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ANNOUNCEMENT B O A R D OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM H.2, 1993, No. 40 A c t i o n s of t h e Board, its Staff, and t h e F e d e r a l R e s e r v e Banks; A p p l i c a t i o n s a n d R e p o r t s Rece i v e d D u r i n g the W e e k E n d i n g O c t o b e r 2, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT Bosshard Banco, Ltd., Bangor, Wisconsin, and Jeff Gray, an institution-affiliated party -- issuance of an order of assessment of a civil money penalty. Announced, September 29, 1993. First Bank of Philadelphia, Philadelphia, Pennsylvania -- written agreement dated September 14, 1993, with the Federal Reserve Bank of Philadelphia.. Announced, September 29, 1993. United Mizrahi Bank, Ltd., Tel Aviv, Israel, and its branch in Los Angeles, California -- joint issuance by the Federal Reserve Board with the Federal Deposit Insurance Corporation and the Superintendent of Banks of the State of California of a cease and desist order, with the Federal Reserve Board also issuing an order of assessment of a civil money penalty against the United Mizrahi Bank. Announced, October 1, 1993. REGULATIONS AND POLICIES Section 20 subsidiaries -- quarterly table to adjust interest income for companies that adopt the Board's alternative index revenue test to measure compliance with the 10 percent limit on bank ineligible securities activities. Announced, September 30, 1993. RESERVE BANK OPERATIONS Directors -- appointment of Chairmen and Deputy Chairmen of the twelve Federal Reserve Banks for 1994. Announced, September 29, 1993. H.2 SEPTEMBER 27, 1993 PAGE 2 TO OCTOBER 1, 1993 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 New York Chemical Bank, New York, New York - - t o establish branches at Armored Motor Services of America, 6605 Joy Road, Dewitt; Armored Motor Services of America, 68 Ellicott Road, Cheektowaga; Armored Motor Services of America, 21 Railroad Avenue, Colonie; and Armored Motor Services of America, 1525 Scottsville Road, Chili, New York. Approved, September 30, 1993. Philadelphia Orrstown Bank, Orrstown, Pennsylvania - - t o establish a branch at Stonehedge Drive, Carlisle, Pennsylvania. Approved, September 27, 1993. San Francisco Western Security Bank, Scottsdale, Arizona -- to establish a branch at 7900 East Raintree Drive, Scottsdale, Arizona. Approved, September 30, 1993. BANK HOLDING COMPANIES Cleveland Banc One Corporation, Columbus, Ohio -- to engage de novo in permissible investment advisory activities through a subsidiary of Banc One Capital Corporation. Permitted, September 30, 1993. St. Louis Boatmen's Bancshares, Inc., St. Louis, Missouri, and FAB Acquisition Company -- to acquire First Amarillo Bancorporation, Inc., Amarillo, Texas. Approved, September 29, 1993. Richmond Centura Banks, Inc., Rocky Mount, North Carolina -to acquire Canton Interim Bank, Canton, North Carolina. Approved, September 29, 1993. Richmond Centura Banks, Inc., Rocky Mount, North Carolina -proposal that Centura Bank merge with Canton Interim Bank. Approved, September 29, 1993. H.2 SEPTEMBER 27, 1993 PAGE 3 TO OCTOBER 1, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Director, BS&R Deutsche Bank AG, Frankfurt, Federal Republic of Germany -- proposal to merge Deutsche Bank Capital Corporation and Deutsche Bank Government Securities, Inc., with its section 20 subsidiary, C.J. Lawrence Inc. Approved, September 30, 1993. Director, BS&R FCNB Corp, Frederick, Maryland -- transfer agent registration. Withdrawn, September 28, 1993. Cleveland Kentucky Bancshares Incorporated, Russell, Kentucky - to acquire Kentucky Bank & Trust Company of Greenup County. Approved, October 1, 1993. Minneapolis Klein Bancorporation, Inc., Chaska, Minnesota -- to acquire R.O.M. Financial Services, Inc., Chanhassen, Minnesota. Approved, September 28, 1993. Cleveland Mellon Bank Corporation, Pittsburgh, Pennsylvania -to acquire AFCO Credit Corporation, New York, New York. Withdrawn, September 30, 1993. St. Louis MNB Bancshares, Inc., Malvern, ‘Arkansas -- to acquire First Sheridan Bancshares, Inc., Sheridan, Arkansas. Approved, September 30, 1993. St. Louis MNB Bancshares Inc., Malvern, Arkansas -- to acquire First Sheridan Bancshares, Inc., Sheridan, Arkansas, and First National Bank of Sheridan. Approved, October 1, 1993. H.2 SEPTEMBER 27, 1993 PAGE 4 TO OCTOBER 1, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Director, BS&R NationsBank Corporation, Charlotte, North Carolina -proposal that NationsBanc Capital Markets, Inc., purchase the assets and assume the liabilities of the Primary Dealer Unit of Nations Bank of North Carolina, N.A. Approved, September 29,, 1993. Dallas Olney Bancorp of Delaware, Inc., Wilmington, Delaware -- to acquire Graham National Bank, Graham, Texas. Approved, September 28, 1993. Dallas Olney Bancshares, Inc., Olney, Texas -- to acquire Graham National Bank, Graham, Texas. Approved, September 28, 1993. Atlanta Peoples Holding Company, Inc-., Fort Walton Beach, Florida, and Liberty Interim, FSB, request for approval of acquisition by Liberty FSB of Peoples1 subsidiary, Liberty Bank of Fort Walton Beach. Approved, October 1, 1993. Philadelphia Public Finance Service, Inc., Bala Cynwyd, Pennsylvania - - t o acquire Public Savings Bank. Approved, September 27, 1993. Philadelphia Public Finance Service, Inc., Bala Cynwyd, Pennsylvania - - t o engage in consumer finance lending through Public Consumer Discount Company, Inc. Approved, September 27, 1993. New York Queens County Bancorp, Flushing, New York --to acquire Queens County Savings Bank. Approved, September 29, 1993. H.2 SEPTEMBER PAGE 5 21 ,1993 TO OCTOBER 1, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Security Bancorp of Delaware, Inc., Wilmington, Delaware -- to acquire Security National Bank, San Antonio, Texas. Approved, September 29, 1993. St. Louis Security Capital Corporation, Batesville, Mississippi -- to engage de novo in making loans. Permitted, September 30, 1993. Kansas City Sky Valley Bank Corporation, Alamosa, Colorado -- to engage in the sale of credit related insurance through a nonbank subsidiary. Returned, September 27, 1993. Dallas Texas Bank Holding Co., Inc., Wilmington, Delaware to acquire Texas Capital Bank, N .A ,, Houston , Texas. Approved, September 27, 1993. BANK MERGERS Richmond Centura Bank, Rocky Mount, North Carolina -- to merge with Canton Interim Bank, Canton, North Carolina. Approved, September 29, 1993. Richmond Triangle Bank and Trust Company, Raleigh, North Carolina -- to merge with New East Bank of Greenville, Greenville; New East Bank of New Bern, New Bern; New East Bank of Goldsboro, Goldsboro; New East Bank of Cape Fear, Fayetteville; and New East Bank of Albemarle, Elizabeth City, North Carolina. Approved, September 28, 1993. H.2 SEPTEMBER 27, 1993 PAGE 6 TO OCTOBER 1, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Atlanta Central Bank of the South, Birmingham, Alabama -investment in bank premises. Approved, September 27, 1993. New York Chemical Bank, New York, New York -- investment in bank premises. Approved, October 1, 1993. Kansas City Western Bank of Cody, Cody, Wyoming -- investment in bank premises. Approved, September 27, 1993. BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS Dallas Sunoco Credit Union, Houston, Texas -- registration statement. Withdrawn, October 1, 1993. CAPITAL STOCK Chicago Greatbanc, Inc., Aurora, Illinois shares. Returned, September 29, 1993. redemption of CHANGE IN BANK CONTROL Minneapolis Adams Bancshares, Inc., Adams, Minnesota -- change in bank control. Returned, September 29, 1993. COMPETITIVE FACTORS REPORTS Kansas City Bank of Oklahoma, N.A., Tulsa, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of the Edmond and Tulsa-Louisville branches of Heartland Federal Savings and Loan Association, Ponca City, Oklahoma -- report on competitive factors. Submitted, September 29, 1993. St. Louis Central Bank, Fairview Heights, Illinois, proposed merger with First National Bank of Highland, Highland, Illinois -- report on competitive factors. Submitted, September 27, 1993. H.2 SEPTEMBER 27, 1993 PAGE 7 TO OCTOBER 1, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Cullen / Frost Bank of Dallas, N.A., Dallas, Texas, proposed merger with Texas Commerce Bank, National Association, Dallas, Texas -- report on competitive factors. Submitted, September 29, 1993. Kansas City First National Bank and Trust Company, Ponca City, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of the Stillwater branch of Heartland Federal Savings and Loan Association, Ponca City, Oklahoma -- report on competitive factors. Submitted, September 29, 1993. Dallas Frost National Bank of San Antonio, San Antonio, Texas, proposed merger with Texas Commerce Bank, National Association, Corpus Christi, Texas -report on competitive factors. Submitted, September 27, 1993. San Francisco Key Bank of Oregon, Portland, Oregon, proposed merger with Jackson County Federal Bank, FSB, Medford, Oregon -- report on competitive factors. Submitted, September 29, 1993. Minneapolis Rochester Bank & Trust Company, Rochester, Minnesota, proposed merger with Security State Bank of Hammons, Hammons, Minnesota -- report on competitive factors. Submitted, September 28, 1993. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Atlanta -- request for consulting services to perform additional analysis for Bank's proposed new Head Office building. Approved, September 29, 1993. Director, FRBO Federal Reserve Bank of Atlanta --t o purchase computer equipment to support check processing operations in Atlanta. Approved, October 1, 1993. H.2 SEPTEMBER 27, 1993 PAGE 8 ADDITIONS AND CORRECTIONS TO OCTOBER 1, 1993 ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Huxley Bancorp, Huxley, Iowa -- to engage in lending activities through the participation in a 75-day overline with an unaffiliated bank. Returned, September 22, 1993. CAPITAL STOCK Boston Home Port Bancorp, Inc., Nantucket, Massachusetts redemption of shares. Withdrawn, September 23, 1993. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Lowell Sherwood - Notice of Change in Control to acquire up to 24.9% of UNITEDCORP, Bangor, Maine Newspaper Not Yet Established Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE * *Subject to CRA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦Rating Definitions : "O" - Outstanding; "S" - Satisfactory; Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE " 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 None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) MSB Bancorp, Inc., Goshen, New York, ("Bancorp") to engage through, MSB Financial Services, Inc., a wholly-owned subsidiary of Middletown Savings Bank, Middletown, New York ("Bank"), itself a subsidiary of Bancorp, in general insurance agency activities at the full service branch office of Bank in Chester, New York, a town with a population of less than 5,000 persons based on the last decennial census. 10/7/93 The Fuji Bank, Tokyo, Japan, to acquire through its indirect subsidiaries, Heller Premium Finance Inc. and Heller Premium Finance of California, Inc., certain assets of Imperial Premium Finance, Inc. (a Delware Corporation), Imperial Premium Finance, Inc. (a California Corporation), Imperial Premium Funding Corp., and Imperial Premium Financial Holding Corp., Sherman Oaks, California and thereby engage in insurance premium financing. 10/15/93 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 October 2, 1993 1/ 2./ 3J 4/ NAME OF BANK RATING EXAMINATION DATE Solvay Bank 1537 Milton Avenue Solvay, NY 13209 Satisfactory December 29, 1992 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 Laurel Bank, Ebensburg, PA requests approval to establish a branch office at Plank Road Commons, Altoona, PA, pursuant to Section 9 of the Federal Reserve Act. Newpaper comments period expires: 10/29/93 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Gloucester County Bankshares. Inc.. Woodbury, New Jersey, to form a bank holding company by acquiring 100% of the voting shares of The Bank of Gloucester County, Woodbury, New Jersey, pursuant to Section 3(a)(1) of the Bank Holding Company Act. Newspaper comment period expires: Fed. Reg. comment period expires: 10/24/93 N/A Keystone Financial, Inc., Harrisburg, Pennsylvania, to acquire Elmwood Bancorp, Inc., Media, Pennsylvania, a savings and loan holding company, whose principal subsidiary is Elmwood Federal Savings Bank. The application is filed pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25 (b)(9) of Regulation Y. Secretary Delegated. Newspaper comment period ends: Fed. Reg. Comment Period Expires: 11/2/93 N/A Keystone Financial. Inc.. Harrisburg, Pennsylvania, to acquire WM Bancorp, Cumberland, Maryland, pursuant to S 3(a)(5) the Bank Holding Company Act. Secretary Delegated. Newspaper comment period ends: Fed. Reg. Comment Period Expires: 11/2/93 N/A First Bank of Philadelphia, Philadelphia, Pennsylvania, Notice filed jointly on behalf of Arthur and Linda Toll to own greater than 10.0% but less than 25.0%, pursuant to the Change in Bank Control Act of 1978. Newspaper comment period ends: Fed. Reg. Comment Period Expires: N/A N/A Continental Bancorporation. Laurel Springs, New Jersey, Notice filed jointly on behalf of Dr. William Steinberg and Jill Steinberg to own in excess of 25.0%, pursuant to the Change in Bank Control Act of 1978. Newspaper comment Fed. Reg. Comment period ends: Period Expires: N/A N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICEOR NEWSPAPER NOTICE Laurel Bank. Ebensburg, PA requests permission to invest an additional $700 thousand in bank premises to establish a branch office at Plank Road Commons, Altoona, PA, pursuant to Section 24A of the Federal Reserve Act. 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 October 1. 1993 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 mode rate-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 CRA Rating Twin Rivers Community Bank 2951 William Penn Highway Easton, PA 18042 6/7/93 Satisfactory Federal Reserve Bank of Cleveland Applications Bulletin For W e e k E n d i n g O c t o b e r 2, 1993 S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO N E W S P A P E R NOTICE ONLY Received prior notice from The Provident Bank, Cincinnati, Ohio, on October 1, 1993, of its intent to establsih a branch facility at 1535 West Galbraith Road, Cincinnati, Ohio. * October 11, 1993 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 N E W S P A P E R A N D FE D E R A L R E G I S T E R N O T I C E Received Section 3 (al(1) application from First Commonwealth Financial Corporation, Indiana, Pennsylvania, on October 1, 1993, to acquire Peoples Bank of Western Pennsylvania, New Castle, Pennsylvania. S E C T I O N III * Not Yet Known # - A P P L I C A T I O N S S U B J E C T TO FEDERAL R E G I S T E R NOTICE ONLY 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 F E DERAL 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 Received request from Chippewa Valley Bank, Rittman, Ohio, on October 1, 1993, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve A c t . * 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 OF CRA PUBLIC EVALUATIONS October 1, 1993) 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 October 1, 1993. 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. SUBS T A N T I A L N O N 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. Iron & Glass Bank 1114 Carson Street Pittsburgh, PA 15203 (412) 488-5200 Rating: Satisfactory Exam Date: July 19, 1993 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Centura Bank, Rocky Mount, North Carolina, to merge with First Charlotte Bank, Charlotte, North Carolina.* 10-21-93 Crestar Bank, Richmond, Virginia, to merge with Virginia Federal Savings Bank, Richmond, Virginia.* 10-28-93 Bank of Hampton Roads, Chesapeake, Virginia, to establish a branch at 117 Market Street, Suffolk, Virginia.* 10-29-93 Southern National Corporation, Lumberton, North Carolina, to have its subsidiary, Southern National Bank of North Carolina, Lumberton, North Carolina, merge with Home Federal Savings Bank, FSB, Statesville, North Carolina.* 10-29-93 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Centura Banks, Inc., Rocky Mount, North Carolina, to merge with First Charlotte Financial Corporation, Charlotte, North Carolina.* 10-21-93 Atlantic Community Bancorp, Inc., for prior approval to become a bank holding company through the acquisition of Unity Bank & Trust Company, Rocky Mount, North Carolina.* 10-29-93 KS Bancorp, Inc., Kenly, North Carolina, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Kenly Savings Bank, S.S.B., Kenly, North Carolina.* 10-29-93 Harold E. Lieding - Notice of Change in Control with respect to Heritage Bank, McLean, Virginia. 10-31-93 *Application is subject to CRA requirements. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice None. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending October 1, 1993 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 October 1, 1993 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Alabama Bancshares, Inc. Birmingham, Alabama To acquire the assets and assume the liabilities of the Alabama 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 Improvement Act of 1991. 09-26-93* Barnett Bank of Tampa Tampa, Florida To establish a temporary ATM machine located at The Florida State Fairgrounds, 4800 Highway 301 North, Tampa, Florida. 10-25-93* Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date AmSouth Bancorporation Not yet available* Birmingham, Alabama To acquire Citizens National Corporation, Naples, Florida, and thereby directly acquire Citizens National Bank of Naples, Naples, Florida, pursuant to Section 3 (a)(5) of the Bank Holding Company A c t . SouthTrust Corporation Birmingham, Alabama Sc SouthTrust of Florida, Inc. Jacksonville, Florida To acquire BMR Financial Group, Inc., Atlanta, Georgia, and thereby directly acquire its bank subsidiaries, AmeriBank, Clearwater, Florida, and Community First Bank of Central Florida, Winter Garden, Florida, pursuant to Section 3(a)(5) of the Bank Holding Company A c t . White Eagle Financial Group, Inc. Boca Raton, Florida 1-BHC formation, Admiralty Bank, Palm Beach Gardens, Florida. Not yet available* Not yet available* ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 1. 1993 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Jones Bancshares, L.P. Not yet available* Waycross, Georgia 1-BHC formation, Blackshear Bancshares, Blackshear, Georgia, and thereby indirectly acquire its subsidiary bank, Blackshear Bank, Blackshear, Georgia. Covington Capital Corporation Collins, Mississippi 1-BHC formation, Covington County Bank, Collins, Mississippi. SouthTrust of Mississippi, Inc. Pascagoula, Mississippi (A shell subsidiary of SouthTrust Corporation, Birmingham, Alabama) 1-BHC formation, CNB Capital Corporation, Pascagoula, Mississippi, and thereby indirectly acquire its subsidiary, Citizens National Bank, Pascagoula, Mississippi. 09-24-93* Federal Register Not yet Available* Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application International Bank of Miami, N.A. Miami, Florida For an equity investment in a foreign bank, Banco Salvadoreno, San Salvador, El Salvador, pursuant to 12 CFR Section 211 of Regulation K. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 1, 1993 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: 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. Outstanding r e c o r d of m e e t i n g c o m m u n i t y 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. Satisfactory to improve r e cord of m e e t i n g c o m m u n i t y 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. Nee d s in m e e t i n g c o m m u n i t y 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. Subs t a n t i a l n o n c o m p l i a n c e Examination Bank Rating Date Central Bank Post Office Box 521599 Miami, Florida 33152 (305) 592-6641 ' Satisfactory 02-01-93 Gulf Bank Post Office Box 015-299 Miami, Florida 33101 (305)358-0700 Satisfactory 06-21-93 First Progressive Bank Box 1267 Brewton, Alabama 36427 (205)867-7706 Satisfactory 06-21-93 Brundidge Banking Company, Inc. Post Office Box 814 Brundidge, Alabama 36010 (205)735-2331 Satisfactory 06-28-93 Federal Reserve Bank of Chicago Section I - A p p l i c a t i o n s Subject to N e w s v a v e r N o t i c e O nly Comment Period Ending Date Type Application Membership B a n k One, Peoria Peoria, Illinois To b e come a m e m b e r of the Federal Re s e r v e S y s t e m * N - ** Branch H a rris Trust a n d Sa v i n g s B a n k Chicago, I l l inois 411 South K e d z i e A v e n u e Chicago, Illinois* N - 10-3 - 9 3 Branch Old Kent B a n k a n d Trust C o m p a n y Gra n d Rapids, M i c h i g a n 725 Bald w i n Jenison, M i c h i g a n * N - 9-29-93 Branch Old Kent B a n k a n d Trust C o m p a n y Grand Rapids, M i c h i g a n 2145 W e a l t h y S.E. East Gra n d Rapids, M i c h i g a n * N - 10-8 - 9 3 Branch Chemical B a n k a n d Trust C o m p a n y M i d l a n d , Mi chigan 8 b r a n c h e s of K e y State B a n k Owosso, Michigan 1 Branch of Chemical B a n k M o n t c a l m Stanton, Mic h i g a n * N - ** Br a n c h Chemical Bank B a y A r e a B a y City, M i c h i g a n 8 b r a n c h e s of K e y Sta t e B a n k Owosso, M i c h i g a n 1 Branch of Chemical B a n k M o n t c a l m Stanton, Mic h i g a n * N - ** Branch Chemical B a n k M i c h i g a n Clare, M i c h i g a n 8 bra n c h e s of K e y Sta t e B a n k Owosso, M i c h i g a n 1 Branch of Chemical B a n k M o n t c a l m Stanton, Mic h i g a n * N - ** Oakar Princeton National Bancorp, Inc. Princeton, Illinois Heart of Illinois Bank, F.S.B. Spri n g Valley, Illinois* N 10-22-93 Federal Reserve Bank of Chicago S e c t i o n II Type - A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d Fede r a l Register Notice Comment Period Application Ending Date Y-2 B a n k of Montreal M o n trea 1, Cana da C i t y B a n k s h a r e s , Inc. Oklahoma City, Oklahoma C i t y B a n k & Trust C o m p a n y Oklahoma City, Oklahoma* FR NP - 8-19-93 - ** Y-2 B a n k m o n t Financial Corp. N e w York, N e w York C i t y B a n k s h a r e s , Inc. Oklahoma City, Oklahoma C i t y B a n k & Trust C o m p a n y Okl a h o m a City, Oklahoma* FR N - 8-19 - 9 3 - ** Y-2 H a r r i s Bankcorp, Inc. Chicago, I l l inois C i t y Bankshares, Inc. Oklahoma City, Oklahoma C i t y B a n k & Trust C o m p a n y Oklahoma City, O k l a h o m a * FR N - 8-19-93 - 8-25-93 Y-2 M i n o o k a Bancorp, Inc. Minooka, Illin o i s Fou n d e r s Bancorp, Inc. Scottsdale, Arizona F o u n d e r s B a n k of A r i z o n a Scottsdale, Arizona* FR N 9-7 - 9 3 - 10-16-93 Y-2 P e o t o n e Bancorp, Inc. Peotone, Illinois Fou n d e r s Bancorp, Inc. Scottsdale, Arizona F o u n d e r s Bank of A r i z o n a Scottsdale, Arizona* FR 9- 7 - 9 3 N - 10-16-93 Y-2 R o c k R i v e r Bancorporation, Inc. Oregon, Illinois Foun d e r s Bancorp, Inc. Scottsdale, Arizona F ounders Bank of A r i z o n a Scottsdale, A r i z o n a * FR 9-7-93 N - 10-16-93 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newsvaver and Federal Register Notice (Continued) C owment P e r i o d Ending Date Type Application Y-2 South w e s t Bancorp, Inc. Worth, Illin o i s F o u n d e r s Bancorp, Inc. Scottsdale, A r i z o n a Fou n d e r s B a n k of A r i z o n a Scottsdale, Arizona* FR N 9-7-93 - 10-16-93 Y-2 Terrapin Bancorp, Inc. Elizabeth, Illinois Fou n d e r s Bancorp, Inc. Scottsdale, Arizona F o u n d e r s B a n k of A r i z o n a Scottsdale, Arizona* FR N 9-7-93 - 10-16-93 Y-2 W e s t b a n c o , Inc. W e s t v i l l e , Illinois F ounders Bancorp, Inc. S c o t t s d a l e , Ariz o n a Fou n d e r s B a n k of A r i z o n a Scottsdale, Arizona* FR N 9-7-93 - 10-16-93 Y-l C o m m u n i t y B u s i n e s s Bancshares, Inc. Sauk City, Wisconsin C o m m u n i t y Busi n e s s Ban k Sauk City, Wisconsin (in organization) * FR N - 9-17-93 - 10-2-93 Y-2 Associated Banc-Corp Green Bay, Wisconsin C o m m u n i t y State B a n k of A l g o m a Algoma, Wisconsin* FR N - 9-24-93 - 9-20-93 Y-2 Associated Banc-Corp Gr e e n Bay, Wisconsin Fir s t Oak Bro o k B a n c s h a r e s , Inc. Oak Brook, Illinois Fi r s t Oak B r o o k B a n k Oak Brook, Illinois Oak Bro o k Ban k Oak Brook, Illinois* FR N - 9-24-93 - 9-20-93 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type A p p lication Y-2 A s s o c i a t e d Banc-Corp Green Bay, Wisconsin B a y Lake Bancorp, Inc. Kewaunee, Wisconsin Union State Bank Kewaunee, Wisconsin* FR - 9-24-93 - 9-20-93 N Y-2 A s s o c i a t e d Banc-Corp Green Bay, Wisconsin First Manitowoc Bancorp, Inc. Manitowoc, Wisconsin First National Bank of Manitowoc Manitowoc, Wisconsin* FR - 9-24-93 N - 9-20-93 Y-l First Southeast Banking Limited P a r t n e r s h i p Las Vegas, Nevada First Southeast Banking Corp. Lake Geneva, Wisconsin First Bank Southeast Lake Geneva, N.A. Lake Geneva, Wisconsin First Bank Southeast, N.A. M i l w a u k e e , Wisconsin* FR - 10-1-93 _ ** N CoC-HC First of Huron Corp. Bad Axe, Michigan All e n D. Gunn FR - 10-4-93 _ ** N CoC-HC Minowa Banc s h a r e s , Inc. D e c o r a h , Iowa Michael J. Pint, Christopher G. Lyon and Stephen J. Lyon FR - 10-4-93 N - 9-29-93 CoC-Bk L i b e r t y Bank Milwaukee, Wisconsin Allen L. Samson; R. Max Samson; Dr. B a r r y L. Samson & Harry E. Samson FR N 10-7-93 ** Federal Reserve Bank of Chicago S ection II - Avvlications Subject to Both Newspaoei Register Notice (Continued) and Federal Comment P e r i o d Ending Date Typ? Application Y-l/BHC-OT Heritage Bancshares, Group, Inc. M i n n e a p o l i s , Minnesota Geiger Corporation Minnea p o l i s , Minnesota Heritage Bank, National A s s o c i a t i o n Holstein, Iowa Heritage Bancshares, Inc. Minneapolis, Minnesota Heritage Bank, National A s s o c i a t i o n Willmar, Minnnesota* FR N - 10-1-93 - 6-28-93 Y-l Prophetstown Banking Co. Prophets town, Illinois Farmers National B a n k of P r o p h etstown Prophetstown, Illinois* FR N - 10-15-93 - ** CoC-HC Community Investment Bancorporation, Lebanon, Wisconsin Donald E. Kuehl FR N - 1 0 - 14-93 - ** Y-2 Greater Columbia Bancshares, Inc. Portage, Wisconsin 1st Columbia Corp. Portage, Wisconsin First National Bank of Columbus Columbus, Wisconsin* FR N - 1 0 - 22-93 - ** Y-2 Cedar Investment Company Waverly, Iowa Dike Bancshares Corporation Dike, Iowa Iowa Savings Bank Dike, Iowa* FR N - 1 0 - 21-93 - ** Y-l Hoosier Hills Financial Corporation Employee Stock Ownership Plan Osgood, Indiana Hoosier Hills Financial Corporation Osgood, Indiana The Ripley County Bank Osgood, Indiana* FR - 10-15-93 N - 10-7-93 Inc. Federal Reserve Bank of Chicago Section II - Applic a t i o n s Subject to Both Newsoaoei Register Notice (Continued) and Federal Comment Period Ending Date Type Ap p l i c a t i o n Y-2 Trivoli Bancorp, Inc. T r i v o l i , Illinois Hanna C i t y State Bank Hanna City, Illinois* FR - 10-15-93 N - 9-30-93 Y-2 First Colonial Bankshares Corporation Chicago, Illinois Hi -Bancorp, Inc. Highwood, Illinois B a n k of Highwood Highwood, Illinois GNP Bancorp, Inc. Mundelein, Illinois N e w C entury Bank Mundelein, Illinois* FR - ** N - 10-16-93 Y-2 N E B Corporation F o n d Du Lac, Wisconsin Cascade Bancoproration, Venice, Florida State Bank of Cascade Cacade, Wisconsin* FR N - ** - ** Inc. Y-2 F & M Bancorporation, Inc. Kaukauna, Wisconsin First National Financial Corporation Oconto, Wisconsin First National Bank of Wisconsin Oconto, Wisconsin* FR N - 8-30-93 - 8-21-93 Y-2 F & M M e r g e r Corporation K a u k a u n a , Wi sconsin First National Financial Corporation Oconto, Wisconsin First National Bank of Wisconsin Oconto, Wisconsin* FR N - 8-30-93 - 8-21-93 Y-2 Peoples Financial Corp. of Illinois, Kewanee, Illinois B r a d f o r d Bancorp, Inc. Bradford, Illinois B r a d f o r d B anking Company Bradford, Illinois* FR - ** N - ** Inc. Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Type Application Y-l Security Capital Corporation Milwaukee, Wisconsin Security Bank S.S.B. Milwaukee, Wisconsin Comment P e r i o d E n d i n g D ate FR N - ** - 10-20-93 Federal Reserve Bank of Chicago Section III - A v v l i c a t i o n s Subiect to Federal Recrister Notice Only Comment Period Endincr Date Zme Application 4 (c) (8) H u x l e y Ba n c o r p Huxley, Iowa M a k i n g a n d servicing loans thru the p a r t i c i p a t i o n in a 75-day overline w i t h an u n a f f i l i a t e d bank FR - 10-13-93 Y-4 Nort h e r n Illinois Financial Corporation Wauconda, Illinois A m e r i c a n Suburban Mortgage Corporation Waukegan, Illinois FR - 10-12-93 Y-4 Princeton National Bancorp, Inc. Princeton, Illinois Heart of Illinois Investment Corp. East Peoria, Illinois FR - 10-22-93 Y-4 First S t e r l i n g Bancorp Sterling, Illinois D. D. Deve l o p m e n t of Sterling L imited Partnership Sterling, Illinois FR - ** 4 (c) (8) Fairbank Bancshares, Inc. F a i r b a n k , Iowa M a k i n g a n d servicing of loans FR - ** Y-4 S e c u r i t y Capital Corporation M i l w a u k e e , Wisconsin M a k i n g a n d servicing of loans FR - ** Y-4 A B N A M R O Bank N.V. Amsterdam, The Netherlands Cragin Financial Corp. Chicago, Illinois FR - ** Y-4 A B N A M R O H o l d i n g N.V. Amsterdam, The Netherlands Cragin Financial Corp. Chicago, Illinois FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal R e g i s t e r Notice Only (Continued) Comment P e r i o d Ending Date Ty p e A p p lication Y-4 A B N A M R O North America, Inc. Chicago, Illinois Cragin Financial Corp. Chicago, Illinois FR - ** Y-4 Stichting Administratiekantoor A B N A M R O Holding Amsterdam, The Netherlands Cragin Financial Corp. Chicago, Illinois FR - ** Y-4 Stichting Prioriteit A B N AMRO Holding Amsterdam, The Netherlands Cragin Financial Corp. Chicago, Illinois FR - ** Federal Reserve Bank of Chicago Section I V - Applic a t i o n s Not Subject to Federal R e g i s t e r or Newspaper Notice Type Application RoS Fairbank Bancshares, Inc. Fa i r b a n k , Iowa Redeem 1,875 shares of stock N FR - Newspaper - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The follo w i n g state memb e r banks have been examined b y the F e deral R e s e r v e Bank of Chicago for compliance with the CRA. The 3 0 -business d a y p e r i o d the bank h a s to m a k e the evaluation p u b l i c has lapsed during the w e e k e n d i n g October 1, 1993. If you are interested in obtaining a copy of the e v a l u a t i o n document, p l e a s e contact the bank(s) directly. I DENTIFICATION OF RATINGS 0- An institution in this group has an outstanding record of, a n d is a l e ader in, ascertaining a n d he l p i n g to meet the credit n e e d s of its entire delineated community, including lowand m o d e r a t e -i n c o m e neighborhoods, in a manner consistent with its resources and capabilities. S- A n institution in this group has a satisfactory record of a s c e r t a i n i n g and h e l p i n g to meet the credit needs of its entire d e l i neated community, inclu d i n g low- and moderate -income n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t with its resources and c a p a b ilities. NI- A n institution in this group needs to improve its overall r e c o r d of a s c e r t a i n i n g and helping to meet the credit needs of i t s entire delineated community, including low- and moderate-income n e i g h b o r h o o d s , in a m a n n e r consistent with its resources and c a p a b i l i t i e s . SN- A n institution in this group has a substantially deficient r e c o r d of a s c e r t a i n i n g and helping to meet the credit needs of i t s entire de l i n e a t e d community, including low- and moderate-income n e i g h b o r h o o d s , in a m a n n e r consistent with its resources and c a p a b i l i t i e s . BANK N A M E / L O C A T I O N EXAMINATION DATE RATINGS -Farmers Bank of Mt. Pulaski 130 South Washington Street Mount Pulaski, Illinois 62548 (217) 792-3216 6/21/93 S -Prairie Bank & Trust Co. 7661 South H a r l e m Avenue Bridgeview, Illinois 60455 (708) 594-7400 6/01/93 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING OCTOBER 1, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire Mid-South Bancorp, Inc., Franklin, Kentucky. Newspaper: 10-30-93 ^Section 3(a)(3) application by Arvest Bank Group, Inc., Bentonville, Arkansas, to acquire Bank of Bentonville, Arkansas Newspaper: 11-1-93 ^Section 3(a)(3) application by Banterra Corp, Eldorado, Illinois, to acquire 24.99 percent of First of Murphysboro, Corp., Murphysboro,Illinois. Newspaper: 10-28-93 ^Section 3(a)(1) application by Mercantile Acquisition Corp., V, St. Louis, Missouri, to acquire Metro Bancorporation, Waterloo, Iowa. Newspaper: 10-23-93 * Section 3(a)(3) application by Mercantile Bancorporation Inc., St. Louis, Missouri, to acquire Metro Bancorporation, Waterloo, Iowa. Newspaper: 10-23-93 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period * Section 4(c)(8) application by National City Bancshares, Inc., Evansville, Indiana, to acquire Ayer-Wagoner-Deal Insurance Agency, Inc., Rockport, Indiana. Not yet available * Section 4(c)(8) application by Union Planters Corporation, Memphis, Tennessee, to acquire General Trust Company, Nashville, Tennessee. Not yet available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None. *This application is subject to CRA. End of Comment Period F E D E R A L R E S E R V E B A N K O F ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f 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 o f 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 o f meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank None October 1, 1993 Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Endina Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Endina Date GST Co. Minneapolis, MN To become a bank holding company through the acquisition of 100% of the voting shares of First United Bank Group, Inc., Albuquerque, NM* 10-29-93 (Federal Register) Norwest Corporation Minneapolis, MN To acquire 100% of the voting shares of the First United Bank Group, Inc., Albuquerque, NM* 10-2.9-93 (Federal Register) Red River Financial Services, Inc. Halstad, MN To acquire 100% of the voting shares of Red River State Bank, Halstad, MN* 10-18-93 (Federal Register) Thomas R. and Melinda S. Rogers To increase their control from 22.7% to 26.7% of First Minnetonka Bancorporation, Inc., Minnetonka, MN 10-21-93 (Federal Register) Donovan Olson and Rosalie Olson To acquire 100% of the voting shares of Grant County Bancshares, Inc., Wendell, Minnesota Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Norwest Corporation Minneapolis, MN To engage in underwriting credit life and credit accident and health insurance written in connection with extensions of credit interest subsidiary banks through the acquisition of United New Mexico Credit Life Insurance Company, Phoenix, AZ. 10-29-93 Norwest Corporation Minneapolis, MN To engage in securities brokerage of three indirect subsidiary banks of First United Bank Group, Inc., Albuquerque, NM. 10-29-93 Norwest Corporation Minneapolis, MN To engage in trust activities through the acquisition of United New Mexico Trust Company, Albuquerque, NM. 10-29-93 Security Richland Bancorporation Miles City, MT To engage de novo in providing management consulting to nonaffiliated depository institu tions . 10-12-93 Norwest Corporation Mpls, MN To engage in making and servicing loans through the acquisition of the mortgage servicing and origina tion businesses of the subsidiary banks of First United Bank Group, Inc., Albuquerque, NM Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending October 1, 1993 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and 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 Commercial Trust & Savings Bank P. 0. Box 1366 210 N. Lawler Mitchell, SD 57301-1366 (605) 996-7755 DATE OF EXAMINATION CRA RATING June 28, 1993 Outstanding Federal Reserve Bank of Kansas City SE C T I O N I - APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY APPLICATION COMMENT PERIOD ENDING DATE Vectra Bank of Denver, Englewood, Colorado, for prior approval to open a de novo branch in Denver, Colorado. Not Available Union Colony Bank, Greeley, Colorado, for prior approval to establish a branch in Windsor, Colorado, and to invest in bank premises in an amount in excess of its capital stock. Not Available SECTION II - APPLICATIONS SUBJECT TO BOT H N E W S PAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Hall Properties, A Limited Partnership, Perry, Oklahoma, for prior approval to become a bank holding company through the acquisition of 30.72 percent of the voting shares of Perry Bancshares, Inc., Perry, Oklahoma.* October 22, 1993 DFC Acquistion Corporation II, Kansas City, Missouri, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Dickinson Financial Corporation, Chillicothe, Missouri.* Not Available First National of Hoxie Employee Stock Ownership Plan, Hoxie, Kansas, for prior approval to acquire 54 percent of the voting shares of First Bancshares of Hoxie, Hoxie, Kansas.* Not Available R. Banking Limited Partnership, Oklahoma City, Oklahoma, for prior approval to acquire 48.96 percent of the voting shares of BancFirst Corporation, Oklahoma City, Oklahoma.* Not Available Barrett Holding Company, Watonga, Oklahoma, for prior approval to increase ownership interest in Watonga Bancshares, Inc., Watonga, Oklahoma, by 2.24 percent.* Not Available Federal Reserve Bank of Kansas City Security Corporation, Duncan, Oklahoma, for prior to acquire 100 percent of the voting shares of FirstBank Holding Company, Marietta, Oklahoma.* Not Available T. Brent Ballinger, Pawhuska, Oklahoma, for prior approval to increase his ownership interests in N.B.C. Bancshares in Pawhuska, Inc., Pawhuska, Oklahoma, from 23.51 percent to 31.95 percent. Not Available Whitman T. Eastman, Gunnison, Colorado, for prior approval to increase his ownership interests in First National Bankshares of Gunnison, Inc., Gunnison, Colorado, from 14.3 percent to 36.4 percent. Not Available S E C T I O N III ONL Y - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE APPLICATION Citizens Holding Company, Muskogee, Oklahoma, for prior approval to acquire 33.33 percent of the common stock of DigiSource, Inc., Fayetteville, Arkansas. COMMENT PERIOD ENDING DATE Not Available S ECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. S E C T I O N V - AVAILABILITY OF CRA PUBLIC EVALUATIONS I d e n t i f i c a t i o n of Ratings In connection with the assessment of each insured depository institution's -CRA performance, a rating is assigned from the following groups: O u t s t a n d i n g record of meeting community credit needs An institution in this group has an outstanding record of 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. Federal Reserve Bank of Kansas City S a t i s f a c t o r y record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date Farmers State Bank & Trust 06-28-93 P.O. Box 268 Superior, Nebraska 68978-0268 ♦Application is subject to CRA. CRA Public Date 09-27-93 CRA Rating Outstanding FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 27, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 9 application by State Bank & Trust Company, San Marcos, TX, to establish a branch at 1100 Block of Hwy. 80, San Marcos, TX 93/10/15 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Joseph Hetrick, San Antonio, TX, to acquire an interest in San Juan Bancshares, Inc., San Juan, TX (Previously reported during the week of 8-16-93) 93/09/28 Change in Control Notice by Catherine Finn ("Trustee"), Dallas, TX, and Shannon Wood ("Trustee"), Refugio, TX, collectively to acquire an interest in Howland Bancshares, Inc., Robstown, TX N/A ♦Section 3(a)(1) application by FSB Bancshares, Inc., Clute, TX, to acquire FSB Bancshares of Delaware, Inc., Wilmington, DE, and First State Bank, Clute, TX N/A ♦Section 3(a)(1) application by FSB Bancshares of Delaware, Inc., Wilmington, DE, to acquire First State Bank, Clute, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION None. NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None.* * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE MEEK OF SEPTEMBER 27, 1993 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Citizens Bank 315 Landa Street P. 0. Box 310909 New Braunfels, TX 78131-0909 Date of Examination 93/06/21 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/01/93 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Endina Date First Interstate Bank of California, Los Angeles, California, to merge with First State Bank of the Oaks, Thousand Oaks, California* NewsDaDer: 10/01/93 Section II - ADDlications Subject to Both NewsDaDer and Federal Register Notice ADDlication Comment Period Endina Date First Interstate Bancorp, Los Angeles, California, to acquire San Diego Corporation, San Diego, California* NewsDaDer: 10/22/93 Fed. Rea.: 10/22/93 Section III - ADDlications Subject to Federal Reaister Notice Onlv ADDlication Comment Period Endina Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont1 Week Ending 10/01/93 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending October 1, 1993. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Examination Date Rating* 125 N. Third Street Oakdale, CA 95361 (209) 848-2265 June 28, 1993 Satisfactory 302 Pine Avenue Long Beach, CA 90802 (310) 437-0011 May 17, 1993 Institution Location Oak Valley Community Bank Farmers & Merchants Bank of Long Beach Needs to Improve * 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 noncomui ce 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.