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ANNOUNCEMENT BOA R D OF G O V E R N O R S OF T H E FEDERAL RESERVE SYSTEM r q 50 , 1991, NO. 43 \\$i A c t i o n s p j ^ t h e Board, its Staff, and R e s e r v e Banks; ions and R e p o r t s R e c e i v e d D u ring the W e e k E n d i n g O c t o b e r 26, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS The government securities market — statement by Governor Mullins before the Subcommittee on Telecommunications and Finance of the House Committee on Energy and Commerce, October 25, 1991. Authorized, October 25, 1991. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES» DOMESTIC Cleveland Dollar Savings and Trust Company, Youngstown, Ohio — to establish a customer bank communication terminal branch at 7941 Truck World Boulevard, Hubbard, Ohio. Approved, October 25, 1991. BANK HOLDING COMPANIES St. Louis Bancshares of Urbana, Inc., Urbana, Missouri — to engage de novo in insurance agency activities. Permitted, October 24, 1991. Kansas City Central of Kansas, Inc., Junction City, Kansas — acquire Central National Bank-Newton, Newton, Kansas. Approved, October 23, 1991. to H.2 OCTOBER 21, 1991 PAGE 2 TO OCTOBER 25, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond Crestar Financial Corporation, Richmond, Virginia — to engage in the sale of variably denominated official payment instruments. Approved, October 24, 1991. Minneapolis First Bancorp, Inc., Huron, South Dakota — to engage in general insurance activities through Stapp Insurance Agency, Newell, South Dakota, and Brunner Insurance Agency, Nisland, South Dakota. Approved, October 25, 1991. Atlanta Hardwick Holding Company, Dalton, Georgia — to merge with Peoples Bartow Corporation, Cartersville, Georgia, and acquire Peoples Bank of Bartow County. Approved, October 23, 1991. Minneapolis Morrill Bancshares, Inc., Sabetha, Kansas — to acquire shares of Morrill & Janes Bancshares, Inc., Hiawatha, Kansas. Approved, October 23, 1991. Chicago OakBanCorporation, Red Oak, Iowa — to acquire Oakland State Bank, Oakland, Iowa. Approved, October 22, 1991. Kansas City Southern Colorado Holding Company, Pagosa Springs, Colorado — to acquire Citizens Bank of Pagosa Springs. Approved, October 25, 1991. Kansas City Standard Bancorporation, Inc., Lincoln, Nebraska — to acquire Standard Bank and Trust, Independence, Missouri. Approved, October 21, 1991. BANK PREMISES Chicago Comerica Bank - Detroit, Detroit, Michigan — investment in bank premises. Approved, October 22, 1991. Kansas City Friendly Bank of Oklahoma City, Oklahoma City, Oklahoma — investment in bank premises. Approved, October 24, 1991. H.2 OCTOBER 21, 1991 PAGE 3 TO OCTOBER 25, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Chicago Dunlap Corporation, Slater, Iowa — shares. Returned, October 23, 1991. redemption of Kansas City Morrill & Janes Bancshares, Inc., Hiawatha, Kansas — redemption of shares. Approved, October 23, 1991. Chicago Rainwood Corporation, Omaha, Nebraska — of shares. Returned, October 24, 1991. Chicago 1st Source Bank, South Bend, Indiana — shares. Approved, October 23, 1991 . redemption redemption of COMPETITIVE FACTORS REPORTS St. Louis Alton Banking and Trust Company, Alton, Illinois, proposed merger with The First National Bank of Brighton, Brighton, Illinois, and Bethalto National Bank, Bethalto, Illinois — report on competitive factors. Submitted, October 24, 1991. S t . Louis American National Bank of Vincennes, Vincennes, Indiana, proposed merger with The Patoka National Bank, Patoka, Indiana — report on competitive factors. Submitted, October 25, 1991. San Francisco Bank of Pullman, Pullman, Washington, proposed merger with Farmers State Bank of Uniontown, Uniontown, Washington — report on competitive factors. Submitted, October 23, 1991. San Francisco Bank of The Pacific, Longview, Washington, proposed purchase of certain assets and assumption of certain liabilities of the Cathlamet, Washington, branch of Columbia Savings Bank — report on competitive factors. Submitted, October 23, 1991. H.2 OCTOBER 21, 1991 PAGE 4 TO OCTOBER 25, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco California Federal Bank, FSB, Los Angeles, California, proposed purchase of certain assets and assumption of certain liabilities of the Costa Mesa, California, branch of Brentwood Bank of California — report on competitive factors. Submitted, October 23, 1991. Chicago CFSB Bancorp, Inc., Lansing, Michigan, proposed acquisition of Union Federal Savings — report on competitive factors. Submitted, October 22, 1991. Dallas First Bank, Farmersville, Texas, proposed merger with First Bank (de novo), McKinney, Texas — report on competitive factors. Submitted, October 25, 1991. Richmond Home Federal Savings Bank of Eastern North Carolina, Greenville, North Carolina, proposed purchase of the Wilson, North Carolina, branch of Barclays Bank of North Carolina,.Charlotte, North Carolina, and Barclays Bank PLC — report on competitive factors. Submitted, October 25, 1991. Boston Lee Bank, Lee, Massachusetts, proposed transfer of the majority of its assets and all of its deposit liabilities to a subsidiary savings bank — report on competitive factors. Submitted, October 21, 1991. Minneapolis MFC First National Bank, Marquette, Michigan, proposed merger with MFC First National Bank, Ispeming, Michigan — report on competitive factors. Submitted, October 22, 1991. New York National Westminster Bank USA, New York, New York, proposed transfer of certain assets to Coutts & Co AG, Zurich, Switzerland, in consideration of the assumption by Coutts of certain deposit liabilities of National Westminster Bank USA — report on competitive factors. Submitted, October 22, 1991. H.2 OCTOBER 21, 1991 PAGE 5 TO OCTOBER 25, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis Rural American Bank - Isle, Isle, Minnesota, proposed merger with First National Bank of Milaca, Milaca, Minnesota — report on competitive factors. Submitted, October 21, 1991. Chicago Summit Bank, Fort Wayne, Indiana, proposed merger with Summit Bank of South Bend, South Bend, Indiana — report on competitive factors. Submitted, October 22, 1991. Chicago West Suburban Bank of Darien, Darien, Illinois, proposed merger with LBM Bank, Aurora, Illinois — report on competitive factors. Submitted, October 22, 1991. Chicago 1st Heritage Bank, Country Club Hills, Illinois, proposed merger with Heritage Bank Country Club Hills — report on competitive factors. Submitted, October 22, 1991. EXTENSIONS OF TIME Atlanta CBW Bancorp, Crawfordville, Florida — extension to January 24, 1992, to acquire Citizens Bank of Wakulla. Granted, October 24, 1991. Staff Director BS&R Chase Bank of Maryland, Baltimore, Maryland — extension to November 1, 1992, to divest of certain property. Granted, October 23, 1991. S t . Louis First Arkansas Bancshares, Inc., Jacksonville, Arkansas — extension to January 15, 1992, to engage de novo in real estate appraisal through First Arkansas Appraisal Service, Inc. Granted, October 23, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extension to October 24, 1992. to divest certain property. Granted, October 24, 1991. H.2 OCTOBER 21, 1991 PAGE 6 TO OCTOBER 25, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Atlanta North Fulton Bancshares, Inc., Roswell, Georgia — extension to January 27, 1992, to acquire Milton National Bank. Granted, October 22, 1991. Cleveland Provident Bancorp, Inc., Cincinnati, Ohio — extension to January 21, 1992, to acquire Suburban Federal Savings and Loan Association, Covington, Kentucky. Granted, October 21, 1991. San Francisco U.S. Bancorp, Portland, Oregon — divest certain properties. Granted, October 22, 1991. Richmond New East Bank of the Albemarle, Elizabeth City, North Carolina — to become a member of the Federal Reserve System. Approved, October 24‘ , 1991. extensions to MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Atlanta — to purchase check processing equipment for Jacksonville and Birmingham Branches. Approved, October 21, 1991. H.2 OCTOBER 21, 1991 PAGE 7 ADDITIONS AND CORRECTIONS TO OCTOBER 25, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis First Tennessee National Corporation, Memphis, Tennessee — proposal that First Tennessee Bank National Association Mississippi, Southaven, Mississippi, a de novo bank, acquire certain assets and assume the deposit liabilities of Mercantile Federal Savings Bank. Approved, October 18, 1991. COMPETITIVE FACTORS REPORTS Atlanta Georgia Financial Corporation, Augusta, Georgia, proposed acquisition of Georgia Bank and Trust Company of Augusta — report on competitive factors. Submitted, October 18, 1991. ENFORCEMENT Secretary BCCI Holdings (Luxembourg) S.A., Luxembourg, and Bank of Credit and Commerce International S.A., Bank of Credit and Commerce International (Overseas) Limited, and International Credit and Investment Company (Overseas) Limited — extension to November 8, 1991, regarding notices of charges concerning Kamal Adham, Khusro Elley, and Sayed Jawhary. Granted, October 18, 1991. INTERNATIONAL OPERATIONS Staff Director BS&R Chase Manhattan Overseas Banking Corporation, Wilmington, Delaware — to acquire shares of Chase AMP Bank Limited, Sydney, Australia; to invest in Devon Holdings, a Delaware subsidiary of CMOBC; and to engage in a joint venture in Australia between Australian Mutual Provident Society and Devon. Permitted, October 18, 1991. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SE C T I O N I ~ A P P L I C A T I O N S S U B J E C T TO N E W S P A P E R N O T I C E ONLY Application C o m m e n t P e r i o d E n d i n g Date N ONE S E CTION II - A P P L I C A T I O N S SUBJECT TO B OTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application C o mment P e r i o d E n d i n g Dat e N ONE S E C T I O N III ~ A P P L I C A T I O N S SUBJECT TO F E D E R A L R E G I S T E R N O T I C E ONLY Application C o m m e n t P e r i o d E n d i n g Date NONE S E CTION IV - A P P L I C A T I O N S N O T S U BJECT TO F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E Application NONE SE C T I O N V - A V A I L A B I L I T Y OF CRA P U B L I C EVALUA T I O N S Institution E x a m i n a t i o n Dat e N ONE Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Noribanking Applications (Subject to Federal Register Notice Only) Saban, S.A., Panama City, Republic of Panama and Republic New York Corporation, New York, New York engage de novo through Republic New York Securities Corporation, New York, New York in discount and full service securities brokerage, investment advisory, and riskless principal activities. N/A U.S. Trust Corporation, New York, New York to engage de novo through its wholly-owned subsidiary, U.S. Trust Company Limited, New York, New York in trust company and data processing activities. 11/12/91 SECTION IV Applications Not Involving ______ Public Comment______ None. Availability of CRA Public Evaluations Week Ending October 26. 1991 NAME O F BANK EXAMINATION DATE None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date 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. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS For week endinar 10/25/91 Institutions Examination Date None Applications Bulletin For Week Ending October 26, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY R e c e i v e d a p p l i c a t i o n on O c t o b e r 2, 1991, from M i n s t e r Sta t e Bank, Minster, Ohio, for p e r m i s s i o n to e s t a b l i s h a b r a n c h at State R o u t e 198, Wapakoneta, Ohio. R e c e i v e d a p p l i c a t i o n on O c t o b e r 24, 1991, from The A n d o v e r Bank, Andover, Ohio, for p e r m i s s i o n to e s t a b l i s h a bran c h at 55 Sou t h Chestnut, Jefferson, Ohio. * N o v e m b e r 2, 1991 * N o t Yet K n o w n # R e c e i v e d a p p l i c a t i o n on O c t o b e r 25, 1991, * N o v e m b e r 19, from W e s B a n c o B a n k Wheeling, Wheeling, W e s t Virginia, to a cquire Bank of Follansbee, Follansbee, W e s t Virginia, p u r u s u a n t to S e c t i o n 18(c) of the Federal D eposit Ins u r a n c e Act. SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NON E SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NON E SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NON E * N F # - Su b j e c t to CR A N e w s p a p e r C o m m e n t Period F ederal R e g i s t e r C o mment Pe r i o d E x p e c t e d to end a p p r o x i m a t e l y 30 days f r o m the d a t e of r e c e i p t of the application. 1991 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date F & M Bank-Broadway, Broadway, Virginia, for membership in the Federal Reserve System.* 11-9-91 Putnam County Bank, Hurricane, West Virginia, to establish a branch at 3058 Mount Vernon Road, Hurricane, West Virginia.* 11-18-91 Signet Bank/Virginia, Richmond, Virginia, to establish an EFT Facility at the Best Products Corporate Headquarters, 1400 Best Plaza, Richmond, Virginia.* 11-22-91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending October 25, 1991 Examination Date The Commercial Bank 37 South Main Street Bel Air, Maryland 21014 Resource Bank P. 0. Box 61009 Virginia Beach, Virginia 8-19-91 23462 8-26-91 Federal Reserve Bank of Atlanta A p p l i c a t i o n s B u l l e t i n f o r W e e k E n d i n g O c t o b e r 25. 1991 S e c t i o n 1 - A p p l i c a t i o n s S ubject t o N e w s p a p e r N o t i c e O n l y Application C o m m e n t P e r i o d E n d i n g Date 1st U n i t e d B a n k B o c a Raton, Florida T o m e r g e w i t h M i z n e r Bank, Boca Raton, Florida, p u r s u a n t to S ection 18(c) of t h e F e d e r a l D e p o s i t Insur a n c e Act. 11-27-91* S e ction 2 - A p p l i c a t i o n s Su b j e c t To Both N e w s p a p e r and Federal R e g i s t e r Not i c e Application C o m m e n t Peri o d E n ding Date M a n s u r a Bancshares, Inc. 11-15-91* Mansura, L o u i s i a n a Federal R e g i s t e r To m e r g e w i t h C o t t o n p o r t Bancshares, Inc., Cottonport, Louisiana, and Cen-La Bancshares, Inc., Marksville, Louisiana, a n d t h e r e b y d i r e c t l y a c q u i r e Cottonport Bancshares' s u b s i d i a r y bank, C o ttonport Bank, Cottonport, Louisiana, and Cen-La Bancshares' su b s i d i a r y bank, Central L o u i s i a n a Bank & Tru s t Company, Marksville, Louisiana. S ection 3 - A p p l i c a t i o n s S ubject to Federal R e g i s t e r N o tice O n l y Application Summit Bank Corporation Atlanta, Geor g i a To e s t a b l i s h Summit Interim, FSB, Atlanta, Georgia, to acquire assets and l i a bilities of the Tucker, Geor g i a b r a n c h of T u c k e r Federal Savings and L o a n Association, Tucker, Georgia, p u r s u a n t to S ection 4(c)(8) of the B a n k H o l d i n g C o m p a n y A c t and the Oakar A m e n d m e n t of FIRREA. C o m m e n t P e riod E n d i n g Date 11-15-91* ♦ S u b j e c t t o P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t Act. S e c t i o n 4 - A p p l i c a t i o n s N o t S u b j e c t to F ederal R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e Application None. F ederal R e s e r v e Bank of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n ding O c t o b e r 25. 1991 Se c t i o n 10 - A v a i l a b i l i t y of CRA P u blic E v a l u a t i o n s T h e C R A p u b l i c e v a l u a t i o n s of the institutions listed b e l o w b e c a m e a v a i l a b l e d u r i n g the w e e k ending Oc t o b e r 25, 1991. Information ab o u t an ins t i t u t i o n ' s C R A ev a l u a t i o n m a y be o b t a i n e d d i r e c t l y from the institution. Bank Examination Date F l orida First Int e r n a t i o n a l Bank Post O f fice B o x 6699 Hollywood, F l o r i d a 33081 (305) 985-3900 07-22-91 First Col u m b i a B a n k Post O f f i c e B o x 211606 Martinez, G e o r g i a 30917 (404) 863-2583 07-15-91 For the w e e k e n d i n g O c t o b e r 12, 1991, Atlanta inadvertently p u b l i s h e d the w e e k l y b u l l e t i n for the w e e k endi n g A u g u s t 31, 1991. A t t a c h e d is t h e co r r e c t b u l l e t i n for the w e e k e n ding O c t o b e r 12, 1991. Federal Reserve Bank of Atlanta A p p l i c a t i o n s Bu l l e t i n for W e e k E n ding O c t o b e r 11. 1991 Se c t i o n 1 - A p p l i c a t i o n s S u b j e c t to N e w s p a p e r N o t i c e O n l y Application Co m m e n t P e r i o d E n d i n g D a t e C o m m e r c i a l State B a n k Orlando, F l o r i d a To e s t a b l i s h a b r a n c h o f fice to be k n o w n as South Sem i n o l e O f f i c e located at 6300 So u t h H i g h w a y 17-92, Casselberry, Florida. 1 1 -07-91* S o u t h T r u s t B a n k of Pine l l a s C o u n t y St. Petersburg, Florida To m e r g e w i t h T h e F lorida B a n k of C o m m e r c e Branch, Clearwater, Florida, l ocated at 2363 Gulf to B a y Boulevard. 1 0 - 28-91* S e c t i o n 2 - A p p l i c a t i o n s S u bject To Bot h N e w s p a p e r and Federal R e g i s t e r N o t i c e Application C o mment P e r i o d E n d i n g D a t e B a r n e t t Banks, Inc. Jacksonville, Flor i d a To ac q u i r e B a r n e t t B a n k of B r o w a r d County, N . A . , Fort Lauderdale, Florida (in o r g a n i z a t i o n ) . Not y e t a v a i l a b l e * R e g i o n a l I n v e s t m e n t Fund, Ltd. Tallahassee, Florida A l o n g w i t h its subsidiary, R e g i o n a l I n v e s t m e n t Corporation, Tallahassee, F l o r i d a ( R I C ) , to b e c o m e bank h o l d i n g c o m p a n i e s t h r o u g h the c harter c o n v e r s i o n of R I C ' s t h r i f t subsidiary, A n d r e w J a c k s o n S a vings Bank, Tallahassee, Florida, w h i c h w i l l be k n o w n as Reg i o n a l Bankcorp. Not yet a v a i l a b l e * C&S/Sovran Corporation Atlanta, G e o r g i a To ac q u i r e 16.6 p e r c e n t of N C N B Corporation, Charlotte, N o r t h Carolina, and t h e r e b y in d i r e c t l y a c q u i r e its b a n k i n g and n o n b a n k i n g subsidiaries. ♦Subject to Provisions 11-08-91* of C o m m u n i t y R e i n v e s t m e n t Act. Se c t i o n 3 - A p p l i c a t i o n s S u bject to Federal R e g i s t e r N o tice Onl y C o m m e n t P e r i o d E n d i n g Date Application None Fe d e r a l R e s e r v e Bank of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g O c t o b e r 11. 1991 S e ction 4 - A p p l i c a t i o n s Not Su b j e c t to F e deral R e g i s t e r Noti c e or N e w s p a p e r N o t i c e Application B r a n n e n Ba n k s of Florida, Inc. Inverness, F l o r i d a To r e d e e m 15.72 p e r c e n t of its ou t s t a n d i n g shares of c o m m o n stock. C itizens C o r p o r a t i o n Eastman, G e o r g i a C o m m i t m e n t w a i v e r request. Se c t i o n 10 - A v a i l a b i l i t y of C R A P u b l i c E v a l u a t i o n s The C R A p u b l i c e v a l u a t i o n s of the insti t u t i o n s listed b e l o w b e c a m e a v a i l a b l e d u r i n g the w e e k ending O c t o b e r 11, 1991. Information ab o u t an i n s t i t ution's CRA e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y from the institution. E x a m i n a t i o n D ate Bank B a n y a n Ban k P. 0. BOX 4230 Boca Raton, F l orida (407) 994-0077 07-08-91 33429 Gulf Ban k P. O. Box 015-299 Miami, F l orida 33101 (305) 358-0700 07-08-91 U n i t e d B a n k of Pinel l a s P. O. B o x 14517 St. Petersburg, F l orida (813) 522-9434 07-08-91 33733 T h e B a n k of N a s h v i l l e P. O. D r a w e r 3376 Nashville, T e n n e s s e e 37219 (615) 271-2000 0 7 - 15-91 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Endinn Date Type Application EFT Firstar Bank Ottunwa Ottumwa, Iowa Econofood Store, 1025 N. Quincy Otturrwa, Icwa* N EFT F ir s ta r Bank Ottunwa Ottunwa, Icwa Quincy Place Mall, Highway 34 and Quincy Avenue Ottunwa, Icwa* N - ** Merger/ Branch The Auburn State Bank Auburn, Indiana Citizens State Bank Waterloo, Iowa Branch at Waterloo Location* N - 11-7-91 Branch Midwest Commerce Banking Company Elkhart, Indiana N - 11-9-91 - ** Comer of Ironwood and State Road 23 N, South Bend, Indiana* Merger/ Branch Chemical Bank Michigan Clare, Michigan Chemical Bank Gladwin County Beaverton, Michigan 190 S. Ross Street Beaverton, Michigan* N - ** Branch Chemical Bank Michigan Clare, Michigan N - ** 245 E. Cedar Avenue Gladwin, Michigan* Branch Chemical Bank Michigan Clare, Michigan 2673 W M-61 Gladwin, Michigan* N - ** Branch Chemical Bank Michigan Clare, Michigan 27 E M-61 Gladwin, Michigan* N - ** EFT 1st Source Bank South Bend, Indiana Pilgrim Place Mall 2500 North Oak Road Plymouth, Indiana* N - ** Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Canment Period Application Ending Date Type Merger/ Branch Sanilac County Bank Deckerville, Michigan State Bank of Croswell Croswell, Michigan 65 N. Howard, Cnosvell, Michigan* N - ** Branches Sanilac County Bank Deckerville, Michigan Burtchville Township, Michigan Croswell, Michigan Detroit, Michigan Lakeport, Michigan Lexington, Michigan 5200 E. Peck Road Croswell, Michigan* N - ** Type Section II - Applications Subject to Both Newspaper and Federal Register Notice Canment Period Ending Date Application Y-l Rory Hammes Bancorp, Inc. South Bend, Indiana Peoples Bank Marycrest Bradley, Illinois* FR - 10-24-91 N - 10-21-91 Y-2 First Citizens Financial Corp. Charles City, Icwa Alta Vista Bancshares, Inc. Alta Vista, Iowa Alta Vista State Bank Alta Vista, Icwa* FR - 10-29-81 N - 11-5-91 Y-2 Van Diest Investment Company Ankeny, Iowa (formerly Ankeny Investment Company) The Altoona State Bank Altoona, Iowa* FR - 11-7-91 N - 10-24-91 Y-2 Prairie Bancorp, Inc. Manlius, Illinois Farmers State Bank of Ferris Ferris, Illinois* FR - 11-8-91 N - 10-18-91 Federal Reserve Bank of Chicago Type Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Gcmnent Period Application Ending Date Y-l Mahaska Investment Company Employee Stock Ownership Plan Oskaloosa, Icwa Mahaska Investment Ccmpaiy Oskaloosa, Iowa Mahaska State Bank Oskaloosa, Icwa The First National Bank of Sumner Sumner, Iowa* FR - 11-15-91 N - ** Y-2 Chadwick Bancshares, Inc. Chadwick, Illinois Miles Service Corporation Miles, Iowa Miles Savings Bank Miles, Icwa* FR - ** N - ** Y-l CBOC, Inc. Oconto Falls, Wisconsin Ccmnunity Bank of Oconto County Oconto Falls, Wisconsin* FR - ** N - ** Y-2 NBD Bancorp, Inc. Detroit, Michigan Gainer Corporation Merrillville, Indiana Gainer Bank, National Association Gary, Indiana* FR - 11-15-91 N - ** Y-l NBD Indiana, Inc. Detroit, Michigan Gainer Corporation Merrillville, Indiana Gainer Bank, National Association Gary, Indiana* FR - 11-15-91 N - ** Section III - Applications Subject to Federal Register Notice Only Garment Period Ending Date Type Application Y—4 ABN AMRO Bank N.V. Amsterdam, Netherland Talman Home Federal Savings and Loan Association Chicago, Illinois FR - 10-29-91 Y-4 ABN AMRO North America, Inc. Chicago, Illinois Talman Hone Federal Savings and Loan Association Chicago, Illinois FR - 10-29-91 Y-4 ABN/AMRO Holding N.V. Amsterdam, Netherland Talman Home Federal Savings and Loan Association Chicago, Illinois FR - 10-29-91 Y-4 Stichting Administratiekantoor ABN/AMRO Holding Amsterdam, Netherland Talman Home Federal Savings and Loan Association Chicago, Illinois FR - 10-29-91 Y-4 Stichting Prioriteit ABN/AMRO Holding Amsterdam, Netherland Talman Home Federal Savings and Loan Association Chicago, Illinois FR - 10-29-91 4(c)(8) Capital Directions, Inc. Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - Tax Planning and Tax Preparation FR - 10-29-91 4(c)(8) Capital Directions, Inc. Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - Consumer financial Counseling FR - 10-31-91 Federal Reserve Bank of Chicago 2 Section III - Acolications Subject: tr> Federal Register Notice Only Continued Comment Period Application RnHinq Date Y-4 Ccmerica Incorporated FR - 11-7-91 Detroit, Michigan Midlantic National Bank & Trust Co./Florida Boca Raton, Florida 4(c)(8) Unionbancorp, Inc. (formerly First Onion Bancorporation) Streator, Illinois Uniondata Corp., Inc. Streator, Illinois FR - 11-7-91 Y-4 First of America Bank Corporation Kalamazoo, Michigan Champion Federal Savings and Loan Association Bloomington, Illinois FR - 11-15-91 4(c)(8) Alpha Financial Group, Inc. FR - 11-15-91 Minonk, Illinois Dace Insurance Agency Toluca, Illinois - to acquire the assets and continue to engage in insurance agency activities 4(c)(8) Alpha Financial Group, Inc. FR - 11-15-91 Minonk, Illinois Bob Bockler Insurance Agency Washburn, Illinois - to acquire the assets and continue to engage in insurance agency activities Y-4 Mahaska Investment Company Employee Stock Ownership Plan Oskaloosa, Iowa MIC Leasing Co. Oskaloosa, Iowa - Engage in leasing of personal property FR - 11-15-91 4(c)(8) Mahaska Investment Company ESQP Oskaloosa, Iowa Engage in making and servicing loans through EHC FR - 11-15-91 4(c)(8) Mahaska Investment Company Oskaloosa, Iowa Engage in making and servicing loans through EHC FR - 10-31-91 Federal Reserve Bank of Chicago Section III - Applications Subject- t-n Ttarteral Register Notice Only Continued Comment Period Application Ending Date Y-4 Illinois Financial Services, Inc. Chicago, Illinois and Civic Federal Savings Bank Chicago, Illinois FR - ** Y-4 Metropolitan Bancorp, Inc. Chicago, Illinois Civic Federal Savings Bank Chicago, Illinois FR - ** Y-4 Union Bancorporation Defiance, Icwa Defiance Insurance Agency, Inc. Defiance, Iowa FR - ** Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Ccmmunity Reinvestment Act Not available at this time 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 25, 1991. BANK NAME/LOCATION EXAMINATION DATE Federal Reserve Bank of St. Louis FOR THE WEEK ENDING OCTOBER 25, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Stock redemption notification involving Steelville Community Banc-Shares, Inc., Steelville, Missouri Not applicable Federal Reserve Bank of St. Louis FOR THE WEEK ENDING October 25, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name Citizens Bank of New Haven Bank Address 100 Circle Drive New Haven, Missouri Examination Date 7-22-91 63068 FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Endincr Date Applic a t i o n Security Bank Minnesota A l bert L e a , M N To r e l o c a t e a branch in Austin, M N Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice A pplication Comment Period Endincr Date Prairie Bancshares, Inc. Lester Prairie, MN To a cquire 100% of Silver Lake Bancorporation, Inc., Silver Lake, Minnesota, a obhc owning the Citizens State Bank of Silver Lake, Silver Lake, MN* 11-7-91 (Federal Register) Gary M a r s h i k To increase his ownership interest from 15.76% to 20.0% of Canton Bancshares, Inc., Canton, SD (Retroactive) 11-7-91 (Federal Register) Garwin McNeilus; Denzil McNeilus and M c N e i l u s Financial, Inc. To a c quire control of 37.75%; 37.75% and 24.50%, respectively, of M o w e r Agency, Inc., Austin, MN Not yet available The M e r c h a n t s Holding Company Winona, MN To a c quire 28.72% of Bank of Melrose, Melrose, WI* Not yet available * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subj e c t to Federal Register Notice O n l y Co m m e n t Period E n d i n g Date A pplication H oughto n Financial, Inc. Houghton, MI To engage de novo in servicing loans. 11-7-91 Norwest Corporation Minneapolis, M N Through Crop Hail Management proposes to acquire certain assets of A l lied Crop Agency, Inc., Des Moines, IA 11-4-91 K imberly Leasing Corporation A u g u s t a , WI To engage in community development through the acquisition of Island Place Limited Partnership, Augusta, Not y e t available WI. Norwest Corporation, Mpls, MN; Norwest Financial Services, Inc., Des Moines, IA; Norwest Financial, Inc., Des Moines, IA, to engage in consumer finance activities through the acquisition of certain assets of Southern Mortgage & Finance Corporation, Las Vegas, New Mexico. N o t y e t available Section IV - Applications Not S u bject to Federal Register Notice or Newspaper Not i c e Applic a t i o n None. FEDERAL RESERVE BAKE OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending October 25, 1991 B a n k Na m e / C i t y / S t a t e Examination Date Telephone # S e c u r i t y Bank & Trust Co. Webster, S D July 29, (605) 1991 345-3306 Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER N O T I C E ONLY APPLICATION F i r s t S t a t e B a n k of T a o s , T aos, N e w M e x i c o , for p r i o r a p p r o v a l for m e m b e r s h i p in t h e F e d e r a l R e s e r v e System.* COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NO T I C E APPLICATION COMMENT PERIOD ENDING DATE W i l l i a m M a r c h , O m a h a , N e b r a s k a , for p r i o r a p p r o v a l to i n c r e a s e h i s o w n e r s h i p in B a n k M a n a g e m e n t , Inc., W a h o o , N e b r a s k a , by 2 4 . 4 6 p e r c e n t to 71.26 percent. Not Available U n i t e d M i s s o u r i B a n c s h a r e s , Inc., K a n s a s C i t y , M i s s o u r i , for p r i o r a p p r o v a l to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of C o l u m b i n e N a t i o n a l Bank, Denver, Colorado, and 1 0 0 p e r c e n t o f t h e v o t i n g s h a r e s of C o l u m b i n e N a t i o n a l Bank's parent, V i l l a g e Corporation, Denver, Colorado.* Not Available J. D o u g l a s & B a r b a r a R. L a s a t e r , B e a v e r , O k l a h o m a , to i n c r e a s e o w n e r s h i p by 6.6 p e r c e n t to 29.5 p e r c e n t ; L a r r y E. & L e t a M i k l e s , T u r p i n , O k l a h o m a to i n c r e a s e o w n e r s h i p b y 6.7 p e r c e n t to 29.5 p e r c e n t ; a n d C h a r l e s & K a r e n Webe r , B e a v e r , O k l a h o m a to i n c r e a s e o w n e r s h i p by 6 . 8 p e r c e n t to 29.6 p e r c e n t o f B e a v e r B a n c o r p , Inc., Beaver, Oklahoma. Not Available J a m e s M. G r e e n b a u m , P a l m S p r i n g s , C a l i f o r n i a , et. al., to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t Denv e r Corporation, Fort Collins, Colorado. Not Available Federal Reserve Bank of Kansas City C r o s s w h i t e B a n k s h a r e s , Inc., D e n v e r , C o l o r a d o , for p r i o r a p p r o v a l to a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of C r i p p l e Creek B a n c o r p o r a t i o n , Inc., C r i p p l e C r e e k , Colorado.* Not Available S E C T I O N III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE O N L Y APPLICATION COMMENT PERIOD ENDING DATE None. S E C T I O N IV - APPLICATIONS NOT SDBJECT TO FEDERAL R EGISTER N O T I C E OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS BANK/LOCATION EXAMINATION DATE O m n i b a n k Iliff 13 6 9 3 East Iliff Ave Aurora, CO 80014-1318 July 24, 1991 C e n t u r y B a n k A c a d e m y at H a n c o c k P.O. Box 15688 C o l o r a d o Springs, CO 80935-5688 July 29, 1991 F i r s t S t a t e B a n k of H o t c h k i s s P . O . B o x 38 Hotchkiss, CO 81 4 1 9 July 29, 1991 U n i t e d N e b r a s k a Bank P . O . B o x 2 20 N o r t h Platte, NE 691 0 3 July 29, 1991 *Application is s u b j e c t to C R A FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 21, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Carlos Hank Rohn, Lomas Virreyes, Mexico, to acquire an interest in Laredo National Bancshares, Inc., Laredo, TX 91/10/25 Change in Control Notice by Clear Lake National Bank Employee Stock Ownership Plan and Trust, Houston, TX, to acquire an interest in Hometown Bancshares, Inc., Houston, TX N/A Change in Control Notice by Union Carbide Corporation, Danbury, CT, through Benefit Capital Management Corporation, Danbury, CT, as investment manager for The Prudential Insurance Company of America, separate account No. VCA-GA-5298, Danbury, CT, to acquire 19.48 percent; and Union Carbide Corporation, Danbury, CT, through Benefit Capital Management Corporation, as investment manager for Manufacturers Hanover Trust Company, as trustee for the Retirement Program Plan for employees of Union Carbide Corporation, Danbury, CT, and its participating subsidiary companies, to acquire 1.95 percent in Ford Bank Group, Inc., Lubbock, TX N/A Change in Control Notice by Bruce A. Craig, Lumberton, TX; Gary R. Mason, Newburg, MD; Manuel S. Cockburn, La Plata, MD; and Fredrick Henry Goodman, Kountze, TX, to acquire an interest in Bancwell Financial Corporation, Wells, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION None. NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF OCTOBER 21. 1991 Bank Citizens Bank and Trust Company P. 0. Box 150 Baytown, Texas 77520 Date of Examination 07/15/91 * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/25/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Barnes Banking Co., Salt Lake City, Utah, to establish a branch office at 785 Industrial Drive, Layton, Utah. Newspaper: Not yet published. Section II - Applications Subject to Both Newspaper and Federal Register Notice Cowlitz Bancorporation, Longview, Washington, to become a bank holding company through the acquisition of 100 percent of the Cowlitz Bank, Longview, Washington. Newspaper: 11/21/91 Fed. Reo.: Not Available Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations * The CRA public evaluations of the institution below became available during the week ending October 25, 1991. Information about a particular institution's CRA evaluation may be obtained directly from the institutions. Institution Northrim Bank * Subject to CRA Address P. 0. Box 241489 Anchorage, Alaska 99524-1489 Phone: (907) 562-4666 Examination Date 07/15/91
@FedFRASER