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ANNOUNCEMENT

H . 2 , 1994, No. 19

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

Actions of the Board, its Staff, and
the Federal Reserve .Banks;
Applications and Reports Received
During the Week Ending May 7, 1994

ACTIONS TAKEN IY THE BOARD OF GOVERNORS

BOARD OPERATIONS
Office of Board Members -- appointment of Lynn Fox as
Deputy Congressional Liaison.
Approved, May 3, 1994.
INTERNATIONAL OPERATIONS
Citibank Overseas Investment Corporation, New Castle,
Delaware --to invest in London Capital Holdings
Limited, London, England.
Permitted, May 2, 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
Chicago

Chemical Bank and Trust Company, Midland, Michigan —
to establish a branch at 5777 M-30 Tobacco
Township, Edenville, Michigan.
Approved, May 4, 1994.

New York

European American Bank, New York, New York - - t o
establish a branch at 335 Madison Avenue, New York,
New York.
Approved, May 4, 1994.

Kansas City

First State Bank of Taos, Taos, New Mexico - - t o
establish a branch in Santa Fe, New Mexico.
Approved, May 2, 1994.

New York

Fleet Bank, Melville, New York --to establish an
offsite electronic facility at R.H. Macy's & Co.,
New York, New York.
Approved, May 6, 1994.




H .2
MAY 2, 1994
PAGE 2

TO

MAY 6, 1994

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

BANK BRANCHES. DOMESTIC
New York

Fleet Bank of New York, Albany, New York -- to
establish a branch at Armored Motor Services of
America, Inc., 65~Van(iage Point Drive, Ogden, New
York.
Approved, May: 6, 1994.

New York

Fleet Bank of New York, Albany, New York -- to
establish- an offsite electronic facility at
Woodbury Commons Factory Outlet, Central Valley)
New York.
Approved, May 6, 1994.

Chicago

State* Bank'of Preepdrt, Preeport, Illinois
to
establish a branch at 6833 Stalter Drive, RoCktford,
Illinois.
Returned, May 3, 1994.

BANK HOLDING COMPANIES




St. Louis

Brfen-MAr*Properties, The., Columbia, Missouri -- to
acquitfe JacVJs Fork Bancorporation, Inc., First
Missouri Bancorporation, Inc., and First Heritage
National Bank, Davis, Oklahoma.
Approved, 'Ffky 3, 199M.

Cleveland

Cardinal Bahcsftarers, Tfrt, , Lexington, Kentucky -- to
acquire CNB Bank of Kentucky, Louisville, Kentucky.
Withdrawn, Way %, 1*994.

New York

City National Bancrshares-^orporation, Newark, New
Jersey -- proposal that City National Bank of New
Jersey purchase certain assets a r d as*Wtoe certain
fi
liabilities r f bTte branch of Polifly Federal
f
Savings alt* Loach Association, New Milford, New
fhf
Jersey.
Approved, May 6, 1994.

Chicago

Cleveland Development Bancorporation, Chicago,
Illinois, and Shorebank Corporation --to acquire
Cleveland Enterprises Group, Cleveland, Ohio, and
CBD Development Co., and engage in community
development activities.
Permitted, May 6, 1994.

H.2
MAY 2, 1994
PAGE 3

TO

MAY 6, 1994

ACTIONS TAKE?’ BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




St. Louis

CNB Bancshares, Inc., Evansville, Indiana --t o
acquire Oakland City Bancshares Corp., Oakland
City, Indiana, and First Bank & Trust Company of
Oakland City.
Approved, May 3, 1994.

Chicago

Community Grain Co., Coon Rapids, Iowa -- to acquire
Farmers National Bank, Bayard, Iowa.
Approved, May 5, 1994.

Chicago

Employees* Stock Ownership Plan of Horizon Bancorp,
Michigan City, Indiana -- to acquire Horizon
Bancorp and First Citizens Bank, NA.
Returned, May 5, 1994.

Richmond

First Citizens BancShares, Inc., Raleigh, North
Carolina -- proposal that First-Citizens Bank &
Trust Company merge with Edgecombe Homestead
Savings Bank, Inc., SSB, Tarboro, North Carolina.
Approved, May 4, 1994.

Kansas City

First National Bank Shares, Ltd., Great Bend,
Kansas -- to merge with Urban Bancshares, Inc.,
Kansas City, Missouri.
Approved, May 2, 1994.

Minneapolis

First Sleepy Eye Bancorporation, Inc., Sioux Falls,
South Dakota - - t o acquire First Security Bank of
Benson, Benson, Minnesota.
Approved, May 6, 1994.

Dallas

Harrisburg Bancshares, Inc., Houston, Texas -- to
acquire Westside National Bank of Pearland,
Pearland, Texas.
Approved, May 2, 1994.

Dallas

Harrisburg Bancshares Nevada, Inc., Reno, Nevada -to acquire Westside National Bank of Pearland,
Pearland, Texas.
Approved, May 2, 1994.

Chicago

Horizon Bancorp, Michigan City, Indiana -- to engage
de novo in lending activities.
Returneid, May 5, 1994.

H.2
MAY 2, 1994
PAGE 4

TO

MAY 6, 1994

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

BANK HOLDING COMPANIES




Chicago

Horizon Bancorp Employee Stock Ownership Plan,
Michigan City, Indiana, and Horizon Bancorp -- to
engage de novo in acting as insurance agent or
broker through Horizon Insurance Group, Inc.
Permitted, May 6, 1994.

New York

HUBCO, Inc., Union City, New Jersey -- proposal that
Hudson United Bank purchase certain assets and
assume certain liabilities of four New Jersey
branches of Polifly Federal Savings and Loan
Association, New Milford, New Jersey.
Approved, May 6, 1994.

Kansas City

McClain County Bancorporation, Inc., Purcell,
Oklahoma -- to engage in the sale of general
insurance.
Returned, May 5, 1994.

Cleveland

Mellon Bank Corporation, Pittsburgh, Pennsylvania -to acquire Belden and Associates Investment
Counsel, San Francisco, California.
Approved, May 6, 1994.

St. Louis

OCB Acquisition Company, Evansville, Indiana -- to
acquire Citizens National Bank of Evansville,
Evansville, Indiana.
Approved, May 3, 1994.

Atlanta

Regions Financial Corporation, Birmingham, Alabama -proposal that Regions Bank of Florida, Pensacola,
Florida, acquire certain assets and assume certain
liabilities of the downtown Panama City, East St.
Andrews, Parker, and Northside branches of Security
Federal Savings Association, Panama City, Florida.
Approved, May 6, 1994.

Atlanta

1st United Bancorp, Boca Raton, Florida -- proposal
that 1st United Bank acquire certain assets and
assume certain liabilities of New River Bank,
Oakland Park, Florida.
Approved, May 4, 1994.

H.2
MAY 2, 1994
PAGE 5

TO

MAY 6, 1994

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

BANK MERGERS
Chicago

Chemical Bank and Trust Company, Midland, Michigan -to acquire certain assets and assume deposit
liabilities of the Edenville, Michigan, branch of
First of America Mid-Michigan, National
Association, Bay City, Michigan, and to establish a
branch at 5777 M-30 Tobacco Township, Edenville,
Michigan.
Approved, May 4, 1994.

Richmond

Fairfax Bank & Trust Company, Fairfax, Virginia -- to
purchase certain assets and assume certain
liabilities of Commonwealth Federal Savings Bank,
Manassas, Virginia, to establish three branches,
and to engage in a conversion transaction.
Approved, May 6, 1994.

Kansas City

First State Bank of Taos, Taos, New Mexico --t o
merge with First State Bank of Santa Fe, Santa Fe,
New Mexico.
Approved, May 2, 1994.

Philadelphia

United Bank of Philadelphia, Philadelphia,
Pennsylvania - - t o merge with New Bank.
Approved, May 4, 1994.

BANK PREMISES




New York

Adirondack Trust Company, Saratoga Springs, New
York -- investment in bank premises.
Approved, May 6, 1994.

Chicago

American Trust & Savings Bank, Dubuque, Iowa -investment in bank premises.
Approved, May 5, 1994.

Richmond

Mellon Bank (MD), Rockville, Maryland -- investment
in bank premises.
Approved, May 2, 1994.

New York

Morgan Guaranty Trust Company of New York, New York,
New York -- investment in bank premises.
Approved, May 4, 1994.

H.2
MAY 2, 1994
PAGE 6

TO

MAY 6, 1994

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

CAPITAL STOCK
Kansas City

Buchanan County Bancshares, Inc., St. Joseph,
Missouri -- redemption of shares.
Approved, May 6, 1994.

Chicago

Everly Bancorporation, Everly, Iowa -- redemption of
shares.
Approved, May 5, 1994.

CHANGE IN BANK CONTROL
St. Louis

Aviston Bancorp, Inc., Aviston, Illinois -- change in
bank control.
Permitted, May 3, 1994.

Atlanta

Bradley County Financial Corporation, Cleveland,
Tennessee -- change in bank control.
Permitted, May 3, 1994.

Kansas City

Security National Bancshares of Sapulpa, Inc.,
Sapulpa, Oklahoma -- change in bank control.
Returned, May 2, 1994.

COMPETITIVE FACTORS REPORTS




Kansas City

Bank IV Kansas, N.A., Wichita, Kansas, proposed
merger with First National Bank and Trust Company
in Dodge City, Dodge City, Kansas -- report on
competitive factors.
Submitted, May 4, 1994.

Kansas City

Bank IV Oklahoma, N.A., Tulsa, Oklahoma, proposed
merger with Metro Bank of Broken Arrow, Broken
Arrow, Oklahoma -- report on competitive factors.
Submitted, May 4, 1994.

Richmond

Bank of Charles Town, Charles Town, West Virginia,
proposed merger with Charles Town Interim Bank,
Inc. -- report on competitive factors.
Approved, May 5, 1994.

San Francisco

Bank of Coronado, Coronado, California, proposed
merger with Crown Bancorp -- report on competitive
factors.
Submitted, May 2, 1994.

H.2
MAY 2, 1994
PAGE 7

TO

MAY 6, 1994

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

COMPETITIVE FACTORS REPORTS




Cleveland

Bank of Pittsburgh, a phantom savings bank,
Charleston, West Virginia, proposed merger into
Lincoln Savings Bank, Carnegie, Pennsylvania -report on competitive factors.
Submitted, May 5, 1994.

San Francisco

Bank of Salinas, Salinas, California, proposed merger
with Salinas Valley Corporation -- report on
competitive factors.
Submitted, May 2, 1994.

San Francisco

CenFed Bank, A Federal Savings Bank, Pasadena,
California, proposed merger with United California
Savings Bank, Santa Ana, California -- report on
competitive factors.
Submitted, May 6, 1994.

Chicago

Dodgeville State Bank, Dodgeville, Wisconsin,
proposed merger with MidAmerica Bank Stoughton,
Stoughton, Wisconsin -- report on competitive
factors.
Submitted, May 6, 1994.

Richmond

First Federal Savings and Loan Association of
Walterboro, Walterboro, South Carolina, proposed
merger with First Carolina Bank, Federal Savings
Bank -- report on competitive factors.
Submitted, May 2, 1994.

Cleveland

First Federal Savings Bank, Pineville, Kentucky,
proposed purchase of the Corbin, Kentucky, branch
of Mutual Federal Savings Bank, Somerset,
Kentucky -- report oh competitive factors.
Submitted, May 2, 1994.

Dallas

First Madison Bank, FSB, Dallas, Texas Con behalf of
its holding companies, First Gibraltar Holdings,
Inc., et al), proposed purchase of assets and
assumption of liabilities of First National Bank, A
Federal Savings Bank, San Francisco, California -report on competitive factors.
Submitted, May 6, 1994.

H.2
MAY 2, 1999
PAGE 8

TO

MAY 6, 1999

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

COMPETITIVE FACTORS REPORTS




Chicago

M&I Bank of Watertown, Watertown, Wisconsin, proposed
merger with Valley Bank National Association -report on competitive factors.
Submitted, May 6, 1999.

San Francisco

Metro Commerce Bank, N.A., San Rafael, California,
proposed merger with Bank of Hayward, Hayward,
California -- report on competitive factors.
Submitted, May 6, 1999.

New York

Midlantic National Bank, Newark, New Jersey, proposed
merger with Continental Bank, Norristown,
Pennsylvania -- report on competitive factors.
Submitted, May 5, 1999.

Dallas

New Eldorado State Bank, Eldorado, Texas, proposed
merger with The First National Bank of Eldorado -report on competitive factors.
Submitted, May 6, 1999.

Cleveland

Northwest Savings Bank, Warren, Pennsylvania,
proposed purchase of the assets and assumption of
the liabilities of four branches of Central
Pennsylvania Savings Association, F.A. -- report on
competitive factors.
Submitted, May 5, 1999.

Cleveland

Pemberville Interim Bank, Pemberville, Ohio, proposed
merger with The Citizens Savings Bank Company
report on competitive factors.
Submitted, May 2, 1999.

Cleveland

Second National Bank of Warren, Warren, Ohio,
proposed purchase of assets and assumption of
liabilities of the Aurora branch of First National
Bank of Ohio, Akron, Ohio — report on competitive
factors*
Submitted, May 2, 1999,

H.2
MAY 2, 1994
PAGE 9

TO

MAY 6, 1994

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

COMPETITIVE FACTORS REPORTS




Richmond

Security Bank and Trust Company, Salisbury, North
Carolina, proposed merger with First Charlotte
Interim Bank, Charlotte, North Carolina (successor
to First Federal Savings and Loan Association of
Charlotte) -- report on competitive factors.
Submitted, May 6, 1994.

Cleveland

Sewickley Savings Bank, Sewickley, Pennsylvania,
proposed transfer of substantially all of its
assets and all of its liabilities to Sewickley
Savings Bank, a to be organized stock savings
bank -- report on competitive factors.
Submitted, May 5, 1994.

New York

Trustco Bank New York, Schenectady, New York,
proposed merger with Eastern Trust Company, Albany,
New York -- report on competitive factors.
Submitted, May 3, 1994.

Richmond

United Carolina Bank, Whiteville, North Carolina,
proposed merger with The Bank of Iredell,
Statesville, North Carolina -- report on
competitive factors.
Submitted, May 3, 1994.

Chicago

Valley Bank, Southwest, Spring Green, Wisconsin,
proposed merger with M&I Bank of Dodgeville,
Dodgeville, Wisconsin -- report on competitive
factors.
Submitted, May 6, 1994.

Chicago

Valley Bank, Appleton, Appleton, Wisconsin, proposed
merger with M&I New Holstein Bank, New Holstein,
Wisconsin -- report on competitive factors.
Submitted, May 6, 1994.

Dallas

Victoria Bank & Trust Company, Victoria, Texas,
proposed acquisition of Texas Commerce Trust
Company - Corpus Christi, National Association,
Corpus Christi, Texas -- report on competitive
factors.
Submitted, May 6, 1994.

H.2
MAY 2, 1994
PAGE 10

TO

MAY 6, 1994

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

EXTENSIONS OF TINE
St. Louis

First Banks, Inc., St. Louis, Missouri -- extension
to July 8, 1994, to acquire Southside Bancshares,
Corp.
Granted, May 6, 1994.

Boston

Vermont Financial Services Corp., Brattleboro,
Vermont -- extension to August 8, 1994, to acquire
West Mass Bankshares, Inc., Greenfield,
Massachusetts.
Granted, May 5, 1994.

INTERNATIONAL OPERATIONS
Director, BS&R

Citibank Overseas Investment Corporation, New Castle,
Delaware --to invest in London Capital Holdings
Limited, London, England, through Citibank
Investments Limited.
Approved, May 2, 1994.

Chicago

Cedar Valley State Bank, St. Ansgar, Iowa --t o
become a member of the Federal Reserve System.
Returned, May 4, 1994.

MEMBERSHIP

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Chicago -- to offer a
Canadian check clearing service at the Chicago
office.
Approved, May 2, 1994.

H.2
MAY 2, 1994
PAGE 11

ADDITIONS AND CORRECTIONS
TO

NAY 6, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

RESERVE BANK SERVICES
Daylight overdraft fees for government-sponsored
enterprises beginning October 13, 1994 -interpretation*
|

Approved, April 28, 1994.

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

BANK HOLDING COMPANIES
Cleveland

Progressive Bancshares, Inc., Lexington, Kentucky -to engage de novo in mortgage company activities
through Progressive Mortgage Company.
Permitted, April 30, 1994.

CHANGE IN BANK CONTROL
Chicago

Community Illinois Corporation, Rock Falls,
Illinois -- change in bank control.
Returned, April 29, 1994.

INTERNATIONAL OPERATIONS




Director, BS&R

Morgan Guaranty International Finance Corporation,
New York, New York - - t o invest in J.P. Morgan
Sterling Securities Ltd., London, England.
Approved, April 25, 1994.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Comment Period Ending Date

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

Not Yet Established

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

Comment Period Ending Date

Compass Bancorp, New Bedford,
Massachusetts - 3(a)(l)/3(a)(3)
application to become a bank
holding company through the
acquisition of Compass Bank
for Savings, New Bedford,
Massachusetts and to retain
direct ownership of 9.74% of
Mayflower Cooperative Bank,
Middleborough, Massachusetts*

Newspaper

05-29-94

Federal Register

06-06-94

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Fleet Financial Group, Inc.,
Providence, Rhode Island 4(c)(8) notification to
conduct Fleet Management &
Recovery Corporation
activities in Canada

Federal Register
Not Yet Established

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

*Subject to CRA.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution

Examination Date

Ratincr**

NONE

* *Rating Def ini tio:ns:
**Rating Definitions:
"0 - Outstanding; "S" - Satisfactory;
"0"
- Needs to Improve; "SN" - Substantial Noncompliance




Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Trustco Bank New York, Schenectady, New York to establish
a branch at Route 4 and Burgoyne Avenue, Kingsbury, New
York.1/
United Jersey Bank, Hackensack, New Jersey to establish a
branch at 335 Ridge Road, South Brunswick, New Jersey.1/

5/27/94
6/1/94

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Waterhouse Investor Services, Inc., New York, New York,
(MWIS" 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
customers.
5/23/94 2/
Hudson City Bancorp, Inc., Paramus, New Jersey, to become a bank
holding company through the acquisition of 100 percent of the
voting shares of Hudson City Savings Bank, Paramus, New Jersey,
upon conversion from a state-chartered mutual savings bank to
a stock form savings bank.l/
5/27/94 3 /
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
J.P. Morgan & C o . Incorporated, New York, New York, through
,
its wholly-owned subsidiary, Morgan Community Development
Corporation, to retain a partnership investment of 39.8 percent
in Henry Phipps Plaza South Associates, New York, New York, and
to increase its interest to 59.4 percent; to retain 6.06 percent
equity interest in The New York Equity Fund 1989 Limited
Partnership and a 18.73 partnership interest in HUDCTC Limited
Partnership, and thereby engage in community development
activities.
5/27/94
Deutsche Bank AG, Frankfurt (Main), Federal Republic of Germany,
to continue to engage through its wholly-owned indirect
subsidiaries, Deutsche Bank Sharps Pixley, Inc. ("DBSP") and
Sharps Pixley Brokers, Inc. ("Brokers")/ both of New York, New
York, in trading by DBSP for its own account in gold and silver
bullion and providing related financial services, trading in
platinum bullion, and execution by Brokers of certain non
financial futures contracts and options on those futures
contracts and rendering advisory services thereto.
N/A




SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only) f con't
Union Bank of Switzerland, Zurich, Switzerland to acquire
substantially all of the assets of Timberland Resources, Inc.,
West Lebanon, New Hampshire, and thereby engage in investment
advisory and management activities.

N/A

The Summit Bancorporation, Summit, New Jersey to acquire all
of the voting securities of Lancaster Financial Ltd., Inc.,
Parsippany, New Jersey and thereby engage in mortgage banking
activities.

N/A

SECTION IV
Applications Not Involving
______ Public Comment______
None .
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor­
hoods, in a manner consistent with its resources and capabilities.




Week Ending May 7, 1994
NAME OF BANK

RATING

European American Bank
Satisfactory
EAB Plaza
Uniondale, New York 11555

| to Ito |H

/
/
/

4/

EXAMINATION DATE
3/29/93

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
Fulton Financial Corporation, Lancaster, PA requests approval to merger certain assets
and liabilities of its savings Bank subsidiary, Great Valley Savings Bank, Reading, PA
into its commercial bank subsidiary, Fulton Bank, Lancaster, PA, pursuant to Section
5(d)(3) of the Federal Reserve Deposit Insurance Act, as amended.
5/31/94
Fulton Financial Corporation, Lancaster, PA requests approval to merger certain assets
and liabilities of its savings bank subsidiary, Great Valley Savings Bank, Reading, PA
into its commercial bank subsidiary, The First National Bank of Danville, Danville, PA
pursuant to Section 5(d)(3) of the Federal Deposit Insurance Act, as amended.
5/31/94
Fulton Financial Corporation, Lancaster PA requests approval to merger certain assets
and liabilities of its savings bank subsidiary, Great Valley Savings Bank Reading, PA,
into its commercial bank subsidiary, Swineford National Bank, Middleburg, PA pursuant
to Section 5(d)(3) of the Federal Deposit Insurance Act, as amended.
5/31/94
Meridian Bank. Reading, Pennsylvania requests approval to establish an in-store branch
facility at the Festival Foods Store, 6301 Grayson Road, Harrisburg, Pennsylvania,
pursuant to Section 9 of the Federal Reserve Act. Expedited branch procedures.
5/31/94
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
First Fidelity Bancorporation, Lawrenceville, New ("Applicant”) to acquire 100% of the
voting shares of First Inter-Bancorp Inc., Fishkill, New York ("Company") and thereby
indirectly acquire Mid-Hudson Savings Bank FSB, Fishkill, New York ("Mid-Hudson"),
pursuant to Section 225.25(b)(9) of Reg Y and Section 4(c)(8) of the Bank Holding
Company Act. Mid-Hudson will merge into Applicant's subsidiary, First Fidelity Bank,
N.A., New York, Bronx, NY and Company will merge into Applicant.
Newpaper Comment Period expires:
Federal Regis. Comment period expires:

5/23/94
5/26/94

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
National Penn Bancshares, Inc.# Boyertown, PA, requests approval to acquire 100% of the
voting shares of Investors Trust Company, Wyomissing, PA, and thereby engage, de_ngvo,
in performing the functions and activities of a trust company, including those of a
fiduciary, agency or custodial nature, pursuant to Section 4(c)(8) of the bank Holding
Company Act and Section 225.25(b)(3) of Regulation Y.
Federal Regis. Comment period expires:

N/A

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 6, 1994.
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 mode rate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location

Examination Date

CRA Rating

None

None

None




Federal Reserve Bank of Cleveland
APPLICATIONS BULLETIN
(For the week ending May 7, 1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received application from Provident Bank of
*May 23, 1994
Kentucky, Alexandria, Kentucky, on May 3, 1994,
of its intent to establish a branch facility
at KY 18 & Merchant Street, Florence; Kentucky.
Received OAKAR application from F.N.B. Corpor&HibnYet Known#
Hermitage, Pennsylvania on April 28, 1994, to acquire
certain assets and assume certain liabilities of Dollar
Savings Association, New Castle, Pennsylvania.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a ) (1) application from HebMonJune 1, 1994
Bancorp, Inc., Hebron, Kentucky on April 25, 1994,
to acquire Hebron Deposit Bank, Hebron, Kentucky.
Received Section 3(a) (3) application from McCFeaafyne 6, 1994
Bancshares, Inc., Whitley City, Kentucky, on May 2,
1994, to acquire First Trust and Savings Bank,
Oneida, Tennessee.
Received Section 3(a ) (1) application from WilEiaiftaber^, 1994
Bancorp, Inc., Corbin, Kentucky on May.3, 1994 to
acquire Williamsburg National Bank, Williamsburg,
Kentucky.
Received Section 3(a) (1) application from Pedgleefune 6, 1994
Bancorporation of Northern Kentucky, Inc., Crestview
Hills, Kentucky, on May 3, 1994 , to acquire Peoples Bank
of Northern Kentucky, Inc., Crestview Hills, Kentucky.

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date of application's receipt
## - Expected to end approixmatley 18 days from date o f application's receipt




A P P L IC A T IO N S B U L L E T IN
(For the week ending M ay 7, 1994)

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 (a )(1 ) application from Sewickley
Mutual Holding Company, Sewickley, Pennsylvania, on
May 5, 1994, to acquire up to 50.10 percent o f the
voting shares of Sewickley Savings Bank, Sewickley,
Pennsylvania.

*F: June 6, 1994

Received Section 3 (a )(1 ) application from Kingston
Bankshares, Inc., Kingston, Ohio, on May 5, 1994,
to acquire Kingston National Bank, Kingston, Ohio.

*F: June 6, 1994

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER ONLY
None
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
Received application from The Provident Bank, Cincinnati, Ohio, on May 5, 1994, for permission
to establish a branch facility in Georgetown, Grand Cayman, Cayman Islands, British West Indies.
Received request from Fayette Bank and Trust Company, Uniontown, Pennsylvania, on May 3,
1994, for permission to exceed its limit of investment in bank premises permitted under Section 24A
of the Federal Reserve Act.
Received request from Iron and Glass Bank, Pittsburgh, Pennsylvania, on May 2, 1994, for
permission to exceed its limit of investment in bank premises permitted under Section 24A o f the
Federal Reserve Act.

* - 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 approixmatley 18 days from date o f application's receipt




AVAILABILITY O F CRA PU BLIC EVALUATIONS
(May 6, 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 6, 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 of 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 of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PROVE: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.




NONE

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

Comment Period Ending Date

Centura Bank, Rocky Mount, North Carolina,
to establish an Electronic Funds Transfer
Facility in the Blockbuster Pavilion at
707 Blockbuster Boulevard, Charlotte, North
Carolina.*

5-28-94

Mellon Bank (MD), Rockville, Maryland, to
establish an Electronic Funds Transfer
Facility in Marley Station Mall at 7900
Governor Ritchie Highway, Glen Burnie,
Maryland.*

5-30-94

Signet Credit Card Bank, Richmond, Virginia,
for membership in theFederal Reserve System.*

6-1-94

First Bank, Strasburg, Virginia (successor
to The First National Bank of Strasburg),
to establish a branch at 3143 Valley Pike,
Winchester, Virginia.*

6-3-94

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

Comment Period Ending Date

Signet Banking Corporation, Richmond,
Virginia, to acquire Signet Credit
Card Bank, Richmond, Virginia.*

6-1-94

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Second Bank & Trust, Culpeper, Virginia
(successor to Second National Bank), for
membership in the Federal Reserve System.

*Application is subject to CRA requirements.



Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending May 6, 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

Rating

The First Bank and Trust Company
Main Street and Secondary Road
Lebanon, Virginia 24266

2-14-94

Satisfactory

Farmers and Miners Bank
403 West Morgan Avenue
Pennington Gap, Virginia

2-14-94

Satisfactory




24277

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 6. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Bank of Albertville
Albertville, Alabama
To establish a branch located at 2333
U.S. Hwy. 431 (Lot No. 2 in Hospital
Heights Addition of Boaz), Boaz, Alabama.

05-23-94*

Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Triangle Bancorporation
Not yet available*
Berry, Alabama
1-BHC formation, The Bank of Carbon Hill,
Carbon Hill, Alabama, Bank of Berry,
Berry, Alabama and Bank of Parrish, Parrish,
Alabama.
The three banks will be merged,
with the Bank of Carbon Hill being the
survivor.
First National Bancorp
Gainesville, Georgia
To merge with Barrow Bancshares, Inc.,
Winder, Georgia, and thereby directly
acquire Barrow Bank & Trust, Winder,
Georgia, pursuant to Section 3 ( a ) (5) of
the Bank Holding Company Act.

Not yet available*

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 6. 1994
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Barnett Banks, Inc.
Jacksonville, Florida
Along with its wholly-owned subsidiary,
Barnett Mortgage Company, Jacksonville,
Florida, to acquire Loan America Financial
Corporation, Miami Lakes, Florida,
pursuant to Section 4(c)(8) of the Bank
Holding Company Act and pursuant to Section
225.25(b)(1) of Regulation Y.
First Alliance Bancorp, Inc.
Marietta, Georgia
To acquire 80 percent of Interim Alliance
Corporation D/B/A Alliance Finance, Smyrna,
Georgia, pursuant to Section 4(c)(8) of the
Bank Holding Company Act, and to engage in
consumer finance activities, pursuant to
Section 225.25(b)(1)(i) of Regulation Y.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Bank of Albertville
Albertville, Alabama
Request for increase in bank premises.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending Mav 6. 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
The Blackshear Bank
Post Office Box 189
Blackshear, Georgia
(912)449-6685

Rating
Satisfactory

01-24-94

31516

Carney Bank
Post Office Box 3219
Boynton Beach, Florida
(407 )" 36-8300
7




Date

Satisfactory
33424

01-24-94

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

Type

Application

Branch

State Bank of Freeport
Freeport, Illinois
6833 Stalter Drive
Rockford, Illinois

N

Branch

The Northern Trust Company
Chicago, Illinois
West Pullman School
11941 South Parnell
Chicago, Illinois

N -

Oakar

Chemical Bank and Trust Company
Freeland, Michigan
Freeland, Michigan Office of
Standard Federal Bank
Troy, Michigan

N

5-18-94

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 - **




- **

5-05-94

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

Type

Application

Y-l

The First Trust Holdings, Inc.
Watseka, Illinois
First Trust and Savings Bank of Watseka
Watseka, Illinois
First National Bank of Clifton
Clifton, Illinois*

FR
N

4-28-94
4-11-94

Y-2

Northern Trust of Florida Corporation
Chicago, Illinois
Beach One Financial Services, Inc.
Vero Beach, Florida
The Beach Bank of Vero Beach
Vero Beach, Florida*

FR
NP

5-2-94
4-28-94

CoC-HC

Spring Bancorp, Inc.
Springfield, Illinois
Jack A. Marantz & Tom E. Marantz

FR
NP

5-09-94
5-01-94

Y-2

Northern Trust Corporation
Chicago, Illinois
Beach One Financial Services,
Vero Beach, Florida
The Beach Bank of Vero Beach
Vero Beach, Florida*

FR
NP

5-2-94
4-28-94

5-12-94
5-12-94

Inc.

Y-l

Second Fourth Street Financial Corp.
Pekin, Illinois
Herget Financial Corp.
Pekin, Illinois
Herget National Bank of Pekin
Pekin, Illinois*

FR
NP

Y-2

Heritage Financial Services
Tinley Park, Illinois
Midlothian State Bank
Midlothian, Illinois*

FR
5-12-94
NP - 5-15-94

Y-l

Capital Commerce Bancorp, Inc.
Milwaukee, Wisconsin
Western Bancshares, Inc.
Milwaukee, Wisconsin
Milwaukee Western Bank
Milwaukee, Wisconsin*

FR - 5-13-94
NP - 5-6-94

CoC-HC

Peoples Bancorp, Inc.
Prairie Du Chien, Wisconsin
Thomas F . Farrel

FR
5-19-94
N - 5-01-94




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

T y p e

Application

Y-2

Capitol Bancorp, LTD.
Lansing, Michigan
Financial Center Corporation
Holland, Michigan
Paragon Bank
Holland, Michigan*

FR - 2-25-94
NP - 5-14-94

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

Northwood Financial Services Corporation
Northwood, Iowa
Carol J. Paulson

FR - 5-20-94
N - 4-27-94

CoC- HC

Community Illinois Corporation
Rock Falls, Illinois
Louis F. Pignatelli

FR - **
N

- **

Y-2

Ambank Company, Inc.
Sioux Center, Iowa
Remsen Financial Services, Inc.
Council Bluffs, Iowa
First Trust & Savings Bank, NA
Remsen, Iowa*

FR - 5-20-94
N - 5-13-94

\Y-

Madison Bancorp, Inc.
Madison Heights, -Michigan
Madison National Bank
Madison Heights, Michigan*

FR - 5-27-94
N - **

Y-2

Baylake Corp.
Sturgeon Bay, Wisconsin
Kewaunee County Banc-shares, Inc.
Kewaunee, Wisconsin
State Bank of Kewaunee
Kewaunee, Wisconsin*

FR - **
N - 5-13-94




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

Type

Application

Y-l

Employees Stock Ownership Plan of
Horizon Bancorp
Michigan City, Indiana
Horizon Bancorp
Michigan City, Indiana
First Citizens Bank, NA
Michigan City, Indiana*

FR
N

**
5-19-94

Y-1

Northwest Indiana Bancorp
Munster, Indiana
Peoples Bank, SB
Munster, Indiana*

FR
N

5-27-94
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
N

**
**

Y-2

Comerica Incorporated
Detroit, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
Houston, Texas*

Y-2

Comerica Texas Incorporated
Dallas, Texas
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank
Houston, Texas*

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, Wiscosin*

Y-2

Republic Bancorp, Inc.
Ann Arbor, Michigan
Horizon Savings Bank
Beachwood, Ohio*




FR

**

N

**

FR

- **

N

. **

FR - 5-31-94
N - **

FR - **
N - **

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

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, Wiscosin*

FR - 5-31-94
N
- **

CoC

Mid America Banks,
Collins, Iowa
Gary Hested
Michael R. Rude
J.C. Van Ginkel

FR - **
N
- 5-18-94




Inc.

Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice OnlyComment Period
Ending Date

Type.

Application

Y-4

Heartland Financial USA, Inc.
Dubuque, Iowa
Keokuk Bancshares, Inc.
Keokuk, Iowa
First Community Bank, A Federal
Savings Bank
Keokuk, Iowa

FR
N

4-15-94
5-14-94

4(c) (8)

Heartland Financial USA, Inc.
Dubuque, Iowa
KFS Services, Inc.
Keokuk, Iowa
engage in discount
brokerage services

FR
N

4-15-94
5-14-94

Y-4

First Midwest Corporation of Delaware
Elmwood Park, Illinois
Midwest One Mortgage Services, Inc.
Melrose Park, Illinois

FR
N

**
**

4(c) (8)

First Midwest Corporation of
Elmwood Park, Illinois
Midwest Trust Services
Elmwood Park, Illinois

4(c) (8)

4(c) (8)

Delaware

FR

5-09-94

Horizon Bancorp
Michigan City, Indiana
Engage in lending activities

FR

**

Garrett Bancshares LTD.
Bloomfield, Iowa
Engage in the making of a loan to a
principal of North Side of the Square,

FR

**

Inc.

SMB-OT

Independent Banker's Bank of Illinois
Springfield, Illinois
Investment & financial
advice & management consulting to
depository institutions

FR - **

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

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

Application

RoS

Peoples Bancorp, Inc.
Prairie du Chien, Wisconsin
Redeem 45.10% of outstanding stock

RoS

Charter Bancorporation, Inc.
Newport, Minnesota
Redeem 905 shares of its common stock

N
- Newspaper
FR
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
6, 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 has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighborhoods, in
a manner consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
NI-An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a 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
-NONE




RATINGS

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING May 6, 1994

Application

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period

* Section 5(d)(3) application by FDH Banschares,
Inc., Little Rock, Arkansas, to merge Grant
Federal Savings Bank, Sheridan, Arkansas, into
its bank subsidiary, Citizens First Bank, Little
Rock, Arkansas.

Application

Newspaper:

6-3-94

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period

* Section 3(a)(5) application by Trans Financial
Bancorp, Inc., Bowling Green, Kentucky, to acquire
FGD Holding Company, Martin, Kentucky (parent of
First Guaranty National Bank, Martin,
Kentucky).

Newspaper:

5-30-94

* Section 4(c)(8) application by First Banks, Inc.,
St. Louis, Missouri, to acquire St. Charles Federal
Bancshares, Inc., St. Charles, Missouri (parent of
St. Charles Federal Savings and Loan Association,
St. Charles, Missouri).

Newspaper:

6-4-94

* Section 3(a)(3) application by Community First
Financial Group, Inc., English, Indiana, to acquire
The New Washington State Bank, New Washington,
Indiana.

Newspaper:

6-4-94

* Section 4(c)(8) application by FDH Bancshares, Inc.,
Little Rock, Arkansas, to acquire Grant Federal
Savings Bank, Sheridan, Arkansas.

Newspaper:

6-3-94

Change in Control notification involving Community
First Financial Group, Inc., English, Indiana, by
Russell Breeden, III.

Newspaper:

5-24-94

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

* This application is subject to CRA.




FEDERAL RESERVE BANK O F ST. LOUIS
S . Louis, Missouri
t
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 of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities
.

Satisfactory record o f meeting community credit needs
A n institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs 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
.

FOR THE WEEK ENDING

Name of Bank
None




May 6, 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
Western Bank of Billings
Billings, MT
To become a member of the
Federal Reserve System*

May 9, 1994

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

Comment Period
Ending Date

Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting
shares of Copper Bancshares,
Inc., Silver City, NM*

June 6, 1994
(Federal Register)

Mountain West Financial Corp.
Helena, MT
To acquire 80% of the voting
shares of Mountain West Bank
of Helena, N.A.
Helena, MT*

May 27, 1994
(Federal Register)

First Bank System, Inc.,
Minneapolis, MN, and
Colorado National Bankshares,
Inc. Denver, CO,
,
To acquire 100% of the
voting shares of the Green
Mountain Bancorporation, Inc.,
Lakewood, CO*

May 22, 1994
(Newspaper)

Dirk Gasterland, Jan Gasterland
Hans Gasterland and Gretchen Gilbertson
To each acquire 21.84% of the voting
shares of Coulee Bancshares, Inc.,
LaCrosse, WI*

Not yet available

The Bridger Company
Bridger, MT
To acquire 100% of the voting
shares of Norwest Bank Wyoming
Lovell, N.A., Lovell, WY*

Not yet available

^Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
Norwest Corporation
Minneapolis, MN
To engage in Mortgage Lending
through the acquisition of
Legacy Mortgage, a joint
venture with Heritage Realtors,
Centerville, OH

May 31, 1994

Norwest Corporation
Minneapolis, MN
To engage in title insurance
agency and real estate
settlement activities
through the acquisition of
American Land Title Company
of Kansas City, Kansas City, MO

June 6, 1994

Community First Bankshares, Inc.
Fargo, ND
To engage in general insurance
agency activities through the
acquisition of Key Insurance
Agency, Gettysburg, SD

May 20, 1994

First State Bancorp, Inc.
LaCrosse, WI
To engage de novo in community
development activities

May 31, 1994

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 6, 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
The Bank at Broadmoor, Colorado
Springs, Colorado, for prior approval
to establish a de novo branch banking
facility at 501 South Tejon, Colorado
Springs, Colorado.

COMMENT PERIOD ENDING DATE
Not Available

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

APPLICATION

COMMENT PERIOD ENDING DATE

George K. Waitt, III, Rose Hill,
Kansas, for prior approval to
increase his proportionate ownership
interest in Rose Hill Bancorp, Inc.,
Rose Hill, Kansas, from 13.7 percent
to 36.8 percent.

May 20, 1994

Morrill Bancshares, Inc., Sabetha,
Kansas, for prior approval to acquire
100 percent of the voting shares of
Morrill and Janes Bank and Trust Co.,
Hiawatha, Kansas, and to merge with
Morrill and Janes Bancshares, Inc.,
Hiawatha, Kansas.*

June 6, 1994

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY

APPLICATION
First Ainsworth Company, Ainsworth,
Nebraska, for prior approval to
acquire the assets of The Kulek
Insurance Agency, Ainsworth,
Nebraska, and 80 percent of The First
National Agency of Ainsworth, Inc.,
Ainsworth, Nebraska, and to engage in
certain nonbanking activities.

COMMENT PERIOD ENDING DATE
May 20, 1994

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

APPLICATION
None.




Federal Reserce Bank of Kansas City

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.
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/Locat ion

Exam Date

Bank of Cushing & Trust Co.
01-24-94
P.O. Box 951
Cushing, Oklahoma 74023-0951

♦Application is subject to CRA.




CRA Public
Date
05-02-94

CRA
Rating
Outstanding

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 2, 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

** NOTICE EXP

*Section 3(a)(3) application by
Central Financial Bancorp, Inc., Lorena, TX, to
acquire Bank of Troy, Troy, TX

N/A

♦Section 3(a)(3) application by
Central Delaware Financial Bancorp, Inc., Dover, DE,
to acquire Bank of Troy, Troy, TX

N/A

Change in Control Notice by
First Bancshares of Texas, Inc., Employee Stock
Ownership Plan, Tomball, TX, to acquire an interest in
First Bancshares of Texas, Inc., Tomball, TX

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

Section 4(c)(8) de novo notification by
Northwest Bancorporation, Inc., Houston, TX, to engage
in trust activities

94/05/31

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

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF NAY 2. 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
Security Bank of Arlington
1521 N. Cooper, Ste. 100
P. 0. Box 121288
Arlington, TX 76012-1288




Date of
Examination
94/01/24

CRA Rating
Satisfactory

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 05/06/94
Section I - Applications Subject to Newspaper Notice Only
A d p Iication

Comment Period

EverTrust Bank (1°- Org.), City of Industry, California,
for membership in the Federal Reserve System.*

Ending Date
Not available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Union International Financial, South Pasadena, California, Newspaper:
became a bank holding company by acquiring Pacific Business
Bank, Carson, California.*
Fed. Reo.:
EverFinancial Corporation, South Pasadena, California, to
become a bank holding company by acquiring EverTrust Bank
(In. Org.), City of Industry, California.*

Not available
Not available

Newspaper:

Not availab.e

Fed. Rea.:

06/06/94

Section III - Applications Subject to Federal Register Notice Only
BankAmerica Corporation, San Francisco, California, to
acquire United Mortgage Holding Corporation, Bloomington,
Minnesota, through Bank of America, F.S.B., San Francisco,
California.

Fed. Reo.:

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

*

Subject to CRA




05/26/94

FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t ’ d . )

Week ending 05/06/94

Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending December 24, 1993. Information about a particular institution’s CRA evaluation may
be obtained directly from the institution.
Institution

Location

Cuyamaca Bank

9955 Mission Gorge Road
Santee, California 92076

Examination Date

Rating*

01/31/94

Satisfactory

(619) 562-6400

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




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