Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 34 

Week Ending August 25, 2001 

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions August 19, 2001 to August 25, 2001 

Bank Holding Companies 

Citigroup Inc., New York, New York -- request for exemption from section 23A of 

the Federal Reserve Act to transfer certain assets of Associates First Capital 

Corporation, Irving, Texas. 

- Granted, August 24, 2001 

Discount Rates 

Discount Rates -- decrease from 3-1/4 percent to 3 percent by the Federal Reserve 

Banks of Boston, New York, Philadelphia, Richmond, Chicago, Kansas City, Dallas, 

and San Francisco. 

- Approved, August 21, 2001 

Discount Rates -- decrease from 3-1/4 percent to 3 percent by the Federal Reserve 

Banks of Minneapolis and St. Louis. 

- Approved, August 22, 2001 

Discount Rates -- decrease from 3-1/4 percent to 3 percent by the Federal Reserve 

Banks of Cleveland and Atlanta. 

- Approved, August 23, 2001 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority August 19, 2001 to August 25, 2001 

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

International Fiance

Office of Staff Director for Management

Bank Branches, Domestic

New York 

Banco Popular North America, New York, New York -- to establish a branch at 

6744 Hillcroft Avenue, Houston, Texas. 

- Approved, August 20, 2001 

Philadelphia 

First Heritage Bank, Wilkes-Barre, Pennsylvania -- to establish a branch at 685 

Wyoming Avenue, Kingston Borough. 

- Approved, August 20, 2001 

Kansas City 

Gold Bank, Leawood, Kansas -- to establish a branch at 1201 Northwest Briarcliff 

Parkway, Kansas City, Missouri. 

- Approved, August 21, 2001 

Kansas City 

Legacy Bank, Hinton, Oklahoma -- to establish a branch at 13216 N. MacArthur, 

Oklahoma City. 

- Approved, August 22, 2001 

St. Louis 

Midwest BankCentre, St. Louis, Missouri -- to establish a limited service branch at 

14901 North Outer Forty Road. 

- Approved, August 20, 2001 

Atlanta 

Regions Bank, Birmingham, Alabama -- to establish a branch at 3577 Hacks Cross 

Road, Memphis, Tennessee. 

- Approved, August 21, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority August 19, 2001 to August 25, 2001 

Bank Branches, Domestic

Atlanta 

SunTrust Bank, Atlanta, Georgia -- to establish branches at 60 Sixes Road, Canton; 

4290 Bells Ferry Road, Kennesaw; 5550 Chamblee Dunwoody, Dunwoody; 7950 

Jones Branch Road, McLean, Virginia; 8858 Waltham Woods Drive, Carney, 

Maryland; 4211 Mountain Road, Pasadena; and 1780 Forest Drive, Annapolis. 

- Approved, August 21, 2001 

Bank Holding Companies

Director, BS&R 

Amicus Holdings, Inc., Falls Church, Virginia -- to acquire Amicus Bank, Toronto, 

Canada. 

- Approved, August 21, 2001 

Chicago 

Chemical Financial Corporation, Midland, Michigan -- to acquire Bank West 

Financial Corporation, Grand Rapids, and Bank West and to acquire Sunrise 

Mortgage Company and thereby engage in extending credit and servicing loans. 

- Approved, August 22, 2001 

Dallas 

Eden Financial Corporation, San Angelo, Texas, and K&T Financial Corporation, 

Dover, Delaware -- waiver of application to acquire State Finance Company, San 

Angelo, and thereby engage in extending credit and servicing loans. 

- Granted, August 23, 2001 

Philadelphia 

Harleysville National Corporation, Harleysville, Pennsylvania -- to acquire HNC 

Reinsurance Company, Phoenix, Arizona, and thereby engage in credit life 

reinsurance activities. 

- Approved, August 24, 2001 

San Francisco 

Humboldt Bancorp, Eureka, California -- to acquire WEBLOCKBOX, Inc., El 

Dorado Hills, and thereby engage in data processing activities. 

- Returned, August 23, 2001 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority August 19, 2001 to August 25, 2001 

Bank Holding Companies

Atlanta 

Regions Financial Corporation, Birmingham, Alabama -- to merge with Park 

Meridian Financial Corporation, Charlotte, North Carolina. 

- Approved, August 23, 2001 

Chicago 

River Valley Bancorp, Inc., Eldridge, Iowa -- to acquire shares of Southeast Security 

Bank, Mediapolis. 

- Withdrawn, August 23, 2001 

Minneapolis 

Western Bancorporation, Inc., Duluth, Minnesota -- to acquire Cass Lake Company, 

Cass Lake, and First National Bank of Cass Lake and to engage in insurance agency 

activities in a town with a population not exceeding 5,000. 

- Approved, August 24, 2001 

Change In Bank Control

St. Louis 

Casey County Bancorp, Inc., Liberty, Kentucky -- change in bank control notices. 

- Permitted, August 20, 2001 

Minneapolis 

The First and Farmers Bank Holding Company, Portland, North Dakota -- change in 

bank control. 

- Permitted, August 24, 2001 

Atlanta 

Vernon Bancshares, Inc., Leesville, Louisiana -- change in bank control. 

- Permitted, August 17, 2001 (AC) 

Competitive Factors Reports

Atlanta 

Bank of Pensacola, Pensacola, Florida -- report on competitive factors of the 

proposed merger with First American Bank of Pensacola, N.A. 

- Submitted, August 22, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority August 19, 2001 to August 25, 2001 

Competitive Factors Reports 

Chicago 

Chemical Bank West, Cadillac, Michigan -- report on competitive factors of the 

proposed merger with Bank West, Grand Rapids. 

- Submitted, August 22, 2001 

St. Louis 

Atlanta 

Atlanta 

Atlanta 

Atlanta 

Atlanta 

Enterprise Banking, N.A., Overland Park, Kansas -- report on competitive factors of 

the proposed merger with Enterprise Bank, Clayton, Missouri. 

- Submitted, August 22, 2001 

First National Trust Company, Hermitage, Pennsylvania -- report on competitive 

factors of the proposed establishment of FN Interim Trust Company to facilitate the 

merger with Promistar Trust Company, Johnstown. 

- Submitted, August 15, 2001 (AC) 

Guaranty Bank of Mamou, Mamou, Louisiana -- report on competitive factors of the 

proposed merger with The Federal Savings Bank of Evangeline Parish, Ville Platte. 

- Submitted, August 22, 2001 

Guaranty Capital Corporation, Mamou, Louisiana -- report on competitive factors of 

the proposed merger of GCC Federal Savings Bank, an interim savings bank, with 

The Federal Savings Bank of Evangeline Parish, Ville Platte. 

- Submitted, August 22, 2001 

Hancock Bank, Gulfport, Mississippi -- report on competitive factors of the 

proposed merger with The Lamar Bank, Purvis. 

- Submitted, August 15, 2001 (AC) 

Promistar Bank, Johnstown, Pennsylvania -- report on competitive factors of the 

proposed merger with First National Bank of Pennsylvania, Greenville. 

- Submitted, August 15, 2001 (AC) 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority August 19, 2001 to August 25, 2001 

Competitive Factors Reports

Atlanta 

Prosperity Bank of St. Augustine, St. Augustine, Florida -- report on competitive 

factors of the proposed purchase of assets and assumption of deposit liabilities of the 

Palatka branch of SunTrust Bank, Atlanta, Georgia. 

- Submitted, August 17, 2001 (AC) 

Kansas City 

Summit Bank, Tulsa, Oklahoma -- report on competitive factors of the proposed 

purchase of certain assets and assumption of certain liabilities of the Tulsa branch of 

First United Bank and Trust Company, Durant. 

- Submitted, August 22, 2001 

San Francisco 

SunFirst Bank, St. George, Utah -- report on competitive factors of the proposed 

assumption of deposits of the 10 North 400 East, St. George branch of Associates 

Capital Bank, Salt Lake City. 

- Submitted, August 23, 2001 

Extensions Of Time

Director, BS&R 

BNP Paribas, Paris, France -- extension to August 26, 2002, to divest of certain 

investments. 

- Granted, August 14, 2001 (AC) 

Atlanta 

Commercial Bank, Harrogate, Tennessee -- extensions to August 31, 2002, to 

establish a branch at Kingston Pike and Debusk Lane, Knoxville, and to increase its 

investment in bank premises. 

- Granted, August 22, 2001 

Financial Holding Companies

Philadelphia 

Franklin Financial Services Corporation, Chambersburg, Pennsylvania -- election to 

become a financial holding company. 

- Effective, August 24, 2001 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority August 19, 2001 to August 25, 2001 

Financial Holding Companies

San Francisco 

Washington First Financial Group, Inc., Seattle, Washington -- election to become a 

financial holding company. 

- Effective, August 24, 2001 

Regulations And Policies

FOMC

Federal Open Market Committee -- minutes of the meeting of June 26-27, 2001. 

- Published, August 23, 2001 

FOMC

Short-term Interest Rates -- decrease in the target for the federal funds rate from 3-

3/4 percent to 3-1/2 percent. 

- Approved, August 21, 2001 

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, August 25, 2001 

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 

3(a)(3) The Royal Bank of Scotland Group plc, Edinburgh, Scotland, Newspaper - 09/09/2001 

The Royal Bank of Scotland plc, Edinburgh, Scotland, RBSG Fed Reg – 09/11/2001 

International Holdings Ltd., Edinburgh, Scotland, and Citizens 

Financial Group, Inc., Providence, Rhode Island to acquire 

Citizens Bank of Pennsylvania, Philadelphia, Pennsylvania (in 

formation) and Citizens Bank, Wilmington, Delaware (in 

formation) pursuant to section 3(a)(3) of the Bank Holding 

Company Act of 1956, as amended. The nucleus of the two new 

bank subsidiaries would be the existing mid-Atlantic retail 

branch network and other banking operations of Mellon 

Financial Corporation, Pittsburgh, Pennsylvania. 

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, August 25, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Representative Banca Comerciala Romana S.A., Bucharest, Romania, to 

Office establish a representative office in New York, New York.* 

Representative Royal Bank of Canada, Montreal, Canada, to establish a 

Office representative office in Wilmington, Delaware.* 

Branch NCF Bank Plc (formerly known as Nordea Companies Finland 

(NCF) Plc formerly known as MeritaNordbanken Plc), to 

establish a state-licensed branch at 437 Madison Avenue, New 

York, New York.* 

Branch The Chase Manhattan Bank, New York, New York, to open and 

occupy a de novo branch office at The Hub shopping center, 

Fulton and Bell Streets, Hempstead, New York.* 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – 09/14/2001 

* 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) Citigroup Holding Company, Wilmington, Delaware, Citigroup Newspaper – 08/30/2001 

Inc. and Citicorp, both of New York, New York, to acquire all Fed Reg – 09/04/2001 

of the outstanding shares of Hurley State Bank, Sioux Falls, 

South Dakota.* 

* 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 

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, August 25, 2001 

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, August 25, 2001 

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 

3(a)(3) Received application from Whitaker Bank Corporation of 

Kentucky, Lexington, KY on 08/17/2001 to acquire 100% of the 

voting shares of Citizens National Bank & Trust of Hazard, 

Hazard, KY.* 

Newspaper – 09/17/2001 

3(a)(5) Received application from Second Bancorp Incorporated, 

Warren, OH on 08/23/2001 to acquire 100% of the voting shares 

of Commerce Exchange Corporation, Beachwood, OH.* 

Not Yet Known # 

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, August 25, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch New Peoples Bank, Inc., Honaker, Virginia, to establish a Newspaper - 09/05/2001 

branch at 1221 Stafford Drive, Princeton, West Virginia.* 

*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) FNB Corporation, Christiansburg, Virginia, to acquire 100% Fed Reg - 09/18/2001 

of the voting shares of FNB Southwest, National Association, Newspaper - 09/07/2001 

Roanoke, Virginia (a converting federal savings bank presently 

known as Southwest Virginia Savings Bank).* 

*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 

25 Bank of America, National Association, Charlotte, North 

Carolina, to establish a branch office in Madrid, Spain. 
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 

517423 Consolidated Bank and Trust 

Company 

320 North 1st Street 

Richmond, Virginia 23219 

06/18/2001 08/22/2001 S X

2897736 CommerceFirst Bank 

1804 West Street 

Annapolis, Maryland 21401 

06/18/2001 08/24/2001 S X

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, August 25, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Colonial Bank, Montgomery, Alabama, to merge with 09/26/2001* 

Manufacturers Bank of Florida, Tampa, Florida. 

*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 

CIC Coastal Commerce Bancshares, Inc., Kaplan, Louisiana, afterthe-fact notification filed by J. Vernon Johnson to retain 12.8 

percent of the outstanding shares of Coastal Commerce 

Bancshares, Inc., and its subsidiary, Kaplan State Bank, both of 

Kaplan, Louisiana 

3(a)(5) Whitney Holding Corporation, New Orleans, Louisiana, to 

merge with Redstone Financial, Inc., Houston, Texas, and 

thereby acquire Northwest Bank, N.A., Houston, Texas. 

3(a)(1) United Bancshares, Inc., New Orleans, Louisiana, to become a 

bank holding company by acquiring United Bank and Trust, 

New Orleans, Louisiana. 

CIC Capital City Bank Group, Inc., Tallahassee, Florida, after-thefact notification filed by Robert Hill Smith, William Godfrey 

Smith, Jr., Patricia Hill Smith, Paula Peters Smith, Virginia 

Austin Smith, Jennifer Wilson Smith, Warren Hamilton Smith, 

William Godfrey Smith, III, The VAS Trust, The WHS Trust, 

The JWS Trust, The WGS III Trust, 2S Partnership, and WGS 

Trust, to retain 10.85 percent of the outstanding shares of 

Capital City Bank Group, Inc., Tallahassee, Florida. Total 

ownership is 34.42 percent. 

3(a)(1) Grand Bankshares, Inc., West Palm Beach, Florida, to become a 

bank holding company by acquiring Grand Bank of Florida, 

West Palm Beach, Florida. 

Fed Reg – 09/13/2001 

Newspaper – 9/15/2001* 

Fed Reg – 09/24/2001* 

Fed Reg – 09/18/2001 

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

Ending date of 

Type Application comment period 

3(a)(5) The Colonial BancGroup, Inc., Montgomery, Alabama, to merge 

with Manufacturers Bancshares, Inc., and thereby acquire 

Manufacturers Bank of Florida, both of Tampa, Florida. 

CIC Bonifay Holding Company, Inc., Bonifay, Florida, prior 

notification filed by Guy F. Medley, Michael A. Medley, J. 

Dennis DuRant, Robert A. Bowen, M. Shay McCormick, Bobby 

L. George, Wilhelmina P. Belcer, Don W. Hersman, James F. 

Adams, Orilious G. Banks, Robert E. Black, Franklin L. Fisher, 

Brian K. James, Michael P. McCann, Rupert E. Phillips, Claude 

C. Royster III, and D. Terry Tillman, to collectively acquire 100 

percent of the outstanding shares of Bonifay Holding Company, 

Inc., and its subsidiary, The Bank of Bonifay, both of Bonifay, 

Florida. 

3(a)(1) Medley Group, Inc., Dothan, Alabama, to become a bank 

holding company by acquiring Bonifay Holding Company, Inc., 

Bonifay, Florida. 

Fed Reg – 09/28/2001* 

Newspaper – 07/20/2001 

Fed Reg – 08/10/2001* 

*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 

Foreign Banco de Credito Inversiones, S.A., Santiago, Chile, to convert 

its existing Florida chartered international bank agency into a 

Florida chartered international bank branch. 
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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, August 25, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Citizens Bank, Flint, Michigan, for prior approval to establish a 

branch at 2285 Cedar Street, Holt, Michigan.* 

18(c) & Branches First Farmers Bank & Trust Company, Converse, Indiana, for 

prior approval to acquire the Greentown, Logansport, Peru, 

Roann and Wabash offices of Lake City Bank, Warsaw, Indiana 

and thereby to to establish branches at 520 W. Main Street, 

Greentown, Indiana, 3910 E. Market Street, Logansport, 

Indiana, 2 N. Broadway, Peru, Indiana, 110 Chippewa Street, 

Roann, Indiana and 1004 N. Cass Street, Wabash, Indiana.* 

Branch Johnson Bank, Racine, Wisconsin, for prior approval to establish 

a branch at 441 Lake Avenue, Racine, Wisconsin.* 

Branch Johnson Bank, Racine, Wisconsin, for prior approval to establish 

a branch at 525 Junction Road, Madison, Wisconsin.* 

18(c) & Branches M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior 

approval to merge with National City Bank of Minneapolis, 

Minneapolis, Minnesota and thereby to establish branches at 651 

Nicollet Mall, Minneapolis, Minnesota and 3905 West 69th 

Street, Edina, Minnesota.* 

Newspaper – 8/31/2001 

Newspaper – 8/23/2001 

Newspaper – 8/22/2001 

Newspaper – 8/21/2001 

Newspaper – N/Avail 

* 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) Bank Iowa Holding Company, Clarinda, Iowa, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Farmers State 

Bank, Schleswig, Iowa.* 

3(a)(1) Eagle Bancshares, Inc., Cashton, Wisconsin, for prior approval 

to become a bank holding company through the acquisition of 

100 percent of the outstanding shares of Cashton Bancshares, 

Inc., Cashton, Wisconsin and thereby indirectly Bank of 

Cashton, Cashton, Wisconsin.* 

Fed Reg – 8/27/2001 

Newspaper – 9/01/2001 

Fed Reg – 9/20/2001 

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

Ending date of 

Type Application comment period 

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

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

an additional 1,300 shares (1.97 percent), for a total ownership 

of 21,113 shares (31.99 percent) of the voting shares of Grant 

County State Bancshares, Inc., Swayzee, Indiana and thereby 

indirectly acquire Grant County State Bank, Swayzee, Indiana.* 

3(a)(3) Kerndt Bank Services, Inc., Lansing, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Westmont 

Corporation, West Union, Iowa, and thereby indirectly acquire 

Farmers Savings Bank, West Union, Iowa.* 

3(a)(3) Mid-Iowa Bancshares Co., Algona, Iowa, for prior approval to 

acquire in excess of 5% but not to exceed 10% of Horizon Bank 

(in organization), Encino, California.* 

3(a)(3) Oswego Community Bank Employee Stock Ownership Plan, 

Oswego, Illinois, for prior approval to acquire an additional 

19.69 percent, for a total of 47 percent, of the voting shares of 

Oswego Bancshares, Inc., Oswego, Illinois and thereby 

indirectly acquire Oswego Community Bank, Oswego, Illinois.* 

3(a)(3) Panhandle Aviation, Inc., Clarinda, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Bank Iowa Holding 

Company, Clarinda, Iowa, and thereby indirectly acquire 

Farmers State Bank, Schleswig, Iowa.* 

3(a)(3) River Valley Bancorp, Inc., Eldridge, Iowa, for prior approval to 

acquire 80.95 percent of the voting shares of Southeast Security 

Bank, Mediapolis, Iowa.* 

Notification by John G. Rosholt, of a Change in Control to retain 

control, and by Gary C. Rosholt to acquire control, of Rosholt 

Bancorporation, Inc., Rosholt, Wisconsin. 

3(a)(1) WB Bancshares, Inc., Bloomington, Wisconsin, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Woodhouse 

and Bartley Bank, Bloomington, Wisconsin.* 

Fed Reg – 8/24/2001 

Newspaper – 8/13/2001 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – 9/11/2001 

Newspaper – N/Avail 

Fed Reg – 9/04/2001 

Newspaper – 9/03/2001 

Fed Reg – 8/27/2001 

Newspaper – 9/01/2001 

Fed Reg – 8/27/2001 

Newspaper – 8/25/2001 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – 9/10/2001 

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 

None 

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

Type Application 

4(c)(8) Oswego Bancshares, Inc., Oswego, Illinois, for prior approval to 

guarantee the borrowings by Oswego Community Bank 

Employees Stock Ownership Plan. 

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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, August 25, 2001 

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 

CIC Notice involving Planters Holding Company, Indianola, Newspaper – N/Avail 

Mississippi, by William T. Robinson, Jr., Indianola, Mississippi, Fed Reg. – N/Avail to retain up to 12.2 percent. 

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 

123440 Eagle Bank & Trust Company 4/16/2001 8/22/2001 S X 

Little Rock, Arkansas 

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, August 25, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) & Branch The State Savings Bank of Manistique, Manistique, Michigan, to 

purchase certain assets and assume certain liabilities of the 

Naubinway, Michigan and Curtis, Michigan branches of North 

Country Bank & Trust, Traverse City, Michigan and incident 

thereto establish branches in the Michigan communities of 

Naubinway and Curtis.* 

18(c) & Branch BANKFIRST, Sioux Falls, South Dakota, to purchase certain 

assets and assume certain liabilities of the Miami, Arizona 

branch of Community First National Bank, Fargo, North Dakota, 

and immediately thereafter relocate the branch to Chandler, 

Arizona.* 

5(d)(3) & Branch Western Security Bank, Billings, Montana, to purchase certain 

assets and assume certain liabilities of the Billings, Montana 

branches of Glacier Bank, Kalispell, Montana and incident 

thereto establish branches at 670 Main Street, Billings, Montana 

and 2209 Central Avenue, Billings, Montana.* 

5(d)(3) & Branch Valley Bank of Helena, Helena, Montana, to purchase certain 

assets and assume certain liabilities of the Helena, Montana 

branch of Glacier Bank, Kalispell, Montana and incident thereto 

establish a branch at 611 North Montana, Helena, Montana.* 

Branch The Peninsula Bank, Ishpeming, Michigan, proposes to establish 

branches at 102 N. Front Street and 1414 W. Fair Avenue, both 

of Marquette, Michigan.* 

09/16/2001 

N/Avail. 

N/Avail. 

N/Avail. 

08/31/2001 

*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 

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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, August 25, 2001 

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, August 25, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Texas Bank, Weatherford, TX, 09/05/2001 

to establish a branch office at 

225 East Spring Street, Weatherford, TX, 76086* 

*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 

CIC Eugene A. Ludwig, Washington, D.C., and Evan G. Galbraith, 

New York, NY, acting as voting trustees, 

to acquire an interest in 

Laredo National Bancshares, Inc., Laredo, TX 

(previously reported the week ending August 4, 2001) 

CIC Warren A. Armstrong, La Grange, TX, et al, 

acting in concert through a voting and stock restriction 

agreement, to acquire an interest in 

La Grange Bancshares, Inc., La Grange, TX 

3(a)(3) International Bancshares Corp, Laredo, TX, and 

IBC Subsidiary Corporation, Wilmington, DE, to acquire 

National Bancshares Corporation of Texas, San Antonio, TX, 

NBT of Delaware, Inc., Wilmington, DE, and 

NBC Bank, National Association, Eagle Pass, TX* 

Fed Reg – 08/28/2001 

Newspaper – 08/23/2001 

Fed Reg – N/Avail 

Newspaper – 09/10/2001 

Fed Reg – N/Avail 

Newspaper – 09/06/2001 

*Subject to the provisions of the Community Reinvestement 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 

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, August 25, 2001 

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 

Waiver Umpqua Holdings Corporation, Portland, Oregon, to merge with 

Independent Financial Network, Inc., Coos Bay, Oregon (“IFN”), 

and thereby acquire IFN’s subsidiary banks, Independent 

Financial Network Bank, McKenzie State Bank, Lincoln Security 

Bank, Oregon State Bank, Family Security Bank, and Pacific 

State Bank, which will be merged with and into Umpqua Bank, 

Roseburg, Oregon. 

3(a)(5)(C) Alliance Bancshares California to become a bank holding 

company as a result of a corporate reorganization of Alliance 

Bank, both of Culver City, California. 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD 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