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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1992, No. 45 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending November 7, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS SANK HOLDING COMPANIES Barnett Banks, Inc., Jacksonville, Florida — revised order concerning BoardTs approval of application to acquire 7L Corporation, Tampa, Florida, and First Florida Banks, Inc. Authorized, November 6, 1992. BANK MERGERS Bank of New York, New York, New York — to purchase certain assets and assume certain liabilities of Barclays Bank of New York, N.A., and to establish branches. Approved, November 4, 1992. ENFORCEMENT Heritage Bank, McLean, Virginia — written agreement dated October 31, 1992, with the Federal Reserve Bank of Richmond and the Bureau of Financial Institutions of the Commonwealth of Virginia. Announced, November 3, 1992. NESB Corp., New London, Connecticut — written agreement dated October 29, 1992, with the Federal Reserve Bank of Boston. Announced, November 6, 1992. PeopleTs Mutual Holdings, Bridgeport, Connecticut — written agreement dated October 22, 1992, with the Federal Reserve Bank of New York and the Banking Commissioner of the State of Connecticut. Announced, November 6, 1992. Wahoo State Bank, Wahoo, Nebraska — written agreement dated October 23, 1992, with the Federal Reserve Bank of Kansas City, and the Nebraska Director of Banking and Finance. Announced, November 3, 1992. H.2 NOVEMBER 2, 1992 PAGE 2 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS One-Time Survey of the Cost of Implementing Truth in Savings CFR 3074). Approved, November 6, 1992. INTERNATIONAL OPERATIONS Morgan Guaranty International Finance Corporation, New York, New York — to engage in the execution and clearance of certain futures contracts on the Mercato Italiano Futures, Milan, Italy, through J.P. Morgan SIM S.p.a., with delegation of authority to the Federal Reserve Bank of New York to approve additional financial contracts. Permitted, November 2, 1992. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Dallas Citizens Bank and Trust Company, Baytown, Texas — establish a branch at San Jacinto Methodist Hospital, 4401 Garth Road. Approved, November 6, 1992. to Minneapolis Farmers State Bank, Victor, Montana — branch in Darby, Montana. Approved, November 6, 1992. S t . Louis First Bank of Arkansas, Russellville, Arkansas — establish a branch at 1907 West Main Street. Approved, November 2, 1992. Richmond First Virginia Bank - Colonial, Richmond, Virginia — to establish a branch at Harbour Pointe Village Shopping Center, Midlothian, Virginia. Approved, November 4, 1992. to establish a to H.2 NOVEMBER 2, 1992 PAGE 3 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Albrecht Financial Services, Inc., Wall Lake, Iowa — to acquire Norwalk-Cumming State Bank, Norwalk, Iowa. Approved, November 6, 1992. Kansas City BOK Financial Corporation, Tulsa, Oklahoma — to acquire certain assets and assume certain liabilities of 19 branches of the Sooner division of First Gibraltar, FSB, Irving, Texas. Approved, November 3, 1992. St. Louis CBT Corporation, Paducah, Kentucky — to engage de novo in the sale of property insurance through Fidelity Credit Corporation. Withdrawn, November 6, 1992. Atlanta Colonial BancGroup, Montgomery, Alabama — to acquire Auburn Federal Savings Bank, Auburn, and merge it into Colonial Bank, Montgomery, Alabama. Approved, November 3, 1992. Director, BS&R Evans Bancorp, Inc., Angola, New York — statement. Approved, November 2, 1992. Chicago FBOP Corporation, Oak Park, Illinois — to acquire the assets and assume the liabilities of Republic Federal Savings Bank, Chicago, Illinois. Approved, November 6, 1992. Chicago First Citizens Bancorp of Indiana, Anderson, Indiana — to acquire five Anderson, Indiana, branches of Colonial Central Savings Bank, F.S.B., Mount Clemens, Michigan. Approved, November 2, 1992. Richmond First Citizens Bancorporation of South Carolina, Inc., Columbia, South Carolina — proposal that First Citizens Bank and Trust Company of South Carolina, acquire certain assets and assume certain liabilities of four branches of First State Savings and Loan, a division of Poughkeepsie Savings Bank, FSB, Poughkeepsie, New York. Approved, November 2, 1992. registration H.2 NOVEMBER 2, 1992 PAGE A TO NOVEMBER.6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta First Community Bancorp, Inc., Shelbyville, Tennessee — to acquire First Community Bank of Bedford County. Approved, November 4, 1992. Dallas First Valley Delaware Financial Corporation, Dover, Delaware — to acquire First Valley Bank, Raymondville, Texas. Approved, November 2, 1992. Richmond First Virginia Banks, Inc., Falls Church, Virginia — to engage in community development activities. Approved, November 2, 1992. Chicago Firstar Corporation, Milwaukee, Wisconsin — to transfer minority interest in its joint venture subsidiary, Elan Life Insurance Company. Returned, November 5, 1992. Secretary Fleet Financial Group, Inc., Providence, Rhode Island — to engage in asset management, servicing, and collection activities through Fleet Management and Recovery Corporation, Boston, Massachusetts. Approved, November 3, 1992. Kansas City Fourth Financial Corporation, Wichita, Kansas — to acquire certain assets and assume certain liabilities of 28 branches of the Sooner division of First Gibraltar Bank, FSB, Irving, Texas. Approved, November 6, 1992. Kansas City Fourth Financial Corporation, Wichita, Kansas — to merge with Fourth National Corporation, Tulsa, Oklahoma, and acquire Fourth Mortgage & Investment Company, Fourth Investment Advisors, Inc., and Roe & Cochran, Inc. Approved, November 6, 1992. H.2 NOVEMBER 2, 1992 PAGE 5 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis H & H Holding Company, Alton, Illinois — to acquire Greene County National Bank in Carrollton, Carrollton, Illinois, and Godfrey State Bank, Godfrey, Illinois. Approved, November 3, 1992. Chicago Heritage Financial Services, Inc., Tinley Park, Illinois — to purchase certain assets and assume certain deposit liabilities of First Chicago Bank for Savings, F.S.B., Frankfort, Illinois. Approved, November 6, 1992. Dallas Olney Bancorp of Delaware, Inc., Wilmington, Delaware — to acquire First Coleman National Bank of Coleman, Coleman, Texas. Approved, November 6, 1992. Dallas Olney Bancshares, Inc., Olney, Texas — to acquire First Coleman National Bank of Coleman, Coleman, Texas. Approved, November 6, 1992. Chicago PSB Corporation, Wellsburg, Iowa — to acquire First National Bank of Sumner, Sumner, Iowa. Approved, November 2, 1992. Director, BS&R Southern National Corporation, Lumberton, North Carolina — to acquire FEDFirst Bancshares, Inc., Winston-Salem, and First Federal Savings Bank, and for its bank subsidiary, Southern National Bank of North Carolina, Lumberton, to acquire certain assets and assume certain liabilities of First Federal. Approved, November 3, 1992. S t . Louis State First Financial Corporation, Texarkana, Arkansas — to acquire First National Bank of Nashville, Nashville, Arkansas. Approved, November 5, 1992. H .2 NOVEMBER 2, 1992 PAGE 6 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago United Bancorp, Inc., Tecumseh, Michigan — to purchase the assets and assume the liabilities of the Morenci and Clinton, Michigan, offices of Standard Federal Bank, Troy, Michigan. Approved, November 2, 1992. Minneapolis Wally Bancorp, Inc., Parker, Colorado — Community Bank of Parker. Withdrawn, November 6, 1992. to acquire BANK PREMISES Cleveland Heartland Bank, Grove City, Ohio — bank premises. Approved, November 5, 1992. investment in Cleveland Lorain County Bank, Elyria, Ohio — bank premises. Approved, November 2, 1992. investment in Cleveland Ohio Citizens Bank, Toledo, Ohio — bank premises. Approved, November 4, 1992. investment in BANKS, STATE MEMBER Chicago Firstar Bank Ottumwa, Ottumwa, Iowa — dividend. Approved, November 5, 1992. payment of a CAPITAL STOCK Chicago Financial Services Corporation of the Midwest, Rock Island, Illinois — redemption of shares. Returned, November 2, 1992. Dallas Moody Bancshares, Inc., Galveston, Texas — redemption of shares. Approved, November 5, 1992. H.2 NOVEMBER 2, 1992 PAGE 7 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas First Bancorporation of Cleveland/ Inc., Cleveland/ Texas — change in bank control. Permitted/ November 6, 1992. COMPETITIVE FACTORS REPORTS Chicago American Equity Bancorp/ Inc., Stevens Point/ Wisconsin/ proposed merger with American Equity Bank/ S.S.B. — report on competitive factors. Submitted, November 2, 1992. Kansas City Bank of Applewood (dba Citywide Bank of Applewood), Wheat Ridge, Colorado, proposed merger with Jefferson Bank South Cdba Citywide Bank of Jefferson), Lakewood, Colorado — report on competitive factors. Submitted, November 6, 1992. Chicago Bank One, Indianapolis, National Association, Indianapolis, Indiana, proposed merger with Bank One, Plainfield, National Association, Plainfield, Indiana — report on competitive factors. Submitted, November 6, 1992. Atlanta Barnett Bank of Central Florida, NA, Winterpark, Florida, proposed merger with First Florida Bank, NA, Tampa, Florida, and proposed purchase of asset and assumption of liabilities of certain branches of First Florida Bank, NA, by Barnett — report on compet itive factors. Submitted, November 5, 1992. Atlanta Capital City Bank Group, Inc., Tallahassee, Florida - to acquire certain assets and assume certain liabilities of the Branford, Florida, branch of First Federal Savings Bank of Perry; and to merge those assets and liabilities with Branford State Bank, Branford, Florida. Submitted, November 6, 1992. Cleveland Charter One Financial, Inc., Cleveland, Ohio, proposed acquisition of WomenTs Federal Savings Bank, Cleveland, Ohio — report on competitive factors. Submitted, November 5, 1992. H.2 NOVEMBER 2, 1992 PAGE 8 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Citizens Banking Company, Anderson, Indiana, proposed purchase of assets and assumption of the liabilities of the five Madison County, Indiana, branches of Colonial Central Savings Bank, F.S.B., Mount Clemens, Michigan — report on competitive factors. Submitted, November 2, 1992. Chicago Comerica Bank - Midwest, National Association, Toledo, Ohio, proposed purchase of all of the assets and assumption of all of the liabilities of Manufacturers Bank - Wilmington, Newark, Delaware - report on competitive factors. Submitted, November 6, 1992. Dallas Comerica Bank-Texas, Dallas, Texas, proposed merger with Hibernia National Bank in Texas, Dallas, Texas — report on competitive factors. Submitted, November 5, 1992. Chicago First National Bank of Sturgeon Bay, Sturgeon Bay, Wisconsin, proposed merger with Kellogg-Citizens National Bank of Green Bay, Green Bay, Wisconsin — report on competitive factors. Submitted, November 6, 1992. Kansas City First National Bank of Wisner, Wisner, Nebraska, proposed merger with Farmers National Bank of Madison, Madison, Nebraska — report on competitive factors. Submitted, November 6, 1992. Chicago Five Merchants Bank, N.A., Muncie, Indiana, proposed purchase of certain assets and assumption of certain liabilities of the Edgewood branch of Pendleton Banking Company, Pendleton, Indiana — report on competitive factors. Submitted, November 4, 1992. Atlanta GF Bancshares, Inc., Griffin, Georgia — to acquire Griffin Federal Savings Bank — report on compet itive factors. Submitted, November 4, 1992. H.2 NOVEMBER 2, 1992 PAGE 9 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Heritage Bank, Blue Island, Illinois, proposed purchase of the assets and assumption of the liabilities of the Frankfort, Illinois, branch of First Chicago Bank for Savings, F.S.B. — report on competitive factors. Submitted, November 6, 1992. Kansas City Kansas State Bank, Garnett, Kansas, proposed merger with Peoples Bank of Kansas, Richmond, Kansas — report on competitive factors. Submitted, November 6, 1992. S t . Louis Kentucky State Bank of Scottsville, Scottsville, Kentucky, and Commercial Bank of Dawson Springs, Dawson Springs, Kentucky, proposed merger with Trans Financial Bank, National Association, Bowling Green, Kentucky — report on competitive factors. Submitted, November 2, 1992. Philadelphia Meridian Bank, Cherry Hill, New Jersey, proposed acquisition of certain assets and assumption of the liability to pay certain deposits of the Security Savings Bank, SLA, Vineland, New Jersey — report on competitive factors. Submitted, November 4, 1992. Dallas Mineola State Bank, Mineola, Texas, proposed merger with First State Bank, Gladewater, Texas — report on competitive factors. Submitted, November 3, 1992. Minneapolis Norwest Interim Bank, N.A., Moorhead, Minnesota, proposed merger with Moorhead Bank, N.A. — report on competitive factors. Submitted, November 2, 1992. Chicago St. Paul Federal Bank of Savings, Chicago, Illinois, proposed merger with Elmhurst Federal Savings Bank, Elmhurst, Illinois — report on competitive factors. Submitted, November 2, 1992. H.2 NOVEMBER 2, 1992 PAGE 10 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago St. Paul Federal Bank for Savings, Chicago, Illinois proposed merger with Elmhurst Federal Savings Bank Elmhurst, Illinois — report on competitive factors. Submitted, November 2, 1992. Dallas Security State Bank, Elysian Fields, Texas, proposed merger with First State Bank, Gladewater, Texas — report on competitive factors. Submitted, November 3, 1992. Cleveland Team Bank, Fort Worth, Texas, proposed merger with Bank One, Texas, N.A., Dallas, Texas — report on competitive factors. Submitted, November 5, 1992. Chicago United Bank & Trust, Tecumseh, Michigan, proposed purchase of the assets and assumption of the liabilities of the Clinton and Morenci, Michigan, offices of Standard Federal Bank, Troy, Michigan report on competitive factors. Submitted, November 2, 1992. Richmond United National Bank - Central, Glenville, West Virginia, and United National Bank - North, Wheeling, West Virginia, proposed merger with United National Bank, Parkersburg, West Virginia report on competitive factors. Submitted, November 4, 1992. Philadelphia Wayne County Bank and Trust Company, Honesdale, Pennsylvania, proposed purchase of the Milford branch of Northeastern Bank of Pennsylvania, Scranton, Pennsylvania — report on competitive factors. Submitted, November 4, 1992. H.2 NOVEMBER 2, 1992 PAGE 11 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California extensions to divest certain properties. Granted, November 3, 1992. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, November 3, 1992. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, November 5, 1992. Atlanta Colonial Bancgroup, Inc., Montgomery, Alabama — extension to February 7, 1993, to merge Home Federal with Colonial Bank. Granted, November 5, 1992. Chicago First Financial Corporation, Terre Haute, Indiana — extension to February 2, 1993, to acquire First Citizens of Paris, Inc., Paris, Illinois, and The Citizens National Bank of Paris. Granted, November 2, 1992. Kansas City FirstBank Holding Company of Colorado Employee Stock Ownership Plan, Lakewood, Colorado — extension to February 25, 1993, to acquire FirstBank Holding Company of Colorado. Granted, November 4, 1992. Chicago Old Kent Financial Corporation, Grand Rapids, Michigan — extension to January 29, 1993, to engage de novo in community development activities by investing in low income housing through Grand Rapids Hope Limited Partnership and Mount Mercy Limited Partnership. Granted, November 3, 1992. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Granted, November 2, 1992. extensions to H.2 NOVEMBER 2, 1992 PAGE 12 TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Dallas — to offer a city premium product at all four Eleventh District offices. Approved, November 2, 1992. Director, FRBO Federal Reserve Bank of New York — Buffalo Branch to implement a Canadian check clearing service through the Helena Branch of the Federal Reserve Bank of Minneapolis. Approved, November 6, 1992. H.2 NOVEMBER 2, 1992 PAGE 13 ADDITIONS AND CORRECTIONS TO NOVEMBER 6, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS RESERVE BANK SERVICES Federal Reserve priced services — 1993 (Docket R-0779). Approved, October 28, 1992. fee schedules for ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Philadelphia Johnstown Bank & Trust Company, Johnstown, Pennsylvania — to establish a branch at 500 Industrial Park Road. Approved, October 30, 1992. BANK HOLDING COMPANIES Secretary SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of Florida, Inc., Jacksonville, Florida — proposal that SouthTrust Bank of West Florida, St. Petersburg, Florida, acquire the assets and assume the liabilities of Colony Bank, Clearwater, Florida. Approved, October 30, 1992. BANK MERGERS Secretary SouthTrust Bank of West Florida, St. Petersburg, Florida, to merge with Colony Bank, Clearwater, Florida, and establish a branch at 1465 South Fort Harrison Street. Approved, October 30, 1992. BANK PREMISES Secretary SouthTrust Bank of West Florida, St. Petersburg, Florida — investment in bank premises. Approved, October 30, 1992. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS 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 Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE "N" - Rating* 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 VSB Bancorp, Inc., Closter, New Jersey, to become a bank holding company with respect to Valley Savings Bank, Closter, New Jersey.1/ 11/20/92 2/ KeyCorp and Key Bancshares of New York, both of Albany, New York to acquire National Savings Bank of Albany, Albany, New York.l 11/20/92 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) U.S. Trust Corporation, New York, New York to acquire Campbell, Cowperthwaite & Co. Inc., New York, New York and engage in investment advisory activities. 11/27/92 Credit Lyonnais, Paris, France, to engage de novo through its subsidiary, C.L. Servicing Corporation, New York, New York, in acting as a servicing agent for one or more special purpose vehicles (the "SPVS") owned by independent parties. The SPVS will purchase assets from customers of Credit Lyonnais and make loans to customers of Credit Lyonnais secured by assets pledged by such customers. The SPVS will finance such purchases and loans by issuing commercial paper and possible other securities. In its capacity as servicing agent, the subsidiary will provide services in connection with the structuring and negotiation of loan and purchase transactions. The subsidiary will also provide services in connection with the administration and monitoring of the asset purchase and loan agreements and the liquidity and credit facilities supporting the obligations of the SPVS. 11/27/92 Skandinaviska Enskilda Banken, Stockholm, Sweden to acquire indirectly through its subsidiary, FinansSkandic, New York, New York, 100 percent of the shares of Actium Leasing Corporation and Kadesh Leasing Corporation, indirect subsidiaries of Bank of America, N.T. and S.A., San Francisco, California, and thereby engage in leasing activities. The Toronto-Dominion Bank, Toronto, Canada, to engage de novo through Toronto Dominion Securities (USA) Inc., New York, New York, in providing foreign exchange advisory and transactional services. Westdeutsche Landesbank Gironzentrale, Dusseldorf, Federal Republic of Germany, to acquire all of the voting shares of Thomas Cook Inc., New York, New York, and thereby engage indirectly in (1) issuing, selling, and redeeming of U.S. dollar- and foreign currency-denominated travelers checks, money orders and other consumer instruments with a face value of $1,000, (2) selling U.S. dollar- and foreign currency-denominated payment instruments and wires, (3) certain foreign exchange activities with respect foreign currency and related forward transactions for customers and certain transactions involving swaps, forwards, options, and futures for purposes of hedging its own account, (4) purchasing and selling precious metals for customers and for purposes of hedging its own account, and (5) data processing and incidental activities related to the proposed activities. 11/27/92 11/27/92 11/20/92 SECTION IV Applications Not Involving ______ Public Comment______ None. SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending November 7. 1992 NAME OF BANK RATING EXAMINATION DATE None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA requests approval to establish a remote service facility at Acme Market, DeKalb Pike, King of Prussia, PA, pursuant to Section 9 of the F.R. Act. (To be accepted for Board Action due to the protest received on the application by Meridian Bancorp to acquire 100% of Meridian Bank, New Jersey, Cherry Hill, New Jersey (in organization), pursuant to Section 3(a)(3) of the BHCA.) 12/2/92 Meridian Bank, Reading, PA requests approval to establish a remote service facility at SuperFresh Supermarket, The Marketplace at Huntingdon Valley, 2100-10 County Line Road, Huntingdon Valley, PA, pursuant to Section 9 of the F.R. Act. (To be accepted for Board Action) 12/2/92 Meridian Bank, Reading, PA requests approval to establish a remote service facility at SuperFresh Supermarket, 863 East Baltimore Pike, Kennett Square, PA, pursuant to Section 9 of the F.R. Act. (To be accepted for Board Action) 12/2/92 Meridian Bank. Reading, PA requests approval to establish a remote service facility at ShopRite Supermarket, 29 Snyder Avenue, Philadelphia, PA, pursuant to Section 9 of the F.R. Act. (To be accepted for Board Action) 12/2/92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date NONE. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date NONE. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA* The 30-business day period the bank has to make the evaluation public has lapsed during the week ending November 6, 1992 Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs* An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities* Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities• Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs* An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date None • CRA Rating Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending November 7, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received OAKAR application from Fifth Third * December 5, 1992 Bancorp, Cincinnati, Ohio, on November 2, 1992, to acquire the assets of and assume the liabilities of the Oxford, Chillicothe, and Fremont, Ohio, branch office of Home Savings of America, FSB, Irwindale, California. Received application from The Fifth Third Bank, * December 5, 1992 Cicinnati, Ohio, to merge with the Chillicothe, Ohio, branch office of Home Savings of America, FSB, Irwindale, California, pursuant to Section 18(c) of the Federal Deposit Insurance Act. Received application from Equibank, Pittsburgh, November 27, 1992 Pennsylvania, on October 22, 1992, for permission to become a member of the Federal Reserve System. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received notice from Society Corporation Employee Stock Ownership Plan on October 21, 1992, of its intent to acquire up to 10.32 percent of the voting shares of Society Corporation, Cleveland, Ohio. F: November 19, 1992 Received application from Banc One COMMENT PERIOD EXTENDED Corporation, and Banc One Alpha Corporation, both of Columbus, Ohio, UNTIL NOVEMBER 20, 1992 on September 28, 1992, to acquire Valley National Corporation, Phoenix, Arizona, pursuant to Section 3 of the Bank Holding Company Act. * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Applications Bulletin For Week Ending November 7, 1992 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received application from Banc One COMMENT PERIOD EXTENDED Corporation and Banc One Alpha UNTIL NOVEMBER 20, 1992 Corporation, both of Columbus, Ohio, to acquire Concho Insurance Agency, Inc., and VNC Investment Corporation, both of Phoenix, Arizona, pursuant to Section 4( c ) (8) of the Bank Holding Company Act. Received Section 4 ( c ) (8) application from Not Yet Known # Huntington Bancshares Incorporated, Columbus, Ohio, on October 13, 1992, to expand the scope of the activities of its wholly-owned subsidiary, The Huntington Company, to include private placement and riskless principal activities; underwriting and dealing in bank-ineligible securities; and providing securities brokerage and investment and financial advisory services, underwriting and dealing in governmental obligations and money market instruments. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. AVAILABILITY OP CRA PUBLIC EVALUATIONS (November 6, 1992) 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 November 6, 1992. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand 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 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 NON COMPLIANCE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The Citizens Savings Bank Co. 132 East Front Street Pemberville, Ohio 43450 (419) 287-3211 Rating: Satisfactory Exam Date: August 17, 1992 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Citizens Bank of Virginia, Arlington, Virginia, to establish a branch at 3829 S. George Mason Drive, Falls Church, Virginia.** 11-29-92 First Virginia Bank - Colonial, Richmond, Virginia, to establish an Electronic Funds Transfer Facility in Chesterfield Towne Center, 11500 Midlothian Turnpike, Richmond, Virginia.* 11-30-92 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Mountaineer Bankshares of W. Va . , Inc., Martinsburg, West Virginia, to acquire Sunrise Bancorp, Inc., Wheeling, West Virginia.* 11-29-92 Commerce Banc Corporation, Charleston, West Virginia, to acquire 7.68% of the shares of First National Bank, Beckley, West Virginia.* 11-30-92 First Union Corporation, Charlotte, North Carolina, to acquire Dominion Bankshares Corporation, Roanoke, Virginia.* Notice of Change in Control with respect to FWB Bancorporation, Rockville, Maryland.* 12-3-92 Not yet available. Section III - Applications Subject to Federal Register Notice Application First Union Corporation, Charlotte, North Carolina, to acquire PSFS Thrift Holding Company, Philadelphia, Pennsylvania, and its subsidiary, Meritor Savings, F.A., Winter Haven, Florida.* Comment Period Ending Date 11-19-92 *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice--contd. Application Comment Period Ending Date Crestar Financial Corporation, Richmond, Virginia, to engage in full-service brokerage activities. Not yet available. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Comment Period Ending Date Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending November 6, 1992 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date None. Rating Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 6. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date AmSouth Bancorporation Not yet available* Birmingham, Alabama Along with AmSouth Bank, N.A., Birmingham, Alabama, to acquire certain assets and assume certain liabilities of five branches of Secor Bank, FSB, Birmingham, Alabama, pursuant to Section 5 ( d ) (3) of the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Corporation Act of 1991. The branches are as follows: 701 Forest Avenue, Gadsden, Alabama; 2218 Danville Road, SW, Decatur, Alabama; 304 South Pine, Florence, Alabama; 2708 Hough Road, Florence, Alabama, and 404 Avalon Avenue, Muscle Shoals, Alabama. Barnett Bank of Hillsborough County Not yet available* Tampa, Florida To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. Barnett Bank of Hillsborough County Not yet available* Tampa, Florida To merge with First Florida Bank, Tampa, Florida (subsequent to its conversion from a national bank to a state member bank), pursuant to Section 18(c) of the Federal Deposit Insurance Act. First Florida Bank, N.A. Not yet available* Tampa, Florida To become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. ♦Subject to Provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 6. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Florida Bank Tampa, Florida Subsequent to its conversion from a national bank to a state member bank, to merge with Barnett Bank of Tampa, N.A., Tampa, Florida, pursuant to Section 18(c) of the Federal Deposit Insurance Act. Not yet available* Alerion Bank Not yet available* New Orleans, Louisiana To establish a branch located at 200 Veterans Memorial Boulevard, Metairie, Louisiana, to be known as the Veterans/Delchamps Branch. AmSouth Bancorporation Birmingham, Alabama To acquire the Summerville, Georgia branch of First Federal Bank, FSB, Chattanooga, Tennessee, pursuant to Section 5(d)(3) of the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Corporation Act of 1991. 10-03-92* Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. ♦Subject to Provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 6. 1992 Section 3 - Applications Subject to Federal • Register Notice OnlyApplication Comment Period Ending Date AmSouth Bancorporation Birmingham, Alabama To engage de novo in making equity and debt investments in community development projects, pursuant to Section 225.25(b)(6) of Regulation Y. Not yet available First Alabama Bancshares, Inc. Mont gome r y , A1abama To acquire Security Federal Savings and Loan Association of Nashville, Nashville, Tennessee, pursuant to Section 4( c ) (8) of the Bank Holding Company Act. Peoples Financial Services, Inc. Cookeville, Tennessee To acquire Citizens Federal Savings Bank, Rockwood, Tennessee, pursuant to Section 4(c) (8) of the Bank Holding Company Act. 11-23-92 Not yet available Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Central Bancshares of the South, Inc. Birmingham, Alabama Application Waiver request, under Section 3(a) (5) of the Bank Holding Company Act, related to the acquisition of FWNB Bancshares, Inc., Plano, Texas, and its wholly-owned subsidiary, First Western National Bank, Carrollton, Texas, by Central Bancshares' direct and indirect bank holding company subsidiaries, Compass Bancshares, Inc., Houston, Texas, and River Oaks Bancorporation, Wilmington, Delaware. United Bank Corporation Griffin, Georgia An after-the-fact Commitment modification request. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending November 6. 1992 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank Rating Indian Rocks State Bank Satisfactory Post Office Box 7 Indian Rocks Beach, Florida 34635 (813) 596-9990 Date 09-14-92 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch Harbor Springs State Bank Harbor Springs, Michigan 2201 E. Mitchell Street Petoskey, Michigan* N Branch Harbor Springs State Bank Harbor Springs, Michigan 330 E. Mitchell Street Petoskey, Michigan* N Branch Harris Bank of St. Charles St. Charles, Illinois 4 contractual branches at Harris Bank Argo Summit, Illinois 1 contractual branch at Harris Bank Barrington, N.A. Barrington, Illinois 1 contractual branch at Harris Bank Wilmette, N.A. Wilmette, Illinois 2 contractual branch at Harris Bank Winnetka, N.A. Winnetka, Illinois 2 contractual branches at Harris Bank Frankfort Frankfort, Illinois 2 contractual branches at Harris Bank Hinsdale, N.A. Hinsdale, Illinois 2 contractual branches at Harris Bank Glencoe-Northbrook, N.A. Glencoe, Illinois 3 contractual branches at Harris Bank Libertyville Libertyville, Illinois* N - 11-13-92 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only fContinued Comment Period Ending Date Type Application Branch Omnibank River Rouge, Michigan Intersection of Woodward & Manchester Highland Park, Michigan* N - 11-13-92 Branch Lake Forest Bank and Trust Company Lake Forest, Illinois Corner of Bank Lane & Wisconsin Avenue Lake Forest, Illinois* N - 11-22-92 Oakar First of America Bank Corporation N - 11-19-92 Kalamazoo, Michigan Champion Federal Savings and Loan Association Bloomington, Illinois First of America Bank-McLean County, National Association Bloomington, Illinois* Oakar ABN AMRO Bank, N.V, Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Oakar ABN AMRO North America, Inc. Chicago, Illinois LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Oakar ABN/AMRO Holding, N.V. Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Oakar LaSalle National Corporation Chicago, Illinois LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only (Continued Comment Period Ending Date Type Application Oakar Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Oakar Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR N Membership Farmers Bank & Trust (formerly The Farmers National Bank of Webster City) Webster City, Iowa To become a member of the Federal Reserve System* N - ** EFT The Onsted State Bank Onsted, Michigan 102 N. Main Street Brooklyn, Michigan* N - 11-15-92 Membership Community Bank of Elmhurst Elmhurst, Illinois (in organization) To become a member of the Federal Reserve System* N - ** Oakar Royal Bancshares, Inc. Elroy, Wisconsin Hillsboro Branch of AnchorBank, S.S.B. Hillsboro, Wisconsin* N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspape: Register Notice and Federal Comment Period Ending Date Type Application Y-2 Comerica Incorporated Detroit, Michigan Sugar Creek National Bank Sugar Land, Texas* FR - 11-2-92 N - 10-30-92 CoC-HC Peoples Mid-Illinois Corporation Bloomington, Illinois George Parker Kemp FR - 11-4-92 N - 10-28-92 Y-l SC Bancorp, Inc. Worth, Illinois The Sun City Bank Sun City, Arizona* FR - 11-6-92 N - 11-20-92 Y-2 Southwest Bancorp, Inc. Worth, Illinois SC Bancorp, Inc « Worth, Illinois The Sun City Bank Sun City, Arizona* FR - 11-6-92 N - 11-20-92 Y-2 Gibson Investment Company Gibson, Iowa Wingo, Ltd. Brooklyn, Iowa Poweshiek County Savings Bank Brooklyn, Iowa* FR - 11-20-92 N - 11-23-92 CoC-HC Wingo, Ltd. Brooklin, Iowa Roll in R. Harder FR - 11-17-92 N - 11-11-92 Y-2 First Busey Corporation Urbana, Illinois Empire Capital Corporation LeRoy, Illinois LeRoy State Bank LeRoy, Illinois* FR - 11-27-92 N - 11-16-92 Y-l Bourbonnais Bancorp, Inc. Wheaton, Illinois Bank of Bourbonnais Bourbonnais, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Tvoe Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued ) Coalment Period Application Ending Date Y-2 Illinois State Bancorp, Inc. Wheaton, Illinois Bourbonnais Bancorp, Inc. Wheaton, Illinois Bank of Bourbonnais Bourbonnais, Illinois Presidential Holdings, Inc. Bourbonnais, Illinois* FR - ** N - ** Y-l GFH Corp. Elmhurst, Illinois Community Bank of Elmhurst Elmhurst, Illinois (in organization)* FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Type Application Y-4 Old Kent Financial Corporation Grand Rapids, Michigan Old Kent Brokerage Services, Inc. Grand Rapids, Michigan Comment Period Ending Date FR - 11-6-92 Y-4 Henry County Bancorp,Inc. FR - 11-2-92 Cambridge, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Iroquois Bancorp, Inc. FR - 11-2-92 Gilman, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Minooka Bancorp, Inc. FR - 11-2-92 Minooka, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Peotone Bancorp, Inc. FR - 11-2-92 Peotone, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Rock River Bancorporation FR - 11-2-92 Oregon, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Southwest Bancorp, Inc. FR - 11-2-92 Worth, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Terrapin Bancorp, Inc. FR - 11-2-92 Elizabeth, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Y-4 Westbanco, Inc. FR - 11-2-92 Westville, Illinois Arizona Reconstruction Finance Company, L.L.C. Worth, Illinois Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only (Continued ) Comment Period Ending Date Type Application 4(c)(8) Comerica Incorporated Detroit, Michigan William Street Apartments Limited Partnership Ann Arbor, Michigan FR - 11-19-92 4(c)(8) Irwin Financial Corporation Columbus, Indiana Irwin Union Securities, Inc. Columbus, Indiana FR - 11-27-92 4(c)(8) Edgemark Financial Corporation Chicago, Illinois Edgemark Financial Services, Inc. Countryside, Illinois FR - 11-6-92 Y-4 FBOP Corporation Oak Park, Illinois Fairfield Financial Corporation Oak Park, Illinois FR - 11-20-92 Y-4 First Michigan Bank Corporation Holland, Michigan FMB-Brokerage Services, Inc. Holland, Michigan FR - ** Y-4 Cole-Taylor Financial Group, Inc. Chicago, Illinois Centre Capital Funding Corp. Evanston, Illinois FR - ** Y-4 Northern Trust Corporation Chicago, Illinois Northern Futures Corporation Chicago, Illinois FR - ** 4(c)(8) Citizens Financial Corporation FR - ** Fort Atkinson, Wisconsin To purchase loan participation certificates from their subsidiary Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only lContinued) Comment Period Ending Date Type Application 4(c)(8) Cole-Taylor Financial Group, Inc. Northbrook, Illinois Cole Taylor Life Insurance Company, Inc. Wheeling, Illinois FR - 4(c) (8) Cole-Taylor Financial Group, Inc. Northbrook, Illinois Cole Taylor Finance Company, Inc. Wheeling, Illinois FR - ** 4(c)(8) Denmark Bancshares, Inc. Denmark, Wisconsin L. McDonald Insurance Agency, Inc. Denmark, Wisconsin FR - ** 4(c)(8) Marshall & Ilsley Corporation Milwaukee, Wisconsin M&I Capital Markets Group, Inc. Milwaukee, Wisconsin FR - ** 4(c)(8) Citizens Bankshares, Inc. Shawano, Wisconsin Wisconsin Finance Corporation Shawano, Wisconsin FR - ** Y-4 Merchants and Manufacturers Bancorporation, Inc. Greendale, Wisconsin Lincoln Savings Bank, S.A. Milwaukee, Wisconsin FR * * Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Wingo, Ltd. Brooklyn, Iowa To redeem 10,469 shares of common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time A VA ILA B ILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending November 06, 1992. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. EXAMINATION DATE BANK NAME/LOCATION RATINGS -The Kingston State Bank 5854 State Street Kingston, Michigan 48741 (517) 683-2287 7/27/92 S -Green Lake State Bank 515 Hill Street Green Lake, Wisconsin (414) 294-339 7/27/92 S 8/03/92 S 8/10/92 S 54941 -The First State Bank 101 West Center Street Bourbon, Indiana 46504 (219) 342-2415 The Commercial Trust & Savings Bank 600 Lake Avenue, Drawer 578 Storm Lake, Iowa 50588 (712) 732-2190 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING NOVEMBER 6, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period * Section 18(c) application by UniSouth Banking Corporation, Columbus, Mississippi to merge with UniSouth Interim Banking Corporation, Columbus, Mississippi 10-23-92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(3) application by GAB Bancorp, Jasper, Indiana to acquire Unibancorp, Loogootee, Indiana Newspaper: 11-30-92 * Section 3(a)(1) application by UniSouth Capital Corporation, Columbus, Mississippi to acquire UniSouth Banking Corporation, Columbus, Mississippi Not yet available Change in control notification involving Poplar Bluff Bancshares, Inc., Poplar Bluff, Missouri by Norma Lee McLane Federal Register: 11-30-92 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 MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Endincr Date Apdication None. Section II - Applications Subject to Both Newspaper and Federal Register Notice ApDlication Citizens Bancshares of Woodville, Inc. Woodville, WI To acquire, via merger, 100% of Elmwood Financial Services, Inc., Elmwood, WI* Comment Period Ending Date 11-27-92 (Federal Register) Philip A. Keithahn To increase his ownership interest to 29.84% of Gaylord Bancorporation, Ltd., Gaylord, MN* 11-23-92 (Newspaper) First National Bank of Sauk Centre Retirement Savings Plan and Trust Sauk Centre, MN To increase its ownership interest from 25.15% to 27.94% of Sauk Centre Financial Services, Inc., Sauk Centre, MN* 11-30-92 (Newspaper) Charles Wangensteen To increase his control from 9.99% to 10.00% of Chisholm Bancshares, Inc., Chisholm, MN* Not yet available First Wilton Bancshares, Ltd. Wilton, ND To acquire 88% of the voting shares of First State Bank of Wilton, Wilton, ND* Not yet available Paul A. Sabatine To increase his ownership interest from 9.22% to 10.16% of Superior Financial Corporation, Sault Ste. Marie, MI* 11-19-92 (Federal Register) ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Application Charles R. Celania, Harold R. Wanke, and Otto Baltrusch To increase their combined ownership from 13.96% to 25.17% of the First Security Bank of Havre, Havre, MT* Not yet available Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Wishek Bancorporation, Inc. Wishek, ND To engage de novo in making and servicing loans. 11-23-92 Marquette Bancshares, Inc. Mpls, MN To engage de novo in furnishing employee benefit services to third parties. Not yet available Ormsby Bancshares, Inc. Ormsby, MN To engage de novo in making and servicing loans. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Superior Financial Corporation Sault Ste. Marie, MI To redeem 9.22% of its voting shares. Sauk Centre Financial Services, Inc. Sauk Centre, MN To redeem 10% of its voting shares. ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending November 6, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK(S ) EXAMINED 1st United Bank of Sidney 120 Second Avenue NW P. 0. Box 1448 Sidney, MT 59270 (406) 482-3212 DATE OF EXAMINATION July 27, 1992 CRA RATING Satisfactory Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE First United Bank, Aurora, Colorado, for prior approval to establish a branch in Parker, Colorado. Not Available Citizens National Bank & Trust of Muskogee, Muskogee, Oklahoma, for prior approval for membership in the Federal Reserve System. Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Jerome N. Heim, Hoxie, Kansas, for prior approval to increase ownership 2.54 percent to 27.50 percent, Jon W. Pope and Lois A. Madison, Hoxie, Kansas, for prior approval to acquire 41.49 percent of the voting shares in Northwest Bancshares, Inc., Rexford, Kansas. Not Available Fourth Financial Corporation, Wichita, Kansas, for prior approval to acquire 100 percent of the voting shares of Southgate Banking Corporation, Prairie Village, Kansas.* Not Available FirstBank Holding Company Employee Stock Ownership Plan, Lakewood, Colorado, for prior approval to acquire 100 percent of the voting shares of FirstBank Holding Company of California, Lakewood, Colorado.* Not Available FirstBank Holding Company of Colorado, Lakewood, Colorado, for prior approval to acquire 100 percent of the voting shares of FirstBank Holding Company of California, Lakewood, Colorado.* Not Available Omnibancorp, Denver, Colorado, for prior approval to acquire 100 percent of the common stock of Met-State Corporation, Kansas City, Missouri.* Not Available Federal Reserve Bank of Kansas City James F. O'Neal, Lamar, Missouri, for prior approval to increase ownership interest in Lamar Trust Bancshares Company, Lamar, Missouri, by 27.82 percent to 51.71 percent. Not Available Judy Svajgr, Christopher Smith, and Virginia M. Olson, all of Cozad, Nebraska, for prior approval to increase their proportionate ownership interest in Midwest Banco Corporation, Cozad, Nebraska, by 16.67 percent to 33.33 percent. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Fourth Financial Corporation, Wichita, Kansas, for prior approval to acquire and merge with Southgate Banking Corporation, Prairie Village, Kansas. COMMENT PERIOD ENDING DATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Northwest Bancshares, Inc., Rexford, Kansas, for prior approval to redeem 64,730 shares of its own voting common stock. Not Available Midwest Banco Nebraska, for redeem 57,726 voting common Not Available Corporation, Cozad, prior approval to shares of its own stock. Federal Reserve Bank of Kansas City SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location None. Exam Date *Application is subject to CRA. CRA Public Date CRA Rating * FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF NOVEMBER 2, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION* ** NOTICE EXP Change in Control Notice by Randy L. Ewing, Quitman, LA; John C. Shealy; David G. Darland; and Joe C. Mitcham, Jr., Ruston, LA, to acquire an interest in American National Bancshares, Inc., Ruston, LA (Previously reported during the week of 10-12-92) 92/11/03 Change in Control Notice by David M. Cox, Ennis, TX, to acquire an interest in First National Bancorporation of Ennis, Inc., Ennis, TX N/A Change in Control Notice by Fred Ronnie Myrick, Monroe, LA, to acquire an interest in First Capital Bancorp, Inc., Delhi, LA N/A *Section 3(a)(1) application by The Country Bancshares, Inc., Charlotte. TX, to acquire The Country Bank, Charlotte, TX 92/10/16 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Lamar Bancorporation, Inc., Paris, TX, to redeem 543,472 shares of its preferred stock (Filed 10-29-92)* * 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 2, 1992 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 lowand 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 Date of Examination CRA Rating Alief Alamo Bank 12300 Bellaire Blvd P. 0. Box 721680 Houston, TX 77272 92/08/03 Satisfactory Wellington State Bank 1000 Eighth St. P. 0. Box 1032 Wellington, TX 79095 92/07/27 Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 11/06/92 Section I - Applications Sub.iect to Newspaper Notice Only A d d Iication Comment Period Ending Date None Section II - Ad d Iications Sub.iect to Both NewsDaDer and Federal Register Notice Ending Date A d d I ication Comment Period First Community Financial Group, Lacey, Washington, to acquire Citizens First Bank, Elma, Washington. * NewsDaDer: 11/27/92 Fed. Reg.: 11/30/92 Richard Demerjian, Montebello, California, to retroactively acquire an additional .2 percent of Combancorp, Montebello, Calfornia, which will increase his ownership to 10.01 percent. NewsDaDer: 11/18/92 Fed. Reg.: 11/23/92 Section III - Applications Sub.iect to Federal Register Notice Only A d d I ication Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) Week ending 11/06/92 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending November 6, 1992. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Verdugo Banking Company 500 North Brand Blvd. Glendale, CA 91203 Tel: (818) 549-1000 07/20/92 Needs to Improve Garfield Bank 2417 W. Whittier Blvd. Montebello, CA 90640 Tel: (213) 726-1411 07/27/92 Satisfactory Examination Date Rating* * Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors
@FedFRASER