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

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 45

Week Ending November 8, 1997

Federal Reserve Release

H.2

Applications and Reports Received
No. 45

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Centura Bank, Rocky Mount, North Carolina -- to purchase certain assets and

assume certain liabilities of five branches of NationsBank, N.A., Charlotte, North

Carolina.

- Approved, November 4, 1997 

BANK MERGERS

Marble Falls National Bancshares, Inc., Marble Falls, Texas -- change in bank

control.

- Permitted, November 5, 1997 

CHANGE IN BANK CONTROL

Hamilton Bank, N.A., Miami, Florida -- to establish a branch in Hato Rey, Puerto

Rico.

- Approved, November 5, 1997 

INTERNATIONAL OPERATIONS

Capital adequacy -- revised policy for risk-focused supervision of shell bank holding

companies with less than $1 billion in assets.

- Announced, November 6, 1997 

REGULATIONS AND POLICIES

Capital guidelines -- request for comment on proposed revisions of risk-based

capital guidelines to address the regulatory capital treatment of recourse

obligations, direct credit substitutes, and securitized transactions.

- Announced, November 4, 1997 

Payment system -- unified risk policy for privately operated multilateral settlement

systems (Docket R-0987).

- Approved, November 5, 1997 

Regulation D -- request for comment on proposed amendments to change from the

present system of contemporaneous reserve requirements to one of lagged reserve

requirements (Docket R-0988.)

- Approved, November 5, 1997 
H.2

November 2, 1997 to November 8, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Page 2

Reserves -- amendment to Regulation D to decrease from $49.3 million to $47.8

million in net transaction accounts to which a 3 percent reserve requirement will

apply in 1998; to change the amount of reservable liabilities of each depository

institution that is subject to a reserve requirement of zero percent; and to increase

the deposit cutoff level for 1998.

- Approved, November 7, 1997 

Directors -- appointment of Chairmen and Deputy Chairmen of the twelve Federal

Reserve Banks.

- Announced, November 3, 1997 

RESERVE BANK OPERATIONS

Federal Reserve priced services -- fee schedule for 1998.

- Approved, November 5, 1997 

RESERVE BANK SERVICES

Priced services -- private sector adjustment factor for 1998 (Docket R-0986).

- Approved, November 5, 1997 
H.2

November 2, 1997 to November 8, 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

Citizens Bank & Trust Company, Van Buren, Arkansas -- to establish a branch at 4

Northridge Drive, Van Buren, Arkansas.

- Approved, November 4, 1997 

BANK BRANCHES, DOMESTIC

St. Louis

WestAmerica Bank, San Rafael, California -- to establish a mobile branch to serve

Marin County California.

- Approved, November 7, 1997 

San Francisco

Amador Merger Corporation, Las Cruces, New Mexico -- to acquire Amador

Bancshares, Inc., and Citizens Bank of Las Cruces.

- Approved, November 5, 1997 

BANK HOLDING COMPANIES

Dallas

A.N.B. Holding Company, Ltd., Terrell, Texas, and A.N.B. Delaware Corp.,

Wilmington, Delaware -- to acquire The First National Bank of Wills Point, Wills

Point, Texas.

- Approved, November 6, 1997 

Dallas

Canistro Valley Corporation, Canistro, New York -- to acquire First State Bank.

- Approved, November 4, 1997 

New York

Capitol Bancorp, Ltd., Lansing, Michigan -- to acquire shares of Muskegon

Commerce Bank.

- Approved, November 5, 1997 

Chicago
H.2

November 2, 1997 to November 8, 1997

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Deposit Guaranty Corp., Jackson, Mississippi -- request for waiver of application to

acquire Victory Bancshares, Inc., Cordova, Tennessee, and Victory Bank and Trust

Company.

- Granted, November 5, 1997 

Secretary

F&M Bancshares, Inc., Langdon, North Dakota -- to acquire Farmers and Merchants

State Bank.

- Approved, November 3, 1997 

Minneapolis

First Citizens Bancshares, Inc., Dyersburg, Tennessee -- to acquire Bank of Troy,

Troy, Tennessee.

- Approved, November 5, 1997 

Secretary

First National Bancorp, Inc., Green Forest, Arkansas -- to acquire First National

Bank of Green Forest.

- Approved, November 7, 1997 

St. Louis

Firstar Corporation, Milwaukee, Wisconsin -- relief from commitments to submit

quarterly reports in connection with acquisition by First Colonial Bankshares

Corporation, Chicago, Illinois, of Hi-Bancorp, Inc., Highwood, Illinois, and GNP

Bancorp, inc., Mundelein, Illinois. 

- Granted, November 3, 1997 

Chicago

Governor and Company of The Bank of Ireland, Dublin 2, Ireland -- to engage de

novo in lending activities through Bancireland/First Financial Inc., and to acquire

shares of Trade Financial Services, Inc.

- Permitted, November 3, 1997 

Boston
H.2

November 2, 1997 to November 8, 1997

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Great Southern Capital Corporation Employee Stock Ownership Trust, Meridian,

Mississippi -- to acquire shares of Great Southern Capital Corporation.

- Approved, November 4, 1997 

Atlanta

Huntington Bancshares Incorporated, Columbus, Ohio -- to acquire Solutions by

Design, Inc., Atlanta, Georgia, and engage in data processing activities.

- Permitted, November 4, 1997 

Cleveland

MBNA Corporation, Wilmington, Delaware -- to acquire MBNA America Bank

(Delaware), Wilmington, Delaware.

- Approved, November 7, 1997 

Philadelphia

Norwest Corporation, Minneapolis, Minnesota; Norwest Financial Services, Inc., Des

Moines, Iowa; and Norwest Financial, Inc. -- to acquire certain assets of Second

National Fund Corporation, Bala Cynwyd, Pennsylvania.

- Approved, November 3, 1997 

Minneapolis

Penns Woods Bancorp, Inc., Williamsport, Pennsylvania -- to acquire up to 10

percent of Columbia Financial Corporation, Bloomsburg, Pennsylvania.

- Approved, November 3, 1997 

Philadelphia

Roscoe Community Bankshares, Inc., Roscoe, South Dakota -- to acquire First State

Bank of Roscoe.

- Approved, November 5, 1997 

Minneapolis

Roseville 1st Community Bancorp, Roseville, California -- to acquire Roseville 1st

National Bank,

- Approved, November 6, 1997 

San Francisco
H.2

November 2, 1997 to November 8, 1997

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Security State Bancshares, Inc., Charleston, Missouri -- to acquire Merchants and

Planters Bank of Hornersville , Hornersville, Missouri.

- Approved, November 4, 1997 

St. Louis

Sparta Union Bancshares, Inc., Sparta, Wisconsin -- to acquire Union National Bank

& Trust Company, Sparta, Wisconsin.

- Approved, November 6, 1997 

Chicago

Toronto-Dominion Bank, Toronto, Ontario, Canada, and Waterhouse Investor

Services, Inc., New York, New York -- to acquire Kennedy, Cabot & Co., Beverly

Hills, California, and engage in investment advisory activities and securities

brokerage and riskless principal activities.

- Approved, November 7, 1997 

New York

U.S. Bancorp, Minneapolis, Minnesota -- to acquire Zappco, Inc., St, Cloud,

Minnesota.

- Approved, November 3, 1997 

Minneapolis

U.S. Bancorp, Minneapolis, Minnesota -- to engage in data processing activities

through acquisition of Zapp Data, Inc., St. Cloud, Minnesota.

- Permitted, November 3, 1997 

Embry Bankshares, Inc., Duluth, Georgia -- change in bank control.

- Permitted, November 3, 1997 

CHANGE IN BANK CONTROL

Atlanta

Mid-Iowa Bancshares Co. Algona, Iowa -- change in bank control notice.

- Returned, November 7, 1997 

Chicago
H.2

November 2, 1997 to November 8, 1997

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Security National Corporation, Omaha, Nebraska -- change in bank control.

- Permitted, November 3, 1997 

Kansas City

Tri-County Bancshares, Inc., Linn, Kansas -- change in bank control.

- Permitted, November 6, 1997 

Kansas City

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

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

Laurel, New Jersey, branch of Summit Bank, Hackensack New Jersey. 

- Submitted, November 6, 1997 

COMPETITIVE FACTORS REPORTS

Philadelphia

Capital Interim Bank, Inc., Charleston, West Virginia -- report on competitive factors

of the proposed merger with The Capital State Bank, Inc.

- Submitted, November 3, 1997 

Richmond

Durant Bank & Trust Company, Durant, Oklahoma -- report on competitive factors

of the proposed merger with First United Bank & Trust, Holdenville, Oklahoma.

- Submitted, November 7, 1997 

Kansas City

First Home Savings Bank, Mountain Grove, Missouri -- report on competitive

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

the Crane and Galena, Missouri, branches of NationsBank, N.A., Charlotte, North

Carolina.

- Submitted, November 4, 1997 

St. Louis

First National Bank of Bemidji, Bemidji, Minnesota -- report on competitive factors

of the proposed merger with Interim First National Bank of Bemidji.

- Submitted, November 6, 1997 

Minneapolis
H.2

November 2, 1997 to November 8, 1997

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

First National Bank of Wills Point, Wills Point, Texas -- report on competitive

factors of the proposed merger with Wills Point Interim National Bank.

- Submitted, November 5, 1997 

Dallas

First Union National Bank, Avondale, Pennsylvania -- report on competitive factors

of the proposed merger with Covenant Bank, Haddonfield, New Jersey.

- Submitted, November 5, 1997 

Philadelphia

Sunrise Bank of California, Roseville, California -- report on competitive factors of

the proposed merger with First Commercial Bank, Sacramento, California.

- Submitted, November 5, 1997 

San Francisco

Texas Central Bank, N.A., Dallas, Texas -- report on competitive factors of the

proposed merger with Interim Texas Central Bank, N.A.

- Submitted, November 4, 1997 

Dallas

Woodcreek Bank, Houston, Texas -- report on competitive factors of the proposed 

merger with First National Bank of Dayton, Dayton, Texas.

- Submitted, November 5, 1997 

Dallas

BankAmerica Corporation, San Francisco, California -- extension for subsidiary to

divest certain property.

- Granted, November 6, 1997 

EXTENSIONS OF TIME

San Francisco

FNB Corporation, Hermitage, Pennsylvania -- extension to February 15, 1998, to

acquire shares of Sun Bancorp, Inc., Selinsgrove, Pennsylvania.

- Granted, November 5, 1997 

Cleveland
H.2

November 2, 1997 to November 8, 1997

Page 7

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

P.C.B. Bancorp, Inc., Largo, Florida -- extension to February 13, 1998, to acquire

Anchor Savings Bank, F.S.B., St. Petersburg, Florida, and engage in operating a

savings association.

- Granted, November 3, 1997 

Atlanta

Peoples Bancorp, Inc., Marietta, Ohio -- extension to February 8, 1998, to acquire

Gateway Bancorp, Inc., Catlettsburg, Kentucky.

- Granted, November 6, 1997 

Cleveland

Capital One Financial Corporation, Falls Church, Virginia -- request for modification

of commitment made in connection with application to establish a branch in London,

England.

- Granted, November 3, 1997 

INTERNATIONAL OPERATIONS

Director, BS&R

State Bank of Burden, Burden, Kansas -- to become a member of the Federal

Reserve System.

- Approved, November 4, 1997 

MEMBERSHIP

Kansas City
H.2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Additions/Corrections

Hocking Valley Bank, Athens, Ohio -- to establish a branch at 118 North Plains

Road, The Plains, Ohio.

- Approved, October 31, 1997 

BANK BRANCHES, DOMESTIC

Cleveland

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

Bank of the Gulf Coast.

- Approved, October 29, 1997 

BANK HOLDING COMPANIES

Atlanta

State of Franklin Bancshares, Inc., Johnson City, Tennessee -- to acquire State of

Franklin Savings Bank.

- Returned, October 29, 1997 

Atlanta

Jamaica Building Society, Kingston, Jamaica -- to establish an international

representative office in Fort Lauderdale, Florida.

- Withdrawn, October 29, 1997 

BANKS, FOREIGN

Atlanta
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of 11-7-97 

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 - 12/3/97

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

11/28/97

 application to acquire Community Savings Bank, Bristol,

 Connecticut Fed Reg - 12/3/97

*3(a)(1) Mystic Financial, Inc., Medford, Massachusetts - application to become Newspaper - 12/5/97

 a bank holding company through the acquisition of Medford

Cooperative Bank, Medford, Massachusetts Fed Reg - 12/8/97

*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 11/02/97-11/08/97

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Manufacturers and Traders Trust Company, Buffalo, New 11/28/97

York, to establish a branch office at 441 Greece Ridge

Center Mall, Greece, New York.*

Branch Chase Manhattan Bank, New York, New York, to 12/08/97

establish a branch office at 505 Main Street, Hackensack,

New Jersey. *

* Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Application by Mr. David D. Dallas and Mr. Robert J. Van N/Avail

Volkenburgh, Jr., to acquire in excess of 10% of the common

stock of Unity Bancorp, Inc., Clinton, New Jersey.

 

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of November 3,1997

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 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

3(a)(1) PSB Bancorp, Inc. Philadelphia, PA, to become a bank holding 12/05/97

company by acquiring Pennsylvania Savings Bank, Philadelphia,

PA.

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending 11/08/97

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18CNEW Received notice from The Citizens Banking Company, *November 26, 1997

BKBR Salineville, OH on November 7, 1997, of its intent to

acquire and merge with UniBank, Steubenville, OH and

incident thereto establish branch facilities.

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 

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

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

381727 The First State Bank of West Manchester 8/11/97 11/5/97 Satisfactory

381026 The Twin Valley Bank 8/18/97 11/7/97 Satisfactory

101 North Main Street

West Manchester, OH 45381

Two East Dayton Street

West Alexandria, OH 45381
Section VI - CRA examinations scheduled for Fourth Quarter of 1997

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
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of November 3, 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(1)(3) Eastern Virginia Bankshares, Inc., Tappahannock, Virginia, to become 12-5-97**

a bank holding company through the acquisition of 100% of the voting

shares of Southside Bank, Tappahannock, Virginia, and Bank of

Northumberland, Incorporated, Heathsville, Virginia.*

 *Application is subject to CRA requirements.

**Expiration of comment period as 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 

Member Shore Bank, Onley, Virginia (the proposed successor to Shore Bank,

Onley, Virginia ((a Federal thrift institution)), for membership in the

Federal Reserve System.
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

188720 The Farmers Bank of Appomattox 8-18-97 10-31-97 Outstanding Small

18 Main Street

Appomattox, Virginia 24522

858126 The Bank of Tidewater 8-18-97 10-31-97 Satisfactory Small

1548 Laskin Road

Virginia Beach, Virginia 23451-6112

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 of November 7, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) Colonial Bank, Montgomery, Alabama, to merge with United N/Avail*

American Bank of Central Florida, Orlando, Florida.

18(c) Compass Bank, Houston, Texas, to merge with West University 11-29-97*

Bank, National Association, Houston, Texas.

*Application is subject to CRA requirements.

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

Type Application comment period

Ending date of 

3(a)(5) The Colonial BancGroup, Inc., Montgomery, Alabama, to merge N/Avail*

with United American Holding Corporation, and thereby directly

acquire United American Bank of Central Florida, both of Orlando,

Florida.

3(a)(5) Compass Bancshares, Inc., Birmingham, Alabama, along with 12-05-97*

Compass Banks of Texas, Inc., Birmingham, Alabama, and Fed Reg

Compass Bancorporation of Texas, Inc., Wilmington, Delaware, to

merge with First University Corporation, and thereby directly

acquire its subsidiary, West University Bank, National Association,

both of Houston, Texas.

CIC White Eagle Financial Group, Inc., Palm Beach Gardens, Florida, N/Avail*

change in control notice by Mr. Bruce A. Mahon, Jupiter, Florida;

Mr. Michael E. Golden, Boca Raton, Florida; Mr. Thomas L.

Gray, Jr., Princeton, New Jersey; Mr. Mark A. Wolters, Hamilton

Square, New Jersey; Mr. Richard P. Rosa, Andover, New Jersey;

and Mr. Ben Lichtenberg, Berwyn, Pennsylvania, to collectively

acquire 21.7 percent of the outstanding shares of White Eagle

Financial Group, Inc., Palm Beach Gardens, Florida.

3(a)(3) Riverside Banking Company, Fort Pierce, Florida, to acquire N/Avail*

23.53 percent of Class A Stock and 8.89 percent of Class B Stock of

Riverside Gulf Coast Banking Company, and its subsidiary,

Riverside Bank of the Gulf Coast, both of Cape Coral, Florida.

*Application is subject to CRA requirements.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Citizens Bancshares Corporation, Atlanta, Georgia, to acquire FSB N/Avail

Mortgage Services, Inc., Decatur, Georgia, and thereby engage in

providing residential mortgage lending and mortgage brokering

services, pursuant to Section 225.28(b) of Regulation Y.

4(c)(8) SunTrust Banks, Inc., Atlanta, Georgia, to acquire Equitable 11-26-97

Securities Corporation, Nashville, Tennessee, and thereby engage in

the following securities-related activities: Underwriting and dealing

in all types of ineligible securities. See J.P. Morgan & Co.

Incorporated, The Chase Manhattan Corporation, Bankers Trust

New York Corporation, Citicorp and Security Pacific Corporation,

75 Fed. Res. Bull. 192 (1989), aff’d sub nom. Securities Industries

Association v. Board of Governors of the Federal Reserve System,

900 F.2d 360 (D.C. Cir 1990); Extending credit and servicing loans

pursuant to Section 225.28(b)(1) of Regulation Y; Activities related

to extending credit, specifically, arranging commercial real estate

equity financing, pursuant to Section 225.28(b)(2)(ii) of Regulation

Y; Leasing personal or real property pursuant to Section

225.28(b)(3) of Regulation Y; Trust company activities pursuant to

Section 225.28(b)(5) of Regulation Y; Financial and investment

advisory activities pursuant to Section 225.28(b)(6) of Regulation

Y; Securities brokerage activities pursuant to Section

225.28(b)(7)(i) of Regulation Y; Riskless principal activities

pursuant to Section 225.28(b)(7)(ii) of Regulation Y; Private

placement services pursuant to Section 225.28(b)(7)(iii) of

Regulation Y; Other transactional services pursuant to Section

225.28(b)(7)(v) of Regulation Y; Underwriting and dealing in

government obligations and money market instruments pursuant to

Section 225.28(b)(8)(i) of Regulation Y; Investing and trading

activities pursuant to Section 225.28(b)(8)(ii) of Regulation Y; and

other related incidental activities. See, e.g., J.P. Morgan & Co., 75

Fed. Res. Bull. at 213 n. 59.

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

Type Application comment period

Ending date of 

COM FABP Bancshares, Inc., Pensacola, Florida, commitment waiver

request.

COM First Colony Bancshares, Inc., Alpharetta, Georgia, commitment

waiver request.

COM Claiborne Holding Company, Inc., Tazewell, Tennessee,

commitment waiver request.
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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of November 7, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch First Banking Center-Burlington Newspaper - 11/14/97

Burlington, Wisconsin

 Park Street

 Lake Geneva, Wisconsin

Newspaper - Newspaper Comment Period Ending Date

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 Newspaper - 11/26/97

 Crystal Lake Bank & Trust Company, National Association

 (in organization)

 Crystal Lake, Illinois

COC-HC Mid-Iowa Bancshares Co. Fed Reg - 11/21/97

Algona, Iowa Newspaper - N/Avail

 by Paul H. Johnson and Neva M. Johnson to increase their

ownership to 11.24 percent

3(a)(3) Bank of Montreal* Fed Reg - 11/28/97

Montreal, Canada Newspaper - N/Avail

 Harris Trust Company of Florida

 West Palm Beach, Florida

3(a)(3) Bankmont Financial Corp.* Fed Reg - 11/28/97

New York, New York Newspaper - N/Avail

 Harris Trust Company of Florida

 West Palm Beach, Florida

3(a)(3) Harris Bankcorp, Inc.* Fed Reg - 11/28/97

Chicago, Illinois Newspaper - N/Avail

 Harris Trust Company of Florida

 West Palm Beach, Florida
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

3(a)(3) First of Waverly Corporation* Fed Reg - 12/5/97

Waverly, Iowa Newspaper - N/Avail

 Schrage, Ltd.

 Plainfield, Iowa

 Farmers State Bank

 Plainfield, Iowa

3(a)(3) Heartland Bancshares, Inc.* Fed Reg - 12/5/97

Lenox, Iowa Newspaper - N/Avail

 Union Bank of Arizona, N.A. (in organization)

 Gilbert, Arizona

3(a)(1) Hometown Bancorp, Ltd.* Fed Reg - 12/8/97

Fond du Lac, Wisconsin Newspaper - N/Avail

 St. Cloud Bancshares, Inc.

 St. Cloud, Wisconsin

 State Bank of St. Cloud

 St. Cloud, Wisconsin

3(a)(3) State Financial Services Corporation* Fed Reg - 11/14/97

Hales Corners, Wisconsin Newspaper - 11/26/97

 Richmond Bancorp, Inc.

 Gurnee, Illinois

 Richmond Bank

 Richmond, Illinois

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not available at this time

* - Subject to the provision of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Community National Bancorporation Fed Reg - N/Avail

Waterloo, Iowa

 to engage de novo in lending activities

4(c)(8) State Financial Services Corporation Fed Reg - 11/14/97

Hales Corners, Wisconsin

 Richmond Financial Services, Inc.

 Richmond, Illinois

Fed Reg - Federal Register Comment Period Ending Date

N/Avail - Not available at this time
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

897545 Parish Bank & Trust 7/28/97 11/3/97 Outstanding Small

29 Dixie Highway

P.O. Box 228

Momence, IL 60954-0228

(815) 472-2676

991340 1st Source Bank 6/23/97 11/4/97 Outstanding Large

1st Source Center

100 North Michigan

South Bend, IN 46634

(219) 235-2000
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

502746 Community State Bank 7/21/97 11/6/97 Outstanding Small

108 South Main Street

P.O. Box 79

Avilla, IN 46710-0079

(219) 897-3361

3636648 Security Trust & Savings Bank 8/18/97 11/7/97 Satisfactory Small

601 Lake Avenue

P.O. Box 429

Storm Lake, IA 50588-0429

(712) 732-3022

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 of November 4, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

9 * Notice by Truman Bank, Clayton, Missouri, to Newspaper: 11/18/97

establish a branch at 3899 South Service Road, 

Unit J, St. Peters, Missouri.

Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Notice involving Casey County Bancorp, Inc., Fed Reg: 11/26/97

Liberty, Kentucky, by John T. Wesley, Micah

S. Beard, and Middleburg Bancorp, Inc., Middleburg,

Kentucky (the bank holding company will have a less

than 5% interest).

3(a)(1) * Notice by First Western Bancshares, Inc. Employee N/A

Stock Ownership Trust, Booneville, Arkansas, to

acquire 30.4 percent of the voting shares of First

Western Bancshares, Inc., Booneville, 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 

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

363844 State Bank of Jerseyville 7/28/97 11/7/97 Satisfactory Small Bank

Jerseyville, Illinois

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 of November 3, 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) Norwest Corporation, Minneapolis, Minnesota for prior approval to December 5, 1997

acquire 100% of the voting shares of the Fidelity Bancshares, Inc., (Fed Reg)

Fort Worth, Texas

225.41 Angelina Mixner to acquire control of 100% of the voting shares of November 26, 1997

Madison Agency, Inc., Sioux Falls, 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

4(c)(13) Norwest Corporation, Minneapolis, Minnesota; Norwest 

 Financial Services, Inc., Des Moines, Iowa; and Norwest

 Financial, Inc., Des Moines, Iowa; to acquire 100% of

 Finvercon S.A. Compania Financiera, Buenos Aires, Argentina
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

687951 First Western Bank & Trust 7/21/97 11/03/97 Satisfactory Small Bank

595953 Farmers State Bank of Denton 7/28/97 11/04/97 Outstanding Small Bank

619457 Flint Creek Valley Bank 7/28/97 11/04/97 Satisfactory Small Bank

Minot, North Dakota

Denton, Montana

Philipsburg, Montana

Section VI - CRA examinations scheduled Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of November 7, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) / Branch First State Bank & Trust Company of Larned, Larned, Kansas - Newspaper - 12/03/97

application to purchase the assets and assume the liabilities of

the Pratt, and Iuka, Kansas branches of NationsBank, N.A.,

Charlotte, North Carolina; and to establish additional branches.

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

Type Application comment period

Ending date of 

*3(a)(1) Commercial Guaranty Acquisition Corp., Shawnee Mission, Kansas Newspaper -

- application to become a bank holding company through the 11/28/97

acquisition of 100 percent of the voting stock of Humboldt Fed Reg - 11/28/97

Bancshares, Inc., Humboldt, Kansas; and thereby indirectly acquire

Humboldt Bank, Humboldt, Kansas.

*3(a)(3) Commerical Guaranty Corp., Shawnee Mission, Kansas - Newspaper -

 application to acquire 100 percent of the voting shares of Humboldt 11/28/97

 Bancshares, Inc., Humboldt, Kansas. Fed Reg - 11/28/97

CIC Citizens State Bancorp., Inc., Morrison, Oklahoma - Ricky Dean Newspaper - N/Avail

 and Janis Lee McSwain, both of Morrison, Oklahoma, to acquire Fed Reg - 11/26/97 

 voting shares, and thereby indirectly acquire Citizens State Bank, 

 Morrison, Oklahoma. 

*3(a)(1) AmeriGroup, Inc., Hershey, Nebraska - application to become a Newspaper - 

 bank holding company by acquiring and additional 70.53 percent, 11/30/97

 for a total of 80.24 percent, of the voting shares of Hershey State Fed Reg - 12/03/97

 Bank, Hershey, Nebraska.

*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) AmeriGroup, Inc., Hershey, Nebraska - application to engage in the Fed Reg - 12/03/97

sale of general insurance, pursuant to 225.28(b)(11)(iii) of the

Board’s Regulation Y.

*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 

None

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
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 of November 3, 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) Citizens Bankers, Inc., Baytown, TX, and Citizens Bankers of **97/12/03

Delaware, Inc., Wilmington, DE, to acquire First National Bank of

Bay City, Bay City, TX 

*3(a)(5) Cullen Frost Bankers, Inc., San Antonio, TX, and New Galveston **97/11/25

Company, Wilmington, DE, to acquire Harrisburg Bancshares, Inc.,

Houston, TX, Harrisburg Bancshares, Inc., Reno, NV, and

Harrisburg Bank, Houston, TX

CIC Clayton Douglas Murr, Junction, TX, only notificant, to acquire an **97/11/14

interest in First State Bank, Junction, TX

*3(a)(3) Hillister Enterprises II, Inc., Beaumont, Texas; Umphrey II Family **97/12/01

Limited Partnership, Beaumont, Texas; Southeast Texas

Bancshares, Inc., Beaumont, Texas; and Texas Community

Bancshares of Delaware, Inc., Wilmington, Delaware, to acquire

Silsbee Financial Corporation, Silsbee, Texas; Silsbee Delaware

Corporation, Wilmington, Delaware; and Silsbee State Bank,

Silsbee, Texas.

CIC Jack C. Vanderburg, Dalhart, TX, et al, to acquire an interest in N/Avail

First Dalhart Bancshares, Inc., Dalhart, 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

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

946461 First Bankof Muleshoe 97/07/28 97/11/03 Satisfactory Small

202 South 1st Street

P.O. Box 565

Muleshoe, TX 79347

Section VI - CRA examinations scheduled Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of 11/03/97 through 11/07/97

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Garfield Bank, Montebello, California to establish a branch Newspaper 10/24/97

office at 15615 Alton Parkway, Irvine, California. *

Branch The Bank of Casa Grande Valley, Casa Grande, Arizona, to Newspaper 12/05/97

establish a branch office at 13640 S. Sunland Gin Road,

Arizona City, Arizona. *

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

Type Application comment period

Ending date of

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 11/28/97

3(a)(1) Community West Bancshares, Goleta, California, to become a bank Newspaper 11/30/97

holding company by acquiring Goleta National Bank, Goleta,

California. * Fed Reg N/Avail

3(a)(1) Urban Bank, Makati City, Philippines, to become a bank holding Newspaper N/Avail

company by acquiring Redwood Bancorp, San Francisco,

California. * 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 

4(c)(8) First Security Corporation, Salt Lake City, Utah, to engage in Fed Reg N/Avail

underwriting and dealing in certain "bank eligible" and "bank

ineligible" securities, other securities related activities, and

activities incidental thereto through the establishment of a Section

20 broker dealer subisidiary, First Security Capital Markets, Inc.,

Salt Lake City, Utah.

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

Type Application comment period

Ending date of

4(c)(8) BankAmerica Corporation, San Francisco, California, through its None

subsidiary, First Franklin Companies, Inc., San Jose, California, to

further engage in mortgage lending and servicing activities through

the acquisition of National Equity Corporation, Irvine, California.
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

None

Section VI - CRA examinations scheduled Quarter of

Institution Location

None