Federal Reserve Bank of Richmond

Week ending January 10, 1997

finiti £ Rati

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated

community, including low- and moderate-income neighborhoods, in a manner con-
sistent with its resources and capabilities.

Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.

Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer-
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer-
taining and helping to meet the credit needs of its entire delineated community,

including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.

Examination
———Date _ Rating

The George Mason Bank
1185 Main Street
Fairfax, Virginia 22030-5087 9-16-96 Satisfactory
Bank of Carroll
145 North Main Street
Hillsville, Virginia 24343-1435 10-7-36 Satisfactory
F & M Bank-Keyser, Inc.
87 North Main Street
Keyser, West Virginia 26726 10-7-96

Satisfactory



FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 1/10/97
Section I - Licati Subs ice Onl
Licati . C Period Endina D
Humboldt Bank, Eureka, California, to acquire. Newspaper: Not available
through merger, the Garberville, California,

branch office of First Nationwide Bank, FSB,
San Francisco, California. *

ar ag eee ere Soa 1 Reai ,
Bank SinoPac, Taipei, Taiwan, to become a Newspaper: Not available
bank holding company by acquiring Far East
National Bank, Los Angeles, California. * Fed. Reg.: 1/27/97
Zions Bancorporation, Salt Lake City, Utah, Newspaper: Not available
to merge with Aspen Bancshares, Inc., Aspen,
Colorado. * Fed Reg: 2/10/97
Zions Bancorporation, Salt Lake City, Utah, Newspaper: Not available
to acquire an option to purchase 19.9 percent
of Aspen Bancshares, Inc., Aspen, Colorado. * Fed. Reg.: 2/10/97
Zions Bancorporation, Salt Lake City, Utah, Newspaper: Not available
to acquire through merger, Pitkin County Bank &
Trust Company, Aspen, Colorado; Valley National Fed. Reg.: 2/10/97

Bank of Cortez, Cortez, Colorado; and ValCor
Bancorporation, Cortez, Colorado. *

Section III. -Applicati ; Federal Regi Onl

Zions Bancorporation, Salt Lake City, Utah, Fed, Reg.; 2/10/97
to acquire Centennial Savings Bank, F.S.B.,

and Eagle Services Corporation, both of Durango,

Colorado.



SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings

In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:

Outstanding record of meeting community credit needs

An institution in this group has an outstanding record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low-
and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

Satisfactory record of meeting community credit needs

An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

Needs to improve record of meeting community credit needs

An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.

Substantial noncompliance in meeting community credit needs

An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.

CRA Public CRA
Bank/Location Exam Date Date Rating
Peoples Bank 10/7/96 01/07/97 Satisfactory

P.O. Box B
Pratt, Kansas 67124-1102

* Application is subject to CRA.



FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER
NOTICE ONLY

First Republic Bank, Philadelphia, PA to establish a branch office at 1408 Old York Road,
Abington Montgomery Co, PA, pursuant to Section 9 of the Federal Reserve Act.

Newspaper comment period expires: 1/20/97
First Republic Bank, Philadelphia, PA to establish a branch office at Germantown Pike and
Swede Road, East Norriton Township, Montgomery Co, PA, pursuant to Section 9 of the
Federal Reserve Act.

Newspaper comment period expires: 1/20/97

SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER
AND FEDERAL REGISTER NOTICE

NONE

SECTION Il - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL
REGISTER NOTICE ONLY

NONE

SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER

US Bancorp, Johnstown, PA request relief from a commitment made in connection with its
purchase of a branch in October 1991.



ox Wi End. anu 0 2
Recently Approved Applications Approval Date
The Colonial BancGroup, Inc. 01-10-97

Montgomery, Alabama

To merge with D/W Bankshares, Inc., Dalton, Georgia, and thereby directly acquire
Dalton/Whitfield Bank & Trust, Dalton, Georgia, pursuant to Section 3(a) (5) of the
Bank Holding Company Act.

Regions Financial Corporation 01-06-97

Birmingham, Alabama

To acquire First Bancorp, Inc., Panama City, Florida, and its subsidiary, Florida
FirstBank, Panama City, Florida, and thereby engage in operating a savings
association, pursuant to Section 225.25(b) (9) of Regulation ¥ and Section 4 (c) (8)
of the Bank Holding Company Act.

Intervest Bancshares Corporation 01-07-97

New York, New York

Change in control by Mr. Jerome Dansker to acquire 33.3 percent of the Class B
Common Stock of Intervest Bancshares Corporation, New York, New York.

Intervest Bank 01-06-97
Clearwater, Florida
To establish a branch located at 6750 Gulfport Boulevard, South Pasadena, Florida.



None

* Subject to CRA.

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 1/10/97
Sect . abil f CRA Public Evaluati
The CRA public evaluations of the institution(s) below became available during this

week. Information about a particular institution's CRA evaluation may be obtained
directly from the institution.

Institut - Examination D Ratina*
Monarch Bank 30000 Town Center Dr. 9/09/96 Satisfactory

Laguna Niguel, CA 92677-2046
(714) 495-3300

*Under the rating system an institution's CRA performance is assigned one of the
following four ratings:

Qutstanding record of meeting community credit needs: An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs: An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Needs to Improve record of meeting community credit needs: An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.



H.2

JANUARY 6, 1997 TO JANUARY 10, 1997

PAGE 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL

Kansas City

Kansas City

Kansas City

Gardner Bancorp, Inc., Gardner, Kansas -- change in
bank control.
Permitted, January 6, 1997.

Hopeton Bancshares, Inc., Hopeton, Oklahoma -- change
in bank control.
Permitted, January 6, 1997.

Osborne Investments, Inc., Osherne, Kansas ~- change
in bank control.
Permitted, January 9, 1997.

COMPETITIVE FACTORS REPORTS

Kansas City

Kansas City

Cleveland

Boston

Dallas

Bank of Commerce, N.A., Catoosa, Oklahoma, proposed
merger with Adair State Bank, Adair, Oklahoma --
report on competitive factors.

Submitted, January 10, 1997.

Bank of the Lakes, Owasso, Oklahoma, proposed merger
with Bank of the Lakes, Langley, Oklahoma -- report
on competitive factors.

Submitted, January 10, 1997.

Bank One, Columbus, Ohio, proposed merger with Banc
Gne Corporation's banks in Akron, Athens,
Cambridge, Cincinnati, Cleveland, Coshocton,
Dayton, Dover, Fremont, Lima, Mansfield, Marietta,
Marion, Portsmouth, Sidney, and Youngstown, Ohio --
report on competitive factors.

Submitted, January 9, 1997.

Bay State Federal Savings Bank, Brookline,
Massachusetts, proposed merger with Union Federal
Savings Bank, Boston, Massachusetts -- report on
competitive factors.

Submitted, January 6, 1997.

Commercial National Bank of Beeville, Beeville,
Texas, proposed acquisition of the assets and
assumption of the liabilities of branches of
Pacific Southwest Bank (FSB), Corpus Christi,
Texas, at 411 East Houston, Beeville, and 145 North
Jefferson, Goliad, Texas -- report on competitive
factors.

Submitted, January 9, 1997.



FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 10, 1997
(Continued)

BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING
State Bank of Terry September 30, 1996 Satisfactory
P.O. Box 6

Terry, MT 59349-0006
(406) 266-3176



1_R a

Applications Bulletin for Week Ending Janu ary 10, 1997
Section 1 _- Applications Subject to Newspaper Notice Only

lication Comment. Period Ending Date

The Peoples Bank & Trust Company 01-18-97*
Selma, Alabama
To establish a branch located at 3791 Highway 14, Millbrook, Alabama.

United American Bank of Central Florida : 01-12-97*
Orlando, Florida

To establish a branch located at 200 E. Michigan Avenue, Orlando, Florida, to be
known as the South Orlando Office.

Section 2 - Applications Subject to Both

Newspaper and Federal Register Notice

Li ion Comment Period Ending Date
Cumberland Bancorp, Inc. 02-10-97
Carthage, Tennessee Federal Register

To acquire First Federal Bancshares, Inc., Memphis, Tennessee, and thereby acquire
its subsidiaries, The Commercial Bank, Nashville, Tennessee (the successor to
First Federal Bank, F.S.B., Nashville, Tennessee) and First Federal Bank, Memphis,
Tennessee (the successor to First Federal Bank, F.S.B., Memphis, Tennessee,
pursuant to Section 3(a) (3) of the Bank Holding Company Act.

Section 3 - Applications Subject to Federal Register only

Application Comment Period Ending Date

Synovus Financial Corp. 02-04-97
Columbus, Georgia

Along with its parent company, TB&C Bancshares, Inc., Columbus, Georgia, and its
subsidiaries, Total Systems Services, Inc., and Vital Processing Services, L.L.C.,
to engage de novo through a joint venture with Golden Retriever Systems Group,
Inc., Chandler, Arizona, in providing comprehensive information management and
reporting services for the bankcard industry, pursuant to Section 225.25(b) (7) of
Regulation Y and Section 4(c) (8) of the Bank Holding Company Act. The activities
will be conducted through a new company to be formed, Golden Retriever Systems,
L.u.C., Chandler, Arizo

*Subject to provisions of the Community Reinvestment Act.



Type

COC-HC

3(a)(1)

3(a)(1)

3(a)3)

3(a)3)

COC-HC

Federal Reserve Bank of Chicago

- icati subj wspaper and Fed

Register Notice Cont’d

Application

APM Bancorp, Inc.
Buffalo, lowa
By James A. Matthys

Vanderbilt Holding Company, Inc.*

Fairfax, lowa

Fairfax State Savings Bank
Fairfax, lowa

County Bancorp, Inc.*
Manitowoc, Wisconsin
Investors Community Bank
Manitowoc, Wisconsin (in organization)

Amcore Financial, Inc.*
Rockford, Illinois
First National Bancorp, Inc.
Monroe, Wisconsin
First National Bank and Trust
Monroe, Wisconsin

First Financial Bancorporation*
Towa City, lowa

West Branch Bancorp, Inc.
West Branch, Iowa

West Branch State Bank

West Branch, lowa

La Salle Bancorp, Inc.

La Salle, Illinois
By Gerald F. Fitzgerald, Jr., Julie F. Schauer,
Thomas G. Fitzgerald, Marshall Kiel, Neal E. Kitchell

1

Comment
Period
Ending Date

FR - 1-10-97
NP - **

ER - 1-24-97
NP - **

FR - 1-27-97
NP - **

FR - 1-24-97
NP - 1-19-97

FR - 02-3-97
NP - **

FR-**
NP - **



E 1 rv nk la

ti QO - Avai i fF Pul

The CRA public evaluations of the insured depository institutions listed below
became available during this week. Information about an institution's CRA
evaluation may be obtained directly from the institution. In connection with the
assessment of an institution's CRA performance, a rating is assigned from the
following groups:

Outstanding record of meeting community credit needs: An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-
income neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs: An institution has a
satisfactory record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

Needs to improve record of meeting community credit needs: An institution needs
to improve its overall record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Substantial noncompliance in meeting community credit needs: An institution has
a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Examination
Bank CRA Rating ate
First State Bank of Satisfactory 08-19-96
Bibb County
Post Office Box 188
West Blocton, Alabama 35184
(205) 938-7881
First Bank of Boaz Satisfactory 09-30-96

Post Office Box 757
Boaz, Alabama 35957
(205) 593-8670



KANSAS CITY RESERVE BANK APPLICATIONS AND REPORTS RECEIVED
SECTION | - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

APPLICATION COMMENT PERIOD ENDING DATE

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

APPLICATION COMMENT PERIOD ENDING DATE

Intra Financial Corporation, Clyde, Kansas, for prior Not Available
approval to acquire 100 percent of the voting shares of
Farmers State Bancshares of Sabetha, Inc., Clyde,
Kansas. *
BOK Financial Corporation, Tulsa, Oklahoma, for February 3, 1997
prior approval to acquire 100 percent of the voting
shares of First TexCorp, Inc., Dallas, Texas. *
SECTION Ill - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY

APPLICATION COMMENT PERIOD ENDING DATE

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

APPLICATION

None.



Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper

Application Comment Period Ending Date

None.

Section II - Applications Subject to Both

Newspaper and Federal Register Notice

Application Comment Period Ending Date

Community Capital Corporation, Greenwood,

South Carolina, to acquire 100% of the

voting shares of Bank of Barnwell County,

Barnwell, South Carolina, an organizing

bank. * 2-4-97**

Community Capital Corporation, Greenwood,

South Carolina, to acquire 100% of the

voting shares of The Bank of Belton, Belton,

South Carolina, an organizing bank.* 2-4-97%*

NationsBank Corporation, Charlotte, North

Carolina, to acquire 100% of the voting

shares of First Federal Savings Bank of

Brunswick, Georgia, Brunswick, Georgia.* 2-10-97

FCFT, Inc., Princeton, West Virginia, to
acquire 100% of the voting shares of Blue

Ridge Bank, Sparta, North Carolina.* 2-10-97**

Section Iit - Applications Subject to Federal Register Notice

Application Comment Period Ending Date

None.

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice

Application

Blue Ridge Bank, Sparta, North Carolina,
for membership in the Federal Reserve
System.



H.2

ADDITIONS AND CORRECTIONS

JANUARY 6, 1997 TO JANUARY 10, 1997

PAGE 10

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

ADVISORY COUNCILS

REGULATIONS AND POLICIES

Consumer Advisory Council ~-- selection of eight new
members and designation of Julia W. Seward as
Chairman and William L. Lund as Vice Chairman for
1997,

Approved, December 23, 1996.

Regulations H and K -- publication for comment of
amendments to establish certain professional
qualification requirements for bank employees who
sell mutual funds and other securities to retail
customers on bank premises (Docket R-0950).

Approved, December 11, 1996.



FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or News 1 Notics

Application

NONE.



Federal Reserve Bank of St. Louis

FOR THE WEEK ENDING JANUARY 10, 1997

* Section 3(a)(3) application by Marshfield
Investment Company, Springfield, Missouri,

to acquire Metropolitan Bancshares, Inc.,
Springfield, Missouri. Newspaper: 2-10-97

None.

* This application/notification is subject to CRA.



H.2

JANUARY 6, 1997 TO JANUARY 10, 1997

PAGE 7

ACTIONS TAKEN 8Y THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS

Cleveland

Chicago

Atlanta

Minneapolis

Cleveland

Chicago

Cleveland

Kansas City

Jefferson Savings Bank, West Jefferson, Ohio,
proposed merger with Prime Savings Bank, Elyria,
Ohio -- report on competitive factors.

Submitted, January 7, 1997.

Merchants ‘National Bank of Terre Haute, Terre Haute,
Indiana, proposed merger with Rockville National
Bank, Rockville; and Clinton State Bank, Clinton,
Indiana -- report on competitive factors.

Submitted, January 6, 1997.

NationsBank Corporation, Charlotte, North Carolina,
proposed acquisition of the assets and assumption
of the liabilities of First Federal Savings Bank of
Brunswick, Brunswick, Georgia -- report on
competitive factors.

Submitted, January 7, 1997.

New State Bank of Gibbon, Gibbon, Minnesota, proposed
merger with State Bank of Gibbon -- report on
competitive factors.

Submitted, January 9, 1997.

S&T Bank, Indiana, Pennsylvania, proposed merger with
Peoples Bank of Unity, Pittsburgh, Pennsylvania --
report on competitive factors.

Submitted, January 9, 1997.

State Bank of St. Cloud, St. Cloud, Wisconsin,
proposed merger with St. Cloud Interim Bank, St.
Cloud, Wisconsin -- report on competitive factors.

Submitted, January 6, 1997.

Strongsville Savings Bank, Strongsville, Ohio,
proposed merger with Emerald Interim Savings Bank -
- report on competitive factors.

Submitted, January 9, 1997.

Sunflower Bank, N.A., Salina, Kansas, proposed merger
with Bank of the Southwest, Dodge City, Kansas --
report on competitive factors.

Submitted, January 10, 1997.



H.2

JANUARY 6, 1997 TO JANUARY 10, 1997

PAGE 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS

San Francisco

St. Louis

Dallas

Minneapolis

San Francisco

Chicago

Chicago

Far East National Bank, Los Angeles, California,
proposed merger with FENB Interim National Bank,
Los Angeles, California -- report on competitive
factors.

Submitted, January 8, 1997.

First Commercial Bank, National Association, Memphis,
Tennessee, proposed merger with United American
Bank of Memphis -- report on competitive factors.

Submitted, January 6, 1997.

First Community Bank, N.A., Alice, Texas, proposed
merger with New Alice Bank -- report on competitive
factors. :

Submitted, January 9, 1997.

First National Bank of Whitefish, Whitefish, Montana,
proposed purchase of the assets and assumption of
the liabilities of the branch of Glacier Bank,
F.S.B., Kalispell, Montana, on Clark Street in
Pasco, Montana -- report on competitive factors.

Submitted, January 9, 1997.

First Security Bank, N.A., Ogden, Utah, proposed
purchase of the assets and assumption of the
liabilities of the Mesquite, Nevada, branch of
First Security Bank of Nevada, Las Vegas, Nevada --
report on competitive factors.

Submitted, January 6, 1997.

Grand National Bank, Wauconda, Illinois, proposed
merger with First Security Bank of Cary-Grove,
Cary; First National Bank of Northbrook,
Northbrook; First Bank South, Dixon; and First Bank
North, Freeport, Illinois ~- report on competitive
factors.

Submitted, January 8, 1997.

Green County Bank, Brodhead, Wisconsin, proposed
merger with F&M Interim Bank, Kaukauna, Wisconsin -
- report on competitive factors.

Submitted, January 6, 1997.



Summit Financial Corporation, Greenville,
South Carolina, to acquire the assets of
City View Finance Company, Inc., Columbia,
South Carolina, and Williamsburg Finance
Company, Kingstree, South Carolina.

*Application is subject to CRA requirements.
**Expiration of comment period as specified in the Federal Register.



H.2
JANUARY 6,
PAGE 9

1997 TO JANUARY 10,

1997

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME

Chicago

Minneapolis

Chicago

INTERNATIONAL OPERATIONS

Cleveland

MEMBERSHIP

Chicago

St. Louis

REGULATIONS AND POLICIES

Secretary

Hometown Financial Group, Inc., Flanagan, Illinois --
extension to April 8, 1997, to acquire Flanagan
State Bank.

Granted, January 7, 1997.

Inter-Mountain Bancorp, Inc., Bozeman, Montana --
extension to April 9, 1997, to acquire First
Security Bank of Belgrade, Belgrade, Montana.

Granted, January 9, 1997.

Merrill Bancorporation, Inc., Merrill, Iowa --
extension to April 8, 1997, to engage de novo in
selling all types of insurance.

Granted, January 8, 1997.

Bank One, Arizona, N.A., Phoenix, Arizona; Bank One,
Colorado, N.A., Denver, Colorado; Bank One,
Louisiana, N.A., Baton Rouge, Louisiana; Bank One,
Oklahoma City, Oklahoma City, Oklahoma; and Bank
One, Utah, N.A., Salt Lake City, Utah -- to
establish branches in George Town, Grand Cayman,
British West Indies.

Approved, January 9, 1997.

First American Bank, Ames, Iowa -- to become a member
of the Federal Reserve System.
Approved, January 8, 1997.

Pinnacle Bank, Little Rock, Arkansas -- to become a
member of the Federal Reserve System.
Approved, January 10, 1997.

Federal Open Market Committee -- transcripts of
meetings of the Federal Open Market Committee held
during 1991 -- available for public inspection.

Published, January 9, 1997.



Federal Reserve Bank of Chicago

Section I - ications Subj N
Notice Only
Comment
Period

Branch First Bank & Trust of Evanston NP - 1-13-97
Evanston, Illinois
2925 Central Street
Evanston, Illinois

Branch First American Bank NP - 1-13-97
Carpenterville, Illinois
Northeast Corner of Randall Road and Gleneagle Drive
Geneva, Illinois

Branch Royal American Bank NP - 1-31-97
Inverness, Illinois
One Tiffany Pointe
Bloomingdale, Illinois

Merger & Branch La Salle State Bank NP - **
La Salle, Iinois
Community Bank of Utica
Utica, Illinois
100 Mill Street
Utica, Illinois

Member Michigan Heritage Bank NP - **
Novi, Michigan (in organization)
To become a member of the Federal Reserve System

NP - Newspaper

FR - Federal Register

* - Subject to Provisions of Community Reinvestment Act
** - Not available at this time



ANNOUNCEMENT

BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM

H.2, 1997, No. 2

Actions of the Board, its Staff, and

the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending January 11, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES

BOARD OPERATIONS

ENFORCEMENT

REGULATIONS AND POLICIES

Franklin Resources, Inc., San Mateo, California --
request by Franklin for a determination under the
Competitive Equality Banking Act of 1987, regarding
acquisition of Heine Securities Corporation, Inc.,
Short Hills, New Jersey.

Granted, January 8, 1997.

Lawrence B. Lindsey -- resignation as a Member of the
Board of Governors of the Federal Reserve System,
effective February 5, 1997.

Announced, January 10, 1997.

IBJ Schroder International Bank, Miami, Florida --
cease and desist order and order of assessment of a
civil money penalty against Roberto A.F. Roberts, a
former officer and institution-affiliated party.

Announced, January 6, 1997.

Nippon Credit Bank, Ltd., Tokyo, Japan (New York
Branch) -- cease and desist order against Brian
Gager, a former foreign exchange trader and
institution-affiliated party of the New York branch
of the bank.

Announced, January 6, 1997.

Saving and investing -- availability of a video
entitled "It's Your Money," sponsored by the Board
and the Securities and Exchange Commission.

Announced, January 8, 1997.

Section 20 subsidiaries of bank holding companies --
request for comment on amendments that would
eliminate most of the section 20 firewalls and
incorporate remaining firewalls in a statement of
operating standards.

Approved, January 8, 1997.



FEDERAL RESERVE BANK OF NEW YORK

Comment Period
Ending Date

SECTION I

Applications Subject to Newspaper
Notice Only

None.
SECTION If

Applications Subject to Both
Newspaper and Federal Register Notice

Deutsche Bank AG, Frankfurt, Germany, to acquire through German

American Capital Corporation, New York, New York ("GACC"),

indirect ownership and control of a 50 percent interest in Transatlantic

Capital Company, L.L.C, New York, New York ("Company"), and

thereby to engage in commercial real estate mortgage loan orgination

activities. Company is a joint venture between GACC and Rhodes II,

L.L.C., a Delaware limited liability company. N/A

SECTION Ii

Nonbanking Applications
(subject to Federal Register Notice Only )

None.
SECTION IV
Applications Not Involving
Public Comment
None.

SECTION V

Availability of CRA Public Evaluations

In connection with the assessment of each insured depository institution’s
CRA performance, a rating is assigned from the following group:

Outstanding record of meeting community credit needs.

An institution in this group has an outstanding record of, and

is a leader in, ascertaining and helping to meet the credit

needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.

Satisfactory record of meeting community credit needs.

An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate- income neighborhoods,
in a manner consistent with its resources and capabilities.



FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

Application

Application

A icati

TL - APP. NS S T
PAPE: ‘E_ONL
i in a
NONE
ON IT - APPL INE B: T BOT!
PER DERAL R TT.
1m Peri in at
NONE

ie N ITT - A

TIONS S E TO

FEDERAL REGISTER NOTICE ONLY
Comment Period Ending Dat
NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO

Application

FEDERAL REGISTER OR NEWSPAPER NOTICE

NONE

IN V_- AVATLABILT

stitution

*Subject to CRA.

**Rating Definitions:

Exami i Date

NONE

"Oo" - Outstanding;

‘RA.

ngn

Improve; "SN" - Substantial Noncompliance.

EVALUATION:

Rating**

- Satisfactory; "N" - Needs to



FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
:wspaper Notice Onk

Comment Period
Application _Ending Date_
Security State Bank & Trust Company, Polson, Montana February 5, 1997
to establish a branch in Polson, Montana. *
* Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Application Ending Date
G.B. Financial Services, Inc., Greenbush, Minnesota Not yet available
for prior approval to acquire 100% of the voting shares
of the Border Bancshares, Inc., Greenbush, Minnesota. *
Norwest Corporation, Minneapolis, Minnesota for prior Not yet available
approval to acquire 100% of the voting shares of the Farmers
National Bancorp, Inc., Geneseo, Illinois. *
River Falls Bancshares, Inc., River Falls, Wisconsin for prior Not yet available

approval to become a bank holding company through the acquisition
of 99.18% of the voting shares of River Falls State Bank, River Falls, Wisconsin. *

* Subject to CRA

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section Ill - Applications Subject
to Federal Register Notice Only

Comment Period
icati Ending Date
Norwest Corporation, Minneapolis, Minnesota and Norwest Not yet available
Financial Services, Inc., Des Moines, Iowa, to engage in
automobile financing through the acquisition of Reliable
Financial Services, Inc., San Juan, Puerto Rico.
Norwest Corporation, Minneapolis, Minnesota and Norwest January 24, 1997

Financial Services, Inc., Des Moines, Iowa to engage in consumer
finance and the sale, on an agency basis, of credit life and credit
accident, health and property insurance through the acquisition
of The United Group, Inc., Charlotte, North Carolina.



FEDERAL RESERVE BANK OF ST. LOUIS

FOR THE WEEK ENDING January 10, 1997
SECTION V - AVAILABILITY OF CRA PUBLIC DISCLOSURES

Identification of Ratings:

Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Substantial noncompliance in meeting community credit needs

An institution in this group has a substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.



H.2

JANUARY 6, 1997 TO JANUARY 10, 1997
PAGE 8

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS

Cleveland TFS Financial Corporation, Cleveland, Ohio, proposed
acquisition of the assets and assumption of the
liabilities of Third Federal Savings and Loan
Association of Cleveland ~- report on competitive
factors.

Submitted, January 9, 1997.

Cleveland UniBank, Steubenville, Ohio, proposed purchase of the
assets and assumption of the liabilities of
branches of National City Bank, Northeast, Akron;
at 134 Third Street, Tiltonsville; 612 Commercial
Street, Mingo Junction; and 1589 Pennsylvania
Avenue, East Liverpool, Ohio -- report on
competitive factors.

Submitted, January 9, 1997.

Secretary U.S. Bank of California, Sacramento, California,
proposed merger with Alameda First National Bank,
Alameda; The Bank of Milpitas, N.A., Milpitas;
Community First National Bank, Lafayette; Lamorinda
National Bank, Lafayette; The Bank of San Ramon
Valley, San Ramon; Commercial Bank of Fremont,
Fremont; Concord Commercial Bank, Concord; Westside
Bank, Tracey; and Modesto Banking Company, Modesto,
all in California -- report on competitive factors.

Submitted, January 10, 1997.

Dallas Woodcreek Bank, Harris County, Texas, proposed merger
with New Woodcreek, Inc. -- report on competitive
factors.

Submitted, January 9, 1997.
EXTENSIONS OF TIME

Chicago Brunsville Bancorporation, Inc., Brunsville, Iowa --
extension to April 8, 1997, to engage de novo in
selling all types of insurance.

Granted, January 8, 1997.

San Francisco Dai-Ichi Kangyo Bank, Limited Tokyo, Japan --
extension to divest certain property.
Granted, January 9, 1997.



Appli

A ica

Cumberland Bancorp, Inc.
Carthage, Tennessee
Commitment waiver request.

ve

ank 1 a

ations Not Subjec

wi

to

7



CTIO! : I F PI LUAT.

Outstanding record of meeting community credit needs.

An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.

Satisfactory record of meeting community credit needs.

An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.

Needs to Improve record of meeting community credit needs.

An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods ,
in a manner consistent with its resources and capabilities.

Substantial Noncompliance in meeting community credit needs.

An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods.
in a manner consistent with its resources and capabilities.

Date of
Bank Examination CRA Rating
Bank of Houston
5115 Main Street
P. 0. Box 8306
Houston, Texas 77288 96/09/23 Satisfactory

RSSD# 647656



FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS APPROVED DURING THE WEEK OF JANUARY 6, 1997

APP ION

Section 3(a)(3 application by
First Baird Bancshares, Inc., Baird, TX, to acquire
The Oklahoma National Bank of Duncan, Duncan, OK

Section 3(a)(3) application by
First Baird Bancshares of Delaware, Inc., Dover, DE, to
acquire The Oklahoma National Bank of Duncan, Duncan, OK

Section 3(a)(3) application by
Weatherford Bancshares, Inc., Weatherford, TX, to acquire
The Oklahoma National Bank of Duncan, Duncan, OK

Section 3(a)(3) application by
First Pecos Bancshares, Inc., Midland, TX, to acquire
First National Bank of Fort Stockton, Fort Stockton, TX

DATE

97/01/08

97/01/08

97/01/08

97/01/08


Federal Reserve Bank of Chicago

Section II - lication: ject to Both Newspa: Federal
Register Notice Cont’d
3a) Damen Financial Corporation* FR - 2-7-97
Schaumburg, Illinois NP - **
Damen National Bank
Schaumburg, Illinois
3(a)(3) Firstbank of Illinois Co.* FR - **
Springfield, Illinois NP - **

BanCentrel Corporation
Champaign, Illinois

Central National Bank of Mattoon
Mattoon, Illinois

Section III - Applications Subject to Federal Register

Notice Only cont’d
Comment Period
Type Application Ending Date
4(c)(8) Bank of Montreal FR - 1-16-97
Toronto, Canada

Cebra, Inc.
Toronto, Canada

4(c)(8) AmeriMark Financial Corporation FR - 12-20-96
Oak Brook, Illinois
Banill Corporation
Villa Park, Illinois

Section IV _- Applicati jot Subject to al Registe: SW: 1 Notice
Type Application
ROS La Salle Bancorp, Inc.

La Salle. Illinois
To redeem 16,472 shares of outstanding common
stock



H.2

JANUARY 6, 1997 TO JANUARY 10, 1997

PAGE 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES

Minneapolis

Atlanta

| Kansas City

St. Louis

Atlanta

Dallas

BANK MERGERS

Chicago

International Bancorporation, Golden Valley,
Minnesota -- to acquire Carlton County
Bancorporation, Inc., Cloquet, Minnesota, and City
National Bank of Cloquet.

Approved, January 9, 1997.

Intervest Bancshares Corporation, New York, New
York -- change in bank control.
Permitted, January 7, 1997.

Jefferson County Bancshares, Inc., Daykin, Nebraska -
- to acquire Antelope Bancshares, Inc., Elgin,
Nebraska.

Approved, January 8, 1997.

Pinnacle Bancshares, Inc., Little Rock, Arkansas -~-
to acquire Pinnacle Bank.
Approved, January 10, 1997.

Regions Financial Corporation, Birmingham, Alabama --
to acquire Florida First Bancorp, Inc., Panama
City, Florida, and Florida FirstBank, and engage in
operating a savings and loan association.

Approved, January 10, 1997.

Weatherford, Bancshares, Inc., Weatherford, Texas ~~
to acquire The Oklahoma National Bank of Duncan,
Duncan, Oklahoma.

Approved, January 8, 1997.

Pullman Bank and Trust Company, Chicago, Illinois --
to merge with Pullman Bank of Commerce & Industry,
and to establish a branch at 6100 Northwest
Highway.

Approved, January 9, 1997.



FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

The following institutions were examined for CRA. The 30-business day period the bank has to make
the evaluation public has lapsed during the week ending January 10, 1997.

Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance, a rating
is assigned from the following groups:

Outstanding record of meeting community credit needs.

An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs.

An institution in this group has a satisfactory record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Needs to improve record of meeting community credit needs.

An institution in this group needs to improve its overall record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Substantial noncompliance in meeting community credit needs.

An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank/Location Examination Date CRA Rating

NONE NONE NONE



AVAILABILITY OF CRA PUBLIC EVALUATIONS
(January 10, 1997)

The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended January 10, 1997. If you
are interested in obtaining a copy of an evaluation document, please contact the bank(s) directly.

There are four descriptive ratings for CRA:

OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.

NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire delineated.community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.

Iron and Glass Bank

1114 East Carson Street
Pittsburgh, PA 15203-1187
Rating: Satisfactory

Exam Date: 9-9-96
Disclosure Date: 1-9-97
RSSD#: 38526



H.2

JANUARY 6, 1997 TO JANUARY 10, 1997

PAGE 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES

San Francisco

San Francisco

Atlanta

Philadelphia

Dallas

Dallas

St. Louis

Kansas City

Banque Nationale de Paris, Paris, France -- request
for relief from commitment in connection with
BNP/Cooper Neff, Inc., Radnor, Pennsylvania, a
subsidiary.

Granted, January 6, 1997.

Citizens Bancorp, Corvallis, Oregon -~ to acquire
Citizens Bank.
Returned, January 9, 1997.

Colonial Bancgroup, Ine., Montgomery, Alabama -- to
merge with D/W Bankshares, Inc., Dalton, Georgia,
and acquire Dalton/Whitfield Bank & Trust, Dalton,
Georgia.

Approved, January 10, 1997.

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- to
acquire Independence Bancorp, Inc., Ramsey, New
Jersey.

Approved, January 6, 1997.

First Baird Bancshares, Inc., Baird, Texas -- to
acquire The Oklahoma National Bank of Duncan,
Duncan, Oklahoma.

Approved, January 8, 1997.

First Baird Bancshares of Delaware, Inc., Dover,
Delaware -- to acquire The Oklahoma National Bank
ef Duncan, Duncan, Oklahoma.

Approved, January 8, 1997.

First Security Bancorp, Searcy, Arkansas -- to
acquire First Community Bank, N.A., Conway,
Arkansas.

Approved, January 8, 1997.

IFB Holdings, Inc., Chillicothe, Missouri -- to
acquire Investors Federal Bank, N.A.
Approved, January 10, 1997.



FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN

APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 6, 1997

NOTICE ONLY
APPLICATION NOTICE EXP

*Section 9 application received from
Bank of the West, E1 Paso, TX, to establish a branch at
10400 Montwood Drive, E] Paso, TX 79935 97/01/18

APPLICATION ** NOTICE EXP

*Section 3(a)(1) application by

Waggoner National Bancshares, Inc., Vernon, TX,

to acquire Vernon Bancshares, Inc., Dover, DE, and

The Waggoner National Bank, Vernon, TX 97/01/23
(Previously reported during the week of 12-23-96)

*Section 3(a)(1) application by

Vernon Bancshares, Inc., Dover, DE, to acquire

The Waggoner National Bank, Vernon, TX 97/01/23
(Previously reported during the week of 12-23-96)

IT - APP

NOTICE ONLY
PPLICAT NOTICE EXP
None.
-_APPLICAT:
NEWSPAPER NOT.
PP. T
None.

SUBJECT TO CRA.

** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.



‘Type

3a)

3(a)G)

3(a)(3)

3(ay()

3@()

3@)d)

Federal Reserve Bank of Chicago

Section II - Applicati ubject to Both Ne aper and Federal
Register Notice Cont’d

Comment
Period
Application Ending Date
AmeriMark Financial Corporation.* FR - 12-20-96
Oak Brook, Illinois NP - 1-12-97
Duco Bancshares, Inc.
Villa Park, Illinois
Bank of Illinois in DuPage
Villa Park, Illinois
Security National Corporation* FR - 01-6-97
Sioux City, Iowa NP - 1-12-97
Security National Bank of South Dakota (in organization)
Dakota Dunes, South Dakota
Heartland Financial USA, Inc.* FR - 01-15-97
Dubuque, Iowa NP - 01-13-97
Cottage Grove State Bank
Cottage Grove, Wisconsin
Vermilion Bancorp, Inc.* FR - 1-24-97
Danville, Illinois NP - **
American Savings Bank of Danville
Danville, Iinois
Michigan Heritage Bancorp, Inc.* FR - 1-24-97
Novi, Michigan NP - **
Michigan Heritage Bank (in organization)
Novi, Michigan
Tron Horse Bancshares, Inc.* FR - 1-21-97
Mazomanie, Wisconsin NP - 1-13-97

The Peoples State Bank of Mazomanie, Wisconsin
Mazomanie, Wisconsin



H.2

JANUARY 6,.1997 TO. JANUARY 10, 1997

PAGE 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and

Community Affairs; FOMC -

Federal Open Market Committee; FRBO - Federal Reserve

Bank Operations; IF - International Finance; OSDM - Office of Staff Director

for Management
BANK BRANCHES, DOMESTIC

San Francisco

Richmond

Chicago

Philadelphia

Atlanta —

Cleveland

Philadelphia

BANK HOLDING COMPANIES

Chicago

Bank of Coronado, Coronado, California -- to
establish a branch at 106 B Street.
Approved, January 10, 1997.

Crestar Bank, Vienna, Virginia -- to establish a
branch in the Community Pride Plus Super Market at
500 North Harrison Street, Richmond, Virginia.

Approved, January 6, 1997.

F&M Portage County, Park Ridge, Wisconsin -- to
establish a branch at 128 Highway 10 East, Amherst,
Wisconsin.

Approved, January 8, 1997.

First Capitol Bank, York, Pennsylvania -- to
establish a branch at 2170 White Street.
Approved, January 7, 1997.

Intervest Bank, Clearwater, Florida -- to establish a
branch at 6750 Gulfport Boulevard, South Pasadena,
Florida.

Approved, January 6, 1997.

KeyBank National Association, Albany, New York -- to
establish a branch in George Town, Grand Cayman,
British West Indies.

Approved, January 9, 1997.

Orrstown Bank, Orrstown, Pennsylvania -- to establish
a branch at 22 South Hanover Street, Carlisle,
Pennsylvania.

Approved, January 7, 1997.

Bando McGlocklin Capital Corporation, Pewaukee,
Wisconsin -- to acquire InvestorsBank; and Bando
McGlocklin Small Business Lending Company; and
Bando McGlocklin Investment Corporation.

Returned, January 7, 1997.



FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending January 10, 1997

ASSIGNMENT OF RATING
Identification of Ratings

In connection with the assessment of each insured depository institution's CRA performance, a rating is
assigned from the following groups:

OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.

An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.

An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.

An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a

manner consistent with its resources and capabilities.

BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING

Grand Rapids State Bank September 23, 1996 Satisfactory
P.O. Box 409

Grand Rapids, MN 55744-0409

(218) 328-9414

Ravalli County Bank September 30, 1996 Satisfactory
224 Pickney Street

P.O. Box 113

Hamilton, MT 59840

(406) 363-1222



Substantial Noncompliance in meeting community credit needs: An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of

its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

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.



Federal Reserve Bank of Chicago

Section V - Availability of CRA Public Evaluations

The following state member banks have been examined by the Federal Reserve Bank of Chicago for
compliance with the CRA. The 30-business day period the bank has to make the evaluation public has
lapsed during the week ending January 10, 1997. If you are interested in obtaining a copy of the
evaluation document, please contact the bank(s) directly.

ation of Rati:

NI -

SN -

An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.

An institution in this group has a needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

An institution in this group has a substantial noncompliance record of

ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilies.

BANK NAME/LOCATION

EXAMINATION DATE RATINGS
American Midwest Bank & Trust

1600 West Lake Street

Melrose Park, Illinois 60160
(708) 681-8600

9/10/96

Farmers State Bank

401 Main Street

P.O. Box 428

Lake View, Iowa 51450-0428
(712) 657-825

9/16/96



Needs to improve record of meeting community credit needs.

An institution in this group needs to improve its overall record

of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate income
neighborhoods, in a manner consistent with its resources and capabilities.

Substantial noncompliance in meeting community credit needs.

An institution in this group has a substantially deficient

record of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income
neighborhoods, in a manner consistent with its resources and capabilities.

Week Ending January 11, 1997
NAME OF BANK RATING EXAMINATION DATE

None.

17 Subject to provisions of Community Reinvestment Act.
4) Later of dates specified in newspaper and Federal Repister notices.
3/ a

Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4/ Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
/A - Not Available



APPLICATIONS BULLETIN
(For the week ending January 11, 1997)

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Received Section 3A11 notification from Hindman Bancshares, Inc., * January 23, 1997
Hindman, KY on January 10, 1997, to acquire Bank of Hindman,
Hindman, KY.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE

Received Section 3(a)(5) application from Park National Corporation, *F: February 10, 1997
Newarrk, OH on February 8, 1997, to acquire First Knox Banc Corp.,
Mount Vernon, OH.

Received Notice of Change in Bank Control filed by Ms. Barbara *N: February 1, 1997
Dunlap on February 10, 1997, of her intent to acquire up to

44.520 percent of the outstanding voting shares of New Richmond

Bancorporation, New Richmond, OH.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY

NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

Received notice from Mellon Bank Corporation, Pittsburgh, Pennsylvania, of its intent to redeem
all outstanding shares of its 8.50 percent Series J Preferred Stock with a redemption date of
February 18, 1997.

* - Subject to CRA

N - Newspaper Comment Period

F - Federal Register Comment Period

# - Expected to End 30 Days from Date of Receipt