Federal Reserve Bank of Richmond
jon Vv ilabili £ CRA Publi 1 *

Week ending January 24, 1997
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 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_ _ Rating
Security Bank Corporation
8780 Centreville Road
Manassas, Virginia 22110-5204 10-21-96 Satisfactory



FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 1/24/97

Sect ~ Availability of CRA Public Evaluati

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.
nstitution ocation Examination Date Ratina*

None

*Under the rating system an institution's CRA performance is assigned one of the following
four ratings:

Qutstanding 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 comunity, 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 recds 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.

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 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.



FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 20, 1997

TION I - TION: ECT Ti PE!
NOTICE ONLY
APPLICATION TL Pp
None.
CTION -_ AP CT 10
N ER_ANI ERAL RI R NOT.
APPLICATION ** NOT EXP

*Section 3(a)(1) application by

First Alamogordo Bancorp of Nevada, Inc.,

Reno, NV, to acquire First National Bank of

Alamogordo, Alamogordo, NM, and First National

Bank, of Ruidoso, Ruidoso, NM

(Previously reported during the week of 12-16-96) 97/02/01

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER

NOTICE ONLY
APPI TION NOTICE EXP
None.
SECTION IV _- APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
R API T
APPLICAT
None.

* SUBJECT TO CRA.
%* EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.



FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS RE! ‘D AND 'T TO NE' APER

NONE

TION Iii - LICATION: EIVED AN TT DE
REGISTER NOTICE ONLY

NONE



Federal Reserve Bank of Chicago

Section L - Applications Subj N
Notice Only

Type Application

Branch Royal American Bank
Inverness, Illinois
One Tiffany Pointe
Bloomingdale, Illinois

Merger & Branch La Salle State Bank
La Salle, Illinois
Community Bank of Utica
Utica, Illinois
100 Mill Street
Utica, Illinois

Branch 1St Source Bank
South Bend, Indiana
2900 South State Street
St. Joseph, Michigan

NP - Newspaper
FR - Federal Register

* - Subject to Provisions of Community Reinvestment Act
** _ Not available at this time

Comment
Period
Ending Date

NP - 1-31-97

NP - 2-3-97

NP - 2-10-97



H.2

JANUARY 21, 1997 TO JANUARY 24, 1997

PAGE 5

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

BANKS, STATE MEMBER

Director, BS&R Ambassador Bank of the Commonwealth, Allentown,

St. Louis

CHANGE IN BANK CONTROL

Boston

Pennsylvania -- registration as transfer agent.
Withdrawn, January 22, 1997.

Security Bank, Harrison, Arkansas -- payment of a
dividend.
Approved, January 24, 1997.

Granite State Bankshares, inc., Keene, New
Hampshire -- change in bank control.
Permitted, January 22, 1997.

COMPETITIVE FACTORS REPORTS

Kansas City

Kansas City

St. Louis

Atlanta

Dallas

St. Louis

American National Bank of Lawton, Lawton, Oklahoma,
proposed merger with AmQuest Bank, N.A. -- report
on competitive factors.

Submitted, January 24, 1997.

Bank of Oklahoma, N.A., Tulsa, Oklahoma, proposed
merger with BancOklahoma, Trust Company -- report
on competitive factors.

Submitted, January 22, 1997.

Boh Bank, Herrin, Illinois, proposed merger with Bank
of Herrin -- report on competitive factors.
Submitted, January 22, 1997.

Community Banking Company of Fitzgerald, Fitzgerald,
Georgia, proposed merger with Interim Fitzgerald
Company ~- report on competitive factors.

Submitted, January 23, 1997.

Compass Bank, Houston, Texas, proposed acquisition of
the assets and assumption of the liabilities of a
branch at 6011 North Main, Crosby, of Bank One,
Texas, N.A., Dallas, Texas ~- report on competitive
factors.

Submitted, January 22, 1997.

CSB Bank, Carterville, Illinois, proposed merger with
Carterville State and Savings Bank -- report on
competitive factors.

Submitted, January 22, 1997.



KANSAS CITY RESERVE BANK APPLICATIONS AND REPORTS RECEIVED
During the week ending January 24, 1997

- APP) T E
APPLICATION COMMENT PERIOD ENDING DATE
Community Bank of Parker, Parker, Colorado, for Not Available

prior approval to establish a branch at 165 Mainstreet,
Elizabeth, Colorado.

13, It - APP’ Ni TTOB
NE R D I TICE
APPLICATION COMMENT PERIOD ENDING DATE
John William Lowry, Ada, Oklahoma, for prior February 14, 1997

approval to acquire an additional 19.70 percent, for a
total of 39.18 percent, and Denzil Floyd Lowry, Jr.,
Ada, Oklahoma, to acquire an additional 19.70
percent, for a total of 35.44 percent, of the voting
shares of Oklahoma State Bancorporation, Inc., Ada,
Oklahoma.

Community Bankshares, Inc., Denver, Colorado, for February 24, 1997
prior approal to acquire 100 percent of the voting

shares of First Western National Bank, La Jara,

Colorado. *

FirstBank Holding Company of Colorado, Lakewood, February 25, 1997
Colorado, for prior approval to acquire 100 percent of

the voting shares of FirstBank of Evergreen,

Lakewood, Colorado.*

TI I - APPLICATION: T TO FED RE R
APPLICATION MI T D
None.
T = ICATI TT
OR NEWSPAPER NOTICE
APPLICAT:

None.



Fe Reserve Bank Atlanta
Applications Bulletin for Week Ending January 24, 1997

ection 1 - Applications Subject to Newspaper Notice only

Applicatio Comment Period Ending Date
1st United Bank Not yet available*

Boca Raton, Florida
To merge with Island National Bank and Trust Company, Palm Beach, Florida,
pursuant to Section 18(c) of the Federal Reserve Act.

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

ati mmen’

Republic Bancshares, Inc. Not yet available*

St. Petersburg, Florida
To acquire Firstate Financial, F.A., Orlando, Florida, and thereby engage in
operating a savings association, pursuant to Section 225.25(b) (9) of Regulation
Y and Section 4(c) (8) of the Bank Holding Company Act.

Section 3 - Applications Subject to Federal Register Only

ion Comment Period Ending Date
Regions Financial Corporation Not yet available*

Birmingham, Alabama
To merge with West Carroll Bancshares, Inc., Oak Grove, Louisiana, and thereby
directly acquire West Carroll National Bank of Oak Grove, Oak Grove, Louisiana,
pursuant to Section 3(a) (5) of the Bank Holding Company Act.

ection 4 - Applications Not Subject to
deral x Notice or News| i

pplication

1st United Bancorp

Boca Raton, Florida

Request for waiver of the application requirement of Section 3(a) (3) of the Bank
Holding Company Act to acquire Island National Bank and Trust Company, Palm Beach,
Florida.

*Subject to provisions of the Community Reinvestment Act.



Federal Reserve Bank of Chicago

- ications j wspaper. al
ister Noti "

3(a)(3) First Financial Bancorporation* FR - 02-3-97
Towa City, Iowa NP - **
West Branch Bancorp, Inc.
West Branch, Iowa
West Branch State Bank
West Branch, Iowa

COC-HC La Salle Bancorp, Inc. FR - 2-4-97
La Salle, Illinois NP - 2-6-97
By S.C. Investment, L.P., Gerald F. Fitzgerald, Jr.,
Julie F. Schauer, Thomas G. Fitzgerald,
Otis Road Investment, L.P.

3(a)(1) Damen Financial Corporation* FR - 2-7-97
Schaumburg, Illinois NP - 2-2-97
Damen National Bank

Schaumburg, Illinois

3(a)(3) Firstbank of Illinois Co.* FR - 2-14-97
Springfield, Illinois NP - **
BanCentral Corporation
Champaign, Illinois
Central National Bank of Mattoon
Mattoon, Illinois

3(a)(1) First Equity Corp.* FR - **
Skokie, Illinois NP - **
1st Equity Bank

Skokie, Illinois (in organization)



fel
Applications Bulletin for Week Ending January 24, 1997

ection 10 - Availability of CRA Public Evaluation

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 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 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.

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.

. ;
Bank CRA Rating Date

None.



5 AILABILITY OF PUBL L
Identification of Ratings

In connection with the assessment of each insured depository institution's CRA performance, a
rating is assigned from the following groups:

Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and 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.

CRA Public CRA
Bank/Location Exam Date —Date_ —Rating _
Vectra Bank 09/30/96 01/24/97 Satisfactory

P.O. Box 22296
Denver, Colorado 80222-0296

*Application is subject to CRA.



Federal Reserve Bank of Richmond

yn T= i i sul

applicati

Heritage Bank and Trust, Norfolk,
Virginia, to establish a branch at
4807 Colley Avenue, Norfolk, Virginia.*

First Virginia Bank of Tidewater, Norfolk,
Virginia, to establish a branch inside the
Wal-Mart SuperCenter at 2021 Lynnhaven
Parkway, Virginia Beach, Virginia.*

ion > Appli ion:
Ww ex Feder. Ri

pplication

NewSouth Bancorp, Inc., Washington, North
Carolina, to become a bank holding company
through the acquisition of 100% of the
voting shares of NewSouth Bank, Washington,
North Carolina, the proposed successor to
Home Savings Bank, SSB, Washington, North
Carolina.*

First Union Corporation, Charlotte, North
Carolina, to acquire Boca Raton First
National Bank, Boca Raton, Florida.*

Peoples Bancorp, Inc., Chestertown, Maryland,
to become a bank holding company through the
acquisition of 100% of the voting shares of
Peoples Bank of Kent County, Maryland,
Chestertown, Maryland.*

Endi

2-20-97

2-20-97

Endi

2-10-97

2-16-97

2-24-97


FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

SECTION I - APPLICATIONS SUBJECT TO

R TICE
NONE
= PLI I
Ei E

Appli . C iod_Endi
Affiliated Community Newpaper Not Yet Established
Bancorp, Inc., Waltham,
Massachusetts - section Federal Register 02-18-97
3(a) (3) application to
acquire Middlesex
Bank & Trust Co. (in
organization), Newton,
Massachusetts*
Bank of Boston Corporation, Newspaper Not Yet Established
Boston, Massachusetts, and
BayBanks, Inc., Boston, Federal Register 02-14-97

Massachusetts - 3(a) (3)
application to acquire
BankBoston (NH), National
Association, Nashua,

New Hampshire*

NONE

NONE



FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only

Comment Period
Application Ending Date__
First Heritage Bank, Lakeville, Minnesota, a de novo Not yet available
bank, proposes to become a member of the Federal
Reserve System.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Feder: ister Noti
Comment Period
Application Ending Date
GB. Financial Services, Inc., Greenbush, Minnesota February 2, 1997
for prior approval to acquire 100% of the voting shares (Federal Register)
of Border Bancshares, Inc., Greenbush, Minnesota. *
Provincial Corporation, Minneapolis, Minnesota for February 21, 1997
prior approval to acquire 100% of the voting shares (Federal Register)

of First Heritage Bank, Lakeville, Minnesota, a de novo bank. *

*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Application Ending Date
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application

BANKFIRST, Sioux Falls, South Dakota, proposes to become
a member of the Federal Reserve System.



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 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 January 24, 1997. 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 has a 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. ~

SN - An institution in this group has a substantial noncompliance 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 capabilies.

BANK NAME/LOCATION EXAMINATION DATE RATING

F&M Bank-Fennimore
1275 10th Street
Fennimore, Wisconsin 53809-1417
(608) 822-3248 9/30/96 oO

Central Trust and Savings Bank

401 West Main Street

Cherokee, Iowa 51012-0518

(712) 225-2546 9/16/96 oO

Midwest Bank of Hinsdale

500 West Chestnut Street

Hinsdale, Illinois 60521

(630) 323-0400 9/30/96 Ss



H.2
JANUARY 21, 1997 TO JANUARY 24, 1997
PAGE 7

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

COMPETITIVE FACTORS REPORTS

New York

EXTENSIONS OF TIME

St. Louis

Atlanta

San Francisco

Minneapolis

Kansas City

Dallas

New York

United National Bank, Califen, New Jersey, proposed
merger with Parrington Bank, North Brunswick, New
Jersey -- report on competitive factors.

Submitted, January 24, 1997.

Belgrade State Bank, Potosi, Missouri -- extension to
March 18, 1997, to open a branch at 414 North State
Street, Deslodge, Missouri.

Granted, January 22, 1997.

Compass Bank, Birmingham, Alabama -- extension to
February 27, 1998, to establish a branch at 1003
Highway 72 East, Athens, Alabama.

Granted, January 21, 1997.

DNB Financial, Riverside, California ~- extension to
divest certain property.
Granted, January 22, 1997.

First Manistique Corporation, Manistique, Michigan --
extension to March 1, 1997, to acquire UP
Financial, Inc., Ontonagon, Michigan.

Granted, January 22, 1997.

Hometown Banc Corp., Grand Island, Nebraska --
extension to May 9, 1997, to acquire Five Points
Bank, Grand Island, Nebraska -- report on
competitive factors.

Granted, January 21, 1997.

Quachita Bancshares Corp., West Monroe, Louisiana --
extension to April 1, 1997, to acquire Quachita
Independent Bank, Monroe, Louisiana.

Granted, January 24, 1997.

Summit Bank, Hackensack, New Jersey -~ extension to
April 18, 1997, to merge with Central Jersey
Savings Bank, SLA, East Brunswick, New Jersey.

Granted, January 24, 1997.



H.2

JANUARY 21, 1997 TO JANUARY 24, 1997

PAGE 6

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

COMPETITIVE FACTORS REPORTS

Dallas

Dallas

Dallas

Richmond

Richmond

Chicago

Dallas

First Bank Anna, LBA., Anna, Texas, proposed merger
with First Bank Anna -- report on competitive
factors.

Submitted, January 23, 1997.

First Federal Savings Bank of New Mexico, Roswell,
New Mexico, proposed merger with New First Federal
Savings Bank of New Mexico -- report on competitive
factors.

Submitted, January 23, 1997.

First National Bank of Winnsboro, Winnsboro, Texas,
proposed merger with Winnsboro Bank and Trust -~
report on competitive factors.

Submitted, January 23, 1997.

First-Citizens Bank & Trust Company, Raleigh, North
Carolina, proposed purchase of certain assets and
assumption of certain liabilities of the
Hayesville, Robbinsville, and Tryon, North
Carolina, branches of First Union National Bank of
North Carolina, Charlotte, North Carolina -- report
on competitive factors.

Submitted, January 24, 1997.

First-Citizens Bank and Trust Company of South
Carolina, Columbia, South Carolina, proposed
purchase of certain assets and assumption of the
liabilities of the Sumter branch of First
Union National Bank of South Carolina, Greenville,
South Carolina -- report on competitive factors.

Submitted, January 24, 1997.

People's Trust Company, Brookville, Indiana, proposed
purchase of the assets and assumption of the
liabilities of the Hanover branch of Madison First
Federal Savings and Loan Association, Madison,
Indiana -- report on competitive factors.

Submitted, January 21, 1997.

Sanger Bank, Sanger, Texas, proposed merger with
Sanger Acquisition Corporation -- report on
competitive factors.

Submitted, January 23, 1997.



Federal Reserve Bank of Richmond

Application Comment Period Ending Date

None.

*Application is subject to CRA requirements.

x. i xr Noti News ic

None.



H.2 ADDITIONS AND CORRECTIONS
JANUARY 21, 1997 TQ JANUARY 24, 1997
PAGE 9

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES

Examination frequency guidelines -- joint interim
rule and request for comment on the expanded
examination frequency cycle permitted under recent
legislation.

Approved, December 23, 1996.



Federal Reserve Bank of Chicago

- Applicatic i N nd Feder:

ister
Comment
Period
Type Application Ending Date
3(a)(1) AmeriMark Financial Corporation.* FR - 12-20-96
Oak Brook, Illinois NP - 1-12-97
Duco Bancshares, Inc.
Villa Park, Illinois
Bank of Illinois in DuPage
Villa Park, Illinois
3(a)(1) Vermilion Bancorp, Inc.* FR - 1-24-97
Danville, [linois NP - 1-17-97
American Savings Bank of Danville
Danville, Illinois
3(a)(1) Michigan Heritage Bancorp, Inc.* FR - 1-24-97
Novi, Michigan NP - 1-13-97
Michigan Heritage Bank (in organization)
Novi, Michigan
3(a)(1) Iron Horse Bancshares, Inc.* FR - 1-21-97
Mazomanie, Wisconsin NP - 1-13-97
The Peoples State Bank of Mazomanie, Wisconsin
Mazomanie, Wisconsin
COC-HC Antioch Holding Company FR - **
Antioch, Illinois NP - **

By Randolph S. Miles



ANNOUNCEMENT H.2, 1997, No. 4
Actions of the Board, its Staff, and

BOARD OF GOVERNORS the Federal Reserve Banks;
OF THE Applications and Reports Received
FEDERAL RESERVE SYSTEM During the Week Ending January 25, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTINONY AND STATEMENTS

Current economic perspectives -- statement by
Chairman Greenspan before the Senate Committee on
the Budget, January 21, 1997.

Published, January 21, 1997.

BANK HOLDING COMPANIES

NationsBank Corporation, Charlotte, North Carolina,
and NB Holdings Corporation -- request for
reconsideration of the Board's approval of the
applications to acquire Boatments Bancshares, Inc.,
St. Louis, Missouri.

Denied, January 21, 1997.

BANKS, FOREIGN

Swiss Bank Corporation, Basle, Switzerland -- to
establish a state-licensed branch in Stamford,
Connecticut.

Approved, January 21, 1997.

Interagency Notice of Change in Control, Interagency
Notice of Change in Director or Senior Executive
| Officer, and Intragency Biographical and Financial
: Report (FR 2081a, 2081b, and 2081c) -- extension
with revision.
Approved, January 23, 1997.

REGULATIONS AND POLICIES

Basle Committee on Banking Supervision -- request for
comment on paper containing a set of Principles for
. the Management of Interest Rate Risk.

Announced, January 23, 1997.

Regulation Z -- request for comment on amendments
that would incorporate statutory changes that
streamlined certain variable-rate mortgage
disclosures (Docket R-0960).

Approved, January 23, 1997.



FEDERAL RESERVE BANK OF NEW YORK

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
Notice Only
National Bank of Canada, Montreal, Canada, to establish representative
offices in St. Louis, Missouri, and New Orleans, Louisiana. N/A

SECTION II

Applications Subject to Both
Newspaper and Federal Register Notice

None.
SECTION TI
Nonbanking Applications
{subject to Federal Register Notice Only )
None.

SECTION IV

Applications Not Involving
Public Comment

Morgan Guaranty International Finance Corporation, Newark,
Delaware, to invest in a subsidiary to be formed in Nassau, Bahamas.

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.



Institution Examination Date Rating**

NONE

*Subject to CRA.

**Rating Definitions: "O" - Outstanding; "S" - Satisfactory; "N" - Needs to
Improve; "SN" - Substantial Noncompliance



FEDERAL RESERVE BANK OF ST. LOUIS

FOR THE WEEK ENDING January 24, 1997
SECTION V - AVAILABILITY OF CRA PUBLIC DISCLOSURES

Identification 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 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.

Boatmen’s Bank of Vandalia, Missouri 10/21/96 Satisfactory
andalia, MO



Federal Reserve Bank of St. Louis

FOR THE WEEK ENDING JANUARY 24, 1997

TI - T P,
Application End of Comment Period
None.
IJ - APP’
a R T
Applicati End of C Period

Change in control notification involving
Omni Bancorp, Inc., Effingham, Illinois,

by Gerald L. and Shirley M. Moon. N/A
Ei - AP] T. E) T!
None.
IN IV - LICATI T FE) E
FE) ICE
Application End of Comment Period


H.2

JANUARY 21, 1997 TO JANUARY 24, 1997
PAGE 8

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

MEMBERSHIP

Richmond Bank of the Eastern Shore, Cambridge, Maryland -- to
become a member of the Federal Reserve System.
Approved, January 22, 1997.

SECURITIES REGULATION

Director, BS&R Over-the-counter stocks -- revised list of OTC stocks
subject to margin requirements, and a list of
foreign margin stocks.

Published, January 24, 1997.



icati

1st United Bancorp
Boca Raton, Florida

To engage in securities brokerage activities, pursuant to Section 225.25 (b) (15)
of Regulation Y and Section 4(c) (8) of the Bank Holding Company Act.

Not yet available*



FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS APPROVED DURING THE WEEK OF JANUARY 20, 1997

APPLICATION DATE

None.



FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 1/24/97

Section I _- Applications Subject to Newspaper Notice Only

lication C Period Ending D
None

Section IL - Applicati Subj B

Newspaper and Federal Register Notice

Bank SinoPac, Taipei, Taiwan, to become a Newspaper: 2/03/97
bank holding company by acquiring Far East
National Bank, Los Angeles, California. * Fed. Reg.: 1/27/97
Santa Barbara Bancorp, Santa Barbara, Newspaper; 2/16/97
California, to acquire First Valley Bank,
Lompoc, California. * Fed. Rea.: 2/21/97

Section II] -Applications Subject to Federal Register Only

None

Section IV - Applications Not Subject to Federal Reaister Notice
or Newspaper Notice

None

* Subject to CRA.



Type

4(c)(8)

4©(8)

4(c)(8)

Federal Reserve Bank of Chicago

II - ic:
Notice Only cont'd
Application

AmeriMark Financial Corporation

Oak Brook, Illinois
Banill Corporation
Villa Park, Illinois

Vermilion Bancorp, Inc.
Danville, Illinois

To engage de novo in the activity
of lending funds to the ESOP and making and servicing

loans.

Blackhawk Bancorp, Inc.

Beloit, Wisconsin
Rochelle Bancorp, Inc.
Rochelle, Illinois

Rochelle Savings Bank, S.B.

Rochelle, Illinois

di

Ri

Comment Period
Ending Date

FR - 12-20-96

FR - 2-11-97

FR - **


H.2

PAGE 4

JANUARY 21, 1997 TO JANUARY 24, 1997

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

BANK HOLDING COMPANIES

St. Louis

St. Louis

Dallas

Dallas

San Francisco

Chicago

BANK MERGERS

Richmond

Illinois Community Bancorp, Inc., Effingham, Illinois
-- to continue to engage in leasing of personal
property through retention of Illinois Leasing
Corporation, Inc.

Returned, January 23, 1997.

Mercantile Bancorporation Inc., St. Louis, Missouri -
- to acquire Mark Twain Bancshares, Inc., St.
Louis, Missouri.

Approved, January 22, 1997.

Mission-Heights Management Company, Ltd.,
Channelview, Texas -- request for waiver of
application to acquire First Northwestern Bank,
N.A., Houston, Texas.

Granted, January 21, 1997.

Prime Bancshares, Inc., Channelview, Texas -- request
for waiver of application to acquire First
Northwestern Bank, N.A., Houston, Texas.

Granted, January 21, 1997.

Security Bank Holding Company Employee Stock
Qwnership Plan, Coos Bay, Oregon, and Security Bank
Holding Company -- to form a joint venture with
United Real Estate Brokers, Inc., and engage in
mortgage brokerage activities.

Permitted, January 23, 1997.

Vanderbilt Holding Company, Inc., Fairfax, Iowa -- to
acquire Fairfax State Bank.
Returned, January 22, 1997.

Farmers Bank of Maryland, Annapolis, Maryland -- to
merge with First Virginia Bank-Central Maryland,
Bel Air, Maryland.

Approved, January 22, 1997.



FEDERAL RESERVE BANK OF PHILADELPHIA

T : IL PUBLI TI

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 January 24, 1997.

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.

Bank/I . Examination D CRA Rati
NONE NONE NONE



AVAILABILITY OF CRA PUBLIC EVALUATIONS
(January 24, 1997)

The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended January 24, 1997. 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 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: a bank 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 NON COMPLIANCE: a bank 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.

The Ottoville Bank Company
161 West 3rd Street
Ottoville, OH 45876

Rating: Satisfactory

Exam Date: 9-3-96
Disclosure: 1-21-97

RSSD#: 443625



H.2
JANUARY 21, 1997 TO JANUARY 24, 1997
PAGE 3

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

BANK HOLDING COMPANIES

Chicago

Boston

Philadelphia

Philadelphia

St. Louis

Cleveland

Dallas

St. Louis

Blackhawk Bancorp, Inc., Beloit, Wisconsin -- to
acquire Rochelle Bancorp, Inc., Rochelle, Illinois,
and Rochelle Savings Bank, S.B.

Returned, January 24, 1997.

BostonFed Bancorp, Inc., Burlington, Massachusetts --
to acquire Broadway Capital Corp., Chelsea,
Massachusetts, and to retain Boston Federal Savings
Bank.

Approved, January 23, 1997.

Commerce Bancorp, Inc., Cherry Hill, New Jersey --
request for relief from certain commitments
involving an investment in Independence Bancorp,
Inc., Ramsey, New Jersey.

Granted, January 23, 1997.

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- to
acquire Independence Bancorp, Inc., Ramsey, New
Jersey.

Approved, January 23, 1997.

First Commercial Corporation, Little Rock, Arkansas -
~ to merge with W.B.T. Holding Company, Memphis,
Tennessee, and acquire United American Bank.

Approved, January 22, 1997.

FJSB Bancshares, Inc., Fort Jennings, Ohio -- to
acquire shares of The Fort Jennings Bank.
Approved, January 24, 1997.

IBID, Inc., Wilmington, Delaware -- request for
waiver of application to acquire First Northwestern
Bank, N.A., Houston, Texas.

Granted, January 21, 1997.

Illinois Community Bancorp, Inc., Effingham, Illinois
-- to become a bank holding company by converting
Tllineis Savings Bank, FSB to a state-chartered
nonmember hank

Returned, January 23, 1997.



ECT. = TY_OF PUBI VALU,
FOR THE WEEK OF JANUARY 20, 1997

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.

. Jate of
Bank Examination RA Rating
First State Bank
125 E. DaVilla
P. 0. Box 38
Granger, TX 76530-0038 96/10/15 Satisfactory

403058



COCc-HC

COC-HC

3(a)(1)

3(a))

3(a)(3)

Federal Reserve Bank of Chicago

Application

APM Bancorp, Inc.
Buffalo, lowa
By James A. Matthys

Gilman Investment Company

Montezuma, Iowa
By Todd E. Arendt & Revocable trust agreement
of Angela D. Hulin

Vanderbilt Holding Company, Inc.*

Fairfax, Iowa

Fairfax State Savings Bank
Fairfax, Iowa

County Bancorp, Inc.*
Manitowoc, Wisconsin
Investors Community Bank
Manitowoc, Wisconsin (in organization)

Amcore Financial, Inc.*
Rockford, Illinois
First National Bancorp, Inc.
Monroe, Wisconsin
First National Bank and Trust
Monroe, Wisconsin

Comment
Period
Ending Date

FR - 1-10-97
NP - 1-23-97

FR - 2-4-97
NP - 1-24-97

FR - 1-24-97
NP - 1-30-97

FR - 1-27-97
NP - 1-6-97

FR - 1-24-97
NP - 1-19-97



H.2

JANUARY 21, 1997 TO JANUARY 24, 1997

PAGE 2

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, DOMES.i¢

Richmond

Chicago

Chicago

BANK HOLDING COMPANIES

St. Louis

Director, BS&R

Chicago

San Francisco

Minneapolis

Bank of Tidewater, Virginia Beach, Virginia -- to
operate a mobile branch to pick up noncash deposits
of business customers at locations in Virginia
Beach, Norfolk, and Chesapeake, Virginia.

Approved, January 21, 1997.

First American Bank, Carpentersville, Illinois -- to
establish a branch at the northeast corner of
Randall Road and Gleneagle Drive, Geneva, Illinois.

Approved, January 21, 1997.

First Bank & Trust of Evanston, Evanston, Illinois --
to establish a branch at 2925 Central Street,
Evanston, Illinois.

Approved, January 21, 1997.

Ameribanc, Inc., St. Louis, Missouri -- to acquire
Mark Twain Bancshares, Inc.
Approved, January 22, 1997.

Bank Corporation of Georgia, Macon, Georgia -~
transfer agent registration
Approved, January 22, 1997.

Bank of Montreal, Toronto, Canada -- to engage de
novo in mortgage banking and brokerage activities
through Cebra, Inc.

Permitted, January 24, 1997.

Bank of Whitman Employee Stock Ownership Plan,
Colfax, Washington, to acquire Whitman
Bancorporation, Inc.

Approved, January 24, 1997.

BankWest Financial, Inc., Kalispell, Montana -- to
acquire BankWest, N.A.
Approved, January 24, 1997.



FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of

CRA Public Evaluations
week ending January 24, 1997

MENT OF RATIN
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.

BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING
Dacotah Bank October 15, 1996 Satisfactory
P.O. Box 248

Faulkton, SD 57438-0248
(605) 598-6211


ROS

ROS

Federal Reserve Bank of Chicago

Applicati

La Salle Bancorp, Inc.

La Salle. Illinois
To redeem 16,472 shares of outstanding common
stock

Halbur Bancshares, Inc.

Halbur, Iowa
To redeem 1,927.5 or 50% of its outstanding common
stock

1 Noti


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.

Week Ending Jan 25, 199

NAME OF BANK TIN IN. IN

Summit Bank
301 Carnegie Center
Princeton, New Jersey 08543-2066

T/ Subject to provisions of Community Reinvestment Act.

2/ Later of 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

E



APPLICATIONS BULLETIN
(For the week ending January 25, 1997)

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Received application for membership in the Federal Reserve *February 21, 1997
System from Citizens Deposit Bank & Trust Company,
Vanceburg, Kentucky, on January 24, 1997.

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

Received Section 3(a)(3) application from F.N.B. Corporation, * Not Yet Known #
Hermitage, Pennsylvania, and Southwest Banks, Inc., Naples,

Florida, on January 24, 1997, to acquire West Coast Bancorp,

Inc., Cape Coral, Florida.

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

# - Expected to End 30 Days from Date of Receipt