Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 31 

Week Ending August 4, 2001 

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

H.2 Board Actions July 29, 2001 to August 4, 2001 

Testimony And Statements 

Securities activities of banks -- statement by Governor Meyer before the 

Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee 

on Capital Markets, Insurance and Government Sponsored Enterprises, both 

subcommittees of the House Committee on Financial Services, on the interim final 

rules issued by the Securities and Exchange Commission to implement the bank 

securities provisions of the Gramm-Leach-Bliley Act. 

- Published, August 2, 2001 

Bank Holding Companies 

Citigroup Inc. and Citicorp, New York, New York, and Citigroup Holdings 

Company, Wilmington, Delaware -- commenter's request for reconsideration of the 

Board's approval of the application to acquire European American Bank, Uniondale, 

New York. 

- Denied, July 31, 2001 

Board Operations 

Division of Reserve Bank Operations and Payment Systems -- promotion of Jeffrey 

Marquardt from Assistant Director to Associate Director. 

- Approved, July 30, 2001 

Regulations And Policies 

Electronic Disclosures to Consumers -- to lift the October 1, 2001, mandatory 

compliance date for interim rules on electronic delivery of consumer disclosures 

under Regulations B (Equal Credit Opportunity), E (Electronic Funds Transfers), M 

(Consumer Leasing); Z (Truth in Lending), and DD (Truth in Savings). 

- Approved, August 1, 2001 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

Bank Branches, Domestic

Atlanta 

Admiralty Bank, Palm Beach Gardens, Florida -- to establish a branch at 300 West 

Broward Boulevard, Fort Lauderdale. 

- Approved, August 1, 2001 

Secretary 

Dakota Western Bank, Bowman, North Dakota -- to establish a branch at 13 North 

Main Street. 

- Approved, August 3, 2001 

San Francisco 

Sunstate Bank, Casa Grande, Arizona -- to establish a branch at 4451 S. White 

Mountain Road, Show Low. 

- Approved, August 2, 2001 

Bank Holding Companies

San Francisco 

Centennial First Financial Services, Redlands, California -- to acquire Palomar 

Community Bank, Escondido. 

- Approved, July 31, 2001 

Secretary 

Central Alabama Bancshares, Inc., Wetumpka, Alabama -- to become a bank holding 

company through the acquisition of First Community Bank of Central Alabama; and 

for bank to become a member of the Federal Reserve System. 

- Approved, August 2, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 7 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

Bank Holding Companies

Dallas 

Dallas 

JSA Family Limited Partnership, Jacksonville, Texas -- to become a bank holding 

company through the acquisition of Austin Bancorp, Inc. and Austin Bank, Texas, 

National Association, both in Jacksonville; Capital Bancorp, Inc. and Capital Bank, 

both in Jacinto City; Frankston Bancorp, Inc., and First State Bank, both in 

Frankston; First State Bank, Athens; TEB, Inc., Shreveport, Louisiana; JACI, Inc., 

Wilmington, Delaware; and FDB, Inc., Dover. 

- Approved, August 1, 2001 

Live Oak Financial Corp, Dallas, Texas, and Live Oak Delaware Financial Corp, 

Wilmington, Delaware -- for Live Oak Delaware Financial Corp to become a bank 

holding company through the acquisition of Live Oak State Bank, Dallas, Texas, a de 

novo bank; and for Live Oak Financial Corp to become a bank holding company 

through the acquisition of both institutions. 

- Approved, August 2, 2001 

Richmond 

Maryland Bankcorp, Inc., Lexington Park, Maryland -- to become a bank holding 

company through the acquisition of Maryland Bank and Trust Company, N.A. 

- Approved, August 2, 2001 

San Francisco 

Montecito Bancorp, Santa Barbara, California -- request for waiver in connection 

with the merger of Montecito Bank & Trust and Valley Oaks National Bank, 

Solvang. 

- Granted, July 30, 2001 

Atlanta 

Newnan Coweta Bancshares, Inc., Newnan, Georgia -- to become a bank holding 

company through the acquisition of Newnan Coweta Bank. 

- Approved, August 2, 2001 

St. Louis 

Peoples Home Holding, Inc., Greenbrier, Arkansas -- to become a bank holding 

company through the acquisition of The Peoples Bank, Portland. 

- Approved, August 3, 2001 

(AC) = Addition or Correction Delegated - Page 2 of 7 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

Bank Holding Companies

Chicago 

Speer Bancshares, Inc., Speer, Illinois -- to become a bank holding company through 

the acquisition of State Bank of Speer. 

- Approved, August 3, 2001 

Richmond 

TransCommunity Bankshares, Inc., Powhatan, Virginia -- to become a bank holding 

company through the acquisition of Bank of Powhatan, N.A. 

- Approved, August 3, 2001 

Minneapolis 

West End Financial Corp., Bessemer, Michigan -- to become a bank holding 

company through the acquisition of Gogebic Range Bank. 

- Approved, August 3, 2001 

Banks, Nonmember, And Miscellaneous Institutions

Kansas City 

Farm Credit Services of the Mountain Plains, PCA, Greeley, Colorado, and Farm 

Credit Services of the Mountain Plains, FLCA -- deregistration under Regulation U. 

- Approved, July 27, 2001 (AC) 

Change In Bank Control

Kansas City 

First Altus Bancorp, Inc., Altus, Oklahoma -- change in bank control. 

- Permitted, August 3, 2001 

Kansas City 

First Bancorp of Durango, Inc., Durango, Colorado -- change in bank control. 

- Permitted, July 30, 2001 

San Francisco 

NWI Financial Corporation, Seattle, Washington, and Northwest International 

Bank -- change in bank control. 

- Permitted, August 3, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 7 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

Competitive Factors Reports

San Francisco 

BAC Merger Sub, Stockton, California -- report on competitive factors of the 

proposed merger with Bank of Agriculture and Commerce. 

- Submitted, August 1, 2001 

San Francisco 

Bank of Lakewood, Lakewood, California -- report on competitive factors of the 

proposed merger with BOL Merger Corp, a Delaware subsidiary of Gateway 

Bancorp, Santa Ana, and the subsequent merger of Mission Hills Mortgage 

Corporation and Bank of Lakewood. 

- Submitted, July 26, 2001 (AC) 

Dallas 

Citizens National Bank, Henderson, Texas -- report on competitive factors of the 

proposed merger with Peoples State Bank. 

- Submitted, August 3, 2001 

Minneapolis 

Citizens State Bank, Grafton, North Dakota -- report on competitive factors of the 

proposed merger with Walhalla State Bank, Walhalla; First State Bank of Langdon, 

Langdon; and First Capital Bank of North Dakota, West Fargo. 

- Submitted, July 31, 2001 

Chicago 

Citizens State Bank, Monticello, Iowa -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of Peoples State Bank, 

Manchester. 

- Submitted, July 31, 2001 

Atlanta 

Farmers-Merchants Bank & Trust Company, Breaux Bridge, Louisiana -- report on 

competitive factors of the proposed merger with Farmers-Merchants Interim Bank & 

Trust Company. 

- Submitted, July 30, 2001 

(AC) = Addition or Correction Delegated - Page 4 of 7 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

Competitive Factors Reports

San Francisco 

First Charter Bank, N.A., Beverly Hills, California -- report on competitive factors of 

the proposed merger with First Professional Bank, N.A., Santa Monica. 

- Submitted, August 1, 2001 

Secretary 

First Hawaiian Bank, Honolulu, Hawaii -- report on competitive factors of the 

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

and Saipan branches of Union Bank of California, National Association, San 

Francisco, California. 

- Submitted, August 3, 2001 

Dallas 

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

proposed merger with Nueces National Bank, Corpus Christi. 

- Submitted, August 3, 2001 

Dallas 

South Texas National Bank of Laredo, Laredo, Texas -- report on competitive 

factors of the proposed merger with Del Rio National Bank, Del Rio. 

- Submitted, August 2, 2001 

Currency

Director, RBOPS 

Federal Reserve Notes -- letter confirming request for printing of notes during the 

fiscal year ending September 30, 2002. 

- Approved, July 31, 2001 

Extensions Of Time

Chicago 

AmericaUnited Bancorp, Inc., Schaumburg, Illinois -- extension to November 4, 

2001, to acquire National Bancorp, Inc., Sycamore, and American National Bank of 

DeKalb County. 

- Granted, July 30, 2001 

(AC) = Addition or Correction Delegated - Page 5 of 7 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

Extensions Of Time

Director, BS&R 

Commerzbank AG, Frankfurt am Main, Germany -- extension to July 27, 2002, to 

conform grandfathered securities activities of Commerzbank Capital Markets 

Corporation, New York, New York, to requirements of the Bank Holding Company 

Act. 

- Granted, July 27, 2001 (AC) 

Chicago 

Iowa State Bank Holding Company, Des Moines, Iowa -- extension to February 15, 

2002, to engage de novo through its subsidiary, Capitol Partners, LC, in community 

development activities. 

- Granted, August 2, 2001 

Atlanta 

The Bank, Warrior, Alabama -- extension to August 3, 2002, to establish branches at 

the intersections of County Highways 30A and 393, Santa Rosa, Florida; Jinks 

Avenue and 19th Street, Panama City; and US Highway 98 and Henderson Beach 

Boulevard, Destin. 

- Granted, August 1, 2001 

Kansas City 

United Nebraska Financial Company, Grand Island, Nebraska -- extension to August 

15, 2001, to acquire Desert Valley National Bank, Cave Creek, Arizona. 

- Granted, August 1, 2001 

Financial Holding Companies

Chicago 

Bank One Corporation, Chicago, Illinois -- election to become a financial holding 

company. 

- Effective, August 3, 2001 

Richmond 

CN Bancorp, Inc., Glen Burnie, Maryland -- election to become a financial holding 

company. 

- Effective, August 3, 2001 

(AC) = Addition or Correction Delegated - Page 6 of 7 
H.2 Actions under delegated authority July 29, 2001 to August 4, 2001 

Financial Holding Companies

Cleveland 

Futura Banc Corp., Urbana, Ohio -- election to become a financial holding company. 

- Effective, August 3, 2001 

Minneapolis 

Klein Financial, Inc., Chaska, Minnesota -- election to become a financial holding 

company. 

- Effective, August 2, 2001 

International Operations

Atlanta 

Colonial Bank, Montgomery, Alabama -- to establish a foreign branch in the Cayman 

Islands. 

- Approved, August 1, 2001 

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3)/3(a)(5)/ Banknorth Group, Inc., Portland, Maine - application to merge Newspaper - N/Avail 

4(c)(8) with Andover Bancorp, Inc., Andover, Massachusetts and Fed Reg - N/Avail 

thereby acquire its banking subsidiaries. Banknorth has also 

filed a notification to acquire 15% of Gloucester Investment 

Corp. in connection with the proposed merger 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Representative 

Office 

Banca Comerciala Romana S.A., Bucharest, Romania, to 

establish a representative office in New York, New York.* 

Newspaper – N/Avail 

Branch NCF Bank Plc (formerly known as Nordea Companies Finland 

(NCF) Plc formerly known as MeritaNordbanken Plc), to 

establish a state-licensed branch at 437 Madison Avenue, New 

York, New York.* 

Newspaper – N/Avail 

Branch HSBC Bank USA, Buffalo, New York, to open and occupy 

a mini branch office in the Jefferson Ferry Active 

Retirement Center, located at One Jefferson Drive, South 

Setauket, County of Suffolk, New York.* 

Newspaper – 08/10/2001 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

Mr. Young In Chung, Warren, New Jersey, to acquire greater 

than 15 percent of outstanding shares of BNB Financial Services 

Corporation, New York, New York.* 

Newspaper – N/Avail 

Fed Reg – N/Avail 

3(a)(3) Citigroup Holding Company, Wilmington, Delaware, Citigroup 

Inc. and Citicorp, both of New York, New York, to acquire all 

of the outstanding shares of Hurley State Bank, Sioux Falls, 

South Dakota * 

Newspaper – N/Avail 

Fed Reg – 09/04/2001 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

S/R Received notice from Mountain Bancorp, Inc., West Liberty, 

KY on 07/30/2001 of its intent to redeem 30 shares or 0.63 

percent of its outstanding voting shares. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Capital One Bank, Glen Allen, Virginia, to merge with Capital Newspaper – 8/25/2001 

One, F.S.B., Falls Church, Virginia. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Prior notification filed by Mr. Murphy O’Banion to acquire in 

the aggregate up to 11.80 percent of the outstanding shares of 

Vernon Bancshares, Inc., and its subsidiary, The Vernon Bank, 

both of Leesville, Louisiana. 

3(a)(1) The 2000 Williams Investment Company, LLC, Atlanta, 

Georgia, to become a bank holding company by acquiring 82.8 

percent of the outstanding shares of FNB Newton Bankshares, 

Inc., Covington, Georgia. 

3(a)(5) Synovus Financial Corp., Columbus, Georgia, to merge with 

FABP Bancshares, Inc., Pensacola, Florida, and thereby directly 

acquire First American Bank of Pensacola, N.A., Pensacola, 

Florida. 

3(a)(1) Trust B Created Under Item V of the Last Will and Testament of 

John Rufus Williams, Atlanta, Georgia, to become a bank 

holding company by acquiring 33.3 percent of the outstanding 

shares of FNB Newton Bankshares, Inc., Covington, Georgia. 

Fed Reg – 6/11/2001 

Newspaper – 7/14/2001* 

Newspaper – 8/26/2001* 

Newspaper –7/14/2001* 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

Member The Park Avenue Bank, Valdosta, Georgia, 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

2845755 Flagler Bank 

1801 Forest Hill Boulevard 

West Palm Beach, Florida 33406 

(561) 432-2122 

2808358 First Florida Bank 

Post Office Box 771449 

Naples, Florida 34108 

(941) 597-8989 

655839 Covington County Bank 

Post Office Box 400 

Andalusia, Alabama 36420 

(334) 222-2561 

4/9/2001 S X 

4/30/2001 8/1/2001 S X 

4/23/2001 8/1/2001 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, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Cedar Rapids Bank and Trust Company, Cedar Rapids, Iowa, 

for prior approval to acquire the Cedar Rapids, Iowa branch 

office of Quad City Bank and Trust Company, Bettendorf, 

Iowa.* 

Branch Elkhart Community Bank, Elhart, Indiana, for prior approval to 

establish a mobile branch or courier service in Elkhart, Indiana.* 

18(c) & First Farmers Bank & Trust Company, Converse, Indiana, for 

Branches prior approval to acquire the Greentown, Logansport, Peru, 

Roann and Wabash offices of Lake City Bank, Warsaw, Indiana 

and thereby to establish branches at 520 W. Main Street, 

Greentown, Indiana, 3910 E. Market Street, Logansport, 

Indiana, 2 N. Broadway, Peru, Indiana, 110 Chippewa Street, 

Roann, Indiana and 1004 N. Cass Street, Wabash, Indiana.* 

Branch Goshen Community Bank, Goshen, Indiana, for prior approval 

to establish a mobile branch or courier service in Goshen, 

Indiana.* 

18(c) & M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior 

Branches approval to merge with National City Bank of Minneapolis, 

Minneapolis, Minnesota and thereby to establish branches at 651 

Nicollet Mall, Minneapolis, Minnesota and 3905 West 69th 

Street, Edina, Minnesota.* 

Newspaper – 8/3/2001 

Newspaper – 7/31/2001 

Newspaper – N/Avail 

Newspaper – 7/31/2001 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) American Community Financial, Inc., Woodstock, Illinois, for Fed Reg – 7/30/2001 

prior approval to become a bank holding company through the Newspaper – 7/22/2001 

acquisition of 100 percent of the voting stock of American 

Community Bank & Trust, Woodstock, Illinois.* 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(1) Bank Iowa Holding Company, Clarinda, Iowa, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Farmers State 

Bank, Schleswig, Iowa.* 

4(c)(8) Chemical Financial Corporation, Midland, Michigan, for prior 

approval to acquire 100 percent of the voting shares of Bank 

West Financial Corporation, Grand Rapids, Michigan and 

thereby indirectly acquire Bank West, Grand Rapids, 

Michigan.* 

3(a)(5) First Financial Corporation, Terre Haute, Indiana, for prior 

approval to acquire 100 percent of the voting shares of 

Community Financial Corp., Olney, Illinois and thereby 

indirectly acquire Community Bank and Trust, N.A., Olney, 

Illinois.* 

3(a)(3) Grant County State Bancshares, Inc. Employees Stock 

Ownership Plan, Swayzee, Indiana, for prior approval to acquire 

an additional 1,300 shares (1.97 percent), for total ownership of 

21,113 sharres (31.99 percent) of the voting shares of Grant 

County State Bancshares, Inc., Swayzee, Indiana and thereby 

indirectly acquire Grant County State Bank, Swayzee, Indiana.* 

4(c)(8) Hasten Bancshares, Indianapolis, Indiana, for prior approval to 

acquire 100 percent of the outstanding common stock of 

Harrington Financial Group, Inc., Overland Park, Kansas, and 

thereby indirectly acquire Harrington Bank, FSB, Richmond, 

Indiana and to acquire 19.9 percent of the outstanding common 

stock of Harrington Financial Group, Inc., Overland Park, 

Kansas, and thereby indirectly acquire Harrington Bank, FSB, 

Richmond, Indiana.* 

3(a)(3) Kerndt Bank Services, Inc., Lansing, Iowa, for prior approval to 

acquire 100 percent of the voting shraes of Westmont 

Corporation, West Union, Iowa, and thereby indirectly acquire 

Farmers Savings Bank, West Union, Iowa.* 

3(a)(1) MB-MidCity, Inc., Chicago, Illinois, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of MB Financial, Inc., Chicago, 

Illinois and Manufacturers National Corporation, Chicago, 

Illinois and thereby indirectly acquire Manufacturers Bank, 

Chicago, Illlinois; 100 percent of the voting shares of MidCity 

Financial Corporation, Chicago, Illinois and thereby indirectly 

acquire First National Bank of Elmhurst, Elmhurst, Illinois, 

Mid-City National Bank of Chicago, Chicago, Illinois, First 

National Bank of Morton Grove, Morton Grove, Illinois and 

Union Bank and Trust Company, Oklahoma City, Oklahoma 

and 100 percent of the voting shares of Abrams Centre 

Bancshares, Inc., Dallas, Texas and thereby indirectly acquire 

Abrams Centre National Bank, Dallas, Texas.* 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – 8/17/2001 

Newspaper – N/Avail 

Fed Reg – 8/10/2001 

Newspaper – 8/02/2001 

Fed Reg – 8/24/2001 

Newspaper – 8/13/2001 

Fed Reg – 8/01/2001 

Newspaper – 7/31/2001 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – 8/10/2001 

Newspaper – 8/11/2001 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(3) Oswego Community Bank Employee Stock Ownership Plan, 

Oswego, Illinois, for prior approval to acquire up to 47 percent 

of the voting shares of Oswego Bancshares, Inc., Oswego, 

Illinois and thereby indirectly acquire Oswego Community 

Bank, Oswego, Illinois.* 

3(a)(3) Panhandle Aviation, Inc., Clarinda, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Bank Iowa Holding 

Company, Clarinda, Iowa, and thereby indirectly acquire 

Farmers State Bank, Schleswig, Iowa.* 

3(a)(1) Piper Holdings, Inc., Covington, Indiana, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of The Fountain Trust Company, 

Covington, Indiana.* 

3(a)(3) River Valley Bancorp, Inc., Eldridge, Iowa, for prior approval to 

acquire 80.95 percent of the voting shares of Southeast Security 

Bank, Mediapolis, Iowa.* 

Notification by John G. Rosholt, of a Change in Control of 

Rosholt Bancorporation, Inc., Rosholt, Wisconsin. 

3(a)(1) Speer Bancshares, Inc., Speer, Illinois, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of State Bank of Speer, Speer, 

Illinois.* 

Fed Reg – 9/04/2001 

Newspaper – N/Avail 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – 7/30/2001 

Newspaper – 8/10/2001 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 7/20/2001 

Newspaper – 7/20/2001 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Chemical Financial Corporation, Midland, Michigan, for prior 

approval to acquire 100 percent of the voting shares of Sunrise 

Mortgage Company, Grand Rapids, Michigan (a wholly-owned 

subsidiary of Bank West), and thereby to engage in extending 

credit and servicing loans. 

Fed Reg – 8/17/2001 

4(c)(8) MB-MidCity, Inc., Chicago, Illinois, for prior approval to 

acquire 60 percent of the voting shares of Summit MFR Leasing 

LLC, Cincinnati, Ohio and Sentry Lease Equity Pool 2000-1, 

LLC, Salt Lake City, Utah and thereby engage in leasing 

personal or real property. 

Fed Reg – 8/10/2001 

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

Type Application 

4(c)(8) Jones Bancorp, Inc., Marcellus, Michigan, notification of intent 

to engage de novo in brokering real estate mortgage loans for 

third parties. 

4(c)(8) RNB Corporation, Brazil, Indiana, noitification of intent to 

purchase stock in Independent Bankers Life Reinsurance 

Company of Indiana Ltd. and thereby to engage in the reinsuring 

of credit life, accident and health insurance. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Notice by McIlroy Bank & Trust Company, Fayetteville, 

Arkansas (to be renamed Arvest Bank), to merge with Central 

Bank & Trust Company, Little Rock, Arkansas.* 

18(c) Notice by McIlroy Bank & Trust Company, Fayetteville, 

Arkansas (to be renamed Arvest Bank), to merge with 

Springdale Bank & Trust, Springdale, Arkansas.* 

18(c) Notice by McIlroy Bank & Trust Company, Fayetteville, 

Arkansas (to be renamed Arvest Bank), to merge with Farmers 

& Merchants Bank, Prairie Grove, Arkansas.* 

Newspaper – 8/31/2001 

Newspaper – 8/31/2001 

Newspaper – 8/31/2001 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Notice involving Casey County Bancorp, Inc., Liberty, 

Kentucky, by David F. McAnelly, Liberty, Kentucky, to retain 

up to 10.42 percent. (Previously submitted during the week 

ending July 14, 2001). 

Newspaper – 8/14/2001 

Fed Reg – 8/7/2001 

CIC Notice involving Casey County Bancorp, Inc., Liberty, 

Kentucky, by Robert T. Rousey and June Rousey, Liberty, 

Kentucky, as a control group, to retain 13.28 percent. 

(Previously submitted during the week ending July 14, 2001). 

Newspaper – 8/14/2001 

Fed Reg – 8/7/2001 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

§25 FR Act Notice by Union Planters Bank, N.A., Memphis, Tennessee, to 

(Offshore Branch) establish a limited purpose offshore branch in the Cayman 

Islands. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) West 12 Bancorporation, Inc., Danvers, Minnesota, for prior Fed. Reg. – 08/31/2001 

approval to become a bank holding company through the Newspaper – 08/31/2001 

acquisition of 100% of the voting shares of State Bank of 

Danvers, Danvers, Minnesota.* 

* Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

215653 Welcome State Bank 04/23/2001 07/31/2001 S X 

Welcome, Minnesota 

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, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Community Banks of Southern Colorado, Rocky Ford, Newspaper – 07/23/2001 

Colorado, for prior approval to purchase certain assets and 

assume certain liabilities of the First National Bank of 

Walsenburg, Walsenburg, Colorado. 

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

Ending date of 

Type Application comment period 

3(a)(1) First Western Bank Shares, Inc., Huron, South Dakota, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Marquette 

Bank Nebraska, N.A., O’Neill, Nebraska. 

3(a)(1) State Bank of Winfield Employee Stock Ownership Plan, 

Winfield, Kansas, for prior approval to become a bank holding 

company through the acquisition of 32.45 percent of the voting 

shares of State Financial Investments, Inc., Winfield, Kansas. 

3(a)(3) Team Financial, Inc., Employee Stock Ownership Plan, Team 

Financial, Inc., and Team Financial Acquisition Subsidiary, Inc., 

all of Paola, Kansas, for prior approval to acquire 100 percent of 

Post Bancorp, Inc., Colorado Springs, Colorado, and thereby 

indirectly acquire Colorado Springs National Bank, Colorado 

Springs, Colorado. 

Newspaper – N/Available 

Fed Reg – 08/20/2001 

Newspaper – 08/31/2001 

Fed Reg – N/Available 

Newspaper – N/Available 

Fed Reg – 08/01/2001 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

36858 Premier Bank 

15301 W. 87th Street Parkway 

05/07/2001 08/02/2001 S X 

Lenexa, Kansas 66219-1402 

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, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) DNB Bancshares, Inc., Dallas, TX, to acquire DNB Delaware 

Financial Corporation, Inc., Dover, DE, and Dallas National 

Bank, Dallas, TX* 

3(a)(1) DNB Delaware Financial Corporation, Inc., Dover, DE, to 

acquire Dallas National Bank, Dallas, TX* 

CIC Antonio R. Sanchez, Jr., Laredo, TX, only notificant, to acquire 

an interest in International Bancshares Corp., Laredo, TX 

(previously reported the week ending July 21, 2001) 

3(a)(1) BOTH, Inc., Kerrville, TX, to acquire BOTH of Delaware, Inc., 

Wilmington, DE, and Bank of the Hills, N.A., Kerrville, TX* 

3(a)(1) BOTH of Delaware, Inc., Wilmington, DE, to acquire Bank of 

the Hills, N.A., Kerrville, TX* 

CIC Eugene A. Ludwig, Washington, D.C., and Evan G. Galbraith, 

New York, NY, acting as voting trustees, to acquire an interest 

in Laredo National Bancshares, Inc., Laredo, TX 

Fed Reg – 08/31/2001 

Newspaper – 08/26/2001 

Fed Reg – 08/31/2001 

Newspaper – 08/26/2001 

Fed Reg – 08/08/2001 

Newspaper – 08/08/2001 

Fed Reg – 09/04/2001 

Newspaper – N/Avail 

Fed Reg – 09/04/2001 

Newspaper – N/Avail 

Fed Reg – N/Avail 

Newspaper – N/Avail 

*Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

S/R Notice by Rotan Bancshares, Inc., Rotan, TX, to repurchase 

750,000 shares of its preferred stock 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, August 4, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Sunstate Bank, Casa Grande, Arizona, to establish a branch Newspaper – 7/30/2001 

office at 4451 S. White Mountain Road, Show Low, Arizona 

85901, pursuant to section 9 of the Federal Reserve Act. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Member North Valley Bank, Redding, California, 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None