View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1992, No. 43
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending October 24, 1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES
Citizens Bancshares of Marysville, Inc., Marysville,
Kansas — to acquire a branch of First Savings
Bank, F.S.B., Manhattan, Kansas.
Approved, October 19, 1992.
ENFORCEMENT
Guardian Bank, Los Angeles, California — written
agreement dated October 14, 1992, with the Federal
Reserve Bank of San Francisco.
Announced, October 20, 1992.
FORMS
Bank Holding Company Reporting Requirements (FR Y-9C)
— to modify the Consolidated Financial Statements
for Bank Holding Companies with Total Consolidated
Assets of $150 Million or More with More Than One
Subsidiary Bank.
Proposed, October 22, 1992.
INTERNATIONAL OPERATIONS
CoreStates Bank, N.A., Philadelphia, Pennsylvania —
to establish a branch in Tokyo, Japan.
Approved, October 22, 1992.
TESTIMONY AND STATEMENTS




Developments in the banking system — statement by
Governor LaWare before the Senate Committee on
Banking, Housing, and Urban Affairs, October 26,
1992.
Authorized, October 22, 1992.

H.2
OCTOBER 19, 1992
PAGE 2

TO

OCTOBER 23, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC




New York

Chemical Bank, New York, New York — to establish
offsite electronic facilities at 1633 Broadway, the
New York Marriott Marquis, 1535 Broadway, and
1 Pierpont Plaza, Brooklyn, New York.
Approved, October 21, 1992.

Philadelphia

Commonwealth Bank, Williamsport, Pennsylvania — to
establish a loan servicing branch at Ferguson
Square, 2790 West College Avenue, State College,
Pennsy1van ia.
Approved, October 21, 1992.

New York

European American Bank, New York, New York —
establish a branch at 15 Southdown Road,
Huntington, New York.
Approved, October 23, 1992.

Chicago

Huron Community Bank, East Tawas, Michigan — to
establish a branch at the northeast intersection of
Traverse Bay State Road and Church Street, Lincoln,
Michigan.
Approved, October 23, 1992.

Philadelphia

Meridian Bank, Reading, Pennsylvania — to relocate a
branch to Square Commercial Center, 1 Center
Square, Hanover, Pennsylvania, from 47 Baltimore
Street.
Approved, October 21, 1992.

Chicago

Old Kent Bank and Trust Company, Grand Rapids,
Michigan — to establish a branch at 333 Bridge
Street.
Approved, October 23, 1992.

to

H.2
OCTOBER 19, 1992
PAGE 3

TO

OCTOBER 23, 1992

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

BANK HOLDING COMPANIES




New York

Chemical Banking Corporation, New York, New York —
to acquire certain assets comprising the stock
transfer business of Bank of America National Trust
and Savings Association, San Francisco, California,
and certain of its affiliated banks, and engage in
certain nonbanking activities.
Approved, October 22, 1992.

Dallas

Childress Bancshares, Inc., Childress, Texas — to
acquire Childress Bancshares of Delaware, Inc.,
Wilmington, Delaware, and First Bank & Trust of
Childress, Childress, Texas.
Approved, October 19, 1992.

Dallas

Childress Bancshares of Delaware, Inc., Wilmington,
Delaware — to acquire First Bank & Trust of
Childress, Childress, Texas.
Approved, October 19, 1992.

Atlanta

Citizens Corporation, Franklin, Tennessee — request
to be released from certain commitments concerning
capital and nonredemption of stock.
Granted, October 23, 1992.

St. Louis

CNB Bancshares, Inc., Evansville, Indiana — to
acquire First Federal Savings Bank of Kentucky,
Madisonville, Kentucky, and engage in credit
related insurance and appraisal activities through
First Home Services Corporation.
Approved, October 22, 1992.

Cleveland

FC Banc Corp., Bucyrus, Ohio —
^ rmers Citizens Bank.
Withdrawn, October 22, 1992.

Minneapolis

First Dakota Financial Corporation, Yankton, South
Dakota — to acquire McCook Bancshares, Inc.,
Salem, South Dakota.
Approved, October 23, 1992.

Atlanta

Georgia Bank Financial Corporation, Augusta,
Georgia — to merge with FCS Financial Corporation,
Martinez, Georgia, and acquire First Columbia Bank.
Approved, October 21, 1992.

to acquire The

H.2
OCTOBER 19, 1992
PAGE 4

TO

OCTOBER 23, 1992

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

BANK HOLDING COMPANIES




Cleveland

Killbuck Bancshares# Inc.# Killbuck# Ohio —
acquire Killbuck Savings Bank Company.
Approvedp October 20# 1992.

to

Dallas

LNB Financial * Delaware# Inc.# Wilmington#
Delaware — to acquire Liberty National Bank#
Austin# Texas.
Returned# October 20# 1992.

Dallas

LNB Financial Corporation# Austin# Texas ~ to
acquire LNB Financial - Delaware# Inc.# Wilmington#
Delaware# and Liberty National Bank# Austin# Texas.
Returned# October 20# 1992.

Kansas City

MNB Bancshares# Inc.# Manhattan# Kansas —
Manhattan National Bank.
Approved# October 20# 1992.

New York

Morgan Guaranty Trust Company of New York# New York#
New York — exemption from reserve requirements for
subordinated debt.
Withdrawn# October 22# 1992.

San Francisco

North Cascades Bancshares# Inc.# Chelen# Washington - to engage de novo in brokerage and investment
advisory services through North Cascades Financial
Services# Inc.
Permitted# October 23# 1992.

Kansas City

Resource One# Inc.# Ulysses# Kansas —
Grant County State Bank.
Approved# October 22# 1992.

to acquire

to acquire The

H.2
OCTOBER 19, 1992
PAGE 5

TO

OCTOBER 23, 1992

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

BANK HOLDING COMPANIES
Minneapolis

St. Stephen BanGroup, Inc., Minneapolis, Minnesota —
to acquire St. Stephen Bancorporation, Inc. Sunfish
Lake, Minnesota, and St. Stephen State Bank, St.
Stephen, Minnesota.
Approved, October 23, 1992.

Chicago

Sullivan Bancshares, Inc., Sullivan, Illinois — to
engage in purchasing loan participations from The
First National Bank of Sullivan.
Returned, October 22, 1992.

St. Louis

UniSouth Capital Corporation, Columbus, Mississippi - to acquire the successor by merger with UniSouth
Banking Corporation.
Returned, October 20, 1992.

Kansas City

United Missouri Bancshares, Inc., Kansas City,
Missouri — to acquire Overland Park Bancshares,
Inc., Overland Park, Kansas.
Returned, October 22, 1992.

BANK MERGERS
Cleveland

KSB Bank, Killbuck, Ohio — to merge with Killbuck
Savings Bank Company.
Approved, October 20, 1992.

BANK PREMISES




Kansas City

Boatmen1s Bank of Southwest Missouri, Carthage,
^ssouri — investment in bank premises.
Approved, October 19, 1992.

Chicago

Harris Bank St. Charles, St. Charles, Illinois —
investment in bank premises.
Approved, October 20, 1992.

Philadelphia

Meridian Bank, Reading, Pennsylvania —
bank premises.
Approved, October 21, 1992.

Dallas

Minden Bank & Trust Company, Minden, Louisiana —
investment in bank premises.
Approved, October 20, 1992.

investment in

H.2
OCTOBER 19, 1992
PAGE 6

TO

OCTOBER 23, 1992

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

BANK PREMISES
Cleveland

Ohio Citizens Bank, Toledo, Ohio —
bank premises.
Approved, October 22, 1992.

investment in

BANKS» NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
San Francisco

Icot Corporation, San Jose, California, and Kaiser
Lakeside Federal Credit Union, Oakland,
California — registration statement.
Withdrawn, October 21, 1992.

San Francisco

Merisel, Incorporated, El Segundo, California —
registration statement.
Withdrawn, October 19, 1992.

BOARD OPERATIONS
Chairman

CAPITAL STOCK
Minneapolis

Securities Investor Protection Corporation —
reappointment of Michael J. Prell as a member of
the board of directors.
Approved, October 20, 1992.
*
*

#

St. Stephen Bancorporation, Inc., Sunfish Lake,
Minnesota — redemption of shares.
Approved, October 23, 1992.

CHANGE IN BANK CONTROL




New York

Amboy Bancorporation, Old Bridge, New Jersey —
change in bank control.
Returned, October 22, 1992.

Dallas

First Jacksboro Bancshares, Inc., Jacksboro, Texas
change in bank control.
Permitted, October 22, 1992.

Atlanta

Guaranty Capital Corporation, Mamou, Louisiana —
change in bank control.
Permitted, October 23, 1992.

H.2
OCTOBER 19, 1992
PAGE 7

TO

OCTOBER 23, 1992

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

CHANGE IN BANK CONTROL
Dallas

Gulf Southwest Bancorp* Inc., Houston, Texas —
change in bank control.
Returned, October 21, 1992.

Dallas

Texas Regional Bancshares, Inc., McAllen, Texas —
change in bank control.
Returned, October 21, 1992.

COMPETITIVE FACTORS REPORTS




Atlanta

AmSouth Bancorporation, Birmingham, Alabama, proposed
acquisition of First Chattanooga Financial Corp,
Chattanooga, Tennessee, and merger of First Federal
Savings Bank with two subsidiary banks of AmSouth
Bancorporation — report on competitive factors.
Submitted, October 20, 1992.

Atlanta

AmSouth Bank of Georgia, Summerville, Georgia,
proposed acquisition of certain assets and
assumption of deposit liabilities of the
Summerville, Georgia, branch of First Federal Bank,
FSB, Chattanooga, Tennessee — report on
competitive factors.
Submitted, October 20, 1992.

Cleveland

Banc One, Cambridge, N.A., Cambridge, Ohio, proposed
purchase of certain assets and assumption of
certain liabilities of the Somerset, Ohio, branch
of Bank One, Athens, N.A., Athens, Ohio — report
on competitive factors.
Submitted, October 23, 1992.

Atlanta

Citizens Bank and Savings Company, Russellville,
Alabama, proposed merger with First State Bank of
Franklin County, Phil Campbell, Alabama — report
on competitive factors.
Submitted, October 23, 1992.

Chicago

Fairmount State Bank, Fairmount, Indiana, proposed
merger with Fairmount Interim Bank — report on
competitive factors.
Submitted, October 20, 1992.

H.2
OCTOBER 19, 1992
PAGE 8

TO

OCTOBER 23, 1992

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

COMPETITIVE FACTORS REPORTS




Cleveland

Farmers State Bank, New Washington, Ohio, proposed
purchase of assets and assumption of liabilities of
the Green Camp, Ohio, branch of BancOhio National
Bank of Columbus, Columbus, Ohio — report on
competitive factors.
Submitted, October 23, 1992.

Atlanta

First Alabama Bancshares, Inc., Montgomery, Alabama,
proposed acquisition of Security Federal Savings
and Loan Association, Nashville, Tennessee —
report on competitive factors.
Submitted, October 19, 1992.

Chicago

First Financial Corporation, Stevens Point,
Wisconsin, proposed merger with Westinghouse
Federal Bank, F.S.B., Galesburg, Illinois — report
on competitive factors.
Submitted, October 20, 1992.

Dallas

First National Bank, Killeen, Texas, proposed merger
with New First National Bank — report on
compet it ive factors.
Submitted, October 22, 1992.

Chicago

Firstar Bank of Fond du Lac, National Association,
Fond du Lac, Wisconsin, proposed merger with
Firstar Bank Princeton, National Association
Princeton, Wisconsin — report on competitive
factors.
Submitted, October 19, 1992.

New York

Green Point Savings Bank, Brooklyn, New York,
proposed acquisition of certain assets and
assumption of certain liabilities of four branches
in Rockland and Westchester counties of Crossland
Federal Savings Bank, Brooklyn, New York — report
on competitive factors.
Submitted, October 22, 1992.

H.2
OCTOBER 19, 1992
PAGE 9

TO

OCTOBER 23, 1992

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

COMPETITIVE FACTORS REPORTS




Chicago

Iowa State Bank, West Bend, Iowa, proposed
acquisition of the assets and assumption of deposit
liabilities of the Fenton, Iowa, branch of Bank
Midwest, Armstrong, Iowa, and to establish a branch
at the Fenton facility — report on competitive
factors.
Submitted, October 22, 1992.

Richmond

Jefferson National Bank, Charlottesville, Virginia,
proposed merger with PeopleTs Bank of Virginia
Beach, Virginia Beach, Virginia — report on
competitive factors.
Submitted, October 19, 1992.

St. Louis

Mega Bank of St. Ann, St. Ann, Missouri, proposed
merger with Mega Bank of St. Louis County, Town and
Country, Missouri, and Mega Bank of St. Charles
County, St. Charles, Missouri — report on
competitive factors.
Submitted, October 19, 1992.

Philadelphia

Meridian Bank, New Jersey, Cherry Hill, New Jersey,
proposed merger with Cherry Hill National Bank,
Medford, New Jersey — report on competitive
factors.
Submitted, October 23, 1992.

St. Louis

Milan Banking Company, Milan, Tennessee, proposed
merger with Jackson National Bank, Jackson, and
First National Bank of Selmer, Selmer, and proposed
purchase of certain assets and assumption of the
liability to pay deposits of Citizens State Bank,
Trenton, Tennessee — report on competitive
factors.
Submitted, October 20, 1992.

Dallas

Texas Community Bank, N.A., (currently First Lakewood
National Bank), Dallas, Texas, proposed purchase of
assets and assumption of liabilities of the Park
Cities, Sherry Lane, and Allen branches of
Benchmark Bank, Quinlan, Texas — report on
competitive factors.
Submitted, October 23, 1992.

H.2
OCTOBER 19, 1992
PAGE 10

TO

OCTOBER 23, 1992

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

COMPETITIVE FACTORS REPORTS
St. Louis

Union National Bank of Arkansas, Little Rock*
Arkansas, proposed merger with Worthen National
Bank of Arkansas — report on competitive factors.
Submitted, October 23, 1992.

St. Louis

Worthen National Bank of Conway, Conway, Arkansas,
proposed purchase of the assets and assumption of
the liabilities of the Conway, Arkansas, branch of
Union National Bank of Arkansas, Little Rock,
Arkansas — report on competitive factors.
Submitted, October 23, 1992.

St. Louis

Worthen National Bank of Russellville, Russellville,
Arkansas, proposed purchase of the assets and
assumption of the liabilities of the Russellville,
Arkansas, branch of Union National Bank of
Arkansas, Little Rock, Arkansas — report on
competitive factors.
Submitted, October 23, 1992.

EXTENSIONS OF TIME




Staff Director
BS&R

BankAmerica Corporation, San Francisco, California —
extension to February 22, 1993, to divest 49
Arizona branches to allow adequate time for
proposed purchaser to receive necessary approvals.
Granted, October 22, 1992.

Dallas

Minden Bancshares, Inc., Minden, Louisiana —
extension to January 9, 1993, to acquire Webster
Bancshares, Inc.
Granted, October 20, 1992.

Dallas

Minden Bank & Trust Company, Minden, Louisiana —
extension to January 9, 1993, to merge with Webster
Bank & Trust.
Granted, October 20, 1992.

Dallas

Minden Bank & Trust Company, Minden, Louisiana —
extension to January 9, 1993, to establish a branch
at 200 Homer Road, and 1316 Sibley Road.
Granted, October 20, 1992.

H.2
OCTOBER 19, 1992
PAGE 11

TO

OCTOBER 23, 1992

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

EXTENSIONS OF TIME
Chicago

Peotone Bancorp, inc., Peotone, Illinois — extension
to January 19, 1933, to acquire shares of Rock
River Bancorporation, Inc., Oregon, Illinois, and
Rock River Bank.
Granted, October 21, 1992.

Atlanta

Phenix - Girard Bancshares, Inc., Phenix City,
Alabama — extension to January 28, 1993, to
acquire Phenix-Girard Bank.
Granted, October 22, 1992.

Chicago

Rock River Bancorporation, Inc., Oregon, Illinois —
extension to January 19, 1993, to redeem shares.
Granted, October 21, 1992.

St. Louis

Tate Financial Corporation, Coldwater, Mississippi —
extension to January 1, 1993, to acquire Senatobia
Bank, Senatobia, Mississippi.
Granted, October 21, 1992.

New York

U.S. Trust Corporation, New York, New York —
extension to January 30, 1993, to engage in trust
company and data processing activities through U.S.
Trust Company Limited.
Granted, October 20, 1992.

RESERVE BANK SERVICES
Director, FRBO

Federal Reserve Bank of San Francisco — to modify
deadline for deposit of country checks and to
implement availability of such deposits.
Approved, October 21, 1992.

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 9, 1992.
Published, October 23, 1992.

H.2
OCTOBER 19, 1992
PAGE 12

ADDITIONS AND CORRECTIONS
TO

OCTOBER 23, 1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES




MNC Financial, Inc., Baltimore, Maryland —
exception for Alfred Lerner from the management
interlocks prohibitions of Regulation L to permit
him to continue to serve as chairman of MNC and
MBNA.
Granted, September 23, 1992.
NationsBank, Charlotte, North Carolina — investment
in MNC Financial, Inc., Baltimore, Maryland.
Approved, September 23, 1992.

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
Application

Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory; "N" 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___________
Chemical Bank, New York, New York to establish a branch
at Jacob Javits Center, 655 West 34th Street, New York,
New York.l/

11/22/92

Chemical Bank, New York, New York to establish
an offsite electronic facility at South Street
Seaport, Fulton Market Building, 11 Fulton Street,
New York, New York.l/

11/22/92

Chemical Bank, New York, New York, to establish
an offsite electronic facility at South Street
Seaport, Pier 17 Building, 89 South Street,
New York, New York.l/

11/22/92

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
VSB Bancorp, Inc., Closter, New Jersey, to become a bank
holding company with respect to Valley Savings Bank,
11/16/92 3/
Closter, New Jersey.1/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Compagnie de Suez, Paris, France and Banque Indosuez,
New York, New York to engage de novo through their
subsidiary, Indosuez Carr Futures, Inc., Chicago,
Illinois, in the provision of brokerage and incidental
investment advisory services with respect to certain
stock index futures contracts and options.

10/23/92

Skandinaviska Enskilda Banken, Stockholm, Sweden
to acquire indirectly through its subsidiary,
FinansSkandic, New York, New York, 100 percent of the
shares of Actium Leasing Corporation and Kadesh Leasing
Corporation, indirect subsidiaries of Bank of America,
N.T. and S.A., San Francisco, California, and thereby
engage in leasing activities.

N/A




SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
The Toronto-Dominion Bank, Toronto, Canada, to engage
de novo through Toronto Dominion Securities (USA) Inc.,
New York, New York, in providing foreign exchange
advisory and transactional services.

N/A

SECTION IV
Applications Not Involving
______ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor­
hoods, in a manner consistent with its resources and capabilities.



Week Ending October 24. 1992
NAME OF BANK

RATING

EXAMINATION DATE

Salamanca Trust Company
107 Main Street
Salamanca, N.Y. 14779

Satisfactory

February 18, 1992

Community Bank of Bergen
County
125 West Pleasant Avenue
Maywood, N.J. 07607

Needs to Improve

March 16, 1992

1/
2/
3/
4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
NONE.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date

NONE.
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
NONE.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

NONE.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




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 23, 1992.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

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




Examination Date
None.

CRA Rating

Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending October 24, 1992
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
Received application from Equibank,
Pittsburgh, Pennsylvania, on October 22,
1992, to merge with Integra National
Bank/Pittsburgh, Pittsburgh, Pennsylvania.

* Not Yet Known #

Received application from Equibank,
Pittsburgh, Pennsylvania, on October 22,
1992, for permission to become a member of
the Federal Reserve System.

Not Yet Known #

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4(c)(8) notice from
November 16, 1992
Farmers & Bancorp, Inc., Archbold, Ohio,
on October 9, 1992, of its intent to sell
all credit life and all credit disability/health
insurance requested by loan customers of its
wholly-owned subsidiary bank, The Farmers &
Merchants State Bank.
The activity will be conducted
by a wholly-owned subsidiary, Independent Life
Insurance Company, in its operation as the principal
in the underwriting of said insurace as reinsurer
in accordance with Section 225.25(b)(8)(B) of
Regulation Y.

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.




Applications Bulletin
For Week Ending October 24, 1992
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
(Continued)
Received Section 4 ( c ) (8) application from
Not Yet Known #
Huntington Bancshares Incorporated, Columbus,
Ohio, on October 13, 1992, to expand the
scope of the activities of its wholly-owned
subsidiary, The Huntington Company, to include
private placement and riskless principal activities;
underwriting and dealing in bank-ineligible
securities; and providing securities brokerage and
investment and financial advisory services,
underwriting and dealing in governmental obligations
and money market instruments.
Received Section 4( c ) (8) application from
* November 12, 1992
Society Corporation, Cleveland, Ohio, on October
13, 1992, to acquire First Federal Savings and
Loan Association of Fort Meyers, Fort Meyers,
Florida.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER NOTICE
NONE

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.




Federal Reserve Bank of Richmond

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

FCFT, Inc., Princeton, West Virginia,
to acquire Peoples Bank of Richwood,
Richwood, West Virginia.*

11-16-92**

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

Eagle Financial Services, Inc., Berryville,
Virginia, to engage in community develop­
ment activities.

11-16-92**

NationsBank Corporation, Charlotte, North
Carolina, to engage in lending and leasing
activities.

11-16-92**

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

Comment Period Ending Date

None.

*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.



Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending October 23, 1992

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

Examination
Date

County Bank of Chesterfield
10400 Hull Road
Midlothian, Virginia 23112
Highlands Union Bank
340 West Main Street
Abingdon, Virginia 24210




Rating

8-3-92

Satisfactory

8-10-92

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 23. 1992

Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

First Alabama Bancshares, Inc.
Montgomery, Alabama
To merge Security Federal Savings
and Loan Association, Nashville,
Tennessee, into First Security Bank
of Tennessee, pursuant to 5( d ) (3) of
the Federal Deposit Insurance Act,
as amended by the Federal Deposit
Insurance Corporation Act of 1991.

11-04-92*

SouthTrust Corporation
Birmingham, Alabama
To indirectly acquire Prime Bank, FSB,
Decatur, Georgia, pursuant to Section
5(d)(3) of the Federal Deposit Insurance
Act, as amended by the Federal Deposit
Insurance Corporation Improvement Act
of 1991.

11-16-92*

Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

First Alabama Bancshares, Inc.
Montgomery, Alabama
To acquire First Security Bank of
Tennessee, Nashville, Tennessee (in
organization).

11-06-92*
Federal Register

First Alabama Bancshares
Montgomery, Alabama
To acquire Security Federal Savings
and Loan Association of Nashville,
Nashville, Tennessee, pursuant to
Section 4 ( c ) (8) of the Bank Holding
Company A c t .

Not yet available*

♦Subject to Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 23. 1992
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

SouthTrust Corporation
Birmingham, Alabama
Along with its subsidiary, SouthTrust
of Florida, Inc., Jacksonville, Florida,
to acquire Gulf & Southern Financial
Corporation, Fort Myers, Florida, and
its two subsidiaries, The National Bank
of Lee County, Fort Myers, Florida, and
Community National Bank of Sarasota County,
Venice, Florida.

11-06-92*
Federal Register

Commerce Bank Corporation
Winter Haven, Florida
1-BHC formation, Commerce Bank of Central
Florida, Winter Haven, Florida.

Not yet available*

Pioneer Bancorp
Clewiston, Florida
1-BHC formation, First Bank of Clewiston,
Clewiston, Florida.

10-29-92*
Federal Register

Adairsville Bancshares
Adairsville, Georgia
Change in control by W.W. Fincher, Jr.;
Ernest Millard Acree, Sr.; Ernest Millard
Acree, Jr.; Charles Milford Morgan, Jr.;
T. Fay Hurley; Thomas L. Manton; Thomas M.
Kinnamon; and Earl T. McGhee, to acquire
56 percent of the outstanding shares of
common stock.
Button Gwinnett Bancorp, Inc.
Snellville, Georgia
To merge with Gwinnett Financial
Corporation, Lawrenceville, Georgia, and
thereby directly acquire its subsidiary
bank, The Bank of Gwinnett County,
Lawrenceville, Georgia.

Not yet available*

11-12-92*
Federal Register

♦Subject to Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 23. 1992
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

SunTrust Banks, Inc.
Atlanta, Georgia
Along with Trust Company of Georgia,
Atlanta, Georgia, to acquire HomeTrust
Bank of Georgia, Gainesville, Georgia.
Swainsboro Bankshares, Inc.
Swainsboro, Georgia
An after-the-fact change in control by
Elmer Lamar Anderson to retain 1.36 percent
of the outstanding shares of common stock.
The acquisition increased his total
ownership to 10.85 percent.
Buffalo River Investment Company
Lobelville, Tennessee
1-BHC formation, to acquire Bank of Perry
County, Lobelville, Tennessee and Lewis
County Bank, Hohenwald, Tennessee.
Claiborne Holding Company, Inc.
Tazewell, Tennessee
Change in control by Eleanor Yoakum
Barger to acquire an additional 12.42
percent of the outstanding shares of
common stock.
Total ownership will
equal 31.64 percent.
First City Bancorp
Murfreesboro, Tennessee
Change in control by William Eugene
Rowland to acquire an additional 4.80
percent of the outstanding shares of
common stock, which will increase his
ownership to 27.73.
Also, Robert Bell
Murfree to acquire an additional 4.87
percent of the outstanding shares of
common stock which will increase his
ownership to 27.30.

10-23-92*
Federal Register

10-28-92*
Newspaper

11-02-92*
Federal Register

Not yet available*

10-29-92*
Federal Register

♦Subject to the Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 23. 1992
Section 3 - Applications Subject to Federal
Register Notice Only

Application

Comment Period Ending Date

SouthTrust Corporation
Birmingham, Alabama
Along with its second-tier holding
company, SouthTrust of Georgia, Inc.,
Atlanta, Georgia, to acquire Prime
Bancshares, Inc., Decatur, Georgia,
pursuant to Section 4( c ) (8) of the
Bank Holding Company A c t .
First Commerce Bancorp, Inc.
Commerce, Georgia
To engage de novo in data processing
activities, pursuant to Section
225.25(b)(7) of Regulation Y.

11-12-92

10-26-92

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
FNB Banking Company
Griffin, Georgia
To redeem 400,000 shares of its common stock.
Trust Company Bank
Atlanta, Georgia
Request for increase in bank premises.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 23. 1992

Section 10 - Availability of CRA Public Evaluations

The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
Bank of Alabama
P.O. Box 340
Fultondale, Alabama
(205) 849-5481
Tri-City Bank and Trust
Company, P.O. Box 277
Blountsville, Tennessee
(615) 323-3161




Rating

Date

Satisfactory

07-27-92

Outstanding

07-20-92

Federal Reserve Bank of Chicago
Section I

-

Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Twe

Application

Oakar

First Citizens Bancorp 01 Indiana
Anderson, Indiana
5 branches of Anderson, Indiana, of
Colonial Central Savings Bank, F.S.B.
Mount Clemens, Michigan*

N

- 9-24-92

Branch

Harbor Springs State Bank
Harbor Springs, Michigan
2201 E. Mitchell Street
Petoskey, Michigan*

N

- **

Branch

Harbor Springs State Bank
Harbor Springs, Michigan
330 E. Mitchell Street
Petoskey, Michigan*

N

- **

Branch

Harris Bank of St. Charles
St. Charles, Illinois
4 contractual branches at
Harris Bank Argo
Summit, Illinois
1 contractual branch at
Harris Bank Barrington, N.A.
Barrington, Illinois
1 contractual branch at
Harris Bank Wilmette, N.A.
Wilmette, Illinois
2 contractual branch at
Harris Bank Winnetka, N.A.
Winnetka, Illinois
2 contractual branches at
Harris Bank Frankfort
Frankfort, Illinois
2 contractual branches at
Harris Bank Hinsdale, N.A.
Hinsdale, Illinois
2 contractual branches at
Harris Bank Glencoe-Northbrook, N.A.
Glencoe, Illinois
3 contractual branches at
Harris Bank Libertyville
Libertyville, Illinois*

N

- 11-13-92




Federal Reserve Bank of Chicago
Section I

-

Applications Subject to Newspaper
Notice Only
fContinued
Comment Period
Ending Date

Type

Application

Oakar

Heritage Financial Services, Inc.
Tinley Park, Illinois
First Chicago Bank for Savings, F.S.B.
Frankfort, Illinois*

N

- 10-24-92

Branch

1st Source Bank
South Bend, Indiana
1701 S. Woodland Avenue
Michigan City, Indiana*

N

- **

Branch

1st Source Bank
South Bend, Indiana
6311 Central Avenue
Portage, Indiana*

N

- **

EFT

Comerica Bank
Detroit, Michigan
1400 Plainfield Road
Grand Rapids, Michigan*

N

- 10-19-92

Oakar

United Bancorp, Inc.
Tecumseh, Michigan
Morenci & Clinton, Michigan offices of
Standard Federal Bank
Troy, Michigan*

N

- 10-21-92

Branch

Omnibank
River Rouge, Michigan
Intersection of Woodward & Manchester
Highland Park, Michigan*

N

- **

Branch

Old Kent Bank and Trust Company
Grand Rapids, Michigan
333 Bridge Street
Grand Rapids, Michigan*

N

- 10-18-92

EFT

Cole Taylor Bank
Chicago, Illinois
Suburban Heights Medical Center
333 Dixie Highway
Chicago Heights, Illinois*

N

- 10-19-92




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
(Continued
Comment Period
Ending Date

Type

Application

EFT

Cole Taylor Bank
Chicago, Illinois
Sam's Club, 9400 South Western Avenue
Evergreen Park, Illinois*

N

- 10-19-92

Branch
Relocation

G.W. Jones Exchange Bank
Marcellus, Michigan
From 110 South Broadway to
110 South Spencer Road
Cassopolis, Michigan*

N

- **

Oakar

First of America Bank Corporation
N - 11-19-92
Kalamazoo, Michigan
Champion Federal Savings and Loan Association
Bloomington, Illinois
First of America Bank-McLean County,
National Association
Bloomington, Illinois*

Oakar

ABN AMRO Bank, N.V.
Amsterdam, The Netherlands
LaSalle Talman Bank, F.S.B.
Chicago, Illinois*

FR - **
N - **

Oakar

ABN AMRO North America, Inc.
Chicago, Illinois
LaSalle Talman Bank, F.S.B.
Chicago, Illinois*

FR - **
N - **

Oakar

ABN/AMRO Holding, N.V.
Amsterdam, The Netherlands
LaSalle Talman Bank, F.S.B.
Chicago, Illinois*

FR - **
N - **

Oakar

LaSalle National Corporation
Chicago, Illinois
LaSalle Talman Bank, F.S.B.
Chicago, Illinois*

FR - **
N - **

Oakar

Stichting Administratiekantoor
ABN AMRO Holding
Amsterdam, The Netherlands
LaSalle Talman Bank, F.S.B.
Chicago, Illinois*

FR - **
N - **




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
(Continued
Type

Application

Oakar

Stichting Prioriteit ABN AMRO Holding
Amsterdam, The Netherlands
LaSalle Talman Bank, F.S.B.
Chicago, Illinois*
Section II

Type

Comment Period
Ending Date
FR - **
N - **

Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Application
Ending Date
-

Y-2

Comerica Incorporated
Detroit, Michigan
Sugar Creek National Bank
Sugar Land, Texas*

FR - 11-2-92
N - **

CoC-HC

Peoples Mid-Illinois Corporation
Bloomington, Illinois
George Parker Kemp

FR - 11-4-92
N - 10-28-92

Y-l

SC Bancorp, Inc.
Worth, Illinois
The Sun City Bank
Sun City, Arizona*

FR - 11-6-92
N - **

Y-2

Southwest Bancorp, Inc.
Worth, Illinois
SC Bancorp, Inc.
Worth, Illinois
The Sun City Bank
Sun City, Arizona*

FR - 11-6-92
N - **

Y-l

Omnibank Corporation
River Rouge, Michigan
Omnibank
River Rouge, Michigan*

FR - 10-23-92
N - 10-21-92

CoC-HC




Metrocorp, Inc.
East Moline, Illinois
Metrocorp, Inc. Employee Stock
Ownership Plan
East Moline, Illinois

FR - 9-21-92
N
- 10-23-92

Federal Reserve Bank of Chicago
Section II

Type
Y-2

Applications Subject to Both Newspaper and Federal
Register Notice
(Continued )
Comment Period
Application
Ending Date
-

Great Lakes Financial Resources, Inc.
Employee Stock Ownership Plan
Homewood, Illinois
Great Lakes Financial Resources, Inc.
Homewood, Illinois
First National Bank of Blue Island
Blue Island, Illinois
Bank of Matteson
Matteson, Illnois
Bank of Homewood
Homewood, Illinois*

FR - 10-29-92
N - 10-26-92

Y-l

Random Lake Bancorp., Limited
Random Lake, Wisconsin
State Bank of Random Lake
Random Lake, Wisconsin*

FR - 10-26-92
N - 9-22-92

Y-2

Peoples Mid-Illinois Corporation
Bloomington, Illinois
Lexington Bancshares, Inc.
Lexington, Illinois
Lexington Bank
Lexington, Illinois*

FR - 10-23-92
N - 10-5-92

Y-l

PMI Acquisition Corporation
Bloomington, Illinois
Lexington Bank
Lexington, Illinois*

FR - 10-23-92
N - 10-5-92

Y-2

Gibson Investment Company
Gibson, Iowa
Wingo, Ltd.
Brooklyn, Iowa
Poweshiek County Savings Bank
Brooklyn, Iowa*

FR - **
N - **

CoC-HC

Wingo, Ltd.
Brooklin, Iowa
Rollin R. Harder

FR - **
N - **




Federal Reserve Bank of Chicago
Section III

-

Applications Subject to Federal Register
Notice Only

Type

Application

Y-4

Old Kent Financial Corporation
Grand Rapids, Michigan
Old Kent Brokerage Services, Inc.
Grand Rapids, Michigan

Comment Period
Ending Date
FR - 11-6-92

Y-4

Henry County Bancorp,Inc.
FR - 11-2-92
Cambridge, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Iroquois Bancorp, Inc.
FR - 11-2-92
Gilman, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Minooka Bancorp, Inc.
FR - 11-2-92
Minooka, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Peotone Bancorp, Inc.
FR - 11-2-92
Peotone, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Rock River Bancorporation
FR - 11-2-92
Oregon, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Southwest Bancorp, Inc.
FR - 11-2-92
Worth, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Terrapin Bancorp, Inc.
FR - 11-2-92
Elizabeth, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois

Y-4

Westbanco, Inc.
f r - l1-2-92
Westville, Illinois
Arizona Reconstruction Finance Company, L.L.C.
Worth, Illinois




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(Continued )
Comment Period
Ending Date

Type

Application

4(c) (8)

Comerica Incorporated
Detroit, Michigan
William Street Apartments Limited
Partnership
Ann Arbor, Michigan

FR - **

4(c)(8)

Irwin Financial Corporation
Columbus, Indiana
Irwin Union Securities, Inc.
Columbus, Indiana

FR - **

4(c)(8)

Edgemark Financial Corporation
Chicago, Illinois
Edgemark Financial Services, Inc.
Countryside, Illinois

FR - 11-6-92

Y-4

FBOP Corporation
Oak Park, Illinois
Fairfield Financial Corporation
Oak Park, Illinois

FR - **

4(c)(8)

Sullivan Bancshares, Inc.
Sullivan, Illinois
Engage in the purchasing of loan
participations from its subsidiary,
The First National Bank of Sullivan
Sullivan, Illinois

FR - 10-23-92

Y-4

First Michigan Bank Corporation
Holland, Michigan
FMB-Brokerage Services, Inc.
Holland, Michigan

FR - **

Y-4

Story County Bancorporation
Jewell, Iowa
Viking Village Company, L.P.
Jewell, Iowa

FR - 10-23-92

Y-4

Cole-Taylor Financial Group, Inc.
Chicago, Illinois
Centre Capital Funding Corp.
Evanston, Illinois

FR - **




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(Continued )

Type

Application

Comment Period
Ending Date

Y-4

Northern Trust Corporation
Chicago, Illinois
Northern Futures Corporation
Chicago, Illinois

4(c)(8)

Citizens Financial Corporation
FR
Fort Atkinson, Wisconsin
To purchase loan participation certificates
from their subsidiary




FR - **

Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice

T}®e
RoS

N
FR
*
**

Application
Wingo, Ltd.
Brooklyn, Iova
To redeem 10,469 shares of common stock

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

-




AVAILABILITY OF CRA PUBLIC EVALUATIONS

The following state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending October 23,
1992. If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

-Citizens First State Bank of Walnut
105 North Main Street, Box 579
Walnut, Illinois
61376-0579
(815)
379-2141

7/13/92

S

-Harris Bank St. Charles
One East Main Street
Saint Charles, Illinois
(708)
377-4100

7/07/92

S

-Farmers State Bank
316 East Saginaw Street, Box 186
Breckenridge, Michigan
48615
(517)
842-3191

7/20/92

S

-Parish Bank and Trust Company
29 Dixie Highway, Box 228
Momence, Illinois
60954
(815) 472-2676

7/20/92




60174

SN

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDINS•'OCTOBER 23, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

Section 5(d)(3) application by Grenada Sunburst
System Corporation, Grenada, Mississippi for its
subsidiary bank, Sunburst Bank, Grenada, Mississippi
to acquire certain assets and assume certain
liabilities of Eastover Bank for Savings, Jackson,
Mississippi
Newspaper: 11/16/92

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

End of Comment Period

Section 3(a)(1) application by First State
Bancshares, Inc., DeQueen, Arkansas to acquire
First State Bank of DeQueen, DeQueen, Arkansas

Newspaper: 11/24/92

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

None.

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

This application is subject to CRA.




Not applicable

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
A n 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 lo w - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
A n institution in this group has a satisfactory 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.
Needs to improve record o f meeting community credit needs
An institution in this group needs to improve its overall 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.
Substantial noncom pliance in meeting community credit needs
A n 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

None




October 23, 1992

Bank Address

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endincr Date

ADDlication
Valley Bank of Ronan
Ronan, MT
To establish a de novo
branch in Hot Springs, MT

Not yet available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Endincr Date

Application
Milk River Investments, Inc.
Hinsdale, MT
To acquire 7.3% of the First
National Bank of Glasgow, Glasgow, MT*

11-16-92
(Federal Register)

Tower Bancshares, Inc.
Cloquet, MN
To acquire Tower-Soudan Agency,
Inc., Tower, MN, a one bank
holding company owning the State
Bank of Tower, Tower, MN*

11-6-92
(Federal Register)

Fairview Bancorporation, Inc.
Fairview, MT
To acquire 85.0% of the Fairview Bank,
Fairview, MT*

11-16-92
(Newspaper)

Section III - Applications Subject
to Federal Register Notice Only
ADDlication

Comment Period
Endincr Date

Security Richland Bancorporation
Not yet available
Miles City, MT
To engage in general insurance agency activities
and acting as principal, agent, or broker for
credit life, accident and health insurance directly
related to an extension of credit by the bank
holding company or any of its subsidiaries through the
acquisition of the book of insurance business from Richey
Bancorporation, Inc., Richey, MT.
♦Subject to CRA



FEDERAL RESERVE BANK OF MINNEAPOLIS

Section III - Applications Subject
to Federal Register Notice Only (Continued)
Comment Period
Endincr Date

Application
Wishek Bancorporation, Inc.
Wishek, ND
To encracre de novo in makina and servicing
loans.

Not yet available

Tower Bancshares, Inc.
Cloquet, MN
To engage in general insurance agency
activities through the acquisition of
Tower Soudan Agency, Inc., Tower, MN.

11-6-92

Marquette Bancshares, Inc.
Mpls, MN
To encracre de novo in data processincr
services.

11-13-92

Marquette Bancshares, Inc.
Mpls, MN
To encraqe de novo in makincr and servicing loans.

11-13-92

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 23, 1992
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
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( ) EXAMINED
S
Security State Bank
and Trust Co.
P. 0. Box 1291
301 Main Street
Poison, MT 59860
(406) 883-5363




DATE OF EXAMINATION
July 20, 1992

CRA RATING
Outstanding

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
Bank of Neosho, Neosho, Missouri, for
prior approval to merge with The
Anderson State Bank, Anderson,
Missouri and the Citizens State Bank,
Granby, Missouri; and incident
thereto, to establish branches under
the Federal Reserve Act.

COMMENT PERIOD ENDING DATE
Not Available

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

COMMENT PERIOD ENDING DATE

Granby Bancshares, Inc., Neosho,
Missouri, for prior approval to
acquire 100 percent of the voting
shares of Anderson Bancshares, Inc.,
and Neosho Bancshares, Inc., both of
Neosho, Missouri.*

Not Available

First Liberty Capital Corporation
ESOP, Hugo, Colorado, for prior
approval to become a bank holding
company through the acquisition of
25.038 percent of the voting shares
of First Liberty Capital Corporation,
Hugo, Colorado.*

Not Available

Peoples Trust of 1987, Ottawa,
Kansas, for prior approval to become
a bank holding company through the
acquisition of 100 percent of the
voting shares of Peoples, Inc.,
Ottawa, Kansas.*

Not Available

Granby Bancshares, Inc., Granby,
Missouri, for prior approval to merge
with Anderson Bancshares, Inc., and
Neosho Bancshares, both of Neosho,
Missouri.*

Not Available

Leroy Trofholz, Schuyler, Nebraska,
for prior approval to acquire 50
percent of the percent of the
outstanding shares of Valley Bank
Shares, Inc., Valley, Nebraska.

Not Available




Federal Reserve Bank of Kansas City

Joseph J. Schuessler, et al, Kansas,
Illinois, for prior approval to
acquire 97.08 percent of the voting
common stock of Paonia Financial
Services, Inc., Paonia, Colorado.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.




Federal Reserve Bank of Kansas City

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

CRA Public
Date

Castle Rock Bank
25 South Wilcox
Castle Rock, Colorado

07-20-92

10-15-92

80104-2428*

*Application is subject to CRA.




CRA
Rating
Outstanding

FEDERAL RESERVE BAN O DALLAS APPLICATIONS BULLETIN
K F
APPLICATIONS A D NOTIFICATIONS FILED DURING THE W
N
EEK OF OCTOBER 19, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP

APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Change in Control Notice by
John T. Cannon, Kenneth B. Clark, Jarvis H. Porter,
Caldwell, TX; and Switzer L. Deason, M. Frank Thurmand,
William R. Vance, Bryan, TX, to acquire an interest in
Caldwell Capital Corporation, Caldwell, TX
(Previously reported during the week of 9-7-92)

** NOTICE EXP

92/11/05

♦Section 3(a)(1) application by
Texas Community Bancshares, Inc., Dallas, TX, to
acquire First Lakewood, Inc., Dover, DE, and First
Lakewood National Bank, Dallas, TX

92/11/07

♦Section 3(a)(1) application by
First Lakewood, Inc., Dover, DE, to acquire First
Lakewood National Bank, Dallas, TX

92/11/07

♦Section 3(a)(3) application by
Texas East Bancorp, Inc., Jacksonville, TX, to
acquire WHIFIN, Inc., Wilmington, DE; Whitehouse
Financial Corporation, Whitehouse, TX; and First
National Bank of Whitehouse, Whitehouse, TX

92/11/07

♦Section 3(a)(3) application by
Texas East Bancorp, Inc., Jacksonville, TX, to
acquire TFC, Inc., Wilmington, DE; Timpson
Financial Corporation, Timpson, TX; and First
State Bank, Timpson, TX

92/11/07

♦Section 3(a)(3) application by
Texas East Bancorp, Inc., Jacksonville, TX, to
acquire CBC, Inc., Wilmington, DE; Cherokee Bancorp,
Inc., Longview, TX; The First State Bank, Big Sandy,
TX; Texas National Bank, Longview, TX; and First State
Bank, Rusk, TX

92/11/07




♦Section 3(a)(3) application by
TEB, Inc., Wilmington, DE, to acquire CBC, Inc.,
Wilmington, DE; Cherokee Bancorp, Inc., Longview, TX;
The First State Bank, Big Sandy, TX; Texas National
Bank, Longview, TX; and First State Bank, Rusk, TX

92/11/07

♦Section 3(a)(3) application by
TEB, Inc., Wilmington, DE, to acquire WHIFIN, Inc.,
Wilmington, DE; Whitehouse Financial Corporation,
Whitehouse, TX; and First National Bank of Whitehouse,
Whitehouse, TX

92/11/07

♦Section 3(a)(3) application by
TEB, Inc., Wilmington, DE, to acquire TFC, Inc.,
Wilmington, DE; Timpson Financial Corporation, Timpson,
TX; and First State Bank, Timpson, TX

92/11/07

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

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

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




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF OCTOBER 19, 1992

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding
leader in, ascertaining and helping to meet the
entire
delineated community,
including
lowneighborhoods,
in a manner consistent
with
capabilities.

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

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

Bank

Date of
Examination

McFarland Brothers Bank
P. 0. Box 97
First & Martinez
Logan, New Mexico 88426

92/07/20




CRA Rating

Satisfactory

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 10/23/92
Section I - Applications Sub.iect to Newspaper Notice Only
Application

Comment Period Ending Date

Independent Bank of Arizona, Phoenix, Arizona,
to become a member of the Federal Reserve
System.

Newspaper:

Not available

Independent Bank of Arizona, Phoenix, Arizona,
to acquire certain assets and assume certain
liabilities of Caliber Bank, Phoenix, Arizona. *

Newspaper:

Not available

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

Comment Period Endino Date

Independent Bancorp of Arizona, San Francisco,
California, to become a bank holding company
by acquiring Independent Banks of Arizona
(In Organization), Phoenix, Arizona. *

Newspaper:

Not available

Fed. Req.:

11/20/92

American Marine Bank Employee Stock Ownership
Plan, Bainbridge Island, Washington, to become
a bank holding company by acquiring American
Marine Bank, Bainbridge Island, Washington. *

Newspaper:

10/30/92

Fed. Req.:

11/23/92

Nasib Gannam, Whittier, California, to increase
his ownership up to 100 percent of Greater
Pacific Bancshares, Whittier, California.

Newspaper:

Not available

Fed. Req.:

Not available

Richard Demerjian, Montebello, California, to
retroactively acquire an additional .2 percent
of Combancorp, Montebello, Calfornia, which
will increase his ownership to 10.01 percent.

Newspaper:

Not available

Fed. Req.:

Not available

Section III - Applications Sub.iect to Federal Register Notice Only
Application

Comment Period Ending Date

DNB Financial, Riverside, California, to
engage de novo directly in mortgage,
commercial and industrial loan activities.

Fed. Reg.:

Not available

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)

Week ending 10/23/92
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending October 23, 1992. Information about a particular
institution's CRA evaluation may be obtained directly from the institution.
Examination Date

Ratinq*

Institution

Location

Farmers and Merchants
Bank of Long Beach

302 Pine Avenue
Long Beach, CA 90802
Tel: (310) 437-0011

6/29/92

Needs to Improve

Northrim Bank

3111 C Street
Anchorage, AK 99524
Tel: (907) 562-0062

7/13/92

Satisfactory

* 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 moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.




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