Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 8

Week Ending February 24, 2001

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions February 18, 2001 to February 24, 2001

Regulations And Policies

Regulation Y -- extension to May 1, 2001, for comments on the proposal to add real 

estate brokerage and management as permissible activities for bank and financial holding 

companies.

- Approved, February 20, 2001 

(AC) = Addition or Correction Board - Page 1 of 1
February 18, 2001 to February 24, 2001

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulatio

Consumer and Community Affai

Federal Open Market Committ

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Managemen

H.2 Actions under delegated authority

Bank Branches, Domestic

Bank of Commerce, McLean, Texas -- to establish a branch at 800 South Monroe 

Street, Amarillo.

- Approved, February 21, 2001 

Dallas

Business Bank of Nevada, Las Vegas, Nevada -- to establish a branch at 2690 East 

Sunset Road.

- Withdrawn, February 23, 2001 

San Francisco

First American Bank, Carpentersville, Illinois -- to establish a branch at the southeast 

corner of Meacham and Biesterfield Roads, Elk Grove Village.

- Approved, February 21, 2001 

Chicago

Orange County Trust Company, Middletown, New York -- to establish a branch at Big 

V Town Centre, Route 32, Vails Gate.

- Approved, February 22, 2001 

New York

Pacific Mercantile Bank, Newport Beach, California -- to establish branches at 949 

South Coast Drive, Suite 105, Costa Mesa, and 9720 Wilshire Boulevard, Suite 100, 

Beverly Hills.

- Approved, February 21, 2001 

San Francisco

Bank Holding Companies

The Chase Manhattan Bank, New York, New York -- waiver of remainder of 

notification period to make an investment through its subsidiary, Chase Manhattan 

International Finance Ltd., in the following subsidiaries, all in London, England: Chemical 

Finance Ltd., Chase EU Holdings Ltd., and Robert Fleming & Co.

- Granted, February 20, 2001 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority February 18, 2001 to February 24, 2001

Bank Holding Companies

Coast Community Bancshares, Inc. Employee Stock Ownership Plan, Biloxi, Mississippi, 

and Community Bancshares of Mississippi, Inc., Brandon -- waiver of a commitment.

- Withdrawn, February 13, 2001 (AC)

Atlanta

Fifth Third Bancorp, Cincinnati, Ohio -- commenter's request to extend the comment 

period for the proposed acquisition of Old Kent Financial Corporation, Grand Rapids, 

Michigan.

- Denied, February 14, 2001 (AC)

Secretary

PB Financial Services Corporation, Inc., Duluth, Georgia -- waiver of commitment.

- Withdrawn, February 20, 2001 

Atlanta

Persons Banking Co., Inc., Lithonia, Georgia -- to acquire The Farmers Bank, Forsyth.

- Withdrawn, February 23, 2001 

Atlanta

Rivers Ridge Holding Company, Sartell, Minnesota -- to engage de novo in leasing 

personal or real property through BankVista Leasing Company.

- Withdrawn, February 22, 2001 

Minneapolis

South Alabama Bancorporation, Inc., Mobile, Alabama -- to merge with The Peoples 

BancTrust Company, Inc., Selma, and thereby acquire The Peoples Bank and Trust 

Company.

- Withdrawn, February 20, 2001 

Atlanta

Bank Mergers

The Dakota Western Bank, Bowman, North Dakota -- to merge with West River State 

Bank, Hettinger, and establish a branch.

- Approved, February 22, 2001 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority February 18, 2001 to February 24, 2001

Bank Mergers

Security State Bank, New Hampton, Iowa -- to merge with Security State Bank, Calmar, 

and establish branches.

- Approved, February 20, 2001 

Chicago

Banks, Foreign

National Australia Bank Limited, Melbourne, Australia -- to acquire through its 

subsidiary, 02-e Limited, shares of thinkorswim, Inc., a de novo corporation in Delaware, 

and thereby engage in providing electronic retail securities brokerage services.

- Approved, February 16, 2001 (AC)

Chicago

Banks, State Member

Bankers' Bank, Madison, Wisconsin -- to establish BB Syndication Services, Inc. as a 

financial subsidiary.

- Approved, February 20, 2001 

Chicago

Iron and Glass Bank, Pittsburgh, Pennsylvania -- to purchase certain assets and assume 

the deposits of the Bethel Park branch of First Commonwealth Bank, Indiana, all in 

Pennsylvania.

- Approved, February 22, 2001 

Cleveland

Change In Bank Control

Community Grain Co., Coon Rapids, Iowa -- change in bank control.

- Permitted, February 22, 2001 

Chicago

Competitive Factors Reports

Branch Banking and Trust Company, Winston-Salem, North Carolina -- report on 

competitive factors of the proposed merger with First National Bank of Effingham, 

Springfield, Georgia.

- Submitted, February 21, 2001 

Richmond

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority February 18, 2001 to February 24, 2001

Competitive Factors Reports

Commerce Bank/Central, National Association, Flemington, New Jersey -- report on 

competitive factors of the proposed merger with Commerce Bank, National Association, 

Cherry Hill.

- Submitted, February 22, 2001 

Philadelphia

First Federal Bank, Roswell, New Mexico -- report on competitive factors of the 

proposed acquisition of the Capitan and Carrizozo branches of Ruidoso State Bank, 

Ruidoso.

- Submitted, February 23, 2001 

Dallas

First Lancaster Federal Savings Bank, Lancaster, Kentucky -- report on competitive 

factors of the proposed merger with Central Kentucky Federal Savings Bank, Danville.

- Submitted, February 20, 2001 

St. Louis

First Security Bank of Nevada, Mesquite, Nevada -- report on competitive factors of the 

proposed consolidation with Wells Fargo Bank Nevada, N.A., Las Vegas.

- Submitted, February 20, 2001 

San Francisco

Gardiner Savings Institution Federal Savings Bank, Gardiner, Maine -- report on 

competitive factors of the proposed merger with Augusta Federal Savings Bank, Augusta.

- Submitted, February 14, 2001 (AC)

Boston

National Bank of Arizona, Tucson, Arizona -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of nine Arizona branches of 

Pacific Century Bank, National Association, Encino, California.

- Submitted, February 21, 2001 

Secretary

Timberline Community Bank, Yreka, California -- report on competitive factors of the 

proposed merger with PremierWest Bank, Medford, Oregon.

- Submitted, February 20, 2001 

San Francisco

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority February 18, 2001 to February 24, 2001

Extensions Of Time

FNB Corporation, Christiansburg, Virginia -- extension to May 20, 2001, to acquire 

CNB Holdings, Inc., Pulaski.

- Granted, February 20, 2001 

Richmond

Keene Bancorp, Inc. Employee Stock Ownership Plan and Trust, Keene, Texas -- 

extension to May 30, 2001, to acquire Keene Bancorp, Inc.; First State Bank; and 

Nichols Bancshares, Inc., Dover, Delaware.

- Granted, February 22, 2001 

Dallas

Financial Holding Companies

Galva Investment, Inc., Galva, Illinois -- election to become a financial holding company.

- Effective, February 20, 2001 

Chicago

Johnson International, Inc., Racine, Wisconsin -- election to become a financial holding 

company.

- Effective, February 20, 2001 

Chicago

Peoples National Bancshares, New Lexington, Ohio -- election to become a financial 

holding company.

- Effective, February 16, 2001 (AC)

Cleveland

Tower Financial Corporation, Fort Wayne, Indiana -- election to become a financial 

holding company.

- Effective, February 23, 2001 

Chicago

Wilcox Bancshares, Inc., Grand Rapids, Minnesota -- election to become a financial 

holding company.

- Effective, February 20, 2001 

Minneapolis

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority February 18, 2001 to February 24, 2001

Membership

Landmark Community Bank, Pittston, Pennsylvania -- to become a member of the 

Federal Reserve System.

- Approved, February 16, 2001 (AC)

Philadelphia

United Bank of El Paso del Norte, El Paso, Texas -- to become a member of the 

Federal Reserve System and to establish a branch.

- Approved, February 21, 2001 

Secretary

(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, February 24, 2001

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, February 24, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBRO-BD Bank of Communications, People’s Republic of China, to

establish a representative office in Los Angeles, California

Newspaper – N/A

* 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

BKBRX Abby National Treasurey Services plc, London, United

Kingdom, to establish a branch in Stamford, Connecticut.

N/A

* 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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, February 24, 2001

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, February 24, 2001

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

615217 North Side Bank and Trust Company

4125 Hamilton Avenue

Cincinnati, OH 45223

12/04/2000 02/21/2001 Sat X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, February 24, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Centura Bank, Rocky Mount, North Carolina, to establish a

branch at 3201 Beechleaf Court, Raleigh, North Carolina.*

Newspaper - 03/06/2001

Branch The Bank of Marion, Marion, Virginia, to establish a branch at

3124 Lee Highway Suite 1, Bristol, Virginia .*

Newspaper - 03/06/2001

*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

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, February 24, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 120 McFarland Boulevard, West, Northport, Alabama.

02/26/2001*

Branch Palm Beach County Bank, Boynton Beach, Florida, to establish

a branch located at 4801 Linton Boulevard, Delray Beach,

Florida.

02/28/2001*

*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

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Southern Community Bancorp, Orlando, Florida, after-the-fact

notification, to retain 50 percent equity interest acquired in

Southern Community Banc Mortgage, LLC, Longwood, Florida,

through joint venture with American Heritage Mortgage

Corporation, Longwood, Florida, and thereby engage in

brokering loans, pursuant to section 4(c)(8) of the Bank Holding

Company Act and section 225.28(b)(1) of Regulation Y.

03/16/2001
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

3(a)(1) Giant Holdings, Inc., Fort Lauderdale, Florida, notice to become

a bank holding company by acquiring Landmark Bank, N.A.,

Fort Lauderdale, Florida.

Member Newnan Coweta Bank, Newnan, Georgia, to become a member

of the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

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, February 24, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18c &

 Branch

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior

approval to merge with M&I Bank of LaCrosse, LaCrosse,

Wisconsin, M&I Bank South Central, Watertown, Wisconsin,

M&I Bank South, Janesville, Wisconsin, M&I Bank of

Mayville, Mayville, Wisconsin, M&I Community State Bank,

Eau Claire, Wisocnsin, M&I Bank of Southern Wisconsin,

Madison, Wisconsin and M&I Thunderbird Bank, Phoenix,

Arizona and thereby to establish 74 branches.*

Newspaper – 02/24/2001

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

4(c)(8) Ames National Corporation, Ames, Iowa, for permission to

retain its current 5.39% investment in Mahaska Investment

Company, Oskaloosa, Iowa, and thereby indirectly acquire

Midwest Federal Savings and Loan Association of Eastern Iowa,

Burlington, Iowa, and Central Valley Bank, Ottumwa, Iowa.*

Fed Reg – 02/05/2001

Newspaper – 03/15/2001

3(a)(5) AmericaUnited Bancorp, Inc., Schaumburg, Illinois, for prior

approval to acquire 100 percent of the voting shares of National

Bancorp, Inc., Sycamore, Illinois and thereby indirectly acquire

American National Bank of DeKalb County, Sycamore,

Illinois.*

Fed Reg – 03/09/2001

Newspaper – N/Avail

3(a)(1) BSB Community Bancorporation, Inc., Benton, Wisconsin, for

prior approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Benton State

Bank, Benton, Wisconsin.*

Fed Reg – 02/26/2001

Newspaper – 02/21/2001

CIC Notification by Frank D. Neese of a Change in Control, to

retain control of First Community Bancshares, Inc., Bargersville,

Indiana.

Fed Reg – 02/05/2001

Newspaper – 02/26/2001
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

CIC Notification by Harry Pike Schaller of a Change in Control, that

his ownership in FNC, Inc., Storm Lake, Iowa, increased from

20.8% to 39.8%.

Fed Reg – 03/02/2001

Newspaper – N/Avail

3(a)(3) Grant County State Bancshares, Inc. Employees Stock

Ownership Plan, Swayzee, Indiana, for prior approval to acquire

30.02 percent of the voting shares of Grant County State

Bancshares, Inc., Swayzee, Indiana and thereby indirectly

acquire Grant County State Bank, Swayzee, Indiana.*

Fed Reg – 03/19/2001

Newspaper – N/Avail

3(a)(3) Heartland Bancorp, Inc., Bloomington, Illinois, for prior

approval to acquire 100 percent of the voting shares of Court

Acceptance Company, Pekin, Illinois and thereby indirectly

acquire First State Bank of Pekin, Pekin, Illinois.*

Fed Reg – 03/22/2001

Newspaper – N/Avail

3(a)(3) Ida Grove Bancshares, Inc., Ida Grove, Iowa, proposes to

acquire at least 80.1% and up to 100% of Alliance Bancshares,

Inc., Rockwell City, Iowa, and thereby indirectly acquire

Alliance Bank, Rockwell City, Iowa.*

Fed Reg – 03/12/2001

Newspaper – 03/09/2001

3(a)(3) United Bancorp, Inc., Tecumseh, Michigan, for prior approval to

acquire 100 percent of the voting shares of United Bank &

Trust-Washtenaw (in organization), Ann Arbor, Michigan.*

Fed Reg – 03/02/2001

Newspaper – 02/24/2001

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) AmericaUnited Bancorp, Inc., Schaumburg, Illinois, notification

of intent to retain and continue to engage in the activity of

purchasing loan participations from its subsidiary bank and

thereby engage in extending credit and servicing loans.

Fed Reg – 02/20/2001

4(c)(8) Bank One Corporation, Chicago, Illinois, notification of intent to

expand its investment in existing community development

activities currently conducted by its subsidiaries.

Fed Reg – 03/13/2001

4(c)(8) Comerica Incorporated, Detroit, Michigan, notification of intent

to acquire, through NYCE Corporation, Woodcliff Lake, New

Jersey, voting interests of SecureAccess Company, LLC.

Fed Reg – N/Avail
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Regulation K Comerica Bank, Detroit, Michigan, for prior approval to

establish a branch office in Toronto, Canada.

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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, February 24, 2001

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

3(a)(5)(C) Notice by Bearden Bancshares, Inc., Bearden, Arkansas, to

become a bank holding company through the acquisition of

Bank of Bearden, Bearden, Arkansas.
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, February 24, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branch Dacotah Bank, Rolla, North Dakota, to merge with First

National Bank, Bowbells, North Dakota, and incident thereto

establish branches in Bowbells, Minot, and Flaxton, North

Dakota.

N/Avail.

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

4(c)(8)LLD Native American Bancorporation, Co., Denver, Colorado, to

engage in community development activities through Native

American Community Development Corporation, Denver,

Colorado.

N/Avail.

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

Type Application

SRNEW Northern Plains Bancshares, Inc., Thief River Falls, Minnesota,

proposes to redeem 407.3 shares (31.5%) of common stock.
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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, February 24, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Sylvan State Bank, Sylvan Grove, Kansas, for prior approval to

establish a branch at 917 NE Woods Chapel Road, Lee’s

Summit, Missouri.

Newspaper – 03/17/2001

18(c) Sylvan State Bank, Sylvan Grove, Kansas, for prior approval to

merge with Boonslick Bank, Boonville, Missouri, and thereby

establish additional branches.

Newspaper – 03/17/2001

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

Type Application

Ending date of

comment period

3(a)(1) Cowboy State Bancorp, Inc., Ranchester, Wyoming, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Tongue River

Valley Bancshares, Inc., Ranchester, Wyoming, and thereby

indirectly acquire Ranchester State Bank, Ranchester, Wyoming.

Newspaper – 03/24/2001

Fed Reg – 03/22/2001

3(a)(3) CCB Corporation, Kansas City, Missouri, for prior approval to

increase its ownership interest from 34.05 percent to 45.0

percent of the voting shares of Acquisition Corporation,

Leawood, Kansas.

Newspaper – 03/05/2001

Fed Reg – 03/02/2001

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) First Ainsworth Company, Ainsworth, Nebraska, for prior

approval to engage in certain lending activities.

Fed Reg – N/A
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

S/R United Nebraska Financial Company, Grand Island, Nebraska,

for prior approval to redeem 50,000 shares of its voting common

stock.

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, February 24, 2001

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) Texas Financial Bancorporation, Inc., Minneapolis, MN, and

Delaware Financial, Inc., Wilmington, DE, to acquire

First National Bank of Texas, Decatur, TX*

(previously reported the week ending February 17, 2001)

Fed Reg – 03/23/2001

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

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, February 24, 2001

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)(1) Valley Bancorp to become a Bank Holding Company as the

result of the corporate reorganization of Valley Bank, both of

Henderson, Nevada.*

Newspaper – N/Avail

Fed Reg. – N/A Avail

3(a)(1) SouthWestUSA Corporation, to become a bank holding

company by acquiring Southwest USA Bank (in organization),

both of Las Vegas, Nevada.*

Newspaper – N/Avail

Fed Reg. – 03/26/2001

* 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

COM First Coastal Bancshares, El Segundo, California requests a

relief of a debt commitment made in connection with the

application to acquire 100 percent of First Coastal Bank,

National Association, El Segundo, California.
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