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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1994, No. 44
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending October 29, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ADVISORY COUNCILS
Consumer Advisory Council.
Convened, October 27, 199*4.
BANK HOLDING COMPANIES
First United Bancorp, Inc., Florence, Alabama
determination that an application is not required
for the merger of First United with Third National
Corporation, Nashville, Tennessee.
Granted, October 26, 199*4.
Intrust Financial Corporation, Wichita, Kansas -- to
merge with First Moore Bancshares, Inc., Moore,
Oklahoma, and acquire The First Bank.
Approved, October 2*4, 199*4.
BANKS, FOREIGN
Cariplo-Cassa di Risparmio delle Provincie Lombarde,
S.p.A., Milan, Italy -- to establish a
representative office in Los Angeles, California.
Approved, October 2*4, 199*4.
BOARD OPERATIONS
Publication entitled "SHOP. .The Card You Pick Can
Save You Money," to assist consumers in the
selection of a credit card plan.
Published, October 28, 199*4.
REGULATIONS AND POLICIES
Regulation Y -- interim rules to implement changes to
the Board’s application procedures established by
the Riegle Community Development and Regulatory
Improvement Act (Docket R-0852).
Approved, October 2*4, 199*4.
Regulation Y -- request for comment on interim rules
implementing the Riegle Community Development and
Regulatory Improvement Act (Docket R-0852).
Approved, October 25, 199*4.
H.2
OCTOBER 2 4 ,
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1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
RESERVE BANK OPERATIONS
Directors -- appointment of Chairmen and Deputy
Chairmen of the Federal Reserve Banks for 1995.
Announced, October 27, 1994.
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
Chemung Canal Trust Company, Elmira, New York
-- to
establish an offsite electronic facility at WalMart, Building 3, County Route 64.
Approved, October 26, 1994.
Richmond
Chesapeake Bank, Kilmarnock, Virginia -- to establish
a branch in the proposed Winn-Dixie Supermarket at
the southeast corner of Route 5 and Ironbound Road,
Williamsburg, Virginia.
Approved, October 28, 1994.
Kansas City
First United Bank, Parker, Colorado -- to establish a
branch at 8095 East Belleview Avenue, Denver,
Colorado.
Approved, October 27, 1994.
Chicago
Harris Trust and Savings Bank, Chicago, Illinois -to establish a branch at 901 East 47th Street.
Approved, October 28, 1994.
San Francisco
Prinville Bank, Prinville, Oregon -- to establish a
mobile branch in the delineated service area of its
Bend, Oregon, branch.
Approved, October 26, 1994.
Chicago
Wayne Bank and Trust Company, Cambridge City, Indiana
-- to establish a branch at 2260 National Road
West, Richmond, Indiana.
Returned, October 25, 1994.
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TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Cleveland
American Bancorporation, Wheeling, West Virginia, and
American Mortgages, Inc. -- to acquire certain loan
servicing rights from Buckeye Savings Bank, St.
Clairsville, Ohio, and engage in the activities of
making and servicing loans.
Approved, October 28, 1994.
Kansas City
Aspen Valley Bancshares, Inc., Aspen, Colorado -- to
acquire Aspen Valley Bank, N.A.
Withdrawn, October 24, 1994.
Director, BS&R
Bank South Corporation, Atlanta, Georgia -- request
to act as riskless principal or broker for
securities underwritten or dealt in by Bank South
Securities Corporation.
Granted, October 24, 1994.
Secretary
Compass Bancshares, Inc., Birmingham, Alabama -- to
merge Compass Thrift into Compass Bank.
Approved, October 28, 1994.
Atlanta
Deposit Guaranty Corporation, Jackson, Mississippi
request for waiver of application to merge with LBO
Bancorp, Inc., West Monroe, Louisiana, and acquire
Louisiana Bank.
Granted, October 24, 1994.
Cleveland
Fifth Third Bancorp, Cincinnati, Ohio -- to acquire
Mutual Federal Savings Bank of Miamisburg,
Miamisburg, Ohio.
Approved, October 28, 1994.
Dallas
First Bancorp, Inc., Denton, Texas -- to acquire
Burleson State Bank, Burleson, Texas.
Approved, October 25, 1994.
Dallas
First Bancorp, Inc., Denton, Texas --t o acquire
Kaufman Bancshares, Inc., Kaufman, Texas, and
Farmers and Merchants National Bank.
Approved, October 27, 1994.
St. Louis
First Banks, Inc., Clayton, Missouri -- to acquire
River Valley Holdings, Inc., Chicago, Illinois, and
River Valley Savings Bank, FSB, Peoria, Illinois.
Approved, October 28, 1994.
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TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Richmond
First Citizens BancShares, Inc., Raleigh, North
Carolina -- to acquire Pace American Bank,
Lawrenceville, Virginia.
Approved, October 28, 1994.
Dallas
First Delaware Bancorp, Inc., Dover, Delaware -- to
acquire Kaufman Bancshares, Inc., Kaufman, Texas,
and Farmers and Merchants National Bank.
Approved, October 27, 1994.
Minneapolis
First Sleepy Eye Bancorporation, Sioux Falls, South
Dakota -- to acquire Capital Bank, St. Paul,
Minnesota.
Approved, October 24, 1994.
Minneapolis
Fishback Financial Corporation, Brookings, South
Dakota -- to acquire Community State Bank,
Stockholm, South Dakota.
Approved, October 25, 1994.
Chicago
Foxdale Bancorp, Inc., South Elgin, Illinois to
acquire Foxdale Bank.
Returned, October 25, 1994.
M inneapolis
Franklin Bancorp, Inc., Minneapolis, Minnesota -- to
acquire Michael Bancorporation, Inc., St. Paul,
Minnesota.
Approved, October 28, 1994.
New York
GP FINANCIAL CORP., Flushing, New York -- to engage
de novo in community development activities through
Green Point Community Development Corporation.
Permitted, October 27, 1994.
Chicago
Indiana Federal Corporation, Valparaiso, Indiana -request for waiver of filing requirement to acquire
Norcen Bank, Culver, Indiana.
Granted, October 26, 1994.
Chicago
Jesup Bancshares, Inc., Jesup, Iowa -- request for
waiver of application to merge with Fabank, Inc.,
Fayette, Iowa.
Granted, October 25, 1994.
H.2
OCTOBER 24, 1994
PAGE 5
TO
OCTOBER 29, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Richmond
NationsBank Corporation, Charlotte, North Carolina,
and NB Holdings Corporation -- to acquire
Consolidated Bank, N.A., Hialeah, Florida.
Approved, October 25, 1994.
Chicago
NBD Bancorp, Inc., Detroit, Michigan, and NBD
Illinois, Inc., Park Ridge, Illinois -- to acquire
AmeriFed Financial Corp., Joliet, Illinois, and
AmeriFed Bank, F.S.B.
Approved, October 25, 1994.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -- to
engage in residential mortgage lending activities
through Carlson Mortgage Company, Wakefield,
Minnesota.
Approved, October 26, 1994.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -- to
acquire Texas National Bankshares, Inc., Midland,
Texas, and Texas National Bank.
Approved, October 28, 1994.
Secretary
Old National Bancorp, Evansville, Indiana -determination that ONB need not file an application
to acquire Western Indiana Bancorp, Covington,
Indiana.
Granted, October 28, 1994.
Minneapolis
Pequot Area Bancorporation, Inc., Pequot Lakes,
Minnesota -- to acquire Pequot Lakes State Bank.
Approved, October 25, 1994.
Dallas
Prestonwood Bancshares Nevada, Inc., Carson City,
Nevada -- to acquire The Oaks Bank & Trust Company,
Dallas, Texas.
Approved, October 27, 1994.
Chicago
Principal National Bancorp, Inc., Pontiac, Illinois - to acquire Home Guaranty Savings Association,
Piper City, Illinois.
Returned, October 25, 1994.
H.2
OCTOBER 24, 1994
PAGE 6
TO
OCTOBER 29, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta
Regions Corporation, Birmingham, Alabama -- to
acquire Regions Bank of Louisiana, Baton Rouge,
Louisiana.
Approved, October 27, 1994.
Atlanta
Regions Financial Corporation, Birmingham, Alabama,
and Regions Corporation -- to acquire Regions Bank
of Louisiana, Baton Rouge, Louisiana.
Approved, October 27, 1994.
New York
Saban S.A., Panama City, Panama, and RNYC Holdings
Limited, Marina Bay, Gibraltar -- to acquire shares
of Republic New York Corporation, New York, New
York.
Approved, October 28, 1994.
San Francisco
SN, Ltd., Moab, Utah -- to acquire First Western
Bancorporation.
Approved, October 26, 1994.
Dallas
Texas Financial Bancorporation, Inc., Minneapolis,
Minnesota -- to acquire Burleson State Bank,
Burleson, Texas.
Approved, October 25, 1994.
Dallas
Texas Financial Bancorporation, Inc., Minneapolis,
Minnesota -- to acquire Kaufman Bancshares, Inc.,
Kaufman, Texas, and Farmers and Merchants National
Bank .
Approved, October 27, 1994.
Secretary
Trust Company Bank of South Georgia, N.A., Albany,
Georgia; Trust Company Bank of North Georgia,
Gainesville, Georgia, Sun Bank / Gulf Coast,
Sarasota, Florida, SunBank / Tallahassee, N.A.,
Tallahassee, Florida, and The First National Bank
of Florence, Florence, Alabama -- to invest in
SunTrust Service Corporation, A t l a n t a , G e o r g i a , a n d
provide data processing services.
Approved, October 28, 1994.
New York
Unity Bancorp, Inc., Annandale, New
acquire First Community Bank.
Approved, October 26, 1994.
Jersey
--
to
H.2
OCTOBER 24, 1994
PAGE 7
TO
OCTOBER 29, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Village Bancshares, Inc., St. Francis, Minnesota -to acquire Village Bank.
Approved, October 26, 1994.
BANK MERGERS
Secretary
Compass Bank, N.A., Pensacola, Florida -- to acquire
Compass Bank, F.S.B., Jacksonville, Florida.
Approved, October 28, 1994.
Cleveland
Fifth Third Bank, Cincinnati, Ohio -- to merge with
Mutual Federal Savings Bank of Miamisburg,
Miamisburg, Ohio, and to establish branches.
Approved, October 28, 1994.
Richmond
New Pace American Bank, Lawrenceville, Virginia -- to
merge with Pace American Bank, and establish
branches.
Approved, October 28, 1994.
BANK PREMISES
New York
Banco Popular de Puerto Rico, Hato Rey, Puerto Rico - investment in bank premises.
Approved, October 25, 1994.
Kansas City
First United Bank, Parker, Colorado -- investment in
bank premises.
Approved, October 27, 1994.
CAPITAL STOCK
Chicago
Citizens Corporation, Corydon, Iowa -- redemption of
shares.
Approved, October 28, 1994.
Dallas
Town and Country Bancshares, Inc., Stephenville,
Texas -- redemption of shares.
Approved, October 25, 1994.
H.2
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TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Atlanta
American Bankshares, Inc., Marietta, Georgia
change in bank control.
Permitted, October 28, 1994.
Minneapolis
Chisago Bancorporation, Inc., Chisago City, Minnesota
-- change in bank control
Permitted, October 26, 1994.
Chicago
Community Bancshares, Inc., Noblesville, Indiana -change in bank control.
Returned, October 28, 1994.
Dallas
Hamlin Financial Corporation, Hamlin, Texas -- change
in bank control.
Permitted, October 28, 1994.
Chicago
Lena Bancorp, Inc., Lena, Illinois -- change in bank
control.
Permitted, October 24, 1994.
Atlanta
P.C.B. Bancorp, Inc., Largo, Florida -- change in
bank control.
Permitted, October 27, 1994.
COMPETITIVE FACTORS REPORTS
Chicago
American National Bank and Trust Company of Chicago,
Chicago, Illinois, proposed merger with American
National Bank and Trust Company of Wisconsin, Genoa
City, Wisconsin -- report on competitive factors.
Submitted, October 27, 1994.
Boston
Atlantic Bank and Trust Company, Boston,
Massachusetts, proposed merger with Chestnut Hill
Bank and Trust Company, Brookline, Massachusetts -report on competitive factors.
Submitted, October 27, 1994.
Atlanta
Brown Bank, Cobbtown, Georgia, proposed conversion to
a federal stock savings bank through a merger with
The Brown Bank -- report on competitive factors.
Submitted, October 26, 1994.
H.2
OCTOBER 2*4,
PAGE 9
199*4
TO
OCTOBER 2 9 ,
199*4
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Boston
Cape Cod Five Cents Savings Bank, Orleans,
Massachusetts, proposed acquisition of certain
assets and assumption of certain liabilities of the
209 Falmouth Road, Hyannis, Massachusetts, branch
of First Federal Savings and Loan Association,
Rochester, New York -- report on competitive
factors.
Submitted, October 26, 199*4.
Chicago
CB North, Charlevoix, Michigan, proposed purchase of
the assets and assumption of the liabilities of the
Bellaire, Central Lake, and Traverse City branches
of Republic Bank, Ann Arbor, Michigan -- report on
competitive factors.
Submitted, October 27, 199*4.
Cleveland
Citizens Banking Company, Salineville, Ohio, proposed
merger with The New Waterford Bank, New Waterford,
Ohio -- report on competitive factors.
Submitted, October 26, 199*4.
Dallas
Coastal Banc, S.S.B., Houston, Texas, proposed
purchase of assets and assumption of liabilities of
eight branches of Texas Trust Savings Bank, F.S.B.,
Dallas Texas -- report on competitive factors.
Submitted, October 28, 199*4.
Minneapolis
Community First National Bank, Worthington,
Minnesota, proposed merger with Community First
National Bank, Marshall, Minnesota -- report on
competitive factors.
Submitted, October 27, 199*4.
Minneapolis
Community First National Bank, Fergus Falls,
Minnesota, proposed merger with Community First
National Bank, Ada; and Community First National
Bank, Breckenridge, Minnesota -- report on
competitive factors.
Submitted, October 27, 199*4.
H.2
OCTOBER 2 4 ,
PAGE 10
1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Minneapolis
Community First National Bank, Little Falls,
Minnesota, proposed merger with Community First
State Bank, Paynesville; Community First National
Bank, Wheaton; and Community First National Bank,
Morris, Minnesota -- report on competitive factors.
Submitted, October 27, 1994.
Minneapolis
Community First National Bank, Fargo, North Dakota,
proposed merger with Community First State Bank,
Cooperstown; Community First National Bank,
Wahpeton; and Community First National Bank,
Lidgerwood, North Dakota -- report on competitive
factors.
Submitted, October 27, 1994.
Chicago
Farmers State Bank, Jesup, Iowa, proposed merger with
State Bank of Fayette, Fayette, Iowa
report on
competitive factors.
Submitted, October 25, 1994.
Kansas City
Farmers State Bank, Bennet, Nebraska, proposed merger
with Farmers State Bank, Weeping Water, Nebraska -report on competitive factors.
Submitted, October 27, 1994.
New York
First Fidelity Bank, National Association, New York,
Bronx, New York, proposed purchase and assumption,
of certain deposit related loans and the deposit
liabilities of the Katonah branch of Emigrant
Savings Bank, New York, New York -- report on
competitive factors.
Submitted, October 28, 1994.
Philadelphia
First Home Savings Bank F.S.B., Pennsville, New
Jersey, proposed purchase of the assets and
assumption of the liabilities of two branches of
Meridian Bank, Cherry Hill, New Jersey -- report on
competitive factors.
Submitted, October 25, 1994.
H.2
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PAGE 11
1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
New York
First National Bank of Glens Falls, Glens Falls, New
York, proposed merger with The Keesville National
Bank, Keesville, New York -- report on competitive
factors.
Submitted, October 28, 1994.
New York
First National Bank of Rhinebeck, Rhinebeck, New
York, proposed purchase of assets and assumption of
liabilities of the Millerton branch of Wilber
National Bank, Oneonta, New York -- report on
competitive factors.
Submitted, October 27, 1994.
Boston
First NH Bank, Manchester, New Hampshire, proposed
acquisition of the assets and assumption of the
liabilities of Southeast Bank For Savings, Dover,
New Hampshire -- report on competitive factors.
Submitted, October 24, 1994.
Richmond
Granville United Bank, Oxford, North Carolina,
proposed purchase of certain assets and assumption
of the deposit liabilities of the Creedmoor, North
Carolina, branch of Southern National Bank of North
Carolina, Lumberton, North Carolina -- report on
competitive factors.
Submitted, October 24, 1994.
Richmond
Granville United Bank, Oxford, North Carolina,
proposed purchase of the assets and assumption of
the deposit liabilities of the Butner, North
Carolina, branch of Branch Banking and Trust
Company, Wilson, North Carolina -- report on
competitive factors.
Submitted, October 24, 1994.
Kansas City
Johnson County Bank, Overland Park, Kansas, proposed
purchase of certain assets and assumption of
certain liabilities of the branches of Household
Bank,, F.S.B., Newport Beach, California, at 10307
Metcalf Avenue, Overland Park, Kansas, and 13507
Mur Len, Olathe, Kansas -- report on competitive
factors.
Submitted, October 27, 1994.
H.2
OCTOBER 2 4 ,
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1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Kansas City
Key Bank of Colorado, Fort Collins, Colorado,
proposed merger with The Bank of Greeley, Greeley,
Colorado -- report on competitive factors.
Submitted, October 27, 1994.
San Francisco
Klamath First Federal M.H.C., Klamath Falls, Oregon,
proposed transfer of assets and liabilities after
reorganization into a mutual holding company -report on competitive factors.
Submitted, October 28, 1994.
Dallas
Lindale National Bank, Lindale, Texas, proposed
merger with First State Bank, Gladewater, Texas
report on competitive factors.
Submitted, October 26, 1994.
Dallas
Lone Star National Interim Bank, Pharr, Texas,
proposed merger with Lone Star National Bank -report on competitive factors.
Submitted, October 26, 1994.
St. Louis
Mercantile Bank, Jonesboro, Arkansas, proposed merger
with Mercantile Bank, Hardy; Mercantile Bank,
Mammoth Spring; First State Bank of Newport,
Newport; The Bank of Rector, Rector; and Bank of
Weiner, Weiner, Arkansas -- report on competitive
factors.
Submitted, October 27, 1994.
Chicago
MSB Financial, Inc., Marshall, Michigan, proposed
acquisition of the assets and assumption of the
liabilities of Marshall Savings Bank -- report on
competitive factors.
Submitted, October 27, 1994.
Chicago
NBD Bank, Wheaton, Illinois, proposed merger with
AmeriFed Bank, FSB, Joliet, Illinois -- report on
competitive factors.
Submitted, October 25, 1994.
St. Louis
Peoples Bank and Trust Company, Tupelo, Mississippi,
proposed merger with New South Bank, Batesville,
Mississippi -- report on competitive factors.
Submitted, October 26, 1994.
H.2
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PAGE 13
1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Dallas
San Benito Bank & Trust Company, San Benito, Texas,
proposed merger with Pacific Southwest Bank,
F.S.B., Corpus Christi, Texas -- report on
competitive factors.
Submitted, October 26, 1994.
Chicago
SJS Bancorp, Inc., St. Joseph, Michigan, proposal to
convert SJS Federal Savings Bank, St. Joseph,
Michigan, to a federal stock savings bank -- report
on competitive factors.
Submitted, October 27, 1994.
Chicago
TCF Financial Corporation, Minneapolis, Minnesota,
proposed acquisition of the assets and assumption
of the liabilities of Great Lakes Bancorp, a
Federal Savings Bank, Ann Arbor, Michigan -- report
on competitive factors.
Submitted, October 27, 1994.
Kansas City
United Nebraska Bank, Grand Island, Grand Island,
Nebraska, proposed merger with six other affiliated
Nebraska banks -- report on competitive factors.
Submitted, October 26, 1994.
Secretary
University Savings Bank, Seattle, Washington,
proposed merger with First Interstate Bank of
Washington, N.A. -- report on competitive factors.
Submitted, October 28, 1994.
EXTENSIONS OF TIME
Director, BS&R
Baltimore Bancorp, Baltimore, Maryland -- extension
to dispose of certain property.
Granted, October 27, 1994.
H.2
OCTOBER 24, 1994
PAGE 14
TO
OCTOBER 29, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Dallas
Bronte Bancshares, Inc., Bronte, Texas -- extension
to October 31, 1994, to acquire Bronte Bancshares Delaware, Inc., Wilmington, Delaware, and First
National Bank in Bronte, Bronte, Texas.
Granted, October 24, 1994.
Atlanta
First Alliance Bancorp, Inc., Marietta, Georgia -extension to January 27, 1995, to acquire Interim
Alliance Corporation d/b/a Alliance Finance,
Smyrna, Georgia, and engage in consumer finance
activities and act as agent or broker for credit
related insurance.
Granted, October 26, 1994.
St. Louis
First Banks, Inc., St. Louis, Missouri -- extension
to December 15, 1994, to operate a savings
association through the acquisition of St. Charles
Federal Bancshares, Inc., St. Charles, Missouri,
and St. Charles Federal Savings and Loan
Association.
Granted, October 28, 1994.
Dallas
GNB Bancshares, Inc., Gainesville, Texas -- extension
to January 16, 1995, to acquire Lake Cities
Financial Corporation, Lake Dallas, Texas, and Lake
Cities State Bank.
Granted, October 26, 1994.
Dallas
Guaranty National Bancshares, Inc., Wilmington,
Delaware -- extension to January 16, 1995, to
acquire Lake Cities Financial Corporation, Lake
Dallas, Texas.
Granted, October 26, 1994.
Chicago
Town Financial Corporation, Hartford City, Indiana -extension to January 28, 1995, to acquire
Pacesetter Bank of Hartford City, and Pacesetter
Bank of Montpelier, Montpelier, Indiana.
Granted, October 28, 1994.
H.2
OCTOBER 2 4 ,
PAGE 15
1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL. RESERVE BANKS
UNDER DELEGATED AUTHORITY
MEMBERSHIP
Chicago
Foxdale Bank, South Elgin, Illinois -- to become a
member of the Federal Reserve System.
Returned, October 25, 1994.
Secretary
Havana State Bank, Havana, Florida -- to become a
member of the Federal Reserve System.
Approved, October 26, 1994.
Richmond
New Pace American Bank, Lawrenceville, Virginia -- to
become a member of the Federal Reserve System.
Approved, October 28, 1994.
Cleveland
Summit Bank, Fairlawn, Ohio -- to become a member of
the Federal Reserve System.
Approved, October 28, 1994.
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of San Francisco -- renovation
of cash department of the Portland Branch.
Approved, October 29, 1994.
RESERVE BANK SERVICES
Director, FRBO
Guide to the Federal Reserve's Payments System Risk
Policy -- modification of a question in the section
on Monitoring Customer Interday Payment Activity.
Approved, October 28, 1994.
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.
Published, October 28, 1994.
ADDITIONS AND CORRECTIONS
H.2
OCTOBER 2 4 ,
PAGE 16
1994
TO
OCTOBER 2 9 ,
1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Cleveland
Chippewa Valley Bank, Rittman, Ohio -- to establish a
branch at 6990 Greenwich Road, Westfield Center,
Ohio.
Approved, October 21, 1994.
Cleveland
Integra Bank / Pittsburgh, Pittsburgh, Pennsylvania - to establish customer-bank communication
terminals at Imperial Stop N* Shop, 600 Market
Place, Oakdale, Pennsylvania, and Thrift Drug
Store, McKnight Seibert Shopping Center,
Pittsburgh, Pennsylvania.
Approved, October 21, 1994.
Secretary
NationsBank Corporation, Charlotte, North Carolina -request that Panmure Gordon & Company, London,
England, be permitted to increase equity
underwriting limits.
Approved, October 19, 1994.
COMPETITIVE FACTORS REPORTS
Minneapolis
Community First State Bank of Vermillion, Vermillion,
South Dakota, proposed merger with Community First
State Bank of Platte, Platte, South Dakota -report on competitive factors.
Submitted, October 28, 1993.
Cleveland
PNC Bank, Ohio, National Association, Cincinnati,
Ohio, proposed merger with The Brentwood Savings
Association -- report on competitive factors.
Submitted, October 20, 1994.
F E D E R A L R E S E R V E B A N K OF B O S T O N A P P L I C A T I O N S
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Period Ending Date
Comment
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
Benjamin Franklin Bancorp,
M .H .C ., Franklin,
Massachusetts - 3(a)(1)
Newspaper
10-16-94
Federal Register
10-21-94
application to acquire
Benjamin Franklin Savings
Bank, Franklin, Massachusetts*
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
Fleet Financial Group, Inc.,
Providence, Rhode Island 4( c ) (8) notification to
engage de novo in community
development activities
Federal Register
Fleet Financial Group,
Not Yet Established
Providence, Rhode Island 4(c)(8) notification to
acquire at least 50% and up
to 100% of The Providence
Group Investment Advisory
Company, Providence,
Rhode Island
Inc.,
Federal Register
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
10-31-94
S E C T IO N V
-
A V A IL A B IL IT Y
Institution
Union Trust Company
P.0. Box 479
Ellsworth, Maine
04605
Phone #:
OF CRA P U B L IC
Examination Date
July 11, 1994
E V A L U A T IO N S
Rating*
**
"O"
(207) 667-2504
*Subject to CRA.
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
"N"
F e d e ra l R eserve Bank o f New Y o rk
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Marine Midland Bank, Buffalo, New York, to establish a branch
at P&C Store # 130, 3577 West Genesee Street, Syracuse, New
York.1/
11/25/94
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Notice of Change in Bank Control on behalf of David J.
Dalrymple, Robert H. Dalrymple, and Mary E. Dalrymple,
("Notificants") with respect to the acquistion of 149,499
additional shares of common stock of Chemung Financial
Corporation, Elmira, New York ("Chemung")/ thereby increasing
Notificants' ownership to 17.53 percent as a result of the
proposed merger of Owego National Financial Corporation,
Owego, New York, with and into Chemung.
N/A
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
CS Holding and its subsidiary Credit Suisse, both of Zurich,
Switzerland, to engage in providing investment advisory
services, through their subsidiary, BEA Associates, New York,
New York, with respect to certain non-financial futures, and
options on such contracts, for hedging and non-hedging
trading purposes.
N/A
HSBC Holdings pic, London, United Kingdom, and HSBC Holdings
BV, Amsterdam, The Netherlands, to engage de novo through
their subsidiary, James Capel, Incorporated, New York, New
York in full service and discount brokerage acting as agent
in the private placement of all types of securities and
providing related advisory services, acting as a riskless
principal in buying and seeing all types of securities, and
providing investment and financial advice.
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 29, 1994
NAME OF BANK
RATING
EXAMINATION DATE
None.
H|(N|CO|
/
/
/
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
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Guaranty Bancshares Corporation, Shamokin, Pennsylvania (HGuarantyM) has filed a Notice
of Change in Bank Control on behalf John (Jack) D. and Maureen Moran in connection with
their intention to acquire up to 24.9% of the voting shares of Guaranty. (The proposal
involves an increase in ownership of stock from 9.9% to 24.9%. This Notice has been
resubmitted; the previous incomplete Notice was returned. A federal register notice has
already been published, within the last 90 days, for that Notice).
Newspaper comment period:
Fed. Reg. comment period:
* (published with previous notice)
11/14/94
08/30/94*
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
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 28, 1994.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:
institution's
CRA
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
Examination Date
CRA Rating
Madison Bank
1767 Sentry Park West
Blue Bell, PA 19422
5/31/94
Satisfactory
F e d e r a l R ese r v e B a n k
of C l e v e l a n d
P. 0. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending October 29,1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received Section 18(c) application from
Integra Bank/North, Titusville, Pennsylvania,
on October 18, 1994, to acquire the Bradford,
Pennsylvania, branch office of Bucktail
Bank and Trust Company, Emporium,
Pennsylvania.
* Not Yet Known #
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a)(1) prior notice from Merchants
Bancorp of Pennsylvania, Inc., Kittanning, Pennsylvania,
on November 4, 1994, to acquire The Merchants National
Bank of Kittanning, Kittanning, Pennsylvania.
* Not Yet Known #
Received Notice of Change in Bank Control from F. Preston
Farmer, London, Kentucky, on October 27, 1994, to retain
up to 12.34 percent of the outstanding shares of First
National London Bankshares Corp., London, Kentucky.
* Not Yet Known #
Received Section 3(a)(1) application from Laurel Capital
Group, Inc., Allison Park, Pennsylvania, on October 25,
1994, to acquire Laurel Savings Bank, Allison Park,
Pennsylvania.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt
* November 19, 1994
F e d e r a l R ese r v e B a n k
of C l e v e l a n d
P. O. BOX 6387
CLEVELAND, OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending October 29,1994)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE*
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date of Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(October 29, 1994)
The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended November 4, 1994. If you are
interested in obtaining a copy of an evaluation document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighbQfrhbpds, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
-eapabihtiosr—
The I luntington Slate Bank
4 West Main Street
Alexandria. Ohio 43001
(614)924-2911
Rating: Outstanding
Hxam Dale: August 24. 1994
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
F & M Bank-Emporia, Emporia, Virginia,
to establish an Electronic Funds Transfer
Facility at 1-95 and U.S. Highway 58,
Emporia, Virginia.*
11-23-94
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
Summit Financial Corporation, Greenville,
South Carolina, to acquire assets of Academy
Finance, Inc., Kingstree, South Carolina, and
E-Z Loans, Inc., Lake City, South Carolina.
Not yet available.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
None .
-"Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending October 28, 1994
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.
The Commonwealth Bank
9310 Midlothian Turnpike
Richmond, Virginia 23235-4947
Examination
Date____
Rating
8-15-94
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 28, 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Date
Comment Period Ending
First Western Bank
11-24-94*
Cooper City, Florida
To establish a branch located at the northwesterly corner- of the
intersection of Pines Boulevard and 184th Avenue, Pembroke Pines,
Florida.
Banco Noroeste S.A.
Sao Paulo, Brazil
To establish an international
Florida.
Trust Company Bank
Atlanta, Georgia
To establish a branch
Atlanta, Georgia.
Not yet available*
agency
to
be
located
in
Miami,
10-28-94*
located
at
760
West
Peachtree
Street,
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Date
Comment Period Ending
The Colonial BancGroup, Inc.
11-22-94*
Montgomery, Alabama
Newspaper
To acquire Brundidge Banking Company, Inc., Brundidge, Alabama,
pursuant to Section 3( a ) (3) of the Bank Holding Company Act.
Florida Gulfcoast Bancorp,Inc.
11-25-94*
Sarasota, Florida
Newspaper
1-BHC formation, Enterprise National Bank of Sarasota, Sarasota,
Florida.
:
UniSouth, Inc.
10-31-94*
Umatilla, Florida
Federal Register
After-the-fact change in control notice by John Findley Nelson,
Jr., to retain 13.3 percent of the outstanding shares of UniSouth,
Inc., Umatilla, Florida.
Century South Banks, Inc.
Not yet available*
Dahlonega, Georgia
To acquire First Community Bank of Dawsonville, Dawsonville,
Georgia, pursuant to Section 3(a)(3) of the Bank Holding Company
Act.
*Subject to provisions of the Community Reinvestment Act.
F e d e r a l R e s e rv e Bank o f 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 f o r Week E n d i n g O c t o b e r
28,
1994
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Century South Banks, Inc.
Not yet available*
Dahlonega, Georgia
To merge with Gwinnett Bancorp, Inc., Duluth, Georgia, and thereby
acquire Gwinnett National Bank,
Duluth,
Georgia,
pursuant to
Section 3 ( a ) (5) of the Bank Holding Company Act.
Metro Financial Corporation
Not yet available*
Atlanta, Georgia
After-the-fact change in control notice by Mr. Rayburn J. Fisher,
Jr., to retain an additional 3.87 percent of the outstanding shares
of Metro Financial Corporation,. Atlanta, Georgia.
Total ownership
will equal 10.54 percent.
Whitney Holding Corporation
New Orleans, Louisiana
To
acquire
Whitney
Bank
organization), pursuant to
Company A c t .
11-21-94*
Federal Register
of
Alabama,
Mobile,
Alabama
(in
Section 3(a) (3) of the Bank Holding
S & V Holding Company
11-25-94*
Maryville, Tennessee
1-BHC formation, Etowah Bancing Company, Etowah, Tennessee, and its
subsidiary,
Southern
United
Bank
of McMinn
County,
Etowah,
Ten n e s s e e .
*S u b je c t
to
p ro v is io n s
of
the
Com m unity
R e in v e s tm e n t
A ct.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending October 28, 1994
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
Barnett Banks, Inc.
Not yet available*
Jacksonville, Florida
To
acquire
EquiCredit
Corporation,
Jacksonville,
Florida,
pursuant to Section 4(c) (8) of the Bank Holding Company Act and
thereby engage in the following activities:
1) the origination of
consumer finance home equity loans secured by first or second
mortgages, and unsecured consumer finance loans; 2) the servicing
of consumer finance home equity loans secured by first or second
mortgages,
and
unsecured
consumer
finance
loans;
3)
the
securitization of consumer finance home equity loans via sale to
the secondary market; 4) acting as principal, agent, or broker for
insurance that is directly related to an extension of credit, and
is limited to ensuring the repayment of an outstanding balance due
(up to certain limits) on the extension of credit in the event of
the death, disability, or involuntary unemployment of the debtor;
5) such other activities as are reasonably incidental to the abovedescribed activities.
These activities are pursuant to Sections
225.25(b)(1)(i) and 225.25(b)(8)(ii) of the Board's Regulation Y.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
*Subject to provisions of the Community Reinvestment Act.
A p p lic a tio n s
F e d e r a l R e s e rv e Bank o f A t l a n t a
B u l l e t i n f o r Week E n d in g O c t o b e r
28,
1994
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.
Sati sfactory
record of meeting community credit needs :
An
institution has a satisfactory record of ascertaining and helping
to meet thecredit
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
The
Terrace Bank
of Florida
Post Office Box 16828,
Temple Terrace
Tampa, Florida
33687
(813)985-1128
Rating
Date
Satisfactory
04-09-94
Federal Reserve- Bank .of::Chicago^:
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
Merger
First Bank North
Freeport, Illinois
DeKalb, Illinois branch of
Home Federal Savings & Loan Association
Elgin, Illinois
N
Branch
First of America Bank-West Michigan
Grand Rapids, Michigan
347 South Division Avenue
Grand Rapids, Michigan
N - **
Me rge r/Branch
First of America Bank - West Michigan
N - 10-29-94
Grand Rapids, Michigan
Grand Rapids, Michigan branch of
Great Lakes Bancorp, A Federal Savings Bank
Ann Arbor, Michigan and branch at 2355 Burton
Street, Southeast, Grand Rapids, Michigan*
Membership
Foxdale Bank (in organization)
South Elgin, Illinois
To become a member of the Federal
Reserve System*
N
Membership
Fifth Third Bank of Central Indiana
Indianapolis, Indiana
to become a member of the Federal
Reserve System*
N - **
Membership
Fifth Third Bank of Southeastern Indiana
Batesville, Indiana
to become a member of the Federal
Reserve System*
N - **
Merger
Bank of Oakfield
Oakfield, Wisconsin
Van Dyne Branch of M&I Central State Bank
Ripon, Wisconsin*
N
- 10-24-94
- 10-26-94
**
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Tvoe
Application
CoC-HC
WFC, Inc.
Waukon, Iowa
James E. Sweeney and Margo Sweeney
FR - 11-8-94
N - **
CoC-HC
State Center Financial, Inc.
State Center, Iowa
by Craig H. Haesemeyer
FR - 10-17-94
NP - **
Y-2
Pinnacle Banc Group, Inc.
Oak Brook, Illinois
Acorn Financial Corp.
Oak Park, Illinois
Suburban Trust & Savings Bank
Oak Park, Illinois*
FR - 10-24-94
NP - 10-8-94
Y-2
Amcore Financial, Inc
Rockford, Illinois
NBA Holding Company
Aledo, Illinois
Bank of Aledo
Aledo, Illinois*
FR - 10-24-94
NP - 10-20-94
Y- 1
C.B. Bank Shares, Inc.
Russiaville, Indiana
Central Bank (formerly Central National
Bank of Howard County)
Russiaville, Indiana*
FR - 11-4-94
N
- 10-26-94
CoC-HC
Savanna Bancorp, Inc.
Savanna, Illinois
by Dr. Walter Nehrkorn
FR - **
N
- **
Y-l
Raddatz Family Limited Partnership
Chicago, Illinois
East Side Financial, Inc.
Chicago, Illinois
East Side Savings Bank
Chicago, Illinois*
FR - 10-19-94
N - 10-26-94
Y-l
Foxdale Bancorp, Inc.
South Elgin, Illinois
Foxdale Bank (in organization)
South Elgin, Illinois*
FR - 10-31-94
N - 10-26-94
Federal -Reserve- Bank- of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type,
Application
Y-2
Firstar Corporation
FR - 10-31-94
Milwaukee, Wisconsin
N - 10-29-94
First Colonial Bankshares Corporation
Chicago, Illinois
Hi-Bancorp, Inc.
Highwood, Illinois
GNP Bancorp, Inc.
Mundelein, Illinois
First Colonial/York, Inc.
Chicago, Illinois
All American Bank of Chicago
Chicago, Illinois
Avenue Bank of Oak Park
Oak Park, Illinois
Colonial Bank
Chicago, Illinois
Community Bank and Trust Company of Edgewater
Chicago, Illinois
First Colonial Bank of Downers Grove
Downers Grove, Illinois
First Colonial Bank of DuPage County
Naperville, Illinois
First Colonial Bank of Lake County
Vernon Hills, Illinois
First Colonial Bank of McHenry County
Crystal Lake, Illinois
First Colonial Bank Northwest
Niles, Illinois
First Colonial Bank/Rosemont
Rosemont, Illinois
First Colonial Bank Southwest
Burbank, Illinois
Fox Lake State Bank
Fox Lake, Illinois
Michigan Avenue National Bank of Chicago
Chicago, Illinois
Northlake Bank
Northlake, Illinois
York State Bank
Elmhurst, Illinois
First Colonial Bank-Mundelein
Mundelein, Illinois
First Colonial Bank-Highwood
Highwood, Illinois*
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-2
Firstar Corporation of Illinois
FR - 10-31-94
Milwaukee, Wisconsin
N - 10-29-94
First Colonial Bankshares Corporation
Chicago, Illinois
Hi-Bancorp, Inc.
Highwood, Illinois
GNP Bancorp, Inc.
Mundelein, Illinois
First Colonial/York, Inc.
Chicago, Illinois
All American Bank of Chicago
Chicago, Illinois
Avenue Bank of Oak Park
Oak Park, Illinois
Colonial Bank
Chicago, Illinois
Community Bank and Trust Company of Edgewater
Chicago, Illinois
First Colonial Bank of Downers Grove
Downers Grove, Illinois
First Colonial Bank of DuPage County
Naperville, Illinois
First Colonial Bank of Lake County
Vernon Hills, Illinois
First Colonial Bank of McHenry County
Crystal Lake, Illinois
First Colonial Bank Northwest
Niles, Illinois
First Colonial Bank/Rosemont
Rosemont, Illinois
First Colonial Bank Southwest
Burbank, Illinois
Fox Lake State Bank
Fox Lake, Illinois
Michigan Avenue National Bank of Chicago
Chicago, Illinois
Northlake Bank
Northlake, Illinois
York State Bank
Elmhurst, Illinois
First Colonial Bank-Mundelein
Mundelein, Illinois
First Colonial Bank-Highwood
Highwood, Illinois*
.Federal Reserve Bank. of CMcago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type,
Application
Y-l
Ogden Bancshares, Inc.
Ogden, Iowa
City State Bank
Ogden, Iowa*
FR
N
11-11-94
Y-2
FBOP Corporation
Oak Park, Illinois
Citizens National Bank
Teaque, Texas*
FR
N
11-11-94
10-23-94
CoC-HC
Mid-America National Bancorp,
Chicago, Illinois
Harold P. O'Connell, Jr.
FR
N
10-31-94
**
Y-2
Coal City Corporation
Coal City, Illinois
Peterson Bank
Chicago, Illinois*
FR
N
11-13-94
Y-2
Manufacturers National Corporation
Chicago, Illinois
Peterson Bank
Chicago, Illinois*
FR
N
11-13-94
**
Y-2
Philipps Investment Company Limited
Wapiti, Wyoming
Gratiot Bancshares, Inc.
Gratiot, Wisconsin
Gratiot State Bank
Gratiot, Wisconsin
FR
NP
8-06-94
7-23-94
Y-2
Greatbanc, Inc.
FR
Aurora, Illinois
N
Greatbank
Algonquin, Illinois--to reactivate a charter*
Y-l
Mediapolis Bancorporation
Mediapolis, Iowa
Mediapolis Savings Bank
Mediapolis, Iowa*
CoC-HC
Citizens Central Bancorp,
Macomb, Illinois
Mary Eleanor Satter
Inc.
**
**
10-28-94
**
FR - 11-11-94
N - 10-31-94
Inc.
FR - 11-9-94
_ **
N
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-2
Firstar Corporation
Milwaukee, Wisconsin
First Moline Financial Corp.
Moline, Illinois
First Moline
Moline, Illinois
First Federal Savings Bank of Moline
Moline, Illinois
First Moline Real Estate Corp.
Moline, Illinois
FFM-CMO, Inc.
Moline, Illinois*
FR - 11-14-94
N - **
Y-2
Firstar Corporation of Iowa
Des Moines, Iowa
First Moline Financial Corp.
Moline, Illinois
First Moline
Moline, Illinois
First Federal Savings Bank of Moline
Moline, Illinois
First Moline Real Estate Corp.
Moline, Illinois
FFM-CMO, Inc.
Moline, Illinois*
FR - 11-14-94
N - **
Y-2
Royal Bankshares, Inc.
Elroy, Wisconsin
Iowa-Grant Bankshares,
Cobb, Wisconsin
Cobb State Bank
Cobb, Wisconsin*
FR - 11-19-94
N - 11-7-94
Inc.
Y-2
San Jose Banco, Inc.
Fremont, Indiana
First National Bank of Fremont
Fremont, Indiana*
FR - 11-19-94
N - **
Y-2
Oak Bancorporation
Oakland, Iowa
Security Bancorp
Stanton, Iowa
Security State Bank
Stanton, Iowa*
FR - 11-21-94
N - 11-6-94
Federal Reserve.vBank of Chicago
.
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
TyRe
ADolication
CoC-HC
Community Illinois Corporation
Rock Falls, Illinois
Louis F. Pignatelli
FR - 11-15-94
N - 9-21-94
CoC-HC
Community Bancshares,
Noblesville, Indiana
Richard J. Irving
FR - ★ *
N - **
Y-l
First National Independent Bancorp,
La Grange, Illinois
F.N.B.C. of La Grange
La Grange, Illinois
First National Bank of La Grange
La Grange, Illinois
Mokena State Bank
Mokena, Illinois
Wesco Investment Corporation
La Grange, Illinois
West Chicago State Bank
West Chicago, Illinois*
Y-l
Eiden Interest, Ltd.
Gurnee, Illinois
First Waukegan Corporation
Glenview, Illinois
Bank of Northern Illinois
Glenview, Illinois
Bank of Northern Illinois, N.A.
Waukegan, Illinois*
FR - * *
NP - ★ *
Y-2
Prairie Financial Corporation
Bridgeview, Illinois
Prairie Bank and Trust Company
Bridgeview, Illinois
FR - ★ *
NP - ★ *
Inc.
Inc.
FR - 11-21-94
N - ★*
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
T_YP-e
Application
Y-4
Firstar Corporation
Milwaukee, Wisconsin
Bankerstech, Inc.
Chicago, Illinois
First Colonial Mortgage Corporation
Elmhurst, Illinois
First Colonial Trust Company
Oak Park, Illinois
Midstates Financial Corporation
Schaumburg, Illinois
4c8
IBT Bancorp, Inc.
FR - 10-17-94
M t . Pleasant, Michigan
IBT Financial Services, Inc.
M t . Pleasant, Michigan
to engage de novo in securities brokerage services
4c8
Northern Bankshares, Inc.
FR - 10-17-94
McFarland, Wisconsin
intends to participate in overline loans by
expanding its scope in the activity of making &
servicing loans
Y-4
Firstar Corporation of Illinois
Milwaukee, Wisconsin
Bankerstech, Inc.
Chicago, Illinois
First Colonial Mortgage Corporation
Elmhurst, Illinois
First Colonial Trust Company
Oak Park, Illinois
Midstates Financial Corporation
Schaumburg, Illinois
4 (c) (8)
Old Kent Financial Corporation
FR - 10-31-94
Grand Rapids, Michigan
CDC--to invest in low income housing projects
Y-4
Chadwick Bancshares, Inc.
Chadwick, Illinois
Community Insurance, Inc.
Miles, Iowa
Y-4
Northwest Financial Corp.
Spencer, Iowa
James Mortgage Corporation
Des Moines, Iowa
FR - 10-31-94
FR - 10-31-94
FR - 11-13-94
FR
10-31-94
Federal,.Reserve Bank.-:off/Chicago;.
Section III - Applications Subject to Federal Register
Notice Only
Continued
Type
Application
Y-4
Castle BancGroup, Inc.
DeKalb, Illinois
To acquire direct control and ownership
of Data Processing from First National
Bank in DeKalb, DeKalb, Illinois
FR - 11-8-94
4 (c) (8)
Alpha Financial Group, Inc.
Minonk, Illinois
Alpha Financial Insurance Services, Inc.
Toluca, Illinois--to engage in brokerage
activities in the sale of mutual funds
FR - 11-8-94
Y-4
SBC, Inc.
Countryside, Illinois
Secure Holdings, Inc.
Countryside, Illinois
Secure Savings Bank, FSB
Fontana, California
FR - 11-15-94
Ending Date
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
RoS
Community Illinois Corporation
Rock Falls, Illinois
to purchase an additional 7.5 percent of its
outstanding shares
RoS
First Waukegan Corporation
Glenview, Illinois
to purchase & redeem up to 313,794 shares 149.7%
of its issued & outstanding common stock
N - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
★ * - Not available at this time
AVAILABILITY’OP-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-day business day period
the bank has to make the evaluation public has lapsed during the week ending
October 28, 1994.
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
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.
SN-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 NAME/LOCATION
-NONE
EXAMINATION DATE
RATINGS
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING October 28, 1994
Application
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
None.
Application
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
None .
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
None .
SETION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification of Ratings:
Outstanding record ofmeeting community creditneeds
An institution in this group has an outstanding record of, and isa leader in, ascertaining and helping to
meet the credit needs of itsentire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with itsresources and capabilities.
Satisfactoryrecord ofmeeting community creditneeds
An institution in thisgroup has a satisfactory record of ascertaining and helping to meet the creditneeds
of its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with itsresources and capabilities.
Needs to improve record ofmeeting community creditneeds
An institution in this group needs to improve its overallrecord 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 itsresources and capabilities.
Substantialnoncompliance in meeting community creditneeds
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 tow- and moderate-income neighborhoods, in a
manner consistent with itsresources and capabilities.
FOR THE WEEK ENDING
October 28, 1994
Name of Bank
Bank Address
Farmers and
Merchants Bank
P. 0. Box 938
Hannibal, Missouri
Examination
Date
7-18-92
63401
Examination
Rating
Satisfactory
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
First Western Bank & Trust,
Minot, North Dakota, to become
a member of the Federal Reserve
System
November 30, 1994
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Ending Date
Dutton Bancorporation, Inc.,
Dutton, MT, to acquire 90% of Dutton
State Bank, Dutton, MT*
November 14, 1994
(Federal Register)
Minnesota Valley Bancshares, Inc.,
Minnetonka, MN, to acquire 100%
of Minnwest Incorporated,
Minne tonka, MN*
November 19, 1994
(Federal Register)
Wade Schmidt and James Massee,
Appleton, MN, to each acquire
50% of MPS Investment Company,
Appleton, MN*
Notice Returned
Dakota Community Banshares,
Hebron, ND, to acquire 100% of
the voting shares of Hebron
Banshares, Inc., Hebron, ND,
and 100% of the voting shares
of First State Bank, New
Leipzig, ND*
November 25, 1994
(Newspaper)
Norwest Corporation, Minneapolis,
MN, to acquire 100% of the voting
shares of Babbscha Company, Fridley,
MN*
Not yet available
*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
BNCCORP, Inc., Bismarck, ND, to engage
in data processing activities through
the acquisition of JMS Systems, Inc.,
Bismarck, ND
Not yet available
Norwest Corporation, Minneapolis, MN,
Norwest Financial Special Services,
Inc., Des Moines, IA; and Norwest
Financial, Inc., Des Moines, IA,
To engage de novo in consumer finance,
sales finance, and the sale of book
keeping, payroll and other management
financial reporting conducted in the
State of Michigan
November 15, 1994
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending October 28, 1994
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 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(S) EXAMINED
DATE OF EXAMINATION
CRA RATING
Wadena State Bank
304 Southeast First
Box 191
Wadena, MN 56482-0191
(218) 631-1860
July 25, 1994
Satisfactory
Federal Reserve Bank of Kansas City
S E C T IO N I
-
A P P L IC A T IO N S SU B JEC T TO NEWSPAPER N O T IC E ONLY
APPLICATION
Bank of Holden, Holden, Missouri, for
prior approval to establish a branch
facility in Warrensburg, Missouri.
COMMENT PERIOD ENDING DATE
Not Available
S E C T IO N I I - A P P L IC A T IO N S SU B JE C T TO BOTH
NEWSPAPER AND FEDERAL R E G IST E R N O TIC E
APPLICATION
COMMENT PERIOD ENDING DATE
Altus NBC Corporation, Altus,
Oklahoma, for prior approval to
acquire 100 percent of the voting
shares of Capital National Bank,
Altus, Oklahoma.*
November 25, 1994
Capital City Bancshares, Inc.,
Topeka, Kansas, for prior approval to
acquire 47.5 percent of the voting
shares of Johnson County Bank,
Overland Park, Kansas.*
November 25, 1994
Fourth Financial Corporation,
Wichita, Kansas, to acquire 100
percent of the voting shares of
Blackwell Security Bancshares, Inc.,
Blackwell, Oklahoma.*
November 25, 1994
Bankers' Bank of the West Bancorp,
Inc., Denver, Colorado, for prior
approval to become a bank holding
company through the acquisition of
100 percent of the voting shares of
Bankers' Bank of the West, Denver,
Colorado.*
November 21, 1994
Berlau Bancshares, Inc., Prairie
Village, Kansas, for prior approval
to become a bank holding company
through the acquisition of 100
percent of the voting shares of
Brooke State Bank, Jewell, Kansas.*
November 21, 1994
Federal Reserve Bank of Kansas City
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
The Kinsley Bank
P.O. Box 206
Kinsley, Kansas 67547-0206
Exam Date
07-25-94
CRA Public
Date
CRA
Rating
10-27-94
Satisfactory
OMNIBANK Arapahoe
07-11-94
9250 E. Arapahoe Road
Englewood, Colorado 80112-3627
10-17-94
Satisfactory
Citizens State Bank
P.O. Box 89
Polk, Nebraska 68654-0089
07-18-94
10-20-94
Satisfactory
St. Marys State Bank
P.O. Box 188
St Marys, Kansas 66536-0188
07-18-94
♦Application is subject to CRA.
10-20-94
Satisfactory
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 24, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP
APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
*Section 3(a)(1) application by
Flower Mound, L.C., Flower Mound, TX, to acquire
Security Bank, Flower Mound, TX
(Previously reported during the week of 10-10-94)
11-13-94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
Section 4(c)(8) application by
Finger Interests Number One, Ltd., Houston, TX, to
acquire West Loop Savings & Loan Association, Houston, TX
(immediately following the acquisition, West Loop will be
converted to a state charter savings bank operating under
the name of West Loop Savings, SSB)
(Previously reported during the week of 9-19-94)
Section 4(c)(8) application by
Charter Bancshares, Inc., Houston, TX, to acquire West
Loop Savings & Loan Association, Houston, TX
(immediately following the acquisition, West Loop will be
converted to a state charter savings bank operating under
the name of West Loop Savings, SSB)
(Previously reported during the week of 9-19-94)
Section 4(c)(8) application by
CBH, Inc., Wilmington, D.E., to acquire West Loop
Savings & Loan Association, Houston, TX
(immediately following the acquisition, West Loop will be
converted to a state charter savings bank operating under
the name of West Loop Savings, SSB)
(Previously reported during the week of 9-19-94)
NOTICE EXP
10-31-94
10-31-94
10-31-94
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 24. 1994
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
None.
Date of
Examination
CRA Rating
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 10/28/94
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
Centennial Holdings, Ltd., Olympia,
Washington, to become a bank holding
company by acquiring Centennial Bank,
Olympia, Washington. *
Newspaper:
11/21/94
Fed. Reg.:
11/25/94
Section III - Applications Subject to Federal Register Notice Only
Charter Bancorporation, Inc., Scottsdale,
Arizona, to directly make, acquire or service
loans or other extensions of credit.
Fed. Reg.:
11/18/94
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 10/28/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending October 28, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution
Location
Examination Date
Rating*
None
♦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 noncomoliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
@FedFRASER