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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, NO. 39 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending September 28, 1996 ACTIONS TAKEN BY THE BOARO OF GOVERNORS ADVISORY COUNCILS Consumer Advisory Council. Convened, September 24, 1996. Thrift Institutions Advisory Council. Convened, September 27, 1996. BANK HOLDING COMPANIES National Westminster Bank Pic, London, England - - t o acquire Greenwich Capital Holdings, Inc., Greenwich, Connecticut, and engage in nonbanking activities. Permitted, September 23, 1996. INTERNATIONAL OPERATIONS Bankers Trust International, pic, London, England - to become a member of The London Clearing House Limited after it reorganizes from a non-mutual guarantee clearing house to a mutual guarantee clearing house and to continue to act as a futures commission merchant. Approved, September 25, 1996. Chase Manhattan International Ltd., London, England - to become a member of The London Clearing House Limited after it reorganizes from a non-mutual guarantee cle w i n g house to a mutual guarantee clearing house and to engage in futures commission merchant activities and engage in executing without clearing and clearing without executing futures and options on futures contracts. Granted, September 25, 1996. Citifutures, Ltd., London, England - - t o become a member of the London Clearing House Limited after it reorganizes from a non-mutual guarantee clearing house to a mutual guarantee clearing house and to continue to act as a futures commission merchant. Approved, September 25, 1996. J.P. Morgan Securities Ltd., London, England - - t o become a member of the London Clearing House Limited after it reorganizes from a non-mutual guarantee c lewing house to a mutual guarantee clearing house mnd to continue to act as a futures commission merchant. Approved, September 25, 1996. H.2 SEPTEMBER 23, 1996 PAGE 2 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Atlanta AmSouth Bank of Tennessee, Chattanooga, Tennessee -to establish a branch at 2814 West End Avenue, Nashville, Tennessee. Approved, September 25, 1996. Atlanta AmSouth Bank of Tennessee, Chattanooga, Tennessee -to establish branches at 2227 Gallatin Road, Nashville, Tennessee, and 1304 Murfreesboro Road, Franklin, Tennessee. Approved, September 27, 1996. New York Chase Manhattan Bank, New York, New York - - t o establish an offsite electronic facility on the premises of Warner Brothers, One East 57th Street, New York, New York. Approved, September 23, 1996. Chicago Cole Taylor Bank, Chicago, Illinois - - t o establish a branch at the southwest corner of Skokie Boulevard and Golf Road, Skokie, Illinois. Approved, September 27, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish a branch at Tops Markets Inc., D&L Plaza, 5175 Broadway, Depew, New York. Approved, September 23, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish a branch in the Glen Arden Life Care Retirement Community, 214 Harriman Drive, Goshen, New York. Approved, September 23, 1996. New York Manufacturers and Traders Trust Company, Buffalo, New York - - t o establish a branch at Tops Markets Inc., Walmart-Tops Plaza, 5827 South Transit Road, Lockport, New York. Approved, September 23, 1996. H.2 SEPTEMBER 23, 1996 PAGE 3 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago Midwest Bank and Trust Company, Elmwood Park, Illinois -- to establish an EFT facility at 550 Mannheim Road, Hillside, Illinois. Approved, September 26, 1996. Chicago NAB Bank, Chicago, Illinois - - t o establish a branch at 250 West Cermak Road. Approved, September 27, 1996. Kansas City Pinnacle Bank, Papillion, Nebraska -- to establish a branch at 13131 West Dodge, Omaha, Nebraska. Approved, September 23, 1996. Secretary Signet Bank, Richmond, Virginia -- to establish a branch at 2500 Pennsylvania Avenue, Baltimore, Maryland. Approved, September 26, 1996. New York Summit Bank, Hackensack, New Jersey - - t o establish a branch at the Pathmark Supermarket, 115 Belmont Avenue, Belleville, New Jersey. Approved, September 27, 1996. Secretary SunTrust Bank, Atlanta, Georgia - - t o establish a branch at the Publix Supermarket at 130 Peachtree East Shopping Center, Peachtree City, Georgia. Approved, September 27, 1996. Dallas Texas State Bank, McAllen, Texas - - t o establish a branch at 5022 South McColl Road, Edinburg, Texas. Approved, September 24, 1996. BANK HOLDING COMPANIES Chicago Banque Indosuez, Paris, France -- notification of intent to engage in acting as a Futures Commission Merchant and providing advisory, execution, and clearance services through Indosuez Carr Futures, Inc., Chicago, Illinois. Permitted, September 26, 1996. H.2 SEPTEMBER 23, 1996 PAGE 9 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Banque Indosuez, Paris, France -- notification of intent to engage in trust company activities through Breen Trust Company, Houston, Texas. Permitted, September 26, 1996. Boston Boston Financial Data Services, Inc., Quincy, Massachusetts, and National Financial Data Services, Inc., Kansas City, Missouri - - t o engage in securities brokerage activities. Approved, September 26, 1996. GC Brickyard Bancorp, Inc., Chicago, Illinois -- request that Carol Pumphrey serve on board of directors of Brickyard while also serving as a management official of First National Bank of Northbrook, Northbrook, Illinois. Granted, September 24, 1996. Chicago Brickyard Bancorp, Inc., Chicago, Illinois -- to acquire Sysco Financial, Inc., Lincolnwood, Illinois, and Brickyard Bank. Approved, September 25, 1996. Chicago Caisse National de Credit Agricole S.A., Paris, France -- notification of intent to engage in trust company activities through Breen Trust Company, Houston, Texas. Permitted, September 26, 1996. Chicago Caisse Nationale de Credit Agricole S.A., Paris, France -- notification of intent to indirectly retain Indosuez Carr Futures, Inc., Chicago, Illinois, and Daniel Green & Company, LP, Houston, Texas, through Banque Indosuez, Paris, France; and to act as Futures Commission Merchant and provide related investment advisory services. Permitted, September 26, 1996. H.2 SEPTEMBER 23, 1996 PAGE 5 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Caisse Nationale de Credit Agricole S.A., Paris, France -- notification of intent to engage in acting as a Futures Commission Merchant and providing advisory, execution, and clearance services through Indosuez Carr Futures, Inc., Chicago, Illinois. Permitted, September 26, 1996. Richmond Carolina Fincorp, Inc., Rockingham, North Carolina -to acquire Richmond Savings Bank, SSB. Approved, September 24, 1996. Kansas City CB Holding Co., Edmond, Oklahoma -- to acquire shares of P.N.B. Financial Corporation, Kingfisher, Oklahoma, and City National Bancshares of Weatherford, Inc., Weatherford, Oklahoma. Approved, September 26, 1996. Minneapolis Citizens Development Company, Billings, Montana -- to engage de novo in data processing activities. Permitted, September 24, 1996. New York Cooperative Centrale Raiffeisen - Boerenleenbank B.A. Rabobank Nederland, Utrecht, the Netherlands - - t o indirectly acquire an interest in Agricredit Acceptance LLC, Des Moines, Iowa; and engage in lending, leasing, data processing, and credit and finance insurance activities through De Lage Landen Finance, Inc., New York, New York. Approved, September 27, 1996. Philadelphia CoreStates Financial Corporation, Philadelphia, Pennsylvania - - t o engage de novo in underwriting and dealing in government securities through CoreStates Securities Corp. Permitted, September 26, 1996. Atlanta Deposit Guaranty Corporation, Jackson, Mississippi, and Deposit Guaranty Louisiana Corporation, Shreveport, Louisiana -- request for waiver of application to acquire Tuscaloosa Bancshares, Inc., Denham Springs, Louisiana, and Tuscaloosa Commerce Bank. Granted, September 26, 1996. H.2 SEPTEMBER 23, 1996 PAGE 6 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis Farmers Capital Bank Corporation, Frankfort, Kentucky - - t o engage de novo in providing data processing services for unaffiliated banks through FCB Services. Permitted, September 24, 1996. Chicago First American Bank Corporation, Elk Grove Village, Illinois -- to acquire shares of Oak Park River Forest Bankshares, Inc., Oak Park, Illinois, and Community Bank of Oak Park River Forest. Approved, September 23, 1996. Atlanta First Bankshares of West Point Inc., West Point, Georgia - - t o merge with Canebrake Bancshares, Inc., Uniontown, Alabama, and to acquire First State Bank of Uniontown. Approved, September 27, 1996. Richmond Highland County Bankshares, Inc., Monterey, Virginia - - t o acquire First and Citizens Bank. Approved, September 26, 1996. Chicago I.S.B. Financial Corp, Oak Forest, Illinois - - t o engage de novo in lending activities. Permitted, September 24, 1996. Chicago Kerhoff L.P., Red Oak, Iowa -- to retain shares of Southwest Financial Group of Iowa, Inc., and to indirectly acquire Houghton State Bank. Approved, September 25, 1996. Dallas Mainbancorp, Inc., Austin, Texas -- to acquire Maincorp Intermediate Holding Company, Wilmington, Delaware; ROSB Bancorp, Inc., Red Oak, Texas; and Mainbank. Returned, September 26, 1996. Dallas Maincorp Intermediate Holding Company, Inc., Wilmington, Delaware - - t o acquire ROSB Bancorp, Inc., Red Oak, Texas, and Mainbank. Returned, September 26, 1996. H.2 SEPTEMBER 23, 1996 PAGE 7 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Director, BS&R Meridian Bancorp, Inc., Reading, Pennsylvania -registration as transfer agent. Withdrawn, September 23, 1996. San Francisco Mid-Peninsula Bancorp, Palo Alto, California -- to merge with Cupertino National Bancorp, Cupertino, California, and indirectly acquire Cupertino National Bank & Trust. Approved, September 25, 1996. St. Louis Mountain Bancshares, Inc., Yellville, Arkansas -notification of intent to engage de novo in tax planning and preparation activities through the Bank of Yellville Financial Services, Yellville, Arkansas. Permitted, September 24, 1996. St. Louis National Commerce Bancorporation, Memphis, Tennessee -- to acquire Kenesaw Leasing, Inc., Knoxville, Tennessee. Approved, September 26, 1996. Chicago Stichting Administratiekantoor ABN AMRO Holding, Amsterdam, the Netherlands; Stichting Prioriteit ABN AMRO Holding; ABN AMRO Bank N.V.; ABN AMRO Holding N.V.; and ABN AMRO North America, Inc., Chicago, Illinois -- to acquire CNBC Bancorp, Inc., and indirectly acquire Columbia National Bank of Chicago, Columbia Financial Services, Inc., CNBC Development Corporation, CNBC Investment Corporation, CNBC Leasing Corporation, Sky Finance Company, and Sky Mortgage Company, Chicago, Illinois. Approved, September 26, 1996. Chicago Stichting Administratiekantoor ABN AMRO Holding, Amsterdam, the Netherlands; Stichting Prioriteit ABN AMRO Holding; ABN AMRO Bank N.V.; ABN AMRO Holding N.V.; and ABN AMRO North America, Inc., Chicago, Illinois -- to acquire Heigl Mortgage and Financial Corporation, Bloomington, Minnesota, and engage in lending activities. Approved, September 26, 1996. H .2 SEPTEMBER 23, 1996 PAGE 8 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Taylor Bancshares, Inc., North Mankato, Minnesota -to acquire shares of First National Bank of Fairfax, Fairfax, Minnesota. Approved, September 26, 1996. BANK MERGERS Richmond Crestar Bank DC, Vienna, Virginia - - t o merge with Crestar Bank, Richmond, Virginia, and Crestar Bank MD, Bethesda, Maryland, and to establish branches. Approved, September 26, 1996. Richmond Crestar Bank MD, Bethesda, Maryland - - t o merge with Crestar Bank FSB, Baltimore, Maryland, and to establish branches. Approved, September 25, 1996. BANK PREMISES Chicago NAB Bank, Chicago, Illinois -- investment in bank premises. Approved, September 25, 1996. BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS Director, BS&R Meridian Trust Company, Reading, Pennsylvania registration as transfer agent. Withdrawn, September 23, 1996. CHANGE IN BANK CONTROL Richmond Chesapeake Bancorp, Chestertown, Maryland -- change in bank control. Permitted, September 25, 1996. Dallas Commercial Bancshares, Inc., Houston, Texas -- change in bank control. Permitted, September 26, 1996. Dallas Franklin National Bankshares, Inc., Mount Vernon, Texas -- change in bank control. Permitted, September 27, 1996. H.2 SEPTEMBER 23, 1996 PAGE 9 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL St. Louis Peoples Commerce Corporation, North Carrollton, Mississippi -- change in bank control. Permitted, September 26, 1996. Minneapolis Shell Lake Bancorp, Inc., Shell Lake, Wisconsin -change in bank control. Permitted, September 27, 1996. COMPETITIVE FACTORS REPORTS Cleveland Commerce National Bank, Worthington, Ohio, proposed merger with Commerce National Interim Bank -report on competitive factors. Submitted, September 24, 1996. San Francisco Commerce National Bank, City of Commerce, California, proposed acquisition of certain assets and assumption of certain liabilities of the South Spring Street, Los Angeles, branch of Banco Popular De Puerto Rico, San Juan, Puerto Rico -- report on competitive factors. Submitted, September 25, 1996. Cleveland Delaware County Bank and Trust, Delaware, Ohio, proposed merger with Delaware Interim Bank -report on competitive factors. Submitted, September 24, 1996. Dallas Eisenhower National Bank, San Antonio, Texas, proposed acquisition of certain assets and assumption of certain liabilities of the Killeen, Texas, branch of Bank of America, Texas, N.A., Irving, Texas -- report on competitive factors. Submitted, September 24, 1996. Richmond First National Bank of Maryland, Baltimore, Maryland, proposed merger with the First National Bank of Maryland, D.C., Washington, D.C. -- report on competitive factors. Submitted, September 26, 1996. H. 2 SEPTEMBER 23, 1996 PAGE 10 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas First State Bank, National Association, Odessa Texas, and Western National Bank, Lubbock, Texas, proposed merger with First State Bank, National Association, Abilene, Texas -- report on competitive factors. Submitted, September 25, 1996. Dallas First State Bank, Keene, Texas, proposed acquisition of the assets and assumption of the liabilities of Itasca State Bank, Itasca, Texas -- report on compet it ive factors. Submitted, September 26, 1996. Cleveland NorthSide Bank, Pittsburgh, Pennsylvania, proposed acquisition of certain assets and assumption of the liabilities of branches of First Home Savings Bank, FSB, at 701 Liberty Avenue, and 20444 R t . 19 North, Cranberry Township, Pennsylvania -- report on competitive factors. Submitted, September 23, 1996. Philadelphia Omega Bank, National Association, State College, Pennsylvania, proposed merger with Montour Bank, Danville, Pennsylvania -- report on competitive factors. Submitted, September 25, 1996. Kansas City Peoples National Bank, Monument, Colorado, proposed merger with Colorado Springs Savings & Loan, Colorado Springs, Colorado -- report on competitive factors. Submitted, September 23, 1996. Dallas Provident Acquisition Corporation, Garland, Texas, proposed merger with Provident Bank, Dallas, Texas -- report on competitive factors. Submitted, September 23, 1996. New York Ramapo Bank, Wayne, New Jersey, proposed acquisition of certain assets and assumption of the liabilities of the Kinnelon, New Jersey, branch of Hudson United Bank, Union City, New Jersey -- report on competitive factors. Submitted, September 25, 1996. H.2 SEPTEMBER 23, 1996 PAGE 11 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Redlands Federal Bank, Redlands, California, proposed acquisition of certain assets and assumption of certain liabilities of Secure Savings Bank, FSB, Fontana, California -- report on competitive factors. Submitted, September 25, 1996. San Francisco Watsonville Federal Savings and Loan Association, Watsonville, California, proposed acquisition of certain assets and assumption of certain liabilities of two branches of Fremont Investment and Loan, Anaheim, California -- report on competitive factors. Submitted, September 25, 1996. Cleveland Wesbanco Bank Fairmont, Inc., Fairmont, West Virginia, proposed merger with the National Bank of West Virginia, Morgantown, West Virginia -- report on competitive factors. Submitted, September 23, 1996. EXTENSIONS OF TIME Cleveland F.N.B. Corporation, Hermitage, Pennsylvania -extension to January 31, 1997, to consummate its acquisition of Southwest Banks, Inc., Naples, Florida. Granted, September 24, 1996. Dallas First La Grange Bancshares, Inc., La Grange, Texas extension to December 20, 1996, to acquire LGF Bancshares, Inc., Dover, Delaware, and the First National Bank of La Grange, La Grange, Texas. Granted, September 25, 1996. Richmond First Union Corporation, Charlotte, North Carolina; NationsBank Corporation; Southern National Corporation, Winston-Salem, North Carolina; and Wachovia Corporation -- extension to December 25, 1996, to acquire more than five percent of the voting securities of Education Financing Services, LLC. Granted, September 25, 1996. H. 2 SEPTEMBER 23, 1996 PAGE 12 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Horizon Bancorp Employee Stock Ownership Plan, Michigan City, Indiana -- extension to December 14 1996, to acquire shares of Horizon Bancorp and First Citizens Bank, N .A . Granted, September 24, 1996. Dallas LGF Bancshares, Inc., Dover, Delaware -- extension t December 20, 1996, to acquire the First National Bank of La Grange, La Grange, Texas. Granted, September 25, 1996. Chicago Southwest Financial Group of Iowa, Red Oak, Iowa extension to December 26, 1996, to engage de novo in lending activities. Granted, September 24, 1996. Dallas Texas Financial Bancorporation, Inc., Minneapolis, Minnesota -- extension to December 20, 1996, to acquire Community Bank of Arizona, Wickenburg, Arizona. Granted, September 24, 1996. REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee -- minutes of the meeting on August 20, 1996. Published, September 27, 1996. Director, C&CA Regulation B -- revisions to the official staff commentary to provide guidance on credit scoring, spousal signature rules, and other issues (Docket R-091Q). Approved, September 27, 1996. H.2 ADDITIONS AND CORRECTIONS SEPTEMBER 23, 1996 PAGE 13 TO SEPTEMBER 27, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Philadelphia Fulton Financial Corporation, Lancaster, Pennsylvania -- to engage in community development activities. Approved, September 20, 1996. 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 NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Bank of Boston Corporation, Federal Register Boston, MA - Section 20 notice to engage in underwriting and dealing in debt and equity securities through BancBoston Securities, Inc. 10-09-96 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK Comment Period Ending Date SECTION I Applications Subject to Newspaper _____ Notice Only_____ The Industrial and Commercial Bank o f China, Beijing, People’s Republic o f China to convert its application to establish a branch in New York, N ew York, into an application to establish a representative office in New York, N ew York. NA Sudwestdeutsche Landesbank Girozentrale, Stuttgart and Mannheim, State o f Baden-Wurttemberg, Germany, to establish a branch in New York, N ew York. NA Housing and Commercial Bank, Seoul, Korea, to establish a branch in New York, N ew York. NA Swiss Bank Corporation, Basle, Switzerland, to establish a branch in Stamford, Connecticut. NA SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (subject to Federal Register Notice Only 1 None. SECTION IV Applications Not Involving Public Comment None. SECTION V Availability of CRA Public Evaluations In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record o f meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with resources and capabilities. Satisfactory record o f meeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. W eek Ending September 28.1996 NAME OF BANK RATING None. 1/ Subject to provisions o f Community Reinvestment Act. 2/ Later o f dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N /A - Not Available EXAMINATION DATE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION H - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Prime Newco. Inc.. Philadelphia, PA, pursuant to Sections 3 and 4 o f the Bank Holding Company Act, to become a bank holding company through its acquisition o f First Sterling Bancorp, Inc., Devon, PA and engage in nonbanking activities through Prime Bank, 6435 Rising Sun Avenue, Philadelphia, PA and Prime Abstract, Inc., 6833 Castor Avenue, Philadelphia, PA. Newspaper comment period expires: Federal Register comment period expires: N/Avail 10/18/96 SECTION m - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEW SPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for GRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending September 27, 1996. Identification of Ratings In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record o f meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating NONE NONE NONE APPLICATIONS BULLETIN (For the week ending Septem ber 28, 1996) SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY Received Section 3(a)(1) notification from Commonwealth Commercial Corporation, Crittenden, Kentucky, on September 23, 1996, to acquire The Bank o f Crittenden, Crittenden, Kentucky. October 10, 1996 SECTION II - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period ft - Expected to End 30 Days from Date o f Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (September 27, 1996) The following state member banks have been examined by the Federal Reserve Bank o f Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended September 27, 1996. If you are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: a bank in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Virginia Financial Corporation, Staunton, Virginia, to become a bank holding company through the acquisition of 100% of the voting shares of Planters Bank & Trust Company of Virginia, Staunton, Virginia.* 10-20-96 Centura Bank, Rocky Mount, North Carolina, to establish a branch at 2300 Arendell Street, Morehead City, North Carolina.* 10-21-96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date City Holding Company, Charleston, West Virginia, to acquire The Old National Bank of Huntington, Huntington, West Virginia.* 10-20-96 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 Section V - Availability of CRA Public Evaluations Week ending September 27, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this g Ceroup has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial 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 None. Rating Federal Reserve Bank of Atlanta Applications Bulletin for Week-Ending September 27. 19.96. Section l - Applications Subject .to Ne.yaB.aper Notice Only A p p lica tio n Comment P e r i o d En d in g D a te A l i a n t Bank 10 -2 1-9 6 * A l e x a n d e r C i t y , Alabama To merge w i t h Elmore C o u n ty Bank, Wetumpka, Alabam a, p u r s u a n t t o S e c t i o n th e F ed eral D e p o sit Insurance A c t . A l i a n t Bank A l e x a n d e r C i t y , Alabama To merge w i t h F i r s t Montgomery Bank, Montgomery, 18(c) o f th e F ed eral D e p o sit Insurance A c t . 18(c) of 10 -2 1-9 6 * Alabam a, pursuant to Compass Bank 10 -13 -9 6 * B i rmingham, Alabama To e s t a b l i s h a b r a n c h l o c a t e d a t 810 Highway 84 West P y p a s s , E n t e r p r i s e , t o be known a s t h e E n t e r p r i s e B ra n c h . S e c tio n Ala bam a, S u n T r u s t Bank, Tampa B ay 10 -13 -9 6 * Tampa, F l o r i d a To e s t a b l i s h a b r a n c h l o c a t e d a t t h e c o r n e r o f B ru ce B. Downs B o u l e v a r d H u n t e r ' s Lake D r i v e , Tampa, F l o r i d a , t o be known a s H u n t e r ' s G re en O f f i c e . S u n T r u s t Bank, Tampa B ay Tampa, F l o r i d a To e s t a b l i s h a b r a n c h l o c a t e d a t 7650 C o u r t n e y Cam p bell Tampa, F l o r i d a , t o known a s t h e R o c k y P o i n t O f f i c e . F i r s t Bank & T r u s t Company o f T e n n e s s e e Johnson C i t y , T e n n e s s e e To e s t a b l i s h a b r a n c h l o c a t e d a t 13 1 4 V o l u n t e e r Parkway, and 10 -13 -9 6 * C ausew ay, S u ite 110, 10 -0 1-9 6 * B risto l, Tennessee. S.5 c t i on _2 _ -_ A p p l. i c a t.io ng - S u b j e q£__to. Bot h Newspap e r_.and Fe, d g r a l _ R e g i s t e r N o t i c e Comment., Per i ocLEnd i n g Date. A p p lic a tio n Community B a n c s h a r e s o f M i s s i s s i p p i , I n c . 10 -11-9 6 * F o rest, M is s is s ip p i Newspaper Change i n c o n t r o l n o t i c e b y Mr. Thomas Wayne C o l b e r t , Ms. Ann Brand C o l b e r t , and Mr. Thomas Wayne C o l b e r t , J r . t o c o l l e c t i v e l y a c q u i r e an a d d i t i o n a l 1 7 . 6 2 p e r c e n t o f t h e o u t s t a n d i n g s h a r e s o f Community B a n c s h a r e s o f M i s s i s s i p p i , I n c . , F o r e s t , M iss is s ip p i. T o t a l o w n e r s h ip w i l l e q u a l 4 2 . 6 1 p e r c e n t . S e c tio n 3 - Appl i c a t i o n s A p p lic a tio n S u b ject to Feder a l R e g i s t e r O n ly Comment P e r i o d E n d in g,.D ate P i o n e e r B an k c o rp , I n c . Not y e t a v a i l a b l e C lew isto n , F lo r id a To e n g a g e de novo i n community d e v e lo p m e n t a c t i v i t i e s d e s i g n e d p r i m a r i l y t o prom ote community w e l f a r e , p u r s u a n t t o S e c t i o n 4 ( c ) (8) o f t h e Bank H o l d i n g Company A c t and S e c t i o n 2 2 5 . 2 5 (b) (6) o f R e g u l a t i o n Y. ♦ S u b jec t t o p r o v i s i o n s of t h e Community R e i n v e s t m e n t A c t . Fgdgyal-ResgrafiL...BanK....9f Atlanta Applications Bulletin for Week Ending September 27, 1996 S ectio n 3 - A p p lic a tio n s S u b ject to Ap p l i c a t i o n Federal R e g i s t e r O n ly Comment P e r i o d E n d in g D a te W a sh in g to n S t a t e B a n c s h a r e s 10 -11-9 6 W a sh in g to n , L o u i s i a n a To e n g a g e i n m aking, a c q u i r i n g o r s e r v i c i n g l o a n s o r o t h e r e x t e n s i o n s o f c r e d i t , i n c l u d i n g i s s u i n g l e t t e r s o f c r e d i t , p u r s u a n t t o S e c t i o n 4 ( c ) (8) o f t h e Bank H o l d i n g Company A c t and S e c t i o n 2 2 5 . 2 5 ( b ) (1) o f R e g u l a t i o n Y. S e c t i o n 4 - A p p l i c a t i o n s Not S u b j e c t t o F e d e r a l R e g i s t e r N o t i c e o r N ewspaper N o t i c e A p p lic a tio n The P e o p l e s Bank & T r u s t Company Selm a, Alabama To e n g a g e i n community d e v e lo p m e n t Federal R eserve A c t . Bank In d e p e n d e n t S h e f f i e l d , Alabama To e n g a g e i n community F ed eral Reserve A c t . d e v e lo p m e n t A p p ala ch ian Bancshares, In c. E l l i j a y , G eorgia Commitment w a i v e r r e q u e s t . a c tiv itie s , pursuant to S ectio n 9 of the a c tiv itie s, pursuant to se ctio n 9 of the Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending September 27. 1996 S e ctio n 10 - A v a i l a b i l i t y o f CRA P u b l i c E v a l u a t i o n s The CRA p u b l i c e v a l u a t i o n s o f t h e in s u r e d d e p o s i t o r y i n s t i t u t i o n s l i s t e d below became a v a i l a b l e d u r in g t h i s week. In fo r m atio n about an i n s t i t u t i o n ' s CRA e v a l u a t i o n may be o b t a i n e d d i r e c t l y from th e i n s t i t u t i o n . In c o n n e c t i o n w ith the a s s e s s m e n t o f an i n s t i t u t i o n ' s CRA performance, a r a t i n g i s a s s i g n e d from the f o l l o w i n g g ro u p s: O u t s t a n d i n g r e c o r d o f m e e tin g community c r e d i t ne.eds: An i n s t i t u t i o n has an o u t s t a n d i n g r e c o r d o f , and i s a l e a d e r in , a s c e r t a i n i n g and h e l p i n g t o meet the c r e d i t needs o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and moderateincome n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w ith i t s r e s o u r c e s and c a p a b i l i t i e s . S a t i s f a c t o r y r e c o r d o f m e e tin g community c r e d i t needs: An i n s t i t u t i o n has a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g low- and m oderate-incom e n e ig h b orh o o ds, in a manner c o n s i s t e n t w i t h i t s r e s o u r c e s and c a p a b i l i t i e s . Needs t o improve r e c o r d o f m e e tin g community c r e d i t n e ed s: An i n s t i t u t i o n needs t o improve i t s o v e r a l l r e c o r d o f a s c e r t a i n i n g and h e l p i n g t o meet t h e c r e d i t needs of its en tire d e lin e a te d community, in clu d in g lo w and moderate-income n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w ith i t s r e s o u r c e s and c a p a b i l i t i e s . S u b s t a n t i a l noncom pliance i n m e e tin g community c r e d i t n e e d s : An i n s t i t u t i o n 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 o f a s c e r t a i n i n g and h e l p i n g t o meet the c r e d i t needs o f i t s e n t i r e d e l i n e a t e d community, i n c l u d i n g lo w - and moderate-income n e ig h b o r h o o d s , i n a manner c o n s i s t e n t w ith i t s r e s o u r c e s and c a p a b i l i t i e s . E xa m in a tion Bank CRA R a tin g M e r c a n t i l e Bank o f N a p le s P o st O f f i c e Box 413042 N a p le s , F l o r i d a 33941 (8 13)263-4400 O u t s t a n d in g 04-15-96 Bank o f D a d e v i l l e P o st O f f i c e Box 38 D a d e v i l l e , Alabama (205)825-4284 Outstanding 0 6 -17-9 6 S a tisfa cto ry 0 6 -17-9 6 36853 Smyrna Bank & T r u s t Company P o s t O f f i c e Box 81300 Smyrna, G e o r g ia 30081 (7 7 0 ) 4 3 4 -8 18 5 Date Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending September 27. 1996 R e c e n t l y Approved A p p l i c a t i o n s A p p r o v a l Date 0 9 -2 7 -9 6 F i r s t B an k sh are s o f West P o i n t , In c . West P o i n t , G e o r g ia To merge w i t h Canebrake Ban cshares, I n c . , Uniontown, Alabama, and t h e r e b y d i r e c t l y acq u ire i t s su b sid ia ry , F i r s t S t a t e Bank o f Uniontown, Uniontown, Alabama, p u r su a n t t o S e c t i o n 3(a) (5) o f the Bank H o ld in g Company A c t . D e p o s i t G u a r a n ty Corp. 09 -2 6 -9 6 Jackson, M is s i s s i p p i R eq uest f o r w a i v e r o f th e a p p l i c a t i o n re q u ire m e n t o f S e c t i o n 3(a) (5) o f t h e Bank H o ld in g Company A c t f o r i t s s u b s i d i a r y , D e p o s i t G u a r a n ty L o u i s i a n a C o r p o r a t i o n , S h r e v e p o r t , L o u i s i a n a , t o merge w ith T u s c a l o o s a B a n c s h a r e s , I n c . , Denham S p r i n g s , L o u i s i a n a , and a c q u i r e i t s s u b s i d i a r y , T u s c a l o o s a Commerce Bank, Denham S p r i n g s , L o u isian a. AmSouth Bank o f Tennessee C h a tt a n o o g a , T enn essee To e s t a b l i s h a branch l o c a t e d a t 2227 G a l l a t i n Road, 0 9 -2 7 -9 6 N a sh v ille, AmSouth Bank o f Tennessee C h a t t a n o o g a , Tenn essee To e s t a b l i s h a branch l o c a t e d a t 1304 M u rfre e sb o r o Road, Tennessee. 0 9 -2 7 - 9 6 F r a n k lin , Tennessee. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper N otice Only Comment Period Ending Date Type Application Branch NAB Bank Chicago, Illinois 250 W est Cermak Road Chicago, Illinois NP - 9-22-96 Branch Comerica Bank Detroit, Michigan 7900 W est Wind Lake Avenue West Bloom field, Michigan NP - 9-29-96 EFT Security Savings Bank Farhamville, Iowa 1015 Market Street Gowrie, Iowa NP - 10-10-96 Merger/Branches NP - ** Kent City State Bank Kent City, Michigan Grant State Bank Grant, Michigan - 10 West Main Street, Grant, Michigan & 21 East 82nd Street, Newaygo, Michigan Branch Harris Trust and Savings Bank Chicago, Illinois 4723 S. Kedzie Avenue Chicago, Illinois NP - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time NP - 10-6-96 Federal Reserve Bank of Chicago Section 1 - Applications Subject to Newspaper Notice Only cont’d I m ADDlication Branch Peoples Bank and Trust Company Sunman, Indiana 100 Sycamore Estate Drive Aurora, Indiana Comment Period Endine Date NP - 10-6-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type ADDlication 3(a)(1) Hometown Financial Corporation* Flanagan, Illinois Flanagan State Bank Flanagan, Illinois FR - 9-27-96 NP - 9-20-96 3(a)(3) Northern Trust Corporation* Chicago, Illinois Metroplex Bancshares, Inc. Dallas, Texas Metroplex Delaware Financial Corporation Dallas, Texas Bent Tree National Bank Dallas, Texas FR - 9-27-96 NP - 9-19-96 3(a)(1) Kerkhoff L.P.* Red Oak, Iowa Southwest Financial Group of Iowa, Inc. Red Oak, Iowa Houghton State Bank Red Oak, Iowa FR - 9-16-96 NP - 9-23-96 3(a)(3) Capitol Bancorp, Ltd.* Lansing, Michigan Brighton Commerce Bank Brighton, Michigan (in organization) FR - 10-18-96 NP - ** 3(a)1) Schofield Bancorporation, Inc.* La Crosse, W isconsin Intercity State Bank Schofield, W isconsin FR - 9-20-96 Np . ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register N otice Cont’d Comment Period Ending Date Type. Application 3(a)(1) Taylor Capital Group, Inc.* W heeling, Illinois Cole Taylor Bank Chicago, Illinois FR - 10-4-96 NP - 10-4-96 COC-HC Ruthven Investment, Ltd. Ruthven, Iowa James H. Keeline and Richard O. Carpenter FR - 10-1-96 NP - 10-2-96 3(a)(1) Bluestem Development Corporation* Joy, Illinois Joy Development Corporation Davenport, Iowa Joy State Bank Joy, Illinois FR - 10-11-96 NP - ** 3(a)(3) Valley Bancshares, Inc.* N issw a, Minnesota Minnesota Bancshares Corporation Augusta, Wisconsin Brainerd National Bank Baxter, Minnesota FR - 10-15-96 NP - 10-14-96 COC-HC Kerndt Bank Services, Inc. Lansing, Iowa Kerndt Brothers Savings Bank Lansing, Iowa FR - 10-9-96 NP . ** 3(a)(3) Ida Grove Bancshares, Inc.* Ida Grove, Iowa Pierson Bancorporation, Inc. Pierson, Iowa Farmers Savings Bank Pierson, Iowa FR - 10-25-96 NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d 3(a)(3) American Bancshares, Inc.* Holstein, Iowa Pierson Bancorporation, Inc. Pierson, Iowa Farmers Savings Bank Pierson, Iowa FR - 10-25-96 3(a)(1) G.R. Bancorp, Ltd.* Grand Ridge, Illinois First National Bank o f Grand Ridge Grand Ridge, Illinois FR -** Independence Bancshares, Inc.* Independence , Iowa Southeast Security Bank M ediapolis, Iowa (in organization) FR - 10-25-96 NP - ** 3(a)(3) J^p _ ** NP - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date lXE£ Application 4(c)(8) Union-Calhoun Investments, Ltd. Rockwell City, Iowa Wetter Income Tax Service Rockwell City, Iowa FR - 10-4-96 4(c)(8) FBOP Corporation Oak Park, Illinois Topa Savings Bank, FSB Beverly H ills, California Topa Thrift and Loan Beverly H ills, California FR - 10-7-96 4(c)(8) Taylor Capital Group, Inc. W heeling, Illinois CT Mortgage Company, Inc. Altamonte Springs, Florida FR - 10-4-96 4(c)(8) Brunsville Bancorporation, Inc. Brunsville, Iowa to engage de novo in selling all types o f insurance FR - 10-1-96 4(c)(8) Merrill Bancorporation, Inc. M errill, Iowa to engage de novo in selling all types o f insurance FR - 10-1-96 4(c)(8) Bank of Montreal Montreal, Canada BMO Leasing (U .S.), Inc. Chicago, Illinois FR - 10-8-96 4(c)(8) Bankmont Financial Corp. New York, New York BMO Leasing (U .S.), Inc. Chicago, Illinois FR - 10-8-96 4(c)(8) Anita Bancorporation Newton, Iowa Rolling Hills Insurance Agency, L.C. Atlantic, Iowa FR -** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper N otice Type None Application Federal Reserve Bank of Chicago Section V - Availability of CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank o f Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending September 27, 1996. If you are interested in obtaining a copy o f the evaluation document, please contact the bank(s) directly. Identification o f 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 o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S- An institution in this group has a satisfactory record of ascertaining and helping to m eet 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 has a needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance record o f ascertaining and helping to meet the credit needs of its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilies. BANK NAME/LOCATION NONE EXAMINATION DATE RATING Federal Reserve Bank of St. Louis FOR THE WEEK ENDING SEPTEMBER 27, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End o f 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 Owenton Bancorp, Inc. Employee Stock Ownership Trust, Owenton, Kentucky, to increase its ownership interest in Owenton Bancorp, Inc., Owenton, Kentucky, from 33.85 percent to 39.59 percent, through a redemption o f shares by Owenton Bancorp, Inc. Newspaper: 10-30-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Arkansas National Bankshares, Bentonville, Arkansas, to engage de novo, in providing data processing activities through a joint venture with a software development company. N /A ' SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None.* * This application/notification is subject to CRA. End o f Comment Period FEDERAL RESERVE BANK O F ST . LOUIS St. Louis, Missouri AVAILABILITY O F C R A PU BL IC D I S C L O S U R E S Identification o f 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 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 A n institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING September 27, 1996 Name of Bank Bank Address Examination Date Examination Rating First Bank of Arkansas Russellville, Arkansas 6/10/96 Outstanding First Bank Creve Coeur, Missouri 5/20/96 Satisfactory First State Bank of St. Robert St. Robert, Missouri 6/24/96 Satisfactory 8 FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application The Sankovitz Family Limited Partnership, Waseca, Minnesota, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Frankson Investment Corporation, Waseca, Minnesota. * October 25, 1996 (Federal Register) Frandsen Financial Corporation, Forest Lake, Minnesota, for prior approval to acquire 100% of the voting shares of State Bank of Lonsdale, Lonsdale, Minnesota. * October 25, 1996 (Federal Register^ * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Richey Bancorporation, Inc., Glendive, Montana and Community First Bancorp, Glendive, Montana to engage de novo in management consulting activities. Comment Period Ending Date October 16, 1996 FEDERAL RESERVE BANK O F M INN EAPOLIS 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 27, 1996 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANKfSl EXAMINED DATE OF EXAMINATION CRA RATING Fanners State Bank of Montana 420 South Main Street Conrad, MT 59425-0727 (406) 278-5514 June 10, 1996 Satisfactory Federal R eserve Bank o f Kansas C ity SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER N O TIC E APPLICATION ONLY COMMENT PERIOD ENDING DATE N one. n SECTIO N - APPLICATIONS SUBJECT TO BO TH NEW SPAPER AND FEDERAL REGISTER N O TIC E APPLICATION COMMENT PERIOD ENDING DATE Community First Bankshares, Inc.. Denver, Colorado, for prior approval to acquire 100 percent o f the voting shares o f First National Bank o f Boulder County, Boulder, Colorado.* October 2 1 , 19 9 6 R. Banking Limited Partnership and BancFirst Corporation, both o f Oklahoma City, Oklahoma, for prior approval to acquire 26.75 percent o f the voting shares o f Peoples State Bank, Tulsa, Oklahoma.* N ot A vailable SEC TIO N III - APPLICATIONS SUBJECT TO FEDERAL REGISTER N O T IC E ONLY APPLICATION COMMENT PERIOD EN DIN G DATE Haviland Bancshares, Inc., Haviland, Kansas, for prior approval to engage de novo directly as Signature Investm ents, Haviland, Kansas, in securities brokerage activities.* October 15, 1996 R. Banking Limited Partnership and BancFirst Corporation, both o f Oklahoma C ity, Oklahoma, to engage in general lending activities, including the making and servicing o f loans.* N ot A vailable SECTIO N IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER NO TICE OR NEW SPAPER NOTICE APPLICATION N one. Federal R eserve Bank of Kansas C ity SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification o f Ratings In connection w ith the assessment o f each insured depository institution's CRA perform ance, a rating is assigned from the following groups; O utstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to m eet the credit needs of its entire delineated community, including low - and m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community 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 m oderate-incom e neighborhoods, in a manner consistent with its resources and capabilities. N eeds to improve record of meeting community credit needs An institution in this group needs to improve its overall record o f ascertaining and helping to m eet the credit needs of its entire delineated community, including low - and m oderateincom e neighborhoods, in a manner consistent with its resources and capabilities. Substantial nnncompliance in meeting community credit needs An institution in this group has a substantially deficient record o f ascertaining and helping to m eet the credit needs of its entire delineated community, including low - and m oderateincom e neighborhoods, in a manner consistent with its resources and capabilities.* Bank/Location ExamJDate CRA Public Date U nion Colony Bank P.O. Box 961 G reeley, Colorado 80623-0961 06/24/96 09/25/96 *A pplication is subject to CRA. CRA Rating Outstanding FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 23, 1996 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 Paradigm Bancorporation, Inc., Houston, TX, to acquire Paradigm Delaware Bancorporation, Inc., Dover, DE, and Woodcreek Bank, Houston, TX (Previously reported during the week of 9-2-96) ♦Section 3(a)(1) application by Paradigm Delaware Bancorporation, Inc., Dover, DE, to acquire Woodcreek Bank, Houston, TX (Previously reported during the week of 9-2-96) ♦Section 3(a)(5) application by Dublin Bancshares, Inc., Dublin, TX, to acquire Gustine-DeLeon Bancshares, Inc., DeLeon, TX (Previously reported during the week of 9-9-96) ♦Section 3(a)(3) application by Texas Country Bancshares, Inc., Brady, TX, to acquire The First National Bank of Ballinger, Ballinger, TX (Previously reported during the week of 8-26-96) ♦Section 3(a)(1) application by TCB Delaware, Inc., Dover, DE, to acquire Brady National Bank, Brady, TX (Previously reported during the week of 8-26-96) ♦Section 3(a)(3) application by TCB Delaware, Inc., Dover, DE, to acquire The First National Bank of Ballinger, Ballinger, TX (Previously reported during the week of 8-26-96) ** NOTICE EXP 96/10/06 96/10/06 96/10/13 96/10/07 96/10/07 96/10/07' 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 23. 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Norwest Bank, Texas, New Braunfels 315 Landa St. P. 0. Box 310909 New Braunfels, TX 78131 Date of Examination 96/06/17 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 9/27/96 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Harris Trust Bank of Arizona, Scottsdale, AZ, to to establish a branch office at 23341 N. Pima Road, Scottdale, Arizona. * Newspaper: 10/20/96 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Palm Desert Investments Employee Stock Ownership Plan and Trust, Palm Desert, California, and its trustee, Kevin B. McGuire, Indian Wells, California, to acquire up to 24.42 percent of the outstanding shares of Palm Desert Investments, Palm Desert, California. * Newspaper: Not available Fed. Reg.: 10/15/96 Pacific Capital Bancorp, Salinas, California, to merge with South Valley Bancorporation, Morgan Hill, California. * Newspaper: 09/20/96 Fed. Reg.: Not available South Coast Bancorp, Inc., Irvine, California, to become a bank holding company by acquiring South Coast Commercial Bank, Irvine, California. * Newspaper: Not available Fed. Reg.: 10/25/96 Section III -Applications Sub.iect to Federal Register Only None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 9/27/96 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Institution Location Examination Date Rating* None ♦Under the rating system an institution’s CRA performance is assigned one of the following four ratings: O u ts ta n d in g re c o rd of m eeting community c r e d it needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S a t i s f a c t o r y re c o rd o f m eeting community c r e d it n eeds: 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 t o Im prove re c o rd of m eeting community c r e d it n eeds: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S u b s ta n tia l Noncom pliance in m eeting community c r e d it n eed s: 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