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ANNOUNCEMENT H.2, 1 9 9 1 , No. 42 A c t i o n s of th e B o a r d , its Staff, and the Fede r a l R e s e r v e Banks; 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 g y r i n g the W e e k E n d i n g O c t o b e r 19, 1991 [ B O A R D OF G O V E B N p R & C H OF T H E FEDERAL RESERVE SYSTEM ftn j S ”1 ACTIONS TAKEN BYf § O I ^ ^ D^i)VERNORS BANK HOLDING COMPANIES Royal Bank of Canada, Montreal, Canada — exemption for authority to acquire McNeil, Mantha (U.S.A.) Corp. and Sharpe Securities, New York, New York, and to engage indirectly in securities activities in the United States. Granted, October 15, 1991. ENFORCEMENT FWB Bancorporation, Rockville, Maryland — written agreement dated October 10, 1991, with the Federal Reserve Bank of Richmond and the Bank Commissioner of the State of Maryland. Announced, October 18, 1991. Oppegard Agency, Inc., Dilworth, Minnesota — order of assessment of civil money penalty; and order of removal and prohibition against Rudell M. Oppegard. Authorized, October 15, 1991. Pioneer Bank, Fullerton, California — written agreement dated October 4, 1991, with the Federal Reserve Bank of San Francisco. Announced, October 16, 1991. REGULATIONS AND POLICIES Food coupons — use of statistical sampling for verification of $1, $5, and $10 coupons. Approved, October 15, 1991. H .2 OCTOBER 15, 1991 PAGE 2 TO OCTOBER 18, 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 Minneapolis First Security Bank of Missoula, Missoula, Montana — to establish a branch at 541 East Broadway. Approved, October 16, 1991. San Francisco Humboldt Bank, Eureka, California — to establish a branch at 1201 Main Street, Fortuna, California. Approved, October 17, 1991. Chicago Marine Bank of Bloomington - Normal, Bloomington, Illinois — to establish an offsite electronic facility at 1101 North Main Street, Normal, Illinois. Approved, October 17, 1991. Secretary Meridian Bank, Reading, Pennsylvania — to establish a remote service facility at ACME Market, Cain Village Shopping Center, 3951 Lincoln Highway, Dowingtown, Pennsylvania. Approved, October 17, 1991. Richmond South Boston Bank, South Boston, Virginia — establish a branch at 222 Main Street. Approved, October 16, 1991. Atlanta Sovran Bank/Tennessee, Nashville, Tennessee — to establish an automatic teller machine at Chattanooga State Technical Community College, 4501 Amnicola Highway, Chattanooga, Tennessee. Approved, October 17, 1991. San Francisco Valley Bank of Nevada, Las Vegas, Nevada — to establish a branch at 7571 West Lake Mead. Approved, October 17, 1991. San Francisco Valley Bank of Nevada, Las Vegas, Nevada — to establish a branch at 1801 South Rainbow. Approved, October 17, 1991. to H .2 OCTOBER 15, 1991 PAGE 3 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond Carolina First BancShares, Inc., Lincolnton, North Carolina — to acquire Cabarrus Savings Bank, Inc., Concord, North Carolina. •Approved, October 17, 1991. Richmond Carolina First Corporation, Greenville, South Carolina — to acquire four Myrtle Beach, South Carolina, branches of The First Savings Bank, F.S.B., Greenville, South Carolina, through First Federal Savings and Loan Association of Georgetown, Georgetown, South Carolina. Approved, October 16, 1991. S t . Louis Dawson Springs Bancorp, Inc., Maysville, Kentucky — to acquire Citizens Bank of Albany, Albany, Kentucky. Returned, October 18, 1991. Atlanta Evergreen Bancshares, Inc., Tallahassee, Florida — proposal to establish Evergreen Interim Savings Bank, which was being formed to acquire certain assets and assume certain liabilities of the Tallahassee branch of Anchor Savings Bank, F.S.B., Hewlett, New York, and to facilitate the merger of that branch into Guaranty National Bank of Tallahassee. Approved, October 16, 1991. Atlanta First Financial Corporation, Mount Juliet, Tennessee — to acquire First Bank and Trust. Approved, October 17, 1991. Cleveland First Southern Bancorp, Inc., Stanford, Kentucky — to purchase certain assets and assume certain liabilities of The Cumberland Savings Bank, Louisville, Kentucky. Returned, October 17, 1991. Atlanta First State Corporation, Albany, Georgia — proposal to establish Randolph County Savings Association of Cuthbert, Cuthbert, Georgia, which was being formed to acquire certain assets and assume certain liabilities of Randolph County Federal Savings and Loan Association, and to facilitate its merger into First State Bank & Trust Company, Albany, Georgia. Approved, October 15, 1991. H.2 OCTOBER 15, 1991 PAGE 4 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis First Tennessee Corporation, Memphis, Tennessee — to acquire First Tennessee Bank National Association Mississippi, Southhaven, Mississippi, which was being formed to purchase certain assets and assume deposit liabilities of Mercantile Federal Savings Bank. Approved, October 18, 1991. Dallas Flower Mound Bancshares, Inc., Flower Mound, Texas — to acquire Security Bank. Approved, October 18, 1991. S t . Louis Mercantile Bancorporation, Inc., St. Louis, Missouri — to acquire Old National Bancshares, Inc., Centralia, Illinois. Approved, October 18, 1991. Minneapolis Montana Bancsystem, Inc., Billings, Montana — to acquire Tillit Insurance Agency, Inc., Forsyth, Montana. Approved, October 16, 1991. Richmond One Valley Bancorp of West Virginia, Inc., Charleston, West Virginia — proposal that four of its bank subsidiaries purchase the assets and assume the liabilities of OVB Phantom Thrift, which was being established to acquire certain assets and assume certain liabilities of Atlantic Financial Federal - West Virginia. Approved, October 18, 1991. S t . Louis Tate Financial Corporation, Coldwater, Mississippi — to acquire Senatobia Bank, Senatobia, Mississippi. Approved, October 18, 1991. New York Valley National Bancorp, Clifton, New Jersey — proposal that Valley National Bank, Passaic, New Jersey, purchase the assets and assume the liabilities of VNB Interim Five, FSA, Wayne, New Jersey, which has been established to acquire certain assets and assume certain liabilities of six branches of Yorkwood Federal Savings & Loan Association, Warren, New Jersey. Approved, October 18, 1991. H .2 OCTOBER 15, 1991 PAGE 5 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City Colorado Bank and Trust Company, La Junta, Colorado — investment in bank premises. Approved, October 18, 1991. CAPITAL STOCK Minneapolis Financial Services of Lowry, Inc., Lowry, Minnesota — redemption of shares. Approved, October 17, 1991. Chicago Security Bancorp, Stanton, Iowa — shares. Returned, October 16, 1991. c redemption of CHANGE IN BANK CONTROL Dallas EastPark Bancshares, Inc., Dallas, Texas — bank control. Permitted, October 18, 1991. Minneapolis Mower Agency, Inc., Austin, Minnesota — bank control. Returned, October 15, 1991. change in change in COMPETITIVE FACTORS REPORTS San Francisco Bank of the Pacific, Long Beach, Washington, proposed purchase of assets and assumption of liabilities of the Cathlamet branch of Columbia Savings Bank, A Federal Savings Bank, Longview, Washington — report on competitive factors. Submitted, October 16, 1991. Chicago Busey Bank, Urbana, Illinois, proposed acquisition of assets and assumption of liabilities of Busey Interim Federal Savings and Loan Association — report on competitive factors. Submitted, October 17, 1991. Richmond Cabarrus Savings Bank, Inc., Concord, North Carolina, proposed merger with Carolina First Interim Savings Bank, Inc., Lincolnton, North Carolina — report on competitive factors. Submitted, October 16, 1991. H.2 OCTOBER 15, 1991 PAGE 6 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco California Federal Bank, FSB, Los Angeles, California, proposed assumption of deposit liabilities of the Ventura and Thousand Oaks, California, branches of Valley Federal Savings and Loan Association, Van Nuys, California — report on competitive factors. Submitted, October 15, 1991. Richmond Centreville National Bank of Maryland, Centreville, Maryland, proposed acquisition of the Hillsboro office of Signet Bank/Maryland, Baltimore, Maryland — report on competitive factors. Submitted, October 15, 1991. Atlanta Citizens Bank of Talladega, Talladega, Alabama, proposed purchase of certain assets and assumption of certain liabilities of the Talladega branch of AmSouth Bank, N.A., Birmingham, Alabama — report on competitive factors. Submitted, October 15, 1991. Dallas Citizens National Bank of Henderson, Henderson, Texas, proposed merger with Merchants State Bank, Mount Enterprise, Texas — report on competitive factors. Submitted, October 16, 1991. San Francisco Columbia Savings Bank, A Federal Savings Bank, Longview, Washington, proposed purchase of assets and assumption of liabilities of the Woodland branch of Columbia National Bank — report on compet it ive factors. Submitted, October 16, 1991. Chicago Cresco Union Savings Bank, Cresco, Iowa, proposed merger with Exchange State Bank, Lime Springs, Iowa — report on competitive factors. Submitted, October 15, 1991. H.2 OCTOBER 15, 1991 PAGE 7 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Farmers and Merchants Bank of Hagerstown, Hagerstown, Maryland, proposed purchase of certain assets and assumption of deposit liabilities of four offices of Sovran Bank/Maryland, Bethesda, Maryland — report on competitive factors. Submitted, October 15, 1991. Kansas City Farmers State Bank, Weeping Water, Nebraska, proposed merger with Farmers State Bank, Avoca, Nebraska — report on competitive factors. Submitted, October 17, 1991. Atlanta First Alabama Bank, Montgomery, Alabama, proposed purchase of certain assets and assumption of certain liabilities of Lake Federal Savings Bank, Pell City, Alabama — report on competitive factors. Submitted, October 15, 1991. Richmond First Bank of Ceredo, Ceredo, West Virginia, proposed merger with First National Bank of Kenova, Kenova, West Virginia — report on competitive factors. Submitted, October 16, 1991. Kansas City First National Bank and Trust Company, Frederick, Oklahoma, proposed merger with First National Bank in Hobart, Hobart, Oklahoma — report on competitive factors. Submitted, October 16, 1991. San Francisco Home Savings of America, A Federal Savings Bank, Irwindale, California, proposed purchase of assets and assumption of liabilities of the Laguna Niguel and Westminster, California, branches of Republic Federal Savings and Loan Association, Altadena, California — report on competitive factors. Submitted, October 16, 1991. Cleveland Mellon Bank, N.A., Pittsburgh, Pennsylvania, proposed merger with United Penn Bank, Wilkes-Barre, Pennsylvania — report on competitive factors. Submitted, October 17, 1991. H.2 OCTOBER 15, 1991 PAGE 8 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City 9 MidAmerican Bank and Trust Company, Overland Park, Kansas, proposed merger with Kaw Valley Bank, Kansas City, Kansas — report on competitive factors. Submitted, October 16, 1991. San Francisco Northern Trust of California, National Association, Santa Barbara, California, proposed purchase of the assets relating to the trust business of Trust Services of America, Inc., Los Angeles, California — report on competitive factors. Submitted, October 16, 1991. Cleveland Peoples Banking and Trust Company, Marietta, Ohio, proposed purchase of assets and assumption of liabilities of the Middleport, Ohio, branch of The Central Trust Company, N.A., Cincinnati, Ohio — report on competitive factors. Submitted, October 17, 1991. San Francisco Quaker City Federal Savings and Loan Association, Whittier, California, proposed purchase of certain assets and assumption of certain liabilities of the Hacienda Heights branch of Republic Federal Savings and Loan Association, Altadena, California — report on competitive factors. Submitted, October 16, 1991. Cleveland Society National Bank, Cleveland, Ohio, proposed merger with Society Bank, N.A., Dayton, Ohio — report on competitive factors. Submitted, October 17, 1991. EXTENSIONS OF TIME Atlanta Citizens National Corporation, Naples, Florida — extension to January 28, 1992, to acquire Citizens National Bank of Naples. Granted, October 18, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, October 17, 1991. H.2 OCTOBER 15, 1991 PAGE 9 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago High Point Financial Services, Inc., Forreston, Illinois — extension to January 15, 1992, to acquire Forreston State Bank. Granted, October 16, 1991. San Francisco Security Pacific Corporation, Los Angeles, California — extensions to divest certain property. Granted, October 17, 1991. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to February 7, 1992, to acquire additional shares of Peoples Bank of Lakeland, Lakeland, Florida. Granted, October 18, 1991. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to January 27, 1992, to acquire shares of BHC Holdings, Inc., Philadelphia? Pennsylvania, and to engage in securities brokerage acticities. Granted, October 18, 1991. S t . Louis United Community Bancorp, Inc., Greenfield, Illinois — extension to November 29, 1991, to acquire Roosevelt Interim Federal Savings Bank, Gillespie, Illinois. Granted, October 17, 1991. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Dallas — to transfer equipment from Dallas to San Antonio and to purchase other equipment in support of check processing function at San Antonio. Approved, October 17, 1991. Director, FRBO Federal Reserve Bank of Kansas City — the 916 McGee Street Building. Approved, October 18, 1991. Director, FRBO Federal Reserve Bank of New York — to complete repair of the exterior facade of the Annex Building. Approved, October 15, 1991. renovation of H.2 OCTOBER 15, 1991 PAGE 10 TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of St. Louis — consulting services to renovate third floor of Bank. Approved, October 17, 1991. H.2 OCTOBER 15, 1991 PAGE 11 ADDITIONS AND CORRECTIONS TO OCTOBER 18, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS New York Banco Popular de Puerto Rico, Hato Rey, Puerto Rico — to purchase certain assets and assume certain liabilities of The New York Capital Bank, N.A., New York, New York, and to establish a branch incident thereto. Approved, August 13, 1991. CHANGE IN BANK CONTROL Kansas City NKC Bancshares, Inc., North Kansas City, Missouri — change in bank control. Permitted, October 11, 1991. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS S E C T I O N I - A P P L I C A T I O N S SU B J E C T TO NEWSPAPER NOTICE ONLY C o m m e n t P e r i o d E n d i n g Dat e Application NONE S E C T I O N II - A P P L I C A T I O N S SU B J E C T TO B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R N O T I C E ONL Y Application C o m m e n t P e r i o d E n d i n g D ate NONE S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE S E C T I O N V ~ A V A I L A B I L I T Y OF C R A P U B L I C E V A L U A T I O N S Institution E x a m i n a t i o n Dat e NONE Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________Notice Only_________ The Bank of New York, New York, New York to establish a branch at Route 22, Town of Southeast, New York.l/ 11/14/91 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Manufacturers Hanover Corporation, New York, New York to merge into Chemical Banking Corporation, New York, New York or, in the alternative, into CBC Sub Corporation; Manufacturers Hanover Trust Company, New York, New York to merge into Chemical Bank, New York, New York; Chemical Banking Corporation to acquire the nonbanking subsidiaries of Manufacturers Hanover Corporation.1/ 11/22/91 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Long-Term Credit Bank of Japan, Limited, Tokyo, Japan to acquire 95.5 percent of the voting shares of Peers Holdings Inc. and thereby to engage in financia. advisory and real estate related advisory activities. N/A KeyCorp, Albany, New York to engage de novo through i z s wholly-owned subsidiary, NCB Properties, Inc., in making arid servicing loans and operating a collection agency. 10/31/91 SECTION IV Applications Not Involving ______ Public Comment______ None. Availability of CRA Public Evaluations Week E n d i m October 19. 1991 NAME OF BANK 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. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE 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 Mid Penn Bancorp, Inc., Millersburg, PA seeks 1/ approval to become a bank holding company by acquiring 100% of Mid Penn Bank, Millersburg, PA, pursuant to Section 3(a)(1) of the Bank Holding Company Act. Newspaper: Federal Register: 11/8/91 11/14/91 Farmers National Bancorp, Inc.. Newville, PA 1/ seeks approval to become a bank holding company by acquiring 100% of The Farmers National Bank of Newville, Newville, PA, pursuant to Section 3(a)(1) of the Bank Holding Company Act. 11/13/91 11/12/91 Newspaper: Federal Register: 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 10/18/91 Institutions Examination Date None. Applications Bulletin For Week Ending October 19/ 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY R e c e i v e d a p p l i c a t i o n on O c t o b e r 15, 1991, from Citizens Commercial Bank & Trust Company, Celina, Ohio, for p e r m i s s i o n to e s t a b l i s h a b r a n c h at 225 N o r t h M a i n Street, Celina, O h i o , * N o t Yet K n o w n # SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d a p p l i c a t i o n from L o r a i n C o u n t y Bank, Elyria, Ohio, on O c t o b e r 18, 1991, to a c q u i r e the G r e e n w i c h and Shiloh, Ohio, b r a n c h e s of S o c i e t y B a n k and Trust, Toledo, Ohio, p u r s u a n t to S e c t i o n 18(c) of the Fede r a l D e p o s i t I n s u r a n c e Act. SECTION I I I * N o t Yet K n o w n # - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY N ONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t on O c t o b e r 18, 1991, fro m L o r a i n C o u n t y Bank, Elyria, Ohio, for p e r m i s s i o n to e x c e e d its limit of i n v e s t m e n t in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 24A of the Fede r a l R e s e r v e Act. * N F # - S u b j e c t to C R A Newspaper Comment Period Federal Register Comment Period E x p e c t e d to end a p p r o x i m a t e l y 30 days f r o m t h e d a t e of r e c e i p t of the application. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date F & M Bank-Massanutten, Virginia, application for membership in the Federal Reserve System.* 11-12-91 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 ffotice Application None. ^Application is subject to CRA. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending October 18, 1991 Examination Date____ Clifton Trust Bank 10112 York Road Cockeysville, Maryland 21030 8-19-91 F e d e r a l R e s e r v e g a q fc _9 f J^tlailt a A p p l i cations B u l l e t i n for Wee k Ending Oct o b e r 18. 1991 S e c t i o n 1 - A p p l i c a t i o n s S u bject to N e w s p a p e r N o t i c e O n l y Application C o m m e n t P e r i o d E n d i n g Date None. Section 2 - Applications Subject To Both N e w s p a p e r and Federal R e g i s t e r N o t i c e Application Finan c i a l I n v e s t o r s of the South, Birmingham, A l a b a m a 1-BHC formation, B a n k of Alabama, Alabama, a sta t e m e m b e r bank. C o m m e n t P e r i o d E n d i n g Date Inc. Not y e t a v a i l a b l e * Fultondale, Georgia Bank Financial Corporation A u g u s t a , Georgia 1 -BHC formation, G e o r g i a B a n k & T rust C o m p a n y of Augusta, Augusta, Georgia. Not yet available* S u n T r u s t Banks, Inc. A t l a n t a , Geor g i a To i ncrease its d i rect o w n e r s h i p of Florida W e s t c o a s t Banks, Inc., Venice, Fl o r i d a from 14.46 p e r c e n t to 100 percent, and t h e r e b y i n d i r e c t l y increase its o w n e r s h i p of F irst N a t i o n a l B a n k of Venice, Venice, Florida. Not yet available* M a n s u r a Bancshares, Inc. Mansura, L o u i s i a n a To m e r g e w i t h C o t t o n p o r t Bancshares, I n c . , Cottonport, Louisiana, and Ce n - L a Bancshares, I n c . , Harksville, Louisiana, and t h e r e b y d i r e c t l y a c q u i r e C o t t o n p o r t Bancshares' s u b s i d i a r y bank, C o t t o n p o r t Bank, Cottonport, Louisiana, and Ce n - L a Bancshares' s u b s i d i a r y bank, Cent r a l L o u i s i a n a B a n k & T r u s t Company, Harksville, Louisiana, Not yet available* ♦ S u b j e c t t o P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t 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 Bu l l e t i n for W e e k E nding O c t o b e r 18. 1991 S e c t i o n 3 - A p p l i c a t i o n s S u b j e c t to Fe d e r a l R e g i s t e r N o t i c e O n l y Application C o m m e n t P e r i o d E n d i n g D ate Summit Bank Corporation Atlanta, G e o r g i a To e s t a b l i s h S u mmit Interim, FSB, Atlanta, G e o r g i a (Interim B a n k ) , to a c q u i r e a s sets and liab i l i t i e s of t h e Tucker, Georgia, b r a n c h of Tu c k e r Fe d e r a l S avings and L o a n Association, p u r s u a n t to S e c t i o n 4(c)(8) of the Ban k H o l d i n g C o m p a n y A c t and the Oak a r A m e n d m e n t of FIRREA. Not yet available* S e c t i o n 4 - A p p l i c a t i o n s N o t Su b j e c t to Fe d e r a l R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e Application Smo k y M o u n t a i n Bancorp, Inc. G a t 1 inburg, T e n n e s s e e To r e d e e m 83,100 shares of its o u t s t a n d i n g c o m m o n stock. Se c t i o n 10 - A v a i l a b i l i t y of C R A P u b l i c E v a l u a t i o n s The C R A p u b l i c e v a l u a t i o n s of the i n s t i t u t i o n s listed b e l o w b e c a m e a v a i l a b l e d u r i n g the w e e k e n d i n g O c t o b e r 18, 1991. Information a b o u t an i n s t i t u t i o n ' s C R A e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y fro m the institution. Bank Examination Date None. ♦ S u b j e c t to P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t Act. Federal Reserve Bank of Chicago Type Section I - Applications Subject to Newspaper Notice Only Garment Period finding D ate Application Merger/ Branch Old Kent Bank - Chicago Chicago, Illinois Old Kent Bank N.A. Elmhurst, Illinois 233 S. Wacker Drive Chicago, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 1 North 131 County Farm Road Winfield, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 1296 Rickert Drive Naperville, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 1500 N. Main Wheaton, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 1768 S. Blanchard Wheaton, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 200 Park Avenue Clarendon Hills, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 200 W. Main Street St. Charles, Illinois* N - 10-9-91 Branch Old Kent Bank - Chicago Chicago, Illinois 2020 E. Main Street St. Charles, Illinois* N - 10-9-91 Branch Old Rent Bank - Chicago Chicago, Illinois 24 S. Second Street St. Charles, Illinois* N - 10-9-91 Federal Reserve Bank of Chicago Type Section I - Applications Subject to Newspaper Notice Only Garment Period E n d in g nati=> Application Branch Old Kent Bank - Chicago Chicago, Illinois 2701 Algonquin Road Rolling Meadcws, Illinois* N - 10-9-91 Branch Old Rent Bank - Chicago Chicago, Illinois 500 Park Boulevard, Suite 185 Itasca, Illinois* N - 10-9-91 Branch Old Rent Bank - Chicago Chicago, Illinois 6320 S. Cass Avenue Westmont, Illinois* N - 10-9-91 Branch Old Rent Bank - Chicago Chicago, Illinois 700 S. Randall Road St. Charles, Illinois* N - 10-9-91 Branch 1st Source Bank South Baid, Indiana Pilgrim Place Mall, 500 North Oak Road Plymouth, Indiana* N - 10-16-91 EFT Davenport Bank and Trust Company Davenport, Iowa Duck Creek Plaza Mall 852 Middle Road Bettendorf, Icwa* N - ** Type Y-2 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period E n d in g D a te Application BW3 Bancorporation West Des Moines, Icwa W. D. K. Bancorporation West Des Moines, Iowa Liberty Bank & Trust Palmer, Iowa* FR - 10-29-91 N - 10-21-91 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspape Register Notice Continued and Federal Cotrment Period End in g n a t e Type Application Y-2 Heritage Financial Services, Inc. Blue Island, Illinois Country Club Bancorporation, Inc. Country Club Hills, Illinois 1st Heritage Bank Country Club Hills, Illinois* FR - 10-29-91 N - 10-25-91 Y-2 First Neighborhood Bancshares, Inc. Toledo, Illinois Greenup National Carp. Belleville, Illinois The Greenup National Bank Greenup, Illinois* FR - 10-31-91 N - 10-28-91 Y-2 Prairie Bancorp, Inc. Manlius, Illinois Fanners State Bank of Ferris Ferris, Illinois* FR - ** N - 10-18-91 Y-2 NBD Bancorp, Inc. Detroit, Michigan Gainer Corporation Merrillville, Indiana Gainer Bank, National Association Gary, Indiana* FR - ** N - ** Y-l NBD Indiana, Inc. Detroit, Michigan Gainer Corporation Merrillville, Indiana Gainer Bank, National Association Gary, Indiana* FR - ** N - ** Y—1 Nichols Bancorp, Inc. Nichols, Wisconsin State Bank of Nichols Nichols, Wisconsin* FR - 9-27-91 N - ** Y-l Pyramid Bancorp, Inc. Grafton, Wisconsin Grafton State Bank Grafton, Wisconsin* FR - ** N - ** Y-2 Granville Banc shares, Inc. Granville, Illinois The Whaples and Fanners State Bank Neponset, Illinois* FR - 10-29-91 N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 First Busey Corporation FR - 10-31-91 Urbana, Illinois St. Joseph and Urbana branches of Citizens Federal Bank, F.S.B., Urbana, Illinois First Busey Inteirm Federal Savings and loan Association Urbana, Illinois Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Dunlap Corporation Slater, Icwa To Redeem 179.25 shares of voting common stock RoS Valley Bancshares, Inc. Mapleton, Icwa To redeem 2,013 shares from James G. Whiting Estate (in violation) N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS Hie 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 October 18, 1991. BANK NAME /LOCATION -Clear Lake Bank and Trust Company 322 Main Street Clear Lake, Iowa 50428 EXAMINATION DATE 7/08/91 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING OCTOBER 18, 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 None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) application by Wes-Tenn Bancorp, Inc., Covington, Tennessee to acquire Tri-County Federal Savings Bank, Covington, Tennessee Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None. This application is subject to CRA. Federal Reserve Bank of St. Louis FOR THE WEEK ENDING October 18, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name None Bank Address Examination Date FEDERAL RESERVE BANK OF MINNEAPOLIS S e c t i o n I - A p p l i c a t i o n s Su b j e c t to N e w s p a p e r N o t i c e Onl y Comment Period E n d i n a D ate Application Security Bank Minnesota Albert L e a , MN T o r e l o c a t e a b r a n c h in Austin, M N Not yet available S e c t i o n II - A p p l i c a t i o n s S u b j e c t to Bot h N e w s p a p e r and Federal R e g i s t e r N o t i c e Application Comment Period Endinct D a t e P r a i r i e Bancshares, Inc. L e s t e r Prairie, M N To a c q u i r e 100% of Silver Lake Bancorporation, I n c . , Silver Lake, M i n n esota, a obhc o w n i n g the C i t i z e n s State B a n k of Silver Lake, S i l v e r Lake, MN* Not y e t a v a i l a b l e W a b a s s o Bancshares, Inc. Wabasso, M N To a c q u i r e 100% of W a b a s s o State B a n k Wabasso, MN* Not yet available Charles Robasse To i n c r e a s e his o w n e r s h i p interest f r o m 21.5% to 25.9% of W a b a s s o Bancshares, I n c . , Wabasso, M N Not yet available Gary Marshik To inc r e a s e his o w n e r s h i p interest f r o m 15.76% to 20.0% of Can t o n Bancshares, Inc., Canton, SD (Retroactive) Not yet available * Su b j e c t to C R A FEDERAL RESERVE BANK OF MINNEAPOLIS S e c t i o n III - A p p l i c a t i o n s S u b j e c t to Fe d e r a l R e g i s t e r N o t i c e O n l y Comment Period Ending Date Application H o u g h t o n Financial, Inc. H o u g h t o n , MI To e n g a g e de n o v o in s e r v i c i n g loans. Not yet available Norwest Corporation Minneapolis, MN Through Crop Hail Management p r o p o s e s to a c q u i r e c e r t a i n a s s e t s of A l l i e d C r o p Agency, Inc., Des Moines, IA Not yet available S e c t i o n IV - A p p l i c a t i o n s N o t S u b j e c t to F e d e r a l R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e Application W a b a s s o Bancshares, Inc. Wabasso, M N To r e d e e m 16.7% of its v o t i n g a n d n o n v o t i n g shares. FEDERAL RESERVE BARK OF MINNEAPOLIS S e c t i o n V - A v a i l a b i l i t y of CRA Public Evaluations w e e k e n d i n g O c t o b e r 18, 1991 Bank Name/City/State Examination Date F u l t o n Sta t e B a n k Fulton, SD J u l y 29, 1991 (605) M a r q u e t t e B a n k N e w Pr a g u e N e w Prague, M N J u l y 29, 1991 ((612) Telephone # 996-5731 7 5 8 -4465 Federal Reserve Bank o f Kansas City S E C T I O N I ~ A P P L I C A T I O N S S U BJECT T O N E W S P A P E R N O T I C E O N L Y APPLICATION C i t y Center Bank of Colorado, Aurora, Colorado, for prior a pproval for m e m b e r s h i p in the Federal Reserve System. COMMENT PERIOD ENDING DATE Not A v a i l a b l e SE C T I O N II - A P P L I C A T I O N S SU B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE W e s t s t a r Bank, N.A., Bartlesville, Oklahoma, for prior approval to retain 17.62 percent own e r s h i p interest in First Bancshares, Inc., Ba r t l e s v i l l e , Oklahoma. Not A v a i l a b l e Mr. & Mrs. David D. S t e f f e n s m e i e r , and Mr. and Mrs. Douglas R. S t e f f e n s m e i e r , for prior approval to i ncrease their o w n e r s h i p interests in First Beemer Corporation, Beemer, Nebraska, from 26.7 percent to 33.7 percent, and from 27.6 percent to 31.1 percent, respectively. Not A v a i l a b l e C o w e t a Bancshares, Inc., Coweta, Oklahoma, for prior approval to b e c o m e a bank holding company through the a c q u i s i t i o n of 80 percent of the v o t i n g shares of Security Bank, Coweta, O k l a h o m a . * Not A v a i l a b l e S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R N O T I C E ONLY APPLICATION CO M M E N T P E R I O D E N D I N G D A T E None. S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O F E D E R A L R E G I S T E R N O T I C E OR N E W S P A P E R N O T I C E APPLICATION None Federal Reserve Bank o f Kansas City S E C T I O N V - A V A I L A B I L I T Y OF C R A P U BLIC E V A L U A T I O N S * BANK/LOCATION EXAMINATION DATE None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 14, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by The First National Bank of Artesia Employee Stock Ownership Plan, Artesia, NM, to acquire First Artesia Bancshares, Inc., Artesia, NM, and The First National Bank of Artesia, Artesia, NM 11/03/91 ♦Section 3(a)(3) application by Laredo National Bancshares, Inc., Laredo, TX, to acquire Southshares, Inc., Laredo, TX, and South Texas National Bank of Laredo, Laredo, TX 11/04/91 Change in Control Notice by Lacy J. Harber, Denison, TX, to acquire an interest in North American Bancshares, Inc., Sherman, TX N/A 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 SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF OCTOBER 14, 1991 Bank Texas State Bank P. 0. Box 4797 McAllen, Texas 78502* Date of Examination 07/22/91 * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/18/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Barnes Banking Co., Salt Lake City, Utah to to establish a branch office at 785 Industrial Drive, Layton, Utah. * Newspaper: Not availalbe Section II - Applications Subject to Both Newspaper and Federal Register Notice Melvin F. and Laura T. Bowler, St. George, Utah, to retroactively retain 10.23 percent of First Bankshares,- Irid., St. George, Utah. Newspaper: 10/18/91 Fed. Reg.: 10/07/91 Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution None * Subject to CRA Location Examination Date
@FedFRASER