Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 28

Week Ending July 10, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions July 4, 1999 to July 10, 1999

Board Operations

Budget Objective -- for 2000 and 2001.

- Approved, July 7, 1999 

Legislation

Reports to Congress -- letter to Congress concerning continuation of certain reports 

required by statute.

- Approved, June 22, 1999 (AC)

Enforcement

Barclays Bank PLC, London, England -- issuance of a combined order to cease and 

desist and order of assessment of a civil money penalty against John Riesmeyer, a 

former institution-affiliated party of the New York branch of Barclays Bank.

- Announced, July 7, 1999 

(AC) = Addition or Correction Board - Page 1 of 1
July 4, 1999 to July 10, 1999

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

AmSouth Bank of Birmingham, Birmingham, Alabama -- to establish a branch at 125 

Wekiva Springs Road, Longwood, Florida.

- Approved, July 7, 1999 

Secretary

Citizens Trust Bank, Atlanta, Georgia -- to establish a branch at 6055 Old National 

Highway, College Park.

- Approved, July 7, 1999 

Atlanta

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish 

branches at 151 North Main Street, New City; Newton Plaza II, 595 New Loudon 

Road, Colonie; and Route 59 & Hemion Road, Montebello.

- Approved, July 8, 1999 

New York

Pacific Mercantile Bank, Newport Beach, California -- to establish a branch at 501 El 

Camino Real, San Clemente.

- Approved, July 8, 1999 

San Francisco

Republic Security Bank, West Palm Beach, Florida -- to establish branches at 2553 

East Silver Spring Boulevard, Ocala, and 3930 S.W. Archer Road, Gainesville.

- Approved, July 9, 1999 

Atlanta

Sterling Bank, Mount Laurel, New Jersey -- to establish a branch at 122 Jackson 

Road, Burlington.

- Approved, July 7, 1999 

Philadelphia

Summit Bank, Hackensack, New Jersey -- to establish a branch at Princeton 

Forrestal, 2000 Windrow Drive, Princeton.

- Approved, July 7, 1999 

New York

(AC) = Addition or Correction Delegated - Page 1 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Bank Holding Companies

Cardinal Financial Corporation, Fairfax, Virginia -- to acquire Cardinal Bank - 

Manassas/Prince William, N.A., Manassas, and Cardinal Bank - Dulles, N.A., Reston.

- Approved, July 9, 1999 

Richmond

Citigroup, New York, New York -- determination that Citigroup and its subsidiaries 

had established satisfactory policies and procedures in conformance with the Board's 

requirements, and that Salomon Smith Barney, Inc., and its subsidiary, The Robinson 

Humphrey Company, LLC, may continue underwriting and dealing in debt and 

equity securities subject to the conditions of the Board's approval order.

- Granted, July 1, 1999 (AC)

Director, BS&R

Coconut Grove Bankshares, Inc., Coconut Grove, Florida -- to become a bank 

holding company through the acquisition of Coconut Grove Bank.

- Approved, July 8, 1999 

Atlanta

Community First Bankshares, Inc., Fargo, North Dakota -- to acquire Valley 

National Corporation, El Cajon, California, and thereby acquire Valle de Oro Bank, 

National Association, Spring Valley.

- Approved, July 9, 1999 

Minneapolis

Farmers State Corporation, Mankato, Minnesota -- to acquire Southwest State 

Agency, Springfield, and engage in insurance activities in an area with a population 

of less than 5,000.

- Approved, July 9, 1999 

Minneapolis

Gateway Bancshares, Inc., Ringgold, Georgia. -- modification of a commitment.

- Approved, July 6, 1999 

Atlanta

HCNB Bancorp, Inc., Rockville, Maryland -- to become a bank holding company 

through the acquisition of Harbor Capital National Bank, a de novo bank.

- Approved, July 8, 1999 

Richmond

(AC) = Addition or Correction Delegated - Page 2 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Bank Holding Companies

James River Bankshares, Inc., Suffolk, Virginia, and JRB Acquisition Bank, Inc. -- 

for James River Bankshares to acquire State Bank of Remington, Inc., Remington, 

and for JRB Acquisition Bank, Inc., an interim bank, to merge with State Bank of 

Remington, establish branches, and become a member of the Federal Reserve System.

- Approved, July 7, 1999 

Richmond

Keystone Financial Corporation, Kalamazoo, Michigan -- to become a bank holding 

company through the acquisition of Keystone Community Bank.

- Approved, July 9, 1999 

Chicago

Murfeesboro Bancorp, Murfeesboro, Tennessee -- modification of a commitment.

- Approved, July 8, 1999 

Atlanta

SouthTrust Corporation, Birmingham, Alabama -- request for a waiver of 

application in connection with the proposed merger with First of Groves 

Corporation, Groves, Texas, and acquisition of First Bank and Trust.

- Approved, July 9, 1999 

Atlanta

Texas United Bancshares, Inc., La Grange, Texas -- to acquire First State Bank, 

Dime Box.

- Approved, July 8, 1999 

Dallas

Tonti Financial Corporation, Columbus, Ohio -- to acquire Greater Ohio River 

Corporation, Marietta.

- Approved, July 8, 1999 

Cleveland

Union Bankshares, Inc., Morrisville, Vermont -- to acquire Citizens Savings Bank & 

Trust, St. Johnsbury.

- Approved, July 9, 1999 

Boston

(AC) = Addition or Correction Delegated - Page 3 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Banks, State Member

Arizona Bank, Tucson, Arizona -- to exercise full fiduciary trust powers.

- Approved, July 1, 1999 (AC)

Secretary

Western Security Bank, Scottsdale, Arizona -- payment of a dividend.

- Approved, June 17, 1999 (AC)

San Francisco

Capital Stock

Lindell Bank & Trust Company, St. Louis, Missouri -- to reduce capital stock.

- Approved, July 9, 1999 

St. Louis

Change In Bank Control

Citizens National Bancorp, Athens, Tennessee -- change in bank control.

- Permitted, July 6, 1999 

Atlanta

Columbia Bank, Tampa, Florida -- change in bank control.

- Permitted, July 6, 1999 

Atlanta

McVille Financial Services, Inc., McVille, North Dakota -- change in bank control.

- Permitted, July 9, 1999 

Minneapolis

Stockmens Financial Corporation, Rushville, Nebraska -- change in bank control.

- Permitted, July 6, 1999 

Kansas City

Competitive Factors Reports

Alpine Savings Bank, Highland, Illinois -- report on competitive factors of the 

proposed merger with First Collinsville Bank, Collinsville.

- Submitted, July 8, 1999 

St. Louis

(AC) = Addition or Correction Delegated - Page 4 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Competitive Factors Reports

Bank of Elkins, Elkins, Arkansas -- report on competitive factors of the proposed 

merger with Community Bank, FSB, Fayetteville.

- Submitted, July 9, 1999 

St. Louis

Charter Federal Savings and Loan Association, West Point, Georgia -- report on 

competitive factors of the proposed merger with Citizens National Bank, Valley, 

Alabama.

- Submitted, July 7, 1999 

Atlanta

Citizens Bank of Massachusetts, Boston, Massachusetts -- report on competitive 

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

of four branches of State Street Bank and Trust Company.

- Submitted, July 1, 1999 (AC)

Boston

Crown American Bank, Inglewood, California -- report on competitive factors of the 

proposed merger with Imperial Bank.

- Submitted, July 9, 1999 

San Francisco

Dime Savings Bank of New York, New York, New York -- report on competitive 

factors of the proposed purchase of the assets and assumption of the liabilities of 28 

New York branches of KeyBank National Association, Cleveland, Ohio.

- Submitted, July 7, 1999 

New York

First Bank & Trust, Newport Beach, California -- report on competitive factors of 

the proposed purchase of the assets and assumption of the liabilities of the Malibu 

branch of Brentwood Bank of California, Los Angeles.

- Submitted, July 8, 1999 

St. Louis

FirstCapital Bank, SSB, Victoria, Texas -- report on competitive factors of the 

proposed acquisition of 22 branches of Pacific Southwest Bank, Corpus Christi.

- Submitted, July 7, 1999 

Dallas

(AC) = Addition or Correction Delegated - Page 5 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Competitive Factors Reports

Hudson River Bank & Trust Company, Hudson, New York -- report on competitive 

factors of the proposed acquisition of Schenectady Federal Savings Bank, 

Schenectady.

- Submitted, July 1, 1999 (AC)

New York

Merrill Lynch Bank USA, Salt Lake City, Utah -- report on competitive factors of 

the proposed acquisition of the 800 Scudders Mill Road branch of Merrill Lynch 

Bank & Trust Co., Plainsboro, New Jersey.

- Submitted, July 8, 1999 

San Francisco

Orange National Bank, Orange, California -- report on competitive factors of the 

proposed merger with Citizens Business Bank, Ontario.

- Submitted, July 9, 1999 

San Francisco

Peoples State Bank, East Berlin, Pennsylvania -- report on competitive factors of the 

proposed purchase of the assets and assumption of the liabilities of Sovereign Bank, 

Gettysburg.

- Submitted, July 8, 1999 

Philadelphia

Thomaston Federal Savings Bank, Thomaston, Georgia -- report on competitive 

factors of the proposed merger with FFC Federal Savings Bank, LaGrange.

- Submitted, July 7, 1999 

Atlanta

Extensions Of Time

AmSouth Bank, Birmingham, Alabama -- extension to July 8, 2000, to divest the 

stock of National Properties & Mining Company, Inc.

- Granted, July 8, 1999 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 6 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Extensions Of Time

Bay Port Financial Corporation, Bay Port, Michigan -- extension to September 22, 

1999, to become a bank holding company through the acquisition of Bay Port State 

Bank.

- Granted, July 8, 1999 

Chicago

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

acquire the Bank of Mason, Mason.

- Granted, July 7, 1999 

Atlanta

First Citizens Bancorporation of South Carolina, Inc., Columbia, South Carolina -- 

extension to October 15, 1999, to acquire The Exchange Bank of South Carolina, 

Kingstree.

- Granted, July 9, 1999 

Richmond

Legacy Bancorp, Inc., Milwaukee, Wisconsin -- extension to October 9, 1999, to 

become a bank holding company through the acquisition of Legacy Bank, a de novo 

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

- Granted, July 8, 1999 

Chicago

International Operations

Bank One International Corporation, Dallas, Texas -- establishment of a branch in 

Laredo.

- Approved, July 9, 1999 

Secretary

BankAmerica International Investment Corporation, Chicago, Illinois -- request for a 

waiver of remaining notification period to invest in Structured Intelligence, LLC, a 

Delaware company.

- Granted, July 7, 1999 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 7 of 8
H.2 Actions under delegated authority July 4, 1999 to July 10, 1999

Membership

Bank of Little Rock, Little Rock, Arkansas -- membership in the Federal Reserve 

System.

- Approved, July 9, 1999 

St. Louis

First Arvest Bank, Siloam Springs, Arkansas -- membership in the Federal Reserve 

System.

- Approved, July 8, 1999 

St. Louis

Regulations And Policies

Short-term interest rates -- increase in federal funds rate.

- Approved, June 30, 1999 (AC)

FOMC

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, July 10, 1999

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 Ipswich Bancshares, Inc., Ipswich, Massachusetts ( Ipswich) – by

David L. Grey, to acquire up to 20% of the voting shares

Fed Reg – 07/22/1999

Newspaper – N/Avail

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, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Moscow Narodny Bank, London, England, to establish a

representative office in New York, New York.

Newspaper – N/Avail

Branch The Chase Manhattan Bank, New York, New York, to establish

a branch office located at Store G, Lincoln Plaza Shopping Mall,

875 Route 17 South, Ramsey, New Jersey .*

Newspaper – 07/26/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) Rome, M.H.C. and Rome Bancorp, Inc., both of Rome, New

York, to become bank holding companies with respect to The

Rome Savings Bank, Rome, New York.*

Newspaper – N/Avail

Fed Reg – 07/26/1999

4(c)(8) Doral Financial Corporation, San Juan, Puerto Rico, to acquire

Doral Bank, FSB, New York, New York, a federally chartered

savings bank in organization.*

Newspaper – 07/22/1999

Fed Reg – 07/30/1999

* 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) National Westminster Bank Plc, London, England, to engage de

novo in underwriting and dealing to a limited extent in all types

of debt securities through its subsidiary, Greenwich Capital

Markets, Inc., Greenwich, Connecticut.

Fed Reg – 07/20/1999
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) U.S. Trust Corporation, New York, New York, to acquire NCT

Holdings, Inc., Greensboro, North Carolina (“NCT”) and

thereby: (i) acquire control of NCT’s wholly-owned subsidiary,

North Carolina Trust Company, a non-depository banking

corporation; and (ii) NCT Opportunities, Inc., Greensboro,

North Carolina, which serves as the general partner to NCT

Opportunities Equity Partners Limited Partnership.

Fed Reg – N/Avail

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First Heritage Bank, to establish a branch office at RD #1 Box

203L, Hazleton Beltway, Luzerne County, Hazleton, PA

07/26/1999

18(c) Main Street Bank of New Jersey, Lambertville, NJ, to merge

with and into Main Street Bank, Reading, PA.

07/23/1999

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, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Received notice from Chippewa Valley Bank, Rittman, OH on

07/06/1999, of its intent to establish a branch at 420 Beverly

Road, S.E., Canal Fulton, OH.

07/11/1999

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

Type Application

Ending date of

comment period

4(c)(8) Received notice from Charter One Financial, Inc., Clevelnd, OH

on 07/06/1999 of its intent to acquire St. Paul Bancorp, Inc.,

Chicago, IL and engage in permissible nonbanking activities.

Fed. Reg. – 07/28/1999

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) Received notice from Mellon Bank Corporation, Pittsburgh, PA

on 07/06/1999, of its intent to participate in a limited purpose

joint venture (Mid Ohio Tube, LLC) through Mellon Financial

Services Corporation #4, along with Transamerica Equipment

Financial Services Corporation and C.I.T. Leasing Corporation,

and engage in leasing 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

2347044 Ohio Heritage Bank, Coshocton, OH 05/17/1999 07/12/1999 S X

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, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) First Union Corporation, Charlotte, North Carolina, to acquire

EVEREN Capital Corporation, Chicago, Illinois.

Fed Reg – N/Avail

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

2684132 James Monroe Bank

3033 Wilson Boulevard

Arlington, Virginia 22201

05/03/1999 07/10/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, July 10, 1999

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 Alliance Bancshares, Inc., Orlando, Florida, Prior notification by

Mr. James M. Seneff, Jr.; Mr. Robert A. Bourne; Mr. Phillip M.

Anderson, Jr.; Mr. James W. Kersey; Ms. Miriam S. Kersey; Mr.

Edgar J. McDougall; Mr. Curtis B. McWilliams; Ms. Kelley P.

Mossburg; Mr. Jack L. Parker; Ms. Lynn E. Rose; Mr. Michael

T. Shepardson; Mr. John T. Walker; Ms. Beverly S. Walker; and

Ms. Jean A. Wall; to collectively acquire 28.9 percent of the

outstanding shares of Alliance Bancshares, Inc., and its sole

subsidiary, Alliance Bank, both of Orlando, Florida.

 N/Avail

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Civitas Bank

St. Joseph, Michigan

 five branch offices of

 First Indiana Bank, FSB

 Indianapolis, Indiana

Newspaper – 06/23/1999

Branch Mercantile Bank Midwest

Des Moines, Iowa

 Clay County Fair

 Spencer, Iowa

Newspaper – 08/01/1999

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

Type Application

Ending date of

comment period

4(c)(8) Northwest Financial Corporation

Spencer, Iowa

 Gateway Savings Bank (in organization)

 Ankeny, Iowa

Fed Reg – 04/07/1999

Newspaper – 07/07/1999

CIC Freedom Holdings L. C.

West Des Moines, Iowa

 By David Hill

Fed Reg – 07/14/1999

Newspaper – 07/15/1999

3(a)(3) Fidelity Company*

Dyersville, Iowa

 First Postville Bancorporation, Inc.

 Postville, Iowa

 Citizens State Bank

 Postville, Iowa

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) American Heartland Bancshares, Inc.*

Sugar Grove, Illinois

 American Heartland Bank and Trust (in organization)

 Sugar Grove, Illinois

Fed Reg – 07/30/1999

Newspaper – 07/26/1999

* 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) Old Kent Financial Corporation

Grand Rapids, Michigan

 engage de novo through Old Kent Securities Corporation,

 Grand Rapids, Michigan, in certain financial advisory and

 securities-related activities

Fed Reg – 07/22/1999

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, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Notice by Effingham State Bank, Effingham, Illinois, to acquire,

through merger, State Bank of Farina, Farina, Illinois.*

7/30/1999

* 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

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

657459 Lemay Bank & Trust Company

Lemay, Missouri

3/8/1999 7/5/1999 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, July 10, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branch First Interstate Bank, Billings, Montana, to merge with Security

State Bank and Trust Company, Polson, Montana, and incident

thereto establish three branches.

N/Avail.

18(c) & Branch Glacier Bank, Kalispell, Montana, to purchase certain assets and

assume certain liabilities of two Butte, Montana branches of

Washington Mutual Bank, fsb, Salt Lake City, Utah, and

incident thereto establish branches.

07/30/1999

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

Type Application

Ending date of

comment period

3(a)(1) Great Northern Corporation, St. Michael, Minnesota, for prior

approval to become a bank holding company through the

acquisition of 100% of the voting shares of Great Northern

Bank, St. Michael, Minnesota.

Fed Reg - 08/09/1999

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

157650 Crow River State Bank

Delano, Minnesota

04/05/1999 07/09/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, July 10, 1999

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

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

percent of the voting shares of Regional Holding Company, Inc.,

Kansas City, Missouri, and thereby engage in mortgage lending

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

430157 First State Bank of Fort Collins

Fort Collins, Colorado

04/19/1999 07/05/1999 S X

701950 Kearney Commercial Bank

Kearney, Missouri

05/03/1999 07/08/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, July 10, 1999

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) Inwood Bancshares, Inc., Dallas, TX, and

Inwood Delaware, Inc., Dover, DE, to acquire

Provident Bank, Dallas, TX*

Fed Reg – 08/09/1999

Newspaper – N/Avail

3(a)(5) Prosperity Bancshares, Inc., Houston, TX, to acquire

South Texas Bancshares, Inc., Beeville, TX, and

CNB Delaware Company, Dover, DE, and

The Commercial National Bank of Beeville, Beeville, TX*

Fed Reg – N/Avail

Newspaper – 08/02/1999

*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

Member Bank of Commerce, McLean, TX, 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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, July 10, 1999

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

4(c)(8) Post consummation notice by American River Holdings,

Sacramento, California, to engage de novo in leasing activities

through First Source Capital, Sacramento, California.

4(c)(8) Wells Fargo & Company, San Francisco, California, and

Norwest Services, Inc., Minneapolis, Minnesota, to acquire 15

percent of the voting stock of Just In Time Solutions, Inc., San

Francisco, California.
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

4(c)(8) Wells Fargo & Company, San Francisco, California, and

Norwest Insurance, Inc., Minneapolis, Minnesota, to acquire S.

B. Insurance Agency, Inc, Marshall, Minnesota.

3(a)(5)(C) Lewiston Bancorp to acquire Lewiston State Bank, both of

Lewiston, Utah.

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