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ANNOUNCEMENT B O A R D OF G O V E R N O R S OF THE F E D E R A L R E S E R V E S Y STEM H.2, 1991, No. 39 A c t i o n s of the Board, its Staff, and the F ederal R e s e r v e Banks; A p p l i c a t i o n s and R e p o r t s R e c e i v e d D u r i n g the W e e k E n d i n g S e p t e m b e r 28, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS The government securities market — statement by Governor Mullins before the Subcommittee on Oversight of the House Committee on Ways and Means, September 26, 1991. Published, September 26, 1991. Mergers among U.S. banking organizations — statement by Governor LaWare before the House Committee on Banking, Finance and Urban Affairs, September 24, 1991. Published, September 24, 1991. Supervision and rescue of financial institutions: the U.S. experience — statement by Governor Kelley before the Governors of Central Banks of the American Continent, Santiago, Chile, October 5, 1991 . Authorized, September 6, 1991. BANK HOLDING COMPANIES NCNB Corporation, Charlotte, North Carolina, application to acquire C&S Sovran Corporation, Atlanta, Georgia, and Norfolk, Virginia — public meetings to be held in Richmond, Virginia on October 7, 1991; Dallas, Texas on October 8, 1991; Atlanta, Georgia, on October 9, 1991; and Charlotte, North Carolina, on' October 9, 1991. Announced, September 25, 1991. Synovus Financial Corp., Columbus, Georgia, and TB&C Bancshares — to engage in underwriting and dealing in municipal revenue bonds, to act as agent in the private placement of all types of securities, and to buy and sell all types of securities on the order of investors as a "riskless principal" through Synovus Securities. Approved, September 23, 1991. H 2 SEPTEMBER 23, 1991 PAGE 2 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT BCCI Holdings (Luxembourg) S.A., Luxembourg, and Bank of Credit and Commerce International S.A. — notice of assessement of a civil money penalty against Kemal Shoaib. Authorized, September 23, 1991. Collinsville Bancorp, Collinsville, Oklahoma, and William S. Flanagan, Jr., President, written agreement dated September 12, 1991, with the Federal Reserve Bank of Kansas City. Announced, September 26, 1991. First Exchange Corp., Cape Girardeau, Missouri, First Exchange Bank of Cape Girardeau; Jackson Exchange Bank and Trust Company, Jackson; First Exchange Bank of Madison County; Fredericktown; the First Exchange Bank of St. Louis, St. Louis; and the First Exchange Bank of North St. Louis County, Florissant, Missouri — cease and desist orders. Authorized, September 23, 1991-. Glenwood State Bank, Glenwood, Iowa — orders of assessment of a civil money penalty against the bank and John C. Dean. Authorized, September 23, 1991. REGULATIONS AND POLICIES Use of testers to detect mortgage lending discrimination — rejection of recommendation of Consumer Advisory Council. Approved, September 25, 1991. RESERVE BANK OPERATIONS Financial Accounting Standards Board (FASB) Statement 106 — Employers9 Accounting for Postretirement Benefits Other Than Pensions — to be implemented effective January 1, 1993. Approved, September 25, 1991. H 2 SEPTEMBER 23, 1991 PAGE TO SEPTEMBER 27, 1991 3 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Crestar Bank, Richmond, Virginia — to establish a branch in the Battlefield Shopping Center, Edwards Ferry Road and U.S. Route 15 Bypass, Leesburg, Virginia. Approved, September 25, 1991. Chicago First of America Bank - Northern Michigan, Traverse City, Michigan — to relocate main office to 901 South Garfield, and to establish a branch at 701 Randolph Street. Approved, September 25, 1991. Chicago Hawkeye Bank & Trust of Des Moines, Des Moines, Iowa — to relocate branch to 4045 Merle Hay Road, from 5700 Hickman Road. Approved, September 23, 1991. Chicago Hawkeye Bank & Trust of Des Moines, Des Moines — to establish a branch at 1660 22nd Street, West Des Moines, Iowa. Approved, September 23, 1991. New York Norstar Bank of Upstate NY, Albany, New York — to establish a branch at 1450 Broadway, New York, New York. Approved, September 24, 1991. San Francisco Silicon Valley Bank, San Jose, California — to establish a branch in the vicinity of Lusk Boulevard, and Mira Mesa Boulevard, San Diego, California. Returned, September 27, 1991. New York United Jersey Bank, Hackensack, New Jersey — establish a branch at 55 Challenger Road, Ridgefield Park, New Jersey. Approved, September 24, 1991. to BANK HOLDING COMPANIES Chicago Associated Banc - Corp., Green Bay, Wisconsin — acquire Farmers State Bank, Pound, Wisconsin. Approved, September 23, 1991. to Cleveland Banc One Corporation, Columbus, Ohio — to acquire Marine Corporation, Springfield, Illinois. Approved, September 26, 1991. H .2 SEPTEMBER 23, 1991 PAGE 4 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Bankers Corp., Perth Amboy, New Jersey — proposal that Bankers Savings purchase the assets and assume the liabilities of Bankers Interim Federal Savings Bank, which was formed to acquire certain assets and assume certain liabilities of Mainstay Federal Savings, FSB, Red Bank, New Jersey. Approved, September 27, 1991. Atlanta Colonial BancGroup, Inc., Montgomery, Alabama — to establish Colonial Interim Federal Savings Bank, Andalusia, Alabama, which was formed to acquire certain assets and assume certain liabilities of First Federal Savings and Loan Association of Andalusia. Approved, September 27, 1991. San Francisco Commercial Bancorp, Salem, Oregon — to acquire Farmers and Merchants Bank, Forest Grove, Oregon. Approved, September 27, 1991. San Francisco Dai - Ichi Kangyo Bank, Limited, Tokyo, Japan — to engage de novo in collecting accounts receivable through the CIT Group Holdings, Inc., New York, New York. Returned, September 23, 1991. Chicago First Chicago Corporation, Chicago, Illinois — to acquire First Chicago Federal Interim Savings Bank IV. Approved, September 27, 1991. Kansas City First Laurel Security Company, Laurel, Nebraska — to acquire First Osmond Corporation, Osmond, Nebraska. Approved, September 25, 1991 . Minneapolis First Manistique Corporation, Manistique, Michigan — to engage de novo in collecting overdue accounts and performing real estate appraisals through First Northern Services Company. Permitted, September 27, 1991. H .2 SEPTEMBER 23, 1991 PAGE 5 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Levy Bancorp, Ventura, California -- to establish Levy Interim FSLA, which was formed to acquire certain assets and assume certain liabilities of Santa Paula Savings and Loan Association. Approved, September 27, 1991. Chicago Mid Iowa, Inc., Panora, Iowa — to acquire Panora Savings and Loan Association, which was formed to purchase the assets and assume the liabilities of the Panora, Iowa, branch of the Home Federal Savings and Loan Association of Harlan, Harlan, Iowa. Approved, September 27, 1991. Kansas City Monroe Agency, Inc., Monroe, Nebraska -- to acquire Nebraskaland Insurance Agency, Genoa, Nebraska, and engage in insurance activities. Approved, September 25, 1991. Atlanta Parkway Bancorp, Inc., Fort Myers, Florida — acquire Parkway Bank. Approved, September 23, 1991. Richmond Signet Banking Corporation, Richmond, Virginia — to acquire Credit Systems Incorporated, St. Louis, Missouri. Approved, September 26, 1991. San Francisco Silicon Valley Bancshares, San Jose, California — to acquire MidCounty Bank & Trust Company, Norwood, Massachusetts. Returned, September 27, 1991. Minneapolis Sterling State Bank, Austin, Minnesota, proposed merger with London State Bank, London, Minnesota — report on competitive factors. Approved, September 23, 1991. to H .2 SEPTEMBER 23, 1991 PAGE 6 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York • Chicago Valley National Bancorp, Clifton, New Jersey — proposal that Valley National Bank, Passaic, New Jersey, purchase the assets and assume the liabilities of VNB Interim Four, FSA, Wayne, New Jersey, which was formed to acquire certain assets and assume certain liabilities of Nutley Savings Bank, SLA, Nutley, New Jersey. Approved, September 27, 1991. Viking Corporation, Omaha, Nebraska — to purchase the assets and assume the liabilities of Landmands Interim Federal Savings, Audubon, Iowa, which was formed to acquire the Audubon, Iowa, branch of Home Federal Savings and Loan Association of Harlan, Harlan, Iowa. Approved, September 27, 1991. BANK PREMISES Atlanta Central Bank of the Soqth, Birmingham, Alabama — investment in bank premises. Approved, September 27, 1991. Chicago First of America Bank ~ Northern Michigan, Traverse City, Michigan— investment in bank premises. Approved, September 25, 1991. Chicago Grant State Bank, Grant, Michigan — bank premises. Approvjed, September 23, 199- . Chicago Hawkeye Bank & Trust of Des Moines, Des Moines, Iowa — investments in bank premises. Approved, September 23, 1991. Cleveland WesBanco Bank Wheeling, Wheeling, West Virginia — investment in bank premises. Approved, September 25, 1991. investment in H .2 SEPTEMBER 23, 1991 PAGE 7 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Staff Director BS&R Commercial Bank, Delphos, Ohio — registration. Approved, September 24, 1991. transfer agent CAPITAL STOCK Chicago Independent Bank Corporation, Ionia, Michigan — redemption of shares. Approved, September 26, 1991. Chicago Lee Capital Corp., Fort Madison, Iowa -- redemption of shares. Approved, September 26, 1991. Chicago Missouri Valley Financial Services, Inc., Council Bluffs, Iowa — redemption of shares. Returned, September 24, 1991. Minneapolis Valley Bancshares, Inc., Grand Forks, North Dakota -redemption of shares. Approved, September 25, 1991. CHANGE IN BANK CONTROL Dallas Citizens Bancshares, Inc., Crosbyton, Texas -- change in bank control. Permitted, September 23, 1991. Kansas City Flagler Bankshares, Inc., Flagler, Colorado — in bank control. Permitted, September 24, 1991. Dallas Waskom Bancshares, Inc., Waskom, Texas — bank control. Permitted, September 24, 1991. change change in COMPETITIVE FACTORS REPORTS Dallas American Bank of Haltom City, Fort Worth, Texas, proposed merger with Riverbend Bank, National Association and American Bank of Commerce, Grapevine, Texas — report on competitive factors. Submitted, September 24, 1991. H .2 SEPTEMBER 23, 1991 PAGE 8 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Cabarrus Savings Bank, Inc., Concord, North Carolina, proposed merger with Carolina First Interim Savings Bank, Inc. — report on competitive factors. Submitted, September 26, 1991. Boston Compass Bank For Savings, New Bedford, Massachusetts, proposed purchase of certain assets and assumption of certain liabilities of the 59 South Main Street, Assonet, Massachusetts, branch of New Bedford Institution For Savings — report on competitive factors. Submitted, September 27, 1991. S t . Louis Empire Bank, Springfield, Missouri, proposed merger with Nixa Bank, Nixa, Missouri — report on competitive factors. Submitted, September 27, 1991. Chicago Farmers State Bank, Grafton, Iowa, proposed merger with Farmers Savings Bank, Joice, Iowa — report on competitive factors. Submitted, September 23, 1991. Richmond Fidelity Bank, Fuquay-Varina, North Carolina, proposed purchase of the assets and assumption of the liabilities of Fidelity Interim Savings and Loan Association, Oxford, North Carolina — report on competitive factors. Submitted, September 26, 1991. Atlanta First Alabama Bank, Montgomery, Alabama, proposed merger with St. Clair Federal Savings Bank, Pell City, Alabama — report on competitive factors. Submitted, September 23, 1991. Atlanta First Federal Savings Bank of Charlotte County, Punta Gorda, Florida, proposed purchase of certain assets and assumption of certain liabilities of the branch of BanFlorida, A Savings Bank, Naples, Florida, located at 500 North Indian Avenue, Englewood, Florida — report on competitive factors. Submitted, September 23, 1991. H .2 SEPTEMBER 23, 1991 PAGE 9 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First Northern Savings and Loan Association, Greeley, Colorado, proposed merger with Interim Federal Savings Bank — report on competitive factors. Submitted, September 23, 1991. Chicago First State Bank of Beardstown, Beardstown, Illinois, proposed merger with Beardstown State Bank — report on competitive factors. Submitted, September 23, 1991. Philadelphia Hansen Savings Bank, SLA, Hammonton, New Jersey, proposed merger with Hansen Savings Bank, Palm Beach, Florida — report on competitive factors. Submitted, September 23, 1991. Chicago Lake City Bank, Warsaw, Indiana, proposed purchase of the assets and assumption of the liabilities of the Argos, Indiana, and Bremen, Indiana, branches of NorCen Bank, Culver, Indiana — report on competitive factors. Submitted, September 26, 1991. Philadelphia Mid Penn Bank, Millersburg, Pennsylvania, proposed merger with Mid Penn Interim Bank — report on competitive factors. Submitted, September 27, 1991. Boston Quincy Savings Bank, Quincy, Massachusetts, proposed merger with Lincoln Trust Company, Hingham, Massachusetts — report on competitive factors. Submitted, September 27, 1991 . S t . Louis United Illinois Bank of Benton, Benton, Illinois, proposed merger with Peoples Bank of Marion, Marion, Illinois — report on competitive factors. Submitted, September 27, 1991. San Francisco West One Bancorp, Boise, Idaho, proposed acquisition of Washington Federal Savings Bank, Hillsboro, Oregon — report on competitive factors. Submitted, September 24, 1991. H .2 SEPTEMBER 23, 1991 PAGE 10 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Worthen National Bank of Batesville, Batesville, Arkansas, proposed purchase of the assets and assumption of the liabilities of the Ash Flat branch of Worthen National Bank of Arkansas, Little Rock, Arkansas — report on competitive factors. Submitted, September 27, 1991. EXTENSIONS OF TIME San Francisco First Interstate Bancorp, Los Angeles, California extensions to divest certain property. Granted, September 27, 1991. Chicago LSBancorp, Inc., La Salle, Illinois — extension to December 27, 1991, to acquire La Salle State Bank. Granted, September 24, 1991. Chicago Midlothian State Bank Employees Stock Ownership Trust, Midlothian, Illinois — extension to January 18, 1992, to acquire Midlothian State Bank. Granted, September 25, 1991. San Francisco Security Pacific Corporation, Los Angeles, California — extensions to divest certain property. Granted, September 24, 1991. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, September 25, 1991. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, September 26, 1991. H.2 SEPTEMBER 23, 1991 PAGE 11 ADDITIONS AND CORRECTIONS TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary Staff Director BS&R First Commercial Corporation* Little Rock* Arkansas - to acquire First Savers Oakar Thrift* F.A.* • Little Rock Arkansas* First Benton Thrift* F.A.* and First Conway Thrift* F.A.* which were formed to acquire the Geyer Springs* Park Hill* Indian Hills* Benton* and Conway branches of Savers Savings Association* FS&LA* Little Rock* Arkansas. Approved* September 20* 1991. First Commercial Corporation* Little Rock* Arkansas - proposal that First Commercial Bank* N.A.; Benton State Bank* Benton; Arkansas* and First National Bank of Conway* Conway* Arkansas* purchase the assets and assume the liabilities of First Savers Oakar Thrift* F.A.* First Benton Thrift* F.A.; and First Conway Thrift* F.A.* which were formed to acquire certain assets and assume deposit liabilities of the Geyer Springs* Park Hill* Indian Hills* Benton* and Conway branches of Savers Savings Association* FS&LA* Little Rock* Arkansas. Approved* September 20* 1991. H .2 ADDITIONS AND CORRECTIONS SEPTEMBER 23, 1991 PAGE 12 TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R Simmons First National Corporation, Pine Bluff, Arkansas — proposal that Simmons First National Bank purchase the assets and assume the liabilities of Pine Bluff Federal Savings and Loan Association, which was formed to acquire certain assets and assume deposit liabilities of the Pine Bluff Catalpa branch of Savers Savings Association, FS&LA, Little Rock, Arkansas. Approved, September 20, 1991. Secretary Simmons First National Corporation, Pine Bluff, Arkansas — to acquire Pine Bluff Federal Savings and Loan Association, which was formed to acquire the Pine Bluff Catalpa branch of Savers Savings Association, FS&LA, Little Rock, Arkansas. Approved, September 20, 1991. 0 Secretary Southern National Corporation, Lumberton, North Carolina — to acquire SNC Interim Federal Savings Bank, which was formed to acquire Southeastern Federal Savings Bank, Yadkinville, North Carolina. Approved, September 20, 1991. Staff Director BS&R Southern National Corporation, Lumberton, North Carolina — proposal that Southern National Bank of North Carolina purchase the assets and assume the liabilities of SNC Interim Federal Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of Southeastern Federal Savings Bank, Yadkinville, North Carolina. Approved, September 20, 1991. H.2 SEPTEMBER 23, 1991 PAGE 13 ADDITIONS AND CORRECTIONS TO SEPTEMBER 27, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco First Interstate Bancorp, Los Angeles, California — extension to December 25, 1991, to engage in asset management activities through FAES, Inc. Granted, September 20, 1991. Chicago Indiana United Bancorp, Greensburg, Indiana — extension to December 20, 1991, to acquire Regional Federal Bancorp, Inc., New Albany, Indiana, and to acquire Regional Federal Savings Bank. Granted, September 20, 1991. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I ~ APPLICATIONS SUBJECT TO N E W S P A P E R N O T I C E ONLY C o m m e n t P e r i o d E n d i n g Date Application NON E S E C T I O N II - A P P L I C A T I O N S S U BJECT T O BOT H N E W S P A P E R A N D F E DERAL R E G I S T E R N O T I C E Application C o m m e n t P e r i o d E n ding Date NONE S E CTION III - A P P L I C A T I O N S SU B J E C T TO FE D E R A L R E G I S T E R N O T I C E ONL Y Application C o m m e n t P e r i o d E n ding Date P eople's S avings Financial C o r p . , N e w Britain, C o n n e c t i c u t - 4(c)(8) a p p l i c a t i o n to r e t a i n a 9.3% interest in F e d e r a l Savings Bank, F.S.B. F ederal R e g i s t e r 10-17-91 S E CTION IV - A P P L I C A T I O N S N O T S U BJECT T O FEDERAL REGISTER OR NEWSPAPER NOTICE Application NON E S E C T I O N V - 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 iDfftitvtiQn Exanination Patf NON E Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Manufacturers Hanover Corporation, New York, New York to merge into Chemical Banking Corporation, New York, New York or, in the alternative, into CBC Sub Corporation; Manufacturers Hanover Trust Company, New York, New York to merge into Chemical Bank, New York, New York; Chemical Banking Corporation to acquire the nonbanking subsidiaries of Manufacturers Hanover Corporation.!/ 10/22/91 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ None. Availability of CRA Public Evaluations Week Ending September 28. 1991 NAME OF BANK EXAMINATION DATE None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act * N/A - not yet available. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS For week endina 9/20/91 Institutions Examination Date None. Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending September 28, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d a p p l i c a t i o n of September 16, 1991 from Banc One Corporation, Columbus, Ohi o to a c q u i r e First Illinois Corporation, Evanston, Illinois, p ursuant to Sections 3(a)(3) and 3(a)(5) of the Bank Hold i n g C o m p a n y Act. *F: O c t o b e r 17, 1991 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t from W e s B a n c o Bank Wheeling, Wheeling, W e s t Virginia, for p e r m i s s i o n to e x ceed its limit of investment in bank p r e m i s e s p e r m i t t e d u n d e r Section 24A of the Federal R e s e r v e Act. * N F # - Su b j e c t to CRA N e w s p a p e r C o mment Period F e deral R e g i s t e r Comment Period E x p e c t e d to end a p p r o x i m a t e l y 30 days from the date of receipt of the a p p l i c a t i o n Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date F & M Bank-Winchester, Winchester, Virginia, for membership in the Federal Reserve System.* 10-19-91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Fidelity BancShares (N.C.), Inc., Fuquay-Varina, North Carolina, to purchase certain assets and assume certain liabilities of Granville Federal Savings and Loan Association, Oxford, North Carolina. 10-11-91** Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending September 27, 1991 Examination Date F & M Bank-Central Virginia P. 0. Box 6096 Charlottesville, Virginia 22906 7-22-91 Princess Anne Commercial Bank 641 Lynnhaven Parkway Virginia Beach, Virginia 23450 7-31-91 F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n f o r W e e k E n d i n g S e p t e m b e r 27. 1991 Section 1 - A p p lications Subject to Newsp a p e r N o t i c e Only Appl i c a t i o n Comment Period Ending Date Sovran B a n k / Tennessee Nashville, T e nnessee To establish a remote full-service A T M to be known as Chattanooga State Technical Community College ATM, to be located at 4501 Amnicola Highway, Chattanooga, Tennessee. 10-13-91* Section 2 - Applications Subject To B o t h Newsp a p e r and Federal Register Not i c e A p p l ication Comment P e r i o d Ending Date C&S/Sovran Corporation, Atlanta, Not yet available* Georgia - To acquire NCNB Corporation, Charlotte, North Carolina, and thereby indirectly acquire its banking and nonbanking subsidiaries. Fairbanco H olding Company, Inc., Fairburn, Georgia - After - t h e - f a c t change in control by Madelina Longino Turner to retain 19.07 percent of the outstanding shares of common stock. United Bank Corporation, Barnesville, Georgia - To acquire United Bank of Griffin Georgia, a federal savings bank, which will be converted to a state nonmember bank. 10-05-91* N e w spaper 10-17-91* Federal Register First Financial Corporation, Mt. Juliet, Tennessee - 1-BHC formation, First Bank & Trust, Mt. Juliet, Tennessee. 10-07-91* Federal Register Pioneer Bancshares, Inc., Chattanooga, Tennessee - 1-BHC formation, Pioneer Bank, Chattanooga, Tennessee. 10-08-91* Federal Register ♦Subject to Provisions of Community Reinvestment Act. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g S e p t e m b e r 27. 1991 Section 3 - Applications Subject to Federal Register Notice O n l y Application Comment Period Ending D a t e First A l a b a m a Bancshares, Inc. Montgomery, Alabama To e s t a b l i s h Lake Federal Savings Bank, Pell City, Alabama, to acquire certain assets and assume certain liabilities of St. Clair Federal Savings Bank, Pell City, Alabama, pursuant to Section 4(c)(8) of the Bank Holding Company Act and the Oakar Amendment of FIRREA. 10-09-91* Evergreen Bancshares, Inc. Tallahassee, Florida To estab l i s h Evergreen Federal Interim Savings Bank, Tallahassee, Florida, to acquire c e rtain assets and assume certain liabilities of the Tallahassee, Florida branch of A n c h o r Savings Bank, FSB, Hewlett, N e w York, pursuant to Section 4(c)(8) of the Bank Holding Company Act and the Oak a r Amendment of FIRREA. 10-03-91* Section 4 - Applications Not Subject to Federal Register Notice or N e w s paper Notice Application None. Section 10 - Availability of CRA Public Evaluations* The CRA p u b l i c evaluations of the institutions listed bel o w b e c a m e available d u r i n g the week ending September 27, 1991. Inform a t i o n about an institution's CRA evaluation may be obtained directly fro m the institution. Bank Examination D a t e None. ♦Subject to Provisions of Community Reinv e s t m e n t Act. Federal Reserve Bank of Chicago Tjjpe Section I - Applications Subject to Newspaper Notice Only Comment Period E nding natf> Application EFT Marine Bank of Bloomington-Normal Bloomington, Illinois 1101 North Main Street Normal, Illinois* N - 10-15-91 Branch City Bank of Bloomington-Normal Bloomington, Illinois 1403-1405 S. Main Street Normal, Illinois* N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending natp> Tffie Application Y-l Great River Banshares Corporation Burlington, Iowa Burlington Bank and Trust Burlington, Icwa* CoC-HC Buckley Bancorp, Inc. FR - 10-17-91 Buckley, Illinois N - 9-19-91 Mary & Lloyd Lustfeldt; Double L Inc. and Double L Inc. Profit Sharing Trust Y-l First Beardstown Bancorp, Inc. Beardstown, Illinois First State Bank of Beardstown, Illinois Beardstown, Illinois* FR - 10-17-91 N - 9-20-91 Y-2 BW3 Bancorporation West Des Moines, Iowa W. D. K. Bancorporation West Des Moines, Iowa Liberty Bank & 1- ist Palmer, lews* FR - ** N - ** Y-l Rany Hammes Bancorp, Inc. South Bend, Indiana Peoples Bank Marycrest Bradley, Illinois* Y-2 First Evergreen Corporation Evergreen Park, Illinois Oak Lawn Trust & Savings Bank Oak lawn,.Illinois* FR - 10-7-91 N - 10-4-91 FR - ** N - ** FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Heritage Financial Services, Inc. Blue Island, Illinois Country Club Bancorporation, Inc. Country Club Hills, Illinois 1st Heritage Bank Country Club Hills, Illinois* FR - ** N - ** Y-2 Ohnward Bancshares, Inc. Maquoketa, Iowa Baldwin Savings Bank Baldwin, Iowa* FR - ** N - 10-21-91 Y-2 First Citizens Financial Corp. Charles City, Icwa Alta Vista Bancshares, Inc. Alta Vista, Iowa Alta Vista State Bank Alta Vista, Iowa* Y-2 Y-2 Granville Bancshares, Inc. Granville, Illinois The Whaples and Farmers State Bank Neponset, Illinois* Van Diest Investment Company Ankeny, Iowa (formerly Ankeny Investment Company) The Altoona State Bank Altoona, Iowa* FR - ** N - ** FR - ** N - ** FR - ** N - ** Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Hate Type Application 4(c)(8) Alpha Financial Group, Inc. HI - 9-21-91 Minonk, Illinois Dace Insurance Agency Toluca, Illinois - to acquire the assets and continue to engage in insurance agency activities 4(c)(8) Alpha Financial Group, Inc. FR - 9-21-91 Minonk, Illinois Bab Bockler Insurance Agency Washburn, Illinois - to acquire the assets and continue to engage in insurance agency activities Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Application Comment Period Ending nate Y-4 ABN AMRO Bank N.V. Amsterdam, Netherland Talman Heme Federal Savings and Loan Association Chicago, Illinois FR - ** Y-4 ABN AMRO North America, Inc. Chicago, Illinois Talman Home Federal Savings and Loan Association Chicago, Illinois FR - ** Y-4 ABN/AMRO Holding N.V. Amsterdam, Netherland Talman Home Federal Savings and Loan Association Chicago, Illinois FR - ** Y-4 Stichting Administratiekantoor ABN/AMRO Holding Amsterdam, Netherland Talman Heme Federal Savings and Loan Association Chicago, Illinois FR - ** Y-4 Stichting Prioriteit ABN/AMRO Holding Amsterdam, Netherland Talman Home Federal Savings and Loan Association Chicago, Illinois FR - ** 4(c)(8) Capital Directions, Inc. Mason, Michigan Mbnex Financial Services, Inc. Mason, Michigan - engage in tax planning and tax preparation FR - ** Y-4 Marine Corporation Springfield, Illinois Taylorville Branch of Chanpion Federal Savings and Loan Association Taylorville, Illinois FR - 10-17-91 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Type Application 4(c)(8) Mahaska Investment Company Oskaloosa, Icwa Engage in making and servicing loans Comment Period Ending Date FR - ** Section IV - Applications Not Subject to Perioral Register or Newspaper Notice Type Application Rd S Buckley Bancorp, Inc. Buckley, Illinois lb Redeem 380 shares of common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following 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 27, 1991. BANK NAME/LOCATION EXAMINATION DATE -Capac State Savings Bank 206 North Main Street Capac, Michigan 49090 6/17/91 -Hawkeye Bank & Trust of Des Moines 431 East Locust Des Moines, Iowa 50309 6/24/91 -The Fairmount State Bank 101 North Main Street Fairmount, Indiana 46928 6/24/91 -State Bank of Arthur 411 South Vine Arthur, Illinois 61911 6/24/91 -The First Commercial Bank 6945 North Clark Street Chicago, Illinois 60626 7/01/91 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING SEPTEMBER 27, 1991 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 Change in control notification involving Sharon Bancshares, Inc., Sharon, Tennessee by the following, acting in concert: John C. Clark; Frances S. Clark; William E. Liggett; James E. Porter; Jack H. Porter; R.D. Robinson; Robinson and Belew Partners, Sharon, Tennessee; R. Van Swaim; Michael G. Swaim; Medicare Rentals and Service, Inc., Martin, Tennessee; and Pharmaceutical Services, Inc., Martin, Tennessee Not yet available Change in control notification involving First M & F Corporation, Kosciusko, Mississippi by Hugh S. Potts, Jr. Not yet available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period None. Federal Reserve Bank of St. Louis FOR THE WEEK ENDING September 27, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name United Missouri Bank of Paris Bank Address 301 North Main Paris, Missouri Examination Date 6-24-91 65275 FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only C o m m entPeriod Ending Dat e Ap p l i c a t i o n First S ecurity Bank of Missoula Missoula, M T To estab l i s h a de novo branch in M i s soula* 10-7-91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application He n n i n g Bancshares, Inc. Henning, MN To a c quire 100% of Battle Lake Bancshares, I n c . , Battle Lake, MN, a obhc owning the First National Bank, Battle Lake, MN* Comment P e r i o d Ending Date 10-9-91 (Federal Register) Haugo Bancshares, Inc. Elk Point, SD To acquire 100% of Haugo Investment Company, Sioux Falls, SD, a obhc owning V a lley Bank, Elk Point, SD* 10-12-91 (Newspaper) Garwin McNeilus, Denzil McNeilus and McN e i l u s Financial, Inc. To acquire control of 37.75%; 37.75% and 24.5%, respectively, of Mower Agency, Inc., Austin, MN Not yet available * Subject to CRA F E D E R A L R E S E R V E BA N K OF M I N N E A P O L I S Section III - Applications Subject to Federal Register Notice O nly Comment Period Ending Date Applic a t i o n Norwest Corporation Minneapolis, MN To engage in insurance agency activities through the a c q u i s i tion of MIG Insurance Brokers, Inc., Minneapolis, MN 10-4-91* Haugo Bancshares, Inc. Elk Point, SD To engage in general insurance agency activities in a community w i t h a population not exceeding 5,000 through the acquisition of Vall e y Insurance Agency. 10-12-91 Section IV - Applications Not S u bject to Federal Register Notice or Newspaper No t i c e A pplication None. ♦Corrected Comment Period Date FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending September 27, 1991 Bank Name / C i t y / S t a t e Examination Date State Bank of Terry Terry, Montana July 9, 1991 Telephone # (406) 637-5591 Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE J. Douglas & Barbara R. Lasater, Beaver, Oklahoma, to retain ownership in Beaver Bancorp, Inc., Oklahoma City, Oklahoma, of 29.5 percent; Larry E. & Leta Mikles, Turpin, Oklahoma, to retain ownership of 29.5 percent; and Charles & Karen Weber, Beaver, Oklahoma, to retain ownership of 29.6 percent. Not A v a i l a b l e Barrett L. L. James, Omaha, Nebraska; M. Allison James, Chicago, Illinois; and Lawrence R. James II, Omaha, Nebraska, for prior approval to each increase their ownership of American Interstate Bancshares, Inc., Omaha, Nebraska, from 6.3 percent to 33.33 percent. Not A v ailable Morrill Bancshares, Inc., Sabetha, Kansas, for prior approval to increase its percentage ownership of Morrill & Janes Bancshares, Inc., Hiawatha, Kansas, by 3.42 percent to 32.35 percent.* Not Ava i l a b l e Mr. & Mrs, G. W. Lowry, Jr,; George Wheeler Lowry Trust; and Lacy Leigh Lowry Trust, Clinton, Oklahoma, for prior approval to increase their ownership interest in Oklahoma Bancorporation, Inc., Clinton, Oklahoma, from 27.05 percent to 27.76 percent. Not Ava i l a b l e Federal Reserve Bank o f Kansas City F i r s t C o m m u n i t y B a n k s h a r e s , Inc., F o r t M o r g a n , C o l o r a d o , for p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g s h a r e s of the F i r s t o f B u r l i n g t o n Agency, Burlington, Colorado.* Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL R EGISTER NO T I C E ONLY COMMENT APPLICATION PERIOD ENDING L o w r y F a c i l i t i e s , Inc., C l i n t o n , O k l a h o m a , f o r p r i o r a p p r o v a l to e n g a g e in l e n d i n g a c t i v i t i e s . Not Available U n i o n S a v i n g s B a n c s h a r e s , Inc., S e d a l i a , M i s s o u r i , for p r i o r a p p r o v a l to a c q u i r e 1 0 0 p e r c e n t of the v o t i n g sha r e s of S e d a l i a Computer Services, Inc., Sedalia, Missouri. Not Available DATE SECTION IV - APPLICATIONS NOT SDBJECT TO FEDERAL R EGISTER N O T I C E OR NEWSPAPER NOTICE APPLICATION A m e r i c a n I n t e r s t a t e B a n c s h a r e s , Inc., O m a h a , N e b r a s k a , for p r i o r a p p r o v a l to r e d e e m 1 0 , 0 0 0 s h a r e s of C l a s s A v o t i n g c o m m o n stock and 1,826 s h a r e s of p r e f e r r e d stock. Not Available S e c u r i t y B a n k of Colorado, Denver, C o l o r a d o , f o r p r i o r a p p r o v a l for m e m b e r s h i p in t h e F e d e r a l R e s e r v e System. Not Available M o r r i l l & J a n e s B a n c s h a r e s , Inc., H i a w a t h a , K a n s a s , for p r i o r a p p r o v a l to r e d e e m 1 0 . 5 8 p e r c e n t of its o u t s t a n d i n g v o t i n g stock. Not Available SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS EXAMINATION BANK/LOCATION None. *Application is subject to CRA. DATE FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 23, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP *$ection 9 application received from First State Bank of Mineral Wells, Mineral Wells, TX, to establish a branch at 402 E. Hubbard, Mineral Wells, TX 09/17/91 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ^Section 3(a)(1) application by Flatonia Bancshares, Inc., Flatonia, TX, to acquire Flatonia State Bank, Flatonia, IX, and Flatonia Bancshares-Delaware, Inc., Wilmington, DE 10/21/91 *Section 3(a)(1) application by Flatonia Bancshares-Delaware, Inc., Wilmington, DE, to acquire Flatonia State Bank, Flatonia, TX 10/21/91 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. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE MEEK OF SEPTEMBER 23, 1991 Bank Lorena State Bank P. 0. Box 577 Lorena, Texas 76655* Date of Examination 06/24/91 * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 9/27/91 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 Robert V. Pauley, Santa Rosa, California, to increase his ownership from 5.61 up to 13.31 percent of Northern Empire Bancshares, Santa Rosa, California. Newspaper: 10/17/91 Melvin F. and Laura T. Bowler, St. George, Utah, to retroactively retain 10.23 percent of First Bankshares, Inc., St. George, Utah. Newspaper: Not available BankAmerica Corporation, San Francisco, to acquire Valley Capital Corporation, Las Vegas, Nevada. * Newspaper: 10/18/91 Nevada First Development Corporation, San Francisco, California, to merge with Valley Capital Corporation, Las Vegas, Nevada. * Newspaper: 10/18/91 Fed. Req.: 10/03/91 Fed. Req.: 10/07/91 Fed. Req.: Not yet published Fed. Req.: Not yet published Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t'd ) Week ending 9/27/91 Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location Humboldt Bank 701 Fifth Street Eureka, CA 95502 Tel: (707) 445-3233 * Subject to CRA Examination Date 7/08/91
@FedFRASER