Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 8 

Week Ending February 23, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions February 17, 2002 to February 23, 2002 

Testimony And Statements 

Monetary Policy -- report to Congress. 

- Authorized, February 20, 2002 

Monetary Policy Objectives -- statement by Chairman Greenspan before the House 

Committee on Financial Services, February 27, 2002. 

- Authorized, February 22, 2002 

Bank Holding Companies 

BNP Paribas, Paris, France, and BancWest Corporation, Honolulu, Hawaii -- to 

acquire United California Bank, Los Angeles, California. 

- Approved, February 19, 2002 

Regulations And Policies 

Equity Derivative Transactions -- proposal to allow state member banks to acquire 

equity securities to hedge their customer-driven equity derivative transactions. 

- Approved, February 11, 2002 (AC) 

Reserve Bank Services 

Federal Reserve Priced Services -- change in the frequency of the pro forma financial 

statements for Federal Reserve priced services from quarterly to annually. 

- Approved, February 19, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority February 17, 2002 to February 23, 2002 

BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment Systems 

IF International Finance 

OSDM Office of Staff Director for Management 

C&CA Consumer and Community Affairs 

FOMC Federal Open Market Committee 

Bank Branches, Domestic 

Philadelphia 

Community Bank and Trust Company, Clarks Summit, Pennsylvania -- to establish a 

branch at Seventh and Lackawanna Avenues, Scranton. 

- Approved, February 21, 2002 

New York 

Atlanta 

Atlanta 

JPMorgan Chase Bank, New York, New York -- to establish a branch at 744 Broad 

Street, Newark, New Jersey. 

- Approved, February 20, 2002 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 4240 West Kennedy 

Boulevard, Tampa, Florida. 

- Approved, February 19, 2002 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 210 South Royal 

Oaks Boulevard, Franklin, Tennessee. 

- Approved, February 20, 2002 

Minneapolis 

The Yellowstone Bank, Laurel, Montana -- to establish a branch at Shiloh Road and 

Avenue B, Billings. 

- Approved, February 22, 2002 

Bank Holding Companies 

Kansas City 

Central Financial Corporation, Hutchinson, Kansas -- to acquire shares of Bank of 

Nevada, Las Vegas, Nevada. 

- Approved, February 22, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 5 
H.2 Actions under delegated authority February 17, 2002 to February 23, 2002 

Bank Holding Companies 

Secretary 

Financial Institutions, Inc., Warsaw, New York -- waiver of application for the 

acquisition of Bank of Avoca, Avoca, in connection with the merger of its subsidiary, 

Bath National Bank, Bath, and Bank of Avoca. 

- Granted, February 22, 2002 

Chicago 

First Merchants Corporation, Muncie, Indiana -- to acquire Lafayette Bancorporation, 

Lafayette, and Lafayette Bank and Trust Company. 

- Approved, February 22, 2002 

Minneapolis 

H.R. Financial, Inc., Blair, Wisconsin -- modification of certain commitments. 

- Granted, February 20, 2002 

Chicago 

PGB Holdings, Inc., Chicago, Illinois -- to become a bank holding company through the 

acquisition of Pacific Global Bank. 

- Approved, February 21, 2002 

Minneapolis 

Plato Holdings, Inc., St. Paul, Minnesota -- to become a bank holding company through 

the acquisition of Drake Bank, a de novo bank. 

- Withdrawn, February 20, 2002 

Secretary 

Royal Bank of Canada, Montreal, Canada; RBC Holdings (USA), Inc., New York, 

New York; and RBC Holdings (Delaware), Inc., Wilmington, Delaware -- waiver of 

application for the formation of SFNB (Georgia) Bank, Atlanta, Georgia, an interim bank, 

in connection with the merger of SFNB Bank and RBC Centura Bank, Rocky Mount, 

North Carolina. 

- Granted, February 22, 2002 

Atlanta 

Tennessee Valley Financial Holdings, Inc., Oak Ridge, Tennessee -- to become a bank 

holding company through the acquisition of TNBANK. 

- Approved, February 21, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 5 
H.2 Actions under delegated authority February 17, 2002 to February 23, 2002 

Bank Mergers 

Atlanta 

Regions Bank, Birmingham, Alabama -- to merge with First Bank of Texas, Tomball, 

Texas, and Park Meridian Bank, Charlotte, North Carolina. 

- Approved, February 21, 2002 

Change In Bank Control 

Kansas City 

Central Service Corporation, Enid, Oklahoma -- change in bank control. 

- Permitted, February 20, 2002 

Chicago 

First Heartland Bancorp., Sioux Center, Iowa -- change in bank control. 

- Permitted, February 20, 2002 

Kansas City 

IFB Holdings, Inc., Chillicothe, Missouri -- change in bank control. 

- Permitted, February 20, 2002 

Competitive Factors Reports 

Minneapolis 

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

factors of the proposed merger with American Bank of the North, Grand Rapids, and 

Mountain Iron First State Bank, Mountain Iron. 

- Submitted, February 20, 2002 

Secretary 

Bath National Bank, Bath, New York -- report on competitive factors of the proposed 

merger with Bank of Avoca, Avoca. 

- Submitted, February 22, 2002 

Minneapolis 

BNC National Bank of Arizona, Tempe, Arizona -- report on competitive factors of the 

proposed merger with BNC National Bank, Minneapolis, Minnesota. 

- Submitted, February 21, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 5 
H.2 Actions under delegated authority February 17, 2002 to February 23, 2002 

Competitive Factors Reports 

St. Louis 

First Community Bank, Pocahontas, Arkansas -- report on competitive factors of the 

proposed acquisition of Newport Federal Savings Bank, Newport. 

- Submitted, February 19, 2002 

Minneapolis 

First Federal Savings Bank, La Crosse-Madison, La Crosse, Wisconsin -- report on 

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

three Rochester, Minnesota, branches of Marquette Bank, N.A., Rogers. 

- Submitted, February 22, 2002 

Philadelphia 

Sovereign Bank, Wyomissing, Pennsylvania -- report on competitive factors of the 

proposed merger with Sovereign Trust Company, Lakehurst, New Jersey. 

- Submitted, February 21, 2002 

Cleveland 

United Midwest Savings Bank, DeGraff, Ohio -- report on competitive factors of the 

proposed merger with Pendleton Federal Savings Bank, Falmouth, Kentucky. 

- Submitted, February 22, 2002 

Financial Holding Companies 

Minneapolis 

Mid-Wisconsin Financial Services, Inc., Medford, Wisconsin -- election to become a 

financial holding company. 

- Effective, February 22, 2002 

Philadelphia 

Omega Financial Corporation, State College, Pennsylvania -- election to become a 

financial holding company. 

- Effective, February 21, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 5 
H.2 Actions under delegated authority February 17, 2002 to February 23, 2002 

Membership 

Kansas City 

Cowboy State Bank, Ranchester, Wyoming -- membership in the Federal Reserve 

System. 

- Approved, February 22, 2002 

Kansas City 

First Bank of Medicine Lodge, Medicine Lodge, Kansas -- membership in the Federal 

Reserve System. 

- Approved, February 22, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 5 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) South Coastal Holdings MHC, Inc., Rockland, Massachusetts - Newspaper - N/A Fed 

application to become a mutual bank holding company through Reg - 03/25/2002 

the acquisition of South Coastal Bank, Rockland, Massachusetts 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Artesia Banking corporation S.A., Brussels, Belgium, to 

establish a state-licensed branch in New York, New York. 

Newsapaer – 02/27/02 

Branch HSBC Republic International Bank (Miami), Miami, Florida, to 

establish a branch in Aventura, Florida. * 

Newspaper – 03/01/02 

Rep. Office Natexis Banque Popularies S.A., Paris, France, to establish a 

representative office in Miami, Florida 

Newspaper – N/A 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1)(a) EuroBancshares, Inc., Hato Rey, Puerto Rico, to acquire 100 

percent of the issued and outstanding shares of the common 

stock of Eurobank, Hato Rey, Puerto Rico. 

Newspaper – 03/01/2002 

Fed Reg – 03/01/2002 

3(a)(5) 3(a)(3) 18c United National Bancorp, Bridgewater, New Jersey, to acquire 

Vista Bancorp, Inc., and Vista Bank, N.A. both of Phillipsburg, 

New Jersey. 

Newspaper – 02/28/02 

Fed Reg – N/A 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

3(a)(5) NorCrown Bancorp to become a one-bank holding company for N/A 

NorCrown Bank, both of Livingston, New Jersey. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18c Branch Received application from The Citiizens Banking Company, 

Sandusky, OH to merge with Citizens National Bank of 

Norwalk, Norwalk, OH and incident thereto establish branches. 

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

Ending date of 

Type Application comment period 

CIC Received notice of change in bank conrol from Messrs. John W. Newspaper: 02/20/2002 

Straker, Bonita Springs, FL and John W. Straker, Jr., Granville, Fed Reg: 02/14/2002 

OH of their intent to retain approximately 11.5% of the voting 

shares of BancFirst Ohio Corp., Zanesville, OH. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

533227 Metamora State Bank 12/17/2001 02/19/2002 S X 

120 East Main Street 

Metamora, OH 43540 

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, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch RBC Centura Bank, Rocky Mount, North Carolina, to operate 

a branch in the Patriots Colony at the Williamsburg Retirement 

Center, 6000 Patriots Drive, Williamsburg, Virginia.* 

Branch Community First Bank, Lynchburg, Virginia, to establish a 

branch at 69 Callohill Drive, Lovingston, Virginia.* 

Branch First Bank, Strasburg, Virginia, to establish a branch at 1717 

Shenandoah Avenue, Front Royal, Virginia.* 

Branch Allfirst Bank, Baltimore, Maryland, to establish a branch in the 

Dulles Town Center Mall, Dulles, Virginia.* 

Branch First Vantage Bank/Tri-Cities, Bristol, Virginia, to establish a 

branch at 915 West Oakland Avenue, Johnson City, Tennessee.* 

Newspaper - 03/01/2002 

Newspaper - 03/02/2002 

Newspaper - 03/04/2002 

Newspaper - 03/05/2002 

Newspaper - 03/08/2002 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

CIC Notice by C. Edward Floyd to increase his ownership to 14.83% 

in Sun BankShares, Murrells Inlet, South Carolina.* 

Fed Reg - 03/12/2002 

Newspaper - 03/11/2002 

CIC Notice by Frederick Willetts, III, individually and together with 

members of his immediate family and various family trusts, to 

control 17.82% of the voting shares of Cooperative Bankshares, 

Inc., Wilmington, North Carolina.* 

Fed Reg - 03/14/2002 

Newspaper - N/Avail 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

4(c)(8) Mercantile Bankshares Corporation, Baltimore, Maryland, to 

acquire 49.9% of the voting securities of Mercantile Mortgage, 

LLC, Baltimore, Maryland. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 333 – 2nd Avenue South, St. Petersburg, Florida. 

03/06/2002* 

Branch AmSouth Bank, Birmingham, Alabama, to establish a branch 03/06/2002* 

located at 5084 Dr. Phillips Boulevard, Orlando, Florida, to be 

known as the Dr. Phillips Branch. 

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

located at Highway 64 and Appling Road, Memphis, Tennessee, 

to be known as the Memphis Branch. 

02/21/2002*

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

873334 American Bank & Trust of Polk 10/15/2001 02/26/2002 S X 

County 

Post Office Box 3400 

Lake Wales, Florida 33859 

(863) 676-7631 

Section VI – CRA examinations scheduled for Second Quarter of 2002 

Institution Location 

Bank of Forest

Newnan Coweta Bank

Centura Bank

Auburn Bank

AmSouth Bank

Farmers & Merchants Bank

Forest, Mississippi 

Newnan, Georgia 

Norcross, Georgia 

Auburn, Alabama 

Birmingham, Alabama 

Eatonton, Georgia 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances. 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Chemical Bank and Trust Company, Midland, Michigan, to 

establish a branch facility to be located at Independence Village, 

2325 N. Rockwell, Midland, Michigan.* 

18(c) & Branches Johnson Bank, Racine, Wisconsin, for prior approval to merge 

with Johnson Bank Hayward, Hayward, Wisconsin and thereby 

to establish branches at Hwy 63 North, Hayward, Wisconsin, 

209 Dakota South, Hayward, Wisconsin, 340 S. Main Street, 

Rice Lake, Wisconsin and 329 S. River Street, Spooner, 

Wisconsin.* 

18(c) & Branches M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, to merge 

with Richfield Bank & Trust Co., Richfield, Minnesota and 

thereby to establish 21 branches.* 

18(c) & Branches M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, to merge 

with Century Bank, National Association, Eden Prairie, 

Minnesota and thereby to establish branches at 11455 Viking 

Drive, Eden Prairie, Minnesota, 575 Wayzata Boulevard, St. 

Lois Park, Minnesota and 3500 129th Avenue NW, Coon 

Rapids, Minnesota.* 

Newspaper – 02/28/2002 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) Grant County State Bancshares, Inc. Employees Stock Fed Reg – 02/25/2002 

Ownership Plan, Swayzee, Indiana, for prior approval to acquire Newspaper – 02/18/2002 

additional shares to increase control from 31.99 percent to 33.28 

percent of the voting shares of Grant County State Bancshares, 

Inc., Swayzee, Indiana and thereby indirectly acquire Grant 

County State Bank, Swayzee, Indiana.* 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(1) & 4(c)(8) Savanna-Thomson Investment, Inc., Fulton, Illinois, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Thomson 

Investment Company, Inc., Thomson, Illinois and thereby 

indirectly acquire Savanna State Bank, Savanna, Illinois and 

Thomson State Bank, Thomson, Illinois and to engage in the 

activity of making and servicing loans through the establishment 

of Thomson LLC, Fulton, Illinois* 

Fed Reg – 03/05/2002 

Newspaper – 03/02/2002 

3(a)(1) SBN Community Bancorp, Inc., Newburg, Wisconsin, to 

become a bank holding company by acquiring 100 percent of 

State Bank of Newburg, Newburg, Wisconsin. 

Fed Reg – 03/25/2002 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Branch Arvest Bank, Fayetteville, Arkansas, to merge with WestStar 

Bank, Bartlesville, Oklahoma; Arvest Bank, Duncan, Oklahoma 

Arvest Bank, Norman, Oklahoma; and Arvest Bank, Shawnee, 

Oklahoma. Also, Arvest Bank, Fayetteville, Arkansas, to retain 

the acquired facilities as branch offices.* 

Newspaper –N/Avail 

Branch Bank of Iberia, Iberia, Missouri, to etablish a branch facility to 

be located at Cash-James Loop Road & Highway 17, 

Waynesville, Missouri.* 

Newspaper – 03/01/2002 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) First Staunton Bancshares, Inc., Staunton, Illinois, to acquire Newspaper – 03/15/2002 

100 percent of Hamel Bancorp, Inc., Hamel, Illinois, and Fed Reg – 03/15/2002 

thereby indirectly acquire Hamel State Bank, Hamel, Illinois.* 

(Previously submitted during the week ending February 16, 

2002) 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Allegiant Bancorp, Inc., St. Louis, Missouri, to engage in Fed Reg – 03/12/2002 

community development activities. (Previously submitted during 

the week ending February 16, 2002) 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) First Financial Corporation, Arthur, North Dakota, to acquire Fed Reg – N/Avail 

100% of Omega City Holding Company, La Moure, North Newspaper – N/Avail 

Dakota, and thereby indirectly acquire First State Bank of La 

Moure, La Moure, North Dakota.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Commitment H. R. Financial , Inc., Blair, Wisconsin, requests modification of 

two commitments. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) BFM Bancshares, Inc., Kingman, Kansas, for prior approval to Newspaper – 03/02/2002 

acquire 100 percent of the voting shares of Citizens National Fed Reg – 03/08/2002 

Bank and Trust, Anthony, Kansas. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC The Jeff Austin, Jr. Dynasty Trust and The Laural P. (“Sissy”) Fed Reg – N/Avail 

Austin Dynasty Trust, both of Jacksonville, TX, to acquire an Newspaper – N/Avail 

interest in JSA Family Limited Partnership, Jacksonville, TX 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, February 23, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) HomeTown Financial Services, Inc., to become a bank holding Newspaper – 3/01/2002 

company by acquiring 100 percent of HomeTown National Bank, Fed Reg – 3/25/2002 

both of Longview, Washington.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

777366 Bank of the Orient 10/15/2001 02/21/2002 S X 

233 Sansome Street 

San Francisco, CA 94104-2395 

(415) 338-0668 

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 for Quarter of 

Institution Location 

None