Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 15

Week Ending April 12, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions April 6, 2003 to April 12, 2003

Testimony And Statements

Check Truncation -- statement by Vice Chairman Ferguson on the Check Clearing for 

the 21st Century Act before the Subcommittee on Financial Institutions and Consumer 

Credit of the House Committee on Financial Services.

- Published, April 8, 2003 

Bank Holding Companies

The Charles Schwab Corporation, San Francisco, California -- to acquire Charles 

Schwab Bank, National Association, Reno, Nevada, a de novo bank.

- Approved, April 7, 2003 

Board Operations

Officer Promotions and Appointments -- promotions of Marianne Emerson to Director, 

and Maureen Hannan to Deputy Director in the Division of Information Technology, and 

appointment of H. Fay Peters as Deputy Director in the Management Division.

- Approved, April 9, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
April 6, 2003 to April 12, 2003

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 Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Arvest Bank, Fayetteville, Arkansas -- to merge with The Bank of Yellville, Yellville, and 

thereby establish branches.

- Approved, April 8, 2003 

St. Louis

Bank of Colorado, Fort Collins, Colorado -- to establish a branch at 111 South Rollie 

Avenue, Fort Lupton.

- Approved, April 7, 2003 

Kansas City

The Bank of Marion, Marion, Virginia -- to establish a branch at 744 Beaver Dam 

Avenue, Damascus.

- Approved, April 9, 2003 

Richmond

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

Wildcat Reserve Parkway and South Daniels Park Road, Denver, Colorado; East 6th 

Avenue and Chambers Road; West Peoria Avenue and Interstate 17, Phoenix, Arizona; 

Southwest Highway 200 and Tarton, Ocala, Florida; and Dalrock Road and Highway 

66, Dallas, Texas.

- Approved, April 7, 2003 

Atlanta

Farmers State Bank, Victor, Montana -- to establish a branch at 11000 Highway 93 

South, Lolo.

- Approved, April 10, 2003 

Secretary

First Bank, St. Louis, Missouri -- to establish a branch at 4000 Green Mount Crossing 

Drive, Shiloh, Illinois.

- Approved, April 9, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority April 6, 2003 to April 12, 2003

Bank Branches, Domestic

Patriot Bank, Pottstown, Pennsylvania -- to establish a branch at 155 Shillington Road, 

Sinking Spring.

- Approved, April 9, 2003 

Philadelphia

SunTrust Bank, Atlanta, Georgia -- to establish branches at 2095 Highway 211, 

Northwest, Braselton; 2235 Glenwood Avenue, Atlanta; 3317 Buford Highway, Atlanta; 

2148 South Cobb Drive, Smyrna; 3550 Centerville Highway, Lithonia; the intersection of 

Mars Hills and Stilesboro Roads, Acworth; the intersection of Georgia Highway 74 and 

Holly Grove Road, Peachtree City; and at 124 Shawan Road, Hunt Valley, Maryland.

- Approved, April 10, 2003 

Secretary

Bank Holding Companies

Arvest Bank Group, Inc., Bentonville, Arkansas -- to acquire Mountain Bancshares, Inc., 

Yellville, and The Bank of Yellville.

- Approved, April 9, 2003 

St. Louis

Central Financial Corporation, Hutchinson, Kansas -- to acquire shares of Royal Palm 

Bank of Florida, Naples, Florida.

- Withdrawn, April 9, 2003 

Kansas City

FCB Financial Services, Inc., Marion, Arkansas -- to become a bank holding company 

through the acquisition of First Community Bank of Eastern Arkansas.

- Withdrawn, April 10, 2003 

St. Louis

McCreary National Bancorp, Inc., Corbin, Kentucky -- to acquire McCreary National 

Bank, Whitley City.

- Approved, April 8, 2003 

Cleveland

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority April 6, 2003 to April 12, 2003

Bank Holding Companies

MountainBank Financial Corporation, Hendersonville, North Carolina -- to merge with 

CNB Holdings, Inc., Pulaski, Virginia, and thereby acquire Community National Bank.

- Approved, April 9, 2003 

Richmond

PBFC Holding Company, Bude, Mississippi -- to become a bank holding company 

through the acquisition of Peoples Bank of Franklin County.

- Withdrawn, April 11, 2003 

Atlanta

Premier Bancshares, Inc., Jefferson City, Missouri -- to acquire shares of Mid-America 

Bancorp, Inc., Jewell, Kansas, and thereby acquire Heartland Bank.

- Approved, April 8, 2003 

St. Louis

Sterling BancGroup, Inc., Lantana, Florida -- to become a bank holding company 

through the acquisition of Sterling Bank.

- Withdrawn, April 10, 2003 

Atlanta

Total Bancshares Corporation, Miami, Florida -- to become a bank holding company 

through the acquisition of TotalBank.

- Withdrawn, April 11, 2003 

Atlanta

Town Bankshares, Ltd., Delafield, Wisconsin -- to engage de novo in credit extension.

- Returned, April 10, 2003 

Chicago

Banks, Foreign

Union Bank of Israel Ltd., Tel Aviv, Israel -- to establish a representative office in New 

York, New York.

- Approved, April 10, 2003 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority April 6, 2003 to April 12, 2003

Change In Bank Control

Farmers Bancshares, Inc., Hardinsburg, Kentucky -- change in bank control.

- Permitted, April 10, 2003 

St. Louis

Midwest Bancorporation, Inc. and Affiliates ESOP Trust, Poplar Bluff, Missouri. -- 

change in bank control.

- Permitted, April 8, 2003 

St. Louis

Competitive Factors Reports

Algiers Bancorp, Inc., New Orleans, Louisiana -- report on competitive factors of the 

proposed merger with SNB, Inc., Eureka, California.

- Submitted, April 9, 2003 

Atlanta

Busey Bank Florida, Fort Myers, Florida -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of Crown Bank, FSB, 

Casselberry.

- Submitted, April 9, 2003 

Atlanta

Habib American Bank, New York, New York -- report on competitive factors of the 

proposed acquisition of Habib Bank of New Jersey, Edison, New Jersey.

- Submitted, April 8, 2003 

New York

Heritage Bank, Wood River, Nebraska -- report on competitive factors of the proposed 

merger with City National Bank and Trust Company, Hastings.

- Submitted, April 11, 2003 

Kansas City

Old Florida Bank, Fort Myers, Florida -- report on competitive factors of the proposed 

merger with Marine National Bank of Naples, Collier.

- Submitted, April 9, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority April 6, 2003 to April 12, 2003

Competitive Factors Reports

Peoples State Bank, Hamtramck, Michigan -- report on competitive factors of the 

proposed merger with PSB Interim Bank.

- Submitted, April 9, 2003 

Chicago

Southwest State Bank, Sentinel, Oklahoma -- report on competitive factors of the 

proposed merger with Southwest State Corporation.

- Submitted, April 11, 2003 

Kansas City

Union Planters Bank, National Association, Memphis, Tennessee -- report on 

competitive factors of the proposed merger with Union Planters Bank of Northwest 

Tennessee, FSB, Paris.

- Submitted, April 8, 2003 

St. Louis

Extensions Of Time

Bank of Clarke County, Berryville, Virginia -- extension to August 22, 2003, to establish 

a branch at 400 McNeil Drive.

- Granted, April 11, 2003 

Richmond

First Vantage Bank/Tri-Cities, Bristol, Virginia -- extension to June 13, 2003, to establish 

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

- Granted, April 10, 2003 

Richmond

IBT Bancorp, Inc., Dallas, Texas, and IBT Delaware Bancorp, Inc., Dover, Delaware -- 

extensions to July 16, 2003, to become bank holding companies through the acquisition 

of Independent Bank of Texas, Irving, a de novo bank, and for Independent Bank of 

Texas to become a member of the Federal Reserve System.

- Granted, April 10, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority April 6, 2003 to April 12, 2003

Membership

Bank of Plato, Plato, Missouri -- to become a member of the Federal Reserve System.

- Approved, April 9, 2003 

St. Louis

Ireland Bank, Malad City, Idaho -- withdrawal from membership in the Federal Reserve 

System.

- Granted, April 9, 2003 

San Francisco

Kane County Bank, Elburn, Illinois -- to become a member of the Federal Reserve 

System.

- Withdrawn, April 7, 2003 

Chicago

Yorkville National Bank, Yorkville, Illinois -- to become a member of the Federal 

Reserve System.

- Withdrawn, April 7, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 6 of 6
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, April 12, 2003

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, April 12, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18c Manufacturers and Traders Trust Company, Buffalo, New York, 

to merge Allfirst Financial Center National Association, 

Milsboro, Delaware, with and into M&T Bank, Buffalo, New 

York.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3a1 Sleepy Hollow Bancorp, Inc., to become a one-bank holding 

company with respect to Sleepy Hollow Bank, both of Sleepy 

Hollow, New York.

Newspaper – N/Avail

Fed. Reg. – N/Avail

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, April 12, 2003

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, April 12, 2003

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, April 12, 2003

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

1401387 Old Line Bank

2995 Crain Highway

Waldorf, Maryland 20601

01/27/2003 04/06/2003 S X

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, April 12, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 2170 Gause Boulevard E, Slidell, Louisiana, to be 

known as the Slidell Branch.*

Newspaper-04/24/2003

Branch Bay Bank, Theodore, Alabama, to establish a branch located at 

5808 Highway 90 West, Suite F, Theodore, Alabama, to be 

known as the Operations Center Branch.*

Newspaper-04/21/2003

Branch The Peachtree Bank, Duluth, Georgia, to establish a branch 

located at 185 Gwinnett Drive, Lawrenceville, Georgia.*

Newspaper-04/23/2003

FBSEA Banco Sabadell, Miami, Florida, to convert its existing state 

chartered international bank agency into a state chartered 

international bank branch.

Newspaper-04/25/2003

*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)(1) Central Georgia Banking Company, Cochran, Georgia, to 

become a bank holding company by acquiring State Bank of 

Cochran, Cochran, Georgia.*

Newspaper-N/Avail 

Fed Reg-N/Avail

CIC Prior change in control notification filed by Jeannie Kicklighter 

Beck, to acquire 1.5 percent of the outstanding shares of First 

Citizens Bankshares, Inc., Glennville, Georgia. Total pro forma 

ownership will be 26.1 percent.

Newspaper-04/08/2003

Fed Reg-03/31/2003

3(a)(5) Main Street Banks, Inc., Kennesaw, Georgia, to merge with First 

Colony Bancshares, Inc., and thereby acquire its subsidiary, 

First Colony Bank, both of Alpharetta, Georgia.*

Newspaper-03/22/2003

Fed Reg-03/14/2003

* 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

COM Newnan Coweta Bancshares, Inc., Newnan, Georgia, 

commitment waiver request.

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, April 12, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Comerica Bank, Detroit, Michigan, to establish a branch facility 

to be located at 41100 Fox Run Road, Novi, Michigan.*

Newspaper – 04/23/2003

18(c) & & 

Branches

Comerica Bank, Detriot, Michigan, to merge with Comerica 

Bank-Texas, Dallas, Texas and Comerica Bank-California, San 

Jose, California, and thereby to establish 158 branches.*

Newspaper – N/Avail

Branch Delafield State Bank, Delafield, Wisconsin, to establish a branch 

facility to be located at 222 North Midvale Blvd., Suite 8, 

Madison, Wisconsin.*

Newspaper – 04/04/2003

* 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 Notice by Commerce Bancorp Rabbi Trust, Berkeley, Illinois, 

to increase ownership from 9.97 percent to 10.21 percent of 

Commerce Bancorp, Inc., Berkeley, Illinois, and thereby 

indirectly acquire control of National Bank of Commerce, 

Berkeley, Illinois.

Fed Reg – 04/28/2003 

Newspaper – N/Avail

3(a)(3) National Bancshares, Inc., Bettendorf, Iowa, to acquire at least 

400,000 shares, or 33.56 percent of Benchmark Bancorp, Inc., 

Aurora, Illinois, and thereby indirectly Benchmark Bank, 

Aurora, Illinois.*

Fed Reg – 04/18/2003 

Newspaper – N/Avail

3(a)(1) PNB Bancshares, Inc., Pekin, Illinois, to become a bank holding 

company by acquiring 100 percent of the voting shares of Pekin 

National Bank, Pekin, Illinois.*

Fed Reg – N/Avail 

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

Type Application

Ending date of

comment period

CIC Notice by Myron Lee (Sam) Scott to acquire an additional 867 

shares, or 11.55 percent and thereby increase control to 21.14 

percent of Scott Bancshares, Inc., Bethany, Illinois, and thereby 

indirectly control Scott State Bank, Bethany, Illinois; Maroa 

Forsythe Community Bank, Maroa, Illinois; and State Bank of 

Niantic, Niantic, Illinois.

Fed Reg – 05/01/2003 

Newspaper – N/Avail

CIC Notice by Francis E. Powers, to acquire 49.78 percent of the 

voting shares of Union Bancorporation, Defiance, Iowa, and 

thereby indirectly acquire Defiance State Bank, Defiance, Iowa.

Fed Reg – 04/17/2003

Newspaper – N/Avail

* 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

Commitment American Heartland Bancshares, Inc., Sugar Grove, Illinois, 

request relief from the commitment not to incur any debt 

without the prior written approval of the Federal Reserve 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.

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

130943 Pullman Bank & Trust Co.

1000 E. 111th Street

Chicago, Ilinois 60628

(773) 602-8200

10/21/2002 04/07/2003 O X

297734 Peoples State Bank of Mansfield

1 Jefferson

Mansfield, Illinois 61854

(217) 489-2271

11/18/2002 04/11/2003 S X

177742 Citizens Bank & Trust

100 Eddy Stone Drive

Hudson, Iowa 50643

(309) 452-1186

08/26/2002 04/08/2003 S X

37743 Calumet County Bank

103 N. Main Street

Brillion, Wisconsin 54110

(920) 756-2181

11/18/2002 04/08/2003 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, April 12, 2003

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 Notice by Tommy W. Ross, Milan, Tennessee, to increase 

control of Hometown Bancorp, Inc., Milan, Tennessee. 

(Previously submitted during the week ending April 5, 2003)

Newspaper – 04/14/2003

Fed Reg – 04/21/2003

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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, April 12, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Big Sky Western Bank, Big Sky, Montana, to establish a branch 

facility at 106 East Babcock, Bozeman Montana.*

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act.

Section II – Applications subject to both newspaper and Fede ral Register notice

Type Application

Ending date of

comment period

CIC Change in control notice by the Robert E. Meyerson Revocable 

Trust and the Suzanne L. Meyerson Revocable Trust, to gain 

control of Cattail Bancshares, Inc., Atwater, Minnesota, and 

thereby indirectly gain control of State Bank of Kimball, 

Kimball, Minnesota, and Atwater State Bank, Atwater, 

Minnesota.

Fed Reg - 04/15/2003

Newspaper - N/Avail

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

550756 First American Bank & Trust, 

Madison, South Dakota

11/13/02 04/11/03 O 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, April 12, 2003

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)(3) Citizens Bancshares Employee Stock Ownership Plan, Edmond, 

Oklahoma, to acquire up to 40 percent of the voting shares of 

Citizens Bancshares, Inc., parent of Citizens Bank of Edmond, 

both in Edmond, Oklahoma.

Newspaper - N/Avail 

Fed Reg - 05/12/2003

3(a)(3) The Farmers State Bank Employee Stock Ownership Plan, Fort 

Morgan, Colorado, to acquire up to 38 percent of the voting 

shares of F.S.B. Bancorporation of Fort Morgan, parent of 

Farmers State Bank, both in Fort Morgan, Colorado.

Newspaper - 04/20/2003

Fed Reg - N/Avail

CIC Notice by Jeffrey L. Gerhart, Newman Grove, Nebraska, to 

acquire control of First Newman Grove Bankshares Corporation, 

Newman Grove, Nebraska, parent of The First National Bank of 

Newman Grove, Newman Grove, Nebraska.

Newspaper - N/Avail 

Fed Reg - N/Avail

CIC Notice by M. Brian Yarrington, Thermopolis, Wyoming, to 

acquire control of State Holding Company, parent of First State 

Bank of Thermopolis, both in Thermopolis, Wyoming.

Newspaper - N/Avail 

Fed Reg - 04/22/2003

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 2

nd Quarter of 2003

Institution Location

The Bank of Broadmoor Colorado Springs, Colorado

The Bank of Durango Durango, Colorado

Community Bank of the Rockies LaJara, Colorado

The First State Bank Ness City, Kansas

St. Marys State Bank St. Marys, Kansas

Southwest Bank Ulysses, Kansas

Kearney Commercial Bank Kearney, Missouri

Community Bank and Trust Neosho, Missouri
Section VI – CRA examinations scheduled for 2

nd Quarter of 2003

Institution Location

Adams Bank & Trust Ogallala, Nebraska

Pinnacle Bank Papillion, Nebraska

The Bank of Belen Belen, New Mexico

Citizens Security Bank & Trust Co. Bixby, Oklahoma

Bank of Commerce Chelsea, Oklahoma

Chickasha Bank & Trust Co. Chickasha, Oklahoma

First Bank of Haskell Haskell, Oklahoma

Morris State Bank Morris, Oklahoma

First State Bank Picher, Oklahoma

First American Bank & Trust Co. Purcell, Oklahoma

Weleetka State Bank Weleetka, Oklahoma

Bank of Commerce Wetumka, Oklahoma

Bank of Wyandotte Wyandotte, Oklahoma

Canadian State Bank Yukon, Oklahoma

Cowboy State Bank Ranchester, Wyoming

First State Bank of Wheatland Wheatland, Wyoming

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

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

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

circumstances.
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, April 12, 2003

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) Jere J. Ruff Family Limited Partnership II, Longview, TX, to 

acquire The First State Bank, Hallsville, TX*

Fed Reg – 05/09/2003

Newspaper – 05/22/2003

3(a)(3) Ruff Management, L.L.C., Longview, TX, and Ruff Partners, 

Ltd., Longview, TX, to acquire The First State Bank, Hallsville, 

TX* 

Fed Reg – 05/09/2003

Newspaper – 05/22/2003

3(a)(5) First National Monahans Bancshares, Inc., Monahans, TX, to 

acquire First Haskell Bancorp, Inc., Lubbock, TX, and First 

National Bank, Lubbock, TX*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) Premier Bancshares, Inc., Dallas, TX, Premier Delaware 

Bancshares, Inc., Dover, DE, and Synergy Financial Group, 

Waco, TX, to acquire Synergy Bank, S.S.B., Waco, TX*

Fed Reg – 05/01/2003

Newspaper – 04/26/2003

3(a)(1) Premier Delaware Bancshares, Inc., Dover, DE, and Synergy 

Financial Group, Waco, TX, to acquire Synergy Bank, S.S.B., 

Waco, TX*

Fed Reg – 05/01/2003

Newspaper – 04/26/2003

3(a)(1) Synergy Financial Group, Waco, TX, to acquire Synergy Bank, 

S.S.B., Waco, TX*

Fed Reg – 05/01/2003

Newspaper – 04/26/2003

CIC Mr. Jerry L. Clark, De Leon, TX, only notificant to acquire an 

interest in F & M Bancshares, Inc., De Leon, TX (Previously 

reported the week ending April 5, 2003)

Fed Reg – 04/24/2003

Newspaper – 04/29/2003

3(a)(1) RAM Security Holdings, Ltd., Waco, TX, and RAM Security 

Holdings GP, Inc., Waco, TX, to acquire Security Bancshares, 

Inc., Waco, TX* (Previously reported the week ending April 5, 

2003)

Fed Reg – 05/02/2003

Newspaper – 05/02/2003
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) RAM Security Holdings GP, Inc., Waco, TX, to acquire RAM 

Security Holdings, Ltd., Waco, TX, and Security Bancshares, 

Inc., Waco, TX* (Previously reported the week ending April 5, 

2003)

Fed Reg – 05/02/2003

Newspaper – 05/02/2003

3(a)(3) Southwest Bancorporation of Texas, Inc., Houston, TX, to 

acquire Maxim Financial Holdings, Inc., Dickinson, TX, Maxim 

Financial Holdings of Delaware, Inc., Wilmington, DE, and 

Maxim Bank, Dickinson, TX* (Previously reported the week 

ending April 5, 2003)

Fed Reg – 05/05/2003

Newspaper – 05/01/2003

* 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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, April 12, 2003

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 regula tion 

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