Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 32

Week Ending August 7, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions August 1, 1999 to August 7, 1999

Regulations And Policies

Equal Credit Opportunity -- publication for comment of proposed revisions to 

Regulation B that would remove the general prohibition against creditors noting 

characteristics such as race, sex, and national origin of applicants for nonmortgage 

credit, require creditors to retain certain records for preapproved credit solicitations, 

and expand the record retention period for most business credit applications.

- Published, August 4, 1999 (AC)

Regulation CC -- decision not to proceed with a proposal that would shorten the 

nonlocal check availability schedules.

- Approved, June 28, 1999 (AC)

Enforcement

Community Capital Corporation, Greenwood, South Carolina -- termination of a 

written agreement with the Federal Reserve Bank of Richmond.

- Announced, August 2, 1999 

Putnam-Greene Financial Corporation, Eatonton, Georgia -- termination of a cease 

and desist order.

- Announced, August 2, 1999 

(AC) = Addition or Correction Board - Page 1 of 1
August 1, 1999 to August 7, 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

Bank of the Orient, San Francisco, California -- to establish a branch at 500 

Broadway Avenue, Millbrae.

- Approved, August 4, 1999 

San Francisco

EagleBank, Bethesda, Maryland -- to establish a branch at 850 Sligo Avenue, Silver 

Spring.

- Approved, August 4, 1999 

Richmond

Farmers and Miners Bank, Pennington Gap, Virginia -- to establish a branch on State 

Route 83, West Main Street, Clintwood.

- Approved, August 5, 1999 

Richmond

First Heritage Bank, Wilkes-Barre, Pennsylvania -- to establish a branch at RD#1, 

Box 203L, Hazleton Beltway, Hazleton.

- Approved, August 2, 1999 

Philadelphia

Lapeer County Bank & Trust Co., Lapeer, Michigan -- to establish a branch at 1875 

S. Cedar Street, Imlay City.

- Approved, August 5, 1999 

Chicago

Mercantile Bank Midwest, Des Moines, Iowa -- to establish a temporary branch at 

the Clay County Fair, Spencer.

- Approved, August 6, 1999 

Chicago

United Bank of Iowa, Churdan, Iowa -- to establish a branch at 600 Head Street.

- Approved, August 5, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Bank Holding Companies

American Heartland Bancshares, Inc., Sugar Grove, Illinois -- to become a bank 

holding company through the acquisition of American Heartland Bank and Trust, a 

de novo bank.

- Approved, August 5, 1999 

Chicago

Arvest Bank Group, Inc., Bentonville, Arkansas -- to acquire Delaware Bancshares, 

Inc., Jay, Oklahoma, and thereby acquire The Delaware County Bank.

- Approved, August 5, 1999 

St. Louis

The Bancorp, Cedarburg, Wisconsin -- to become a bank holding company through 

the acquisition of Elcho Bancorporation, Elcho, and thereby acquire Northwoods 

State Bank.

- Approved, August 5, 1999 

Chicago

Bay Bancorporation, Green Bay, Wisconsin; and Bay Bank -- relief from a 

commitment.

- Granted, August 3, 1999 

Director, BS&R

Capital Commerce Bancorp, Inc., Milwaukee, Wisconsin -- application to redeem 

stock.

- Approved, August 4, 1999 

Chicago

Commerce Bancshares, Inc., Waukee, Iowa -- to become a bank holding company 

through the acquisition of Waukee State Bank.

- Approved, August 4, 1999 

Chicago

Community Financial Services, Inc., Atlanta, Georgia -- to organize Internet Banking 

Communications, LLC, and thereby engage in the development and marketing of 

software products and related services to financial institutions.

- Returned, August 2, 1999 

Atlanta

(AC) = Addition or Correction Delegated - Page 2 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Bank Holding Companies

Community First Bankshares, Inc., Fargo, North Dakota -- to acquire the insurance 

agency assets of B&I Insurance, Inc., Gordon, Nebraska.

- Withdrawn, August 6, 1999 

Minneapolis

Doral Financial Corporation, San Juan, Puerto Rico -- to acquire Doral Bank, FSB, 

New York, New York.

- Approved, August 4, 1999 

New York

Eagle Bancshares, Inc., Fairfield, Texas, and Fairfield Holdings, Inc. -- to acquire 

Texas Bank, SSB, Buffalo, a de novo bank.

- Withdrawn, August 4, 1999 

Dallas

FBOP Corporation, Oak Park, Illinois; and Pullman Group, Inc., Chicago -- request 

for waiver of application in connection with the acquisition of Chicago City 

Bancorporation and Chicago City Bank and Trust Company.

- Granted, August 2, 1999 

Chicago

FLAG Financial Corporation, LaGrange, Georgia -- to acquire Thomaston Federal 

Savings Bank, Thomaston.

- Approved, August 6, 1999 

Atlanta

FNB Financial Services Corporation, Reidsville, North Carolina -- to acquire Black 

Diamond Savings Bank, FSB, Norton, Virginia.

- Approved, August 4, 1999 

Richmond

Fountain View Bancorp, Inc., Sigourney, Iowa -- extension to November 4, 1999, to 

become a bank holding company through the acquisition of Keokuk County 

Bankshares, Inc.

- Granted, August 4, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Bank Holding Companies

Fuji Bank, Limited, Tokyo, Japan -- to engage de novo in trust company functions 

through Yasuda Bank and Trust Company, New York, New York.

- Approved, August 4, 1999 

New York

Gibson Investment Company, Gibson, Iowa -- release from commitments.

- Granted, August 4, 1999 

Chicago

Griffith Family Financial Holdings, LLC, Lindsay, Oklahoma -- to become a bank 

holding company through the acquisition of shares of First Fletcher Bancshares, Inc., 

Fletcher, and of American Holding Company of Lindsay, Lindsay.

- Approved, August 4, 1999 

Kansas City

Lewiston Bancorp, Lewiston, Utah -- to acquire Lewiston State Bank.

- Approved, August 6, 1999 

San Francisco

Main Street Bancorp, Reading, Pennsylvania -- to acquire Main Street Bank of New 

Jersey, Lambertville, New Jersey, by merger with Bancorp's subsidiary bank, Main 

Street Bank, Reading.

- Approved, August 2, 1999 

Philadelphia

The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -- to acquire Yasuda Bank and 

Trust Company, New York, New York, through The Dai-Ichi Kangyo Fuji Trust & 

Banking Company, Ltd., Tokyo, and thereby engage in trust activities.

- Approved, August 3, 1999 

San Francisco

Thomasville Bancshares, Inc., Thomasville, Georgia -- transfer agent registration.

- Withdrawn, August 5, 1999 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 4 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Bank Mergers

Fort Madison Bank & Trust Co., Fort Madison, Iowa -- to merge with Bank of 

Dallas City, Dallas City, Illinois, and establish a branch at 290 Oak Street.

- Approved, August 5, 1999 

Chicago

Banks, Nonmember, And Miscellaneous Institutions

United Missouri Trust Company of New York, New York, New York -- transfer 

agent registration.

- Withdrawn, August 4, 1999 

Director, BS&R

Banks, State Member

Effingham State Bank, Effingham, Illinois -- to merge with State Bank of Farina, 

Farina.

- Approved, August 6, 1999 

St. Louis

Glacier Bank, Kalispell, Montana -- to acquire certain assets and assume certain 

liabilities of two Butte branches of Washington Mutual Bank, FSB, Salt Lake City, 

Utah.

- Approved, August 6, 1999 

Minneapolis

WesBanco Bank Wheeling, Wheeling, West Virginia -- transfer agent registration.

- Withdrawn, August 2, 1999 

Director, BS&R

Change In Bank Control

First Haralson Corporation, Buchanan, Georgia -- change in bank control.

- Permitted, August 2, 1999 

Atlanta

(AC) = Addition or Correction Delegated - Page 5 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Competitive Factors Reports

CIB Bank, Hillside, Illinois -- report on competitive factors of the proposed 

acquisition of the Zion branch of M&I Bank, FSB, Las Vegas, Nevada.

- Submitted, August 6, 1999 

Chicago

First Midwest Bank, N.A., Buffalo Grove, Illinois -- report on competitive factors of 

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

North Chicago branch of M&I Bank, FSB, Milwaukee, Wisconsin.

- Submitted, August 6, 1999 

Chicago

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

the proposed purchase of certain assets and assumption of certain liabilities 

associated with the Chicago metropolitan area branches of Bank One, Illinois, 

National Association, Springfield.

- Submitted, August 6, 1999 

Chicago

First Prosperity Bank, El Campo, Texas -- report on competitive factors of the 

proposed merger with The Commercial National Bank of Beeville, Beeville.

- Submitted, August 5, 1999 

Dallas

Home Federal Bank, FSB, Middlesboro, Kentucky -- report on competitive factors 

of the proposed purchase of the Harlan branch of National City Bank of Kentucky, 

Louisville.

- Submitted, August 5, 1999 

St. Louis

Imperial Bank, Inglewood, California -- report on competitive factors of the 

proposed merger with Imperial Mutual Savings Bank, Bellevue, Washington.

- Submitted, August 4, 1999 

San Francisco

Keystone Community Bank, Kalamazoo, Michigan -- report on competitive factors 

of the proposed merger with KIB Bank.

- Submitted, August 6, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 6 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Competitive Factors Reports

Lewiston State Bank, Lewiston, Utah -- report on competitive factors of the 

proposed merger with Lewiston Interim Bank, a de novo bank.

- Submitted, August 2, 1999 

San Francisco

Mid America Bank, FSB, Clarendon Hills, Illinois -- report on competitive factors of 

the proposed acquisition of a branch of The Northern Trust Company, Chicago.

- Submitted, August 6, 1999 

Chicago

Norwest Bank, Minnesota, N.A., Minneapolis, Minnesota -- report on competitive 

factors of the proposed merger with Eastern Heights Bank, Maplewood.

- Submitted, August 3, 1999 

San Francisco

Platte Valley National Bank, Scottsbluff, Nebraska -- report on competitive factors 

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

Minatare, and Lyman branches of Platte Valley National Bank, Morrill.

- Submitted, August 5, 1999 

Kansas City

Port Richmond Savings, Philadelphia, Pennsylvania -- report on competitive factors 

of the proposed merger with Gorgas Savings Association.

- Submitted, August 2, 1999 

Philadelphia

United Southwest Bank, Washington, Indiana -- report on competitive factors of the 

proposed merger with Old National Bank, Evansville.

- Submitted, August 5, 1999 

St. Louis

Currency

Federal Reserve Notes -- letter confirming request for printing of notes during the 

fiscal year ending September 30, 2000.

- Approved, July 29, 1999 (AC)

Director, RBOPS

(AC) = Addition or Correction Delegated - Page 7 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Extensions Of Time

Citizens Bancshares of Southwest Florida, Naples, Florida -- extension to November 

6, 1999, to become a bank holding company through the acquisition of Citizens 

National Bank of Southwest Florida.

- Granted, August 3, 1999 

Atlanta

Great Southern Bancorp, Inc., Springfield, Missouri -- extension to November 14, 

1999, to acquire shares of Guaranty Federal Bancshares, Inc. and thereby acquire 

Guaranty Federal Savings Bank.

- Granted, August 3, 1999 

St. Louis

Great Southern Capital Corporation Employee Stock Ownership Trust, Meridian, 

Mississippi -- extension to November 4, 1999, to acquire shares of Great Southern 

Capital Corporation.

- Granted, August 4, 1999 

Atlanta

HBancorporation, Inc., Lawrenceville, Illinois -- extension to October 28, 1999, for 

change in bank control.

- Granted, August 3, 1999 

St. Louis

National Australia Bank Limited, Melbourne, Australia -- extension to November 6, 

1999, to engage in securities brokerage activities through National Australia Capital 

Markets, LLC, New York, New York.

- Granted, August 6, 1999 

Chicago

Passumpsic Bancorp, St. Johnsbury, Vermont -- extension to October 31, 1999, to 

acquire Passumpsic Bank, FSB, Littleton, New Hampshire.

- Granted, August 4, 1999 

Boston

Summit Bank, Bethlehem, Pennsylvania -- extension to November 12, 1999, to 

merge with Prime Bank, Philadelphia.

- Granted, August 2, 1999 

Philadelphia

(AC) = Addition or Correction Delegated - Page 8 of 9
H.2 Actions under delegated authority August 1, 1999 to August 7, 1999

Membership

Bank of Bennington, Bennington, Nebraska -- membership in the Federal Reserve 

System.

- Approved, August 5, 1999 

Kansas City

Bank of Buffalo, Buffalo, Kentucky -- membership in the Federal Reserve System.

- Approved, August 4, 1999 

St. Louis

(AC) = Addition or Correction Delegated - Page 9 of 9
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, August 7, 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) Provident Bancorp, Amesbury, Massachusetts - application to

become a mutual bank holding company through the

reorganization of The Provident Bank, Amesbury,

Massachusetts

Newspaper - N/Avail.

Fed Reg - 09/07/1999

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

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, August 7, 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 UBS AG, Zurich and Basel, Switzerland, to establish a

representative office in Washington D.C.

Newspaper – 09/05/1999

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

Type Application

Ending date of

comment period

3(a)(3) Popular, Inc., Hato Rey, Puerto Rico, Popular International

Bank, Inc., Hato Rey, Puerto Rico, and Popular North America,

Inc., Mt. Laurel, New Jersey, to acquire Aurora National Bank,

Aurora, Illinois (“ANB”), and Banco Popular North America,

New York, New York, to merge with ANB, and incident thereto,

to establish branches.*

Newspaper – 09/04/1999

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

4(c)(8) Citigroup, Inc., New York, New York, through its whollyowned indirect subsidiary, Citicorp Strategic Technology

Corporation, to make an investment in GlobeSet, Inc., Austin,

Texas, and thereby engage in nonbanking activities.

Fed Reg – 08/19/1999

4(c)(8) Bank of Nova Scotia, Toronto, Canada, to engage de novo

through Scotiabanc, Inc., Atlanta, Georgia, in acting as principal

in the structuring and sale of forward contracts, swaps

transactions, and similar contracts based on the equity and debt

securities of a single issuer.

Fed Reg – N/Avail
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Citigroup, Inc., New York, New York, and Citicorp, New York,

New York, through its wholly owned indirect subsidiary,

Citicorp Strategic Technology Corporation, to make an

investment in 724 Solutions, Inc., Toronto, Canada, and thereby

engage in the development, manufacture, and distribution of

software designed to provide electronic banking, brokerage, and

other services to consumers via a variety of access platforms.

Fed Reg – N/Avail

25A CLS Services Ltd., London, England (“Applicant”), to establish

CLS Bank International, New York, New York, and Edge

Corporation and a wholly owned subsidiary of Applicant which

will offer a continuous linked settlement service.

Fed Reg – N/Avail

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, August 7, 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

2354985 New Century Bank

Phoenixville, PA

01/25/99 06/08/99 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, August 7, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c)

Branch

18(c)

Branch

Received application on 08/05/1999 from Fifth Third Bank,

Indiana, Indianapolis, IN to merge with Civitas Bank, St.

Joseph, MI and incident thereto establish branch facilities.

Received application on 08/05/1999 from Fifth Third Bank,

Kentucky, Inc., Louisville, KY to acquire four offices of Civitas

Bank, St. Joseph, MI located in Louisville, KY and incident

thereto establish branch facilities.

09/08/1999

09/08/1999

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

Type Application

Ending date of

comment period

Section 3(a)(5) Received application on 08/05/1999 from Fifth Third Bancorp,

Cincinnati, OH to acquire CNB Bancshares, Inc., Evansville, IN

and its bank subsidiary.

Newspaper – 09/08/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Received application on 08/05/1999 from Fifth Third Bancorp,

Cincinnati, OH to acquire the non-bank subsidiaries of CNB

Bancshares, Inc., Evansville, IN

N/Avail

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 4th Quarter of 1999

Institution Location

Portage Community Bank 1311 E. Main Street, Ravenna, OH 44266

Apollo Trust Company 201 N. Warren Avenue, Apollo, PA 15613

ShoreBank 540 East 105 th Street, Cleveland, OH 44108

Security Dollar Bank 1 S. Main Street, Niles, OH 44446

Commerce Exchange Bank 25201 Chagrin Boulevard, Beachwood, OH 44122-5633

Western Reserve Bank 4015 Medina Road, Medina, OH 44256

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, August 7, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Benchmark Community Bank, Kenbridge, Virginia, to

establish a branch at 313 North Main Street, Lawrenceville,

Virginia.*

Newspaper – 08/12/1999

Branch Benchmark Community Bank, Kenbridge, Virginia, to

establish a branch at 403 East Virginia Avenue, Suite E,

Clarksville, Virginia.*

Newspaper – 08/12/1999

Branch Peoples Community Bank, Montross, Virginia, to establish a

branch on State Route 3, one-third mile west of State Route

206, King George County, Virginia.*

Newspaper – 08/20/1999

18(c) Southern Financial Bank, Warrenton, Virginia, to merge with

The Horizon Bank of Virginia, Merrifield, Virginia.*

Newspaper – 09/03/1999

*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

3(a)(3) Southern Financial Bancorp, Inc., Warrenton, Virginia, to

acquire 100% of the voting shares of The Horizon Bank of

Virginia, Merrifield, Virginia.*

Fed Reg – 08/03/1999

Newspaper – 09/03/1999

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

Member AmericasBank, Baltimore, Maryland, 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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, August 7, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Cumberland Bank, Carthage, Tennessee, to acquire certain

assets and assume certain liabilities of two branch offices of

American City Bank, Tullahoma, Tennessee.

08/30/1999*

*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

CIC First Citizens Bancorp, Cleveland, Tennessee, after-the-fact

notification filed by Kenneth H. Rayborn, Cleveland, Tennessee,

to retain 30 percent of the outstanding shares of First Citizens

Bancorp, Cleveland, Tennessee, and its subsidiaries:

Bank/Citizens Bank, Cleveland, Tennessee; The Home Bank,

fsb, Ducktown, Tennessee; The Home Bank of Tennessee,

Maryville, Tennessee, and Infinity Mortgage Group,

Incorporated, Knoxville, Tennessee.

Fed Reg – 08/24/1999

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

COM ABS Investors, LLC, Marietta, Georgia, commitment waiver

request.

SMBOTH First Bank & Trust Company of Tennessee, Johnson City,

Tennessee, for authority to exercise trust powers.

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, August 7, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) &

 Branches

Fort Madison Bank & Trust Company

Fort Madison, Iowa

 Bank of Dallas City

 Dallas City, Illinois

 and establish a branch office at

 290 Oak Street

 Dallas City, Illinois

Newspaper – 07/31/1999

18(c) &

 Branches

Pullman Bank & Trust Company

Chicago, Illinois

 Chicago City Bank and Trust Company

 Chicago, Illinois

 and to establish branch offices at

 715 West 63 rd Street

 Chicago, Illinois

 815 West 63 rd Street

 Chicago, Illinois

Newspaper – 08/09/1999

 Branch Paramount Bank

Bingham Farms, Michigan

 31000 Northwestern Highway

 Farmington Hills, Michigan

Newspaper – 08/17/1999

Branch United Bank Iowa

Churdan, Iowa

 600 Head Street

 Churdan, Iowa

Newspaper – 07/30/1999

Branch DeMotte State Bank

De Motte, Indiana

 9603 West 133 rd Avenue

 Cedar Lake, Indiana

Newspaper – 08/09/1999
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) Kercheval Limited Partnership*

Largo, Florida

 Montezuma State Bank

 Montezuma, Iowa

Fed Reg - 08/20/1999

Newspaper – 09/03/1999

4(c)(8) Central Illinois Bancorp, Inc.*

Pewaukee, Wisconsin

 Marine Bank (in organization)

 Omaha, Nebraska

Fed Reg - 08/26/1999

Newspaper – N/Avail

4(c)(8) First Busey Corporation*

Urbana, Illinois

 Eagle BancGroup, Inc.

 Bloomington, Illinois

 First Federal Savings and Loan Association of Bloomington

 Bloomington, Illinois

Fed Reg - 09/07/1999

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

4(c)(8) First Busey Corporation

Urbana, Illinois

 FFS Investment Services

 Bloomington, Illinois

Fed Reg - 09/07/1999

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

968436 Midwest Bank & Trust Company

1606 N. Harlem Avenue

Elmwood Park, Illinois 60635-4396

(708) 456-4700

10/5/1998 08/04/1999 S X

546544 The Commercial Trust & Savings

Bank

600 Lake Avenue

Storm Lake, Iowa 50588-0578

(712) 732-2190

04/05/1999 08/03/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, August 7, 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

CIC Notice involving Mercantile Bancorp, Inc., Quincy, Illinois, by

Dean Phillips, Quincy, Illinois (previously reported during the

week ending July 31, 1999).

Newspaper –8/25/1999

Fed Reg- 8/24/1999

CIC Notice involving Hometown Bancorp, Inc., Milan, Tennessee,

by Clyde V. Alexander, Jackson, Tennessee.

Newspaper – N/Avail.

Fed Reg – 8/25/1999

4(c)(8) Notice by First M&F Corporation, Kosciusko, Mississippi, to

acquire Community Federal Bancorp, Inc., Tupelo, Mississippi,

and thereby acquire Community Federal Bank, Tupelo,

Mississippi.

Newspaper – 9/6/1999

Fed Reg – 8/24/1999

* 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

185859 Lindell Bank & Trust Company

St. Louis, Missouri

4/12/1999 8/5/1999 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, August 7, 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

CIC Ethel Hanson to acquire control of Mahnomen Bancshares, Inc.,

Mahnomen, Minnesota.

Fed Reg - 08/25/1999

CIC Kofam Investments, LLP, Sioux Falls, South Dakota, Howard

Kosel, general partner, to acquire control of Empire Bancshares,

Incorporated, Sioux Falls, South Dakota.

Fed Reg - 08/25/1999

3(a)(5) Community First Bankshares, Inc., Fargo, North Dakota, for

prior approval to merge with River Bancorp, Inc., Ramsey,

Minnesota. *

Fed Reg - 09/03/1999

CIC Cynthia Woychik, trustee of the Donna Mae Smith Family

Trust, proposes to acquire control of First National Bancorp of

River Falls, Inc., River Falls, Wisconsin.

Newspaper - 08/11/1999

* 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

4(c)(8) Community First Bankshares, Inc., Fargo, North Dakota, to

engage in general insurance agency activities in a place with a

population not exceeding 5,000 through the acquisition of assets

of B & I Insurance, Inc., Gordon, Nebraska

Application Withdrawn

08/06/1999
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

SRNEW Mahnomen Bancshares, Inc., Mahnomen, Minnesota, to redeem

11.6% 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

604556 Ravalli County Bank

Hamilton, Montana

04/12/1999 08/02/1999 O 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, August 7, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) / Branch Citizens Bank & Trust Company, Muskogee, Oklahoma, to merge

with the Muskogee, Oklahoma, branches of Bank of Oklahoma,

N.A., Oklahoma City, Oklahoma.

Newspaper – N/Avail

18(c) / Branch Pinnacle Bank, Papillion, Nebraska, to merge with Waverly Bank,

Waverly, 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

3(a)(5) Bern Bancshares, Inc., Bern, Kansas, to acquire 100 percent of the

voting shares and merge with Axtell Agency, Inc., Axtell, Kansas;

and thereby indirectly acquire State Bank of Axtell, Axtell,

Kansas.

Newspaper – 08/15/1999

Fed Reg – 08/20/1999

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

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.

The federal bank regulators use the following four 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

294359 Weleetka State Bank

Weleetka, Oklahoma

05/24/1999 08/05/1999 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, August 7, 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

CIC Donaghey Investment Company, Ltd., Trenton, TX, only

notificant, to acquire an interest in

Trenton Bankshares, Inc., Trenton, TX

Fed Reg – 08/24/1999

Newspaper – 08/11/1999

CIC James Matteucci, Roswell, NM, only notificant, to acquire an

interest in New Mexico National Financial Corporation,

Roswell, NM

Fed Reg – 08/19/1999

Newspaper – 08/19/1999

CIC Anna Maria Mateucci, Roswell, NM, only notificant, to acquire

an interest in New Mexico National Financial Corporation,

Roswell, NM

Fed Reg – 08/19/1999

Newspaper – 08/19/1999

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

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, August 7, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Barnes Banking Company, Kaysville, Utah, to establish a branch

office at 1840 East Skyline Drive, South Ogden, Utah. *

Newspaper – 08/06/1999

Branch Mid-Peninsula Bank, Palo Alto, California, to establish a branch

office at 39470 Paseo Padre Parkway, Fremont, California. *

Newspaper – 08/12/1999

* 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

3(a)(5) InterWest Bancorp, Inc., Oak Harbor, Washington, to merge

with NBT Northwest Bancorp, Tukwila, Washington. *

Newspaper – 08/22/1999

Fed Reg – 08/30/1999

3(a)(5) Harbor Bancorp, Inc., Aberdeen, Washington, to merge with

Pacific Financial Corporation, Long Beach, Washington. *

Newspaper – 08/20/1999

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

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

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

of Des Moines, Iowa, to form a joint venture through the sale of

50 percent of MSC Mortgage, LLC, to Michael Saunders &

Company, both of Sarasota, Florida.

Fed Reg – 08/25/1999
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

3(a)(5)(C) Village Bancorp to become a bank holding company by

acquiring The Village Bank, both of St. George, Utah.

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