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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