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research library ANNOUNCEMENT H.2, 1992, No. 39 f$jpt$pns of the Board, its Staff, and Oct 13 IQ 03 BOARD OF GOVERNORS the Federal Reserve Banks; OF THE FtDcRALUL ‘(Applications and Reports Received the Week Ending September 26, 1992 FEDERAL RESERVE SYSTEM OF iDtt hep ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT First State Bancorp, Howell, New Jersey — written agreement dated September 16, 1992, with the Federal Reserve Bank of New York. Announced, September 21, 1992. Ken - Caryl Investment Company, Littleton, Colorado — written agreement dated September 10, 1992, with the Federal Reserve Bank of Kansas City. Announced, September 21, 1992. 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 San Francisco Bank of America Nevada, Las Vegas, Nevada — to establish a branch at 2224 South Nellis Boulevard. Approved, September 21, 1992. Chicago Bank of Burlington, Burlington, Wisconsin — to establish a branch at 249 North Milwaukee, Waterford, Wisconsin. Approved, September 25, 1992. Atlanta Barnett Bank of Highlands County, Sebring, Florida — to establish a remote service terminal at Lakeshore Mall, 901 U.S. 27 North. Approved, September 25, 1992. Richmond Centura Bank, Rocky Mount, North Carolina — establish four branches. Approved, September 24, 1992. Chicago Cole Taylor Bank, Chicago, Illinois — to establish offsite electronic facilities at 7500 South Pulaski Road, 1145 West Wilson Avenue, and 1900 West Van Buren. Approved, September 22, 1992. to H.2 SEPTEMBER 21, 1992 PAGE 2 TO SEPTEMBER 25, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Richmond First Virginia Bank, Falls Church, Virginia — to establish a branch at 13360 Franklin Farm Road, Herndon, Virginia. Approved, September 25, 1992. BANK HOLDING COMPANIES Atlanta ABC Bancorp, Moultrie, Georgia — to acquire Cairo Banking Company, Cairo, Georgia. Approved, September 25, 1992. Cleveland Banc One Corporation, Columbus, Ohio, and Banc One Colorado Corporation — to acquire Affiliated Bankshares of Colorado, Inc., Denver, Colorado, and its subsidiaries, Intermountain Bankshares of Colorado, Inc,; First Colorado Bankshares Insurance Company; and Affiliated Bankshares Insurance Agency, Inc. Approved, September 21, 1992. Chicago BW3 Bancorporation, West Des Moines, Iowa — to purchase certain assets and assume the deposit liabilities of the Pocahontas, Iowa, office of Midland Savings Bank, F.S.B., Des Moines, Iowa. Approved, September 25, 1992. Richmond Centura Banks, Inc., Rocky Mount, North Carolina — to acquire Orange Federal Savings and Loan Association, Chapel Hill, North Carolina. Approved, September 24, 1992. Richmond Centura Banks, Inc., Rocky Mount, North Carolina — to acquire Orange Interim Bank, Chapel Hill, North Carolina. Approved, September 24, 1992. Chicago Coal City Corporation, Coal City, Illinois — to acquire Manufacturers National Corporation, Chicago, Illinois, and Manufacturers Bank. Approved, September 25, 1992. H.2 SEPTEMBER 21, 1992 PAGE 3 TO SEPTEMBER 25, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary FirstBank Holding Company Employee Stock Ownership Plan, Lakewood, Colorado — to increase its ownership of FirstBank Holding Company of Colorado Approved, September 25, 1992. Chicago Heartland Bancorp, Inc., El Paso, Illinois — to acquire First National Bank and Trust Company in Gibson City, Gibson City, Illinois. Approved, September 23, 1992. Cleveland Mid Am, Inc., Bowling Green, Ohio — to merge The Citizens Loan and Building Company, Lima, Ohio, with The Farmers Banking Company, N.A., Lakeview, Ohio. Approved, September 25, 1992. Minneapolis Norwest Corporation, Minneapolis, Minnesota — acquire Am-Can Investment, Inc., Moorhead, Minnesota, and Moorhead State Bank. Approved, September 23, 1992. Minneapolis Otto Bremer Foundation and Bremer Financial Corporation, St. Paul, Minnesota — to engage in general insurance activities through the acquisition of certain assets of American States Insurance Company, Minneapolis, Minnesota. Approved, September 24, 1992. Richmond Signet Banking Corporation, Richmond, Virginia — provide commodity trading advice and foreign exchange services. Approved, September 23, 1992. Secretary SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of South Carolina, Inc., Charleston, South Carolina — to acquire Carolina Financial Corporation and Home Federal Savings Bank with the latter to merge with SouthTrust Bank of Charleston N .A . Approved, September 22, 1992. Dallas Western Bancshares, Inc., Van Horn, Texas — to acquire Coahoma State Bank, Coahoma, Texas. Approved, September 23, 1992. to to H. 2 SEPTEMBER 21, 1992 PAGE 4 TO SEPTEMBER 25, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Kansas City Belcaro Bank, Denver, Colorado ■— to merge with, and convert into branches, Denver Tec Bank and The Professional Bank, Englewood, Colorado. Withdrawn, September 24, 1992. Richmond Centura Bank, Rocky Mount, North Carolina — to merge with Orange Interim Bank, Chapel Hill, North Carolina. Approved, September 24, 1992. BANK PREMISES Richmond Centura Bank, Rocky Mount, North Carolina — investment bank premises. Approved, September 24, 1992. Chicago Clear Lake Bank & Trust Company, Clear Lake, Iowa — investment in bank premises. Approved, September 23, 1992. St. Louis First Bank of Arkansas, Russellville, Arkansas — investment in bank premises. Approved, September 25, 1992. Cleveland Ohio Citizens Bank, Toledo, Ohio — bank premises. Approved, September 22, 1992. Richmond St. Michaels Bank, St. Michaels, Maryland — investment in bank premises. Approved, September 23, 1992. Chicago State Bank of Freeport, Freeport, Illinois — investment in bank premises. Approved, September 25, 1992. investment in BANKS * STATE MEMBER New York Chemical Bank, New York, New York — exemption from reserve requirement for subordinated debt. Withdrawn, September 21, 1992. H.2 SEPTEMBER 21, 1992 PAGE 5 TO SEPTEMBER 25, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Charter Bancshares, Inc., Oklahoma City, Oklahoma — change in bank control. Permitted, September 25, 1992. St. Louis M&P Community Bancshares, Inc., Newport, Arkansas — change in bank control. Permitted, September 25, 1992. COMPETITIVE FACTORS REPORTS Chicago Commerce Bank, National Association, Peoria, Illinois, proposed merger with Amcore Bank National Association, Pekin, Illinois — report on competitive factors. Submitted, September 24, 1992. Dallas Compass Bank, Richardson, Texas, proposed merger with Conerstone Bank, National Association, Dallas, Texas — report on competitive factors. Submitted, September 21, 1992. Dallas First National Bank of Fabens, Fabens, Texas, proposed merger with Bank of Ysleta, El Paso, Texas — report on competitive factors. Submitted, September 21, 1992. Minneapolis FirstWest Bank, Glendive, Montana, proposed merger with Richey National Bank, Richey, Montana — report on competitive factors. Submitted, September 24, 1992. Dallas Jefferson State Bank, San Antonio, Texas, proposed merger with Leon Valley Bank — report on competitive factors. Submitted, September 24, 1992. Chicago Liberty Bank & Trust, N.A., Fonda, Iowa, proposed purchase of the assets and assumption of the deposit liabilities of the Pocahontas, Iowa, office of Midland Savings Bank, F.S.B., Des Moines, Iowa — report on competitive factors. Submitted, September 25, 1992. H.2 SEPTEMBER 21, 1992 PAGE 6 TO SEPTEMBER 25, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Union Planters National Bank, Memphis, Tennessee, proposed purchase of certain assets and assumption of certain liabilities of the Smyrna Branch of Volunteer State Bank, Portland, Tennessee — report on competitive factors. Submitted, September 21, 1992. EXTENSIONS OF TIME St. Louis First Banks, Inc., St. Louis, Missouri — extension to December 12, 1992, for First Bank of Illinois, 0 TFallon, Illinois, to acquire certain assets and assume certain liabilities of the Vandalia, Illinois, branch of First Bank, A Savings Bank, Clayton, Missouri. Granted, September 24, 1992. Atlanta Villages Bancorporation, Inc., Lady Lake, Florida — extension to January 2, 1993, to acquire First Bank of the Villages. Granted, September 22, 1992. San Francisco Wells Fargo & Company, San Francisco, California — extensions to divest certain properties. Granted, September 22, 1992. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Philadelphia — replacement project. Approved, September 25, 1992. roof RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of St. Louis — to implement a payor bank group sort at the Memphis Branch. Approved, September 25, 1992. H.2 SEPTEMBER 21, 1992 PAGE 7 ADDITIONS AND CORRECTIONS TO SEPTEMBER 25, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Cole-Taylor Financial Group, Inc., Wheeling, West Virginia — to acquire Centre Capital Funding Corp., Evanston, Illinois. Withdrawn, September 17, 1992. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Neil St. John Raymond, Newspaper 09-23-92 d/b/a Candlewood Associates - Change in Control Federal Register Not Yet Established Notification to acquire up to 68.2% of the outstanding common stock of First Ipswich Bancorp, Ipswich, Massachusetts SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet Financial Group, Inc., Providence, Rhode Island - 4 ( c ) (8) application to engage in asset management and Recovery Corporation, Boston, Massachusetts Federal Register SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA 10-08-92 SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS ♦♦Rating Definitions "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; SN" - Substantial Noncompliance. Institution Examination Date NONE Rating** Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ European American Bank, Uniondale, New York, to establish a branch at 15 Southdown Road, Huntington, New York.l/ 10/20/92 SECTION II Applications Subject to Both Newspaper and Federal Register Notice KeyCorp, Albany, New York, Key Pacific Bancorp, Anchorage, Alaska, and Key Bancshares of Washington, Inc., Seattle, Washington ("Key Bancshares") to acquire all of the outstanding common shares of Puget Sound Bancorp ("PSB"), and its bank and nonbank subsidiaries, by the merger of PSB with and into Key Bancshares.1/ 10/9/92 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Chemical Banking Corporation, New York, New York to engage indirectly in asset management activities through The CIT Group/Asset Management Inc., a wholly owned subsidiary of The CIT Group Holdings, Inc., a joint venture with The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan. 10/2/92 U.S. Trust Corporation, New York, New York, to engage de novo through U.S. Trust Company of New Jersey, West Windsor, New Jersey in activities that may be carried on by a trust company, including activities of a fudiciary, investment advisory, agency and custodial nature. SECTION IV Applications Not Involving ______ Public Comment______ None. 10/23/92 SECTION V A v a ila b ility o f CRA P u b lic E v a lu a tio n s In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending September 26. 1992 NAME OF BANK RATING EXAMINATION DATE Peapack-Gladstone Bank Main Street Box 178 Gladstone, NJ 07934 Outstanding April 13, 1992 Fleet Bank of New York (Formerly Norstar Bank of Upstate New York) Peter D. Kiernan Plaza Albany, NY 12207 Outstanding December 16, 1991 1/ / 3/ 2 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Commonwealth Bank, Williamsport, PA intends 1/ to establish a branch office office (loan servicing office) to be located at Ferguson Square, 2790 West College Ave., State College, PA. Expedited Procedure 10/14/92 Johnstown Bank & Trust Company. Johnstown, 1/ PA intends a establish a branch to be located at 500 Industrial Park Road, Johnstown, PA, pursuant to Section 9 of the FRA. (Expedited Procedures.) 10/24/92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Meridian Bancorp. Inc.. Reading, PA requests 1/ approval to acquire 100% of Meridian Bank, New Jersey, Cherry Hill, New Jersey (in organization), pursuant to Section 3(a)(3) of the BHCA. Newspaper comment period expires: Fed. Reg. comment period expires: 10/21/92 10/23/92 SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date CoreStates Financial Corp. Philadelphia, PA to acquire 31.01% voting shares and 100% of preferred stock of Electronic Payment Services, Inc., Wilmington, DE (in organization), in order to engage in data processing activities, pursuant to Section 225.25 (b)(7) of Reg.Y and Section 4(c)(8) of the Bank Holding Company Act. N/A* SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. FEDERAL RESERVE BANK OF PHILADELPHIA SECT IOH 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 25, 1992. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities• Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncostpliance 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 Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending September 26, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3 ( a ) (1) application from FC Banc Corp., Bucyrus, Ohio, on September 8, 1992, to acquire Farmers Citizens Bank, Bucyrus, O h i o . F: *October 9, 1992 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 ( c ) (8) application by Banc One Corporation, Columbus, Ohio; PNC Financial Corp, Pittsburgh, Pennsylvania; Society Corporation, Cleveland, Ohio; and CoreStates Financial Corp, Philadelphia, Pennsylvania, on September 21, 1992, to acquire Electronic Payment Services, Inc., Philadelphia, Pennsylvania. October 23, 1992 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request from Security Dollar Bank, Niles, Ohio, on September 21, 1992, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Rserve Act. * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. F e d e ra l R eserve Bank o f Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Citizens Bank and Trust Company, Blackstone, Virginia, to establish a branch on U. S. Route 460 West, Farmville, Virginia.* 10-23-92 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Southern National Corporation, Lumberton, North Carolina, to acquire FedFirst Bancshares, Inc., Winston-Salem, North Carolina.* 10-15-92 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date City Holding Company, Charleston, West Virginia, to engage de novo in providing back-up data processing services to nonaffiliated financial institutions.** 10-9-92 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Comment Period Ending Date None. ■^Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending September 25, 1992 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating 7-13-92 Satisfactory Farmers & Merchants Bank P. 0. Drawer F Timberville, Virginia 22853 7-13-92 Satisfactory Hallmark Bank & Trust Company 6810 Commerce Street Springfield, Virginia 22150 7-20-92 Satisfactory Virginia Heartland Bank 4700 Harrison Road Fredericksburg, Virginia 22404 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending September 25. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Royal Trustco Limited Toronto, Ontario, Canada Along with Royal Trust Bank, Zurich, Switzerland, to establish a representative office in Seattle, Washington. Not yet available* Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Pioneer Bankcorp Clewiston, Florida 1-BHC formation, First Bank of Clewiston, Clewiston, Florida. Not yet available* SunTrust Banks, Inc. Atlanta, Georgia Along with Trust Company of Georgia, Atlanta, Georgia, to acquire HomeTrust Bank of Georgia, Gainesville, Georgia. Not yet available* Swainsboro Bankshares, Inc. Swainsboro, Georgia An after-the-fact change in control by Elmer Lamar Anderson to retain 1.36 percent of the outstanding shares of common stock. The acquisition increased his total ownership to 10.85 percent. Not yet available* Guaranty Capital Corporation Mamou, Louisiana After-the-fact change in control notice by Allen Bruce Guillory to acquire an additional 1.15 percent of outstanding shares of common stock. The acquisition increased his total ownership to 10.85 percent. Not yet available* ♦Subject to Provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending September 25. 1992 Section 2 - Applications Subject to Both Newspaper and Federal Register Notice First Community Bancorp, Inc. Shelbyville, Tennessee 1-BHC formation, First Community Bank of Bedford County, Shelbyville, Tennessee. 10-11-92* Newspaper Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date First Commerce Bancorp, Inc. Commerce, Georgia To engage de novo in data processing activities, pursuant to Section 225.25(b)(7) of Regulation Y. Not yet available Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ♦Subject to Provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending September 25. 1992 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank Rating First Southern Bank Satisfactory 9955 West Glade Road Boca Raton, Florida 33434 (404) 479-2100 Date 06-15-92 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Tvoe Application Oakar Mid-Citco Incorporated Chicago, Illinois First Western Federal Savings Loan Association Oklahoma City, Oklahoma* Comment Period Ending Date N - 9-18-92 £ Oakar Heritage Financial Services, Inc. Tinley Park, Illinois First Chicago Bank for Savings, F.S.B. Frankfort, Illinois* N - ** Branches The Northern Trust Company Chicago, Illinois Anderson School, 1851 West Division Chicago, Illinois Von Humboldt School, 2620 West Hirsh Chicago, Illinois Pritzker School, 2009 West Schiller Chicago, Illinois* N - 9-30-92 EFT Cole Taylor Bank Chicago, Illinois Suburban Heights Medical Center 333 Dixie Highway Chicago Heights, Illinois* N - 10-19-92 EFT Cole Taylor Bank Chicago, Illinois Sam's Club, 9400 South Western Avenue Evergreen Park, Illinois* N - 10-19-92 Branch First of America Bank - Ann Arbor Ann Arbor, Michigan University of Michigan 530 S. State Street Ann Arbor, Michigan* N 9-24-92 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaoei Register Notice and Federal Comment Period Ending Date Type Application Y-2 Comerica Incorporated Detroit, Michigan Hibernia National Bank in Texas Dallas, Texas* FR - 9-14-92 N - 9-9-92 Y-l BOI Financial Corp. Normal, Illinois The Bank of Illinois in Normal Normal, Illinois* FR - 9-14-92 N - 10-12-92 Y-l Random Lake Bancorp., Limited Random Lake, Wisconsin State Bank of Random Lake Random Lake, Wisconsin* FR - ** N - 9-22-92 CoC-HC Metrocorp, Inc. East Moline, Illinois Metrocorp, Inc. Employee Stock Ownership Plan East Moline, Illinois FR - 9-21-92 N - ** Y-2 PSB Corporation Wellsburg, Iowa First National Bank of Stunner Sumner, Iowa* FR - 10-8-92 N - 10-3-92 Y-2 Peoples Mid-Illinois Corporation Bloomington, Illinois Lexington Bancshares, Inc. Lexington, Illinois Lexington Bank Lexington, Illinois* FR - 10-23-92 N - 10-5-92 Y-l PMI Acquisition Corporation Bloomington, Illinois Lexington Bank Lexington, Illinois* FR - 10-23-92 N - 10-5-92 Y-2 Heritage Financial Services, Inc. Blue Island, Illinois Alsip Bancorporation, Inc. Alsip, Illinois Alsip Bank and Trust Alsip, Illinois* FR _ 10-9-92 N - 10-9-92 Federal Reserve Bank of Chicago Type Section II - Applications Subject to Both Newspaper and Federal Register Notice (continued) Comment Period Application Ending Date Y-2 Seaway Bancshares, Inc. Chicago, Illinois Highland Community Company Chicago, Illinois Highland Community Bank Chicago, Illinois* Y-l Omnibank Corporation River Rouge, Michigan Omnibank River Rouge, Michigan* FR - 10-9-92 N - ** FR - 10-23-92 N - ** Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c) (8) Sullivan Bancshares, Inc. Sullivan, Illinois Engage in the purchasing of loan participations from its subsidiary, The First National Bank of Sullivan Sullivan, Illinois FR - ** Y-4 First Michigan Bank Corporation Holland, Michigan FMB-Brokerage Services, Inc. Holland, Michigan FR - ** Y-4 Story County Bancorporation Jewell, Iowa Viking Village Company, L.P. Jewell, Iowa FR - 10-23-92 4(c) (8) Prairieland Bancorp, Inc. FR - 10-2-92 Bushnell, Illinois Dunteman and Co. Bushnell, Illinois— engage in tax planning, preparation and recordkeeping Federal Reserve Bank of Chicago Section IV Type - Applications Not Subject to Federal Register or Newspaper Notice Application None N - Newspaper FR - Federal Register * — Subject to Provisions of Community Reinvestment Act ** - Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending September 25, 1992. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION -DeMotte State Bank 210 South Halleck Street P.O. Box 400 DeMotte, Indiana 46310 (219) 987-4141 EXAMINATION DATE 6/01/92 RATINGS S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING SEPTEMBER 25, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(3) application by Liberty National Bancorp, Inc., Louisville, Kentucky to acquire Financial Dominion of Kentucky Corporation, Radc1iff, Kentucky Newspaper: 10-25-92 * Section 3(a)(1) application by LNB Acquisition Corp, Louisville, Kentucky to acquire Financial Dominion of Kentucky Corporation, Radcliff, Kentucky Newspaper: 10-25-92 * Section 3(a)(5) application by Trans Financial Bancorp, Inc., Bowling Green, Kentucky to merge with Dawson Springs Bancorp, Inc., Maysville, Kentucky Newspaper: 10-26-92 Change in control notification involving Clin-Ark Bankshares, Inc., Clinton, Arkansas by the G. Robert Garner Family Trust and the Elinor M. Garner Family Trust Newspaper: 10-6-92 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by The Farmers and Merchants Bankshares, Inc., Stuttgart, Arkansas to engage de novo. in performing appraisals of real property Not yet available SECTION III (cont*<n Section 4(c)(8) notification by National Commerce Bancorporation, Memphis, Tennessee to engage de novo. indirectly through National Commerce Finance Company, Germantown, Tennessee in: making, acquiring or servicing consumer loans; the sale of credit life, disability and involuntary unemployment insurance in connection with extensions of credit by this company; and the sale of property insurance in accordance with Section 225.25(b)(8)(ii) of Regulation Y Not yet available Section 4(c)(8) notification by CBT Corporation, Paducah, Kentucky to engage de novo, indirectly through Fidelity Credit Corporation, Paducah, Kentucky, in the sale of property insurance in accordance with Section 225.25(b)(8)(ii) of Regulation Y * Section 4(c)(8) application by Union Planters Corporation, Memphis, Tennessee to acquire Security Trust Federal Savings and Loan Association, Knoxville, Tennessee 10-9-92 f 10-9-92 * Section 4(c)(8) application by Union Planters Corporation, Memphis, Tennessee to acquire SaveTrust Federal Savings Bank, Dyersburg, Tennessee 10-9-92 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None. * This application is subject to CRA. FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC D1iSMESSL JRES Identification o f Ratings: O utstanding reco rd 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 com m unity, including lo w - and m oderate-incom e neighborhoods, in a m anner consistent w ith its resources and capabilities. Satisfactory reco rd 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 low - and moderate- incom e neighborhoods, in a manner consistent w ith its resources and capabilities. Needs to im prove reco rd 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 comm unity, including low - and m oderate-incom e neighborhoods, in a m anner consistent w ith its resources and capabilities. S ubstantial noncom pliance 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 meet the credit needs o f its entire delineated com m unity, including low - and m oderate-incom e neighborhoods, in a m anner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank None September 25, 1992 Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Norwest Corporation Minneapolis, MN To acquire 100% of the voting shares of Rocky Mountain Bankshares, I n c ., Golden Valley, MN, through merger with Norwest Colorado, Inc.* 10-9-92 (Federal Register) Frandsen Financial Corporation Forest Lake, MN To acquire 100% of Citizens Bank of East Grand Forks, East Grand Forks, MN; 100% of First State Bank of Ada, Ada, MN; 100% of Nimrod Enterprises, Inc. Foley, MN, a one-bank holding company owning the State Bank of Foley, Foley, MN; and 100% of The Gilmanton Co., Gilman, MN, a one-bank holding company owning the First State Bank, Gilman, MN* 10-16-92 (Federal Register) Norwest Corporation M p l s , MN To acquire, via merger, Merchants & Miners Bancshares, Inc., Hibbing, MN, a one-bank holding company owning the Merchants & Miners State Bank, Hibbing, MN* Not yet available Minnesota Banc Holding Company Plymouth, MN To acquire 100% of Citizens State Bank of Montgomery, Montgomery, MN* 10-23-92 (Federal Register) ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Application West River Holding Company Hettinger, ND To acquire 100% of the West River State Bank, Hettinger, ND* Not yet available Franklin Bancorp, Inc. Mpls, MN To acquire 81% of Park Financial of St. Paul, Inc., St. Paul, MN, a one-bank holding company owning the St. Anthony Park State Bank, St. Paul, MN* Not yet available Norwest Corporation Mpls, MN To acquire 100% of the Lincoln Financial Corporation, Fort Wayne, IN* Not yet available John Schmid To increase his ownership interest from 23.9% to 33.2% of Grant County Bancorporation, Inc., Carson, ND Not yet available Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Norwest Corporation Not yet available Mpls, MN To engage in 1) general insurance agency activities through the acquisition of Shipshewana Insurance Agency, LaGrange, IN; 2) underwriting, as insurer and reinsurer, of credit life, accident and health insurance through the acquisition of Midwest Credit Life Insurance Company, Fort Wayne, IN; 3) mortgage banking activities through the acquisition of the mortgage servicing business presently conducted by the subsidiary banks of Lincoln Financial Corporation, Fort Wayne, IN; and 4) securities brokerage activities through the acquisition of the discount brokerage business operated by Lincoln National Bank and Trust Company of Fort Wayne, Fort Wayne, IN *Subj ect to CRA 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 25, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the foilowing groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. B A N K (S ) EXAMINED DATE OF EXAMINATION CRA RATING The Applications Bulletin for the week ending September 18, 1992, should have included the following: Root River State Bank 18 Third Street P. 0. Box 517 Chatfield, MN 55923 (507) 867-4120 June 22, 1992 Satisfactory Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Century Bank Sterling, Sterling, Colorado, for prior approval to establish a de novo branch at 530 Main Street, Fort Morgan, Colorado.* Not Available The Citizens National Bank & Trust Company, Torrington, Wyoming, for prior approval for membership in the Federal Reserve System. Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE CNB Financial Corporation, Kansas City, Kansas, for prior approval to acquire 14.11 percent of the voting shares of Security State Bank of Fort Scott, Fort Scott, Kansas.* Not Available Fourth Financial Corporation, Wichita, Kansas, for prior approval to acquire 100 percent of the voting shares of The Fourth National Bank of Tulsa, Tulsa, Oklahoma, through a merger with its parent, Fourth National Corporation, Tulsa, Oklahoma.* Not Available United Missouri Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 100 percent of the voting shares of Overland Park Bancshares, Inc., Overland Park, Kansas.* Not Available United Missouri Bancshares, Inc., Kansas City, Missouri, for prior approval to increase its ownership of the voting shares of CNB Financial Corporation, Kansas City, Missouri, to 9.81 percent.* Not Available Federal Reserve Bank of Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Fourth Financial Corporation, Wichita, Kansas, for prior approval to acquire Fourth National Corporation's three nonbanking subsidiaries, Fourth Mortgage & Investment Company, Fourth Investment Advisors, Inc., and Roe & Cochran, Inc., all located in Tulsa, Oklahoma. COMMENT PERIOD ENDING DATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Greeley Bancshares, Inc., Greeley, Kansas, for prior approval to redeem 2,943 shares of its own voting common stock. Not Available SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its Federal Reserve Bank of Kansas City Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date Union State Bank P.0. Box 518 Clay Center, Kansas CRA Public Date CRA Rating 6-22-92 9-23-92 Outstanding First State Bank & Trust 116 West 6th Larned, Kansas 67550-3044 7-06-92 9-23-92 Satisfactory Citizens Bank P.O. Box 888 Lawton, Oklahoma 6-29-92 9-24-92 Outstanding 67432-0518 73502-0888 *Application is subject to CRA FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 21, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Garland Max Poynor, Jacksboro, TX, to acquire an interest in First Jacksboro Bancshares, Inc., Jacksboro, TX ♦Section 3(a)(3) application by American Capital Corporation, Katy, TX, to acquire Gulf Coast Bancshares, Inc., Alvin, TX, and First National Bank of Alvin, Alvin, TX N/A 92/10/19 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF SEPTEMBER 21. 1992 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 lowand 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 thecredit 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 thecredit 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 Bank of Van Zandt P. 0. Box 929 401 E. Hwy. 243 Canton, TX 75103 92/06/22 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 9/25/92 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 Application Comment Period Ending Date Chang Hwi Kim, Palos Verdes, California, to retroactively acquire 10.98 percent of California Center Bank, Los Angeles, California. Newspaper: Not available Fed. Rea.: 10/19/92 Rosa Leong, Los Angeles, California, to increase ownership from 24.9 percent up to 98 percent of Wilshire Center Bancorp, Los Angeles, California. Newspaper: Not available Fed. Rea.: 10/16/92 Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Grupo Financiero Bacomer S.A. de C.V., Bancomer, S.A., Bancomer Holding Company (Antilles) N.V., Bancomer Holding Company (Netherlands) B.V., and Bancomer Holding Company, to engage de novo in receiving money for transmission abroad, buying and selling foreign currency, check cashing and issuing and selling U.S. and foreign currency money orders with a face value of $1,000 or less through Bancomer Transfer Services, Inc., Los Angeles, California. Fed. Reg.: Not yet published Redwood Empire Bancorp, Santa Rosa, California, to acquire Lake Savings and Loan Association, Lakeport, California, which will be merged into Allied Savings Bank, F.S.B., Santa Rosa, California. Fed. Reg.: The Sakura Bank, Limited, Tokyo, Japan, to Fed. Reg.: engage in futures commission merchant activities and to provide investment advice and options on futures throught the acquisition of 60 percent of Dellsher Investment Company, Inc., Chicago, Illinois.* * Subject to CRA 10/23/92 Not available FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.) Weok ending 9/25/92 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending September 25, 1992. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location The Vintage Bank 1500 Soscol Avenue Napa, CA 94558-9959 Tel: (707) 257-8585 * Examination Date 6/15/92 Rating* Satisfactory * Under the rating system an institution’s CRA performance is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncomoliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities.