Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 41

Week Ending October 10, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions October 4, 1998 to October 10, 1998

Testimony And Statements

Impact of euro banknotes on the demand for U.S. currency -- statement by Theodore 

E. Allison, Assistant to the Board, before the Subcommittee on Domestic and 

International Monetary Policy of the House Committee on Banking and Financial 

Services, October 8, 1998.

- Published, October 8, 1998 

Bank Holding Companies

Travelers Group Inc., New York, New York -- requests by certain commenters for 

reconsideration and stay of the Board's approval of the application to acquire 

Citicorp.

- Denied, October 7, 1998 

Banks, Foreign

Chinatrust Commercial Bank, Ltd., Taipei, Taiwan -- to establish a state-licensed 

branch in New York, New York.

- Approved, October 5, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
October 4, 1998 to October 10, 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

Banco Popular de Puerto Rico, Hato Rey, Puerto Rico -- to establish a de novo 

branch at 159-17 Jamaica Avenue, Jamaica, New York.

- Approved, October 9, 1998 

New York

Bank of Hampton Roads, Chesapeake, Virginia -- to establish a branch at the Border 

Station Shopping Center, State Route 168.

- Approved, October 7, 1998 

Richmond

F&M Bank - Central Virginia, Charlottesville, Virginia -- to establish a branch at the 

intersection of U.S. Route 29 and State Route 607, Ruckersville, Virginia.

- Approved, October 7, 1998 

Richmond

First Virginia Bank, Falls Church, Virginia -- to establish a branch at 5844 Mapledale 

Plaza, Woodbridge, Virginia.

- Approved, October 5, 1998 

Richmond

Pioneer Bank & Trust, Belle Fourche, South Dakota -- to establish a branch at 2018 

Mt. Rushmore Road, Rapid City, South Dakota.

- Approved, October 6, 1998 

Minneapolis

Summit Bank, Bethlehem, Pennsylvania -- to establish a branch at Genuardi's Family 

Market, 1758 Allentown Road, Lansdale, Pennsylvania.

- Approved, October 7, 1998 

Philadelphia

SunTrust Bank, Tampa Bay, Tampa, Florida -- to establish a branch at 12101 

Linebaugh Avenue, to be known as the Westchase Branch office.

- Approved, October 7, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 1 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Bank Holding Companies

Aberdeen Financial Corporation, Sierra Blanca, Texas -- to acquire Aberdeen 

Financial Intermediate Holding Company, Wilmington, Delaware, and Bank of Sierra 

Blanca, Sierra Blanca, Texas.

- Withdrawn, October 9, 1998 

Dallas

Aberdeen Financial Intermediate Holding Company, Wilmington, Delaware -- to 

acquire Bank of Sierra Blanca, Sierra Blanca, Texas.

- Withdrawn, October 9, 1998 

Dallas

ANB Corporation, Muncie, Indiana -- to retain through American National Trust and 

Investment Management Company, shares of Indiana Trust & Investment 

Management Company, Mishawaka, Indiana, and engage in trust company functions.

- Approved, October 8, 1998 

Chicago

Area Bancshares Corporation, Owensboro, Kentucky -- to acquire Broadway Bank 

and Trust, Paducah, Kentucky.

- Approved, October 8, 1998 

St. Louis

BancFirst Corporation, Oklahoma City, Oklahoma -- to acquire Kingfisher Bancorp, 

Inc., Kingfisher, Oklahoma; and related application by BancFirst Corporation to 

merge with Kingfisher Bank & Trust Company, Kingfisher, and establish a branch at 

124 S. Main Street.

- Approved, October 7, 1998 

Kansas City

BancorpSouth, Inc., Tupelo, Missouri -- waiver of notification to acquire through 

merger The First Corporation, Opelika, Alabama, and First National Bank of Opelika.

- Granted, October 9, 1998 

St. Louis

(AC) = Addition or Correction Delegated - Page 2 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Bank Holding Companies

Cortland First Financial Corporation, Cortland, New York -- to merge with Oneida 

Valley Bancshares, Inc., Oneida, New York, and acquire Oneida Valley National 

Bank of Oneida.

- Approved, October 7, 1998 

New York

Frontier Financial Corporation, Everett, Washington -- to acquire, by merger, Valley 

Bancorporation, Sumner, Washington.

- Approved, October 7, 1998 

San Francisco

George Family Partnership, Ltd., Bonifay, Florida, and Bonifay Holdings, L.L.C. -- 

to acquire Bonifay Holding Company, Inc., and Bank of Bonifay.

- Approved, September 30, 1998 (AC)

Atlanta

Hibernia Corporation, Inc., New Orleans, Louisiana -- to merge with MarTex 

Bancshares, Inc., Marshall, Texas, and acquire First Service Bank.

- Approved, October 9, 1998 

Atlanta

Imperial Bancorp, Inglewood, California -- to acquire First Houston Financial 

Services, Inc., Houston, Texas, and engage in data processing activities.

- Approved, October 5, 1998 

San Francisco

Legacy Bancorp, Inc., Milwaukee, Wisconsin -- to acquire Legacy Bank.

- Approved, October 9, 1998 

Chicago

MetroCorp Bancshares, Inc., Houston, Texas -- to acquire MetroCorp-Delaware, 

Inc., Wilmington, Delaware, and MetroBank, N.A., Houston.

- Approved, October 9, 1998 

Dallas

(AC) = Addition or Correction Delegated - Page 3 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Bank Holding Companies

MetroCorp-Delaware, Inc., Wilmington, Delaware -- to acquire MetroBank, N.A., 

Houston, Texas.

- Approved, October 9, 1998 

Dallas

Michigan Community Bancorp Limited, Sterling Heights, Michigan -- to acquire 

Lakeside Community Bank and North Oakland Community Bank, Rochester Hills, 

Michigan.

- Approved, October 9, 1998 

Chicago

National City Bancshares, Inc., Evansville, Indiana -- to acquire through merger 

Progressive Bancshares, Inc., Lexington, Kentucky, and The Progressive Bank, N.A.

- Approved, October 5, 1998 

St. Louis

Norwest Corporation, Minneapolis, Minnesota -- to engage through RELS, LLC, 

San Diego, California, and RELS Title, LLC, Edina, Minnesota, in residential real 

estate appraisal, consumer income verification, consumer credit reporting activities, 

and certain residential real estate closing service activities.

- Approved, October 5, 1998 

Secretary

Provincial Corp., Lakeville, Minnesota -- to acquire shares of Provincial Bank.

- Approved, October 8, 1998 

Minneapolis

PSB Corporation, Wellsburg, Iowa -- to acquire Denver Ban Corporation, Denver, 

Iowa, and Denver Savings Bank.

- Returned, October 7, 1998 

Chicago

Second Bancorp, Warren, Ohio -- to acquire Trumbull Financial Corporation.

- Approved, October 7, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 4 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Bank Holding Companies

Seed Money Limited Partnership, Allison Park, Pennsylvania -- to acquire Enterprise 

Bank.

- Approved, October 8, 1998 

Cleveland

Simmons First National Corporation, Pine Bluff, Arkansas -- to merge with 

American Bancshares of Arkansas, Inc., Charleston, Arkansas, and acquire American 

State Bank.

- Approved, October 5, 1998 

Secretary

TIB Financial Corporation, Key Largo, Florida -- to acquire through TIB Software 

and Services, Inc., an interest in ERAS Joint Venture, Miami, Florida, and engage in 

data processing activities.

- Approved, October 7, 1998 

Atlanta

Bank Mergers

People First Bank, Hennessey, Oklahoma -- to merge with City Bank, Weatherford, 

Oklahoma, and retain branches at 115 N. Custer; 116 N. College, Cordell, 

Oklahoma; and 607-609 W. Main Street, Corn, Oklahoma.

- Approved, October 8, 1998 

Kansas City

Banks, Nonmember, And Miscellaneous Institutions

Enron Federal Credit Union, Houston, Texas -- deregistration under Regulation U.

- Approved, October 7, 1998 

Dallas

Microage, Inc., Tempe, Arizona -- deregistration under Regulation U.

- Approved, October 7, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 5 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Banks, State Member

Bank of Bentonville, Bentonville, Arkansas -- to acquire through merger State Bank 

of Noel, Noel, Missouri, and to retain its main office and two proposed facilities as 

branches.

- Approved, October 9, 1998 

St. Louis

Gretna State Bank, Gretna, Nebraska -- to declare a dividend.

- Approved, October 6, 1998 

Kansas City

WestStar Bank, Bartlesville, Oklahoma -- to declare a dividend.

- Approved, October 9, 1998 

Kansas City

Change In Bank Control

Empire Bancshares, Inc., Sioux Falls, South Dakota -- change in bank control.

- Withdrawn, October 9, 1998 

Minneapolis

First of Murphysboro Corp., Murphysboro, Illinois -- change in bank control.

- Permitted, October 7, 1998 

St. Louis

Competitive Factors Reports

Atlantic Bank of New York, New York, New York -- report on competitive factors 

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

Chicago, Illinois, branch of National Bank of Greece, Boston, Massachusetts.

- Submitted, October 8, 1998 

Boston

Citizens Bank, Vienna, Georgia -- report on competitive factors of the proposed 

merger with Bank of Milan, Milan, Georgia.

- Submitted, October 7, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 6 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Competitive Factors Reports

Citizens Bank, Vienna, Georgia -- report on competitive factors of the proposed 

merger with The Brown Bank, Cobbtown, Georgia.

- Submitted, October 7, 1998 

Atlanta

Farmers & Merchants National Bank, Frederick, Maryland -- report on competitive 

factors of the proposed merger with Taneytown Bank & Trust Company, 

Taneytown, Maryland.

- Submitted, October 8, 1998 

Richmond

First Citizens Bank of Fayette County, Fayetteville, Georgia -- report on competitive 

factors of the proposed merger with First Citizens Bank of Clayton County, 

Riverdale, Georgia.

- Submitted, October 7, 1998 

Atlanta

First National Bank of Cortland, Cortland, New York -- report on competitive 

factors of the proposed merger with and into Oneida Valley National Bank of 

Oneida, Oneida, New York.

- Submitted, October 7, 1998 

New York

First National Bank of Opelika, Opelika, Alabama -- report on competitive factors of 

the proposed merger with and into BancorpSouth Bank, Tupelo, Mississippi.

- Submitted, October 7, 1998 

Atlanta

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

proposed merger with Eagle National Interim Bank.

- Submitted, October 6, 1998 

Dallas

First Savings Bank of Washington, Walla Walla, Washington -- report on 

competitive factors of the proposed acquisition of Whatcom State Bank, Bellingham, 

Washington.

- Submitted, October 6, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 7 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Competitive Factors Reports

First Western Bank, Burnsville, North Carolina -- report on competitive factors of 

the proposed merger with Mitchell Savings Bank, Inc., SSB, Spruce Pine, North 

Carolina.

- Submitted, October 7, 1998 

Richmond

First-Citizens Bank & Trust Company, Raleigh, North Carolina -- report on 

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

liabilities of the Dunn and Pittsboro, North Carolina, branches of First Union 

National Bank, Charlotte, North Carolina.

- Submitted, October 7, 1998 

Richmond

Hibernia National Bank, New Orleans, Louisiana -- report on competitive factors of 

the proposed acquisition of First Guaranty Bank, Hammond, Louisiana.

- Submitted, October 7, 1998 

Atlanta

National Bank of Greece, Boston, Massachusetts -- report on competitive factors of 

the proposed merger of its West Roxbury branch into its Boston and Cambridge 

branches.

- Submitted, October 8, 1998 

Boston

National Bank of the South, Tuscaloosa, Alabama -- report on competitive factors of 

the proposed merger with and into National Bank of Commerce.

- Submitted, October 7, 1998 

Atlanta

Portola Merger Sub, San Diego, California -- report on competitive factors of the 

proposed merger with Peninsula Bank of San Diego.

- Submitted, October 7, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 8 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Competitive Factors Reports

Southern Bank and Company, Mount Olive, North Carolina -- report on competitive 

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

the Red Springs, North Carolina, branch of First Union National Bank, Charlotte, 

North Carolina. 

- Submitted, October 6, 1998 

Richmond

SouthTrust Bank, National Association, Birmingham, Alabama -- report on 

competitive factors of the proposed acquisition by merger of SecurityBank Trust, 

Arlington, Texas.

- Submitted, October 6, 1998 

Secretary

Extensions Of Time

America's First Bancorp, Washington, D.C. -- extension to January 8, 1999, to 

acquire America's First Bank, National Association.

- Granted, October 6, 1998 

Richmond

Community Banks of Florida, Inc., Naples, Florida -- extension to January 7, 1999, 

to acquire Community Bank of Naples, N.A.

- Granted, October 6, 1998 

Atlanta

Cumberland Bancorp, Inc., Carthage, Tennessee -- extension to January 7, 1999, to 

acquire The Bank of Mason, Mason, Tennessee.

- Granted, October 7, 1998 

Atlanta

Hancock Holding Company, Gulfport, Mississippi -- extension to January 15, 1999, 

to merge with American Security Bancshares, Inc., Ville Platte, Louisiana, and 

acquire American Security Bank.

- Granted, October 8, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 9 of 10
H.2 Actions under delegated authority October 4, 1998 to October 10, 1998

Extensions Of Time

JDOB, Inc., Sandstone, Minnesota -- extension to January 8, 1999, to acquire 

Lakeland National Bank, Lino Lakes, Minnesota.

- Granted, October 6, 1998 

Minneapolis

Southern Heritage Bancorp, Inc., Oakwood, Georgia -- extension to January 30, 

1999, to acquire Southern Heritage Bank.

- Granted, October 8, 1998 

Atlanta

Membership

Legacy Bank, Milwaukee, Wisconsin -- to become a member of the Federal Reserve 

System.

- Approved, October 9, 1998 

Chicago

Midwest Bank of Western Illinois, Monmouth, Illinois -- to become a member of the 

Federal Reserve System.

- Approved, October 7, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 10 of 10
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, October 10, 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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, October 10, 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) Warwick Community Bancorp, Inc., sole shareholder of The

Warwick Savings Bank, both of Warwick, New York, to acquire

more than 5 percent but less than 10 percent of the outstanding

shares of the common stock of GSB Financial Corporation, the

sole shareholder of Goshen Savings Bank, both of Goshen, New

York.*

Newspaper – 11/07/1998

3(a)(3) Popular, Inc., and Popular International Bank, Inc., both of Hato

Rey, Puerto Rico, Popular North America, Inc., Mt. Laurel, New

Jesey, and Banco Popular North America, Inc., Chicago, Illinois,

to acquire control of the proposed New York state-chartered

Banco Popular, New York, New York, New York .*

Newspaper - 10/09/1998

Fed Reg – 10/23/1998

3(a)(3) Popular, Inc., and Banco Popular de Puerto Rico, both of Hato

Rey, Puerto Rico, to acquire the proposed Puerto Rico statechartered Banco Popular Transition Bank, Hato Rey, Puerto

Rico.*

Newspaper - 10/09/1998

Fed Reg – 10/23/1998

3(a)(3) Popular, Inc., Popular International Bank, Inc., both of Hato

Rey, Puerto Rico, and Popular North America, Inc., Mt. Laurel,

New Jersey, to retain control of Banco Popular N.A. (New

Jersey), Newark, New Jersey, upon its conversion from a federal

savings association.*

Newspaper - 10/09/1998

Fed Reg – 10/23/1998

3(a)(3) Banco Popular North America, Inc., Mt. Laurel, New Jersey, to

acquire control of Banco Popular, N.A. (Texas), Houston,

Texas.*

Newspaper - 10/09/1998

Fed Reg – 10/23/1998

* 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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, October 10, 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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, October 10, 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

3(a)(3)

3(a)(5)

4(c)(8)

Applications/notices under Sections 3(a)(3), 3(a)(5), and 4(c)(8)

of th BHCA from FirstMerit Corporation, Akron, OH received

on 10/08/1998 to acquire Signal Corp., Wooster, OH and its

bank and non-bank subsidiaries.

Newspaper –

11/09/1998*

3(a)(1) Application/notice under Section 3(a)(1) of the BHCA from Salt

Lick Bancorp, Inc., Salt Lick, KYreceived on 10/08/1998 to

acquire Salt Lick Deposit Bank, Salt Lick, KY.

N/Avail - *
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, October 10, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch The Fauquier Bank, Warrenton, Virginia, to establish a branch

at 8097 Sudley Road, Manassas, Virginia.*

10/31/1998

Branch First Bank, Strasburg, Virginia, to establish a branch at 661

North Loudoun Street, Winchester, Virginia.*

11/02/1998

*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) City Holding Company, Charleston, West Virginia, to merge

with Horizon Bancorp, Inc., Beckley, West Virginia.*

Fed Reg – 11/06/1998

Newspaper - 11/10/1998

*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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, October 10, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First Commercial Bank of Florida, Orlando, Florida

(in organization), to establish a branch located at 910 West Vine

Street, Kissimmee, Florida.

10/22/1998*

Member First Commercial Bank of Florida, Orlando, Florida, to become

a member of the Federal Reserve System.

10/22/1998*

18(c) Republic Security Bank, West Palm Beach, Florida, to merge

with Northside Bank of Tampa, Tampa, Florida.

11/04/1998*

Branch Southwest Georgia Bank, Moultrie, Georgia, to establish a

branch located at 720 West Fourth Street, Adel, Georgia.

10/30/1998*

*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)(1) First Community Bancorp, Inc., Pahokee, Florida, to become a

bank holding company by acquiring First Community Bank of

Palm Beach County, Pahokee, Florida.

N/Avail*

3(a)(1) Jacksonville Bancorp, Inc., Jacksonville, Florida, to become a

bank holding company by acquiring The Jacksonville Bank,

Jacksonville, Florida (in organization).

N/Avail*

3(a)(1) Community Spirit Bancshares, Inc., Belmont, Mississippi, to

become a bank holding company by acquiring Community Spirit

Bank – Mississippi, Belmont, Mississippi (in organization).

Fed Reg - 11/06/1998*

3(a)(3) The Weatherford Foundation of Red Bay, AL, Inc., Red Bay,

Alabama, along with its bank holding company subsidiary,

Independent Bancshares, Inc., Red Bay, Alabama, to acquire

Community Spirit Bancshares, Inc., Belmont, Mississippi, and

its subsidiary, Community Spirit Bank – Mississippi, Belmont,

Mississippi (in organization).

Fed Reg - 11/06/1998*

*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

WAIVR Republic Security Financial Corporation, West Palm Beach,

Florida, request for a waiver of the application requirements of

section 3 of the Bank Holding Company Act in connection with

its proposed acquisition of Northside Bank of Tampa, Tampa,

Florida.

4(c)(8) Community National Bank Corporation, Venice, Florida, to

acquire Community Advisory Services, Inc., Venice, Florida,

and thereby engage in investment advisory services.

4(c)(8) Community National Bank Corporation, Venice Florida, to

acquire Community Financial Centers, Inc., Venice, Florida, and

thereby engage in securities brokerage services, solely as an

agent for the account of customers.

4(c)(8) Community National Bank Corporation, Venice Florida, to

acquire Community Investment Centers, Inc., Venice, Florida,

and thereby engage in financial advisory services and insurance

agency activities.

4(c)(8) Perry Banking Company, Perry, Georgia, to engage de novo in

making, acquiring, brokering, or servicing loans or other

extensions of credit.

4(c)(8) Britton & Koontz Capital Corporation, Natchez, Mississippi, to

acquire a 35 percent joint venture interest in InterBank Systems,

Inc., Natchez, Mississippi, and thereby engage in data

processing activities.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

567231 Bank of Alabama

2340 Woodcrest Place

Birmingham, Alabama 35209

(205) 870-1939

07/06/1998 10/06/1998 S X

539733 SunTrust Bank,

North Central Florida

Post Office Box 310

Ocala, Florida 32678

(904) 368-6200

06/01/1998 10/08/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, October 10, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch G. W. Jones Exchange Bank

Marcellus, Michigan

 69139 M-62 South

 Edwardsburg, Michigan

Newspaper – 10/19/1998

18(c) & Branch Pinnacle Bank

St. Joseph, Michigan

 Citizens National Bank of Evansville

 Evansville, Indiana

 Citizens Bank of Southern Indiana

 Tell City, Indiana

 Citizens Bank of Western Indiana

 Terre Haute, Indiana

 Citizens Bank of Kentucky

 Madisonville, Kentucky

 Citizens Bank of Central Indiana

 Greenwood, Indiana

 Citizens Bank of Illinois, N.A.

 Mount Vernon, Illinois

 Citizens Trust Company of Indiana, National Association

 Evansville, Indiana

 and thereby to establish 102 branches

Newspaper – N/Avail

Branch 1

st Source Bank

South Bend, Indiana

 2804 East Center Street

 Warsaw, Indiana

Newspaper – 10/30/1998

Branch Unionbank West

Macomb, Illinois

 2442 Broadway

 Quincy, Illinois

Newspaper – 11/2/1998

Branch Comerica Bank

Detroit, Michigan

 5270 Eastern Avenue, S.E.

 Grand Rapids, Michigan

Newspaper – 10/24/1998

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) Ambank Holdings, Inc.*

Davenport, Iowa

 American Bank and Trust Company (in organization)

 Davenport, Iowa

Fed Reg – 10/26/1998

Newspaper – 10/24/1998

3(a)(1) St. Charles Financial Corporation*

Oak Brook, Illinois

 Commerce Bancorp, Inc.

 Berkeley, Illinois

 National Bank of Commerce

 Berkeley, Illinois

Fed Reg – 10/26/1998

Newspaper – 10/26/1998

3(a)(3) Community Bancshares Corp.*

Indianola, Iowa

 Fort Des Moines Community Bank (in organization)

 Des Moines, Iowa

Fed Reg – 10/26/1998

Newspaper – 10/26/1998

3(a)(3) PSB Corporation*

Wellsburg, Iowa

 Denver Ban Corporation

 Denver, Iowa

 Denver Savings Bank

 Denver, Iowa

Fed Reg – 11/2/1998

Newspaper – N/Avail

3(a)(1) Community Shores Bank Corporation*

Roosevelt Park, Michigan

 Community Shores Bank (in organization)

 Norton Shores, Michigan

Fed Reg – 11/2/1998

Newspaper – 10/30/1998

3(a)(1) CDS Bancorp, Inc.*

Spirit Lake, Iowa

 First Bank & Trust

 Spirit Lake, Iowa

Fed Reg – 11/6/1998

Newspaper – N/Avail

3(a)(1) Clarkston Financial Corporation*

Clarkston, Michigan

 Clarkston State Bank (in organization)

 Clarkston, Michigan

Fed Reg – 11/2/1998

Newspaper – N/Avail

3(a)(3) Ida Grove Bancshares, Inc.*

Ida Grove, Iowa

 First State Bank

 Churdan, Iowa

Fed Reg – 11/6/1998

Newspaper – 11/7/1998

CIC Brunsville Bancorporation, Inc.

Brunsville, Iowa

 By Steven J. Harms, Richard H. Harms, Beth Ann Rollinger

 and Carol M. Schmitz

Fed Reg – 10/27/1998

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

Type Application

Ending date of

comment period

CIC Merrill Bancorporation, Inc.

Merrill, Iowa

 By Steven J. Harms, Richard H. Harms, Beth Ann Rollinger

 and Carol M. Schmitz

Fed Reg – 10/27/1998

Newspaper – N/Avail

3(a)(1) Oakfield Bancorp, Inc.*

Oakfield, Wisconsin

 Bank of Oakfield

 Oakfield, Wisconsin

Fed Reg – N/Avail

Newspaper – N/Avail

* 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

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, October 10, 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

CIC Notice involving First Sandoval Bancorp, Inc, Sandoval, Illinois,

by Michael M. Jensen (previously reported during the week

ending October 3, 1998).

Newspaper – 10/27/1998

Fed Reg – 10/20/1998

CIC Notice involving First Perry Bancorp, Inc., Pinckneyville,

Illinois, by First Perry Bancorp Employee Stock Ownership

Plan, Pinckneyville, Illinois.

Newspaper – 10/14/1998

Fed Reg – 10/27/1998

3(a)(3) *Notice by First Banks, Inc., St. Louis, Missouri, to indirectly

acquire Redwood Bancorp, San Francisco, California.

Newspaper – 11/5/1998

Fed Reg – 11/6/1998

3(a)(3) *Companion notice by First Banks America, Inc., St. Louis,

Missouri, a subsidiary of First Banks, Inc., St. Louis, Missouri,

to acquire Redwood Bancorp, San Francisco, California.

Newspaper – 11/5/1998

Fed Reg 11/6/1998

* 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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

852142 The Bank of Yellville

Yellville, Arkansas

6/29/1998 10/10/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, October 10, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) New First Valley Bank, Seeley Lake, Montana, to merge with

First Valley Bank, Seeley Lake, Montana.*

10/31/1998

* 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

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

Member New First Valley Bank, Seeley Lake, Montana, to become a

member of the Federal Reserve System.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, October 10, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) / Branch Poteau State Bank, Poteau, Oklahoma, for prior approval to

merge with Spiro Interim Bank, Spiro, Oklahoma, and incident

thereto, establish an additional branch at 617 West Broadway,

Spiro, Oklahoma.

Newspaper – 10/23/1998

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

Type Application

Ending date of

comment period

3(a)(3) First Express of Nebraska, Gering, Nebraska, for prior approval

to acquire 100 percent of the voting shares of Wauneta Falls

Bancorp, Inc., Wauneta, Nebraska; and thereby indirectly

acquire Wauneta Falls Bank, N.A., Wauneta, Nebraska, and

Ogallala National Bank, Ogallala, Nebraska.

Newspaper – N/Avail

Fed Reg – N/Avail

3(a)(3) Central Financial Corporation, Hutchinson, Kansas, to acquire

9.9 percent of the voting shares of Fort Worth National Bank,

Fort Worth, Texas.

Newspaper – N/Avail

Fed Reg – 11/06/1998

3(a)(3) Astra Financial Corporation, Prairie Village, Kansas; to become

a bank holding company by acquiring 100 percent of Mitchell

County Bank, Simpson, Kansas, and up to 13.52 percent of First

Missouri Bancshares, Brookfield, Missouri, and thereby

indirectly acquire First Missouri National Bank, Brookfield,

Missouri.

Newspaper – 10/23/1998

Fed Reg – 11/02/1998

CIC Walter David Scott, Amy Scott Wiler, Sandra Scott Parker, and

James A. Hansen, all of Omaha, Nebraska; and Karen Scott

Dixon, Leawood, Kansas; to acquire voting shares of Ashland

Bancshares, Inc., Ashland, Nebraska, and thereby indirectly

acquire Sapp City Bank, Omaha, Nebraska.

Newspaper – 10/23/1998

Fed Reg – 10/27/1998
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

4(c)(8) Tampa State Bancshares, Tampa, Kansas, to engage in

community development activities.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, October 10, 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) Aberdeen Financial Corporation, Sierra Blanca, TX, and

Aberdeen Financial Intermediate Holding Company,

Wilmington, DE, to acquire

Bank of Sierra Blanca, Sierra Blanca, TX*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) Aberdeen Financial Intermediate Holding Company,

Wilmington, DE, to acquire

Bank of Sierra Blanca, Sierra Blanca, TX*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(3) Texas Financial Bancorporation, Inc., Minneapolis, MN,

to acquire TNB Bancorporation, Inc., Brenham, TX,

TNB Bancorporation of Delaware, Inc., Wilmington, DE, and

Texas National Bank, Brenham, TX*

(Previously reported the week ending October 3, 1998)

Fed Reg – 11/02/1998

Newspaper – 10/30/1998

3(a)(3) Chaparral Bancshares, Inc., Richardson, TX, and

Chaparral Bancshares of Delaware, Dover, DE, to acquire

Van Alstyne Financial Corporation, Van Alstyne, TX, and

The First State Bank of Van Alstyne, Van Alstyne, TX*

(Previously reported the week ending October 3, 1998)

Fed Reg – 10/31/1998

Newspaper – 10/30/1998

* 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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, October 10, 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) Columbia Bancorp, The Dalles, Oregon, to acquire Valley

Community Bancorp and its wholly-owned subsidiary, Valley

Community Bank, both of McMinnville, Oregon. *

Newspaper – N/Avail

Fed Reg – 11/06/1998

3(a)(1) Bay View Capital Corporation, San Mateo, California, to

become a bank holding company by acquiring Bay View Bank,

N.A., San Mateo, California. *

Newspaper – 11/08/1998

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Banque Nationale de Paris, Paris, France, to engage in certain

nonbanking activities through BNP Capital Markets, LLC, New

York, New York (a proposed Section 20 subsidiary).

Fed Reg – 10/28/1998

4(c)(8) Bay View Capital Corporation, San Mateo, California, to: 1)

engage in check processing activities through the retention of

Regent Financial Corporation, San Mateo, California; and 2)

engage in providing financing to small and middle market

companies through the retention of Bay Commercial Finance

Group, San Mateo, California.

Fed Reg – N/Avail
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Member The Sun City Bank, Sun City, Arizona, to voluntarily withdraw

from 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.

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None