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ANNOUNCEMENT

imi..DV
H.2, 1992, NO. 36
RESEARCH LIBKakt Actions of the Board, its Staff, and
BOARD OF GOVERNORS
the Federal Reserve Banks;
OF THE
. ^Applications and Reports Received
u
FEDERAL RESERVE SYS-^fJg 9 35>1iS-iB% the Week Ending September 5, 1992
FED'■, L ^l^ ~ 1^
';
‘
ACTIONS TAKEN BY THE BOARQF&ESQVfcfcftORS
_

l

■■ ■'

BANK HOLDING COMPANIES
Golden Financial Corporation, Elizabethtown, Kentucky
— petition for reconsideration of Board1s approval
of application to acquire Fort Knox National Bank,
Radcliff, Kentucky.
Denied, September 1, 1992.
Security Shares, Inc., Abilene, Texas — to acquire
Farmers and Merchants National Bank, Merkel. Texas.
Approved, August 31, 1992.
BANK MERGERS
Farmers State Bank of Western Illinois, New Windsor,
Illinois — petition for reconsideration of Board1s
approval of applications to purchase certain assets
and assume certain liabilities of the Bank of
Alexis, Alexis, Illinois, and to establish
branches.
Denied, September 1, 1992.
ENFORCEMENT
Mount Vernon Bancshares, Inc., Mount Vernon, Kentucky
— written agreement dated August 17, 1992, with
the Federal Reserve Bank of Cleveland and the
Department of Financial Institutions of the
Commonwealth of Kentucky.
Announced, September 1, 1992.
INTERNATIONAL OPERATIONS
Chemical Bank, New York, New York — to make an
investment in Chemical Bank, Paris, France.
Permitted, September 5, 1992.
REGULATIONS AND POLICIES




Regulation Y — to augment the list of permissible
nonbanking activities for bank holding companies to
include full service securities brokerage and
financial advisory activities (Docket R-0706).
Approved, August 31, 1992.

H .2

AUGUST 31, 1992
PAGE 2

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Regulation Y — amendments concerning changes in
newspaper publication requirements for banking
applications (Docket R-0760).
Approved, September 3, 1992.
Section 23A of the Federal Reserve Act -- exemption
for certain transactions between affiliated insured
depository institutions that are subject to
approval under the Bank Merger Act (Docket R-0762).
Approved, September 3, 1992.

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Chicago

Cole Taylor Bank, Chicago, Illinois — to establish
an offsite electronic facility at 7500 South
Pulaski Road, and 1145 Wilson Avenue.
Returned, September 3, 1992.

BANK HOLDING COMPANIES




Richmond

Bailey Financial Corporation, Clinton, South Carolina
— to acquire M.S. Bailey & Son, Bankers.
Approved, September 3, 1992.

Chicago

Brenton Banks, Inc., Des Moines, Iowa — to acquire
Ames Financial Corporation, Ames, Iowa, and Ames
Savings Bank, F.S.B.
Approved, September 1, 1992.

H. 2

AUGUST 31, 1992
PAGE 3

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




St. Louis

Central Arkansas Bancshares, Inc., Arkadelphia,
Arkansas — to engage de novo in securities
brokerage activities through Central Arkansas
Securities, Inc., Hot Springs, Arkansas.
Permitted, September 3, 1992.

St. Louis

Commonwealth Financial corporation, Louisville,
Kentucky — to acquire Commonwealth Bank and Trust
Company.
Approved, September 3, 1992.

Minneapolis

Community First Bankshares, Inc., Fargo, North Dakota
— to acquire Worthington Bancshares, Inc.,
Worthington, Minnesota.
Approved, September 2, 1992.

Atlanta

First Farmers & Merchants Corporation, Columbia,
Tennessee — proposal to acquire certain assets and
assume certain liabilities of the Chapel Hill,
Tennessee, branch of Cavalry Banking, F.S.B.,
Murfreesboro, Tennessee, and merge the branch with
First Farmers & Merchants National Bank of
Columbia, Columbia, Tennessee.
Approved, September 4, 1992.

Chicago

First Midwest Bancorp, Inc., Naperville, Illinois —
to engage in acquiring and servicing loans.
Returned, September 1, 1992.

Minneapolis

First Sleepy Eye Bancorporation, Inc., Sioux Falls,
South Dakota — to engage de novo in making and
servicing loans.
Permitted, September 1, 1992.

Chicago

Firstbank of Illinois Co., Springfield, Illinois -to acquire First Highland Corp. and The First
,
National Bank of Highland.
Approved, September 4, 1992.

St. Louis

Independent Southern Bancshares, Inc., Brownsville,
Tennessee — to engage de novo in providing
investment or financial advice.
Permitted, August 31, 1992.

H. 2

AUGUST 31, 1992
PAGE 4

TO

SEPTEMBER 5, T992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Lincolnshire Bancshares, Inc., Lincolnshire, Illinois
— to purchase participations from its banking
subsidiary.
Returned, September 2, 1992.

Richmond

NBSC Corporation, Sumter, South Carolina -- proposal
that The National Bank of South Carolina merge with
First Trident Savings and Loan Corporation,
Charleston, South Carolina.
Approved, September 4, 1992.

Cleveland

Ohio Valley Banc Corp. Gallipolis, Ohio —
,
acquire The Ohio Valley Bank Company.
Approved, September 4, 1992.

Dallas

Peoples Bancshares, Inc., Belton, Texas — proposal
that Peoples National Bank acquire certain assets
and assume certain liabilities of the Salado branch
of Bluebonnet Federal Savings Bank, F.S.B., Dallas,
Texas.
Approved, September 4, 1992.

Cleveland

PNC Financial Corp., Pittsburgh, Pennsylvania —
acquire Flagship Financial Corp., Jenkintown,
Pennsylvania.
Approved, September 5, 1992.

Richmond

Regency Bancshares, Inc., Hickory, North Carolina —
to acquire Davidson Federal Savings Bank, Inc.,
Lexington, North Carolina, and First Savings Bank,
Inc., F.S.B., Hickory, North Carolina.
Approved, September 4, 1992.

Dallas

Westside Delaware Financial Corporation, Wilmington,
Delaware — to acquire Bank of The West, San
Angelo, Texas.
Approved, September 4, 1992.

to

to

H.2

AUGUST 31, 1992
PAGE 5

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK MERGERS
Chicago

Bank One, Champaign-Urbana, Champaign, Illinois — to
merge with Bank One, Monticello, Monticello, and to
establish branches at 100 E. Washington and 219 W.
Center, and at 220 N. Highway Avenue, Deland,
Illinois.
Approved, September 3, 1992.

Chicago

Cole Taylor Bank, Chicago, Illinois -- to merge with
Cole Taylor Bank / Yorktown, Lombard, Illinois and
to establish a branch at One Yorktown Center.
Returned, September 2, 1992.

Chicago

DeMotte State Bank, DeMotte, Indiana -- to acquire
the Knox, Indiana, branch of Ameritrust National
Bank, Elkhart, Indiana, and to establish a branch
at 307 Carlson Drive.
Approved, September 2, 1992.

Dallas

Lamesa National Bank, Lamesa, Texas -- to merge with
Bluebonnet Savings Bank, F.S.B.
Approved, August 31, 1992.

Kansas City

Peoples Savings, Inc., Ottawa, Kansas, and Peoples,
Inc. — to acquire certain assets and assume
certain liabilities of Overland Park Savings and
Loan Association, Overland Park, Kansas.
Approved, September 4, 1992.

Cleveland

Provident National Bank, Philadelphia, Pennsylvania - proposal to merge with First American Savings,
F.A., Jenkintown; and Brandywine Savings Bank,
PaSA, Dowingtown, Pennsylvania.
Approved, September 5, 1992.

BANK PREMISES




Kansas City

Bank of Commerce, Wetumka, Oklahoma —
bank premises.
Approved, September 1, 1992.

investment in

Atlanta

Commercial Bank of Florida, Miami, Florida —
investment in bank premises.
Approved, August 31, 1992.

H.2

AUGUST 31, 1992
PAGE 6

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK PREMISES
Dallas

Minden Bank & Trust Company, Minden, Louisiana -investment in bank premises.
Approved, September 2, 1992.

Minneapolis

Root River State bank, Chatfield, Minnesota
investment in bank premises.
Approved, September 4, 1992.

St. Louis

United Missouri Bank Northeast, Monroe City, Missouri
— investment in bank premises.
Approved, September 3, 1992.

BANKS, STATE MEMBER
New York

Bank of New York, New York, New York — exemption
from reserve requirement for subordinated debt.
Withdrawn, September 2, 1992.

CAPITAL STOCK
St. Louis

Cabot Bankshares, Inc., Cabot, Arkansas —
of shares.
Approved, September 2, 1992.

redemption

St. Louis

Schuyler County Bancshares, Inc., Kirksville,
Missouri — redemption of shares.
Approved, September 2, 1992.

St. Louis

Southwest Illinois Bancshares, Inc., Coulterville,
Illinois — redemption of shares.
Approved, September 4, 1992.

CHANGE IN BANK CONTROL




San Francisco

Burlingame Bancorp, Burlingame, California —
in bank control.
Permitted, September 1, 1992.

Chicago

Metrocorp, Inc., East Moline, Illinois —
bank control.
Returned, September 1, 1992.

change

change in

H .2

AUGUST 31, 1992
PAGE 7

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Atlanta

AmSouth Bank of Tennessee, Nashville, Tennessee,
proposed merger with First Federal Bank, FSB,
Chattanooga, Tennessee -- report on competitive
factors.
Submitted, August 31, 1992.

Atlanta

Bank Corporation of Georgia, Macon, Georgia, proposed
acquisition of First South Bank of Ben Hill County,
N.A., Fitzgerald; First South Bank of Jones County,
N.A., Gray; and First South Bank of Coweta County,
N.A., Newnan, Georgia -- report on competitive
factors.
Submitted, September 4, 1992.

Atlanta

Bank of Chicago - Garfield, Chicago, Illinois,
proposed merger with Bank of Chicago-Little
Village, and Bank of Chicago-Lakeshore — report on
competitive factors.
Submitted, August 31, 1992.

Kansas City

Cherry Creek National Bank - 17th Street, Denver,
Colorado, proposed merger with Vail National Bank,
Vail, Colorado — report on competitive factors.
Submitted, September 2, 1992.

Atlanta

Community National Bank, Lake City, Florida, proposed
acquisition of the MacClenny, Florida, branch of
Anchor Savings Bank FSB, Hewlett, New York —
report on competitive factors.
Submitted, August 31, 1992.

Kansas City

Farm & Home Savings Association, Nevada, Missouri
proposed acquisition of assets and assumption of
the liabilities of the Gladstone, Independence,
Wornall, Bannister, and St. Joseph branches of Home
Savings of America, FSB, Irwindale, California —
report on competitive factors.
Submitted, September 1, 1992.

H .2

AUGUST 31, 1992
PAGE 8

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Dallas

Farm & Home Savings Association, Kansas City,
Missouri, proposed exchange of three branches in
Fort Worth, Texas, Dallas, Texas, and Houston,
Texas to Home Savings of America, FSB, Irwindale,
California, in exchange for five of Home’s branches
in Missouri, including two in Kansas City, and one
each in St. Joseph, Gladstone, and Independence —
report on competitive factors.
Submitted, September 4, 1992.

Cleveland

First Central National Bank of St. Paris, St. Paris,
Ohio, proposed merger with First Central Interim
National Bank -- report on competitive factors.
Submitted, September 4, 1992.

Cleveland

First Federal Savings and Loan Association, Wooster,
Ohio, proposed acquisition of the Mansfield, Ohio,
branch of Home Savings of America, Irwindale,
California — report on competitive factors.
Submitted, September 4, 1992.

Richmond

First State Bank, Elkins, Inc., Elkins, West
Virginia, proposed merger with Community Bank 8
Trust National Association of Randolph County —
report on competitive factors.
Submitted, September 1, 1992.

Chicago

Harvest Savings Bank, FSB, Dubuque, Iowa, proposed
merger with Clinton Federal Savings and Loan
Association, Clinton, Iowa — report on competitive
factors.
Submitted, September 3, 1992.

San Francisco

Home Savings of America, A Federal Savings Bank,
Irwindale, California, proposed purchase of assets
and assumption of liabilities of eight California
branches of Coast Federal Bank, A Federal Savings
Bank, Los Angeles, California — report on
competitive factors.
Submitted, September 3, 1992.

H. 2

AUGUST 31, 1992
PAGE 9

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Philadelphia

Lafayette Bank, Easton, Pennsylvania, proposed
purchase of certain assets and assumption of
certain liabilities of three branches of
Northeastern Bank of Pennsylvania, Scranton,
Pennsylvania — report on competitive factors.
Submitted, September 3, 1992.

New York

Manhattan Savings Bank, New York, New York, proposed
merger with SafraBank, National Association, Miami,
Florida — report on competitive factors.
Submitted, September 3, 1992.

Philadelphia

Meridian Bank / New Jersey, Medford, New Jersey,
proposed purchase of certain assets and assumption
of certain liabilities of Security Savings Bank,
SLA, Vineland, New Jersey — report on competitive
factors.
Submitted, September 1, 1992.

Kansas City

MidFirst Bank, S.S.B., Paul Valley, Oklahoma,
proposed exchange of branch office assets and
liabilities with Local Federal Bank, F.S.B.,
Oklahoma City, Oklahoma — report on competitive
factors.
Submitted, September 4, 1992.

Chicago

NBD Wheaton Bank, Wheaton, Illinois, proposed merger
with sixteen affiliated banks — report on
compet itive factors.
Submitted, August 31, 1992.

Philadelphia

New Savings Bank, Philadelphia, Pennsylvania,
proposed merger with Roxborough-Manayunk Federal
Savings and Loan Association, Philadelphia,
Pennsylvania — report on competitive factors.
Submitted, September 1, 1992.

Dallas

Olton State Bank, Olton, Texas, proposed merger with
First National Bank in Stamford, Stamford, Texas —
report on competitive factors.
Submitted, September 3, 1992.

H .2

AUGUST 31, 1992
PAGE 10

TO

SEPTEMBER 5, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Dallas

River Oaks Bank, Houston, Texas, proposed merger with
Compass Bank - Houston — report on competitive
factors.
Submitted, September 3, 1992.

Boston

Sandwich Co-operative Bank, Sandwich, Massachusetts,
proposed acquisition of certain assets and
assumption of certain liabilities in the Falmouth,
Hyannis, Chatham, and Orleans, Massachusetts,
branches of Shawmut Bank, N.A., Boston,
Massachusetts — report on competitive factors.
Submitted, September 3, 1992.

Richmond

Santee Cooper State Bank, Elloree, South Carolina,
proposed merger with First National Bank,
Orangeburg, South Carolina — report on competitive
factors.
Submitted, September 2, 1992.

Richmond

SNB Savings Bank, Inc., SSB, Valdese, North Carolina,
proposed merger with SNB Savings Bank, Inc., SSB,
of Elkin, Elkin, North Carolina — report on
competitive factors.
Submitted, September 1, 1992.

New York

Valley National Bank, Passaic, New Jersey, proposed
acquisition of Mayflower Savings Bank, S.L.A.,
Livingston, New Jersey — report on competitive
factors.
Submitted, September 3, 1992.

EXTENSIONS OF TIME




Dallas

A.N.B. Holding Company, LTD., Terrell, Texas —
extension to November 25, 1992, to acquire American
National Bank of Terrell.
Granted, September 2, 1992.

San Francisco

First Interstate Bancorp, Los Angeles, California —
extension to divest certain properties.
Granted, September 3, 1992.

H. 2

AUGUST 31, 1992
PAGE 11

TO

SEPTEMBERS,

1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
Dallas

Minden Bancshares, Inc., Minden, Louisiana —
extension to November 10, 1992, to acquire Webster
Bancshares, Inc.
Granted, September 2, 1992.

Dallas

Minden Bank & Trust Company, Linden, Louisiana -extension to November 10, 1992, to establish a
branch at 200 Homer Road.
Granted, September 2, 1992.

Dallas

Minden Bank & Trust Company, Minden, Louisiana —
extension to November 10, 1992, to acquire Webster
Bank & Trust Company.
Granted, September 2, 1992.

Dallas

Minden Bank & Trust Company, Minden, Louisiana —
extension to November 10, 1992, to establish a
branch at 1316 Sibley Road.
Granted, September 2, 1992.

San Francisco

West Coast Bancorp, Orange, California —
to divest certain property.
Granted, September 1, 1992.

San Francisco

West One Bancorp, Boise, Idaho — extension to
January 15, 1993, to acquire Yakima Valley Bank,
Yakima, Washington.
Granted, September 3, 1992.

Chicago

Farmers Bank & Trust, Webster City, Iowa —
a member of the Federal Reserve System.
Returned, September 2, 1992.

extension

MEMBERSHIP




to become

H .2

ADDITIONS AND CORRECTIONS

AUGUST 31, 1992
PAGE 12

TO

SEPTEMBERS,

1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Boston

Fleet Financial Group, Inc., Providence, Rhode Island
— to engage in asset management, servicing, and
collection activities through Fleet Commercial
Finance Corporate 12.
Withdrawn, August 20, 1992.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Comment Period Ending Date
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

Comment Period Ending Date

Neil St. John Raymond,
Newspaper Not Yet Established
d/b/a Candlewood Associates
- Change in Control
Federal Register
Notification to acquire up to 68.2%
of the outstanding common stock
of First Ipswich Bancorp, Ipswich,
Massachusetts
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date

Fleet Financial Group,
Federal Register
Inc., Providence, Rhode
Island - 4(c)(8) application
to engage in asset management and
Recovery Corporation, Boston,
Massachusetts

Not Yet Established

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE

♦Subject to CRA




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
Institution




Examination Date

NONE

"N"

Ratinq**

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
Chemical Bank, New York, New York, to establish
an offsite electronic facility at Morgan Stanley
& Co., 1 Pierrepont Plaza, Brooklyn, New York.l/

9/27/92

Chemical Bank, New York, New York, to establish
an offsite electronic facility at Morgan Stanley
6c Co., 1633 Broadway, New York, New York.l/

9/27/92

Chemical Bank, New York, New York, to establish
an offsite electronic facility at New York
Marriott Marquis, 1535 Broadway, New York,
New York.l/

9/27/92

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Amboy Bancorporation, Old Bridge, New Jersey to make an
investment in Woodhaven at South Brunswick, L.P.,
Cranbury, New Jersey and thereby engage indirectly in
community development activities.

N/A

SECTION IV
Applications Not Involving
______Public Comment_____
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.



Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor­
hoods, in a manner consistent with its resources and capabilities.
Week Ending September 5. 1992
NAME OF BANK

RATING

EXAMINATION DATE

Growth Bank
1500 Route 202
Basking Ridge, N.J.

Satisfactory

December 2, 1991

1/
2/
3/
4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




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
Susquehanna Bancshares, Inc., Litiz,
PA to engage de novo in commercial
finance services, through its existing
nonbanking subsidiary, Susquebanc Lease
Co., Manheim, PA, pursuant to § 4(c)(8)
of the BHC Act and § 225.25(b)(1)(iv)
of Regulation Y.

10/2/92

MBNA Corporation, Newark DE to establish
MBNA Consumer Services, Inc., Newark, DE
and to engage de novo in making consumer
loans secured by second mortgages and in
the sale of credit insurance, pursuant to
S 4(c)(8) of the BHC Act and
§§ 225.25(b)(1)(iii) and (b)(8)(i) of
Regulation Y.

10/2/92

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

NONE.

1/ Subject to provisions of Community Reinvestment Act
* N/A - not yet available.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending September 4. 1992.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location




Examination Pate
None

CRA Rating

Federal Reserve Bank of Cleveland

Applications Bulletin
For Week Ending September 5, 1992
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3 ( a ) (5) application
from Integra Financial Corporation,
Pittsburgh, Pennsylvania, on September 2,
1992, to acquire Equimark Corporation,
Pittsburgh, Pennsylvania.

*N: September 30, 1992

Received Section 3(a) (5) application from
*N: October 3, 1992**
Banc One Corporation and Banc One Texas
Corporation, both of Columbus, Ohio, on
June 22, 1992, to acquire Team Bancshares,
Inc., and Team Bancshares II, both of Dallas,
Texas.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
NONE

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.

** - Originally appeared in the Applications Bulletin on July 18,
1992, with the comment period initially scheduled to expire on
August 14, 1992. The revised comment period reflected herein is to
accommodate a publication of the newspaper notice in the Columbus,
Ohio, market and thereby complete the technical publication
requirements of the application.




Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending September 5, 1992
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

Received notice from Society National Bank,
Cleveland, Ohio, on September 4, 1992, of its
intent to invest in SELCO Service Corporation,
a bank service corporation, which will engage
in personal or real property lease financing
activities pursuant to Section 225.25(b)(4) of
Regulation Y.




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period' Ending Date

None.

Section II - Applications Subject to Botfr
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Security Capital Bancorp, Salisbury, North
Carolina, to acquire Citizens Savings, Inc.,
SSB, Concord, North Carolina; Home Savings
Bank, Inc., SSB, Kings Mountain, North
Carolina; and Omnibank, Inc., A State Savings
Bank, SSB, Salisbury, North Carolina.*

9-30-92

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

Signet Banking Corporation, Richmond,
Virginia, to provide commodity trading
advice.

9-21-92**

First Maryland Bancorph Baltimore,
Maryland, to expand geographically its
credit-related reinsurance activities
through First Maryland Life Insurance
Company, Phoenix, Arizona.

Not Yet Available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application

Comment Period Ending Date

None.

*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.




Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending September 4, 1992

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Examination
Date

Rating

Bank of the Commonwealth
403 Boush Street
Norfolk, Virginia 23510

6-15-92

Satisfactory

First Commonwealth Bank
204 West Main Street
Wise, Virginia 24293

6-23-92

Satisfactory

Citizens Bank and Trust Company
126 South Main Street
Blackstone, Virginia 23824

6-29-92

Satisfactory




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 4. 1992
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

The Colonial BancGroup, Inc.
Montgomery, Alabama
To acquire Auburn Federal Savings
Bank, Auburn, Alabama, and then merge
it into its subsidiary, Colonial Bank,
Montgomery, Alabama, pursuant to Section
5(d)(3) of the Federal Deposit Insurance
Act, as amended by the Federal Deposit
Insurance Corporation Improvement Act of
1991.

Not yet available*

SouthTrust Bank of West Florida
St. Petersburg, Florida
To merge with Colony Bank, Clearwater,
Florida, pursuant to Section 18(c) of the
Federal Deposit Insurance Act.

Not yet available*

Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

AmSouth Bancorporation
Birmingham, Alabama
To acquire AmSouth Bank of Georgia,
Summerville, Georgia (in organization) ,
through the purchase of assets and
assumption of liabilities of the
Summerville, Georgia branch of First
Federal Bank, FSB, Chattanooga, Tennessee.

Not yet available*

ABC Bancorp
Moultrie, Georgia
To acquire Cairo Banking Company, Cairo,
Georgia.

Not yet available*

♦Subject to Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 4. 1992
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
The Employee Stock Ownership & Trust of
Southwest Georgia Financial Corporation
Moultrie, Georgia
1-BHC formation, Southwest Georgia
Financial Corporation, Moultrie, Georgia.

Not yet available*

Mansura Bancshares, Inc.
Mansura, Louisiana
To acquire Union Bancshares, Inc.,
Marksville, Louisiana.

Not yet available*

Section 3 - Applications Subject to Federal Register
Notice Only
Application

Comment Period Ending Date

AmSouth Bancorporation
Birmingham, Alabama
To acquire First Chattanooga Financial
Corporation, Chattanooga, Tennessee,
and thereby acquire its subsidiary, First
Federal Bank, FSB, Chattanooga, Tennessee.

Not yet available

Claiborne Holding Company, Inc.
Tazewell, Tennessee
To engage de novo in insurance agency and
underwriting activities through its
subsidiary, Premier Insurance Agency, Inc.,
Tazewell, Tennessee, pursuant to Section
225.25(b) (8) (iii) of Regulation Y.

Not yet available

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Plaza Bank of Miami
Miami, Florida
Request for increase in bank premises.

♦Subject to Provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 4. 1992
Section 10 - Availability of CRA Public Evaluations

The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examiriation
Bank
Family Bank of Hallandale
Post Office Box 10
Hallandale, Florida 33009
(305) 458-2211

Rating

Date

Satisfactory

06-01-92

First American Bank of Pelham Satisfactory
Post Office Box 100
Pelham, Alabama 35124
(205) 663-4750

06-01-92




Federal Reserve Bank of Chicago
Section I

T ype

-

Applications Subject to Newspaper
Notice Only

Application

Comment Period
Ending Date

Branch

Istituto Bancario San Paolo Di
Torino S.p.A.
Torino, Italy
Representative Office
70 W. Madison Street
Chicago, Illinois*

N

-

**

Oakar

United Bancorp, Inc.
Tecumseh, Michigan
Morenci & Clinton, Michigan offices of
Standard Federal Bank
Troy, Michigan*

N

-

**

Section II
Tvoe

Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Application
Ending Date
-

Y-2

First Midwest Corporation of Delaware
Elmwood Park, Illinois
West Central Illinois Bancorp, Inc.
Monmouth, Illinois
The National Bank of Monmouth
Monmouth, Illinois*

FR - 9-21-92
N - 8-31-92

Y-l

Albrecht Financial Services, Inc.
Wall Lake, Iowa
Norwalk-Cumming State Bank
Norwalk, Iowa*

FR - 9-8-92
N - 9-10-92

CoC-HC

Elcho Bancorporation, Inc.
Venice, Florida
Marguerite Sevde

Y-l

Y-2




Fairmount Banking Company
Fairmount, Indiana
The Fairmount State Bank
Fairmount, Indiana*
GNB Bancorporation
Grundy Center, Iowa
Ackley Bancorporation
Ackley, Iowa
Ackley State Bank
Ackley, Iowa*

FR - 9-16-92
N

-

FR

- 9-21-92
- **

N

**

FR - 9-21-92
N - 9-14-92

Federal Reserve Bank of Chicago
Section II

Applications Subject to Both Newspaper and Federal
Register Notice
(continued)
Comment Period
Ending Date
Application

T ype
Y-2

-

PSB Corporation
Wellsburg, Iowa
First National Bank of Sumner
Sumner, Iowa*

FR - **
N - **

Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date

Type

Application

Reduction of
Capital Stock

Farmers Bank of Mt. Pulaski
Mount Pulaski, Illinois
To redeem 120 shares of its common stock

FR - **

4(c)(8)

Midstates Financial Corp.
Brownsburg, Indiana
Freedom Mortgage Company
Brownsburg, Indiana

FR - 9-21-92

Y-4

GNB Bancorporation
Grundy Center, Iowa
Ackley Insurance Agency
Ackley, Iowa
Federal Reserve Bank of Chicago

FR - 9-21-92

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

None

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending September 04,
1992.
If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
-State Bank
P.O. Box 149
Everly, Iowa
(712) 834-2221

EXAMINATION DATE

RATINGS

51338
5/26/92

S

-Ripley County Bank
420 South Buckeye Street
Osgood, Indiana
47037
(812) 689-4202

4/20/92

S

-Cole Taylor Bank
850 West Jackson Bouelvard
Chicago, Illinois
60607
(312) 738-2000

4/20/92

S




Federal Reserve Bank of St. Louis
FOR THE VEEK ENDING SEPTEMBER 4, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 3(a)(1) application by H & H Holding Company,
Alton, Illinois to acquire Greene County National
Bank in Carrollton, Carrollton, Illinois and Godfrey
State Bank, Godfrey, Illinois
Not yet available
Section 3(a)(3) application by Union Planters
Corporation, Memphis, Tennessee to acquire Bank of
East Tennessee, Knoxville, Tennessee

Newspaper:

10-2-92

Section 3(a)(3) application by Old National Bancorp,
Evansville, Indiana to acquire City Financial Bancorp,
Inc., Danville, Illinois
Newspaper: 9-28-92

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.

This application is subject to CRA.




FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f m eeting community credit needs

A n 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 m eeting community credit needs

A n 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- incom e neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to im prove record o f meeting community credit needs

A n 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 noncom pliance in meeting community credit needs

A n institution in this group has a substantially deficient record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank

None




September 4, 1992

Bank Address

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date

Application
First Dakota Financial Corporation
Yankton, SD
To acquire, via merger, 100% of
McCook Bancshares, Inc., Salem, SD,
a one-bank holding company owning
McCook County National Bank, Salem,
SD*

Not yet available

E. J. Heymans, Sr., Revocable Trust
To acquire 35.2% of the voting shares
of Dunn County Bankshares, Inc.
Menomonie, WI

Not yet available

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

♦Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending September 4, 1992
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
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 moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low-and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
BANK ( ) EXAMINED
S
None.




DATE OF EXAMINATION

CRA RATING

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF AUGUST 31, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

**
* NOTICE EXP

None.
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 AUGUST 31. 1992

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding
leader in, ascertaining and helping to meet the
entire
delineated community, including
lowneighborhoods,
in a manner
consistent with
capabilities.

record of, and is a
credit needs of its
and
moderate-income
its
resources
and

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
ascertaining and helping to
delineated community, including
in a manner consistent with its

has a substantially deficient record of
meet the
credit needs of
its entire
low- and moderate-income neighborhoods,
resources and capabilities.

Bank

Date of
Examination

United Bank & Trust
P. 0. Box 3157
1049 N. Third Street
Abilene, Texas 79604

92/06/15




CRA Rating

Satisfactory

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 9/04/92
Section I - Applications Sub.iect to Newspaper Notice Only
Application

Comment Period Ending Date

None
Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

M. Kent Foote, Sandy, Utah, to increase
his ownership from 13.84 percent up to
14.70 percent in Guardian Bancorp, Salt
Lake City, Utah.

Newspaper:

Not available

Fed. Reg.:

Not available

Section III - Applications Sub.iect to Federal Register Notice Only
Application

Comment Period Ending Date

North Cascades Bancshares, Inc., Chelan,
Washington, to engage de novo in brokerage
and investment advisory services through
North Cascades Financial Services, Inc.,
Chelan, Washington.

Fed. Reg.: Not yet published

Grupo Financiero Bacomer S.A. de C.V.,
Bancomer, S.A., Bancomer Holding Company
(Antilles) N.V., Bancomer Holding Company
(Netherlands) B.V., and Bancomer Holding
Company, to engage de novo in receiving money
for transmission abroad, buying and selling
foreign currency, check cashing and issuing and
selling U.S. and foreign currency money orders
with a face value of $1,000 or less through
Bancomer Transfer Services, Inc., Los Angeles,
California.

Fed. Reg.: Not available

Continental Bancorporation, Las Vegas, Nevada,
to engage de novo in trust company activities
in Nevada through Contiental Trust Company,
Las Vegas, Nevada.

Fed. Reg.: Not yet published

Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None*
* Subject to CRA




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.)

Week ending 9/04/92
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending September 4, 1992. Information about a particular
institution’s CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None*

* Under the rating system an institution’s CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs: An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102