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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1995, No. 38
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending September 23, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Monetary policy objectives -- statement by Chairman
Greenspan before the Senate Committee on Banking
Finance and Urban Affairs, September 22, 1995.
Published, September 22, 1995.
Merger of Savings Association Insurance Fund (SAIF)
and Bank Insurance Fund (BIF) and merger of thrift
and commercial bank charters -- statement by
Chairman Greenspan before the Subcommittee on
Financial Institutions and Consumer Credit of the
House Committee on Banking and Financial Services,
September 21, 1995.
Published, September 21, 1995.
BANK b u n c h e s , PQMESTIC
Republic Bank, Philadelphia, Pennsylvania -- request
for reconsideration of the Boardvs approval of the
application to establish a branch in Ardmore,
Pennsylvania.
Denied, September 20, 1995.
BANK HOLDING COHPANIES
Mercantile Bankshares Corporation, Baltimore,
Maryland --to acquire The Sparks State Bank.
Approved, September 22, 1995.
Veils Fargo & Company, San Francisco, California,
HSBC Holdings pic, London, United Kingdom, HSBC
Holdings BV, Amsterdam, The Netherlands, and Marine
Midland Banks, Inc., Buffalo, New York -- to
acquire Wells Fargo HSBC Trade Bank, San Francisco,
California.
Approved, September 18, 1995.
ENFORCEMENT
United States Trust Company of New York, New York,
cease and desist order against Colin Vickerie, an
officer of United States Trust Company and a former
officer of Bankers Trust Company of California,
N.A., a nonbank subsidiary of Bankers Trust New
York Corporation, New York, New York.
Announced, September 19, 1995.
H.2
SEPTEMBER 18, 1995
PAGE 2
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Regulation K -- request for comment on rule to expand
the general consent authority for foreign
investments by strongly capitalized and well
managed U.S. banking organizations and to
streamline the review procedures for notices and
applications (Docket R-0896)
Approved, September 19, 1995.
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
Atlanta
Guaranty Bank & Trust Company, Venice, Florida -- to
establish a branch at 9660 South Tamiami Trail,
Sarasota, Florida.
Approved, September 22, 1995.
Chicago
NBD Bank, Detroit, Michigan -- to establish a branch
at 225 South Main Street, Royal Oak, Michigan.
Approved, September 21, 1995.
Chicago
NBD Bank, Detroit, Michigan -- to establish a branch
at 23000 Michigan Avenue, Dearborn, Michigan.
Approved, September 21, 1995.
Chicago
North Shore Community Bank & Trust Company, Wilmette,
Illinois -- to establish a branch at 362 Park
Avenue, Glencoe, 111inois.
Approved, September 20, 1995.
H.2
SEPTEMBER 18, 1995
PAGE 3
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
New York
Peapack-Gladstone Bank, Gladstone, New Jersey -- to
establish a branch at 158 Route 206, Peapack, New
Jersey.
Approved, September 22, 1995.
Chicago
Rolling Hills Bank 8 Trust Company, Atlantic, Iowa -to establish a branch at 600 Main Street, Griswold,
Iowa.
Approved, September 22, 1995.
BANK HOLDING COMPANIES
San Francisco
Dartmouth Capital Group, Inc., Gilford, New Hampshire
--to acquire Dartmouth Capital Group, L.P., and
Dartmouth Capital Group, L.P. to acquire SDN
Bancorp, Encinitas, California.
Approved, September 22,' 1995.
San Francisco
Dartmouth Capital Group, Inc., Gilford, New Hampshire
-- request for waiver of application requirement in
connection with proposal to reincorporate in the
State of Delaware.
Approved, September 22, 1995.
Sam Francisco
First Security Corporation, Salt Lake City, Utah -to engage de novo in community development
activities through Security Leasing Company.
Permitted, September 18, 1995.
Clevelamd
First State Bancorp, Inc., Winchester, Ohio -- to
acquire The State Bank of Adams County.
Approved, September 20, 1995.
Chicago
NEB Corporation, Fond du Lac, Wisconsin -- request
for waiver of application requirement in connection
with proposal to acquire and merge Adell State
Barnk, Adell, Wisconsin, arnd Bank of Elkhart Lake,
Elkhaurt Lake, Wisconsin.
Approved, September 20, 1995.
Cleveland
Provident Bancorp, Cincinnati, Ohio -- to acquire
Mathematical Investment Mauiageaent, Inc.,
Cleveland, Ohio.
Approved, September 20, 1995.
H.2
SEPTEMBER 18, 1995
PAGE 4
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Director, BS&R
SNB Bancshares, Inc., Macon, Georgia -- registration
as transfer agent.
Approved, September 21, 1995.
Director, BS&R
Southside Financial Group, Inc., Fayetteville,
Georgia -- registration as transfer agent.
Approved, September 21, 1995.
Kansas City
UMB Financial Corporation, Kansas City, Missouri -to form a credit card bank to be named UMB U.S.A.,
National Association, Falls City, Nebraska, and
engage in lending activities.
Approved, September 20, 1995.
San Francisco
United Security Bancorporation, Spokane, Washington
- to engage de novo in leasing and factoring
activities through USB Leasing, Inc.
Permitted, September 22, 1995.
San Francisco
United Security Bancorporation, Spokane, Washington
- to engage de novo in estate lending, escrow
services, and appraisal services through USB
Mortgage Company, Inc.
Permitted, September 22, 1995.
San Francisco
Vallicorp Holdings, Inc., Fresno, California -- to
acquire more than five percent of the voting share
of El Capitan Bancshares, Inc., Sonora, California
and for Vallicorp to merge with El Capitan.
Approved, September 22, 1995.
Director, BS&R
1st Community Bancorp, Inc., Sparta, Michigan -registration statement.
Withdrawn, September 18, 1995.
BANK MERGERS
Richmond
Crestar Bank MD, Bethesda, Maryland -- to acquire
certain assets and assume certain liabilities of
The Chase Manhattan Bank of Maryland, Baltimore,
Maryland, and to establish branches.
Approved, September 22, 1995.
H.2
SEPTEMBER 18, 1995
PAGE 5
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK MERGERS
Chicago
Rolling Hills Bank & Trust Company, Atlantic, Iowa -to merge with Griswold State Bank, Griswold, Iowa,
and to establish a branch at 600 Main Street.
Approved, September 22, 1995.
San Francisco
Valliwide Bank, Fresno, California -- to merge with
El Capitan National Bank, Sonora, California, and
to establish branches.
Approved, September 22, 1995.
BANK PREMISES
Atlanta
Citizens Trust Bank, Atlanta, Georgia -- investment
in bank premises.
Approved, September 22, 1995.
Chicago
North Shore Community Bank & Trust Company, Wilmette,
Illinois -- investment in bank premises.
Approved, September 20, 1995.
BANKS. STATE MEMBER
Director, BS&R
Dauphin Deposit Bank & Trust Company, Harrisburg,
Pennsylvania -- registration as transfer agent.
Approved, September 22, 1995.
Director, BS&R
Enterprise Bank and Trust Company, Winston Salem,
North Carolina -- registration as transfer agent.
Approved, September 18, 1995.
CAPITAL STOCK
Secretary
Northern Trust Company, Chicago, Illinois -redemption of shares.
Approved, September 22, 1995.
CHANGE IN BANK CONTROL
Ph ilade 1ph ia
First Bank of Philadelphia, Philadelphia,
Pennsylvania -- change in bank control.
Permitted, September 21, 1995.
H. 2
SEPTEMBER 18, 1995
PAGE 6
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Dallas
Fredonia Bancshares, Inc., Nacogdoches, Texas -change in bank control.
Permitted, September 20, 1995.
San Francisco
North County Bancorp, Escondido, California -- change
in bank control.
Returned, September 21, 1995.
COMPETITIVE FACTORS REPORTS
Boston
Affiliated Community Bancorp, Inc., Waltham,
Massachusetts -- extension to acquire Lexington
Savings Bank, Lexington; Main Street Community
Bancorp, Inc., Waltham, Massachusetts, and The
Federal Savings Bank.
Submitted, September 22, 1995.
Richmond
Central Carolina Bank and Trust Company, Durham,
North Carolina, proposed purchase of the assets and
assumption of the liabilities of First Security
Credit Corporation, Durham, North Carolina -report on competitive factors.
Submitted, September 19, 1995.
Philadelphia
Chambersburg Trust Company, Chambersburg,
Pennsylvania, proposed acquisition of the assets
and assumption of the liabilities of a branch of
Financial Trust Company, Carlisle, Pennsylvania -report on competitive factors.
Submitted, September 21, 1995.
Richmond
Citizens and Farmers Bank, West Point, Virginia,
proposed purchase of certain assets and assumption
of certain liabilities of the West Point, Virginia,
branch of Crestar Bank, Richmond, Virginia -report on competitive factors.
Submitted, September 18, 1995.
H .2
SEPTEMBER 18, 1995
PAGE 7
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Richmond
Community Bank, Pilot Mountain, North Carolina,
proposed purchase of certain assets and assumption
of the deposit liabilities of the Dobson, North
Carolina, branch of United Carolina Bank,
Whiteville, North Carolina -- report on competitive
factors.
Submitted, September 18, 1995.
Chicago
Farmers Savings Bank, Preston, Iowa, proposed merger
with Miles Savings Bank, Miles, Iowa -- report on
competitive factors.
Submitted, September 18, 1995.
Richmond
First Citizens-Bank & Trust Company, Raleigh, North
Carolina, proposed merger with First-Citizens Bank
& Trust Company, Lawrenceville, Virginia -- report
on competitive factors.
Submitted, September 22, 1995.
Atlanta
First City Bank, Murfreesboro, Tennessee, and
Citizens Bank, Smithville, Tennessee, proposed
merger with First American National Bank,
Nashville, Tennessee -- report on competitive
factors.
Submitted, September 20, 1995.
St. Louis
First Sun Bank of America, Annapolis, Missouri,
proposed merger with Arcadia Valley Bank, Arcadia,
Missouri -- report on competitive factors.
Submitted, September 20, 1995.
New York
Hudson City Savings Institution, Hudson, New York,
proposed merger with Valatie Savings and Loan
Association, Valatie, New York -- report on
competitive factors.
Submitted, September 22, 1995.
Cleveland
Liberty National Bank and Trust Company of Indiana,
New Albany, Indiana proposed merger with Liberty
National Bank and Trust Company of Kentucky,
Louisville, Kentucky -- report on competitive
factors.
Submitted, September 18, 1995.
H .2
SEPTEMBER 18, 1995
PAGE 8
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Richmond
Mutual Community Savings Bank, Inc., SSB, Durham,
North Carolina, proposed merger with Greensboro
Savings Bank, Inc., SSB, Greensboro, North Carolina
-- report on competitive factors.
Submitted, September 18, 1995.
Atlanta
NationsBank of Florida, N.A., Tampa, Florida,
proposed merger with Bank of Madison County, N.A.,
Madison, Florida -- report on competitive factors.
Submitted, September 20, 1995.
Richmond
Old North State Bank, King, North Carolina, proposed
merger with Enterprise Bank and Trust Company,
Winston-Salem, North Carolina -- report on
competitive factors.
Submitted, September 18, 1995.
Dallas
Pacific Southwest Bank, Corpus Christi, Texas,
proposed purchase of assets and assumption of
liabilities of branches of Bank of America Texas,
National Association, Irving, Texas, at 210 East
2nd Street, Hico; 1200 East Main Street, Alice; 411
East Houston Street, Beeville; 116 South Bell
Street, Hamilton; and 101 South Avenue G, Clifton;
and 301 North Patrick Street, Dublin, Texas -report on competitive factors.
Submitted, September 19, 1995.
Chicago
Peoples Loan & Trust Bank, Winchester, Indiana,
proposed merger with Saratoga State Bank, Saratoga,
Indiana -- report on competitive factors.
Submitted, September 19, 1995.
Chicago
Rochelle Savings and Loan Association, Rochelle,
Illinois, proposed merger with Rochelle Interim
Savings and Loan Association -- report on
competitive factors.
Submitted, September 18, 1995.
H .2
SEPTEMBER 18, 1995
PAGE 9
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago
Associated Banc-Corp., Green Bay, Wisconsin -extension to December 11, 1995, to engage in trust
company functions through Associated Trust Company
of Illinois, Inc., Chicago, Illinois.
Granted, September 21, 1995.
San Francisco
BankAmerica Corporation, San Francisco, California extension to divest certain property.
Granted, September 21, 1995.
Director, BS&R
CCB Financial Corporation, Durham, North Carolina -extension to divest certain property.
Granted, September 18, 1995.
New York
Cooperative Centrale Raiffeisen Boerenleebank B.A.,
Rabobank Nederland, Utrecht, Netherlands -extension to January 3, 1996, to engage de novo in
swap activities through Rabo Capital Services,
Inc., New York, New York.
Granted, September 22, 1995.
Chicago
First National Bank of Chicago, Chicago, Illinois -extension to June 30, 1996, to acquire First
Chicago (Mexico) S.A., Mexico City, Mexico.
Granted, September 18, 1995.
San Francisco
Korea Exchange Bank, Seoul, Korea -- extension to
divest certain property.
Granted, September 20, 1995.
San Francisco
Sakura Bank, Ltd/, Tokyo, Japan -- extension to
divest certain property.
Granted, September 20, 1995.
REGULATIONS AND POLICIES
Secretary
Regulation CC -- technical amendments to update the
regulation, commentary, and model forms (Docket
R-0895).
Approved, September 20, 1995.
H.2
SEPTEMBER 18, 1995
PAGE 10
ADDITIONS AND CORRECTIONS
TO
SEPTEMBER 22, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Philadelphia
Financial Trust Corp., Carlisle, Pennsylvania -- to
acquire Washington County National Bank,
Williamsport, Maryland.
Approved, September 15, 1995.
COMPETITIVE FACTORS REPORTS
Richmond
Greensboro Savings Bank, Inc., SSB, Greensboro, North
Carolina, proposed merger with Mutual Community
Interim Savings Bank, Inc., SSB, Durham, North
Carolina -- report on competitive factors.
Submitted, September 18, 1994.
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of New York -- expenditures in
connection with expansion of East Rutherford
Operations Center.
Approved, September 15, 1995.
GC
Uniform Wire Transfer Operating Circular -- new
appendix to set forth the terms for Fedwire thirdparty access policy.
Approved, September 15, 1995.
FEDERAL
RESERVE
BANK
OF
BOSTON
A P P L IC A T IO N S
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
C o m m e n t P e r i o d E n d i n g Dare.
Application
Fleet B a n k of Maine,
Newspaper
Portland, M a i n e - s e c t i o n
9 a p p l i c a t i o n to e s t a b l i s h
a b r a n c h o f fice at 2 P o r t l a n d
Square, Portland, Mai n e *
10-16-95
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
C omment P e riod E n d i n g Date
C a m d e n N a t i o n a l Corporation,
Camden, M a i n e - 3(a)(3)/
3 ( a ) (5)/ 4 ( c ) (8)a p p l i c a t i o n
to a c q u i r e 100% of the
o u t s t a n d i n g s t o c k of
UNITEDCORP, Bangor, M a i n e
a n d i n d i r e c t l y 51% of Trust
C o m p a n y of M a i n e , I n c .,
Bangor, Maine*
Newspaper
09-25-95
F ederal R e g i s t e r
09-25-95
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Co m m e n t P e riod E n ding Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
R a t i n g **
NONE
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S"
Improve; "SN" - S u b s t a n t i a l Noncomp l i a n c e .
- Satisfactory;
"N"
- Needs
to
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
Chemical Bank, New York, New York, to establish
a branch at Krasdale Foods, Inc., 400 Food Center
Drive, Bronx, New York. 1/
10/23/95
Chemical Bank, New York, New York, to establish
a branch at MasterCard International, 2000 Purchase
St . , Lower Level, Harrison, New York. 1/
10/23/95
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
Notification filed by Barclays PLC and Barclays
Bank PLC, both of London, United Kingdom,
to
acquire 100 percent of the voting shares of
Wells Fargo Investment Advisors, The Nikko
Building U.S.A. Inc., Wells Fargo Institutional
Trust Company, N.A., Wells Fargo Nikko Investment
Advisors International, and certain assets and
liabilities of the 401(k) MasterWorks Division,
Wells Fargo Bank, N.A., all of San Francisco,
California, and thereby engage in (1) performing
functions or activities that may be performed
by a trust company; (2) investment advisory
activities pursuant to Section 225.25(b)(4)
of the Board's Regulation Y; (3) providing
securities brokerage and full service securities
brokerage services; (4) providing investment
advice as a commodity trading advisor registered
with the Commodity Futures Trading Commission
("CTA"), with respect to the purchase and sale
of futures contracts and options on futures for
contracts for bullion, foreign exchange,
government securities, certificates of deposit
and other money market instruments that a bank
may buy or sell in the cash market for its own
account pursuant to Section 225.25(b)(19) of
the Board's Regulation Y; (5) providing
investment advice as a CTA with respect to the
purchase and sale of futures contracts and
options on futures contracts for financial
commodities not listed in (4) above; (6) providing
administrative and certain other services
to investment companies; and (7) providing
employee benefits consulting services.
N/A
Notice by United National Bancorp, Inc.,
Bridgewater, New Jersey, and HUBCO, Inc., Mahwah,
New Jersey for each to own 50 percent of the
voting shares of HUB Financial Services, Inc.,
Mahwah, New Jersey, which is currently a whollyowned subsidiary of HUBCO, and thereby engage
in providing data processing services.
N/A
SECTION IV
Applications Not Involving
______ Public Comment______
None.
1/ Subject to the provisions of the Community Reinvestment Act.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources an
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 23, 1995
NAME OF BANK
RATING
EXAMINATION DATE
N one.
1/
2/
3/
4/
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Availables
F E D E R A L R E S E R V E B A N K OF P H I L A D E L P H I A
Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER
NOTICE
Malvern Bancorporation, Malvern, PA to become a bank holding company through the
acquisition of The National Bank of Malvern, Malvern, PA, pursuant to Section 3(a)(1)
of the Bank Holding Company Act of 1956 as amended.
Newspaper Notice comment period expires:
Federal Register comment period expires:
10/19/95
10/05/95
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Peoples Savings Financial Corporation, Ridgway, Pennsylvania, to engage directly in
lending activities, pursuant to section 4(c)(8) of the Bank Holding Company Act and
section 225.(b)(1) of Regulation Y.
Federal Register comment period expires:
N/Avail
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
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 22, 1995
Identification of Ratings
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs•
An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Bank/Location
Examination Date
CRA Rating
Orrstown Bank
3580 Orrstown Road
Orrstown, PA 17244
05/15/95
Satisfactory
F e d e r a l Re se r v e B a n k
of C leveland
P. O. BOX 6307
CLEVELAND. OHIO 44101-1387
APPLICATIONS BULLETIN
(For the week ending September 23,1995)
SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY
Received applications from Fifth Third Bank,
Cincinnati, Ohio, on September 8, 199S, of its
intent to acquire several branch offices of Bank One,
Cincinnati, NLA., Cincinnati, Ohio, pursuant to
Section 18c of the Federal Deposit Insurance Act and
thereby establish facilities pursuant Section 9 of the
Federal Reserve Act.
Received application from The MB Bank, Marblehead,
Ohio, on Sepjtember 19, 1995, for permission to become a
member of the Federal Reserve System.
Received notice from Fifth Third Bank, Cincinnati,
Ohio, on Sepjtember 20, 1995, of its intent to establish
a branch facility at 411 Western Row Rd., Mason, Ohio.
*October 19, 1995
*October 6, 1995
"'September 25, 1995
SECTIO N n - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL
REGISTER NOTKpE
Received application from Banc One Corporation,
Columbus, Ohio, to acquire Premier Bancxirp, Inc.,
Baton Rouge , Louisiana, pursuant to Section 3 of the Bank
Holding Company Act.
*N: October 15, 1995
SECTION HI - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received application from Banc One Corporation,
Columbus, C|hio, to acquire the nonbank subsidiaries of
Premier Bancorp, Inc., Baton Rouge, Louisiana, pursuant
to Section 4 of the Bank Holding Company Act.
* - Subject to CRA
N - Newspaper Comrpent Period
F Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt
Not Yet Known #
F e d e r a l R eserv e B a n k
o f C leveland
P. O, BOX 6387
CLEVELAND. OHIO 44101-1387
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Received application;from FirstMerit Corporation, Akron, Ohio, on September 19, 1995, filed
on behalf of its bank! subsidiaries to establish FirstMerit Mortgage Corporation, a bank service
corporation.
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register (Comment Period
# - Expected to End SO Days from Date of Receipt
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Crestar Bank, Richmond, Virginia, to
establish a branch at 901 Semmes Avenue,
Richmond, Virginia.*
9-27-95
First Virginia Bank-Colonial, Richmond,
Virginia, to merge with First Virginia
Bank-Southside, Farmville, Virginia.*
10-15-95
F&M Bank-Winchester, Winchester, Virginia,
to establish an Electronic Funds Transfer
Facility at the Lansdowne Conference Center,
44050 Woodridge Parkway, Leesburg, Virginia.*
10-20-95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
NationsBank Corporation, Charlotte, North
Carolina, to acquire Bank South Corporation,
Atlanta, Georgia.*
10-21-95
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None .
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
-'Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending September 22, 1995
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
Crestar Bank MD
7500 Wisconsin Avenue
Bethesda, Maryland 20814-3570
The Community Bank
200 North Sycamore Street
Petersburg, Virginia 23803-3228
Examination
Date
Rating
6-12-95
Satisfactory
7-5-95
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 22, 1995
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Republic Security Bank
Not yet available*
West Palm Beach, Florida
To merge with Banyan Bank, Boca Raton, Florida, pursuant to Section 18(c) of the
Federal Deposit Insurance Act.
Barnett Bank of Polk County
10-09-95*
Lakeland, Florida
To establish a branch located at 5301 North Socrum Loop Road, Lakeland, Florida,
to be known as the Plantation Square Office.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Century South Banks, Inc.
Not yet available*
Dahlonega, Georgia
To acquire Bank of Danielsville, Danielsville, Georgia, pursuant to Section
3(a)(3) of the Bank Holding Company Act.
The Queensborough Company
10-16-95*
Louisville, Georgia
Federal Register
To acquire Ogeechee Valley Bank, Millen, Georgia, pursuant to Section 3(a) (3) of
the Bank Holding Company A c t .
SunTrust Banks, Inc.
10-20-95*
Atlanta, Georgia
Federal Register
Along with its bank holding company subsidiary, Sun Banks, Inc., Orlando,
Florida, to merge with Ponte Vedra Banking Corporation, Ponte Vedra Beach,
Florida, and thereby directly acquire Ponte Vedra National Bank, Ponte Vedra
Beach, Florida, pursuant to Section 3(a)(5) of the Bank Holding Company Act.
Greene County Bancshares, Inc.
10-20-95*
Greeneville, Tennessee
Federal Register
To acquire Premier Bancshares, Inc., Niota, Tennessee (formerly Niota Bancshares,
Inc.) and thereby indirectly acquire Premier Bank of East Tennessee, Niota,
Tennessee (formerly Bank of Niota), pursuant to Section 3(a)(3) 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 22, 1995
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
First American Corporation
08-24-95
Nashville, Tennessee
To acquire Charter Federal Savings Bank, Bristol, Virginia, and thereby engage
in operating a savings association, and to engage in the sale of credit related
insurance through Charter Federal Savings Bank's wholly-owned subsidiaries,
Charter Financial Services Corporation and Highlands Service Corporation,
pursuant to Sections 225.25(b)(9) and 225.25(b)(8) of Regulation Y, and Section
4 ( c ) (8) of the Bank Holding Company Act.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Republic Security Financial Corporation
West Palm Beach, Florida
Request for waiver of the application requirement of Section 3(a) (3) of the Bank
Holding Company Act, for the proposal to acquire Banyan Bank, Boca Raton,
Florida.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 22, 1995
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 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 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.
Bank
Rating
The Terrace Bank of Florida
Post Office Box 16828
Temple Terrace
Tampa, Florida 33687
(813)985-1128
Satisfactory
Examination
Date
06-15-95
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 22, 1995
Recently Approved Applications
Approval Date
Guaranty Bank and Trust Company
09-22-95
Venice, Florida
To establish a branch located at 8660 South Tamiami Trail, Sarasota, Florida,
to be known as South Sarasota Branch, pursuant to Section 9 of the Federal
Reserve Act.
Citizens Trust Bank
Atlanta, Georgia
Request for increase in bank premises.
09-22-95
First City Bancorp, Inc.
Murfreesboro, Tennessee
After-the-fact commitment waiver request.
09-21-95
First City Bancorp, Inc.
Murfreesboro, Tennessee
After-the-fact commitment waiver request.
09-21-95
Federal Reserve Bank o f Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Tm
Application
EFT
Bank of Illinois in Normal
Normal, Illinois
103 E. Beaufort
Normal, Illinois
NP - 9-18-95
EFT
Bankers Trust Company
Des Moines, Iowa
Kum & Go
7265 Vista Drive
West Des Moines, Iowa
NP - 9-22-95
EFT
Bankers Trust Company
Des Moines, Iowa
Kum-N-Go, 1725 NW 86th
Clive, Iowa*
NP - 9-22-95
M erger/Branch
The Northern Trust Company
Chicago. Illinois
Northern Trust Bank/O’Hare, National Association
Chicago, Illinois
Northern Trust Bank/Lake Forest, National Association
Lake Forest, Illinois
Northern Trust Bank/DuPage
Oakbrook Terrace, Illinois
- Branch @ 8501 W. Higgins Road
Chicago, Illinois
N p _ **
Branch
The Northern Trust Company
Chicago, Illinois
One Oakbrook Terrace
Oakbrook Terrace, Illinois*
N P _ **
Federal Reserve Bank o f Chicago
Section I - Applications Subject to Newspaper
Notice Only
Continued
Comment Period
Ending Date
T ype
Application
Branch
The Northern Trust Company
Chicago, Illinois
120 E. Scranton Avenue
Lake Bluff, Illinois*
jqp - **
Branch
The Northern Trust Company
Chicago, Illinois
1501 W oodfield Road
Schaumburg, Illinois*
jyjp _ **
Branch
The Northern Trust Company
Chicago, Illinois
265 Deerpath Road
Lake Forest, Illinois*
NP - **
Branch
The Northern Trust Company
Chicago, Illinois
400 E. Diehl Road
Naperville, Illinois*
jvjp - **
Branch
The Northern Trust Company
Chicago, Illinois
6401 N. Harlem Avenue
Chicago, Illinois*
_ **
Branch
The Northern Trust Company
Chicago, Illinois
701 S. McKinley
Lake Forest, Illinois*
NP - **
Branch
The Northern Trust Company
Chicago, Illinois
959 S. Waukegan Road
Lake Forest, Illinois*
N p _ **
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Continued
Comment Period
Ending Date
T y pe
Application
Branch
Baylake Bank
Sturgeon Bay, Wisconsin
Intersection of Voyager Drive & Huron Road
Green Bay, Wisconsin*
NP - 9-22-95
Branch
Baylake Bank
Sturgeon Bay, Wisconsin
2260 Bay Settlement Road
Green Bay, Wisconsin*
NP - 9-22-95
M erger/Branch
Byron Center State Bank
Byron Center, Michigan
Moline, Michigan Branch o f First o f
America Bank, N .A.
Grand Rapids, Michigan
- Branch @ 1221 Rosewood
Moline, Michigan
N P - **
M erger
Baylake Bank - Kewaunee
Kewaunee, Wisconsin
Baylake Bank
Sturgeon Bay, Wisconsin
N p . **
Branch
Hinsdale Bank & Trust Company
Hinsdale, Illinois
Grant & Chestnut Streets
Hinsdale, Illinois
NP - 10-10-95
Federal Reserve Bank o f Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Type
Application
Y -l
Naperville Bancorp, Inc.
Naperville, Illinois
The Naperville Bank
Naperville, Illinois*
FR - 9-15-95
NP - 9-19-95
Y -l
Pan American Bancshares, Inc.
Chicago, Illinois
Pan American Bank
Chicago, Illinois* (in organization)
FR - 9-21-95
NP - 9-9-95
Y-2
NBD Bancorp, Inc.
Detroit, Michigan
First Chicago Corporation
Chicago, Illinois
FCC National Bank
W ilmington, Delaware
American National Corporation
Chicago, Illinois
American National Bank and Trust Company
Chicago, Illinois*
FR - 9-29-95
NP - 9-22-95
Y-2
First Midwest Bancorp, Inc.
Naperville, Illinois
CF Bancorp, Inc.
Davenport, Iowa
Citizens Federal Savings Bank, FSB
Davenport, Iowa*
FR - 9-20-95
NP - 9-25-95
Y -l
Milton Bancshares, Inc.
M ilton, Wisconsin
Bank of Milton
Milton, Wisconsin*
FR - 9-28-95
NP - 9-29-95
Y -l
FSB Corp
Sublette, Illinois
Farmers State Bank of Sublette
Sublette, Illinois*
FR - 10-6-95
NP - 10-1-95
Federal Reserve Bank o f Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-2
Shorebank Corporation
Chicago, Illinois
Indecorp, Inc.
Chicago, Illinois
Independence Bank of Chicago
Chicago, Illinois
Drexel National Bank
Chicago, Illinois*
FR - 8-14-95
NP - 9-27-95
Y-2
First Chicago Corporation
Chicago, Illinois
NBD Bancorp, Inc.
Detroit, Michigan
NBD Illinois Inc.
Park Ridge, Illinois
NBD Indiana, Inc.
Indianapolis, Indiana
NBD Bank
Detroit, Michigan
NBD Bank
Wheaton, Illinois
NBD Bank
Columbus, Ohio
National Bank of Detroit-Dearbom
Dearborn, Michigan
NBD Bank, FSB
Venice, Florida
NBD Bank, N.A.
Skokie, Illinois
NBD Bank
Elkhart, Indiana
NBD Bank, N.A.
Indianapolis, Indiana
Deerfield Federal Savings & Loan Association
Deerfield, Illinois*
FR - 9-29-95
NP - 9-22-95
Federal Reserve Bank o f Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Continued
Comment Period
Ending Date
Type
Application
coc
Pinnacle Financial Services, Inc.
St. Joseph, Michigan
Cyrus A. Ansary
FR - 10-2-95
JyfP _ **
Y -l
Thumb Bancorp, Inc.
Pigeon, Michigan
Thumb National Bank & Trust Company
Pigeon, Michigan*
FR -10-25-95
NP -**
COC
ROS
Rigler Investment Co.
New Hampton, Iowa
Nancy A. Rigler
John P. Rigler
Robert P. Rigler
redeem 4,500 shares of stock
PR _**
NP _**
Federal Reserve Bank o f Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
lYRe
Application
4(c)(8)
NBD Bancorp, Inc.
Detroit, Michigan
Cash Station, Inc.
Chicago, Illinois
First Chicago Investment Corporation
Chicago, Illinois
First Chicago Capital Corporation
Chicago, Illinois
First Chicago Overseas Investment Corporation
Chicago, Illinois
ANB Mezzanine Corporation
Chicago, Illinois
First Chicago Leasing Corporation
Chicago, Illinois
First Chicago Realty Services Corporation
Chicago, Illinois
First Chicago Trust Company of New York
New 7 ? rk , New York
First Chicago Trust Company (Cayman) Ltd.
Guernsey, Cayman Islands
First Chicago Lease Holdings, Inc.
Chicago, Illinois
Palo Verde Leasing Corporation
Chicago, Illinois
G-W Life Insurance Company
Phoenix, Arizona
First Chicago Capital Markets, Inc.
Chicago, Illinois
FR - 9-29-95
4(c)(8)
First Midwest Bancorp, Inc.
Naperville, Illinois
CF Bancorp, Inc.
Davenport, Iowa
Citizens Federal Savings Bank, FSB
Davenport, Iowa
FR - 9-20-95
Federal Reserve Bank o f Chicago
Section III - Applications Subject to Federal Register
Notice Only
Continued
Type
Application
4(c)(8)
First Chicago Corporation
Chicago, Illinois
NBD Insurance Agency, Inc.
Detroit, Michigan
ML Inc.
Detroit, Michigan
BHC Financial, Inc.
Philadelphia, Pennsylvania
Charter Agency, Incorporated
Northfield, Illinois
Corporate Funding, Inc.
Grand Rapids, Michigan
FNW Capital, Inc.
Mount Prospect, Illinois
NBD Brokerage Services, Inc.
Indianapolis, Indiana
NBD Community Development Corporation
Detroit, Michigan
NBD Financial Services o f Michigan, Inc.
Traverse City, Michigan
NBD Insurance Company
Detroit, Michigan
NBD Leasing, Inc.
Indianapolis, Indiana
NBD Mortgage Company
Detroit, Michigan
NBD Neighborhood Revitalization Corporation
Indianapolis, Indiana
NBD Real Estate Services, Inc.
Indianapolis, Indiana
NBD Securities, Inc.
Detroit, Michigan
NBD Service Corporation
Belleville, Michigan
Comment Period
Ending Date
FR - 9-29-95
Federal Reserve Bank o f Chicago
Section III - Applications Subject to Federal Register
Notice Only
Continued
Comment Period
Ending Date
Type
Application
4(c)(8)
Pinancle Financial Services, Inc.
St. Joseph, Michigan
Maco Bancorp, Inc.
Merrillville, Indiana
First Federal Savings Bank of Indiana
Merrillville, Indiana
FR -10-2-95
4(c)(8)
WCN Bancorp, Inc.
Wisconsin Rapids, Wisconsin
Purchase up to $4,000,000 o f
loans from the Bank
FR -10-2-95
4(c)(8)
Carroll County Bancshares, Inc.
Carroll, Iowa
to own and operate a finance company
and engage in credit insurance activities
through its subsidiary, Carroll Credit, Inc.,
Carroll, Iowa
FR -10-4-95
4(c)(8)
ABN AMRO Bank N.V.
Amsterdam, Netherlands
ABN AMRO Holding N.V.
Amsterdam, Netherlands
Stichting Administratiekantoor ABN AMRO Holding
Amsterdam, Netherlands
Stichting Prioriteit ABN AMRO Holding
Amsterdam, Netherlands
to acquire indirectly 100% o f the outstanding
voting shares of Alfred Berg, Inc., New York,
New York and thereby engage in certain securities
underwriting and dealing activities.
FR -10-19-95
4(c)(8)
PSB Corporation
Wellsburg, Iowa
PSB Finance, Inc.
Wellsburg, Iowa
FR -10-2-95
Federal Reserve Bank o f Chicago
Section III - Applications Subject to Federal Register
Notice Only
Continued
Comment Period
Ending Date
Type
Application
4(c)(8)
Greatbanc, Inc.
Aurora, Illinois
Local Loan Company
Chicago Heights, Illinois
FR - 10-10-95
4(c)(8)
Whitney Corporation of Iowa
Atlantic, Iowa
to continue to purchase loan participations
FR - 10-10-95
Federal Reserve Bank o f Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper Notice
Type
Application
-None-
N - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
* * - Not available at this time
A V A I L A B I L I T Y OF C R A P U B L I C E V A L U A T I O N S
T h e f o l l o w i n g state m e m b e r ba n k s have b e e n e x a m i n e d b y the Federal Rese r v e
Bank of Chicago for compliance w i t h the CRA.
The 3 0 - d a y b u s i n e s s d a y p e r i o d
the bank has to make the evaluation p u b l i c has l a p s e d d u r i n g the w e e k en d i n g
S e p t e m b e r 22, 1995.
If you are i n t e r e s t e d in o b t a i n i n g a c o p y of the
e v a l u a t i o n document, p l e a s e contact the bank(s) directly.
I d e n t i f i c a t i o n of Rati n g s
O-An institution in this group has an o u t s t a n d i n g r e c o r d of, and is a leader
in,
a s c e r t a i n i n g a n d h e l p i n g to meet
the c r edit nee d s of its entire
delineated community, including low- a n d m o d e r a t e - i n c o m e n eighborhoods, in a
m a n n e r c o n s istent w i t h its resou r c e s and capabilities.
S-An institution in this group has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g and
h e l p i n g to meet the credit needs of its e n t i r e d e l i n e a t e d community,
including low- and moderate-income neighborhoods, in a mann e r c o n s i s t e n t w i t h
its r e s o u r c e s and capabilities.
N I - A n i n s t i t u t i o n in this g r o u p nee d s to i m prove its o verall r e c o r d of
a s c e r t a i n i n g and h e l p i n g to meet the credit needs of its 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 low- and m o d e r a t e - i n c o m e neigh b o r h o o d s , in a m a n n e r
c o n s i s t e n t w i t h its resou r c e s and capabilities.
SN-An i n s t i t u t i o n in this gro u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to meet the credit nee d s of its e n tire d e l i n e a t e d
community, i n c l u d i n g low- and m o d e r a t e - i n c o m e n e i g h b orhoods,
in a m a n n e r
co n s i s t e n t w i t h its resou r c e s and capabilities.
BANK NAME/LOCATION
-Citizens First State Ban k
of Walnut
105 N o r t h M a i n Street
P.O. Box 579
Walnut, Iowa
61376
(815) 3 79-2141
EXAMINATION DATE
6/05/95
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING SEPTEMBER 22, 1995
Application
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
*Section 3(a)(1) notification by Oakland Financial
Services, Inc., Oakland, Tennessee, to acquire
Oakland Deposit Bank, Oakland, Tennessee.
Application
10-5-95
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
*Section 3(a)(1) application by Community Bank
Shares of Indiana, Inc., New Albany, Indiana,
to acquire Heritage Bank of Southern Indiana,
Jeffersonville, Indiana (a de novo bank).
Newspaper: 10-21-95
*Section 4(c)(8) notification by Community Bank
Shares of Indiana, Inc., New Albany. Indiana,
to acquire (retain) Community Bank of Southern
Indiana, FSB, New Albany, Indiana.
Newspaper: 10-21-95
*Section 3(a)(3) application by Union Planters
Corporation, Memphis, Tennessee, to acquire First
Bancshares of Eastern Arkansas, Inc., West Memphis,
Arkansas.
Newspaper: 10-17-95
*Section 3(a)(3) application by Union Planters
Corporation, Memphis, Tennessee, to acquire First
Bancshares of N.E. Arkansas, Inc., Osceola, Arkansas.
Newspaper: 10-21-95
*Section 4(c)(8) notification by Old National
Bancorp. Evansville, Indiana, to acquire First
United Savings Bank, FSB, Bloomington, Indiana.
Newspaper: 10-6-95
*Section 3(a)(1) application by ASB Corporation,
Osceola, Arkansas, to acquire American State Bank,
Osceola, Arkansas.
Newspaper: 10-20-95
*Section 3(a)(1) application by First United Bancorp,
Inc., Madisonville. Kentucky, to acquire First United
Bank of Hopkins County, Inc., Madisonville, Kentucky
(a de novo bank)
Newspaper: 10-22-95
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Carlinville National
Bank Shares, Inc., Carlinville, Illinois, to acquire
Carlinville Tax Service, Carlinville, Illinois.
Not yet available
Section 4(c)(8) notification by Universal Bancorp,
Bloomfield, Indiana, to engage de novo in lending
and leasing activities through the acquisition of
Bloomfield and Precedent, LLC, Indianapolis,
Indiana (previously reported during week ending
9-15-95).
10-10-95
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
A d d !ication
End of Comment Period
None.
*This application is subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
Rocky Mountain Bank, Billings,
Montana, to establish ATM at
1610 Poly Drive, Billings, Montana
October 10, 1995
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Ending Date
Norwest Corporation, Minneapolis,
Minnesota, to acquire 100% of the voting
shares of AMFED Financial, Inc., Reno,
Nevada, and indirectly acquire American
Federal Savings Bank, Reno, Nevada*
October 10, 1995
(Federal Register)
Kari Torgerhagen, retroactive notice
to acquire control of 29.04% of Milan
Agency, Inc., Milan, Minnesota
October 20, 1995
(Federal Register)
Norwest Corporation, Minneapolis,
Minnesota, to acquire 100% of the voting
shares of Canton Bancshares, Inc., Canton, IL*
October 20, 1995
(Federal Register)
American Bank Shares, Inc., Rapid City,
South Dakota, to acquire 100% of the
voting shares American State Bank of
Rapid City, South Dakota*
October 20, 1995
(Federal Register)
Park Bank Corporation of Duluth,
Duluth, Minnesota, to acquire 100% of
the voting shares of Park State Bank,
Duluth, Minnesota*
October 17, 1995
(Newspaper)
★Subject to CRA
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, M issouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f m eeting 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
m eet the credit needs o f its entire delineated community, including lo w - and moderate-income
neighborhoods, in a m anner consistent w ith its resources and capabilities.
Satisfactory record o f m eeting com m unity credit needs
A n institution in this group has a satisfactory record o f ascertaining and helping to m eet the credit needs
o f its entire delineated community, including lo w - and m oderate- income neighborhoods, in a manner
consistent w ith its resources and capabilities.
Needs to im prove record o f m eeting com m unity credit needs
A n institution in this group needs to im prove its overall record o f ascertaining and helping to m eet the
credit needs o f its entire delineated com m unity, including lo w - and m oderate-income neighborhoods, in a
m anner consistent w ith its resources and capabilities.
Substantial noncompliance in m eeting com m unity credit needs
A n institution in this group has a substantially deficient record o f ascertaining and helping to m eet the
credit needs o f its entire delineated com m unity, including tow - and m oderate-incom e neighborhoods, in a
manner consistent w ith its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
None
September 22. 1995
Bank Address
Examination
Date
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Onlv
Application
Comment Period
Ending Date
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
'Federal Register Notice or Newspaper Notice
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending September 22, 1995
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low-and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
BANK(S) EXAMINED
NONE.
DATE OF EXAMINATION
CRA RATING
Federal Reserve Bank o f Kansas City
SE C T IO N I - A PPLIC A TIO N S SUBJECT TO N EW SPA PER N O T IC E ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
BancFirst, Oklahoma City, Oklahoma, for prior
approval to merge with Bank of Johnston County,
Tishomingo, Oklahoma.*
Not Available
n
SEC TIO N
- A PPLICA TIO N S SU B JEC T TO B O TH
N EW SPA PER AND FED ERA L R E G IST E R N O TIC E
APPLICATION
COMMENT PERIOD ENDING DATE
Pinnacle Bancorp, Inc., Central City, Nebraska, for
prior approval to acquire 100 percent of the voting
shares of State Bank, Palmer, Nebraska, and to
acquire an additional 5.3 percent, for a total of 11.5
percent o f the voting shares of The Farmers National
Bank of Central City, Central City, Nebraska.*
October 12, 1995
M etropolitan Bancshares, Inc., Aurora, Colorado, for
prior approval to become a bank holding company
through the acquisition of 100 percent of the voting
shares of Wally Bancorp, Inc., Parker, Colorado.*
October 20, 1995
Equity Bancshares, Inc., Mulhall, Oklahoma, for
prior approval to become a bank holding company
through the acquisition of 100 percent of the voting
shares o f Oklahoma State Bank, Mulhall, Oklahoma.*
October 20, 1995
Norcon Financial Corporation, Conway Springs,
Kansas, 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 Conway
Springs, Conway Springs, Kansas, and Farmers State
Bank of Norwich, Norwich, Kansas.*
October 20, 1995
W alter M. and Pearl M. Luehrman, Higginsville,
M issouri, for prior approval to increase thenownership interest from 24.39 percent to 26.34
percent of the voting shares of Higginsville
Bancshares, Inc., Higginsville, Missouri.
Not Available
Federal Reserve Bank o f Kansas City
Steven Bangert, Denver, Colorado and Howard Ross,
Chicago, Illinois, for prior approval to each acquire
an additional 2.463 percent of the voting shares of
Equitable Bankshares of Colorado, Denver, Colorado.
Not Available
First Community Bancshares, Inc., Kansas City,
Kansas, for prior approval to become a bank holding
company through the acquisition of 100 percent of the
voting shares of First Community Bank, Kansas City,
Kansas.*
Not Available
R. Banking Limited Partnership, Oklahoma City,
Oklahoma, for prior approval to acquire 48.68
percent o f the voting shares of BancFirst Corporation,
Oklahoma City, Oklahoma.*
Not Available
BancFirst Corporation, Oklahoma City, Oklahoma,
for prior approval to acquire 100 percent o f the
voting shares of Johnston County Bancshares, Inc.,
Tishomingo, Oklahoma.*
Not Available
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Higginsville Bancshares, inc., Higginsville, Missouri,
for prior approval to redeem 304 shares of their
voting common stock.
Not Available
Federal Reserve Bank o f Kansas City
SECTION V - AVAILABILITY OF CRA PUBLIC EQUATIONS
Identification of Ratings
In connection with the assessment of each insured depository institution’s CRA performance, a
rating is assigned from the following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and 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 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 of Belen
P.O . Box 105
Belen, New Mexico 87002
06/19/95
09/21/95
*Application is subject to CRA.
CRA
Rating
Outstanding
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 18, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
*Section 3(a)(1) application by
FSB Bancshares, Inc., Clute, TX, to acquire
FSB Bancshares of Delaware, Inc., Wilmington, DE,
and First State Bank, Clute, TX
(Previously reported during the week of 8-21-95)
♦Section 3(a)(1) application by
FSB Bancshares of Delaware, Inc., Wilmington, DE, to
acquire First State Bank, Clute, TX
(Previously reported during the week of 8-21-95)
♦Section 3(a)(3) application by
Caldwell Holding Company, Columbia, LA, to acquire
additional shares of Citizens Progressive Bank,
Columbia, LA
(Previously reported during the week of 8-21-95)
♦Section 3(a)(1) application by
CNB Bancshares of Victoria, Inc., Victoria, TX, to
acquire Citizens Bancorp of Delaware, Inc., Wilmington,
DE, and Citizens National Bank, Victoria, TX
(Previously reported during the week of 8-28-95)
♦Section 3(a)(1) application by
Citizens Bancorp of Delaware, Inc., Wilmington, DE,
to acquire Citizens National Bank, Victoria, TX
(Previously reported during the week of 8-28-95)
♦Section 3(a)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire United Commerce Bank of Highland Village,
National Association, Highland Village, TX
** NOTICE EXP
95/09/19
95/09/19
95/09/21
95/09/17
95/09/17
95/10/15
♦Section 3(a)(3) application by
First Bancorp, Inc., Denton, TX, to acquire United Commerce
Bank of Highland Village, National Association, Highland
Village, TX
95/10/15
♦Section 3(a)(3) application by
First Delaware Bancorp, Inc., Dover, DE, to acquire United
Commerce Bank of Highland Village, National Association,
Highland Village, TX
95/10/15
♦Section 3(a)(1) application by
Hillister Enterprises II, Inc., Beaumont, TX, to acquire
Umphrey II Family Limited Partnership, Beaumont, TX,
Southeast Texas Bancshares, Inc., Beaumont, TX, and
Community Bank, Beaumont, TX
N/A
♦Section 3(a)(1) application by
Umphrey II Family Limited Partnership, Beaumont, TX, to acquire
Southeast Texas Bancshares, Inc., Beaumont, TX, and Community
Bank, Beaumont, TX
N/A.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
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 18. 1995
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
Wellington State Bank
1000 8th St.
P.O. Box 1032
Wellington, TX 79095-1032
Date of
Examination
95/06/26
CRA Rating
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/22/95
Section I - Applications Subject to Newspaper Notice Only
A p p Iication
Comment Period Ending Date
Refiled: First Commerce Bancorp, Inc., Logan,
Utah, to become a bank holding company by
acquiring First Commerce Bank, Logan, Utah. *
Newspaper:
7/31/95
Humboldt Bancorp, Eureka, California, to become
a bank holding company by acquiring Humboldt
Bank, Eureka, California. *
Newspaper:
10/07/95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
U.S. Bancorp, Portland, Oregon, to acquire and
merge with West One Bancorp, Boise, Idaho, *
Newspaper:
Not available
Fed. Req.:
10/20/95
U.S. Bancorp, Portland, Oregon, to acquire an
option to purchase 19.9 percent of West One
Bancorp, Boise, Idaho. *
Newspaper:
Not available
Fed. Req.:
10/20/95
West One Bancorp, Boise, Idaho, to acquire an
option to purchase 19.9 percent of U.S. Bancorp
Portland, Oregon. *
Newspaper:
Not available
Fed. Req.:
10/20/95
BankWest Nevada Corporation, Las Vegas, Nevada,
to become a bank holding company by acquiring
BankWest of Nevada, Las Vegas, Nevada. *
Newspaper:
Not available
Fed. Req.:
Not available
Neighborhood Bancorp, San Diego, California, to
become a bank holding company by acquiring
Neighborhood Development Bank, N.A. (in
organization), San Diego, California. *
Newspaper:
Not available
Fed. Req.:
10/20/95
Sacramento Commercial Bancorp, Sacramento,
California, to become a bank holding company
by acquiring Sacramento Commercial Bank,
Sacramento, California. *
Newspaper:
10/15/95
Fed. Req.:
Not available
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t ’ d . )
Week ending 9/22/95
Section III -Applications Subject to Federal Register Only
U.S. Bancorp, Portland, Oregon, to acquire the
Fed. Reg.:
following nonbank subsidiaries of West One Bancorp,
Boise, Idaho: 1) West One Trust Co., Salt Lake City,
Utah; 2) West One Trust Company, Washington, Seattle,
Washington; 3) West One Life Insurance Co., Phoenix,
Arizona; 4) West One Financial Services, Inc., Boise,
Idaho; 5) Tracy Collins Mortgage Co., Salt Lake City,
Utah; 6) Ward Cook, Inc., Portland, Oregon; and 7)
West One Insurance Services, Inc., Boise, Idaho.
10/20/95
Wells Fargo & Company, San Francisco, California,
to install automated teller machines throughout the
State of Texas.
10/06/95
Fed. Rea.:
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t ’ d . )
Week ending 9/22/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending September 22, 1995. Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution
Location
West One Bank Idaho
101 S. Capitol Blvd.
Boise, Idaho 83733
(208) 383-7000
Examination Date
6/12/95
♦Under the rating system an institution’s CRA performance
following
four ratings:
Rating*
Outstanding
is assigned one of the
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 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- 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