Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 25

Week Ending June 17, 2000

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions June 11, 2000 to June 17, 2000

Testimony And Statements

Commodity Futures Modernization Act -- statement by Mr. Parkinson, Associate 

Director, Division of Research and Statistics, before the Subcommittee on Risk 

Management, Research, and Specialty Crops, House Agriculture Committee, June 

14, 2000.

- Published, June 14, 2000 

Merchant banking proposals -- statement by Governor Meyer before two 

subcommittees of the Senate Committee on Banking, Housing, and Urban Affairs, 

June 13, 2000.

- Published, June 13, 2000 

Bank Mergers

The Chase Manhattan Bank, New York, New York -- to merge with Chase Bank of 

Texas, Houston, Texas, and thereby establish branches.

- Approved, June 14, 2000 

Banks, Foreign

Dresdner Bank AG, Frankfurt, Germany -- request for temporary exemption to 

retain an investment in Fresenius AG, Bad Homburg.

- Granted, June 14, 2000 

International Operations

Wells Fargo Bank, N.A., San Francisco, California -- to establish a branch in Hong 

Kong.

- Approved, June 12, 2000 

Regulations And Policies

Information security standards -- request for comment on proposed interagency 

standards for safeguarding customer information under the Gramm-Leach-Bliley Act.

- Approved, June 12, 2000 

Retail credit policy -- revised interagency Uniform Retail Credit Classification and 

Account Management Policy to guide financial institutions in classifying or writing 

off delinquent loans and credit lines.

- Published, June 12, 2000 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions June 11, 2000 to June 17, 2000

Enforcement

The Bank of New York, New York, New York -- order of prohibition against 

Lawrence Michaelessi, a former employee and institution-affiliated party of the 

bank's Rochester branch.

- Announced, June 14, 2000 

(AC) = Addition or Correction Board - Page 2 of 2
June 11, 2000 to June 17, 2000

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

Bank of the Commonwealth, Norfolk, Virginia -- to establish a branch at Old 

Dominion University, 5201 Hampton Boulevard.

- Approved, June 14, 2000 

Richmond

Colonial Bank, Montgomery, Alabama -- to establish a branch at 305 Church Street, 

Huntsville.

- Approved, June 14, 2000 

Atlanta

First Virginia Bank-Colonial, Richmond, Virginia -- to establish a branch at 

Lakewood Manor, 1900 Lauderdale Drive.

- Approved, June 14, 2000 

Richmond

IBJ Whitehall Bank & Trust Company, New York, New York -- to establish a 

branch at 320 Park Avenue.

- Approved, June 15, 2000 

New York

Libertyville Bank & Trust Company, Libertyville, Illinois -- to establish a branch at 

495 W. Liberty Street, Wauconda.

- Approved, June 16, 2000 

Chicago

Bank Holding Companies

Antioch Holding Company, Antioch, Illinois -- to acquire shares of Lakes Region 

Bancorporation, Inc., Third Lake.

- Returned, June 14, 2000 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Bank Holding Companies

BancorpSouth, Inc., Tupelo, Mississippi -- request for waiver in connection with the 

proposed acquisition of First United Bancshares, Inc., El Dorado, Arkansas, and 

merger of First United's eleven subsidiary banks and one trust company into 

BancorpSouth Bank, Tupelo.

- Approved, June 16, 2000 

St. Louis

Bankoelwein, Inc., Oelwein, Iowa -- to become a bank holding company through the 

acquisition of Community Bank of Oelwein.

- Approved, June 15, 2000 

Chicago

City Savings Bancshares, Inc., DeRidder, Louisiana -- to become a bank holding 

company through the acquisition of City Savings Bank & Trust Company.

- Approved, June 12, 2000 

Atlanta

FGB Bankshares, Inc., Hammond, Louisiana -- to become a bank holding company 

through the acquisition of First Guaranty Bank.

- Withdrawn, June 16, 2000 

Atlanta

Franklin Bancorp, Inc., Washington, Missouri -- to become a bank holding company 

through the acquisition of Bank of Franklin County.

- Approved, June 16, 2000 

St. Louis

Greater Bay Bancorp, Palo Alto, California -- to acquire Bank of Santa Clara, Santa 

Clara.

- Approved, June 14, 2000 

San Francisco

Harris Financial MHC, Harrisburg, Pennsylvania -- relief from commitments.

- Granted, June 13, 2000 

Philadelphia

(AC) = Addition or Correction Delegated - Page 2 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Bank Holding Companies

Horizon Bancorporation, Bradenton, Florida -- modification of a commitment.

- Approved, June 12, 2000 

Atlanta

Lima Bancshares, Inc., Lima, Illinois -- to retain shares of East Dubuque Bancshares, 

Inc., East Dubuque, and its subsidiary, East Dubuque Savings Bank, and thereby 

operate a savings association.

- Approved, June 14, 2000 

St. Louis

MCNB Holding Company, Inc., Welch, West Virginia -- to become a bank holding 

company through the acquisition of McDowell County National Bank in Welch.

- Approved, June 15, 2000 

Richmond

Minnwest Corporation, Minnetonka, Minnesota -- to acquire Minnwest Bank Sioux 

Falls, Sioux Falls, South Dakota, a de novo bank.

- Approved, June 12, 2000 

Minneapolis

Pacific Capital Bancorp, Santa Barbara, California -- to acquire San Benito Bank, 

Hollister.

- Approved, June 12, 2000 

San Francisco

Pacific Capital Bancorp, Santa Barbara, California -- to merge with Los Robles 

Bancorp, Thousand Oaks, and thereby acquire Los Robles Bank.

- Approved, June 12, 2000 

San Francisco

PrivateBancorp, Inc., Chicago, Illinois -- to acquire The PrivateBank, St. Louis, 

Missouri.

- Approved, June 14, 2000 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Bank Holding Companies

State National Bancshares, Inc., Lubbock, Texas -- to acquire Independent 

Bankshares, Inc., Abilene; First State Bank, N.A., and Independent Financial 

Corporation, Dover, Delaware.

- Approved, June 15, 2000 

Dallas

Three Rivers Bankshares, Inc., Fort Gibson, Oklahoma -- to become a bank holding 

company through the acquisition of Fort Gibson Bancshares, Inc.

- Approved, June 16, 2000 

Kansas City

Union Bancshares, MHC, Freeport, Illinois, and USB Bankshares, Inc. -- for Union 

Bancshares to become a bank holding company through the acquisition of USB 

Bankshares; and for USB Bankshares to become a bank holding company through 

the acquisition of Union Savings Bank.

- Approved, June 14, 2000 

Chicago

Bank Mergers

F&M Bank-Central Virginia, Charlottesville, Virginia -- to purchase certain assets 

and assume certain liabilities of branches in Fork Union, Palmyra, Ruckersville, 

Mineral, Gordonsville, and Chatham of Wachovia Bank, National Association, 

Winston-Salem, North Carolina.

- Approved, June 16, 2000 

Richmond

F&M Bank-Highlands, Covington, Virginia -- to purchase certain assets and assume 

certain liabilities of the Vinton branch of Wachovia Bank, National Association, 

Winston-Salem, North Carolina.

- Approved, June 15, 2000 

Richmond

F&M Bank-Massanutten, Harrisonburg, Virginia -- to purchase certain assets and 

assume certain liabilities of the Staunton branch of Wachovia Bank, National 

Association, Winston-Salem, North Carolina.

- Approved, June 15, 2000 

Richmond

(AC) = Addition or Correction Delegated - Page 4 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Bank Mergers

F&M Bank-Winchester, Winchester, Virginia -- to purchase certain assets and 

assume certain liabilities of two Luray branches of Wachovia Bank, National 

Association, Winston-Salem, North Carolina.

- Approved, June 15, 2000 

Richmond

Peoples Bank and Trust Company, Sunman, Indiana -- to acquire the Connersville 

and Brookville branches of First National Bank of Southwestern Ohio, Hamilton, 

Ohio.

- Approved, June 15, 2000 

Cleveland

Santa Barbara Bank & Trust, Santa Barbara, California -- to merge with Los Robles 

Bank, Thousand Oaks, and thereby establish branches.

- Approved, June 13, 2000 

San Francisco

Capital Stock

Farmers & Merchants Bank, Long Beach, California -- redemption of stock.

- Approved, June 15, 2000 

San Francisco

Folden Financial Corporation, Hendricks, Minnesota -- redemption of stock.

- Approved, June 16, 2000 

Minneapolis

SNB Bancshares, Inc., Sugar Land, Texas -- redemption of stock.

- Approved, June 14, 2000 

Dallas

Change In Bank Control

Community Bank Group, Inc., Eden Prairie, Minnesota -- change in bank control.

- Permitted, June 12, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 5 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Change In Bank Control

M&F Financial Corporation, Dumas, Arkansas -- change in bank control.

- Permitted, June 12, 2000 

St. Louis

Madison Bancshares Group, Ltd., Blue Bell, Pennsylvania -- change in bank control.

- Permitted, June 14, 2000 

Philadelphia

Competitive Factors Reports

AFBA Industrial Bank, Colorado Springs, Colorado -- report on competitive factors 

of the proposed purchase of certain assets and assumption of certain liabilities of Key 

Bank and Trust, Owings Mills, Maryland.

- Submitted, June 16, 2000 

Kansas City

BancorpSouth Bank, Tupelo, Mississippi -- report on competitive factors of the 

proposed merger with The First National Bank of El Dorado, El Dorado, Arkansas; 

First United Trust Company, N.A., El Dorado; First National Bank of Magnolia, 

Magnolia; Merchants and Planters Bank, National Association, Camden; The City 

National Bank of Fort Smith, Fort Smith; The Bank of North Arkansas, Melbourne; 

First United Bank, Stuttgart; Citizens National Bank of Hope, Hope; FirstBank, 

Texarkanna, Texas; Fredonia State Bank, Nacogdoches; City Bank & Trust of 

Shreveport, Shreveport, Louisiana; and First Republic Bank, Monroe.

- Submitted, June 14, 2000 

Atlanta

Citizens Bank, Leon, Iowa -- report on competitive factors of the proposed merger 

with Iowa State Bank, Hamburg; United National Bank of Iowa, Sidney; and 

Citizens Bank, Chariton.

- Submitted, June 15, 2000 

Chicago

(AC) = Addition or Correction Delegated - Page 6 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Competitive Factors Reports

Community First National Bank, Fargo, North Dakota -- report on competitive 

factors of the proposed merger with Community First National Bank, Phoenix, 

Arizona; Community First National Bank, Spring Valley, California; Community 

First National Bank, Fort Morgan, Colorado; Community First National Bank, 

Decorah, Iowa; Community First National Bank, Fergus Falls, Minnesota; 

Community First National Bank, Alliance, Nebraska; Community First National 

Bank, Las Cruces, New Mexico; Community First National Bank, Salt Lake City, 

Utah; Community First National Bank, Spooner, Wisconsin; and Community First 

National Bank, Cheyenne, Wyoming.

- Submitted, June 14, 2000 

Minneapolis

First American Bank, Decatur, Alabama -- report on competitive factors of the 

proposed purchase of certain assets and assumption of certain liabilities of two 

branches of Southern Bank of Commerce, Eufaula.

- Submitted, June 14, 2000 

Atlanta

Marquette Bank, National Association, Golden Valley, Minnesota -- report on 

competitive factors of the proposed merger with Marquette Bank Cedar Rapids, 

Cedar Rapids, Iowa.

- Submitted, June 13, 2000 

Minneapolis

Nebraska State Bank, South Sioux City, Nebraska -- report on competitive factors of 

the proposed merger with Iowa State Bank, Onawa, Iowa.

- Submitted, June 16, 2000 

Kansas City

Richmond County Savings Bank, Staten Island, New York -- report on competitive 

factors of the proposed merger with South Jersey Savings and Loan Association, 

Turnersville, New Jersey.

- Submitted, June 12, 2000 

New York

(AC) = Addition or Correction Delegated - Page 7 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Competitive Factors Reports

TrustBank, Olney, Illinois -- report on competitive factors of the proposed merger 

with Cisne State Bank, Cisne.

- Submitted, June 14, 2000 

St. Louis

Union Bank and Trust Company of Indiana, Greensburg, Indiana -- report on 

competitive factors of the proposed purchase of assets and assumption of liabilities 

of two branches of Harrington Bank, FSB, Richmond.

- Submitted, June 15, 2000 

Chicago

Union Savings Bank, Freeport, Illinois -- report on competitive factors of the 

proposed conversion to a stock savings bank.

- Submitted, June 15, 2000 

Chicago

Extensions Of Time

A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to September 13, 2000, 

to acquire The ANB Corporation, The ANB Delaware Corporation, and The 

American National Bank of Texas.

- Granted, June 15, 2000 

Dallas

Bank of the Commonwealth, Norfolk, Virginia -- extension to September 14, 2000, 

to establish a branch at 1245 Cedar Road, Chesapeake.

- Granted, June 12, 2000 

Richmond

New Mexico First Financial, Inc., Las Cruces, New Mexico -- extension to 

September 22, 2000, to acquire Mesilla Valley Bank, a de novo bank.

- Granted, June 14, 2000 

Dallas

Valley Bank of Arizona, Phoenix, Arizona -- extension to September 16, 2000, to 

establish a branch at 10427 E. McDowell Mountain Ranch Road, Scottsdale.

- Granted, June 15, 2000 

San Francisco

(AC) = Addition or Correction Delegated - Page 8 of 9
H.2 Actions under delegated authority June 11, 2000 to June 17, 2000

Financial Holding Companies

Centre 1 Bancorp, Inc., Beloit, Wisconsin -- election to become a financial holding 

company.

- Effective, June 16, 2000 

Chicago

F.N.B.C. of La Grange, Inc., La Grange, Illinois -- election to become a financial 

holding company.

- Effective, June 9, 2000 (AC)

Chicago

Turtle Bancshares, Incorporated, Turtle Lake, Wisconsin -- election to become a 

financial holding company.

- Effective, June 16, 2000 

Minneapolis

Voyager Financial Services Corporation, Edina, Minnesota -- election to become a 

financial holding company.

- Effective, June 14, 2000 

Minneapolis

Regulations And Policies

System of Records -- to establish Multi-rater Feedback Records as a new system of 

records under the Privacy Act (Docket R-1072).

- Approved, June 8, 2000 (AC)

Secretary and General Counsel

(AC) = Addition or Correction Delegated - Page 9 of 9
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, June 17, 2000

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.

Federal bank regulators use the following 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, June 17, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Banco Comercial Portugues, S.A., Porto, Portugal, to establish a

representative office in Miami, Florida.

Newspaper – N/Avail

FBSEA Arab Banking Corporation (B.S.C.), Manama, Bahrain, to

establish a federally licensed uninsured branch in Greenwich,

Connecticut.

Newspaper – N/Avail

FBSEA The Chuo Trust & Banking Co., Ltd., Tokyo, Japan, to establish

a representative office in New York, New York.

Newspaper – N/Avail

FBSEA Banca Antoniana Popolare Veneta, Rome, Italy, to establish a

branch office in New York, New York.

Newspaper – N/Avail

FBSEA Banco Comercial Portugues, S.A., Oporto, Portugal, to establish

a branch office in New York, New York, and an agency in

Miami, Florida.

Newspaper – N/Avail

FBSEA The Governor and Company of the Bank of Ireland, Dublin,

Ireland, to establish a representative office in Greenwich,

Connecticut.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(3) Valley National Bancorp, Wayne, New Jersey, to acquire up to

9.9 percent of the outstanding common shares of Shrewsbury

Bancorp, Inc., Shrewsbury, New Jersey.*

Newspaper – N/Avail

Fed. Reg. – N/Avail

3(a)(3)\3(a)(5)\

4(c)(8)\18(c)

M&T Bank Corporation, Buffalo, New York, and Olympia

Financial Corporation, Buffalo, New York, (i) to acquire by

merger Keystone Financial Inc., (“Keystone”) and thereby

acquire its wholly-owned subsidiary, Keystone Financial Bank,

N.A.; (“Keystone Bank”) and (ii) to acquire Keystone’s whollyowned nonbanking subsidiaries. Manufacturers and Traders

Trust Company, Buffalo, New York, to merge with Keystone

Bank, and as incident thereto, to establish branches.*

Newspaper - 07/12/2000

Fed. Reg. – 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

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.

Federal bank regulators use the following 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 ending Saturday, June 17, 2000

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.

Federal bank regulators use the following 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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, June 17, 2000

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.

Federal bank regulators use the following 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

1016316 Mid Am Bank

519 Madison Avenue

Toledo, OH 43604

4/17/2000 7/18/2000 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, June 17, 2000

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)(1) CNB Financial Services, Inc., Berkeley Springs, West

Virginia, to become a bank holding company through

the acquisition of 100% of the voting shares of Citizens

National Bank of Berkeley Springs, Berkeley Springs,

West Virginia .*

Fed Reg – 07/13/2000

Newspaper – 07/17/2000

CIC Change in Control with respect to State Bancorp, Inc.,

Bruceton Mills, West Virginia .*

Fed Reg – N/Avail

Newspaper – 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

3(a)5 Branch Banking and Trust Company, Winston-Salem,

North Carolina, to establish BB&T International Services,

L.L.C., Winston-Salem, North Carolina, an Agreement

Corporation.
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.

Federal bank regulators use the following 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

2718345 Monarch Bank

750 Volvo Parkway

Chesapeake, Virginia 23320

04/03/2000 06/17/2000 S X

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, June 17, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 305 Church Street, Huntsville, Alabama.

06/07/2000*

Branch Compass Bank, Birmingham, Alabama, to establish a branch

located at the intersection of Kuykendahl Road and The

Woodlands Parkway, The Woodlands, Texas.

06/30/2000*

*Subject to 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) Cumberland Bancshares, Inc., Hartsville, Tennessee, to acquire

at least 51 percent of the outstanding shares of Academy Bank,

Lebanon, Tennessee (in organization).

Fed Reg - 07/17/2000*

*Subject to provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Lamar Capital Corporation, Purvis, Mississippi, Prior notice to

engage de novo in data processing and data transmission

activities, through its subsidiary, Lamar Data Solutions,

Inc., Purvis, Mississippi, pursuant to section 4(c)(8) of the

Bank Holding Company Act and section 225.28(b)(14) of

Regulation Y.

N/Avail
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.

Federal bank regulators use the following 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, June 17, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Bank One, Michigan, Detroit, Michigan, for prior approval to

establish a branch at 13767 23 Mile Road, Shelby Township,

Michigan.*

Newspaper - 06/18/2000

Branch Quad City Bank & and Trust Company, Bettendorf, Iowa, for

prior approval to establish a branch at 5515 Utica Ridge Road,

Davenport, Iowa.*

Newspaper – 06/21/2000

18(c) &

 Branch

First American Bank, Fort Dodge, Iowa, for prior approval to

merge with First American Bank, Ames, Iowa, First American

Bank, Jewell, Iowa, and First American Bank, Webster City,

Iowa, and thereby to establish six branches.*

Newspaper - N/Avail

* 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

4(c)(8) First Community Bancshares, Inc., Bargersville, Indiana, for

prior approval to acquire 100 percent of the voting shares of

Blue River Federal Savings Bank, Edinburgh, Indiana.

Fed Reg – 06/29/2000

Newspaper – 06/26/2000

CIC Notification by Michael Reese, of a Change in Control to retain

voting shares of Fox River Valley Bancorp, Inc., Appleton,

Wisconsin.

Fed Reg – 07/06/2000

Newspaper – 06/23/2000

CIC Notification by Tamara S. Jacobson to acquire 30.24% of Rake

Bancorporation, Rake, Iowa. Tamara S. Jacobson and Marlyn

Swenson are Co-trustees of the Gordon E. Swenson Trust, which

owns 69.76% of Rake Bancorporation. Upon acquiring the

30.24%, Tamara S. Jacobs.

Fed Reg - 07/05/2000

Newspaper – N/Avail

3(a)(3) Antioch Holding Company, Antioch, Illinois, for prior approval

to acquire up to 24.99 percent of the voting shares of Lakes

Region Bancorporation, Inc., Third Lake, Illinois and thereby

indirectly acquire Anchor Bank, Third Lake, Illinois.*

Fed Reg – 06/12/2000

Newspaper – 06/12/2000
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) Amana Bancshares, Inc., Southfield, Michigan, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Amana Bank,

(in organization), Dearborn, Michigan.*

Fed Reg – 07/17/2000

Newspaper – 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

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.

Federal bank regulators use the following 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.
Section V – Availability of CRA public evaluations

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

910042 The Bank of Illinois in Normal

102 W. College Avenue

Normal, Illinois 61761-2517

(309) 452-1186

08/09/1999 06/14/2000 S X

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, June 17, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice by Midwest BankCentre, St. Louis, Missouri, to establish

a branch at 8024 Forsyth, Clayton, Missouri.*

5/19/2000

* 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)(1) Notice by First Security, Inc., Owensboro, Kentucky, to acquire

First Security Bank of Owensboro, Inc., Owensboro, Kentucky.

(Previously submitted during the week ending June 10, 2000)*

Newspaper – 7/7/2000

Fed Reg – 7/21/2000

* 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

4(c)(8) Notice by Community First Financial Corporation, Plato,

Missouri, to establish Community First Financial Services

Agency, Plato, Missouri, and thereby provide tax preparation

services, engage in any insurance agency activities in a small

town, and sell mutual funds. (Previously submitted during the

week ending June 10, 2000)

7/3/2000

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.

Federal bank regulators use the following 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

2747466 Exchange Bank of North East

Missouri

3/6/2000 6/12/2000 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, June 17, 2000

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)(3) F&M Financial Services, Inc., Preston, Minnesota, for prior

approval to acquire 100% of the voting shares of F&M

Community Bank, N.A., Chatfield, Minnesota, a de novo bank.*

Fed Reg-06/29/2000

3(a)(3) First Bancshares Corporation, Gladstone, Michigan for prior

approval to acquire up to an additional 5.099% of the voting

shares of Baybank Corporation, Gladstone, Michigan, thereby

increasing its ownership interest up to 24.999%, thereby

increasing its ownership interest up to 24.999%.*

Fed Reg-07/10/2000

* 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

4(c)(8) Community Bank Group, Inc., Eden Prairie, Minnesota, to

engage in general insurance agency activities through the

acquisition of Midland Insurance Group, Inc., Winsted,

Minnesota.

N/Avail
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.

Federal bank regulators use the following 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, June 17, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Arvest Bank, Duncan, Oklahoma, for prior approval to establish

a branch at 2622 W. Gore Boulevard, Lawton, Oklahoma.

Newspaper – 06/24/2000

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

Type Application

Ending date of

comment period

3(a)(1) JTB Bancshares, Inc., Mission Hills, Kansas, for prior approval

to become a bank holding company through the acquisition of

100 percent of the voting shares of Whiting Bankshares, Inc.,

Whiting, Kansas, and thereby indirectly acquire The State Bank

of Whiting, Whiting, Kansas.

Newspaper – 06/30-2000

FedReg – 06/29/2000

3(a)(3) Commfirst Bancorp, South Sioux City, Nebraska, for prior

approval to acquire 100 percent of the voting shares of Robuck,

Inc., South Sioux City, Nebraska, and thereby indirectly acquire

Iowa State Bank, Onawa, Iowa.

Newspaper – N/Avail

FedReg – N/Avail

CIC David R. and Norvelle Dickey, Oklahoma City, Oklahoma, for

prior approval to retain voting shares of First Thomas Ban Corp,

Thomas, Oklahoma, and thereby indirectly acquire First

National Bank of Thomas, Thomas, Oklahoma.

Newspaper – N/Avail

FedReg – 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 Bunceton State Bank, Bunceton, Missouri, for prior approval to

become a member of the Federal Reserve System.

Member Community Bank of Raymore, Raymore, Missouri, for prior

approval to become a member of 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.

Federal bank regulators use the following 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, June 17, 2000

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 Richard N. Abrams, Northfield, IL, only notificant, to acquire an

interest in Surety Capital Corporation, Hurst, TX

Fed Reg – 07/03/2000

Newspaper – N/Avail

CIC Charles Asher Rosebrough, III, and Nancy King Rosebrough,

Graham, TX, to acquire an interest in

First Graham Bancorporation, Graham, TX

Fed Reg – N/Avail

Newspaper – 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

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.

Federal bank regulators use the following 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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, June 17, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Westamerica Bank, San Rafael, California, to merge with Bank

of Lake County, Lakeport, California. *

Newspaper - 07/14/2000

* 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

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) CB Bancshares, Inc., to acquire Citibank Properties, Inc., both of

Honolulu,, Hawaii, and thereby engage in holding and acquiring

commercial and residential mortgage loans and mortgagebacked securities.

Fed Reg - 07/05/2000

Fed Reg - Federal Register Comment Period Ending Date

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

Type Application

3(a)(5)(C) Central Valley Bancorp to become a bank holding company by

acquiring Modesto Commerce Bank, both of Modesto,

California.

FIRREA Steven M. Coffey, Las Vegas, Nevada, to become a director of

Business Bank of Nevada, Las Vegas, Nevada.
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.

Federal bank regulators use the following 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

10577 Pacific State Bank

1975 Winchester Avenue

Reedsport, Oregon 97467-1149

(541) 271-2176

01/18/2000 06/13/2000 O X

2735762 Oregon State Bank

415 NW 3rd Street

Corvalis, Oregon 97330

(541) 752-0474

01/18/2000 06/13/2000 S X

2697619 McKenzie State Bank

5251 Main Street

Springfield, Oregon 97478

(541) 726-6100

01/18/2000 06/13/2000 S X

2670818 Family Security Bank

16271 Highway 101 South

Harbor, Oregon 97415

(541) 469-5335

01/18/2000 06/13/2000 S X

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.

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None