Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 16

Week Ending April 18, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions April 12, 1998 to April 18, 1998

Bank Holding Companies

First Merit Corporation, Akron, Ohio -- request for reconsideration of the Board's 

approval of the application and notice to merge with CoBancorp, Inc., Elyria, and 

acquire PremierBank & Trust, and Jefferson Savings Bank, West Jefferson, Ohio.

- Denied, April 13, 1998 

First Midwest Bancorp, Inc., Itasca, Illinois -- to acquire Heritage Financial Services, 

Inc., Tinley Park, Illinois, Heritage Bank, Blue Island, Heritage Trust Company, 

Tinley Park; and First National Bank of Lockport, Lockport, Illinois, and engage in 

trust company activities.

- Approved, April 13, 1998 

First Union Corporation, Charlotte, North Carolina -- to merge with CoreStates 

Financial Corp, Philadelphia, Pennsylvania, and acquire CoreStates Bank, N.A.; 

CoreStates Bank of Delaware, N.A., Wilmington, Delaware, CoreStates's 

nonbanking subsidiaries, and its foreign branches.

- Approved, April 13, 1998 

North Fork Bancorporation, Inc., Melville, New York -- to acquire up to 9.9 percent 

of the shares of Long Island Bancorp, Inc., and thereby acquire The Long Island 

Savings Bank, FSB.

- Approved, April 13, 1998 

Peoples Heritage Financial Group, Inc., Portland, Maine -- request for 

reconsideration of the Board's approval of the application to merge with CFX 

Corporation, Keene New Hampshire.

- Denied, April 14, 1998 

Forms

Ongoing Intermittent Survey of Households (FR 3016) -- extension, without revision

- Proposed, April 13, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
April 12, 1998 to April 18, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Berks County Bank, Reading, Pennsylvania -- to establish a branch at 422 & 

Freeman Street, Township of Heidelberg, Pennsylvania.

- Approved, April 15, 1998 

Philadelphia

Community Bank of Elmhurst, Elmhurst, Illinois -- to establish a branch at 108 

Schiller Street.

- Approved, April 13, 1998 

Chicago

Crestar Bank, Richmond, Virginia -- to establish a branch in the Potomac Run 

Shopping Center at the intersection of Harry Byrd Highway and Bartholomew Fair 

Drive, Sterling, Virginia.

- Approved, April 13, 1998 

Richmond

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

Supermarket, 977 Valley Road, Gillette, New Jersey.

- Approved, April 1, 1998 (AC)

New York

Triangle Bank, Raleigh, North Carolina -- to establish a branch inside the Winn-Dixie 

Store at 2800 Raleigh Road, Wilson, North Carolina.

- Approved, April 17, 1998 

Richmond

Bank Holding Companies

Bancorp Connecticut, Southington, Connecticut -- to engage de novo in indirect 

automobile lending activities, in connection with the establishment of a joint venture.

- Withdrawn, April 16, 1998 

Boston

(AC) = Addition or Correction Delegated - Page 1 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Bank Holding Companies

Carolina First Corporation, Greenville, South Carolina -- to acquire Resource 

Processing Group, Inc., Columbia, South Carolina.

- Approved, April 15, 1998 

Richmond

First Neighborhood Bancshares, Inc. Employee Stock Ownership Plan, Toledo, 

Illinois -- to acquire First Neighborhood Bancshares, First State Bank of Newman, 

Newman; First National Bank In Toledo, Toledo; Greenup National Corporation, 

Greenup; and Greenup National Bank, Greenup, Illinois. 

- Approved, April 16, 1998 

Chicago

First Utah Bank, Salt Lake City, Utah -- to engage de novo in management 

consulting, courier services, and data processing activities through Premier Data 

Corp.

- Permitted, April 13, 1998 

San Francisco

First York Ban Corp., York, Nebraska -- to acquire Nebraska Land National Bank, 

North Platte, Nebraska.

- Approved, April 17, 1998 

Kansas City

HB Financial Corp of Delaware, Wilmington, Delaware -- to acquire Highlands State 

Bank, Highlands, Texas.

- Approved, April 15, 1998 

Dallas

HB Financial Corp., Highland, Texas -- to acquire HB Financial Corp of Delaware, 

Wilmington, Delaware, and Highlands State Bank.

- Approved, April 15, 1998 

Dallas

Heartland Financial USA, Inc, Dubuque, Iowa -- to acquire shares of New Mexico 

Bank & Trust, Albuquerque, New Mexico.

- Approved, April 14, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Bank Holding Companies

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

acquire CBT Corporation, Paducah, Kentucky, Citizens Bank and Trust Company of 

Paducah; Bank of Marshall County, Benton; Pennyrile Citizens Bank and Trust 

Company, Hopinsville; and Graves County Bank, Inc., Mayfield; and United 

Commonwealth Bank, FSB, Murray, Kentucky.

- Approved, April 13, 1998 

Secretary

NATCOM Bancshares, Inc., Superior, Wisconsin -- to acquire National Bank of 

Commerce in Superior.

- Approved, April 15, 1998 

Minneapolis

Northern Trust Corporation, Chicago, Illinois -- to acquire Trustbank Financial 

Corporation, Denver, Colorado, and Trust Bank of Colorado.

- Approved, April 17, 1998 

Chicago

Norwest Corporation, Minneapolis, Minnesota -- to acquire First Bank, Katy, Texas.

- Approved, April 16, 1998 

Secretary

Peoples BancTrust Company, Inc., Selma, Alabama -- to merge with Elmore County 

Bancshares, Inc., Tallassee, Alabama, and acquire Bank of Tallassee.

- Approved, April 15, 1998 

Atlanta

Security Bank Holding Company, Coos Bay, Oregon, and Security Bank Holding 

Company ESOP -- to acquire Family Security Bank, Brookings, Oregon.

- Approved, April 15, 1998 

San Francisco

SunTrust Banks, Inc., Atlanta, Georgia -- to establish SunTrust Community 

Development Corporation, and engage de novo in community development activities.

- Returned, April 15, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 3 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Bank Holding Companies

Tri-County Financial Group, Inc., Mendota, Illinois -- to acquire Farmers State Bank 

of McNabb, McNabb, Illinois.

- Approved, April 15, 1998 

Chicago

Union Planters Corporation, Memphis, Tennessee, and Union Planters Holding 

Corporation -- to acquire Capital Savings Bank, FSB, Jefferson City, Missouri.

- Approved, April 16, 1998 

St. Louis

Bank Mergers

Bank of Commerce, San Diego, California -- to merge with Rancho Vista National 

Bank, Vista, California, and establish branches.

- Approved, April 17, 1998 

San Francisco

Colonial Bank, Montgomery, Alabama -- to purchase certain assets and assume 

certain liabilities of the Wade Green branch of Premier Bank, Atlanta, Georgia.

- Approved, April 15, 1998 

Atlanta

Banks, State Member

WestStar Bank, Bartlesville, Oklahoma -- payment of a dividend.

- Approved, April 15, 1998 

Kansas City

Capital Stock

Wells Fargo & Company, San Francisco, California -- redemption of shares.

- Approved, April 13, 1998 

San Francisco

Change In Bank Control

First National Corporation North Dakota, Grand Forks, North Dakota -- change in 

bank control.

- Permitted, April 15, 1998 

Minneapolis

(AC) = Addition or Correction Delegated - Page 4 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Change In Bank Control

Southwestern Bancshares, Inc, Glen Rose, Texas -- change in bank control.

- Permitted, April 16, 1998 

Dallas

Competitive Factors Reports

American Bank of Locust Grove, N.A., Locust Grove, Oklahoma -- report on 

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

liabilities of the First State Bank of Porter, Porter, Oklahoma.

- Submitted, April 17, 1998 

Kansas City

American Bank of Nashwauk, Nashwauk, Minnesota -- report on competitive factors 

of the proposed merger with Itasca State Bank of Grand Rapids, Grand Rapids, 

Minnesota.

- Submitted, April 14, 1998 

Minneapolis

BankUnited Financial Corporation, Coral Gables, Florida, and BankUnited, FSB, -- 

report on competitive factors of the proposed acquisition of the assets and 

assumption of liabilities of Central Bank, Miami, Florida, via merger with 

BankUnited, FSB.

- Submitted, April 15, 1998 

Atlanta

Commercial Federal Corporation, Omaha, Nebraska -- report on competitive factors 

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

Bank, Des Moines, Iowa.

- Submitted, April 15, 1998 

Chicago

Copiah Bank, National Association, Hazlehurst, Mississippi -- report on competitive 

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

of the Hazlehurst branch of Union Planters Bank, National Association, Memphis, 

Tennessee.

- Submitted, April 15, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 5 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Competitive Factors Reports

East Carolina Bank, Engelhard, North Carolina -- report on competitive factors of 

the proposed merger with ECB Interim Bank.

- Submitted, April 13, 1998 

Richmond

Farmers Bank, Eaton, Colorado -- report on competitive factors of the proposed 

purchase of assets and assumption of the liabilities of the Ault, Colorado, branch of 

Colorado Community First National Bank, Fort Morgan, Colorado.

- Submitted, April 17, 1998 

Kansas City

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

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

liabilities of the Littleton branch of Southern Bank and Trust Company, Mount 

Olive, North Carolina.

- Submitted, April 17, 1998 

Richmond

First National Bank, Red Oak, Iowa -- report on competitive factors of the proposed 

merger with Security Trust and Savings Bank, Shenandoah, Iowa.

- Submitted, April 15, 1998 

Chicago

First State Community Bank, Farmington, Missouri -- report on competitive factors 

of the proposed merger with Joachim Federal Savings and Loan Association, 

DeSoto, Missouri.

- Submitted, April 16, 1998 

St. Louis

Guaranty Bank, National Association, Shamokin, Pennsylvania -- report on 

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

certain liabilities of the Glen Lyon branch of Summit Bank, Bethlehem, Pennsylvania

- Submitted, April 14, 1998 

Philadelphia

(AC) = Addition or Correction Delegated - Page 6 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Competitive Factors Reports

Hubco, Inc., Mahwah, New Jersey -- report on competitive factors of the proposed 

acquisition of the assets and assumption of liabilities of two branches of First Union 

National Bank, Charlotte, North Carolina.

- Submitted, April 17, 1998 

New York

Independent Bank South Michigan, Leslie, Michigan -- report on competitive factors 

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

the Richland and Bellevue branches of Great Lakes National Bank Michigan, Ann 

Arbor, Michigan.

- Submitted, April 17, 1998 

Chicago

Langham Creek National Bank, Houston, Texas -- report on competitive factors of 

the proposed merger with LCNB Interim Bank, National Association.

- Submitted, April 15, 1998 

Dallas

National Bank of Commerce, Memphis, Tennessee -- report on competitive factors 

of the proposed merger with Citizens Bank, Marion; and Bank of West Memphis, 

West Memphis, Arkansas.

- Submitted, April 16, 1998 

St. Louis

Olde Port Bank & Trust Company, Portsmouth, New Hampshire -- report on 

competitive factors of the proposed merger with NECB Interim Bank.

- Submitted, April 13, 1998 

Boston

Round Top State Bank, Round Top, Texas -- report on competitive factors of the 

proposed merger with Round Top Acquisition Corporation.

- Submitted, April 15, 1998 

Dallas

Shoreline Bank, Benton Harbor, Michigan -- report on competitive factors of the 

proposed merger with State Bank of Coloma, Coloma, Michigan.

- Submitted, April 17, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 7 of 8
H.2 Actions under delegated authority April 12, 1998 to April 18, 1998

Competitive Factors Reports

Sovereign Bancorp, Inc., Wyomissing, Pennsylvania -- report on competitive factors 

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

Home Bancorp, Inc., Pennsville, New Jersey.

- Submitted, April 14, 1998 

Philadelphia

Stock Yards Bank & Trust Company, Louisville, Kentucky -- report on competitive 

factors of the proposed merger with Stock Yards Bank & Trust Company, Austin, 

Indiana.

- Submitted, April 14, 1998 

St. Louis

Vectra Bank, Denver, Colorado -- report on competitive factors of the proposed 

merger with Bank Colorado, National Associatio

- Submitted, April 13, 1998 

San Francisco

Extensions Of Time

Olympian New York Corporation, Brooklyn, New York -- extension to July 15, 

1998, to acquire Olympian Bank.

- Approved, April 13, 1998 

New York

Membership

Kearney Commercial Bank, Kearney, Missouri -- to become a member of the Federal 

Reserve System.

- Approved, April 15, 1998 

Kansas City

Silsbee State Bank, Silsbee, Texas -- membership in the Federal Reserve System.

- Withdrawn, April 16, 1998 

Dallas

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week of April 18, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) New England Community Bancorp, Inc., Windsor, Connecticut - Newspaper - 5/13/98

application to acquire Olde Port Bank & Trust Company, Fed Reg - 5/15/98

Portsmouth, New Hampshire.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(1) The K&Z Company LLC, Brooklyn, New York, to become a N/Avail

one-bank holding company through the acquisition of up to 75

percent of The First Bational Bank of Lisbon, Rochester, New

York.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Summit Bank, Bethlehem, PA, to establish a branch office at 4/30/98

Genuardi’s Family Market, Huntingdon Valley Shopping Center,

737 Huntingdon Pike, Huntingdon Valley, Montgomery County,

PA.

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

Type Application comment period

Ending date of 

3(a)(3) Dauphin Bancorp, Dauphin, PA, to acquire up to 39.16 percent of Newspaper - 5/6/98

the First National Bank of Liverpool, Liverpool, PA. Fed Reg - 5/15/98

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

Inv. MBNA America Bank, NA, Wilmington, DE, to invest additional

$125 million into MBNA International Bank Limited, United

Kingdom.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

962715 Miners Bank of Lykens 12/1/97 4/17/98 Satisfactory Small Bank

Lykens, PA

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and Notifications Filed During the Week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Received notice from Somerset Trust Company, Somerset, PA on 4/27/98

April 1, 1998, to establish a branch at 116 Market Street,

Johnstown, PA.

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

Type Application period

Ending date of comment

3(a)(3) Received application from FNB Corporation, Hermitage, PA on Newspaper - N/Avail

April 1, 1998, to acquire Southwest Interim Bank No. 4 which

will operate for 44-60 days as Seminole Bank, N.A., whereupon it

will be merged into First National Bank of Florida, Largo, FL.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

None
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled 2nd Quarter of 1998

Institution Location

Citizens Deposit Bank & Trust P.O. Box 9, 400 Second Street, Vanceburg, KY 41179-0009

Enterprise Bank 6150 Enterprise Parkway, Solon, OH 44139

Farmers Bank & Savings Company P.O. Box 626, 211 W. 2nd Street, Pomeroy, OH 45769-1037

Heartland Bank P.O. Box 7, 12 N. Main Street, Croton, OH 43013-0007

The Citizens Banking Company P.O. Box 247, 10 E. Main Street, Salineville, OH 43945-0247

The St. Henry Bank P.O. Box 330, 231 E. Main Street, St. Henry, OH 45883

Towne Bank 610 East South Boundary, Perrysburg, OH 43551
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) The Bank of Belton, Belton, South Carolina, to acquire Newspaper - N/Avail

certain assets and assume certain liabilities of the Belton,

and Honea Path, South Carolina, branch offices of Carolina

First Bank, Greenville, South Carolina.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(1) ECB Bancorp, Inc., Engelhard, North Carolina, to become Fed Reg - 5/15/98

a bank holding company through the acquisition of 100% Newspaper - 5/14/98

of the voting shares of The East Carolina Bank, Engelhard,

North Carolina.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Wachovia Corporation, Winston-Salem, North Carolina, to Fed Reg - 5/5/98

engage de novo in underwriting and dealing in certain

ineligible securities and other nonbanking activities

through its subsidiary, Wachovia Capital Markets, Inc.,

Winston-Salem, North Carolina.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

4(c)(8) Wachovia Corporation, Winston-Salem, North Carolina,

to acquire Hunt, Dupree, Rhine & Associates, Inc., and

Retirement Plan Securities, Inc., both located in Greenville,

South Carolina.

4(c)(8) Summit Bankshares, Inc., Raphine, Virginia, to acquire

Valley Security Insurance Company, Raphine, Virginia.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

1995.

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

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

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

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

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) Republic Security Bank, West Palm Beach, Florida, to merge with 5/18/98

Unifirst Savings Bank, Hollywood, Florida.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(5) Premier Bancshares, Inc., Atlanta, Georgia, to merge with Button Newspaper - 4/30/98

Gwinnett Financial Corporation, Snellville, Georgia, and thereby

acquire The Bank of Gwinnett County, Lawrenceville, Georgia.* 

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

WAIVR Republic Security Financial Corporation, West Palm Beach, Florida,

application waiver request in connection with the proposed merger of

Republic Security Bank, West Palm Beach, Florida, with Unifirst

Federal Savings Bank, Hollywood, Florida.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) Osceola Bancorporation* Fed Reg - 4/30/98

Osceola, Iowa Newspaper - 5/4/98

 Huxley Bancorp

 Huxley, Iowa

 First State Bank

 Huxley, Iowa

3(a)(3) 1st Brookfield, Inc., Employee Stock Ownership Plan* Fed Reg - 5/15/98

Brookfield, Illinois Newspaper - 5/9/98

 1st Brookfield, Inc.

 Brookfield, Illinois

 First National Bank of Brookfield

 Brookfield, Illinois

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not available at this time

*Subject to the provision of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

ROS Iowa First Bancshares Corp.

Muscatine, Iowa

 to purchase 302,642 shares (16.6%) of its outstanding common 

stock 

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Notice by Southern Commercial Bank, St. Louis, Missouri, to 4/13/98

establish a branch at 5638 Telegraph Road, St. Louis, Missouri.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Notice involving P & W Bancshares, Inc., Little Rock, Arkansas, N/Avail

by The Robert M. Wilson Family Limited Partnership.

CIC Notice involving Marked Tree Bancshares, Inc., Marked Tree, Newspaper - 5/14/98

Arkansas, by Helen D. Brunner (previously reported during the

week of April 6, 1998).

CIC Notice involving HBancorporation, Inc., Lawrenceville, Illinois, Fed Reg - 4/29/98

by Kevin John Kavanaugh (previously reported during the week of

April 6, 1998).

3(a)(5) Notice by Guaranty Capital Corporation, Belzoni, Mississippi, to Newspaper - 5/15/98

acquire Hollandale Capital Corporation, Hollandale, Mississippi

(previously reported during the week of April 6, 1998).*

3(a)(3) Notice by Southern Development Bancorporation, Inc., Fed Reg - 5/8/98

Arkadelphia, Arkansas, to acquire First Delta Corporation,

Helena, Arkansas (previously reported during the week of April 6,

1998).*

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

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

Member Notice by Bank of Buffalo, Buffalo, Kentucky, to become a member

of the Federal Reserve System.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch F&M Bank - Superior, Superior, Wisconsin, to establish a branch 5/9/98

in Superior, Wisconsin.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application period

Ending date of comment

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

S/R . Southern Minnesota Bancshares, Inc., Wells, Minnesota, to redeem

100% of its preferred stock.
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

374653 M&I Bank of La Crosse 11/17/97 4/13/98 Satisfactory Large Bank

La Crosse, Wisconsin

566159 M&I Bank, Ashland 12/15/97 4/13/98 Satisfactory Large Bank

Ashland, Wisconsin

475354 Farmers State Bank 1/5/98 4/14/98 Satisfactory Small Bank

Victor, Montana

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of April 18,1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c)/Branch First Security Bank, Fort Lupton, Colorado, for prior approval to Newspaper - N/Avail

acquire the assets and assume the liabilities of First Security

Bank, Craig, Colorado; and to establish an additional branch.

18(c)/Branch Farmers State Bank, Mankato, Kansas, for prior approval to Newspaper - 05/12/98

acquire the assets and assume the liabilities of the Beloit, Kansas,

branch of Security National Bank, Manhattan, Kansas; and to

establish an additional branch.

Branch WestStar Bank, Vail, Colorado, to establish an additional branch Newspaper - 04/23/98

at 40 Sunset Drive #10A, Basalt, Colorado and 205

Independence, Cedaredge, Colorado.

Branch Bank of Belen, Belen, New Mexico, to establish an additional Newspaper - 05/03/98

branch at 307 West Broadway, Mountainair, New Mexico.

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

Type Application comment period

Ending date of 

CIC Ned and Margaret Stuart Family Partnership, LP; and J.L. and Newspaper - 04/30/98

Delene Stuart Family Partnership, LP, both of Shattuck, Fed Reg - N/Avail

Oklahoma, for prior approval to acquire voting shares of Shattuck

Bancshares, Inc., Shattuck, Oklahoma, and thereby indirectly

acquire Shattuck National Bank, Shattuck, Oklahoma.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

S/R First Liberty Capital Corporation, Hugo, Colorado, for prior approval

to redeem 1,298 shares of its own voting common stock.

Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

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

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

908058 Rio Grande County Bank 01/26/98 04/17/98 Outstanding

595 Grande Avenue

Del Norte, Colorado 81132

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Colorado Valley Bank, La Grange, TX, to establish a branch at 5/8/98

1001 Milam St., Columbus, TX 78934*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(3) First Gilmer Bancshares, Inc., Gilmer, TX, to acquire Wood Newspaper - 5/1/98

County National Bank, Quitman, TX*

*Subject to the provisions of the Community Reinvestment Act.

Newspaper - Comment period ending date is the date specified in the newspaper only.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

Member Hale County State Bank, Plainview, TX, to become a member of the

Federal Reserve System
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of April 18, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(3) First Security Corporation, Salt Lake City, Utah, to acquire Newspaper - 4/27/98

California State Bank, Covina, California.* Fed Reg - 4/30/98

3(a)(3) InterWest Bancorp, Inc., Oak Harbor, Washington, to acquire Newspaper - 5/03/98

Pacific Northwest Bank, Seattle, Washington.* Fed Reg - 5/15/98

3(a)(5) InterWest Bancorp, Inc., Oak Harbor, Washington, to acquire Newspaper - 5/03/98

Pioneer Bancorp, Inc., Yakima, Washington.* Fed Reg - 5/15/98

3(a)(3) Eggemeyer Advisory Corp, Castle Creek Capital, LLC, and Castle Newspaper - 5/11/98

Creek Capital Partners Fund-I, L.P., all of San Diego, California, Fed Reg - 5/05/98

to acquire up to 18 percent of State National Bancshares, Inc.,

Lubbock, Texas.*

3(a)(1) Jefferson State Bancorp, Medford, Oregon, to become a bank Newspaper - 5/19/98

holding companay by acquiring Bank of Southern Oregon, Fed Reg - N/Avail

Medford, Oregon.

*Subject to the provisions of the Community Reinvestment Act. 

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Palm Desert Investments, Palm Desert, California, to engage de Fed Reg - N/Avail

novo, directly, in bringing together buyers and sellers in connection

with the sale of Automated Teller Machines ("ATM's"), or

management rights with respect to such ATM's.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of

None

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

1416381 Humboldt Bank 6/23/97 1/15/98 Satisfactory* X

701 5th Street

P.O. Box 1007

Eureka, CA 95502-1007

(707) 445-3233

*Revised for change of rating.

Footnotes: The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is

not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility

for errors or omissions.
Section VI - CRA examinations scheduled 2nd Quarter of 1998

Institution Location

None