Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 40 

Week Ending October 5, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions September 29, 2002 to October 5, 2002 

Regulations And Policies 

Regulation D -- final rule implementing the annual adjustment of the low reserve 

tranche and reserve requirement exemption for 2003 and announcing the deposit 

reporting cutoff level beginning September 2003. 

- Approved, October 1, 2002 

Enforcement 

Broadstreet, Inc., Atlanta, Georgia, and AmTrade International Bank of Georgia --

issuance of a cease and desist order dated September 20, 2002. 

- Announced, September 30, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

Chicago 

First Community Bank, Harbor Springs, Michigan -- to establish a branch at 930 Spring 

Street, U.S. 131 South, Petoskey. 

- Approved, October 4, 2002 

Richmond 

The Page Valley Bank, Luray, Virginia -- to establish a branch at 9972 Spotswood Trail, 

McGaheysville. 

- Approved, October 2, 2002 

Bank Holding Companies 

Kansas City 

Central Financial Corporation, Hutchinson, Kansas -- to acquire shares of Summit 

Bancshares, Inc., Prescott, Arizona. 

- Approved, October 3, 2002 

Minneapolis 

Community Financial Corporation, Owatonna, Minnesota -- to become a bank holding 

company through the acquisition of Community Bank Owatonna, a de novo bank. 

- Withdrawn, September 27, 2002 (AC) 

Kansas City 

Craco, Inc., Vinita, Oklahoma -- to retain shares of First Acquisition Corporation and 

thereby engage in leasing and lease financing on personal property. 

- Withdrawn, October 1, 2002 

Atlanta 

Cypress Bankshares, Inc., Palm Coast, Florida -- to become a bank holding company 

through the acquisition of Cypress Bank. 

- Approved, October 3, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 7 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

Bank Holding Companies 

Chicago 

DMB Corporation, Inc., DeForest, Wisconsin -- to acquire DMB LANtech Services, 

LLC and thereby engage in data processing activities. 

- Withdrawn, September 30, 2002 

Minneapolis 

Lakeside Bank Holding Company, New Town, North Dakota -- to purchase an interest 

in Accudata Services, Inc., Park River, and thereby provide data processing services. 

- Approved, October 4, 2002 

Atlanta 

Resource Bankshares, Inc., Mandeville, Louisiana -- to become a bank holding company 

through the acquisition of Resource Bank. 

- Approved, September 30, 2002 

Kansas City 

Summit Bancshares, Inc., Prescott, Arizona -- to become a bank holding company 

through the acquisition of Summit Bank. 

- Withdrawn, October 3, 2002 

Richmond 

United Community Bancorp, Hickory, North Carolina -- waiver of application in 

connection with the acquisition of Community Bancshares, Inc., Wilkesboro, and merger 

of their subsidiary banks, Catawba Valley Bank, Hickory, and Northwestern National 

Bank, Wilkesboro. 

- Granted, October 2, 2002 

San Francisco 

Valley Commerce Bancorp, Visalia, California -- to become a bank holding company 

through the acquisition of Bank of Visalia. 

- Approved, September 30, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 7 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

Bank Mergers 

Minneapolis 

Cornerstone State Bank, Le Sueur, Minnesota -- to purchase the assets and assume the 

deposit liabilities of the Belle Plaine and Green Isle branches of First National Bank of the 

North, Sandstone, and thereby establish branches. 

- Approved, September 30, 2002 

San Francisco 

Heritage Bank of Commerce, San Jose, California -- to merge with Heritage Bank East 

Bay, Fremont. 

- Approved, October 3, 2002 

Banks, Nonmember, And Miscellaneous Institutions 

Director, BS&R 

BNY Information Services, Inc., East Syracuse, New York -- transfer agent registration. 

- Withdrawn, October 2, 2002 

Director, BS&R 

IBJ Whitehall Bank & Trust Company, New York, New York -- transfer agent 

registration. 

- Withdrawn, October 2, 2002 

Change In Bank Control 

Cleveland 

F.N.B. Bancorporation, Inc., Fort Mitchell, Kentucky -- change in bank control. 

- Withdrawn, October 1, 2002 

Kansas City 

Grant County Bank, Medford, Oklahoma -- change in bank control. 

- Permitted, October 1, 2002 

Atlanta 

JBC Bancshares, Inc., Jasper, Georgia -- change in bank control. 

- Withdrawn, October 3, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 7 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

Change In Bank Control 

Chicago 

West Plains Investors, Inc., Pleasant Plains, Illinois -- change in bank control. 

- Permitted, October 4, 2002 

Competitive Factors Reports 

Chicago 

American Bank and Trust Company, National Association, Davenport, Iowa -- report on 

competitive factors of the proposed merger with Kaneland Community Bank, Elburn, 

Illinois. 

- Submitted, October 4, 2002 

Boston 

BankNorth, National Association, Portland, Maine -- report on competitive factors of the 

proposed merger with Warren Five Cents Savings Bank, Peabody, Massachusetts. 

- Submitted, October 2, 2002 

Kansas City 

BTC Bank, Bethany, Missouri -- report on competitive factors of the proposed purchase 

of certain assets and assumption of certain liabilities of the Pattonsburg branch of First 

Bank of Missouri, Gladstone. 

- Submitted, October 3, 2002 

New York 

EuroBank, Hato Rey, Puerto Rico -- report on competitive factors of the proposed 

merger with Banco Financiero de Puerto Rico, Ponce. 

- Submitted, October 4, 2002 

Secretary 

First Gaston Bank of North Carolina, Gastonia, North Carolina -- report on competitive 

factors of the proposed purchase of the Dallas branch of RBC Centura Bank, Rocky 

Mount. 

- Submitted, October 1, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 7 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

Competitive Factors Reports 

Atlanta 

The First National Bank of Ashford, Ashford, Alabama -- report on competitive factors 

of the proposed merger with Barbour County Bank, Eufaula. 

- Submitted, October 2, 2002 

Dallas 

First State Bank, Socorro, New Mexico -- report on competitive factors of the proposed 

acquisition of the Socorro branch of State National Bank, El Paso, Texas. 

- Submitted, October 3, 2002 

Chicago 

First USA Bank, National Association, Wilmington, Delaware -- report on competitive 

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

American National Bank and Trust Company of Chicago, Chicago, Illinois. 

- Submitted, October 4, 2002 

Philadelphia 

Keystone Savings Bank, Bethlehem, Pennsylvania -- report on competitive factors of the 

proposed merger with Keystone Interim Two. 

- Submitted, October 2, 2002 

Philadelphia 

Legacy Bank, Harrisburg, Pennsylvania -- report on competitive factors of the proposed 

merger with Northern State Bank, Towanda. 

- Submitted, October 3, 2002 

New York 

Pathfinder Bank, Oswego, New York -- report on competitive factors of the proposed 

purchase of assets and assumption of liabilities of the Lacona branch of Cayuga Bank, 

Auburn. 

- Submitted, September 30, 2002 

St. Louis 

People's Community State Bank, Doniphan, Missouri -- report on competitive factors of 

the proposed purchase of certain assets and assumption of the deposits of the Bunker 

branch of Town & Country Bank, Salem. 

- Submitted, September 30, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 7 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

Competitive Factors Reports 

Secretary 

Union Bank of California, National Association, San Francisco, California -- report on 

competitive factors of the proposed acquisition of Valencia Bank & Trust, Santa Clarita. 

- Submitted, October 4, 2002 

Atlanta 

United Community Bank, Blairsville, Georgia -- report on competitive factors of the 

proposed merger with United Community Bank of North Georgia, Blue Ridge; United 

Community Bank of Towns County, Hiawassee; United Community Bank of White 

County, Cleveland; United Community Bank of Metro, Marietta; United Community 

Bank of Rabun County, Clayton; United Community Bank of Dawson County, 

Dawsonville; and United Community Bank of West Georgia, Carrollton, as part of a 

corporate reorganization. 

- Submitted, October 2, 2002 

Extensions Of Time 

Director, BS&R 

Citigroup Inc., New York, New York -- extension to October 8, 2003, to conform or 

divest certain impermissible nonbanking activities. 

- Granted, October 1, 2002 

Director, BS&R 

Fulton Financial Corporation, Lancaster, Pennsylvania -- extension to April 1, 2003, to 

divest an interest in certain property. 

- Granted, October 2, 2002 

Chicago 

Orchid Financial Bancorp, Inc., Saint Charles, Illinois -- extension to January 5, 2003, to 

become a bank holding company through the acquisition of American Eagle Bank, South 

Elgin, a de novo bank. 

- Granted, October 3, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 7 
H.2 Actions under delegated authority September 29, 2002 to October 5, 2002 

Financial Holding Companies 

Director, BS&R 

Natexis Banques Populaires, Paris, France, and Banque Federale des Banques 

Populaires -- elections to be treated as financial holding companies. 

- Effective, October 2, 2002 

Membership 

San Francisco 

Frontier Bank, Everett, Washington -- membership in the Federal Reserve System. 

- Approved, October 1, 2002 

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 in stitutions 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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Agency DEPFA BANK plc, Dublin, Ireland, to establish an agency in 

New York, New York. 

Newspaper - N/Avail 

Branch UBS AG, Zurich, Switzerland, to establish an additional 

(limited) branch in New York, New York. 

Newspaper – N/Avail 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3A1 Trustcompany Bancorp, Jersey City, New Jersey, to become a 

one-bank holding company with respect to the Trust Company 

of New Jersey, Jersey City, New Jersey. 
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 eval uations are now available. 

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date 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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 deposit ory 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 regulat ion 

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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Notice by Fifth Third Bank, Cincinnati, OH to establish a branch at 

109 Liberty Square, Hurricane, WV * 

Newspaper - 10/10/2002 

Branch Notice by Fifth Third Bank, Cincinnati, OH to establish a branch at 

128 Capital Street, Charleston, WV * 

Newspaper - 10/10/2002 

* Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

in May 1995. 

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

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

facilities. 

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

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

CRA: 

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) BNC Bancorp, Thomasville, North Carolina, to become a bank 

holding company through the acquisition of 100% of the voting 

shares of Bank of North Carolina, Thomasville, North 

Carolina.* 

Fed Reg - 10/31/2002 

Newspaper - 10/31/2002 

3(a)(5) Royal Bank of Canada, Montreal, Quebec, Canada, and RBC 

Cenutra Bank, Inc., Rocky Mount, North Carolina, to acquire 

Admiralty BANCORP , Inc., Palm Beach Gardens, Florida.* 

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 

Ending date of 

Type Application comment period 

4(c)(8) Four Oaks Fincorp, Inc., Four Oaks, North Carolina, to engage Fed Reg - 10/22/2002 

de novo in mortgage banking through the acquisition of Four 

Oaks Mortgage Services, L.L.C., Four Oaks, North Carolina, 

a company that will hold a 49.99% interest in Four Oaks 

Mortgage Company, L. P., Clayton, North Carolina. 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

The Community Reinvestmen t 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 R egulation 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 consider ing 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 perfor mance 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 101 East Washington Street, Greenville, South 

Carolina.* 

Branch Landmark Bank of Florida, Sarasota, Florida, to establish a 

branch located at 544 W. Washington Boulevard, Sarasota, 

Florida.* 

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

located at 2750 Carl T. Jones Drive, Lot #5, Huntsville, 

Alabama, to be known as the Jones Valley Branch.* 

Newspaper - 10/06/2002 

Newspaper - 10/13/2002 

Newspaper - 10/10/2002 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) Hazlehurst Investors, Inc., Hazlehurst, Georgia, to become a 

bank holding company by acquiring Bank of Hazlehurst, 

Hazlehurst, Georgia.* 

Newspaper-10/25/2002 

Fed Reg-10/30/2002 

CIC One American Corp., Vacherie, Louisiana, prior change in 

control notice by Joseph Bienvue Falgoust, Charles J. Falgoust, 

Dean T. Falgoust, Marian A. Falgoust, Michael A. Falgoust, 

Ronald J. Falgoust, Rose Mary Falgoust, Susan B. Falgoust, 

Falgoust Family Holdings, LLC, Blake J. Falgoust, Ronald A. 

Ordoyne, ,Joan Ordoyne, as custodian for Luke Falgoust, Joan 

Ordoyne, as custodian for Laura Falg oust, Francois P. Falgoust, 

Ulger Landry, Denny Guillot to collectively increase their 

ownership by up to 1.5 percent of the outstanding shares of One 

American Corp., and its subsidiary First American Bank and 

Trust, both of Vacherie, Louisiana. Total ownership will equal 

12.58 percent. 

Newspaper-10/15/2002 

Fed Reg-10/16/2002 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(5) Synovus Financial Corp., Columbus, Georgia, to merge with Newspaper-10/30/2002 

United Holdings, Inc., St. Petersburg, Florida, and thereby Fed Reg-10/30/2002 

acquire its subsidiaries, United Bank and Trust Company, St. 

Petersburg, Florida, and United Bank of the Gulf Coast, 

Sarasota, Florida. 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

State Member SunTrust Bank requests approval to invest more than 5 percent 

Other of its capital stock and surplus in community development 

projects. Specifically, SunTrust proposed to invest 

approximately $554.7 million in community development 

projects, which represents 5.12 percent of SunTrust Bank's June 

30, 2002 capital stock and surplus. 
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 publi c evaluations are now available. 

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date 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, October 5, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Harris Trust and Savings Bank, Chicago, Illinois, to establish a 

branch facility to be located at 558 West Diversey Parkway, 

Chicago, Illnois.*

Newspaper – 10/03/2002

Branch Harris Trust and Savings Bank, Chicago, Illnois, to establish a 

branch facility to be located at 4801 West North Avenue, 

Chicago, Illinois.*

Newspaper – 10/03/2002

Branch Unionbank, Streator, Illinois, to establish a branch facility to be 

located at 208 East Veteran's Parkway, Yorkville, Illinois.*

Newspaper – 10/05/2002

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) & 3(a)(1) BTC Financial Corporation, Des Moines, Iowa, to acquire 100 

percent of Midamerica Financial Corporation, Des Moines, 

Iowa, and thereby indirectly acquire Bankers Trust Company, 

N.A. (in organization), Cedar Rapids, Iowa and by Midamerica 

Financial Corporation, Des Moines, Iowa, to become a bank 

holding company by acquiring 100 percent of Bankers Trust 

Company, N.A. (in organization), Cedar Rapids, Iowa.*

Fed Reg – 11/01/2002

Newspaper – N/Avail

CIC Notice by Steven M. Eldred, Beloit, Wisconsin, as voting trustee 

of the Helen M. Eldred Voting Trust and the John M. Eldred 

Voting Trust; and the Eldred Family Limited Partnership I and 

Eldred Family Limited Partnership II, both located in Beloit, 

Wisconsin, to gain control of Centre 1 Bancorp, Inc., Beloit, 

Wisconsin, and thereby indirectly acquire First National B ank 

and Trust Company of Beloit, Beloit, Wisconsin.

Fed Reg – 10/22/2002

Newspaper – N/Avail

3(a)(3) Fidelity Company, Dyersville, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Worthington 

Bancorporation, Worthington, Iowa, and thereby indirectly 

acquire State Bank, Worthington, Iowa.*

Fed Reg – 10/11/2002 

Newspaper – 10/15/2002
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

CIC Notice by Ross David Levin, Evanston, Illinois, Louis Jonathon 

Kolom, Lincolnwood, Illinois, Shabsa Abraham Lis, Skokie, 

Illinois, Aaron L. Kolom, Lo s Angeles, California, Sherwin 

Greenberg, Chicago, Illinois and Arthur Myer Goldrich, Skokie, 

Illinois, to retain control of First Equity Corp., Skokie, Illinois 

and to thereby retain indirect control of 1st Equity Bank, Skokie, 

Illinois.

Fed Reg – 09/17/2002 

Newspaper – 10/02/2002

3(a)(5) First Mutual Bancorp of Illinois, Inc., Harvey, Illinois, to 

acquire 90 percent of the voting shares of Security Bancorp of 

Dupage, Inc., Naperville, Illinois, and thereby indirectly acquire 

Security Bank of Dupage, Nape rville, Illinois.*

Fed Reg – 11/01/2002 

Newspaper – N/Avail

CIC Notice by Lawrence Gohlke, Neshkoro, Wisconsin, Richard 

Gohlke, Neshkoro, Wisconsin and Geffrey Sawtelle, Neshkoro, 

Wisconsin, to gain control of Golden Sands Bankshares, Inc., 

Neshkoro, Wisconsin, and thereby indirectly acquire Farmers 

Exchange Bank of Neshkoro, Neshkoro, Wisconsin.

Fed Reg – 10/17/2002

Newspaper – 10/09/2002

CIC Notice on behalf of Peter C. Cook, first trustee of the Peter C. 

Cook Trust, Grand Rapids, Michigan, to acquire 166,667 shares 

(12.52%) of Northpointe Bancshares, Inc., Grand Rapids, 

Michigan, and thereby indirectly acquire Northpointe Bank, 

Grand Rapids, Michigan.

Fed Reg – 10/07/2002

Newspaper – 10/03/2002

CIC Notice by Mark B. Richardson, Thetford Center, Vermon t and 

Kimberly A. Richardson, Atlanta, Georgia, to purchase 46 

percent each of Oakwood Bancorp, Inc., Springfield, Illinois, 

and thereby indirectly acquire United Community Bank, 

Oakwood, Illinois.

Fed Reg – 10/22/2002

Newspaper – 10/04/2002

3(a)(1) SCB Bancorp, Inc., East Lansing, Michigan, to become a bank 

holding company by acquiring 100 percent of Summit 

Community Bank (in organization), East Lansing, Michigan.*

Fed Reg – 10/04/2002

Newspaper – N/Avail

* Subject to the provisions of the Community Rein vestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Crystal Valley Financial Corporation, Middlebury, Indiana, 

proposes to acquire a 19.79 percent limited partner interest in a 

partnership that will develop and own a low -income housing tax 

credit project containing 144 units, and thereby engage in 

community development activities.

Fed Reg – N/Avail
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Privatebancorp, Inc., Chicago, Illinois, to acquire 80 perce nt of 

Lodestar Investment Counsel, LLC, Chicago, Illinois, and 

thereby engage in financial and investment advisory activities.

Fed Reg – 10/17/2002

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 neighborh oods. 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 enti re 

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

2235244 Bank Iowa

420 8th Street S.E.

Altoona, Iowa 50009

(515) 967-7283

05/20/2002 10/02/2002 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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Arvest Bank, Fayetteville, Arkansas, to relocate an existing 

branch office from 9000 South Western Avenue, Oklahoma 

City, Oklahoma, to 9350 South Western Avenue, Oklahoma 

City, Oklahoma.* 

Newspaper – 10/11/2002 

Branch Pulaski Bank and Trust Company, Little Rock, Arkansas, to 

establish a branch facility to be located at 5111 Highway 5 

North, Bryant, Arkansas.* 

Newspaper – 10/15/2002 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3A3 Mercantile Bancorp, Inc., Quincy, Illinois, to increase its 

ownership from 19.86 percent up to 29 percent of New Frontier 

Bancshares, Inc., St. Charles, Missouri, and thereby indirect ly 

increase its ownership of New Frontier Bank, St. Charles, 

Missouri.* (Previously submitted during the week ending 

September 28, 2002) 

3A3 The Templar Fund, Inc., St. Louis, Missouri, to acquire at least 

36.77 percent and up to 40.83 percent of Truman Bancorp, Inc., 

St. Louis, Missouri, and thereby indirectly acquire Truman 

Bank, St. Louis, Missouri.* 

Newspaper – 10/26/2002 

Fed Reg – 10/30/2002 

Newspaper 11/01/2002 

Fed Reg – 10/31/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) State Bankshares, Inc., Fargo, North Dakota, to acquire 100% of 

State Bank of Moorhead, Moorhead, Minnesota.* 

CIC The Albert N. Roberts and Emma L. Roberts Revocable Trust, 

Albert N. Roberts and Emma L. Roberts, Co-trustees, Polson, 

Montana, to gain control of Flathead Lake Bancorporation, Inc., 

Polson, Montana, and thereby indirectly gain control of First 

Citizens Bank of Polson, Polson, Montana. 

CIC Marie Gillespie, LaGrange Park, Illinois, as trustee of the Lake 

Bank Shares, Inc. Employee Stock Ownership Plan, Emmons, 

Minnesota, to gain control of Lake Bank Shares, Inc., Emmons, 

Minnesota, and thereby indirectly gain control of Security Bank 

of Minnesota, Albert Lea, Minnesota, and First State Bank of 

Emmons, Emmons, Minnesota. 

CIC Robert B. Whitlock, Minneapolis, Minnesota, to retain control 

of Lake Bank Shares, Inc. Employee Stock Ownership Plan, 

Emmons, Minnesota, and thereby indirectly retain control of 

Lake Bank Shares, Inc., Emmons, Minnesota, which owns 

Security Bank Minnesota, Albert Lea, Minnesota, and First State 

Bank of Emmons, Emmons, Minnesota. 

CIC Jonathon H. Berg, M.D., Northwood, North Dakota, as trustee of 

the Herbert A. Lund Revocable Trust, to gain control of Lake 

Bank Shares, Inc., Emmons, Minnesota, and thereby indirectly 

gain control of Security Bank of Minnesota, Albert Lea, 

Minnesota, and First State Bank of Emmons, Emmons, 

Minnesota. 

Fed Reg – 11/01/2002 

Newspaper – N/Avail 

Fed Reg – 10/11/2002 

Newspaper – 10/16/2002 

Fed Reg – 10/21/2002 

Newspaper – N/Avail 

Fed Reg – 10/21/2002 

Newspaper – N/Avail 

Fed Reg – 10/21/2002 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 
Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period

4(c)(8) State Bankshares, Inc., Fargo, North Dakota, to acquire 100% of Fed Reg - 11/01/2002 

Northern Capital Holding Company, Fargo, North Dakota, and 

thereby engage in providing trust services, financial and 

investment advisory services, transactional services for customer 

investments, and payroll services and processing. 

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 di rectly 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled fo r Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, October 5, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Bank of Jackson Hole, Jackson, Wyoming, to establish a branch 

at 3285 West Village Drive, Teton Village, Wyoming.

Newspaper - 10/10/2002

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

Type Application

Ending date of

comment period

3(a)(3) Adbanc, Inc., Ogallala, Nebraska, to acquire up to 100 percent 

of the voting shares of VBI, Inc., parent of Vista Bank, both of 

Colorado Springs, Colorado.

Newspaper - 10/19/2002

Fed Reg - 10/04/2002

3(a)(3) Davis Bancorporation, Inc., Davis, Oklahoma, to acquire an 

additional 5 percent, for a total of 22.05 percent of the voting 

shares of Century Capital Financial, Inc., Kilgore, Texas, parent 

of Century Capital Financial-Delaware, Inc., Wilmington, 

Delaware, which is the parent of City National Bank, Kilgore, 

Texas.

Newspaper - 10/25/2002

Fed Reg - 10/25/2002

4(c)(8) Davis Bancorporation, Inc., Davis, Oklahoma, to acquire an 

additional 5 percent, for a total of 17.78 percent of the voting 

shares of FBC Financial Corporation, Clar emore, Oklahoma, 

parent of 1st Bank Oklahoma, Claremore, Oklahoma and thereby 

engage in the operation of a savings association.

Newspaper - 10/25/2002

Fed Reg - 10/25/2002

CIC Male Family Investments II, L.P., Augusta, Kansas, to acquire 

control of Prairie Capital, Inc., Augusta, Kansas, parent of 

Prairie State Bank, Augusta, Kansas.

Newspaper - 10/15/2002

Fed Reg - 10/21/2002

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

4(c)(8) Gold Banc Corporation, Inc., Leawood, Kansas, to acquire 100 

percent of the voting shares of George K. Baum Trust Company, 

a Missouri non-depository trust company.

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 nee ds 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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period

Branch Texas State Bank, McAllen, TX, to establish a branch located at Newspaper - 10/11/2002 

1000 Main Street, Houston, TX, 77002* 

*Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Arthur Temple, III, Lufkin, TX, (as trustee of the Arthur 

Temple, III, Generation Skipping Trust andcertain other trusts) 

to acquire an interest inDiboll State Bancshares, Inc., Diboll, TX 

(previously reported the week ending September 28, 2002) 

Fed Reg – 10/15/2002 

Newspaper – 10/17/2002 

CIC Lewis W. and Bonnie C. Donaghey, Trenton, TX, to acquire an 

interest inTrenton Bankshares, Inc., Trenton, TX 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 evaluat ed 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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, October 5, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 deposit ory 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None