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ANNOUNCEMENT BOARD O F GOVERNORS O F THE FED ER A L R E SE R V E SYSTEM H.2, 1996, No. 40 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending October 5, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Cambridge Bancorp, Cambridge, Massachusetts - - t o provide discretionary investment management services to retail customers through Cambridge Investment Services of New Hampshire, Inc., Concord, New Hampshire. Approved, September 30, 1996. Chase Manhattan Corporation, New York, New York, and Mellon Bank Corporation, Pittsburgh, Pennsylvania - to acquire assets related to the shareholder service operations of Wells Fargo Bank, N.A., San Francisco, California, and its affiliated banks, and engage in trust activities. Approved, September 30, 1996. Classic Bancshares, Inc., Ashland, Kentucky -request for reconsideration of the Federal Reserve Bank of Cleveland*s approval of the application to form a bank holding company and to acquire First Paintsville Bancshares, Inc., Paintsville, Kentucky, and First National Bank of Paintsville. Denied, October 3, 1996. Community Bank of Nevada, Las Vegas, Nevada -requests for reconsideration of the Board’s approval of the application to establish’ a branch in Las Vegas and denial of a hearing on the proposal. Denied, September 30, 1996. First Union Corporation, Charlotte, North Carolina -request for review of action by the Federal Reserve Bank of Richmond waiving the application requirement in connection with First Union’s proposal to acquire Center Financial Corporation, Waterbury, Connecticut. Denied, September 30, 1996. H.2 SEPTEMBER 29, 1996 PAGE 2 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Toronto-Dominion Bank, Toronto, Canada - - t o acquire Waterhouse Investor Services, Inc., New York, New York, and Waterhouse National Bank, White Plains, New York. Approved, September 30, 1996. ENFORCEMENT Credit Suisse, Zurich, Switzerland -- order of prohibition against Peter R. Nardin, a former officer and institution-affiliated party of the New York branch of Credit Suisse. Announced, October 2, 1996. INTERNATIONAL OPERATIONS BankAmerica International Finance Corporation, San Francisco, California - - t o invest in Companhia Internacional de Participacaoes e Emprendimentos S.A., Sao Paulo, Brazil. Permitted, October 4, 1996. REGULATIONS AND POLICIES Regulation V-- repeal of regulation concerning loan guarantee program under the Defense Production Act of 1950 (Docket R-0928). Approved, October 1, 1996. Section 20 companies -- quarterly table to adjust interest income for companies that adopt the Board's alternative indexed revenue test to measure compliance with the 10 percent limit on bank ineligible securities activities. Published, October 3, 1996. H.2 SEPTEMBER. 29, 1996 PAGE 3 TO OCTOBER 4, 1996 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 R e s e r v e Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Central Virginia Bank, Powhatan, Virginia -- to establish a branch at its corporate center at 2036 New Dorset Road. Approved, September 30, 1996. Chicago Comerica Bank, Detroit, Michigan - - t o retain an electronic funds transfer facility at 2594 Capital Avenue, S.W., Battle Creek, Michigan. Approved, October 1, 1996. Chicago Comerica Bank, Detroit, Michigan -- to establish a branch at 7900 West Wind Lake Avenue, West Bloomfield, Michigan. Approved, October 4, 1996. Chicago Crestar Bank, Richmond, Virginia - - t o establish a branch in the Hannaford Brothers Grocery Store at the southeast corner of Iron Bridge and Chalkley Roads, Chester, Virginia. Approved, September 30, 1996. Richmond Crestar Bank, Richmond, Virginia --to establish branches in the Hannaford Brothers Grocery Stores at 11400 West Huguenot Road, Midlothian; 10921 Hull Street Road; 4816 South Laburnum Avenue, Richmond; and 9480 West Broad Street; and in the Wal-Mart store at 1851 West Main Street, Salem, Virginia. Approved, October 3, 1996. St. Louis Elberfeld State Bank, Elberfeld, Indiana - - t o establish a branch at 803 East Highway 68, Haubstadt, Ind iana. Approved, October 4, 1996. Chicago M&I Madison Bank, Madison, Wisconsin -- to establish an electronic funds transfer facility at 7801 Mineral Point Road. Approved, October 2, 1996. H.2 SEPTEMBER 29, 1996 PAGE 4 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC New York Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at the Edwards Super Food Stores at 351 Merrick Road, Village of Amityville, New York. Approved, September 30, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish a branch at the Edwards Super Food Stores at 635 Middle Country Road, Hamlet of Selden, New York. Approved, September 30, 1996. Secretary U.S. Bank of Utah, Salt Lake City, Utah - - t o establish a mobile branch in Salt Lake County and Utah County, Utah. Approved, October 1, 1996. BANK HOLDING COMPANIES Richmond Cardinal Bankshares Corporation, Floyd, Virginia -to engage de novo in lending activities. Permitted, October 2, 1996. Richmond Centura Banks, Inc., Rocky Mount, North Carolina -notification of intent to acquire CLG, Inc., Raleigh, North Carolina, and engage in leasing activities. Permitted, October 2, 1996. Atlanta Colony Bankcorp, Inc., Fitzgerald, Georgia -- to acquire Broxton State Bank, Broxton, Georgia. Approved, October 4, 1996. Atlanta Eberhardt, Inc., Elberton, Georgia, and Jam Family Partnership II, L.P. -- to retain an additional 2.07 percent of Pinnacle Financial Corporation, and acquire an additional 1.37 percent of Pinnacle. Approved, October 4, 1996. Dallas First Financial Company of Saint Jo, Dover, Delaware - - t o acquire The First National Bank of Saint Jo., Saint Jo, Texas. Approved, October 4, 1996. H.2 SEPTEMBER 29, 1996 PAGE 5 TO OCTOBER <♦, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Franklin National Bankshares, Inc., Mount Vernon, Texas -- to engage in mortgage banking activities through the acquisition of Franklin National Mortgage Corp. Permitted, October 3, 1996. San Francisco Fremont Bancorporation, Salt Lake City, Utah - - t o engage in commercial lending and loan servicing activities. Permitted, October 1, 1996. Atlanta Maddox Corporation, Blakely, Georgia - - t o acquire shares of First State Bancshares of Blakely, Inc.; First Southwest Bancorp, Inc., Donaldsonville, Georgia; and First Federal Savings Bank of Southwest Georgia. Approved, October 4, 1996. Atlanta McConnell & C o ., Elberton, Georgia, and Jam Family Partnership I.L.P. -- to acquire shares of Pinnacle Financial Corporation. Approved, October 4, 1996. Cleveland Mid Am, Inc., Bowling Green, Ohio -- notification of intent to acquire Nemo Industries, Inc., d.b.a. Professional Adjustment of Fort Myers, Fort Myers, Florida. Permitted, October 3, 1996. H.2 SEPTEMBER 29, 1996 PAGE 6 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Nacogdoches Bancshares of Delaware, Inc., Wilmington Delaware -- to acquire Commercial Bank, N.A., Nacogdoches, Texas. Approved, September 30, 1996. San Francisco National Bancorp of Alaska, Inc., Anchorage, Alaska - to engage de novo in community development activities. Permitted, October 1, 1996. Richmond PSB Holding Corp., Preston, Maryland -- to acquire Provident State Bank of Preston. Approved, October 4, 1996. Dallas Saint Jo Bancshares, Inc., Saint Jo, Texas - - t o acquire First Financial Company of Saint Jo, Dover Delaware, and The First National Bank of Saint Jo, Saint Jo, Texas. Approved, October 4, 1996. St. Louis Southern State Bancshares, Inc., Malvern, Arkansas to acquire Southern State Bank. Permitted, October 3, 1996. San Francisco WestAmerica Bancorporation, San Rafael, California to engage de novo in certain lending activities through WestAmerica Commercial Credit, Inc., Fairfield, California . Permitted, October 3, 1996. CAPITAL STOCK Minneapolis First Bancshares, Inc., of Cold Spring, Cold Spring, Minnesota -- redemption of shares. Approved, October 4, 1996. CHANGE IN BANK CONTROL Kansas City Northwest Bancshares, Inc., Colby, Kansas -- change in bank control. Permitted, October 4, 1996. H.2 SEPTEMBER 29, 1996 PAGE 7 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago American National Bank and Trust Company of Chicago, Chicago, Illinois, proposed purchase of certain assets and assumption of certain liabilities of First National Bank of Chicago -- report on competitive factors. Submitted, October 4, 1996. Secretary Bank of America National Trust & Savings Association, San Francisco, California, proposed merger with Bank of America Alaska, N.A., Anchorage, Alaska; Bank of America NW, N.A., Seattle, Washington; Bank of America Nevada, Las Vegas, Nevada; Bank of America New Mexico, N.A., Albuquerque, New Mexico; and Bank of America Arizona, Phoenix, Arizona -report on competitive factors. Submitted, October 3, 1996. Atlanta Bank of Covington, Covington, Georgia, and Main Street Savings Bank, F.S.B., Winder, Georgia, proposed merger with The Bank of Covington -report on competitive factors. Submitted, October 2, 1996. Atlanta Bank of Upson, Thomaston, Georgia, proposed merger with Upson Interim Corporation -- report on competitive factors. Submitted, October 1, 1996. Atlanta Bank United Financial Corporation, Coral Gables, Florida, and Bank United, FSB, proposed acquisition of the assets and assumption of the liabilities of Suncoast Savings and Loan Association, FSB -report on competitive factors. Submitted, September 30, 1996. Dallas Broadway National Bank, San Antonio, Texas, proposed acquisition of certain assets and assumption of certain liabilities of branches of Bank of America, Texas, N.A., Irving, Texas, at 1012 South Main Street, Boerne; 1006 North Fiorella Street, Castroville; 207 North Main Street, Elgin; 204 West Main Street, Fredericksburg; 133 19th Street, Hondo; 500 Main Street, Kerrville; and 1475 East Court Street, Seguin, Texas -- report on competitive factors. Submitted, October 1, 1996. H.2 SEPTEMBER 29, 1996 PAGE 8 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Central Washington Bank, Wenatchee, Washington, proposed merger with Interwest Savings Bank, Oak Harbor, Washington -- report on competitive factors. Submitted, September 29, 1996. Kansas City Commerce Bank, N.A., Kansas City, Missouri, proposed merger with Commerce Bank, N.A., Manhattan, Kansas -- report on competitive factors. Submitted, October 3, 1996. Dallas Commercial National Bank, Brady, Texas, proposed merger with Interim Commercial National Bank -report on competitive factors. Submitted, October 1, 1996. Kansas City First National Bank of Frankfort, Kansas, proposed merger with Interim First National Bank of Frankfort -- report on competitive factors. Submitted, October 3, 1996. Cleveland Great American Federal Savings and Loan Association, Pittsburgh, Pennsylvania, proposed purchase of the deposit liabilities and acquisition of certain related assets of the Munhall, McKeesport, and White Oak, Pennsylvania, offices of First Home Savings Bank, FSB -- report on competitive factors. Submitted, October 4, 1996. New York Lafayette American Bank Trust Company, Bridgeport, Connecticut, proposed merger with UST Bank/Connecticut -- report on competitive factors. Submitted, October 4, 1996. H.2 SEPTEMBER 29, 1996 PAGE 9 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City Mark Twain Kansas City Bank, Kansas City, Missouri, proposed acquisition of the assets and assumpt ion of the liabilities of First National Bank o f P l a t t e County -- report on competitive factors. Submitted, October 3, 1996. New York North Fork Bank, Mattituck, New York, proposed merger with North Side Savings Bank, Bronx, New York - report on competitive factors. Submitted, October 4, 1996. Richmond Old National Bank of Huntington, Huntington, West Virginia, proposed merger with ONB Acquisition Subsidiary, N.A. -- report on competitive factors. Submitted, September 30, 1996. Cleveland Parkvale Savings Bank, Monroeville, Pennsylvania, proposed acquisition of certain assets and assumption of certain liabilities of the Crafton, Pennsylvania, office of First Home Savings Bank, FSB, Pittsburgh, Pennsylvania -- report on competitive factors. Submitted, October 4, 1996. Cleveland Pittsburgh Home Savings Bank, Pittsburgh, Pennsylvania, proposed acquisition of certain assets and assumption of certain liabilities of the 2905 West Liberty Avenue office of First Home Savings Bank, FSB -- report on competitive factors. Submitted, October 4, 1996. Dallas Security National Bank, Nacogdoches, Texas, proposed merger with Stone Fort National Bank -- report on competitive factors. Submitted, October 1, 1996. H.2 SEPTEMBER 29, 1996 PAGE 10 TO OCTOBER 9, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Valley Federal Savings Bank (A Federal Savings Bank) Sheffield, Alabama, proposed merger with BankAlabama-Huntsville, Huntsville, Alabama -report on competitive factors. Submitted, October 2, 1996. Atlanta Valley Federal Savings Bank CA Federal Savings Bank) Sheffield, Alabama, proposed merger with BankFirst (A Federal Savings Bank), Decatur, Alabama -report on competitive factors. Submitted, October 2, 1996. Chicago Yorkville National Bank, Yorkville, Illinois, proposed purchase of the assets and assumption of the liabilities of the Ottawa, Illinois, branch of First of America Bank-Illinois, National Association, Bannockburn, Illinois -- report on competitive factors. Submitted, October 4, 1996. EXTENSIONS OF TINE San Francisco BankAmerica Corporation, San Francisco, California extensions to divest certain properties. Granted, October 3, 1996. St. Louis Bradford Bancorp, Inc., Greenville, Illinois -extension to January 8, 1997, to acquire Bradford National Bank of Greenville. Granted, October 2, 1996. Atlanta Capital City Bank, Tallahassee, Florida -- extension to January 1, 1997, to merge with First Federal Bank. Granted, October 1, 1996. St. Louis Clay Bancshares, Inc., Flora, Illinois -- extension to January 10, 1997, to engage de novo in consumer finance and insurance agency activities through Clay Finance Co., Inc. Granted, October 2, 1996. H.2 SEPTEMBER 29, 1996 PAGE 11 TO OCTOBER 9 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York Emigrant Bancorp Inc., New York, New York -extension to January 1, 1997, to acquire more than 5 percent, but less than 10 percent of the shares of Queens County Bancorp, Inc., Flushing, New York. Granted, October 3, 1996. Atlanta Middle Georgia Bankshares, Inc., Unadilla, Georgia -extension to June 12, 1997, to establish through a joint venture with First Mason Bank & Trust, Macon, Georgia, and Provesa, Inc., Proimage, Inc. and engage in data processing activities. Granted, October 1, 1996. Atlanta Middle Georgia Bankshares, Inc., Unadilla, Georgia -extension to June 12, 1997, to establish a joint venture with First Mason Bank & Trust, Macon, Georgia, and Provesa, Inc., a new company, Proimage, Inc., and engage in data processing activities. Granted, October 1, 1996. Cleveland National City Corporation, Cleveland, Ohio; Banc One Corporation, Columbus, Ohio; KeyCorp, Cleveland, Ohio; PNC Bank Corp, Pittsburgh, Pennsylvania, and Corestates Financial Corporation, Philadelphia, Pennsylvania -- extension to January 1, 1997, for their subsidiary, Electronic Payment Services, Inc., Wilmington, Delaware, to provide data processing services in connection with enhanced ATM terminals that can dispense tickets and gift certificates. Granted, September 30, 1996. New york Summit Bancorp, Princeton, New Jersey -- extension to January 1, 1997, to acquire Summit Commercial Corp., Chatham, New Jersey, and engage in leasing activities. Granted, September 30, 1996. Dallas Sundowner Bancshares, Inc., Wilmington, Delaware -extension June 21, 1997, to acquire Sundown State Bank, Sundown, Texas. Granted, October 2, 1996. H.2 SEPTEMBER 29, 1996 PAGE 12 TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Zions Bancorporation, Salt Lake City, Utah -extensions to divest certain properties. Granted, October 3, 1996. H.2 SEPTEMBER.29, 1996 PAGE 13 ADDITIONS AND CORRECTIONS TO OCTOBER 4, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Jefferson Guaranty Bank, Metairie, Louisiana, proposed merger with Deposit Guaranty National Bank of Louisiana, Hammond, Louisiana -- report on competitive factors. Submitted, September 25, 1996. Atlanta Preferred Bank, F.S.B., Palmetto, Florida, proposed merger with SouthTrust Bank of Florida, N .A ., St, Petersburg, Florida -- report on competitive factors. Submitted, September 25, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "O" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK Comment Period Ending Date SECTION I Applications Subject to Newspaper _____ Notice Only_____ Application by Summit Bank, Hackensack, New Jersey, to establish a branch at 433 Market Street, Camden, New Jersey. 1/ 10/26/96 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Notice by OBT Holding Company, San Juan, Puerto Rico, to become a bank holding company with respect to Oriental Bank and Trust, San Juan, Puerto Rico. 1/ SECTION III Nonbanking Applications (subject to Federal Register Notice Only 1 None. SECTION IV Applications Not Involving Public Comment None. SECTION V Availability of CRA Public Evaluations In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record o f 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs. 10/10/96 3/ An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Week Ending October 5.1996 NAME OF BANK RATING EXAMINATION DATE United States Trust Company o f N ew York 114 West 47th Street New York, New York 10036 Outstanding May 20, 1996 Alden State Bank 13216 Broadway Alden, New York 14004 Outstanding May 28, 1996 1/ Subject to provisions o f Community Reinvestment Act. 2/ Later o f dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ 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 RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY United Bank o f Philadelphia. Philadelphia, PA to establish a branch office to be located in the ShopRite Supermarket at 100 E. Olney Avenue, Philadelphia, PA, pursuant to Section 9 o f the Federal Reserve Act. Newspaper comment period expires: N/Avail SECTION n - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Prime Newco. Inc.. Philadelphia, PA, pursuant to Sections 3 and 4 o f the Bank Holding Company Act, to become a bank holding company through its acquisition o f First Sterling Bancorp, Inc., Devon, PA and engage in nonbanking activities through Prime Bank, 6435 Rising Sun Avenue, Philadelphia, PA and Prime Abstract, Inc., 6833 Castor Avenue, Philadelphia, PA. Newspaper comment period expires: Federal Register comment period expires: 10/11/96 10/17/96* *(Date changed due to re-publication) SECTION m - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAn.ABIIJTY 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 4, 1996. Identification of Ratings In connection with the assessment o f 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 o f 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending October 5,1996) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received Section 3(a)(1) notice from CNBC Bancorp, Worthington, Ohio, on September 30, 1996, to acquire Commerce National Bank, Worthington, Ohio. *October 10, 1996 Received notice from Cortland Savings and Banking Company, Cortland, Ohio, on September 30, 1996, to establish a branch at the intersection o f o f SR44 and SR82, Mantua, Ohio. *October 17, 1996 Received notice from The Fifth Third Bank, Cincinnati, Ohio, on September 30, 1996, to establish a branch at 477 Kenard Avenue, Cincinnati, Ohio. ^October 9, 1996 SECTION n - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION m - 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 ft - Expected to End 30 Days from Date of Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (October 4, 1996) The following state member banks have been examined by the Federal Reserve Bank o f Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended October 4, 1996. If you are interested in obtaining a copy o f 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 o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: a bank in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE 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 Crestar Financial Corporation, Richmond, Virginia, to acquire Citizens Bancorp, Laurel, Maryland.* 10-31-96 NationsBank Corporation and its wholly owned subsidiary, NB Holdings Corporation, both of Charlotte, North Carolina, to acquire Boatmen's Bancshares, Inc., St. Louis, Missouri.* 11-1-96 Section III - Applications Subject to Federal Register Notice Comment Period Ending Date Application CCB Financial Corporation, Durham, North Carolina, to engage in data processing and management consulting to depository institutions through a subsidiary to be known as CCB Services, Inc., Durham, North Carolina. Not yet available. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA requirements. Federal Reserve Bank of Richmond Section V - Availability of CRA Public Evaluations Week ending October 4, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this g Ceroup 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 con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date None. Rating Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending October 4. 1996 S ectio n 1 - A p p l i c a t i o n s S u b j e c t t o Newspaper N o t i c e . . O n l y A p p lic a tio n Comment Pe r i o d E n din g D a te N one. Section 2_,„ ipng,.,.gubj£SSt tQ Bpth N ^ w s p a p e r ^ d Federal ..Rggigt-g-r.Notice. Comment ..Period..EndJjagJDat e A p p ljcfttip h F i r s t C e n t r a l Bank Not y e t a v a i l a b l e * S t . P etersb u rg, F lo r id a Change i n c o n t r o l n o t i c e b y Mr. E l d r e d R alp h C raw fo rd and Ms. Mary Lou C raw fo rd t o c o l l e c t i v e l y a c q u i r e 3 .9 8 p e r c e n t o f t h e o u t s t a n d i n g s h a r e s o f F i r s t C e n t r a l Bank, S t . P e t e r s b u r g , F l o r i d a . T o t a l o w n e rsh ip w i l l e q u a l 1 5 . 3 1 p e r c e n t . S e c t io n 3 - A p p lic a t i o n s S u b je c t to Federa l Ap p l i c a t i o n R e g i s t e r O n ly Comment P e r i o d En din g D a te P i o n e e r Bankcorp, I n c . 10 -17-9 6 C lew iston , F lo r id a To e n g a g e de novo i n community de ve lo pm e n t a c t i v i t i e s d e s i g n e d p r i m a r i l y t o promote community w e l f a r e , p u r s u a n t t o S e c t i o n 4 ( c ) (8) o f t h e Bank H o ld in g Company A c t and S e c t i o n 2 2 5 . 2 5 ( b ) (6) o f R e g u l a t i o n Y. S e c t i o n , ! - . . A p p l i c a t i o n s N<?t Subj.e gt_.tQ F e d e r a l R e g i s t e r N o t i c e o r Newspaper N o t i c e A p p lica tio n U n i t e d Bank and T r u s t Company S t . P etersb u rg, F lo r id a R e q u e st f o r i n c r e a s e i n bank p r e m i s e s . F i r s t Bank & T r u s t Co. o f T e n n e s s e e Johnson C i t y , T e n n e s s e e R e q u e st f o r i n c r e a s e i n bank p r e m i s e s . ♦ Subject t o p r o v i s i o n s o f t h e Community R e in v e s t m e n t A c t . Federal Reserve Bank _of Atlanta Applications Bulletin for Week Ending October 4. 1996 S e c t i o n 10 - A v a i l a b i l i t y o f CRA P u b l i c E v a l u a t i o n s The CRA p u b l i c e v a l u a t i o n s o f t h e i n s u r e d d e p o s i t o r y i n s t i t u t i o n s l i s t e d b e lo w became a v a i l a b l e d u r i n g t h i s week. I n f o r m a t i o n ab o u t an i n s t i t u t i o n s CRA e v a l u a t i o n may be o b t a i n e d d i r e c t l y from t h e i n s t i t u t i o n . In c o n n e c t i o n w i t h t h e a s s e s s m e n t o f an i n s t i t u t i o n ' s CRA p e rfo rm a n c e, a r a t i n g i s a s s i g n e d from t h e f o l l o w in g groups: O u t s t a n d i n g r e c o r d o f m e e t i n g community c r e d i t n e e d s : An i n s t i t u t i o n h as an o u t s t a n d i n g r e c o r d o f , and i s a l e a d e r i n , a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t n e ed s o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and m od e rateincome n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . S a t i s f a c t o r y r e c o r d o f m e e t i n g community c r e d i t n e e d s : An i n s t i t u t i o n has a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t n eeds o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and m o d e rate-in c o m e n e ig h b o r h o o d s, i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . Needs t o improve r e c o r d o f m e e t i n g community c r e d i t n e e d s : An i n s t i t u t i o n needs t o improve i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs of its en tire d e lin e a te d community, in clu d in g lo w and m oderate-inco m e n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . S u b s t a n t i a l noncom pliance i n m e e t i n g community c r e d i t n e e d s : An i n s t i t u t i o n has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t ne ed s o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and m oderate-inco m e n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . Examination Bank CRA R a t i n g S u n T ru st B a n k /G u lf C o a s t P o s t O f f i c e Box 2138 S a r a s o t a , F l o r i d a 34230 (8 13)9 51-3113 O u tstan d in g 06 -0 3-9 6 B r a n f o r d S t a t e Bank 814 Suwannee Avenue B r a n f o r d , F l o r i d a 32008 (9 0 4)935-1112 S a tisfa c to ry 08-15-96 D ate Fs f e r & l Rege^vs Bank,pf Atlanta Applications Bulletin for WeekEndingOctober 4, A p p ro va l Date R e c e n t l y Approved A p p l i c a t i o n s C o lo n y Bankcorp, I n c . F i t z g e r a l d , G e o r g ia To a c q u i r e Broxton S t a t e Bank, t h e Bank H o ld in g Company A c t . 192£. 10 -0 4 -9 6 Broxton, G e orgia , pu rsuan t t o S e c t i o n 3 ( a ) ( 3 ) of E b e r h a r d t, In c . 10 -0 4 -9 6 E l b e r t o n , G e o r g ia A f t e r - t h e - f a c t a p p l i c a t i o n , a lo n g w ith i t s second t i e r bank h o l d i n g company s u b s i d i a r y , JAM F a m ily P a r t n e r s h i p I I , E lb e r to n , G e o r g ia , t o r e t a i n an a d d i t i o n a l 2 .0 7 p e r c e n t o f P i n n a c l e F i n a n c i a l Corp oration, E l b e r t o n , G e o r g ia , and p r i o r n o t i c e t o a c q u i r e an a d d i t i o n a l 1 . 3 7 p e rc e n t ownership , p u rsu a n t t o S e c t io n 3(a)(3) o f t h e Bank H o ld in g Company A c t . T o t a l ownership w i l l e q u al 25.54 percen t. McConnell & Co. 10 -0 4 -9 6 E l b e r t o n , G e o r g ia A lo n g w i t h i t s second t i e r bank h o l d i n g company s u b s i d i a r y , JAM F a m ily P a rtn ersh ip I , E l b e r t o n , G e o r g ia , t o a c q u i r e an a d d i t i o n a l 3 .9 7 p e r c e n t o f P i n n a c le F i n a n c i a l C o r p o r a t i o n , E l b e r t o n , G e o r g ia , pursuant t o S e c t io n 3 ( a ) (3) o f t h e Bank Holding Company A c t . T o t a l ownership w i l l equal 2 5 . 7 7 p e r c e n t . The Maddox C o r p o r a ti o n 10 -0 4 -9 6 B l a k e l y , G e o r g ia 1-BHC f o r m a tio n , F i r s t S t a t e Bancshares o f B l a k e l y , I n c . , B l a k e l y , G e o r g ia , and t h e r e b y a c q u i r i n g F i r s t S t a t e Bank o f B l a k e l y , B l a k e l y , G e o r g i a , s u b s e q u e n t ly t o i n d i r e c t l y a c q u i r e F i r s t Southwest Bancorp, I n c . , and i t s t h r i f t s u b s i d i a r y , F i r s t F e d e r a l S a v in g s Bank o f Southwest G eorgia, both o f D o n a l s o n v i l l e , G e o r gia , p u rsu a n t t o S e c t i o n 4 (c) (8) o f the Bank Holding Company A c t and S e c t i o n 2 2 5 . 2 5 ( b ) (9) o f R e g u l a t i o n Y. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application EFT Security Savings Bank Farhamville, Iowa 1015 Market Street Gowrie, Iowa Merger/Branches Kent City State Bank NP - ** Kent City, Michigan Grant State Bank Grant, Michigan - 1 0 West Main Street, Grant, Michigan & 21 East 82nd Street, Newaygo, Michigan Branch Harris Trust and Savings Bank Chicago, Illinois 4723 S. Kedzie Avenue Chicago, Illinois NP -10-6-96 EFT Comerica Bank Detroit, Michigan 2594 Capital Avenue, S.W. Battle Creek, Michigan NP - 8-9-96 EFT M & I Madison Bank Madison, Wisconsin 7801 Mineral Point Road Madison, Wisconsin NP - 9-21-96 NP - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time NP - 10-10-96 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only cont’d Comment Period Ending Date Type Application Branch Peoples Bank and Trust Company Sunman, Indiana 100 Sycamore Estate Drive Aurora, Indiana NP -10-6-96 Branch Hedrick Savings Bank Hedrick, Iowa 101 S. Main Hedrick, Iowa NP - 10-13-96 Branch M&I Marshall & Ilsley Milwaukee, Wisconsin 15445 West National Avenue New Berlin, Wisconsin NP - 10-20-96 Branch Old Kent Bank Grand Rapids, Michigan 20600 Eureka Road Taylor, Michigan NP - 10-2-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)(3) Capitol Bancoip, Ltd.* Lansing, Michigan Brighton Commerce Bank Brighton, Michigan (in organization) FR - 10-18-96 NP - ** 3(a)(3) Salin Bancorporation, Inc.* Indianapolis, Indiana Columbus Bancorp, Inc. Indianapolis, Indiana Columbus Bank and Trust Company Columbus, Inidiana FR - 11-1-96 jsjp _ ** 3(a)(3) Metrocorp, Inc.* East Moline, Illinois Metrobank-Illinois, National Association East Moline, Illinois (in organization) PR . ** Np _ ** COC-HC Lakeview Financial Corporation Lakeview, Michigan Lynn P. Carr FR - 10-21-96 NP - 10-14-96 3(a)(3) Old Kent Financial Corporation* Grand Rapids, Michigan Seaway Financial Corporation Saint Clair, Michigan Commercial and Savings Bank of Saint ClairCounty Saint Clair, Michigan Algonac Savings Bank Algonac, Michigan PR _ ** jsjp _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date 1m Application 3(a)(1) Taylor Capital Group, Inc.* Wheeling, Illinois Cole Taylor Bank Chicago, Illinois FR - 10-4-96 NP -10-4-96 COC-HC Ruthven Investment, Ltd. Ruthven, Iowa James H. Keeline and Richard 0 . Carpenter FR - 10-1-96 NP -10-2-96 3(a)(1) Bluestem Development Corporation* Joy, Illinois Joy Development Corporation Davenport, Iowa Joy State Bank Joy, Illinois FR - 10-11-96 NP -10-7-96 3(a)(3) Valley Bancshares, Inc.* Nisswa, Minnesota Minnesota Bancshares Corporation Augusta, Wisconsin Brainerd National Bank Baxter, Minnesota FR - 10-15-96 NP - 10-14-96 COC-HC Kerndt Bank Services, Inc. Lansing, Iowa Kerndt Brothers Savings Bank Lansing, Iowa FR - 10-9-96 NP - ** 3(a)(3) Ida Grove Bancshares, Inc.* Ida Grove, Iowa Pierson Bancorporation, Inc. Pierson, Iowa Farmers Savings Bank Pierson, Iowa FR - 10-25-96 _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d 3(a)(3) American Bancshares, Inc.* Holstein, Iowa Pierson Bancorporation, Inc. Pierson, Iowa Fanners Savings Bank Pierson, Iowa FR NP 10-25-96 ** 3(a)(1) G.R. Bancorp, Ltd.* Grand Ridge, Illinois First National Bank of Grand Ridge Grand Ridge, Illinois FR NP 11-01-96 11-01-96 3(a)(3) Independence Bancshares, Inc.* Independence, Iowa Southeast Security Bank Mediapolis, Iowa (in organization) FR - 10-25-96 NP ** 3(a)(3) Columbus Bancorp, Inc.* Indinapolis, Indiana Salin Bank and Trust Company Indianapolis, Indiana FR - 11-1-96 NP - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Biding Date Type Application 4(c)(8) Union-Calhoun Investments, Ltd. Rockwell City, Iowa Wetter Income Tax Service Rockwell City, Iowa FR - 10-4-96 4(c)(8) FBOP Corporation Oak Park, Illinois Topa Savings Bank, FSB Beverly Hills, California Topa Thrift and Loan Beverly Hills, California FR - 10-7-96 4(c)(8) Taylor Capital Group, Inc. Wheeling, Illinois CT Mortgage Company, Inc. Altamonte Springs, Florida FR - 10-4-96 4(c)(8) Brunsville Bancorporation, Inc. Brunsville, Iowa to engage de novo in selling all types of insurance FR - 10-1-96 4(c)(8) Merrill Bancorporation, Inc. Merrill, Iowa to engage de novo in selling all types of insurance FR - 10-1-96 4(c)(8) Bank of Montreal Montreal, Canada BMO Leasing (U.S.), Inc. Chicago, Illinois FR - 10-8-96 4(c)(8) Bankmont Financial Corp. New York, New York BMO Leasing (U.S.), Inc. Chicago, Illinois FR - 10-8-96 4(c)(8) Anita Bancorporation Newton, Iowa Rolling Hills Insurance Agency, L.C. Atlantic, Iowa FR - 10-17-96 4(c)(8) Bank of Montreal Montreal, Canada to establish one or more offices in the Dominion of Canada & thereby engage in brokerage activities. FR - 10-23-96 4(c)(8) Comerica Incorporated Detroit, Michigan FR - 10-23-96 Bankers Motor Acceptance Corporation, Newport Beach, California & engage in subprime indirect automobile lending. Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d 4(c)(8) Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands Integrion Financial Network, L.L.C., White Plains, New York. FR - ** 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Integrion Financial Network, L.L.C., White Plains, New York. FR - ** 4(c)(8) ABN AMRO Holding N.V. Amsterdam, The Netherlands Integrion Financial Network, L.L.C., White Plains, New York. FR - ** 4(c)(8) ABN AMRO Bank, N.V. Amsterdam, The Netherlands Integrion Financial Network, L.L.C., White Plains, New York. FR - ** 4(c)(8) ABN AMRO North America, Inc., Chicago, Illinois Intergrion Financial Network, L.L.C., White Plains, New York. FR - ** 4(c)(8) Bankmont Financial Corp. New York, New York to establish one or more offices in the Dominion of Canada and thereby in brokerage activities. FR - ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type None Application Federal Reserve Bank of Chicago Section V - Availability of CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending October 4, 1996. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings 0 - An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including 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 has a 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 substantial noncompliance 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 capabilies. BANK NAME/LOCATION EXAMINATION DATE RATINGS Peoples Bank & Trust Co. Highway 101 North Sunman, Indiana 47041-0168 (812) 623-2237 6/10/96 S The Millbrook-Newark Bank Route 71 and Union Newark, Illinois 60541 (815)695-5113 6/17/96 S Green Lake State Bank 515 Hill Street Green Lake, Wisconsin 54941 (414) 294-3369 6/17/96 O Federal Reserve Bank of St. Louis FOR THE WEEK ENDING OCTOBER 4, 1996 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 Change in control notification involving Cairo/Moberly Bancshares, Inc., Moberly, Missouri, by Robert M. Cater (previously reported during the week ending September 20, 1996). Federal Register: 10-15-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Arkansas National Bankshares, Bentonville, Arkansas, to engage de novo, in providing data processing services through a joint venture with a software development company (previously reported during the week ending September 27, 1996). 10-15-96 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Stock redemption notification by Farmers and Traders Bancshares, Inc., California, Missouri, to redeem common stock for a net consideration representing 24.38 percent o f the company’s equity accounts. N/A FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY O F C R A PU B L I C D I S C L O S U R E S Identification o f Ratings: O u ts ta n d in g r e c o r d o f m e e t in g c o m m u n ity c re d it n e e d s A n in s t it u t io n in th is g ro u p h a s a n o u ts ta n d in g r e c o r d o f, a n d is a le a d e r in , a s c e r ta in in g a n d h e lp in g to m e e t th e c r e d it n e e d s o f its e n tir e d e lin e a te d c o m m u n ity , in c lu d in g l o w - a n d m o d e r a te - in c o m e n e ig h b o r h o o d s , in a m a n n e r c o n s is t e n t w it h it s re s o u rc e s a n d c a p a b ilitie s . S a t is f a c t o r y r e c o r d o f m e e t in g c o m m u n ity c r e d it n e e d s A n in s titu tio n in th is g ro u p h a s a s a tis fa c to r y r e c o r d o f a s c e r ta in in g a n d h e lp in g to m e e t th e c r e d it n e e d s o f its e n tire d e lin e a te d c o m m u n ity , including lo w - a n d m o d e r a te - in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is t e n t w ith it s re s o u r c e s a n d c a p a b ilitie s . N e e d s to im p r o v e r e c o r d o f m e e t in g c o m m u n ity c re d it n e e d s A n in s titu tio n in th is g ro u p n e e d s to im p ro v e its o v e r a ll r e c o r d o f a s c e r ta in in g a n d h e lp in g to m e e t t h e c r e d it n e e d s o f it s e n tir e d e lin e a t e d c o m m u n ity , in c lu d in g l o w - a n d m o d e r a te - in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is t e n t w it h its r e s o u rc e s a n d c a p a b ilitie s . S u b s ta n tia l n o n c o m p lia n c e in m e e t in g c o m m u n ity c r e d it n e e d s A n in s titu tio n in th is g ro u p h a s a s u b s ta n tia lly d e f ic ie n t r e c o r d o f a s c e r ta in in g a n d h e lp in g to m e e t t h e c r e d it n e e d s o f it s e n tir e d e lin e a t e d c o m m u n ity , in c lu d in g lo w - a n d m o d e r a te - in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is t e n t w it h it s re s o u rc e s a n d c a p a b ilitie s . FOR THE WEEK ENDING October 4, 1996 Name of Bank None Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application First State Bancorp, Inc., La Crosse, Wisconsin, for prior approval to acquire 100% of the voting shares of the First Bancorporation, Inc., Sparta, Wisconsin. * October 31, 1996 (Federal Register) Northern Plains Investment, Inc., Jamestown, North Dakota, seeks retroactive approval of its increase in ownership to 41.94% of the voting shares of North Star Holding Company, Inc., Jamestown, North Dakota. * November 4, 1996 (Federal Register) First Manistique Corporation, Manistique, Michigan for prior approval to acquire 100% of the voting shares of UP Financial, Inc., Ontonagon, Michigan. * November 1, 1996 (Federal Register) Norwest Corporation, Minneapolis, Minnesota, for prior approval to acquire 100% of the voting shares of West Columbia National Bank, West Columbia, Texas. * Not yet available JDOB Inc., Sandstone, Minnesota, for prior approval to acquire 80% of the voting shares of Centennial National Bank, Walker, Minnesota, a de novo bank. * Not yet available * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Klein Bancorporation, Inc., Chaska, Minnesota, to engage de novo in data processing activities. Comment Period Ending Date October 22, 1996 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, 1996 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 First Western Bank 900 South Broadway Minot, ND 58701 (701) 852-3711 June 10, 1996 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending October 4, 1996 (Continued) BANKtSl EXAMINED DATE OF EXAMINATION CRA RATING Community Bank P.O. Box 9109 Missoula, MT 59807-9109 (406) 549-2265 June 17, 1996 Satisfactory Federal Reserve Bank of Kansas C ity SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY A PPLICATION COMMENT PERIOD ENDING DATE BancFirst C orp., Oklahoma City, Oklahoma, for prior approval to establish a detached facility at 722 N. Broadway, Oklahoma City, Oklahoma. Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Gary J. Cinotto, Frontenac, Kansas, for prior approval to increase his ownership interest in Miners Bancshares, Frontenac, Kansas, by 12.5 percent Not Available R. L. Sim pson III, Eufaula, Oklahoma, for prior approval to increase his ownership interest in SNB Bancshares, Eufaula, Oklahoma, by 31.21 percent. Not Available SECTION ITT - 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 perform ance, a rating is assigned from the following groups: Federal Reserve Bank of Kansas C ity 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 o f 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 o f 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderateincome 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location None.* *Application is subject to CRA. Exam Date CRA Public Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 30, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 18(c) application received from Texas Bank, Weatherford, TX, to acquire through a purchase and assumption transaction certain assets and liabilities of 8 branches of Bank of America, Texas, N.A., Irving, TX N/A ♦Section 9 application from Texas Bank, Weatherford, TX, to establish 8 branches at the following locations: N/A Benbrook Branch 9200 Highway 377 South Benbrook, TX 76126 Crowley Branch 301 E. Main Street Crowley, TX 76036 Hillsboro Branch 300 Elm Hillsboro, TX 76645 Burleson Branch 100 N.W. Renfro Street Burleson, TX 76028 Glen Rose Branch 609 Southwest Big Bend Glen Rose, TX 76043 Weatherford Branch 139 College Park Drive Weatherford, TX 76086 Cleburne Branch 1671 W. Henderson Cleburne, TX 76031 Granbury Branch 702 W. Pearl Granbury, TX 76048 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Sanger Bancshares, Inc., Sanger, TX, to acquire Sanger Intermediate Holding Company, Inc., Wilmington, DE, and Sanger Bank, Sanger, TX (Previously reported during the week of 9-9-96) ♦Section 3(a)(1) application by Sanger Intermediate Holding Company, Inc., Wilmington, DE, to acquire Sanger Bank, Sanger, TX (Previously reported during the week of 9-9-96) Change in Control Notice by Paul A. Rowntree, Bedford, TX, to acquire an interest in Mid-Cities National Bank, Hurst, TX 96/10/19 96/10/19 N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF SEPTEMBER 30. 1996 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 10/04/96 Section I - Applications Sub.iect to Newspaper Notice Only Application Comment Period Ending Date Santa Barbara Bank and Trust, Santa Barbara, California, to establish a branch office at 789 South Victoria Avenue, Ventura, California. * Newspaper: Pierce Commercial Bank (In Organization), Tacoma, Washington, to become a member of the Federal Reserve System. * Newspaper: Not available Valley Bank of Arizona, Phoenix, Arizona, to establish a branch office at 3001 East Camel back Road, Phoenix, Arizona. * Newspaper: 10/28/96 9/20/96 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Palm Desert Investments Employee Stock Ownership Plan and Trust, Palm Desert, California, and its trustee, Kevin B. McGuire, Indian Wells, California, to acquire up to 24.42 percent of the outstanding shares of Palm Desert Investments, Palm Desert, California. * Newspaper: 10/16/96 Fed. Rea.: 10/15/96 Pacific Capital Bancorp, Salinas, California, to merge with South Valley Bancorporation, Morgan Hill, California. * Newspaper: 09/20/96 Fed. Reg.: 10/25/96 South Coast Bancorp, Inc., Irvine, California, to become a bank holding company by acquiring South Coast Commercial Bank, Irvine, California. * Newspaper: 10/27/96 Fed. Rea.: 10/25/96 Pierce County Bancorp, Tacoma, Washington, to become a bank holding company by acquiring Pierce Commercial Bank (In Organization), Tacoma, Washington. * Newspaper: Not available Fed. Rea.: 11/01/96 FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/04/96 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice (cont’d.) Application Comment Period Ending Date GB Bancorporation, San Diego, California, to acquire up to 24.99 percent of Pacific Commerce Bank, Chula Vista, California, and up to 24.99 percent of Rancho Vista National Bank, Vista. California. * Newspaper: 10/30/96 Fed. Reg.: 11/01/96 Robert H. Leshner, Cincinnati, Ohio, to retain 7.96 percent of the outstanding shares of Professional Bancorp, Santa Monica, California. * Newspaper: Not available Fed. Reg.: Not available Section III -Applications Subject to Federal Register Only None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice Bank of America Nevada, Las Vegas, outstanding shares of common stock. * Subject to CRA. Nevada, to repurchase 458,000 shares of its FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/04/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Westamerica Bank Harris Trust Location 1108 5th Avenue San Rafael, CA 94901-2916 (415) 257-8000 6263 N. Scottsdale Road Scottsdale, AZ 85250-5401 (602) 951-4900 Examination Date 5/13/96 6/03/96 Rating* Outstanding Satisfactory *Under the rating system an institution’s CRA performance is assigned one of the following four ratings: O u ts ta n d in g re c o rd of m eeting community c r e d it 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. S a t i s f a c t o r y re c o rd o f m eeting community c r e d it 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 t o Im prove re c o rd of m eeting community c r e d it n eeds: 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S u b s ta n tia l Noncompliance in m eeting community c r e d it n eed s: An institution has a substantially deficient record of ascertaining and helping to meet the c r e d i t needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER