Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 10

Week Ending March 6, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions February 28, 1999 to March 6, 1999

Testimony And Statements

Long-Term Capital Management -- statement by William McDonough, President, 

Federal Reserve Bank of New York before the Subcommittee on Capital Markets, 

Securities and Government Sponsored Enterprises of the House Committee on 

Banking and Financial Services, March 3, 1999.

- Published, March 3, 1999 

Proposed "Know Your Customer" regulation -- statement by Mr. Small, Assistant 

Director, Division of Banking Supervision and Regulation, before the Subcommittee 

on Commercial and Administrative Law of the House Committee on the Judiciary, 

March 4, 1999.

- Published, March 4, 1999 

Social security -- statement by Chairman Greenspan before the Subcommittee on 

Finance and Hazardous Materials of the House Committee on Commerce, March 3, 

1999. 

- Published, March 3, 1999 

Banks, Foreign

Westdeutsche Immobilienbank, Mainz, Germany -- to establish a representative 

office in New York, New York.

- Approved, March 1, 1999 

Banks, State Member

Arizona Bank, Tucson, Arizona -- to acquire 15 branches in Arizona owned by 

subsidiary banks of Wells Fargo & Company, San Francisco, California, and establish 

branches at the locations of the acquired branches.

- Approved, March 3, 1999 

International Operations

Citibank, N.A., New York, New York -- to acquire, through its branch in Santiago, 

Chile, Financiera Atlas S.A. and Prorenta Corredores de Seguros S.A., and to effect 

a reorganization involving Prorenta Corredores de Seguros and the Chilean 

insurance operations of Citibank's Edge corporation.

- Approved, March 1, 1999 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions February 28, 1999 to March 6, 1999

Regulations And Policies

Regulations H and Y -- final rule amending the risk-based and leverage capital 

standards for state member banks and bank holding companies (Docket No. R-0947).

- Approved, October 15, 1998 (AC)

(AC) = Addition or Correction Board - Page 2 of 2
February 28, 1999 to March 6, 1999

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Cortland Savings and Banking Company, Cortland, Ohio -- to establish a branch at 

815 Youngstown-Warren Road, Suite 1, Niles, Ohio.

- Approved, March 3, 1999 

Cleveland

Dacotah Bank, Aberdeen, South Dakota -- to establish a branch at 3535 5th Street, 

Rapid City, South Dakota.

- Approved, March 5, 1999 

Minneapolis

First American Bank, Carpentersville, Illinois -- to establish a branch at 4611 West 

Golf Road, Skokie, Illinois.

- Approved, March 1, 1999 

Chicago

Greenwood Bank & Trust, Greenwood, South Carolina -- to establish a branch at 

537 Highway 72 Bypass West.

- Approved, March 2, 1999 

Richmond

Main Street Bank, Reading, Pennsylvania -- to establish a branch at 1950 Old 

Philadelphia Pike, Greenfield, Pennsylvania.

- Approved, March 1, 1999 

Philadelphia

Savings Bank and Trust Company, Orrville, Ohio -- to establish a branch at 202 

Federal Avenue, NW, Massillon, Ohio.

- Approved, March 4, 1999 

Cleveland

Sterling Bank, Mount Laurel, New Jersey -- to establish a branch at 124 East Main 

Street, Maple Shade Township, New Jersey.

- Approved, March 5, 1999 

Philadelphia

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority February 28, 1999 to March 6, 1999

Bank Branches, Domestic

United Bank and Trust Company, St. Petersburg, Florida -- to establish a branch at 

7490 Bryan Dairy Road, Largo, Florida.

- Approved, March 5, 1999 

Atlanta

Virginia Commerce Bank, Arlington, Virginia -- to establish a branch at 374 Maple 

Avenue East, Vienna, Virginia.

- Approved, March 3, 1999 

Richmond

Bank Holding Companies

Bauer Investments, Ltd., Port Lavaca, Texas -- to acquire The First National Bank 

and Seaport Bank, Seadrift, Texas.

- Approved, March 4, 1999 

Dallas

Bauer Management, Inc., Port Lavaca, Texas -- to acquire Bauer Investments, Ltd.; 

The First National Bank; and Seaport Bank, Seadrift, Texas.

- Approved, March 4, 1999 

Dallas

Carolina First Corporation, Greenville, South Carolina -- to acquire Citizens First 

National Bank, Crescent City, Florida.

- Approved, March 2, 1999 

Richmond

Carthage Nevada Financial Group, Inc., Carthage, Texas -- to acquire First State 

Bank & Trust Company.

- Approved, March 4, 1999 

Dallas

Carthage State Bancshares, Inc., Carthage, Texas -- to acquire Carthage Nevada 

Financial Group, Inc. and First State Bank & Trust Company.

- Approved, March 4, 1999 

Dallas

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority February 28, 1999 to March 6, 1999

Bank Holding Companies

Central Texas Bancshare Holding Company, Columbus, Texas, and Colorado 

County Investment Holdings, Inc., Wilmington, Delaware -- to acquire Hill 

Bancshares Holdings, Inc., Weimar, Texas, and Hill Bank & Trust Company.

- Approved, March 4, 1999 

Dallas

Clark County Bancshares, Inc., Wyaconda, Missouri -- to acquire shares of Memphis 

Bancshares, Inc., Memphis, Missouri, and Community Bank of Memphis.

- Approved, March 4, 1999 

St. Louis

Commerce Bancorp, Inc., Greenwood, Mississippi -- to acquire Bank of Commerce.

- Approved, March 1, 1999 

St. Louis

Delta Bancorp, Inc., Prospect Heights, Illinois -- to acquire, through Delta Financial 

LLC, an interest in Village Mortgage LLC and engage in mortgage loan brokering.

- Approved, March 4, 1999 

Chicago

First Ada Bancshares, Inc., Ada, Oklahoma -- to acquire Witherspoon Finance 

Company and engage in lending activities and acting as agent or broker for insurance 

directly related to an extension of credit by its subsidiary finance company.

- Approved, March 2, 1999 

Kansas City

Hometown Banc Corp., Grand Island, Nebraska -- to acquire Security State Bank, 

Sumner, Nebraska.

- Approved, March 3, 1999 

Kansas City

Hometown Independent Bancorp, Inc., Morton, Illinois -- to acquire Sunstar Bank, 

Washington, Illinois.

- Approved, March 4, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority February 28, 1999 to March 6, 1999

Bank Holding Companies

Kress Delaware National Bancshares, Inc., Kress, Texas -- to acquire Kress National 

Bank.

- Approved, March 5, 1999 

Dallas

Kress National Bancshares, Inc., Kress, Texas -- to acquire Kress Delaware National 

Bancshares, Inc. and Kress National Bank.

- Approved, March 5, 1999 

Dallas

Marshall & Ilsley Corporation, Milwaukee, Wisconsin -- to acquire the Electronic 

Banking Services division of ADP, Inc., Alpharetta, Georgia, and engage in data 

processing activities.

- Approved, March 4, 1999 

Chicago

Memphis Bancshares, Inc., Memphis, Missouri -- to acquire Community Bank of 

Memphis.

- Approved, March 4, 1999 

St. Louis

Millennium Bankshares Corporation, Reston, Virginia -- to acquire Millennium 

Bank, N.A.

- Approved, March 5, 1999 

Richmond

Morton Community Bank Employee Stock Ownership Plan and Trust, Morton, 

Illinois -- to acquire shares of Hometown Independent Bancorp, Inc. and Morton 

Community Bank.

- Approved, March 4, 1999 

Chicago

Bank Mergers

First Community Bank, Glasgow, Montana -- to merge with First Community Bank 

of Froid, Froid, Montana, and establish a branch.

- Approved, March 4, 1999 

Minneapolis

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority February 28, 1999 to March 6, 1999

Banks, State Member

Bank of Oakfield, Oakfield, Wisconsin -- to acquire assets and assume liabilities of 

the Brandon, Wisconsin, branch of M&I Central State Bank, Ripon, Wisconsin, and 

establish a branch at 127 East Main Street, Brandon.

- Approved, March 4, 1999 

Chicago

James River Bank, Waverly, Virginia -- payment of a dividend.

- Approved, March 3, 1999 

Richmond

Change In Bank Control

Clinton Bancshares, Inc., Clinton, Minnesota -- change in bank control.

- Permitted, March 5, 1999 

Minneapolis

Competitive Factors Reports

American Bank of Connecticut, Waterbury, Connecticut -- report on competitive 

factors of the proposed assumption of liabilities of the Winsted, Connecticut, branch 

of The New Milford Savings Bank, New Milford, Connecticut.

- Submitted, March 4, 1999 

Boston

Austin Bank, Texas N.A., Jacksonville, Texas -- report on competitive factors of the 

proposed merger with Austin Bank, Whitehouse, Texas, N.A., Whitehouse, Texas.

- Submitted, March 3, 1999 

Dallas

Austin Bank, Texas N.A., Jacksonville, Texas -- report on competitive factors of the 

proposed merger with Austin Bank, Big Sandy, Texas.

- Submitted, March 3, 1999 

Dallas

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority February 28, 1999 to March 6, 1999

Competitive Factors Reports

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

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

Rupert, West Virginia, branches of City National Bank of West Virginia d/b/a First 

State Bank & Trust Company, Inc., Charleston, and the Rainelle branch of 

Greenbrier Valley National Bank, Lewisburg, West Virginia.

- Submitted, March 2, 1999 

Richmond

Citizens National Bank of Hope, Hope, Arkansas -- report on competitive factors of 

the proposed merger with Peoples Bank & Loan Company, Lewisville, Arkansas.

- Submitted, March 4, 1999 

St. Louis

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

proposed acquisition of a branch of The First National Bank of Claude, Claude, 

Texas.

- Submitted, March 2, 1999 

Dallas

First National Bank, Fort Smith, Arkansas -- report on competitive factors of the 

proposed merger with River Valley Bank & Trust, Lavaca, Arkansas.

- Submitted, March 4, 1999 

St. Louis

Valley National Bank, Passaic, New Jersey -- report on competitive factors of the 

proposed merger with The Ramapo Bank, Wayne, New Jersey.

- Submitted, March 5, 1999 

New York

Webster Financial Corporation, Waterbury, Connecticut -- report on competitive 

factors of the proposed assumption of liabilities of Maritime Bank & Trust Company, 

Essex, Connecticut.

- Submitted, March 5, 1999 

Boston

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority February 28, 1999 to March 6, 1999

Extensions Of Time

Anchor Financial Corporation, Myrtle Beach, South Carolina -- extension to June 7, 

1999, to merge with Bailey Financial Corporation, Clinton, South Carolina.

- Granted, March 4, 1999 

Richmond

Northpointe Bancshares, Inc., Grand Rapids, Michigan -- extension to April 7, 1999, 

to acquire Northpointe Bank, Grand Rapids Township, Michigan.

- Granted, March 1, 1999 

Chicago

PSB BancGroup, Inc., Lake City, Florida -- extension to June 5, 1999, to acquire 

Peoples State Bank.

- Granted, March 5, 1999 

Atlanta

State Street Corporation, Boston, Massachusetts -- extension to June 10, 1999, to 

engage in certain nonbanking activities through State Street Capital Markets LLC.

- Granted, March 4, 1999 

Boston

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Moscow Narodny Bank, London, England, to establish a

representative office in New York, New York.

Newspaper – N/Avail

FBSEA Caixa Geral de Depositos, Lisbon, Portugal, to establish a

branch in New York, New York.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(3) Letchworth Independent Bancshares Corporation, Castile, New

York, to acquire at least 61 percent of the capital stock of The

Mahopac National Bank, Mahopac, New York.*

Newspaper – 03/31/1999

Fed Reg – 03/26/1999

3(a)(3) Greater Community Bancorp, Totowa, New Jersey, to acquire

100 percent of the voting shares of Rock Community Bank,

Glen Rock, New Jersey (in organization).*

Newspaper – 03/24/1999

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Asian Financial Corporation, Philadelphia, PA, to form a bank

holding company by acquiring Asian Bank, Philadelphia, PA.

Newspaper: N/Avail

Fed. Reg. : 04/02/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Member Asian Bank, Philadelphia, PA, to become a member of the

Federal Reserve System.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

368522 Apollo Trust Company, Apollo, PA 11/16/1998 3/1/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Shore Bank, Onley, Virginia, to establish a branch at 118

Dunne Avenue, Parksley, Virginia.*

Newspaper – 03/17/1999

18(c) Farmers Bank of Maryland, Annapolis, Maryland, to merge

with First Virginia Bank-Maryland, Upper Marlboro,

Maryland.*

Newspaper – 04/01/1999

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

991621 Citizens Bank and Trust Company

126 South Main Street

Blackstone, Virginia 23824-1842

12/07/1998 02/28/1999 O 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, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 1326 13th Street, Columbus, Georgia.

03/05/1999*

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

located at 3633 Bee Cave Road, Austin, Texas.

03/19/1999*

Branch Arizona Bank, Tucson, Arizona, to establish a branch located at

2727 N. Power Road, Mesa, Arizona.

03/26/1999*

*Subject to provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(5) Application by Capital City Bank Group, Inc., Tallahassee,

Florida, to merge with Grady Holding Company, Cairo,

Georgia, and thereby directly acquire First National Bank of

Grady County, Cairo, Georgia.

04/04/1999*

*Subject to provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

WAIVR Request by Capital City Bank Group, Inc, Tallahassee, Florida,

for waiver of the application requirement of section 3 of the

Bank Holding Company Act in connection with its proposed

acquisition of CCBG Interim National Bank, Cairo, Georgia

(CCBG), and CCBG’s merger with First National Bank of

Grady County, Cairo, Georgia.

3(a)(1) PB Financial Services Corporation, Duluth, Georgia, notice to

become a bank holding company by acquiring The Peachtree

Bank, Duluth, Georgia.

Member Cumberland Bank, Carthage, Tennessee, to become a member of

the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

889036 Commercial Bank of Florida

1550 SW 57 Avenue

Miami, Florida 33144

(305) 267-1200

11/16/1998 03/02/1999 S X

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, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) &

 Branch

Bank of Oakfield*

Oakfield, Wisconsin

 Brandon, Wisconsin branch of M&I Central State Bank

 Ripon, Wisconsin and thereby to establish a branch at

 127 East Main Street, Brandon, Wisconsin

Newspaper – 2/25/1999

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

Type Application

Ending date of

comment period

3(a)(3) C-B-G, Inc.*

Wilton, Iowa

 Peoples National Corporation

 Columbus Junction, Iowa

 Community Bank of Muscatine

 Muscatine, Iowa

Fed Reg – 3/23/1999

Newspaper – 3/2/1999

CIC Greater Chicago Financial Corp.

Chicago, Illinois

 By Edward S. Salomon and Salvatore T. Scambietterra

 a/k/a/ Sam Scott

Fed Reg – N/Avail

Newspaper – N/Avail

CIC Peoples Holding Corp.

Winfield, Iowa

 By Florence Adele Peterson

Fed Reg – 3/22/1999

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Notice by Melton and Wirth, Inc., Mt. Sterling, Kentucky, to

serve as general partner of M. R. Melton Limited Partnership,

Mt. Sterling, Kentucky, and thereby indirectly acquire

Morgantown Deposit Bancorp, Inc., Morgantown, Kentucky. A

companion Section 3(a)(1) notice accompanies this notice.

(Previously reported during the week ending February 27,

1999).*

Newspaper – 4/2/1999

Fed Reg – 4/1/1999

3(a)(1) Notice by M. R. Melton Limited Partnership, Mt. Sterling,

Kentucky, to acquire Morgantown Deposit Bancorp, Inc.,

Morgantown, Kentucky. A companion Section 3(a)(1) notice

accompanies this notice. (Previously reported during the week

ending February 27, 1999).*

Newspaper – 4/2/1999

Fed Reg – 4/1/1999

3(a)(1) Notice by Reliance Bancshares, Inc., Des Peres, Missouri, to

acquire Reliance Bank, Des Peres, Missouri.*

Newspaper – 3/28/1999

Fed Reg – 3/29/1999

3(a)(3) Barret Bancorp, Inc., Barretville, Tennessee, to acquire

Somerville Bank & Trust Company, Somerville, Tennessee.*

Newspaper – 4/7/1999

Fed Reg – 4/2/1999

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branch First Interstate Bank, Billings, Montana, to purchase certain

assets and assume certain liabilities of two branches of First

National Bank of Montana, Libby, Montana, located in Helena,

Montana, and Belgrade, Montana, and incident thereto establish

two branches. *

N/Avail

*Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) Stearns Financial Services, Inc. Employee Stock Ownership

Plan & Trust, St. Cloud, Minnesota, for prior approval to

increase its ownership to 30.0% of the voting shares of Stearns

Financial Services, Inc., St. Cloud, Minnesota, Minnesota.*

04/02/1999 (Fed. Reg.)

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Guaranty Development Company, Livingston, Montana, to

engage in mortgage banking activities through a joint venture,

Kennedy American Mortgage, LLC, Bozeman, Montana

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

Type Application

MBR Big Sky Western Bank, Big Sky, Montana, for prior approval to

become a member of the Federal Reserve System

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

application for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

945950 Grand Marais State Bank

Grand Marais, Minnesota

11/16/1998 03/02/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Eaton Bank, Eaton, Colorado, to establish a branch at 1550 East

Harmony Road, Fort Collins, Colorado.

Newspaper – 03/10/1999

Branch Bank of Jackson Hole, Jackson, Wyoming, to establish a branch

at 10 East Pearl Street, Jackson, Wyoming.

Newspaper – 03/05/1999

18(c) / Branch Adams Bank & Trust Company, Ogallala, Nebraska, to merge

with Bank of Indianola, Indianola, Nebraska, and incident

thereto, establish an additional branch.

Newspaper – 03/20/1999

18(c) / Branch Premier Bank, Lenexa, Kansas, to merge with Bank of Craig,

Craig, Missouri, and incident thereto, establish an additional

branch.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

CIC Lester L. Ward, Jr., Denver, Colorado, as trustee of Mahlon T.

White’s CRT’s #3, #4, #5, #6, for approval to acquire voting

shares of Minnequa Bancorp, Inc., Pueblo, Colorado; and

thereby indirectly acquire Minnequa Bank, Pueblo, Colorado.

Newspaper – 03/31/1999

Fed Reg – N/Avail

CIC Chris J. Murphy, Omaha, Nebraska, to acquire voting shares of

Otoe County Bancorporation, Inc., Nebraska City, Nebraska,

and thereby indirectly acquire Otoe County Bank & Trust

Company, Nebraska City, Nebraska.

Newspaper – N/Avail

Fed Reg – 03/19/1999

3(a)(3) Ameriwest Corporation, Omaha, Nebraska, to acquire 32

percent of the equity of Otoe County Bancorporation, Inc.,

Nebraska City, Nebraska, and thereby acquire Otoe County

Bank & Trust Company, Nebraska City, Nebraska.

Newspaper – 03/25/1999

Fed Reg – 03/29/1999
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Member Adrian Bank, Adrian, Missouri, for membership in the Federal

Reserve System.

4(c)(8) Gold Banc Corporation, Leawood, Kansas, to acquire 100

percent of CompuNet Engineering, L.L.C., Overland Park,

Kansas, and thereby engage in data processing and management

consulting and counseling activities.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

55487 Five Point Bank

Grand Island, Nebraska

12/07/1998 03/04/1999 S X
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, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Community Bank, Granbury, TX, to establish a branch at

the intersection of Highway 67 (West Henderson) and

Nolan River Road, Cleburne, TX 76033*

Newspaper - 03/15/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Jean M. Champagne, Mandeville, LA, only notificant, to

acquire an interest in American Bancshares - Red River, Inc.,

Coushatta, LA

Fed Reg - 03/23/1999

Newspaper - 03/26/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Member Citizens Bank, Slaton, TX, to become a member of the

Federal Reserve System
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, March 6, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Wells Fargo & Company, San Francisco, California, together

with Norwest Mortgage, Inc., and Norwest Ventures LLC, both

of Des Moines, Iowa, to engage in a joint venture through the

sale of 50 percent of Norwest Pinnacle Mortgage, LLC, to

Dickson Realty, Inc., both of Reno, Nevada.

Fed Reg – 03/23/1999

4(c)(8) Wells Fargo & Company, San Francisco, California, together

with Norwest Mortgage, Inc., and Norwest Ventures LLC, both

of Des Moines, Iowa, to engage in a joint venture through the

sale of 50 percent of Vintage Capital, San Jose, California, to

Quail Hill Investments, Inc., San Jose, California, and 5 percent

to RAS Financial Services, Inc., Pases Verdes Estates,

California.

Fed Reg – 03/25/1999
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

3(a)(5)(C) Farmers & Merchants Bancorp, Lodi, California, to become a

bank holding company by acquiring Farmers & Merchants Bank

of Central California, Lodi, California.

Waiver East West Bancorp, San Marino, California, requested a waiver

of any Bank Holding Company Act application requirement in

connection with its proposed acquisition of First Central Bank,

N.A., Cerritos, California, which will subsequently be merged

into East-West Bank, San Marino, California.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None