Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 22

Week Ending May 30, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 24, 1998 to May 30, 1998

Bank Holding Companies

Banc One Corporation, Columbus, Ohio -- to acquire First Commerce Corporation, 

New Orleans, Louisiana; First National Bank of Commerce; City National Bank of 

Baton Rouge, Baton Rouge; Rapides Bank & Trust Company in Alexandria, 

Alexandria; The First National Bank of Lafayette, Lafayette; The First National Bank 

of Lake Charles, Lake Charles; and Central Bank, Monroe; and to acquire First 

Commerce Service Corporation, New Orleans, and engage in permissible data 

processing activities.

- Approved, May 26, 1998 

Norwest Corporation, Minneapolis, Minnesota -- to engage in limited underwriting 

and dealing in all types of debt securities.

- Permitted, May 26, 1998 

Wells Fargo & Company, San Francisco, California, and HSBC Americas, Inc., 

Buffalo, New York -- to acquire shares of Wells Fargo HSBC Trade Company, Inc., 

San Francisco, California.

- Permitted, May 26, 1998 

Board Operations

Federal Reserve Regulatory Service -- availability of a Windows version of the 

Federal Reserve Regulatory Service on CD-ROM.

- Announced, May 26, 1998 

Office of Inspector General -- appointment of Barry R. Snyder as Inspector General 

to succeed Brent L. Bowen.

- Announced, May 28, 1998 

Forms

Annual Report of Bank Holding Companies (FR Y-6) -- extension, with revision.

- Approved, May 27, 1998 

Regulations And Policies

Regulation Y -- final rule to amend the Tier 1 leverage capital standard for bank 

holding companies (Docket R-0948).

- Approved, May 29, 1998 

System Task Force -- report on internal credit risk models.

- Authorized, May 29, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
May 24, 1998 to May 30, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

American Bank of Montana, Bozeman, Montana -- to establish a branch at 1700 Big 

Sky Road, Big Sky, Montana.

- Approved, May 27, 1998 

Minneapolis

Crestar Bank, Richmond, Virginia -- to establish a branch in the Fort Lee 

Commissary at 400 Shop Road, Fort Lee, Virginia.

- Approved, May 26, 1998 

Richmond

Crestar Bank, Richmond, Virginia -- to establish a branch in the Fort Belvoir 

Commissary at 6020 Gorgas Road, Fort Belvoir, Virginia.

- Approved, May 26, 1998 

Richmond

Crestar Bank, Richmond, Virginia -- to establish a branch in the Langley AFB 

Commissary at 51 Spaatz Drive, Langley AFB, Hampton, Virginia.

- Approved, May 26, 1998 

Richmond

Crestar Bank, Richmond, Virginia -- to establish a branch in the Walter Reed 

Commissary at 2460 Linden Lane, Silver Spring, Maryland.

- Approved, May 26, 1998 

Richmond

Hacienda Bank, Santa Maria, California -- to establish a branch at 1125 East Clark 

Avenue.

- Approved, May 28, 1998 

San Francisco

Peoples Bank and Trust Company, Selma, Alabama -- to establish a branch at 28827 

Highway 5, Woodstock, Alabama.

- Approved, May 28, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 May 24, 1998 to May 30, 1998

Bank Holding Companies

1st Brookfield, Inc., Employee Stock Ownership Plan, Brookfield, Illinois -- to 

acquire shares of 1st Brookfield, Inc., and First National Bank of Brookfield.

- Approved, May 29, 1998 

Chicago

Avon State Bank Employee Stock Ownership Plan, Avon, Minnesota -- to acquire 

shares of Avon Bancshares, Inc.

- Approved, May 28, 1998 

Minneapolis

BB&T Corporation, Winston-Salem, North Carolina -- to acquire Dealers Credit, 

Incorporated, Menomonee Falls, Wisconsin.

- Approved, May 28, 1998 

Richmond

CNB Holdings, Inc., Alpharetta, Georgia -- to acquire Chattahoochee National Bank 

(in organization).

- Approved, May 29, 1998 

Atlanta

Community Bankshares, Inc., Orangeburg, South Carolina -- to acquire Florence 

National Bank, Florence, South Carolina.

- Approved, May 28, 1998 

Richmond

Heritage Financial Corporation, Olympia, Washington -- to merge with North Pacific 

Bancorporation, Tacoma, Washington, and acquire North Pacific Bank.

- Approved, May 28, 1998 

San Francisco

Norwest Corporation, Minneapolis, Minnesota -- to acquire MidAmerica Insurance 

Agency South, Inc., Blue Earth, Minnesota, and engage in life and property and 

casualty insurance agency activities.

- Permitted, May 28, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 May 24, 1998 to May 30, 1998

Bank Holding Companies

NW Bancorp, Inc., Prospect Heights, Illinois -- to acquire Village Bank & Trust (in 

organization), North Barrington, Illinois.

- Approved, May 29, 1998 

Chicago

Portage Bancshares, Inc., Ravenna, Ohio -- to acquire Portage Community Bank.

- Approved, May 28, 1998 

Cleveland

Star Banc Corporation, Cincinnati, Ohio -- to acquire Trans Financial, Inc., Bowling 

Green, Kentucky; Trans Financial Bank, N.A.; and Trans Financial Bank Tennessee, 

N.A., Nashville, Tennessee.

- Approved, May 29, 1998 

Cleveland

Terry Bancorporation, Walford, Iowa -- notice to acquire Erusha Insurance Agency 

and engage in insurance activities.

- Permitted, May 22, 1998 (AC)

Chicago

Wachovia Corporation, Winston-Salem, North Carolina -- to engage through 

Wachovia Capital Markets, Inc., in certain nonbanking activities.

- Approved, May 29, 1998 

Secretary

Bank Mergers

Alpha Community Bank, Washburn, Illinois -- to merge with Citizens National Bank 

of Toluca, Toluca, Illinois, and Minonk State Bank, Minonk, Illinois, and establish 

branches at 201 N. Main Street, Toluca, and 137 W. Fifth Street, Minonk.

- Approved, May 28, 1998 

Chicago

Bank of Belton, Belton, South Carolina -- to acquire the Belton and Honea Path, 

South Carolina, branches of Carolina First Bank, Greenville, South Carolina.

- Approved, May 29, 1998 

Richmond

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 May 24, 1998 to May 30, 1998

Bank Mergers

First Security Bank, Fort Lupton, Colorado -- to purchase the assets and assume the 

liabilities of The First Security Bank, Craig, Colorado, and establish an additional 

branch.

- Approved, May 27, 1998 

Kansas City

New Canadian State Bank, Oklahoma City, Oklahoma -- to merge with Canadian 

State Bank, Yukon, Oklahoma, and establish additional branches.

- Approved, May 29, 1998 

Kansas City

Western Bank of Cody, Cody, Wyoming -- to merge with First National Bank, 

Worland, Wyoming, and establish additional branches.

- Approved, May 26, 1998 

Kansas City

Change In Bank Control

Bancorp, Inc., New Hyde Park, New York -- change in bank control.

- Permitted, May 28, 1998 

New York

Magnolia Bancshares, Inc., Hodgenville, Kentucky -- change in bank control.

- Permitted, May 28, 1998 

St. Louis

PSB Financial Shares, Inc., Prinsburg, Minnesota -- change in bank control.

- Permitted, May 26, 1998 

Minneapolis

Competitive Factors Reports

City Bank, Lubbock, Texas -- report on competitive factors of the proposed merger 

with First State Bank, Morton, Texas.

- Submitted, May 26, 1998 

Dallas

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 May 24, 1998 to May 30, 1998

Competitive Factors Reports

First City Bank and Trust Company, Hopkinsville, Kentucky -- report on competitive 

factors of the proposed merger with NationsBank of Kentucky, N.A.

- Submitted, May 29, 1998 

St. Louis

First Federal Bank of the Southwest, Inc., Roswell, New Mexico -- report on 

competitive factors of the proposed merger with New First Federal Savings Bank of 

New Mexico.

- Submitted, May 26, 1998 

Dallas

Malvern National Bank, Malvern, Arkansas -- report on competitive factors of the 

proposed merger with First National Bank, Sheridan, Arkansas.

- Submitted, May 28, 1998 

St. Louis

Mercantile Trust Company, N.A., St. Louis, Missouri -- report on competitive 

factors of the proposed merger with Mercantile Bank of Northern Illinois, Freeport, 

Illinois.

- Submitted, May 28, 1998 

St. Louis

NationsBank, National Association, Charlotte, North Carolina -- report on 

competitive factors of the proposed merger with NationsBank, National Association 

(Glynn County), Brunswick, Georgia.

- Submitted, May 29, 1998 

Richmond

Pacific Century Capital Corporation, Agana, Guam -- report on competitive factors 

of the proposed merger with First Savings and Loan Association of America, Dedeo, 

Guam.

- Submitted, May 28, 1998 

San Francisco

Union Bank and Trust Company, Lincoln, Nebraska -- report on competitive factors 

of the proposed merger with First National Bank.

- Submitted, May 26, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 May 24, 1998 to May 30, 1998

Extensions Of Time

Cache Bank Financial Corporation, Greeley, Colorado -- extension to August 23, 

1998, to acquire Cache Bank.

- Granted, May 27, 1998 

Kansas City

Central Texas Bankshare Holdings, Inc., Columbus, Texas, and Colorado County 

Investment Holdings, Inc., Wilmington, Delaware -- extension to September 4, 1998, 

to acquire Hill Bancshares Holdings, Inc., Weimar, Texas; Hill Bancshares, Inc., 

Wilmington, Delaware; and Hill Bank & Trust Company, Weimar, Texas.

- Granted, May 29, 1998 

Dallas

Mesquite Financial Services, Inc., Alice, Texas, and Bank of Alice -- extension to 

September 5, 1998, to acquire Charlotte Bancshares, Inc., Charlotte, Texas, and The 

Country Bank.

- Granted, May 28, 1998 

Dallas

PSB BancGroup, Inc., Lake City, Florida -- extension to September 5, 1998, to 

acquire Peoples State Bank (in organization).

- Granted, May 27, 1998 

Atlanta

International Operations

Bankers Trust Company, New York, New York -- waiver of remainder of the 45-day 

notification period to invest in certain special purpose companies.

- Granted, May 27, 1998 

Director, BS&R

MBNA America Bank, NA, Wilmington, Delaware -- to make an additional 

investment in MBNA International Bank Limited, United Kingdom.

- Approved, May 29, 1998 

Philadelphia

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 May 24, 1998 to May 30, 1998

Membership

Alpha Community Bank, Washburn, Illinois -- to become a member of the Federal 

Reserve System.

- Approved, May 28, 1998 

Chicago

Bank of Barnwell County, Barnwell, South Carolina -- to become a member of the 

Federal Reserve System.

- Approved, May 28, 1998 

Richmond

First Country Bank, Urich, Missouri -- to become a member of the Federal Reserve 

System.

- Approved, May 29, 1998 

Kansas City

New Canadian State Bank, Oklahoma City, Oklahoma -- to become a member of the 

Federal Reserve System. 

- Approved, May 29, 1998 

Kansas City

Portage Community Bank, Ravenna, Ohio -- to become a member of the Federal 

Reserve System.

- Approved, May 28, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 7 of 7
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of May 30, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch First Capitol Bank, York, PA, to establish a branch office at 5 6/18/98

West High Street, Red Lion Borough, York, PA, pursuant to

Section 9 of the Federal Reserve Act.

Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Received notification from The Citizens Banking Company,

Salineville, OH on May 29, 1998, to acquire First National Bank

of Chester, Chester, WV, and incident thereto, to establish a

branch.

Newspaper - 6/29/1998

18(c) Received notification from The Commercial Bank, Delphos, OH

on May 29, 1998, to acquire Delphos Interim Bank, Delphos, OH.

Newspaper – 6/29/1998

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Third Quarter of 1998

Institution Location

Apollo Trust Company 201 N. Warren Avenue, Apollo, PA 15613-0247

Community First Bank & Trust 225 N. Main Street, Celina, OH 45822-2201

Iron & Glass Bank 1114 Carson Street, Pittsburgh, PA 15203-1124

The Farmers Citizens Bank Washington Square, Bucyrus, OH 44820

The Ohio Bank 236 S. Main Street, Findlay, OH 45840-0300

Sabina Bank 135 N. Howard Street, Sabina, OH 45169-1152

Shore Bank & Trust Company 540 E. 105 th Street, Cleveland, OH 44108

Somerset Trust Company 151 W. Main Street, Somerset, PA 15501-0777

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter

is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need to defer a

planned examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances.
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of May 30, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Union Bank and Trust Company, Bowling Green, Virginia, 6/27/98

to establish a branch at 6110 Mechanicsville Turnpike,

Mechanicsville, Virginia.*

*Subject to the provisions of the Community Reinvestment Act.

Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

3(a)(5) Anchor Financial Corporation, Myrtle Beach, South Carolina, Fed Reg - N/Avail

to merge with M&M Financial Corporation, Marion, South Newspaper - 6/26/98

Carolina.*

3(a)(5) Anchor Financial Corporation, Myrtle Beach, South Carolina, Fed Reg - N/Avail

to merge with ComSouth Bankshares, Inc., Columbia, South Newspaper - 6/26/98

Carolina.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

4(c)(8) BB&T Corporation, Winston-Salem, North Carolina, to 

acquire W.E. Stanley & Company, Inc., Corporate Group

Services, Inc., and Corporate Compensation Plans of N.C.,

Inc., all of Greensboro, North Carolina.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the

communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress

in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May

1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be

evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's performance under CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Compass Bank, Houston, Texas, to merge with Hill Country Bank,

Austin, Texas.

06-19-98*

* Subject to the provisions of the Community Reinvestment Act*

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Compass Bancshares, Inc., Birmingham, Alabama, Compass

Banks of Texas, Inc., Birmingham, Alabama, and Compass

Bancorporation of Texas, Inc., Wilmington, Delaware, to acquire

Hill Country Bank, Austin, Texas.

Newspaper – 06-19-98*

3(a)(1) Albert J. Ortte Family Limited Partnership, after-the-fact

formation to become a bank holding company by retaining

Metairie Bank & Trust Company, both of Metairie, Louisiana.

N/Avail*

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

COM AmTrade International Bank of Georgia, Atlanta, Georgia,

commitment waiver request.

Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) &

 Branch

Huron Community Bank

East Tawas, Michigan

 Lincoln and Harrisville branch of

 First of America Bank, National Association

 Kalamazoo, Michigan

 423 Main Street

 Harrisville, Michigan

Newspaper – 6/15/1998

Newspaper - Newspaper Comment Period Ending Date

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Larch Bancorporation, Inc.*

Larchwood, Iowa

 Exchange State Bancorporation, Inc.

 Hills, Minnesota

 Exchange State Bank

 Hills, Minnesota

Fed Reg – N/Avail

Newspaper – N/Avail

CIC PSB Corporation

Wellsburg, Iowa

 By PSB Corporation ESOP with 401K Provision

Fed Reg – N/Avail

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(5) Notice by National Commerce Bancorporation, Memphis,

Tennessee, to acquire CBC Bancshares, Inc., Collierville,

Tennessee.*

Newspaper - 6/21/1998

3(a)(3) Notice by Midwest Bancshares, Inc. & Affiliates Employee Stock

Ownership Plan, Poplar Bluf, Missouri, to acquire Midwest

Bancorporation, Inc., Poplar Bluff, Missouri.*

Newspaper - 6/29/1998

Fed Reg - N/Avail

3(a)(1) Notice by RVB Bancshares, Inc., Russellville, Arkansas, to

become a bank holding company through the acquisition of River

Valley Bank, Russellville, Arkansas (previously reported during

the week of May 18, 1998).*

Fed Reg - 6/22/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

105549 Bank of Bentonville

Bentonville, Arkansas

2/23/1998 5/26/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

CIC Winter-Park Bancshares Reciprocal Voting Trust to acquire

control of 100% of the voting shares of Winter-Park Bancshares,

Inc., Cameron, Wisconsin.

Fed Reg - 6/17/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) United Community Bancshares, Inc., Eagan, Minnesota, to engage

de novo in non-depository trust company activities through United

Trust Company National Association (in organization), Eagan,

Minnesota, a joint venture with North Central Trust Company, La

Crosse, Wisconsin.

6/17/1998
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch BancFirst, Oklahoma City, Oklahoma, for prior approval to

establish a branch at 2320 Broadway Extension, Edmond,

Oklahoma.

Newspaper – N/Avail

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) AmCorp Financial, Inc., Ardmore, Oklahoma, for prior approval to

acquire 100 percent of the voting shares of First State Bank,

Morton, Texas.

Newspaper – N/Avail

Fed Reg – N/Avail

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Member

Member

FirstBank of Vail, Vail, Colorado, for membership in the Federal

Reserve System.

Chickasha Bank & Trust Company, Chickasha, Oklahoma, for

membership in the Federal Reserve System.
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) CBOT Financial Corporation, New Waverly, TX,

to engage in loan brokering activites

Fed Reg - 06/17/1998

Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

1447639 Bank of the West

500 North Mesa

El Paso, TX 79901

10/20/1997 05/30/1998 O X

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 30, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Member First State Bank, Flagstaff, Arizona, to become a member of the

Federal Reserve System.*

Newspaper - N/Avail

* Subject to the provisions of the Community Reinvestment Act

 Newspaper – Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)

Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Security Bank Holding Company and Security Bank Holding

Company Employee Stock Ownership Plan, both of Coos Bay,

Oregon, to acquire McKenzie State Bank, Springfield,

Oregon.*

Newspaper - 6/30/1998

Fed Reg - 6/26/1998

3(a)(1) Arizona Bancshares, Inc., Flagstaff, Arizona, to become a bank

holding company by acquiring First State Bank, Flagstaff,

Arizona.*

Newspaper - N/Avail

Fed Reg - 6/22/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper – Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of

the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the

Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was

revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community

be evaluated periodically. That record is taken into account in considering an institution's application for deposit

facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None