Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 6

Week Ending February 8, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions February 2, 2003 to February 8, 2003

Testimony And Statements

Monetary Policy -- report to Congress.

- Authorized, February 6, 2003 

Monetary Policy Objectives -- statement by Chairman Greenspan before the Senate 

Committee on Banking, Housing, and Urban Affairs on February 11, and the House 

Committee on Financial Services on February 12, 2003.

- Authorized, February 7, 2003 

Forms

Survey of Terms of Lending (FR 2028) -- extension with revision.

- Approved, February 6, 2003 

Regulations And Policies

Regulation K -- interpretation concerning the underwriting by foreign banks of securities 

to be distributed in the United States.

- Approved, February 5, 2003 

Enforcement

Premier Financial Bancorp, Inc., Huntington, West Virginia -- written agreement with the 

Federal Reserve Bank of Cleveland.

- Announced, February 5, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
February 2, 2003 to February 8, 2003

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 Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Colonial Bank, Montgomery, Alabama -- to establish a branch at 2750 John Hawkins 

Parkway, Hoover.

- Approved, February 5, 2003 

Atlanta

Colonial Bank, Montgomery, Alabama -- to establish a branch at 34998 Emerald Coast 

Parkway, Destin, Florida.

- Approved, February 7, 2003 

Atlanta

Community Savings Bank, Robins, Iowa -- to establish a branch at 2600 Edgewood 

Drive Southwest, Cedar Rapids.

- Approved, February 3, 2003 

Chicago

Harris Trust and Savings Bank, Chicago, Illinois -- to establish a branch at 3601 North 

Halsted Avenue.

- Approved, February 5, 2003 

Chicago

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin -- to establish branches at the 

intersections of Houghton Road and Broadway Boulevard, Tucson, Arizona; Litchfield 

and Bell Roads, Surprise; 91st Avenue and Union Hills Drive, Peoria; and Coratra and 

Silverbell Roads, Catalina.

- Approved, February 4, 2003 

Chicago

Southern Bank of Commerce, Paragould, Arkansas -- to establish a branch at 601 North 

Holman, Brookland.

- Approved, February 3, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority February 2, 2003 to February 8, 2003

Bank Branches, Domestic

SunTrust Bank, Atlanta, Georgia -- to establish branches at Dallas Highway, Marietta; 

Freedom Parkway, Cumming; Jonesboro Road, McDonough; Towne Lake Parkway, 

Woodstock; the intersection of Holcomb Bridge and Ellard Drive, Alpharetta; the 

intersection of Winward Parkway and Westfield Drive; and the intersection of 

Lawrenceville Suwanee Road and Satellite Boulevard, Suwanee.

- Approved, February 5, 2003 

Secretary

Bank Holding Companies

Acme Holding Company, Inc. Employee Stock Ownership Plan, Mulberry, Arkansas, 

and Acme Holding Company, Inc. -- to acquire shares of Madison Corporation, Little 

Rock, and Madison Bank & Trust Company, Kingston.

- Withdrawn, February 7, 2003 

St. Louis

Butler Bancorp, MHC, Lowell, Massachusetts, and Butler Bancorp, Inc. -- to become 

bank holding companies through the acquisition of Butler Bank, A Co-operative Bank.

- Withdrawn, February 6, 2003 

Boston

Century Bancshares, Inc., Gainesville, Missouri -- to acquire shares of Ozarks Heritage 

Financial Group, Inc., and thereby acquire Bank of Plato, Plato.

- Approved, February 5, 2003 

St. Louis

Coast Financial Holdings, Inc., Bradenton, Florida -- to become a bank holding company 

through the acquisition of Coast Bank of Florida.

- Withdrawn, February 7, 2003 

Atlanta

Davis Trust Financial Corporation, Elkins, West Virginia -- to acquire shares of First Clay 

County Banc Corporation, Clay, and Clay County Bank, Inc.

- Approved, February 3, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority February 2, 2003 to February 8, 2003

Bank Holding Companies

DB Acquisition Corp., Wausau, Wisconsin -- to become a bank holding company 

through the acquisition of Dorchester Bancshares, Inc., Dorchester, and Dorchester State 

Bank.

- Approved, February 5, 2003 

Chicago

F.N.B. Corporation, Naples, Florida -- to acquire shares of Sun Bancorp, Selinsgrove, 

Pennsylvania, and Sun Bank.

- Approved, February 3, 2003 

Atlanta

FCB Florida Bancorporation, Inc., Orlando, Florida -- commitment waiver request.

- Granted, February 4, 2003 

Atlanta

Lea M. McMullan Trust, Shelbyville, Kentucky, and Citizens Union Bancorp of 

Shelbyville, Inc. -- to acquire LaRue Bancshares, Inc., Hodgenville, and thereby acquire 

Peoples State Bank.

- Approved, February 7, 2003 

St. Louis

OSB Financial Services, Inc., Orange, Texas, and OSB Delaware Financial Services, 

Inc., Dover, Delaware -- to acquire Mauriceville National Bank, Mauriceville.

- Approved, February 4, 2003 

Dallas

Ozarks Heritage Financial Group, Inc., Ozark, Missouri -- to become a bank holding 

company through the acquisition of Community First Financial Corporation, Plato, and its 

subsidiary, Bank of Plato.

- Approved, February 5, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority February 2, 2003 to February 8, 2003

Bank Holding Companies

Wells Fargo & Company, San Francisco, California; Wells Fargo Financial Services, 

Inc., Des Moines, Iowa; and Wells Fargo Financial, Inc. -- to acquire certain assets and 

assume certain liabilities of Telmark LLC, DeWitt, New York, and its subsidiaries, 

Telmark Lease Funding II and III, LLC, and Telease Financial Services Ltd., Ontario, 

Canada, and thereby engage in financing and leasing activities.

- Approved, February 5, 2003 

Secretary

Change In Bank Control

Clayton Bankshares, Inc., Clayton, Wisconsin -- change in bank control.

- Permitted, February 7, 2003 

Minneapolis

First Dozier Bancshares, Inc., Dozier, Alabama -- change in bank control.

- Withdrawn, February 7, 2003 

Atlanta

NebraskaLand Financial Services, Inc., York, Nebraska -- change in bank control.

- Permitted, February 4, 2003 

Kansas City

Competitive Factors Reports

AmericanWest Bank, Spokane, Washington -- report on competitive factors of the 

proposed merger with Bank of Latah, St. Maries, Idaho.

- Submitted, February 6, 2003 

San Francisco

Bank of Cave City, Cave City, Arkansas -- report on competitive factors of the 

proposed purchase of certain assets and assumption of deposit liabilities of Bank of 

Evening Shade, Evening Shade.

- Submitted, February 5, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority February 2, 2003 to February 8, 2003

Competitive Factors Reports

Chinatrust Bank (U.S.A.), Torrance, California -- report on competitive factors of the 

proposed merger with The Express Bank, Alvin, Texas.

- Submitted, February 6, 2003 

San Francisco

Citizens Union Bank of Shelbyville, Shelbyville, Kentucky -- report on competitive 

factors of the proposed merger with The Peoples State Bank, Hodgenville.

- Submitted, February 7, 2003 

St. Louis

Southwest Community Bank, Encinitas, California -- report on competitive factors of the 

proposed merger with SWC Merger Company, Carlsbad.

- Submitted, February 3, 2003 

San Francisco

State National Bank, Lubbock, Texas -- report on competitive factors of the proposed 

merger with State National Bank, El Paso.

- Submitted, February 5, 2003 

Secretary

Tri Counties Bank, Chico, California -- report on competitive factors of the proposed 

merger with North State National Bank.

- Submitted, February 6, 2003 

San Francisco

Extensions Of Time

Bank Austria Creditanstalt Aktiengesellschaft, Vienna, Austria -- extension to divest 

certain investments.

- Approved, February 5, 2003 

New York

Citigroup Inc., New York, New York -- extension to August 3, 2003, to conform the 

investments of Banco Nacional de Mexico, S.A., Mexico City, Mexico, to the 

requirements of Regulation K.

- Granted, February 4, 2003 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 5 of 5
District 1 

Federal Reserve Bank of Boston 

Applications and notifications filed during the week ending Saturday, February 8, 2003 

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, February 8, 2003 

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

18c, 3a5 Interchange Financial Services Corporation, Saddle Brook, New 

Jersey, for prior approval to merge Bridge View Bank, 

Englewood Cliffs, New Jersey with and into its wholly-owned 

subsidiary, Interchange Bank, Saddle Brook, New Jersey 

Newspaper – 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

3a1RN BCB Bancorp, Inc., Bayonne, New Jersey, to acquire all of the 

outstanding stock of Bayonne Community Bank, Bayonne, New 

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

Type Application

3a1RN VSB Bancorp, Inc., Staten Island, New York, to become a onebank holding company for Victory State Bank, Staten Island, 

New York. 

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, February 8, 2003 

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, February 8, 2003

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 Change in control notice filed by David B. Cook of intent to 

retain up to 10.49 percent of the voting shares outstanding of 

HFB Financial Corporation, Middlesboro, KY.

Newspaper - 01/21/2003

Fed Reg - 01/29/2003

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 The remainder of 2003

Institution Location

Chippewa Valley Bank 20 South Main Street, Rittman, Ohio 44270

Fifth Third Bank, Florida 4099 Tamiami Trail North, Naples, Florida 34101

Fifth Third Bank, Indiana 251 North Illinois Street, Indianapolis, Indiana 46204

Fifth Third Bank, Michigan 111 Lyon, N.W., Grand Rapids, Michigan 49503

Fifth Third Bank, Northern Kentucky 8100 Burlington Pike, Florence, Kentucky 41042

Fifth Third Bank 38 Fountain Square Plaza, Cincinnati, Ohio 45263

The Apple Creek Banking Company 3 West Main Street, Apple Creek, Ohio 44606

Ohio Heritage Bank 200 Main Street, Coshocton, Ohio 43812

Wesbanco Bank Wheeling 1 Bank Plaza, Wheeling, West Virginia 26003-3565

The Cortland Savings and Banking Company 194 West Main Street, Cortland, Ohio 44410

The Commercial Bank 229 East Second Street, Delphos, Ohio 45833

Sky Bank 10 East Main Street, Salineville, Ohio 43945

Portage Community Bank 1311 East Main Street, Ravenna, Ohio 44266

ShoreBank 540 East 105th Street, Cleveland, Ohio 44108
Section VI – CRA examinations scheduled for The remainder of 2003

Institution Location

Apollo Trust Company 201 North Warren, Apollo, Pennsylvania 15613

Western Reserve Bank 4015 Medina Road, Medina, Ohio 44258-0585

The inclusion on the list of institutions that are scheduled to undergo CRA examinations the year 2003 is not 

determinative of whether the institution will be examined in that year. 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, February 8, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Southern Community Bank and Trust, Winston-Salem, 

North Carolina, to establish a branch at 2541 East Chester 

Drive, High Point, North Carolina.*

Newspaper - 02/13/2003

Branch Alliance Bank Corporation, Fairfax, Virginia, to establish 

a branch at 4501 North Fairfax Drive, Arlington, Virginia.*

Newspaper - 02/21/2003

*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) Bank of Granite Corporation, Granite Falls, North Carolina,

to acquire 100% of the voting shares of First Commerce 

Corporation, Charlotte, North Carolina.*

Fed Reg - 03/03/2003 

Newspaper - 03/03/2003

3(a)(3) Uwharrie Capital Corp, Concord, North Carolina, to acquire 

100% of the voting shares of Cabarrus Bank & Trust Company, 

Concord, North Carolina.*

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

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, February 8, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 5182 N. Oceanshore Boulevard, Suite A, Palm Coast, 

Florida.*

Newspaper-02/12/2003

Branch Red River Bank, Alexandria, Louisiana, to establish a mobile 

branch to operate in Rapides Parish, Alexandria, Louisiana.*

Newspaper-02/14/2003

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

located at 7455 Pinemire Drive, Oviedo, Florida.*

Newspaper-02/14/2003

*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 East Alabama Financial Group, Inc., Wedowee, Alabama, afterthe-fact notice filed by The Floyd C. Davis, Sr. Family

Partnership, L.P., Heflin, Alabama, to acquire full voting and 

ownership rights to 20.32 percent of the outstanding shares of 

East Alabama Financial Group, Inc., and its subsidiary, Small 

Town Bank, both of Wedowee, Alabama.

Newspaper-02/20/2003

Fed Reg-02/18/2003

3(a)(5) F.N.B. Corporation, Naples, Florida, to merge with Charter

Banking Corp., Tampa, Florida, and thereby acquire its

subsidiary, First National Bank of Florida, Naples, Florida.*

Newspaper-N/Avail

Fed Reg-N/Avail

3(a)(1) Georgia Commerce Bancshares, Inc., Atlanta, Georgia, to

become a bank holding company by acquiring Georgia

Commerce Bank, Atlanta, Georgia (in organization).*

Newspaper-02/28/2003

Fed Reg-02/28/2003

3(a)(1) Morton Bancorp, Inc., Morton, Mississippi, to become a bank 

holding company by acquiring Bank of Morton, Morton,

Mississippi.*

Newspaper-02/21/2003

Fed Reg-03/03/2003

3(a)(1) Piedmont Bancshares, Inc., Atlanta, Georgia, to become a bank 

holding company by acquiring Piedmont Bank of Georgia,

Atlanta, Georgia.*

Newspaper-02/20/2003

Fed Reg-02/20/2003
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(5) United Community Banks, Inc., Blairsville, Georgia, to merge 

with First Georgia Holding, Inc., and thereby acquire its 

subsidiary, First Georgia Bank, both of Brunswick, Georgia.*

Newspaper-02/28/2003

Fed Reg-03/07/2003

*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

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, February 8, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18c First Banking Center, Burlington, Wisconsin, to purchase the 

assets and assume liabilities of the Walworth branch of North 

Shore Bank, FSB, Brookfield, Wisconsin.*

Newspaper – N/Avail

Branch 1st Source Bank, South Bend, Indiana, to establish a branch 

facility to be located at 926 Erskine Plaza, South Bend, 

Indiana.*

Newspaper – 02/18/2003

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Notice by the Eldred 2002 Family Trust, Beloit, Wisconsin, and 

Co-Trustees Helen M. Eldred, Beloit, Wisconsin, Susan E. 

Boettcher, Wauwatosa, Wisconsin, Steven M. Eldred, Beloit, 

Wisconsin, and Richard J. Langer, Madison, Wisconsin, to 

acquire control of Centre 1 Bancorp, Inc., Beloit, Wisconsin, 

and thereby indirectly acquire First National Bank and Trust 

Company of Beloit, Beloit, Wisconsin.

Fed Reg – 02/10/2003

Newspaper – N/Avail

3(a)(5) First Mutual Bancorp of Illinois, Inc., Harvey, Illinois, to 

acquire 90 percent of the voting shares of Security Bancorp of 

Dupage, Inc., Naperville, Illinois, and thereby indirectly acquire 

Security Bank of Dupage, Naperville, Illinois.*

Fed Reg – 11/01/2002

Newspaper – N/Avail

CIC Notice by Ronald W. Plassman, Fort Wayne, Indiana, to acquire 

control, through the acquisition of an additional 1,360 shares (34 

percent), of 54 percent of the outstanding shares of Knisely 

Financial Corp., Butler, Indiana, and thereby indirectly acquire 

Knisely Bank, Butler, Indiana.

Fed Reg – 02/24/2003

Newspaper – N/Avail

3(a)(1) Liberty Financial Services, Inc., Sioux City, Iowa, to become a 

bank holding company by acquiring 100 percent of Liberty 

National Bank (in organization), Sioux City, Iowa.*

Fed Reg – 02/10/2003

Newspaper – 02/15/2003
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Standard Bancshares, Inc., Hickory Hills, Illinois, to acquire 100 

percent of the voting shares of East Side Bancorporation, Inc., 

Chicago, Illinois, and thereby indirectly acquire BankChicago, 

Chicago, Illinois.*

Fed Reg – 02/21/2003

Newspaper – 02/20/2003

* 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.
Section V – Availability of CRA public evaluations

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

886044 Blencoe State Bank

4011 Main Street

P.O. Box 38

Blencoe, Iowa 51523

(712) 452-2291

09/30/2002 02/07/2003 S X

Section VI – CRA examinations scheduled for Second Quarter of 2003

Institution Location

State Bank of Arthur Arthur, Illinois

Prairie Bank & Trust Co. Bridgeview, Illinois

Community Bank of Elmhurst Elmhurst, Illinois

Farmers & Mechanics Bank Galesburg, Illinois

Hinsdale Bank & Trust Co. Hinsdale, Illinois

Lake Forest Bank & Trust Co. Lake Forest, Illinois

Illini State Bank Oglesby, Illinois

Unionbank Streator, Illinois

Citizens First State Bank Walnut, Illinois

North Shore Community Bank Wilmette, Illinois

Fifth Third Bank-Indiana Indianapolis, Indiana

1

st Source Bank South Bend, Indiana

First Bank & Trust Co. Glidden, Iowa

Central Bank Storm Lake, Iowa

Security State Bank Stuart, Iowa

Iowa State Bank Wapello, Iowa

Huron Community Bank East Tawas, Michigan

Fifth Third Bank-Michigan Grand Rapids, Michigan

First Banking Center Burlington, Wisconsin

State Bank of Howards Grove Howards Grove, Wisconsin

Baylake Bank Sturgeon Bay, Wisconsin

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 8 

Federal Reserve Bank of St. Louis 

Applications and notifications filed during the week ending Saturday, February 8, 2003 

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

18C 

Branch 

First Bank, Creve Coeur, Missouri, to merge with First Bank & 

Trust, San Francisco, California, and to retain the acquired 

facilities as branch offices.* 

Newspaper – 03/04/2003 

Branch The Citizens Bank, Batesville, Arkansas, to establish a branch 

facility to be located at 1033 West Third Street, Imboden, 

Arkansas.* 

Newspaper – 03/01/2003 

* Subject to the provisions of the Community Reinvestment Act 

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

Type Application

Ending date of 

comment period

None 

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of 

comment period

None 

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

Type Application

None 
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding 

S = Satisfactory 

NI = Needs to improve 

SN = Substantial noncompliance 

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

RSSD Exam type

number Institution/Location

Examination 

date

CRA 

public date

CRA 

rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, February 8, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18c & Branch State Bank of La Crosse, La Crosse, Wisconsin to merge with 

First National Bank, La Crescent, Minnesota, and incident 

thereto establish a branch facility in La Crescent, Minnesota.*

Newspaper- N/Avail

* Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

CIC Notice by Philip R. Forstrom, Clara City, Minnesota, Perry D. 

Forstrom, Spicer, Minnesota, and John T. Forstrom, 

Independence, Minnesota; as a group acting in concert, to gain 

control of First State Agency of Lake Lillian, Inc., Lake Lillian, 

Minnesota, and thereby indirectly gain control of First State 

Bank, Lake Lillian, Minnesota.

Fed Reg- 02/28/2003

Newspaper-N/Avail

3(a)(1) Waumandee Bancshares, Ltd., Waumandee, Wisconsin, 

proposes to acquire 100% of the voting shares of Waumandee 

State Bank, Waumandee, Wisconsin.*

Fed Reg- 03/06/2003

Newspaper-03/01/2003

* 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

309851 Root River State Bank, Chatfield, 

Minnesota

10/15/2002 02/06/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10 

Federal Reserve Bank of Kansas City 

Applications and notifications filed during the week ending Saturday, February 8, 2003 

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) Campbell State Company, Lincoln, Nebraska, to acquire 100 

percent of the voting shares of Blue Hill Agency, Inc., Blue Hill, 

Nebraska, parent of Commercial Bank, Blue Hill, Nebraska. 

Newspaper - 02/07/2003 

Fed Reg - 02/14/2003 

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 

433354 InterBank 

1620 W. 3rd Street 

Elk City, Oklahoma 73644 

11/18/2002 02/03/2003 S X 

502559 Gunnison Bank & Trust Company 

232 W. Tomichi Avenue 

Gunnison, Colorado 81230-2724 

11/18/2002 02/07/2003 O 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, February 8, 2003 

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

Branch Texas State Bank, McAllen, TX, to establish a branch at 

423 Highway 6, Sugarland, TX, 77478* 

Newspaper - 02/18/2003 

*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

Other SMB filing Security State Bank of Pecos, Pecos, TX, to increase its 

investment in TransPecos Development Corp., Pecos, TX, its 

wholly-owned community development corporation, from 

approximately 3.43 percent to 6.87 percent of its capital stock 

and surplus. 
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 

989253 Comerica Bank – Texas 

1601 Elm Street 

Dallas, Texas 75201 

04/18/2002 02/10/2003 S X 

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, February 8, 2003 

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 by Alan Wilber Rolley, Dallas, Texas, and Blake Alan 

Rolley, Flagstaff, Arizona, acting in concert, to increase their 

ownership up to 33.06 percent of Arizona Bancshares, Inc., 

Flagstaff, Arizona.* 

Newspaper – N/Avail 

Fed Reg – 02/04/2003 

CIC Notice by Larry Dale Williams to retain control of Idaho 

Banking Company, Boise, Idaho.* 

Newspaper – 02/05/2003

Fed Reg – 02/26/2003 

3(a)(3) The Charles Schwab Corporation, San Francisco, California, to 

acquire 100 percent of Charles Schwab Bank, N.A., Reno, 

Nevada (In formation).* 

Newspaper – 03/10/2003

Fed Reg – 03/14/2003 

* 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 

3(a)(5)(C) BNW Bancorp, Inc., Bellingham, Washington, to become a bank 

holding company by acquiring 100 percent of Bank NorthWest, 

Bellingham, Washington. 
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 

428462 Ireland Bank 

33 Bannock Street 

Malad City, Idaho 83252-1240 

(208) 766-2211 

08/26/2002 02/06/2003 O 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 Second Quarter of 2003 

Institution Location

Bank of Utah Ogden, Utah 

Desert Community Bank Victorville, California 

First American Bank Rosemead, California 

Hanmi Bank Los Angeles, California 

Rancho Bernardo Community Bank San Diego, California 

Sun Country Bank Victorville, California 

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.