Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 42

Week Ending October 18, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions October 12, 2003 to October 18, 2003

Testimony And Statements

Renomination of Governor Bernanke -- statement by Governor Bernanke before the 

Senate Committee on Banking, Housing, and Urban Affairs on his nomination to a full 

term as a member of the Board.

- Published, October 14, 2003 

Renomination of Vice Chairman Ferguson -- statement by Vice Chairman Ferguson 

before the Senate Committee on Banking, Housing, and Urban Affairs on his 

renomination as Vice Chairman of the Board.

- Published, October 14, 2003 

Bank Holding Companies

Wells Fargo & Company, San Francisco, California -- to acquire Pacific Northwest 

Bancorp, Seattle, Washington, and its subsidiary, Pacific Northwest Bank, and Two 

Rivers Corporation, Grand Junction, Colorado, and its subsidiary, Bank of Grand 

Junction.

- Approved, October 15, 2003 

Reserve Bank Operations

Federal Reserve Bank of New York -- appointment of Timothy F. Geithner as President 

and Chief Executive Officer.

- Announced, October 15, 2003 

Enforcement

First American Bank, Carpentersville, Illinois -- written agreement with the Federal 

Reserve Bank of Chicago and the Illinois Office of Banks and Real Estate.

- Announced, October 15, 2003 

Six Rivers National Bank, Eureka, California -- issuance of a final decision and orders of 

prohibition against Gene Ulrich, former senior vice president, and Susan Diehl McCarthy, 

former vice president.

- Approved, October 14, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
October 12, 2003 to October 18, 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

American Bank of Montana, Bozeman, Montana -- to retain a branch at 140 Baker 

Avenue, Whitefish.

- Approved, October 14, 2003 

Minneapolis

The Bank of Durango, Durango, Colorado -- to establish a mobile branch at 125 Sawyer 

Drive.

- Approved, October 14, 2003 

Kansas City

East Penn Bank, Emmaus, Pennsylvania -- to establish a branch at 502 State Road, 

Borough of Emmaus.

- Approved, October 14, 2003 

Philadelphia

Landmark Community Bank, Pittston, Pennsylvania -- to establish a branch at 1318-

1320 Wyoming Avenue, Borough of Forty Fort.

- Approved, October 16, 2003 

Philadelphia

PlainsCapital Bank, Lubbock, Texas -- to operate a mobile messenger service for 

depositors of a proposed branch at 6000 Western Place, Fort Worth.

- Approved, October 16, 2003 

Dallas

Regions Bank, Birmingham, Alabama -- to establish a branch at 5202 Cottage Hill Road, 

Mobile.

- Approved, October 16, 2003 

Atlanta

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at Rattlesnake 

Hammock Road and C.R. 951, Naples, Florida.

- Approved, October 15, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority October 12, 2003 to October 18, 2003

Bank Branches, Domestic

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 2989 PGA 

Boulevard, Palm Beach Gardens, Florida.

- Approved, October 17, 2003 

Atlanta

TexasBank, Fort Worth, Texas -- to establish a branch at 102 North Main Street, 

Weatherford.

- Approved, October 16, 2003 

Dallas

Bank Holding Companies

Citizens Bancshares of Sparta, Inc., Sparta, Missouri -- to become a bank holding 

company through the acquisition of The Citizens Bank of Sparta.

- Withdrawn, October 16, 2003 

St. Louis

East Dubuque Bancshares, Inc., Dubuque, Iowa -- to become a bank holding company 

on conversion of its subsidiary, East Dubuque Savings Bank, East Dubuque, Illinois, from 

a federal savings bank to a state-chartered bank.

- Approved, October 15, 2003 

Chicago

Fidelity & Trust Financial Corporation, Chevy Chase, Maryland -- to become a bank 

holding company through the acquisition of Fidelity & Trust Bank, Bethesda, a de novo 

bank, and for Fidelity & Trust Bank to become a member of the Federal Reserve System.

- Approved, October 17, 2003 

Richmond

First Nebraska Bancs, Inc., Sidney, Nebraska, and Lisco State Company, Lisco -- to 

acquire Haxtun Community Bank, Haxtun, Colorado; and for Thomas H. Olson Family 

Limited Partnership, Lisco, to become a bank holding company through retention of 

shares of First Nebraska Bancs, Inc. and to engage in retail insurance sales in a town of 

less than 5,000.

- Approved, October 15, 2003 

Kansas City

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority October 12, 2003 to October 18, 2003

Bank Holding Companies

Liberty First Bancshares, Inc., Liberty, Missouri -- to become a bank holding company 

through the acquisition of Liberty First Bank, a de novo bank; and for Country 

Bancshares, Inc., Jamesport, to acquire shares of Liberty First Bancshares, Inc.

- Approved, October 16, 2003 

Kansas City

Mid-Missouri Bancshares, Inc., Springfield, Missouri -- to acquire shares of Town and 

Country Bank of the Ozarks, Republic.

- Approved, October 17, 2003 

St. Louis

Sterling Bancshares, Inc., Houston, Texas -- to acquire South Texas Capital Group, Inc., 

San Antonio, and Plaza Bank.

- Approved, October 16, 2003 

Dallas

Vision Bancshares, Inc., Gulf Shores, Alabama -- commitment waiver request.

- Withdrawn, October 16, 2003 

Atlanta

Wintrust Financial Corporation, Lake Forest, Illinois -- to acquire Village Bancorp, Inc., 

Arlington Heights, and Village Bank and Trust of Arlington Heights.

- Approved, October 16, 2003 

Chicago

Change In Bank Control

Calvert Financial Corporation, Jefferson City, Missouri -- change in bank control.

- Permitted, October 17, 2003 

St. Louis

Citizens Bancshares, Inc., Ville Platte, Louisiana -- change in bank control.

- Permitted, October 17, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority October 12, 2003 to October 18, 2003

Change In Bank Control

Union Bancorporation, Defiance, Iowa -- change in bank control.

- Permitted, October 15, 2003 

Chicago

Competitive Factors Reports

Allen Bank and Trust Company, Harrisonville, Missouri -- report on competitive factors 

of the proposed merger with AB Interim Bank.

- Submitted, October 15, 2003 

Kansas City

Citizens National Bank of Albion, Albion, Illinois -- report on competitive factors of the 

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

Mount Erie branch of First National Bank in Olney, Olney.

- Submitted, October 14, 2003 

St. Louis

The Farmers State Bank of Bucklin, Bucklin, Kansas -- report on competitive factors of 

the proposed merger with Bucklin Bankshares, Inc.

- Submitted, October 17, 2003 

Kansas City

Farmers State Bank, Maywood, Nebraska -- report on competitive factors of the 

proposed merger with State Bank of Trenton, Trenton.

- Submitted, October 15, 2003 

Kansas City

Fleet National Bank, Providence, Rhode Island -- report on competitive factors of the 

proposed acquisition of Progress Bank, Blue Bell, Pennsylvania.

- Submitted, October 14, 2003 

Boston

Lake City Bank, Warsaw, Indiana -- report on competitive factors of the proposed 

merger with ICM Bank & Trust Company, Evansville.

- Submitted, October 17, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority October 12, 2003 to October 18, 2003

Competitive Factors Reports

Marathon National Bank of New York, Astoria, New York -- report on competitive 

factors of the proposed acquisition of Interbank of New York, New York.

- Submitted, October 14, 2003 

New York

Partners Bank, Glen Carbon, Illinois -- report on competitive factors of the proposed 

merger with PB Interim Bank.

- Submitted, October 17, 2003 

St. Louis

The Quad County State Bank, Viburnum, Missouri -- report on competitive factors of the 

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

State Bank, Effingham, Illinois.

- Submitted, October 8, 2003 (AC)

St. Louis

State Financial Bank, National Association, Hales Corners, Wisconsin -- reports on 

competitive factors of the proposed mergers with Anchor Bank, Third Lake, Illinois, and 

Hawthorn Bank, Mundelein.

- Submitted, October 16, 2003 

Chicago

Extensions Of Time

Mitsubishi Tokyo Financial Group, Inc., Tokyo, Japan -- extension to January 23, 2004, 

for The Mitsubishi Trust and Banking Corporation to acquire the remaining shares of 

Spectrum Capital, Ltd., Greenwich, Connecticut, and thereby engage in making, 

acquiring, and servicing loans, leasing personal property, and acting as agent, broker, or 

advisor in the leasing of such property.

- Granted, October 16, 2003 

San Francisco

The Siwooganock Holding Company, Inc., Lancaster, New Hampshire -- extension to 

December 31, 2003, to become a bank holding company through the acquisition of 

Siwooganock Bank, and to acquire shares of Lancaster National Bank.

- Granted, October 15, 2003 

Boston

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority October 12, 2003 to October 18, 2003

International Operations

PlainsCapital Bank, Lubbock, Texas -- to establish a branch in Grand Cayman, Cayman 

Islands.

- Approved, October 16, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 6 of 6
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, October 18, 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) & 3(a)(5) Boston Private Financial Holdings, Inc., Boston, Massachusetts -

to acquire 100 percent of the voting shares of First State 

Bancorp, Granada Hills, California and thereby indirectly 

acquire First State Bank of California, Granada Hills, California

Newspaper - 11/18/2003

Feg Reg – 11/17/2003

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 Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, October 18, 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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, October 18, 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, October 18, 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)(1) Application by Town Square Financial Corporation, Ashland, 

KY, to acquire Town Square Bank, Inc., Ashland, KY.

Newspaper - N/Avail

Fed Reg - 10/28/2003

3(a)(3) Application by S&T Bancorp, Inc., Indiana, PA, to acquire up to 

9.9% of the outstanding voting shares of IBT Bancorp, Inc., 

Irwin, PA.

Newspaper - 10/24/2003

Fed Reg - N/Avail

3(a)(3) Application by S&T Bancorp, Inc., Indiana, PA, to acquire up to 

9.9% of the outstanding voting shares of CBT Financial Corp., 

Clearfield, PA.

Newspaper - 10/31/2003

Fed Reg - N/Avail

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

2668598 Portage Community Bank

1311 East Main Street

Ravenna, Ohio 44266

07/28/2003 10/15/2003 O 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, October 18, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Union Bank & Trust Company, Bowling Green, Virginia, to 

establish a branch at 4690 Pouncey Tract Road, Glen Allen, 

Virginia.*

Newspaper – 10/27/2003

Branch SuffolkFirst Bank, Suffolk, Virginia, to establish a branch at 

1000 North Main Street, Suffolk, Virginia.*

Newspaper – 10/31/2003

*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

2652092 EagleBank

7815 Woodmont Avenue

Bethesda, Maryland 20814

07/28/2003 10/12/2003 S X

34425 Bank of Lancaster

100 South Main Street

Kilmarnock, Virginia 22482

08/04/2003 10/16/2003 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, October 18, 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)(1) First National Bankshares of Florida, Inc., Naples, Florida, to 

become a bank holding company by acquiring First National 

Bank of Florida, Naples, Florida.*

Newspaper-N/Avail

Fed Reg-N/Avail

CIC St. Francisville Bancshares, Inc., St. Francisville, Louisiana, 

prior change in control notification filed by Mr. William C. 

Lemoine and Ms. Polly R. Lemoine, both of St. Francisville, 

Louisiana, to increase their collective ownership from 20.27 

percent to 25.99 percent of the outstanding shares of St. 

Francisville Bancshares, Inc. 

Newspaper-N/Avail

Fed Reg-N/Avail

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) First National Bankshares, Inc., Naples, Florida, to acquire First 

National Wealth Management Company, Naples, Florida (in 

organization), and thereby engage in trust activities.

Fed Reg-N/Avail

4(c)(8) First National Bankshares, Inc., Naples, Florida, to acquire 

Roger Bouchard Insurance, Inc., Clearwater, Florida, and 

thereby engage in insurance agency activities.

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

Type Application

COM Vision Bancshares, Inc., Gulf Shores, Alabama, commitment 

waiver request.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

278733 Citizens Bank of Cochran

303 NE Dykes Street

Post Office Box 427

Cochran, Georgia 31014

06/23/2003 10/13/2003 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, October 18, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C & Branches First Midwest Bank, Itasca, Illinois, to merge with CoVest Banc, 

National Association, Des Plaines, Illinois, and thereby to 

establish branches at 749 Lee Street, Des Plaines, Illinois, 2601 

West Schaumburg, Schaumburg, Illinois, and 770 West Dundee 

Road, Arlington Heights, Illinois.*

Newspaper – N/Avail

Branch Town & Country Bank, Buffalo, Illinois, to establish a branch 

facility to be located at 107 Highland Drive, Forsyth, Illinois.*

Newspaper – 10/20/2003

* 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) Chemical Financial Corporation, Midland, Michigan, to acquire 

100 percent of the voting shares of Caledonia Financial 

Corporation, Caledonia, Michigan, and thereby indirectly 

acquire State Bank of Caledonia, Caledonia, Michigan.*

Fed Reg – 11/03/2003

Newspaper – 11/07/2003

3(a)(3) & 5D3 First Midwest Bancorp, Inc., Itasca, Illinois, to acquire 100 

percent of CoVest Bancshares, Inc., Des Plaines, Illinois, and 

thereby indirectly acquire CoVest Banc, National Association, 

Des Plaines, Illinois, and by First Midwest Bank, Itasca, Illinois, 

to retain the deposits of CoVest Banc, National Association, Des 

Plaines, Illinois under applicable SAIF coverage.*

Fed Reg – 10/27/2003

Newspaper – N/Avail

3(a)(5) Northern States Financial Corporation, Waukegan, Illinois, to 

acquire 100 percent of the voting shares of Round Lake 

Bankcorp, Inc., Round Lake, Illinois, and thereby indirectly 

acquire First State Bank of Round Lake, Round Lake, Illinois.*

Fed Reg – 11/10/2003

Newspaper – 11/10/2003

3(a)(3) Wintrust Financial Corporation, Lake Forest, Illinois, to acquire 

100 percent of the voting shares of Beverly Bank & Trust 

Company, National Association (in organization), Chicago, 

Illinois.*

Fed Reg – 11/07/2003

Newspaper – 11/01/2003

* 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

4(c)(8) Cedar Investment Company, Waverly, Iowa, proposes to engage 

in the permissible nonbanking activity of extending credit and 

servicing loans.

Reg. K The Northern Trust Company, Chicago, Illinois, and The 

Northern Trust International Banking Corporation, Chicago, 

Illinois, notification of intent to make investments in several 

foreign organizations.

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

952846 Iowa State Bank

409 Hwy. 61 So.

P.O. Box 287

Wapello, Iowa 52653-0287

(319) 523-5200

06/09/2003 10/15/2003 S X
Section V – Availability of CRA public evaluations

859543 Security State Bank

615 S. Division Street

P.O. Box 606

Stuart, Iowa 50251

(515) 523-2203

06/23/2003 10/17/2003 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, October 18, 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

3A1 Freedom Bancshares of Southern Missouri, Inc., Cassville, 

Missouri, to become a bank holding company by acquiring 100 

percent of Freedom Bank of Southern Missouri, Cassville, 

Missouri. (Previously submitted during the week ending October 

11, 2003.)*

Newspaper – 11/08/2003

Fed Reg – 11/13/2003

CIC Notice by Bale South Central Family Limited Partnership, Horse 

Cave, Kentucky ("Partnership"), to gain control of South Central 

Bancshares of Kentucky, Inc., Horse Cave, Kentucky 

("Bancshares"). Partnership is a proposed "qualified family 

partnership." Its general partner will be the Bale South Central 

Trust, Horse Cave, Kentucky ("Trust"). The trustees of the Trust 

will be Thomas M. Bale, Cave City, Kentucky; Lester D. Bale, 

Horse Cave, Kentucky; William O. Bale, LaFollette, Tennessee; 

Ellen L. Bale, Glasgow, Kentucky; and Ruth H. Bale, Bowling 

Green, Kentucky. Bancshares is a multi-bank holding company 

with a controlling ownership interest in First Deposit 

Bancshares, Inc., Tompkinsville, Kentucky, which owns South 

Central Savings Bank, FSB, Elizabethtown, Kentucky, and 

South Central Bank of Monroe County, Tompkinsville, 

Kentucky. Bancshares also holds a controlling ownership 

interest in United Central Bancshares, Inc., Bowling Green, 

Kentucky, which owns South Central Bank of Bowling Green, 

Inc., Bowling Green, Kentucky. Bancshares also holds a 

controlling ownership interest in First United Bancshares, Inc., 

Glasgow, Kentucky, which owns South Central Bank of Barren 

County, Inc., Glasgow, Kentucky. Bancshares also holds a 

controlling ownership interest in South Central Bank of Daviess 

County, Inc., Owensboro, Kentucky. 

Newspaper – N/Avail

Fed Reg – 11/06/2003

* 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

4c8 City Bancorp, Springfield, Missouri, to indirectly engage in 

management consulting activities through the acquisition of 25 

percent of Mobius Technology Consulting Group, LLC, 

Springfield, Missouri.

Fed Reg – 11/07/2003

Section IV – Applications not subject to Federal Register or newspape r notice

Type Application

3A1 Iuka Bancshares, Inc., Iuka, Illinois, to become a bank holding 

company by acquiring 100 percent of The Iuka State Bank, Iuka, 

Illinois. 

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, October 18, 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 by Robert M. Weiss, Shorewood, 

Minnesota, to acquire control of Excelsior Financial Services, 

Inc., Shorewood, Minnesota, and thereby indirectly acquire 

control of Beacon Bank, Shorewood, Minnesota.

Fed Reg- 10/15/2003

Newspaper –10/22/2003

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

157650 Crow River State Bank,

Delano, Minnesota

06/30/2003 10/15/2003 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, October 18, 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) ColoEast Bankshares, Inc., Lamar, Colorado, to acquire 100 

percent of the voting shares of First National Bank of Tribune, 

Tribune, Kansas.

Newspaper - 11/17/2003

Fed Reg - N/Avail

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

563756 First State Bank

1405 16th Street

Wheatland, Wyoming 82201-2222

07/28/2003 10/16/2003 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, October 18, 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 Mr. Milton Allen Shields, III, La Feria, TX, only notificant, to 

acquire an interest in Alamo Corporation of Texas, Alamo, TX

Fed Reg – 11/05/2003

Newspaper – N/Avail

3(a)(3) Western Bancshares, Inc., Van Horn, TX, and Western Financial 

of Texas, Inc., Wilmington, DE, to acquire First National Bank, 

Lubbock, TX*

Fed Reg – 10/24/2003

Newspaper – 10/22/2003

*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

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, October 18, 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)(1) American Pacific Bancorp, Portland, Oregon, to become a bank 

holding company by acquiring 100 percent of American Pacific 

Bank, Portland, Oregon.*

Newspaper – N/Avail

Fed Reg – 11/14/2003

*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

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