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ANNOUNCEMENT
H. 2, 1996, No. 38
A<ctions of the Board, its Staff, and
the Federal Reserve Banks;
9 fi#Rg>lications and Reports Received
^ihg 4?he Week Ending September 21, 1996
RESEARCH LIBRARY^ .
BOARD OF GOVERNORS
OF THE
(Vr
FEDERAL RESERVE SYSTEM 1
ACTIONS TAKEN BY THE BOARD 1oF?G6VtfeNBfes
TESTIMONY AND STATEMENTS
Sumitomo Corporation, Tokyo, Japan -- recent trading
losses and their implications for U.S. banks and
markets, statement by Governor Phillips before the
House Committee on Banking and Financial Services,
September 18, 1996.
Published, September 18, 1996.
BANK HOLDING COMPANIES
Valley View Bancshares, Inc., Overland Park, Kansas - to acquire Industrial Bancshares, Inc., Kansas
City, Kansas, and Industrial State Bank;
International Bancshares, Inc., Gladstone,
Missouri, and First Bank of Missouri; Mission
Bancshares, Inc., Mission, Kansas, and The Mission
Bank; and One Security, Inc., Kansas City, Kansas,
and Security Bank.
Approved, September 16, 1996.
CHANGE IN BANK CONTROL
American Pacific Bank, Aumsville, Oregon -- change in
bank control
Permitted, September 16, 1996.
ENFORCEMENT
Rushville National Bank, Rushville, Indiana -- final
decision and order of prohibition against Donald E
Hedrick and John K. Snyder, former institutionaffiliated parties.
Announced, September 19, 1996.
FORMS
Application for a Foreign Banking Organization to
Become a Bank Holding Company (FR Y-1f) -extension without revision.
Approved, September 20, 1996.
Consumer Satisfaction Questionnaire (FR 1379)
extension without revision.
Approved, September 20, 1996.
H. 2
SEPTEMBER 16, 1996
PAGE 2
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
FORMS
OTC Margin Stock Report CFR 2048) -- extension
without revision.
Approved, September 20, 1996.
Quarterly Report of Condition for a New York State
Investment Company and Its Domestic Subsidiaries
(FR 2886a) - - t o discontinue.
Approved, September 20, 1996.
Report of Broker Carrying Margin Accounts (FR 2240) - extension without revision.
Approved, September 20, 1996.
Survey of Debits to Selected Deposit Accounts
(FR 2572) - - t o discontinue.
Approved, September 20, 1996.
INTERNATIONAL OPERATIONS
First National Bank of Boston, Boston, Massachusetts
- - t o establish a branch in Shanghai, People's
Republic of China.
Permitted, September 20, 1996.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
Richmond
Central Virginia Bank, Powhatan, Virginia - - t o
establish a branch in Cumberland County on the
north side of U.S. Route 60 at the easternmost end
of the Village of Cumberland, Virginia.
Approved, September 19, 1996.
Chicago
Firstar Bank Wisconsin, Madison, Wisconsin - - t o
establish an offsite electronic facility at 841
Main Street, De Pere, Wisconsin.
Approved, September 19, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 3
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Chicago
Garrett State Bank, Garrett, Indiana - - t o establish
a branch at 1341 South Randolph Street.
Approved, September 16, 1996.
Chicago
Harris Trust and Savings Bank, Chicago, Illinois -to establish an electronic funds transfer machine
at 222 Riverside Plaza.
Approved, September 20, 1996.
Chicago
Old Kent Bank, Grand Rapids, Michigan - - t o establish
a branch at 7C8 Perry Street, Big Rapids, Michigan.
Approved, September 16, 1996.
Philadelphia
Sterling Bank, Mount Laurel, New Jersey - - t o
establish a branch at Route 70 & Wexford Drive,
Cherry Hill, New Jersey.
Approved, September 20, 1996.
Philadelphia
Twin Rivers Community Bank, Easton, Pennsylvania -to establish a branch at 2850 Easton Avenue,
Bethlehem, Pennsylvania.
Approved, September 18, 1996.
Secretary
U.S. Bank of Idaho, Boise, Idaho - - t o establish
branches at 715 12th Avenue South, Nampa; 250 South
Eagle Road, Eagle; and 3301 West Cherry Lane,
Meridian, Idaho.
Approved, September 18, 1996.
BANK HOLDING COMPANIES
Chicago
Alton Bancorporation, Alton, Iowa - - t o acquire
shares of Hawarden Banking Company, Omaha,
Nebraska, and First State Bank.
Approved, September 17, 1996.
St. Louis
Ameribanc, Inc., St. Louis, Missouri -- to acquire
First Financial Corporation of America, Salem,
Missouri.
Approved, September 17, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 4
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Secretary
BankAmerica Corporation, San Francisco, California -to enter into a joint venture with DFO Holding
Company, Inc., and engage in leasing activities
through Security Pacific Leasing Corporation.
Permitted, September 16, 1996.
San Francisco
Centennial Holdings, Ltd., Olympia, Washington -- to
engage de novo in arranging commercial real estate
equity financing through Totten, Inc.
Permitted, September 17, 1996.
Chicago
First State Associates, Inc., Hawarden, Iowa -- to
acquire shares of Hawarden Banking Company, Omaha,
Nebraska, and First State Bank.
Approved, September 17, 1996.
Chicago
Hawarden Banking Company, Hawarden, Iowa -notification of intent to redeem shares.
Permitted, September 17, 1996.
San Francisco
Humboldt Bancorp, Eureka, California -- to acquire
Humboldt Bank Nevada, Las Vegas, Nevada.
Returned, September 20, 1996.
Chicago
Ida Grove Bancshares, Inc., Ida Grove, Iowa, and
American Bancshares, Inc., Holstein, Iowa -- to
acquire Farmers State Bank, Charter Oak, Iowa.
Approved, September 18, 1996.
Chicago
Lakes Region Bancorp, Inc., Bannockburn, Illinois -to acquire Anchor Bank, Third Lake, Illinois.
Approved, September 19, 1996.
St. Louis
Mercantile Bancorporation Inc., St. Louis, Missouri - to acquire Today's Bancorp, Inc., Freeport,
Illinois, and Today's Bank-East; and Today's BankWest, Galena, Illinois.
Approved, September 17, 1996.
St. Louis
Mercantile Bancorporation Inc., Inc., St Louis,
Missouri - - t o acquire Today's Insurance Source
Agency, Inc., East Dubuque, Illinois, and engage in
insurance agency activities.
Approved, September 17, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 5
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
S t . Louis
Mercantile Bancorporation Inc., St. Louis, Missouri - to acquire First Financial Corporation of
America, Salem, Missouri, and First National Bank
of Salem.
Approved, September 17, 1996.
St. Louis
Mercantile Bancorporation Incorporated of Illinois,
St. Louis, Missouri - - t o acquire Today’s Bancorp,
Inc., Freeport, Illinois.
Approved, September 17, 1996.
St. Louis
Norma McLane-Smith Family Limited Partnership, Poplar
Bluff, Missouri - - t o acquire Poplar Bluff Banc
Company, and shares of Midwest Bancshares, Inc.
Approved, September 17, 1996.
Chicago
Oak Park River Forest Bankshares, Inc., Oak Park,
Illinois - - t o acquire Community Bank of Oak Park
River Forest.
Approved, September 20, 1996.
Chicago
Old O'Brien Bancshares, Inc., Sutherland, Iowa - - t o
acquire shares of Hawarden Banking Company, Omaha,
Nebraska, and First State Bank.
Approved, September 17, 1996.
Richmond
Patapsco Valley Bancshares, Inc., Ellicott City,
Maryland - - t o acquire Commercial and Farmers Bank.
Approved, September 16, 1996.
Dallas
Rotan Bancshares, Inc., Rotan, Texas -- to acquire
Rotan Delaware Bancshares, Inc., Dover, Delaware,
and First National Bank, Rotan, Texas.
Returned, September 16, 1996.
Dallas
Rotan Delaware Bancshares, Inc., Dover, Delaware -to acquire First National Bank, Rotan, Texas.
Returned, September 16, 1996.
Chicago
Schofield Bancorporation, Inc., La Crosse,
Wisconsin -- to acquire Intercity State Bank,
Schofield, Wisconsin.
Returned, September 17, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 6
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Director, BS&R
Southwest National Corporation, Greensburg,
Pennsylvania -- registration as transfer agent.
Withdrawn, September 20, 1996.
Dallas
Texas Financial Bancorporation, Inc., Minneapolis,
Minnesota - - t o acquire Farmers and Mechanics Bank,
Galesburg, Illinois.
Approved, September 19, 1996.
Cleveland
Wesbanco, Inc., Wheeling, West Virginia -- to acquire
Vandalia National Corporation, Morgantown, West
Virginia.
Approved, September 20, 1996.
CAPITAL STOCK
Chicago
Hawarden Banking Company, Hawarden, Iowa -redemption of shares.
Approved, September 17, 1996.
CHANGE IN BANK CONTROL
St. Louis
Midwest Bancshares, Inc., Poplar Bluff, Missouri -change in bank control.
Permitted, September 16, 1996.
Minneapolis
Starbuck Bancshares, Inc, Starbuck, Minnesota -change in bank control.
Permitted, September 16, 1996.
COMPETITIVE FACTORS REPORTS
San Francisco
First Citizens Bank, Sherman Oaks, California,
proposed merger with Cal Fed Special Subsidiary,
Los Angeles, California -- report on competitive
factors.
Submitted, September 19, 1996.
Minneapolis
First Farmers & Merchants National Bank, Le Sueur,
Minnesota, proposed merger with Valley
Bancorporation, Inc., Minneapolis, Minnesota -report on competitive factors.
Submitted, September 20, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 7
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
St. Louis
First National Bank and Trust Company, Carbondale,
Illinois -- proposed purchase of certain assets and
assumption of certain liabilities of the M t .
Vernon, Illinois, branch of First of America BankIllinois, N.A., Bannockburn, Illinois -- report on
competitive factors.
Submitted, September 20, 1996.
Dallas
International Bank of Commerce, Laredo, Texas
proposed acquisition of the assets and assumption
of the liabilities of branches of Home Savings of
America, FSB, Irwindale, California, at 5900
Broadway, 2201 N.W. Military Highway, and 5401
Walzem Road, all in San Antonio, Texas, -- report
on competitive factors.
Submitted, September 16, 1996.
Minneapolis
Northern National Bank, Nisswa, Minnesota, proposed
merger with Northern National Bank, Baxter;
Northern National Bank, Bemidji; and Northern
National Bank, Pelican Rapids, Minnesota -- report
on competitive factors.
Submitted, September 18, 1996.
St. Louis
Union Planters Bank of Sikeston, Sikeston, Missouri,
proposed merger with Union Planters Bank of
Southeast Missouri, Cape Girardeau, Missouri -report on competitive factors.
Submitted, September 19, 1996.
Chicago
United Acquisition Bank, Holstein, Iowa, proposed
merger with Farmers State Bank, Charter Oak, Iowa - report on competitive factors.
Submitted, September 18, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 8
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
United Bank of Iowa, Ida Grove,
acquisition of the assets and
liabilities of Western Bank &
Iowa -- report on competitive
Submitted, September 18, 1996.
New York
Westport Bank and Trust Company, Westport,
Connecticut, proposed merger with Lafayette
American Bank and Trust Company, Bridgeport,
Connecticut -- report on competitive factors.
Submitted, September 17, 1996.
Iowa, proposed
assumption of the
Trust, Moville,
factors.
EXTENSIONS OF TIME
Kansas City
Fort Calhoun Investment Company, Fort Calhoun,
Nebraska -- extension to January 11, 1997, to
expand its general insurance activities.
Granted, September 18, 1996.
Atlanta
Palm Beach National Banking Company, North Palm
Beach, Florida -- extension to December 19, 1996,
to acquire Palm Beach National Bank & Trust
Company.
Granted, September 16, 1996.
New York
Summit Bancorp, Princeton, New Jersey -- extension to
September 16, 1997, to terminate the activities of
Palservco, Inc., acquired in connection with
acquisition of Palisade Savings Bank, Ridgefield,
New Jersey.
Granted, September 16, 1996.
INTERNATIONAL OPERATIONS
Director, BS&R
First National Bank of Boston, Boston,
Massachusetts -- waiver of the remainder of the 45day prior notification period to establish a branch
in Shanghai, People's Republic of China
Granted, September 20, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 9
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
MEMBERSHIP
Richmond
Crestar Bank DC, Vienna, Virginia -- to become a
member of the Federal Reserve System.
Approved, September 18, 1996.
St. Louis
Winfield Banking Company, Winfield, Missouri -- to
become a member of the Federal Reserve System.
Approved, September 17, 1996.
RESERVE BANK OPERATIONS
GC
Uniform cash item operating circular -- amendment to
clarify that the Reserve Banks will not handle
items of $100,000,000 or more.
Approved, September 19, 1996.
RESERVE BANK SERVICES
Director, FRBO
Fees - - t o eliminate the Automated Clearing House
interregional fee, reduce the presort deposit fee,
and eliminate the interregional and presort deposit
deadlines for customers of Federal Reserve Banks.
Approved, September 20, 1996.
H.2
SEPTEMBER 16, 1996
PAGE 10
ADDITIONS AND CORRECTIONS
TO
SEPTEMBER 20, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Independence Bancshares, Inc., Independence, Iowa to acquire Southeast Security Bank, Mediapolis,
Iowa.
Returned, September 13, 1996.
CHANGE IN BANK CONTROL
Chicago
Lakeview Financial Corporation, Lakeview, Michigan
change in bank control.
Returned, September 13, 1996.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Application
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date
Application
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
The Governor and Company of
Federal Register
the Bank of Ireland, Dublin,
Ireland - 4 ( c ) (8) notification
to engage in investment
advisory activities through a
joint venture with Berger
Associates, Inc., Denver,
Colorado
10-07-99
The Royal Bank of Scotland
Group pic, Edinburgh,
Scotland, The Royal Bank
of Scotland pic, Edinburgh,
Scotland, The Governor and
Company of the Bank of
Ireland, Dublin, Ireland
and Citizens Financial
Group, Inc., Providence,
Rhode Island - 4( c ) (8)
notification to retain
a 5.23% interest in NYCE
Corporation, Woodcliff Lake,
New Jersey and thereby
engage in data processing
activities
Federal Register
10-09-96
Bank of Boston Corporation,
Federal Register
Boston, MA - Section 20
notice to engage in
underwriting and dealing
in debt and equity securities
through BancBoston Securities,
Inc.
♦Subject to CRA.
Not Yet Established
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
Rating*
**
NONE
*Subject to CRA.
**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.
"N"
Needs to
FEDERAL RESERVE BANK OF NEW YORK
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
_____ Notice Only______
Solvay Bank, Solvay, N ew York, to establish a branch at 110
Freeman Avenue, Solvay, New York. 1/
10/11/96
Manufacturer and Traders Trust Company, Buffalo, N ew York,
to purchase certain assets and assume certain liabilities o f
two branches o f Green Point Bank, Flushing, N ew York, located
at 246J South Highland Avenue, Ossining, N ew York, and
134 Mamaroneck, New York. 1/
10/14/96
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Application by Iroquois Bancorp, Inc., Auburn, N ew York
("Applicant"), to become a bank holding company with respect
to Cayuga Savings Bank, Auburn, New York ("CSB") and
Cayuga Bank, Auburn, New York (“Cayuga”), a proposed de
novo New York State-chartered commercial bank. Applicant
contemplates that CSB will be merged into Cayuga. Applicant
has also filed the following notices: (1) to acquire 100 percent
o f the voting shares o f The Homestead Savings (FA), Utica,
N ew York ("Homestead"), a federally chartered savings bank,
and thereby engage in operating a savings association; (2) to engage,
through Cayuga Financial Services, Inc. ("CFS"), a subsidiary o f CSB,
and through H.S. Services Corporation, a subsidiary o f Homestead, in
insurance activities; (3) to engage, through CFS, in securities brokerage
activities; and (4) to engage, through CFS, in investment and financial
advisory service activities. \ !
10/14/96 3/
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only I
Bank Austria, AG, Vienna, Austria, to engage through a subsidiary,
Bank Austria Mortgage Corp., N ew York, N ew York, in mortgage
lending activities.
SECTION IV
Applications Not Involving
Public Comment
None.
NA
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment o f each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record o f meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record o f meeting community credit needs.
An institution in this group has a satisfactory record o f ascertaining
and helping to meet the credit needs o f its entire delineated
community, including low- and moderate- income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record o f meeting community credit needs.
An institution in this group needs to improve its overall record
o f ascertaining and helping to meet the credit needs o f its entire
delineated community, including low- and moderate income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient
record o f ascertaining and helping to meet the credit needs o f its entire
delineated community, including low- and moderate- income
neighborhoods, in a manner consistent with its resources and capabilities.
Week Ending September 21.1996
NAME OF BANK
RATING
The Bank o f N ew York
Satisfactory
(New Jersey)
385 Rifle Camp Road
West Paterson, N ew Jersey 07424
1/ Subject to provisions o f Community Reinvestment Act.
2/ Later o f dates specified in newspaper and Federal Register notices.
3/ Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4/ Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
EXAMINATION PATE
January 16, 1996
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER
NOTICE ONLY
Berks County Bank. Reading, PA to establish a branch office at K-Mart Shopping Plaza, Parkside
Avenue, Township o f Cumru, Berks, PA.
Newspaper comment period expires:
10/07/96
Berks County Bank. Reading, PA to establish a branch office at 4453 Fifth Street Highway,
Township o f Muhlenberg, Berks, PA.
Newspaper comment period expires:
SECTION
10/14/96
n - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER
AND FEDERAL REGISTER NOTICE
Prime Newco. Inc.. Philadelphia, PA, pursuant to Sections 3 and 4 o f the Bank Holding Company
Act, to become a bank holding company through its acquisition o f First Sterling Bancorp, Inc.,
Devon, PA and engage in nonbanking activities through Prime Bank, 6435 Rising Sun Avenue,
Philadelphia, PA and Prime Abstract, Inc. 6833 Castor Avenue, Philadelphia, PA.
Newspaper comment period expires:
Federal Register comment period expires:
W Avail
10/18/96
SECTION m - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL
REGISTER NOTICE ONLY
Fulton Financial Corporation. Lancaster, PA to engage in community development activities pursuant
to Section 225.25(b)(6) o f Regulation Y.
Federal Register comment period expires:
09/19/96
CoreStates Financial Corp. Philadelphia, PA to engage de novo in underwriting and dealing in
government securities through CoreStates Securities Corp, Philadelphia, PA, pursuant to Section
4(c)(8) o f the Bank Holding Company Act and Section 225.25(b)(16) o f Regulation Y.
Federal Register comment period expires:
09/19/96
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER
NONE
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 20, 1996.
Identification of Ratings
In connection with the assessment o f each insured depository institution's CRA performance, a rating
is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit
needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank/Location
Examination Date
CRA Rating
NONE
NONE
NONE
APPLICATIONS BULLETIN
(For the week ending September 21, 1996)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received application from Fifth Third Bank o f Northeastern
Ohio, Cleveland, Ohio, on September 18, 1996, to merge
with Fifth Third Savings Bank o f Northern Ohio, FSB,
Kent, Ohio, pursuant to Sections 18(c) and 5(d)(3) o f the
Federal Deposit Insurance Act and, incident thereto, establish
a branch facility.
* October 18, 1996
Received application from Fifth Third Bank o f Northern
Kentucky, Florence, Kentucky, on September 18, 1996,
to merge with Fifth Third Savings Bank o f Northern Kentucky,
FSB, Hebron, Kentucky, pursuant to Sections 18(c) and 5(d)(3)
of the Federal Deposit Insurance Act and, incident thereto, establish
a branch facility.
* October 18, 1996
Received notice from Mid Am, Inc., Bowling Green, Ohio,
on September 19, 1996, of its intent to acquire substantially
all o f the assets o f Nemo Industries, Inc., d.b.a. Professional
Adjustment o f Ft. Meyers, Ft. Meyers, Florida
September 28, 1996
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE
Received Section 3(a)(1) application from DCB Financial Corp.,
Delaware, Ohio, on September 13, 1996, to acquire The
Delaware County Bank & Trust Company, Delaware, Ohio.
*F: October 15, 1996
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Received notice from The Huntington National Bank, Columbus, Ohio, on September 19, 1996,
o f its intent to establish an agreement corporation, Huntington Trade Services, Inc., Columbus,
Ohio.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(September 20, 1996)
The following state member banks have been examined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended September 20,
1996. If you are interested in obtaining a copy o f an evaluation document, please contact the
bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and
helping to meet the credit needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NO N COM PLIANCE: a bank in this group has a substantially
deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Security Bank Corporation, Manassas,
Virginia, to establish a branch at 8701
Sudley Road, Manassas, Virginia.*
10-14-96
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
Centura Banks, Inc., Rocky Mount, North
Carolina, to acquire CLG, Inc., Raleigh,
North Carolina, and engage in leasing
activities.
9-25-96**
Cardinal Bankshares Corporation, Floyd,
Virginia, to engage de novo in lending
activities.
9-25-96**
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
A p p lic a tio n
None.
*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.
Federal Reserve Bank of Richmond
Section V - Availability of CRA Public Evaluations
Week ending September 20, 1996
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 con
sistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncomplianpe in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
Examination
Date
None.
Rating
Federal Reserve Bank of Atlanta
■Applications Bulletin for Week Ending September 20, 1996
S ectio n
1
- A p p lic a tio n s
S u b ject
t o Newspaper N o t i c e O n ly
A p p lic a tio n
Comment P e r i o d Ending D ate
AmSouth Bank o f Alabama
Birmingham, Alabama
To e s t a b l i s h a b r a n c h l o c a t e d a t
AmSouth Bank o f T e n n e s s e e
C h attan ooga, Tennessee
To e s t a b l i s h a b r a n c h l o c a t e d a t
0 9 -2 6-9 6*
1882 E a s t Main S t r e e t ,
P ra ttv ille ,
Alabama.
0 9 -2 6-9 6*
2814 West End A v enue,
N a sh v ille,
Tennessee.
S e c t i o n 2 - A p p l i c a t i o n s S u b j e c t t o Both
Newspaper and 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
Comment P e r i o d Ending D ate
F i r s t S t a t e B ancshares o f B l a k e l y ,
Inc.
10 -10 -9 6 *
B la k e ly , G e orgia
Newspaper
To a c q u i r e F i r s t S o u th w e s t Ban corp, I n c . , D o n a l s o n v i l l e , G e o r g i a , a t h r i f t h o l d i n g
company, and t h e r e b y e n gag e i n o p e r a t i n g a s a v i n g s a s s o c i a t i o n ,
pursuant to
S e c t i o n 4 ( c ) (8) o f t h e Bank H o ld i n g Company A c t and S e c t i o n 2 2 5 . 2 5 ( b ) (9) o f
R e g u l a t i o n Y.
F o rsyth Bancshares, In c.
Cumming, G e o r g i a
1-BHC f o r m a t i o n , The C i t i z e n s
S ectio n
Bank o f
3 - A p p lica tio n s
Appl .ic a.t i p n
F o r s y t h C o u n ty ,
S u b ject
to
10 -15-9 6 *
Federal R e g iste r
Cumming, G e o r g i a .
F e d e r a l R e g i s t e r O n ly
Comment, Pe r i o d . En d in g ...Da t e
Commercial C a p i t a l C o r p o r a t i o n
1 0 -0 8 -9 6
DeK alb, M i s s i s s i p p i
To a c q u i r e Kemper F i n a n c e ,
In c .,
DeK alb, M i s s i s s i p p i ,
and t h e r e b y en g a g e i n
consumer f i n a n c e a c t i v i t i e s , p u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank H o ld i n g
Company A c t and S e c t i o n 2 2 5 . 2 5 ( b ) ( 1 ) (I) o f R e g u l a t i o n Y.
W ash in g to n S t a t e B a n c s h a r e s
Not y e t a v a i l a b l e
W a sh in g to n , L o u i s i a n a
To e n g a g e i n m aking, a c q u i r i n g o r s e r v i c i n g l o a n s o r o t h e r e x t e n s i o n s o f c r e d i t ,
i n c l u d i n g i s s u i n g l e t t e r s o f c r e d i t , p u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank
H o ld i n g Company A c t and S e c t i o n 2 2 5 . 2 5 ( b ) (1) o f R e g u l a t i o n Y.
♦ S u bject t o p r o v i s i o n s
of
t h e Community R e i n v e s t m e n t A c t .
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 13. 1996
S e c t i o n 4 - A p p l i c a t i o n s Not S u b j e 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 o r Newspaper N o t i c e
A p p lic a tio n
Hancock H o ld i n g Company
G u lfp o rt, M is s is s ip p i
R e q u e s t f o r w a i v e r o f t h e a p p l i c a t i o n r e q u ir e m e n t o f S e c t i o n 3(a) (3) o f t h e Bank
H o ld i n g Company A c t t o a c q u i r e S o u t h e a s t N a t i o n a l Bank, Hammond, L o u i s i a n a .
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September
S e c tio n
10
- A v a ila b ility
o f CRA P u b l i c
20
, 1996
E v a lu a tio n s
The CRA p u b l i c e v a l u a t i o n s o f t h e i n s u r e d d e p o s i t o r y i n s t i t u t i o n s l i s t e d b e lo w
became a v a i l a b l e d u r i n g t h i s week.
I n f o r m a t i o n a b o u t an i n s t i t u t i o n ' s
CRA
e v a l u a t i o n may be o b t a i n e d d i r e c t l y from t h e i n s t i t u t i o n .
In c o n n e c t i o n w i t h t h e
a s s e s s m e n t o f an i n s t i t u t i o n ' s CRA p e r f o r m a n c e , a r a t i n g i s a s s i g n e d from t h e
f o llo w in g groups:
O u t s t a n d i n g r e c o r d o f m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n h a s an
o u t s t a n d i n g r e c o r d o f , and i s a l e a d e r i n , a s c e r t a i n i n g and h e l p i n g t o meet t h e
c r e d i t n e e d s o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and m o d e r a t e income n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
S a t i s f a c t o r y r e c o r d o f m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n h as a
s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t n e ed s o f i t s
e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and m o d e r a t e - i n c o m e n e ig h b o r h o o d s , i n
a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
Needs t o im prove r e c o r d o f m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n n e e d s
t o improve i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs
of
its
en tire
d e lin e a te d
community,
in clu d in g
low and
m o d e r a te -in c o m e
n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
S u b s t a n t i a l no n com plian ce i n m e e t i n g community c r e d i t n e e d s :
An i n s t i t u t i o n h as
a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t
n e ed s o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and m o d e ra te -in c o m e
n e i g h b o r h o o d s , i n a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s .
Bank
CRA R a t i n g
E x a m in a tio n
D a te
C i t y F i r s t Bank
P o s t O f f i c e Box 21032
Tampa, F l o r i d a 33622
( 8 1 3 ) 2 8 9 -3 3 3 3
S a tisfa c to ry
0 5-28-96
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 20. 1996
R e c e n t l y A p p ro v e d A p p l i c a t i o n s
N o n e.
A p p r o v a l D a te
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
Branch
NAB Bank
Chicago, Illinois
250 West Cermak Road
Chicago, Illinois
NP -9-22-96
Branch
Cole Taylor Bank
Chicago, Illinois
Southwest Comer of Skokie Boulevard and Golf Road
Skokie, Illinois
NP - 9-20-96
Branch
Comerica Bank
Detroit, Michigan
7900 West Wind Lake Avenue
West Bloomfield, Michigan
NP - 9-29-96
EFT
Security Savings Bank
Farhamville, Iowa
1015 Market Street
Gowrie, Iowa
NP - 10-10-96
EFT
Midwest Bank and Trust Company
Elmwood Park, Illinois
550 Mannheim Road
Hillside, Illinois
NP - 9-19-96
Merger/Branches
Kent City State Bank
NP - **
Kent City, Michigan
Grant State Bank
Grant, Michigan
- 10 West Main Street, Grant, Michigan & 21 East 82nd Street, Newaygo, Michigan
NP - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
** - Not available at this time
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only cont’d
Comment Period
Ending Date
1m .
Application
Branch
Harris Trust and Savings Bank
Chicago, Illinois
4723 S. Kedzie Avenue
Chicago, Illinois
NP - 10-6-96
Branch
Peoples Bank and Trust Company
Sunman, Indiana
100 Sycamore Estate Drive
Aurora, Indiana
NP - 10-6-96
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Type
Application
3(a)(1)
Hometown Financial Corporation*
Flanagan, Illinois
Flanagan State Bank
Flanagan, Illinois
FR - 9-27-96
NP - 9-20-96
3(a)(3)
Northern Trust Corporation*
Chicago, Illinois
Metroplex Bancshares, Inc.
Dallas, Texas
Metroplex Delaware Financial Corporation
Dallas, Texas
Bent Tree National Bank
Dallas, Texas
FR - 9-27-96
NP - 9-19-96
3(a)(3)
American Bancshares, Inc.*
Holstein, Iowa
Farmers State Bank
Charter Oak, Iowa
FR - 9-16-96
NP - 9-7-96
3(a)(3)
Ida Grove Bancshares, Inc.*
Ida Grove, Iowa
Farmers State Bank
Charter Oak, Iowa
FR - 9-16-96
NP - 9-7-96
3(a)(1)
Kerkhoff L.P.*
Red Oak, Iowa
Southwest Financial Group of Iowa, Inc.
Red Oak, Iowa
Houghton State Bank
Red Oak, Iowa
FR - 9-16-96
NP - 9-23-96
3(a)(3)
Capitol Bancorp, Ltd.*
Lansing, Michigan
Brighton Commerce Bank
Brighton, Michigan (in organization)
FR - 10-18-96
NP . **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Type
Application
3(a)1)
Schofield Bancorporation, Inc.*
La Crosse, Wisconsin
Intercity State Bank
Schofield, Wisconsin
Comment Period
Ending Date
FR - 9-20-96
NP - * *
3(a)(1)
Taylor Capital Group, Inc.*
Wheeling, Illinois
Cole Taylor Bank
Chicago, Illinois
FR - 10-4-96
NP - 10-4-96
COC-HC
Ruthven Investment, Ltd.
Ruthven, Iowa
James H. Keeline and
Richard O. Carpenter
FR - 10-1-96
NP . **
3(a)(1)
Bluestem Development Corporation*
Joy, Illinois
Joy Development Corporation
Davenport, Iowa
Joy State Bank
Joy, Illinois
FR - 10-11-96
NP - **
3(a)(3)
Valley Bancshares, Inc.*
Nisswa, Minnesota
Minnesota Bancshares Corporation
Augusta, Wisconsin
Brainerd National Bank
Baxter, Minnesota
FR - 10-15-96
NP - **
COC-HC
Kerndt Bank Services, Inc.
Lansing, Iowa
Kerndt Brothers Savings Bank
Lansing, Iowa
FR - 10-9-96
NP - **
3(a)(3)
Ida Grove Bancshares, Inc.*
Ida Grove, Iowa
Pierson Bancorporation, Inc.
Pierson, Iowa
Farmers Savings Bank
Pierson, Iowa
PR . **
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
3(a)(3)
American Bancshares, Inc.*
Holstein, Iowa
Pierson Bancorporation, Inc.
Pierson, Iowa
Farmers Savings Bank
Pierson, Iowa
FR - **
NP - **
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only cont’d
Comment Period
Ending Date
Jm
Application
4(c)(8)
Union-Calhoun Investments, Ltd.
Rockwell City, Iowa
Wetter Income Tax Service
Rockwell City, Iowa
FR - 10-4-96
4(c)(8)
FBOP Corporation
Oak Park, Illinois
Topa Savings Bank, FSB
Beverly Hills, California
Topa Thrift and Loan
Beverly Hills, California
PR . **
4(c)(8)
Stichting Prioriteit ABN AMRO Holding
Amsterdam, The Netherlands
Heigl Mortgage and Financial Corporation
Bloomington, Minnesota
FR - 9-19-96
4(c)(8)
Taylor Capital Group, Inc.
Wheeling, Illinois
CT Mortgage Company, Inc.
Altamonte Springs, Florida
FR - 10-4-96
4(c)(8)
ABN AMRO Bank N.V.
Amsterdam, The Netherlands
Heigl Mortgage and Financial Corporation
Bloomington, Minnesota
FR - 9-19-96
4(c)(8)
ABN AMRO Holding, N.V.
Amsterdam, The Netherlands
Heigl Mortgage and Financial Corporation
Bloomington, Minnesota
FR - 9-19-96
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only cont’d
Comment Period
Ending Date
Type
Application
4(c)(8)
ABN AMRO North America, Inc.
Chicago, Illinois
Heigl Mortgage and Financial Corporation
Bloomington, Minnesota
FR - 9-19-96
4(c)(8)
Stichting Administratiekantoor ABN AMRO Holding
Amsterdam, The Netherlands
Heigl Mortgage and Financial Corporation
Bloomington, Minnesota
FR - 9-19-96
4(c)(8)
I.S.B. Financial Corp.
Oak Forest, Illinois
making and servicing loans
FR - 9-17-96
4(c)(8)
Banque Indosuez
Paris, France
Breen Trust Company
Houston, Texas
FR - 9-19-96
4(c)(8)
Banque Indosuez
Paris, France
Indosuez Carr Futures, Inc.
Chicago, Illinois
FR - 9-19-96
4(c)(8)
Caisse Nationale de Credit Agricole S.A.
Paris, France
Breen Trust Company
Houston, Texas
FR - 9-19-96
4(c)(8)
Caisse Nationale de Credit Agricole S.A.
Paris, France
Indosuez Carr Futures, Inc.
Chicago, Illinois
FR - 9-19-96
4(c)(8)
Caisse Nationale de Credit Agricole S.A.
Paris, France
Indosuez Carr Futures, Inc.
Chicago, Illinois
Daniel Breen & Company, L.P.
Houston, Texas
FR - 9-19-96
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only cont’d
Comment Period
Ending Date
T m
Application
4(c)(8)
Brunsville Bancorporation, Inc.
Brunsville, Iowa
to engage de novo in selling all types of insurance
FR - 10-1-96
4(c)(8)
Merrill Bancorporation, Inc.
Merrill, Iowa
to engage de novo in selling all types of insurance
FR - 10-1-96
4(c)(8)
Bank of Montreal
Montreal, Canada
BMO Leasing (U.S.), Inc.
Chicago, Illinois
FR - 10-8-96
4(c)(8)
Bankmont Financial Corp.
New York, New York
BMO Leasing (U.S.), Inc.
Chicago, Illinois
FR - 10-8-96
4(c)(8)
Anita Bancorporation
Newton, Iowa
Rolling Hills Insurance Agency, L.C.
Atlantic, Iowa
PR . **
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper Notice
Type
None
Application
Federal Reserve Bank of Chicago
Section V - Availability o f 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 20, 1996. If you are interested in obtaining a copy o f the
evaluation document, please contact the bank(s) directly.
Identification o f Ratines
0 -
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
S -
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NI -
An institution in this group has a needs to improve its overall record 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.
SN -
An institution in this group has a substantial noncompliance record o f ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilies.
BANK NAME/LOCATION
EXAMINATION DATE
RATINGS
Hartsburg State Bank
101 North 2nd Street
Hartsburg, Illinois 62643
(217) 642-5213
5/21/96
S
Farmers State Bank
316 East Saginaw Street
Breckenridge, Michigan
(517) 842-3191
4/29/96
S
6/03/96
S
City State Bank
217 West Mulberry
Ogden, Iowa 50212
(515) 275-2420
48615
PAGE TWO
Federal Reserve Bank of Chicago
Section V - Availability of CRA Public Evaluations
The following state member banks have been examined by the Federal Reserve Bank o f 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 20, 1996. 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 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.
NI -
An institution in this group has a needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
SN -
An institution in this group has a substantial noncompliance record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilies.
BANK NAME/LOCATION
EXAMINATION DATE
RATINGS
OMNIBANK
10474 West Jefferson Avenue
River Rouge, Michigan 48218-1396
(313) 843-8850
5/20/96
S
Bank One, Bloomington-Normal
2404 East Oakland
Bloomington, Illinois 61701-5836
(309) 664-9000
5/13/96
O
Federal Reserve Bank o f St. Louis
FOR THE WEEK ENDING SEPTEMBER 20, 1996
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
* Section 9 branch application by First Bank, St.
Louis, Missouri, to establish a branch office at 6211
Mid Rivers Mall Drive, St. Peters, Missouri.
9-30-96
* Section 18(c) application by Fifth Third Bank of
Kentucky, Inc., Louisville, Kentucky, to merge with
Fifth Third Savings Bank of Western Kentucky, FSB,
Mayfield, Kentucky.
10-18-96
* Section 5(d)(3) application by Fifth Third Bank of
Kentucky, Inc., Louisville, Kentucky, to merge with
Fifth Third Savings Bank of Western Kentucky, FSB,
Mayfield, Kentucky.
10-18-96
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End of Comment Period
* Section 3(a)(3) application by Carlinville National
Bank Shares, Inc., Carlinville, Illinois, to acquire
Lincoln Trail Bancshares, Inc., Taylorville, Illinois.
Newspaper: 10-15-96
* Section 3(a)(3) application by MNB Banchares,
Inc., Malvern, Arkansas, to acquire The Malvern
National Interim Bank, Malvern, Arkansas.
Newspaper: 10-17-96
* Section 3(a)(3) application by MNB Banchares,
Inc., Malvern, Arkansas, to acquire First National
Interim Bank o f Sheridan, Sheridan, Arkansas.
Newspaper: 10-17-96
Change in control notification involving
Cairo/Moberly Bancshares, Inc., Moberly, Missouri,
by Robert M.Cater.
N /A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
None.*
* This application/notification is subject to CRA.
End of Comment Period
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End o f Comment Period
Section 5(b) Bank Service Corporation Act joint
applications by Arvest Bank Group, Inc., Bentonville,
Arkansas, and by First Commercial Corporation, Little
Rock, Arkansas, to have their 34 subsidiary banks organize/
invest in a proposed bank service corporation, The
BankCard Center, Inc., Norman, Oklahoma.
N/A
Stock redemption notification by Cairo/Moberly
Bancshares, Inc., Moberly, Missouri, to redeem
15.92 percent o f its equity.
N/A
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY O F C R A PU BL IC D I S C L O S U R E S
Id e n tific a t io n o f R a tin g s ;
O u ts ta n d in g r e c o r d o f m e e t in g c o m m u n ity c re d it n e e d s
A n in s titu tio n in th is g ro u p h a s an o u ts ta n d in g r e c o r d o f, a n d is a le a d e r in , a s c e r ta in in g a n d h e lp in g to m e e t
th e c r e d it n e e d s o f its e n tire d e lin e a te d c o m m u n ity , in c lu d in g lo w - a n d m o d e r a te - in c o m e n e ig h b o r h o o d s , in a
m a n n e r c o n s is te n t w ith its re s o u rc e s a n d c a p a b ilitie s .
S a tis f a c to r y r e c o r d o f m e e t in g c o m m u n ity c re d it n e e d s
A n in s titu tio n in th is g roup h as a s a tis fa c to r y r e c o r d o f a s c e r ta in in g a n d h e lp in g to m e e t th e c r e d it n e e d s o f its
e n tire d e lin e a te d c o m m u n ity , including lo w - a n d m o d e r a te - in c o m e n e ig h b o rh o o d s , in a m a n n e r c o n s is t e n t w ith
it s r e s o u rc e s a n d c a p a b ilitie s .
N e e d s to im p r o v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s
A n in s titu tio n in th is g ro u p n e e d s to im p ro v e its o v e r a ll re c o r d o f a s c e r ta in in g a n d h e lp in g to m e e t th e c r e d it
n e e d s o f it s e n tir e d e lin e a te d c o m m u n ity , in c lu d in g l o w - a n d m o d e r a te - in c o m e n e ig h b o rh o o d s , in a m a n n e r
c o n s is te n t w it h it s re s o u rc e s a n d c a p a b ilitie s .
S u b s ta n tia l n o n c o m p lia n c e in m e e t in g c o m m u n ity c r e d it n e e d s
A n in s titu tio n in th is g ro u p h a s a s u b s ta n tia lly d e fic ie n t r e c o r d o f a s c e r ta in in g a n d h e lp in g to m e e t th e c r e d it
n e e d s o f it s e n tir e d e lin e a te d c o m m u n ity , in c lu d in g lo w - a n d m o d e r a te - in c o m e n e ig h b o rh o o d s , in a m a n n e r
c o n s is te n t w it h its re s o u rc e s a n d c a p a b ilitie s .
FOR THE WEEK ENDING September 20, 1996
Name of Bank
Bank of Iberia
Bank Address
PO Box 205
Iberia, MO 65486-0205
Examination
Date
Examination
Rating
6/17/96
Satisfactory
FED ER A L RESERVE BANK O F M IN N EA PO LIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
NONE.
FED ER A L RESERVE BANK O F M IN N EA PO LIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
Bluestem Bank Holding Company, Sioux Falls, South Dakota,
for prior approval to become a bank holding company
through the acquisition of 23.05% of the voting shares of
Thomson Holdings, Inc., Centerville, South Dakota. *
October 18, 1996
(Federal Register)
Dent Bancshares, Inc., Dent, Minnesota, for prior approval
to become a bank holding company through the acquisition
of 98.11 % of the voting shares of Farmers State Bank of Dent,
Dent, Minnesota. *
October 18, 1996
(Federal Register)
* Subject to CRA
FED ER A L RESERVE BANK O F M IN N EA PO LIS
Section III - Applications Subject
to Federal Register Notice Only
Application
Norwest Corporation, Minneapolis, Minnesota,
to engage in residential mortgage lending through
the acquisition of The Mortgage Center, Springfield,
Massachusetts, a joint venture with Landry, Lyons and
Whyte Company, Inc., Springfield, Massachusetts.
Comment Period
Ending Date
October 8, 1996
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
First Bancshares, Inc., of Cold Spring, Cold Spring,
Minnesota, to redeem 6.6% of its voting shares.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending September 20, 1996
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance, a rating
is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
BANKfS-) EXAMINED
DATE OF EXAMINATION
CRA RATING
American State Bank
P.O. Box 78
Grygla, MN 56727-0078
(218)294-6111
June 11, 1996
Satisfactory
Federal Reserve Bank of Kansas C ity
S E C T IO N I - A P P L IC A T IO N S S U B JE C T T O N E W S P A P E R M O T T O ? OIVT Y
A P P L IC A T IO N
C O M M EN T PE R IO D E N D IN G D A T E
N one.
SECTION n - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
c o m m e n t p e r io d e n d in g d a t e
Adbanc. Ogallala, Nebraska, for prior approval to
acquire 53.93 percent o f the voting shares of The First
State Bank, Lodgepole, Nebraska.*
Not Available
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION
COMMENT PERIOD F.NDTNG PATH
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL .REGISTER NOTICE
OR NEWSPAPER NOTICE
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification o f 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 m eeting community credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Federal Reserve Bank of Kansas C ity
Satisfactory record o f meeting community credit needs
A n 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 im proye 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 o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncom pliance in meeting community credit needs
An institution in this group has a substantially deficient record o f ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Bank/Location
Exam Date
CRA Public
Date
Bank o f Hartington
P.O. Box 77
Hartington, Nebraska 68739-0077
06/17/96
09/17/96
Satisfactory
Western. Bank o f Cody
P.O. Box 218
Cody, W yoming 82414.-0218
06/17/96
09/17/96
Outstanding
First State Bank in Temple
P.O. Box 546
Temple, Oklahoma 73568-0546
06/24/96
09/17/96
Satisfactory
Citizens Bank & Trust Company
P.O. Box 1117
Okmulgee, Oklahoma 74447-1117
06/24/96
09/17/96
Satisfactory
♦Application is subject to CRA.
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 16, 1996
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP
APPLICATION
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
♦Section 3(a)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire The Farmers and Mechanics Bank, Galesburg,
Illinois
(Previously reported during the week of 7-15-96)
♦Section 3(a)(5) application by
MarTex Bancshares, Inc., Marshall, TX, to
merge with Heritage Texas Group, Inc., Pittsburg, TX
(Previously reported during the week of 8-12-96)
Change in Control Notice by
Rayford Holley Reily and Martha Lou Reily (wife),
Livingston, TX, to acquire an interest in Citizens State
Financial Corporation, Corrigan, TX
(Previously reported during the week of 8-26-96)
Change in Control Notice by
Joe Dan Coe, Winnsboro, TX, to acquire an interest in
Franklin National Bankshares, Inc., Mt. Vernon, TX
(Previously reported during the week of 8-26-96)
♦Section 3(a)(1) application by
MainBancorp, Inc., Austin, TX, to acquire Maincorp
Intermediate Holding Company, Inc., Wilmington, DE,
ROSB Bancorp, Inc., Red Oak, TX, and MainBank, Red Oak, TX
(Previously reported during the week of 8-26-96)
♦Section 3(a)(1) application by
Maincorp Intermediate Holding Company, Inc., Wilmington, DE,
to acquire ROSB Bancorp, Inc., Red Oak, TX, and MainBank,
Red Oak, TX
(Previously reported during the week of 8-26-96)
NOTICE EXP
96/09/17
96/09/23
96/09/22
96/09/25
96/10/01
96/10/01
Change in Control Notice by
Steven A. Chandler, Eldorado, TX, to acquire an interest in
First Eldorado Bancshares, Inc., Eldorado, Texas (Resubmission)
96/10/09
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 SEPTENBER 16. 1996
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
Date of
Examination
CRA Rating
Bank of Troy
18 S. Central Ave.
P. 0. Box 427
Troy, TX 76579-0427
96/06/17
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/20/96
Section I - Applications Sub.iect to Newspaper Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Scott Mariner Browning, San Diego, California,
Gay Browning, Salt Lake City, Utah, and Diane
Browning Oblock, Providence, Utah, to increase
increase their ownership up to 26.08 percent
each of First Utah Bancorporation, Salt Lake
City, Utah. *
Newspaper:
9/26/96
Fed. Rea.:
10/18/96
Palm Desert Investments Employee Stock Ownership
Plan and Trust, Palm Desert, California, and its
trustee, Kevin B. McGuire, Indian Wells,
California, to acquire up to 24.42 percent of
the outstanding shares of Palm Desert Investments,
Palm Desert, California. *
Newspaper:
Not available
Fed. Reg.:
Not available
Pacific Capital Bancorp, Salinas, California, to
merge with South Valley Bancorporation, Morgan Hill,
California. *
Newspaper:
9/20/96
Fed. Reg.:
Not available
Section III -Applications Sub.iect to Federal Register Only
None
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/20/96
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during this
week. Information about a particular institution’s CRA evaluation may be obtained
directly from the institution.
Institution
Location
Examination Date
Rating*
None
♦Under the rating system an institution’s CRA performance is assigned one of the
following four ratings:
Outstanding re c o rd of m eeting community c r e d it needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
S a t i s f a c t o r y re c o rd o f m eeting community c r e d it needs:
An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to Im prove re c o rd of m eeting community c r e d it 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 moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
S u b s ta n tia l Noncom pliance in m eeting community c r e d it 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 moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
The above listing has been prepared as a courtesy by the Federal Reserve Bank of San
Francisco, and is not intended to replace formal notices required by statute or
regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER