Board of Governors of the Federal Reserve System, Washington, DC 20551

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 4

Week Ending January 24, 1998

Federal Reserve Release

H.2

Applications and Reports Received
No. 4

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Caja de Ahorros de Valencia, Castellon y Alicante, Bancaja, Valencia, Spain -- to

establish an agency in Miami, Florida.

- Approved, January 21, 1998 

BANKS, FOREIGN

Eagle National Holding Company, Inc., Miami, Florida -- change in bank control.

- Permitted, January 21, 1998 

CHANGE IN BANK CONTROL

Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) --

revision, without extension.

- Proposed, January 21, 1998 

FORMS

Parent Company Only Financial Statements for Large Bank Holding Companies

(FR Y-LP) -- revision, without extension.

- Proposed, January 21, 1998 

Parent Company Only Financial Statements for Small Bank Holding Companies

(FR Y-9SP) -- revision, without extension.

- Proposed, January 21, 1998 

Quarterly and Annual Financial Statements of Nonbank Subsidiaries of Bank

Holding Companies (FR Y-11Q and FR 11I) -- extension, with revision.

- Proposed, January 21, 1998 
H.2

January 18, 1998 to January 24, 1998

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Abbreviations: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community

Affairs; FOMC - Federal Open Market Committee; RBOPS - Reserve Bank Operations and Payment

Systems; IF - International Finance; OSDM - Office of Staff Director for Management

BancFirst, Oklahoma City, Oklahoma -- to establish a branch at 8916 South

Pennsylvania.

- Approved, January 20, 1998 

BANK BRANCHES, DOMESTIC

Kansas City

Farmers State Bank, Victor, Montana -- to establish a branch in Stevensville,

Montana.

- Approved, January 23, 1998 

Minneapolis

Area Bancshares Corporation, Owensboro, Kentucky -- to retain Secureware, Inc.,

Atlanta, Georgia, and continue to engage in data processing activities.

- Permitted, January 23, 1998 

BANK HOLDING COMPANIES

St. Louis

BB&T Corporation, Winston-Salem, North Carolina -- to acquire Life Bancorp, Inc.,

Norfolk, Virginia.

- Approved, January 22, 1998 

Richmond

Buckhead Community Bancorp, Inc., Atlanta, Georgia -- to acquire Buckhead

Community Bank, N.A.

- Approved, January 22, 1998 

Atlanta

Century Bank Corp., Fairmount, Indiana -- to acquire Citizens Exchange Bank.

- Approved, January 21, 1998 

Chicago
H.2

January 18, 1998 to January 24, 1998

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Community National Bank Corporation Employee Stock Ownership Plan, Venice,

Florida -- to acquire Community National Bank Corporation and Community

National Bank of Sarasota County.

- Approved, January 22, 1998 

Atlanta

First Community Bancshares, Inc., Batesville, Arkansas -- to acquire First

Community Bank of Batesville.

- Approved, January 21, 1998 

St. Louis

FNB Financial Services, Inc., ESOP, Durant, Oklahoma -- to retain shares of FNB

Financial Services, Inc.

- Approved, January 23, 1998 

Kansas City

Huntington Bancshares Incorporated, Columbus, Ohio -- to acquire SecureWare,

Inc., Atlanta, Georgia, and merge Security First Technologies, Inc., with

SecureWare and engage in data processing activities.

- Permitted, January 23, 1998 

Cleveland

Industry Bancshares, Inc., Industry, Texas -- to acquire Citizens State Bank, Buffalo,

Texas.

- Approved, January 21, 1998 

Dallas

Lenox Financial Service Corp., Lenox, Massachusetts -- to acquire Lenox Savings

Bank.

- Approved, January 23, 1998 

Boston
H.2

January 18, 1998 to January 24, 1998

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Mason-Dixon Bancshares, Inc., Westminster, Maryland -- to acquire Rose Shanis &

Co., Inc., Baltimore, Maryland; Rose Shanis Sons, Inc., Rose Shanis & Co., and

Stephen Corp.

- Approved, January 23, 1998 

Richmond

New Century Financial Corporation, Spokane, Washington -- to acquire New

Century Bank.

- Returned, January 22, 1998 

San Francisco

Swiss Bank Corporation, Basel, Switzerland -- to control Brunswick Warburg, Inc.,

New York, New York, and engage in financial and investment advisory, securities

brokerage, and riskless principal activities, and private placement and other

transactional services.

- Permitted, January 22, 1998 

New York

Tippins Bankshares, Inc., Claxton, Georgia -- to acquire Tippins Bank and Trust

Company.

- Approved, January 22, 1998 

Atlanta

Wachovia Corporation, Winston-Salem, North Carolina -- to retain assets and

activities obtained in the acquisition of SecureWare, Inc., Atlanta, Georgia

- Permitted, January 23, 1998 

Secretary

Waupaca Bancorporation, Waupaca, Wisconsin -- request for waiver of application

to acquire Wheeler County Bancshares, Shamrock, Texas, and First Bank & Trust,

Shamrock, Texas.

- Granted, January 23, 1998 

Chicago
H.2

January 18, 1998 to January 24, 1998

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Capital One Bank, Glen Allen, Virginia -- to purchase certain assets and assume

certain liabilities of Capital One, F.S.B., Falls Church, Virginia.

- Approved, January 22, 1998 

BANK MERGERS

Richmond

Farmers State Bank, Victor, Montana -- to merge with Farmers State Bank, fsb,

Stevensville, Montana.

- Approved, January 23, 1998 

Minneapolis

Southwest Virginia Farm Credit, ACA, Wytheville, Virginia -- registration as a

transfer agent.

- Withdrawn, January 20, 1998 

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS

Richmond

Arkansas Bank & Trust Company, Hot Springs, Arkansas -- payment of a dividend.

- Approved, January 20, 1998 

BANKS, STATE MEMBER

St. Louis

California United Bank, Encino, California -- to make a public welfare investment in

California Corporate Tax Fund - 1997, a Massachusetts limited partnership.

- Approved, January 23, 1998 

Secretary

WestStar Bank, Bartlesville, Oklahoma -- payment of a dividend.

- Approved, January 20, 1998 

Kansas City

Ceylon Bancorporation, Inc., Ceylon, Minnesota -- change in bank control.

- Permitted, January 22, 1998 

CHANGE IN BANK CONTROL

Minneapolis
H.2

January 18, 1998 to January 24, 1998

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Damen Financial Corporation, Schaumburg, Illinois -- change in bank control.

- Permitted, January 22, 1998 

Chicago

FNB, Inc., Dennison, Ohio -- change in bank control.

- Permitted, January 21, 1998 

Cleveland

Monte Vista Bank Corp., Monte Vista, Colorado -- change in bank control.

- Permitted, January 20, 1998 

Kansas City

Villages Bancorp, Lady Lake, Florida -- change in bank control.

- Permitted, January 23, 1998 

Atlanta

Anderson National Bank, Anderson, South Carolina -- report on competitive factors

of the proposed merger with The Community Bank of Greenville, National

Association, Greenville, South Carolina.

- Submitted, January 20, 1998 

COMPETITIVE FACTORS REPORTS

Richmond

Bank of America, National Association, Phoenix, Arizona -- report on competitive

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

First Omni Bank, N.A., Millsboro, Delaware, and Dauphin Deposit Bank and Trust

Company, Harrisburg, Pennsylvania.

- Submitted, January 22, 1998 

Secretary

Big Lake National Bank, Okeechobee, Florida -- report on competitive factors on the

proposed merger with Clewiston National Bank, Clewiston, Florida.

- Submitted, January 21, 1998 

Atlanta
H.2

January 18, 1998 to January 24, 1998

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Citizens State Bank, Woodville, Wisconsin -- report on competitive factors of the

proposed merger with Bank St. Croix, Roberts, Wisconsin.

- Submitted, January 22, 1998 

Minneapolis

Credit America Savings Company, Brainerd, Minnesota -- report on competitive

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

of Cityside Savings & Financial Services Company, Eden Prairie, Minnesota.

- Submitted, January 20, 1998 

Minneapolis

Hibernia National Bank of Texas, Texarkana, Texas -- report on competitive factors

of the proposed merger with First National Bank of Marshall, Marshall, Texas.

- Submitted, January 21, 1998 

Dallas

Jacksboro National Bank, Jacksboro, Texas -- report on competitive factors of the

proposed acquisition of the assets and assumption of liabilities of a branch at 200

West Walnut, of Bowie State Bank, Bowie, Texas.

- Submitted, January 23, 1998 

Dallas

Marshall National Bank and Trust Company, Marshall, Virginia -- report on

competitive factors of the proposed merger with Marshall Interim National Bank and

Trust Company.

- Submitted, January 23, 1998 

Richmond

Monterey Bay Bank, Watsonville, California -- report on competitive factors of the

proposed purchase of certain assets and assumption of liabilities of Commercial

Pacific Bank, Santa Cruz, California.

- Submitted, January 22, 1998 

San Francisco
H.2

January 18, 1998 to January 24, 1998

Page 7

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Peoples First National Bank and Trust Company, Paducah, Kentucky -- report on

competitive factors of the proposed merger with Peoples First, F.S.B., Central City,

Kentucky.

- Submitted, January 20, 1998 

St. Louis

Pocahontas Bancorp, Inc., Pocahontas, Arkansas -- report on competitive factors of

the proposed acquisition of the assets and assumption of the liabilities of Pocahontas

Federal Savings and Loan Association.

- Submitted, January 22, 1998 

St. Louis

Safety Fund National Bank, Fitchburg, Massachusetts, and Orange Savings Bank,

Orange, Massachusetts -- report on competitive factors of the acquistion of the assets

and assumption of the liabilities of Family Bank, FSB, Haverhill, Massachusetts.

- Submitted, January 21, 1998 

Boston

FirstBank Holding Company of Colorado ESOP, Lakewood, Colorado -- extension

to April 22, 1998, to acquire shares of FirstBank Holding Company of Colorado.

- Granted, January 22, 1998 

EXTENSIONS OF TIME

Kansas City

Frontier Financial Corporation, Everett, Washington -- extension to April 11, 1998,

to acquire shares of Washington Banking Company, Oak Harbor, Washington.

- Granted, January 20, 1998 

San Francisco

Western Bank, Albuquerque, New Mexico -- to become a member of the Federal

Reserve System.

- Approved, January 21, 1998 

MEMBERSHIP

Kansas City
H.2

January 18, 1998 to January 24, 1998

Page 8

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Over-the-counter stocks -- revised list of OTC stocks subject to margin

requirements, and a list of foreign margin stocks.

- Published, January 23, 1998 

SECURITIES REGULATION

Director, BS&R
H.2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Additions/Corrections

Bryn Mawr Trust Company, Bryn Mawr, Pennsylvania -- to establish a branch at One

Tower Bridge, 100 Front Street, Suite 101, West Conshochocken Borough,

Montgomery County, Pennsylvania.

- Approved, January 12, 1998 

BANK BRANCHES, DOMESTIC

Philadelphia

Farmers and Miners Bank, Pennington Gap, Virginia -- to establish a branch in the

Piggly Wiggly Supermarket on Chase Street, Clintwood, Virginia.

- Approved, January 16, 1998 

Richmond
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of January 24, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(5) Peoples Heritage Financial Group, Inc., Portland, Maine (PHFG)- Newspaper - N/Avail

application for the merger of CFX Corporation, Keene, New Fed Reg - 2/13/98

Hampshire with and into PHFG*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch European American Bank, New York, New York, to establish a 02/18/98

branch office at the Key Food supermarket located at 1805

Avenue U, Brooklyn, New York.*

Branch European American Bank, New York, New York, to establish 02/18/98

a branch office at the Pioneer supermarket located at 2901

Mermaid Avenue, Brooklyn, New York. *

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Union Bank of Switzerland, Zurich, Switzerland ("UBS"), in N/Avail

connection with the proposed merger between UBS and Swiss Bank

Corporation, Basel, Switzerland ("SBC"), to acquire the following

subsidiaries of SBC: (i) SBC Warburg Dillon Read Inc.; (ii) Dillon,

Read Interfunding Inc.; (iii) Private Equity Holding, Inc.; (iv) SBC

Resource Management Inc.; (v) SBC Brinson, Inc.; and (vi) Warburg

Brunswick Inc., all of New York, New York, and (vii) SBC Warburg

Futures Inc.; (viii) Brinson Partners, Inc.; and (ix) Brinson Trust

Company, all of Chicago, Illinois, and thereby engage in certain

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Commerce Bancorp, Inc. Cherry Hill, NJ, to engage in certain N/Avail

nonbanking activities through the acquisition of A.H. Williams & Co.,

Inc., Philadelphia, PA

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) Received notice from Banc One Corporation, Columbus, OH on N/Avail

3(a)(5) January 21, 1998, of its intent to acquire First Commerce

Corporation, New Orleans, LA

3(a)(1) Received notice from First Capital Bancshares, Inc., Chillicothe, N/Avail

OH on January 22, 1998, of its intent to acquire Citizens National

Bank, Chillicothe, OH

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Received notice from Banc One Corporation, Columbus, OH on N/Avail

January 21, 1998, of its intent to acquire First Commerce Service

Corporation, Lafayette, LA.

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

Type Application comment period

Ending date of 

4(c)(8) Received notice from National City Corporation, Cleveland, OH on

January 21, 1998, of its intent to acquire the assets of Eastern

Mortgage Services, Trevose, PA and First National Mortgage

Corporation, Glen Burnie, MD.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for First Quarter of 1998

Institution Location

Chippewa Valley Bank P.O. Box 68, 20 S. Main Street, Rittman, OH 44270-0068

Oakwood Deposit Bank P.O. Box 207, 218 N. 1st Street, Oakwood, OH 45873-0207

The Ottoville Banking Company P.O. Box 459, 161 W. 3RD Street, Ottoville, OH 45876-0459

WesBanco Bank Barnesville P.O. 70, 101 E. Main Street, Barnesville, OH 43713-0070
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) F & M Bank - Blakeley, Inc., Ranson, West Virginia, to merge 2/19/98

with F & M Bank-Keyser, Inc., Keyser, West Virginia, and

F & M Bank-Martinsburg, Martinsburg, West Virginia.*

*Subject to provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(3), 3(a)(5) and First Union Corporation, Charlotte, North Carolina, to acquire Newspaper - 2/14/98

4(c)(8) CoreStates Financial Corp., Philadelphia, Pennsylvania; its two Fed Reg - N/Avail

wholly owned banking subsidiaries, CoreStates Bank, N.A.,

Philadelphia, Pennsylvania, and CoreStates Bank of Delaware, N.A.,

Wilmington, Delaware; and its nonbanking subsidiaries.*

3(a)(3) Mercantile Bankshares Corporation, Baltimore, Maryland, to acquire Newspaper - 2/15/98

Marshall National Bank and Trust Company, Marshall, Virginia.* Fed Reg - 2-13-98

4(c)(8) One Valley Bancorp, Inc., Charleston, West Virginia, to acquire Fed Reg - 2/23/98

FFVA Financial Corporation, Lynchburg, Virginia, and its wholly Newspaper - 2/18/98

owned subsidiary, First Federal Savings Bank of Lynchburg,

Lynchburg, Virginia.*

CIC JNV Limited Partnership II, Arlington, Virginia, Notice of Fed Reg - N/Avail

Change in Control with respect to United Financial Banking Newspaper - N/Avail

Companies, Inc., Vienna, Virginia.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

1995.

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

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

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

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

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None

 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Colonial Bank, Montgomery, Alabama , to establish a branch 2/10/98

located at Lot 3 of Spruce Creek Business Center 2, US Highway

27/441 West, Summerfield, Florida.

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Crescent Banking Company, Jasper, Georgia, change in control Fed Reg - 02/04/98

notice filed by Mr. Michael W. Lowe to acquire at least 10 percent

of the outstanding shares of Crescent Banking Company, Jasper,

Georgia*

3(a)(5) Hibernia Corporation, New Orleans, Louisiana, to merge with Fed Reg - 02/17/98

Firstshares of Texas, Inc., and thereby directly acquire First

National Bank, Marshall, Texas.* 

CIC Vermilion Bancshares, Inc., Kaplan, Louisiana, after-the-fact Newspaper - 02/13/98

notice filed by Billy Matthews; Juanette Matthews; Billy

Matthews, Jr.; Louis Matthews; Nancy Ann Matthews; and

Whitney Matthews, to retain 10.67 percent of the outstanding

shares of Vermilion Bancshares, Inc., Kaplan, Louisiana.

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

3(a)(1) FMCB Holdings, Inc., Senoia, Georgia, notice to become a bank

holding company by acquiring Farmers and Merchants Community

Bank, Senoia, Georgia.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

 

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch 1st Source Bank Newspaper - 2/13/98

South Bend, Indiana

 100 West Main Street

 Winamac, Indiana

Branch Firstar Bank Illinois Newspaper - 2/16/98

Chicago, Illinois

 Lot 6, Almond Plaza

 Gurnee, Illinois

18(c) M&I Bank of Burlington Newspaper - N/Avail

 Burlington, Wisconsin

 Advantage Burlington Interim Bank, FSB

 Kenosha, Wisconsin

18(c) M&I Bank of Racine Newspaper - N/Avail

& Branch Racine, Wisconsin

 Racine, Wisconsin branch office of

 Advantage Bank, FSB

 Kenosha, Wisconsin

 2406 South Green Bay Road

 Kenosha, Wisconsin

18(c) M&I Marshall & Ilsley Bank Newspaper - N/Avail

Milwaukee, Wisconsin

 Advantage Wisconsin Interim Bank, FSB

 Kenosha, Wisconsin

18(c) M&I Marshall & Ilsley Bank Newspaper - N/Avail

& Branch Milwaukee, Wisconsin

 Kenosha, Wisconsin branch office of

 M&I Bank of Burlington

 Burlington, Wisconsin

 5455 Sheridan Road

 Burlington, Wisconsin
Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) M&I Marshall & Ilsley Bank Newspaper - N/Avail

& Branch Milwaukee, Wisconsin

 Lake Geneva, Wisconsin branch office of

 M&I Bank South

 Janesville, Wisconsin

 200 Edwards Boulevard

 Lake Geneva, Wisconsin

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not available at this time

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

Type Application comment period

Ending date of 

3(a)(3) Ohnward Bancshares, Inc.* Fed Reg - 2/23/98

Maquoketa, Iowa Newspaper - N/Avail

 Gateway State Bank

 Clinton, Iowa

3(a)(1) TSB Bankshares, Inc.* Fed Reg - 2/5/98

Lomira, Wisconsin Newspaper - 2/2/98

 Theresa State Bank

 Lomira, Wisconsin

3(a)(5) Indiana United Bancorp* Fed Reg - 1/29/98

Greensburg, Indiana Newspaper - 1/22/98

 P.T.C. Bancorp

 Brookville, Indiana

 People’s Trust Company

 Brookville, Indiana

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Nespaper Comment Period Ending Date

N/Avail - Not available at this time

*Subject to the provision of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

CIC Notice involving Central Bancompany, Inc., Jefferson City, N/Avail

Missouri, by Sam B. Cook, Jr. and Robert Robuck.

CIC Notice involving First State Bank of Dongola, Dongola, Illinois, Newspaper - 2/10/98

by Neal C. Needham (previously reported during week of January

5, 1998).

3(a)(1) Notice by Countryside Bancshares, Inc., Republic, Missouri, to Newspaper - 2/23/98

acquire Countryside Bank, Republic, Missouri.*

3(a)(1) Notice by Unity Bancshares, L.L.C., St. John, Missouri, to acquire N/Avail

St. Johns Bancshares, Inc., St. John, Missouri.*

3(a)(5) Notice by First United Bancshares, Inc., El Dorado, Arkansas, to N/Avail

acquire First Republic Bancshares, Inc., Rayville, Louisiana.*

3(a)(5) Notice by National City Bancshares, Inc., Evansville, Indiana, to Fed Register - 2/11/98

acquire Vernois Bancshares, Inc., Mt. Vernon, Illinois (previously

reported during week of January 5, 1998).*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

Member Notice by Leitchfield Deposit Bank & Trust Company, Leitchfield,

Kentucky, to become a member of the Federal Reserve System.

SMBOTH Notice by State Bank of Dixon, Dixon, Arkansas, to make a dividend

payment.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(3) Dakota Bancshares, Inc., Mendota Heights, Minnesota, for prior 2/17/98

approval to acquire 81.00% of the voting shares of Olivia

Bancorporation, Inc., Olivia, Minnesota.

3(a)(3) Forstorm Bancorporation, Inc., Clara City, Minnesota, for prior 2/9/98

approval to acquire 100% of the voting shares of First Valley

Bankcorp, Seeley Lake, Montana.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

None
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

637750 Choteau

The Citizens State Bank of 10/14/97 1/22/98 Satisfactory Small Bank

Choteau, Montana

Section VI - CRA examinations scheduled Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

CIC James M. Adcock, and David W. Schubert, both of Shawnee, Newspaper - N/Avail

Oklahoma, as Trustees of the Don Bodard 1995 Revocable Fed Reg - 02/10/98

Trust; to acquire voting shares of First Medicine Lodge

Bancshares, Inc., Medicine Lodge, Kansas, and thereby indirectly

acquire First National Bank of Medicine Lodge, Medicine Lodge,

Kansas.

CIC James M. Adcock, and David W. Schubert, both of Shawnee, Newspaper - N/Avail

Oklahoma, as Trustee of the Don Bodard 1995 Revocable Trust; Fed Reg - N/Avail

to acquire voting shares of United Oklahoma Bankshares, Inc.,

Del City, Oklahoma; and thereby indirectly acquire United Bank,

Del City, Oklahoma

CIC James M. Adcock, and David W. Schubert, both of Shawnee, Newspaper - N/Avail

Oklahoma, as Trustees of the Don Bodard 1995 Revocable Fed Reg - N/Avail

Trust; to acquire voting shares of Ameribank Corporation,

Shawnee, Oklahoma, and thereby indirectly acquire American

National Bank & Trust Company, Shawnee, Oklahoma.

3(a)(1) Marshall Community Bancshares, Marshall, Missouri, for prior Newspaper - 02/13/98

approval to become a bank holding company through the Fed Reg - 02/28/98

acquisition of 100 percent of the voting shares of Community

Bank of Marshall, Marshall, Missouri.

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

SR South Holt Bancshares, Oregon, Missouri, for prior approval to

redeem 25 percent of its own voting common stock.

3(a)(1) Cache Bank Financial Corporation, Greeley, Colorado, for prior

approval to become a bank holding company through the acquisition

of 100 percent of the voting shares of Cache Bank, Greeley, Colorado.

Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

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

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

733951 Citizens State Bank & Trust Company 10/27/97 01/22/98 Satisfactory

203 N. Douglas

Ellsworth, Kansas 67439-3215

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 of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(1) Community Group, Inc., The, Dallas, TX, to acquire Delaware Newspaper - 02/16/98

Community Group, Inc., The, Wilmington, DE, and United

Community Bank, N.A., Highland Village, TX*

3(a)(1) Delaware Community Group, Inc., The, Wilmington, DE, to Newspaper - 02/16/98

acquire United Community Bank, N.A., Highland Village, TX*

3(a)(3) Mainbancorp, Inc., Austin, TX, to acquire First National Newspaper - 02/17/98

Bancorporation, Inc., Ennis, TX, and the First National Bank of

Ennis, Ennis, TX*

3(a)(5) Maincorp Intermediate Holding Company, Wilmington, DE, to Newspaper - 02/17/98

merge with First National Bancorporation, Inc., Ennis, TX*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of

None

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled Quarter of

Institution Location

None

.
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of January 24, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(1) J,J & B Capital, L.P., Los Angeles, California, to become a bank Newspaper - 2/12/98

holding company by acquiring Founders National Bank of Los

Angeles, Los Angeles, California.* Fed Reg - 2/23/98

3(a)(5) First Savings Bank of Washington Bancorp, Inc., Walla Walla, Newspaper - 2/16/98

Washington, to merge with Towne Bancorp, Inc., Woodinville,

Washington, and thereby acquire 100 percent of Towne Bank, Fed Reg - 2/11/98

Woodinville, Washington.*

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

None
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

1864197 Oak Valley Bank 9/22/97 1/20/98 S X

125 N Third Avenue 

P.O. Box 98

Oakdale, CA 95361

(209) 848-2265

785062 Santa Barbara Bank & Trust 8/25/97 1/21/98 S X

1021 Anacapa Street

P.O. Drawer JJ

Santa Barbara, CA 93102-0119

Footnotes: 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 Quarter of

Institution Location

None