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ANNOUNCEMENT H . 2, 1991, No. 40 A c t i o n s of the Board, its Staff, and BOA R D OF GOVERNOlKSSEAfiCM LIBRARY the Federal R e s e r v e Banks; OF T H E A p p l i c a t i o n s and R e p o r t s R e c e i v e d FEDERAL RESERVE SYSTEM D u r i n g the W e e k E n d i n g O c t o b e r 5, 1991 Oct 21 I0 c2JSH'9I ACTIONS TAKEN BY THE BOARD OF GOVERNORS FEDERAL RESERVE BANK -------------------------OF CLEVELAND-------------------------------------------TESTIMONY AND STATEMENTS The government securities market — statement by Peter D. Sternlight, Executive Vice President, Federal Reserve Bank of New York before the Subcommittee on Oversight of the House Committee on Ways and Means, September 26, 1991. Published, September 26, 1991. BANK HOLDING COMPANIES First Interstate BancSystem of Montana, Inc., Billings, Montana — to acquire Commerce Bancshares of Wyoming, Inc., Sheridan, Wyoming. Denied, September 30, 1991. ENFORCEMENT Washington Bancorporation, Washington, D.C. — cease and desist order against Donald J. Coleman, former Executive Vice President and Chief Financial Officer. Authorized, September 30, 1991. INTERNATIONAL OPERATIONS State Street International Holdings, Boston, Massachusetts — to acquire Manufacturers Hanover Trust Bank Limited, Tokyo, Japan. Approved, September 30, 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 Richmond George Mason Bank, Fairfax, Virginia — to establish a branch at 226 Maple Avenue West, Vienna, Virginia. Approved, October 1, 1991. H .2 SEPTEMBER 30, 1991 PAGE 2 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC San Francisco Prineville Bank, Prineville, Oregon — to establish a branch at 671 N.E. Greenwood, Bend, Oregon. Approved, October 3, 1991. Secretary Trust Company Bank, Atlanta, Georgia — to establish a remote service facility at 3 Ravinia Drive. Approved, October 2, 1991. BANK HOLDING COMPANIES Chicago Alpha Financial Group, Inc., Minonk, Illinois — to acquire the assets of Dece Insurance Agency, Toluca, Illinois, and Bob Bockler Insurance Agency, Washburn, Illinois, and to continue to engage in insurance agency activities. Returned, October 2, 1991. Minneapolis Beulah Bancorporation, Inc., Beulah, North Dakota — to acquire D & B Holding Company, Inc., and Bank of Beulah. Approved, October 3, 1991. Chicago Capital Directions, Inc., Mason, Michigan — to engage de novo in tax planning and tax preparation services through Monex Financial Services, Inc. Returned, October 3, 1991. Chicago Capital Directions, Inc., Mason, Michigan — to engage de novo in consumer financial counseling through Monex Financial Services, Inc. Returned, October 3, 1991. Minneapolis First Dakota Financial Corporation, Yankton, South Dakota — to engage in nonbanking activities through First Federal Bank, f.s.b., Beresford, South Dakota. Returned, October 4, 1991. Minneapolis First Dakota Financial Corporation, Yankton, South Dakota — praposal that First Federal Bank, f.s.b., Beresford, South Dakota, merge with First Dakota National Bank, Yankton, South Dakota. Returned, October 4, 1991. Minneapolis First Holding Company of Park River, Inc., Park River, North Dakota — to acquire the Security State Bank of Adams, Adams, North Dakota. Returned, October 4, 1991. Kansas City Fremont Bank Corporation, Canon City, Colorado -- to acquire The First National Bank of Arvada, Arvada» Colorado. Approved, September 30, 1991. H .2 SEPTEMBER 30, 1991 PAGE 3 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta • Peoples Independent Bancshares, Inc., Boaz, Alabama - to acquire Peoples Independent Bank of Boaz. Approved, October 1, 1991. GC PNC Financial Corp., Pittsburgh, Pennsylvania — determination that PNC is not capable of controlling FNB Corporation, Hermitage, Pennsylvania, or Regency Consumer Discount Company, Scranton, Pennsylvania. Granted, September 30, 1991. Secretary Provident Bancorp, Inc., Cincinnati, Ohio — to acquire Merit Savings Association, Thrift Savings and Loan Company, and Peoples Federal Savings and Loan Association of Bellevue, Bellevue, Kentucky. Approved, October 4, 1991. Minneapolis Security Richland Bancorporation, Miles City, Montana — to engage de novo in data processing services. Approved, October 3, 1991. Richmond Signet Bank / Maryland, Baltimore, Maryland — to acquire certain assets and assume certain deposit liabilities of Signet Bank, National Association, Washington, D.C. Approved, October 3, 1991. I M K MgRgERS Chicago First of America Bank - West Michigan (formerly PrimeRank, Federal Savings Bank), Grand Rapids, Michigan — to merge with First of America Bank Muskegon, Muskegon, Michigan, and to establish branches. Approved, September 30, 1991. San Francisco Ireland Bank, Malad City, Idaho — to purchase certain assets and assume the deposit liabilities of Security State Bank, Soda Springs, Idaho, and to establish branches. Approved, October 4, 1991. H.2 SEPTEMBER 30, 1991 PAGE 4 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Chicago Old Kent Bank of Kalamazoo, Kalamazoo, Michigan — merge with Old Kent Bank - Southwest, Niles, Michigan, and to establish branches. Approved, September 30, 1991. to BANK PREMISES Chicago Banker’s Bank of Wisconsin, Madison, Wisconsin — investment in bank premises. Approved, October 1, 1991. New York Chemical Bank, New York, New York — bank premises. Approved, October 3, 1991. investment in New York Chemical Bank, New York, New York — bank premises. Approved, October 4, 1991. investment in Chicago Old Kent Bank of Petoskey, Petoskey, Michigan — investment in bank premises. Approved, October 4, 1991. Chicago Port Bryon State Bank, Port Byron, Illinois — investment in bank premises. Approved, October 4, 1991. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS Staff Director BS&R First Commonwealth Trust Company, Indiana, Pennsylvania — transfer agent registration. Approved, October 2, 1991. CHANGE IN BANK CONTROL Dallas Wilson Bancshares, Inc., Wilson, Texas — bank control. Permitted, October 1, 1991. change in H.2 SEPTEMBER 30, PAGE 5 1991 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Bank One, Lima, N.A., Lima, Ohio, proposed merger of Banc One, Wapakoneta, N.A., Wapakoneta, Ohio — report on competitive factors. Submitted, October 2, 1991. Richmond Bay Federal Savings and Loan Association, Baltimore, Maryland, proposed purchase of a branch of Hopkins Federal Savings Bank — report on competitive factors. Submitted, October 3, 1991. Cleveland Citizens State Bank of Strasburg, Strasburg, Ohio, proposed purchase of the assets and assumption of the liabilities of the New Philadelphia, Ohio, and Sherrodsville, Ohio, branches of Society National Bank, Cleveland, Ohio — report on competitive factors. Submitted, October 2, 1991. Cleveland Fifth Third Bank of Western Ohio, N.A., Wapakoneta, Ohio, proposed purchase of certain assets and assumption of the deposit liabilities of the Lima, Ohio, branch of Society Bank & Trust, Toledo, Ohio — report on competitive factors. Submitted, October 2, 1991. Richmond First Citizens Bank & Trust Company of South Carolina, Columbia, South Carolina, proposed acquisition of seven branches of NCNB National Bank of South Carolina — report on competitive factors. Submitted, September 30, 1991. Chicago First National Bank in DeKalb, DeKalb, Illinois, proposed merger with Colonial Bank of Sycamore, Sycamore, Illinois — report on competitive factors. Submitted, October 4, 1991. Cleveland First Seneca Bank, Oil City, Pennsylvania, proposed merger with McDowell National Bank, Sharon, Pennsylvania — report on competitive factors. Submitted, October 2, 1991. H .2 SEPTEMBER 30, 1991 PAGE 6 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Flatonia State Bank? Flatonia* Texas* proposed merger with New Flatonia State Bank — report on compet itive factors. Submitted* October 1* 1991. Boston Grove Bank* Boston* Massachusetts* proposed purchase of certain assets and assumption of certain liabilities of the Blue Hill Federal Credit Union* Brookline* Massachusetts — report on competitive factors. Submitted* October 3* 1991. San Francisco Landmark Bank, La Habra, California, proposed purchase of assets and assumption of liabilities of the Placentia branch of The Bank of California* National Association* San Francisco* California — report on competitive factors. Submitted* October 2* 1991. Cleveland McDowell National Bank, Sharon, Pennsylvania, proposed purchase of assets and assumption of liabilities of six branches of Keystone National Bank* Punxsutawney* Pennsylvania — report on compet it ive factors. Submitted* September 30* 1991. Dallas Meadowbrook National Bank* Fort Worth* Texas* proposed merger with Arlington State Bank* Arlington* Texas* and Bank of North Texas* North Richland Hills* Texas — report on competitive factors. Submitted* October 3* 1991. Chicago Norwest Bank Wisconsin* Green Bay* National Association* Green Bay* Wisconsin* proposed consolidation with Norwest Bank Wisconsin* New Berlin* Norwest Bank Wisconsin East Central* Sheboygan; Norwest Bank Wisconsin Appleton* Appleton; Norwest Bank Wisconsin Northeast* Gillett; and Norwest Investments and Trust Co., Wisconsin* Sheboygan* Wisconsin — report on competitive factors. Submitted* October 1* 1991. H .2 SEPTEMBER 30, 1991 PAGE 7 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City Peoples State Bank, Luray, Kansas, proposed merger with Luray Bankshares, Inc., Luray, Kansas — report on competitive factors. Submitted, October 1, 1991. Chicago Pilot Grove Savings Bank, Pilot Grove, Iowa, proposed purchase of certain assets and assumption of certain liabilities of the West Point, Iowa, branch of State Central Bank, Keokuk, Iowa — report on competitive factors. Submitted, October 4, 1991. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, October 2, 1991. Staff Director BS&R BanPonce Corporation, Hato Rey, Puerto Rico — extension to December 31, 1991, to conform the activities of branches maintained by Banco Popular de Puerto Rico in Los Angeles and Chicago to the International Banking Act. Granted, October 4, 1991. Cleveland Community Independent Bancorp, Inc., West Salem, Ohio — extension to December 30, 1991, to engage de novo in general insurance agency activities through CIB Insurance Agency, Inc. Granted, September 30, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, October 1, 1991. Secretary NCNB Corporation, Charlotte, North Carolina — extension to November 8, 1991, to comment on application to acquire C&S Sovran Corporation, Atlanta, Georgia, and Norfolk, Virginia. Granted, October 4, 1991. H.2 SEPTEMBER 30, 1991 PAGE 8 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond SNB Financial Corporation, Summerville, South Carolina — extension to December 31, 1991, to acquire Summerville National Bank. Granted, October 1, 1991. New York U.S.B. Holding Company, Inc., Nanuet, New York — to acquire up to 9.9 percent of New Milford Bank and Trust Company, Inc., New Milford, Connecticut. Granted, October 2, 1991. San Francisco Wells Fargo & Company, San Francisco, California — extension to divest certain properties. Granted, October 4, 1991. INTERNATIONAL OPERATIONS Philadelphia CoreStates Bank, N.A., Philadelphia, Pennsylvania — to establish a branch in Taipei, Republic of China Approved, September 30, 1991. Staff Director BS&R State Street International Holdings, Boston, Massachusetts — to acquire Manufacturers Hanover Trust Bank Limited, Tokyo, Japan. Permitted, September 30, 1991. REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee — policy record for the meeting of August 20, 1991. Published, October 4, 1991. H .2 ADDITIONS AND CORRECTIONS SEPTEMBER 30, 1991 PAGE 9 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BOARD OPERATIONS Division of Research and Statistics — appointment of William R. Jones as Associate Director. Approved, September 27, 1991. Office of the Director for Information Resources Management — appointment of Bruce M. Beardsley as Deputy Director, Robert J. Zemel as Senior Adviser, and Marianne M. Emerson as Assistant Director for Planning, Support, and Systems Integration. Approved, September 27, 1991. Office of the Director for Information Resources Management — restructuring of the current organisation and related official staff actions. Approved# September 27, 1991. Movmms m po l i c i e s Capital adequacy — modifications, clarifications, and technical changes to fine Federal Reserve’s risk^based capital guidelines (Docket R-0709). Approved# August 21, 1991. H.2 SEPTEMBER 30, 1991 PAGE 10 ADDITIONS AND CORRECTIONS TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES • Secretary Manufacturers Hanover Corporation, New York, New York — to acquire certain assets of Centrust Mortgage Corporation, Deerfield Beach, Florida, comprising mortgage lending activities. Approved, September 27, 1991. Staff Director BS&R Southern National Corporation, Lumberton, North Carolina — proposal that Southern National Bank of North Carolina, purchase the assets and assume the liabilities of PSB Interim Federal Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of Preferred Savings Bank, F.S.B., High Point, North Carolina. Approved, September 27, 1991. Secretary Southern National Corporation, Lumberton, North Carolina — to acquire PSB Interim Federal Savings Bank, which was formed to acquire certain assets and assume certain liabilities of Preferred Savings Bank, F.S.B., High Point, North Carolina. Approved, September 27, 1991. GC United New Mexico Financial Corporation, Albuquerque, New Mexico — determination that sale of the charter and certain deposits of Lea County State Bank by UMN constitutes divestiture. Granted, September 27, 1991. BANK MERGERS Chicago V Marine Bank of Springfield, Springfield, Illinois — to purchase certain assets and assume deposit liabilities of the Taylorville, Illinois, branch of United Savings Association of America, Chicago, and to establish a branch. Approved, September 27, 1991. H .2 ADDITIONS AND CORRECTIONS SEPTEMBER 30, 1991 PAGE 11 TO OCTOBER 4, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ENFORCEMENT Secretary BCCI Holdings (Luxembourg) S.A., Luxembourg, and Bank of Credit and Commerce International S.A. — extension to October 18, 1991, regarding notices of charges concerning Kamal Adman, Khusro Elley, and Sayed Jawhary. Granted, September 27, 1991. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Atlanta — computer equipment. Approved, September 24, 1991. purchase of FEDERAL RESERVE BANK OF BOSTON APPLICATIONS S ECTION I - A P P L I C A T I O N S SUBJECT TO N E W S P A P E R N O T I C E ONLY Comment P e r i o d E n ding Date Application NONE S E CTION II - A P P L I C A T I O N S SUBJECT TO BOT H NEWSPAPER AND FEDERAL REGISTER NOTICE Comment P e riod E n d i n g Date Application NONE S ECTION III - A P P L I C A T I O N S SUBJECT TO FE D E R A L R E G I S T E R NOTI C E ONLY Application C omment P e riod E n d i n g Date NON E S E CTION IV - A P P L I C A T I O N S NOT SUBJECT TO FE 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 NON E S E CTION V - A V A I L A B I L I T Y OF CRA P U BLIC EV A L U A T I O N S Institution Uni o n Tru s t C ompany of E l l s w o r t h P.O. Box 479 Ellsworth, Mai n e 04605 T e l e p h o n e # 207-667-2504 E x a m i n a t i o n Date 07-15-91 Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ Manufacturers and Traders Trust Company, Buffalo, New York to merge with The First National Bank of Highland, Highland, New York.l/ 10/28/91 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Ccmpagnie de Suez and Banque Indosuez, both of Paris, France to engage indirectly through their subsidiary, Indosuez Carr Futures Inc., in the execution and clearance of certain stock index futures contracts and options contracts on such futures and in the provision of incidental advice with respect to such contracts. 10/25/91 Oesterreichische Laenderbank Aktiengesellschaft, Vienna, Austria to engage de novo in financial advisory activities. N/A KeyCorp, Albany, New York to engage de novo through ics wholly-owned subsidiary, NCB Properties, Inc., in making and servicing loans and operating a collection agency N/A SECTIO N IV Applications Not Involving ______ Public Comment______ None. Availability of CPA Public Evaluations Week Ending October 5, 1991 4/ NAME OF BANK EXAMINATION DATE UBAF Arab American Bank 40 East 52nd Street New York, New York 10022 January 22, 1991 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 Commonwealth Bank, Williamsport, PA requests permission to merge its four affiliate banks into itself, pursuant to Section 18(c) of the F.D.I. Act. The said 4 banks are: County Bank/ Montrose; First Bank of Troy, Troy; Liberty State Bank, Mount Carmel and First Bank of Greater Pittston, Pittston; all of them are located in Pennsylvania and are subsidiaries of Commonwealth Bancshares Corporation. 10/25/91 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 endina 10/4/91 Institutions Berks County Bank 400 Washington Avenue Reading, PA 19601 (215) 376-5933 Examination Date 6/24/91 Applications Bulletin For Week Ending October 5/ 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 tober 2, 1991, from M i n i s t e r State Bank, Minster, Ohio, to estab l i s h a b r a n c h at State Rou t e 198, Wapakoneta, Ohio. * Not Yet Kno w n # R e c e i v e d a p p l i c a t i o n on October 2, 1991, from Fifth T h i r d Bank, Cincinnati, Ohio, to estab l i s h a b r anch at Columbia Park w a y and Wo o s t e r Pike, Cincinnati, Ohio. * N o v e m b e r 4, 1991 Rece i v e d a p p l i c a t i o n on October 3, 1991, from Fifth T h i r d Bank, Cincinnati, Ohio, to acquire M i d f e d Savings Bank, Middletown, Ohio, p u r s u a n t to Section 18(c) of the Federal D e posit Insurance Act. * O c t o b e r 28, 1991 SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d N o t i c e of Change in Bank Control on Septe m b e r 30, 1991, from W i l b u r M. Jenkins of his intent to acquire up to 30.73 p e r c e n t of the o u t standing shares of G e o r g e t o w n Bancorp, Inc., Georgetown, K e n t u c k y Not Yet Kn o w n # R e c e i v e d Se c t i o n 3 ( a ) (1) a p p lication on * N: N o v e m b e r 5, 1991 O ctober 1, 1991, from W h i t a k e r Bank C o r p o r a t i o n of Kentucky, Lexington, Kentucky, to acquire 95.50 p e r c e n t o f Whi t a k e r Bancorp, Inc., Lexington, Kentucky, and 99.80 p e r c e n t of W h i t a k e r Bancshares, Inc., Lexington, Kentucky. * N F # - Subject to CRA N e w s p a p e r Co m m e n t Period Federal R e g i s t e r Comment Period Exp e c t e d to end app r o x i m a t e l y 30 days from the dat e of re c e i p t of the applic a t i o n Applications Bulletin For Week Ending October 5, 1991 SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d N o t i c e of Change in Bank Control on Oc t o b e r 4, 1991, from L aurence A. Tisch; P r e s t o n R. Tisch; A n d r e w H. Tisch; Daniel R. Tisch; James S. Tisch; Thomas J. Tisch; and T i s c h Foundation, Inc., of their intent to a c q u i r e u p to 24.90 pe r c e n t of the o u t standing shares of c o mmon stock of Equimark Corporation, Pittsburgh, Pennsylvania. SECTION I I I Not Yet K n o w n # - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d S ection 4(c)(8) appl i c a t i o n on Oc t o b e r 3, 1991, to acquire Pinnacle Bancorp, Inc., Middletown, Ohio. * Not Yet K n o w n # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d notice on October 3, 1991, from M e l l o n Bank, N . A . , Pittsburgh, P e n n s ylvania of its intent to make an investment in a n e w l y - f o r m e d subsidiary, The R o y a l - M e l l o n Tru s t Company, Toronto, Ontario, Canada. * N F # - Su b j e c t to CRA N e w s p a p e r Comment Period Federal R egister Comment Period E x p e c t e d to end app r o x i m a t e l y 30 days f r o m the dato of re c e i p t of the a p p l i cation Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Crestar Financial Corporation, Richmond, Virginia, to engage in the sale of variably denominated official payment instruments. 10-25-91* Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ^Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending October 4, 1991 Examination Date Bank of Shawsville P. 0. Box 67 Shawsville, Virginia 24162 8-19-91 F e d e r a l R e se rv e Bank o f A t la 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 W eek E n d i n g O c t o b e r 4 . 1991 Section 1 - Applications Subject to Newsp a p e r N o t i c e Only Application Comment P e r i o d Ending Date SouthTrust Bank of Pinellas County St. Petersburg, Florida To merge w i t h The Florida Bank of Commerce Branch, Clearwater, Florida, located at 2363 Gulf to Bay Boulevard. N o t y e t available* Trust Company Bank Atlanta, Georgia To install an off-site ATM at 1000 Medical Center Boulevard, Lawrenceville, Georgia. 91-10-14* Section 2 - Applications Subject To Both Newspaper and Federal Register N o t i c e Application Comment P e r i o d Ending Date Union Bancshares, Inc. Blairsville, Georgia To merge w i t h Fannin Bancshares, Inc., Blue Ridge, Georgia, and thereby directly acquire its banking subsidiary, Peoples Bank of Fannin County, Blue Ridge, Georgia. Not y e t available* Section 3 - Applications Subject to Federal Register Notice O nly Application Comment P e r i o d Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper No t i c e Application None. ♦Subject to Provisions of Community Reinvestment Act. F e d e ra l R e se rv e Bank o f A t la 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 W eek E n d i n g O c t o b e r 4 . 1991 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the institutions listed below became available during the week ending October 4, 1991. I nformation about an institution's CRA evaluation may be obtained directly fro m the institution. Bank None. Examination Date Federal Reserve Bank of Chicago Section I - .Applications Subject to Newspaper Notice Only Canment Period Application Ending Date Tjpe None Section II - Applications Subject to Both Newspaper and Federal Register Notice Garment Period Ending nate T^pe Application Y-2 Old Second Bancorp, Inc. Aurora, Illinois Kane County Bancshares, Inc. Elbum, Illinois Kane County Bank and Trust Co. Elbum, Illinois* FR - 10-24-91 N - ** Y-l Rory Hanraes Bancorp, Inc. South Bend, Indiana Peoples Bank Marycrest Bradley, Illinois* FR - 10-24-91 N - ** Y-2 First Evergreen Corporation Evergreen Park, Illinois Oak Lawn Trust & Savings Bank Oak Lawn, Illinois* FR - 10-23-91 N - 10-22-91 Y-2 Qhnward Bancshares, Inc. Maquoketa, Icwa Baldwin Savings Bank Baldwin, Icwa* FR - 10-24-91 N - 10-21-91 Y-2 First Neighborhood Bancshares, Inc. Toledo, Illinois Greenup National Carp. Belleville, Illinois The Greenup National Bank Greenup, Illinois* FR - ** N - ** Y-2 Prairie Bancorp, Inc. Manlius, Illinois Fanners State Bank of Ferris Ferris, Illinois* FR - ** N - ** Y-l KCB Acquisition Carp. Aurora, Illinois Kane County Bancshares, Inc. Elbum, Illinois Kane County Bank arid Trust Co. Elbum, Illinois* FR - 10-24-91 N - ** F e d e ra l R e se rve Bank o f C h ic a g o Section III - Applications Subject to Federal Register Notice Only Canment Period T jE e Application 4(c)(8) Capital Directions, Inc. Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - Consumer financial Counseling Y-4 Camerica Incorporated FR - ** Detroit, Michigan Midlantic National Bank & Trust Co. /Florida Boca Raton, Florida Y-4 First Busey Corporation Urbana, Illinois Citizens Federal Bank, F.S.B. Urbana, Illinois FR - ** 4(c)(8) Unionbancorp, Inc. (formerly First Union Bancorporation) Streator, Illinois Uniondata Corp., Inc. Streator, Illinois FR - ** Y-4 First of America Bank Corporation Kalarazoo, Michigan Champion Federal Savings and Loan Association Bloomington, Illinois FR - ** Rndino nate FR - ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Security Bancorp Stanton, Iowa To Redeem 485,000 shares of preferred stock N - Newspaper FR - Federal Register * — Subject to Provisions of Ccranaunity 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 04, 1991. BANK NAME/LOCATION -LaSalle State Bank 654 First Street LaSalle, Illinois EXAMINATION DATE 61301 7/01/91 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING OCTOBER 4, 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 Section 3(a)(3) application by Boatmen's Bancshares, Inc., St. Louis, Missouri to acquire Founders Bancorporation, Inc., Oklahoma City, Oklahoma Not yet availablle Section 3(a)(3) application by Dawson Springs Bancorp, Inc., Maysville, Kentucky to acquire Citizens Bank of Albany, Albany, Kentucky Not yet available Section 3(a)(3) application by Southwest Bancshares, Inc., Trumann, Arkansas to acquire Dover Bancshares, Inc., Russellville, Arkansas Not yet available 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 None. This application is subject to CRA. Federal Reserve Bank of St. Louis FOR THE WEEK ENDING OCTOBER 4, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name None Bank Address Examination Date FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only C o m m e n t Period E n ding Date A p p lication None. Section II - Applications Subject to Bot h Newspaper and Federal Register N o t i c e C o m m e n t Period E n d i n g Date A pplication Garwin McNeilus, Denzil McNeilus and McNeilus Financial, Inc. To acquire control of 37.75%; 37.75% and 24.5%, respectively, of Mower Agency, Inc., Austin, MN 10-21-91 (Federal Register) Prairie Bancshares, Inc. Lester Prairie, MN To acquire 100% of Silver Lake Bancorporation, I n c . , Silver Lake, Minnesota, a obhc owning the Citizens State Bank of Silver Lake, Silver Lake, MN* N o t yet available Section III - Applications Subject to Federal Register Notice O n l y A p p lication Houghton Financial, Inc. Houghton, MI To engage de novo in servicing loans. * Subject to CRA Co m m e n t Period E n d i n g Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending October 4, 1991 Telephone # Bank Name/City/State Examination Date Security State Bank and Trust Company Poison, Montana July 15, 1991 (406) 883-5363 First Citizens Bank Poison, Montana July 15, 1991 (406) 883-3880 Farmers State Bank Madelia, Minnesota July 22, (507) 642-3251 1991 Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Centennial National Bank, Englewood, Colorado, for prior approval for m e m b e r s h i p in the Federal Reserve System. Not Available The Bank of Louisville, Denver, Colorado, for prior approval to establish a contractual branch facility in Boulder, Colorado.* Not Available SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Sky V a lley Bank Corp., Alamosa, Colorado, for prior approval to become a bank holding company through the a c q uisition of 100 percent of the voting shares of The First National Bank in Alamosa, Alamosa, Colorado.* Not Available First Financial Corporation of Idabel, I d a b e l , Oklahoma, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Firsf State Bank of Idabel, Idabel, O k l a h o m a .* Not Available Padgett Agency, Inc., Greenleaf, Kansas, for prior approval to acquire 1Q0 percent of the voting shares of Cloud County Banksharea, Inc., parent of cio u d County Bank & Trust, Concordia, Kansas.* Not Available Lindge, Inc., Ordway, Colorado, for prior approval to acquire 94 percent of the voting shares of The Gunnison Bank and Trust Company, Gunnison, Colorado.* Not Available James M. Greenbaum, Palm iprings, California, et. al., for prior approval to increase their p r o p o r tionate ownership interest in First Denver Corporation, Fort Collins, Colorado, to 1Q0 percent. Not Available Federal Reserve Bank o f Kansas City W. Duncan MacMillan, Wayzata, Minnesota, Lee R. Anderson, Minneapolis, Minnesota, and Michael J. Pint, Golden Valley, Minnesota, for prior approval to acquire 51 percent ownership in Rocky Mountain Bankshares, Inc., Golden Valley, Minnesota. Not A v a i l a b l e SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R NOTICE ONL Y APPLICATION COMMENT P E RIOD ENDING DATE Padgett Agency, Inc., Greenleaf, Kansas, for prior approval to extend general insurance activities into Belleville, Kansas, and Concordia, Kansas. Not A v a i l a b l e First Community Bankshares, Inc., Fort Morgan, Colorado, for prior approval to conduct certain insurance activities through the acquisition of 100 percent of the voting shares of The First of Burlington Agency, Burlington, Colorado. Not A v a i l a b l e SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R E G I S T E R NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC E V A L U A T I O N S BANK/LOCATION Lafayette State Bank P.O. Box 189 Lafayette, Colorado 80026 ♦Application is subject to CRA. EXAM I N A T I O N DATE July 8, 1991 FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 30, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 9 application received from First Bank/Las Colinas, Irving, TX, to establish a branch at 5221 N. O'Connor, Irving, TX 10/29/91 ♦Section 9 application received from First Bank/Las Colinas, Irving, TX, to establish a drive-thru facility at 201 E. Carpenter Freeway, Irving, TX 10/29/91 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION Change in Control Notice by Jim Paul Meadows, Houston, TX, to acquire an interest in Houston Bancorporation, Inc., Houston, TX 10/11/91 Change in Control Notice by Gad Zeevi, London, England, to acquire an interest in Ameritex Bancshares Corporation, Fort Worth, TX 10/05/91 Change in Control Notice by Maurice E. Moore, Jr., Carrollton, TX, to acquire an interest in City National Bancshares, Inc., Carrollton, TX N/A Change in Control Notice by Jerry C. Smith, Azle, TX, to acquire an interest in Azle Bancorp, Azle, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) de novo notification by First Amarillo Bancorporation, Inc., Amarillo, TX, to engage de novo in providing portfolio investment advice to others through its subsidiary, Eighth & Taylor Corp., Amarillo, TX NOTICE EXP N/A 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 SEPTEMBER 30, 1991 Bank Independence Bank P. 0. Box 869003 Plano, Texas 75086 Date of Examination 07/08/91 * 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 10/04/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Interstate Bank of California, Los Angeles, California, to establish a branch in the vicinity of the intersection of Travis Boulevard and Oliver Road, Fairfield, CA. * Newspaper: 10/27/91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Robert V. Pauley, Santa Rosa, California, to increase his ownership from 5.61 up to 13.31 percent of Northern Empire Bancshares, Santa Rosa, California. Newsoaoer: 10/25/91 Fed. Reo.: 10/03/91 Melvin F. and Laura T. Bowler, St. George, Utah, to retroactively retain 10.23 percent of First Bankshares, Inc., St. George, Utah. Newsoaoer: Not available Fed. Rea.: 10/07/91 BankAmerica Corporation, San Francisco, to acquire Valley Capital Corporation, Las Vegas, Nevada. * Newsoaoer: 10/18/91 Fed. Rea.: 11/07/91 Nevada First Development Corporation, San Francisco, California, to merge with Valley Capital Corporation, Las Vegas, Nevada. * Newsoaoer: 10/18/91 Fed. Rea.: 11/07/91 Section III - Applications Subject to Federal Register Notice Only BankAmerica Corporation, and Nevada First Development Corporation, San Francisco, California, to acquire the six nonbank subsidiaries of Valley Capital Corporation: 1) Valley Capital Life Insurance Co., Inc.; 2) Valley Electronics Services, Inc.; 3) Valley Leasing Company, Inc.; 4) Valley Mortgage Company, Inc.; 5) Pacific Century Company dba Caliber Finance Company; and 6) Caliber Premium Corporation, all located in Las Vegas, Nevada. Fed. Reo.: 11/07/91 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/04/91 Section III - Applications Subject to Federal Register Notice Only (cont'd.l Valley Capital Corporation, Las Vegas, Nevada, Fed. Reg.: to retroactively expand the geographic area of its wholly-owned subsidiary, Valley Capital Life Insurance Co., Inc., in providing under writing and reinsuring credit life, credit accident and health insurance services to include the state of Arizona. 11/07/91 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location The Bank of Casa Grande Valley 1300 E. Florence Blvd. Casa Grande, AZ 85222 Tel: (602) 836-4666 * Subject to CRA Examination Date 7/08/91