View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARDOF GOVERNORS
SSf ZIXHeS 5S in SZ
FEDERAL RESERVE SYSTEM
FEDERAL RESLAVE SANK
OF CLEVELAND

H .2, 1992, No. 37
A ctio n s o f th e B oard, i t s S ta f f , and
th e F e d e ra l R eserv e B anks;
A p p lic a tio n s and R e p o rts R eceived
D uring th e Week Ending Septem ber 12, 1992

ACTIONS TAKEN BY THE BOARD OP GOVERNORS

1MK molding companies
Skandineviska Enskilda Banken, Stockholm, Sweden —
to act as agent in the private placement of all
types of securities for non-United States issuers,
to provide related advisory services, and to buy
and sell all types of securities on the order of
investors as a riskless principal.
Approved, September 8, 1992.
REGULATIONS AND POLICIES
Regulation DD — adoption of the regulation to
implement the Truth in Savings Act (Docket R-0753)
and amendment to Regulation Q to delete advertising
and disclosure provisions (Docket R-0775).
Approved, September 10, 1992.

ACTIONS TAKEN BY THE STAFF AND THE FEDEI AL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; CRCA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC




New York

Chemical Bank, New York, New York — to establish an
offsite electronic facility at Mount Sinai Medical
Center, 1 Gustave L. Levy Place, 1190 Fifth Avenue;
Kingsbrook Jewish Medical Center, 585 Schenectady
Avenue, Brooklyn; Beth Israel Medical Center,
10 Nathan D. Perlman Place, New York, New York,
Lehman College, 250 Bedford Park, Boulevard West,
Bronx, New York, and Beth Israel Medical Center
North Division, 170 East End Avenue, New York, New
York.
Approved, September 10, 1992.

H.2
SEPTEMBER 8, 1992 TO SEPTEMBER 11. 1992
PAGE 2
ACTIONS TAKEN BY THE STAFF AND THE FEDEI < L RESERVE BANKS
V
UNDER DELEGATED AUTHORITY

BANK BRANCHES. DOMESTIC!
Philadelphia

Meridian Bank, Reading, Pennsylvania — to establish
a remote service facility at Acme Market, 5200
Mascher Street.
Approved, September 8, 1992.

BANK HOLDING COMPANIES




Cleveland

Banc One Corporation, Columbus, Ohio -- to acquire
four branches of Home Savings of America, F.S.B.,
Irwindale, California, located in Ross, Hamilton,
Fairfield, and Franklin, Ohio.
Approved, September 8, 1992.

Chicago

BOI Financial Corp. Normal, Illinois —
,
The Bank of Illinois in Normal.
Returned, September 9, 1992.

Kansas City

Central Banking Group, Inc., Oklahoma City,
Oklahoma — to engage de novo in reinsurance
activities through Central Financial Life Insurance
Company, Phoenix, Arizona.
Approved, September 9, 1992.

Kansas City

Colorado National Bankshares, Inc., Denver,
Colorado — to acquire Regency Bancorporation,
Pueblo, Colorado.
Approved, September 10, 1992.

to acquire

H.2
SEPTEMBER 8, 1992
PAGE 3

TO

SEPTEMBER 11, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Chicago

Comerica Incorporated, Detroit, Michigan — to
acquire Hibernia National Bank in Texas, Dallas,
Texas.
Returned, September 10, 1992.

Richmond

First Maryland Bancorp, Baltimore, Maryland —
engage in community development activities.
Approved, September 10, 1992.

Chicago

Jones Bancorp, Inc., Marcellus, Michigan —
acquire G.W. Jones Exchange Bank.
Approved, September 9, 1992.

Kansas City

LoLyn Financial Corporation, Lee’s Summit, Missouri - to acquire Community Bank of Raymore, Raymore,
Missouri.
Approved, September 11, 1992.

Secretary

U.S. Bancorp, Portland, Oregon — to engage de novo
in brokerage and data processing services through
LenderNet. Inc.
Approved, September 8, 1992.

Dallas

Wellington Delaware Financial Corporation, Dover,
Delaware — to acquire Wellington State Bank,
Wellington, Texas.
Approved, September 10, 1992.

Dallas

WSB Bancshares, Inc., Wellington, Texas — to acquire
Wellington Delaware Financial Corporation, Dover,
Delaware, and Wellington State Bank.
Approved, September 10, 1992.

to

to

BANK PREMISES




Atlanta

Bank of Albertville, Albertville, Alabama —
investment in bank premises.
Approved, September 9, 1992.

New York

Ohio Citizens Bank, Toledo, Ohio —
bank promises.
Approved, September 8, 1992.

investment in

H .2
SEPTEMBER 8, 1992
PAGE 4

TO

SEPTEMBER 11, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK PREMISES
New York

Tioga State Bank, Spencer, New York —
bank premises.
Approved, September 9, 1992.

investment in

CAPITAL STOCK
Kansas City

Flagler Bankshares, Inc., Flagler, Colorado —
redemption of shares.
Approved, September 8, 1992.

Atlanta

Newton County Bancorporation, Newton, Mississippi -redemption of shares.
Approved, September 11, 1992.

Minneapolis

Yellowstone Trail Bancorporation, Ipswich, South
Dakota — redemption of shares.
Approved, September 11, 1992.

COMPETITIVE FACTORS REPORTS




Kansas City

Bank of Nebraska, LaVista, Nebraska, proposed merger
with Bank of Nebraska, Omaha, Omaha, Nebraska -report on competitive factors.
Submitted, September 10, 1992.

Chicago

Bank of Silvis, Silvis,
with The Henry County
report on competitive
Submitted, September 9,

Philadelphia

Citizens National Bank of Lansford, Lansford,
Pennsylvania, proposed merger with Summit Hill
Trust Company, Summit Hill, Pennsylvania — report
on competitive factors.
Submitted, September 8, 1992.

Atlanta

First Bank & Trust, New Orleans, Louisiana -- report
on competitive factors concerning proposed change
in control.
Submitted, September 10, 1992.

Illinois, proposed merger
Bank, Green Rock, Illinois —
factors.
1992.

H .2
SEPTEMBER 8, 1992
PAGE 5

TO

SEPTEMBER 11, 1992

ACTIONS TAKEN BY THE STAFF AND THE Fi 3ERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Richmond

First * Citizens Bank & Trust Company, Raleigh, North
Carolina, proposed purchase of certain assets and
assumption of certain liabilities of two Durham,
North Carolina, branches of Raleigh Federal Savings
Bank, and to establish two branches — report on
competitive factors.
Submitted, September 9, 1992.

Dallas

First National Bank of Marshall, Texas, proposed
purchase of assets and assumption of the
liabilities of the Tyler branch of First National
Bank of Winnsboro, Winnsboro, Texas -- report on
competitive factors.
Submitted, September 8, 1992.

San Francisco

Interim Sterling Savings Association, Spokane,
Washington, proposed merger with Sterling Financial
Corporation -- report on competitive factors.
Submitted, September 9, 1992.

Dallas

Med Center Bank and Trust, Houston, Texas, proposed
merger with South Main Bank -- report on
competitive factors.
Submitted, September 11, 1992.

Minneapolis

Metropolitan Federal Bank, fsb, Fargo, North Dakota,
proposed merger with Home Owners Savings Bank, fsb,
Fergus Falls, Minnesota — report on competitive
factors.
Submitted, September 10, 1992.

Boston

Newport Savings & Loan Association, Newport, Rhode
Island, proposed merger with The Island Trust
Company — report on competitive factors.
Submitted, September 11, 1992.

Atlanta

Peoples Bank, Elba, Alabama, proposed merger with the
Peoples Bank of Alabama, Centreville, Alabama —
report on competitive factors.
Submitted, September 8, 1992.




H .2
SEPTEMBER 8, 1992
PAGE 6

TO

SEPTEMBER 11, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Atlanta

SouthTrust Bank of Columbus, Columbus, Georgia,
proposed acquisition of the assets and assumption
of the liabilities of three Columbus, Georgia,
branches of Bank South, NA, Atlanta, Georgia —
report on competitive factors.
Submitted, September 10, 1992.

Richmond

SouthTrust Bank of North Carolina, N.A., Raleigh,
North Carolina, proposed acquisition of the assets
and assumption of the liabilities of the Cary and
Raleigh, North Carolina, offices of Citizens
Savings Bank, Rocky Mount, North Carolina — report
on competitive factors.
Submitted, September 9, 1992.

Dallas

Western National Bank, Amarillo, Texas, proposed
merger with City National Bank — report on
competitive factors.
Submitted, September 11, 1992.

Director, FRBO

Federal Reserve notes -- printing ord^r for fiscal
year 1993.
Approved, September 9, 1992.

CURRENCY

EXTENSIONS OF TIME
Richmond

CCB Financial Corporation, Durham, North Carolina -extension to December 12, 1992, to engage in making
and servicing credit card loans.
Granted, September 11, 1992.

San Francisco

Pacific Securities Depository Trust Company, San
Francisco, California — six months’ notice of
withdrawal from membership in the Federal Reserve
System.
Waived, September 10, 1992.

MEMBERSHIP




H .2
SEPTEMBER 8, 1992
PAGE 7

TO

SEPTEMBER 11, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

RESERVE BANK OPERATIONS




Director, FRBO

Federal Reserve Bank of St. Louis —
fifth floor of main Bank building
Approved, September 10, 1992.

renovation of

H .2

ADDITIONS AND CORRECTIONS

SEPTEMBER 8, 1992
PAGE 8

TO

SEPTEMBER II, 1992

ACTIONS TAKEN BY THE BOARD OF GOV RNORS

GENERAL ACCOUNTING OFFICE
Depository Institutions: Flexible Accounting Rules
Lead to Inflated Financial Reports — letter to
Congress concerning General Accounting Office
report.
Approved, July 29, 1992.
REGULATIONS AND POLICIES
Bank supervision — joint resolution between the
Federal Reserve Board and the Conference of State
Bank Supervisors.
Approved, August 20, 1992.
Regulations and reporting requirements -- report to
the President on proposals to reduce regulatory
burden.
Approved, September 1, 1992.

ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Mahaska Investment Company, Oskaloosa Iowa, and
Mahaska Investment Company ESOP — to form a
community development corporation through MIC
Development Corporation.
Returned, September 4, 1992.

Director, BS&R

NationsBank Corporation, Charlotte, North Carolina —
confirmation that its subsidiary, AMRESCO
Institutional, Inc., Dallas, Texas, may manage
assets to be acquired by the Rhode Island
Depositors Economic Protection Corporation.
Approved, June 15, 1992.

H .2

ADDITIONS AND CORRECTIONS

SEPTEMBER 8, 1992
PAGE 9

TO

SEPTEMBER 11, 1992

actions taken by the staff and the federal reserve banks

UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Atlanta

Bank of Tuscaloosa, Tuscaloosa, Alabama, proposed
merger with CB&T Bank of Russell County, Phenix
City, Alabama — report on competitive factors.
Submitted, September 4, 1992.

Atlanta

Interim CB&T Bank of Russell County, Phenix City,
Alabama, proposed merger with CB&T Bank of Russell
County — report on competitive factors.
Submitted, September 4, 1992.

Dallas

Lamesa National Bank, Lamesa, Texas, proposed
acquisition of the deposits of the Lamesa branch of
Bluebonnet Savings Bank, F.S.B., Dallas, Texas -report on competitive factors.
Submitted, August 31, 1992.

Atlanta

Sun Commercial Bank, Panama City, Florida, proposed
merger with Sun Bank / West Florida, N.A.,
Pensacola, Florida — report on competitive
factors.
Submitted, September 3, 1992.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Cleveland •- to enter into a
three-year contract with First National Bank of
Ohio for check processing disaster recovery
services.
Approved, June 11, 1992.

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

Comment Period Ending Date

Application

Neil St. John Raymond,
Newspaper 09-23-92
d/b/a Candlewood Associates
- Change in Control
Federal Register Not Yet Established
Notification to acquire
up to 68.2% of the outstanding
common stock of First Ipswich
Bancorp, Ipswich, Massachusetts

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date

Fleet Financial Group,
Federal Register Not Yet Established
Inc., Providence, Rhode
Island - 4(c)(8) application
to engage in asset management
and Recovery Corporation,
Boston, Massachusetts
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE

♦Subject to CRA




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
Institution




Examination Date
NONE

"N

Rating**

Federal Reserve Bank of New York
Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Valley National Bancorporation, Wayne, New Jersey
("Bancorporation"), to effect an affiliate purchase
and assumption transaction by its bank subsidiary, Valley
National Bank, Wayne, New Jersey of all assets and
liabilities of Mayflower Savings Bank, SLA, Livingston,
New Jersey, Bancorporation's thrift subsidiary.!/
10/9/92
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
KeyCorp, Albany, New York, Key Pacific Bancorp,
Anchorage, Alaska, and Key Bancshares of Washington,
Inc., Seattle, Washington ("Key Bancshares") to acquire
all of the outstanding common shares of Puget Sound
Bancorp ("PSB"), and its bank and nonbank subsidiaries,
by the merger of PSB with and into Key Bancshares.1/

10/7/92 3/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.




Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor­
hoods, in a manner consistent with its resources and capabilities.
Week Ending September 12. 1992
NAME OF BANK

RATING

EXAMINATION DATE

None.

1/
2/
3/
4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Comment Period Ending Date
NONE.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE

Comment Period Ending Date
NONE.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY

Comment Period Ending Date
NONE.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

NONE.

1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.
NOTE:
The following transaction was inadvertently listed on the Mini H-2, dated
9/8/92.
No final notification has been received by the Federal Reserve Bank of
Philadelphia for the following:
MBNA Corporation, Newark DE to establish MBNA Consumer Services, Inc., Newark, DE
and to engage de novo in making consumer loans secured by second mortgages and in
the sale of credit insurance, pursuant to § 4(c)(8) of the BHC Act and
§§ 225.25(b)(1)(iii) and (b)(8)(i) of Regulation Y.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

.

The following institutions were examined for CRA. The 30-business day period the? bank
has to make the evaluation public has lapsed during the week ending September 11, 1992
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

Outstanding record of meeting community credit needs.

An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.

An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.

An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and mode rate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.

An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location




Examination Date
None •

CRA Rating

Federal Reserve Bank of Cleveland

Applications Bulletin
For Week Ending September 12, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE

SECTION I I - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 ( a ) (1) application
from FC Banc Corp., Bucyrus, Ohio, on
September 8, 1992, to acquire The Farmers
Citizens Bank, Bucyrus, Ohio.

* Not Yet Known #

Received Section 3 ( a ) (5) application from
First Financial Bancorp., Hamilton, Ohio,
on September 8, 1992, to acquire Jennings
Union Bankcorp, North Vernon, Indiana.

*N: October 2, 1992

SECTION I I I - A PPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
NONE

SECTION IV - A PPLICA TIO N S NOT SUBJECT TO FEDERAL REG ISTER NOTICE
OR NEWSPAPER NOTICE
NONE

*
N
F
#

-

Subj ect to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period Ending Date

Banque Transatlantique, Paris,
France, to establish a representative
office in Washington, D. C.

Not Yet Available.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

BB&T Financial Corporation, Wilson,
North Carolina, to acquire First
Fincorp, Inc., Kinston, North Carolina.

Not Yet Available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Comment Period Ending Date

Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending September 11, 1992

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Examination
Date____

Rating

Sterling Bank & Trust Co.
Ill Water Street
Baltimore, Maryland 21202

6-29-92

Satisfactory

Bank of Lancaster
100 Main Street
Kilmarnock, Virginia

7-6-92

Satisfactory




22482

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 11. 1992

Section 1 - Applications Subject to Newspaper Notice OnlyApplication

Comment Period Ending Date

SouthTrust Corporation
Not yet available*
Birmingham, Alabama
To acquire Colony Bank, Clearwater,
Florida, a Savings Association Insurance
Fund member, pursuant to 5( d ) (3) of the
Federal Deposit Insurance Act, as amended
by the Federal Deposit Insurance Corporation
Act of 1991.
Capital City Bank Group, Inc.
Tallahassee, Florida
To acquire the Branford, Florida branch
of First Federal Savings Bank of Perry,
Perry, Florida, through merger with its
wholly-owned subsidairy, Branford State
Bank, Branford, Florida, pursuant to
Section 5( d ) (3) of the Federal Deposit
Insurance Act, as amended by the Federal
Deposit Insurance Corporation Act of 1991.

Not yet available*

SouthTrust of West Florida
St. Petersburg, Florida
To merge with Colony Bank, Clearwater, Florida,
pursuant to Section 18(c) of the Federal
Deposit Insurance Act.

10-12-92*

Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

First Community Bancorp, Inc.
Shelbyville, Tennessee
1-BHC formation, First Community Bank
of Bedford County, Shelbyville, Tennessee.

Not yet available*

♦Subject to Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 11. 1992
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice

Frankewing Bancshares, Inc.
Not yet available*
Frankewing, Tennessee
After-the-fact change in control by Meade
C. Hopkins and wife, Betty J. Hopkins, to
become the largest shareholder of Frankewing
Bancshares, Inc., Frankewing, Tennessee, at
23.6 percent, through a holding company
redemption of stock held by the previous
largest shareholder.
Section 3 - Applications Subject to Federal Register Notice Only

Application

Comment Period Ending Date

None.

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
FNB Banking Company
Griffin, Georgia
To redeem 400,000 shares of its outstanding
common stock.

♦Subject to Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 11. 1992

Section 10 - Availability of CRA Public Evaluations

The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution 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 needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
None.




Rating

Date

Federal Reserve Bank of Chicago
Section I

-

Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Type

Application

Merger/

Peoples Bank
Bloomington, Illinois
Lexington Bank
Lexington, Illinois*

N

- **

Merger/
Branch

Cole Taylor Bank
Chicago, Illinois
Cole Taylor Bank/Yorktown
Lombard, Illinois
One Yorktown
Lombard, Illinois*

N

- 8-21-92

Merger/
Branches/24A

Old Kent Bank
Elmhurst, Illinois
First Federal of Elgin, F.S.A.
Elgin, Illinois
UnibancTrust/DuPage
Chicago, Illinois
28 North Grove Avenue
Elgin, Illinois
1645 Larkin Avenue
Elgin, Illinois
525 Waverly Drive
Elgin, Illinois
251 South State Street
Hampshire, Illinois
501 West Main Street
West Dundee, Illinois*

N

- 9-14-92

Oakar

Old Kent Financial Corporation
Grand Rapids, Michigan
University Financial Corporation
Elgin, Illinois
First Federal of Elgin, F.S.A.
Elgin, Illinois

NP - 9-14-92

Oakar

Old Kent-Illinois, Inc.
Chicago, Illinois
University Financial Corporation
Elgin, Illinois
First Federal of Elgin, F.S.A.
Elgin, Illinois

NP - 9-14-92




Federal Reserve Bank of Chicago

Type

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Application

Y-2

Firstar Corporation
Milwaukee, Wisconsin
DSB Corporation
Deerfield, Illinois
Deerfield State Bank
Deerfield, Illinois*

FR - 9-28-92
N - 9-21-92

Y-2

Firstar Corporation of Illinois
Milwaukee, Wisconsin
DSB Corporation
Deerfield, Illinois
Deerfield State Bank
Deerfield, Illinois*

FR - 9-28-92
N - 9-21-92

Y-2

Hawkeye Bancorporation
Des Moines, Iowa
Jasand, Inc.
Cedar Rapids, Iowa
City National Bank of Cedar Rapids
Cedar Rapids, Iowa*

FR - 9-25-92
N - **

CoC-HC

Metrocorp, Inc.
East Moline, Illinois
Metrocorp, Inc. Employee Stock
Ownership Plan
East Moline, Illinois

FR - 9-21-92
N - **

Y-2

Peoples Mid-Illinois Corporation
Bloomington, Illinois
Lexington Bancshares, Inc.
Lexington, Illinois
Lexington Bank
Lexington, Illinois*

FR - **
N - **

Y-l

PMI Acquisition Corporation
Bloomington, Illinois
Lexington Bank
Lexington, Illinois*

FR - **
N - **

Y-2

Heritage Financial Services, Inc
Blue Island, Illinois
Alsip Bancorporation, Inc.
Alsip, Illinois
Alsip Bank and Trust
Alsip, Illinois*

FR - **
N - **




Federal Reserve Bank of Chicago

Type

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(continued)
Comment Period
Application
Ending Date

Y-2

Seaway Bancshares, Inc.
Chicago, Illinois
Highland Community Company
Chicago, Illinois
Highland Community Bank
Chicago, Illinois*
Section III

-

FR - **
N - **

Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date

Type

Application

4(c) (8)

Central-State Bancorp, Inc.
Beulah, Michigan
Central State Services Corp.
Beulah, Michigan— engage de novo in
making and selling fixed rate mortgages

FR - 9-25-92

4(c)(8)

Kennedy Bancshares, Inc.
Bancroft, Iowa
To engage de novo in making and servicing
of loans

FR - 9-25-92

4(c)(8)

Mahaska Investment Company
Oskaloosa, Iowa
MIC Development Corporation
Oskaloosa, Iowa

FR - 9-28-92

4(c)(8)

Mahaska Investment Company ESOP
Oskaloosa, Iowa
MIC Development Corporation
Oskaloosa, Iowa

FR - 9-28-92

4(c) (8)

Prairieland Bancorp, Inc.
FR - **
Bushnell, Illinois
Dunteman and Co.
Bushnell, Illinois— engage in tax planning,
preparation and recordkeeping

Y-4

Cole-Taylor Financial Group, Inc.
Chicago, Illinois
Centre Capital Funding Corp.
Evanston, Illinois




FR - **

Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
(continued )
Comment Period
Ending Date

Type

Application

Y-4

Old Kent Financial Corporation
FR Grand Rapids, Michigan
First Federal Development Corporation
Elgin, Illinois
University Financial Mortgage Services, Inc.
Elgin, Illinois
University Financial Investment Services, Inc.
Elgin, Illinois

9-8-92

Y-4

Old Kent-Illinois, Inc.
FR Chicago, Illinois
First Federal Development Corporation
Elgin, Illinois
University Financial Mortgage Services, Inc.
Elgin, Illinois
University Financial Investment Services, Inc.
Elgin, Illinois

9-8-92

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

RoS

VCR Bancorporation, Ltd.
Carlisle, Iowa
To redeem 2,600,000 shares of no par voting
common stock

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




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 September 11,
1992. If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of 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.
SN-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.
BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

-First Trust & Savings Bank
111 East Second Street
Aurelia, Iowa
51005
(712) 434-2291

6/01/92

S

-Chemical Bank Michigan
807 McEwen Street
Clare, Michigan
48617
(517) 386-3411

6/01/92

S




Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING SEPTEMBER 11, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

End of Comment- Period

* Section 3(a)(1) application by UniSouth Capital
Corporation, Columbus, Mississippi to acquire UniSouth
Banking Corporation, Columbus, Mississippi
Newspaper: 9-28-92
* Section 3(a)(3) application by First Commercial
Corporation, Little Rock, Arkansas to acquire First
City, Inc., Memphis, Tennessee

Newspaper: 10-7-92

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
Section 4(c)(8) notification by CBT Corporation,
Paducah, Kentucky to engage de novo, indirectly
through Fidelity Credit Corporation, Paducah,
Kentucky, in the sale of property insurance

End of Comment Period

Not yet available

* Section 4(c)(8) application by Union Planters
Corporation, Memphis, Tennessee to acquire Security
Trust Federal Savings and Loan Association,
Knoxville, Tennessee
Not yet available
* Section 4(c)(8) application by Union Planters
Corporation, Memphis, Tennessee to acquire SaveTrust
Federal Savings Bank, Dyersburg, Tennessee
Not yet available

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.

*

This application is subject to CRA.




FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
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 of 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 im prove record o f 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 noncom pliance in meeting community credit needs
A n 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.

FOR THE WEEK ENDING

Name of Bank
The Elberfeld State Bank




September 11, 1992

E xam ination
D ate

Bank Address

P. 0. Box 38
Elberfeld, Indiana

6-1-92
47613

E xam ination
R atin g
Needs to
Improve

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endina Date

Application
None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
E. J. Heymans, Sr., Revocable Trust
To acquire 35.2% of the voting shares
of Dunn County Bankshares, Inc.
Menomonie, WI

Comment Period
Endina Date
9-21-92
(Federal Register)

Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting shares
of Rocky Mountain Bankshares, Inc.,
Golden Valley, MN, through merger with
Norwest Colorado, Inc.*

Not yet available

Chisholm Bancshares, Inc.
Chisholm, MN
To acquire 100% of the voting shares of
Farmers & Merchants State Bank, Cook, MN.*

Not yet available

Dairyland Bank Holding Corp.
La Crosse, WI
To acquire 91.85% of the voting shares of
La Farge State Bank, La Farge, WI and
100% of the voting shares of Bank of Alma,
Alma, WI.*
Frandsen Financial Corporation
Forest Lake, MN
To acquire 100% of Citizens Bank of East
Grand Forks, East Grand Forks, MN; 100%
of First State Bank of Ada, Ada, MN; 100%
of Nimrod Enterprises, Inc. Foley, MN, a
one-bank holding company owning the State
Bank of Foley, Foley, MN; and 100% of The
Gilmanton Co., Gilman, MN, a one-bank
holding company owning the First State
Bank, Gilman, MN*

♦Subject to CRA




10-3-92
(Newspaper)

Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)
Comment Period
Ending Date

Application
Norwest Corporation
Mpls, MN
To acquire, via merger, Merchants
& Miners Bancshares, Inc., Hibbing,
MN, a one-bank holding companyowning the Merchants & Miners State
Bank, Hibbing, MN*

Not yet available

Minnesota Banc Holding Company
Plymouth, MN
To acquire 100% of Citizens State
Bank of Montgomery, Montgomery, MN*

Not yet available

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

♦Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending September 18, 1992

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 moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
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
First Citizens Bank
of Butte
3220 Harrison Avenue
P. 0. Box 3149
Butte, MT 59702-3149
(406) 494-4400

DATE OF EXAMINATION
June 15, 1992

Marquette Bank New Prague
217 West Main Street, Box 4
New Prague, MN 56071-0004
(612) 758-4465



June 8, 1992

CRA RATING
Satisfactory

Satisfactory

Federal Reserve Bank of Kansas City

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

Centennial Bank Holdings, Inc.,
Denver, Colorado, for prior approval
to become a bank holding company
through the acquisition of 94.84
percent of the voting shares of Eaton
Capital Corporation, Eaton,
Colorado.*

Not Available

El Paso Bancshares, Inc., Monument,
Colorado, for prior approval to
acquire 100 percent of the voting
shares of Western Bank, Taos, New
Mexico.*

Not Available

Citizens National Corporation,
Wisner, Nebraska, for prior approval
to acquire 100 percent of the voting
shares of The First National Bank of
Belden, Belden, Nebraska.*

Not Available

Phillips Holdings, Inc., Stuttgart,
Kansas, for prior approval to become
a bank holding company through the
acquisition of 100 percent of the
voting shares of The Farmers State
Bank, Stuttgart, Kansas.*

Not Available

John D. and Lee D. Mapes and Robert
J. and Joyce A. Mapes, for prior
approval to acquire 100 percent of
the outstanding voting shares of
Consolidated Insurance, Inc., Hill
City, Kansas.

Not Available




Federal Reserve Bank of Kansas City

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
Fourth Financial Corporation,
Wichita, Kansas, for prior approval
to acquire certain assets and assume
certain liabilities of nine branches
of Sooner Federal Savings
Association, a Division of First
Gibraltar Bank, FSB, Irving, Texas.

COMMENT PERIOD ENDING DATE
Not Available

SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Consolidated Insurance, Inc., Hill
City, Kansas, for prior approval to
redeem 1,684 shares of its own voting
common stock.

Not Available

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.




Federal Reserve Bank of Kansas City

Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
Bank/Location

Exam Date

None.

*Application is subject to CRA.




CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AN NOTIFICATIONS FILED DURING THE W
D
EEK OF SEPTEMBER 7, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

Change in Control Notice by
Raymond Eugene McDonald, Greenville, TX, to acquire
an interest in Colonial Bancshares of Greenville, Inc.,
Greenville, TX
(Previously reported during the week of 7-20-92)

92/09/25

Change in Control Notice by
John T. Cannon, Kenneth B. Clark, Jarvis H. Porter,
Caldwell, TX; and Switzer L. Deason, M. Frank Thurmand,
William R. Vance, Bryan, TX, to acquire an interest in
Caldwell Capital Corporation, Caldwell, TX

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 7, 1992

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding
leader in, ascertaining and helping to meet the
entire
delineated community,
including
lowneighborhoods,
in a manner
consistent with
capabilities.

record of, and is a
credit needs of its
and
moderate-income
its
resources
and

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 9/11/92
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

M. Kent Foote, Sandy, Utah, to increase
his ownership from 13.84 percent up to
14.70 percent in Guardian Bancorp, Salt
Lake City, Utah.

Newspaper:

9/20/92

Fed. Reg.:

10/05/92

Section III - Applications Subject to Federal Register Notice Only
Application

Comment Period Ending Date

North Cascades Bancshares, Inc., Chelan,
Washington, to engage de novo in brokerage
and investment advisory services through
North Cascades Financial Services, Inc.,
Chelan, Washington.

Fed. Reg.:

Grupo Financiero Bacomer S.A. de C.V.,
Bancomer, S.A., Bancomer Holding Company
(Antilles) N.V., Bancomer Holding Company
(Netherlands) B.V., and Bancomer Holding
Company, to engage de novo in receiving money
for transmission abroad, buying and selling
foreign currency, check cashing and issuing and
selling U.S. and foreign currency money orders
with a face value of $1,000 or less through
Bancomer Transfer Services, Inc., Los Angeles,
California.

Fed. Reg.: Not yet published

Continental Bancorporation, Las Vegas, Nevada,
to engage de novo in trust company activities
in Nevada through Contiental Trust Company,
Las Vegas, Nevada.

Fed. Reg.:

Not available

Eldorado Bancorp, Laguna Hills, California, to
engage de novo in making, acquirng or
servicing loans or other extensions of credit
through Eldorado Bancorp Home Loans, Inc.,
Laguna Hills, California.*

Fed. Reg.:

Not available

* Subject to CRA




10/09/92

FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’ d.)

Week ending 9/11/92
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending September 11, 1992. Information about a particular
institution’s CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None*

* Under the rating system an institution’s CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs: An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.




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