Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 21

Week Ending May 20, 2000

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 14, 2000 to May 20, 2000

Testimony And Statements

Love Bug computer virus -- statement by Stephen R. Malphrus, Staff Director for 

Management, before the Subcommittee on Financial Institutions of the Senate 

Committee on Banking, Housing, and Urban Affairs.

- Published, May 18, 2000 

Discount Rates

Discount Rates -- increase from 5-1/2 percent to 6 percent by the Federal Reserve 

Banks of Boston, Cleveland, Richmond, and San Francisco.

- Approved, May 16, 2000 

Discount Rates -- increase from 5-1/2 percent to 6 percent by the Federal Reserve 

Banks of Atlanta, Chicago, St. Louis, effective May 18, 2000, Dallas, and Kansas 

City.

- Approved, May 17, 2000 

Discount Rates -- increase from 5-1/2 percent to 6 percent by the Federal Reserve 

Banks of Philadelphia and Minneapolis.

- Approved, May 18, 2000 

Discount Rates -- increase from 5-1/2 percent to 6 percent by the Federal Reserve 

Bank of New York.

- Approved, May 19, 2000 

International Operations

Mellon Bank, N.A., Pittsburgh, Pennsylvania -- to establish a branch in Toronto, 

Canada

- Approved, May 15, 2000 

Regulations And Policies

Regulation Z -- publication for comment of proposed amendments to the disclosure 

requirements for credit and charge card solicitations and applications (Docket R1070).

- Approved, May 17, 2000 

Rules Regarding Access to Personal Information under the Privacy Act -- final rule.

- Approved, May 18, 2000 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions May 14, 2000 to May 20, 2000

Regulations And Policies

Systems of Records -- to establish Multi-rater Feedback Records as a new system of 

records under the Privacy Act (Docket R- 1072).

- Proposed, May 18, 2000 

Enforcement

Korea Exchange Bank, Seoul, Korea -- consent order issued jointly with federal and 

state banking agencies.

- Announced, May 18, 2000 

(AC) = Addition or Correction Board - Page 2 of 2
May 14, 2000 to May 20, 2000

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

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 2905 Bayshore 

Boulevard, Tampa, Florida.

- Approved, May 18, 2000 

Secretary

Bank of Clarke County, Berryville, Virginia -- to establish a branch at 190 Campus 

Boulevard, Suite 120, Winchester.

- Approved, May 18, 2000 

Richmond

Citizens Bank and Trust Company, Okmulgee, Oklahoma -- to establish a branch at 

2401 East Hancock Street, Muskogee, and invest in bank premises.

- Approved, May 17, 2000 

Kansas City

First Liberty Bank and Trust, Jermyn, Pennsylvania -- to acquire branches of Mellon 

Bank, N.A., Pittsburgh, at 400 Spruce Street, Scranton, and 101 Old Lackawanna 

Trail, Clarks Summit.

- Approved, May 15, 2000 

Philadelphia

Lafayette Ambassador Bank, Easton, Pennsylvania -- to establish a branch at 2045 

City Line Road, Bethlehem.

- Approved, May 17, 2000 

Philadelphia

Rancho Bernardo Community Bank, San Diego, California -- to establish a branch at 

3412 College Avenue.

- Approved, May 17, 2000 

San Francisco

United Security Bank, Fresno, California -- to establish a branch at 318 Diablo Road, 

Suite 225, Danville.

- Approved, May 17, 2000 

San Francisco

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority May 14, 2000 to May 20, 2000

Bank Holding Companies

Benchmark Bancorp, Inc., Aurora, Illinois -- to become a bank holding company 

through the acquisition of Financial Institutions, Inc., Port Washington, Wisconsin, 

and thereby acquire Valley Bank, Verona, Illinois.

- Approved, May 17, 2000 

Chicago

Commercial Capital Corporation, DeKalb, Mississippi -- to engage in making, 

acquiring, brokering, or servicing loans or other extensions of credit.

- Approved, May 17, 2000 

Atlanta

Lone Star Bancorporation, Inc., Houston, Texas -- to become a bank holding 

company through the acquisition of Lone Star Bancorporation of Delaware, Inc., 

Wilmington, Delaware, and for both companies to acquire Lone Star Bank, Houston.

- Approved, May 17, 2000 

Dallas

North Fork Bancorporation, Inc., Melville, New York -- request to extend the 

comment period on the proposed acquisition of Dime Bancorp, Inc., New York City.

- Denied, May 17, 2000 

Secretary

Old National Bancorp, Evansville, Indiana -- waiver of application requirement in 

connection with the proposed merger of its subsidiary bank with Permanent Federal 

Savings Bank.

- Granted, May 15, 2000 

Secretary

Troy Financial Corporation, Troy, New York -- to acquire The Troy Commercial 

Bank.

- Approved, May 18, 2000 

New York

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority May 14, 2000 to May 20, 2000

Bank Holding Companies

United Community Banks, Inc., Blairsville, Georgia -- to merge with North Point 

Bancshares, Inc., Dawsonville, and thereby acquire Dawson County Bank and to 

merge with Independent Bancshares, Inc., Powder Springs, and thereby acquire 

Independent Bank and Trust Company.

- Approved, May 15, 2000 

Atlanta

Wachovia Corporation, Winston-Salem, North Carolina -- to merge with Commerce 

National Corporation, Winter Park, Florida.

- Approved, May 17, 2000 

Richmond

Bank Mergers

People First Bank, Hennessey, Oklahoma -- to merge with People First Bank, 

Elkhart, Kansas, and to establish a branch.

- Approved, May 17, 2000 

Kansas City

Banks, Foreign

Banque Nationale de Paris, Paris, France -- to establish branches in Chicago, Illinois; 

New York, New York; and Los Angeles, California; an agency in Houston, Texas; 

and representative offices in Atlanta, Georgia; Dallas, Texas; and San Francisco, 

California.

- Approved, May 18, 2000 

San Francisco

Banks, State Member

Bank of Colorado, Fort Lupton, Colorado -- to purchase the assets and assume the 

liabilities of Park National Bank, Estes Park, and to establish a branch.

- Approved, May 18, 2000 

Kansas City

Change In Bank Control

BOC Banshares, Inc., Chouteau, Oklahoma -- change in bank control.

- Permitted, May 15, 2000 

Kansas City

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority May 14, 2000 to May 20, 2000

Change In Bank Control

Kansas Agencies & Investments, Inc., Overland Park, Kansas -- change in bank 

control.

- Permitted, May 16, 2000 

Kansas City

Competitive Factors Reports

Citizens National Bank of Berkeley Springs, Berkeley Springs, West Virginia -- 

report on competitive factors of the proposed merger with CNB Interim Bank, 

National Association, a de novo bank.

- Submitted, May 15, 2000 

Richmond

City Bank, Lubbock, Texas -- report on competitive factors of the proposed merger 

with First National Bank, Lockney.

- Submitted, May 18, 2000 

Dallas

Cordele Banking Company, Cordele, Georgia -- report on competitive factors of the 

proposed merger with First State Bank of South Georgia, Ocilla; Pineview State 

Bank, Pineview; and Planters Bank, Hawkinsville.

- Submitted, May 17, 2000 

Atlanta

First National Bank and Trust Company, Asheboro, North Carolina -- report on 

competitive factors of the proposed merger with Richmond Savings Bank, Inc., SSB, 

Rockingham.

- Submitted, May 15, 2000 

Richmond

First National Bank of Nokomis, Nokomis, Illinois -- report on competitive factors 

of the proposed merger with Ayars State Bank, Moweaqua.

- Submitted, May 15, 2000 

St. Louis

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority May 14, 2000 to May 20, 2000

Competitive Factors Reports

First Union National Bank, Charlotte, North Carolina -- report on competitive 

factors of the proposed purchase of assets and assumption of liabilities of First Union 

Bank International, Philadelphia, Pennsylvania.

- Submitted, May 15, 2000 

Richmond

Idaho Independent Bank, Coeur d'Alene, Idaho -- report on competitive factors of 

the proposed merger with the Mountain Home, Idaho, branch of Washington Mutual 

Savings and Loan Association, Seattle, Washington.

- Submitted, May 16, 2000 

San Francisco

Old National Bank, Evansville, Indiana -- report on competitive factors of the 

proposed merger with Permanent Federal Savings Bank.

- Submitted, May 17, 2000 

Secretary

Extensions Of Time

First Community Bancorp, Rancho Santa Fe, California -- extension to August 23, 

2000, to acquire Rancho Santa Fe National Bank and First Community Bank of the 

Desert, Indian Wells; and for Castle Creek Capital Partners Fund I, Rancho Santa Fe; 

Castle Creek Capital Partners Funds IIa and IIb, LP, Castle Creek Capital LLC, WJR 

Corp., and Eggemeyer Advisory Corp., to acquire an interest in First Community 

Bancorp.

- Granted, May 18, 2000 

San Francisco

Financial Holding Companies

Chemical Financial Corporation, Midland, Michigan -- election to become a financial 

holding company.

- Effective, May 18, 2000 

Chicago

Highland Bancshares, Inc., Bloomington, Minnesota -- election to become a financial 

holding company.

- Effective, May 19, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority May 14, 2000 to May 20, 2000

Financial Holding Companies

MidAmerica National Bancshares, Inc., Canton, Illinois -- election to become a 

financial holding company.

- Effective, May 18, 2000 

Chicago

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

Pompano Beach, Florida -- elections to become financial holding companies.

- Effective, May 17, 2000 

Director, BS&R

Neighbor Insurance Agency, Inc., Marion, Iowa -- election to become a financial 

holding company.

- Effective, May 16, 2000 

Chicago

United Iowa Bancshares, Inc., Newton, Iowa -- election to become a financial 

holding company.

- Effective, May 16, 2000 

Chicago

Membership

Arvest Bank, Little Rock, Arkansas -- to become a member of the Federal Reserve 

System.

- Approved, May 16, 2000 

St. Louis

Arvest Bank, Shawnee, Oklahoma; Arvest Bank, Norman; and Arvest Bank, 

Duncan -- to retain membership in the Federal Reserve System after their 

conversions from national to state charters.

- Approved, May 17, 2000 

Kansas City

Network Bank USA, Ontario, California -- to become a member of the Federal 

Reserve System.

- Returned, May 18, 2000 

San Francisco

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority May 14, 2000 to May 20, 2000

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on March 21, 2000.

- Published, May 18, 2000 

FOMC

Short-term Interest Rates -- increase in the target for the federal funds rate from 6 

percent to 6-1/2 percent.

- Approved, May 16, 2000 

FOMC

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 20, 2000

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, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Banco Comercial Portugues, S.A., Porto, Portugal, to establish a

representative office in Miami, Florida.

Newspaper – N/Avail

FBSEA Arab Banking Corporation (B.S.C.), Manama, Bahrain, to

establish a federally licensed uninsured branch in Greenwich,

Connecticut.

Newspaper – N/Avail

FBSEA The Chuo Trust & Banking Co., Ltd., Tokyo, Japan, to establish

a representative office in New York, New York.

Newspaper – N/Avail

FBSEA Banco Itau S.A., Sao Paulo, Brazil, to establish a representative

office in Miami, Florida.

Newspaper – N/Avail

FBSEA Banca Antoniana Popolare Veneta, Rome, Italy, to establish a

branch office in New York, New York.

Newspaper – N/Avail

FBSEA Banco Comercial Portugues, S.A., Oporto, Portugal, to establish

a branch office in New York, New York, and an agency in

Miami, Florida.

Newspaper – N/Avail

FBSEA The Bank of New York, New York, New York, to establish a

branch office located at 5020 Route 9W, Newburgh, New

York.*

Newspaper – 05/31/2000

* 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)(1) Australia and New Zealand Banking Group Limited, Melbourne,

Australia, to become a bank holding company by acquiring

Amerika Samoa Bank, Pago Pago, American Samoa .*

Newspaper – N/Avail

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, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Third Quarter of 2000

Institution Location

Main Street Bank

Wilmington Trust of PA

Reading, PA

West Chester, PA

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other

circumstances.
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

CIC Received notice of change in bank control on 05/18/2000 from

Gary Arthut Rubel and Nancy S. Rubel, Woodsfield, OH of their

intent to reain control of up to 10.24 percent of the voting shares

of CNB Corp, Inc., Woodsfield, OH.*

N/Avail

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) F & M Bank-Massanutten, Harrisonburg, Virginia, to

purchase certain assets and to assume certain liabilities of

a branch office of Wachovia Bank, National Association,

Winston-Salem, North Carolina, located in Staunton, Virginia.*

Newspaper – 06/12/2000

18(c) F & M Bank-Highlands, Covington, Virginia, to purchase

certain assets and to assume certain liabilities of a branch

office of Wachovia Bank, National Association, WinstonSalem, North Carolina, located in Vinton, Virginia.*

Newspaper – 06/12/2000

18(c) F & M Bank-Winchester, Winchester, Virginia, to purchase

certain assets and to assume certain liabilities of two branch

offices of Wachovia Bank, National Association, WinstonSalem, North Carolina, located in Luray, Virginia.*

Newspaper – 06/12/2000

18(c) F & M Bank-Central Virginia, Charlottesville, Virginia, to

purchase certain assets and to assume certain liabilities of

seven branch offices of Wachovia Bank, National Association,

Winston-Salem, North Carolina, located in the cities of Fork

Union, Palmyra, Ruckersville, Mineral, and Gordonsville,

Virginia, and two in Chatham, Virginia .*

Newspaper – 06/12/2000

*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

3(a)(1) MCNB Holding Company, Inc., Welch, West Virginia, to

become a bank holding company through the acquisition

of 100% of the voting shares of McDowell County National

Bank in Welch, Welch, West Virginia.

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 neighbor hoods. 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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 20, 2000

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)(5) Regions Financial Corporation, Birmingham, Alabama, to merge

with Heritage Bancorp, Inc., and thereby acquire Texas Heritage

Bank, both of Hutto, Texas.

Fed Reg – 06/12/2000*

*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

COM Horizon Bancorporation, Inc., Bradenton, Florida, commitment

waiver request.
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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Libertyville Bank & Trust Company, Libertyville, Illinois, for

prior approval to establish a branch office at 495 W. Liberty

Street, Wauconda, Illinois.*

Newspaper – 06/09/2000

* 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) Landmark Financial Group, Inc., Belvidere, Illinois, for prior

approval to acquire 100 percent of the voting shares of Leland

National Bancorp, Inc., Leland, Illinois .*

Fed Reg – 05/26/2000

Newspaper – 06/04/2000

3(a)(1) Bankoelwein, Inc., Oelwein, Iowa, for prior approval to become

a bank holding company through the acquisition of 100 percent

of the voting shares of Community Bank of Oelwein, Oelwein,

Iowa.*

Fed Reg – 06/09/2000

Newspaper – 06/04/2000

4(c)(8) The PrivateBancorp, Inc., Chicago, Illinois, for prior approval to

acquire 100 percent of the voting shares of The PrivateBank (a

de novo thrift), St. Louis, Missouri.

Fed Reg – 06/09/2000

Newspaper – 06/09/2000

3(a)(1) Lafayette Community Bancorp, Lafayette, Indiana, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Lafayette

Community Bank (in organization), Lafayette, Indiana .*

Fed Reg – N/Avail

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

S/R Shorebank Corporation, Chicago, Illinois, notification of intent

to redeem its capital stock.

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, May 20, 2000

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 Franklin Bancorp, Inc., Washington, Missouri, to

acquire Bank of Franklin County, Washington, Missouri (in

organization).*

Newspaper – 6/4/2000

Fed Reg – 6/9/2000

CIC Notice involving Commerce Bancshares, Inc., Trenton,

Tennessee, by Marion Edwin Lowry, Franklin, Tennessee.

Newspaper – 6/13/2000

Fed Reg 5/15/2000

* 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) Notice by Concord EFS, Inc., Memphis, Tennessee, to acquire

Cash Station, Inc., Chicago, Illinois, and its minority interest in

Primary Payment Systems, Inc., Scottsdale, Arizona, and

thereby engage in data processing activities. (Previously

submitted during the week ending May 13, 2000)

6/6/2000

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

Type Application

Membership Notice by Arvest Bank (presently named Central Bank and

Trust), Little Rock, Arkansas, to become a state-chartered

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

568144 One Bank & Trust

Little Rock, Arkansas

1/10/2000 5/18/2000 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 20, 2000

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)(3) Dakota Western Bankshares, Inc., Bowman, North Dakota, for

prior approval to acquire100% of the voting shares of West

River Holding Company, Hettinger, North Dakota.*

Fed Reg – 06/16/2000

CIC David C. Reiling to acquire control of University Financial

Corp., St. Paul, Minnesota.

Fed Reg – 06/08/2000

3(a)(1) MSB Financial, Inc., Manhattan, Montana, for prior approval to

become a bank holding company through the acquisition of

100% of the voting shares of Manhattan State Bank, Manhattan,

Montana.*

Fed Reg – 06/19/2000

* 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

S/R Folden Financial Corporation, Hendricks, Minnesota, to redeem

47.8% of its voting shares.
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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Heritage Bank, Louisville, Colorado, to establish a branch at

6800 N. 79th Street, Suite 103, Niwot, Colorado.

Newspaper - 05/21/2000

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

Type Application

Ending date of

comment period

3(a)(1) Downing Partnership, L.P., Ellis, Kansas, to become a bank

holding company through the acquisition of 48.04 percent of the

voting shares of Ellis State Bank, Ellis, Kansas.

Newspaper - N/Avail

Fed Reg - N/Avail

3(a)(3) Central Financial Corporation, Hutchinson, Kansas, to acquire

18.94 percent of the voting shares of Premier Bancshares, Inc.,

Jefferson City, Missouri, and thereby indirectly acquire Premier

Bank, Jefferson City, Missouri.

Newspaper - 06/12/2000

Fed Reg - 06/16/2000

3(a)(3) Stockmens Financial Corporation, Rushville, Nebraska,

Nebraska Bankshares, Inc., Farnam, Nebraska, and Stamford

Banco, Inc., Stamford, Nebraska, to acquire 10 percent, 33 1/3

percent, and 16 2/3 percent, respectively, of the voting shares of

First Gothenburg Bancshares, Inc., Gothenburg, Nebraska, and

thereby indirectly acquire First State Bank, Gothenburg,

Nebraska.

Newspaper - 06/12/2000

Fed Reg - 06/05/2000

CC Robert E. Ehrlich, Milleken, Colorado, to acquire voting shares

of First Gothenburg Bancshares, Inc., Gothenburg, Nebraska,

and thereby indirectly acquire First State Bank, Gothenburg,

Nebraska.

Newspaper - 06/12/2000

Fed Reg - 06/05/2000
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) First Gothenburg Bancshares, Inc., Gothenburg, Nebraska,

Nebraska Bankshares, Inc., Farnam, Nebraska, and Stamford

Banco, Inc., Stamford, Nebraska, to engage in general insurance

activities.

Fed Reg - N/Avail

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

Type Application

S/R First Gothenburg Bancshares, Inc., Gothenburg, Nebraska to

redeem 3,313 shares of its own voting common stock.

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First Bank & Trust Company, Dawson, TX, to establish

a branch office at 1025 N. E. 4th Street,

Hubbard, TX 76648*

05/26/2000

18(c) Security Bank, Ralls, TX, to merge with

Security Bank, Idalou, TX, and establish two branch offices*

06/10/2000

Branch Security Bank, Ralls, TX, to establish branch offices at

301 South Main Street, Idalou, TX, 79329, and

611 Avenue D, Abernathy, TX, 79311*

06/10/2000

*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)(5) Northwest Bancorporation, Inc., Houston, TX, to acquire

Redstone Bancorporation, Inc., Houston, TX, and

Redstone Bank, N.A., Houston, TX*

Fed Reg – 06/15/2000

Newspaper – N/Avail

3(a)(5) Plains Bancorp, Inc., Lubbock, TX, to acquire

Sudan Bancshares, Inc., Sudan, TX, and

First National Bank, Sudan, TX*

(previously reported the week ending May 6, 2000)

Fed Reg – 06/05/2000

Newspaper – 06/05/2000

* 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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 20, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Banque Nationale de Paris, Paris, France, to establish branch

offices in Chicago, Illinois, New York, New York, and Los

Angeles, California; an agency in Houston, Texas; and

representative offices in Atlanta, Georgia, Dallas, Texas, and

San Francisco, California.

Newspaper - 05/13/2000

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) Silicon Valley Bancshares, Santa Clara, California, to engage in

acting as an investment or financial advisor, directly, or through

one or more subsidiaries or affiliates, by forming a joint venture

with SVB Strategic Investors Fund, LP, Santa Clara, California.

Fed Reg - N/Avail

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

Type Application

Member 1st Pacific Bank of California (In Organization), San Diego,

California, to become a member of the Federal Reserve System.
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Member Heritage Bank South Valley, Morgan Hill, California, to become

a member of the Federal Reserve System.

Member Heritage Bank East Bay, Fremont, California, 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

814261 Cal West Bank

23550 Hawthorne Blvd., Suite 100

Torrance, CA 90505

(562) 862-2311

01/18/2000 05/15/2000 S X

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not

intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility

for errors or omissions.

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None