Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 20

Week Ending May 16, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 10, 1998 to May 16, 1998

Bank Holding Companies

HUBCO, Inc., Mahawah, New Jersey -- to acquire MSB Bancorp, Inc., Goshen, 

New York, and MSB Bank.

- Approved, May 13, 1998 

Regions Financial Corporation, Birmingham, Alabama -- to merge with First 

Commercial Corporation, Little Rock, Arkansas, and acquire First Commercial's 

subsidiary banks and nonbanking subsidiaries.

- Approved, May 13, 1998 

Forms

Annual Survey of Eligible Bankers Acceptances (FR 2006) -- extension, without 

revision.

- Approved, May 11, 1998 

Notice By Financial Institutions of Government Securities Broker or Government 

Securities Dealer Activities and Notice By Financial Institutions of Termination of 

Activities as a Government Securities Broker or Government Securities Dealer (FR 

G-FIN and FR G-FINW) -- extension, without revision.

- Approved, May 11, 1998 

Notice Claiming Status as an Exempt Transfer Agent (FR 4013) -- extension, 

without revision.

- Approved, May 11, 1998 

Proposed Stock Redemption Notification (FR 4008) -- extension, without revision.

- Approved, May 11, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
May 10, 1998 to May 16, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

BANK BRANCHES, DOMESTIC

Auburn Bank, Auburn, Alabama -- to establish a branch at 3700 U.S. Highway 431 

North, Phenix City, Alabama.

- Approved, May 14, 1998 

Atlanta

Bank of Boulder, Boulder, Colorado -- to establish a branch at 915 Hoover Street, 

Longmont, Colorado.

- Approved, May 11, 1998 

Kansas City

Colorado Valley Bank, La Grange, Texas -- to establish a branch at 1001 Milam St., 

Columbus, Texas.

- Approved, May 15, 1998 

Dallas

F&M Bank - Superior, Superior, Wisconsin -- to establish a branch in Superior, 

Wisconsin.

- Approved, May 15, 1998 

Minneapolis

Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky -- to relocate a branch from 

4700 Bardstown Road to 3801 South Hurstbourne Parkway.

- Approved, May 15, 1998 

St. Louis

First Interstate Bank, Billings, Montana -- to establish a branch in Lame Deer, 

Montana.

- Approved, May 15, 1998 

Minneapolis

Flint Creek Valley Bank, Phillipsburg, Montana -- to establish a branch in Butte, 

Montana.

- Approved, May 15, 1998 

Minneapolis

(AC) = Addition or Correction Delegated - Page 1 of 10
H.2 May 10, 1998 to May 16, 1998

BANK BRANCHES, DOMESTIC

McIlroy Bank & Trust, Fayetteville, Arkansas -- to establish a branch at 3350 West 

Wedington Drive.

- Approved, May 12, 1998 

St. Louis

Bank Holding Companies

Allied Irish Banks, p.l.c., Dublin, Ireland -- to engage de novo, through certain of its 

nonbanking subsidiaries, in serving as the general partner of private investment 

limited partnerships now existing or to be established in the future.

- Permitted, May 11, 1998 

Secretary

Amtrust, Inc., Dubuque, Iowa -- to acquire Cuba City State Bank, Cuba City, 

Wisconsin.

- Approved, May 13, 1998 

Chicago

Anson Bancorp, Inc., Wadesboro, North Carolina -- to acquire Anson Savings Bank, 

SSB.

- Approved, May 12, 1998 

Richmond

Bank of Montreal, Montreal, Canada, Bankmont Financial Corp., Chicago, Illinois, 

and Harris Bankcorp, Inc. -- notice to acquire through Harris Investment 

Management, Inc., Chicago, Illinois, an interest in Harris Investment Management 

Market Neutral Fund, LLC., and engage in financial and advisory services. 

- Permitted, May 15, 1998 

Chicago

Eastern Bank Corporation, Lynn, Massachusetts -- to engage de novo in investment 

advisory services through Asset Management, LLC.

- Permitted, May 14, 1998 

Boston

(AC) = Addition or Correction Delegated - Page 2 of 10
H.2 May 10, 1998 to May 16, 1998

Bank Holding Companies

Freedom Bancshares, Inc., La Crosse, Wisconsin -- application to acquire shares of 

Park Bank, Holmen, Wisconsin.

- Withdrawn, May 15, 1998 

Minneapolis

Halbur Bancshares, Inc., Halbur, Iowa -- to acquire Westside Banco, Inc., Westside, 

Iowa, and Westside State Savings Bank.

- Approved, May 13, 1998 

Chicago

Jefferson State Bancorp, Medford, Oregon -- application to acquire Bank of 

Southern Oregon.

- Withdrawn, May 12, 1998 

San Francisco

MainStreet BankGroup Incorporated, Martinsville, Virginia -- to acquire Ballston 

Bancorp, Inc., Washington, DC.

- Approved, May 11, 1998 

Richmond

Mid Penn Bancorp, Inc., Millersburg, Pennsylvania -- to acquire Miners Bank of 

Lykens, Lykens, Pennsylvania.

- Approved, May 13, 1998 

Philadelphia

National Australia Bank Limited, Melbourne, Australia -- to acquire certain assets 

and assume certain liabilities of Banc One Mortgage Corporation, Indianapolis, 

Indiana, and engage in mortgage banking and lending activities.

- Permitted, May 15, 1998 

Chicago

National City Corporation, Cleveland, Ohio -- to acquire shares of INFITEQ, LLC, 

Inc., Louisville, Kentucky, and engage in management consulting and counseling 

activities, support services, and data processing and data transmission activities.

- Approved, May 11, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 3 of 10
H.2 May 10, 1998 to May 16, 1998

Bank Holding Companies

Premier Bancshares, Inc., Atlanta, Georgia -- to merge with Button Gwinnett 

Financial Corporation, Snellville, Georgia, and acquire The Bank of Gwinnett 

County, Lawrenceville, Georgia.

- Approved, May 14, 1998 

Atlanta

Security State Bancshares, Inc., Charleston, Missouri -- to acquire Bank of Atkins, 

Atkins, Arkansas.

- Approved, May 13, 1998 

St. Louis

SJNB Financial Corp., San Jose, California -- to acquire Epic Funding Corporation, 

Lafayette, California, and engage in property leasing and lending activities.

- Permitted, May 14, 1998 

San Francisco

Southern Development Bancorporation, Inc., Arkadelphia, Arkansas -- to acquire 

shares of First Delta Corporation, Helena, Arkansas, and to acquire First National 

Bank of Phillips County, and The Delta State Bank, Elaine, Arkansas.

- Approved, May 13, 1998 

St. Louis

State Street Corporation, Boston, Massachusetts -- to acquire shares of Dow Jones 

Market Holdings, New York, New York, and engage in providing data processing or 

data transmission services.

- Permitted, May 11, 1998 

Secretary

Union Planters Corporation, Memphis, Tennessee -- request for waiver of 

application in connection with proposed acquisition of Duck Hill Bank, Duck Hill, 

Mississippi.

- Granted, May 14, 1998 

St. Louis

United Banc Corporation, Martins Ferry, Ohio -- to acquire Southern Ohio 

Community Bancorporation, Inc., Glouster, Ohio.

- Approved, May 12, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 4 of 10
H.2 May 10, 1998 to May 16, 1998

Bank Mergers

Atlantic Bank, Ocean City, Maryland -- to acquire certain assets and assume certain 

liabilities of five branches of Bank of Maryland, Towson, Maryland, and establish 

branches in Bishopville, Salisbury, Princess Anne, Crisfield, and Federalsburg, 

Maryland.

- Approved, May 13, 1998 

Richmond

Colonial Bank, Montgomery, Alabama -- to merge with Commercial Bank of 

Nevada, Las Vegas, Nevada.

- Approved, May 12, 1998 

Atlanta

Farmers State Bank, Mankato, Kansas -- to merge with the Beloit, Kansas, branch of 

Security National Bank, Manhattan, Kansas, and establish a branch.

- Approved, May 15, 1998 

Kansas City

Johnson Bank, Racine, Wisconsin -- to merge with Bank of Fort Atkinson, Fort 

Atkinson, Wisconsin, and establish a branch at 200 W. Sherman Avenue.

- Approved, May 14, 1998 

Chicago

Bank Premises

Merchants State Bank, Freeman, South Dakota -- investment in bank premises.

- Approved, May 11, 1998 

Minneapolis

Banks, Nonmember, And Miscellaneous Institutions

Boatmen's Trust Company of Arkansas, Little Rock, Arkansas -- registration as 

transfer agent.

- Withdrawn, May 13, 1998 

Director, BS&R

Boatmen's Trust Company, an Oklahoma Trust Company, Oklahoma City, 

Oklahoma -- registration as transfer agent.

- Withdrawn, May 13, 1998 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 5 of 10
H.2 May 10, 1998 to May 16, 1998

Banks, Nonmember, And Miscellaneous Institutions

Boatmen's Trust Company, St. Louis, Missouri -- registration as transfer agent.

- Withdrawn, May 13, 1998 

Director, BS&R

Change In Bank Control

Cincinnati Financial Corporation, Cincinnati, Ohio -- change in bank control.

- Permitted, May 11, 1998 

Cleveland

Duke Financial Group, Inc., Minneapolis, Minnesota -- change in bank control.

- Permitted, May 11, 1998 

Minneapolis

Competitive Factors Reports

Fifth Third Bank of Northwestern Ohio, N.A., Toledo, Ohio -- report on competitive 

factors of the proposed purchase of the assets and assumption of the liabilities of two 

branches of Fifth Third Bank, Cincinnati, Ohio, located in Toledo and Maumee, 

Ohio. 

- Submitted, May 13, 1998 

Cleveland

First Western Bank, N.A., New Castle, Pennsylvania -- report on competitive factors 

of the proposed purchase of certain assets and assumption of certain liabilities of 16 

branches of PNC Bank, N.A., Pittsburgh, Pennsylvania.

- Submitted, May 11, 1998 

Cleveland

FUNB National Bank, Fryburg, Pennsylvania -- report on competitive factors of the 

proposed acquisition of First United National Bank.

- Submitted, May 12, 1998 

Cleveland

Key Interim Wyoming National Bank, Cheyenne, Wyoming -- report on competitive 

factors of the proposed merger with KeyTrust Company, N.A.

- Submitted, May 13, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 6 of 10
H.2 May 10, 1998 to May 16, 1998

Competitive Factors Reports

KeyTrust Company N.A., Cheyenne, Wyoming -- report on competitive factors of 

the proposed merger with Key Interim Wyoming, N.A., and KeyBank, N.A., 

Cleveland, Ohio.

- Submitted, May 13, 1998 

Cleveland

Minnesota BANKFIRST, Minneapolis, Minnesota -- report on competitive factors of 

the proposed merger with BANKFIRST, Sioux Falls, South Dakota.

- Submitted, May 11, 1998 

Minneapolis

MSB Bank, Goshen, New York -- report on competitive factors of the proposed 

merger with Bank of Hudson, Poughkeepsie, New York.

- Submitted, May 13, 1998 

New York

NationsBank, National Association, Charlotte, North Carolina -- report on 

competitive factors of the proposed merger with Boatmen's National Bank of Austin, 

Austin, Texas, and Sunwest Bank of El Paso, National Association, El Paso, Texas.

- Submitted, May 11, 1998 

Richmond

Norwest Bank Texas, National Association, San Antonio, Texas -- report on 

competitive factors of the proposed merger with Fidelity Bank & Trust, National 

Association, Fort Worth, Texas, and Continental State Bank, Boyd, Texas.

- Submitted, May 12, 1998 

Dallas

Phoenix Interim Bank, Lynwood, Washington -- report on competitive factors of the 

proposed merger with Phoenix Savings Bank.

- Submitted, May 14, 1998 

San Francisco

Royal Bank, Elroy, Wisconsin -- report on competitive factors of the proposed 

merger with Royal Bank, Cobb, Wisconsin, and Royal Bank, Gay Mills, Wisconsin.

- Submitted, May 11, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 7 of 10
H.2 May 10, 1998 to May 16, 1998

Competitive Factors Reports

Selmer Bank & Trust Company, Selmer, Tennessee -- report on competitive factors 

of the proposed merger with Bank of Middleton, Middleton, Tennessee.

- Submitted, May 12, 1998 

St. Louis

Southwest Interim Bank No. 4, N.A., Seminole, Florida -- report on competitive 

factors of the proposed acquisition of Seminole Bank and the proposed merger of 

Seminole Bank, N.A., with Indian Rocks National Bank, Largo, Florida.

- Submitted, May 13, 1998 

Cleveland

U.S. Bank National Association, Minneapolis, Minnesota -- report on competitive 

factors of the proposed merger with West One Trust Company, Salt Lake City, Utah.

- Submitted, May 14, 1998 

Minneapolis

U.S. Trust Company of the Pacific Northwest Interim National Bank, Portland, 

Orgeon -- report on competitive factors of the proposed merger with U.S. Trust 

Company of the Pacific Northwest.

- Submitted, May 14, 1998 

New York

Union Planters Bank, N.A., Memphis, Tennessee -- report on competitive factors of 

the proposed merger with Selmer Bank & Trust Company, Selmer, Tennessee.

- Submitted, May 12, 1998 

St. Louis

Union Planters Bank, N.A., Memphis, Tennessee -- report on competitive factors of 

the proposed merger with Duck Hill Bank, Duck Hill, Mississippi.

- Submitted, May 14, 1998 

St. Louis

Wachovia National Bank, N.A., Winston-Salem, North Carolina -- report on 

competitive factors of the proposed merger with 1st United Bank, Palm Beach, 

Florida.

- Submitted, May 13, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 8 of 10
H.2 May 10, 1998 to May 16, 1998

Competitive Factors Reports

Washington Mutual, Inc., Seattle, Washington -- report on competitive factors of the 

proposed acquisition of H.F. Ahmanson & Company, Irwindale, California.

- Submitted, May 14, 1998 

San Francisco

Extensions Of Time

Citizens Effingham Bancshares, Inc., Springfield, Georgia -- extension to August 19, 

1998, to acquire Citizens Bank of Effingham (in organization).

- Granted, May 13, 1998 

Atlanta

First Commerce Corporation, New Orleans, Louisiana -- extension to August 29, 

1998, to engage in community development investment activities through its 

investment in a proposed community development known as 150 Baronne Street 

Limited Partnership.

- Granted, May 14, 1998 

Atlanta

First Security Bank of Nevada, Las Vegas, Nevada -- extension to October 3, 1998, 

to establish a branch at Trailwood Drive and Village Center Drive.

- Granted, May 7, 1998 (AC)

San Francisco

Mission-Heights Management Company, LTD., Channelview, Texas, Prime 

Bancshares, Inc., and IBID, Inc., Wilmington, Delaware -- extension to May 22, 

1998, to acquire Sunbelt National Bank, Houston, Texas.

- Granted, May 12, 1998 

Dallas

International Operations

United States Trust Company International Corporation, New York, New York -- 

request for relief from conditions relied on in the Board's approval of an application 

by USTI to acquire shares of United States Trust Company of New York Limited, 

Georgetown, Grand Cayman.

- Granted, May 13, 1998 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 9 of 10
H.2 May 10, 1998 to May 16, 1998

Membership

Citizens State Bank, Clarinda, Iowa -- to become a member of the Federal Reserve 

System.

- Approved, May 15, 1998 

Chicago

RCB Bank, Claremore, Oklahoma -- to become a member of the Federal Reserve 

System.

- Approved, May 13, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 10 of 10
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of May 16, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 3rd Quarter of 1998 

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 16, 1998

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) Travelers Group Inc., New York, New York, to become a bank

holding company as a result of it’s proposed merger with Citicorp,

New York, New York, and related applications and notices,

pursuant to Sections 3 and 4 of the BHC Act, and the Board’s

Regulation K.

06/16/98

3(a)(5) Pathfinder Bancorp, MHC, Oswego, New York, (“City MHC”), to

acquire Oswego County, MHC, Oswego, New York (“County

MHC”), a to-be-formed New York chartered mutual holding

company, through the merger of County MHC into City MHC.

06/15/98

3(a)(1) Oswego County Savings Bank, Oswego, New York, Oswego, New

York (“County Savings”), to reorganize into County MHC, that

will own 100 percent of the common stock of County Savings,

upon conversion of County Savings to a stock savings bank.

06/15/98

3(a)(1) PASL Holding Corp., New York, New York, to become a bank

holding company through its acquisition of at least 35 percent of

the voting shares of MetBank Holding Corp., New York, New

York, a proposed de novo bank holding company which will own

100 percent of the voting shares of Metropolitan National Bank,

New York, New York, a proposed de novo bank.

06/15/98
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) RSI Bancorp, MHC, a proposed New Jersey mutual bank holding

company, and its subsidiary, RSI Bancorp, Inc., a proposed New

Jersey stock-form bank holding company, both of Rahway, New

Jersey, to acquire 100 percent of the shares of common stock of a

to-be-named New Jersey stock-form savings bank and the

proposed successor of The Rahway Savings Bank Institution,

Rahway, New Jersey, a New Jersey mutual savings bank.

06/15/98

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Third Quarter of 1998

Institution Location

Banco Popular de Puerto Rico P.O. Box 2708

San Juan, Puerto Rico 00936-2708

Merchants Bank and Trust Company 275 Madison Avenue

New York, New York 10016

Orange County Trust Company 75 North Street

Middletown, New York 10940
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Commerce Bancorp, Cherry Hill, NJ, to engage in Tier II securities N/Avail

underwriting and dealing and related activities.

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

Type Application comment period

Ending date of 

3(a)(1) First Washtington Financial Corp, Windsor, NJ, to acquire 100

percent of First Washington State Bank, Windsor, PA.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

Community Bank & Trust Co. Forest City, PA

Wilmington Trust of Pennsylvania West Chester, PA

New Century Bank Phoenixville, PA

Prime Bank Philadelphia, PA

Footnotes

“Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an

institution’s examination is rescheduled for a date later than the end of the date range reflected in published schedule, the

institution’s name will be republished in an appropriated later listing. Any comments received as a result of either the

first publication or subsequent publications will be considered during the examination.”
District 4

Federal Reserve Bank of Cleveland

Applications and Notifications Filed During the Week of 05/16/98

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(3) Received application from Premier Financial Bancorp, on May 8, Newspaper - N/Avail

1998, to acquire The Bank of Philippi, Inc., Philippi, WV.

3(a)(3) Received application from Premier Financial Bancorp, on May 8, Newspaper - N/Avail

1998, to acquire Boone County Bank, Inc., Madison, WV.

4(c)(8) Received notification from FirstMerit Corporation, Akron, OH on Fed Reg - 6/3/98

May 13, 1998, to acquire Security First Corp., Mayfield Hts., OH.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

3(a)(1) Received notification by Combanc, Inc., Delphos, OH on May 14,

1998, to acquire The Commercial Bank, Delphos, OH.
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

2190521 Shore Bank & Trust Company 7/07/97 5/13/98 Outstanding Small Bank

540 E. 105th Street

Cleveland, OH 44108

Section VI - CRA examinations scheduled 3rd Quarter of 1998

Institution Location

Apollo Trust Company 201 N. Warren Avenue, Apollo, PA 15613-0247

Community First Bank & Trust 225 N. Main Street, Celina, OH 45822-2201

Iron & Glass Bank 1114 Carson Street, Pittsburgh, PA 15203-1124

The Farmers Citizens Bank Washington Square, Bucyrus, OH 44820

The Ohio Bank 236 S. Main Street, Findlay, OH 45840-0300

Sabina Bank 135 N. Howard Street, Sabina, OH 45169-1152

Shore Bank & Trust Company 540 E. 105th Street, Cleveland, OH 44108

Somerset Trust Company 151 W. Main Street, Somerset, PA 15501-0777
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of May 16, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch James Monroe Bank, Arlington, Virginia, an organizing commercial 6/1/98

bank, to operate a courier service to pick up non-cash deposits from

business customers at general locations throughout the Northern

Virginia area.*

Branch Triangle Bank, Raleigh, North Carolina, to establish a branch in the 6/6/98

Red & White supermarket at 3635 North Halifax Road, Dortches,

North Carolina.*

Branch Virginia Commerce Bank, Arlington, Virginia, to establish a branch 6/6/98

at 10777 Main Street, Fairfax, Virginia.*

Branch Bank of McKenney, McKenney, Virginia, to establish a branch at 6/8/98

20815 Chesterfield Plaza, Ettrick, Virginia.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Notice of Change in Control with respect to United Financial Newspaper - 5/27/98

Banking Companies, Inc., Vienna, Virginia, filed by Manuel V.

Fernandez.

3(a)(5) NationsBank Corporation, Charlotte, North Carolina, and Nations- Newspaper - 6/4/98

Bank (DE) Corporation, Charlotte, North Carolina (in organization), Fed Reg - N/Avail

to merge with BankAmerica Corporation, San Francisco, California.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

3(a)(1) Resource Bankshares Corporation, Virginia Beach, Virginia, to

become a bank holding company through the acquisition of 100%

of the voting shares of Resource Bank, Virginia Beach, Virginia.

4(c)(8) BB&T Corporation, Winston-Salem, North Carolina, to acquire

Dealers Credit, Incorporated, Menomonee, Wisconsin.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

1995.

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

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

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

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

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

353023 Johnsonville State Bank 3/9/98 5/16/98 Satisfactory Small Bank

127 South Georgetown Highway

Johnsonville, South Carolina 29555
Section VI - CRA examinations scheduled for Third Quarter of 1998

Institution Location

St. Michaels Bank St. Michaels, Maryland

Bank of Mecklenburg Charlotte, North Carolina

The Bank of Newberry County Newberry , South Carolina

United Bank Arlington, Virginia

Guaranty Bank Charlottesville, Virginia

F & M Bank-Emporia Emporia, Virginia

Miners and Merchants Bank and Trust Company Grundy, Virginia

The Bank of Charlotte County Phenix, Virginia

State Bank of Remington, (Incorporated) Remington, Virginia

Putnam County Bank Hurricane, West Virginia

Potomac Valley Bank Petersburg, West Virginia

The Pleasants County Bank St. Marys, West Virginia 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Auburn Bank, Auburn, Alabama, to establish a branch located at 04/13/98

3700 U.S. Highway 431 North, Phenix City, Alabama

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

Type Application comment period

Ending date of 

3(a)(1) First TeleBanc Corp., Sanford, Florida, to become a bank holding Fed Reg - 6/08/98

company by acquiring First National Bank, Boca Raton, Florida.*

3(a)(1) Florida Banks, Inc., Jacksonville, Florida, to become a bank Fed Reg - 6/12/98

holding company by acquiring First National Bank of Tampa,

Tampa, Florida.*

3(a)(3) First American Corporation, Nashville, Tennessee, to acquire Newspaper - 5/31/98

Peoples Bank, Dickson, Tennessee.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None
Section VI - CRA examinations scheduled for 3rd Quarter of 1998

Institution Location

SunTrust Bank, North Central Florida Ocala, Florida

SunTrust Bank, Gulf Coast Sarasota, Florida

First Southern Bank Boca Raton, Florida

Admiralty Bank Palm Beach Gardens, Florida

AuburnBank Auburn, Alabama

Bank of Alabama Birmingham, Alabama

First Commercial Bank –Cullman Good Hope, Alabama

AmSouth Bank Birmingham, Alabama

Central Bank Miami, Florida

Riverside Bank of the Gulf Coast Cape Coral, Florida

Provident Bank of Florida Sarasota, Florida

SunTrust Bank Atlanta, Georgia

First Newton Bank Covington, Georgia

Commercial Bank of Florida Miami, Florida

Community Bank of the Islands Sanibel, Florida

Bankers’ Bank Atlanta, Georgia
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) & Branches Huron Community Bank Newspaper - N/Avail

East Tawas, Michigan

 Lincoln & Harrisville branches of 

 First of America Bank, National Association

 Kalamazoo, Michigan

 327 Traverse Bay Road

 Lincoln, Michigan

 423 East Main Street

 Harrisville, Michigan

Newspaper - Newspaper Comment Period Ending Date

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

Type Application comment period

Ending date of 

3(a)(1) NW Bancorp, Inc.* Fed Reg - 5/26/98

Prospect Heights, Illinois Newspaper - 5/23/98

 Village Bank & Trust (in organization)

 North Barrington, Illinois

3(a)(3) Rigler Investment Co.* Fed Reg - 5/26/98

New Hampton, Iowa Newspaper - 6/5/98

 Figge Bancshares, Inc.

 Ossian, Iowa

 Ossian State Bank

 Ossian, Iowa

 Iowa State Bank

 Calmar, Iowa

3(a)(1) Town Bankshares, Ltd.* Fed Reg - 6/12/98

Delafield, Wisconsin Newspaper - N/Avail

 Delafield State Bank (in organization)

 Delafield, Wisconsin

CIC First of Waverly Corporation Fed Reg - 6/1/98

Waverly, Iowa Newspaper - N/Avail

 By First National Bank of Waverly Employee Stock Ownership
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

CIC Community Bancorp, Inc. Fed Reg - N/Avail

Norwalk, Wisconsin Newspaper - N/Avail

 By John D. Dreier

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available at this time

*Subject to the provisions of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Unionbancorp, Inc. Fed Reg - N/Avail

Ottawa, Illinois

 Sainet, an Internet Service Provider

 Streator, Illinois

Fed Reg - Federal Register Comment Period Ending Date

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

540542 G.W Jones Exchange Bank 1/20/98 5/12/98 Satisfactory Small Bank

115 W. Main Street

P.O. Box 246

Marcellus, Michigan 49067

(616) 646-2151
Section VI - CRA examinations scheduled for Third Quarter of 1998

Institution Location

First State Bank Brunsville, Iowa

Bankers Trust Company Des Moines, Iowa

Security State Bank Hartley, Iowa

Citizens Bank & Trust Company Hudson, Iowa

Le Mars Bank & Trust Company Le Mars, Iowa

Community Savings Bank Robins, Iowa

Firstar Bank - Chicago Chicago, Illinois

Pullman Bank & Trust Company Chicago, Illinois

NAB Bank (formerly New Asia) Chicago, Illinois

NorthSide Community Bank Gurnee, Illinois

Union Bank - Northwest Hanover, Illinois

Bank of Ladd Ladd, Illinois

Union Bank - West Macomb, Illinois

Peoples State Bank of Masfield Mansfield, Illinois

Union Bank - Central Priceton, Illinois

Bank of Lenawee Adrian, Michigan

NBD - Detroit Detroit, Michigan

F&M Bank - Brodhead Brodhead, Wisconsin

F&M Bank - East Troy East Troy, Wisconsin

F&M Bank - Prairie du Chien Prairie du Chien, Wisconsin

F&M Bank - Northeast Pulaski, Wisconsin
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Notice by Fifth Third Bank of Kentucky, Inc., Louisville, 1/12/98

Kentucky, to relocate its office at 4700 Bardstown Road,

Louisville, Kentucky, to 3801 South Hurstbourne Parkway,

Louisville, Kentucky.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(3) Notice by Central Bancompany, Inc., Jefferson City, Missouri, to Fed Reg - 6/12/98

acquire Higginsville Bancshares, Inc., Higginsville, Missouri.*

3(a)(3) Notice by Diamond Bancorp, Inc., Washington, Missouri, to Newspaper - 6/13/98

acquire an additional 1.47 percent, for total ownership of 5.87

percent, of the outstanding voting shares of Cardinal Bancorp II,

Inc., St. Louis, Missouri.*

3(a)(1) Notice by Great Southern Bancorp, Inc., Springfield, Missouri, to Fed Reg - 6/11/98

become a bank holding company upon the conversion of its wholly

owned thrift subsidiary, Great Southern Bank, FSB, Springfield,

Missouri, to a state-chartered bank to be titled Great Southern

Bank (Previously reported during the week of May 4, 1998).*

*Subject to the provisions of the Community Reinvestment Act.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Companion notice by Great Southern Bancorp, Inc., Springfield, Fed Reg - 6/11/98

Missouri, to retain its existing wholly owned subsidiary, Great

Southern Capital Management, Inc., Springfield, Missouri, and

thereby continue to engage in discount securities brokerage

activities and related investment advisory activities, pursuant to

Section 225.28(b)(7)(i) of Regulation Y (previously reported

during the week of May 4, 1998).

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None
Section VI - CRA examinations scheduled for 3rd Quarter of 1998

Institution Location

Pinnacle Bank Little Rock, Arkansas

Bank of Rogers Rogers, Arkansas

DuQuoin State Bank DuQuoin, Illinois

The Scott County State Bank Scottsburg, Indiana

Mid-America Bank of Louisville and Trust Louisville, Kentucky

Company

First Bank Creve Coeur, Missouri

Lindell Bank and Trust Company St. Louis, Missouri
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) First National Bank at St. James ESOP, St. James, Minnesota, for Fed Reg - 6/11/98

prior approval to increase its ownership interest to 24.2% of the

voting shares of First National Agency at St. James, Inc., St.

James, Minnesota.*

3(a)(3) U.S. Bancorp, Minneapolis, Minnesota, for prior approval to Fed Reg - 6/12/98

acquire at least 86.8% of the voting shares of Northwest

Bancshares, Inc., Vancouver, Washington.*

3(a)(3) Norwest Corporation, Minneapolis, Minnesota, for prior approval N/Avail

to acquire 100% of the voting shares of Little Mountain

Bancshares, Inc., Monticello, Minnesota.*

3(a)(3) Norwest Corporation, Minneapolis, Minnesota, for prior approval N/Avail

to acquire 100% of the voting shares of First Bancshares of Valley

City, Inc., Valley City, North Dakota.*

CIC William Bosshard to acquire control of 24.3% of the voting shares Fed Reg - 6/4/98

of Bosshard Banco Ltd., Las Crosse, Wisconsin.

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Norwest Corporation, Minneapolis, Minnesota, to engage in mortgage N/Avail

servicing activities through the acquisision of the mortgage business

of First National Bank of Monticello, Monticello, Minnesota.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Norwest Corporation, Minneapolis, Minnesota, to engage in general

insurance activities through the acquisition of Peoples Insurance

Agency, Inc., Valley City, North Dakota.

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

2265335 Community Bank-Missoula, Inc. 2/2/98 5/11/98 Satisfactory Small Bank

Missoula, MT
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 of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c)/ Branch WestStar Bank, Vail, Colorado, for prior approval to merge with Newspaper - N/Avail

Glenwood Independent Bank, Glenwood Springs, Colorado; and

incident thereto, to establish an additional branch.

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

Type Application comment period

Ending date of 

CIC/SR Ronald F. Tanner, Cornville, Arizona, and Rex K. Alexander, Newspaper - N/Avail

Tulsa, Oklahoma, for prior approval to acquire voting shares of Fed Reg - 06/03/98

BOC Bancshares, Inc., Chouteau, Oklahoma; and BOC

Bancshares, Inc., Chouteau, Oklahoma, to redeem 1,901 shares of

its own voting common stock.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

Member First Country Bank, Urich, Missouri, for membership in the Federal

Reserve System.
Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

The federal bank regulators use the following four performance levels to rate an institution’s performance under

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

85052 Uinta County State Bank 02/23/98 05/15/98 Substantial

128 N. Birch Street Noncompliance

Mountain View, Wyoming 82939
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Bank of Boulder Boulder, Colorado

The Citizens Bank Cortez, Colorado

Farmers State Bank Fort Morgan, Colorado

Union Colony Bank Greeley, Colorado

First Mountain Bank Leadville, Colorado

State Bank Lancaster, Kansas

Webb City Bank Webb City, Missouri

Bank of Hartington Hartington, Nebraska

First Security Bank Mitchell, Nebraska

First Nebraska Bank Valley, Nebraska

Bank of Chelsea Chelsea, Oklahoma

First American Bank & Tr Co. Purcell, Oklahoma

First State Bank Temple, Oklahoma

Citizens Bank Tulsa, Oklahoma

First State Bank Wheatland, Wyoming

Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an

institution’s examination is rescheduled for a date later than the end of the date range reflected in a published

scheduled, the institution’s name will be republished in an appropriate later listing. Any comments received as a

result of either the first publication or subsequent publications will be considered during the examination.
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 16, 1998

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) Sterling Bancshares, Inc., Houston, TX, to acquire Humble

National Bank, Humble, TX*

Fed Reg - 06/03/1998

Newspaper - 06/03/1998

* 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

3(a)(1) Wallis Bancshares, Inc., Wallis, TX, to acquire Wallis Nevada

Bancshares, Inc., Reno, NV, and Wallis State Bank, Wallis, TX

3(a)(1) Wallis Nevada Bancshares, Inc., Reno, NV, to acquire Wallis State

Bank, Wallis, TX
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's

performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

506557 Midland American Bank

401 West Texas Ave.

Suite 100

Midland, TX 79701

11/17/1997 05/16/1998 S X

Section VI – CRA examinations scheduled for Third Quarter of 1998

Institution Location

Texas First Bank

473266

3232 Palmer Hwy

Texas City, TX 77590

Central Bank

981257

300 DeSiard St.

Monroe, LA 71201

Texas Bank & Trust

829359

1999 Bryan St.

Dallas, TX 75201

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 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of May 16, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(1) UCBH Holdings, Inc., San Francisco, California, to become a Newspaper - 6/12/98

bank holding company by acquiring United Commercial Bank, Fed Reg N/Avail

San Francisco, California.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

Member Security Bank, Coos Bay, Oregon, Pacific State Bank, Reedsport, None

Oregon, and Lincoln Security Bank, Newport, Oregon, to become

members of the Federal Reserve System.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of

Waiver Zions Bancorporation, Salt Lake City, Utah, requests a waiver of None

any Bank Holding Company Act application requirement in

connection with its proposed acquisition and merger, through its

wholly-owned subsidiary, Grossmont Bank, San Diego, California,

of The Sumitomo Bank of California, San Francisco, California.

3(a)(5) Valley Community Bancshares, Inc., Puyallup, Washington, to None

become a bank holding company by acquiring Puyallup Valley

Bank, Puyallup, Washington.

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

877967 Tehama Bank 10/20/97 5/11/98 S X

239 S. Main Street

P.O. Box 568

Red Bluff, CA 96080-0890

(916) 528-3000

Footnotes: 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 Quarter of

Institution Location

None