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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1992, No. 22 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending May 30, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Budgets and expenses — statements by Governor Angell on budgets and expenses of the Federal Reserve Banks for 1992; and by Governor Kelley on the BoardTs budget for 1992 before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking, Finance and Urban Affairs, May 27, 1992. Authorized, May 26, 1992. Budgetary impact of replacing the $1 note with a new $1 coin — statement by Theodore E. Allison, Assistant to the Board for Federal Reserve System Affairs before the Task Force on Economic Policy, Projections, and Revenues of the House Committee on the Budget, May 28, 1992. Authorized, May 28, 1992. BANK HOLDING COMPANIES Antioch Holding Company, Antioch, Illinois — written agreement dated April 24, 1992, with the Federal Reserve Bank of Chicago. Announced, May 26, 1992. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management H .2 MAY 26, 1992 PAGE 2 TO MAY 29, 1992 A CTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago Bankers Trust Company, Des Moines, Iowa — to establish an automated teller machine at Kum-N-Go, 50th and E.P. True Parkway, West Des Moines, Iowa. Approved, May 29, 1992. Chicago Bankers Trust Company, Des Moines, Iowa — to establish an offsite electronic facility at TaitTs Foods, 4100 University. Approved, May 29, 1992. Minneapolis Commercial Trust and Savings Bank, Mitchell, South Dakota — to establish a branch in Woonsocket, South Dakota. Approved, May 27, 1992. S t . Louis Farmers & Merchants Bank, Hannibal, Missouri— to establish a branch at 307 Broadway, Hannibal, Missouri. Approved, May 26, 1992. San Francisco Valley Bank of Nevada, Las Vegas, Nevada — to establish an automated teller machine at 3200 Las Vegas Boulevard, South. Approved, May 26, 1992. BANK HOLDING COMPANIES Dallas A.N.B. Holding Company, Ltd., Terrell, Texas — acquire American National Bank of Terrell. Approved, May 27, 1992. Richmond Columbia Bancorp, Columbia, Maryland — to acquire Fairview Federal Savings and Loan Association, Ellicott City, Maryland. Approved, May 29, 1992. Richmond Columbia Bancorp, Columbia, Maryland — proposal that The Columbia Bank, Columbia, Maryland, merge with the successor to Fairview Federal Savings and Loan Association, Ellicott City, Maryland. Approved, May 29, 1992. Minneapolis Edwards Brothers Holding Company, Denton, Montana — to acquire Farmers State Bank of Denton. Approved, May 29, 1992. to H .2 MAY 26, 1992 PAGE 3 TO MAY 29, 1992 ACTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis Farmers Capital Bank Corporation, Frankfort, Kentucky — to engage de novo in the sale of motor club memberships through Money One Credit Corporation. Returned, May 29, 1992. Minneapolis First Bancshares Corporation, Gladstone, Michigan — to acquire First Bank, Upper Michigan, N.A., Gladstone, Michigan. Approved, May 26, 1992. Minneapolis First Integrity Bancorporation, Inc., Staples, Minnesota — to acquire Frazee Bancorporation, Inc., Frazee, Minnesota. Approved, May 29, 1992. Atlanta First Metro Bancorp, Muscle Shoals, Alabama — acquire First Metro Bank. Approved, May 29, 1992. GC First National Corporation of Wynne, Wynne, Arkansas — determination that sale of a certain parcel of real estate by First National Bank of Wynne constitutes divestiture. Granted, May 29, 1992. S t . Louis First Southeast Missouri Bancorporation, Scott City, Missouri — to acquire Exlano, Inc., Marble Hill, Missouri, and Security Bank of Bollinger County. Approved, May 28, 1992. Chicago First State Bancshares, Inc., New London, Wisconsin - to acquire First State Bank. Approved, May 29, 1992. Chicago Firstar Corporation, Milwaukee, Wisconsin — to acquire Federated Bank, S.S.B., Wauwatosa, Wisconsin, and Federated Insurance Services Corporation, Menomonee Falls, Wisconsin. Approved, May 27, 1992. San Francisco Home Credit Corporation, Salt Lake City, Utah — to engage de novo in data processing, tax planning, and certain insurance activities. Permitted, May 29, 1992. to H .2 MAY 26, 1992 PAGE 4 TO MAY 29, 1992 ACTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City J & L Holdings Limited Partnership, San Marcos, Texas — to acquire Plainview Holding Company, Pilger, Nebraska. Approved, May 27, 1992. Minneapolis Lake Elmo Bank Profit Sharing Plan and the Lake Elmo Bank Profit Sharing Trust — to acquire additional shares of Lake Elmo Bancorp., Inc. Approved, May 29, 1992. Atlanta Meigs County Bancshares, Inc., Decatur, Tennessee — to acquire Meigs County Bank. Approved, May 29, 1992. Cleveland North American Bancorp, Inc., Pittsburgh, Pennsylvania — to acquire The North Side Deposit Bank. Approved, May 28, 1992. Dallas Northwest Bancshares Corporation, Benton, Louisiana - to acquire First National Bank of Benton. Approved, May 29, 1992. Atlanta Pioneer Bancshares, Inc., Chattanooga, Tennessee — to acquire Pioneer Bank. Approved, May 29, 1992. Chicago Prairie Bancorp, Inc., Manlius, Illinois — to acquire First Hanover Bancorp, Inc., Hanover, Illinois, and Hanover State Bank. Approved, May 29, 1992. Cleveland Premier Financial Bancorp, Inc., Vanceburg, Kentucky — to acquire Citizens Deposit Bank & Trust, Vanceburg, Kentucky. Approved, May 28, 1992. Atlanta Sarasota BanCorporation, Inc., Sarasota, Florida — to acquire Sarasota Bank. Approved, May 29, 1992. H .2 MAY 26, 1992 PAGE 5 TO MAY 29, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary Southern National Corporation, Lumberton, North Carolina — to acquire Southern Savings Bank of Elkin, Inc., S.S.B., Elkin; and Southern Savings Bank of Valdese, Inc., S.S.B., Valdese, North Carolina. Approved, May 29, 1992. Dallas Wellington Delaware Financial Corporation, Dover, Delaware — to acquire Wellington State Bank, Wellington, Texas. Returned, May 27, 1992. Dallas WSB Bancshares, Inc., Wellington, Texas — to acquire Wellington Delaware Financial Corporation, Dover, Delaware, and Wellington State Bank, Wellington, Texas. Returned, May 27, 1992. BANK MERGERS Minneapolis Commercial Trust and Savings Bank, Mitchell, South Dakota — to merge with Sanborn County Bank, Woonsocket, South Dakota. Approved, May 27, 1992. Secretary First of America Bank-Ann Arbor, Ann Arbor, Michigan — to merge with First of American Bank Plymouth N.A. Plymouth, Michigan, and to establish four branches. Approved, May 29, 1992. H .2 MAY 26, 1992 PAGE 6 TO MAY 29, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Richmond Bank of Clarke County, Berryville, Virginia — investment in bank premises. Approved, May 27, 1992. Secretary First of America Bank-Ann Arbor, Ann Arbor, Michigan — investment in bank premises. Approved, May 29, 1992. Dallas Minden Bank & Trust Company, Minden, Louisiana — investment in bank premises. Approved, May 29, 1992. Kansas City Western Bank of Cody, Cody, Wyoming — bank premises. Approved, May 29, 1992. investment in CAPITAL STOCK Minneapolis Lake Elmo Bancorp, Inc., Lake Elmo, Minnesota — redemption of shares. Approved, May 29, 1992. Minneapolis Lake Elmo Bank Profit Sharing Trust, Lake Elmo, Minnesota, and the Lake Elmo Bank Profit Sharing Plan — redemption of shares. Approved, May 29, 1992. CHANGE IN BANK CONTROL San Francisco Professional Bancorp, Inc., Santa Monica, California — change in bank control. Permitted, May 27, 1992. COMPETITIVE FACTORS REPORTS Kansas City BANK IV Kansas, N.A., Wichita, Kansas, proposed merger with Kansas National Bank and Trust Company, Prairie Village, Kansas — report on competitive factors. Submitted, May 29, 1992. H .2 MAY 26, 1992 PAGE 7 TO MAY 29, 1992 A CTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis Bank of Montana* Great Falls* Montana* proposed merger with the Bank of Montana Chinook* Chinook* Bank of Montana Eastside* Great Falls* Bank of Montana Glasgow* Glasgow; Bank of Montana Lewiston* Lewiston* Bank of Montana Missoula* Missoula; Bank of Montana Conrad* Conrad; Bank of Montana Village* Great Falls; Bank of Montana Anaconda* Anaconda; Bank of Montana Helena, Helena; Bank of Montana Havre* Havre; Bank of Montana Rudyard* Rudyard; Bank of Montana Chester* Chester; Bank of Montana Butte* Butte; Bank of Montana Big Sandy, Big Sandy; Bank of Montana Valier* Valier; and Bank of Montana Shelby, Shelby* Montana — report on competitive factors. Submitted* May 27* 1992. Richmond CB&T - Westover Bank* Inc.* Westover* West Virginia* proposed purchase of certain assets and assumption of the deposit and certain other liabilities of the three Monongalia County offices of Community Bank & Trust* N.A.* Fairmont* West Virginia — report on competitive factors. Submitted, May 29* 1992. Richmond Commerce Bank* Parkersburg* Inc.* Parkersburg, West Virginia* proposed purchase of certain assets and assumption of the deposit and certain other liabilities of the St. Marys* West Virginia* branch of One Valley Bank* N.A.* Charleston* West Virginia — report on competitive factors. Submitted* May 28* 1992. Atlanta Intercontinental Bank* Miami* Florida* proposed merger with Interbanc* Fort Lauderdale* Florida — report on competitive factors. Submitted* May 28* 1992. Minneapolis Minnesota Valley Bank* Redwood Falls* Minnesota* proposed merger with the Danube* Minnesota* office of Americana Bank* Edina* Minnesota — report on compet it ive factors. Submitted* May 26* 1992. H .2 MAY 26, 1992 PAGE 8 TO MAY 29, 1992 ACTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia New Cumberland, Pennsylvania, proposed merger with Gettysburg National Bank, Gettysburg, Pennsylvania, and Parent Federal Savings Bank, Lancaster, Pennsylvania — report on competitive factors. Submitted, May 29, 1992. San Francisco Orange National Bank, Orange, California, proposed merger with The Laguna National Bank, N.A., Laguna Beach, California — report on competitive factors. Submitted, May 27, 1992. New York Provident Savings Bank, Jersey City, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of the Hillsborough branch of National State Bank, Elizabeth, New Jersey — report on competitive factors. Submitted, May 29, 1992. New York Shadow Lawn Savings Bank, SLA, Cranbury, New Jersey, proposal to sell its Cranbury, New Jersey, branch to 1st Constitution Bank — report on competitive factors. Submitted, May 28, 1992. New York 1st Constitution Bank, Cranbury, New Jersey, proposed acquisition of certain assets and assumption of certain liabilities of the Cranbury branch of Shadow Lawn Savings Bank, SLA — report on competitive factors. Submitted, May 28, 1992. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, May 28, 1992. San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, May 28, 1992. H .2 MAY 26, 1992 PAGE 9 TO MAY 29, 1992 A CTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Hinsbrook Bancshares, Inc., Willowbrook, Illinois — extension to September 9, 1992, to acquire Hinsbrook Bank and Trust. Granted, May 28, 1992. Dallas Minden Bancshares, Inc., Minden, Louisiana — extension to September 9, 1992, to acquire Webster Bancshares, Inc. Granted, May 29, 1992. Dallas Minden Bank & Trust, Minden, Louisiana — extension to September 11, 1992, to merge with Webster Bank & Trust Company. Granted, May 29, 1992. Dallas Minden Bank & Trust Company, Minden, Louisiana — extension to September 11, 1992, to establish a branch at 200 Homer Road, and 1316 Sibley Road. Granted, May 29, 1992. Cleveland Ohio Bancorp, Youngstown, Ohio — extension to September 12, 1992, to acquire up to 10 percent of Cortland Bancorp, Cortland, Ohio. Granted, May 28, 1992. Chicago Parkway Bancorp, Inc., Harwood Heights, Illinois — extension to August 6, 1992, to acquire Parkway Bank of Illinois, Carpentersville, Illinois. Granted, May 28, 1992. Cleveland Provident Bancorp, Inc., Cincinnati, Ohio — extension to August 31, 1992, to acquire Suburban Federal Savings and Loan Association; Merit Savings Association; Thrift Savings and Loan Company; and Peoples Federal Savings Bank and Loan Association of Bellevue, Bellevue, Kentucky. Granted, May 28, 1992. Cleveland Provident Bancorp, Inc., Cincinnati, Ohio — extension to August 31, 1992, to acquire The Provident Bank of Boone County, Bellevue, Kentucky, and The Provident Bank of Kenton County, Covington, Kentucky. Granted, May 28, 1992. H .2 MAY 26, 1992 PAGE 10 TO MAY 29, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Cleveland Provident Bank? Cincinnati? Ohio — extension to August 31? 1992? to merge with Merit Savings Association? and Thrift Savings and Loan Company. Granted? May 28? 1992. Cleveland Provident Bank of Kentucky? Alexandria? Kentucky — extension to August 31? 1992? to merge with The Provident Bank of Boone County? Bellevue? Kentucky? and The Provident Bank of Kenton County? Covington? Kentucky. Granted? May 28? 1992. New York United Counties Bancorporation? Cranford? New Jersey — extension to August 28? 1992? to acquire up to 9.9 percent of Central Jersey Bancorp? Freehold? New Jersey. Granted? May 28? 1992. RESERVE BANK OPERATIONS GC Collection of cash items and noncash items — amendments to the uniform operating circulars. Approved? May 29? 1992. H .2 MAY 26, 1992 PAGE 11 TO MAY 29, 1992 ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES A tla n ta B an k lin e S ystem s, In c .# Commerce, G eorgia — to engage de novo in d a ta p ro c e s s in g and tra n s m is s io n s e r v ic e s . P e rm itte d , May 22, 1992. New York C re d it S u is s e , Z u ric h , S w itz e rla n d , and CS H olding — to engage de novo in fo re ig n exchange and in v estm en t a d v ic e . W ithdraw n, May 20, 1992. MEMBERSHIP C hicago Parkway Bank o f I l l i n o i s , C a r p e n te r s v ille , I l l i n o i s - a p p lic a tio n to become a member o f th e F e d e ra l R eserve System . W ithdraw n, May 13, 1992. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date 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 ♦Subject to CRA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE Ratincr** "N" F e d e r a l R e s e r v e B a n k o f New Y o r k Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ TrustCo Bank New York, Schenectady, New York to establish a branch at 7 Clifton Country Road, Clifton Park, New York.1/ 6/22/92 Chemical Bank, New York, New York to establish a branch at Madison Square Garden, New York, New York to service attendees at the Democratic National Convention from July 13 through July 16, 1992; the branch will cease operating at 9 PM on July 16, 1992.1/ 6/22/92 SECTION II Applications Subject to Both Newspaper and Federal Register Notice ONBANCorp, Inc., Syracuse, New York, to acquire 100 percent of the outstanding shares of The Merchants National Bank and Trust Company of Syracuse, Syracuse, New York and Union National Bank, Albany, New York.l/ 6/29/92 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) 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. 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 a t is fa c t o r y r e c o r d o f m e e t in g c o m m u n ity c r e d i t n e e d 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. 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 30. 1992 NAME OF BANK RATING EXAMINATION DATE Bank of Avoca 18 North Main Street Avoca, N.Y. 14890 Satisfactory November 18, 1991 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Johnstown Bank and Trust Company, Johnstown, PA seeks approval to merge with Peoples Bank One, West Lebanon, PA pursuant to Section 18(c) of FDIA. 6/25/92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending May 29, 1992. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Madison Bank 1767 Sentry Parkway West Blue Bell, PA 19122 (215) 641-1111 Examination Date 4/3/92 CRA Rating Satisfactory F e d e r a l R e s e r v e B a n k of C l e v e l a n d Applications Bulletin For Week Ending May 30, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE 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 * * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. F e d e ra l R e se rve B a n k o f R ic h m o n d Section I - Applications Subiect to Newspaper Notice Only Application Comment Period Ending: Date None. Section II - Applications Subiect to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Comment Period Ending Date Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending May 29, 1992 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date None. Rating F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n f or W e e k E n d i n g M a y 29. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Mega Bank Miami, Florida To establish a branch located at 18999 Biscayne Boulevard, North Miami Beach, Florida, to be known as North Miami Beach Office. Not yet available* NationsBank of Tennessee Nashville, Tennessee To establish a remote full-service ATM, located at 4025 Viscount, Memphis, Tennessee. Not yet available* Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date Metro Bank of Dade County Miami, Florida Change in control notice by Fred S. Havenick to acquire an additional 2.50 percent of the outstanding shares of common stock. Acquisition will increase his total ownership to 26.60 percent. 05-31-92* Newspaper Orange Banking Corporation Orlando, Florida Change in control notice by John H. Day to retain 9.02 percent of Corporation and to acquire an additional 6.90 percent of Corporation. Acquisition will increase his total ownership to 29.99 percent. Not yet available* Tomoka Bancorp, Inc. Ormond Beach, Florida 1-BHC formation, Tomoka State Bank, Ormond Beach, Florida. Not yet available* ♦Subject to P r o v i s i o n s of th e C o m m u n i t y R e i n v e s t m e n t Act. Federal R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a y 29. 1992 Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date United Community Banks, Inc. Blairsville, Georgia To acquire Mountain Bank of Georgia, Hiawassee, Georgia. Not yet available* Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application EuroHoldings, Inc. Coral Gables, Florida Commitment waiver request. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g M a y 29. 1992 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank Rating Date Mega Bank 11400 North Kendall Drive Miami, Florida 33176 (305) 596-6342 Satisfactory 02-18-92 SouthTrust Bank of Tampa Post Office Box 21587 Tampa, Florida 33622 (813) 875-4123 Satisfactory 02-24-92 Federal Reserve Bank of Chicago Section I - Applications Subject to N e w s p a p e r Notice O n l y Comment Period Ending Date Type Application Branch First o f America Bank-Ann A r b o r N - 6-28-92 A n n Arbor, Michigan 18 contractual branch offices with Fir s t o f America Bank-Upper Peninsula, N . A . Marquette, Michigan 38 contractual branch offices with First o f America Bank-Mid Michigan, N.A. B a y City, Michigan 39 contractual branch offices with First o f America Bank-Michigan, N.A. Kalamazoo, Michigan 71 contractual branch offices with First o f America Bank-Southeast Michigan, N.A. Detroit, Michigan* Branch First o f America Bank-Central N - 6-28-92 Lansing, Michigan 18 contractual branch offices with First of America Bank-Upper Peninsula, N.A. Marquette, Michigan 38 contractual branch offices with First o f America Bank-Mid Michigan, N.A. B a y City, Michigan 39 contractual branch offices with First of America Bank-Michigan, N.A. K a l a m a z o o , Michigan 71 contractual branch offices with First of America Bank-Southeast Michigan, N.A. Detroit, Michigan* Branch First o f America Bank-Northern M i c h i g a n N - 6-28-92 Traverse City, Michigan 18 contractual branch offices with First o f America Bank-Upper Peninsula, N.A. Marquette, Michigan 38 contractual branch offices with First o f America Bank-Mid Michigan, N.A. B a y City, Michigan 39 contractual branch offices with First o f America Bank-Michigan, N.A. K a l a m a z o o , Michigan 71 contractual branch offices with First o f America Bank-Southeast Michigan, N.A. Detroit, Michigan* Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only (continued) Comment Period Ending Date Type Application Branch First o f A m e r i c a Bank-West Michigan N Gra n d Rapids, Michigan 18 contractual branch offices with First o f A m e r i c a Bank-Upper Peninsula, N.A. - 6-28-92 Marquette, Michigan 38 contractual branch offices with First o f A m e r i c a Bank-Mid Michigan, N.A. Bay City, Michigan 39 contractual branch offices with First o f A m e r i c a Bank-Michigan, N.A. Kalamazoo, Michigan 71 contractual branch offices w ith First o f A m e r i c a Bank-Southeast Michigan, N.A. Detroit, Michigan* Branch S e c u r i t y B a n k and Trust Company N Southgate, M i c h i g a n 18 contractual branch offices wit h First o f A m e r i c a Bank-Upper Peninsula, N.A. Marquette, Michigan 38 contractual branch offices with First o f A m e r i c a Bank-Mid Michigan, N.A. B a y City, M i c h i g a n 39 contractual branch offices with First o f Am e r i c a Bank-Michigan, N.A. - 4-19-92 Kalamazoo, Michigan 71 contractual branch offices with First o f Am e r i c a Bank-Southeast Michigan, N.A. Detroit, M i chigan* B r a n c h / 2 4A O l d Kent B a n k Chicago, Illinois 3333 B e v e r l y R o a d H o ffman Estates, Illinois* N - ** Merger/ Bra n c h De M o t t e State B a n k DeMotte, Indiana Knox, Indiana branch of Ameritrust National Bank, Elkhart, Indiana B r anch at 307 Carlson Drive Knox, Indiana* N - ** Federal Reserve Bank of Chicago S e ction I - Applications Subject to New s p a p e r Notice Onl y (c o n t i n u e d ) Type A p p l i cation / Merger Branches/ Oakar Type O l d Kent Bank and Trust C o m p a n y G r a n d Rapids, Michigan Great Lakes Bancorp, F.S.B. A n n Arbor, Michigan 201 S. Washington Square Lansing, Michigan 2 3 8 0 N. Cedar, Suite 2 Holt, Michigan 303 Abbott Road East Lansing, Michigan 4990 Marsh Road Okemos, Michigan 6334 W. Saginaw Street Lansing, Michigan* Comment P e r i o d E n d i n g Dat e N - 4-3-92 S ection II - Applications Subject to Both N e w s p a p e r and Federal Register Notice Comment P e r i o d E n d i n g Dat e A pplication Y-l First Community B a n c s h a r e s , Inc. Bargersville, Indiana Bargersville Federal Savings B a n k Bargersville, Indiana* FR N - Y-l Jon e s Bancorp, Inc. Marcellus, Michigan G.W. Jones Exchange B a n k Marcellus, Michigan* FR - ** N - ** CoC-HC Overton Bank Shares, Inc. Mondamin, Iowa James F. & Donald F. S c h w e r t l e y and James R. King FR - ** N - ** Y-2 A m c o r e Financial, Inc. R o c k f o r d , Illinois Dix o n Bancorp, Inc. Dixon, Illinois The Dixon National B a n k Dixon, Illinois* FR N - 6-8-92 6-5-92 6-5-92 6-1-92 Federal Reserve Bank of Chicago Section III - A p p l i c a t i o n s Subject to Federal R e g i s t e r Notice Only Comment Period E n d i n g Date Type Application 4(c) (8) P a r k Bancorporation, Inc. M a d i s o n , Wisconsin F o r m C D C through the Park Bank C o m m u n i t y Investment Corporation Madison, Wisconsin FR - ** 4(c)(8) First M i dwest Bancorp, Inc. Naperville, Illinois To engage in acquiring and servicing o f loans FR - 4-27-92 Y-4 S t o r y C o u n t y Bancorporation Jewell, Iowa V i king Village Company, L.P. Jewell, Iowa F R - ** Y-4 O l d Kent Financial Corporation Grand Rapids, Michigan O l d Kent Broke r a g e Services, Inc. Grand Rapids, Michigan FR - ** Section IV - A p p l i c a t i o n s Not Subject to Federal R e g i s t e r or Newspaper Notice Type Ap p l i c a t i o n RoS Overton B a n k Shares, Inc. M o n d a m i n , Iowa To r e deem 232 shares of voting common s tock - N Newspaper FR - Federal R e g ister * - Subject to Provisions o f Community Reinvestment A c t ** - 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 29, 1992. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION EXAMINATION DATE -The Security Trust & Savings Bank 617 West Sheridan Shenandoah, Iowa 51601 (712) 246-1311 1/27/92 S -Peoples Bank and Trust Company Highway 101 Noerh P.O. Box 168 Sunman, Indiana 47041-0168 (812) 623-2237 2/24/92 S -INB Banking Company, Northeast 200 East Berry Street Renaissance Square Center Fort Wayne, Indiana 46861 (219) 421-2100 2/12/92 RATINGS S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING MAY 29, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A p p lic a tio n End o f Comment P erio d * Section 3(a)(1) application by Rockwood Bancshares, Inc., Eureka, Missouri to acquire Rockwood Bank Eureka, Missouri Newspaper: 6-28-92 SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE A p p lic a tio n End o f Comment P erio d None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE A p p lic a tio n End o f Comment P erio d None. This application is subject to CRA. FEDERAL RESERVE BANK OF ST. LOUIS S t Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f m eeting com m unity credit needs A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f m eeting com m unity credit needs A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to im prove record o f m eeting community credit needs A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in m eeting community credit needs A n institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING May 29, 1992 Name o f Bank The P eoples Bank & T ru st Company Bank A ddress Main Drawer G reensburg, Kentucky 42743 E xam ination D ate 3-2-92 E xam ination R atin g S a tis f a c to r y FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Bigfork Bancshares, Inc. Bigfork, MN To acquire 99.2% of the First State Bank of Bigfork, Bigfork, MN* Not yet available Bowbells Holding Company Bowbells, ND To acquire 100% of the First National Bank, Minot, ND* Not yet available Dale Pahlke, Raymond Reich, Stanley Sayler, Security Bank of Hebron Profit Sharing Plan & Security In surance Services, Inc. To acquire control of 88.39% of Hebron Banshares, Inc., Hebron, ND Not yet available Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Hebron Banshares, Inc. Hebron, ND To redeem 56.11% of its voting shares. * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending May 29, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. B A N K (S ) EXAMINED No n e . DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE First Fidelity Bancorp, Inc., Oklahoma City, Oklahoma, for prior approval of the acquisition by merger of City Bancorp of Norman, Inc., Norman, Oklahoma.* Not Available Basil and Danna L. Taylor and C. J. and Margaret Benway of Watonga, Oklahoma, for prior approval for each party to increase their ownership in First State Bancorporation of Watonga, Inc., Watonga, Oklahoma by 1.27 percent to 25.0 percent. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION The Avoca Company, Avoca, Nebraska, for prior approval to engage in lending activities. COMMENT PERIOD ENDING DATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Federal Reserve Bank of Kansas City Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. CRA Rating Bank/Location Exam Date CRA Public Date Pitkin County Bank & Trust P.O. Box 3677 Aspen, Colorado 81612 2- 24-92 5-26-92 Satisfactory Sac River Valley Bank P.O. Box B Stockton, Missouri 65785 3- 2-92 5-28-92 Satisfactory *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 25, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP * Change in Control Notice by Jose Maria Ramirez, Jr., San Ygnacio, TX, to acquire an interest in Zapata Bancshares, Inc., Mercedes, TX Change in Control Notice by Pat S. Bolin, Dallas, TX; D. Phil Bolin; Dan H. Bolin; and Warren T. Ayres, Wichita Falls, TX, to acquire an interest in Fidelity Resources Company, University Park, TX (Previously reported during the week of 4-13-92) N/A 92/06/02 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF MAY 25. 1992 Outstanding record of meeting community credit needs. An institution in this group has an outstanding leader in, ascertaining and helping to meet the entire delineated community, including lowneighborhoods, in a manner consistent with capabi1ities. record of, and is a credit needs of its and moderate-income its resources and Satisfactory record of meeting community credit needs. An institution in this group has 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 State Bank and Trust Company 231 North Guadalupe P. 0. Box 649 San Marcos, Texas 78667-0649 Date of Examination 92/02/24 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 05/29/92 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 Putra Masagung, Jakarta, Indonesia, to acquire 64.31 percent of Bank of San Francisco Company Holding Company, San Francisco, California. Newspaper: 6/14/92 Fed. Reg.: 6/16/92 West One Bancorp, Boise, Idaho, and West One Bancorp, Washington, Bellevue, Washington, to acquire Yakima Valley Bank, Yakima, Washington.* Newspaper: 6/17/92 Fed. Reo.: Not available Section III - Applications Subject to Federal Register Notice Only Professional Bancorp, Inc., Santa Monica, California, to engage in nonbanking activities through the acquisition of BBH Qualified Plans, Inc., Pasadena, California. Fed. Reo.: 6/17/92 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA F ederal R eserve B ank of S an F rancisco FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.) Week ending 5/29/92 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending March 6, 1992. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None * Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities.