Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 45 

Week Ending November 9, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Actions under delegated authority November 3, 2002 to November 9, 2002 

BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment Systems 

IF International Finance 

OSDM Office of Staff Director for Management 

C&CA Consumer and Community Affairs 

FOMC Federal Open Market Committee 

Bank Branches, Domestic 

Secretary 

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 115 Third Street, 

Neptune Beach, Florida. 

- Approved, November 5, 2002 

Richmond 

Atlanta 

Atlanta 

CapitalBank, Greenwood, South Carolina -- to establish a branch at 200 Springdale 

Drive, Clinton. 

- Approved, November 5, 2002 

Fifth Third Bank, Florida, Naples, Florida -- to establish a branch at 800 North Collier 

Boulevard, Marco Island. 

- Approved, November 5, 2002 

Fifth Third Bank, Florida, Naples, Florida -- to establish a branch at 540 John Ringling 

Boulevard, Sarasota. 

- Approved, November 8, 2002 

Richmond 

Atlanta 

Dallas 

New Peoples Bank, Inc., Honaker, Virginia -- to establish a branch at the intersection of 

State Routes 80 and 600, Davenport. 

- Approved, November 7, 2002 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 15700 Northwest 

67th Avenue, Suite 100, Miami Lakes, Florida. 

- Approved, November 5, 2002 

Western Bank, Lordsburg, New Mexico -- to establish a branch at 333 Highway 180 

West, Silver City. 

- Approved, November 6, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority November 3, 2002 to November 9, 2002 

Bank Holding Companies 

Kansas City 

AmeriBank Holding Company, Inc., Collinsville, Oklahoma -- to engage in mortgage 

origination activities through the establishment of AmeriBank Mortgage Company, LLC. 

- Approved, November 7, 2002 

Atlanta 

BankFIRST Bancorp, Inc., Winter Park, Florida -- to become a bank holding company 

through the acquisition of BankFIRST. 

- Approved, November 4, 2002 

Richmond 

Atlanta 

Atlanta 

Dallas 

BNC Bancorp, Thomasville, North Carolina -- to become a bank holding company 

through the acquisition of Bank of North Carolina. 

- Approved, November 5, 2002 

GB&T Bancshares, Inc., Gainesville, Georgia -- to acquire Home Town Bank of Villa 

Rica, Villa Rica. 

- Approved, November 6, 2002 

Hazlehurst Investors, Inc., Hazlehurst, Georgia -- to become a bank holding company 

through the acquisition of Bank of Hazlehurst. 

- Approved, November 6, 2002 

MSB Financial Corp., Dallas, Texas, and MSB Delaware Financial Corp., Wilmington, 

Delaware -- to become bank holding companies through the acquisition of Millennium 

State Bank of Texas, Dallas, a de novo bank. 

- Withdrawn, November 7, 2002 

Kansas City 

Nodaway Valley Bancshares, Inc., Maryville, Missouri -- to acquire Buchanan County 

Bancshares, Inc., Saint Joseph. 

- Approved, November 7, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority November 3, 2002 to November 9, 2002 

Bank Holding Companies 

Atlanta 

The PB Financial Services Corporation, Duluth, Georgia -- waiver of a commitment. 

- Granted, November 7, 2002 

Cleveland 

Prospect Bancshares, Inc., Worthington, Ohio -- to become a bank holding company 

through the acquisition of Prospect Bank, Columbus. 

- Approved, November 6, 2002 

Secretary 

The Royal Bank of Scotland Group plc, Edinburgh, Scotland, The Royal Bank of 

Scotland plc, and RBSG International Holdings Ltd.; and Citizens Financial Group, Inc., 

Providence, Rhode Island -- to acquire shares of Pulse EFT Association, Houston, 

Texas, and thereby engage in providing data processing and data transmission services. 

- Approved, November 8, 2002 

St. Louis 

Signature Bancshares, Inc., Springfield, Missouri -- to engage in securities brokerage 

activities through the establishment of Signature Investment Services, LLC. 

- Withdrawn, November 6, 2002 

Atlanta 

Synovus Financial Corp., Columbus, Georgia -- to merge with United Holdings, Inc., St. 

Petersburg, Florida, and thereby acquire its subsidiaries, United Bank and Trust 

Company, St. Petersburg, and United Bank of the Gulf Coast, Sarasota. 

- Approved, November 6, 2002 

St. Louis 

The Templar Fund, Inc., St. Louis, Missouri -- to acquire shares of Truman Bancorp, 

Inc. and thereby indirectly acquire Truman Bank. 

- Approved, November 6, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority November 3, 2002 to November 9, 2002 

Bank Premises 

Kansas City 

Kearney Commercial Bank, Kearney, Missouri -- to increase its investment in bank 

premises. 

- Approved, November 5, 2002 

Change In Bank Control 

Cleveland 

F.N.B. Bancorporation, Inc., Fort Mitchell, Kentucky -- change in bank control. 

- Permitted, November 7, 2002 

Minneapolis 

Lake Bank Shares, Inc. Employee Stock Ownership Plan, Emmons, Minnesota --

change in bank control notices. 

- Permitted, November 7, 2002 

Minneapolis 

Lake Bank Shares, Inc., Emmons, Minnesota -- change in bank control. 

- Permitted, November 7, 2002 

Chicago 

Oakwood Bancorp, Inc., Springfield, Illinois -- change in bank control. 

- Withdrawn, November 8, 2002 

Atlanta 

One American Corp., Vacherie, Louisiana -- change in bank control. 

- Permitted, November 7, 2002 

Kansas City 

Prairie Capital, Inc., Augusta, Kansas -- change in bank control. 

- Permitted, November 4, 2002 

Chicago 

Wellington Bancorp, Inc., Springfield, Illinois -- change in bank control. 

- Withdrawn, November 8, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority November 3, 2002 to November 9, 2002 

Competitive Factors Reports 

Secretary 

Citizens Bank of Pennsylvania, Philadelphia, Pennsylvania -- report on competitive factors 

of the proposed merger with Commonwealth Bank, Norristown. 

- Submitted, November 6, 2002 

Dallas 

First State Bank Central Texas, Temple, Texas -- report on competitive factors of the 

proposed acquisition of the Burnet, Marble Falls, Kingsland, Llano, and Mason branches 

of Coastal Banc, S.S.B., Houston. 

- Submitted, November 5, 2002 

Philadelphia 

The Glenmede Trust Company, Philadelphia, Pennsylvania -- report on competitive 

factors of the proposed merger with The Glenmede Trust Company, National Association. 

- Submitted, November 4, 2002 

Richmond 

Leeds Federal Savings Bank, Baltimore, Maryland -- report on competitive factors of the 

proposed merger with Leeds Interim Savings Bank, a de novo bank. 

- Submitted, November 4, 2002 

Boston 

Southbridge Savings Bank, Southbridge, Massachusetts -- report on competitive factors 

of the proposed purchase of the deposits and fixed assets of two branches of Woronoco 

Savings Bank, Westfield. 

- Submitted, November 5, 2002 

Secretary 

Union Bank of California, National Association, San Francisco, California -- report on 

competitive factors of the proposed merger with Copper Mountain Trust Corporation, 

Portland, Oregon. 

- Submitted, November 8, 2002 

Richmond 

Wachovia Bank, National Association, Charlotte, North Carolina -- report on 

competitive factors of the proposed merger with OFFITBANK, New York, New York. 

- Submitted, November 4, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority November 3, 2002 to November 9, 2002 

Extensions Of Time 

St. Louis 

Monticello Bancshares, Inc., Monticello, Missouri -- extension to January 3, 2003, to 

become a bank holding company through the acquisition of Bank of Monticello. 

- Granted, November 7, 2002 

Financial Holding Companies 

Minneapolis 

Security State Agency of Aitkin, Inc., Aitkin, Minnesota -- election to become a financial 

holding company. 

- Effective, November 8, 2002 

Regulations And Policies 

FOMC

Short-term Interest Rates -- decrease in the target for the federal funds rate from 1-3/4 

percent to 1-1/4 percent. 

- Approved, November 6, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 6 
H.2 Board Actions November 3, 2002 to November 9, 2002 

Discount Rates 

Discount Rates -- decrease from 1-1/4 to 3/4 percent by the Federal Reserve Banks of 

New York, St. Louis, Dallas and San Francisco. 

- Approved, November 6, 2002 

Discount Rates -- decrease from 1-1/4 to 3/4 percent by the Federal Reserve Banks of 

Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, Minneapolis, and Kansas 

City. 

- Approved, November 7, 2002 

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

4(c)(8) Putnam Bancorp MHC, Inc. and PSB Holdings, Inc., both of Newspaper - 12/09/2002 

Putnam, Connecticut - to become mutual and stock holding Fed Reg - N/Avail 

companies, respectively, through the reorganization of Putnam 

Savings Bank, Putnam, Connecticut. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) Münchener Ruckversicherungs-Gesellschaft Aktiengesellschaft 

in München, Munich, Germany (“Munich Re”), to retain the 

shares of Commerzbank AG, and thereby retain its indirect 

ownership of 10.4 percent of Pacific Union Bank, Los Angeles, 

California.* 

3(a)(1) Elran (D.D.) Investments Ltd. And Elran (D.D.) Holdings Ltd., 

both of Tel Aviv, Israel, to become bank holding companies by 

acquiring indirect control of Signature Bank, New York, New 

York.* 

Newspaper – 12/12/2002 

Fed. Reg. – N/A 

Newspaper – 11/28/2002 

Fed Reg – 11/29/2002 

* Subject to the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 regula tion 

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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Notice by Fifth Third Bank, Michigan, Grand Rapids, MI to 

establish a branch at 1114 North Mission St., Mt. Pleasant, MI.* 

Newspaper - 11/02/2002 

Branch Notice by Fifth Third Bank, Cincinnati, OH to establish a branch 

at State Route 301 (Abbe Rd.) and Route 254 adjacent to I-90, 

Sheffield Village, OH.* 

Newspaper - 11/25/2002 

Branch Notice by Fifth Third Bank, Indiana, Indianapolis, IN to 

establish a branch at 12626 U.S. 41, Evansville, IN.* 

Newspaper - 11/15/2002 

Branch Notice by Fifth Third Bank, Northern Kentucky, Covington, KY 

to establish branches at 338 Richwood Rd., Richwood, KY and 

377 Mt. Zion Rd., Florence, KY.* 

Newspaper - 11/20/2002 

* Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

CIC Notice of Change in Bank Control filed by the Forcht Family 

Control Group of their intent to acquire ownership and control 

of 100% of the outstanding voting shares of Somerset Bancorp, 

Inc., Corbin, KY. 

CIC Notice of Change in Bank Control filed by the Forcht Family 

Control Group of their intent to acquire ownership and control 

of 100% of the outstanding voting shares of Laurel Bancorp, 

Inc., Corbin, KY. 

CIC Notice of Change in Bank Control filed by the Forcht Family 

Control Group of their intent to acquire ownership and control 

of 100% of the outstanding voting shares of Tri-County 

Bancorp, Inc., Corbin, KY. 

CIC Notice of Change in Bank Control filed by the Forcht Family 

Control Group of their intent to acquire ownership and control 

of 100% of the outstanding voting shares of Williamsburg 

Bancorp, Inc., Corbin, KY. 

Newspaper - 11/20/2002 

Fed Reg - 11/27/2002 

Newspaper – 11/20/2002 

Fed Reg – 11/27/2002 

Newspaper – 11/20/2002 

Fed Reg – 11/27/2002 

Newspaper – 11/20/2002 

Fed Reg – 11/27/2002 
Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

542528 The Citizens Banking Company 

100 East Water Street 

Sandusky, OH 44870 

08/12/2002 11/05/2002 O X

1017425 The Killbuck Savings Bank Company

165 North Main St.

Killbuck, OH 44637

08/26/2002 11/06/2002 S X

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) FNB Southeast, Reidsville, North Carolina, to acquire the assets 

and assume the liabilities of the Harrisonburg, Virginia, branch 

office of Guaranty Bank, Charlottesville, Virginia.* 

Newspaper - N/avail 

Branch The Bank of Currituck, Moyock, North Carolina, to establish a 

branch at 3105 North Croatan Highway, Kill Devil Hills, North 

Carolina.* 

Newspaper - 11/23/2002 

Branch Guaranty Bank, Charlottesville, Virginia, to establish a branch at 

124 Main Street, Lovingston, Virginia.* 

Newspaper - 11/24/2002 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

3(a)(3) Davis Trust Financial Corporation, Elkins, West Virginia, to Fed Reg - N/Avail 

acquire up to 21.63% of the voting shares of First Clay County Newspaper - 12/06/2002 

Banc Corporation, Clay, West Virginia.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

188720 The Farmers Bank of Appomattox 

18 Main Street 

Appomattox, Virginia 24522 

08/26/2002 11/02/2002 S X

8631 Pleasants County Bank 

323 2nd Street 

St. Marys, West Virginia 26170 

08/26/2002 11/09/2002 S X

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 4115 East Colfax Avenue, Denver, Colorado, to be 

known as the Denver-Colfax Branch.* 

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

located at the intersection of North Dysart Road and West Indian 

School Road, Litchfield Park, Arizona, to be known as the 

Litchfield-Dysart Branch.* 

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

located at the intersection of North Alma School Road and West 

Elliot Road, Chandler, Arizona, to be known as the ChandlerAlma School Branch.* 

Branch Fifth Third Bank, Naples, Florida, to establish a branch located 

at 540 John Ringling Boulevard, Sarasota, Florida, to be known 

as the St. Armands Banking Center.* 

Newspaper-11/12/2002 

Newspaper-11/12/2002 

Newspaper-11/12/2002 

Newspaper-11/03/2002 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) CenterState Banks of Florida, Inc., Winter Haven, Florida, to Newspaper-11/22/2002 

acquire CenterState Bank of Florida, Winter Haven, Florida.* Fed Reg-12/02/2002 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applicatio ns subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

64730 Farmers & Merchants 07/29/2002 11/07/2002 S X 

Post Office Box 4450 

Eatonton, Georgia 31024 

(706) 485-9941 

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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period

Branch Harris Bank St. Charles, St. Charles, Illinois, to establish a Newspaper – 11/21/2002 

branch facility to be located at the northwest corner of 

Thornwood Avenue and Randall Road, South Elgin, Illinois. 

18C & 

Branches 

Midwest Bank and Trust Company, Elmwood Park, Illinois, to 

merge with Fairfield Savings Bank, F.S.B., Long Grove, Illinois 

and thereby to establish branches.* 

Newspaper – 11/06/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section II – Applications subject to both news paper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(3) Ambanc Financial Services, Inc., Beaver Dam, Wisconsin, to 

acquire 100 percent of Central Lakes Bancorporation, Inc., 

Necedah, Wisconsin, and thereby indirectly acquire Necedah 

Bank, Necedah, Wisconsin.* 

3(a)(3) First State Associates, Inc., Hawarden, Iowa, and Old O’Brien 

Banc Shares, Inc., Sutherland, Iowa , to each acquire an 

additional 16.67 percent of Hawarden Banking Company, 

Hawarden, Iowa. The shares are being acquired through 

Hawarden Banking Company redemption of 65 shares, or 33.33 

percent of its 195 shares outstanding.* 

CIC Notice by Donald Dean Nolan, Hawarden, Iowa, to acquire an 

additional 661 shares, or 15 percent of First State Associates, 

Inc., Hawarden, Iowa, and thereby increase his aggregate 

ownership to 31 percent. 

3(a)(3) Herky Hawk Financial Corp., Monticello, Iowa, to acquire 100 

percent of Munter Agency, Inc., Strawberry Point, Iowa, and 

thereby indirectly acquire Union Bank & Trust Company, 

Strawberry Point, Iowa.* 

Fed Reg – 12/06/2002 

Newspaper – 11/25/2002 

Fed Reg – 11/29/2002 

Newspaper – 11/23/2002 

Fed Reg – 11/22/2002 

Newspaper – 11/20/2002 

Fed Reg – 11/22/2002 

Newspaper – N/Avail 
Section II – Applications subject to both news paper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(3) Mahaska Investment Company, Oskaloosa, Iowa, to acquire 100 

percent of Belle Plaine Service Corporation, Belle Plaine, Iowa, 

and thereby indirectly acquire Citizens Bank and Trust 

Company, Hudson, Iowa.* 

4(c)(8) Midwest Banc Holdings, Inc., Elmwood Park, Illinois, to merge 

with Big Foot Financial Corporation, Long Grove, Illinois, and 

thereby indirectly acquire Fairfield Savings Bank, F.S.B., Long 

Grove, Illinois, and thereby operate a savings association.* 

3(a)(3) Prairieland Bancorp Employee Stock Ownership Plan, Bushnell, 

Illinois, to increase its ownership of Prairieland Bancorp, Inc., 

Bushnell, Illinois, from 44.73 percent to 49.77 percent, and 

thereby indirectly acquire Farmers and Merchants State Bank, 

Bushnell, Illinois. 

Fed Reg – 11/18/2002 

Newspaper – 11/15/2002 

Fed Reg –11/15/2002 

Newspaper – 11/18/2002 

Fed Reg – N/Avail 

Newspaper – 12/16/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

4c8 Michigan Heritage Bancorp, Inc., Farmington Hills, Michigan, 

proposes to engage in the origination of residential mortgages 

and home equity loans through the acquisition of MHB 

Financial, LLC, Farmington Hills, Michigan. 
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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

123646 Salin Bank & Trust Co. 

8455 Keystone Crossing Drive 

Suite 100 

Indianapolis, Indiana 46240 

(317) 532-2265 

427241 The Friendship State Bank 

5908 State Road 62 

Friendship, Indiana 47021 

(812) 667-5101 

297042 Fortress Bank of Westby 

100 N. Main Street 

Westby, Wisconsin 54667 

(608) 634-3787 

87047 First State Bank of Porter 

230 Lincoln Street 

Porter, Indiana 46304-1897 

(219) 926-2136 

04/29/2002 11/04/2002 S X 

03/04/2002 11/04/2002 S X 

06/10/2002 11/05/2002 S X 

06/10/2002 11/07/2002 S X 
Section VI – CRA examinations scheduled for First Quarter of 2003 

Institution Location 

State Bank of Blue Mound

First Bank and Trust of Evanston

Town & Country Bank

First Bank of Berne

Linden State Bank

Ames Community Bank

Citizens State Bank

Security Savings Bank

Farmers State Bank

City State Bank

The Home Trust and Savings Bank

The Blissfield State Bank

Farmers State Bank of Breckenridge

Isabella Bank and Trust

Michigan Heritage Bank

The Onsted State Bank

Union Bank and Trust Co.

F&M Bank – Wisconsin

Blue Mound, Illinois

Evanston, Illinois

Springfield, Illinois

Berne, Indiana

Linden, Indiana

Ames, Iowa

Clarinda, Iowa

Eagle Grove, Iowa

Lake View, Iowa

Ogden, Iowa

Osage, Iowa

Blissfield, Michigan

Breckenridge, Michigan

Isabella, Michigan

Novi, Michigan

Onsted, Michigan

Evansville, Wisconsin

Kaukauna, 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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3A1 Tate Interim, Inc., Senatobia, Mississippi, to become a bank 

holding company by acquiring 100 percent of the voting shares 

of Tate Financial Corporation, Senatobia, Mississippi, and 

thereby indirectly acquire its subsidiary bank, Senatobia Bank, 

Senatobia, Mississippi.* 

Newspaper – 12/05/2002 

Fed Reg – N/Avail 

CIC Notice by Robert Lee Riley, Holliday, Missouri, to gain control 

of Paris Bancshares, Inc., Paris, Missouri. 

Newspaper – N/Avail 

Fed Reg – 11/29/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date 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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Community Financial Corporation, Owatonna, Minnesota, to 

become a bank holding company by acquiring 100 percent of the 

voting shares of Community Bank Owatonna, Owatonna, 

Minnesota, a de novo bank.* 

3(a)(3) State Bankshares, Inc., Fargo, North Dakota, to acquire 100% of 

State Bank of Moorhead, Moorhead, Minnesota.* 

3(a)(3) Merchants Financial Group, Inc., Winona Minnesota, to acquire 

100% of the voting shares of Merchants Bank, National 

Association, La Crescent, Minnesota, a de novo bank, in 

connection with the relocation of the charter of the existing 

Merchants Bank, National Association, La Crescent, Minnesota, 

to Onalaska, Wisconsin.* 

3(a)(3) First Interstate Bancsystem, Inc., Billings, Montana proposes to 

acquire 100% of the voting shares of Silver Run Bancorporation, 

Inc., Red Lodge, Montana, and thereby indirectly acquire The 

United States National Bank of Red Lodge, Red Lodge, 

Montana.* 

CIC Notice by Patrick A. Wick, Turtle Lake, Wisconsin to acquire 

control of Turtle Bancshares, Inc., Turtle Lake, Wisconsin, and 

thereby indirectly acquire control of Bank of Turtle Lake, Turtle 

Lake, Wisconsin. 

CIC Change in control notice by Todd Haugan, Long Lake, 

Minnesota, Tom P. Kell, Duluth, Minnesota and Richard 

Lefcowitz, Minong, Wisconsin to retain control of Superior 

Financial Holding, Inc., Two Harbors, Minnesota, and thereby 

indirectly retain control of the Lake Bank, National Association, 

Two Harbors, Minnesota. 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 11/01/2002 

Newspaper – N/Avail 

Fed Reg – 11/25/2002 

Newspaper – 11/30/2002 

Fed Reg – 12/06/2002 

Newspaper – 11/24/2002 

Fed Reg – 12/02/2002 

Newspaper – N/Avail 

Fed Reg – 12/02/2002 

Newspaper – N/Avail 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

CIC Change in control notice for David A. Beito, Trustee of the Fed Reg – N/Avail 

David A. Beito 2002 GST Trust A, Kathryn A. Beito 2002 GST Newspaper – N/Avail 

Trust A, Laura E. Beito 2002 GST Trust A, David A. Beito 2002 

GST Trust B, Kathryn A. Beito 2002 GST Trust B, and Laura E. 

Beito 2002 GST Trust B to acquire control of GATO Holdings, 

Inc., Thief River Falls, Minnesota. 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch SpiritBank, Tulsa, Oklahoma, to establish a mobile branch to Newspaper - 11/18/2002 

service the location at 9618 S. Memorial, Tulsa, Oklahoma. 

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

Ending date of 

Type Application comment period 

CIC Notice by Central of Kansas, LP and Edward C. Rolfs and Newspaper - N/Available 

Thomas Rolfs as co-trustees of the CKI Management Trust, all Fed Reg - N/Available 

of Junction City, Kansas, to acquire control of Central of 

Kansas, Inc., parent of Central National Bank, both of Junction 

City, Kansas. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Type Application 

Ending date of 

comment period 

18(c) PNB Financial Bank, Lubbock, TX, to merge with Newspaper - 12/01/2002 

Whisperwood National Bank, Lubbock, TX* 

Branch PNB Financial Bank, Lubbock, TX, to establish three branch 

offices at 4415 Fourth Street, Lubbock, TX 79416; 2524 82nd 

Street, Lubbock, TX 79423; and 5201 82nd Street, Lubbock, TX 

79424* 

Newspaper - 12/01/2002 

Branch Legacy Bank of Texas, Plano, TX, to establish a branch office at 

State Highway 289 and FM 720, Frisco, TX 75034* 

Newspaper - 11/10/2002 

*Subject to the provisions of the Community Reinvestment Act 

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

Type Application 

3(a)(1) Reynolds Teague, Thurman Financial Corporation, Moody, TX, 

to acquire RTT Delaware Holdings, Inc., Wilmington, TX, and 

First National Bank of Moody, Moody, TX* (previously 

reported the week ending November 2, 2002) 

CIC Harvey E. Zinn, Sugar Land, TX, to acquire an interest in SNB 

Bancshares, Inc., Sugar Land, TX (previously reported the week 

ending November 2, 2002) 

3(a)(5) Maedgen & White, Ltd., Dallas, TX, and Plains Capital 

Corporation, Dallas, TX, to acquire Independent Financial, Inc., 

Lubbock, TX, and Whisperwood National Bank, Lubbock, TX* 

Ending date of 

comment period 

Fed Reg – 11/29/2002 

Newspaper – 11/29/2002 

Fed Reg – 11/19/2002 

Newspaper – 11/22/2002 

Fed Reg – 12/06/2002 

Newspaper – 12/01/2002 

*Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

884358 First State Bank 08/12/2002 11/11/2002 S X 

112 West Polk Street 

Livingston, Texas 77351-2836 

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, November 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Joyce Anne Chiles, Centerville, Washington, William John Newspaper – N/Avail 

Firstenburg and Bruce Edward Firstenburg, Vancouver, Fed Reg – 12/03/2002 

Washington, to acquire additional voting shares of First 

Independent Investment Group, Inc., Vancouver, Washington, and 

thereby indirectly acquire voting shares of First Independent Bank, 

Vancouver, Washington.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

COM Zubair and Khatjia Kazi and Yahia and Magda Abdul-Rahman 

request relief from their commitments set forth in their letters dated 

May 28, 1997, June 5, 1997, June 11, 1997, and July 7, 1997, 

made in connection with a Change in Bank Control notice involving 

Greater Pacific Bancshares, Whittier, California. 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None