Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 23

Week Ending June 6, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 31, 1998 to June 6, 1998

Testimony And Statements

Antitrust issues -- statement by Governor Meyer before the House Committee on the 

Judiciary, June 3, 1998.

- Published, June 3, 1998 

Implications of developments in electronic commerce and electronic payments -- 

statement by Governor Ferguson before the Subcommittee on Finance and 

Hazardous Materials of the House Committee on Commerce, June 4, 1998.

- Published, June 4, 1998 

Social Security reform -- statement by Governor Gramlich before the Subcommittee 

on Social Security of the House Committee on Ways and Means, June 3, 1998.

- Published, June 3, 1998 

Advisory Councils

Consumer Advisory Council -- request for nominations for nine new members.

- Announced, June 3, 1998 

Bank Holding Companies

Eagle Bancorp, Inc., Bethesda, Maryland -- to acquire EagleBank.

- Approved, June 1, 1998 

Fifth Third Bancorp, Cincinnati, Ohio -- to acquire The Ohio Company, Columbus, 

Ohio, and Cardinal Management Corp. and engage in certain nonbanking activities.

- Approved, June 1, 1998 

Norwest Corporation, Minneapolis, Minnesota -- to acquire Mountain Bancshares, 

Inc., Newport, Minnesota, and Mountain Bank, Eagle, Colorado.

- Approved, June 1, 1998 

Travelers Group Inc., New York, New York, and Citicorp -- public meeting to be 

held on Thursday, June 25, 1998, at 9:00 a.m. EDT, at the Federal Reserve Bank of 

New York, 33 Liberty Street, New York, New York.

- Announced, June 4, 1998 

Forms

Annual Report on Status of Disposition of Assets Acquired in Satisfaction of Debts 

Previously Contracted (FR 4006) -- extension, without revision.

- Proposed, June 1, 1998 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions May 31, 1998 to June 6, 1998

Forms

Bank Holding Company Report of Changes in Investments and Activities (FR Y6A) -- extension, with revision.

- Proposed, June 1, 1998 

Notice of Branch Closure (FR 4031) -- extension, without revision.

- Proposed, June 1, 1998 

Report of Foreign (Non-U.S.) Currency Deposits (FR 2915) -- extension, without 

revision.

- Proposed, June 1, 1998 

Selected Balance Sheet Items for Discount Window Borrowers (FR 2046) -- 

implementation of a new information collection report.

- Proposed, June 1, 1998 

Survey to Obtain Information on the Relevant Market in Individual Merger Cases 

(FR 2060) -- extension, without revision.

- Proposed, June 1, 1998 

Written Security Program for State Member Banks (FR 4004) -- extension, without 

revision.

- Proposed, June 1, 1998 

Membership

EagleBank, Bethesda, Maryland -- to become a member of the Federal Reserve 

System and establish branches at 8677 Georgia Avenue, Silver Spring, and 110 

North Washington Street, Rockville.

- Approved, June 1, 1998 

Reserve Bank Services

Fedwire -- request for comment on proposed implementation of a segmented 

settlement period.

- Approved, June 4, 1998 

(AC) = Addition or Correction Board - Page 2 of 2
May 31, 1998 to June 6, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Bank of Inola, Broken Bow, Oklahoma -- to establish a branch at 7051 S. Garnett.

- Approved, June 4, 1998 

Kansas City

Chase Manhattan Bank, New York, New York -- to establish a branch at The Great 

Atlantic & Pacific Tea Company, Inc., 1-A Padanaram Road, Danbury, Connecticut.

- Approved, June 4, 1998 

New York

Community Bank and Trust Company, Forest City, Pennsylvania -- to establish 

branches at 125 North State Street, Clarks Summit, Pennsylvania, and Main and 

Lackawanna Avenue, Dickson City, Pennsylvania.

- Approved, June 5, 1998 

Philadelphia

First American Bank, Carpentersville, Illinois -- to establish a branch at 356 Armitage 

Avenue, Chicago, Illinois.

- Approved, June 1, 1998 

Chicago

Ireland Bank, Malad City, Idaho -- to establish a branch at 420 North Fourth Street, 

Montpelier, Idaho.

- Approved, June 2, 1998 

San Francisco

Union Bank of Illinois, Swansea, Illinois -- to relocate its branch at 200 Collinsville 

Avenue, East St. Louis, Illinois, and its satellite banking facility at St. Louis Avenue 

at Eighth Street, to 350 River Park Drive.

- Approved, June 4, 1998 

St. Louis

(AC) = Addition or Correction Delegated - Page 1 of 8
H.2 May 24, 1998 to May 30, 1998

Bank Holding Companies

A.B. Bancshares of Delaware, Inc., Wilmington, Delaware -- to acquire American 

Bank, Houston, Texas.

- Approved, May 29, 1998 (AC)

Dallas

A.B. Bancshares, Inc., Houston, Texas -- to acquire A.B. Bancshares of Delaware, 

Inc., Wilmington, Delaware, and American Bank, Houston, Texas.

- Approved, May 29, 1998 (AC)

Dallas

BankFirst Corporation, Knoxville, Tennessee -- to merge with First Franklin 

Bancshares, Inc., Athens, Tennessee, and acquire First National Bank and Trust 

Company.

- Approved, June 3, 1998 

Secretary

Central Trust Company, Lander, Wyoming -- to acquire shares of VH 

Bancorporation, Edina, Minnesota.

- Approved, June 1, 1998 

Kansas City

CNBT Bancshares (Delaware), Inc., Wilmington, Delaware -- to acquire Citizens 

National Bank of Texas, Houston, Texas.

- Approved, June 5, 1998 

Dallas

CNBT Bancshares, Inc., Bellaire, Texas -- to acquire CNBT Bancshares (Delaware), 

Inc., Wilmington, Delaware, and Citizens National Bank of Texas, Houston, Texas.

- Approved, June 5, 1998 

Dallas

First American Corporation, Nashville, Tennessee -- to acquire Peoples Bank, 

Dickson, Tennessee.

- Approved, June 5, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 8
H.2 May 31, 1998 to June 6, 1998

Bank Holding Companies

First Bancorporation, Inc., Beaufort, South Carolina -- to acquire FirstBank of the 

Midlands, N.A., Columbia, South Carolina.

- Approved, June 3, 1998 

Richmond

First Commerce Bancshares, Inc., Lincoln, Nebraska -- to acquire Western Nebraska 

National Bank, Valentine, Nebraska.

- Approved, June 3, 1998 

Kansas City

FMB Bankshares, Inc., Madison, South Dakota -- to engage in general insurance 

agency activities in a town under 5,000 through the acquisition of Canton 

Bancshares, Inc., Canton, South Dakota.

- Approved, June 3, 1998 

Minneapolis

FMB Bankshares, Inc., Madison, South Dakota -- to acquire Canton Bancshares, 

Inc., Canton, South Dakota, and First American Bank.

- Approved, June 3, 1998 

Minneapolis

Investors Financial Services Corp., Boston, Massachusetts -- to acquire AMT 

Capital Services, Inc., New York, New York, and AMT Capital Advisors, Inc.

- Approved, May 29, 1998 (AC)

Boston

Mercantile Bancorporation, Inc., St. Louis, Missouri, and Ameribanc, Inc. -- to 

acquire Firstbank of Illinois Company, Springfield, Illinois; Central National Bank of 

Mattoon, Mattoon, Illinois; Central Bank of Fairview Heights, Fairview Heights, 

Illinois; Farmers and Merchants Bank of Carlinville, Carlinville, Illinois; The Colonial 

Bank, Des Peres, Missouri; Duchesne Bank, St. Peters, Missouri; Elliott State Bank, 

Jacksonville, Illinois; First National Bank of Central Illinois, Springfield, Illinois; and 

First Trust and Savings Bank of Taylorville, Taylorville, Illinois.

- Approved, June 2, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 3 of 8
H.2 May 31, 1998 to June 6, 1998

Bank Holding Companies

North Fork Bancorporation, Inc., Melville, New York -- to acquire Amivest 

Corporation, New York, New York, and engage in investment advisory activities.

- Approved, June 3, 1998 

New York

Norwest Corporation, Minneapolis, Minnesota -- to acquire MidAmerica 

Bancshares, Inc., Newport, Minnesota; Minnesota Bancshares, Inc.; Wisconsin 

Bancshares, Inc.; Charter Bancorporation, Inc., Scottsdale, Arizona; The Bank of 

New Mexico Holding Company, Albuquerque, New Mexico; and their subsidiary 

banks; and to acquire MidAmerica Financial Corporation, New Port, Minnesota, and 

engage in lending and property leasing activities. 

- Approved, June 2, 1998 

Secretary

Norwest Corporation, Minneapolis, Minnesota -- to acquire Emjay Corporation, 

Milwaukee, Wisconsin, and engage in providing employee benefits consulting 

services.

- Permitted, June 3, 1998 

Secretary

Republic Bancshares, Inc., St. Petersburg, Florida -- to acquire Bankers Savings 

Bank, FSB, Coral Gables, Florida, and engage in operating a savings association.

- Approved, June 4, 1998 

Atlanta

Bank Mergers

Centura Bank, Rocky Mount, North Carolina -- to acquire certain assets and assume 

certain liabilities of four branches of NBC Bank, FSB, Knoxville, Tennessee.

- Approved, June 5, 1998 

Secretary

RCB Bank, Claremore, Oklahoma -- to merge with Bank of Inola, Broken Bow, 

Oklahoma.

- Approved, June 2, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 4 of 8
H.2 May 31, 1998 to June 6, 1998

Bank Mergers

Wesbanco Bank Wheeling, Wheeling, West Virginia -- to merge with Wesbanco 

Bank Barnesville, Barnesville, Ohio, and establish branches.

- Approved, June 3, 1998 

Cleveland

Bank Premises

Union Bank of Illinois, Swansea, Illinois -- investment in bank premises.

- Approved, June 4, 1998 

St. Louis

Banks, Foreign

Kredietbank N.V., Brussels, Belgium, and CERA Bank C.V., Louvain, Belgium -- 

request to file an application under Regulation K to establish offices in the United 

States.

- Approved, June 1, 1998 

General Counsel

Competitive Factors Reports

Amerifirst Bank, National Association, Union Springs, Alabama -- report on 

competitive factors of the proposed merger with Amerifirst Interim Bank.

- Submitted, June 3, 1998 

Atlanta

Bangor Savings Bank, Bangor, Maine -- report on competitive factors of the 

proposed acquisition of certain assets and assumption of certain liabilities of 31 

branches of Fleet Bank of Maine, Portland, Maine.

- Submitted, June 1, 1998 

Boston

Bank of Philippi, Inc., Philippi, West Virginia -- report on competitive factors of the 

proposed purchase of certain assets and assumption of the liabilities of the Philippi, 

West Virginia, branch of Bank One, West Virginia, N.A., Huntington, West Virginia.

- Submitted, May 21, 1998 (AC)

Cleveland

(AC) = Addition or Correction Delegated - Page 5 of 8
H.2 May 17, 1998 to May 23, 1998

Competitive Factors Reports

Boone County Bank, Inc., Madison, West Virginia -- report on competitive factors 

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

Madison, West Virginia, branches of Bank One West Virginia, N.A., Huntington, 

West Virginia.

- Submitted, May 21, 1998 (AC)

Cleveland

Fidelity Bank, Fuquay-Varina, North Carolina -- report on competitive factors of the 

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

City, North Carolina, branch of First-Citizens Bank & Trust Company, Raleigh, 

North Carolina.

- Submitted, June 2, 1998 

Richmond

First National Bank of Tampa, Tampa, Florida -- report on competitive factors of the 

proposed merger with Florida Bank Interim No. 1, National Association.

- Submitted, June 3, 1998 

Atlanta

First Security Trust Bank, F.S.B., Florence, Kentucky -- report on competitive 

factors of a de novo application.

- Submitted, June 1, 1998 

Cleveland

First Victoria National Bank, Victoria, Texas -- report on competitive factors of the 

proposed merger with FVNB Interim Bank, National Association.

- Submitted, June 2, 1998 

Dallas

Grant National Bank, Ephrata, Washington -- report on competitive factors of the 

proposed merger with New Grant National Bank.

- Submitted, June 4, 1998 

San Francisco

Jefferson Bank, Haverford, Pennsylvania -- report on competitive factors of the 

proposed merger with Regent National Bank, Philadelphia, Pennsylvania.

- Submitted, June 1, 1998 

Philadelphia

(AC) = Addition or Correction Delegated - Page 6 of 8
H.2 May 31, 1998 to June 6, 1998

Competitive Factors Reports

Kingstree Federal Savings and Loan Association, Kingstree, South Carolina -- report 

on competitive factors of the proposed merger with Kingstree Interim Savings and 

Loan Association.

- Submitted, June 2, 1998 

Richmond

NBC Bank, Pawhuska, Oklahoma -- report on competitive factors of the proposed 

acquisition of the assets and assumption of the liabilities of the Shidler, Oklahoma, 

branch of BancFirst, Oklahoma City, Oklahoma.

- Submitted, June 4, 1998 

Kansas City

SpiritBank, N.A., Tulsa, Oklahoma -- report on competitive factors of the proposed 

acquisition of the assets and assumption of the liabilities of the Stroud, Oklahoma, 

branch of MidFirst Bank, F.S.B., Oklahoma City, Oklahoma.

- Submitted, June 4, 1998 

Kansas City

Trans Financial Bank, N.A., Bowling Green, Kentucky, and Trans Financial Bank 

Tennessee, N.A., Nashville, Tennessee -- report on competitive factors of the 

proposed merger with Star Bank, N.A., Cincinnati, Ohio.

- Submitted, June 1, 1998 

Cleveland

Western National Bank, Lenexa, Kansas -- report on competitive factors of the 

proposed merger with Peoples National Bank & Trust Company, Burlington, Kansas.

- Submitted, June 4, 1998 

Kansas City

Extensions Of Time

Hometown Bancshares, Inc., Carthage, Missouri -- extension to June 30, 1998, to 

acquire Hometown Bank, N.A.

- Granted, June 1, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 7 of 8
H.2 May 31, 1998 to June 6, 1998

Extensions Of Time

WoodForest Bancshares, Inc., Houston, Texas, and Sun Belt Bancshares 

Corporation, Wilmington, Delaware -- extension to September 2, 1998, to acquire 

Main Street National Bank, Cleveland, Texas.

- Granted, June 5, 1998 

Dallas

Membership

Humboldt Trust & Savings Bank, Humboldt, Iowa -- to become a member of the 

Federal Reserve System.

- Approved, May 29, 1998 (AC)

Chicago

Pacific State Bank, Reedsport, Oregon -- to become a member of the Federal 

Reserve System.

- Approved, June 5, 1998 

San Francisco

Security Bank, Coos Bay, Oregon -- to become a member of the Federal Reserve 

System.

- Approved, June 5, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 8 of 8
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) / 3(a)(3) Service Bancorp Medway, Massachusetts – Proposal to acquire a

majority of the voting shares of Summit Bancorp, Medway

Massachusetts a de novo stock bank holding company.

Newspaper - 06/30/1998 

Fed Reg - 07/06/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Cooperatieve Centrale Raiffeisen-Boerenleenbank

B.A., Rabobank, Nederland, Utrecht, The Netherlands,

to acquire indirectly, thorugh Robeco Group, N.V.,

The Netherlands, Weiss, Peck & Greer, L.L.C.,

New York, New York, and thereby engage in acting

as an invesmtnet and financial advisor and agency

transactional services.

N/Avail

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice to establish a mobile branch headquartered out of the

Chagrin Falls Ohio branch that will service customers throughout 

Cuyahoga, Gauga, Summit, Portage, Lake, and Lorain Counties.

Newspaper – 6/28/1998

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

730316 Commercial & Savings Bank

Company

701 S. Market Street

Danville, OH 43014

10/14/1997 6/3/1998 O X

Section VI – CRA examinations scheduled for Third Quarter of 1998

Institution Location

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

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

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

The Farmers Citizens Bank Washington Square, Bucyrus, OH 44820

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

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

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

Somerset Trust Company 151 W. Main Street, Somerset, PA 15501-0777
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c)

18(c)

Hanover Bank, Mechanicsville, Virginia, to merge with

Regency Bank, Richmond, Virginia, and First Community Bank,

Forest, Virginia.*

The Bank of Marion, Marion, Virginia, to acquire certain assets

and assume certain liabilities of three branches of First-Citizens

Bank & Trust Company, Raleigh, North Carolina, located in

Gate City, Honaker, and Weber City, Virginia.*

N/Avail

7/8/1998

*Subject to provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(5)

3(a)(5)

4(c)(8)

Anchor Financial Corporation, Myrtle Beach, South Carolina, to

merge with M&M Financial Corporation, Marion, South

Carolina.*

Anchor Financial Corporation, Myrtle Beach, South Carolina, to

merge with ComSouth Bankshares, Inc., Columbia, South

Carolina.*

BB&T Corporation, Winston-Salem, North Carolina, to merge

with Maryland Federal Bancorp, Inc., Hyattsville, Maryland.*

Fed Reg – 7/2/1998

Newspaper – N/Avail

Fed Reg – 7/2/1998

Newspaper – N/Avail

Fed Reg – N/Avail

Newspaper – 7/9/1998

*Subject to provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Member Farmers Bank, Windsor, Virginia, for membership in the

Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

829032

697978

2253891

Barbour County Bank

107 Pike Street

Philippi, West Virginia 26416

Community Bank of Tri-County

3035 Leonardtown Road

Waldorf, Maryland 20601

Capital One Bank

11013 West Broad Street

Glenn Allen, Virginia 23060

3/16/1998

3/16/1998

12/8/1997

5/31/1998

6/3/1998

6/5/1998

 N

 S

 S

X

X

X
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

Comment period

Branch Republic Security Bank, West Palm Beach, Florida, to establish a

branch located at 701 U.S. Highway One, North Palm Beach,

Florida.*

4/27/1998

* Subject to the provisions of the Community Reinvestment Act*

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

Type Application

Ending date of

Comment period

4(c)(8) Republic Bancshares, Inc., St. Petersburg, Florida, to acquire

Lochaven Federal Savings and Loan Association, Winter Park,

Florida, and thereby engage in operating a savings association. *

Newspaper – 6/19/1998

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

application to become a bank holding company by retaining

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

Fed Reg – 6/29/1998

3(a)(5) SNB Bancshares, Inc., Macon, Georgia, to merge with Crossroads

Bancshares, Inc., and thereby directly acquire Crossroads Bank of

Georgia, both of Perry, Georgia.*

N/Avail

3(a)(5) Whitney Holding Corporation, New Orleans, Louisiana, to merge

with First National Bancorp of Greenville, Inc., and thereby

acquire The First National Bank of Greenville, both of 

Greenville, Alabama.*

Newspaper – 6/26/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

Comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Choiceone Bank

Sparta, Michigan

 3527 Alpine Avenue NW

 Alpine Township, Michigan

Newspaper – 6/20/1998

Branch Choiceone Bank

Sparta, Michigan

 565 S. State Street

 Sparta, Michigan

Newspaper – 6/20/1998

Branch Byron Center State Bank

Byron Center, Michigan

 4601 134th Avenue, Suite C

 Hamilton, Michigan

Newspaper – 6/22/1998

18(c) & Branch M&I Bank of Shawano

Shawano, Wisconsin

 Clintonville, Wisconsin branch office of

 M&I Bank, S.S.B.

 Sheboygan, Wisconsin

 60 10th Street

 Clintonville, Wisconsin

Newspaper – N/Avail

Newspaper - Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

3(a)(3) Associated Banc-Corp.*

Green Bay, Wisconsin

 Citizens Bankshares, Inc.

 Shawano, Wisconsin

 Citizens Bank, National Association

 Shawano, Wisconsin

Fed Reg – 6/19/1998

Newspaper – 6/18/1998
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

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

Larchwood, Iowa

 Exchange State Bancorporation, Inc.

 Hills, Minnesota

 Exchange State Bank

 Hills, Minessota

Fed Reg – 6/29/1998

Newspaper – N/Avail

3(a)(1) LeMars Acquisition Corp.*

Le Mars, Iowa

 Le Mars Bank & Trust Company

 Le Mars, Iowa

Fed Reg – 7/2/1998

Newspaper – N/Avail

3(a)(3) Banc One Corporation*

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(3) Banc One Corporation (DE)*

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) CGB&L Financial Group, Inc.*

Cerro Gordo, Illinois

 Cerro Gordo Building and Loan, S.B.

 Cerro Gordo, Illinois

Fed Reg – N/Avail

Newspaper – 6/27/1998

3(a)(3) First Chicago NBD Corporation*

Chicago, Illinois

 Banc One Corporation

 Columbus, Ohio

 Banc One Corporation (DE)

 Columbus, Ohio

Fed Reg – N/Avail

Newspaper – N/Avail

CIC PSB Corporation

Wellsburg, Iowa

 By PSB Corporation ESOP with 401K Provision

Fed Reg – 6/19/1998

Newspaper – N/Avail

CIC Community Bancorp, Inc.

Norwalk, Wisconsin

 By John D. Dreier

Fed Reg – 6/9/1998

Newspaper – 6/8/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

4(c)(8) Associated Banc-Corp.

Green Bay, Wisconsin

 Wisconsin Finance Corporation

 Shawano, Wisconsin

 Citizens Financial Services, Inc.

 Shawano, Wisconsin

Fed Reg – 6/19/1998

4(c)(8) Unionbancorp, Inc.

Ottawa, Illinois

 Sainet, an Internet Service Provider

 Streator, Illinois

Fed Reg – 6/18/1998

4(c)(8) Banc One Corporation

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – N/Avail

4(c)(8) Banc One Corporation (DE)

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – N/Avail

4(c)(8) CGB & L Financial Group, Inc.

Cerro Gordo, Illinois

 To engage in extending credit and servicing loans

Fed Reg – N/Avail

4(c)(8) First Chicago NBD Corporation

Chicago, Illinois

 Banc One Corporation

 Columbus, Ohio

 Banc One Corporation (DE)

 Columbus, Ohio

Fed Reg – N/Avail

4(c)(8) Blackhawk Bancorp, Inc.

Beloit, Wisconsin

 First Financial Bancorp, Inc.

 Belvidere, Illinois

 First Federal Savings Bank

 Belvidere, Illinois

 First Financial Services of Belvidere, Illinois, Inc.

 Belvidere, Illinois

Fed Reg – N/Avail

Fed Reg - Federal Register Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

64334 Eastern Michigan Bank

65 N. Howard

Croswell, Michigan 48422

(810) 679-2500

2/2/1998 6/5/1998 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

4(c)(8) Notice by Farmers Bancshares, Inc., Hardinsburg, Kentucky, to

acquire up to 30 percent of the voting shares of Leitchfield Deposit

Bancshares, Inc., Leitchfield, Kentucky, and thereby indirectly

acquire a controlling interest in its wholly owned nonbank

subsidiary, Leitchfield Deposit Bancshares Insurance Agency, Inc.,

Leitchfield, Kentucky, and thereby indirectly engage in the sale, as

agent, of credit related insurance sold in connection with

extensions of credit made by an affiliate bank. (Companion

Section 3(a)(3) notice* was previously reported during the week of

May 4, 1998, without advice of the Section 4(c)(8) notice. 

Consequently, a separate Federal Register publication was required

for the Section 4(c)(8) notice.)

Fed Reg - 6/24/1998

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

Ownership Plan, Poplar Bluff, Missouri, to acquire Midwest

Bancorporation, Inc., Poplar Bluff, Missouri (Previously reported

during the week of May 25, 1998. However, republication of the

newspaper notice was subsequently required.).*

Newspaper - N/Avail

Fed Reg - 6/29/1998

3(a)(1) Notice by Peoples Service Company, Nixa, Missouri, to acquire

Peoples Banking Company, Springfield, Missouri.*

Fed Reg - 7/2/1998

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

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

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, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) JDOB Inc., Sandstone, Minnesota, for prior approval to acquire 

80% or more of the voting shares of Lakeland National Bank, Lino

Lakes, Minnesota, a de novo bank.*

N/Avail

3(a)(5) Community First Bankshares, Inc., Fargo, North Dakota, for prior

approval to merge with Guardian Bancorp, Salt Lake City, Utah.*

Fed Reg - 6/26/1998

CIC Anton J. Ringsmuth to acquire control of The Ringsmuth Family

Limited Partnership, Wakefield, Michigan.

N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

52755 M&I Merchants Bank

Rhinelander, Wisconsin

12/1/1997 4/14/1998 S X

666358 First Citizens Bank

Butte, Montana

3/3/1998 6/3/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First American Bank & Trust Company, Purcell, Oklahoma, to

establish a branch at 800 N.E. 12th Avenue, Norman, Oklahoma.

Newspaper – N/Avail

18(c) / Branch Exchange Bank & Trust Company, Perry, Oklahoma, to purchase

the assets and assume the liabilities of the Perry, Oklahoma,

branch of BancFirst, Oklahoma City, Oklahoma; and incident

thereto, establish an additional branch.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(1) Apex Mortgage Company, Edmond, Oklahoma, for prior approval

to acquire 100 percent of the voting shares of Edmond Bank and

Trust, Edmond, Oklahoma, a de novo bank in organization.

Newspaper – 07/03/1998

Fed Reg – 07/02/1998

3(a)(3) Gold Bancorporation, Leawood, Kansas, for prior approval to

acquire 100 percent of the voting shares of Tri-County

Bancshares, Inc., Linn, Kansas; and thereby indirectly acquire TriCounty National Bank, Linn, Kansas.

Newspaper – N/Avail

Fed Reg – 06/29/1998

3(a)(3) Financial Bancshares, Inc., Holton, Kansas, for prior approval to

acquire 18.18 percent of the voting shares of Arizona Bancshares,

Inc., Flagstaff, Arizona; and thereby indirectly acquire First State

Bank, Flagstaff, Arizona, a de novo bank in organization.

Newspaper – N/Avail

Fed Reg – N/Avail

3(a)(5) Winter Trust of 12/03/74, Monument, Colorado, for prior

approval to merge with Peoples Trust of 1987, Ottawa, Kansas;

and for El Paso Bancshares, Inc., Monument, Colorado, to merge

with Peoples, Inc., Ottawa, Kansas; and thereby indirectly acquire

Peoples National Bank, Overland Park, Kansas, Johnson County

Bank, Overland Park, Kansas, and Peoples National Bank & Trust,

Ottawa, Kansas.

Newspaper – 07/12/1998

Fed Reg – N/Avail
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

CIC David T. Chandler, Pratt, Kansas, and Charles Q. Chandler IV,

Wichita, Kansas, trustess of the David T. Chandler Trust No. 2,

the Paul T. Chandler Trust No. 2, the George T. Chandler Jr. Trust

No. 2, the George T. Chandler III Trust No. 2, the Barbara Ann

Chandler Trust No. 2, the Travis Chandler Jordan Trust No. 2, and

the William Chandler Trust No. 2; for prior approval to acquire

voting shares of First Pratt Bancshares, Inc., Pratt, Kansas, and

thereby indirectly acquire voting shares of First National Bank in

Pratt, Pratt, Kansas.

Newspaper – 06/20/1998

Fed Reg – 06/22/1998

CIC / SR Frank Phillips Giltner III, Phoenix, Arizona, for prior approval to

acquire voting shares of The Avoca Company, Avoca, Nebraska;

and thereby indirectly acquire Farmers State Bank of Nebraska,

Bennet, Nebraska; and for The Avoca Company to redeem 15,459

shares of its own voting common stock.

Newspaper – N/Avail

Fed Reg – 06/25/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

277053 First State Bank of Hotchkiss

102 E. Bridge Street

Hotchkiss, Colorado 81419

03/16/1998 06/02/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

908861 Security State Bank

115 W. 3rd Street

Pecos, TX 79772

02/23/1998 06/06/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, June 6, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Hanmi Bank, Los Angeles, California, to merge with First Global

Bank, F.S.B., Los Angeles, California.*

Newspaper - 6/02/1998

* Subject to the provisions of the Community Reinvestment Act

Newspaper - Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

3(a)(1) Refiled: San Juan Bank Holding Company to become a bank

holding company by acquiring Islanders Bank, both of Friday

Harbor, Washington.*

Newspaper - 5/15/1998

Fed Reg - 6/02/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper – Newspaper Comment Period Ending Date

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

478766 Liberty Bank

500 Linden Avenue

South San Francisco, CA 94080

(650) 871-2400

2/06/1998 6/03/1998 S X

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended

to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or

omissions.

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None