiic a t io n s and Reports Received
tsOe Week Ending May 28, 1994
FEDERAL RESERVE SYSTEM JUil If
ANNOUNCEMENT
r'LSi.. , i.
.
ACTIONS TAKEN BY THE BOARD Ofr GOYEBlNPR^
aX
TESTIMONY AND STATEMENTS
Derivatives activities and the global financial
systea -- statement by Chairman Greenspan before
the Subcommittee on Telecommunications and Finance
of the House Committee on Energy and Commerce,
May 25, 1994.
Authorized, May 23, 1994.
Monetary policy and recent rate changes -- statement
by Chairman Greenspan before the Senate Committee
on Banking, Housing, and Urban Affairs, May 27,
1994.
Published, May 27, 1994.
BANK HOLDING COMPANIES
ABN AMRO North America, Inc., Chicago, Illinois,
and Stichting Prioriteit ABN AMRO Holding,
Amsterdam, The Netherlands, Stichting
Administratiekantoor, ABN AMRO Holding N.V, and
ABN AMRO Bank N.V. -- to acquire Cragin Financial
Corporation, Chicago, Illinois.
Approved, May 23, 1994.
BB&T Financial Corporation, Wilson, North Carolina -to acquire L.S.B. Bancshares, Inc. of South
Carolina, Lexington, South Carolina, and to merge
three existing savings bank subsidiaries into
Branch Banking and Trust Company, Wilson, North
Carolina.
Approved, May 23, 1994.
BB&T Financial Corporation, Wilson, North Carolina -to merge with L.S.B. Bancshares, Inc. of South
Carolina, Lexington, South Carolina, and acquire
The Lexington State Bank; and The Community Bank of
South Carolina, Varnville, South Carolina.
Approved, May 23, 1994.
CoreStates Financial Corp., Philadelphia,
Pennsylvania -- to acquire Independence Bancorp,
Inc., Perkasie, Pennsylvania, and Independence Life
Insurance Company, Phoenix, Arizona.
Approved, May 23, 1994.
H.2
MAY 23, 1994
PAGE 2
TO
MAY 27, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
CoreStates Financial Corp., Philadelphia,
Pennsylvania - - t o engage in investment advisory
activities through Rittenhouse Financial Services,
Inc.
Approved, May 25, 1994.
Societe Generale, Paris, France -- to engage in
futures commission merchant execution, clearance,
and advisory services with respect to futures and
options on futures on non-financial commodities
through FIMAT Futures USA, Inc., Chicago, Illinois.
Approved, May 23, 1994.
BANK MERGERS
Bank of Mid-Jersey, Bordentown, New Jersey -- to
merge with Mount Holly State Bank, Mount Holly, New
Jersey.
Approved, May 23, 1994.
BANKS. FOREIGN
MeesPierson N.V., Amsterdam, The Netherlands -- to
establish a state-licensed agency in New York, New
York, and a representative office in Dallas, Texas.
Approved, May 23, 1994.
ENFORCEMENT
Pioneer Bancorp, Fullerton, California -- written
agreement dated May 9, 1994, with the Federal
Reserve Bank of San Francisco.
Announced, May 23, 1994.
REGULATIONS AND POLICIES
Regulation H -- final rule permitting a state member
bank to invest in bank premises in an amount up to
50 percent of its Tier 1 capital without specific
approval (Docket R-0773).
Approved, May 23, 1994.
H.2
MAY 23, 1994
PAGE 3
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Richmond
Bank of the Potomac, Inc., Herndon, Virginia -- to
establish a branch at 10 Catoctin Circle, Leesburg,
Virginia.
Approved, May 27, 1994.
New York
Chemical Bank, New York, New York -- to establish a
branch at Unity Center on Pier 90 (49th Street and
the West Side Highway).
Approved, May 27, 1994.
Richmond
Citizens Bank of Virginia, Arlington, Virginia -- to
establish a branch at the Kingstowne Shopping
Center, Kingstowne Boulevard and South Van Dorn
Street, Alexandria, Virginia.
Approved, May 27, 1994.
Richmond
First Virginia Bank, Falls Church, Virginia -- to
establish a branch one block south of the
intersection of Claiborne Parkway and Ashburn Farm
Parkway, Ashburn, Virginia.
Approved, May 23, 1994.
Kansas City
Pitkin County Bank & Trust Company, Aspen, Colorado - to establish a branch at Highway 82 and El Jebel,
Eagle County, Colorado.
Approved, May 25, 1994.
BANK HOLDING COMPANIES
Director, BS&R
Benchmark Bankshares, Inc., Kenbridge, Virginia -registration as transfer agent.
Approved, May 26, 1994.
Dallas
Big Bend Bancshares Corp., Presidio, Texas -- to
acquire The Marfa National Bank, Marfa, Texas.
Approved, May 23, 1994.
Chicago
Capitol Bancorp, Ltd., Lansing, Michigan -- to
acquire Consolidated Bank Services, Inc., Holland,
Michigan.
Approved, May 25, 1994.
H.2
MAY 23, 1994
PAGE 4
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Capitol Bancorp, Ltd., Lansing, Michigan -- to
acquire Financial Center Corporation, Holland,
Michigan, and Paragon Bank & Trust.
Approved, May 25, 1994.
St. Louis
Central Shares, Inc., Lebanon, Missouri -- to acquire
Security Bancshares of Pulaski County, Inc., St.
Robert, Missouri.
Approved, May 24, 1994.
Chicago
Commercial Financial Corp., Storm Lake, Iowa -- to
acquire Central Trust Investment, Inc., Cherokee,
Iowa, and Central Trust and Savings Bank.
Approved, May 27, 1994.
Kansas City
Community Bancshares of Marysville, Inc., Marysville,
Kansas -- to acquire Citizens Bancshares of
Marysville, Inc., and Citizens Bancshares of
Waterville, Inc., Waterville, Kansas.
Approved, May 27, 1994.
Minneapolis
Community First Bankshares, Inc., Fargo, North Dakota
- - t o engage in general insurance agency activities
through the Gettysburg office of Key Insurance,
Inc., Gettysburg, South Dakota.
Approved, May 24, 1994.
Kansas City
CSB, Inc., Bixby, Oklahoma -- to acquire Citizens
Security Bancshares, Inc.
Approved, May 27, 1994.
San Francisco
Cupertino National Bancorp, Cupertino, California
to engage de novo in credit extending activities.
Returned, May 23, 1994.
Kansas City
First Financial Bancshares, Inc., Sallisaw,
Oklahoma -- to acquire First Sallisaw Bancshares,
Inc.
Approved, May 27, 1994.
Minneapolis
First National Bank of Bemidji Employee Stock
Ownership Plan, Bemidji, Minnesota -- to acquire
First Bemidji Holding Company.
Approved, May 24, 1994.
H 2
MAY 23, 1994
PAGE 5
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Philadelphia
Glen Rock State Bancorp, Inc., Glen Rock,
Pennsylvania -- to acquire Glen Rock State Bank.
Approved, May 25, 1994.
Chicago
Heritage Financial Services, Inc., Tinley Park,
Illinois - - t o acquire Midlothian State Bank,
Midlothian, Illinois.
Approved, May 24, 1994.
Atlanta
Hibernia Corporation, New Orleans, Louisiana -- to
merge with Commercial Bancshares, Inc., Abbeville,
Louisiana, and acquire First Commercial Bank,
Franklin, Louisiana.
Approved, May 26, 1994.
Kansas City
Mabrey Bancorporation, Okmulgee, Oklahoma -- to
acquire CSB, Inc., Bixby, Oklahoma, and Citizens
Security Bancshares, Inc.
Approved, May 27, 1994.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota - - t o
acquire a joint venture interest in Title Network
Agency, Buffalo, New York.
Approved, May 25, 1994.
Kansas City
Pinnacle Bancorp, Inc., Central City, Nebraska -- to
acquire Nebraska Capital Corporation, Lincoln,
Nebraska.
Approved, May 27, 1994.
Chicago
Republic Bancorp Co., Orland Park, Illinois (a
Delaware Corporation) -- to acquire APL Financial,
Inc., Chicago, Illinois, and First Cook Community
Bank, FSB.
Approved, May 24, 1994.
Chicago
Republic Bancorp Co., Orland Park, Illinois (an
Illinois corporation) -- to acquire APL Financial,
Inc., Chicago, Illinois, and First Cook Community
Bank, FSB.
Approved, May 24, 1994.
H.2
MAY 23, 1994
PAGE 6
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas
Rio Bancshares Corporation, Wilmington, Delaware -to acquire The Marfa National Bank, Marfa, Texas.
Approved, May 23, 1994.
Boston
Royal Bank of Scotland Group PLC, Edinburgh,
Scotland, and Citizens Financial Group, Inc.,
Providence, Rhode Island - - t o acquire certain
assets and assume certain liabilities of Coastal
Federal Savings Bank, New London, Connecticut.
Approved, May 23, 1994.
St. Louis
Security Bancshares of Pulaski County, Inc., St.
Robert, Missouri - - t o acquire Security Bank of
Pulaski County.
Approved, May 24, 1994.
San Francisco
Union International Financial, South Pasadena,
California -- to acquire Pacific Business Bank,
Carson, California.
Returned, May 24, 1994.
BANK MERGERS
San Francisco
Bank of Fresno, Fresno, California -- to aerge with
Merced Bank of Commerce, Merced, California, and to
establish branches.
Approved, May 23, 1994.
Richmond
First Virginia Bank - Shenandoah Valley, Woodstock,
Virginia -- to merge with First Virginia Bank of
Augusta, Staunton, Virginia, and First Virginia
Bank - Planters, Bridgewater, Virginia, and to
establish branches.
Approved, May 24, 1994.
H.2
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PAGE 7
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MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK PREMISES
Richmond
FCNB Bank, Frederick, Maryland -- investment in bank
premises.
Approved, May 27, 1994.
Philadelphia
Meridian Bank, Reading, Pennsylvania -- investment in
bank premises.
Approved, May 24, 1994.
Dallas
Silsbee State Bank, Silsbee, Texas -- investment in
bank premises.
Approved, May 27, 1994.
BANKS. STATE MEMBER
Director, BS&R
Jefferson Bank of Florida, Miami Beach, Florida —
registration as transfer agent.
Approved, May 26, 1994.
Director, BS&R
Peninsula Trust Bank, Gloucester, Virginia -registration as transfer agent.
Approved, May 26, 1994.
Dallas
Texas City Bank, Texas City, Texas -- payment of a
dividend.
Approved, May 27, 1994.
CAPITAL STOCK
New York
Banco Popular de Puerto Rico, San Juan, Puerto Rico - redemption of shares.
Approved, May 24, 1994.
Kansas City
Douglass Bancorp, Inc., Kansas City, Kansas -redemption of shares.
Approved, May 27, 1994.
Chicago
First State Bancorporation, Independence, Iowa, and
Independence Bancshares, Inc. -- redemption of
shares.
Approved, May 27, 1994.
H.2
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PAGE 8
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MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Chicago
Spring Bancorp, Inc., Springfield, Illinois
redemption of shares.
Approved, May 23, 1994.
CHANGE IN BANK CONTROL
Chicago
First State Bancorporation, Independence, Iowa, and
Independence Bancshares, Inc. -- change in bank
control.
Permitted, May 27, 1994.
Dallas
Lubbock National Bancshares, Inc., Lubbock, Texas
change in bank control.
Permitted, May 25, 1994.
Chicago
Northwood Financial Services Corporation, Northwood,
Iowa -- change in bank control.
Permitted, May 25, 1994.
Dallas
Sabine Bancshares, Inc., Many, Louisiana -- change in
bank control.
Permitted, May 24, 1994.
Chicago
Spring Bancorp, Inc., Springfield, Illinois -- change
in bank control.
Permitted, May 23, 1994.
COMPETITIVE FACTORS REPORTS
Chicago
ABN AMRO Bank N.V., Amsterdam, The Netherlands, ABN
AMRO Holding N.V.; Stichting Administratienkantoor
ABN AMRO Holding; Stichting Prioriteit ABN AMRO
Holding, and ABN AMRO North America, Inc., Chicago,
Illinois -- proposed acquisition of the assets and
assumption of the liabilities of Cragin Federal
Bank of Savings -- report on competitive factors.
Submitted, May 23, 1994.
Atlanta
Bank of Berry, Berry, Alabama, proposed merger with
Bank of Carbon Hill, Carbon Hill, Alabama -- report
on competitive factors.
Submitted, May 23, 1994.
H.2
MAY 23, 1994
PAGE 9
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Bank of Fyffe, Fyffe, Alabama, proposed merger with
Bank of Powell, Powell, Alabama -- report on
competitive factors.
Submitted, May 23, 1994.
San Francisco
California Business Bank, N.A., San Jose, California,
proposed merger with San Jose National Bank -report on competitive factors.
Submitted, May 23, 1994.
Chicago
Citizens National Bank, Charles City, Iowa,
merger with First National Bank, Clarion,
Osage Farmers National Bank, Osage, Iowa,
Citizens National Bank, New Hampton, Iowa
on competitive factors.
Submitted, May 26, 1994.
San Francisco
Clear Lake National Bank, Clearlake, California,
proposed acquisition of the Calistoga and Middleton
branches of Surety Federal Savings Bank, Fallejo,
California -- report on competitive factors.
Submitted, May 23, 1994.
Minneapolis
First Farmers & Merchants State Bank, Brownsdale,
Minnesota, proposed merger with Southwest
Bancorporation, Inc., Minneapolis, Minnesota -report on competitive factors.
Submitted, May 27, 1994.
Minneapolis
First Farmers & Merchants State Bank of Grand Meadow,
Grand Meadow, Minnesota, proposed merger with
Southeast Bancorporation, Inc., Minneapolis,
Minnesota -- report on competitive factors.
Submitted, May 27, 1994.
Atlanta
First Security Bank of Tennessee, Nashville,
Tennessee, proposed merger with Franklin County
Bank, Winchester, Tennessee -- report on
competitive factors.
Submitted, May 25, 1994.
proposed
Iowa,
and
-- report
H.2
MAY 23, 1994
PAGE 10
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
First State Bank of Blakely, Blakely, Georgia,
proposed acquisition of the assets and assumption
of the liabilities to acquire Bostwick Banking
Company, Arlington, Georgia -- report on
competitive factors.
Submitted, May 23, 1994.
Atlanta
Highland Bank, Birmingham, Alabama, proposed merger
with Steiner Bank, Birmingham, Alabama -- report on
competitive factors.
Submitted, May 23, 1994.
Chicago
Midland Savings Bank, FSB, Des Moines, Iowa, proposed
acquisition of the Waterloo & Cedar Falls branches
of MidAmerica Savings Bank, FSB, Waterloo, Iowa -report on competitive factors.
Submitted, May 26, 1994.
Chicago
Midlothian State Bank, Midlothian, Illinois, proposed
merger with Heritage Bank Midlothian -- report on
competitive factors.
Submitted, May 24, 1994.
Chicago
National Bank of Monmouth, Monmouth, Illinois,
proposed merger with Midwest Bank of Oquawka,
Oquawka, Illinois -- report on competitive factors.
Submitted, May 26, 1994.
Dallas
Pacific Southwest Bank, F.S.B., Corpus Christi,
Texas, proposed sale of its Marshall, Texas, branch
at 401 South Alamo Boulevard to Pittsburgh National
Bank, Pittsburgh, Texas -- report on competitive
factors.
Submitted, May 23, 1994.
Atlanta
Peoples State Bank, New Port Richey, Florida,
proposed acquisition of the Port Richey branch of
Community First Bank, Jacksonville, Florida -report on competitive factors.
Submitted, May 23, 1994.
H.2
MAY 23, 1994
PAGE 11
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MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
Standard Federal Bank, Troy, Michigan, proposed
merger with Mackinac Federal Corporation, Detroit,
Michigan -- report on competitive factors.
Submitted, May 26, 1994.
New York
Summit Bancorporation, Chatham, New Jersey, proposed
acquisition of Crestmont Financial Corporation,
Edison, New Jersey, and thereby to indirectly
acquire Crestmont Federal Savings and Loan
Association, Chatham, New Jersey -- report on
competitive factors.
Submitted, May 24, 1994.
New York
Summit Bank, Summit, New Jersey, proposed merger with
Crestmont Federal Savings and Loam Association,
Edison Township, New Jersey -- report on
competitive factors.
Submitted, May 24, 1994.
St. Louis
United Postal Savings Association, St. Louis,
Missouri, proposed merger with Mercantile Bank of
St. Louis, National Association -- report on
competitive factors.
Submitted, May 23, 1994.
Minneapolis
Valley Bank LaCrosse, LaCrosse, Wisconsin, proposed
purchase of the assets and assumption of the
liabilities of the Spu t a branch of M&I Mid-State
Bank, N.A., Stevens Point, Wisconsin -- report on
competitive factors.
Submitted, May 25, 1994.
H.2
MAY 23, 1994
PAGE 12
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
New York
Western Federal Savings Bank of Puerto Rico,
Mayaguez, Puerto Rico, proposed purchase of six
branches and assumption of certain liabilities of
Banco Central Hispano-Puerto Rico, Hato Rey, Puerto
Rico, at c omer of 65th Infantry and Toro Basora
Street, Lajas; 65th Infantry Street, #64, Anasco;
Corner Angel G. Martinez Street #38 and Felix Tio
Street, Sabana Grande; corner Cruz and Manzanales
Street, San German; Road #2, Olaza del Oeste
Shopping Center, San German; and corner of Betances
and Comercio Street, Yauco, Puerto Rico -- report
on competitive factors.
Submitted, May 24, 1994.
EXTENSIONS OF TIME
Dallas
A.N.B. Holding Company, Ltd., Terrell, Texas -extension to September 2, 1994, to acquire American
National Bank of Terrell.
Granted, May 24, 1994.
San Francisco
Bancal Tri-State Corporation, San Francisco,
California -- extension to divest certain property.
Granted, May 27, 1994.
Sam Francisco
BankAmerica Corporation, San Francisco, California -extension to divest certain properties.
Granted, May 27, 1994.
San Francisco
BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, May 27, 1994.
San Francisco
BankAmerica Corporation, San Francisco, California
extension to divest certain property.
Granted, May 27, 1994.
San Francisco
CCB Bancorp, Inc., Santa Ana, California -- extension
to divest certain property.
Granted, May 27, 1994.
H.2
MAY 23, 1994
PAGE 13
TO
MAY
2 7 ,1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago
Comerica Incorporated, Detroit, Michigan -- extension
to August 8, 1994, to engage de novo in employee
benefits consulting and training and placement
services through ComeriComp, Incorporated, Detroit,
Michigan.
Granted, May 25, 1994.
Richmond
FB&T Financial Corporation, Fairfax, Virginia -extension to August 28, 1994, to acquire Fairfax
Bank & Trust Company; and an extension within which
Fairfax Bank & Trust may merge with FB&T Bank, an
organizing bank.
Granted, May 27, 1994.
San Francisco
First Interstate Bancorp, Los Angeles, California
extension to divest certain property.
Granted, May 27, 1994.
Minneapolis
First Manistique Corporation, Manistique, Michigan -extension to July 18, 1994, to engage in lending
activities through a de novo subsidiary, First
Rural Relending Company.
Granted, May 25, 1994.
Chicago
Iowa National Bankshares Corp., Waterloo, Iowa -extension to August 27, 1994, to acquire MidAmerica
F inane ial Corporat ion.
Granted, May 27, 1994.
Chicago
Republic Bancorp Co., Orland Park, Illinois -extension to September 4, 1994, to acquire MAH
Bancorp, Inc., Republic Bank of Chicago, Chicago,
Illinois; MAH Financial, Inc., and First Cook
Community Bank, FSB.
Granted, May 24, 1994.
San Francisco
Tokai Bank, Limited, Nagoya, Japan -- extension to
divest certain property.
Granted, May 27, 1994.
Francisco
;o
San Francisc
U.S. Bancorp, Portland, Oregon -- extension to divest
certain property.
Granted, May 27, 1994.
H.2
MAY 23, 1994
PAGE 14
TO
MAY 27, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago
Whitewater Bancorp, Inc., Whitewater, Wisconsin -extension to August 27, 1994, to engage in lending
and investment activities through CRA Development
Corporation.
Granted, May 26, 1994.
Minneapolis
First Community Bank, Glasgow, Montana - - t o become a
member of the Federal Reserve System.
Approved, May 27, 1994.
Minneapolis
Western Bank of Billings, Billings, Montana -- to
become a member of the Federal Reserve System.
Approved, May 23, 1994.
MEMBERSHIP
H.2
MAY 23, 1994
PAGE 15
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MAY
27
,
ADDITIONS AND CORRECTIONS
1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Regulation H -- publication of proposed rule to
permit state member banks to make certain public
welfare investments (R-0838).
Approved, May 16, 1994.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
New York
Chemical Bank, New York, New York - - t o establish a
branch at the Waldorf-Astoria, 301 Park Avenue, New
York, New York.
Approved, May 21, 1994.
BANK HOLDING COMPANIES
Chicago
Firstbank of Illinois Co., Springfield, Illinois -to engage de novo in trust company activities
through FFG trust Inc.
Returned, May 17, 1994.
COMPETITIVE FACTORS REPORTS
Kansas City
UMB National Bank of America, Salina, Kansas,
proposed merger with UMB First Bank & Trust,
Concordia, Kansas -- report on competitive factors.
Submitted, May 20, 1994.
FEDERAL RESERVE BANK OF BOSTON A P P L IC A T IO N S
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Period Ending Date
Comment
Family Bancorp, Haverhill,
Massachusetts - 5(d)(3)
application to acquire
certain assets and assume
certain liabilities of the
Andover branch of First
Federal Savings Bank of
Boston, Boston, Massachusetts*
Newspaper
Fleet Bank-NH, Nashua, New
Established
Hampshire - Section 9
application to establish
a mobile off-premises
electronic facility to
be operated throughout
the state of New Hampshire*
Newspaper
05-15-94
Not Yet
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Period Ending Date
Comment
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Period Ending Date
Comment
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;
- Needs to Improve; "SN" - Substantial Noncompliance.
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Waterhouse Investor Services, Inc., New York, New York,
("WIS") to become a bank holding company by acquiring
100 percent of the shares of Waterhouse National Bank, White
Plains, New York, a de novo bank; WIS also proposes to acquire
Waterhouse Investor Services, Inc., and Waterhouse Discount
Brokerage Corp., both of New York, and thereby engage in
providing securities brokerage services restricted to buying
and selling securities solely as agent for the account of the
customers.1/
6/6/94 2/
Village Bancorp, Inc., Ridgefield, Connecticut, to acquire
100 percent of the shares of Liberty National Bank, Danbury,
Connecticut.1/
6/21/94 3/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Creditanstalt-Bankverein, Vienna, Austria, through its
wholly-owned subsidiary, Creditanstalt-International
Advisers Group Inc., to acquire a 24.5 percent limited
partnership interest in Gulfstream Global Investors, Ltd.,
Dallas, Texas, a partnership between Tull, Dowd, Marsh,.
& Tritsch, Inc., Dallas, Texas, the 51 percent general
partner, and The Sail Company, currently the 49 percent
limited partner, and thereby to engage in investment
advisory activities.
6/13/94
J.P. Morgan Sc Co., Incorporated, New York, New York through
its subsidiary, J.P. Morgan Community Development Corporation,
to acquire an 18.0 percent equity interest in New York Equity
Fund 1993 Limited Partnership and thereby engage in community
development activities.
6/13/94
The Summit Bancorporation, Chatham, New Jersey ("Bancorporation")
to acquire 100 percent of the voting shares of Crestmore
Financial Corp., Edison, New Jersey ("Crestmore Financial"),
a financial savings and loan holding company with respect to
Crestmore Federal Saving and Loan Association which will merge
with Bancorporation's bank subsidiary, Summit Bank and under
certain circumstances to exercise a stock option to purchase
up to 19.9 percent of the outstanding shares of Crestmore
Financial.
6/27/94
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only), con't .
The Bank of Montreal, Montreal, Canada; The Bank of Nova
Scotia, Toronto, Canada; Barclays PLC, London, United Kingdom;
Barclays Bank PLC, London, United Kingdom; CS Holding,
Zurich, Switzerland; Deutsche Bank AG, Frankfurt, Germany;
The Fuji Bank, Limited, Tokyo, Japan; HSBC Holdings, PLC,
London, United Kingdom; HSBC Holdings B.V., Amsterdam,
Netherlands; Marine Midland Banks, Inc., Buffalo, New York;
The Long-Term Credit Bank of Japan, Limited, Tokyo, Japan;
The Nippon Credit Bank, Ltd., Tokyo, Japan; and The Sanwa
Bank Limited, Osaka, Japan; to acquire Government Pricing
Information System, Inc., New York, New York, a joint venture,
and thereby engage in data processing services.
6/27/94
SECTION IV
Applications Not Involving
______ Public Comment______
None .
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending May 28. 1994
NAME OF BANK
RATING
EXAMINATION DATE
None.
Hi CN| n |
/
/
/
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
F E D E R A L R E S E R V E BAN K O F P H I L A D E L P H I A
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
rftMmftnf Period Ending Pate
Keystone Financial. Inc., Harrisburg, PA, requests approval to acquire, through its
bank subsidiary Northern Central Bank, two branch offices of Citizens Savings
Association of Clarks Summit, Clarks Summit, PA, pursuant to Section 5(d)(3) of the FDI
Act, (the Oakar Amendment.)
Newspaper c.p. expires: 6/28/94
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
None.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.
Federal R eserve B ank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending May 28, 1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received OAKAR application from KeyCorp, Cleveland,
Ohio, on May 27, 1994, to acquire State Home Savings
Bank, FSB, Bowling Green, Ohio, and merge it into Society
National Bank, Cleveland, Ohio.
*N ot Yet Known #
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 (a )(5 ) application from First
Commonwealth Financial Corporation, Indiana,
Pennsylvania, on May 27, 1994, to acquire United
National Bancorporation, Chambersburg, Pennsylvania.
*N ot Yet Known #
Received Section 3 (a )(3 ) and 3 (a )(5 ) applications
from Mellon Bank Corporation, Pittsburgh, Pennsylvania,
on May 26, 1994, to acquire Glendale Bancorporation,
Voorhees Township, New Jersey.
* Not Yet Known #
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4 (c )(8 ) application from First
Commonwealth Financial Corporation, Indiana,
Pennsylvania, on May 27, 1994, to acquire Unitas
Mortgage Corporation, Carlisle, Pennsylvania.
Received Section 4 (c )(8 ) application from Provident
Bancorp, Inc., Cincinnati, Ohio, on May 23, 1994, of
its intent to acquire a 50 percent partnership interest
in West Shell Mortgage Company, Cincinnati, Ohio.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date o f application's receipt
# # - Expected to end approximatley 18 days from date o f application's receipt
* Not Yet Known #
Not Yet Known
#
Federal R eserve Bank
of C leveland
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending May 28, 1994)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4 (c )(8 ) application from KeyCorp,
Cleveland, Ohio, on May 27, 1994, to acquire State
Home Savings Bank, FSB, Bowling Green, Ohio, and
merge it into Society National Bank, Cleveland, Ohio.
* Not Yet Known #
Received Section 4 (c )(8 ) notice from Banc One
Corporation, Columbus, Ohio, on May 25, 1994, o f its
intent to engage in collection agency activities
pursuant to Section 2 2 5 .2 5 (b )(2 3 ) of Regulation Y
through its subsidiary, System One.
Not Yet Known #
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
None
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date o f application's receipt
# # - Expected to end approximatley 18 days from date o f application's receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(May 27, 1994)
The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended May 27, 1994. If you are
interested in obtaining a copy of an evaluation document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs o f its entire delineated community, including lowand 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 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: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs o f its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COM PLIANCE: a bank in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Commerce Bank Corporation, College Park,
Maryland, to establish a branch at 4451-C
Parliament Place, Lanham, Maryland.*
6-17-94
The Farmers 6c Merchants Bank of Craig
County, New Castle, Virginia, to establish
a drive-in facility on the northwest corner
of Walnut Street and Court Street, New Castle,
Virginia.*
6-20-94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Potomac Bancshares, Inc., Charles Town,
West Virginia, to become a bank holding
company through the acquisition of 100%
of the voting shares of Bank of Charles
Town, Charles Town, West Virginia.*
6-20-94
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
Carolina First Corporation, Greenville,
South Carolina, to make an investment
in an affordable housing project for
elderly persons.
Not yet available.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
None.
*Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending May 27, 1994
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date____
Virginia Heartland Bank
4700 Harrison Road
Fredericksburg, Virginia
Bank of Lancaster
100 Main Street
Kilmarnock, Virginia
22404
22482
Rating
3-14-94
Satisfactory
3-14-94
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 27, 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Sun Bank of Ocala
Ocala, Florida
To merge with Sun Bank of Gainesville,
Gainesville, Florida, pursuant to Section
18(c) of the Federal Deposit Insurance Act.
06-28-94*
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Not yet available*
Alabama Bancorp
Birmingham, Alabama
After-the-fact change in control notice by
Elton B. Stephens Charitable Lead Annuity
Trust, to retain 36.6 percent of the
outstanding shares of Alabama Bancorp,
Birmingham, Alabama.
Not yet available*
Regions Financial Corporation
(formerly First Alabama Bancshares, Inc.)
Birmingham, Alabama
To merge with First Community Bancshares,
Inc., Rome, Georgia, and thereby directly
acquire First Rome Bank, pursuant to
Section 3 ( a ) (5) of the Bank Holding Company
Act.
Regions Financial Corporation
(formerly First Alabama Bancshares, Inc.)
Birmingham, Alabama
To merge with BNR Bancshares, Inc., New
Roads, Louisiana, and thereby directly
acquire Bank of New Roads, New Roads,
Louisiana, pursuant to Section 3 ( a ) (5)
of the Bank Holding Company Act.
Not yet available*
The Bank Holding Company
Griffin, Georgia
To acquire First Community Bank of Henry
County, McDonough, Georgia, pursuant to
Section 3 ( a ) (3) of the Bank Holding
Company Ac t ._________________________________
Not yet available*
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 27. 1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Synovus Financial C o r p .
Columbus, Georgia
Along with its top-tier bank holding
company, TB&C Bancshares, Inc.,
Columbus, Georgia, and its wholly-owned
bank holding company subsidiary, Synovus
Financial Corp. of Alabama, Jasper,
Alabama, to merge with State Bancshares,
Inc., Enterprise, Alabama, and thereby
directly acquire Coffee County Bank,
Enterprise, Alabama, pursuant to Section
3 ( a ) (5) of the Bank Holding Company Act.
Not yet available*
First Bankshares, Inc.
East Point, Georgia
1-BHC formation, First Bank of Georgia,
East Point, Georgia.
Not yet available*
CM Bank Holding Company
Lake Charles, Louisiana
1-BHC formation, The Calcasieu Marine
National Bank of Lake Charles, Lake
Charles, Louisiana.
Trustmark Corporation
Jackson, Mississippi
To merge with First National Financial
Corporation, Vicksburg, Mississippi,
and thereby directly acquire First
National Bank of Vicksburg, Vicksburg,
Mississippi, pursuant to Section 3(a)(5)
of the Bank Holding Company Act.
06-16-94*
Federal Register
Not yet available*
Washington/Wilkes Holding Company
Not yet available*
Washington, Georgia
To acquire The Peoples Bank, Crawfordville,
Georgia, pursuant to Section 3(a)(3) of
the Bank Holding Company Act.
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 27, 1994
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
None.
Section 4 - Applications N ot Subject to
Federal Register Notice or Newspaper Notice
Application
Premier Bancorp, Inc.
Baton Rouge, Louisiana
Request for waiver of the application requirement
under Section 3 ( a ) (3) of the Bank Holding Company
Act for the acquisition of Red River Valley Bank,
Bossier City, Louisiana.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 27. 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information
about an institution's CRA evaluation may be obtained directly
from the institution.
In connection with the assessment of an
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
None.
Rating
Date
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period"
Ending Date
Type
Application
Oakar
Chemical Bank and Trust Company
Freeland, Michigan
Freeland, Michigan Office of
Standard Federal Bank
Troy, Mi chigan
N - 6-03-94
Oakar
Farmers State Bank of Breckenridge
Breckenridge, Michigan
Hemlock, Michigan Branch of Standard
Federal Bank
Troy, Michigan
N - **
Oakar
M&I Mid-State Bank, N.A.
Stevens Point, Wisconsin
Valley Bank Western, F.S.B.
Sparta, Wisconsin
N - **
EFT
Comerica Bank
Detroit, Michigan
•7th precinct of the Detroit Police Dept.
330 Mack Avenue Avenue
Detroit, Michigan
N - 5-31-94
Member
North Shore Community Bank & Trust Company
Wilmette, Illinois
(in organization)
to become a member of the Federal
Reserve System
N - 6-17-94
Branch
New Asia Bank
Chicago, Illinois
8301 Cass Avenue
Darien, Illinois
N - 6-13-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Dare
Type
Application
Y-2
Amcore Financial Inc.
Rockford, Illinois
First State Bancorp of Princeton,
Illinois, Inc.
Princeton, Illinois
First Bank of Gridley
Gridley, Illinois
First State Bank of Princeton
Princeton, Illinois
First Bank of Ashton-Rochelle
Ashton, Illinois*
FR - 5-27-94
N
- 5-14-94
CoC-HC
Community Illinois Corporation
Rock Falls, Illinois
Louis F. Pignatelli
FR - 5-25-94
N
- ★*
Y-2
Baylake Corp.
Sturgeon Bay, Wisconsin
Kewaunee County Banc-shares,
•Kewaunee, Wisconsin
State Bank of Kewaunee
Kewaunee, Wisconsin*
FR - 5N
- 6-
31-94
15-94
Inc.
Y-l
Madison Bancorp, Inc.
Madison Heights, Michigan
Madison National Bank
Madison Heights, Michigan*
FR - 5-27-94
N
- 5-20-94
Y-l
Northwest Indiana Bancorp
Munster, Indiana
Peoples Bank, SB
Munster, Indiana*
FR - 5-27-94
N
- 3-07-94
Y-2
Town Financial Corporation
Hartford City, Indiana
Pacesetter Bank of Hartford City
Hartford City, Indiana
Pacesetter Bank of Montpelier
Montpelier, Indiana*
FR - 5-31-94
N
- 5-18-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period;
Ending Date
Type
Application
Y-2
Comerica Incorporated
Detroit, Michigan
Lockwood Banc Group, I n c .
Houston, Texas
Lockwood National Bank
Houston, Texas*
FR - 5-31-94
N - 6-06-94
Y-2
Comerica Texas Incorporated
Dallas, Texas
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
Houston, Texas*
FR - 5-31-94
N - 6-06-94
Y-2
Firstar Corporation
Milwaukee, Wisconsin
First Southeast Banking Corp.
Lake Geneva, Wisconsin
First Bank Southeast, N.A.
'Milwaukee, Wisconsin
First Bank Southeast of Lake Geneva, N.A.
Lake Geneva, Wisconsin*
Y-2
Republic Bancorp, Inc.
Ann Arbor, Michigan
Horizon Savings Bank
Beachwood, Ohio*
FR - 6-13-94
N - **
CoC
Mid America Banks,
Collins, Iowa
Gary Hested
Michael R. Rude
J .C . Van Ginkel
FR - 6-09-94
N - 5-18-94
Y-2
Firstar Corporation of Wisconsin
Milwaukee, Wisconsin
First Southeast Banking Corp.
Lake Geneva, Wisconsin
First Bank Southeast, N.A.
Milwaukee, Wisconsin
First Bank Southeast of Lake Geneva, N.A.
Lake Geneva, Wisconsin*
Inc.
FR - 5-31-94
N - **
FR
N
5-31-94 :
**
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Dare
Type
Application
Y-2
Horizon Bancorp Employees Stock
Ownership Plan
Michigan City, Indiana
Horizon Bancorp
Michigan City, Indiana
First Citizens Bank N.A.
Michigan City, Indiana
FR - **
NP - 6-15-94
Y-l
AJJ Bancorp, Inc.
Elkader, Iowa
Central State Bank
Elkader, Iowa
FR - 6-17-94
NP - **
Y-l
First National Bancorp
Farragut, Iowa
First National Bank of Farragut
Farragut, Iowa
FR - 6-24-94
NP - **
Y-l
Wintrust Investments, Inc.
Lake Forest, Illinois
North Shore Community Bank & Trust
Company
(in organization)
Wilmette, Illinois
FR - **
NP - 6-17-94
Y-l
Grant Park Bancshares, Inc.
Alton, Illinois
First National Bank of Grant Park
Grant Park, Illinois
Federal Reserve Bank of Chicago
FR - 6-20-94
NP - **
Y-l
Bellevue State Bank Employee
Stock Ownership Plan
Bellevue, Iowa
Bellvue Service Company
Bellvue, Iowa
Bellevue State .Bank
Bellvue, Iowa
FR - 6-20-94
NP - **
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date?
iy.ee
Application
Y-2
FR
Bank of Montreal
NP
Montreal, Canada
Suburban Bancorp, Inc.
Palatine, Illinois
Marengo State Bank
Marengo, Illinois
Suburban Bank of Hoffman-Schaumburg
Schaumburg, Illinois
Suburban Bank of Oakbrook Terrace
Oakbrook Terrace, Illinois
Suburban Bank of Barrington
Barrington, Illinois
Suburban Bank of Cary-Grove
Cary, Illinois
Suburban Bank of Rolling Meadows
Rolling Meadows, Illinois
Suburban Bank of Westbrook
Westchester, Illinois
Suburban National Bank
Aurora, Illinois
Suburban National Bank of Elk Grove Village
‘Elk Grove Village, Illinois
Suburban National Bank of Palatine
Palatine, Illinois
State Bank of Woodstock
Woodstock, Illinois
State Bank of Huntley
Huntley, Illinois
Huntley Acquisition Corp.
Huntley, Illinois
Woodstock Acquisition Corp.
Woodstock, Illinois
Suburban Bank of Bartlett
Bartlett, Illinois
6-17-94
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-2
Bankmont Financial Corp.
FR - 6-17-94
New York, New York
NP - **
Harris Bankmont, Inc.
Chicago, Illinois
Suburban Bancorp, In c .
Palatine, Illinois
Suburban Bank of Hoffman-Schaumburg
Schaumburg, Illinois
Suburban Bank Oakbrook Terrace
Oakbrook Terrace, Illinois
Suburban Bank of Barrington
Barrington, Illinois
Suburban Bank of Bartlett
Bartlett, Illinois
Suburban Bank of Cary-Grove
Cary, Illinois
Suburban Bank of Rolling Meadows
Rolling Meadows, Illinois
Suburban Bank of Westbrook
'Westchester, Illinois
Suburban National Bank
Aurora, Illinois
Suburban National Bank of Elk Grove Village
Elk Grove Village, Illinois
Suburban National Bank of Palatine
Palatine, Illinois
State Bank of Woodstock
Woodstock, Illinois
State Bank of Huntley
Huntley, Illinois
Huntley Acquisition Corp.
Huntley, Illinois
Woodstock Acquisition Corp.
Woodstock, Illinois
Marengo State Bank
Marengo, Illinois
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Dat-p
Type
Application
Y-l
Harris Bankmont, Inc.
FR - 6-17-94
Chicago, Illinois
NP - **
Suburban Bancorp, Inc.
Palatine, Illinois
Suburban National Bank
Aurora, Illinois
Suburban National Bank of Elk Grove Village
Elk Grove Village, Illinois
Suburban National Bank of Palatine
Palatine, Illinois
State Bank of Woodstock
Woodstock, Illinois
State Bank of Huntley
Huntley, Illinois
Huntley Acquisition Corp.
Huntley, Illinois
Woodstock Acquisition Corp.
Woodstock, Illinois
Marengo State Bank
•Marengo, Illinois
Suburban Bank of Hoffman-Schaumburg
Schaumburg, Illinois
Suburban Bank of Oakbrook Terrace
Oakbrook Terrace, Illinois
Suburban Bank of Barrington
Barrington, Illinois
Suburban Bank of Cary-Grove
Cary, Illinois
Suburban Bank of Rolling Meadows
Rolling Meadows, Illinois
Suburban Bank of Westbrook
Westchester, Illinois
Suburban Bank of Bartlett
Bartlett, Illinois
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(Continued)
Comment Period
Ending Date
Type
Application
Y-4
First Midwest Corporation of Delaware
Elmwood Park, Illinois
Midwest One Mortgage Services, Inc.
Melrose Park, Illinois
FR - 6-6-94
4 (C) (8)
Horizon Bancorp
Michigan City, Indiana
Engage in lending activities
FR - **
4 (c) (8)
Garrett Bancshares LTD.
Bloomfield, Iowa
Engage in the making of a loan to a
principal of North Side of the Square,
FR - 5-31-94
Inc.
4 (c) (8)
Heartland Financial USA, Inc.
Dubuque, Iowa
KFS Services, Inc.
Keokuk, Iowa - engage in acting as
principal, agent or broker for insurance
FR - 6-02-94
4(c) (8)
First of America Bank Corporation
Kalamazoo, Michigan
First of America Securities, Inc.
Kalamazoo, Michigan - providing full
service brokerage; fin. advice &
underwriting & dealing in securities
FR - 6-6-94
4 (c) (8)
Firstbank of Illinois Co.
Springfield, Illinois
FFG Trust, Inc.
Springfield, Illinois - engage in trust
company activities
FR - 6-13-94
Y-4
Bellevue State of Employee Stock
Ownership Plan
Bellevue, Iowa
Bellevue Insurance Agency
Bellevue, Iowa - to engage in insurance
activities
FR - 6-20-94
4(C) (8)
Peotone Bancorp, Inc.
Peotone, Illinois
To engage in data processing services
FR - **
4 (c)(8)
Southwest Bancorp, Inc.
Worth, Illinois
To engage in data processing services
FR
**
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
4(c) (8)
ABN AMRO Bank N.V.
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - **
4 (c) (8)
ABN AMRO Holding N.V.
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - **
4(c) (8)
Stichting Administratiekantoor ABN AMRO
Holding
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - **
4 (c) (8)
Stichting Prioriteit ABN AMRO Holding
Amsterdam, The Netherlands
Engage in leasing activities thru
Lease Plan (USA), Inc.
FR - **
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Application
Ty-pe
RoS
First Security Banshares, Inc.
Lake Park, Iowa
Redeem treasury stock from Joann Kuehl
RoS
First Forest Park Corporation
Forest Park, Illinois
Redeem up to 1,634 shares of its outstanding common stock
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve
Bank of Chicago for compliance with the CRA. The 30-business day period the
bank has to make the evaluation public has lapsed during the week ending May
27, 1994.
If you are interested in obtaining a copy of the evaluation
document, please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group
in,ascertaining and helping to
community, including low- and
consistent with its resources
has an outstanding record of, and is a leader
meet the credit needs of its entire delineated
moderate- income neighborhoods, in a manner
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, includin
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
EXAMINATION DATE
RATINGS
-Isabella Bank & Trust
200 East Broadway, Box 100
Mount Pleasant, Michigan
48804
517-772-9471
2/14/94
S
-Iowa State Bank
P.0. Box 814
Hull, Iowa
51239
712-439-1025
2/14/94
S
-First Bank of Berne
102 Main Street, Box 369
Berne, Indiana
46711
219-589-2151
2/21/94
S
-Camp Grove State Bank
One Main Street
Camp Grove, Illinois
309-493-5311
2/28/94
S
61412
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING MAY 27, 1994
Application
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
* Section 5(d)(3) application by First National
Security Company, DeQueen, Arkansas, to acquire
the Ashdown, Arkansas branch of United Federal
Savings Bank, Springdale, Arkansas.
Application
Newspaper:
6-30-94
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
* Section 3(a)(5) application by Arvest Bank Group,
Inc., Bentonville, Arkansas, to merge with
First Bancshares, Inc., Bartlesville, Oklahoma.
Newspaper:
6-24-94
Change in Control notification involving Carlson
Bancshares, Inc., West Memphis, Arkansas, by
Ralph C. Carlson.
Not yet available
Change in Control notification involving Capital
Bancorporation, Inc., Cape Girardeau, Missouri,
by William Lauber and Douglas Hommert (as trustees
of five trusts collectively); also separately by
Capital Trust (previously reported during week
ending 5-13-94).
F.R.:
6-14-94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Trans Financial
Bancorp, Inc., Bowling Green, Kentucky, to engage,
de novo. in full service securities brokerage
activities thru its subsidiary, Trans Financial
Investment Services, Inc., Nashville, Tennessee.
Not yet available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.*
* This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community 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 meeting community 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 improve record o f meeting community credit needs
An 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 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 o f its entire delineated community, including low - and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
None
May 27, 1994
Bank Address
Examination
Date
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
NONE.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Ending Date
Norwest Financial Special Services,
Inc., Des Moines, IA,
To acquire 100% of the voting
shares of Norwest Financial, Inc.
Des Moines, IA, and thereby
indirectly acquire Dial Bank,
Sioux Falls, SD*
Not yet available
Bremer Financial Corporation,
St. Paul, MN
To acquire 100% of the voting
shares of Dunn County
Bankshares, Inc., Menomonie, WI*
Not yet available
Menomonie Acquisition Corporation
Amery, WI
To acquire 97.53% of the voting
shares of First American Bank
Wisconsin, Amery, WI*
Not yet available
Dunn County Bankshares, Inc.,
Menomonie, WI
To acquire 100% of the voting
shares of Menomonie Acquisition
Corporation, Amery, WI*
Not yet available
Otto Bremer Foundation
St. Paul, MN
To acquire 100% of the voting
shares of Dunn County
Bankshares, Inc., Menomonie, WI*
Not yet available
Dirk Gasterland, Jan Gasterland
Hans Gasterland and Gretchen Gilbertson
To each acquire 21.84% of the voting
shares of Coulee Bancshares, Inc.,
LaCrosse, WI*
June 1, 1994
(Federal Register)
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application (Continued)
Sturzl Revocable Trust and Peggy
Sturzl, as Trustee
Laona, WI
Sturzl Revocable Trust acquired
200 shares (28%) of Northern
Wisconsin Bank Holding Company's
stock as a transfer from Eddie
Sturzl*
Comment Period
Ending Date
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Onlv
Application
Comment Period
Endine Date
Norwest Corporation
Minneapolis, MN
To acquire the mortgage origination
and servicing business of American
National Bank, Silver City, NM
June 20, 1994
Bremer Financial Corporation
St. Paul, MN
To extend credit for the purpose
of financing payment of insurance
premiums through the acquisition
of Premium Finance Corporation,
Menomonie, WI
Not yet available
Otto Bremer Foundation
St. Paul, MN
To extend credit for the purpose
of financing payment of insurance
premiums through the acquisition
of Premium Finance Corporation,
Menomonie, WI
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Onlv
Application (Continued)
Comment Period
Ending Date
Norwest Financial Special Services, Inc.
Des Moines, IA
To engage in Consumer Finance;
underwriting, as principal, and
the sale, on an agency basis, of
credit life, accident and health
(disability) and involuntary
unemployment insurance in
connection with extensions of
credit of Norwest and its
subsidiaries; sale, on an agency
basis, of property and credit
related casualty insurance;
sale, on an agency basis, of
insurance products including,
but not limited to, title
insurance; insurance premium
finance; credit cards; data
processing services; accounts
receivable financing (factoring);
lease financing; commercial
lending; operation of a collec
tion agency; and fiduciary
activities through the acquisition
of Norwest Financial, Inc.
Des Moines, IA, and Dial National
Bank, Des Moines, IA*
Not yet available
NqrwesC Corporation
Minneapolis, MN
To acquire the Mortgage
Origination Business of
LaPorte Bank and Trust Company
LaPorte, IN*
Not yet available
Norwest Corporation
Minneapolis, MN
To acquire the assets of
First Insurance Agency of
Detroit Lakes, Inc.
Detroit Lakes, MN*
Not yet available
*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending May 27, 1994
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to 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
COMMENT PERIOD ENDING DATE
First Security Bank, Newcastle,
Wyoming, for prior approval to pay a
dividend of $150,000.
Not Available
Havelock Bank, Lincoln, Nebraska, for
prior approval for membership in the
Federal Reserve System.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Ellen L. Munter, Coleridge, Nebraska,
for prior approval to increase her
proportionate ownership interest in
Gray Bancorp, Coleridge, Nebraska,
from 50.86 percent to 67.90 percent.*
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:
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.
Federal Reserve Bank of Kansas City
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent
with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent
with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner consistent
with its
resources and capabilities.
Bank/Location
Exam Date
None.
♦Application is subject to CRA.
CRA Public
Date
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 23, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
♦Section 3(a)(3) application by
GNB Bancshares, Inc., Gainesville, TX, to acquire
Lake Cities Financial Corporation, Lake Dallas, TX, and
Lake Cities State Bank, Lake Cities, TX
(Previously reported during the week of 5-9-94)
♦Section 3(a)(5) application by
Guaranty National Bancshares, Inc., Wilmington, DE,
to acquire Lake Cities Financial Corporation, Lake
Dallas, TX
(Previously reported during the week of 5-9-94)
♦Section 3(a)(1) application by
Riverway Holdings, Inc., Houston, TX, to acquire
Riverway Holdings of Delaware, Inc., Wilmington, DE,
and Riverway Bank, Houston, TX
(Previously reported during the week of 5-9-94)
♦Section 3(a)(1) application by
Riverway Holdings of Delaware, Inc., Wilmington, DE,
to acquire Riverway Bank, Houston, TX
(Previously reported during the week of 5-9-94)
Change in Control Notice by
Howard Earl Rachofsky, Dallas, TX, to acquire an
interest in ROSB Bancorp, Inc., Red Oak, TX
** NOTICE EXP
94/06/10
94/06/10
94/06/13
94/06/13
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
Section 4(c)(8) de novo notification by
Riverway Holdings, Inc., Houston, TX, to acquire
Riverway Financial Services, Inc., Houston, TX
(engage in providing investment advice)
(Previously reported during the week of 5-9-94)
Section 4(c)(8) de novo notification by
Riverway Holdings of Delaware, Inc., Wilmington, DE, to
acquire Riverway Financial Services, Inc., Houston, TX
(engage in providing investment advice)
(Previously reported during the week of 5-9-94)
NOTICE EXP
94/06/10
94/06/10
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
♦Section 9 application received from
American Bank, L.B.A., Corpus Christi, TX,
to become a member of the Federal Reserve System
(Bank is currently American National Bank)
(Resubmission)
* 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 23. 1994
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
None.
Date of
Examination
CRA Rating
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 5/27/94
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
Vancouver Bancorp, Vancouver, Washington, to
become a bank holding company by acquiring
Bank of Vancouver, Vancouver, Washington. *
Newspaper:
6/24/94
Fed. Reg.:
Not available
Section III - Applications Subject to Federal Register Notice Only
Grupo Financiero Serfin, S.A., Mexico City,
Fed. Reg.:
Mexico, to establish Serfin Funds Transfer, Inc.,
Los Angeles, California, and engage in receiving/
transmitting of money, buying/selling foreign currency,
cashing US$ payroll checks, cash advances on credit
cards, issuing/selling US$ and foreign currency denom
inated money orders and similar payment investments.
Not yet published
BWC Financial Corp., Walnut Creek, California, to
form and acquire BWC Real Estate, Inc., Walnut
Creek, California, which will in turn own 51 percent
of BWC Mortgage Services, a joint venture.
6/24/94
Fed. Rea.:
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 5/27/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending May 27, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution
Location
Examination Date
First American Bank
8941 E. Valley Blvd.
2/07/94
Rosemead, CA 91770-1831
(818) 287-6100
Rating*
Needs to Improve
♦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