Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 38

Week Ending September 16, 2000

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions September 10, 2000 to September 16, 2000

Testimony And Statements

Auditor Independence Proposal -- statement by Governor Meyer before the 

Securities Exchange Commission, September 13, 2000.

- Published, September 13, 2000 

Regulations And Policies

Securitization Report -- report to the Congress on securitization of small-business 

and commercial real estate loans.

- Approved, September 14, 2000 

(AC) = Addition or Correction Board - Page 1 of 1
September 10, 2000 to September 16, 2000

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

California Center Bank, Los Angeles, California -- to establish branches at 1059 

South San Pedro Street, Los Angeles, and 11812 East South Street, Cerritos.

- Approved, September 12, 2000 

San Francisco

Compass Bank, Birmingham, Alabama -- to establish a branch at 200 Concord Plaza, 

Suite 201, San Antonio, Texas.

- Approved, September 11, 2000 

Secretary

EagleBank, Bethesda, Maryland -- to establish a branch at 2001 K Street, N.W., 

Washington, D. C.

- Approved, September 13, 2000 

Richmond

European American Bank, Uniondale, New York -- to establish a branch at 2401 

Jericho Turnpike, Garden City Park.

- Approved, September 12, 2000 

New York

First Community Bank, Harbor Springs, Michigan -- to establish a branch at 201 

North Main Street, Cheboygan.

- Approved, September 12, 2000 

Chicago

First State Bank of Taos, Taos, New Mexico -- to establish a branch at Eubank 

Boulevard North East and Snowheights Street, Albuquerque.

- Approved, September 15, 2000 

Kansas City

First State Bank of Warner, Warner, South Dakota -- to establish a branch at 3401 

6th Avenue South East, Aberdeen.

- Approved, September 13, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 1 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Bank Branches, Domestic

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 8445 Walbrook Drive, 

Knoxville, Tennessee.

- Approved, September 13, 2000 

Atlanta

Texas Bank, Weatherford, Texas -- to establish a branch at 1600 West Rosedale 

Street, Fort Worth.

- Approved, September 14, 2000 

Dallas

WestStar Bank, Bartlesville, Oklahoma -- to establish a branch at 3751 Newport 

Drive.

- Approved, September 14, 2000 

Kansas City

Bank Holding Companies

Central Valley Community Bancorp, Clovis, California -- to become a bank holding 

company through the acquisition of Clovis Community Bank.

- Approved, September 11, 2000 

San Francisco

Cornerstone Bancorp, Inc., Palatine, Illinois -- to become a bank holding company 

through the acquisition of Cornerstone National Bank & Trust Company, a de novo 

bank.

- Approved, September 14, 2000 

Chicago

Farmers & Merchants Financial Services, Inc., St. Paul, Minnesota -- to acquire 

Minnesota Valley Financial Services, Inc. and thereby acquire Courtland State Bank, 

Courtland.

- Approved, September 13, 2000 

Minneapolis

Inter-Mountain Bancorp., Inc., Bozeman, Montana -- to merge with Westbanco, 

West Yellowstone, and thereby acquire First Security Bank of West Yellowstone.

- Approved, September 14, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 2 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Bank Holding Companies

M&T Bank Corporation, Buffalo, New York, and Olympia Financial Corporation -- 

to merge with Premier National Bancorp, Inc., Lagrangeville, and thereby acquire 

Premier National Bank; and for Manufacturers and Traders Trust Company, Buffalo, 

to merge with Premier National Bank and establish branches at existing locations.

- Approved, September 8, 2000 (AC)

New York

Security Bank, National Association, Garland, Texas -- request for waiver of 

application requirement in connection with its acquisition of The State National Bank 

of Caddo Mills, Caddo Mills.

- Granted, September 8, 2000 (AC)

Dallas

The Shorebank Corporation, Chicago, Illinois -- to establish Shorebank Advisory 

Services Mexico, Leon, Mexico, through a subsidiary and thereby engage in 

providing community development investment advisory services.

- Approved, September 14, 2000 

Chicago

Southern Michigan Bancorp, Inc., Coldwater, Michigan -- to make an investment 

through First Michiana Development Corporation, Holland, and thereby engage in 

community development activities.

- Approved, September 13, 2000 

Chicago

State Street Corporation, Boston, Massachusetts -- request for relief from a 

commitment in connection with the application to acquire Investors Fiduciary Trust 

Company, Kansas City, Missouri.

- Granted, September 12, 2000 

Boston

Bank Mergers

State Street Bank and Trust Company, Boston, Massachusetts -- to merge with 

Investors Fiduciary Trust Company, Kansas City, Missouri, and establish a branch.

- Approved, September 12, 2000 

Boston

(AC) = Addition or Correction Delegated - Page 3 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Banks, Foreign

The Industrial Bank of Japan, Ltd., Tokyo, Japan -- to acquire shares of The Dai-Ichi 

Kangyo Fuji Trust and Banking Company, Ltd. and thereby indirectly acquire shares 

of DKF Trust Company (USA), New York, New York.

- Approved, September 5, 2000 (AC)

New York

Westdeutsche Landesbank Girozentrale, Dusseldoff, Germany -- to acquire Phillips 

Capital Management LLC, Chicago, Illinois.

- Approved, September 11, 2000 

New York

Banks, Nonmember, And Miscellaneous Institutions

FFE Transportation Services, Inc., Dallas, Texas -- deregistration under Regulation 

U.

- Approved, September 15, 2000 

Dallas

Change In Bank Control

American City Bancorp, Inc., Tullahoma, Tennessee -- change in bank control.

- Permitted, September 15, 2000 

Atlanta

Anchor Bancorp, Inc., Wayzata, Minnesota -- change in bank control.

- Permitted, September 11, 2000 

Minneapolis

Rusk County Bancshares, Inc., Henderson, Texas -- change in bank control.

- Withdrawn, September 14, 2000 

Dallas

Competitive Factors Reports

Alliance Bank, New Ulm, Minnesota -- report on competitive factors of the 

proposed merger with Courtland State Bank, Courtland.

- Submitted, September 13, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 4 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Competitive Factors Reports

American State Bank, Lubbock, Texas -- report on competitive factors of the 

proposed acquisition of the Odessa, Texas, branch of The Chase Manhattan Bank, 

New York, New York.

- Submitted, September 14, 2000 

Dallas

Cardinal Bank-Dulles, National Association, Reston, Virginia -- report on 

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

certain liabilities of the Sterling branch of Cardinal Bank-Potomac, McLean.

- Submitted, September 13, 2000 

Richmond

Carolina First Bank, Greenville, South Carolina -- report on competitive factors of 

the proposed merger with First Bank, F.S.B., Travelers Rest, South Carolina.

- Submitted, September 13, 2000 

Richmond

Charter West National Bank, West Point, Nebraska -- report on competitive factors 

of the proposed merger with Charter West National Bank, Pender.

- Submitted, September 13, 2000 

Kansas City

Citizens Bank and Trust Company, Chillicothe, Missouri -- report on competitive 

factors of the proposed merger with Boonslick Bank, Boonville, and First Bank, 

CBC, Maryville.

- Submitted, September 13, 2000 

Kansas City

Emigrant Savings Bank, New York, New York -- report on competitive factors of 

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

branch of Carver Federal Savings Bank. 

- Submitted, September 11, 2000 

New York

(AC) = Addition or Correction Delegated - Page 5 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Competitive Factors Reports

Exchange Bank and Trust Company, Natchitoches, Louisiana -- report on 

competitive factors of the proposed acquisition of branches of First Guaranty Bank, 

Hammond.

- Submitted, September 14, 2000 

Dallas

First Federal Savings Bank, Evansville, Indiana -- report on competitive factors of 

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

branches of Old National Bank.

- Submitted, September 11, 2000 

St. Louis

First National Bank in Blytheville, Blytheville, Arkansas -- report on competitive 

factors of the proposed merger with Merchants and Planters Bank, Manila.

- Submitted, September 11, 2000 

St. Louis

First Woodlands Bank, Homer, Louisiana -- report on competitive factors in 

connection with the proposed merger with First Guaranty Bank, Hammond.

- Submitted, September 12, 2000 

Dallas

Interim First National Bank and Trust Company in Larned, Larned, Kansas -- report 

on competitive factors of the proposed merger with First National Bank and Trust 

Company in Larned.

- Submitted, September 13, 2000 

Kansas City

Litchfield Bancorp, Litchfield, Connecticut -- report on competitive factors of the 

proposed merger with its affiliate, Litchfield Stock Bank, as part of a corporate 

reorganization. 

- Submitted, September 11, 2000 

Boston

(AC) = Addition or Correction Delegated - Page 6 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Competitive Factors Reports

Northwest Community Bank, Winsted, Connecticut -- report on competitive factors 

of the proposed merger with its affiliate, NWC Stock Bank, as part of a corporate 

reorganization. 

- Submitted, September 11, 2000 

Boston

Security Bank, National Association, Garland, Texas -- report on competitive factors 

of the proposed merger with The State National Bank of Caddo Mills, Caddo Mills.

- Submitted, September 11, 2000 

Dallas

Security Dollar Bank, Niles, Ohio -- report on competitive factors of the proposed 

merger with Farmers National Bank, Canfield.

- Submitted, September 11, 2000 

Cleveland

SFSB Interim Bank, Cranford, New Jersey, and Synergy Interim Bank -- report on 

competitive factors of the proposed merger with Synergy Federal Savings Bank.

- Submitted, September 15, 2000 

New York

The Union Bank of Benton, Benton, Arkansas -- report on competitive factors of the 

proposed merger with The Union Bank of Bryant, Bryant.

- Submitted, September 14, 2000 

St. Louis

Extensions Of Time

MCNB Holding Company, Inc., Welch, West Virginia -- extension to December 15, 

2000, to become a bank holding company through the acquisition of McDowell 

County National Bank in Welch.

- Granted, September 13, 2000 

Richmond

New Mexico First Financial, Inc., Las Cruces, New Mexico -- extension to 

December 22, 2000, to acquire Mesilla Valley Bank, a de novo bank.

- Granted, September 13, 2000 

Dallas

(AC) = Addition or Correction Delegated - Page 7 of 8
H.2 Actions under delegated authority September 10, 2000 to September 16, 2000

Financial Holding Companies

The Bancorp.com, Wilmington, Delaware -- election to become a financial holding 

company.

- Withdrawn, September 14, 2000 

Philadelphia

International Operations

Southwest Bank of Texas, N.A., Houston, Texas -- to establish a branch in the 

Cayman Islands.

- Approved, September 15, 2000 

Dallas

Membership

Bank of Petaluma, Petaluma, California -- to become a member of the Federal 

Reserve System.

- Approved, September 12, 2000 

San Francisco

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, September 16, 2000

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, September 16, 2000

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)(a) Urban Financial Group, Inc., Bridgeport, Connecticut, to

become a Bank Holding Company, by acquiring 100 percent of

the voting shares of The Community’s Bank, Bridgeport,

Connecticut.

Newspaper – N/Avail

Fed Reg – N/Avail

3(a)(1)(a) Bank of Cyprus, Nicosia, Cyprus, to become a Bank Holding

Company by acquiring 91.38 percent of Interbank of New York,

New York, New York.

Newspaper – N/Avail

Fed Reg – N/Avail

3(a)(1) Bank Hapoalim B.M., Tel Aviv, Israel, et al, to become bank

holding companies by acquiring 100 percent of the shares of

Signature Bank, New York, New York.

Newspaper – N/Avail

Fed Reg – N/Avail

3(a)(3), 3(a)(5),

4(c)8

First Niagara Financial Group, Inc., and Niagara Bancorp,

MHC, both of Lockport, New York, (i) to acquire direct or

indirect ownership or control of 100 percent of the voting shares

of Cayuga Bank, (ii) for Iroquois to merge with and into First

Niagara Financial Group, Inc., and (iii) for First Niagara

Financial Group, Inc. and Niagara to acquire direct and indirect

ownership or control of the Homestead Savings FA.

Newspaper – N/Avail

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

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, September 16, 2000

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, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Received application on 09/11/2000 from Iron and Glass Bank,

Pittsburgh, PA of its inent to acquire the deposits and certain

assets of the Mt. Pleasant, PA branch of Laurel Bank,

Johnstown, PA.*

09/30/2000

Branch Received notification on 09/11/2000 from Somerset Trust

Company, Somerset, PA of its intent to establish a branch at

7109 Mason Dixon Highway, Somerset, PA.*

09/13/2000

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) The Community Bank, Petersburg, Virginia, to merge with

County Bank of Chesterfield, Midlothian, Virginia.*

Newspaper - N/Avail

18(c) The Community Bank, Petersburg, Virginia, to merge with

Commerce Bank of Virginia, Richmond, Virginia.*

Newspaper - N/Avail

*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)(5) BB&T Corporation, Winston-Salem, North Carolina, to

merge with FCNB Corp., Frederick, Maryland.*

Fed Reg - 10/16/2000

Newspaper - 10/16/2000

*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

S/R Pioneer Community Group, Inc., Iaeger, West Virginia, to

redeem shares of its common 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 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, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 1690 US 1 South, St. Augustine, Florida.

09/16/2000*

Branch Compass Bank, Birmingham, Alabama, to establish a branch

located on Highway A1A, near the intersection of Highway

A1A and Palm Valley Road, Ponte Vedra Beach, Florida, to be

known as the Ponte Vedra Beach Branch.

10/04/2000*

Branch United Bank and Trust Company, St. Petersburg, Florida, to

establish a branch located at 3029 Enterprise Road, Clearwater,

Florida, to be known as the Enterprise Office.

09/15/2000*

Branch First Nation Bank, Covington, Georgia (formerly First Newton

Bank), to establish a branch located at 13015 Brown Bridge

Road, Covington, Georgia.

09/29/2000*

*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) ANB Holdings, Inc., Oakland Park, Florida, to become a bank

holding company by acquiring American National Bank,

Oakland Park, Florida.

Newspaper –

10/16/2000*

3(a)(1) PAB Bankshares, Inc., Valdosta, Georgia, to acquire Baxley

Federal Savings Bank, Baxley, Georgia.

Not yet available*

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

merge with First Ascension Bancorp, Inc., Gonzales, Louisiana,

and thereby directly acquire First National Bank of Gonzales,

Gonzales, Louisiana.

Fed Reg – 10/10/2000*
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)(1) Atlantic National Corporation, Brunswick, Georgia, notice to

become a bank holding company by acquiring Atlantic National

Bank, Brunswick, Georgia.

COM Gateway Bancshares, Inc., Ringgold, Georgia, commitment

waiver request.

WAIVR Britton & Koontz Capital Corporation, Natchez, Mississippi,

application waiver request for the proposed merger with

Louisiana Bancshares, Inc., Baton Rouge, Louisiana, and

indirect acquisition of Louisiana Bank & Trust Company, Baton

Rouge, Louisiana.

WAIVR Cumberland Bancorp, Inc., Nashville, Tennessee, application

waiver request for the proposed formation of Cumberland

Interim Bank, Brentwood, Tennessee, to facilitate the

acquisition through merger of the remaining 46 percent of the

outstanding common stock of Bank of Mason, Mason,

Tennessee.

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.
Section V – Availability of CRA public evaluations

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, September 16, 2000

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) Alpena Banking Corporation, Alpena, Michigan, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of The Bank of

Alpena (in organization), Alpena, Michigan.*

Fed Reg – 10/02/2000

Newspaper – 09/27/2000

3(a)(3) Wintrust Financial Corporation, Lake Forest, Illinois, for prior

approval to acquire 100 percent of the voting shares of

Northbrook Bank & Trust Company (in organization),

Northbrook, Illinois.*

Fed Reg – 10/05/2000

Newspaper – 10/04/2000

3(a)(1) Foster Bankshares, Inc., Chicago, Illinois, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of The Foster Bank, Chicago,

Illinois.*

Fed Reg – 10/06/2000

Newspaper – 10/05/2000

CIC Notification by James G. Fitzgerald, Thomas G. Fitzgerald and

Gerald F. Fitzgerald, Jr., of a Change in Control of Southern

Wisconsin Bancshares Corp., Mineral Point, Wisconsin.

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(3) Ogden Bancshares, Inc., Ogden, Iowa, for prior approval to

acquire 100 percent of Ames Community Bank (in

organization), Ames, Iowa.*

Fed Reg – 10/12/2000

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

S/R Belle Plaine Service Corp., Belle Plaine, Iowa, for prior

approval to redeem up to $3.6 million of common 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 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, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

4(c)(8) Notice by Allegiant Bancorp, Inc., St. Louis, Missouri, to

acquire Equality Bancorp, Inc., St. Louis, Missouri, and thereby

acquire Equality Savings Bank, St. Louis, Missouri. (Previously

submitted during the week ending September 9, 2000)*

Newspaper – 10/9/2000

Fed Reg – 10/13/2000

3(a)(3), 3(a)(3) Notices by First Banks, Inc., St. Louis, Missouri, and its

subsidiary bank holding company, First Banks America, Inc., St.

Louis, Missouri, to acquire Millennium Bank, San Francisco,

California.*

Newspaper – 10/14/2000

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

None

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

Type Application

§25 FR Act

(Offshore Branch)

Notice by Arvest Bank, Rogers, Arkansas, to establish an

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 Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, September 16, 2000

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)(1)RN Quality Bankshares, Inc., Fingal, North Dakota, for prior

approval to become a bank holding company through the

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

Fingal, North Dakota.
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, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) / Branch BANKWEST, Goodland, Kansas, for prior approval to

merge with Citizens State Bank, Keenesburg, Colorado,

and to establish a branch at 100 South Main Street,

Keenesburg, Colorado.

Newspaper – N/Available

18(c) / Branch Rocky Ford National Bank, Rocky Ford, Colorado, for prior

approval to merge with First National Bank in Walsenburg,

Walsenburg, Colorado, and incident thereto, to establish two

additional branches.

Newspaper – N/Available

18(c) / Branch BancFirst, Oklahoma City, Oklahoma, for prior approval to

merge with First State Bank, Oklahoma City, Oklahoma, and

incident thereto, establish additional branches.

Newspaper – 10/09/2000

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

Type Application

Ending date of

comment period

3(a)(3) Dinsdale Brothers, Inc., Palmer, Nebraska, for prior approval to

acquire 12.78 percent of the voting shares of Pinnacle Bank –

Wyoming, Torrington, Wyoming.

Newspaper – 09/25/2000

FedReg – 10/04/2000

3(a)(5) / 3(a)(3) /

 4 (c)(8)

Guaranty Corporation, Denver, Colorado, for prior approval to

merge with Bank Capital Corporation, Strasburg, Colorado, and

thereby indirectly acquire The First National Bank of Strasburg,

Strasburg, Colorado. Also, to indirectly acquire Collegiate

Peaks Bancorporation, Strasburg, Colorado, and thereby acquire

Collegiate Peaks Bank, Buena Vista, Colorado. Also to acquire

Bank Capital Mortgage LLC, and thereby engage in extension of

credit and servicing of loans activities.

Newspaper – 10/23/2000

FedReg – N/Available
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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch PNB Financial Bank, Lubbock, TX, to establish a branch office

at 919 Congress Avenue, Austin, TX, 78701*

09/24/2000

*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

CIC Glen Wallace Rogers, Henderson, TX, only notificant, to

acquire an interest in

Rusk County Bancshares, Inc., Henderson, TX

Fed Reg – 10/04/2000

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, September 16, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Oak Valley Community Bank, Oakdale, California, to establish

a branch office at 166 Main Street, Bridgeport, California. *

Newspaper - 09/15/2000

* 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

4(c)(8) BYL Bancorp, Orange, California, to engage through its

subsidiary, CNL Commercial Finance, Inc., Mission Viejo,

California, in extending credit and servicing loans, and activities

related to the extension of credit.

Fed Reg - 10/13/2000

4(c)(8) Greater Bay Bancorp, Palo Alto, California, to engage in

commercial lending and equipment lease financing through the

acquisition of The Matsco Companies, Emeryville, California.

Fed Reg - 10/02/2000

4(c)(8) Tehama Bancorp, Red Bluff, California, to acquire convertible

preferred shares in the amount of $375,000, of Central Pacific

Mortgage Company, Folsom, California.

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

Type Application

Member Mid Valley Bank, Red Bluff, California, to become a member of

the Federal Reserve System.

Waiver Umpqua Holdings Corporation, Roseburg, Oregon, requests a

waiver of any BHC Act application requirement in connection

with the merger of Valley of the Rogue Bank, Rogue River,

Oregon, with and into South Umpqua Bank, Roseburg, Oregon.

Waiver Cathay Bancorp, Los Angeles, California, requests a waiver of

any BHC Act application requirement in connection with the

merger between Cathay Bank, Los Angeles, California, and

Kermit State Bank, Houston, Texas.

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