Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 38 

Week Ending September 22, 2001 

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions September 16, 2001 to September 22, 2001 

Testimony And Statements 

Condition of the Financial Markets -- statement by Chairman Greenspan before the 

Senate Committee on Banking, Housing, and Urban Affairs. 

- Published, September 20, 2001 

Board Operations 

Division of International Finance -- promotion of Richard Freeman, William Helkie, 

and Steven Kamin to Deputy Associate Directors; appointment of Jon Faust, Joseph 

Gagnon, Michael Leahy, and D. Nathan Sheets as Assistant Directors; and 

assignment of general oversight responsibility for the division's activities to David 

Howard, Deputy Director. 

- Approved, September 19, 2001 

Discount Rates 

Discount Rates -- decrease from 3 percent to 2-1/2 percent by twelve Federal 

Reserve Banks. 

- Approved, September 17, 2001 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority September 16, 2001 to September 22, 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

International Fiance

Office of Staff Director for Management

Bank Branches, Domestic

Richmond 

Bank of Clarke County, Berryville, Virginia -- to establish a branch at 1460 North 

Frederick Pike, Winchester. 

- Approved, September 20, 2001 

Kansas City 

Bank of Colorado, Fort Lupton, Colorado -- to establish a branch at 605 Fourth 

Street. 

- Approved, September 19, 2001 

New York 

The Chase Manhattan Bank, New York, New York -- to establish a branch at the 

Hub Shopping Center, Fulton and Bell Streets, Hempstead. 

- Approved, September 17, 2001 

Atlanta 

Compass Bank, Birmingham, Alabama -- to establish branches at the intersections of 

Chandler Boulevard and North Price Road, Chandler, Arizona, and Preston Road 

and Stone Crest Road, Frisco, Texas. 

- Approved, September 17, 2001 

Chicago 

Frontier Savings Bank, Council Bluffs, Iowa -- to establish a branch in the 500 block 

of 23rd Avenue. 

- Approved, September 19, 2001 

Chicago 

Johnson Bank, Racine, Wisconsin -- to establish a branch at 525 Junction Road, 

Madison. 

- Returned, September 20, 2001 

Atlanta 

Pointe Bank, Boca Raton, Florida -- to establish a branch at 500 South Pointe Drive, 

Miami Beach, Florida. 

- Approved, September 19, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Bank Branches, Domestic

Atlanta 

Atlanta 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish branches at 1201 Main 

Street, Columbia, South Carolina, and 3535 Wheeler Road, Augusta, Georgia. 

- Approved, September 18, 2001 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 3336 Hebron 

Parkway, Carrollton, Texas. 

- Approved, September 19, 2001 

SunTrust Bank, Atlanta, Georgia -- to establish branches at 2900 Delk Road, 

Marietta; 3870 Peachtree Industrial Boulevard, Duluth; 5727 Burke Center, Burke, 

Virginia; 5980 Kingstown Center, Alexandria; and 10 King Street, Waldorf, 

Maryland. 

- Approved, September 17, 2001 

Chicago 

Warren Bank, Warren, Michigan -- to establish a branch on Garfield Road, Clinton 

Township. 

- Approved, September 21, 2001 

Bank Holding Companies 

San Francisco 

Alliance Bancshares California, Culver City, California -- to become a bank holding 

company with respect to Alliance Bank. 

- Approved, September 17, 2001 

Boston 

Boston Private Financial Holdings, Inc., Boston, Massachusetts -- to acquire Borel 

Bank and Trust Company, San Mateo, California. 

- Approved, September 21, 2001 

San Francisco 

FNB Bancorp, South San Francisco, California -- to become a bank holding 

company with respect to First National Bank of Northern California. 

- Approved, September 21, 2001 

(AC) = Addition or Correction Delegated - Page 2 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Bank Holding Companies 

Richmond 

FNB Corporation, Christiansburg, Virginia -- to acquire FNB National Association, 

Roanoke. 

- Approved, September 21, 2001 

Kansas City 

Howard County Land and Cattle Company, Saint Paul, Nebraska -- to acquire shares 

of Citizens National Bank, Loup City, a de novo bank. 

- Approved, September 21, 2001 

Chicago 

Marshall & Ilsley Corporation, Milwaukee, Wisconsin -- to acquire, through 

Metavante Corporation, the assets of Brokat Technologies Inc., a Delaware 

corporation, and Brokat Technologies AFS, Inc., a New York corporation, and 

thereby engage in data processing activities. 

- Approved, September 18, 2001 

Philadelphia 

Mauch Chunk Trust Financial Corp, Jim Thorpe, Pennsylvania -- to become a bank 

holding company through the acquisition of Mauch Chunk Trust Company. 

- Approved, September 18, 2001 

New York 

Atlanta 

Atlanta 

Popular, Inc., San Juan, Puerto Rico; Popular International Bank, Inc.; and Popular 

North America, Inc., Marlton, New Jersey -- to purchase, through Equity One, Inc., 

Marlton, certain assets of Money Line Mortgage, Inc., Englewood, Colorado, and 

thereby engage in extending credit and servicing loans. 

- Approved, September 7, 2001 (AC) 

United Community Banks, Inc., Blairsville, Georgia -- to acquire Peoples Bancorp, 

Inc., Carrollton, and Peoples Bank of West Georgia. 

- Approved, September 21, 2001 

Whitney Holding Corporation, New Orleans, Louisiana -- to merge with Redstone 

Financial, Inc., Houston, Texas, and thereby acquire Northwest Bank, N.A. 

- Approved, September 21, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Bank Mergers

Atlanta 

Riverside Bank of the Gulf Coast, Cape Coral, Florida -- to acquire certain assets 

and assume certain liabilities of BankAtlantic, A Federal Savings Bank, Fort 

Lauderdale. 

- Approved, September 19, 2001 

Cleveland 

Sky Bank-Mid Am Region, Toledo, Ohio -- to purchase the assets and assume the 

liabilities of 10 Michigan branches of Standard Federal Bank, Troy, Michigan, and 

thereby establish branches. 

- Approved, September 20, 2001 

Minneapolis 

The State Savings Bank of Manistique, Manistique, Michigan -- to acquire certain 

assets and assume the liabilities of the Curtis and Naubinway branches of North 

Country Bank & Trust, Traverse City, and thereby establish branches. 

- Approved, September 19, 2001 

Banks, Foreign

Director, BS&R 

Abbey National Treasury Services plc, London, England -- to establish a branch in 

Stamford, Connecticut. 

- Approved, September 17, 2001 

Director, BS&R 

Royal Bank of Canada, Montreal, Canada -- waiver of remainder of notification 

period to establish a representative office in Wilmington, Delaware. 

- Granted, September 17, 2001 

Banks, Nonmember, And Miscellaneous Institutions

Dallas 

AgTexas Farm Credit Services, Lubbock, Texas -- deregistration under Regulation U. 

- Approved, September 18, 2001 

(AC) = Addition or Correction Delegated - Page 4 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Banks, Nonmember, And Miscellaneous Institutions

Kansas City 

Farm Credit Services of the Mountain Plains, ACA, Greeley, Colorado -- registration 

under Regulation U. 

- Approved, September 17, 2001 

Kansas City 

Williams Communication Group, Inc., Tulsa, Oklahoma -- registration under 

Regulation U. 

- Approved, September 17, 2001 

Change In Bank Control

Minneapolis 

Belle Fourche Bancshares, Inc., Belle Fourche, South Dakota -- change in bank 

control. 

- Permitted, September 18, 2001 

Minneapolis 

Commercial Holding Company, Wagner, South Dakota -- change in bank control. 

- Permitted, September 19, 2001 

Dallas 

La Grange Bancshares, Inc., La Grange, Texas -- change in bank control. 

- Permitted, September 21, 2001 

Competitive Factors Reports

San Francisco 

All Merger Company, Culver City, California -- report on competitive factors of the 

proposed merger with Alliance Bank. 

- Submitted, September 17, 2001 

San Francisco 

American West Bank, National Association, Ephrata, Washington -- report on 

competitive factors of the proposed merger with American West Bank, Spokane. 

- Submitted, September 20, 2001 

(AC) = Addition or Correction Delegated - Page 5 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Competitive Factors Reports

Kansas City 

Bank Midwest, National Association, Kansas City, Missouri -- report on competitive 

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

of the Kirkwood branch of Bank Star, Pacific. 

- Submitted, September 17, 2001 

Richmond 

Bank of Davie, Mocksville, North Carolina -- report on competitive factors of the 

proposed merger with Bank of the Carolinas, Landis. 

- Submitted, September 17, 2001 

Kansas City 

Community National Bank, Chanute, Kansas -- report on competitive factors of the 

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

branch of Commercial Federal Bank, FSB, Omaha, Nebraska. 

- Submitted, September 17, 2001 

Chicago 

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

proposed merger with FSB Transitory Corporation, Clarinda. 

- Submitted, September 19, 2001 

Kansas City 

Farnam Bank, Farnam, Nebraska -- report on competitive factors of the proposed 

merger with the Cambridge branch of Home Federal Savings and Loan Association 

of Nebraska, Lexington. 

- Submitted, September 17, 2001 

Richmond 

Gaston Federal Bank, Gastonia, North Carolina -- report on competitive factors of 

the proposed merger with Citizens Bank, Inc., Salisbury. 

- Submitted, September 21, 2001 

Kansas City 

Kearney Trust Company, Kearney, Missouri -- report on competitive factors of the 

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

Kearney branch of Community Bank-Excelsior Springs, Excelsior Springs. 

- Submitted, September 17, 2001 

(AC) = Addition or Correction Delegated - Page 6 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Competitive Factors Reports

Kansas City 

Labette County State Bank, Altamont, Kansas -- report on competitive factors of the 

proposed merger with the McCune branch of Commerce Bank, N.A., Kansas City, 

Missouri. 

- Submitted, September 17, 2001 

Kansas City 

Sunflower Bank, National Association, Salina, Kansas -- report on competitive 

factors of the proposed merger with First National Bank of Canon City, Canon City, 

Colorado. 

- Submitted, September 17, 2001 

San Francisco 

Sunwest Bank, Tustin, California -- report on competitive factors of the proposed 

merger with West Coast Bancorp. 

- Submitted, September 17, 2001 

San Francisco 

Washington Mutual Bank, F.A., Chatsworth, California -- report on competitive 

factors of the proposed purchase of 13 California branches of Washington Mutual 

Bank, Seattle, Washington. 

- Submitted, September 17, 2001 

Extensions Of Time

Atlanta 

Capital Bank, Montgomery, Alabama -- extension to December 18, 2001, to become 

a member of the Federal Reserve System. 

- Granted, September 18, 2001 

Dallas 

First National Bank Group, Inc., Edinburg, Texas -- extension to December 18, 

2001, to acquire Alamo Corporation of Texas, Alamo, and Alamo Bank of Texas. 

- Granted, September 19, 2001 

(AC) = Addition or Correction Delegated - Page 7 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Extensions Of Time

Kansas City 

Morrill Bancshares, Inc., Sabetha, Kansas; Morrill & Janes Bancshares, Inc., 

Hiawatha; First Centralia Bancshares, Inc., Centralia; Onaga Bancshares, Inc., 

Onaga; and Davis Bancorporation, Inc., Davis, Oklahoma -- extensions to October 

16, 2002, to acquire shares of FBC Financial Corporation, Claremore, Oklahoma, 

and to engage in operating a savings association. 

- Granted, September 21, 2001 

San Francisco 

Northrim BanCorp, Inc., Anchorage, Alaska -- extension to December 14, 2001, to 

acquire Northrim Bank. 

- Granted, September 21, 2001 

Chicago 

Shorebank Corporation, Chicago, Illinois -- extension to September 14, 2002, to 

establish, through Shorebank Advisory Services, Inc., Shorebank Advisory Services 

Mexico, Leon, Mexico, and thereby engage in community development investment 

advisory services. 

- Granted, September 18, 2001 

Financial Holding Companies

Director, BS&R 

Abbey National Treasury Services plc, London, England, and Abbey National plc --

election to be treated as financial holding companies on establishment by Abbey 

National Treasury Services of a branch in Stamford, Connecticut. 

- Effective, September 18, 2001 

Minneapolis 

Belle Fourche Bancshares, Inc., Belle Fourche, South Dakota -- election to become a 

financial holding company. 

- Effective, September 21, 2001 

Cleveland 

First Commerce Bancorp, Somerset, Kentucky -- election to become a financial 

holding company. 

- Effective, September 21, 2001 

(AC) = Addition or Correction Delegated - Page 8 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Financial Holding Companies

Secretary 

First Financial Bankshares, Inc., Abilene, Texas, and First Financial Bankshares of 

Delaware, Inc., Wilmington, Delaware -- election to become financial holding 

companies. 

- Effective, September 21, 2001 

San Francisco 

Ireland Bancorp, Malad City, Idaho -- election to become a financial holding 

company. 

- Effective, September 20, 2001 

International Operations

Director, BS&R 

J.P. Morgan Chase & Co., New York, New York -- to amend the articles of 

association of its Edge corporation subsidiaries for Chase Manhattan International, 

Inc. to change its name to J.P. Morgan International Inc. and for Chase Manhattan 

International Finance Ltd. to change its name to J.P. Morgan International Finance 

Limited and to change the location of its home office to Newark, Delaware. 

- Approved, September 17, 2001 

Membership

Kansas City 

CSB Bank, Claycomo, Missouri -- membership in the Federal Reserve System. 

- Approved, September 19, 2001 

Richmond 

Sandy Spring Bank, Olney, Maryland -- membership in the Federal Reserve System. 

- Approved, September 17, 2001 

Regulations And Policies

Secretary 

Policy Statement on Payments System Risk -- extension to November 16, 2001, of 

the public comment period on the potential long-term direction of this policy 

[Docket No. R-1111]. 

- Approved, September 21, 2001 

(AC) = Addition or Correction Delegated - Page 9 of 10 
H.2 Actions under delegated authority September 16, 2001 to September 22, 2001 

Regulations And Policies

FOMC

Short-term Interest Rates -- decrease in the target for the federal funds rate from 3-

1/2 percent to 3 percent. 

- Approved, September 17, 2001 

(AC) = Addition or Correction Delegated - Page 10 of 10 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, September 22, 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) Williamstown Mutual Holding Company (in formation), 

Williamstown, Massachusetts – application to become a mutual 

holding company through the acquisition of Williamstown 

Savings Bank, Williamstown, Massachusetts 

3(a)(3) Berkshire Financial Services, Inc., Lee, Massachusetts – 

application to acquire Freedom National Bank, Greenville, 

Rhode Island, a de novo bank 

3(a)(1)/3(a)(3) Westfield Mutual Holding Company, Westfield, Massachusetts 

- application to form a second tier stock bank holding company 

Westfield Financial Inc., Westfield, Massachusetts 

Newspaper – 10/13/2001 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 10/22/2001 

Newspaper – N/Avail 

Fed Reg – 10/22/2001 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(C)(8) Camden National Corporation, Camden, Maine – notification to Fed Reg – 10/11/2001 

acquire Trust Company of Maine, Inc., Bangor, Maine pursuant 

to the Bank Holding Company Act of 1956 
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, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Representative 

Office 

Banca Comerciala Romana S.A., Bucharest, Romania, to 

establish a representative office in New York, New York.* 

Newspaper – N/Avail 

Representative 

Office 

Royal Bank of Canada, Montreal, Canada, to establish a 

representative office in Wilmington, Delaware.* 

Newspaper – N/Avail 

Branch NCF Bank Plc (formerly known as Nordea Companies Finland 

(NCF) Plc formerly known as MeritaNordbanken Plc), to 

establish a state-licensed branch at 437 Madison Avenue, New 

York, New York.* 

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 

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, September 22, 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 Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, September 22, 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 Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch The Page Valley Bank, Luray, Virginia, to establish a branch 

at 600 Third Street, Shenandoah, Virginia.* 

Newspaper - 10/01/2001 

Branch Gateway Bank & Trust Co., Elizabeth City, North Carolina, to 

establish a branch at 300-D Virginia Road, Edenton, North 

Carolina.* 

Newspaper - 10/05/2001 

*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 

3(a)(3) Catawba Valley Bankshares, Inc., Hickory, North Carolina, to Fed Reg - 10/18/2001 

acquire First Gaston Bank of North Carolina, Gastonia, North Newspaper - 10/12/2001 

Carolina.* 

*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 

25 Bank of America, N.A., Charlotte, North Carolina, to establish 

a branch office in Toronto, Canada. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

4(c)(8) Community Bankshares, Inc., Orangeburg, South Carolina, to 

acquire Resource Mortgage, Inc., Columbia, South Carolina. 

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, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) SouthTrust Bank, Birmingham, Alabama, to merge with Bank of 

Tidewater, Virginia Beach, Virginia. 

N/Avail* 

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

located at 1550 W. Boynton Beach Boulevard, Boynton Beach, 

Florida. 

09/21/2001*

*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) FirstCity Bancorp, Inc., Gibson, Georgia, to become a bank 

holding company by acquiring FirstCity Bank, Gibson, Georgia 

(formerly Bank of Gibson). 

N/Avail* 

3(a)(1) South Group Bancshares, Inc., Glennville, Georgia, to become a 

bank holding company by acquiring South Georgia Bank, 

Glennville, Georgia. 

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 Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Comerica Bank, Detroit, Michigan, for prior approval to 

establish branches at 23120 Allen Road, Woodhaven, Michigan 

and 260 Brown Road, Auburn Hills, Michigan.* 

Branch 1st Source Bank, South Bend, Indiana, for prior approval to 

acquire the Fort Wayne, Huntington, Bluffton, New Haven, 

Columbia City and Auburn, Indiana branches of Standard 

Federal Bank, Troy, Michigan and thereby to establish 13 

branches.* 

Branch Marquette Bank, Chicago, Illinois, for prior approval to establish 

a branch at the southwest corner of Route 30 and Joliet 

Highway, New Lenox, Illinois.* 

Branch Michigan Heritage Bank, Farmington Hills, Michigan, for prior 

approval to establish a branch at 21211 Haggerty Road, Novi, 

Michigan.* 

Branch Warren Bank, Warren, Michigan, for prior approval to establish 

a branch at approximately 38876 Garfield Road, Clinton 

Township, Michigan.* 

Newspaper – 9/21/2001 

Newspaper – 9/20/2001 

Newspaper – 9/26/2001 

Newspaper – 8/16/2001 

Newspaper – 9/14/2001 

* 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 J. D. Bergman Corporation, Hinsdale, Illinois 

and Jay D. Bergman, of a Change in Control to acquire 

additional voting shares of American Heartland Bancshares, 

Inc., Sugar Grove, Illinois. 

CC Helen M. Paul proposes to acquire an additional 50 shares of 

APM Bancorp, Inc., Buffalo, Iowa. 

3(a)(3) Capitol Bancorp, Ltd., Lansing, Michigan and Sun Community 

Bancorp Limited, Phoenix, Arizona, for prior approval to 

acquire 51 percent of the voting shares of Napa Community 

Bank (in organization), Napa, California.* 

Fed Reg – 10/02/2001 

Newspaper – 10/01/2001 

Fed Reg – 9/19/2001 

Newspaper – 9/21/2001 

Fed Reg – 9/28/2001 

Newspaper – 9/22/2001 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(1) Eagle Bancshares, Inc., Cashton, Wisconsin, for prior approval 

to become a bank holding company through the acquisition of 

100 percent of the outstanding shares of Cashton Bancshares, 

Inc., Cashton, Wisconsin and thereby indirectly Bank of 

Cashton, Cashton, Wisconsin.* 

4(c)(8) FBOP Corporation, Oak Park, Illinois, for prior approval to 

acquire 100 percent of the voting shares of Bank Plus 

Corporation, Los Angeles, California and thereby indirectly 

acquire Fidelity Federal Bank, FSB, Glendale, California and 

thereby engage in operating a savings association.* 

3(a)(1) First California Northern Bancorp, Napa, California, for prior 

approval to become a bank holding company through the 

acquisition of 51 percent of the voting shares of Napa 

Community Bank (in organization), Napa, California.* 

3(a)(3) Great River Financial Group, Inc., Burlington, Iowa, for prior 

approval to acquire 100% of Southeast Security Bank, 

Mediapolis, Iowa.* 

3(a)(3) Mid-Iowa Bancshares Co., Algona, Iowa, for prior approval to 

acquire in excess of 5% but not to exceed 10% of Horizon Bank 

(in organization), Encino, California.* 

3(a)(3) Northstar Financial Group, Inc., Bad Axe, Michigan, for prior 

approval to acquire 100 percent of the voting shares of Seaway 

Community Bank (in organization), St. Clair, Michigan.* 

3(a)(3) Prairieland Employee Stock Ownership Plan, Bushnell, Illinois, 

for prior approval to acquire 45.85 percent of the voting shares 

of Prairieland Bancorp, Inc., Bushnell, Illinois and thereby 

indirectly acquire Farmers and Merchants State Bank, Bushnell, 

Illinois.* 

3(a)(3) River Valley Bancorp, Inc., Eldridge, Iowa, for prior approval to 

acquire 100 percent of State Bank of Latham, Latham, Illinois.* 

Notification by John G. Rosholt, of a Change in Control to retain 

control, and by Gary C. Rosholt to acquire control, of Rosholt 

Bancorporation, Inc., Rosholt, Wisconsin. 

Fed Reg – 9/20/2001 

Newspaper – 9/21/2001 

Fed Reg – 10/09/2001 

Newspaper – N/Avail 

Fed Reg – 9/28/2001 

Newspaper – 9/22/2001 

Fed Reg – 9/28/2001 

Newspaper – 9/28/2001 

Fed Reg – 9/11/2001 

Newspaper – 9/22/2001 

Fed Reg – 10/12/2001 

Newspaper – N/Avail 

Fed Reg – 10/05/2001 

Newspaper – 10/03/2001 

Fed Reg – 9/28/2001 

Newspaper – N/Avail 

Fed Reg – 8/27/2001 

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 

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

Type Application 

Regulation K Shorebank Corporation, Chicago, Illinois, for prior approval to 

establish Shorebank Advisory Services Romania, Bucharest, 

Romania, and thereby to engage in the activity of providing 

community development investment advisory. 

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 

457547 Union Bank 4/16/2001 9/21/2001 O X 

201 E. Main Street 

Streator, Illinois 61364-2977 

(815) 673-3333 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, September 22, 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) Notice by Clover Leaf Financial Corp., Edwardsville, Illinois, to 

acquire 100 percent of Clover Leaf Bank, S.B., Edwardsville, 

Illinois.* 

Newspaper – N/Avail. 

Fed Reg – N/Avail. 

CIC Notice involving Riverside Bancshares, Inc., Little Rock, 

Arkansas, by Stephen C. Davis, Little Rock, Arkansas, to retain 

33.33 percent. 

Newspaper – N/Avail. 

Fed Reg – 10/12/2001 

* 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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, September 22, 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) Credit Riviere Bancorporation, Inc., Austin, Texas, for prior 

approval to become a bank holding company through the 

acquisition of 100% of the voting shares of First State Bank of 

Sinai, Sinai, South Dakota.* 

3(a)(1) Venture Bancshares, Inc., Bloomington, Minnesota, for prior 

approval to become a bank holding company through the 

acquisition of 100% of the voting shares of Venture Bank, 

Bloomington, Minnesota, a de novo bank.* 

3(a)(3) State Bankshares, Inc., Fargo, North Dakota, for prior approval 

to acquire 100% of the voting shares of State Bank of 

Moorhead, Moorhead, Minnesota.* 

CIC Wayne Edsall Trust No. 2, Wayne Edsall trustee, to acquire 

control of Inter-Mountain Bancorp., Inc., Bozeman, Montana. 

CIC WCB Bancshares, Inc. 401(k) Plan and Trust, John Malmberg 

trustee, to acquire control of WCB Bancshares, Inc., Oakdale, 

Minnesota. 

Fed. Reg. – 10/09/2001 

Newspaper – 10/12/2001 

Fed. Reg. – 10/15/2001 

Newspaper – 10/13/2001 

Fed. Reg. – 10/22/2001 

Newspaper – N/Avail. 

Fed. Reg. – 10/12/2001 

Newspaper – N/Avail. 

Fed. Reg. – N/Avail. 

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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Heritage Bank, Louisville, Colorado, for prior approval to Newspaper – 09/25/2001 

establish a branch at 3850 York Street, Denver, Colorado. 

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

Ending date of 

Type Application comment period 

3(a)(1) Southern Colorado National Bancorp, Inc., Pueblo, Colorado, 

for prior approval to become a bank holding company through 

the acquisition of 100 percent of the voting shares of Southern 

Colorado National Bank, Pueblo, Colorado. 

CIC Notice by Larry Ross Cox, Henderson, Nebraska, for prior 

approval to acquire 32.31 percent of the voting shares of Cedar 

Rapids State Company, and its subsidiary Cedar Rapids State 

Bank, both of Cedar Rapids, Nebraska. 

CIC Carl J. Sjulin, Lincoln, Nebraska, as trustee of the Carl J. Sjulin 

Revocable Trust and trustee of a Voting Trust Agreement, for 

prior approval to increase his ownership interest from 24.8 

percent to 50.2 percent of the voting shares of West Gate 

Banshares, Inc., parent of West Gate Bank, both of Lincoln, 

Nebraska. 

Newspaper – N/Available 

Fed Reg – 10/22/2001 

Newspaper – N/Available 

Fed Reg – 10/09/2001 

Newspaper – 10/01/2001 

Fed Reg – 09/27/2001 

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, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Texas State Bank, McAllen, TX, to establish a branch office at 10/03/2001 

2314 West University Drive, Edinburg, TX, 78539* 

*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) DNB Bancshares, Inc., Dallas, TX, to acquire DNB Delaware 

Financial Corporation, Inc., Dover, DE, and Dallas National 

Bank, Dallas, TX* (previously reported the week ending 

September 15, 2001) 

3(a)(1) DNB Delaware Financial Corporation, Inc., Dover, DE, to 

acquire Dallas National Bank, Dallas, TX* (previously reported 

the week ending September 15, 2001) 

3(a)(1) Outsource Holdings, Inc., Lubbock, TX, to acquire Outsource 

Delaware Holdings, Inc., Dover, DE, Falcon Bancorporation, 

Inc., Memphis, TX, and First Bank and Trust of Memphis, 

Memphis, TX* (previously reported the week ending September 

15, 2001) 

3(a)(1) Outsource Delaware Holdings, Inc., Dover, DE, to acquire 

Falcon Bancorporation, Inc., Memphis, TX, and First Bank and 

Trust of Memphis, Memphis, TX* (previously reported the 

week ending September 15, 2001) 

Fed Reg – 10/15/2001 

Newspaper – 10/09/2001 

Fed Reg – 10/15/2001 

Newspaper – 10/09/2001 

Fed Reg – 10/12/2001 

Newspaper – 10/12/2001 

Fed Reg – 10/12/2001 

Newspaper – 10/12/2001 

*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, September 22, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Business Bank of California, San Bernardino, California, to Newspaper – N/Avail 

merge with Metro Commerce Bank, San Rafael, California.* Fed Reg – 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 

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 

20866 Home Valley Bank 

110 SW 4th Street 

Grants Pass, OR 97526 

(541) 955-7082 

155263 Desert Community Bank 

12530 Hesperia Road 

Victorville, CA 92392 

(760) 243-2140 

05/29/2001 09/21/2001 S X 

05/21/2001 09/19/2001 O X 

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