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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1993, No. 43 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending October 23, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Federal Open Market Committee, appropriate degree of disclosure -- statement by Chairman Greenspan before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 statement by Vine Chairman Mullins before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by Governor Angell before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by Governor LaWare before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by Governor Kelley before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -- statement by Governor Lindsey before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by Governor Phillips before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. H.2 OCTOBER 18, 1993 PAGE 2 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Federal Reserve System Accountability Act of 1993 -statement by President Syron of the Federal Reserve Bank of Boston before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President McDonough of the Federal Reserve Bank of New York before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President Boehne of the Federal Reserve Bank of Philadelphia before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President Jordan of the Federal Reserve Bank of Cleveland before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President Broaddus of the Federal Reserve Bank of Richmond before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President Keehn of the Federal Reserve Bank of Chicago before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. H. 2 OCTOBER 18, 1993 PAGE 3 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Federal Reserve System Accountability Act of 1993 -statement by President Melzer of the Federal Reserve Bank of St. Louis before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President Stern of the Federal Reserve Bank of Minneapolis before the House Committee on Banking, Finance and Urban Affairs, October 19, 199. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President Hoenig of the Federal Reserve Bank of Kansas City before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 -statement by President McTeer of the Federal Reserve Bank of Dallas before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. Federal Reserve System Accountability Act of 1993 statement by President Parry of the Federal Reserve Bank of San Francisco before the House Committee on Banking, Finance and Urban Affairs, October 19, 1993. Published, October 19, 1993. H.2 OCTOBER 18, 1993 PAGE 4 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Community Reinvestment Act and the current efforts to strengthen and improve its administration -statement by Governor Lindsey before the Subcommittee on Consumer Credit and Insurance of the House Committee on Banking, Finance and Urban Affairs, October 21, 1993. Authorized, October 20, 1993. Derivative activities of U.S. banking organizations * - statement by Governor Phillips before the House Committee on Banking, Finance and Urban Affairs, October 28, 1993. Published, October 22, 1993. Interstate banking and insurance provisions of the Comprehensive Deposit Insurance Reform and Taxpayer Protection Act of 1991, S. 543 -- statement by Governor LaWare before the Senate Committee on Banking, Housing, and Urban Affairs, October 5, 1993. Published, October 1, 1993. BANK HOLDING COMPANIES AmSouth Bancorporation, Birmingham, Alabama -- to acquire Orange Banking Corporation, Orlando, Florida, and Orange Bank. Approved, October 18, 1993. Banc One Corporation, Columbus, Ohio -- to acquire Mid States Bancshares, Inc., Moline, Illinois, and The First National Bank of Moline. Approved, October 18, 1993. BankAmerica Corporation, San Francisco, California -to engage de novo in securities brokerage, and acting as agent in the private placement of all types of securities on order of investors as a riskless principal through BA Securities, Inc., Seattle, Washington. Permitted, October 18, 1993. H.2 OCTOBER 18, 1993 PAGE 4 A TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Interagency advisory warning concerning prime bank notes, prime bank guarantees, and prime bank letters of credit and similar financial instruments. Published, October 21, 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 Richmond FCNB Bank, Frederick, Maryland -- to establish a branch in the Walkersville Business and Professional Center at Woodsboro Pike and Nicodemus Road, Walkersville, Maryland. Approved, October 22, 1993. Philadelphia Meridian Bank, Reading, Pennsylvania - - t o establish a remote service facility at Genuardi's Supermarket, St. Davids Square, 550 East Lancaster Avenue, St. Davids, Pennsylvania, and at The Shops at Liberty Place, 1625 Chestnut Street, Philadelphia, Pennsylvania. Approved, October 19, 1993. H.2 OCTOBER 18, 1993 PAGE 5 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Minneapolis Pioneer Bank & Trust, Belle Fourche, South Dakota -to establish a branch in Rapid City, South Dakota. Approved, October 22, 1993. Cleveland Provident Bank, Cincinnati, Ohio -- to establish a branch at 1535 West Galbraith Road, Cincinnati, Ohio. Approved, October 18, 1993. BANK HOLDING COMPANIES Chicago Bank of Elmwood, Racine, Wisconsin -- to invest in projects creating housing and jobs for low and moderate income persons through Racine Development Group. Returned, October 19, 1993. Chicago Dearborn Bancorp, Inc., Dearborn, Michigan -- to acquire Community Bank of Dearborn. Approved, October 22, 1993. St. Louis First Banks, Inc., St. Louis, Missouri -- to operate a savings association through acquisition of American Home Savings and Loan Association. Approved, October 19, 1993. St. Louis First Citizens Bancshares Company, Marion, Arkansas - proposal that Citizens Bank purchase certain assets and assume the deposit liabilities of the Marion, Arkansas, branch of Federal Savings Bank, Rogers, Arkansas. Approved, October 19, 1993. Chicago First Colonial Bankshares Corporation, Chicago, Illinois - - t o acquire First Colonial Investment Services, Rosemont, Illinois, and engage in full service securities brokerage activities. Returned, October 19, 1993. Kansas City First State Bancorporation, Taos, New Mexico -- to acquire First Bank Santa Fe, Santa Fe, New Mexico. Approved, October 20, 1993. H.2 OCTOBER 18, 1993 PAGE 6 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Firstbank of Illinois C., Springfield, Illinois -- to acquire Colonial Bancshares, Inc., Des Peres, Missouri, The Colonial Bank; The Village Bank of Ballwin, Ballwin; and Guido Insurance Agency, Des Peres, Missouri. Returned, October 18, 1993. Chicago Greater Columbia Bancshares, Inc., Portage, Wisconsin --t o acquire 1st Columbia Corp., Columbus, Wisconsin, and First National Bank of Columbus. Returned, October 22, 1993. San Francisco HNB Financial Group, Huntington Beach, California -to engage de novo in mortgage banking activities through HNB Mortgage Company. Withdrawn, October 19, 1993. Cleveland Huntington Bancshares, Inc., Columbus, Ohio -- to acquire Railroadmen's Federal Savings and Loan Association of Indianapolis, Indiana. Approved, October 19, 1993. Director, BS&R MBNA Corp., Newark, Delaware, and The Progressive Corporation -- change in bank control. Permitted, October 22, 1993. New York MSB Bancorp, Inc., Middletown, New York --t o engage de novo in general insurance activities through Middletown Financial Services, Inc. Permitted, October 19, 1993. Kansas City Neosho Bancshares ESOP, Neosho, Missouri --to acquire shares of Neosho Bancshares, Inc. Approved, October 22, 1993. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to acquire First National Bank of Arapahoe County, Aurora, Colorado. Approved, October 21, 1993. Minneapolis Norwest Corporation, Minneapolis, Minnesota --to acquire the First National Bank of Lakewood, Lakewood, Colorado. Approved, October 21, 1993. H.2 OCTOBER 18, 1993 PAGE 7 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to acquire First National Bank of Southeast Denver, Denver, Colorado Approved, October 21, 1993. Minneapolis Norwest Corporation, Minneapolis, Minnesota -- to engage in mortgage lending activities through St. Cloud National Bank & Trust Co., St. Cloud, Minnesota. Approved, October 22, 1993. Chicago Orion Bancorporation, Inc., Orion, Illinois -- to acquire Henry County Bancorp, Inc., Cambridge, Illinois, and Peoples Bank of Cambridge. Approved, October 22, 1993. Atlanta Peoples BancTrust Company, Inc., Selma, Alabama -- to retain shares of CeeBee Corporation, Prattville, Alabama, and The Citizens Bank of Prattville, and acquire additional shares of CeeBee. Approved, October 20, 1993. Richmond Poca Valley Bankshares, Inc., Walton, West Virginia - to acquire The Poca Valley Bank. Approved, October 18, 1993. Director, BS&R Royal Bank of Canada, Montreal, Quebec, Canada --to provide additional funding to its section 20 subsidiary, RBC Dominion Securities Corporation, New York, New York. Approved, October 19, 1993. Chicago Security Capital Corporation, Milwaukee, Wisconsin -to acquire Security Bank, S.S.B., and engage in lending activities. Returned, October 18* 1993. Kansas City UB, Inc., Unadilla, Nebraska -- to acquire The First National Bank. Approved, October 21, 1993. H.2 OCTOBER 18, 1993 PAGE 8 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City Bankwest, Goodland, Kansas -- investment in bank premises. Approved, October 19, 1993. Kansas City First State Bank of Newcastle, Newcastle, Wyoming investment in bank premises. Approved, October 18, 1993. Minneapolis North Shore Bank of Commerce, Duluth, Minnesota -investment in bank premises. Approved, October 19, 1993. Chicago State Bank of Howards Grove, Howards Grove, Wisconsin -- investment in bank premises. Approved, October 22, 1993. BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS Director, BS&R First Interstate Trust Company of New York, New York, New York -- transfer agent registration. Withdrawn, October 20, 1993. CAPITAL STOCK • Kansas City First State Bancorporation, Taos, New Mexico -redemption of shares. Approved, October 21, 1993. CHANGE IN BANK CONTROL Minneapolis Ellsworth Bancshares, Inc., Ellsworth, Minnesota -change in bank control. Permitted, October 18, 1993. Chicago Minowa Bancshares, Inc., Decorah, Iowa -- change in bank control. Permitted, October 19, 1993. Kansas City Twin City Corporation, Kansas City, Kansas -- change in bank control. Permitted, October 21, 1993. H.2 OCTOBER 18, 1993 PAGE 9 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Associated Bank Lakeshore National Association, Manitowoc, Wisconsin, proposed purchase of certain assets and assumption of certain liabilities of the Fond du Lac, Wisconsin, branch of Associated Bank Menomonee Falls, Menomonee Falls, Wisconsin -report on competitive factors. Submitted, October 19, 1993. Atlanta Central Bancshares of the South, Birmingham, Alabama, proposed acquisition of 1st Performance Interim, FSB, Jacksonville, Florida, and proposed interim merger of Resource Bancshares Co., Columbia, South Carolina, with 1st Performance Interim, FSB, and the merger of 1st Performance Bank with Interim -report on competitive factors. Submitted, October 20, 1993. San Francisco Citibank, Federal Savings Bank, San Francisco, California, proposed purchase of certain assets and assumption of certain liabilities of Citibank (Florida), N.A., Dania, Florida -- report on competitive factors. Submitted, October 19, 1993. Chicago First National Bank and Trust, Monroe, Wisconsin, proposed merger with Citizens State Bank, Belleville, Wisconsin -- report on competitive factors. Submitted, October 22, 1993. St. Louis First National City Bank, Memphis, Tennessee, proposed merger with First Commercial Bank, National Association, of Memphis, Memphis, Tennessee -- report on competitive factors. Submitted,-October 22, 1993. Kansas City Liberty Bank and Trust Company of Tulsa, Tulsa, Oklahoma, proposed merger with Bank of Tulsa, Tulsa, Oklahoma -- report on competitive factors. Submitted, October 20, 1993. H.2 OCTOBER 18, 1993 PAGE 10 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Magna Bank of Illinois, Belleville, Illinois, proposed merger with The City National Bank, Murphysboro, Illinois -- report on competitive factors. Submitted, October 20, 1993. San Francisco National Bank of Southern California, Santa Ana, California, proposed purchase of certain assets and assumption of certain liabilities of Colonial Bank, N.A. -- report on competitive factors. Submitted, October 19, 1993. Philadelphia Nazareth National Bank and Trust Company, Nazareth, Pennsylvania, proposed acquisition of certain assets and assumption of certain liabilities of one branch of First Eastern Bank, N.A., Wilkes Barre, Pennsylvania -- report on competitive factors. Submitted, October 20, 1993. Dallas Peoples National Bank, McKinney, Texas, proposed merger with United Bank 8 Trust, Dallas, Texas -report on competitive factors. Submitted, October 19, 1993. Richmond Southern National Bank of North Carolina, Lumberton, North Carolina, proposed merger with Home Federal Savings Bank, FSB, Statesville, North Carolina -report on competitive factors. Submitted, October 18, 1993. Atlanta Sun bank and Trust Company, Brookville, Florida, proposed assumption of the liability to pay deposits of three offices of Sun Bank / Tallahassee, N.A., Tallahassee, Florida -- report on competitive factors. Submitted, October 21, 1993. Philadelphia Sun National Bank, Medford, New Jersey, Medford, New Jersey, proposed merger with First National Bank of Tuckahoe, Tuckahoe, New Jersey -- report on competitive factors. Submitted, October 18, 1993. H.2 OCTOBER 18, 1993 PAGE 11 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Unity Bank & Trust Company, Rocky Mount, North Carolina, proposed merger with Unity Interim Bank - report on competitive factors. Submitted, October 18, 1993. San Francisco West One Bank Eastern Washington, Yakima, Washington proposed merger with West One Bank, Washington, Seattle, Washington -- report on competitive factors. Submitted, October 19, 1993. St. Louis Worthen National Bank of Batesville, Batesville, Arkansas, proposed purchase and assumption of two branches of Worthen National Bank of Arkansas, Little Rock, Arkansas, at Highway 167 North, Ash Flat, Arkansas, and 2005 Malcolm Avenue, Newport, Arkansas -- report on competitive factors. Submitted, October 20, 1993. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, October 19, 1993. Minneapolis Dakota Company, Inc., Minneapolis, Minnesota, South Dakota Bancorp, Inc.; and South Dakota Financial Bancorporation, Inc. -- extension to acquire O ’Neill Properties, Inc. Granted, October 20, 1993. Atlanta First Alabama Bancshares, Inc, Birmingham, Alabama extension to January 30, 1994, to acquire First Federal Enterprises, Inc., Marianna, Florida, and to merge certain assets and certain liabilities of First Federal Savings Bank with Sunshine Bank, Pensacola, Florida. Granted, October 20, 1993. Chicago Montgomery Bancshares, Inc., Montgomery, Illinois -extension to January 19, 1993, to acquire Bank of Montgomery. Granted, October 19, 1993. H.2 OCTOBER 18, 1993 PAGE 12 TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP San Francisco Sun Country Bank, Apple Valley, California -- to become a member of the Federal Reserve System. Returned, October 22, 1993. SECURITIES REGULATION Director, BS&R Over-the-counter stocks -- revised list of OTC stocks subject to margin requirements, and a list of foreign margin stocks, effective November 8, 1993. Approved, October 22, 1993. H -2 OCTOBER 18, 1993 PAGE 13 ADDITIONS AND CORRECTIONS TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Cleveland PremierBank & Trust, Elyria, Ohio --to establish customer-bank communication terminals at 149 Midway Boulevard, Elyria, Ohio, and 7735 State Route 37 and Interstate 71, Sunbury, Ohio. Approved, October 4, 1993. CAPITAL STOCK Chicago Greatbanc, Inc., Aurora, Illinois -- redemption of shares. Returned, October 15, 1993. COMPETITIVE FACTORS REPORTS Kansas City First National Bank of Strasburg, Strasburg, Colorado, proposed merger with The Byers State Bank, Byers, Colorado -- report on competitive factors. Submitted, October 15, 1993. H.2 OCTOBER 18, 1993 PAGE 19 ADDITIONS AND CORRECTIONS TO OCTOBER 22, 1993 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York Herkimer County Trust Company, Little Falls, New York, proposed purchase of certain assets and assumption of certain liabilities of two branches of United Northern Federal Savings Bank, Watertown, New York, in Illion and Little Falls, New York -report on competitive factors. Submitted, October 15, 1993. Atlanta Sun Bank and Trust Company, Brooksville, Florida, proposed merger with Sun Bank of Pasco County, Zephyrhills, Florida -- report on competitive factors. Submitted, October 15, 1993. EXTENSIONS OF TIME Cleveland Banc One Corporation, Columbus, Ohio, and Banc One Colorado Corporation, Denver, Colorado -- extension to January 12, 1999, to consumate acquisition of Colorado Western Bancorp, Inc., Denver, Colorado. Granted, October 12, 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 NONE 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 "N" Rating* Federal Reserve Bank o f New York Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only__________ Herkimer Trust Corporation, Inc., Little Falls, New York, through its subsidiary, The Herkimer Trust Company, Little Falls, New York, to purchase certain assets and assume certain liabilities of the Ilion, New York and Little Falls, New York branches of United Northern Federal Savings Bank, Watertown, New York.l/ 11/11/93 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Notice of Change in Bank Control by Mr. Alfred Teo and M s . Annie Teo to acquire voting shares equal to or in excess of ten percent of the voting shares of Citizens First Bancorp, Inc., Glen Rock, New Jersey N/A SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Chemical Banking Corporation, New York, New York, through CIT Holding, Inc., a joint venture with Dai-Ichi Kangyo Bank, Ltd, Tokyo, Japan, to acquire Equipment Credit Services, Inc., San Francisco, California and thereby engage in commercial financing and equipment leasing. N/A Creditanstalt-Bankverein, Vienna, Austria, to engage indirectly, through its subsidiary, Creditanstalt International Advisers Group, Inc., New York, New York, in investment advisory activities through a joint venture limited partnership, Steinberg Asset Management Company, L.P., New York, New York. 11/15/93 SECTION IV Applications Not Involving ______Public Comment______ None SECTION V A v a i l a b i l i t y o f CRA P u b lic E v a lu a tio n s In connection with the assessment of each insured depositoryinstitution'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 23, 1993 |U> |tO 1/ / / 4/ NAME OF BANK RATING Bank of Smithtown One East Main Street Smithtown, NY 11787 Needs to Improve EXAMINATION DATE May 3, 1993 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 None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Peoples Savinas Financial Corporation, Ridgway, PA requests approval to form a bank holding company by acquiring 100% of Peoples Savings Bank, Ridgway, PA, pursuant to Section 3(a)(1) of the BHC Act. Newspaper comment period ends: Fed. Reg. Comment Period Expires: 11/10/93 11/19/93 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 period ends: Fed. Reg. Comment Period Expires: N/A 10/28/93 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY MBNA Corporation. Newark, DE, to engage de novo, through its subsidiary, MBNA Consumer Services, Inc., Newark, DE, in the activities of making consumer loans secured by first mortgages and in offering credit insurance in connection with such loans, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Sections 225.25 (b)(1)(iii) and 225.25 (b)(8)(i) of Regulation Y. Fed. Reg. Comment Period Expires: 11/8/93 Keystone Financial, Inc.t Harrisburg, Pennsylvania, requests approval to engage denovo in full-service brokerage activities through its wholly owned subsidiary, Keystone Brokerage, Inc., Williamsport, Pennsylvania, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(15)(ii) of Regulation Y. (Secretary Delegated.) Fed. Reg. Comment Period Expires: 11/15/93 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending October 22. 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities• Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating Federal Reserve Bank of Cleveland Applications Bulletin For W e e k E n ding O c tober 23, 1993 S E C T I O N I - 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 TICE ONL Y NONE S E C T I O N II - A P P L I C A T I O N S S U BJECT TO B O T H N E W S P A P E R A N D FEDERAL R E G I S T E R N O T I C E NONE S E C T I O N III - A P P L I C A T I O N S S U BJECT TO FE D E R A L R E G I S T E R N O T I C E ONL Y Received Section 4 ( c ) (8) application from Cardinal Bancshares, Inc., Lexington, Kentucky on October 7, 1993,Kentucky, to engage in securities brokerage activities through a joint employment arrangement with Compulife Investor Services with its indirect subsidiary Mutual Service Corporation. Not Yet Known # Received Section 4 ( c ) (8) application from * Not Yet Known #Banc Star Corporation, Cincinnati, Ohio, on October 15, 1993, to acquire Star Bank, FSB, Cincinnati, Ohio. SE C T I O N IV - A P P L I C A T I O N S N O T SUBJECT TO F E DERAL R E G I S T E R NO T I C E OR N E W S P A P E R NO T I C E NONE * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. A V A I L A B I L I T Y OF CRA PUBLIC E V A L U A T I O N S (October 23, 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 15, 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. NE E D S 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. S U B S 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. The State Bank & Trust Co. 401 Clinton Street Defiance, Ohio 43512 (419) 782-8950 Rating: Satisfactory Exam Date: July 26, 1993 Federal Reserve Bank of Richmond Section I - Applications Subiect to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subiect 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 - Application Not Subiect to Federal Register Notice or Newspaper Notice None. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending October 22, 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____ Rating First Virginia Bank - Shenandoah Valley 200 North Main Street Woodstock, Virginia 22664 8-11-93 Satisfactory First Virginia Bank of Augusta 125 North Central Avenue Staunton, Virginia 24401 8-16-93 Satisfactory 8-3-93 Satisfactory Note: For week ending October 15, 1993 First Virginia Bank - Commonwealth 4360 George Washington Highway Grafton, Virginia 23692-2791 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 22, 1993 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date The Colonial BancGroup, Inc. Montgomery, Alabama For its subsidiary, Colonial Bank, Montgomery, Alabama, to acquire the assets and assume the liabilities of First American Federal Savings and Loan Association, Huntsville, 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. 10-09-93* The Colonial BancGroup, Inc. 10-09-93* Montgomery, Alabama For its proposed subsidiary, Colonial Bank of Tennessee, Ardmore, Tennessee to acquire the assets and assume the liabilities of First American Federal Savings and Loan Association, Huntsville, 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. First Claiborne Holding Company, Inc. Not yet available* (Formerly Claiborne Holding Company, Inc.) Tazewell, Tennessee To Acquire the assets and assume the Liabilities of the New Tazewell, Tennessee branch of Jefferson Savings and Loan Association of Morristown, Morristown, Tennessee, pursuant to Section 5 ( d ) (3) of the Federal Deposit Insurance A c t , as amended by the Federal Deposit Insurance Corporation Improvement Act of 1991. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date The Colonial BancGroup, Inc. Montgomery, Alabama To acquire Colonial Bank of Tennessee, Ardmore, Tennessee (in organization), pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act. 10-09-93* Newspaper ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 22. 1993 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Century South Banks, Inc. Not Yet available* Dahlonega, Georgia To acquire The Martin Bank, Martin, Tennessee, pursuant to Section 3(a) (3) of the Bank Holding Company A c t . Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date The Colonial BancGroup, Inc. Montgomery, Alabama To acquire First AmFed Corporation, Huntsville, Alabama (a thrift holding company), pursuant to Section 4 (c)(8) of the Bank Holding Company Act. 10-05-93 Summit Bank Corporation Not yet available Atlanta, Georgia An after-the-fact notice to engage de novo in purchasing loans as a participant from bank subsidiary, pursuant to Section 225.25(b) of Regulation Y. The Magnolia State Corporation 11-19-93 Bay Springs, Mississippi In connection with the Federal Reserve Bank of Atlanta's 10-08-93 approval of The Magnolia State Corporation's (Applicant) notice to acquire Jones County Finance Company, Laurel, Mississippi, a going concern, and thereby engage in making, acquiring, or servicing loans or other extensions of credit, Applicant request prior approval to sell as agent credit life, credit accident, and health and property insurance in connection with extensions of credit made, acquired, or serviced, pursuant to Section 225.25(b)(8)(i) and (ii) of Regulation Y. ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 22, 1993 Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application SouthTrust Corporation Birmingham, Alabama Request for waiver of the application requirement of Section 3 (a) (5) of the Bank Holding CompanyAct for the proposal to acquire Commercial Bancorporation, Inc., Orlando, Florida. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 22. 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 m e e t i n g 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. Outstan ding record of m eeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance Examination Bank None. Rating Date Federal Reserve Bank of Chicago Section I - Applications Subject N o t i c e Only- to N e w s p a p e r Comment Period Endincr D a t e Type Application Branch C h e m i c a l B a n k a n d Trust C o m p a n y Midland, Michigan 8 b r a n c h e s of K e y S t a t e B a n k Owosso, M i c h i g a n 1 B r a n c h of Chemical B a n k M o n t c a l m Stanton, M i c h i g a n * N - 10-29-93 Branch Chemical Bank Bay Area 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 S t a t e B a n k Owosso, M i c h i g a n 1 B r a n c h of Chemical B a n k M o n t c a l m Stanton, M i c h i g a n * N - 10-29-93 Branch Chemical Bank Michigan Clare, M i c h i g a n 8 b r a n c h e s of K e y S t a t e B a n k O w o s s o , Michigan 1 B r a n c h o f Chemical B a n k M o n t c a l m Stanton, M i c h i g a n * N - 10-29-93 Oakar P r i n c e t o n N a t i o n a l Bancorp, Inc. Princeton, Illinois H e a r t o f I l l i n o i s Bank, F.S.B. S p r i n g Valley, I l l i n o i s * N - 11-14-93 Branch S h e l b y C o u n t y State B a n k Shelbyville, Illinois 1 5 0 1 West M a i n S t r e e t S h e l byville, I l l i n o i s * N - 10-30-93 2 Federal Reserve Bank of Chicago Section 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 Federal Register Notice Comment Period Application Ending Date Y-2 B a n k of M o n t r e a l M o n t r e a l , Canada C i t y B a n k s h a r e s , Inc. O k l a h o m a City, Okl a h o m a City Bank & Trust Company O k l a h o m a City, O k l ahoma* FR NP - 8-19-93 - 10-25-93 Y-2 B a n k m o n t F i n a n c i a l Corp. N e w York, N e w Y ork C i t y B a n k s h a r e s , Inc. O k l a h o m a City, Okl a h o m a City Bank & Trust Company O k l a h o m a City, O k l a h o m a * FR N - 8-19-93 - 10-25-93 Y-2 H a r r i s Bankcorp, Inc. Chicago, I l l i n o i s C i t y Ban k s h a r e s , Inc. O k l a h o m a City, O k l a h o m a C i t y B a n k & Trust Company O k l a h o m a City, O k l ahoma* FR N - 8-19-93 - 8-25-93 Y-2 M i n o o k a Bancorp, Inc. Minoo k a , I l l i n o i s F o u n d e r s Bancorp, Inc. Scot t s d a l e , A r i z o n a Founders Bank of Arizona Scottsdale, Arizona* FR N 9-7-93 - 10-16-93 Y-2 P e o t o n e Bancorp, Inc. Peotone, I l l i n o i s F o u n d e r s Bancorp, Inc. Scot t s d a l e , A r i z o n a Founders Bank of Arizona Scot t s d a l e , A r i z o n a * FR N 9-7-93 - 10-16-93 Y-2 R o c k R i v e r B a n c o r p o r a t i o n , Inc. Oregon, I l l i n o i s F o u n d e r s Bancorp, Inc. S c o ttsdale, A r i z o n a Founders Bank of Arizona S c o ttsdale, A r i z o n a * FR N 9-7-93 - 10-16-93 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment P e riod Ending Date Type Application Y-2 S o u t h w e s t Bancorp, Inc. Worth, I l linois F o u n d e r s Bancorp, Inc. Scottsdale, A r i z o n a Founders Bank of Arizona Scottsdale, A r i z o n a * FR N 9-7-93 - 10-16-93 Y-2 T e r r a p i n Bancorp, Inc. E l i z a b e t h , I lli nois F o u 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 S cottsdale, Arizona* FR N 9-7-93 - 10-16-93 Y-2 Westbanco, Inc. Westville, I l linois F o u n d e r s Bancorp, Inc. Scottsdale, A r i z o n a F o u n d e r s B a n k of A r i z o n a Scottsdale, A r i z o n a * FR N 9-7-93 - 10-16-93 CoC-HC F i r s t of Hu r o n Corp. B a d Axe, M i c h i g a n A l l e n D. Gunn FR N - 10-4-93 - 10-20-93 Y-l P r o p h e t s town B a n k i n g Co. Prophetstown, Illinois Farmers National Bank of Prophetstown Pro p h e t s t o w n , I l l i n o i s * FR N - 10-15-93 - 10-7-93 CoC-HC C o m m u n i t y Investment Bancorporation, Lebanon, Wisconsin D o n a l d E. Kuehl FR N - 10-14-93 - 11-15-93 Inc. Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Cowment Period End i n g Date Type Application Y-2 G r e a t e r C o l u m b i a Bancshares, Inc. Portage, W i s c o n s i n 1s t C o l u m b i a Corp. Portage, W i s c o n s i n Fi r s t National Ba n k of Columbus Columbus, W i s c o n s i n * FR N - 10-22-93 - 10-15-93 Y-2 Cedar Investment Company Waverly, I o w a Dike Bancshares Corporation Dike, I o w a Iowa Savings Bank Dike, I o w a * FR N - 10-21-93 - 10-30-93 Y-l H o o s i e r Hills Financial Corporation E m p l o y e e S t o c k O w n e r s h i p P lan Osgood, I n d i a n a H o o s i e r Hills Financial Corporation Osgood, I n d i a n a The R i p l e y C o u n t y B a n k Osgood, I n d i a n a * FR N - 10-15-93 - 10-7-93 Y-2 T r i v o l i Bancorp, Inc. Trivoli, I l l i n o i s Hanna City State Bank H a n n a City, I l l i n o i s * FR N - 10-15-93 - 11-2-93 Y-2 First Colonial Bankshares Corporation Chicago, I l l i n o i s H i - B a n c o r p , Inc. Highwood, Illinois Bank of Highwood Highwood, Illinois G N P Bancorp, Inc. Mundelein, Illinois N e w Century Bank Mundelein, Illinois* FR N - 10-29-93 - 10-16-93 Y-2 NEB Corporation F o n d D u Lac, W i s c o n s i n Cascade Bancoproration, Venice, F l o r i d a S t a t e B a n k of C a s c a d e Cacade, W i s c o n s i n * FR N - 10-29-93 - 10-25-93 5 Inc. Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal R e g i s t e r Notice (Continued) Comment Period Ending Date Type Application Y-2 P e o p l e s Finan c i a l Corp. o f Illinois, K e w a n e e , Ill i n o i s B r a d f o r d Bancorp, Inc. B radford, I l l i n o i s Bradford Banking Company Bradford, Il l i n o i s * Y-l Y-2 Y-2 Inc. FR N - 10-29-93 - 10-23-93 S e c u r i t y Capital C o r p o r a t i o n Milwaukee, Wisconsin S e c u r i t y B a n k S.S.B. M i l w a u k e e , Wisconsin FR N - 10-29-93 - 10-20-93 A N B Corporation M u n c i e , Ind i a n a Winchester Bancorporation Winchester, Ind i a n a P e o p l e s L o a n a n d Tr u s t B a n k Winchester, I n diana* FR - F i r s t F inancial C o r p o r a t i o n T e r r e Haute, Ind i a n a F i r s t M a r s h a l l Bancshares, Marshall, Illinois F i r s t National Bank M a r s h a l l , I l l inois* ** N - ** FR N - ** - 11-6-93 Inc. Y-2 P e o t o n e Bancorp, Inc. Peotone, Illinois S o u t h w e s t Bancorp, Inc. Worth, I l l i n o i s W o r t h B a n k a n d Trust Worth, I l l i n o i s M o unt Greenwood Bank Chicago, I l l i n o i s F i r s t National Bank of D a nville Danville, Illinois Sun City Bank S u n City, A r i z o n a * FR N - ** - ** Y-l E a s t Si d e Financial, Inc. Chicago, I l l i n o i s E a s t Side S a v i n g s B a n k Chicago, Il l i n o i s * FR N - ** - ** 6 F e d e r a l R e s e r v e B a n k of C h i c a g o Section II - A w l i c a t i o n s S u b i e c t to B o t h N e w s o a o e r a n d F e d e r a l Recrister N o t i c e (Continued) Comment Period Endincr D a t e Type A w l i cation Y-2 First Park Ridge Corporation Chicago, I l l i n o i s Stanford State Bank M o r t o n Grove, I l l i n o i s (to b e r e n a m e d F i r s t S t a t e B a n k of Gur n e e Gurnee, I l l i n o i s ) * FR N - if* - 11-15-93 CoC-HC W a b e n o B a n c o r p o r a t i o n , Inc. Venice, F l o r i d a Verle Burgason & JoAim Burgason FR NP - ** - ** CoC-HC Wabeno Bancorporation, Venice, F I o r i d a Connie Ryan Trust FR NP - ** - ** Y-l R e p u b l i c B a n c o r p Co. O r l a n d Park, I l l i n o i s M A H Bancorp, Inc. O r l a n d Park, I l l i n o i s R e p u b l i c B a n k o f Chi c a g o Chicago, I l l i n o i s A P L Fina n c i a l , Inc. Chicago, I l l i n o i s F i r s t C o o k C o m m u n i t y Bank, Chicago, I l l i n o i s * FR NP - ** - ** Inc. 7 FSB Federal Reserve Bank of Chicago S e c t i o n II I - Applications Subject Notice Only to F e d e r a l R e g i s t e r Comment Period Endincr D a t e Type Application Y-4 P r i n c e t o n N a t i o n a l Bancorp, Inc. Princeton, I l l i n o i s H e a r t of I l l i n o i s I n v e s t m e n t Corp. E a s t Peoria, I l l i n o i s FR - 10-22-93 Y-4 First Sterling Bancorp Sterling, I l l i n o i s D. D. D e v e l o p m e n t o f S t e r l i n g Limited Partnership Sterling, I l l i n o i s FR - 10-25-93 4 (c) (8) F a i r b a n k B a n c s h a r e s , Inc. Fairbank, Iowa Making and servicing of loans FR - 11-2-93 Y-4 S e c u r i t y Capital C o r p o r a t i o n Milwaukee, Wisconsin Making and servicing of loans FR - 10-29-93 Y-4 A B N A M R O B a n k N. V. A m s t e r d a m , The N e t h e r l a n d s C r a g i n Financial Corp. Chicago, I l l i n o i s CAAC Chicago, I l l i n o i s CSC Chicago, I l l i n o i s FR - ** 8 Federal Reserve Bank of Chicago Section 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 Notice Only (Continued) Comment Period Ending Date Tvve Application Y-4 A B N A M R O H o l d i n g N.V. A m s t e r d a m , The N e t h e r l a n d s C r a g i n F i n a n c i a l Corp. Chicago, I l l i n o i s CAAC Chicago, I l l i n o i s CSC Chicago, I l l i n o i s FR - ** Y-4 A B N A M R O N o r t h America, Inc. Chicago, I l l i n o i s C r a g i n F i n a n c i a l Corp. Chicago, I l l i n o i s CAAC Chicago, I l l i n o i s CSC Chicago, I l l i n o i s FR - ** Y-4 Stichting Administratiekantoor A B N AMRO Holding A m s t e r d a m , The N e t h e r l a n d s C r a g i n F i n a n c i a l Corp. Chicago, I l l i n o i s CAAC Chicago, I l l i n o i s CSC Chicago, I l l i n o i s FR - ** Y-4 Stichting Prioriteit A B N AMRO Holding A m s t e r d a m , The N e t h e r l a n d s C r a g i n F i n a n c i a l Corp. Chicago, I l l i n o i s CAAC Chicago, I l l i n o i s CSC Chicago, I l l i n o i s FR - ** Y-4 First Colonial Bankshares Corporation Chicago, I l l i n o i s First Colonial Investment Services Elmhu r s t , I l l i n o i s FR - ** 9 Federal Reserve Bank of Chicago Section III - Applications Subject Notice Only (Continued) to F e d e r a l R e g i s t e r Comment P e r i o d Ending Date lym Application 4 (c) (8) W h i t e w a t e r Bancorp, Inc. Whitewater, W i s c o n s i n CRA Development Corporation Whitewater, Wi s c o n s i n FR - 11-2-93 Y-4 F i r s t of A m e r i c a B a n k C o r p o r a t i o n K a lamazoo, M i c h i g a n F i r s t of A m e r i c a M o r t g a g e C o m p a n y Kalamazoo, M i c h i g a n FR - 11-2-93 4 (c) (8) B a n k of Mon t r e a l Montr e a l , Canada H a r r i s I n v e s t o r s Direct, Chicago, Il l i n o i s PR - 4 (C) (8) 4 (c) (8) Y-4 B a n k m o n t Financial Corp. N e w York, N e w York H a r r i s I n v e s t o r s Direct, Chicago, Il l i n o i s H a r r i s Bankcorp, Inc. Chicago, Il l i n o i s H a r r i s Inve s t o r s Direct, Chicago, I l l i n o i s F B O P Corporation O a k Park, I llinois F a i r f i e l d Fina n c i a l O a k Park, I l l i n o i s Inc. FR - ** FR - ** FR - ** Inc. Inc. Corporation 10 ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application ROS W a b e n o B a n c o r p o r a t i o n , Inc. Venice, F l o r i d a to r e d e e m 1 , 3 1 6 s h a r e s of stock N - Newspaper FR - Federal Register * - S u b j e c t to P r o v i s i o n s o f C o m m u n i t y R e i n v e s t m e n t A c t ** - N o t a v a i l a b l e a t this time 11 AVAILABILITY OF CRA PUBLIC EVALUATIONS The f o l l o w i n g s t a t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the F e d e r a l R e s e r v e B a n k o f C h i c a g o f o r comp l i a n c e w i t h the CRA. The 3 0 - b u s i n e s s d a y p e r i o d the b a n k h a s to m a k e the e v a l u a t i o n p u b l i c h a s l a p s 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 22, 1993. If y o u are i n t e r e s t e d in o b t a i n i n g a c o p y o f the e v a l u a t i o n d o c u m e n t , p l e a s e c o ntact the bank(s) directly. Identification of Ratings O- A n i n s t i t u t i o n i n this g r o u p h a s a n o u t s t a n d i n g r e c o r d of, a n d is a leaderin, a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d c a p a b i l i t i e s . S- A n i n s t i t u t i o n i n this g r o u p ha s a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g a n d h e l p i n g to m e e t the credit n e e d s o f it s e n t i r e d e l i n e a t e d c o m m u n i t y , i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r c o n s i s t e n t with its reso u r c e s and capabilities. N I - A n i n s t i t u t i o n in this g r o u p n e e d s to i m p r o v e i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f it s e n t i r e d e l i n e a t e d community, i n c l u d i n g low- a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s , in a m a n n e r consistent w i t h its resources a n d c a p a b i l i t i e s . S N - A n i n s t i t u t i o n in this gr o u p h a s a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f it s e n t i r e d e l i n e a t e d community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s , in a m a n n e r consistent wi t h its resources and c a p a b i l i t i e s . BANK NAME/LOCATION DATE RATINGS -OMNIBANK 10474 N e s t J e f f e r s o n River Rouge, M i c h i g a n (313) 8 4 3 - 8 8 5 0 EXAMINATION 7/06/93 S -Mi l l b r o o k - N e w a r k B a n k R o u t e 71 a n d U n i o n S t r e e t P.O. B o x 2 Newark, I l l i n o i s 60541 7/12/93 S -Clear L a k e B a n k a n d Trust C o m p a n y 322 Main, P.O. B o x 8 Cl e a r Lake, I o w a 5 0 428 (515) 3 5 7 - 7 1 2 1 7/19/93 S -Union B a n k & T r u s t C o m p a n y Two E a s t M a in, B o x 115 Evansville, W i s c o n s i n 53536 (608) 8 8 2 - 5 2 0 0 7/19/93 S 48218 12 Federal Reserve Bank of St. Louis FOR THE VEEK ENDING OCTOBER 22, 1993 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period None. Application SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period * Section 3(a)(3) application by Sun Financial Corporation, Earth City, Missouri, to acquire First National Bank of Annapolis, Annapolis, Missouri. Newspaper: 11-20-93 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) application by Cass Commercial Corporation, St. Louis, Missouri, to engage in data processing activities through its wholly-owned subsidiary, Cass Logistics, Inc., Bridgeton, Missouri. (previously reported during week ending 10-15-93) 11-15-93 Section 4(c)(8) notification by National Commerce Bancorporation, Memphis, Tennessee, to expand the geographic scope of operations of its finance company subsidiary, National Commerce Finance Company, Germantown, Tennessee. (previously reported during week ending 10-15-93) 11-9-93 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None. *This application is subject to CRA. End of Comment Period FEDERAL RESERVE BANK OF 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 o f 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank English State Bank October 22, 1993 Bank Address P. 0. Box 428 English, Indiana 47118 Examination Date 3-30-92 Examination Rating Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application BNCCORP, Inc. Bismarck, ND To acquire, via merger, 100% of the voting shares of Farmers & Merchants Bancshares, Inc., Beach, ND, a one bank holding company owning the Farmers & Merchants Bank, Beach, ND* 11-19-93 (Federal Register) Robert Cameron Trust and Louise Cameron Trust, as well as Lee Cameron in his capacity as co trustee of these two trusts Retroactive - To acquire control of 100% of the voting shares of First National Agency Company of Deer River, Inc., Deer River, MN. Not yet available Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending October 22, 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. B A N K (S ) EXAMINED American State Bank P. 0. Box 1178 700 E. Sioux Pierre, SD 57501-1178 (605) 224-9233 DATE OF EXAMINATION July 19, 1993 CRA RATING Outstanding Federal Reserve Bank of Kansas City S ECTION I - APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E O N L Y APPLICATION Boatmen's Bank of Southwest Missouri, Carthage, Missouri, for prior approval to open a branch banking facility at 402 South Rangeline, Joplin, Missouri. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Carl Dudrey, St. John, Kansas, and Pat Laudermilk, Sterling, Kansas, for prior approval to acquire 51 percent and 17 percent, respectively, in Coronado, Inc., Sterling, Kansas. Not Available Wesley Rubenich, Wichita, Kansas, for prior approval to increase his ownership interest in Attica Financial Corporation, Attica, Kansas, from 25.16 percent to 40.06 percent. Not Available Greater Metro Bank Holding Company, Aurora, Colorado, for prior approval to acquire 100 percent of the voting shares of Montbello Bankcorp, Inc., Denver, Colorado.* Not Available S E CTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R N O T I C E ONLY APPLICATION Neosho Bancshares, Inc., Neosho, Missouri, for prior approval to acquire 33.3 percent of DigiSource, Inc., Fayetteville, Arkansas. COMMENT PERIOD ENDING DATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R E G I S T E R N O T I C E OR NEWSPAPER NOTICE APPLICATION None. Federal Reserve Bank of Kansas City 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. 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 No n e . ♦Application is subject to CRA. CRA Public Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 18, 1993 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTERNOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Carlos Hank Rhon, Lomas Virreyes, Mexico, to acquire an interest in Laredo National Bancshares, Inc., Laredo, TX 93/10/28 ♦Section 3(a)(1) application by Lea County Bancshares, Inc., Hobbs, NM, to acquire Lea County State Bank, Hobbs, NM 93/11/15 ♦Section 3(a)(l)f application by Incus Co. Ltd., Road Town, Tortola, to acquire Laredo National Bancshares, Inc., Laredo, TX, The Laredo National Bank, Laredo, TX, and South Texas National Bank of Laredo, Laredo, TX 93/11/08 ♦Section 3(a)(l)f application by Kline Investment Co., Ltd., Road Town, Tortola, to acquire Laredo National Bancshares, Inc., Laredo, TX, The Laredo National Bank, Laredo, Texas, and South Texas National Bank of Laredo, Laredo, TX 93/11/08 SECTION III - APPLICATIONS SUBJECT TO FEDERAL RE6ISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF OCTOBER 18. 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 Texas Coastal Bank 6731 Spencer Hwy. P. 0. Box 5626 Pasadena, TX 77508 Date of Examination 93/07/19 CRA Rating Substanti al Noncompli ance FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/22/93 Section I - Applications Subject to Newspaper Notice Only A d d !ication Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Pacific Rim Bancorporation, San Francisco, California, to become a bank holding company by acquiring 100 percent of Golden Gate Bank, San Francisco, California. * Newspaper: Not available Fed. Rea.: 11/12/93 Carl 0. Schatz, Encino, California, to increase his ownership from 9.92 percent to 15.09 percent of Bank of Encino, Encino, California. Newspaper: Not available Fed. Reg.: Not available Section III - Applications Subject to Federal Register Notice Only The Dai-Ichi Kangyo Bank, Ltd., Tokyo, Japan, to Fed. Rea.: acquire Equipment Credit Services, Inc., San Francisco, California, and certain assets of LB Credit Corporation, San Francisco, California, through CIT Group Holdings, Inc., New York, New York. Not available The Sumitomo Bank, Limited, Osaka, Japan, to engage Fed. Rea.: de novo in providing general information and stastical forecasting with respect to foreign exchange markets and providing assistance to customers in monitoring, evaluating and managing their foreign exchange exposures, through Sumitomo Bank Capital Markets, Inc., New York, New York. Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (con t'd.) Week Ending 10/22/93 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending October 22, 1993. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Ratina* Pacific Western Bank 333 West Santa Clara San Jose, CA 95113 (408) 244-1700 7/06/93 Satisfactory San Benito Bank 300 Tres Pinos Road Hollister, CA 95013 (408) 637-2265 7/19/93 Outstanding *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 resouces and capabilities. Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resouces and capabilities.
@FedFRASER