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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, No. 47 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending November 23, 1996 ACTIONS TAXEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES First Commercial Corporation, Little Rock, Arkansas, Arvest Bank Group, Inc., Bentonville, Arkansas, TRH Bank Group, Inc., Norman, Oklahoma, and TRH Oklahoma, Inc., Norman, Oklahoma -- request for a stay of the Board’s approval of the applications to acquire The Oklahoma National Bank of Duncan, Duncan, Oklahoma. Denied, November 20, 1996. R. Banking Limited Partnership, Oklahoma City, Oklahoma -- request to be treated as a qualified family partnership under the Bank Holding Company Act. Approved, November 20, 1996. South Central Texas Bancshares Inc., Flatonia, Texas -- to acquire Fayette Savings Association, La Grange, Texas. Approved, November 18, 1996. Union Planters Corporation, Memphis, Tennessee, and Capital Bancorporation, Inc. -- request for review or delay of approval by the Federal Reserve Bank of St. Louis of the application to acquire Financial Bancshares, Inc. Denied, November 22, 1996. BOARD OPERATIONS Budget for 1997. Approved, November 20, 1996. Freedom of Information -- publication in the Federal Register of an interim rule providing for an increase in the fees for responding to FOI requests (Docket R-0946). Approved, November 20, 1996. H.2 NOVEMBER *18, 1996 PAGE 2 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT Arab American Bank, New York, New York -- written agreement dated October 31, 1996, with the Federal Reserve Bank of New York. Announced, November 18, 1996. Nippon Credit Bank, Ltd., Tokyo, Japan (New York Branch) -- cease and desist order and order of assessment of civil money penalty against Thomas P. Rogers, a former chief foreign exchange trader and institution-affiliated party of the New York Branch. Announced, November 18, 1996. REGULATIONS AND POLICIES Reserves -- amendment to Regulation D to decrease from $52 million to $49 million in net transaction accounts to which a 3 percent reserve requirement will apply in 1997; to change the amount of reservable liabilities of each depository institution that is subject to a reserve requirement of zero percent; and to increase the deposit reporting cutoff level for 1997 (Docket R0945). Announced, November 21, 1996. SECURITIES REGULATION Regulations G, T, and U -- interpretation of the margin regulations in light of amendments to the Board's margin authority made by the Markets Improvement Act (Docket R-0943); and request for comment to implement amendments to the Securities Exchange Act (Docket R-0944). Approved, November 20, 1996. H.2 NOVEMBER 18, 1996 PAGE 3 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC San Francisco Bank of America Nevada, Las Vegas, Nevada -- to establish mobile branch courier services in the counties of Carson City, Churchill, Clark, Douglas, Elko, Lander, Lincoln, Mineral, Storey, Washoe, and White Pine, Nevada. Approved, November 22, 1996. Chicago Bloomingdale Bank & Trust, Bloomingdale, Illinois -to establish a branch at 104 South Main Street, Park Ridge, Illinois. Approved, November 18, 1996. Richmond Crestar Bank, Richmond, Virginia -- to establish an electronic funds transfer facility in the Fort Lee Main Exchange Shopping Center, Fort Lee, Virginia. Approved, November 20, 1996. Cleveland Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 12164 Lebanon Road. Approved, November 20, 1996. Cleveland Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 5467 Cedar Village Drive, Mason, Ohio. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 100 Northwest Renfro Street, Burleson, Texas. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 609 Southwest Big Ben, Glen Rose, Texas. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 300 Elm, Hillsboro, Texas. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 9200 Highway 377, Benbrook, Texas. Approved, November 20, 1996. H.2 NOVEMBER 18, 1996 PAGE 4 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Dallas Texas Bank, Weatherford, Texas - - t o establish a branch at 301 East Main Street, Crowley, Texas. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 139 College Park Drive, Weatherford, Texas. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 1671 West Henderson, Cleburne, Texas. Approved, November 20, 1996. Dallas Texas Bank, Weatherford, Texas -- to establish a branch at 702 West Pearl, Granbury, Texas. Approved, November 20, 1996. San Francisco Valley Bank of Arizona, Phoenix, Arizona -- to establish a branch at 3001 East Camelback Road, Phoenix, Arizona. Approved, November 18, 1996. BANK HOLDING COMPANIES Chicago Anita Bancorporation, Newton, Iowa - notification of intent to repurchase interest in Rolling Hills Insurance Agency, L.C., Atlantic, Iowa, a limited liability company. Permitted, November 19, 1996. H .2 NOVEMBER 18, 1996 PAGE 5 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BOLDING COMPANIES Secretary Bank of Boston Corporation, Boston, Massachusetts; Fleet Financial Group, Inc., Boston, Massachusetts; The Governor and Company of the Bank of Ireland, Dublin, Ireland; The Royal Bank of Scotland Group pic, Edinburgh, United Kingdom; The Royal Bank of Scotland pic, Edinburgh, United Kingdom; Citizens Financial Group, Inc., Providence, Rhode Island; The Bank of New York Company, Inc., New York, New York; The Chase Manhattan Corporation, New York, New York; Citicorp, New York, New York; HSBC Holdings PLC, London, England; HSBC Holdings BV, Amsterdam, Netherlands; HSBC Americas, Inc., Buffalo, New York; National Westminster Bank, PLC, London, England; and First Union Corporation, Charlotte, North Carolina - - t o engage in additional data processing activities through NYCE Corporation, Woodcliff Lake, New Jersey. Approved, November 21, 1996. New York Bridge View Bancorp, Englewood Cliffs, New Jersey to acquire Bridge View Bank. Approved, November 20, 1996. Richmond Crestar Financial Corporation, Richmond, Virginia to acquire Citizens Bancorp, Laurel, Maryland. Approved, November 20, 1996. Kansas City Crossdale, Inc., Hiawatha, Kansas -- to engage in the sale of general insurance through the acquisition of Citizens Insurance Agency. Approved, November 20, 1996. Chicago F 8 M Bancorporation, Inc., Kaukauna, Wisconsin -- to acquire Green County Bank, Brodhead, Wisconsin. Approved, November 22, 1996. H.2 NOVEMBER T 8 , 1996 PAGE 6 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago M Bancorporation, Inc., Kaukauna, Wisconsin, and F & M Merger Corporation - - t o acquire East Troy Bancshares, Inc., East Troy, Wisconsin, and State Bank of East Troy. Approved, November 22, 1996. Chicago Firstbank of Illinois Co, Springfield, Illinois -notification of intent to purchase the assets of Zemenick & Walker, Inc., St. Louis, Missouri, and engage in investment advisory services. Permitted, November 20, 1996. Chicago Firstbank of Illinois Co., Springfield, Illinois -notification of intent to purchase the assets of Zemenick & Walker, Inc., St. Louis, Missouri, and engage in investment advisory services. Permitted, November 20, 1996. Kansas City FNBJ Company, Johnstown, Colorado -- to acquire First National Bank of Johnstown. Approved, November 20, 1996. Minneapolis Frandsen Financial Corporation, Forest Lake, Minnesota -- to acquire State Bank of Lonsdale, Lonsdale, Minnesota. Approved, November 21, 1996. Kansas City Fredonia State Bancshares, Inc., Fredonia, Kansas -to acquire State Bank of Fredonia. Approved, November 22, 1996. Philadelphia Fulton Financial Corporation, Lancaster, Pennsylvania -- to engage in community development activities through an investment in a limited partnership. Permitted, November 19, 1996. Chicago Independence Bancshares, Inc., Independence, Iowa -to acquire Southeast Security Bank, Mediapolis, Iowa. Approved, November 18, 1996. * F St H .2 NOVEMBER '18, 1996 PAGE 7 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Klein Bancshares of Delaware, Inc., Wilmington, Delaware -- request for waiver of application to acquire Klein Bank, Harris County Texas. Granted, November 19, 1996. Richmond MainStreet BankGroup, Martinsville, Virginia -- to engage de novo in trust activities through MainStreet Trust Company, N.A. Permitted, November 18, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to acquire West Columbia National Bank, West Columbia Texas. Approved, November 19, 1996. Chicago Old Kent Financial Corporation, Grand Rapids, Michigan -- to acquire Beaway Financial Corporation, Saint Clair; Algonac Savings Bank, Algonac; and Commercial and Savings Bank of St. Clair County, Saint Clair, Michigan. Approved, November 20, 1996. New York Royal Bank of Canada, Montreal, Quebec, Canada - - t o engage de novo through a subsidiary in lending activities. Permitted, November 22, 1996. St. Louis South Central Bancshares, Inc., Russellville, Kentucky -- to acquire Hopkins Bancorp, Inc., Wickliffe, Kentucky. Approved, November 22, 1996. Minneapolis United Community Bancshares, Inc., Eagan, Minnesota - to acquire Park Financial Corporation, St. Louis Park, Minnesota. Approved, November 19, 1996. H .2 NOVEMBER 18, 1996 PAGE 8 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Minneapolis Big Sky Holding Company, Stanford, Montana -- change in bank control. Permitted, November 20, 1996. San Francisco Cerritos Valley Bancorp, Norwalk, California -change in bank control. Permitted, November 19, 1996. Secretary First United Bancshares, Inc., El Dorado, Arkansas -change in bank control. Permitted, November 20, 1996. Kansas City Miners Bancshares, Inc., Frontenac, Kansas -- change in bank control. Permitted, November 20, 1996. San Francisco Palm Desert Investments, Palm Desert, California -change in bank control. Permitted, November 21, 1996. COMPETITIVE FACTORS REPORTS Atlanta Allied Bank of Georgia, Thomason, Georgia, proposed merger with Bank of Stapleton, Stapleton, Georgia - report on competitive factors. Submitted, November 20, 1996. San Francisco American West Bank, Encino, California, proposed merger with The Bank of Los Angeles, Los Angeles, California -- report on competitive factors. Submitted, November 21, 1996. Boston Berkshire County Savings Bank, Pittsfield, Massachusetts, proposed merger with Great Barrington Savings Bank, Great Barrington, Massachusetts -- report on competitive factors. Submitted, November 19, 1996. St. Louis Casey County Bank, Inc., Liberty, Kentucky, purchase of certain assets and assumption certain liabilities of the Liberty branch Financial Bank, FSB, Louisville, Kentucky on competitive factors. Submitted, November 19, 1996. proposed of of Great -- report H .2 NOVEMBER 18, 1996 PAGE 9 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Charter Trust Company, N.A., Houston, Texas, proposed merger with Southwest Guaranty Trust Company, N.A. -- report on competitive factors. Submitted, November 19, 1996. Richmond Citizens Bank, Laurel, Maryland, proposed merger with Citizens Bank of Washington, National Association, Washington, D.C. -- report on competitive factors. Submitted, November 18, 1996. San Francisco City National Bank, Beverly Hills, California, proposed merger with Ventura County National Bank, Oxnard; and Frontier Bank, National Association, La Palma, California -- report on competitive factors. Submitted, November 21, 1996. Dallas Commerce National Bank, College Station, Texas, proposed merger with Compass Benk, Houston, Texas - report on competitive factors. Submitted, November 19, 1996. Minneapolis Community First National Bank, Little Falls, Minnesota, and Community First National Bank, Worthington, proposed merger with Community First National Bank, Fergus Falls, Minnesota -- report on compet itive factors. Submitted, November 20, 1996. Minneapolis Community First National Bank, Dickinson, North Dakota, proposed merger with Community First National Bank, Fargo, North Dakota -- report on competitive factors. Submitted, November 20, 1996. Minneapolis Community First State Bank, Vermillion, South Dakota, proposed merger with Community First State Bank, Redfield, South Dakota -- report on competitive factors. Submitted, November 22, 1996. Kansas City Emprise Bank, Wichita, Kansas, proposed merger with Wichita Federal Savings and Loan Association -report on competitive factors. Submitted, November 21, 1996. H.2 NOVEMBER 18, 1996 PAGE 10 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas First American Bank Texas, SSB, Bryan, Texas, proposed acquisition of the assets and assumption of the liabilities of branches at 504 North Mason, Bowie, 315 South Avenue D, Burkburnett; 111 South Main, Henrietta; 301 North Wall Street, Iowa Park; 2525 Kell Boulevard, Wichita Falls; 2949 Southwest Parkway, Wichita Falls; 4150 Buffalo Gap Road, Abilene; 1242 North 4th Street, Abilene; 3002 North 12th Street, Abilene; 301 Edwards, Merkle; and 3365 South 14th Street, Abilene, Texas, of Bank of America Texas, N.A., Irving, Texas -- report on competitive factors. Submitted, November 22, 1996. Atlanta First American National Bank, Nashville, Tennessee, proposed merger with Community First Bank, Hartsville, Tennessee -- report on competitive factors. Submitted, November 20, 1996. Atlanta First Bank, Tallahassee, Florida, proposed merger with First Interim Bank of Tallahassee •• report on competitive factors. Submitted, November 20, 1996. H .2 NOVEMBER 18, 1996 PAGE 11 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago First Mid-Illinois Bank & Trust, National Association, Mattoon, Illinois, proposed purchase of certain assets and assumption of the liabilities of the Charleston branch of First of America BankIllinois, National Association, Bannockburn, Illinois -- report on competitive factors. Submitted, November 22, 1996. Chicago First Mutual Bank, S.B., Decatur, Illinois, proposed purchase of the assets and assumption of the liabilities of the Lincoln, Taylorville, and Pontiac, Illinois, branches of First of America Bank-Illinois, National Association, Bannockburn, Illinois -- report on competitive factors. Submitted, November 22, 1996. Kansas City First National Bank, Fort Collins, Colorado, proposed acquisition of the assets and assumption of the liabilities of Union Colony Bank, Greeley, Colorado -- report on competitive factors. Submitted, November 21, 1996. Chicago First National Bank in Le Mars, Iowa, Le Mars, Iowa, proposed merger with Interim First National Bank, Le Mars, Iowa -- report on competitive factors. Submitted, November 21, 1996. Minneapolis First National Interim Bank of the Lakes, Navarre, Minnesota, proposed merger with First National Bank of the Lakes -- report on competitive factors. Submitted, November 20, 1996. Atlanta FirstMerit Bank, N.A., Clearwater, Florida, proposed merger with SouthTrust Bank of Florida, N.A., St. Petersburg, Florida -- report on competitive factors. Submitted, November 18, 1996. Chicago Harlan National Bank, Harlan, Iowa, proposed merger with First National Bank, Missouri Valley; and Citizens National Bank, Avoca, Iowa -- report on competitive factors. Submitted, November 18, 1996. H. 2 NOVEMBER 18, 1996 PAGE 12 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas International Bank of Commerce, Laredo, Texas, proposed purchase of the assets and assumption of the liabilities of branches at 200 East Mulberry, Angleton; 1206 North Brazosport Boulevard, Freeport; 212 That Way, Lake Jackson; 4601 Avenue H, Suite 1, Rosenberg; and 2501 Palmer Highway, Texas City, Texas, of Bank of America Texas, N;A., Irving, Texas -- report on competitive factors. Submitted, November 21, 1996. Dallas Norwest Bank Texas, Kelley Field, N.A., San Antonio, Texas, proposed merger with Norwest Bank Texas, South, N.A. -- report on competitive factors. Submitted, November 19, 1996. St. Louis Omni Bank, Pontoon Beach, Illinois, proposed merger with 0FC Interim Bank, Pontoon Beach, Illinois -report on competitive factors. Submitted, November 21, 1996. Dallas Secured Trust Bank, Tyler, Texas, proposed purchase of assets and assumption of liabilities of a branch of Bank of America Texas, N.A., Irving, Texas, at 1909 South Broadway -- report on competitive factors. Submitted, November 19, 1996. St. Louis Security Bank of Amory, Amory, Mississippi, proposed merger with Amory Interim Bank -- report on competitive factors. Submitted, November 19, 1996. Dallas Texas Bank, Weatherford, Texas, proposed acquisition of the assets and assumption of the liabilities of eleven branches of Bank of America Texas, N.A., Irving, Texas -- report on competitive factors. Submitted, November 20, 1996. Atlanta United Bank of Pike, Zebulon, Georgia, proposed merger with United Bank, Barnesville, Georgia report on competitive factors. Submitted, November 20, 1996. H 2 NOVEMBER 18, 1996 PAGE 13 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta United Bank of Pike, Zebulon, Georgia, proposed merger with United Bank of Griffin, Griffin, Georgia -- report on competitive factors. Submitted, November 20, 1996. Secretary U.S. Savings Bank of Washington, Bellingham, Washington, proposed merger with U.S. Bank of Washington, N.A., Seattle, Washington -- report on competitive factors. Submitted, November 21, 1996. San Francisco Washington Trust Bank, Spokane, Washington, proposed merger with Northern State Bank, Coeur d fAlene, Idaho -- report on competitive factors. Submitted, November 21, 1996. EXTENSIONS OF TIME Boston Assabet Valley Bancorp, Hudson, Massachusetts -extension to acquire Hudson Savings Bank. Granted, November 22, 1996. New York Investors Bancorp MHC, Millburn, New Jersey, and Investors Bancorp, Inc. -- extension to January 15, 1997, to acquire Investors Savings Bank. Granted, November 21, 1996. Macon Bancorp, Franklin, North Carolina -- extension to February 28, 1997, to acquire Macon Savings Bank, SSS, Franklin, North Carolina. Granted, November 20, 1996. H.2 NOVEMBER 18, 1996 PAGE 14 TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANXS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond NationsBank, N.A., Charlotte, North Carolina -extension to May 19, 1997, to establish a branch in Seoul, Korea. Granted, November 20, 1996. Atlanta ONB Financial Services, Inc., Ocala, Florida -extension to February 22, 1997, to acquire Ocala National Bank. Granted, November 22, 1996. Boston UFS Bancorp, Whitinsville, Massachusetts -- extension to acquire Unibank For Savings. Granted, November 19, 1996. H.2 NOVEMBER*18, 1996 PAGE 15 ADDITIONS AND CORRECTIONS TO NOVEMBER 22, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Truth in Lending -•* report to the Congress on whether existing rules provide adequate protections for consumers obtaining home-equity credit. Approved, November 7, 1996. 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 BostonFed Bancorp,Inc., Burlington, Massachusetts 3 (a)(1)/4(c)(8)application to acquire Broadway Capital Corp., Chelsea, MA and to retain Boston Federal Savings Bank, Burlington, Massachusetts* Newspaper 12-19-96 Federal Register 12-20-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Pate NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date .Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "O" - Outstanding; "S" - Satisfactory; "N" - Needs to Improve; "SN" - Substantial Noncompliance. FEDERAL RESERVE BANK OF NEW YORK C om m ent Period E nding Date SECTION I Applications Subject to N ewspaper ______ Notice Only______ None. SECTION II Applications Subject to Both N ewspaper and Federal Register Notice None. SECTION III N onbanking Applications (subject to Federal Register Notice Only I The Fuji Bank, Ltd., Tokyo, Japan, to engage through its subsidiary, Heller Financial, Inc., Chicago, Illinois, in community development activities. 12/10/96 Bayerische Vereinsbank, Munich, Germany, to engage through its subsidiary, VB Risk Management Products Inc., New York, New York, in certain swaps-related activities. N/A SECTION IV Applications Not Involving Public Com m ent None. SECTIO N V Availability o f 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 o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. W eek E nding N ovem ber 2 3 .1 9 9 6 NAM E OF BANK RATING None. 1/ Subject to provisions of Community Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available E X A M IN A TIO N D ATE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIO NS RECEIVED A N D SUBJECT TO N EW SPA PER NOTICE ONLY NONE SECTION II - APPLICATIONS RECEIVED A ND SUBJECT TO BO TH N EW SPAPER AND FEDERAL REG ISTER NOTICE Susquehanna Bancshares, Inc., Lititz, PA to acquire Atcorp, Inc., M ariton, NJ and its whollyowned subsidiary, Equity National Bank, Atco, NJ, Farmers Banc Corp, M ullica Hill, NJ and Farmers National Bank, Mullica Hill, NJ, pursuant to Section 3(a)(3) o f the B ank H olding Company Act. Newspaper com m em t period expires: Federal Register com m ent period expires: N/Avail N/Avail SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL R EG ISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REG ISTER NOTICE O R N EW SPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTIO N V - AVAILABILITY OF CRA PUBLIC EVALUATIO NS 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 November 22, 1996. Identification o f Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: O utstanding record of m eeting com m unity 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 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. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to im prove record o f m eeting com m unity credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in m eeting com m unity credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam ination Date C RA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending Novem ber 23, 1996) SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY Received Section 3(a)(1) notice from Communibanc Corp., Napoleon, Ohio on November 19, 1996, to acquire The Henry County Bank, Napoleon, Ohio. Received notice from The Independent State Bank o f Ohio, Columbus, Ohio, on November 21, 1996, o f its intent to relocate its main office from 67 Pheasantview Court, Columbus, Ohio, to 1182 Claycraft Road, Gahanna, Ohio. *November 30, 1996 *December 4, 1996 SECTIO N n - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(5) application from First & Farmers Bancshares, Inc, Somerset, Kentucky on November 22, 1996, to acquire Cumberland Bancorp, Inc., Burkesville, Kentucky. *N: December 14, 1996 SECTION HI - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEW SPAPER NOTICE NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period it - Expected to End 30 Days from Date o f Receipt AVAILABILITY OF CRA PUBLIC E V ALU A TIO N S (November 22, 1996) The following state member banks have been examined by the Federal Reserve Bank o f Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended November 22, 1996. If you are interested in obtaining a copy o f an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank 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. N E E D S TO IM PROVE: a bank 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 N O N COMPLIANCE: a bank in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE FEDERAL RESERVE B A NK OF CLEVELAND P. O. Box 6387 Cleveland, Ohio 44101-1387 CRA Exam inations Scheduled First Quarter 1997 Examinations may have to be rescheduled during the calendar quarter in which they are designed to begin. If an institution’s examination is rescheduled for a date later than the end o f the date range reflected in a published schedule, the institution’s name w ill be republished in an appropriate later listing. Any comments received as a result o f either the first publication or subsequent publications w ill be considered during the examination. Fifth Third Bank 38 Fountain Square Plaza Cincinnati, OH 45263 The State Bank and Trust Company 401 Clinton Street Defiance, OH 43512 Citizens Commercial Bank & Trust Company 225 N. Main Street Celina, OH 45822-2201 Heartland Bank 12 N. Main Street Croton, OH 43013 The Commercial Bank 230 E 2nd Street Delphos, OH 45833 Sabina Bank 135 N. Howard Street Sabina, OH 45169-1152 Somerset Trust Company 151 W. Main Street Somerset, PA 15501-0777 Farmers Bank & Savings Company 211 W. 2nd Street Pomeroy, OH 45769-1037 Apollo Trust Co. 201 N. Warren Avenue Apollo, PA 15613-0247 The Exchange Bank 235 Main Street Luckey, OH 43443 The Savings Bank and Trust Company 101 W. Market Street Orrville, OH 44667-0240 The Croghan Colonial Bank 323 Croghan Street, Box C Fremont, OH 43420-0557 Federal Reserve Bank of Richmond S e c tio n I - A p p lic a tio n s S u b ject t o N e w sp a p er Hotice Only Application Comment P e r i o d E n d i n g D a te H i g h l a n d s U n io n Bank, A b in g d o n , V i r g i n i a , t o e s t a b l i s h a branch a t 1 4 2 5 N o r t h M ain S t r e e t , M a r io n , V ir g in ia .* 12 -5 -9 6 F Sc M B a n k - M a r t i n s b u r g , M a r t i n s b u r g , West V i r g i n i a , t o e s t a b l i s h a b r a n c h at 704 F o x c r o f t A v e n u e N o r t h , burg, M a rtin s West V i r g i n i a . * 12 -16 -9 6 S e c tio n II - A p p lic a tio n s Newspa p e r and F e d e r a l S u b ject to B oth R e g is te r N o tic e Application Coroment-Period Ending.Pate None. S e ctio n III - A p p l i c a t ion s Sub-iect t o Federal R e g is te r N o tic e Comment.Period Ending. Pate Ap p l i c a t i o n None. S e c t i o n I V - A p p l i c a t i o n N ot S u b j e c t t o F e d e r a l R e g i s t e r N o t i c e o r Newspa p e r N o t i c e A p p lic a tio n F i r s t U n io n N a t i o n a l Bank o f N o r t h C a r o lin a , C h a r l o t t e , N orth C a r o lin a , t o o r g a n i z e an A g r e e m e n t C o r p o r a t i o n t o b e known a s F i r s t U n io n O v e r s e a s In vestm en t C o rp o r a tio n , C h a r lo tt e , North C a r o l i n a . rA p p l i c a t i o n is su b je c t to CRA r e q u i r e m e n t s . Federal Reserve Bank of Richmond S e c t io n ,. V - A v a i l a b i l i t y of CRA P u b l i c Week e n d i n g November 2 2 , E v a lu a tio n s 19 9 6 Definition of-Ratings O u t s t a n d i n g r e c o r d o f m e e t i n g comm unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g r o u p h a s an o u t s t a n d i n g r e c o r d o f , an d i s a l e a d e r a s c e r t a i n i n g and h e l p i n g t o m eet t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d com m unity, siste n t in c lu d in g w ith S a tisfa c to ry its low - resources an d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in th is a manner c o n and c a p a b i l i t i e s . r e c o r d o f m e e t i n g comm unity c r e d i t An i n s t i t u t i o n in in , needs. group has a s a t i s f a c t o r y record of a s c e rta in in g and h e l p i n g t o m e e t t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d com m unity, i n c l u d i n g l o w - an d m o d e r a t e - incom e n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s an d c a p a b i l i t i e s . N e ed s t o i m p r o v e r e c o r d o f m e e t i n g com m unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g r o u p n e e d s t o im p r o v e i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g an d h e l p i n g t o m eet t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d co m m unity, i n c l u d i n g lo w - and m o d e r a t e - i n c o m e n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . S u b s t a n t i a l n o n c o m p l i a n c e i n m e e t i n g com m unity c r e d i t n e e d s . An i n s t i t u t i o n i n t h i s g r o u p h a s a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g an d h e l p i n g t o m eet t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d com m unity, i n c l u d i n g lo w - an d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . E xam in ation D a t e ___ F i r s t V i r g i n i a Bank - H i g h l a n d s 450 West M ain S t r e e t C o vin gto n , V i r g i n i a 24426-1554 F Sc M B a n k - M a r t i n s b u r g 1 3 1 S o u t h Queen S t r e e t M a r t i n s b u r g , W est V i r g i n i a 25401 7 -8 -9 6 Rating S a tisfa c to ry 8 -19 -9 6 O u tstan d in g 8-20-96 S a tisfa c to ry The P l e a s a n t s C o u n t y Bank 323 2nd S t r e e t S t. M arys, W est V i r g i n i a 2 6 17 0 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 22. 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date SunTrust Bank 11-02-96* Atlanta, Georgia To establish a branch located at 113 Joel Cowan Highway, Peachtree City, Georgia. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Th Bancshares, Inc. Jennings, Louisiana 1-BHC formation, Th Bank, Jennings, Louisiana. Not yet available* Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Citizens Community Bancorp, Inc. Marco Island, Florida To engage in making, acquiring, or servicing loans or other extensions of credit, pursuant to Section 225.25 (b) (1) of Regulation Y and Section 4(c) (8) of the Bank Holding Company Act. Button Gwinnett Financial Corp. Lawrenceville, Georgia Commitment waiver request. ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 22, 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank CRA Rating Farmers and Merchants Bank Post Office Box 220 Centre, Alabama 35960 (205)^927-3691 Satisfactory Examination Date 08-12-96 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 22. 1996 Recently Approved Applications None. Approval Date Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch Lake Forest Bank & Trust Company Lake Forest, Illinois 911 South Telegraph Road Lake Forest, Illinois NP - 12-5-96 Branch First American Bank Carpentersville, Illinois 80 Stratford, Square Bloomingdale, Illinois NP - 12-4-96 Branch First American Bank Carpentersville, Illinois 33 South Rand Road Lake Zurich, Illinois NP - 12-4-96 3(a)(1) Notice St. Cloud Bancshares, Inc. St. Cloud, Wisconsin State Bank of St. Cloud St. Cloud, Illinois NP - 11-20-96 Branch First American Bank o f Kankakee Kankakee, Illinois 6200 West 95th Street Oak Lawn, Illinois NP - 11-29-96 Branch First American Bank Joliet, Illinois U .S. Route 30 and Mall Loop Drive Joliet, Illinois NP - 12-4-96 NP - Newspaper FR - Federal Register * - Subject to Provisions o f Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Lading Date Tvpe Application 3(a)(3) Salin Bancshares, Inc.* Indianapolis, Indiana Columbus Bancorp, Inc. Indianapolis, Indiana Columbus Bank and Trust Company Columbus, Indiana F R - 11-1-96 N P - 11-22-96 3(a)(1) New Asia Bancorp* Chicago, Illinois NAB Bank Chicago, Illinois FR - 11-29-96 NP - 10-21-96 3(a)(3) Pontiac Bancorp, Inc.* Pontiac, Illinois Bank of Dwight Dwight, Illinois FR - 11-29-96 NP - 11-25-96 3(a)(1) Sun Community Bancorp, Ltd.* Tucson, Arizona Bank o f Tucson Tucson, Arizona PR _ ** NP - ** 3(a)(1) AmeriMark Financial Corporation. * Oak Brook, Illinois Duco Bancshares, Inc. Villa Park, Illinois Bank of Illinois in DuPage Villa Park, Illinois FR - 12-20-96 NP - 12-16-96 3(a)(1) Barker Brothers, Inc.* Springfield, Illinois Middletown Bancorp, Inc. Middletown, Illinois Middletown State Bank M iddletown, Illinois Latham Bancorp, Inc. Latham, Illinois State Bank o f Latham Latham, Illinois FR - 12-13-96 NP _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(3) Wintrust Financial Corporation* Wilmette, Illinois Barrington Bank & Trust Company, National Association Barrington, Illinois (in organization) FR - 11-29-96 N P - 11-25-96 CoC-HC MWA Bancorporation Estherville, Iowa By Greg J. Currell FR - 12-03-96 N p . ** 3(a)(3) FBOP Corporation* Oak Park, Illinois SDNB Financial Corp. San Diego, California San Diego National Bank San Diego, California FR - 11-18-96 NP - 11-22-96 3(a)(1) Pineries Bankshares, Inc.* Stevens Point, Wisconsin Mattoon State Bank Mattoon, Wisconsin FR - 12-19-96 NP - 12-15-96 CoC-HC Community Central Bank Corporation Mount Clemens, Michigan By Willard G. Pierce FR - 12-12-96 NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(3) Columbus Bancorp, Inc.* Indianapolis, Indiana Salin Bank and Trust Company Indianapolis, Indiana F R - 11-1-96 N P - 11-22-96 3(a)(3) Old Kent Financial Corporation* Grand Rapids, Michigan Old Kent Bank, National Association (in organization) Jonesville, Michigan FR - 12-20-96 jsjp _ ** 3(a)(3) Beaman Bancshares, Inc.* Beaman, Iowa Producers Savings Bank Green Mountain, Iowa P R _ ** N p . ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Ending Date Type Application 3(a)(3) F & M Bancorporation, Inc.* Kaukauna, Wisconsin Green County Bank Brodhead, Wisconsin F R - 11-18-96 N P - 11-18-96 3(a)(1) Two Rivers Bank Holding Company* Rock Valley, Iowa Rock Valley State Bank Rock Valley, Iowa (in organization) FR - 11-29-96 NP - 11-29-96 3(a)(3) Panhandle Aviation, Inc.* Carinda, Iowa National Bank of Iowa Danison, Iowa FR - 12-03-96 Mound City Financial Services, Inc.* Platteville, Wisconsin Mound City Bank Platteville, Wisconsin FR - 12-06-96 3(a)(1) Independent Bancorp., Limited* Little Chute, Wisconsin Bank of Little Chute Little Chute, Wisconsin FR - 12-09-96 NP - 12-05-96 3(a)(5) Associated Banc-Corp.* Green Bay, Wisconsin Centra Financial, Inc. West Allis, Wisconsin Central Bank West Allis, Wisconsin FR - 12-20-96 3(a)(1) NP -** NP -** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date Type Application 4(c)(8) AmeriMark Financial Corporation Oak Brook, Illinois Banill Corporation Villa Park, Illinois FR - 12-20-96 4(c)(8) Heartland Financial USA, Inc. Dubuque, Iowa Tri-State Community Credit Corp. Dubuque, Iowa FR - 12-13-96 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application ROS Bankers Trust Company Des Moines, Iowa to redeem $2 million in noncumulative preferred stock Federal Reserve Bank o f Chicago Section V - Availability o f CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank o f 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 November 22, 1996. If you are interested in obtaining a copy o f the evaluation document, please contact the bank(s) directly. Identification o f 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 o f 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 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. NI - An institution in this group has a 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. SN - An institution in this group has a substantial noncompliance 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 maimer consistent with its resources and capabilies. BANK NAME/LOCATION EXAMINATION DATE RATINGS The Ripley County Bank 420 South Buckeye Osgood, Indiana 47037-0176 (812) 689-4202 8/13/96 O Citizens First State Bank o f Walnut 105 North Main Street Walnut, Illinois 61376-0579 (815) 379-2141 8/07/96 S Federal R eserve Bank o f St. Louis FOR THE WEEK ENDING NOVEM BER 22, 1996 SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE Application End o f Comment Period * Section 9 application by Cass Bank & Trust Company, St. Louis, Missouri, to relocate its main office from 3636 Geyer Road, St. Louis, Missouri, to 13001 Hollenberg Road, Bridgeton, Missouri. 11-25-96 * Section 3(a)(1) notification by Bankshares o f Fayetteville, Inc., Fayetteville, Arkansas, to acquire The Bank o f Fayetteville, N .A ., Fayetteville, Arkansas. 11-26-96 SECTION II - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL REGISTER NOTICE A pplication End o f Comment Period * Section 3(a)(1) application by Community State Bancshares, Inc., Shelbina, Missouri, to acquire Community State Bank, Shelbina, Missouri. Newspaper: 12-20-96 Change in control notification involving Rosedale First National Corporation, Rosedale, Mississippi, by Henry McCaslin, Jr., Bennie B. Wright, Jr., and Acme Investment Company. N /A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End o f Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEW SPAPER NOTICE Application None.* * This application/notification is subject to CRA. End o f Comment Period FEDERAL RESERVE BANK OF ST. LOUIS FOR THE W EEK ENDING NOVEMBER 22, 1996 SECTION V - AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: O u ts ta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S a tis fa c to r y r e c o r d o f m e e ti n g c o m m u n ity c r e d it n e e d s An 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. N e e d s to im p r o v e r e c o r d o f m e e ti n g c o m m u n ity c r e d it n e e d s An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S u b s ta n ti a l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Name o f Bank Bank Address Examination Date Examination Rating State Bank o f Farina Farina, Illinois 8/21/96 Satisfactory Peoples Bank & Trust Greensburg, Kentucky 8/5/96 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Crow River State Bank, Delano, Minnesota, to establish a branch in Mound, Minnesota. * December 4, 1996 * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Walker Ban Co., Walker, Minnesota, for prior approval to acquire 100% of the voting shares of the Pequot Area Bancorporation, Inc., Pequot Lakes, Minnesota. * December 12, 1996 (Federal Register) Michael and Cindy Schneider to acquire control of 100% of the voting shares of Elkton Bancshares, Inc., Elkton, Minnesota. December 6, 1996 (Federal Register) Otto Bremer Foundation and Bremer Financial Corporation, both of St. Paul, Minnesota for prior approval to acquire 100% of the voting shares of the First American Bank, N.A., Moorhead, Minnesota. * December 23, 1996 (Federal Register) * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application NONE. Comment Period Ending Date FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Underwood Bancshares, Inc., Underwood, Minnesota, to redeem 50.2% of its voting shares. Security State Bancshares of Bemidji, Inc., Bemidji, Minnesota, to redeem 100% of its preferred shares. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending November 22, 1996 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANRIS') EXAMINED DATE OF EXAMINATION CRA RATING Citizens State Bank P.O. Box 378 Arlington, SD 57212-0378 (605) 983-5594 August 12, 1996 Outstanding Federal Reserve Bank of Kansas C ity SEC T IO N I - APPLICATIO NS SUBJECT TO NEW SPAPER NO TICE O NLY APPLICATION COMMENT PERIOD ENDING DATF. None. SECTION II - APPLICATIONS SUBJECT TO ROTH NEW SPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATF. Front Range Bancshares, Inc., Lakewood, Colorado, for prior approval to become a bank holding company through the acquisition of at least 80 percent of the voting shares of Front Range Bank, Lakewood, Colorado, a de novo bank.* December 20, 1996 SEC TIO N ITT - APPLICATIONS SUBJECT TO FEDERAL REGISTER NO TICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SEC TIO N IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER NOTICE OR NEW SPAPER NOTICE . APPLICATION None. SECTIO N V - AVAILABILITY OF CRA PUBLIC EV ALU A TIO N S Identification of Ratings In connection with the assessment of each insured depository institution’s CRA performance, a rating is assigned from the following groups: O utstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas C ity Satisfactory record o f m eeting community credit needs An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to im prove record o f m eeting community credit needs An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in m eeting com m unity credit needs An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.* Bank/Location Exam Date CRA Public Date First State Bank o f Hotchkiss P.O. Box 38 Hotchkiss, Colorado 81419-0038 08/24/96 11/19/96 *Application is subject to CRA. CRA Rating Outstanding FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF NOVEMBER 18, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 18(c) application received from Texas Bank, Weatherford, TX, to acquire through a purchase and assumption transaction certain assets and liabilities of 8 branches of Bank of America, Texas, N.A., Irving, TX 96/11/09 ♦Section 9 application from Texas Bank, Weatherford, TX, to establish 8 branches at the following locations: 96/11/09 Benbrook Branch 9200 Highway 377 South Benbrook, TX 76126 Crowley Branch 301 E. Main Street Crowley, TX 76036 Hillsboro Branch 300 Elm Hillsboro, TX 76645 Burleson Branch 100 N.W. Renfro Street Burleson, TX 76028 Glen Rose Branch 609 Southwest Big Bend Glen Rose, TX 76043 Weatherford Branch 139 College Park Drive Weatherford, TX 76086 Cleburne Branch 1671 W. Henderson Cleburne, TX 76031 Granbury Branch 702 W. Pearl Granbury, TX 76048 (Previously reported during the week of 9-30-96) SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION *Section 3(a)(3) application by First Pecos Bancshares, Inc., Midland, TX, to acquire First National Bank of Fort Stockton, Fort Stockton, TX N/A ♦Section 3(a)(3) application by Central Texas Bankshare Holdings, Inc., Columbus, TX, to acquire Hill Bancshares Holdings, Inc., Weimar, TX, Hill Bancshares, Inc., Wilmington, DE, and Hill Bank & Trust Company, Weimar, TX 96/12/16 ♦Section 3(a)(3) application by Colorado County Investment Holdings, Inc., Wilmington, DE, to acquire Hill Bancshares Holdings, Inc., Weimar, TX, Hill Bancshares, Inc., Wilmington, DE, and Hill Bank & Trust Company, Weimar, TX 96/12/16 Change in Control Notice by James R. Bruton, De Leon, TX, to acquire an interest in F&M Bancshares, Inc., De Leon, TX (Previously reported during the week of 11-11-96) ♦Section Hickory Hickory and The 96/12/11 3(a)(1) application by Hill Bancshares, Inc., Avinger, TX, to acquire Hill Delaware Financial Corporation, Dover, DE, First State Bank of Avinger, Avinger, TX N/A ♦Section 3(a)(1) application by Hickory Hill Delaware Financial Corporation, Dover, DE, to acquire The First State Bank of Avinger, Avinger, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY A P PLICATION None. NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None.* * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF NOVEMBER 18. 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhood*-, in a manner consistent with its resources and capabilities. Bank None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 11/22/96 Section I - Applications Subject to Newspaper Notice Only A d d Iication Comment Period Ending Date Towne Bancorp, Inc., to become a bank holding ompany by acquiring Towne Bank, both of Woodinville, Washington. * Newspaper: 12/03/96 Silicon Valley Bank, Santa Clara, California, to convert an existing loan producation office into a branch office, located at 5414 Oberline Drive, San Diego, California. * Newspaper: 12/02/96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Great Basin Financial Corporation, Elko, Nevada, to become a bank holding company by acquiring Great Basin Bank of Nevada, Elko, Nevada. * Newspaper: Not available Fed. Rea.: 12/19/96 Section III -Applications Subject to Federal Register Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 11/22/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER