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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1994, No. 48 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending November 26, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK MERGERS Marine Midland Bank, Buffalo, New York -- to acquire certain assets and assume certain liabilities of six FDIC-insured New York State branches of Hongkong Shanghai Banking Corporation Limited, Hong Kong, and to establish branches. Approved, November 21, 1994. BOARD OPERATIONS Budget for 1995. Approved, November 23, 1994. Office of Inspector General -- budget for 1995. Approved, November 23, 1994. INTERNATIONAL OPERATIONS Bank of Boston Corporation, Boston, Massachusetts -to make an investment in Boston AIG Company Limited, a Bermuda corporation. Permitted, November 21, 1994. Republic International Bank of New York, Miami, Florida -- to make an investment in Republic New York CUK) Limited, London, England. Permitted, November 25, 1994. REGULATIONS AND POLICIES Regulation E -- interim rule and request for comment on amendments concerning identification of consumer accounts on terminal receipts at automated teller machines (Docket R-0859). Approved, November 23, 1994. Regulation Z -- publication for comment of proposed amendments concerning "reverse mortgages” and ”high-rate, high-fee mortgages” (Docket R-0858). Approved, November 23, 1994. H.2 NOVEMBER 21, 1994 PAGE 2 TO NOVEMBER 25, 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 St. Louis Callaway Bank, Fulton, Missouri - * to establish -n automatic teller machine branch at 3325 County Road 211, Kingdon City, Missouri. Approved, November 22, 1994. Richmond First Virginia Bank, Falls Church, Virginia - - t o establish a branch at the southeast orner of the intersection of River Ridge Boulevard and Jefferson Davis Highway (Route 1), Woodbridge, Virginia. Approved, November 21, 1994. Richmond First Virginia Bank, Falls Church, Virginia -- to establish a branch at the southeast corner of the intersection of Prince William Parkway and Minnieville Road, Woodbridge, Virginia. Approved, November 21, 1994. Atlanta Intervest Bank, Clearwater, Florida - - t o establish a branch at 2175 Nursery Road and a branch at 600 Chestnut Street. Approved, November 24, 1994. BANK HOLDING COMPANIES St. Louis American Bancshares, Inc., Highland, Illinois -- to acquire American Bank of Illinois in Highland. Approved, November 23, 1994. Atlanta Colonial Bancgroup, Inc., Montgomery, Alabama - - t o acquire Brundidge Banking Company, Inc., Brundidge, Alabama. Approved, November 25, 1994. Dallas Falcon Bancshares, Inc, Laredo, Texas -- to acquire Falcon National Bank. Approved, November 23, 1994. Cleveland First Bancorporation of Ohio, Akron, Ohio -- to acquire The CIVISTA Corporation, Canton, Ohio. Approved, November 22, 1994. H.2 NOVEMBER 21, PAGE 3 1994 TO NOVEMBER 25, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary First Interstate Bancorp, Los Angeles, California -determination that an application is not required to acquire Park Forest National Bank, Dallas, Texas. Granted, November 23, 1994. Atlanta First Security Bankshares, Inc., Lavonia, Georgia -to acquire Braselton Banking Company, Braselton, Georgia. Approved, November 25, 1994. GC First Texas Bancorp, Inc., Georgetown, Texas -determination that the sale of certain real estate financed by FTB constitutes divestiture. Granted, November 23, 1994. S t . Louis HCB Bancorp, Palmyra, Indiana -- to acquire Harrison County Bank. Approved, November 23, 1994. Atlanta Hibernia Corporation, New Orleans, Louisiana - - t o merge with Pioneer Bancshares Corporation, Shreveport, Louisiana, and acquire Zachary Taylor Life Insurance Company. Approved, November 23, 1994. Chicago IBT Bancorp, Inc., M t . Pleasant, Michigan -- to engage de novo in securities brokerage services through IBT Financial Services, Inc. Permitted, November 22, 1994. GC Lonoke Bancshares, Inc., Lonoke, Arkansas -determination that sale of a real parcel by a nonbank subsidiary constitutes divestiture. Granted, November 22, 1994. St. Louis M & L Holding Company, Alton, Illinois - - t o acquire First Community Bank of Taney County, Branson, Missouri. Approved, November 25, 1994. H.2 NOVEMBER 2 1 , PAGE 4 1994 TO NOVEMBER 2 5 , 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Maple Park Bancshares, Inc., Maple Park, Illinois -to engage de novo in the servicing of mortgage loans. Permitted, November 22, 1994. Atlanta Merit Holding Corporation, Tucker, Georgia -- to acquire Charter Bank and Trust Co., Marietta, Georgia. Approved, November 22, 1994. Cleveland Mid Am, Inc., Bowling Green, Ohio -- to acquire Lucas County Credit Bureau, Inc., d.b.a. International Credit Service, Toledo, Ohio. Approved, November 23, 1994. Minneapolis Minnesota Valley Bancshares, Inc., Minnetonka, Minnesota -- to acquire Minnwest, Inc., Minnetonka, Minnesota. Approved, November 22, 1994. Minneapolis Norwest Corporation, Minneapolis, Minnesota, Norwest Financial Special Services, Inc., Des Moines, Iowa, and Norwest Financial, Inc. -- to engage de novo in consumer finance; sales finance; sale of bookkeeping, payroll, and other management financial reporting services and data processing services. Permitted, November 22, 1994. Kansas City Peoples Trust of 1987, Ottawa, Kansas - - t o acquire Johnson County Bank, Overland Park, Kansas. Approved, November 23, 1994. Chicago Pinnacle Banc Group, Inc., Oak Brook, Illinois -- to acquire Acorn Financial Corp., and Suburban Trust & Savings Bank, Oak Park, Illinois. Approved, November 23, 1994. Dallas Plains Bancorp, Inc., Dimmit, Texas -- to acquire Shadow Hills National Bank, Lubbock, Texas. Approved, November 23, 1994. H.2 NOVEMBER 21, PAGE 5 1994 TO NOVEMBER 25, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Plains Bancorp (Delaware), Wilmington, Delaware -- to acquire Shadow Hills National Bank, Lubbock, Texas. Approved, November 23, 1994. Richmond Premier Bankshares Corporation, Tazewell, Virginia -to acquire Dickenson-Buchanan Bank, Haysi, Virginia. Approved, November 23, 1994. Dallas Riverway Holdings, Inc., Houston, Texas - - t o acquire Riverway Holdings of Delaware, Inc., Wilmington, Delaware. Approved, November 23, 1994. Dallas Riverway Holdings of Delaware, Inc., Wilmington, Delaware -- to acquire Riverway Bank, Houston, Texas. Approved, November 23, 1994. San Francisco Salinas Valley Bancorp, Salinas, California -- to acquire Bank of Salinas. Approved, November 23, 1994. San Francisco Superior Holdings, Inc., Scottsdale, Arizona -- to acquire De Anza Holding Corporation, Sunnyvale, California, and to continue to engage in dealing in mortgage loans in Phoenix, Arizona. Returned, November 22, 1994. San Francisco Vallicorp Holdings, Inc., Fresno, California request for waiver of application to acquire Bank One, Fresno, California. Granted, November 25, 1994. Minneapolis West Concord Bancshares, Inc., West Concord, Minnesota - - t o engage de novo in lending activities. Permitted, November 25, 1994. H.2 NOVEMBER 21, PAGE 6 199a TO NOVEMBER 25, 199a ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Richmond Crestar Bank, Richmond, Virginia -- to merge with Jefferson Savings and Loan Association, F.A., Warrenton, Virginia, and to establish branches. Approved, November 23, 199a. Cleveland Integra Bank/North, Titusville, Pennsylvania - - t o acquire the Bradford, Pennsylvania, branch of Bucktail Bank and Trust Company, Emporium, Pennsylvania. Approved, November 23, 199a. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan - - t o merge with Old Kent Bank of Holland, Holland, Michigan, and to establish branches. Approved, November 21, 1999. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan - - t o merge with Old Kent Bank of Big Rapids, Big Rapids; Old Kent Bank of Cadillac, Cadillac; Old Kent Bank-Central, Owosso; Old Kent Bank-East, Brighton; Old Kent Bank of Gaylord, Gaylord; Old Kent Bank of Grand Haven; Old Kent Bank-Grand Traverse, Traverse City; Old Kent Bank of Hillsdale, Hillsdale Old Kent Bank of Ludina^on, Ludington; Gia Kent Bank of Petoskey, Petoskey* Old Kent Bank of St. Johns, St. Johns; Old Kent S a n k - Southeast, Trenton; and Old Kent Bank-Southwest Kalamazoo, Michigan, and to establish branches. Approved, November 21, 1999. H.2 NOVEMBER 21, PAGE 7 1994 TO NOVEMBER 25, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS. STATE MEMBER Secretary Banco Popular de Puerto Rico, San Juan, Puerto Rico - to acquire certain assets and assume certain liabilities of a branch of The Chase Manhattan Bank, N.A., New York, New York, at 918 Seneca Avenue, Ridgewood, New York. Approved, November 22, 1994. Minneapolis Farmers State Bank of Conrad, Conrad, Montana -payment of a dividend. Approved, November 23, 1994. Minneapolis Farmers State Bank of Cut Bank, Cut Bank, Montana -payment of a dividend. Approved, November 23, 1994. CAPITAL STOCK Chicago Bankers Trust Company, Des Moines, Iowa -- redemption of shares. Approved, November 23, 1994. Atlanta Meigs County Bancshares, Inc., Decatur, Tennessee redemption of shares. Approved, November 25, 1994. Minneapolis North Shore Financial Corporation, Duluth, Minnesota -- redemption of shares. Approved, November 22, 1994. CHANGE IN BANK CONTROL Philadelphia Guaranty Bancshares Corporation, Shamokin, Pennsylvania -- change in bank control. Permitted, November 25, 1994. St. Louis M & L Holding Company, Alton, Illinois -- change in bank control. Permitted, November 22, 1994. Chicago Mid-America National Bancorp, Inc., Chicago, Illinois -- change in bank control. Returned, November 21, 1994. H.2 NOVEMBER 21, PAGE 8 1994 TO NOVEMBER 25 , 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Allegiant Bank, St. Louis, Missouri, proposed merger with Allegiant State Bank, Kahoka, Missouri -report on competitive factors. Submitted, November 23, 1994. Chicago Baraboo Federal Bank, FSB, Baraboo, Wisconsin, proposed acquisition of the assets and assumption of the liabilities of First Business Bank of Madison, Madison, Wisconsin -- report on competitive factors. Submitted, November 21, 1994. Richmond Central Carolina Bank and Trust Company, Durham, North Carolina, proposed merger with CCB Interim Bank (successor to CCB Savings Bank of Lenior, Inc., SSB), Lenior, North Carolina -- report on competitive factors. Submitted, November 21, 1994. Cleveland Citizens Savings Bank of Canton, Canton, Ohio, proposed merger with The First National Bank in Massillon, Ohio -- report on competitive factors. Submitted, November 23, 1994. St. Louis Community First Bank, Germantown, Tennessee, proposed merger with First Tennessee Bank National Association, Memphis, Tennessee -- report on competitive factors. Submitted, November 23, 1994. Atlanta First Bank and Trust, Grove Hill, Alabama -- proposed acquisition of Centreville and Woodstock, Alabama, branches of The Peoples Bank, Elba, Alabama -report on competitive factors. Submitted, November 21, 1994. Chicago First National Bank of Fremont, Fremont, Indiana, proposed merger with Interim National Bank for Fremont -- report on competitive factors. Submitted, November 21, 1994. Atlanta First Union National Bank of Florida, Jacksonville, Florida, proposed acquisition of First Florida Savings Bank, F.S.B., Miami, Florida -- report on competitive factors. Submitted, November 21, 1994. H.2 NOVEMBER 21, PAGE 9 199-4 TO NOVEMBER 25, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia Jersey Shore State Bank, Jersey Shore, Pennsylvania, proposed merger with Lock Haven Savings Bank, Lock Haven, Pennsylvania -- report on competitive factors. Submitted, November 23, 1994. New York National Westminster Bank NJ, Jersey City, New Jersey, proposed merger with Central Jersey Bank and Trust Company, Freehold, New Jersey -- report on competitive factors. Submitted, November 23, 1994. Chicago Norwest Bank Indiana, National Association, Fort Wayne, Indiana, proposed merger with Norwest Bank LaPorte, LaPorte, Indiana -- report on competitive factors. Submitted, November 22, 1994. Cleveland Peoples Bank of Pennsylvania, Ford City, Pennsylvania, proposed merger with New Bethlehem Bank, New Bethlehem, Pennsylvania -- report on competitive factors. Submitted, November 22, 1994. Chicago Pinnacle Bank, Cicero, Illinois, proposed merger with Suburban Trust & Savings Bank, Oak Park, Illinois - report on competitive factors. Submitted, November 23, 1994. New York 124 Main Street National Bank, Delhi, New York, (interim bank), proposed acquisition of The Delaware National Bank of Delhi -- report on competitive factors. Submitted, November 22, 1994. H.2 NOVEMBER 21 , PAGE 10 1994 TO NOVEMBER 25 , 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Atlanta AmSouth Bancorporation, Birmingham, Alabama -extension to March 19, 1995, to merge with the Tampa Banking Company, Tampa, Florida, and acquire The Bank of Tampa. Granted, November 22, 1994. Dallas A.N.B. Holding Company, Ltd., Terrell, Texas -extension to March 1, 1995, to acquire American National Bank of Terrell. Granted, November 22, 1994. Kansas City Community Bancs of Oklahoma, Tulsa, Oklahoma -extension to February 9, 1995, to engage de novo in commercial credit, consumer finance, and mortgage lending. Granted, November 21, 1994. Director, BS&R Republic National Bank of New York, New York, New York -- extension to November 30, 1994, to close the New York branch of Republic Mase Bank Limited, London, England. Granted, November 22, 1994. San Francisco De Anza Bank, Sunnyvale, California -- to become a member of the Federal Reserve System. Returned, November 22, 1994. Chicago Iowa State Bank, Wapello, Iowa -- to become a member of the Federal Reserve System. Approved, November 22, 1994. MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of New York - - t o acquire equipment to implement the Bank Supervision Automation Project. Approved, November 25, 1994. H.2 NOVEMBER 21, PAGE 11 1994 TO NOVEMBER 25, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Chicago -- to implement certain check image services at the Des Moines office. Approved, November 23, 1994. Director, FRBO Federal Reserve Bank of St. Louis -- to implement a range of image-based commercial check products. Approved, November 23, 1994. H.2 NOVEMBER 2 1 , PAGE 12 ADDITIONS AND CORRECTIONS 1994 TO NOVEMBER 25, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS RESERVE BANK OPERATIONS Federal Reserve Banks -- award to Coopers & Lybrand of six year contract to perform annual financial audits. Approved, October 4, 1994. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Huntington Bank, Inc., Covington, Kentucky, proposed merger with First Federal Bank for Savings of Northern Kentucky -- report on competitive factors. Submitted, November 18, 1994. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment -Period. .Ending Patg Shawmut National Corporation, Newspaper Not Yet Established Hartford, Connecticut 3 (a)(1)/3(a)(3) application Federal Register Not Yet Established to acquire Shawmut Bank New York, N.A., Schenectady, New York* SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Bank of Boston Corporation, Boston, Massachusetts 4(c)(8) notification to engage in consumer finance activities through the acquisition of 100% of Ganis Capital Corporation, Newport Beach, California and, indirectly, 50% of Thor Credit Corporation, Newport Beach, California Federal Register Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION. .V...- A V AILABILITY.QF...CBA -B.UBLIC..EVALUATIONS institution Examination Pate Rating** NONE *Subject to CRA. **Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. "N" Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ Cedel, S.A., Grand-Duchesse Charlotte, Grand Duchy of Luxembourg, to establish a representative office in New York. 12/22/94 Credit Communal de Belgique S.A., Brussels, Belgium, to establish a branch in New York. N/A SECTION II Applications Subject to Both Newspaper and Federal Register Notice Bank of Great Neck, Great Neck, New York, to acquire certain assets and assume the deposits and certain other liabilities of the Great Neck branch of Bayside Federal Savings Bank, 12/19/94 3/ Jericho, New York. 1/ SECTION III Nonbanking Applications (subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public C o m m e n t _______ None. 1/ Subject to provisions of Community Reinvestment Act. 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 an 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 November 26. 1994 NAME OF BANK RATING EXAMINATION DATE N o ne. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA Section I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE First Fidelity Bancorporation, Lawrenceville, New Jersey to acquire 100% of the voting shares of First State Bank, Wilmington, Delaware, pursuant to Section 3(a)(3) of the Bank Holding Company Act. (The acquisition will be effected through a phantom merger of a wholly-owned interim bank subsidiary of Applicant with and into First State Bank.) In this connection, an application has also been filed with the FRB of New York by Banco Santander, S.A., Santander, Spain. Newspaper comment period expires: Federal Register comment period expires: 12/09/94 12/15/94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Keystone Financial. Inc.. Harrisburg, Pennsylvania to establish a non-bank subsidiary to be named Key Trust Company, which will engage in the trust activities of Keystone's subsidiary, Frankford Trust Company, Philadelphia, Pennsylvania, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(3) of Regulation Y. Applicant has filed under new interim rule procedures. Federal Register comment period expires: N/A Susquehanna Bancshares. Inc.. Lititz, Pennsylvania requests approval to acquire 100% of the voting shares of Atlanfed Bancorp, Inc, and its wholly owned subsidiary, Atlantic Federal Savings Bank, Baltimore, Maryland, pursuant to Section 4(c)(8) of Bank Holding Company Act and Section 225.25(b)(9) of Regulation Y. Federal Register comment period expires: N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Dauphin Deposit Corporation. Harrisburg, Pennsylvania, requests approval to make an additional capital investment in its Section 20 wholly-owned subsidiary, Hopper Soliday & Co., Inc., Lancaster, Pennsylvania. 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 November 25, 1994. 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• Heeds to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating None None None F e d e r a l R e se r v e B a n k of C l e v e l a n d P. 0. BOX 6387 CLEVELAND. OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending December 3,1994) SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY Received prior notice from Cortland Savings and Banking Company, Cortland, Ohio, on November 23, 1994, o f its intent to establish a branch facility at 6050 Youngstown Road, Niles, Ohio. * Not Yet Known # Received prior notice from Premier Bank & Trust, Elyria, Ohio, on December 2, 1994, o f its intent to establish branch facilities at 38475 Chestnut Ridge Road, Elyria, Ohio, and 15181 State Route 58, Oberlin, Ohio. * Not Yet Known # SECTION II - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(3) application from KeyCorp, Cleveland, Ohio, on November 23, 1994, to acquire OmniBancorp, Denver, Colorado. * F: December 27, 1994 Received Section 3(a)(1) application from Community First BancShares, Inc., Forest, Ohio, on November 30, 1994, to acquire Community First Bank, N.A., Forest, Ohio. *F: December 29, 1994 Received Section 3(a)(1) application from Heritage Bancorp, Inc., Burlington, Kentucky, on November 30, 1994, to acquire Heritage Bank, Inc., Burlington, Kentucky. *F: December 29, 1994 * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date o f Receipt F e d e r a l R ese r v e B a n k of C l e v e l a n d P. 0 . BOX 6387 CLEVELAND. OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending December 3,1994) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received notice from Cardinal Bancshares, Inc., Lexington, Kentucky, on November 28, 1994, o f its intent to engage in software development and marketing activities through its acquisition o f a 50 percent interest in an unnamed limited liability company pursuant to Section 4(c)(8) o f the Bank Holding Company Act. Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE* * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date o f Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (December 2, 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 December 2,1994. 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 lowand 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. NEEDS TO IMPROVE: 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 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 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. The Farmers & Savings Co. 211 West 2nd Street Pomeroy, Ohio 45769 (614) 992-2136 Rating: Outstanding Exam Date: September 12, 1994 The Custar State Bank P.O. Box 127 Custar, Ohio 43511 (419) 669-2801 Rating: Satisfactory Exam Date: September 19, 1994 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Chesapeake Bank, Kilmarnock, Virginia, to establish an Electronic Funds Transfer Facility approximately .2 mile west of the intersection of Routes 14 and 198, Matthews Courthouse, Virginia.'* 12-3-94 Centura Bank, Rocky Mount, North Carolina, to establish a branch at 925 Ridgefield Drive, Raleigh, North Carolina* 12-18-94 The Marathon Bank, Stephens City, Virginia, to establish a branch at 1041 Berryville Avenue, Winchester, Virginia.* 12-19-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Citizens Bancorporation of South Carolina, to acquire 14% of SNB Financial Corporation, Summerville, South Carolina.* 12-23-94 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 Riggs National Corporation, Washington, D. C., to engage in asset management activities through Riggs AP Bank, London, England. *Application is subject to CRA requirements. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending November 25, 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 Bank of Suffolk 625 East Washington Street Suffolk, Virginia 23434-4008 9-6-94 Satisfactory The Bank of Tidewater 1548 Laskin Road Virginia Beach, Virginia 9-6-94 Satisfactory 23451-6112 A p p lic a tio n s F e d e r a l R e s e rv e Bank o f A t l a n t a B u l l e t i n f o r Week E n d in g N o v e m b e r 25, 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Date Comment Period Ending Barnett Bank of Volusia County Not yet available* DeLand, Florida To establish a branch located at the Southeast Corner of Palm Coast Parkway and Belle Terre Parkway, Palm Coast, Florida, to be known as Belle Terre Office. City First Bank Tampa, Florida To establish a branch Tampa, Florida. 12-07-94* located at 8603 W. Hillsborough Avenue, Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Date Comment Period Ending Summerville/Trion Bancshares, Inc. 11-22-94* Trion, Georgia Federal Register To acquire 51 percent of Adairsville Bancshares, Inc., Adairsville, Georgia, and thereby indirectly acquire its subsidiary, Bank of Adairsville, Adairsville, Georgia. ISB Financial Corporation Not yet available* New Iberia, Louisiana 1-BHC formation, Iberia Savings Bank, New Iberia, Louisiana. *Subject to provisions of the Community Reinvestment Act. A p p lic a tio n s F e d e r a l R e s e rv e Bank o f A t l a n t a B u l l e t i n f o r W eek E n d in g N o v e m b e r 25, 1994 Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Barnett Banks, Inc. 11-17-94 Jacksonville, Florida To acquire EquiCredit Corporation, Jacksonville, Florida, pursuant to Section 4(c) (8) of the Bank Holding Company Act and thereby engage in the following activities: 1) the origination of consumer finance home equity loans secured by first or second mortgages, and unsecured consumer finance loans; 2) the servicing of consumer finance home equity loans secured by first or second mortgages, and unsecured consumer finance loans; 3) the securitization of consumer finance home equity loans via sale to the secondary market; 4) acting as principal, agent, or broker for insurance that is directly related to an extension of credit, and is limited to ensuring the repayment of an outstanding balance due (up to certain limits) on the extension of credit in the event of the death, disability, or involuntary unemployment of the debtor; 5) such other activities as are reasonably incidental to the abovedescribed activities. These activities are pursuant to Sections 225.25(b)(1)(i) and 225.25(b)(8)(ii) of the Board's Regulation Y. Lowndes Bancshares, Inc. 12-12-94 Valdosta, Georgia Through its subsidiary, Goldleaf Technologies, Inc., Hahira, Georgia, proposes to expand its data processing and transmission services to Panama, pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act and Section 225.25(b)(7) of Regulation Y. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Southeastern Banking Corporation Darien, Georgia Request for waiver of the application requirement of Section 3(a) (3) of the Bank Holding Company Act for the proposal to acquire Citizens Bank & Trust Company of Mount Vernon, Mount Vernon, Georgia. A p p lic a tio n s F e d e r a l R e s e rv e Bank o f A t l a n t a B u l l e t i n f o r Week E n d in g N o v e m b e r 25, 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: OutstancLinq record of meeting community credit needs : An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs : An institution has a satisfactory record of ascertaining and helping to meet thecredit 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 nonconrpliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank Rating Date First Western Bank 5854 South Flamingo Road Cooper City, Florida 33330 (305)434-7600 Satisfactory 08-15-94 Mobile County Bank Post Office Box 327 Grand Bay, Alabama 36541 (205)865-6191 Satisfactory 08-22-94 Citizens First Bank of Ocala Post Office Box 548 Ocala, Florida 34478 (904)732-2223 Satisfactory 08-22-94 F ed eral R eserve Bank of C h ic a g o Section I - Applications Subject to Newspaper Notice Only Comment Peric Ending Dare Type Application Branch First of America Bank-West Michigan Grand Rapids, Michigan 2000 32nd Street Grand Rapids, Michigan Merger/Branch Citizens Commercial & Savings Bank N - ** Flint, Michigan Bank One, Fenton, N.A. Fenton, Michigan Bank One, Ypsilanti, N.A. Ypsilanti, Michigan Bank One, East Lansing East Lansing, Michigan Bank One, Sturgis Sturgis, Michigan and to establish 20 branches Branch Wayne Bank & Trust Company Cambridge City, Indiana 2260 National Road West Richmond, Indiana N - 12-5-94 Membership NBD Bank Detroit, Michigan to become a member of the Federal Reserve System N - ** Membership Firstar Bank West, National Association Naperville, Illinois to become a member of the Federal Reserve System N - ** Membership Citizens Bank and Trust Company Belle Plaine, Iowa to become a member of the Federal Reserve System N N - 12-7-94 ★★ F ed eral R eserve Bank of C h ic a g o Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Dare Type Application CoC-HC WFC, Inc. Waukon, Iowa James E. Sweeney and Margo Sweeney FR N 11-8-34 ★★ CoC-HC State Center Financial, Inc. State Center, Iowa by Craig H. Haesemeyer FR N 10-17-94 12-7-94 CoC-HC Savanna Bancorp, Inc. Savanna, Illinois by Dr. Walter Nehrkorn FR N 11-17-94 11-21-94 Y-l Ogden Bancshares, Inc. Ogden, Iowa City State Bank Ogden, Iowa* FR N 11-11-94 10-28 -34 CoC-HC Mid-America National Bancorp, Chicago, Illinois Harold P. O ’Connell, Jr. FR N 10-31-94 ** Y-2 Greatbanc, Inc. FR Aurora, Illinois N Greatbank Algonquin, Illinois--tc reactivate a charter* 10-28-94 Y-2 Waupaca Bancorporation, Ir.c. Waupaca, Wisconsin NBC Bancshares, I n c . Pampa, Texas National Bank of Commerce Pampa, Texas* FR N 12-23-94 12-17-94 Y-2 Citizens Banking Corporation Flint, Michigan Bank One, Fenton, N.A. Fenton, Michigan Bank One, Ypsilanti, N.A. Yps 'ant i , Mi chigan Ban) One, East Lansing East. Lansing, Michigan Bank One, Sturgis Sturgis, Michigan FR N 12-5-94 ** i Inc. ** Federal Reserve Bank of Chicago S e c tio n I I - App l i c a t i o ns S u b je c t- r.o Bo^.h N e w s p a p e r =n d F ed eral Register Notice (Continued) Typs Application Y-2 Royal Bankshares, Inc. Elroy, Wisconsin Iowa-Grant Bankshares, Cobb, Wisconsin Cobb State Bank Cobb, Wisconsin* Comment Period Ending Date FR - 11-19-94 N - 11-7-94 Inc. Y-2 San Jose Banco, Inc. Fremont, Indiana First National Bank of Fremor.c Fremont, Indiana* FR - 11-19-94 N - 11-11-94 Y-2 Oak Bancorporation Oakland, Iowa Security Bancorp Stanton, Iowa Security State Bank Stanton, Iowa* FR - 11-21-94 N - 11-6-94 Y-l Rantoul Bancorp, Inc. Rantoul, Illinoi Bancorp of Rantoul, Inc. Rantoul, Illinois Bank of Rantoul Rantoul, Illinois* FR - 12-15-94 N - ** Y-2 Marshall & Ilsley Corporation FR Milwaukee, Wisconsin N Financial Services Corporation of the Midwest Rock Island, Illinois Rock Island Bank Rock Island, Illinois* -12-16-94 - ** Y-2 Firstar Corporation Milwaukee, Wisconsin First Moline Financial Corp. Moline, Illinois First Moline Moline, Illinois First Federal Savings Bank of Moline Moline, Illinois First Moline Real Estate Corp. Moline, Illinois FFM-CMO, Inc. Moline, Illinois* - 11-14-94 - ** FR N Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending DatP Type Application Y-2 Firstar Corporation of Iowa Des Moines, Iowa First Moline Financial Corp. Moline, Illinois First Moline Moline, Illinois First Federal Savings Bank of Moline Moline, Illinois First Moline Real Estate Corp. Moline, Illinois FFM-CMO, Inc. Moline, Illinois* FR - 11-14-94 KT - * ★ Y-1 Community Bancorp, Inc. Norwalk, Wisconsin Community State Bank Norwalk, Wisconsin* FR - 12-05-94 N? - 11-28-94 Y-l West Town Bancorp, Inc. Cicero, Illinois West Town Savings Bank Cicero, Illinois* FR - 12-19-94 NP - 12-9-94 Y-l First National Independent Bancorp, La Grange, Illinois F.N.B.C. of La Grange La Grange, Illinois First National Bank of La Grange La Grange, Illinois Mokena State Bank Mokena, Illinois Wesco Investment Corporation La Grange, Illinois West Chicago State Bank West Chicago, Illinois* Y-l Eiden Interest, Ltd. Gurnee, Illinois First Waukegan Corporation Glenview, Illinois Bank of Northern Illinois Glenview, Illinois Bank of Northern Illinois, N.A. Waukegan, Illinois* Inc. FR - 11-21-94 N - 11-15-94 FR - 11-25-94 NP - 11-26-94 F ed eral S e c tio n I I - R eserve Bank of C h ic a g o A p p l i c a t i o ns S u b je c t to B o th R e .a J .s te r N o t i c e (C o n tin u e d ) Newspa p e r Application end F ed eral Comment Period Ending Date Y-l Prairie Financial Corporation Bridgeview, Illinois Prairie Bank and Trust Company Bridgeview, Illinois* FR - 12-02-94 NP - 11-22-94 Y-2 Old Kent Financial Corporation Grand Rapids, Michigan First National Bank Corp. Mount Clemens, Michigan First National Bank in Macomb County Mount Clemens, Michigan* FR NP Y-l Phillips Investment Company Limited Partnership Spring Hill, Florida Gratiot Bancshares, Inc. Gratiot, Wisconsin Gratiot State Bank Gratiot, Wisconsin* Y-l Phillips Investment Limited Partnership Wapiti, Wyoming Gratiot Bancshares, Inc. Gratiot, Wisconsin Gratiot State Bank Gratiot, Wisconsin* FR - 12-15-94 NP - Y-2 Comerica California Incorporated San Jose, California University Bank & Trust Company Palo Alto, California* FR - ** NP - ** Y-2 Comerica Incorporated Detroit, Michigan University Bank & Trust Company Palo Alto, Califprnia* FR - ** NP - ** 12-08-94 ** 12-15-94 F ed eral R eserve Bank of C h ic a g o Section III - Applications Subject to Federal Register Notice Only Comment Period Ending DatP Type Application Y-4 Republic Bancorp, Inc. Owosso, Michigan Premier Partners Northridge, California FR - 11-25-94 Y-4 Bank of Montreal Toronto, Canada Burns Fry Holding Corporation Toronto, Canada FR - 12-12-94 Y-4 First of America Bank Corporation Kalamazoo, Michigan New England Trust Company Providence, Rhode Island FR - 11-28-94 4 (c)(8) Park Bancorporatior., Inc. Madison, Wisconsin Park Community Investment Corporation Madison, Wisconsin FR - 11-28-94 4 (c)(8) Associated Banc-Corp Green Bay, Wisconsin Associated Trust Company of Illinois, Chicago, Illinois FR - 12-9-94 Inc. 4(c) (8) Northern Bankshares, Inc. McFarland, Wisconsin intends to participate in overline loans by expanding its scope in the activity of making and servicing loans 4 (c)(8) D & D Bancshares, Inc. FR - 12-12-94 Mount Auburn, Iowa to buy participation loans from the subsidiary bank 4 (c) (8) West Town Bancorp, Inc. Cicero, Illinois to engage Novo in making & servicing of loans FR - 12-19-94 SMB-OT Old Kent Bank and Trust Company Grand Rapids, Michigan Hartger & Willard Mortgage Associates, Grand Rapids, Michigan FR - ** Inc. FR - 10-17-94 F ed eral R eserve Bank of C h ic a g o Section III - Applications Subject- to Federal Register Notice Cnly Continued T ypg Application Y-4 Firstar Corporation Milwaukee, Wisconsin First Colonial Investment Services* Rosemont, Illinios Y-4 Firstar Corporation of Illinois Milwaukee, Wisconsin First Colonial Investment Services, Rosemont, Illinois Comment Period Ending-Date FR - 12 8-94 Inc. FR - 12 8-94 Inc. F ed eral R eserve Bank Section IV - Applications Not Subject to Notice of C h ic a g o feral Register or Newsp Typg Application RoS First Waukegan Corporation Glenview, Illinois to purchase & redeem up to 313,794 shares 149.7% of its issued & outstanding common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis FOR THE WEEK ENDING November 25, 1994 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period ♦Section 3(a)(1) application by LCS Bancorp, Inc., Litchfield, Illinois, to acquire Litchfield Community Savings, S.B., Litchfield, Illinois (previously filed on 10/13/94 and withdrawn on 11/9/94). Newspaper: 11/18/94 ♦Section 3(a)(5) application by Meredosia Bancorporation, Inc., Springfield, Illinois, to merge with Illiopolis Bancorporation, Inc., Springfield, Illinois. Newspaper: 12/17/94 ♦Section 3(a)(3) application by Mercantile Bancorporation Inc., St. Louis, Missouri, to acquire Central Mortgage Bancshares, Inc., Kansas City, Missouri. Newspaper: 12/23/94 ♦Section 3(a)(3) application by Wes-Tenn Bancorp, Inc., Covington, Tennessee to acquire West Tennessee Financial Corporation, Selmer, Tennessee 12/23/94 Newspaper: 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 OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f 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 c o m m u n i t y c r e d i t 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 of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with itsresources and capabilities. S a t i s f a c t o r y r e c o r d o f m e e t i n g c o m m u n i t y c r e d i t n e e d s An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. N e e d 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 c o m m u n i t y c r e d i t n e e d s 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. 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 c o m m u n i t y c r e d i t n e e d s 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 November 25, 1994 Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date A p p lic a tio n Security Bank & Trust Co., Webster, SD, to establish an ATM at highway junction 12 and 25 December 7, 1994 FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Southeastern BancGroup, Inc., Harmony, MN, to acquire the Granger State Bank, Granger, MN* December 27, 1994 (Federal Register) First Bank System, Inc., Minneapolis, MN, to acquire First Bank Minneapolis South, N . A . , Minneapolis, MN* December 22, 1994 (Newspaper) First Bank System, Inc., Minneapolis, MN, to acquire First Bank Grand Rapids, N.A., Grand Rapids, MN* December 23, 1994 (Newspaper) First Bank System, Inc., Minneapolis, MN, to acquire First Bank Fergus Falls, N.A. , Fergus Falls, MN* December 25, 1994 (Newspaper) First Bank System, Inc., Minneapolis, MN, to acquire First Bank Maple Grove, N .A., Maple Grove, MN* December 22, 1994 (Newspaper) FEDERAL JJSERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice A p p lic a tio n Comment Period Endinp Date (C o n tin u e d ') First Bank System, Inc., Minneapolis, MN, to acquire First Bank St. Cloud, N.A., St. Cloud, MN* December 28, 1994 (Newspaper) ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application BNCCORP, INC, Bismarck, ND, to acquire 1001 of JMS System, Inc., Bismarck, ND, and thereby engage in data processing and management consulting activities Not yet available Norwest Coration, Minneapolis, MN, to engage de novo in providing investment or financial advice December 5, 1994 Norwest Corporation, Minneapolis, MN, to acquire the Mortgage Origination Business of Bank of Montana System, Great Falls, MT Not yet available First Bank System, Inc., Minneapolis, M N , to acquire We -tern Insurance Agency, Sioux Falxs, SD, a divir n of Western Bank, Sioux Falls, SL December 15, 1994 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notl Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending November 25, 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 C ity 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 Commerce Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 100 percent of the voting shares of Cotton Exchange Bancshares, Inc., Kennett, Missouri, and thereby indirectly acquire Cotton Exchange Bank, Kennett, Missouri.* Not Available John W. and Margaret Coots, Trust; John W. Coots, Jr., and Margaret Ann Palmer, Co-Trustees; Vanetta Ruth Renz Trust; Vanetta R. Renz and Jimmy C. Renz, Co-Trustees, all of Platte City, Missouri, to increase their ownership to 36.2 percent and 27.15 percent, respectively, of the voting shares of Wells Bancshares, Inc., Platte City, Missouri. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE one. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. Federal Reserve Bank of Kansas C ity 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/Location Exam Date CRA Public Date The Bank of Belen P.0. Box 105 Belen, New Mexico 08-15-94 11-17-94 87002 ♦Application is subject to CRA. CRA Rating Satisfactory FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF NOVEMBER 21, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONL APPLICATION NOTICE EXP ♦Bank Holding Company Formation Notification by Mesquite Financial Services, Inc., Alice, TX, to acquire Mesquite Financial Services Delaware, Wilmington, DE, and The Bank of Alice, Alice, TX N/A ♦Bank Holding Company Formation Notification by Mesquite Financial Services Delaware, Inc., Wilmington, DE, to acquire The Bank of Alice, Alice, TX N/A SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Community Bancshares, Inc., Katy, TX, to acquire Community Bancshares of Delaware, Inc., Wilmington, DE, and Community Bank, Katy, TX (Previously reported during the week of 10-31-94) ♦Section 3(a)(1) application by Community Bancshares of Delaware, Inc., Wilmington, DE, to acquire Community Bank, Katy, TX (Previously reported during the week of 10-31-94) Change in Control Notice by Citizens National Bank Employee Stock Ownership Plan, Crockett, TX, to acquire an interest in Citizens Bancorp, Inc., Crockett, TX 94/11/27 94/11/27 N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by A.N.B. Holding Company, Ltd., Terrell, TX, to engage in the activity of making, acquiring, or servicing loans directly for itself or for others. (Loans will be made directly by the holding company.) 94/12/15 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 21. 1994 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 11/25/94 Section I - Applications Sub.iect to Newspaper Notice Only Application Comment Period Ending Date First Utah Bank, Salt Lake City, Utah, to establish a branch office at 7070 South State Street, Salt Lake City, Utah. * Newspaper: 12/17/94 University Bank & Trust Company, Palo Alto, California, to establish a branch office at 275 Third Street, Los Altos, California. * Newspaper: 12/09/94 Commercial Bancorp, Salem, Oregon, to merge with West Coast Bancorp, Newport, Oregon. Newspaper: Not available Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Ronald Gabriel and the Gabriel Family Trust, Montebello, California, to increase ownership of up to 80 percent to Garfield Bank, Montebello, California. * Newspaper: Not available Fed. Rea.: 12/19/94 Whitman Heffernan & Rhein, et. al., Bronxville, New York, to acquire up to 24.9 percent of SDNB Financial Corp., San Diego, California. * Newspaper: Not available Fed. Rea.: 12/13/94 Commerical Bancorp, Salem, Oregon, and West Coast Bancorp, Newport, Oregon, to acquire approximately 19.9 percent of each other's voting shares. Newspaper: Not available Fed. Rea.: Not available Section III - Applications Sub.iect to Federal Register Notice Only None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week Ending 11/25/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending November 25, 1994. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None ♦Under the rating system an institution's CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities Substantial noncomol1ance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
@FedFRASER