Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 30

Week Ending July 25, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions July 19, 1998 to July 25, 1998

Testimony And Statements

Regulation of over-the-counter derivatives -- statement by Chairman Greenspan 

before the House Committee on Banking and Financial Services, July 24, 1998.

- Published, July 24, 1998 

Bank Holding Companies

Banc One Corporation, Columbus, Ohio, and First Chicago NBD Corporation, 

Chicago, Illinois -- public meeting to be held on August 13, 1998, at 9:00 a.m. CDT, 

at the Federal Reserve Bank of Chicago, 230 LaSalle Street, Chicago, Illinois.

- Announced, July 22, 1998 

Board Operations

Joint Year 2000 Council -- appointment of Governor Ferguson as Chairman of the 

council. 

- Announced, July 21, 1998 

Securities Regulation

Over-the-counter stocks -- revised list of OTC stocks subject to margin requirements 

and a list of foreign margin stocks.

- Published, July 24, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
July 19, 1998 to July 25, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Adirondack Trust Company, Saratoga Springs, New York -- to establish a branch at 

3017 Route 50, Wilton, New York.

- Approved, July 20, 1998 

New York

Admiralty Bank, Palm Beach Gardens, Florida -- to establish a branch at 1401 North 

Federal Highway, Boca Raton, Florida.

- Approved, July 23, 1998 

Atlanta

Bank of Casa Grande Valley, Casa Grande, Arizona -- to establish a branch at 44870 

W. Hathaway Road, Suite O, Maricopa, Arizona.

- Approved, July 20, 1998 

San Francisco

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

Atlantic & Pacific Tea Company, Inc., Route 6, Mohegan Lake, Cortlandt, New 

York.

- Approved, July 17, 1998 (AC)

New York

County Bank of Chesterfield, Midlothian, Virginia -- to establish a branch at 906 

Branchway Road, Richmond, Virginia.

- Approved, July 24, 1998 

Richmond

East Penn Bank, Emmaus, Pennsylvania -- to establish a branch at 951 State Street, 

Merztown, Longswamp Township, Pennsylvania.

- Approved, July 20, 1998 

Philadelphia

F&M Bank-Central, Stevens Point, Wisconsin -- to establish a branch at 1600 

Academy Drive.

- Approved, July 22, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Bank Branches, Domestic

F&M Bank-Central, Wausau, Wisconsin -- to establish a branch at 2710 Schofield 

Avenue.

- Approved, July 22, 1998 

Chicago

First Bank of Berne, Berne, Indiana -- to establish a branch at 404 N. Main Street, 

Bluffton, Indiana.

- Approved, July 24, 1998 

Chicago

First Newton Bank, Covington, Georgia -- to establish a branch at 285 Jonesboro 

Road, McDonough, Georgia.

- Approved, July 24, 1998 

Atlanta

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

Golf Course Road, NW, and Paseo Del Norte, NW, Albuquerque, New Mexico.

- Approved, July 23, 1998 

Kansas City

Irwin Union Bank and Trust Company, Columbus, Indiana -- to establish branches at 

1175 College Mall Road, Bloomington, Indiana, and 528 College Avenue.

- Approved, July 22, 1998 

Chicago

State Bank and Trust Company, Defiance, Ohio -- to establish a branch at 1991 

Crocker Road, Westlake, Ohio.

- Approved, July 22, 1998 

Cleveland

Tehama Bank, Red Bluff, California -- to establish a branch at 2775 Bechelli Lane, 

Redding, California.

- Approved, July 24, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 2 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Bank Holding Companies

Bank of Montreal, Toronto, Canada, and Bankmont Financial Corp., Chicago, 

Illinois -- to acquire through EFS, Chicago, Illinois, an interest in Virtual Information 

Processing Services, L.L.C., Wilmington, Delaware, and engage in data processing 

activities.

- Approved, July 23, 1998 

Chicago

Central Bancshares, Inc., Lexington, Kentucky -- to acquire Pioneer Financial 

Corporation.

- Approved, July 13, 1998 (AC)

Cleveland

Community Bank Minnesota Employee Stock Ownership Plan, Owatonna, 

Minnesota -- to increase its ownership interest in Owatonna Bancshares, Inc., 

Owatonna, Minnesota.

- Approved, July 24, 1998 

Minneapolis

Connor Trust, Marshfield, Wisconsin -- to acquire shares of Pioneer Bancorp, Inc., 

Auburndale, Wisconsin, and Pioneer Bank.

- Approved, July 24, 1998 

Chicago

Deutsche Bank AG, Frankfurt Am Main, Federal Republic of Germany -- to acquire 

through German American Capital Corporation, New York, New York, an interest in 

Bouclier Vert Limite, L.L.C., Woodbury, New Jersey, d/b/a Green Shield Limited, 

L.L.C., and to engage in residential mortgage lending activities in the United States.

- Approved, July 24, 1998 

New York

First American Bankshares, Inc., Fort Atkinson, Wisconsin -- to acquire Jefferson 

County Bancorp, Inc., Jefferson, Wisconsin, and Jefferson County Bank.

- Approved, July 22, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Bank Holding Companies

First National of Nebraska, Inc., Omaha, Nebraska -- to acquire Insync Investments, 

Ltd., and engage in data processing activities.

- Permitted, July 23, 1998 

Secretary

Heritage Bancorp, Inc., McLean, Virginia -- to acquire The Heritage Bank.

- Approved, July 22, 1998 

Richmond

Independent Bancshares, Inc., Abilene, Texas -- to acquire Azle Bancorp, Azle, 

Texas; Azle Holdings, Inc.; and Azle State Bank.

- Approved, July 22, 1998 

Dallas

InterWest Bancorp, Inc., Oak Harbor, Washington -- to acquire Kittitas Valley 

Bancorp, Inc., Ellensburg, Washington, and Kittitas Valley Bank, N.A.

- Approved, July 24, 1998 

San Francisco

Lone Star National Bancshares, Inc., Pharr, Texas -- to engage de novo in securities 

brokerage activities, riskless principal transactions, private placement activities, and 

underwriting and dealing in government obligations and money market instruments.

- Permitted, July 24, 1998 

Dallas

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

acquire and merge with Financial Services Corporation of the Midwest, Rock Island, 

Illinois, and to acquire Rock Island Bank, N.A., Bettendorf, Iowa.

- Approved, July 16, 1998 (AC)

Secretary

National City Bancshares, Inc., Evansville, Indiana -- to acquire, through merger, 

Trigg Bancorp, Inc., Cadiz, Kentucky, and Trigg County Farmers Bank.

- Approved, July 22, 1998 

St. Louis

(AC) = Addition or Correction Delegated - Page 4 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Bank Holding Companies

National City Bancshares, Inc., Evansville, Indiana -- to acquire, through merger, 

Community First Financial, Inc., Maysville, Kentucky; Community First Bank, N.A.; 

and Community First Bank of Kentucky, Warsaw, Kentucky.

- Approved, July 22, 1998 

St. Louis

National City Bancshares, Inc., Evansville, Indiana -- to acquire, through merger, 

Hoosier Hills Financial Corporation, Osgood, Indiana, and The Ripley County Bank.

- Approved, July 22, 1998 

St. Louis

NationsBank Corporation, Charlotte, North Carolina -- to acquire certain assets of 

Morgan Stanley Dean Witter & Co., New York, New York.

- Approved, July 17, 1998 (AC)

Richmond

One Valley Bancorp, Inc., Charleston, West Virginia -- to acquire Summit 

Bankshares, Inc., Raphine, Virginia.

- Approved, July 22, 1998 

Richmond

Pedcor Bancorp, Indianapolis, Indiana -- to engage in low-income housing 

development activities through Pedcor Funding Corporation.

- Permitted, July 20, 1998 

San Francisco

Premier Financial Corp., Dubuque, Iowa -- to acquire Premier Bank.

- Approved, July 23, 1998 

Chicago

Quantum Capital Corporation, Suwanee, Georgia -- request for waiver of 

commitment.

- Returned, July 21, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 5 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Bank Holding Companies

Second Bancorp, Inc., Warren, Ohio -- to acquire Enfin, Inc., Solon, Ohio.

- Approved, July 24, 1998 

Cleveland

Synovus Financial Corporation, Columbus, Georgia, and TB&C Bancshares, Inc. -- 

to merge with Community Bank Capital Corporation, Alpharetta, Georgia, and to 

acquire Bank of North Georgia.

- Approved, July 22, 1998 

Atlanta

Union Planters Corporation, Memphis, Tennessee -- request for waiver of 

notification to acquire TransFlorida Bank, Boca Raton, Florida.

- Granted, July 23, 1998 

St. Louis

UST Corp., Boston, Massachusetts -- to acquire Affiliated Community Bancorp, 

Inc., Waltham, Massachusetts.

- Approved, July 23, 1998 

Boston

UST Corp., Boston, Massachusetts -- to organize Cambridge Trade Finance Corp., 

and to acquire certain assets of Cambridge Trading Services Corporation.

- Approved, July 24, 1998 

Boston

Bank Mergers

People First Bank, Hennessey, Oklahoma -- to merge with Home State Bank, 

Hobart, Oklahoma, and to establish additional branches.

- Approved, July 23, 1998 

Kansas City

Banks, State Member

Merrill Merchants Bank, Bangor, Maine -- transfer agent registration.

- Approved, July 20, 1998 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 6 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Change In Bank Control

First State Bank, Anadarko, Oklahoma -- change in bank control.

- Permitted, July 20, 1998 

Kansas City

Guaranty Bancshares, Inc., Oklahoma City, Oklahoma -- change in bank control.

- Permitted, July 23, 1998 

Kansas City

PSB Corporation, Wellsburg, Iowa -- change in bank control.

- Permitted, July 21, 1998 

Chicago

Competitive Factors Reports

Banco Bilbao Vizcaya S.A., Bilbao, Spain -- report on competitive factors of the 

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

Juan, Puerto Rico, branch of Chase Manhattan Bank, New York, New York.

- Submitted, July 23, 1998 

Secretary

Blackhawk State Bank, Beloit, Wisconsin -- report on competitive factors of the 

proposed merger with First Federal Savings Bank, Belvidere, Illinois.

- Submitted, July 23, 1998 

Chicago

Eagle Valley Bank, National Association, St. Croix Falls, Wisconsin -- report on 

competitive factors of the proposed merger with Eagle Valley Bank, Dennison, 

Minnesota.

- Submitted, July 24, 1998 

Minneapolis

Enterprise Bank, Solon, Ohio -- report on competitive factors of the proposed 

merger with and into The Second National Bank of Warren, Warren, Ohio.

- Submitted, July 24, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 7 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Competitive Factors Reports

First Bank, Dallas, Texas -- report on competitive factors of the proposed merger 

with CBG Acquisition Corp.

- Submitted, July 23, 1998 

Dallas

Illinois One Bank, N.A., Shawneetown, Illinois -- report on competitive factors of 

the proposed merger with The First State Bank of Vienna, Vienna, Illinois.

- Submitted, July 23, 1998 

St. Louis

Local Federal Bank, FSB, Oklahoma City, Oklahoma -- report on competitive 

factors of the proposed merger with Citizens Bank, Lawton, Oklahoma.

- Submitted, July 22, 1998 

Kansas City

National City Bancshares, Inc., Evansville, Indiana -- report on competitive factors 

of the proposed establishment and merger of NCBE Interim Bank, FSB, Princeton, 

Kentucky, into Federal Bank, FSB.

- Submitted, July 20, 1998 

St. Louis

Norwest Bank Texas, N.A., San Antonio, Texas -- report on competitive factors of 

the proposed acquisition of a branch from First Bank Katy, N.A., Katy, Texas.

- Submitted, July 23, 1998 

Dallas

Norwest Bank Texas, N.A., San Antonio, Texas -- report on competitive factors of 

the proposed merger with Founders Trust Company, Dallas, Texas, and Norwest 

Trust Texas, Odessa, N.A., Odessa, Texas.

- Submitted, July 23, 1998 

Dallas

One Valley Bank, Inc., Morgantown, West Virginia -- report on competitive factors 

of the proposed merger with One Valley Bank of Clarksburg, National Association, 

Clarksburg, West Virginia.

- Submitted, July 20, 1998 

Richmond

(AC) = Addition or Correction Delegated - Page 8 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Competitive Factors Reports

Palomar Savings and Loan Association, Escondido, California -- report on 

competitive factors of the proposed merger with CWB Merger Corp., Goleta, 

California.

- Submitted, July 20, 1998 

San Francisco

Pulaski Bank, St. Louis, Missouri -- report on competitive factors of the proposed 

merger with Pulaski Interim "A" Bank and Pulaski Interim "B" Bank.

- Submitted, July 23, 1998 

St. Louis

Santa Monica Bank, Santa Monica, California -- report on competitive factors of the 

proposed merger with Bank of Los Angeles, West Hollywood, California.

- Submitted, July 20, 1998 

San Francisco

SunTrust Bank, Tallahassee, National Association, Tallahassee, Florida -- report on 

competitive factors of the proposed merger with Citizens Bank of Marianna, 

Marianna, Florida, and Gadsden State Bank, Chattahoochee, Florida.

- Submitted, July 24, 1998 

Secretary

Vectra Bank Colorado, N.A., Denver, Colorado -- report on competitive factors of 

the proposed merger with Eagle Bank, Broomfield, Colorado.

- Submitted, July 22, 1998 

Kansas City

Vectra Bank Colorado, N.A., Denver, Colorado -- report on competitive factors of 

the proposed merger with Mountain National Bank, Woodland Park, Colorado.

- Submitted, July 23, 1998 

Kansas City

Vectra Bank Colorado, N.A., Denver, Colorado -- report on competitive factors of 

the proposed merger with Independent Bank, Kersey, Colorado.

- Submitted, July 23, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 9 of 10
H.2 Actions under delegated authority July 19, 1998 to July 25, 1998

Extensions Of Time

Capitol Bancorp Ltd., Lansing, Michigan, and Sun Community Bancorp Limited, 

Phoenix, Arizona -- extension to October 22, 1998, to acquire shares of Southern 

Arizona Community Bank, Tucson, Arizona.

- Granted, July 22, 1998 

Chicago

Membership

Legacy Bank of Texas, Plano, Texas -- to become a member of the Federal Reserve 

System.

- Approved, July 23, 1998 

Dallas

Premier Bank, Dubuque, Iowa -- to become a member of the Federal Reserve 

System.

- Approved, July 23, 1998 

Chicago

Regency Bank, Fresno, California -- to become a member of the Federal Reserve 

System.

- Approved, July 22, 1998 

San Francisco

(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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch The Chase Manhattan Bank, New York, New York, to establish a

branch office at 2824-26 Broadway, New York, New York.*

08/05/98

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) CNY Financial Corporation, Cortland, New York, to become a

bank holding company by acquiring 100 percent of the shares of

common stock of Cortland Savings Bank, Cortland, New York, a

New York stock savings bank and the proposed successor to

Cortland Savings Bank, a New York mutual savings bank.

07/27/98*

CIBC Mr. Peter D. Baichi and Mrs. Patricia A. Baichi to acquire

additional outstanding comon stock of Solvay Bank Corp., Inc.,

Solvay, New York, thereby increasing the sahres held from 9.79

percent to more than 10 percent, but less than 25 percent, of the

outstanding common stock.

N/Avail

* Fed Reg - Federal Register Comment Period Ending Date

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c)

Branch

Received application from Fifth Third Bank of Southern Ohio,

Hillsboro, H on July 16, 1998, to acquire four offices of Bank

One, N.A., Columbus, OH located in Lucasville, Portsmouth, and

Wheelersburg, OH and incident thereto establish branches..

*8/20/1998

18(c)

Branch

Received application from Killbuck Savings Bank, Killbuck, OH

on July 20, 1998, to acquire Commercial and Savings Bank

Company, Danville, OH and incident thereto establish a branch.

*Not Yet Known

Branch Received application from Somerset Trust Company, Somerset,

PA on July 21, 1998, to establish a branch at 4185 Glades Pike,

Somerset, PA

*8/17/1998

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

Type Application

Ending date of

comment period

3(a)(5) Received application from Killbuck Bancshares, Inc., Killbuck,

OH on July 20, 1998, to acquire The Commercial and Savings

Bank Company, Danville, OH.

*Fed Reg - 8/20/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

449122 The Citizens Banking Company

10 East Main Street

Salineville, OH 43945

5/11/1998 7/22/1998 S X

568126 The St. Henry Bank

231 E. Main Street

Saint Henry, OH 45883

6/1/1998 7/22/1998 S X

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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Member Alliance Bank Corporation, Fairfax, Virginia, in organization, for

membership in the Federal Reserve System.*

8/13/1998

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

4(c)(8) First Charter Corporation, Concord, North Carolina, to acquire HFNC

Financial Corporation, Charlotte, North Carolina.*

Fed Reg – 8/13/1998

Newspaper – 8/23/1998

3(a)(3) Carolina First BancShares, Inc., Lincolnton, North Carolina,

to acquire Community Bank & Trust Company, Rutherfordton,

North Carolina.*

Newspaper 8/16/1998

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Republic Security Bank, West Palm Beach, Florida, to establish a

branch located at 2929 East Commercial Boulevard, Fort

Lauderdale, Florida.

08/14/1998*

*Subject to provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(5) Alabama National BanCorporation, Birmingham, Alabama, to

merge with Community Financial Corporation, Mableton, Georgia,

and thereby acquire Georgia State Bank, Mableton, Georgia..

N/Avail*

*Subject to provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

360834 Bank of Dadeville

Post Office Box 38

Dadeville, Alabama 36853

04/27/1998 O X

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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Libertyville Bank & Trust Company

Libertyville, Illinois

 1167 S. Milwaukee

 Libertyville, Illinois

Newspaper – 8/20/1998

Newspaper - Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

3(a)(3) Pilot Grove Savings Bank Employee Stock Ownership Plan*

Pilot Grove, Iowa

 Pilot Bancorp, Inc.

 Piliot Grove, Iowa

 Pilot Grove Savings Bank

 Pilot Grove, Iowa

Fed Reg – 7/24/1998

Newspaper – 7/10/1998

3(a)(3) First Belmond Bancorporation*

Belmond, Iowa

 Community Bank of Oelwein ( in organization)

 Oelwein, Iowa

Fed Reg – N/Avail

Newspaper – 8/20/1998

3(a)(5) Banc One Corporation (DE)*

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – 8/13/1998

Newspaper – 7/3/1998

3(a)(3) Banc One Corporation*

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – 8/13/1998

Newspaper – 7/3/1998

3(a)(3) First Chicago NBD Corporation*

Chicago, Illinois

 Banc One Corporation

 Columbus, Ohio

Fed Reg – 8/13/1998

Newspaper – 7/3/1998
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

4(c)(8) State Financial Services Corporation

Hales Corners, Wisconsin

 Home Bancorp of Elgin, Inc.

 Elgin, Illinois

 Home Federal Savings and Loan Association of Elgin

 Elgin, Illinois

Fed Reg – 8/13/1998

Newspaper – 8/15/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Banc One Corporation (DE)

Columbus, Ohio

 First Chicago NBD Corporation and their 21 nonbanking

 subsidiaries

 Chicago, Illinois

Fed Reg – 8/13/1998

Fed Reg - Federal Register Comment Period Ending Date

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

736943 M & I Bank Northeast

310 W. Walnut Street

P.O. Box 2427

Green Bay, Wisconsin 54303

12/30/1997 7/20/1998 S X

433943 Washington State Bank

121 S. Marion

P.O. Box 311

Washington, Iowa 52353

4/6/1998 7/21/1998 S X

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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Notice by Lindell Bank & Trust Company, St. Louis, Missouri, to

merge with Duchesne Bank, St. Peters, Missouri.

8/17/1998

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

Type Application

Ending date of

comment period

CIC Notice involving Fort Knox National Bancorp, Inc., Radcliff,

Kentucky, by Cyrus A. Ansary.

Newspaper – 8/13/1998

4(c)(8) *Notice by Arvest Bank Group, Inc., Bentonville, Arkansas, to

retain its ownership of State Bank & Trust, Tulsa, Oklahoma,

upon its conversion from a national bank to a federal savings bank.

Newspaper – 8/16/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) *Companion notice by Arvest Bank Group, Inc., Bentonville,

Arkansas, to acquire Ameritrust Corporation, Americorp

Investment Advisers, Inc., and Investment Management, Inc., all of

Tulsa, Oklahoma (all wholly owned subsidiaries of Ameribank

Corporation, Shawnee, Oklahoma, for which Arvest Bank Group,

Inc. filed a 3(a)(3) notice during the week ending July 11, 1998).

8/10/1998

* Subject to the provisions of the Community Reinvestment Act
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

3(a)(5)(C) Notice by FSBO Holdings, Inc., Olmsted, Illinois, to acquire First

State Bank of Olmsted, Olmsted, Illinois.

Not applicable

SMBOTH Notice by First Illinois Bank, East St. Louis, Illinois, to make a

dividend payment.

Not applicable

SMBOTH Notice by Lindell Bank, St. Louis, Missouri, to make a dividend

payment.

Not applicable

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

677644 The Farmer’s & Merchants Bank

Stuttgart, Arkansas

4/6/1998 7/29/1998 S X

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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Adeline Morgan to acquire control of F and O, Inc., Montgomery,

Minnesota.

Fed Reg - 8/14/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

258351 The Peninsula Bank of Ishpeming

Ishpeming, Michigan

4/13/1998 7/20/1998 S X

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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Heritage Bank, Lafayette, Colorado, for prior approval to establish

a branch at 1715 Wazee Street, Denver, Colorado.

Newspaper – N/Avail

Branch First State Bank Taos, Taos, New Mexico, for prior approval to

establish a branch in the Petroglyph Plaza Shopping Center, at the

corner of Golf Course Road and Paseo Del Norte, Albuquerque,

New Mexico.

Newspaper – 07/17/1998

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

Type Application

Ending date of

comment period

3(a)(5) Vail Banks, Inc., Vail, Colorado, to acquire 100 percent of the

voting shares, and thereby merge with Telluride Bancorp, Inc.,

Montrose, Colorado.

Newspaper – N/Avail

Fed Reg – 08/24/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

S/R Grandview Bankshares, Tahlequah, Oklahoma, for prior approval

to redeem 412.5 shares of its own voting common stock.
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Member Waverly Bank, Waverly, Missouri, for membership in the Federal

Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

563756 First State Bank of Wheatland

1405 16th Street

Wheatland, Wyoming 82201-2222

04/27/1998 07/21/1998 O X

12254 State Bank of Lancaster

201 N. Broadway

Lancaster, Kansas 66041

04/20/1998 07/22/1998 S X

325459 First State Bank in Temple

111 S. Commercial

Temple, Oklahoma 73568

04/20/1998 07/23/1998 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, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Legacy Bank of Texas, Plano, TX, to establish a branch at

4100 Legacy Drive, Plano, TX 75024*

Newspaper – 08/05/1998

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Fred A. Moore, Lockhart, TX, et ux, to acquire an interest

in Lockhart Bancshares, Inc., Lockhart, TX

Fed Reg – 08/10/1998

Newspaper – 07/15/1998

3(a)(3) First Baird Bancshares, Inc., Baird, TX,

First Baird Bancshares of Delaware, Inc., Dover, DE, Weatherford

Bancshares, Inc., Baird, TX, and

First Weatherford Bancshares, Inc., Carson City, NV, to acquire

Western American National Bank, Bedford, TX *

(Previously reported the week ending July 18, 1998)

Fed Reg – 07/30/1998

Newspaper – 07/26/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

3(a)(1) Texas National Bancorporation, Jacksonville, TX, to acquire

Texas National Bank of Jacksonville, Jacksonville, TX

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, July 25, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(5) Zions Bancorporation, Salt Lake City, Utah, to merge with The

Commerce Bancorporation, and thereby indirectly acquire its

subsidiary, The Commerce Bank of Washington, N.A., both of

Seattle, Washington. *

Newspaper 8/03/1998

Fed Reg 8/17/1998

3(a)(5) First Hawaiian, Inc., Honolulu, Hawaii, to merge with BancWest

Corporation, Walnut Creek, California, and to change its name to

BancWest Corporation, Honolulu, Hawaii. *

Newspaper 8/17/1998

Fed Reg 8/21/1998

3(a)(3) Banque Nationale de Paris, Paris, France, to acquire 45 percent of

First Hawaiian, Inc., Honolulu, Hawaii, upon the merger with

BancWest Corporation, Walnut Creek, California. *

Newspaper 8/17/1998

Fed Reg 8/21/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

4(c)(8) Twelve-day prior notice from Greater Bany Bancorp, Palo Alto,

California, to engage in lending and factoring activities through the

acquisition of Pacific Business Funding Corporation, Cupertino,

California.

COM American Pacific Bank, Portland, Oregon, requests a relief of

commitments made in connection with the approval of the Change

in Bank Control Notice by Fai Chan, Causway Bay, Hong Kong, to

acquire up to 51.41 percent Ameican Pacific Bank.

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.

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

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None