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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- - .Notice.
gr

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

FE E A R SE V B N O D LLA APPLICATIONS BULLETIN
DR L E R E AK F A S
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




SECTIO II - APPLICATIONS SUBJECT T B T
N
O OH
N W PE A D FE E A REGISTER NOTICE
E SPA R N
DRL
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

FE E A R
D R L ESER E B N O SA FR N ISC
V AK F N A C O
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




FE E A R SE V B N O SA FR NC O
D R L E R E A K F N A ISC
W ending 10/04/96
eek
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

FE E A R
D R L ESER E B N O SA FR N ISC
V AK F N A C O
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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102