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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1993, No. 38
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending September 18, 1993
ACTZONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Community Reinvestment Act and the efforts to
strengthen and improve its administration —
statement by Governor Lindsey before the
Subcommittee on General Oversight, Investigations
and the Resolution of Failed Financial Institutions
of the House Committee on Banking, Finance and
Urban Affairs, September 17, 1993.
Published, September 14, 1993.
BANK HOLDING COMPANIES
BankAmerica Corporation, San Francisco, California -request for temporary relief from commitment to
require only one piece of identification when
establishing a deposit account relationship for a
new customer.
Granted, September 15, 1993.
NationsBank Corporation, Charlotte, North Carolina -to engage in inventory collateral inspection
services on a stand-alone basis through
NationsCredit Commercial Corporation, Allentown,
Pennsylvania.
Approved, September 13, 1993.
Royal Bank of Scotland Group pic, Edinburgh,
Scotland, The Royal Bank of Scotland pic; Citizens
(U.K.) Limited; and Citizens Financial Group, Inc.,
Providence, Rhode Island -- to acquire The Boston
Five Bancorp, Inc., Boston, Massachusetts, and The
Boston Five Cents Savings Bank, FSB; and to retain
control of the Boston Five Savings Bank after
conversion to a Massachusetts savings bank.
Approved, September 13, 1993.
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SEPTEMBER 18, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consuaer and
Coanunity Affairs; FOMC - Federal Open Market Coaaittee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Manageaent
BANK BRANCHES. DOMESTIC
San Francisco
Bank of San Raaon, San Raaon, California — to
establish a branch at 3189 Danville Boulevard,
Alaao, California.
Approved, Septeaber 17, 1993.
Philadelphia
Central Bank, Hollidaysburg, Pennsylvania -- to
establish branches at Sam's Club and Wal-Mart
stores at 2500 and 2600 Plank Road Coaaons,
Altoona, Pennsylvania.
Approved, Septeaber 17, 1993.
Chicago
First of Aaerica Bank - Ann Arbor, Ann Arbor,
Michigan - - t o establish an offsite electronic
facility at Catherine McCauley Health Center, 5301
East Huron River Drive, Ypsilanti, Michigan.
Approved, Septeaber 14, 1993.
Chicago
First of Aaerica Bulk - Ann Arbor, Ann Arbor,
Michigan -- to establish a branch at 27 South Huron
Street, Ypsilanti, Michigan.
Approved, Septeaber 14, 1993.
H.2
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PAGE 3
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SEPTEMBER 18, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Chicago
First of America Bank - West Michigan, Grand Rapids,
Michigan - - t o establish a branch at 300 South
State Street, Zeeland, Michigan.
Approved, September 16, 1993.
Richmond
George Mason Bank, Fairfax, Virginia -- to establish
a branch at 6402 Williamsburg Boulevard, Arlington,
Virginia.
Approved, September 15, 1993.
Philadelphia
Pennsylvania State Bank, Camp Hill, Pennsylvania -to establish a branch at the northwest corner of
Crums Mill and Colonial Roads, Lower Paxton
Township, Harrisburg, Pennsylvania.
Approved, September 13, 1993.
Richmond
Premier Bank, Inc., Wytheville, Virginia - - t o
establish a branch at the intersection of U.S.
Highway 21 and 52 and State Route 1005, Bland,
Virginia.
Approved, September 13, 1993.
Cleveland
Provident Bank of Kentucky, Alexandria, Kentucky
to establish a branch at 6826 Burlington Pike,
Florence, Kentucky.
Approved, September 14, 1993.
St. Louis
River Valley Bank and Trust, Barling, Arkansas -- to
establish branches at 617 Broadway, Van Buren,
Arkansas, and 2321 Industrial Park Road.
Approved, September 13, 1993.
Cleveland
State Bank and Trust Company, Defiance, Ohio - - t o
establish a branch at 705 Detrich Street.
Approved, September 15, 1993.
Chicago
1st Source Bank, South Bend, Indiana - - t o establish
a branch at 101 South Main Street, Goshen, Indiana
Approved, September 13, 1993.
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TO
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A CTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
ABN AMRO North America, Inc., Chicago, Illinois; ABN
AMRO Bank, N .V ., Amsterdam, The Netherlands;
Stichting Prioriteit ABN AMRO Holding; Stichting
Administratiekantoor ABN AMRO Holding, and LaSalle
National Corporation, Chicago, Illinois -- to
acquire certain assets and assume certain
liabilities associated with certain branches of
LaSalle Talman Bank, F.S.B., Chicago, Illinois.
Approved, September 15, 1993.
Dallas
Bancwest Bancorp, Inc., Austin, Texas -- to acquire
Community State Bank, Boling, Texas.
Approved, September 15, 1993.
Chicago
Banklllinois Financial Co., Champaign, Illinois -- to
acquire Bank of Illinois in Champaign.
Approved, September 17, 1993.
Chicago
Bluestem Financial Corp., Fairbury, Illinois -- to
engage de novo in investment and financial advisory
and consumer financial counseling activities
through Bluestem Financial Services, Inc.
Permitted, September 17, 1993.
Richmond
Carolina First Corporation, Greenville, South
Carolina -- to engage in originating and servicing
mortgage loans through First Sun Mortgage
Corporation, Columbia, South Carolina.
Approved, September 16, 1993.
Richmond
CCB Financial Corporation, Durham, North Carolina -to acquire CCB Savings Bank of Shelby, Inc.,
Shelby, North Carolina.
Approved, September 14, 1993.
Atlanta
CNB, Inc., Lake City, Florida -- to acquire certain
assets and assume certain liabilities of the Lake
City and Live Oak, Florida, branches of Anchor
Savings Bank, F.S.B., Hewlett, New York.
Approved, September 15, 1993.
Secretary
Colorado Employee Stock Ownership Plan, Lakewood,
Colorado - - t o acquire FirstBank Holding Company of
Colorado, Lakewood, Colorado.
Approved, September 16, 1993.
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1993
TO
SEPTEMBER 18,
1993
ACTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Community First Bankshares, I n c . , Fargo, North Dakota
- - t o acquire Rural American Bank of Greenwald,
Greenwald, Minnesota.
Approved, September 17, 1993.
Dallas
Corpus Christi National Bank, Corpus Christi, Texas - to acquire Coastal Bend Bancshares, Inc., and
Coastal Bend National Bank.
Approved, September 16, 1993.
Dallas
C.S.B. Delaware, Inc., Wilmington, Delaware -- to
acquire Citizens State Bank, Somerville, Texas.
Approved, September 16, 1993.
Chicago
Erie Bancorp, Inc., Erie, Illinois -- to engage de
novo in making and servicing loans.
Permitted, September 17, 1993.
San Francisco
First Community Bankshares, Inc., San Francisco,
California -- to acquire the Hayward, California
branch of Homestead Federal Savings Association,
Millbrae, California.
Approved, September 17, 1993.
Richmond
First Merchants Bancorp, Inc., Montgomery, West
Virginia -- proposal that The Merchants National
Bank of Montgomery, Montgomery, West Virginia,
acquire certain assets and assume certain
liabilities of Evergreen Federal Savings and Loan
Association, Charleston, West Virginia.
Approved, September 17, 1993.
Secretary
First Security Corporation, Salt Lake City, Utah -to acquire Continental Bancorporation, Las Vegas,
Nevada, and Continental National Bazik, its nonbank
subsidiaries, Continental Trust Company, and CNB
Services, Inc.
Approved, September 16, 1993.
Cleveland
First Southern Bancorp, Inc., Stanford, Kentucky -to engage de novo in lending activities.
Approved, September 18, 1993.
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SEPTEMBER 18, 1993
A CTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Fortress Bancshares, Inc., Hartland, Wisconsin -- to
acquire Klossner Bancorporation, Inc.,Houston,
Minnesota, and Houston Security Bank.
Approved, September 16, 1993.
Cleveland
Huntington Bancshares, Incorporated, Columbus, Ohio - proposal that First Bank of Lafayette, Lafayette,
Indiana, merge with The Huntington National Bank of
Indiana, Noblesville, Indiana.
Approved, September 18, 1993.
Cleveland
Huntington Bancshares Incorporated, Columbus, Ohio
to acquire First Bancorp, Indiana, Inc., Lafayette,
Indiana.
Approved, September 18, 1993.
St. Louis
Lincoln County Bancorp, Inc., Troy, Missouri -- to
acquire Altenburg Bancorp, Inc., Altenburg,
Missouri, and Bank of Altenburg.
Approved, September 17, 1993.
St . Louis
Magna Group, Inc., St. Louis, Missouri -- to acquire
City Bancorp, Inc., Murphysboro, Illinois, and The
City National Bank of Murphysboro, and Carboro,
Ltd.
Approved, September 14, 1993.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota, Norwest
Financial, Inc., Des Moines, Iowa, and Norwest
Financial Services, Inc. -- to engage in making and
servicing loans and providing data software
services through Premium Service Corporation of
Columbia, Columbia, South Carolina.
Approved, September 14, 1993.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota - - t o
acquire Winner Banshares, Inc.
Approved, September 17, 1993.
Atlanta
Riverside Banking Company, Fort Pierce, Florida - - t o
engage de novo in leasing personal or real property
or act as agent in leasing such property through
Riverside Leasing Company.
Permitted, September 14, 1993.
H.2
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SEPTEMBER 18, 1993
A CTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
Union Bancshares, Inc., Wichita, Kansas -- to engage
de novo in community development investments
through UBI Financial Services, Inc.
Approved, September 16, 1993.
Minneapolis
Watford City Bancshares, Inc., Watford City, North
Dakota - - t o acquire Fessenden Bancshares, Inc.,
Fessenden, North Dakota.
Approved, September 14, 1993.
BANK MERGERS
Philadelphia
Ambassador Bank of the Commonwealth, Allentown,
Pennsylvania - - t o purchase certain assets and
assume certain liabilities of one branch of Lehigh
Valley Bank, Bethlehem, Pennsylvania, and to
establish a branch.
Approved, September 15, 1993.
BANK PREMISES
St. Louis
Bank of Cairo & Moberly, Moberly, Missouri -investment in bank premises.
Approved, September 17, 1993.
Chicago
First of America Bank - West Michigan, Grand Rapids,
Michigan -- investment in bank premises.
Approved, September 16, 1993.
St. Louis
River Valley Bank and Trust, Barling, Arkansas -investment in bank premises.
Approved, September 13, 1993.
Cleveland
State Bank and Trust Company, Defiance, Ohio - - t o
establish a branch at 705 Detrich Street.
Approved, September 15, 1993.
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1993
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SEPTEMBER 18, 1993
A CTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS
Dallas
National Farm Life Insurance Company, Fort Worth,
Texas -- registration statement.
Withdrawn, September 17, 1993.
Dallas
Oaktree Federal Credit Union, Houston, Texas -registration statement.
Withdrawn, September 17, 1993.
BANKS. STATE MEMBER
New York
Bank of New York, New York, New York -- proposal that
BNY International Financial Corporation hold shares
of BNY International Investments, Inc., Miami,
Florida, prior to liquidation of investments.
Approved, September 14, 1993.
CAPITAL STOCK
Minneapolis
BCB Bancorp, Chippewa Falls, Wisconsin -- redemption
of shares.
Returned, September 17, 1993.
Dallas
Pecos County Bancshares, Inc., Fort Stockton, Texas - redemption of shares.
Approved, September 14, 1993.
CHANGE ZN BANK CONTROL
New York
Amboy Bancorporation, Old Bridge, New Jersey -change in bank control.
Permitted, September 13, 1993.
Dallas
Exchange Bancshares, Inc., Natchitoches, Louisiana
change in bank control.
Permitted, September 17, 1993.
Dallas
Pecos County Bancshares, Inc, Fort Stockton, Texas -change in bank control.
Permitted, September 14, 1993.
Kansas City
Routt County National Bank Corporation, Steamboat
Springs, Colorado -- change in bank control.
Permitted, September 14, 1993.
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SEPTEMBER 18, 1993
A CTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
San Francisco
American River Bank, Sacramento, California, proposed
purchase of certain assets and assumption of
certain liabilities of the Sacramento, California,
branch of Bank of San Francisco, San Francisco,
California -- report on competitive factors.
Submitted, September 15, 1993.
Chicago
Boatmen's National Bank of Iowa, Urbandale, Iowa,
proposed merger with Boatmen's Bank of Greenfield,
Greenfield, Iowa, and Boatmen's National Bank of
Des Moines, Des Moines, Iowa -- report on
competitive factors.
Submitted, September 16, 1993.
Chicago
Citizens First National Bank, Princeton, Illinois,
proposed merger with Citizens First National Bank
of Genoa, Genoa, Illinois -- report on competitive
factors.
Submitted, September 16, 1993.
Atlanta
Colonial Bank, Ardmore, Tennessee, proposed
acquisition of four Tennessee branches of First
American Federal Savings and Loan Association,
Huntsville, Alabama -- report on competitive
factors.
Submitted, September 14, 1993.
Chicago
Commerce Bank, National Association, Peoria,
Illinois, proposed merger with Commerce Bank of
Tazewell County, National Association, Delavan,
Illinois, and Commerce Bank of Woodford County,
National Association, Matamora, Illinois -- report
on competitive factors.
Submitted, September 16, 1993.
Philadelphia
Dauphin Deposit Bank and Trust Company, Harrisburg,
Pennsylvania, proposed merger with Valley Bank and
Trust Company, Chambersburg, Pennsylvania -- report
on competitive factors.
Submitted, September 17, 1993.
Chicago
Farmers & Merchants Bank & Trust, Burlington, Iowa,
proposed merger with Farmers & Merchants Interim
State Bank -- report on competitive factors.
Submitted, September 16, 1993.
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SEPTEMBER 18, 1993
A CTIO N S TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Richmond
First American Bank of Virginia, McLean, Virginia,
proposed merger with First Union National Bank of
Virginia, Roanoke, Virginia -- report on
competitive factors.
Submitted, September 13, 1993.
Chicago
LaSalle Northwest National Bank, Chicago, Illinois -proposed purchase of certain assets and assumption
of certain liabilities of the 12 branches of
LaSalle Talman Bank, F.S.B. -- report on
competitive factors.
Submitted, September 15, 1993.
Minneapolis
Norwest State Bank, Winner, South Dakota, proposed
merger with Farmers State Bank -- report on
competitive factors.
Submitted, September 17, 1993.
Chicago
Owen County State Bank, Spencer, Iowa, proposed
purchase of assets and assumption of liabilities of
the Paragon, Indiana, branches of Society National
Bank, South Bend, Indiana ~~ report on competitive
factors.
Submitted, September 17, 1993.
St . Louis
St. Charles Federal Bancshares, Inc., St. Charles,
Missouri -- proposed acquisition of St. Charles
Federal Savings and Loan Association -- report on
compet it ive factors.
Submitted, September 13, 1993.
Richmond
Triad Bank, Greensboro, North Carolina, proposed
merger with Bankers Trust of North Carolina,
Greensboro, North Carolina -- report on competitive
factors.
Submitted, September 14, 1993.
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1993
TO
SEPTEMBER 18, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
VNDER DELEGATED AUTHORITY
EXTENSIONS OF TINE
Minneapolis
Bank of Montana, Great Falls, Montana -- extension to
December 18, 1993, to merge with Montana Bank,
Billings, Montana.
Granted, September 17, 1993.
Atlanta
Employee Stock Ownership Plan and Trust of Southwest
Georgia Financial Corporation, Moultrie, Georgia -extension to December 30, 1993, to acquire
Southwest Georgia Financial Corporation.
Granted, September 16, 1993.
Richmond
First Virginia Bank - Colonial, Richmond, Virginia -extension to March 1, 1994, to establish a branch
in the Harbour Pointe Shopping Center, Midlothian,
Virginia.
Granted, September 17, 1993.
St. Louis
Hollandale Capital Corporation, Hollandale,
Mississippi -- extension to December 16, 1993, to
acquire Bank of Hollandale.
Granted, September 13, 1993.
Director, BS&R
Morgan Guaranty International Finance Corporation,
New York, New York -- extension to August 19, 1995,
to make an investment in J.P. Morgan Securities
Ltd., London, England.
Granted, September 17, 1993.
Richmond
NationsBank Corporation, Charlotte, North Carolina -extension to December 18, 1993, to engage in
lending and leasing services through Nations
Leasing and Finance Corporation.
Granted, September 16, 1993.
H.2
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PAGE 12
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SEPTEMBER 18, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Philadelphia -- to purchase
equipment for the bank's check processing
operations.
Approved, September 15, 1993.
RESERVE BANK SERVICES
Director, FRBO
Federal Reserve Bank of Chicago - - t o implement a
Contingency MICR Line Capture Payor Bank Service at
the Indianapolis office.
Approved, September 13, 1993.
H.2
SEPTEMBER 13, 1993
PAGE 13
ADDITIONS AND CORRECTIONS
TO
SEPTEMBER 18, 1993
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
INTERNATIONAL OPERATIONS
Citibank Overseas Investment Corporation, New Castle,
Delaware - - t o invest in International Finance
Associates, B.V., Amsterdam, The Netherlands.
Permitted, September 10, 1993.
REGULATIONS AND POLICIES
Interagency policy statement regarding branch
closings by depository institutions.
Approved, August 11, 1993.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Quick Bancorp, Inc., McClelland, Iowa -- to acquire
Peoples National Bank, Council Bluffs, Iowa.
Approved, September 10, 1993.
CAPITAL STOCK
Minneapolis
First Dakota Financial Corporation, Yankton, South
Dakota -- redemption of shares.
Withdrawn, September 10, 1993.
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
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Needs to Improve; "SN" - Substantial Noncompliance.
"N" -
Institution
Itetino*
Examination Date
NONE
♦Subject to CRA
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Notice of Change in Bank Control on behalf of Jeffrey E.
Shulman, Leonard I. Ackerman, Frederick R. Shulman, Frank A.
Tramontano, Rosemarie E. Tramontano, and Paul E. Tramontano,
and Blue Marlin, Inc., and White Marlin Partners, both of
White Plains, New York, and Oakwood Tree Surgeons, Inc.,
Pleasantville , New York (together "Notificant") with respect
to the Notification's proposed purchase of an additional 9.97
percent of the voting shares of Hamptons Bancshares, Inc.,
Southhampton, New York ("Banshares") which will increase
Notificant's holdings from 9.83 percent to 19.80 percent of
Banshares's stock
N/A
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Creditanstalt Bankverein, Vienna, Austria, to engage
indirectly, through its subsidiary, Creditanstalt
International Advisers Group, Inc., in investment
advisory activities through a joint venture limited
partnership, Steinberg Asset Management Company, L.P.,
New York, New York, with Steinberg Asset Management
Company, Inc.
SECTION IV
Applications Not Involving
______ Public Comment______
Non e .
N/A
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depositoryinstitution'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 18, 1993
NAME OF BANK
RATING
EXAMINATION DATE
None.
H | CN|
/
/
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
Meridian Bank, Reading, Pennsylvania, to establish a remote service facility to be
located at Genuardi's Supermarket, St. Davids Square, 550 East Lancaster Avenue, St.
Davids, Delaware County, Pennsylvania, pursuant to Section 9 of the Federal Reserve
Ac t .
10/12/93
Newspaper comment period expires:
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
First Fidelity Bancorporation, Lawrenceville, NJ requests approval to acquire 100% of
Greenwich Financial Corporation, Greenwich, Connecticut, pursuant to Section 4(c)(8)
of the BHC Act.
Fed. Register comment period expires:
10/12/93
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICEOR NEWSPAPER NOTICE
None.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.
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 gapf^mher 17. 1993
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 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/Location
None.
Examination Date
CRA Rating
Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending September 18, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
Received prior notice Premier Bank &
Trust, Elyria, Ohio, on August 23, 1993,
of its intent to establish two (2) CBCT
branch facilities at 149 Midway Blvd.,
Elyria, Ohio, and 7735 State Route #37 and
Interstate 71, Sunbury, Ohio.
Received Section
Farmers Citizens
on September 14,
Farmers Citizens
* September 27, 1993
18(c) application from
Interim Bank, Bucyrus, Ohio,
1993, to merge with The
Bank, Bucyrus, Ohio.
* October 11, 1993
Received application from Farmers Citizens
* October 11, 1993
Interim Bank, Bucyrus, Ohio, on September 14,
1993, to become a member of the Federal
Reserve System.
Received Section 1 8 (c) application from
Heartland Bank, Croton, Ohio, on September 14,
1993, to acquire the Newark, Ohio, branch of
Century Bank, Upper Arlington, Ohio.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 ( a ) (5) application from
* N : October 13, 1993
Banc One Corporation, Columbus, Ohio, and
Banc One Wisconsin Corporation, Milwaukee,
Wisconsin, on September 14, 1993, to acquire
First Financial Associates, In c .,Kenosha,
Wisconsin.
Received Section 3 ( a ) (3) application from
Provident Bancorp, Inc., Cincinnati, Ohio,
on September 16, 1993, to acquire Heritage
Savings Bank, Cincinnati, Ohio.
*
N
F
#
-
*N: October 14, 1993
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
Applications Bulletin
For Week Ending September 18, 1993
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 ( a ) (1) application from
*N: October 15, 1993
Central Bancshares, Inc., Lexington,
Kentucky, on September 17, 1993, to acquire
Central Bank & Trust Co., Lexington, Kentucky.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
None
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Received request from The State Bank and Trust Company, Defiance,
Ohio, on September 14, 1993, for permission to exceed its limit
of investment in bank premises permitted under Section 24A of the
Federal Reserve A c t .
Received request from Heartland Bank, Croton, Ohio, on September
14, 1993, for permission to exceed its limit of investment in
bank premises permitted under Section 24A of the Federal Reserve
Act.
*
N
F
#
-
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(September 17, 1993)
The following state member banks have been examined by the
Federal Reserve Bank of Cleveland for compliance with The
Community Reinvestment Act.
A public evaluation document became
available from the bank(s) listed below during the week ended
September 17, 1993.
If you are interested in obtaining a copy of
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 of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SATISFACTORY:
a bank 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:
a bank 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 NON COMPLIANCE:
a bank 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.
The Croghan Colonial Bank
323 Croghan Street
Fremont, Ohio 43420
(419) 332-7301
Rating:
Satisfactory
Exam Date:
June 14, 1993
Federal Reserve Bank of Richmond
S e c tio n I - A p p lic a t io n s S u b je c t t o N e w s p a p e r
N o t i c e O n ly
C o m m e n t P e r i o d E n d in g D a te
A p p lic a tio n
FCNB B a n k , F r e d e r i c k , M a r y la n d , t o a c q u i r e
t h e E l d e r s b u r g , M a r y la n d , b r a n c h o f T h e
C o lu m b ia B a n k , C o lu m b ia , M a r y l a n d . *
1 0 -1 3 -9 3
FCNB B a n k , F r e d e r i c k , M a r y la n d , t o e s t a b l i s h
a b r a n c h i n t h e W a l k e r s v i l l e B u s in e s s a n d
P r o f e s s i o n a l C e n t e r a t W o o d s b o ro P ik e a n d
N ic o d e m u s R o a d , W a l k e r s v i l l e , M a r y l a n d . *
1 0 -1 5 -9 3
S o u th e r n N a t io n a l C o r p o r a t io n , L u m b e rto n ,
N o rth C a r o lin a , to h a v e i t s s u b s id ia r y ,
S o u t h e r n N a t i o n a l B a n k o f S o u th C a r o l i n a ,
C o lu m b ia , S o u th C a r o l i n a , m e rg e w i t h T h e
F i r s t S a v in g s B a n k , F S B , G r e e n v i l l e , S o u th
C a r o lin a . *
1 0 -1 5 -9 3
C e n tu ra B a n k s , I n c . , R o c k y M o u n t, N o rth
C a r o l i n a , t o a c q u i r e R o b e s o n S a v in g s B a n k ,
I n c . , SSB, L u m b e rto n , N o r th C a r o lin a , a n d
to h a v e i t s s u b s id ia r y , C e n tu ra B a n k , R o c k y
M o u n t, N o r t h C a r o l i n a , m e rg e w i t h t h e
s u c c e s s o r t o R o b e s o n S a v in g s B a n k , I n c . ,
S S B .*
1 0 -2 2 -9 3
S e c tio n I I - A p p lic a t io n s S u b je c t t o B o th
N e w s p a p e r a n d F e d e r a l R e g is te r N o tic e
Application
S B I V o t in g T r u s t , B e th e s d a , M d ., N o tic e
o f C hange in C o n tr o l w ith re s p e c t to
C r e d it I n t e r n a t io n a l B a n c s h a re s , L t d . ,
W a s h in g t o n , D . C .
C r e d it I n t e r n a t io n a l B a n c s h a re s , L t d . ,
W a s h in g t o n , D . C . , t o a c q u i r e S e q u o ia
N a t i o n a l B a n k , M D , B a l t i m o r e , M a r y la n d
( t h e p r o p o s e d s u c c e s s o r t o S e q u o ia
F e d e r a l S a v in g s B a n k , B a l t i m o r e , M a r y l a n d ) . *
S o u th e r n N a t io n a l C o r p o r a t io n , L u m b e rto n ,
N o r t h C a r o l i n a , t o m e rg e w i t h R e g e n c y
B a n c s h a re s I n c . , H ic k o r y , N o r th C a r o lin a *
' ^ A p p l i c a t i o n i s s u b j e c t t o CRA r e q u i r e m e n t s .
C o m m e n t P e r i o d E n d in g D a te
N o t y e t a v a ila b le .
1 0 -9 -9 3
1 0 -1 6 -9 3
Federal Reserve Bank of Richmond
S e c tio n I I I
- A p p l i c a t i o n s S u b je c t t o F e d e r a l R e g i s t e r N o t i c e
A p p lic a tio n
C o m m e n t P e r i o d E n d in g D a te
N a t io n s B a n k C o r p o r a t i o n , C h a r l o t t e , N o r t h
C a r o lin a , to a c q u ir e s u b s t a n t ia lly a l l o f
th e a s s e ts a n d assu m e c e r t a in o f th e l i a b i l i
t i e s o f US WEST F i n a n c i a l S e r v i c e s ,
In c .,
S ta m fo rd , C o n n e c tic u t.
S e c tio n IV - A p p lic a t io n N o t S u b je c t t o
F e d e r a l R e g is t e r N o tic e o r N e w s p a p e r N o t ic e
N one .
* * E x p ir a t io n o f com m e nt p e r io d s p e c if ie d in th e F e d e ra l R e g is t e r .
1 0 -1 -9 3 **
Federal Reserve Bank of Richmond
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
W e e k e n d in g S e p te m b e r 1 7 , 1 9 9 3
D e f i n i t i o n o f R a t in g s
O u t s t a 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 r e d i t n e e d s .
A n i n s t i t u t i o n i n t h i s g ro u p h a s a n o u t s t a n d in g r e c o r d o f , a n d i s a le a d e r
in , a s c e r t a 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 i t s e n t ir e
d e l i n e a t e d c o m m u n it y , i n c l u d i n g lo w - a n d m o d e r a t e - 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 te n t w it h i t s re s o u rc e s a n d c a p a b ilit ie 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 in g c o m m u n ity c r e d i t n e e d s .
A n i n s t i t u t i o n in t h is g ro u p h a s a s a t is f a c t o r y r e c o r d o f a s c e r ta in in g a n d
h e l p i n g t o m e e t t h e c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d c o m m u n it y ,
i n c l u d i n g lo 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 , i n a m a n n e r c o n s i s t e n t
w ith i t s re s o u rc e s a n d c a p a b ilit ie s .
N e e d s t o 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 r e d i t n e e d s .
A n i n s t i t u t i o n i n t h i s g r o u p n e e d s t o im p r o v e 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 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 i t s e n t ir e d e lin e a te d
c o m m u n it y , i n c l u d i n g lo w - a n d m o d e r a t e - in c o m e n e ig h b o r h o o d s , i n a m a n n e r
c o n s is te n t w it h i t s re s o u rc e s a n d c a p a b ilit ie s .
S u b s t a n t i a l n o n c o m p lia n c e i n m e e t in g c o m m u n ity c r e d i t n e e d s .
A n i n s t i t u t i o n in t h is g ro u p h a s a s u b s t a n t ia lly d e f ic ie n t r e c o r d o f a s c e r
t a 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 i t s e n t ir e d e lin e a te d
c o m m u n it y , i n c l u d i n g lo w - a n d m o d e r a t e - in c o m e n e ig h b o r h o o d s , i n a m a n n e r
c o n s is te n t w it h i t s re s o u rc e s a n d c a p a b ilit ie s .
U n io n B a n k a n d T r u s t
M a in S t r e e t a t D a v is C t .
B o w lin g G r e e n , V i r g i n i a 2 2 4 2 7
C e n tu ra B a n k
1 0 0 1 H a m ilt o n R o a d
R o c k y M o u n t, N o r t h C a r o l i n a 2 7 8 7 0
E x a m in a t io n
D a te ______
Rating
7-6-93
S a tis f a c to r y
8-20-93
S a tis f a c to r y
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 17, 1993
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Central Bank of the South
Birmingham, Alabama
To acquire the assets and assume the
liabilities of Central Bank, N. A . , Anniston,
Alabama, pursuant to Section 18(c) of the
Federal Deposit Insurance Act.
Not yet available*
Central Bank, N.A.
Not yet available*
Anniston, Alabama
To become a member of the Federal Reserve
System, pursuant to Section 9 of the Federal
Reserve Act, and Section 208.4 of Regulation H.
The Bank will then be known as Central Bank.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
SouthTrust Corporation
Not yet available*
Birmingham, Alabama
and SouthTrust of Mississippi, Inc.
Pascagoula, Mississippi
Along with SouthTrust of Mississippi,
Inc., Pascagoula, Mississippi, to acquire
CNB Capital Corp., Pascagoula, Mississippi,
and thereby indirectly acquire its bank
subsidiary, Citizens National Bank, Pascagoula,
Mississippi, pursuant to Section 3 ( a ) (3) of
the Bank Holding Company A c t .
SouthTrust Corporation
Not yet available*
Birmingham, Alabama
and SouthTrust of Mississippi, Inc.
Pascagoula, Mississippi
To merge SouthTrust of Mississippi, Inc.,
Pascagoula, Mississippi, with CNB Capital
Corp., Pascagoula, Mississippi, and thereby
directly acquire Citizens National Bank,
Pascagoula, Mississippi, pursuant to Section
3 ( a ) (5) of the Bank Holding Company Act.
♦Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 17. 1993
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
McConnell & Co. and Eberhardt, Inc.
Not yet available*
Elberton, Georgia
1-BHC formation, Pinnacle Financial
Corporation, Elberton, Georgia, and thereby
indirectly acquire Tri-County Bank of Royston,
Royston, Georgia, and First National Bank in
Elberton,Elberton, Georgia.
Wrightsville Bancshares, Inc.
Wrightsville, Georgia
To acquire The Knight State Bank, Dexter,
Georgia, pursuant to Section 3 ( a ) (3) of the
Bank Holding Company A c t .
Section 3 - Applications Subject
Not yet available*
to Federal Register Only
Application
Comment Period Ending Date
Barnett Banks, Inc.
Not yet available
Jacksonville, Florida
and Barnett Subsidiary
Jacksonville, Florida
For its wholly-owned subsidiary, Barnett
Subsidiary, Jacksonville, Florida, to enter
into a joint venture with Mac Partners,
Atlanta, Georgia, to acquire Main American
Capital, L.C., Atlanta, Georgia, and thereby
engage in lending activities, pursuant to
Section 4 ( c ) (8) of the Bank Holding Company Act
and 225.25(b)(1) of Regulation Y.
Deposit Guaranty Corp.
Jackson, Mississippi
To engage de novo, through its wholly-owned
subsidiary, Commercial National Corporation,
Shreveport, Louisiana, in data processing
activities, pursuant to Section 225.25(b)(7)
of Regulation Y.
Not yet available
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Carney Bank
Boynton Beach, Florida
Request for increase in bank premises.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 17, 1993
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
Tym
Application
Comment Period
Ending Date
Membership
Bank One, Peoria
Peoria, Illinois
To become a member of the Federal
Reserve System*
N
-
Branch
Harris Trust and Savings Bank
Chicago, Illinois
411 South Kedzie Avenue
Chicago, Illinois*
N
- 10-3-93
Branch-
Old Rent Bank and Trust Company
Grand Rapids, Michigan
725 Baldwin
Jenison, Mi chi gan *
N
- 9-29-93
Branch
Old Kent Bank and Trust Company
Grand Rapids, Michigan
2145 Wealthy S.E.
East Grand Rapids, Michigan*
N
- 10-8-93
Branch
Chemical Bank and Trust Company
Midland, Mi chigan
8 branches of Key State Bank
Owosso, Mi chigan
1 Branch of Chemical Bank Montcalm
Stanton, Michigan*
N
- **
Branch
Chemical Bank Bay Area
Bay City, Michigan
8 branches of Key State Bank
Owosso, Michigan
1 Branch of Chemical Bank Montcalm
Stanton, Michigan*
N
- **
Branch
Chemical Bank Michigan
Clare, Michigan
8 branches of Key State Bank
Owosso, Mi chigan
1 Branch of Chemical Bank Montcalm
S tan ton, Mi chi gari*
N
- **
Oakar
Princeton National Bancorp, Inc.
Princeton, Illinois
Heart of Illinois Bank, F.S.B.
Spring Valley, Illinois*
N
**
**
Federal Reserve Bank of Chicago
Section II
Type
Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Application
Ending Date
Y-2
Bank of Montreal
Montreal, Canada
City Bankshares, Inc.
Oklahoma City, Oklahoma
City Bank & Trust Company
Oklahoma City, Oklahoma*
FR - 8-19-93
NP - **
Y-2
Bankmont Financial Corp.
New York, New York
City Bankshares, Inc.
Oklahoma City, Oklahoma
City Bank & Trust Company
Oklahoma City, Oklahoma*
FR
N
8-19-93
Y-2
Harris Bankcorp, Inc.
Chicago, Illinois
City Bankshares, Inc.
Oklahoma City, Oklahoma
City Bank & Trust Company
Oklahoma City, Oklahoma*
FR
N
8-19-93
8-25-93
Y-2
Minooka Bancorp, Inc.
Minooka, Illinois
Founders Bancorp, Inc.
Scottsdale, Arizona
Founders Bank of Arizona
Scottsdale, Arizona*
FR
N
9-7-93
10-16-93
Y-2
Peotone Bancorp, Inc.
Peotone, Illinois
Founders Bancorp, Inc.
Scottsdale, Arizona
Founders Bank of Arizona
Scottsdale, Arizona*
FR 9-7-93
N - 10-16-93
Y-2
Rock River Bancorporation, Inc.
Oregon, Illinois
Founders Bancorp, Inc.
Scottsdale, Arizona
Founders Bank of Arizona
Scottsdale, Arizona*
FR 9-7-93
N - 10-16-93
* *
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
Southwest Bancorp, Inc.
North, Illinois
Founders Bancorp, Inc.
Scottsdale, Arizona
Founders Bank of Arizona
Scottsdale, Arizona*
FR 9-7-93
N - 10-16-93
Y-2
Terrapin Bancorp, Inc.
Elizabeth, Illinois
Founders Bancorp, Inc.
Scottsdale, Arizona
Founders Bank of Arizona
Scottsdale, Arizona*
FR 9-7-93
N - 10-16-93
Y-2
Westbanco, Inc.
Westville, Illinois
Founders Bancorp, Inc.
Scottsdale, Arizona
Founders Bank of Arizona
Scottsdale, Arizona*
FR 9-7-93
N - 10-16-93
Y-l
Community Business Bancshares, Inc.
Sauk City, Wisconsin
Community Business Bank
Sauk City, Wisconsin (in organization) *
FR - 9-17-93
N - 10-2-93
Y-l
Capital Bancshares, Inc.
Green Bay, Wisconsin
Capital Bank
Green Bay, Wisconsin (in organization)*
FR - 9-24-93
N - 8-28-93
Y-l
Gordon Management Co.
Chicago, Illinois
CNBC Bancorp, Inc.
Chicago, Illinois
Columbia National Bank of Chicago
Chicago, Illinois*
FR - 9-24-93
N - 9-13-93
Y-2
Associated Banc-Corp
Green Bay, Wisconsin
Community State Bank of Algoma
Algoma, Wisconsin*
FR - 9-24-93
N - **
Federal Reserve Bank of Chicago
Tvve
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Application
Ending Date
Y-2
Associated Banc-Corp
Green Bay, Wisconsin
First Oak Brook Bancshares, Inc.
Oak Brook, Illinois
First Oak Brook Bank
Oak Brook, Illinois
Oak Brook Bank
Oak Brook, Illinois*
FR - 9-24-93
N _ **
Y-2
Associated Banc-Corp
Green Bay, Wisconsin
Bay Lake Bancorp, Inc.
Kewaunee, Wisconsin
Union State Bank
Kewaunee, Wisconsin*
FR
N
_
Associated Banc-Corp
Green Bay, Wisconsin
First Manitowoc Bancorp, Inc.
Manitowoc, Wisconsin
First National Bank of Manitowoc
Manitowoc, Wisconsin*
FR
N
_
First Southeast Banking Limited Partnership
Las Vegas, Nevada
First Southeast Banking Corp.
Lake Geneva, Wisconsin
First Bank Southeast Lake Geneva, N.A.
Lake Geneva, Wisconsin
First Bank Southeast, N.A.
Milwaukee, Wisconsin*
FR
N
CoC-HC
First of Huron Corp.
Bad Axe, Michigan
Allen D. Gunn
FR - 10-4-93
N - **
CoC-HC
Minowa Bancshares, Inc.
Decorah, Iowa
Michael J. Pint, Christopher G. Lyon
and Stephen J. Lyon
FR - 10-4-93
N - 9-29-93
Y-2
Y-l
9-24-93
**
9-24-93
* *
_
* *
-
10-1-93
Federal Reserve Bank of Chicago
Type
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Application
Ending Date
CoC-Bk
Liberty Bank
Milwaukee, Wisconsin
Allen L. Samson; R. Max Samson;
Dr. Barry L. Samson & Harry E. Samson
FR - 10-7-93
N - **
Y-l/BHC-OT
Heritage Bancshares, Group, Inc.
Minneapolis, Minnesota
Geiger Corporation
Minneapolis, Minnesota
Heritage Bank, National Association
Holstein, Iowa
Heritage Bancshares, Inc.
Minneapolis, Minnesota
Heritage Bank, National Association
Willmar, Minnnesota*
FR - 10-1-93
N - 6-28-93
Y-l
Prophets town Banking Co.
Prophets town, Illinois
Farmers National Bank of Prophets town
Prophets town, Illinois*
FR - **
N - **
CoC-HC
Community Investment Bancorporation, Inc.
Lebanon, Wisconsin
Donald E. Kuehl
FR - 10-14-93
N - **
Y-2
Greater Columbia Bancshares, Inc.
Portage, Wisconsin
1st Columbia Corp.
Portage, Wisconsin
First National Bank of Columbus
Columbus, Wisconsin*
FR - 10-22-93
N - **
I n v e s t m e n t
Company
Waverly, Iowa
Dike Bancshares Corporation
Dike, Iowa
Iowa Savings Bank
Dike, Iowa*
FR - 10-21-93
NN . * *
Y-2
C e d a r
Federal Reserve Bank of Chicago
Section II
Type
Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Application
Ending Date
-
Y-l
Hoosier Hills Financial Corporation
Employee Stock Ownership Plan
Osgood, Indiana
Hoosier Hills Financial Corporation
Osgood, Indiana
The Ripley County Bank
Osgood, Indiana*
FR - **
N - 10-7-93
Y-2
Trivoli Bancorp, Inc.
Trivoli, Illinois
Hanna City State Bank
Hanna City, Illinois*
FR - **
N - **
Y-l
Gordon Family Investment Limited
Partnership
Chicago, Illinois
CNBC Bancorp, Inc.
Chicago, Illinois
Columbia National Bank of Chicago
Chicago, Illinois*
FR - 8-16-93
NP - 8-12-93
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
Y-4
Gordon Family Investment Limited
Partnership
Chicago, Illinois
CNBC Development Corporation
Chicago, Illinois
FR - 9-24-93
Y-4
Gordon Family Investment Limited
Partnership
Chicago, Illinois
CNBC Investment Corp.
Chicago, Illinois
FR - 9-24-93
Y-4
Gordon Family Investment Limited
Partnership
Chicago, Illinois
CNBC Leasing Corp.
Chicago, Illinois
FR - 9-24-93
Y-4
Gordon Management Co.
Chicago, Illinois
CNBC Development Corporation
Chicago, Illinois
FR - 9-24-93
Y-4
Gordon Management Co.
Chicago, Illinois
CNBC Investment Corp.
Chicago, Illinois
FR - 9-24-93
Y-4
Gordon Management Co.
Chicago, Illinois
CNBC Leasing Corp.
Chicago, Illinois
FR - 9-24-93
Huxley Bancorp
Huxley, Iowa
Making and servicing loans thru the
participation in a 75-day overline with
an unaffiliated bank
FR
4 (C)
(8)
**
Federal Reserve Bank of Chicago
Section III
-
Applications Subject to Federal Register
Notice Only
(Continued)
Comment Period
Ending Date
Type
Application
Y-4
Northern Illinois Financial Corporation
Wauconda, Illinois
American Suburban Mortgage Corporation
Waukegan, Illinois
]?R
-
*★
Y-4
Princeton National Bancorp, Inc.
Princeton, Illinois
Heart of Illinois Investment Corp.
East Peoria, Illinois
FR
-
**
Y-4
First Sterling Bancorp
Sterling, Illinois
D. D. Development of Sterling
Limited Partnership
Sterling, Illinois
FR - **
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
RoS
Greatbanc, Inc.
Aurora, Illinois
Repurchase the majority of Class D 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 24, 1993.
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
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 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 NAME/LOCATION
EXAMINATION DATE
RATINGS
-Columbus Junction State Bank
134 Main Street, Box 271
Columbus Junction, Iowa 52738
(319) 728-2436
6/14/93
S
-Security Savings Bank
320 Garfield
Farnhamville, Iowa 50538
(515) 544-3281
6/21/93
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING SEPTEMBER 17, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
★Section 9 application by First Community
Bank, Conway, Arkansas, to establish a
branch on the premises of Conway Regional
Hospital, Conway, Arkansas.
9-30-93
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End of Comment Period
★Section 4(c)(8) application by First
Banks Inc., St. Louis, Missouri to acquire
American Home Savings and Loan Association,
St. Louis, Missouri.
Newspaper:
10-16-93
★Section 3(a)(3) application by First
Community Bancorp, Inc., Auburn, Kentucky, to
acquire Auburn Banking Company, Auburn,
Kentucky.
Newspaper:
10-18-93
Change in Control notification involving
Caddo Holding Company, Inc., Glenwood, Arkansas,
by Charles F. Tidwell.
Newspaper:
10-6-93
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
None
End of Comment Period
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
ADolication
End of Comment Period
Section 24A application by Bank
of Cairo & Moberly, Moberly, Missouri,
for an investment in bank premises.
N/A
Section 24A application by Bank of
Dongola, Dongola, Illinois, for an
investment in bank premises.
N/A
Section 9 membership application by Bank
of De Soto, De Soto, Illinois.
N/A
★This application is subject to CRA.
F E D E R A L R E S E R V E B A N K O F ST . L O U IS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting com m unity credit needs
A n 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 lo w - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting com m unity credit needs
A n institution in this group has a satisfactory record of ascertaining and helping to meet the credit
needs o f its entire delineated community, including lo w - and moderate- income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record o f meeting com m unity credit needs
A n 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 lo w - and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting com m unity credit needs
A n institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including lo w - and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
September 17, 1993
Bank Address
Examination
Date
None
X
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Onlv
Comment Period
Endincr Date
Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Endincr Date
L & M Bancshares, Inc.
Mpls, MN
To acquire 100% of the voting
shares of The Plummer State Bank,
Plummer, MN*
Not yet available
Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting shares of
the First National Bank of Arapahoe County,
Aurora, CO*
Not yet available
Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting shares of
the First National Bank of Southeast Denver,
Denver, CO*
Not yet available
Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting shares of
the First National Bank of Lakewood,
Lakewood, CO*
Not yet available
Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting shares of
the Lindeberg Financial Corporation,
Forest Lake, MN*
Not yet available
Paul Jennings, David Jennings,
Lynn Jennings Adcock, and Steven Jennings
To acquire 100% of the voting shares of
Spring Grove Investments, Inc.,
Spring Grove, MN
Not yet available
♦Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (continued)
Comment Period
Ending Date
Application
GST Co.
Minneapolis, MN
To become a bank holding company
through the acquisition of 100%
of the voting shares of First United
Bank Group, Inc., Albuquerque, NM*
Norwest Corporation
Minneapolis, MN
To acquire 100% of the voting shares
of the First United Bank Group, Inc.,
Albuquerque, NM*
Not yet available
N o t
y e t
a v a i l a b l e
Red River Financial Services, Inc.
Halstad, MN
To acquire 100% of the voting shares
of Red River State Bank, Halstad, MN*
Not yet available
Signal Bancshares, Inc.
West St. Paul, MN
To acquire 100% of the voting shares
of Goodhue County Financial Corpora
tion, Red Wing, MN*
Not yet available
Section III - Applications Subject
to Federal Register Notice Only
Application
Norwest Corporation
Minneapolis, MN
To engage in the residential mortgage
lending business through the acquisi
tion of one half interest in Prosperity
Mortgage Company, Fairfax, VA, a joint
venture.
*Subject to CRA
Comment Period
Ending Date
9-24-93
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Recrister Notice Onlv (continued)
Application
Comment Period
Endincr Date
Lena Spitzer Limited Partnership and
Streeter Insurance Agency, Inc.
Streeter, ND
To engage in general insurance agency
activities in a place with a population
not exceeding 5,000 through the acquisition
of Helmuth Spitzer Insurance, Streeter, ND.
10-1-93
First Bank System, Inc.
Minneapolis, MN
To engage de novo in providing data
processing service.
10-5-93
Norwest Corporation
Minneapolis, MN
To engage in the activity of making and
servicing loans through the acquisition
of the mortgage origination business of
Forest Lake State Bank, Forest Lake, MN.
Not yet available
Norwest Corporation
Minneapolis, MN
To engage in underwriting credit life
and credit accident and health insurance
written in connection with extensions of
credit interest subsidiary banks through
the acquisition of United New Mexico Credit
Life Insurance Company, Phoenix, A Z .
Not yet available
Norwest Corporation
Minneapolis, MN
To engage in securities brokerage of
three indirect subsidiary banks of
First United Bank Group, Inc.,
Albuquerque, N M .
Not yet available
Norwest Corporation
Minneapolis, MN
To engage in trust activities through
the acquisition of United New Mexico Trust
Company, Albuquerque, NM.
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only (continued)
Comment Period
Ending Date
Application
Security Richland Bancorporation
Miles City, MT
To engage de novo in providing
management consulting to nonaffiliated depository institu
tions .
Not yet available
Signal Bancshares, Inc.
West St. Paul, MN
To engage in making and servicing
loans and selling credit life and
credit disability insurance
through the acquisition of Consumer
Credit Corporation, Red Wing, MN,
a subsidiary of Goodhue County
Financial Corporation, Red Wing, MN
Not yet available
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 September 17, 1993
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.
B A N K (S ) EXAMINED
Wadena State Bank
304 Southeast First
Box 191
Wadena, MN 56482
DATE OF EXAMINATION
June 1, 1993
CRA RATING
Outstanding
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
Wahoo State Bank, Wahoo, Nebraska,
for prior approval to build a driveup facility and to invest in bank
premises in an amount in excess of
its capital stock..
Not Available
First United Bank, Parker, Colorado,
for prior approval to relocate their
City Center Office to a Cottonwood
Plaza Office and to invest in bank
premises in an amount in excess of
its capital stock.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
Packers Bank and Trust Co., Omaha,
Nebraska, for prior approval to
acquire 100 percent of the voting
shares of Nebraska National
Corporation, Omaha, Nebraska.*
Not Available
Neosho Bancshares Employee Stock
Ownership Plan, Neosho, Missouri, for
prior approval to become a bank
holding company through the
acquisition of up to 32 percent of
the voting shares of Neosho
Bancshares, Inc., Neosho, Missouri.*
Not Available
Leader First Bancorp, Inc., Marlow,
Oklahoma, for prior approval to
become a bank holding company through
the acquisition of 100 percent of the
voting shares of The First National
Bank in Marlow, Marlow, Oklahoma.*
Not Available
The First National Bank Holding
Company, Longmont, Colorado, for
prior approval to become a bank
holding company through the
acquisition of 100 percent of the
voting shares of The First National
Bank of Longmont, Longmont,
Colorado.*
Not Available
Federal Reserve Bank of Kansas City
McKinstry, Inc., and First National
Bank of Julesburg ESOP, Julesburg,
Colorado, for prior approval to
become a bank holding company through
the acquisition of 33,24 percent of
the voting shares of McKinstry, Inc.,
Julesburg, Colorado.*
Not Available
Thomas M. Higgins, III and Paget
Higgins, both of Kansas City, Kansas,
for prior approval to increase their
proportionate ownership interests in
Twin City Corporation, Kansas City,
Kansas from 21.98 to 34.7 percent.
Not Available
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
McKinstry, I n c ., and First National
Bank of Julesburg ESOP, Julesburg,
Colorado, for prior approval to
acquire 75 percent of the voting
shares of McKinstry-Campbell
Insurance Agency, Inc., Julesburg,
Colorado, and to engage in certain
nonbanking activities.
COMMENT PERIOD ENDING DATE
Not Available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
‘a p p l i c a t i o n
McKinstry, Inc., and First National
Bank of Julesburg ESOP, Julesburg,
Colorado, for prior approval to
redeem 952 shares of their Class A
Common Stock.
Not Available
Morgan Capital Corporation, Fort
Morgan, Colorado, for prior approval
to redeem 20.79 percent of their
voting common stock.
Not Available
Prague Company, Omaha, Nebraska, for
prior approval to redeem 112 shares
of its issued and outstanding common
stock.
Not Available
Federal Reserve Bank of Kansas City
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 grou p s :
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.
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.
CRA
Rating
Bank/Locat ion
Exam Date
CRA Public
Date
Bank of Belen
P.0. Box 105
Belen, New Mexico
06-21-93
09-16-93
Satisfactory
Century Bank of Sterling
06-21-93
P.0. Box 1688
Sterling, Colorado 80751-1688
09-16-93
Satisfactory
87002
Federal Reserve Bank of Kansas City
First Bank of Turley
P.O. Box 6538
Tulsa, Oklahoma 74156-0538 *
06-14-93
*Application is subject to CRA.
09-16-93
Needs
to
Improve
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 13, 1993
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
William Herman May as Trustee for The Herman May et ux
Living Trust; Wayne Herman May as Trustee for The Wayne
May et ux Living Trust; and May Furniture & Appliance,
Inc., Farmersville, TX, to acquire an interest in
Farmersville Bancshares, Inc., Farmersville, TX
N/A
Change in Control Notice by
Robert Emery Skov, El Paso, TX, to acquire an interest
in First Fabens Bancorporation, Inc., Fabens, TX
N/A
Change in Control Notice by
William Donald Skov, Fabens, TX, to acquire an interest
in First Fabens Bancorporation, Inc., Fabens, TX
N/A
♦Section 3(a)(1) application by
Bridgeport Financial Corporation, Bridgeport, TX, to
acquire Bridgeport Bancshares, Inc., Dover, DE, and The
First National Bank of Bridgeport, Bridgeport, TX
93/10/12
♦Section 3(a)(1) application by
Bridgeport Bancshares, Inc., Dover, DE, to acquire The
First National Bank of Bridgeport, Bridgeport, TX
93/10/12
♦Section 3(a)(3) application by
Sterling Bancshares, Inc., Houston, TX, to acquire
Enterprise Bank-Houston, Houston, TX
93/10/01
♦Section 3(a)(3) application by
Sterling Bancorporation, Inc., Wilmington, DE, to
acquire Enterprise Bank-Houston, Houston, TX
93/10/01
♦Section 3(a)(5) application by
Sterling Bancshares, Inc., Houston, TX, to acquire
Guardian Bancshares, Inc., Houston, TX
93/10/01
♦Section 3(a)(5) application by
Sterling Bancorporation, Inc., Wilmington, DE, to
acquire Guardian Bancshares, Inc., Houston, TX
93/10/01
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 13, 1993
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
Date of
Examination
CRA Rating
The Bank of Livingston
1700 W. Church
P. 0. Box 1048
Livingston, TX 77351
93/06/14
Satisfactory
First Bank Pearland
3102 East Broadway
P. 0. Box 1950
Pearland, Texas 775588
93/05/10
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/17/93
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
First Interstate Bank of California, Los
Angeles, California, to merge with First
State Bank of the Oaks, Thousand Oaks,
California. *
Newspaper:
Not available
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Southern Utah BanCorporation, Cedar City,
Utah, to become a bank holding company by
acquiring State Bank of Southern Utah, Cedar
City, Utah. *
Newspaper:
Not available
Fed. Reg.:
Not available
Limestone Holding Corporation, Preston,
Washington, to become a bank holdling company
by acquiring State Bank of Concrete, Concrete,
Washington. *
Newspaper:
10/01/93
Fed. Reg.:
Not available
Section III - Applications Subject to Federal Register Notice Only (cont'd.)
Application
Comment Period Ending Date
None
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
*Subject to CRA
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week ending 9/17/93
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending September 17, 1993. Information about a particular
institution's CRA evaluation may be obtained directly from the institution.
Institution
Bank of Ephraim
Location
P.0. Box 705
Ephraim, UT 84627
(801) 283-4621
Examination Date
6/07/93
Rating*
Satisfactory
* 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 noncomoliance 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.
@FedFRASER