Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 19 

Week Ending May 11, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions May 5, 2002 to May 11, 2002 

Enforcement 

Banco Mercantil, C.A., S.A.C.A., New York, New York -- issuance of a cease and 

desist order against Pedro Cabrera, a former employee of Banco Mercantil's New York 

agency. 

- Announced, May 10, 2002 

Bank of the Orient, San Francisco, California -- issuance of a cease and desist order. 

- Announced, May 10, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

Richmond 

Alliance Bank Corporation, Fairfax, Virginia -- to establish a branch at 11730 Plaza 

America Drive, Reston. 

- Approved, May 6, 2002 

Richmond 

Bruceton Bank, Bruceton Mills, West Virginia -- to establish a branch at 102 Venture 

Drive, Morgantown. 

- Approved, May 8, 2002 

San Francisco 

Community Bank of Nevada, Las Vegas, Nevada -- to establish a branch at 400 South 

Fourth Street. 

- Approved, May 8, 2002 

Atlanta 

Compass Bank, Birmingham, Alabama -- to establish mobile branches to serve certain 

cities in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. 

- Approved, May 9, 2002 

Philadelphia 

Equity Bank, Marlton, New Jersey -- to establish a branch at Marter Avenue and Marne 

Highway, Moorestown. 

- Approved, May 8, 2002 

Cleveland 

Fifth Third Bank Western Michigan, Grand Rapids, Michigan -- to establish a branch at 

410 South Greenville West Drive, Greenville. 

- Approved, May 6, 2002 

Chicago 

First Midwest Bank, Buffalo Grove, Illinois -- to establish a branch at 555 West Dundee 

Road. 

- Approved, May 7, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 7 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

Bank Branches, Domestic 

Richmond 

Sandy Spring Bank, Olney, Maryland -- to establish a branch at 8921 Fingerboard 

Road, Frederick. 

- Approved, May 8, 2002 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 720 Dacula Road, Dacula. 

- Approved, May 10, 2002 

Bank Holding Companies 

St. Louis 

Allegiant Bancorp, Inc., St. Louis, Missouri -- to establish Allegiant Capital Corporation 

and thereby engage indirectly in real estate and personal property appraising, financial and 

investment advisory activities, and acting as agent for the private placement of securities. 

- Approved, May 6, 2002 

Chicago 

Ames National Corporation, Ames, Iowa -- to acquire United Bank & Trust N.A., 

Marshalltown, a de novo bank. 

- Approved, May 9, 2002 

Richmond 

Community First Financial Corporation, Lynchburg, Virginia -- to become a bank holding 

company through the acquisition of Community First Bank. 

- Approved, May 6, 2002 

Philadelphia 

First Leesport Bancorp, Inc., Wyomissing, Pennsylvania -- to acquire shares of Liberty 

Centre Bancorp, Pottsville, and thereby acquire shares of Liberty Savings Bank, FSB and 

engage in owning, controlling, and operating a savings association. 

- Approved, May 7, 2002 

Kansas City 

First York Ban Corp., York, Nebraska -- to acquire additional shares of NebraskaLand 

Financial Services, Inc., North Platte. 

- Approved, May 8, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 7 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

Bank Holding Companies 

Kansas City 

Lauritzen Corporation, Omaha, Nebraska -- to acquire shares of First National of 

Nebraska, Inc. 

- Approved, May 8, 2002 

Chicago 

Metropolitan Bank Group, Inc., Chicago, Illinois; Metropolitan Bancorp, Inc.; and Plaza 

Bancorp, Inc., Norridge -- to acquire Firstcom Bancorp, Inc., Chicago, and thereby 

indirectly acquire First Commercial Bank. 

- Approved, May 7, 2002 

San Francisco 

Pacific State Bancorp, Stockton, California -- to become a bank holding company 

through the acquisition of Pacific State Bank. 

- Approved, May 7, 2002 

Atlanta 

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

- Granted, May 10, 2002 

Chicago 

Peoples Bancorp, Rock Valley, Iowa -- to become a bank holding company through the 

acquisition of Peoples Bank, and to retain Peoples Financial Inc. and thereby engage in 

insurance activities. 

- Approved, May 8, 2002 

Bank Mergers 

Chicago 

Midwest Bank and Trust Company, Elmwood Park, Illinois -- to merge with Midwest 

Bank of Hinsdale, Hinsdale, and Midwest Bank of McHenry County, Union, and thereby 

establish branches. 

- Withdrawn, May 9, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 7 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

Bank Mergers 

Richmond 

Virginia Heartland Bank, Fredericksburg, Virginia -- to merge with Caroline Savings 

Bank, Bowling Green. 

- Approved, May 9, 2002 

Banks, State Member 

New York 

JPMorgan Chase Bank, New York, New York -- to extend the corporate existence of 

J.P. Morgan Chase International Inc. for 20 years. 

- Approved, May 8, 2002 

Change In Bank Control 

Atlanta 

First Bancshares of Baton Rouge, Inc., Baton Rouge, Louisiana -- change in bank control. 

- Permitted, May 6, 2002 

San Francisco 

San Juan Bank Holding Company, Friday Harbor, Washington -- change in bank control. 

- Permitted, May 7, 2002 

Competitive Factors Reports 

Chicago 

Amicus FSB, Cicero, Illinois -- report on competitive factors of the proposed merger 

with CIBC National Bank, Maitland, Florida. 

- Submitted, May 8, 2002 

Chicago 

BankIllinois, Champaign, Illinois -- report on competitive factors of the proposed merger 

with First Trust Bank of Shelbyville, Shelbyville. 

- Submitted, May 8, 2002 

San Francisco 

Butte Community Bank, Paradise, California -- report on competitive factors of the 

proposed merger with Butte Merger Company, Chico. 

- Submitted, May 9, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 7 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

Competitive Factors Reports 

Kansas City 

Central Bank of Kansas City, Kansas City, Missouri -- report on competitive factors of 

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

Harrisonville, and Kansas City, branches of Horizon National Bank, Leawood, Kansas. 

- Submitted, May 8, 2002 

San Francisco 

Dillard National Bank, Gilbert, Arizona -- report on competitive factors of the proposed 

merger with Dillard National Bank, Baton Rouge, Louisiana. 

- Submitted, May 9, 2002 

Chicago 

Farmers & Merchants State Bank, Waterloo, Wisconsin -- report on competitive factors 

of the proposed merger with New Farmers & Merchants State Bank. 

- Submitted, May 8, 2002 

Richmond 

First Federal Savings and Loan Association of Charleston, Charleston, South Carolina --

report on competitive factors of the proposed merger with Peoples First Federal Savings 

and Loan Association of South Carolina, Conway. 

- Submitted, May 10, 2002 

Kansas City 

First National Bank of Yuma, Yuma, Colorado -- report on competitive factors of the 

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

branch of Centennial Bank of the West, Fort Collins. 

- Submitted, May 7, 2002 

Kansas City 

Horizon National Bank, Leawood, Kansas -- report on competitive factors of the 

proposed merger with Winterset State Bank, Harrisonville, Missouri. 

- Submitted, May 8, 2002 

San Francisco 

Jackson Federal Bank, Fullerton, California -- report on competitive factors of the 

proposed acquisition of a branch of Fremont Investment and Loan, Anaheim. 

- Submitted, May 9, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 7 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

Competitive Factors Reports 

Atlanta 

NetBank, Alpharetta, Georgia -- report on competitive factors of the proposed 

assumption of certain deposit liabilities of Cardinal Bank, N.A., Fairfax, Virginia. 

- Submitted, May 8, 2002 

Cleveland 

Northwest Savings Bank, Warren, Pennsylvania -- report on competitive factors of the 

proposed merger with Prestige Bank, FSB, Pittsburgh. 

- Submitted, May 7, 2002 

San Francisco 

Pacific State Bank, Stockton, California -- report on competitive factors of the proposed 

merger with PSB Merger Corporation. 

- Submitted, May 9, 2002 

Chicago 

Peoples Trust Company, Linton, Indiana -- report on competitive factors of the proposed 

merger with Old National Bank, Evansville. 

- Submitted, May 8, 2002 

Dallas 

State Bank, La Grange, Texas -- report on competitive factors of the proposed merger 

with First Federal Savings Bank, Bryan. 

- Submitted, May 6, 2002 

St. Louis 

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

competitive factors of the proposed merger with Jefferson Heritage Bank, Denton, Texas. 

- Submitted, May 7, 2002 

Secretary 

Wells Fargo Bank South Dakota, National Association, Sioux Falls, South Dakota; and 

Wells Fargo Bank Iowa, National Association, Des Moines, Iowa -- report on 

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

liabilities of Marquette Bank, National Association, Rogers, Minnesota. 

- Submitted, May 10, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 7 
H.2 Actions under delegated authority May 5, 2002 to May 11, 2002 

Extensions Of Time 

Director, BS&R 

Bay View Capital Corporation, San Mateo, California -- extension to November 1, 

2002, to divest certain impermissible equity interests in connection with its acquisition of 

Franchise Mortgage Acceptance Corporation, Los Angeles. 

- Granted, May 10, 2002 

Financial Holding Companies 

Secretary 

Heartland BancCorp, Gahanna, Ohio -- election to become a financial holding company. 

- Effective, May 8, 2002 

Richmond 

RBC Centura Banks, Inc., Rocky Mount, North Carolina -- election to become a 

financial holding company. 

- Effective, May 10, 2002 

San Francisco 

San Juan Bank Holding Company, Friday Harbor, Washington -- election to become a 

financial holding company. 

- Effective, May 8, 2002 

(AC) = Addition or Correction Delegated - Page 7 of 7 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

FRBO-BD Union Bank of Israel Ltd., Tel Aviv, Israel, to establish a Newspaper – N/A 

representative office in New York, New York. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

WAIVR10 China Trust Holdings Corp., New York, New York, requests a 

waiver from filing an application to acquire Chinatrust Savings 

Bank of Washington which will simultaneously merge with and 

into Chinatrust Bank (USA), Torrance, 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 availa ble. 

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Third Quarter of 2002 

Institution Location 

Bank of Cattaraugus 24 Main Street, Cattaraugus, NY 14719 

Bank of Millbrook Franklin Avenue, Box AF, Millbrook, NY 12545 

Bank of Smithtown One East Main Street, Smithtown, NY 11787 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Foreign Branch MBNA America Bank, N.A, Wilmington, DE to establish a 

branch office of MBNA Europe Bank, Limited in Madrid, 

Spain, pursuant to Section 211.3(b)(2) of Regulation K. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3(a)(1) Received notice from Bankers Bancshares, Inc., Gahanna, Ohio, 

proposes to become a bank holding company by acquiring 100 

percent of the outstanding voting shares of Great Lakes Bankers’ 

Bank, Gahanna, Ohio 
Section V – Availability of CRA public evaluations 

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

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

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

in May 1995. 

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

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

facilities. 

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

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

CRA: 

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

614313 The State Bank and Trust Company 01/28/2002 04/25/2002 S X 

401 Clinton Street 

Defiance, OH 43512 

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, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch The Freedom Bank of Virginia, Vienna, Virginia, to operate a 

mobile branch by providing a courier service to pick up noncash deposits from business customers at locations in 

Washington, D. C., and the Northern Virginia area, including the 

counties of Fairfax, Prince William, Arlington, and Loudoun.* 

Newspaper - 05/21/2002 

Branch First Capital Bank, Glen Allen, Virginia, to establish a branch at 

1580 Koger Center Boulevard, Richmond, Virginia.* 

Newspaper - 05/24/2002 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

3(a)(1) North State Bancorp, Raleigh, North Carolina, to become a bank 

holding company through the acquisition of 100% of the voting 

shares of North State Bank, Raleigh, North Carolina.* 

Fed Reg - 05/20/2002 

Newspaper - 05/12/2002 

3(a)(3) First Citizens Bancorporation of South Carolina, Inc., Columbia, 

South Carolina, to acquire up to 10% of the outstanding shares 

of Trinity Bank, Monroe, North Carolina.* 

Fed Reg - 05/31/2002 

Newspaper - 05/31/2002 

3(a)(5) FNB Corp., Asheboro, North Carolina, to acquire Rowan 

Bancorp, Inc., China Grove, North Carolina.* 

Fed Reg - 06/10/2002 

Newspaper - N/Avail 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) First Mariner Bancorp, Baltimore, Maryland, to engage de novo Fed Reg - 05/29/2002 

in consumer lending and related insurance activities through 

Finance Maryland, LLC, Baltimore, Maryland. 
Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Allied Irish Banks, p.l.c., Dublin, Ireland, and Allfirst Financial, Fed Reg - 05/30/2002 

Inc., Baltimore, Maryland, to acquire up to 14% of the voting 

securities of Clarity Incentive Systems, Inc., New York, New 

York. 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch AuburnBank, Auburn, Alabama, to establish a branch located 

inside the Super Wal-Mart Store at 2900 Pepperell Parkway, 

Opelika, Alabama. 

05/17/2002*

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

located at 1280 Dogwood Drive, Conyers, Georgia. 

05/17/2002*

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) BankFIRST Bancorp, Inc., Winter Park, Flor ida, to become a 

bank holding company by acquiring BankFIRST, Winter Park, 

Florida. 

3(a)(1) Community First, Inc., Columbia, Tennessee, to become a bank 

holding company by acquiring Community First Bank & Trust, 

Columbia, Tennessee. 

3(a)(5) Gwinnett Commercial Group, Inc., Lawrenceville, Georgia, to 

merge with Embry Bankshares, Inc., and thereby acquire Embry 

Bank, both of Lawrenceville, Georgia. 

CIC Tennessee Commerce Bancorp, Inc., Franklin, Tennessee, prior 

change in control notice by Joseph R. Gregory, Kingsway, LLC, 

and Mary Ann Blessing, to acquire additional 2.39 percent of the 

outstanding shares of Tennessee Commerce Bancorp, Inc. and 

its subsidiary, Tennessee Commerce Bank, both of Franklin, 

Tennessee. Total ownership will be 12.03 percent. 

Fed Reg – 05/28/2002* 

Fed Reg – 06/10/2002* 

Fed Reg – 06/06/2002* 

N/Avail 

*Subject to provisions of the Community Reinvestment Act 
Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Membership IberiaBank, New Iberia, Louisiana, to become a member of the 

Federal Reserve System. 

COM Florida Community Banks, Inc., Immokalee, Florida, request for 

waiver of the commitment to not incur debt. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations schedule d for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) & Branch First American Bank, Fort Dodge, Iowa, to merge with First 

American Bank, Sioux City, Iowa and thereby to establish a 

branch at 800 Gordon Drive, Sioux City, Iowa.* 

Branch Goshen Community Bank, Goshen, Indiana, for prior approval 

to expand the current mobile branch coverage to a distance of up 

to a 15-mile radius from the head office.* 

Branch Marquette Bank, Chicago, Illinois, to establish a branch facility 

to be located at the northwest corner of Eola Road and Shiloh 

Drive, Aurora, Illinois.* 

Newspaper – N/Avail 

Newspaper – 05/15/2002 

Newspaper – 5/17/2002 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CC Notice by the Friday Family (Beth Gore Friday, Mesa, Arizona; 

Allen Gore Friday, Atlantic, Iowa; Arthur Randall Friday, 

Houston, Texas; and Nola Kathleen Friday, Dallas, Texas) to 

retain control of Anita Bancorporation, Atlantic, Iowa and 

thereby to retain Rollings Hills Bank and Trust, Atlantic, Iowa. 

CC Notice by David Lee Gross to acquire greater than 10 percent of 

the outstanding shares of First Beardstown Bancorp, Inc., 

Beardstown, Illinois and thereby indirectly acquire First State 

Bank of Beardstown, Beardstown, Illinois. 

3(a)(1) Franklin Bancorp, Inc., Southfield, Michigan, to become a bank 

holding company by acquiring 100 percent of Franklin Bank, 

N.A., Southfield, Michigan.* 

CC Notice by Gary F. Pribyl, Cedar Rapids, Iowa, of a Change in 

Control, to acquire 26.82 percent of Herky Hawk Financial 

Corp., Monticello, Iowa, as independent trustee of an 

irrevocable voting trust, and thereby indirectly acquire Citizens 

State Bank, Monticello, Iowa. 

Fed Reg – 05/14/2002 

Newspaper – N/Avail 

Fed Reg – 05/15/2002 

Newspaper – N/Avail 

Fed Reg – 06/07/2002 

Newspaper – N/Avail 

Fed Reg – 05/22/2002 

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

Ending date of 

Type Application comment period 

3(a)(3) Hometown Independent Bancorp, Inc. Employee Stock Fed Reg – 05/30/2002 

Ownership Plan and Trust, Morton, Illinois, for prior approval to Newspaper – 06/02/2002 

acquire an additional 25,000 shares (6.6%) and thereby increase 

ownership to 37.1 percent of Hometown Independent Bancorp, 

Inc., Morton, Illinois, and thereby acquire Morton Community 

Bank, Morton, Illinois.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Reg K Midwest Bank and Trust Company, Elmwood Park, Illinois, to 

establish MBTC Investment Company I as an agreement 

corporation and for the investment by MBTC Investment 

Company I in 100 percent of the stock of MBTC Investment 

Company II, a corporation to be organized under the laws of 

Bermuda, pursuant to Section 211.4(f) of Regulation K. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

945941 Byron Center State Bank 

2445 84th Street S.W. 

Byron Center, Michigan 49315 

(616) 878-1591 

643340 Eastern Michigan Bank 

65 N. Howard 

Croswell, Michigan 48422-1222 

(810) 679-2500 

11/27/2001 05/09/2002 S X 

02/04/2002 05/10/2002 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, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Fifth Third Bank, Kentucky, Inc., Louisville, Kentucky, to Newspaper – 05/11/2002 

establish a branch facility to be located at 1700 Antonio Way, 

Louisville, Kentucky.* 

* Subject to the provisions of the Community Reinvestment Act 

Section II – Applications s ubject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3A1 - Expedited Monticello Bancshares, Inc., Monticello, Missouri, to become a 

bank holding company by acquiring 100 percent of Bank of 

Monticello, Monticello, Missouri. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3A3 Wadena Bankshares, Inc., Wadena, Minnesota, to acquire 100 Newspaper-06/03/2002 

percent of Baron Bancshares II, Inc., White Bear Lake, Fed Reg-05/28/2002 

Minnesota, and thereby indirectly acquire Security State Bank of 

Deer Creek, Deer Creek, Minnesota.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Registe r notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Commitment First Integrity Bancorporation, Inc., Staples, Minnesota, requests 

relief from a commitment. 

Commitment Citizens Bancshares of Woodville, Inc., Woodville, Wisconsin, 

requests relief from two commitments. 
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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

354253 Sunrise Bank Dakota, 

Onida, South Dakota 

01/28/2002 05/09/2002 S X

467957 Fulton State Bank, 

Fulton, South Dakota 

01/21/2002 05/09/2002 S X

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3a3 Grace Investment Company, Inc., Alva, Oklahoma, to 

acquire 100 percent of the voting shares of Alva State 

Bank & Trust Company, Alva, Oklahoma. 

CIC Mack V. Colt and Sara C. Colt, both of Prairie Village, 

Kansas, as co-trustees of the Mack V. Colt Trust, Prairie 

Village,Kansas, to acquire control of Gower Bankshares, 

Inc., parent of The Farmers Bank of Gower, both of 

Gower, Missouri. 

CIC Mark W. Whitaker, of Wichita, Kansas, and Deanna Kay 

Melchert, of Edmond, Oklahoma, to acquire control of 

Citizens Financial Corporation, parent of Citizens State 

Bank, both of Liberal, Kansas. 

Ending date of 

comment period 

Newspaper – 06/08/2002 

Fed Reg – 06/06/2002 

Newspaper – N/Available 

Fed Reg – 05/23/2002 

Newspaper – N/Available 

Fed Reg – 05/29/2002 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

Section IV – Applications not s ubject to Federal Register or newspaper notice 

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 11, 2002

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 Third Quarter of 2002

Institution Location

Texas First Bank – Texas City

473266

3232 Palmer Highway

Texas City, Texas 77590-6724

First State Bank

884358

112 West Polk Street

Livingston, Texas 77351-2836

PNB Financial Bank

637451

5010 University Avenue

Lubbock, Texas 79413

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 11, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Union Safe Deposit Bank, Stockton, California, to establish a Newspaper – 05/10/2002 

branch facility to be located at 520 Carolyn Wetson Boulevard, 

Suite D, Stockton, California.* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) Bank of Taiwan, Taipei, Taiwan, to acquire at least 12.32 percent 

of the voting shares of First Financial Holding Co., Ltd., Taipei, 

Taiwan, and thereby indirectly acquire First Commercial Bank 

(USA), Alhambra, California.* 

Fed Reg – 05/31/2002 

Newspaper – 05/29/2002 

3(a)(5) AmericanWest Bancorporation, Spokane, Washington, to merge 

with Latah Bancorporation, and thereby indirectly acquire Bank of 

Latah, both of Latah, Washington.* 

Fed Reg – 06/13/2002 

Newspaper – 06/13/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Capital Corp of the West, Merced, California, proposes to engage Fed Reg – 06/03/2002 

in investment advisory activities through the acquisition of Regency 

Investment Advisors, Fresno, California. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

4(c)(8) Sunstates Bancshares Inc., Casa Grande, Arizona, to engage in 

lending activities by acquiring 50% of Sunstate Bancshares 

Mortgages, LLC, Casa Grande, Arizona, pursuant to section 

4(c)(8) of the BHC Act. 

3(a)(5)(C) NorCal Community Bancorp, Alameda, California, to become a 

bank holding company by acquiring 100 percent of Bank of 

Alameda, Alameda, California. 

3(a)(5)(C) County Bancorp, Inc., Arlington, Washington, to become a bank 

holding company by acquiring 100 percent of North County Bank, 

Arlington, Washington. 

COM Palm Desert Investments, Palm Desert, California, requests, on 

behalf of Mr. Kevin McGuire, relief from a commitment made in 

connection with the Change in Bank Control Notice, which was 

approved on 11/26/96, in order to now incur debt of $150,000, in 

connection with the purchase of additional shares of Palm Desert 

Investments. 

Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 
Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None