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ANNOUNCEMENT

H .2,

1991,

NO. 4 8

RESEARCH L!3RA8fcions o f t h e B o a r d , i t s S t a f f , and

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM O C II
e

th e F e d e r a l R e se rv e B an k s;
A p p l i c a t i o n s and R e p o r t s R e c e i v e d
t h e Week E n d in g N ovem ber 3 0 , 1 9 9 1

ACTIONS TAKEN BY THE BOa S D'IJ
k
Jf

BANK HOLDING

companies

Chemical Banking Corporation* New York* New York —
to acquire Manufacturers Hanover Corporation.
Approved* November 27* 1991.
NCNB Corporation* Charlotte* North Carolina — to
acquire C&S Sovran Corporation* Atlanta* Georgia*
and Norfolk* Virginia.
Approved* November 26* 1991.
ENFORCEMENT
Farmers Bancorp* Inc.* Blytheville* Arkansas* and
Farmers Bank and Trust Company — cease and desist
orders.
Authorized* November 26* 1991.
RHNB Corporation* Rock Hill* South Carolina —
written agreement dated November 19* 1991* with the
Federal Reserve Bank of Richmond.
Announced* November 27* 1991.
Westport Bancorp* Inc.* Westport* Connecticut —
written agreement dated November 19* 1991* with the
Federal Reserve Bank of New York and the Banking
Commissioner State of Connecticut* Hartford*
Connecticut.
Announced* November 27* 1991.

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
Atlanta

Commercial State Bank of Orlando* Orlando* Florida —
to establish a branch at 6300 South Highway 17-92*
Casselberry* Florida* to be known as the South
Seminole office.
Approved* November 26* 1991.

Cleveland

Fifth Third Bank* Cincinnati* Ohio — to establish a
branch at Columbia Parkway and Wooster Pike.
Approved* November 25* 1991.




H.2
NOVEMBER 25, 1991
PAGE 2

TO NOVEMBER 29, 1991

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

BANK BRANCHES, DOMESTIC
Richmond

Signet Bank / Virginia, Richmond, Virginia — to
establish an Electronic Funds Transfer Facility at
1400 Best Plaza, Richmond, Virginia.
Approved, November 26, 1991.

BANK HOLDING COMPANIES




Kansas City

AmFirst Financial Services, Inc., McCook, Nebraska —
to acquire State Bancshares, Inc., Benkelman,
Nebraska.
Approved, November 26, 1991.

New York

Banco de Santander, S.A. de Credito, Santander, Spain
— to acquire Santander National Bank, Bayamon,
Puerto Rico.
Approved, November 27, 1991.

Boston

Century Bancorp Inc., Medford, Massachusetts — to
engage de novo in securities brokerage services and
non-fee investment advisory activities through
Century Financial Services, Inc.
Withdrawn, November 29, 1991.

New York

Chase Manhattan Corporation, New York, New York —
proposal that Chase Home Mortgage Corporation,
Tampa, Florida, acquire certain mortgage servicing
rights from Florida Federal Savings Bank, S t .
Petersburg, Florida.
Approved, November 27, 1991.

Philadelphia

Citizens Financial Services, Inc., Mansfield,
Pennsylvania — exception to prohibition on
conversion transactions in connection with proposal
to transfer all assets and liabilities of Star
Savings and Loan Association, Sayre, Pennsylvania,
to First Citizens National Bank, Mansfield,
Pennsylvania.
Approved, November 29, 1991.

San Francisco

Cowlitz Bancorporation, Longview, Washington —
acquire Cowlitz Bank.
Approved, November 25, 1991.

to

H.2
NOVEMBER 25, 1991
PAGE 3

TO NOVEMBER 29, 1991

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

BANK HOLDING COMPANIES




Dallas

Farmersville Bancshares, Inc., Farmersville, Texas —
to acquire First Bank, McKinney, Texas.
Approved, November 27, 1991.

Cleveland

Fifth Third Bancorp, Cincinnati, Ohio — to acquire
Pinnacle Bancorp, Inc., Middletown, Ohio.
Approved, November 26, 1991.

Chicago

First Beardstown Bancorp, Inc., Beardstown,
Illinois — to acquire First State Bank of
Beardstown, Illinois.
Approved, November 27, 1991.

Chicago

First Citizens Financial Corp., Charles City, Iowa —
to acquire Alta Vista Bancshares, Inc.> Alta Vista,
Iowa, and Alta Vista State Bank.
Approved, November 27, 1991.

Kansas City

First Community Bancshares, Inc., Fort Morgan,
Colorado — to acquire The First of Burlington
Agency, Inc., and engage in the sale of general
insurance.
Approved, November 27, 1991.

Chicago

Heartland Financial USA, Inc., Dubuque, Iowa — to
acquire Galena Bancorp, Inc., Galena, Illinois, and
Galena State Bank and Trust Company.
Approved, November 27, 1991.

Minneapolis

Henning Bancshares, Inc., Henning, Minnesota — to
acquire Battle Lake Bancshares, Inc., Battle Lake,
Minnesota.
Approved, November 29, 1991.

Kansas City

Lindoe, Inc., Ordway, Colorado — to acquire The
Gunnison Bank and Trust Company, Gunnison,
Colorado.
Approved, November 27, 1991.

H.2
NOVEMBER 25, 1991
PAGE 4

TO

NOVEMBER 29, 1991

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

BANK HOLDING COMPANIES




Chicago

Marine Corporation, Springfield, Illinois, and Marine
Bank of Springfield — to purchase certain assets
and assume the deposit liabilities of the
Taylorville, Illinois, branch of Champion Federal
Savings and Loan Association.
Approved, November 29, 1991.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota — to
engage in general insurance agency activities
through MIG Insurance Brokers, Inc., and to acquire
R.K. Petersen Insurance Agency, Inc., and Cathcart
& Maxfield, Inc., Edina, Minnesota.
Approved, November 27, 1991.

New York

Saastopankkien Keskus - Osake - Pankki, Helsinki,
Finland — to engage in lending activities through
Union Mortgage Company, Inc., Dallas, Texas.
Withdrawn, November 29, 1991.

Chicago

Stichting Prioriteit ABN AMRO Holding, Amsterdam, The
Netherlands, Stichting Administratiekantoor ABN
AMRO Holding; ABN AMRO Holding, N.V., ABN AMRO
Bank, N.V., and ABN AMRO North America, Inc.,
Chicago, Illinois — to engage in underwriting and
dealing in debt and equity securities through ABN
AMRO Securities, Inc., New York, New York.
Returned, November 25, 1991.

Atlanta

Union Bancshares, Inc., Blairsville, Georgia — to
merge with Fannin Bancshares, Inc., Blue Ridge,
Georgia, and Peoples Bank of Fannin County.
Approved, November 27, 1991.

Kansas City

Union Savings Bancshares, Inc., Sedalia, Missouri —
to acquire Sedalia Computer Services, Inc., and
engage in data processing.
Approved, November 27, 1991.

H. 2
NOVEMBER 25, 1991
PAGE 5

TO NOVEMBER 29, 1991

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




S t . Louis

Citizens Fidelity Bank and Trust Company, Louisville,
Kentucky, to merge with Citizens Fidelity Bank and
Trust Company, Lexington, Kentucky, and to
establish branches.
Approved, November 29, 1991.

Philadelphia

Commonwealth Bank, Williamsport, Pennsylvania — to
merge with County Bank, Montrose; First Bank of
Troy, Troy; Liberty State Bank, Mount Carmel; and
First Bank of Greater Pittston, Pittston,
Pennsylvania.
Approved, November 29, 1991.

Cleveland

Fifth Third Bank, Cincinnati, Ohio — to acquire
MidFed Savings Bank, Middletown, Ohio, and
establish branches at 180 City Centre Mall; 915
Elliott Drive; 621 North University; 715 West State
Street, Trenton; 3458 Towne Boulevard, Franklin;
and 260 West Central, Springboro, Ohio.
Approved, November 26, 1991.

Cleveland

Fifth Third Bank, Cincinnati, Ohio — to acquire
certain assets and assume certain liabilities of
Chase Bank of Ohio, Columbus, Ohio.
Approved, November 29, 1991.

Cleveland

Fifth Third Bank of Columbus, Columbus, Ohio —
acquire certain assets and assume certain
liabilities of Chase Bank of Ohio.
Approved, November 29, 1991.

Secretary

Manufacturers and Traders Trust Company, Buffalo, New
York — to merge with The First National Bank of
Highland, Newburgh, New York, and to establish
branches.
Approved, November 27, 1991.

to

H.2
NOVEMBER 25, 1991
PAGE 6

TO NOVEMBER 29, 1991

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

Farmers and Miners Bank, Pennington Gap, Virginia —
investment in bank premises.
Approved, November 27, 1991.

Chicago

First Illini Bank, Galesburg, Illinois —
in bank premises.
Approved, November 29, 1991.

Kansas City

Friendly Bank of Oklahoma City, Oklahoma City,
Oklahoma — investment in bank premises.
Approved, November 26, 1991.

Cleveland

Ohio Citizens Bank, Toledo, Ohio —
bank premises.
Approved, November 26, 1991.

investment

investment in

CAPITAL STOCK
Atlanta

Smoky Mountain Bancorp, Inc., Gatlinburg, Tennessee
- redemption of shares.
Approved, November 27, 1991.

CHANGE IN BANK CONTROL




Cleveland

Equimark Corporation, Pittsburgh, Pennsylvania —
change in bank control.
Permitted, November 26, 1991.

Dallas

Executive Bancshares, Inc., Paris, Texas —
bank control.
Permitted, November 27, 1991.

Chicago

Findlay Bancshares, Inc., Findlay, Illinois —
in bank control.
Returned, November 27, 1991.

change in

change

H.2
NOVEMBER 25, 1991
PAGE 7

TO

NOVEMBER 29, 1991

ACTIONS TAKEN BY THE STAFF AN THE FEDERAL RESERVE BANKS
D
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS




Atlanta

Barnett Banks, Inc., Jacksonville, Florida, proposed
acquisition of Barnett Bank of Broward County,
N.A., Fort Lauderdale, Florida — report on
competitive factors.
Submitted, November 26, 1991.

Atlanta

Citizens National Bank, Sevierville, Tennessee,
proposed acquisition of the deposits and certain
assets of the branch of First American National
Bank, Nashville, Tennessee, located in Seymour,
Blount County, Tennessee — report on competitive
factors.
Submitted, November 25, 1991.

Dallas

Express Bank, Danbury, Texas, proposed merger with
Texas Gulf Bank, N.A. (Alvin branch), Freeport,
Texas — report on competitive factors;
Submitted, November 26, 1991.

Kansas City

First Enterprise Bank, Oklahoma City, Oklahoma,
proposed merger with Grant Square Bank and Trust
Company — report on competitive factors.
Submitted, November 26, 1991.

Atlanta

First National Bancorp, Gainesville, Georgia —
proposed acquisition of First National Bancshares
of Paulding County, Inc., Dallas, Georgia, and
First National Bank of Paulding County — report on
competitive factors.
Submitted, November 27, 1991.

Kansas City

First National Bank of Kingman, Kingman, Kansas,
proposed acquisition of the assets and assumption
of the liabilities of Kingman Savings and Loan
Association — report on competitive factors.
Submitted, November 27, 1991.

Kansas City

First State Bank, Kimball, Nebraska, proposed
acquisition of the assets and assumption of the
liabilities of First National Bank, Elm Creek,
Nebraska — report on competitive factors.
Submitted, November 27, 1991.

H.2
NOVEMBER 25, 1991
PAGE 8

TO NOVEMBER 29, 1991

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

COMPETITIVE FACTORS REPORTS




San Francisco

First Western Bank, FSB, Las Vegas, Nevada, proposed
merger with First Western Savings Association of
Wenatchee, Wenatchee, Washington — report on
competitive factors.
Submitted, November 26, 1991.

San Francisco

Gateway Western Bank, Beaumont, California, proposed
merger with North County Bank, Escondido,
California — report on competitive factors.
Submitted, November 26, 1991.

Dallas

Guaranty Federal Savings Bank, Dallas, Texas,
proposed merger with Kilgore Federal Savings and
Loan Association — report on competitive factors.
Submitted, November 26, 1991.

New York

Independence Community Bank Corporation, Brooklyn,
New York, proposed acquisition of Long Island City
Financial Corporation, Long Island City, New York,
and Long Island City Savings and Loan Association - report on competitive factors.
Submitted, November 27, 1991 .

Chicago

Oak Lawn Trust & Savings Bank, Oak Lawn, Illinois,
proposed merger with FEC Bank, Evergreen Park,
Illinois — report on competitive factors.
Submitted, November 26, 1991.

Atlanta

PBA Financial Corporation, Mobile, Alabama, proposed
acquisition of Peoples Bancshares, Inc., Elba,
Alabama and The Peoples Bank — report on
compet it ive factors.
Submitted, November 25, 1991.

Atlanta

Phenix - Girard Bancshares, Inc., Phenix City,
Alabama, proposed acquisition of Phenix - Girard
Bank — report on competitive factors.
Submitted, November 26, 1991.

Atlanta

Pike County Bank, Troy, Alabama, proposed merger with
Pike County Federal Savings Bank — report on
compet it ive factors.
Submitted, November 25, 1991.

H.2
NOVEMBER 25, 1991
PAGE 9

TO

NOVEMBER 29, 1991

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

COMPETITIVE FACTORS REPORTS




Chicago

Royal Bank - Elroy, Elroy, Wisconsin, proposed merger
with Royal Bank - Lone Rock, Lone Rock, Wisconsin - report on competitive factors.
Submitted, November 26, 1991.

Richmond

Southern Financial Federal Savings Bank, Warrenton,
Virginia, proposed acquisition of the Leesburg and
Warrenton branches of Ameribanc Savings Bank, FSB,
Annandale, Virginia — report on competitive
factors.
Submitted, November 26, 1991.

Atlanta

Tennessee Bancorp, Inc., Columbia, Tennessee,
proposed acquisition of Tennessee National Bank —
report on competitive factors.
Submitted, November 25, 1991.

S t . Louis

Union Planters National Bank, Memphis, Tennessee,
proposed acquisition of Fidelity Federal Bank, A
Federal Savings Bank, Nashville, Tennessee —
report on competitive factors.
Submitted, November 26, 1991.

Richmond

Wood County Bank, Parkersburg, West Virginia,
proposed acquisition of certain assets and
assumption of certain liabilities of Commerce Bank,
Charleston, N.A., Charleston, West Virginia —
report on competitive factors.
Submitted, November 29, 1991.

San Francisco

World Savings and Loan Association, Oakland,
California, proposed acquisition of World Savings
and Loan Association of America, FSLA, Lynwood,
Washington — report on competitive factors.
Submitted, November 25, 1991.

H.2
NOVEMBER 25, 1991
PAGE 10

TO

NOVEMBER 29, 1991

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

EXTENSIONS OF TIME




Richmond

DNB Financial Corporation, Mullins, South Carolina —
extension to March 4, 1992, to acquire Davis
National Bank,
Granted, November 25, 1991 .

Chicago

Eastern Iowa Bancshares, Ltd., Onslow, Iowa —
extension to February 11, 1992, to acquire Midland
Insurance Agency, and engage in general insurance
agency activities.
Granted, November 27, 1991.

San Francisco

First Interstate Bancorp, Los Angeles, California —
extensions to divest certain properties.
Granted, November 27, 1991.

San Francisco

First Security Corporation, Salt Lake City, Utah —
extension to February 29, 1992, to acquire shares
of BHC Holding, Inc., Philadelphia, Pennsylvania.
Granted, November 27, 1991.

Philadelphia

Fulton Financial Corporation, Lancaster, Pennsylvania
— extension to March 18, 1992, to convert Great
Valley Savings Association to a Pennsylvania
chartered stock savings bank.
Granted, November 29, 1991.

Atlanta

PeopleTs Bank of Brevard, Inc., Cocoa, Florida —
extension to February 27, 1992, to acquire PeopleTs
Bank of Brevard, Cocoa, Florida.
Granted, November 27, 1991.

Atlanta

Peoples Bancholding Company, Inc., Moulton, Alabama - extension to February 28, 1992, to acquire
Peoples Bank of Lawrence County.
Granted, November 27, 1991.

San Francisco

Timberline Bancshares, Inc., Yreka, California —
extension to March 1, 1992, to acquire Timberline
Community Bank.
Granted, November 25, 1991.

H .2
NOVEMBER 25, 1991
PAGE 11

TO

NOVEMBER 29, 1991

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

MEMBERSHIP




Richmond

Bank of Essex, Tappahannock, Virginia —
member of the Federal Reserve System.
Approved, November 29, 1991 .

Kansas City

Security Bank of Colorado, Aurora, Colorado — to
become a member of the Federal Reserve System.
Approved, November 27, 1991.

to become a

H.2
NOVEMBER 25, 1991
PAGE 12

ADDITIONS AND CORRECTIONS
TO

NOVEMBER 29, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Regulation H — requirement that state member banks
obtain Board approval in commodity swaps and other
commodity - linked transactions (Docket R-0742).
Approved, October 23, 1991.

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

BANK HOLDING COMPANIES




Atlanta

Consorcio Inversionista Banacaracas, Caracas,
Venezuela, and Banco Caracas, S.A.C.A., and N.V.
and Seguros Avila, C.A. — to acquire Eagle
National Bank of Miami, Miami, Florida-.
Withdrawn, November 18, 1991.

Cleveland

FNH Corporation, Hermanie, Pennsylvania — proposal
that First Interim Federal Savings Bank of
Hermanie, acquire certain assets and assume certain
liabilities of Atlantic Financial Savings, F.A,
Bala Cynwyd, Pennsylvania.
Approved, November 15, 1991.

Cleveland

Integra Financial Corporation, Pittsburgh,
Pennsylvania — to acquire ten offices of Integra
Interim Federal Savings Bank, which was formed to
acquire certain assets and assume certain
liabilities of Atlantic Financial Savings, F.A.,
Bala Cynwyd, Pennsylvania.
Approved, November 15, 1991.

Atlanta

Lanier Bankshares Inc., Gainesville, Georgia — to
retain Lanier Data Corporation, and continue to
engage in data processing activities.
Returned, November 19, 1991.

Atlanta

Mansura Bancshares, Inc., Mansura, Louisiana — to
merge with Cottonport Bancshares, Inc., Cottonport,
Louisiana, and Cen-La Bancshares, Inc., Marksville,
Louisiana, and acquire their subsidiary banks.
Returned, November 18, 1991.

H.2
NOVEMBER 25, 1991
PAGE 13

ADDITIONS AND CORRECTIONS
TO

NOVEMBER 29, 1991

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

BANK HOLDING COMPANIES
Atlanta

Southland Bancorporation, Clayton, Alabama — to
engage de novo in buying and selling residential
mortgage loans through Mortgage Company, Dothan,
Alabama.
Returned, November 21, 1991.

Cleveland

Southwest National Corp., Greensburg, Pennsylvania —
to acquire South Savings Bank F.A., an interim
savings bank, which was formed to acquire certain
assets and assume certain liabilities of Atlantic
Financial Savings, F.A., Bala Cynwyd, Pennsylvania.
Approved, November 15, 1991.

Cleveland

S & T Bancorp, Inc., Indiana, Pennsylvania — to
acquire three offices of S&T Interim Bank of
Indiana, an interim savings bank, which was formed
to acquire certain assets and assume certain
liabilities of Atlantic Financial Savings, F.A.,
Bala Cynwyd, Pennsylvania.
Approved, November 15, 1991.

Atlanta

Summit Bank Corporation, Atlanta, Georgia — to
acquire Summit Interim, FSB, Atlanta, Georgia.
Returned, November 20, 1991.

CAPITAL STOCK
Chicago

Valley Bancshares, Inc., Mapleton, Iowa —
of shares.
Approved, November 6, 1991.

redemption

COMPETITIVE FACTORS REPORTS




Atlanta

First Commercial Bancshares, Inc., Jasper, Alabama,
proposed acquisition of Canterbury Trust Company,
Inc., Birmingham, Alabama, report on competitive
factors.
Submitted, November 18, 1991.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

S E CTION I - A P P L I C A T I O N S SUBJECT TO
N E W S P A P E R N O T I C E ONLY
Co m m e n t P e r i o d E n d i n g Dat e

Application
NONE

S ECTION II ~ A P P L I C A T I O N S SUBJECT TO B OTH
N E W S P A P E R AND F E DERAL R E G I S T E R N O T I C E
Application

Comment P e riod Endi n g Date
NONE

SE C T I O N III - A P P L I C A T I O N S SUBJECT TO
FE D E R A L R E G I S T E R N O T I C E ONLY
Application

C o mment P e r i o d E n d i n g Date
N ONE

SECTION IV ~ A P P L I C A T I O N S NOT SUBJECT TO
F E D E R A L R E G I S T E R OR N E W S P A P E R NO T I C E
Application
NONE

S ECTION V - A V A I L A B I L I T Y OF CRA PUBL I C E V A L U ATIONS

I nstitution




E x a m i n a t i o n Date
NONE

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
_______ Notice Only_______
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Notices with respect to the shares of Inter Community Bancorp,
Springfield, New Jersey by (1) Mr. Nazario Paragano to increase
his holdings to 34.58 percent; (2) Messrs. Jerome N. Waldor,
Casper Bocina, Patrick J. Lynch, and Bruce E. Goldman to
increase their aggregate holdings to 20.35 percent; and (3)
Messrs. Frank P. Farinella, Jr., Seymour Lehrhoff, C. Thomas
Thomas, Robert S. Bohrer, and Mark S. Fogt to hold an aggregate
25.71 percent of the shares.
N/A
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Onlvl
Societe Generale, Paris, France to acquire a limited
partnership interest in The Lodestar Group International L.P.,
New York, New York and thereby to engage indirectly in
certain financial advisory activities, private placement and
riskless principal activities with respect to all types of
securities, and feasibility study and valuation services.

12/13/91

U.S. Trust Corporation, New York, New York to acquire 100
percent of the voting shares of Delafield, Harvey, Tabell,
Inc., Princeton, New Jersey and thereby to engage in invest­
ment advisory, securities brokerage, full-service brokerage
and riskless principal activities.

N/A

SECTION IV
Applications Not Involving
Public Comment
None.




SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution’s
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Week Ending November 30. 1991
NAME 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




EXAMINATION DATE

FEDERAL RE S E R V E BANK OF PHILADELPHIA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
None.

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

1/ Subject to provisions of Community Reinvestment Act
* N/A - not yet available.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
For week ending 11/22/91
The four-tiered system of assessment is as follows:
Outstanding
Satisfactory
Needs to Improve
Substantial Noncompliance
Institution




Examination Date
None.

Performance
Evaluation Assessment

Applications Bulletin
For Week Ending November 30/ 1991

S E C T I O N I - A P P L I C A T I O N S S UBJECT TO N E W S P A P E R
N O T I C E ONL Y
Rece i v e d a p p l i c a t i o n on N o v e m b e r 25, 1991,
from The Dollar Savings and Trust Company,
Youngstown, Ohio, to e s t a b l i s h a b r a n c h at
Park Vis t a N u r s i n g Home, 1216 Fifth Avenue,
Y o u n g s t o w n , Ohio

* D e c e m b e r 26, 1991

Rece i v e d a p p l i c a t i o n on Nov e m b e r 25, 1991,
* D e c e m b e r 23, 1991
from The Fifth Thi r d Bank, Cincinnati, Ohio,
to estab l i s h CBCT b ranches at: 2000 East
Drive, Milford, Ohio; 420 Wells Mi l l s Road,
Oxford, Ohio; 4798 Ridge Road, Brooklyn
Heights, Ohio; 1 W e s t Corry Street, Corryville,
Ohio; Fenn Tower, C l e v e l a n d State University,
Cleveland, Ohio; and 11320 Chester Road,
Sharonville, Ohio.
R eceived a p p l i c a t i o n on Nove m b e r 25, 1991,
from The P r o v ident Bank of Boone County,
Bellevue, Kentucky, to become a m e m b e r of
the Federal Re s e r v e System.

Not Yet K n o w n #

Rec e i v e d a p p l i c a t i o n on Nove m b e r 25, 1991,
from The P r o v i d e n t Bank of K e nton County,
Covington, Kentucky, to become a m e m b e r of
the Federal R e s e r v e System.

Not Yet K n o w n #

Rec e i v e d a p p l i c a t i o n on Nov e m b e r 26, 1991,
from Fifth T h i r d Bank of Columbus, Columbus,
Ohio, to estab l i s h CBCT branches at: 7320
Doldano Drive, Columbus, Ohio; 5855 Chantry
Drive, Columbus, Ohio; 6000 Sawmill Road,
Dublin, Ohio; and 1350 Nor t h High Street,
Columbus, Ohio.

*
N
F
#

-

* D e c e m b e r 23, 1991

Subject to CRA
N e w s p a p e r C o mment Period
Federal R e g i s t e r Comment Period
Expe c t e d to end a p p r o x i m a t e l y 30 days from the
date of r e c e i p t of the application.




Applications Bulletin
For Week Ending November 30, 1991

SE C T I O N II - A P P L I C A T I O N S SUBJECT TO B O T H
N E W S P A P E R A N D F E DERAL R E G I S T E R NO T I C E
R e c e i v e d Section 3(a)(5) appl i c a t i o n on
* F: Dec e m b e r 30, 1991
N o v e m b e r 12, 1991, from Society Corporation,
Cleveland, Ohio, to acquire A m e r i t r u s t
Corporation, Cleveland, Ohio, and its bank
subsidiaries.
R e c e i v e d S e ction 3 ( a ) (3) appl i c a t i o n on
N o v e m b e r 25, 1991, from Provident Bancorp,
Inc., Cincinnati, Ohio, to acquire The
P r o v i d e n t Bank of Boone County, Bellevue,
Kentucky.

* Not Yet Kno w n #

R e c e i v e d S e ction 3(a)(3) appl i c a t i o n on
N o v e m b e r 25, 1991, from Provi d e n t Bancorp,
Inc., Cincinnati, Ohio, to acquire The
P r o v i d e n t Bank of Kent o n County, Covington,
Kentucky.

* Not Yet Kno w n #

S E C T I O N III - A P P L I C A T I O N S SUBJECT TO F E DERAL R E G I S T E R
N O TICE ONLY
R e c e i v e d S ection 4(c)(8) application on
N o v e m b e r 12, 1991, from Society Corporation,
Cleveland, Ohio, to acquire the non-bank
s u b s i d i a r i e s of Am e r i t r u s t Corporation,
Cleveland, Ohio.

D ecember 30, 1991

S E C T I O N IV - A P P LICATIONS NOT S UBJECT TO FEDE R A L
REGI S T E R N O TICE OR N E W S P A P E R NOT I C E
R e c e i v e d r e q u e s t from H e a r t l a n d Bank, Grove
City, Ohio, on N ovember 27, 1991, for
p e r m i s s i o n to exceed its limit of investment
in b a n k prem i s e s p e r m i t t e d under Section 24A
of the Federal R e serve Act.

*
N
F
#

-

S ubject to CRA
N e w s p a p e r Comment Period
F e deral R e g i s t e r Comment Period
E x p e c t e d to end a p p r o x imately 30 days from the
d a t e of r e c e i p t of the application.




Federal Reserve Bank of Richmond

Section I - Applications Subiect to Newspaper
Notice Only

Application

Comment Period Ending Date

None.

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

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application

None.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending November 29, 1991

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Examination
Date

None.




Rating

F e d e r a l R e s e r v e Ba n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n fo r W e e k E n d i n g N o v e m b e r 29.

1991

Section 1 - Applications Subject to Newspaper N o t i c e Only

A p p lication

Comment P e r i o d Ending Date

None.

Section 2 - Applications Subject To Both
Newspaper and Federal Register No t i c e

A p p lication

Comment P e r i o d Ending Date

Phenix-Girard Bancshares, Inc.
Phenix City, Alabama
1-BHC formation, Phenix-Girard Bank,
Phenix City, Alabama.

Not yet available*

Barnett Banks, Inc.
Jacksonville, Florida
To acquire Barnett Bank of Broward County,
N . A . , Fort Lauderdale, Florida (in
organization).

Not yet available*

Section 3 - Applications Subject to Federal
Register Notice Only

Appl i c a t i o n

Comment P e r i o d Ending Date

Alabama National Bancorporation
Shoal Creek, Alabama
To engage de novo in making, acquiring,
or servicing loans or other extensions
of credit, p ursuant to Section 225.25(b)(1)
of R e g u lation Y.

Not yet available

♦Subject to Provisions of Community Reinvestment Act.




F e d e r a l R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g N o v e m b e r 29.

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Application
Central Bancshares of the South, Inc.
Birmingham, Alabama
3(a)(5) w a i v e r request related to the
p roposed m e r g e r of its two wholly-owned
bank h o l d i n g company subsidiaries,
Compass Bancshares, Inc., Houston, Texas,
and Compass Bancshares, Inc., a Delaware
corporation.
Compass Bancshares-Delaware
will survive the merger.

B r annen Banks of Florida
Inverness, Florida
To r e d e e m 15.72 percent of its outstanding
shares of common stock.




1 991

F e d e r a l R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g N o v e m b e r

29.

1991

Section 10 - Availability of CRA Public Evaluations

The CRA public evaluations of the insured de p o s i t o r y institutions
listed below became available during this week.
Information about
an institution's CRA evaluation may be obtained d i r e c t l y from the
institution.
In
connection
with
the
as s e s s m e n t
of
an
i n s t i t u t i o n s 's CRA performance, a rating is ass i g n e d from the
following groups:

O u ts ta n d in g
reco rd
o f m e e tin g community c r e d i t
n eed s:
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.
S a tis fa c to ry
re co rd
o f m e e tin g community c r e d i t
n eed s:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire del i n e a t e d community,
including low- and moderate-income neighborhoods,
in a manner
consistent with its resources and capabilities.
N eeds t o im p rov e r e c o r d o f m e e tin g com m unity c r e d i t n e e d s :
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.
S u b s t a n t i a l n o n c o m p lia n c e in m e e tin g com m unity c r e d i t n e e d s :
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Examination
Bank
None.




Rating

Date

F e d e ra l R e se rve Bank o f C h ica g o

Tfe
fi

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
E n d in g n a t e
Application

Merger/
Branch

Chemical Bank Michigan
Clare, Michigan

N

- 11-22-91

Chemical Bank Gladwin County
Beaverton, Michigan
190 S. Ross Street
Beaverton, Michigan*
Branch

Chemical Bank Michigan
Clare, Michigan

N - 11-22-91

245 E. Cedar Avenue
Gladwin, Michigan*
Branch

Chemical Bank Michigan
Clare, Michigan
2673 W M-61
Gladwin, Michigan*

N

- 11-22-91

Branch

Chemical Bank Michigan
Clare, Michigan
27 E M-61
Gladwin, Michigan*

N

- 11-22-91

Membership

The Bank of the Quad Cities
Davenport, Icwa (in organization)
To become a member of the Federal
Reserve System*

N

- 12-15-91

N

- **

Merger/
Branch

Type

Old Kent Bank and Trust Company
Grand Rapids, Michigan
Old Kent Bank of Lansing, N.A.
Lansing, Michigan*

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Garment Period
Ending nato
Application

Y-2

Vogel Bancshares, Inc.
Orange City, Iowa
Iowa State Bank
Hull, Iowa*

FR - 12-4-91
N - 12-6-91

Y-l

TBQC, Inc.
Bettendorf, Iowa
The Bank of the Quad Cities
Davenport, Icwa (in organization)*

FR - 12-12-91
N - 12-15-91




F e d e r a l R e se rv e Bank o f C h ica g o
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
( Continued^

Comment Period

T}£§

Application

Y-2

American Interstate Bancorporation, Inc.
Council Bluff, Icwa
American Interstate Bancorporation, Inc.
Omaha, Nebraska
Bank of Elkhom
Elkhom, Nebraska*

FR - 12-12-91
N - 12-26-91

CoC-HC

Green Belt Bancorporation
Iowa Falls, Iowa
Merle R. Weaver Trust; Steven L.
Afdahl; Richard T. Gauck, Larry A.
High, Trustees

FR - 12-11-91
N - 11-26-91

Y-l

APM Bancorp, Inc.

FR - 12-16-91
N - **

Buffalo, Icwa
Buffalo Savings Bank
Buffalo, Icwa*

Ending Date

Y-2

Independence Bancshares, Inc.
Independence, Iowa
First State Bancorporation
Fredericksburg, Iowa
Northeast Iowa National Bank
Sumner, Iowa*

FR - **
N - **

Y-l

Northwest Financial Corp.
Spencer, Iowa
Conover Bancorporation
Creston, Iowa
First National Bank in Creston
Creston, Iowa*

FR - **
N - **

CoC-HC

Ocheyedan Bancorporation
Ocheyedan, Iowa
James W. and James P. Cravens and
Mark C. Fisher

FR - 11-29-91
N - 11-23-91

CoC-EK

The Kingston State Bank
Kingston, Michigan
John Kulhavi




FR - **
N

- **

Federal Reserve Bank of Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued^
Canment Period
Ending n a te

Type

Application

Y-2

San Bancorp.
Sanborn, Icwa
Ocheyedan Bancorporation
Ocheyedan, Icwa
Ocheyedan Savings Bank
Ocheyedan, Iowa*

FR - **

Qrangevillebancorp, Inc.
Orangeville, Illinois
Orangeville Ccmnunity Bank
Orangeville, Illinois*

FR - **

Y-l

N

N

- **

- 12-9-91

Section III - Applications Subject to Federal Register
Notice Only
Canment Period
Ending Date

Type

Application

Y-4

ABN AMRO Bank N.V.
Amsterdam, Netherland
Tainan Hare Federal Savings and
Loan Association
Chicago, Illinois

FR - 11-27-91

Y-4

ABN AMRO North America, Inc.
Chicago, Illinois
Talman Home Federal Savings and
Loan Association
Chicago, Illinois

FR - 11-27-91

Y-4

ABN/AMRO Holding N.V.
Amsterdam, Netherland
Talman Home Federal Savings and
Loan Association
Chicago, Illinois

FR - 11-27-91

Y-4

Stichting Administratiekantoor ABN/AMRO
Holding
Amsterdam, Netherland
Talman Home Federal Savings and
Loan Association
Chicago, Illinois

FR - 11-27-91




F e d e ra l R e se rv e Bank o f C h ica g o
Section III - Applications Subject to Federal Register
Notice Only
Continued
Comment Period
Ending Date

Type

Application

Y-4

Stichting Prioriteit ABN/AMRO Holding
Amsterdam, Netherland
Tainan Home Federal Savings and
Loan Association
Chicago, Illinois

FR - 11-27-91

4(c)(8)

Columbus Bancorp, Inc.
Indianapolis, Indiana
Flagship Insurance Company
Indianapolis, Indiana

FR - 12-12-91

4(c)(8)

Capital Directions, Inc.
Mason, Michigan
Monex Financial Services, Inc.
Mason, Michigan - Tax Planning and
Tax Preparation

FR - **

4(c)(8)

Capital Directions, Inc.
Mason, Michigan
Monex Financial Services, Inc.
Mason, Michigan - Consumer financial
Counseling

FR - **

4(c)(8)

Firstar Corporation
Milwaukee, Wisconsin
Chancellor Mortgage Corporation
Brooklyn Center, Minnesota

FR - **

4(c)(8)

Ruth Bank Corporation
Rath, Michigan
Purchase loans from its subsidiary
bank, Ruth State Bank
Ruth, Michigan

FR - **




Federal Reserve Bank of Chicago

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

RoS

Ocheyedan Bancorporation
Ocheyedan, Icwa
To redeem 242 shares of common stock from
Stephen J. Spengler

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




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 29, 1991.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resource and capabilities.
SN-An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
RATINGS

BANK NAME/LOCATION

EXAMINATION DATE

-Old Kent Bank of St. Johns
201 East Walker Street
St. Johns, Michigan
48879

8/19/91

S

-Old Kent Bank of Petoskey
300 East Mitchell Street
Petoskey, Michigan
49270

8/19/91

S

-Old Kent Bank of Ludington
124 South James Street
P.O. Box 430
Ludington, Michigan
49431

8/19/91

S

-Security Bank Northeast
69306 Main Street
Richmond, Michigan
48062

8/26/91

NI




Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING NOVEMBER 29, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

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

*

End of Comment Period

Section 3(a)(1) application by Boatmen's
Bancshares of Iowa, Inc., St. Louis, Missouri,
to acquire First Interstate of Iowa, Inc.,
Des Moines, Iowa

Not yet available

Section 3(a)(3) application by Boatmen's
Bancshares, Inc., St. Louis, Missouri to acquire
First Interstate of Iowa, Inc., Des Moines, Iowa

Not yet available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 4(c)(8) application by Boatmen's
Bancshares, Inc., St. Louis, Missouri, to engage
in data processing activities through the
acquisition of First Interstate Information
Systems of Iowa, Inc., Des Moines, Iowa

Not yet available

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
Stock redemption notification by Lonoke Bancshares
Inc., Lonoke, Arkansas

*

This application is subject to CRA.




Not applicable

FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, M issouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f m eeting com m unity credit needs
A n in s titu tio n in th is g ro u p h a s an o u tsta n d in g re co rd of, a n d is a le a d e r in, a sce rta in in g a n d h elp in g to
m e e t th e c re d it n e e d s o f its en tire d e lin e a te d com m unity, in clu d in g lo w - a n d m o d erate -in com e
n e ig h b o rh o o d s, in a m an n er c o n s is te n t w ith its re so u rce s a n d ca p a b ilitie s.
Satisfactory record o f m eeting com m unity credit needs
A n in s titu tio n in th is g ro u p h a s a s a tis fa c to ry re co rd o f asce rta in in g a n d h e lp in g to m e e t the cre d it n eeds
o f its en tire d e lin e a te d com m u n ity, in c lu d in g lo w - a n d m oderate- in c o m e n e ig h b o rh o o d s, in a m anner
c o n s is te n t w ith its re so u rce s a n d ca p a b ilitie s.
Needs to im prove record o f m eeting com m unity credit needs
A n in s titu tio n in th is g ro u p n e e d s to im p rove its o v e ra ll re co rd o f a sce rta in in g a n d h e lp in g to m eet the
c re d it n e e d s o f its e n tire d e lin e a te d com m un ity, in clu d in g lo w - a n d m o d e ra te -in co m e n eig h b orh ood s, in a
m a n n er c o n s is te n t w ith its re so u rce s a n d cap ab ilities.
Substantial noncom pliance in m eeting com m unity credit needs
A n in s titu tio n in th is g ro u p h a s a s u b s ta n tia lly d e ficie n t re co rd o f a s ce rta in in g a n d h e lp in g to m eet the
c re d it n e e d s o f its e n tire d e lin e a te d com m u n ity, in clu d in g lo w - a n d m o d e ra te -in co m e n eig h b orh ood s, in a
m a n n er c o n s is te n t w ith its re so u rce s a n d cap ab ilities.

FOR THE WEEK ENDING

Name of Bank

Linde11 Bank &
Trust Company




Bank Address

P. 0. Box 211
St. Louis, MO.

November 29, 1991

Examination
Date
8-19-91

63166

Examination
Rating
Satisfactory

F E D E R A L R E S E R V E B A N K OF M I N N E A P O L I S

Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
None.

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

A p p l i cation
A. C lifford Edwards and Wayne C.
Edwards
To each acquire control of 45.71%
of Farmers State Bank of Denton,
D e n t o n , MT

Comment Period
Ending Date
12-11-91
(Federal Register)

M cVille Financial Services, Inc.
McVille, ND
To acquire 100% of McVille State Bank
McVille, ND*

Not yet available

C o m m u n i t y First Bankshares, Inc.
Fargo, ND
To ac q u i r e 100% of First Breck
H o l d i n g Company, Breckenridge, MN*

Not yet available

Jo h n s o n Holdings, Inc.
Isanti, MN
To acquire 100% of East Central Holding
Company, Isanti, MN*

Not yet available

* Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
C o m m e n t Period
Endi n g Date

Application
Johnson Holdings, Inc.
Isanti, MN
To engage in general insurance agency
activities through the acquisition of
Isanti Agency, Inc., Isanti, MN

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Not i c e
Application
None.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
w e e k e n d i n g N o v e m b e r 29,

1991

O U T S T A N D I N G 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 moderateincome neighborhoods, in a manner consistent with its resources
and capabilities.
S A TISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of
a s c e r t a i n i n g and helping to meet the credit needs of its entire
de l i n e a t e d 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 inst i t u t i o n in this group needs to improve its overall record
of a s c e r t a i n i n g 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 NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient re c o r d
of ascert a i n i n g 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)
None.




EXAMINED

DATE OF EXAMINATION

CRA RA T I N G

Federal Reserve Bank of Kansas City

SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NO T I C E
APPLICATION

COMMENT PERIOD ENDING DATE

IPC, D e n v e r , C o l o r a d o , for p r i o r
a p p r o v a l to a c q u i r e 2 , 0 0 0 s h a r e s or
1 0 0 p e r c e n t o f t h e v o t i n g s h a r e s of
A r v a d a 1st I n d u s t r i a l B a n k , A r v a d a ,
Colorado.

Not

Available

F . S . B . B a n c o r p o r a t i o n I nc., of F o r t
Morgan, C o l o r a d o ESOP, Fort Morgan,
C o l o r a d o , fo r p r i o r a p p r o v a l to
become a bank holding company through
t h e a c q u i s i t i o n o f 2 5 . 4 2 p e r c e n t of
the vo t i n g shares of F.S.B.
B a n c o r p o r a t i o n , I nc., o f F o r t M o r g a n ,
Colorado.*

Not

Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R NOTICE
ONLY
APPLICATION

COMMENT

PERIOD

ENDING

DATE

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGI S T E R NOTICE
OR NEWSPAPER NOTICE
APPLICATION

S e c u r i t y Bank,
prior approval
i ts o w n v o t i n g




B a s i n , W y o m i n g , for
to r e d e e m 30 s h a r e s of
co m m o n stock.

Not

Available

Federal Reserve Bank of Kansas City

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
I dentification of Ratings
In
c o n n e c t i o n with
the a s s e s s m e n t
of
each
institution's
CRA performance,
a
rating
is
f o l l o w i n g groups:

Outstanding

insured
depository
assigned
from
the

record of meeting community credit needs

A n i n s t i t u t i o n in thi s g r o u p h a s a n o u t s t a n d i n g r e c o r d of, a n d
is a l e n d e r in, a s c e r t a i n i n g a n d h e l p i n g to m e e t t h e c r e d i t
n e e d s o f its e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g l o w - a n 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 a n m a n n e r c o n s i s t e n t w i t h
it s r e s o u r c e s a n d c a p a b i l i t i e s .

Satisf a c t o r y record of meeting community credit needs
A n i n s t i t u t i o n in t his g r o u p h a s a s a t i s f a c t o r y r e c o r d o f
a s c e r t a i n i n g a n d h e l p i n g to m e e t
th e c r e d i t n e e d s of
its
entire
delineated community,
including
low- and m o d e r a t e income
neighborhoods,
in
a
manner
consistent
with
its
r e s o u r c e s and capabilities.

Needs to improve record of meeting community credit needs
A n i n s t i t u t i o n in this g r o u p n e e d s to i m p r o v e its o v e r a l l
r e c o r d of a s c e r t a i n i n g a n d h e l p i n g to m e e t th e c r e d i t n e e d s of
i ts e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g l o w - a n d m o d e r a t e income
neighborhoods,
in
a
manner
consistent
with
its
r e sources and capabilities.

S u b stantial noncompliance in meeting community credit needs
A n i n s t i t u t i o n in t his 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 a n d h e l p i n g to m e e t t h e c r e d i t n e e d s of
it s e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g l o w - a n d m o d e r a t e income
neighborhoods,
in
a
manner
consistent
with
its
r e s o u r c e s and capabilities.

Bank/Location

Exam Date

None.
*

*Application




is s u b j e c t

to CRA.

CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF NOVEMBER 25, 1991
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

NOTICE EXP

APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

** NOTICE EXP

APPLICATION
♦Section 3(a)(1) application by
Peoples National Holdings, Inc., Wilmington, DE, to
acquire Peoples National Bank, McKinney, TX

91/11/29

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

APPLICATION

NOTICE EXP

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

APPLICATION
None.

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF NOVEMBER 25. 1991
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding
leader in, ascertaining and helping to meet the
entire delineated
community,
including lowneighborhoods, in
a manner
consistent
with
capabilities.

record of, and is a
credit needs of its
and
moderate-income
its
resources
and

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

Bank
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 11/29/91

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
Philippine National Bank, Manila, Philippines,
to acquire California Overseas Bank, Los
Angeles, California.*

Newspaper:

12/13/91

Fed. Req.:

12/17/91

Fai Heng Chan, White Rock, British Columbia,
Canada, to acquire 100 shares of Class B
common stock of American Pacific Bank,
Aumsville, Oregon.

Newspaper:

Not available

Fed. Rea.:

12/11/91

Melvin T. and Laura L. Bowler, St. George,
Utah, to retain 10.23 percent of First
Bankshares, Inc., St. George, Utah.

Newspaper:

12/15/91

Fed. Req.:

12/13/91

Investors Banking Group, Portland, Oregon,
to become a bank holding company by acquiring
Colonial Banking Company, Grants Pass, Oregon.*

Newspaper:

Not available

Fed. Req.:

12/24/91

Burkart Group, Sacramento, California, to
acquire new common stock which will result
in owning 80 percent of Placer Bank of
Commerce, Roseville, California.

Newspaper:

Not available

Fed. Req.:

Not available

Section III - Applications Subject to Federal Register Notice Only
CVB Financial Corp., Ontario, California, to
engage de novo in data processing activities
through a wholly-owned subsidiary, to be named
Premier Results, Inc., Anaheim, California.

Fed. Rea.:

12/26/91

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




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

Week ending 11/29/91

Section V - Availability of CRA Public Evaluations
Information about a particular institution's CRA evaluation may be obtained
directly from the institution.
Institution

Location

Western Security Bank

7401 E. Camel back Road
Scottsdale, AZ 85251
Tel: (602) 947-9888

Examination Date
8/19/91

Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
OUTSTANDING: An institution assigned this rating 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: An institution assigned this rating has a satisfactory record
of ascertaining and meeting the credit needs of its delineated community.
NEEDS TO IMPROVE: An institution assigned this rating needs to improve its
overall record of ascertaining and meeting the credit needs of its delineated
community.
SUBSTANTIAL NONCOMPLIANCE: An institution assigned this rating has a
substantially deficient record of ascertaining and meeting the credit needs of
its delineated community.

* Subject to CRA




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