Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 46 

Week Ending November 17, 2001 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions November 11, 2001 to November 17, 2001 

Enforcement 

Cerritos Valley Bancorp, Artesia, California, and Cerritos Valley Bank -- written 

agreement dated October 15, 2001, with the Federal Reserve Bank of San Francisco. 

- Announced, November 16, 2001 

State Bank of India, Mumbai, India; its New York, New York, and Chicago, Illinois, 

branches; and its Los Angeles, California, agency -- joint interagency issuance of a cease 

and desist order and order of assessment of a civil money penalty and monetary payment. 

- Announced, November 14, 2001 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority November 11, 2001 to November 17, 2001 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

Atlanta 

Citizens Trust Bank, Atlanta, Georgia -- to establish a branch in Stonecrest Mall at 2929 

Turner Hill Road, Suite 2850, Lithonia. 

- Approved, November 15, 2001 

New York 

HSBC Bank USA, Buffalo, New York -- to establish a branch at Pacific Renaissance 

Plaza, 388 9th Street, Oakland, California. 

- Approved, November 16, 2001 

Bank Holding Companies 

Cleveland 

Fidelity Bancorp, Pittsburgh, Pennsylvania -- waiver of application requirement in 

connection with the proposed merger of Fidelity Bancorp's subsidiary bank, Fidelity 

Savings Bank, with Carnegie Savings Bank, FSB, and the proposed acquisition of 

Carnegie Savings Bank's parent holding company, Carnegie Financial Corporation. 

- Granted, November 9, 2001 (AC) 

Atlanta 

First Georgia Community Corp., Jackson, Georgia -- commitment waiver request. 

- Granted, November 15, 2001 

Richmond 

First Sentry Bancshares, Inc., Huntington, West Virginia -- to become a bank holding 

company through the acquisition of First Sentry Bank, Inc. 

- Approved, November 16, 2001 

Richmond 

FNB Corporation, Christiansburg, Virginia -- to acquire Salem Community Bankshares, 

Inc., Salem, and Salem Bank & Trust, N.A. 

- Approved, November 15, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 5 
H.2 Actions under delegated authority November 11, 2001 to November 17, 2001 

Bank Holding Companies 

Atlanta 

FNC S-Corp, Douglas, Georgia -- to become a bank holding company through the 

acquisition of FNC Bancorp, Inc., and its subsidiary bank, First National Bank of Coffee 

County. 

- Returned, November 13, 2001 

Dallas 

National United Bancshares, Inc., Gatesville, Texas -- to become a bank holding 

company through the acquisition of National United Holdings, Inc., Wilmington, 

Delaware, and National Bank, Gatesville; and for National United Holdings, Inc. to 

become a bank holding company through the acquisition of National Bank. 

- Approved, November 16, 2001 

Cleveland 

PHSB Financial Corporation, Beaver Falls, Pennsylvania -- to become a bank holding 

company through the acquisition of Peoples Home Savings Bank. 

- Approved, November 13, 2001 

St. Louis 

PRP Bancorp, Inc., Corbin, Kentucky -- to become a bank holding company through the 

acquisition of PRP National Bank, Pleasure Ridge Park. 

- Approved, November 6, 2001 (AC) 

Minneapolis 

State Bancshares, Inc., Fargo, North Dakota -- to acquire State Bank of Moorhead, 

Moorhead, Minnesota. 

- Withdrawn, November 16, 2001 

Minneapolis 

Superior National Banc Holding Company, Superior, Wisconsin -- to become a bank 

holding company through the acquisition of Superior National Bank. 

- Approved, November 14, 2001 

Cleveland 

UNB Corp., Canton, Ohio -- to acquire BancFirst Ohio Corp., Zanesville, and its 

subsidiary bank, The First National Bank of Zanesville. 

- Approved, November 15, 2001 

(AC) = Addition or Correction Delegated - Page 2 of 5 
H.2 Actions under delegated authority November 11, 2001 to November 17, 2001 

Bank Holding Companies 

Richmond 

United Bankshares, Inc., Charleston, West Virginia -- to acquire Century Bancshares, 

Inc., Washington, D.C., and for United Bankshares' subsidiary bank, United Bank, 

Fairfax, Virginia, to merge with Century Bancshares' subsidiary bank, Century National 

Bank, Washington, D.C. 

- Approved, November 15, 2001 

Bank Mergers 

St. Louis 

First Bank, Creve Coeur, Missouri -- to merge with Union Bank of Illinois, Swansea, 

Illinois, and The State Bank of Jerseyville, Jerseyville, and to establish branches at the 

acquired institutions. 

- Approved, November 13, 2001 

St. Louis 

First Community Bank, Xenia-Flora, Xenia, Illinois -- to merge with First Community 

Interim Bank. 

- Withdrawn, November 13, 2001 

Change In Bank Control 

Minneapolis 

State Bancshares of Ulen, Inc., Dilworth, Minnesota -- change in bank control. 

- Permitted, November 15, 2001 

Competitive Factors Reports 

St. Louis 

Bank of Commerce, Trenton, Tennessee -- report on competitive factors of the proposed 

purchase of certain assets and assumption of certain deposit liabilities of Peoples State 

Bank of Commerce, Grant, Alabama. 

- Submitted, November 13, 2001 

Atlanta 

Citizens & Southern Bank, Savannah, Georgia, a de novo bank -- report on competitive 

factors of the proposed acquisition of the Savannah branch of The Tattnall Bank, 

Reidsville. 

- Submitted, November 15, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 5 
H.2 Actions under delegated authority November 11, 2001 to November 17, 2001 

Competitive Factors Reports 

Chicago 

Farmers State Bank, Schleswig, Iowa -- report on competitive factors of the proposed 

merger with Bank Iowa, Denison. 

- Submitted, November 16, 2001 

Chicago 

First Security Bank and Trust Company, Charles City, Iowa -- report on competitive 

factors of the proposed acquisition of the Charles City branch of Northwest Federal 

Savings Bank, Spencer. 

- Submitted, November 16, 2001 

Atlanta 

Merchants and Farmers Bank, Donalsonville, Georgia -- report on competitive factors of 

the proposed purchase of assets and assumption of liabilities of the Colquitt branch of 

Security Bank and Trust Company, Albany. 

- Submitted, November 15, 2001 

Minneapolis 

U.S. Bank National Association, Cincinnati, Ohio -- report on competitive factors of the 

proposed merger with U.S. Bank Trust, N.A., Phoenix, Arizona; U.S. Bank Trust N.A., 

San Francisco, California; U.S. Bank Trust N.A., Chicago, Illinois; U.S. Bank Trust 

N.A., St. Paul, Minnesota; and U.S. Bank Trust N.A., Seattle, Washington. 

- Submitted, November 13, 2001 

Minneapolis 

U.S. Bank National Association, Montana, Billings, Montana -- report on competitive 

factors of the proposed merger with U.S. Bank Trust, N.A., Montana. 

- Submitted, November 13, 2001 

Minneapolis 

U.S. Bank Trust Interim National Association, Georgia, Atlanta, Georgia -- report on 

competitive factors of the proposed merger with U.S. Bank Trust National Association 

and of the proposed merger of U.S. Bank Trust Interim National Association, New 

York, New York, New York, with U.S. Bank Trust National Association, New York. 

- Submitted, November 13, 2001 

(AC) = Addition or Correction Delegated - Page 4 of 5 
H.2 Actions under delegated authority November 11, 2001 to November 17, 2001 

Competitive Factors Reports 

Richmond 

West Union Bank, West Union, West Virginia -- report on competitive factors of the 

proposed merger with West Union Interim Bank. 

- Submitted, November 16, 2001 

Extensions Of Time 

Atlanta 

Synovus Financial Corp., Columbus, Georgia -- extension to February 28, 2002, to 

merge with FABP Bancshares, Inc., Pensacola, Florida, and thereby acquire First 

American Bank of Pensacola, N.A. 

- Granted, November 13, 2001 

Financial Holding Companies 

Chicago 

Central-State Bancorp, Inc., Traverse City, Michigan -- election to become a financial 

holding company. 

- Effective, November 16, 2001 

Membership 

Kansas City 

InterBank, Elk City, Oklahoma -- to retain membership in the Federal Reserve System 

after conversion to a state-chartered bank. 

- Approved, November 16, 2001 

Regulations And Policies 

Secretary 

Regulation Z (Truth in Lending) -- annual adjustment to the dollar amount that triggers 

additional disclosure requirements for mortgage loans with fees above a certain amount. 

- Published, November 14, 2001 

(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, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3)/3(a)(5) Chittenden Corporation, Burlington, Vermont - to acquire Ocean Newspaper - N/Avail Fed 

National Corporation and its wholly-owned subsidiary, Ocean Reg - N/Avail 

National Bank, both of Kennebunk, Maine 

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, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Banco Popular de Puerto Rico, San Juan, Puerto Rico, to acquire 

the banking business of 3 branches of Banco Bilbao Vizcaya 

Argentaria Puerto Rico, San Juan, Puerto Rico.* 

Newspaper – N/Avail 

Branch Peapack-Gladstone Bank, Gladstone, New Jersey, to open a 

branch office located at 189 Center Street, Clinton, New 

Jersey.* 

Newspaper – 11/18/2001 

Branch The Chase Manhattan Bank to open and occupy a de novo 

branch office on the premises of HEB Branch Company, Inc., a 

super food/drug store at 500 Canyon Ridge Drive, Austin, 

Texas.* 

Newspaper – 12/07/2001 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

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 First Quarter of 2002 

Institution Location 

Community Bank of Bergen County 125 West Pleasant Avenue 

Maywood, NJ 07607 

Chemung Canal Trust Company 1 Chemunt Canal Plaza 

Elmira, NY 14902 

Tioga State Bank 1 North Main Street 

Spencer, NY 14883 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for First Quarter of 2002 

Institution Location 

Suburban Community Bank Chalfont, PA 

The Bank of Landisburg Landisburg, PA 

Landmark Community Bank Pittston, PA 

Republic First Bank Philadelphia, PA 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Received application on 11/13/2001 from Fifth Third Bank, 11/23/2001 

Cincinnati, OH of its intent to establish a branch facility at 3949 

West Powell Rd., Powell, OH. 

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 

Waiver Received request to waive filing an application pursuant to 

Section 3(a)(1) of the Bank Holding Company Act on 

11/16/2001 from FNB Bancshares, Inc., Brooksville, KY to 

merge with FNB Merger Affiliate, Inc., in order to reorganize 

into a Subchapter S corporation. 
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 First Quarter of 2002 

Institution Location 

The State Bank and Trust Company 401 Clinton, Defiance, OH 43512 

The Oakwood Deposit Bank Company 218 North First Street, Oakwood, OH 45873 

The Ottoville Bank Company 161 West Third Street, Ottoville, OH 45876 

The Heartland Bank 850 North Hamilton Road, Gahanna, OH 43230 

Provident Bank 1 East 4th Street, Cincinnati, OH 45202 

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) The First Bank and Trust Company, Lebanon, Virginia, to Newspaper - 12/10/2001 

merge with First Bank and Trust Company of Tennessee, 

Johnson City, Tennessee.* 

*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 

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 

864127 First Commonwealth Bank 

303 West Main Street 

Wise, Virginia 24293-9500 

09/10/2001 11/15/2001 S X

858126 The Bank of Tidewater 

1548 Laskin Road 

Virginia Beach, Virginia 23451-6112) 

09/24/2001 11/16/2001 S X

Section VI – CRA examinations scheduled for First Quarter of 2002 

Institution Location 

Community Bank of Tri-County

First Charter Bank

Centura Bank

Johnsonville State Bank

Highlands Union Bank

Guaranty Bank

Bank of Gassaway

Logan Bank & Trust Company

The Peoples Bank of Mullens

Waldolf, Maryland 

Charlotte, North Carolina 

Rocky Mount, North Carolina 

Johnsonville, South Carolina 

Abingdon, Virginia 

Charlottesville, Virginia 

Gassaway, West Virginia 

Logan, West Virginia 

Mullens, West Virginia 

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Compass Bank, Birmingham, Alabama, to establish a branch 11/09/2001* 

located at the corner of FM 1960 and North Eldredge Parkway, 

Houston, Texas. 

*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 

3(a)(1) First Columbia Bancorp, Inc., Lake City, Florida, to become a 

bank holding company by acquiring Columbia County Bank, 

Lake City, Florida. 

N/Avail* 

3(a)(1) West Metro Financial Services, Inc., Dallas, Georgia, to become 

a bank holding company by acquiring First National Bank of 

West Metro, Dallas, Georgia (in organization). 

N/Avail* 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

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 fourth Quarter of 2001 

Institution Location 

American Bank & Trust of Polk County

Regions Bank

Peoples Bank & Trust Company

First Gulf Bank

The Brand Banking Company

Coconut Grove Bank

United Bank and Trust Company

Capital City Bank

Tennessee State Bank

The Terrace Bank of Florida

Colonial Bank

Lake Wales, Florida

Birmingham, Alabama

Selma, Alabama

Gulf Shores, Alabama

Lawrenceville, Georgia

Miami, Florida

St. Petersburg, Florida

Tallahassee, Florida

Pigeon Forge, Tennessee

Tampa, Florida

Montgomery, Alabama

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, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Alpha Community Bank, Toluca, Illinois, for prior approval to 

establish a mobile branch which will serve Bartonville, Bayview 

Gardens, East Peoria, Peoria, Peoria Heights and Spring Bay, all 

in Illinois.* 

18C & Branches Commercial Trust & Savings Bank, Storm Lake, Iowa, for prior 

approval to acquire through merger Central Trust & Savings 

Bank, Cherokee, Iowa and thereby to establish branch offices at: 

401 W. Main Street, Cherokee, Iowa, 2 Bow Drive, Cherokee, 

Iowa, 119 N. Main Street, Quimby, Iowa, and 301 Main, 

Washta, Iowa.* 

18C & Branches Iowa State Bank, Sheldon, Iowa, for prior approval to acquire 

through merger Iowa State Bank, Orange City, Iowa and thereby 

to establish the following branch offices: 627 2nd Ave., 

Sheldon, Iowa; 103 3rd Ave., Alton, Iowa; 305 Oak Street, 

Craig, Iowa; 105 Albany Ave., Orange City, Iowa, and 308 

Main, Ireton, Iowa.* 

Branch UnionBank/Central, Princeton, Illinois, for prior approval to 

establish a mobile branch which will operate in Bureau and 

Whiteside Counties in Illinois.* 

Newspaper – 11/15/2001 

Newspaper – N/Avail 

Newspaper - N/Avail 

Newspaper – 11/16/2001 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CC Notification by R. Steven Lutterbach, of a Change in Control of 

Alliance Financial Corp., New Buffalo, Michigan. 

Fed Reg – 11/14/2001 

Newspaper – N/Avail 

3(a)(1) Bancshares Holding Corp., Downers Grove, Illinois, for prior 

approval to become a bank holding company through the 

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

Commerce, Downers Grove, Illinois* 

Fed Reg – 12/17/2001 

Newspaper – N/Avail 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(1) CFB Holding Company, Clinton, Iowa, to become a bank 

holding company by acquiring 100 percent of Citizens First 

Bank, Clinton, Iowa.* 

3(a)(1) Home Federal Bancorp, Seymour, Indiana, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of Home Federal Savings Bank, 

Seymour, Indiana.* 

3(a)(3) Independence Bancshares, Inc., Independence, Iowa, for prior 

approval to acquire 100 percent of Fairbank Bancshares Corp., 

Fairbank, Iowa and thereby indirectly acquire Fairbank State 

Bank, Fairbank, Iowa.* 

3(a)(1) Malvern Bancshares, Inc., Malvern, Iowa, for prior approval to 

become a bank holding company by acquiring 100 percent of 

Malvern Trust & Savings Bank, Malvern, Iowa.* 

3(a)(1) Premier Holdings, Ltd., Rock Valley, Iowa, to become a bank 

holding company by acquiring 100 percent of the voting shares 

of Premier Bank, Rock Valley, Iowa.* 

3(a)(1) The Private Banking Company, Hartland, Wisconsin, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Bank of 

Waunakee Employee Stock Ownership Plan, Waunakee, 

Wisconsin and Waunakee Bank Shares, Inc., Waunakee, 

Wisconsin and thereby indirectly acquire Bank of Waunakee, 

Waunakee, Wisconsin.* 

3(a)(1) Spector Properties, Inc., Chicago, Illinois, for prior approval to 

become a bank holding company through the acquisition of 23.8 

percent of the voting shares of Andalusia Community Bank, 

Andalusia, Illinois.* 

Notification by Omar C. Wilhelms and Janice R. Wilhelms, of a 

Change in Control to retain 23.61 percent of Shannon Bancorp, 

Inc., Shannon, Illinois. 

Fed Reg – 12/10/2001 

Newspaper – N/Avail 

Fed Reg – 11/13/2001 

Newspaper – 11/09/2001 

Fed Reg – 11/28/2001 

Newspaper – N/Avail 

Fed Reg – 11/28/2001 

Newspaper – N/Avail 

Fed Reg – 11/26/2001 

Newspaper – N/Avail 

Fed Reg – 11/26/2001 

Newspaper – 11/24/2001 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 11/19/2001 

Newspaper – 11/14/2001 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3(a)(1) Notice Firstate Bancorp, Inc., Mason City, Illinois, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of 1st State Bank of Mason City, 

Mason City, Illinois. 

Membership First Community Bank and Trust, Beecher, Illinois, for prior 

approval to become a member of the Federal Reserve System. 

4(c)(8) First State Bancorp of Monticello, Inc., Monticello, Illinois, for 

prior approval to engage in the extension of credit and servicing 

of loans. 

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 

616540 Security Savings Bank 07/09/2001 11/14/2001 S X 

1015 Market Street 

Gowrie, Iowa 50543 

(515) 544-3281 

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, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Notice by Community First Financial Group, Inc., Corydon, Newspaper – 12/3/2001 

Indiana, to acquire Harrington Bank, FSB, Chapel Hill, North Fed Reg – 12/10/2001 

Carolina (in organization). (Previously submitted during the 

week ending November 10, 2001. Federal Register date was 

incorrect) * 

* Subject to the provisions of the Community Reinvestment Act 

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 

363844 The State Bank of Jerseyville 

Jerseyville, Illinois 

7/30/2001 11/15/2001 O X

966348 Simmons First Bank 7/23/2001 11/16/2001 S X 

Searcy, Arkansas 

Section VI – CRA examinations scheduled for First Quarter of 2002 

Institution Location 

Arvest Bank

McIlroy Bank and Trust

First Arvest Bank

First State Bank of St. Peter

Teutopolis State Bank

The Callaway Bank

Bentonville, Arkansas 

Fayetteville, Arkansas 

Siloam Springs, Arkansas 

St. Peter, Illinois 

Teutopolis, Illinois 

Fulton, Missouri 

Farmers and Merchants Bank and Trust Company Hannibal, Missouri 

Bank of Louisiana Louisiana, Missouri 

Southern Commercial Bank St. Louis, Missouri 

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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(5) United Bancor, Ltd., Dickinson, North Dakota, for prior Fed. Reg. – 12/14/2001 

approval to merge with Bismarck Bancshares, Inc., Bismarck, Newspaper – N/Avail. 

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 

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 First Quarter of 2002 

Institution Location 

American State Bank of Grygla

First Citizens Bank of Butte

Valley Bank of Glasgow

Community Bank-Missoula, Inc.

The State Bank of Townsend

Farmers State Bank

First Western Bank and Trust

Dacotah Bank

Sunrise Bank Dakota

American State Bank of Rapid City

Grygla, Minnesota

Butte, Montana

Glasgow, Montana

Missoula, Montana

Townsend, Montana

Victor, Montana

Minot, North Dakota

Aberdeen, South Dakota

Onida, South Dakota

Rapid City, South Dakota
Section VI – CRA examinations scheduled for First Quarter of 2002 

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. 

Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If 

an institution’s examination is rescheduled for a date later than the end of the date range reflected in a published 

schedule, the institution’s name will be republished in an appropriate later listing. Any comments received as a 

result of either the first publication or subsequent publications will be considered during the examination. 

Written comments regarding the CRA performance of these institutions should be directed to Mr. James Colwell 

at the Federal Reserve Bank of Minneapolis, Banking Supervision Department, P. O. Box 291, Minneapolis, 

Minnesota 55480-0291. 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) Central Financial Corporation, Hutchinson, Kansas, for prior Newspaper – N/Available 

approval to increase its ownership to 8.91 percent of the voting Fed Reg – 12/17/2001 

shares of NorthStar Bancshares, Inc., parent of NorthStar Bank, 

both of Kansas City, Missouri. 

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 

405959 F & M Bank & Trust Company 

1330 S. Harvard 

Tulsa, Oklahoma 74159 

08/13/2001 11/13/2001 S X

672957 Citizens State Bank 

190 N. Main Street 

Polk, Nebraska 68654 

08/27/2001 11/16/2001 S X

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Plaza Bank, San Antonio, TX, to establish a branch office at 615 11/23/2001 

NW Loop 410, Suite 100, San Antonio, TX, 78216* 

*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) Krum Bancshares, Inc., Krum, TX, to acquire Krum Bancshares 

of Delaware, Inc., Dover, DE, and Farmers and Merchants State 

Bank, Krum, TX* 

Fed Reg – 12/14/2001 

Newspaper – N/Avail 

3(a)(1) Krum Bancshares of Delaware, Inc., Dover, DE, to acquire 

Farmers and Merchants State Bank, Krum, TX* 

Fed Reg – 12/14/2001 

Newspaper – N/Avail 

3(a)(3) Central Texas Bankshare Holdings, Inc., Columbus, TX, and 

Colorado County Investment Holdings, Inc., Wilmington, DE, to 

acquire Hill Bancshares Holdings, Inc., Weimar, TX, Hill 

Bancshares, Inc., Wilmington, DE, and Hill Bank and Trust 

Company, Weimar, TX* (previously reported the week ending 

November 10, 2001) 

Fed Reg – 12/13/2001 

Newspaper – 12/01/2001 

*Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 
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, November 17, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Siuslaw Financial Group, Inc., to become a bank holding Newspaper - 11/16/2001 

company by acquiring Siuslaw Valley Bank, both of Florence, Fed Reg - 12/17/2001 

Oregon. * 

* 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 First Quarter of 2002 

Institution Location 

Comerica Bank

County Bank

Farmers & Merchants Bank

Harris Trust Bank

Liberty Bank

Santa Lucia Bank

Valley Bank of Arizona

San Jose, California

Merced, California

Lodi, California

Scottsdale, Arizona

South San Francisco, California

Santa Maria, California

Phoenix, Arizona

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.