Board of Governors of the Federal Reserve System, Washington, DC 20551

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 44

Week Ending November 1, 1997

Federal Reserve Release

H.2

Applications and Reports Received
No. 44

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Developments in world financial markets -- statement by Chairman Greenspan

before the Joint Economic Committee of the United States Congress. October 29,

1997.

- Published, October 29, 1997 

TESTIMONY AND STATEMENTS

Consumer Advisory Council. -- meeting.

- Convened, October 30, 1997 

ADVISORY COUNCILS

California Community Financial Institutions Fund Limited Partnership, Belvedere

Bancorp, Inc., and Capital Partners, Inc., all of San Francisco, California, and

National Bancorp of Alaska, Inc., Anchorage, Alaska -- to acquire First Security

Bank, Fullerton, California; and for National Bancorp of Alaska, Inc. to acquire 9.9

percent interest in California Community Financial Institutions Fund.

- Approved, October 27, 1997 

BANK HOLDING COMPANIES

Canadian Imperial Bank of Commerce, Toronto, Canada. and CIBC Wood Gundy

Securities Corp., New York, New York -- to acquire Oppenheimer Holdings, Inc.,

New York, New York, and engage in securities activities and other nonbanking

activities.

- Permitted, October 27, 1997 

First State Bancshares, Inc., Farmington, Missouri -- to acquire Perry County

Financial Corporation, Perry, Missouri, and Perry County Savings Bank, FSB.

- Permitted, October 29, 1997 

Credit Agricole Indosuez, Paris, France -- to establish branches in Chicago, Illinois,

and New York, New York, and representative offices in Houston, Texas, and San

Francisco, California.

- Approved, October 27, 1997 

BANKS, FOREIGN

Popular Bank, Ltd., Nicosia, Cyprus -- to establish a representative office in New

York, New York.

- Approved, October 27, 1997 
H.2

October 26, 1997 to November 1, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Page 2

Marine Midland Bank, Buffalo, New York -- request for an exemption from section

23A of the Federal Reserve Act in order to acquire the commercial loan portfolio

of the New York Branch of Midland Bank plc, London, England.

- Granted, October 28, 1997 

BANKS, STATE MEMBER

Bank Holding Company Reporting Requirements (FR Y-9C) -- elimination of

Schedule HC-J on the report.

- Proposed, October 30, 1997 

FORMS

Government Securities Dealers Reports (FR 2004A, 2004B, 2004C. 2004SI, and

2004WI -- extension, with revision.

- Proposed, October 30, 1997 

Investment in Bank Premises Notification (FR 4014) -- extension, without revision.

- Proposed, October 30, 1997 

Money Market Mutual Fund Reports -- extension for three years (FR 2051a and

FR 2051b, with reduction in FR 2051b, and to discontinue FR 2051c and FR

2051d).

- Proposed, October 28, 1997 

Weekly Report of Assets and Liabilities for Large Banks (FR 2416) -- extension,

with revision.

- Proposed, October 30, 1997 

Regulation D -- amendments regarding pass-through accounts and reserve accounts

of foreign bank offices and Edge and agreement corporations.

- Announced, October 31, 1997 

REGULATIONS AND POLICIES
H.2

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Additions/Corrections

Consorcio Inversionista Mercantil y Agricola C.A., Caracas, Venezuela, and Banco

Mercantil C.A. -- waiver of application to reorganize shareholder ownership of

Consorcio Inversionista Mercantil y Agricola, Caracas, and Banco Mercantil C.A.

- Granted, August 5, 1997 

BANK HOLDING COMPANIES

Capital guidelines -- request for comment on a proposal to amend risk-based capital

guidelines to recognize certain revaluation gains on equity securities in Tier 2

capital.

- Announced, October 23, 1997 

REGULATIONS AND POLICIES

Small Business Credit Availability -- report to Congress.

- Approved, October 17, 1997 
H.2

October 26, 1997 to November 1, 1997

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

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

Affairs; FOMC - Federal Open Market Committee; RBOPS - Reserve Bank Operations and Payment

Systems; IF - International Finance; OSDM - Office of Staff Director for Management

Alabama National Bancorporation, Birmingham, Alabama -- to merge with First

American Bancorp, Decatur, Alabama, and acquire First American Bank.

- Approved, October 29, 1997 

BANK HOLDING COMPANIES

Atlanta

Area Bancshares Corporation, Owensboro, Kentucky -- to develop and provide data

processing services to financial institutions for use over the Internet.

- Permitted, October 30, 1997 

St. Louis

Bank of New York Company, Inc., New York, New York -- to acquire indirectly

ESI Securities Company and B-Trade Services LLC, and engage in securities

brokerage activities and riskless principal securities transactions.

- Permitted, October 27, 1997 

Secretary

Boston Private Bancorp, Inc., Boston, Massachusetts -- to acquire Westfield Capital

Management Company, Inc.

- Approved, October 29, 1997 

Boston

Builders Financial Corporation, Chicago, Illinois -- to acquire Builders Bank (in

organization).

- Approved, October 28, 1997 

Chicago

Community Bancshares of West Plains, Inc., West Plains, Missouri -- to acquire

Community First National Bank of West Plains.

- Approved, October 29, 1997 

St. Louis
H.2

October 26, 1997 to November 1, 1997

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Community Bankshares, Inc., Denver, Colorado -- to acquire Dover Creek State

Bank, Dover Creek, Colorado.

- Approved, October 27, 1997 

Kansas City

Community National Bank Corporation Employee Stock Ownership Plan, Venice,

Florida -- to acquire Community National Bank Corporation and Community

National Bank of Sarasota County. 

- Returned, October 29, 1997 

Atlanta

CSB Bancshares, Inc., Ellsworth, Kansas -- to retain 5.92 percent of the shares of 

Wilson Bancshares, Inc., Wilson, Kansas.

- Approved, October 29, 1997 

Kansas City

First National Bank at St. James Employee Stock Ownership Plan, St. James,

Minnesota -- to acquire shares of The First National Agency at St. James.

- Approved, October 29, 1997 

Minneapolis

George Washington Bancorp, Inc., Oak Lawn, Illinois -- to acquire George

Washington Savings Bank.

- Approved, October 30, 1997 

Chicago

Georgia National Bancorp, Inc., Athens, Georgia -- to retain 11.9 percent of the

shares of Georgia National Bancorp, Inc.

- Withdrawn, October 29, 1997 

Atlanta

Gulf Coast Banking Company, Cape Coral, Florida -- to acquire Riverside Bank of

the Gulf Coast.

- Approved, October 29, 1997 

Atlanta
H.2

October 26, 1997 to November 1, 1997

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Horizon Bancorporation of South Arkansas, Inc., Magnolia, Arkansas -- to acquire

Horizon Bank of Columbia County.

- Approved, October 29, 1997 

Secretary

Mercantile Bancorp, Inc., Quincy, Illinois -- to acquire Golden Bancshares, Inc.,

Golden, Illinois, and Golden State Bank.

- Approved, October 30, 1997 

St. Louis

Montana First National Bancorporation, Kalispell, Montana -- to acquire Montana

First National Bank.

- Approved, October 29, 1997 

Minneapolis

National Bank of Canada, Montreal, Quebec, Canada, and NATBC Holding

Corporation, Wilmington, Delaware -- to acquire NatBank, N.A., Hollywood,

Florida.

- Approved, October 28, 1997 

New York

National Commerce Bancorporation, Memphis, Tennessee -- to acquire shares of

First Market Bank, FSB, Memphis, Tennessee.

- Approved, October 30, 1997 

St. Louis

Northern Trust Corporation, Chicago, Illinois -- to acquire ANB Investment

Management and Trust Company, Chicago, Illinois, and engage in trust company and

investment or financial advisory activities.

- Permitted, October 28, 1997 

Chicago
H.2

October 26, 1997 to November 1, 1997

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Olney Bancshares of Texas, Olney, Texas, and Olney Bancorp of Delaware, Inc.,

Wilmington, Delaware -- to acquire First State Bank of Canadian, N.A., Canadian,

Texas; First National Bank of Borger, Texas; and Citizens National Bank of

Childress, Childress, Texas.

- Approved, October 30, 1997 

Dallas

Owen-Curtiss Financial Corporation, Rice Lake, Wisconsin -- to acquire Brill

Bancshares, Inc., and Brill State Bank; Brill, and for Winter Park Bancshares, Inc.,

Cameron, Wisconsin, to acquire Brill Bancshares. 

- Approved, October 29, 1997 

Minneapolis

Peapack-Gladstone Financial Corporation, Gladstone, New Jersey -- to acquire

Peapack-Gladstone Bank.

- Approved, October 31, 1997 

New York

Premier Bancorp, Inc., Doylestown, Pennsylvania -- to acquire Premier Bank, Pa.

- Approved, October 30, 1997 

Philadelphia

Roseau Realty Co., Inc., Roseau, Minnesota -- to continue to engage in general

insurance activities.

- Permitted, October 28, 1997 

Minneapolis

Roseau Realty, Co., Inc., Roseau, Minnesota -- to acquire Citizens State Bank of

Roseau, Roseau, Minnesota.

- Approved, October 28, 1997 

Minneapolis

SW Financial, Inc., Dover, Delaware -- to acquire Southwest Bank, Fort Worth,

Texas.

- Approved, October 28, 1997 

Dallas
H.2

October 26, 1997 to November 1, 1997

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

SWB Bancshares, Inc., Forth Worth, Texas -- to acquire SW Financial, Inc., Dover,

Delaware, and Southwest Bank, Fort Worth, Texas.

- Approved, October 28, 1997 

Dallas

Warwick Community Bancorp, Inc., Warwick, New York, -- to acquire Warwick

Savings Bank.

- Approved, October 29, 1997 

New York

Washington Bancorp, Washington, Iowa -- to acquire Rubio Savings Bank of

Brighton, Brighton, and to retain Washington Federal Savings Bank, Washington,

Iowa, and Washington Federal Services, Inc.

- Approved, October 31, 1997 

Chicago

Community Bank and Trust Company, Forest City, Pennsylvania -- to purchase

certain assets and assume liabilities of two branches of First Union National Bank,

Charlotte, North Carolina, and establish branches.

- Approved, October 27, 1997 

BANK MERGERS

Philadelphia

First Interstate Bank, Billings, Montana -- to merge with First Interstate Bank, fsb,

Hamilton, Montana.

- Approved, October 29, 1997 

Minneapolis

Commerce Exchange Bank, Beachwood, Ohio -- redemption of shares.

- Approved, October 31, 1997 

CAPITAL STOCK

Cleveland

C.S.B. Bancshares, Inc., Somerville, Texas -- redemption of shares.

- Approved, October 30, 1997 

Dallas
H.2

October 26, 1997 to November 1, 1997

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Philip Bancorporation, Inc., Philip, South Dakota -- redemption of shares.

- Approved, October 31, 1997 

Minneapolis

Security Bancorp, Stanton, Iowa -- request for release of certain commitments made

in connection with the Change in Bank Control Act.

- Granted, October 27, 1997 

CHANGE IN BANK CONTROL

Chicago

Smith Mustang, Ltd., Rio Vista, Texas -- change in bank control.

- Permitted, October 31, 1997 

Dallas

Tabor Enterprises, Inc., Tabor, Iowa -- change in bank control.

- Permitted, October 28, 1997 

Chicago

United Bancorporation, Billings, Montana -- change in bank control.

- Permitted, October 31, 1997 

Secretary

Vermilion Bancshares, Inc., Kaplan, Louisiana -- change in bank control.

- Returned, October 28, 1997 

Atlanta

Anahuac National Bank, Anahuac, Texas -- report on competitive factors of the

proposed merger with Interim New Anahuac National Bank, Anahuac, Texas.

- Submitted, October 31, 1997 

COMPETITIVE FACTORS REPORTS

Dallas
H.2

October 26, 1997 to November 1, 1997

Page 7

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Ballston SPA National Bank, Ballston, New York -- report on competitive factors of

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

Clifton Park branch of Herkimer County Trust Company, Little Falls, New York.

- Submitted, October 31, 1997 

New York

Citizens Bank of Appleton City, Appleton City, Missouri -- report on competitive

factors of the proposed acquisition of assets and assumption of liabilities of the

Butler, branch of Mercantile Bank of Western Missouri, Nevada, Missouri.

- Submitted, October 30, 1997 

Kansas City

Commercial Federal Corporation, Omaha, Nebraska -- report on competitive factors

of the proposed acquisition of the assets and assumption of liabilities of the Liberty

Financial Corporation, West Des Moines, Iowa.

- Submitted, October 28, 1997 

Chicago

Farmers & Merchants Bank, Milford, Nebraska -- report on competitive factors of

the proposed merger with Security National Bank, Superior, Nebraska.

- Submitted, October 30, 1997 

Kansas City

First Arkansas Valley Bank, Dardanelle, Arkansas -- report on competitive factors of

the proposed purchase of assets and assumption of liabilities of the Dardanelle,

Arkansas, branch of NationsBank, N.A., Charlotte, North Carolina.

- Submitted, October 31, 1997 

St. Louis

First National Bank of Alachua, Alachua, Florida -- report on competitive factors of

the proposed purchase of assets and assumption of liabilities of the Alachua,

Jonesville, and Gainesville, Florida, branches of SouthEastern Bank of Florida,

Alachua Florida.

- Submitted, October 29, 1997 

Atlanta
H.2

October 26, 1997 to November 1, 1997

Page 8

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

First National Bank of Bethany, Bethany, Oklahoma -- report on competitive factors

of the proposed merger with First National Bank and Trust, N.A., Oklahoma City,

Oklahoma.

- Submitted, October 29, 1997 

Kansas City

First National Bank of Park Cities, Dallas, Texas -- report on competitive factors of

the proposed merger with First Texas Bank.

- Submitted, October 27, 1997 

Dallas

Gulf Federal Bank, AFSB, Mobile, Alabama -- report on competitive factors of the

proposed purchase of assets and assumption of liabilities of the Eight Mile, Alabama,

branch of Magnolia Federal Bank For Savings, Hattiesburg, Mississippi.

- Submitted, October 29, 1997 

Atlanta

Heritage Savings Bank, Olympia, Washington -- report on competitive factors of the

proposed merger with Heritage Financial Corporation MHC and New Heritage Bank.

- Submitted, October 30, 1997 

San Francisco

Highland Federal Interim Savings Bank, Burbank, California -- report on competitive

factors of the proposed merger with Highland Federal Bank, FSB.

- Submitted, October 30, 1997 

San Francisco

Kilgore First National Bank, Kilgore, Texas -- report on competitive factors of the

proposed acquisition of the assets and assumption of liabilities of a branch of Texas

Commerce Bank, N.A., Houston, Texas.

- Submitted, October 30, 1997 

Dallas
H.2

October 26, 1997 to November 1, 1997

Page 9

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

NationsBank, N.A., Charlotte, North Carolina -- report on competitive factors of the

proposed merger with NationsBank of Texas, N.A., Dallas, Texas.

- Submitted, October 30, 1997 

Richmond

Newport Federal Savings Bank, Newport, Arkansas -- report on competitive factors

of the proposed purchase of assets and assumption of liabilities of the Newport

branch of NationsBank, N..A., Charlotte, North Carolina.

- Submitted, October 28, 1997 

St. Louis

Pennsylvania Savings Bank, Philadelphia, Pennsylvania -- report on competitive

factors of the proposed merger with Interim PS Bank-A and Interim PS Bank-B.

- Submitted, October 31, 1997 

Philadelphia

People's Bank of California, Los Angeles, California -- report on competitive factors

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

Beverly Hills branch of Bank of the West, San Francisco, California.

- Submitted, October 29, 1997 

San Francisco

Pocahontas Federal Savings and Loan Association, Pocahontas, Arkansas -- report

on competitive factors of the proposed acquisition of assets and assumptiion of

liabilities of the Lake City, Walnut Ridge, and Hardy, Arkansas, branches of

NationsBank Bank, N.A., Charlotte, North Carolina.

- Submitted, October 28, 1997 

St. Louis

Provident Savings Bank, FSB, Riverside, California -- report on competitive factors

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

the Blythe, California, branch of Bank of America National Trust & Savings

Association, San Francisco, California.

- Submitted, October 31, 1997 

Secretary
H.2

October 26, 1997 to November 1, 1997

Page 10

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Republic National Bank, Phoenix, Arizona -- report on competitive factors of the

proposed purchase of assets and assumption of liabilities of several branches of Bank

One, Phoenix, Arizona, and Bank One, Utah, National Association, Salt Lake City,

Utah. 

- Submitted, October 30, 1997 

San Francisco

Sanwa Bank California, Los Angeles, California -- report on competitive factors of

the proposed merger with the Tehachapi, California, branch of Bank of America,

National Trust & Savings Association, San Francisco, California.

- Submitted, October 28, 1997 

Secretary

SouthTrust Bank, N.A., Birmingham, Alabama -- report on competitive factors of

the proposed merger with SouthTrust Assets Management Company of the

Carolinas, Inc., Charlotte, North Carolina.

- Submitted, October 29, 1997 

Atlanta

United Bank & Trust, Tecumseh, Michigan -- report on competitive factors of the

proposed acquisition of the assets and assumption of the liabilities of the Dundee

branch of NBD Bank, Detroit, Michigan.

- Submitted, October 27, 1997 

Chicago

Western State Bank, Golden City, Kansas -- report on competitive factors of the

proposed acquisition of assets and assumption of liabilities of the Goodland, Kansas,

branch of NationsBank, N.A., Charlotte, North Carolina. 

- Submitted, October 30, 1997 

Kansas City

Bank of Whitman Employee Stock Ownership Plan, Colfax, Washington -- extension

to January 23, 1998, to acquire Whitman Bancorporation, Inc. 

- Approved, October 29, 1997 

EXTENSIONS OF TIME

San Francisco
H.2

October 26, 1997 to November 1, 1997

Page 11

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

CH and JD Byrum, LLC, Indianapolis, Indiana -- extension to January 23, 1998, to

acquire shares of American State Corporation, Lawrenceburg, Indiana, and

American State Bank.

- Granted, October 27, 1997 

Chicago

F.N.B. Corporation, Hermitage, Pennsylvania -- extension to acquire Mercantile

Bank of Southwest Florida, Naples, Florida.

- Granted, October 30, 1997 

Cleveland

F.N.B. Corporation, Hermitage, Pennsylvania -- extension to acquire shares of Sun

Bancorp, Inc., Selinsgrove, Pennsylvania.

- Granted, October 30, 1997 

Cleveland

Halbur Bancshares, Inc., Halbur, Iowa -- extension to February 5, 1997, to redeem

shares.

- Granted, October 31, 1997 

Chicago

Morgan Guaranty Trust Company of New York, New York, New York -- waiver of

the 45-day prior notification period to establish a branch in Johannesburg, South 

Africa.

- Granted, October 31, 1997 

INTERNATIONAL OPERATIONS

Director, BS&R

Le Mars Bank and Trust Company, Le Mars, Iowa -- to become a member of the

Federal Reserve System.

- Approved, October 31, 1997 

MEMBERSHIP

Chicago
H.2

October 26, 1997 to November 1, 1997

Page 12

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Riverside Bank of The Gulf Coast, Cape Coral, Florida -- to become a member of the

Federal Reserve System.

- Approved, October 27, 1997 

Atlanta

Depository Trust Company -- Federal Reserve Bank of New York to establish an

account with DTC for the purpose of providing custodial services for foreign

correspondent accounts and international institutions through DTC's SDFS System.

- Approved, October 30, 1997 

RESERVE BANK OPERATIONS

Staff Director, IF
H.2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Additions/Corrections

First Banking Center-Burlington, Burlington, Wisconsin -- to establish a branch at

Park Street, Lake Geneva, Wisconsin.

- Returned, October 17, 1997 

BANK BRANCHES, DOMESTIC

Chicago

NBD Bank, Detroit, Michigan -- to establish a branch at 34400 Utica Road, Fraser,

Michigan.

- Returned, October 16, 1997 

Chicago

Commercial Federal Corporation, Omaha, Nebraska -- waiver of application to

acquire Liberty Financial Corporation, West Des Moines, Iowa, and its subsidiary

banks.

- Approved, October 17, 1997 

BANK HOLDING COMPANIES

Chicago

Gulf Coast Bancorp, Inc., Port Charlotte, Florida -- to acquire Gulf Coast

Community Bank, N.A.

- Returned, October 24, 1997 

Atlanta

Trustbank Financial Corporation, Denver, Colorado -- to acquire Trust Bank of

Colorado.

- Approved, October 17, 1997 

Kansas City

Associated Bank, Lodi, Wisconsin -- report on proposed merger with Associated

Bank Madison, Madison; Associated Bank Portage, National Association, Portage;

and Associated Bank Reedsburg, Reedsburg, Wisconsin. 

- Submitted, October 24, 1997 

COMPETITIVE FACTORS REPORTS

Chicago
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of 10-31-97 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

NONE

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

Type Application comment period

Ending date of 

*3(a)(1) Narragansett Financial Corp., Fall River, Massachusetts - application Newspaper - 11/23/97

to become a mutual holding company through the acquisition of

Citizens-Union Savings Bank, Fall River, Massachusetts Fed Reg - N/Avail

*3(a)(3) New England Community Bancorp, Inc., Windsor, Connecticut - Newspaper - 

 application to acquire Community Savings Bank, Bristol,

 Connecticut Fed Reg - N/Avail

*Subject to the provisions of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

NONE

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

Type Application comment period

Ending date of 

NONE
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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 of 10/26/97-11/01/97

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None.

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

Type Application comment period

Ending date of 

None.

 

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) The Bank of Nova Scotia, Toronto, Canada, to acquire Iron N/Avail

Mountain Depository Institution, New York, New York, and

thereby engage in buying and selling bullion and related

activities.

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

Type Application comment period

Ending date of 

None.

 
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

available.

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None. 

 

Section VI - CRA examinations scheduled Quarter

for of

Institution Location

Footnotes
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of October 27,1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

NONE

Footnotes

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

Type Application comment period

Ending date of 

3(a)(3) MBNA Corporation, Wilmington, DE to acquire MBNA Feg. Reg. 11/03/97

America Bank, (Delaware), Wilmington, DE Newspaper 11/03/97

Footnotes

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

NONE

Footnotes

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

Type Application comment period

Ending date of 

3(a)(1) Penseco Financial Services Coroporation, Scranton PA

to become a bank holding company, by acquiring

Penn Security Bank and Trust Company, Scranton, PA

Footnotes
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

NONE

Footnotes

Section VI - CRA examinations scheduled for Quarter of

Institution Location

NONE

Footnotes
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending 11/01/97

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

BKBRX Received notice from Fifth Third Bank of Western Ohio, * 11/15/97

18CNEW Received notice from Sabina Bank, Sabina, OH on * 11/10/97

BKBR October 27, 1997, of its intent to acquire the Ada and

Dayton, OH on October 27, 1997, of its intent to establish

a branch at 2989 Derr Rd., Springfield, OH

Waynesfield, OH branches of Fifth Third Bank of Western

Ohio, Dayton, OH and incident thereto establish branch

facilities.

Footnotes

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

Type Application comment period

Ending date of 

4C8THDX Received notice from Central Bancshares, Inc., Lexington, KY *F: 11/17/97

on October 31, 1997, of its intent to acquire Central Bank,

FSB, Nicholasville, KY and thereby engage in permissible thrift

activities.

Footnotes

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

NONE

Footnotes
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

NONE

Footnotes

Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has

ascertained, and helped meet, the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.

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

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

None

Footnotes
Section VI - CRA examinations scheduled for Fourt Quarter of 1997

h

Institution Location

Andover Bank P.O. Box 1300, Public Square, Andover, OH 44003-1300

Bank of Corning Company P.O. Box 428, N. Valley Street, Corning, OH 43730-0428

Commercial & Savings Bank Co. P.O. Box 50, 701 S. Market Street, Danville, OH 43014-0050

Fifth Third of Northeastern Ohio 1404 E. Ninth Street, Cleveland, OH 44114

Genoa Banking Company P.O. Box 98, 801 Main Street, Genoa, OH 43430-0098

Hamler State Bank P.O. Box 358, 210 Randolph Street, Hamler, OH 43524-0358

Hocking Valley Bank P.O. Box 4847, 7 W. Stimson, Athens, OH 45701-4847

The Citizens Banking Company P.O. Box 5016, 100 E. Water Street, Sandusky, OH 44871-5016

The Corn City State Bank P.O. Box 197, 120 W. Main Street, Deshler, OH 43516-0197

The Cortland Savings & Banking Co. P.O. Box 98, 194 W. Main Street, Cortland, OH 44410-0098

The Custar State Bank P.O. Box 127, Main Street, Custar, OH 43511-0127

The Farmers Citizen Bank P.O. Box 567, Washington Square, Bucyrus, OH 44820-0567

The Metamora State Bank P.O. Box F, 120 E. Main Street, Metamora, OH 43540-0270

The Minster State Bank P.O. Box 90, 96 W. Fourth Street, Minster, OH 45865-0090

The Provident Bank 1 E. 4th Street, Cincinnati, OH 45202

Towne Bank P.O. Box 202, 610 E. South Boundary, Perrysburg, OH 43551

Footnotes
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of October 27, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None.

 

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

Type Application comment period

Ending date of 

3(a)(5) Commercial BancShares, Incorporated, Parkersburg, West Virginia, 12-1-97**

to acquire Gateway Bancshares, Inc., McMechen, West Virginia.*

3(a)(3) NationsBank Corporation and NB Holdings Corporation, Charlotte, 12-3-97

North Carolina, to retain in a fiduciary capacity 8.34% of the shares of

Southern Bancshares Corporation, St. Louis, Missouri.

 *Application subject to CRA requirements.

**Expiration of comment period specified in the Federal Register.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None.

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

Type Application comment period

Ending date of 

4(c)(8) Wachovia Corporation, Winston-Salem, North Carolina, to engage in

data processing activities through the acquisition of Solutions by

Design, Inc., Atlanta, Georgia, by Security First Network Bank,

Atlanta, Georgia.

 
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

834531 F & M Bank - Blakeley Inc. 7-14-97 10-11-97 Satisfactory Small

301 South Mildred Street

Ranson, West Virginia 25438

742225 Heritage Bank 8-4-97 10-19-97 Satisfactory Small

1313 Dolley Madison Boulevard

McLean, Virginia 22102-3926

788924 Bank of Suffolk 8-11-97 10-25-97 Satisfactory Small

101 East Washington Street

Suffolk, Virginia 23434-4511

Section VI - CRA examinations scheduled for Quarter of

Institution Location

Footnotes: 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of October 31, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None.

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

Type Application comment period

Ending date of 

3(a)(1)A Horizon Bank of Florida Employee Stock Ownership Plan, 11-28-97*

Pensacola, Florida, to become a bank holding company by acquiring Federal Register

Horizon Bancshares, Inc., and thereby acquire Horizon Bank of

Florida, both of Pensacola, Florida.

3(a)(5)A Citizens Bancshares Corporation, Atlanta, Georgia, to merge with Not yet available*

First Southern Bancshares, Inc., and thereby directly acquire First 

Southern Bank, both of Lithonia, Georgia.

*Application is subject to CRA requirements.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

COM AmSouth Bancorporation, Birmingham, Alabama, commitment

waiver request.

WAIVR10 Deposit Guaranty Corp., Jackson, Mississippi, request for waiver of

the application requirements of Section 3(a)(5) of the Bank Holding

Company Act to merge with Victory Bancshares, Inc., Cordova,

Tennessee.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

873334 American B&Trust of Polk Cty 07-21-97 10-30-97 Satisfactory Small Bank

Post Office Box 3400

Lake Wales, Florida 33859
Section VI - CRA examinations scheduled for Quarter of

Institution Location

NONE

Footnotes
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of October 31, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

NONE

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

Type Application comment period

Ending date of 

3(a)(3) Wintrust Financial Corporation* Fed Reg - 11/28/97

Wilmette, Illinois

 Crystal Lake Bank & Trust Company,

 National Association (in organization)

 Crystal Lake, Illinois

COC-HC Kerndt Bank Services, Inc. Fed Reg - 11/13/97

Lansing, Iowa Newspaper - 11/18/97

 By Margaret Mary Kerndt

COC-HC Mid-Iowa Bancshares Co. N/Avail

Algona, Iowa

 By Paul H. Johnson and Neva M. Johnson

3(a)(3) FBOP Corporation* Fed Reg - 10/27/97

Oak Park, Illinois Newspaper - 10/29/97

 California Bank, N.A. (in organization)

 Beverly Hills, California

3(a)(1) Midland Bancshares, Inc.* Fed Reg - 10/31/97

Kincaid, Illinois Newspaper - 10/26/97

 The Midland Community Bank

 Kincaid, Illinois

3(a)(3) Fidelity Ban Corporation* Fed Reg - 11/10/97

Independence, Iowa Newspaper - 11/15/97

 Benton County Savings Bank

 Norway, Iowa
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

3(a)(3) Johnson International, Inc.* Fed Reg - 11/17/97

Racine, Wisconsin Newspaper - 11/17/97

 Bank of Fort Atkinson

 Fort Atkinson, Wisconsin

3(a)(1) Verona Bancshares, Limited* Fed Reg - 11/17/97

Verona, Wisconsin Newspaper - 11/07/97

 Bank of Verona

 Verona, Wisconsin

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available at this time

* - Subject to the provisions of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

NONE

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

Type Application comment period

Ending date of 

NONE
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

879747 The Farmer’s State Bank of 7/7/97 10/29/97 Outstanding Small

Waupaca

112 West Fulton

P.O. Box 289

Waupaca, WI 54981-0289

(715) 258-1400

Section VI - CRA examinations scheduled for Quarter of

Institution Location
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of October 27, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch *Notice to establish a branch by BankTennessee, Newspaper: 11/17/97

Collierville, Tennessee, to be located at 100

Mulberry Street, Collierville, Tennessee.

Branch *Notice to establish a branch by Citizens Bank Newspaper: 10/28/97

& Trust Company, Van Buren, Arkansas, to be

located at 4 Northridge Drive, Van Buren, Arkansas.

*Subject to provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(3) *Notice by Tennessee Central Bancshares, Inc., Fed Reg: 11/28/97

Adamsville, Tennessee, to acquire 9.92% of

Premier Bank of Brentwood, Brentwood, Tennessee.

3(a)(3) *Notice by Independent Southern Bancshares, Inc. Fed Reg: 12/1/97

Employee Stock Ownership Trust, Brownsville,

Tennessee, to acquire up to 35% of the Class A

common shares of Independent Southern Bancshares,

Inc., Brownsville, Tennessee.

3(a)(1) *Notice by BOR Bancshares, Inc., Rogers, Arkansas, to Fed Reg: 11/28/97

acquire Bank of Rogers, Rogers, Arkansas.

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

Type Application comment period

Ending date of 

4(c)(8) Notice by Area Bancshares Corporation, Owensboro, Fed Reg: 11/5/97

Kentucky, for its affiliate, Security First Technologies,

Inc., Atlanta, Georgia, to merge with Solutions by 

Design, Inc., Atlanta, Georgia (previously reported during

the week ending October 17, 1997).

4(c)(8) Notice by Mid America Mortgage Services, Inc., Fed Reg: 11/12/97

Columbia, Missouri, to continue to engage in the making,

acquiring, and servicing of mortgage loans (previously

reported during the week ending October 17, 1997).

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

Type Application comment period

Ending date of 

None.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

966348 First Bank of Arkansas 7/21/97 10/31/97 Satisfactory Small Bank

Searcy, Arkansas

1014040 Citizens State Bank of Petersburg 7/14/97 10/31/97 Satisfactory Small Bank

Petersburg, Indiana

Section VI - CRA examinations scheduled for Quarter of

Institution Location

Footnotes
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of October 27, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

NONE.

 

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

Type Application comment period

Ending date of

3(a)(3) Community First Bankshares, Inc., Fargo, North Dakota November 17, 1997

for prior approval to acquire 100% of the voting shares of the (Fed Reg)

Community First National Bank, Globe, Arizona, a de novo

bank. *

CIC Jon Saxen to acquire control of 26.7% of the voting shares November 19, 1997

of Welcome Bancshares, Inc., Welcome, Minnesota. (Fed Reg)

CIC Michael B. Owens to acquire control of 40.1% of the voting November 20, 1997

shares of The Adino Company, Onida, South Dakota. (Fed Reg)

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

NONE.

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

Type Application comment period

Ending date of

None.
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

390859 M&I Community State Bank 8/16/97 10/28/97 Satisfactory Large Bank

287650 Farmers State Bank 7/21/97 10/28/97 Satisfactory Small Bank

Eau Claire, Wisconsin

Faith, South Dakota

Section VI - CRA examinations scheduled Quarter of

Institution Location

Footnotes
Federal Reserve Bank of Kansas City Week Ending October 31, 1997

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

 APPLICATION COMMENT PERIOD ENDING DATE

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH

NEWSPAPER AND FEDERAL REGISTER NOTICE

APPLICATION COMMENT PERIOD ENDING

DATE

AmeriGroup, Inc., Hershey, Nebraska, for prior approval Not available

to become a bank holding company through the

acquisition of 70.53 percent, for a total of 80.24 percent,

of the voting shares of Hershey State Bank, Hershey,

Nebraska.*

Republic Bancshares, Inc., Natoma, Kansas, for prior November 28, 1997

approval to become a bank holding company through the

acquisition of 99.6 percent of the voting shares of United

National Bank of Natoma, Natoma, Kansas.*

Peoples, Inc., Ottawa, Kansas, for prior approval to November 28, 1997

become a bank holding company through the acquisition

of 49.82 percent of the voting shares of Johnson County

Bank, Overland Park, Kansas.*

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY

APPLICATION COMMENT PERIOD ENDING DATE

None.

 

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE

OR NEWSPAPER NOTICE

APPLICATION

Panhandle Bancshares, Inc., Guymon, Oklahoma, for

prior approval to become a bank holding company

through the acquisition of 100 percent of the voting

shares of Bank of the Panhandle, Guymon, Oklahoma.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

Identification of Ratings

In connection with the assessment of each insured depository institution’s CRA performance, a

rating is assigned from the following groups:

Outstanding record of meeting community credit needs

An institution in this group has an outstanding record of ascertaining and helping to meet

the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs

An institution in this group has a satisfactory record of ascertaining and helping to meet the

credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

Needs to improve record of meeting community credit needs

An institution in this group needs to improve its overall record of ascertaining and helping

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

Substantial noncompliance in meeting community credit needs

An institution in this group has a substantially deficient record of ascertaining and helping

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

CRA Public CRA

Bank/Location RSSD# Exam Date Date Rating 

Community Bank of 342652 08-04-97 10-31-97 Satisfactory

 Parker

19590 E. Main Street

Parker, Colorado 80134-7302

*Application is subject to CRA.
District 11

Federal Reserve Bank of Dallas

Applications and Notifications Filed During the Week of October 27, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Texas Bank, Weatherford, TX, **97/11/03

to establish a branch at

301 East Lee Street, Brownwood, TX 76801

* Subject to the provisions of the Community Reinvestment Act.

** Comment period ending date is the date specified in the newspaper only.

N/Avail - Not available at this time.

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

Type Application comment period

Ending date of

*3(a)(3) Woodforest Bancshares, Houston, TX, and Sun Belt Bancshares, **97/11/26

Corporation, Wilmington, DE, to acquire Main Street National

Bank, Cleveland, Texas

*3(a)(3) The First National Bank Employee Stock Ownership Plan, Artesia, **97/11/25

NM, to acquire First Artesia Bancshares, Inc., Artesia, NM

CIC Lyndon Lowell Olson, Jr., Waco, TX, only notificant, to acquire an N/Avail

interest in CentraBanc Corporation, Waco, TX

CIC Chase Family No. 2, Ltd., Waco, TX, et al, to acquire an interest in N/Avail

CentraBanc Corporation, Waco, TX

* Subject to the provisions of the Community Reinvestment Act.

** Comment period ending date is the date specified in the newspaper only.

N/Avail - Not available at this time.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None.

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

Type Application comment period

Ending date of

3(a)(1) City Bancshares, Inc., Natchitoches, LA, to acquire City Bank and

Trust Company, Natchitoches, LA

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None.

Section VI - CRA examinations scheduled Quarter of

Institution Location

N/Avail

N/Avail - Not available at this time.
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of 10/27/97 through 10/31/97

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch First Security Bank of Nevada, Las Vegas, Nevada, to establish Newspaper 11/14/97

a branch office at 900 North Green Valley Parkway,

Henderson, Nevada. *

Branch M&I Thunderbird Bank, Phoenix, Arizona, to establish a Newspaper 11/20/97

branch office at 19052 R.H. Johnson Boulevard, Sun City

West, Arizona. *

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

Type Application comment period

Ending date of

3(a)(1) Timberland Bancorp, Inc., to become a bank holding company by Newspaper 11/17/97

acquiring Timberland Savings Bank, SSB, both of Hoquiam,

Washington. * Fed Reg 11/21/97

CIC Eugene D. Fortner and Dolores Fortner Family Trust, Glendale, Newspaper N/Avail

California, to increase their ownership to more than ten percent of

Verdugo Banking Company, Glendale, California. * Fed Reg 11/18/97

CIC Michael Frank Maluccio, Glendale, California, to increase his Newspaper N/Avail

ownership to more than ten percent of Verdugo Banking Company,

Glendale, California. * Fed Reg N/Avail

 * Subject to CRA

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

S/R Liberty Bank, South San Francisco, California, to repurchase up to

30,000 shares of its common stock.

S/R Verdugo Banking Company, Glendale, California, to repurchase up

to 85,000 shares of its common stock.

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

706768 California United 6/16/97 10/27/97 Satisfactory X

16030 Ventura Boulevard

Encino, CA 91436-4487

(818) 907-9122

Footnotes: The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and

is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no

responsibility for errors or omissions.
Section VI - CRA examinations scheduled Quarter of

Institution Location

None

Footnotes