Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 19

Week Ending May 6, 2000

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions April 30, 2000 to May 6, 2000

Testimony And Statements

Payment of interest on reserve balances -- statement by Governor Meyer before the 

House Committee on Banking and Financial Services, May 3, 2000.

- Published, May 3, 2000 

Bank Holding Companies

The Charles Schwab Corporation, San Francisco, California -- to become a bank 

holding company through the acquisition of U.S. Trust Corporation, New York, 

New York, and its bank and nonbank subsidiaries, and to become a financial holding 

company after the acquisition.

- Approved, May 1, 2000 

Board Operations

Officer Appointment -- appointment of David J. Stockton as Director of the Division 

of Research and Statistics.

- Approved, May 3, 2000 

(AC) = Addition or Correction Board - Page 1 of 1
April 30, 2000 to May 6, 2000

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

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 1700 South East 

17th Street, Ocala, Florida.

- Approved, April 28, 2000 (AC)

Secretary

AmSouth Bank, Birmingham, Alabama -- to establish branches at 3942 Government 

Boulevard, Mobile, and 5115 South Dale Mabry Highway, Tampa, Florida.

- Approved, May 5, 2000 

Secretary

Libertyville Bank & Trust Company, Libertyville, Illinois -- to establish a branch at 

1180 Dato Lane, Wauconda.

- Approved, May 1, 2000 

Chicago

National City Bank of Pennsylvania, Pittsburgh, Pennsylvania -- to establish a branch 

in Grand Cayman, Cayman Islands, British West Indies.

- Approved, May 3, 2000 

Cleveland

One Bank and Trust, Little Rock, Arkansas -- to establish a branch at 5756 Highway 

9, Center Ridge.

- Withdrawn, May 3, 2000 

St. Louis

Bank Holding Companies

Bank of the Sierra, Porterville, California -- waiver of the application requirement in 

connection with its proposed merger with Sierra National Bank, Tehachapi, and 

grant of one year to divest its equity interest in Pacific Coast Bankers' Bancshares, 

San Francisco, which would exceed 5 percent of Bancshares' outstanding voting 

shares when the merging banks' separately owned equity interests are aggregated.

- Approved, April 26, 2000 (AC)

San Francisco

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority April 30, 2000 to May 6, 2000

Bank Holding Companies

BOE Financial Services of Virginia, Inc., Tappahannock, Virginia -- to become a 

bank holding company through the acquisition of Bank of Essex.

- Approved, May 3, 2000 

Richmond

The Business Banc Group, Ltd., Brookfield, Wisconsin; and First Business 

Bancshares, Inc., Madison -- for The Business Banc Group, Ltd. to become a bank 

holding company through the acquisition of First Business Bank-Milwaukee, 

Brookfield, a de novo bank; and for First Business Bancshares to acquire shares of 

The Business Banc Group and thereby acquire First Business Bank-Milwaukee.

- Approved, May 4, 2000 

Chicago

Business Bancorporation, Inc., Minnetonka, Minnesota -- to become a bank holding 

company through the acquisition of The Business Bank.

- Approved, May 4, 2000 

Minneapolis

Central Financial Corporation, Hutchinson, Kansas -- to acquire shares of MidAmerica Bancorp, Inc., Jewell, and thereby acquire Heartland Bank N.A.

- Approved, May 4, 2000 

Kansas City

ColoEast Bankshares, Inc., Lamar, Colorado -- to acquire shares of Citizens Holding 

Corporation, Keenesburg.

- Approved, May 4, 2000 

Kansas City

Community Pride Bank Corporation, Ham Lake, Minnesota -- to become a bank 

holding company through the acquisition of Community Pride Bank.

- Approved, May 5, 2000 

Minneapolis

First Business Bancshares, Inc., Madison, Wisconsin -- to acquire shares of The 

Business Banc Group, Ltd., Brookfield, Wisconsin, and thereby acquire First 

Business Bank-Milwaukee, a de novo bank.

- Approved, May 4, 2000 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority April 30, 2000 to May 6, 2000

Bank Holding Companies

First Merchants Corporation, Muncie, Indiana -- to acquire shares of Independent 

Bankers Life Reinsurance Company of Indiana, Ltd., and thereby engage in 

reinsuring credit insurance, and to acquire shares of Decatur Financial, Inc., Decatur, 

and thereby acquire Decatur Bank and Trust Company.

- Approved, May 4, 2000 

Chicago

Florida Community Bancshares, Inc., Ocala, Florida -- to become a bank holding 

company through the acquisition of Community Bank of Marion County.

- Approved, May 4, 2000 

Atlanta

Ipswich Bancshares, Inc., Ipswich, Massachusetts -- to redeem and repurchase shares.

- Approved, April 20, 2000 (AC)

Boston

Leacko Bank Holding Company, Inc., Wolsey, South Dakota -- to acquire C & L 

Investment Company, Inc., Miller.

- Approved, May 3, 2000 

Minneapolis

Midland States Bancorp, Inc., Effingham, Illinois -- to acquire CSB Financial Group, 

Inc., Centralia, and thereby acquire Centralia Savings Bank.

- Approved, May 1, 2000 

St. Louis

Oswego Community Bank Employee Stock Ownership Plan, Oswego, Illinois -- to 

become a bank holding company through the retention and acquisition of shares of 

Oswego Bancshares, Inc. and Oswego Community Bank.

- Approved, May 2, 2000 

Chicago

PNC Bank, N.A., Pittsburgh, Pennsylvania, and PNC Capital Leasing, LLC, 

Wilmington, Delaware -- waiver of notification period to invest in an entity that 

would engage in overseas leasing activities.

- Granted, May 2, 2000 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority April 30, 2000 to May 6, 2000

Bank Holding Companies

Shamrock Bancshares, Inc., Coalgate, Oklahoma -- to acquire First Bank of Apache, 

Apache.

- Approved, May 3, 2000 

Kansas City

Bank Mergers

FNB Southeast, Reidsville, North Carolina -- to merge with Black Diamond Savings 

Bank, F.S.B., Norton, Virginia.

- Approved, May 2, 2000 

Richmond

Harris Trust/Bank of Montreal, West Palm Beach, Florida -- to merge with Village 

Banc of Naples, Naples, and thereby establish branches at 4040 Gulf Shore 

Boulevard North, Naples, and 15221 Tamiami Trail South, Fort Meyers.

- Approved, May 1, 2000 

Chicago

Banks, Foreign

Chinatrust Bank (U.S.A.), Torrance, California -- relief from commitments in 

connection with the acquisition of Trans Bankcorp, Inc., Monterey Park, California, 

by China Trust Holdings N.V., Curacao, Netherlands Antilles; China Trust Capital 

B.V., Amsterdam, The Netherlands; and China Trust Holdings Corp., New York, 

New York.

- Granted, May 5, 2000 

Director, BS&R

Change In Bank Control

Corn Belt Bancorporation, Lincoln, Nebraska -- change in bank control.

- Permitted, May 4, 2000 

Chicago

Grayco Bancshares, Inc., McLean, Texas -- change in bank control.

- Permitted, May 1, 2000 

Dallas

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority April 30, 2000 to May 6, 2000

Change In Bank Control

Latah Bancorporation, Inc., Latah, Washington -- change in bank control.

- Permitted, May 4, 2000 

San Francisco

Norkitt Bancorp, Inc., Hallock, Minnesota -- change in bank control.

- Permitted, May 5, 2000 

Minneapolis

Parish Bank and Trust Company, Momence, Illinois -- change in bank control.

- Permitted, May 4, 2000 

Chicago

Competitive Factors Reports

American State Bank, Wessington Springs, South Dakota -- report on competitive 

factors of the proposed merger with Hand County State Bank, Miller.

- Submitted, May 3, 2000 

Minneapolis

Carolina First Bank, Greenville, South Carolina -- report on competitive factors of 

the proposed merger with Anchor Bank, Myrtle Beach.

- Submitted, May 2, 2000 

Richmond

The Empire National Bank of Traverse City, Traverse City, Michigan -- report on 

competitive factors of the proposed merger with Huntington National Bank, 

Columbus, Ohio.

- Submitted, May 2, 2000 

Cleveland

Fidelity State Bank of Hector, Hector, Minnesota -- report on competitive factors of 

the proposed merger with Fidelity State Bank of Fairfax, Fairfax.

- Submitted, May 1, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority April 30, 2000 to May 6, 2000

Competitive Factors Reports

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

proposed merger with Citizens National Bank, Victoria.

- Submitted, May 5, 2000 

Dallas

Harris Trust/Bank of Montreal Interim Florida, Naples, Florida, a de novo bank -- 

report on competitive factors of the proposed merger with Village Bank of Naples.

- Submitted, May 2, 2000 

Chicago

Monroe Bank & Trust, Monroe, Michigan -- report on competitive factors of the 

proposed merger with Monroe Interim Bank.

- Submitted, May 3, 2000 

Chicago

National Bank of Mount Vernon, Mount Vernon, Missouri -- report on competitive 

factors of the proposed purchase of the Marionville branch of Commerce Bank, 

N.A., Kansas City.

- Submitted, May 2, 2000 

St. Louis

Wells Fargo Bank Texas, N.A., San Antonio, Texas -- report on competitive factors 

of the proposed merger with Prime Bank, Houston.

- Submitted, May 1, 2000 

San Francisco

The Westwood Homestead Savings Bank, Cincinnati, Ohio -- report on competitive 

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

branch of Clermont Savings Bank, FSB, Milford.

- Submitted, May 2, 2000 

Cleveland

Extensions Of Time

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- extension to July 28, 2000, to 

acquire shares of Chester Valley Bancorp, Inc., a thrift holding company.

- Granted, April 27, 2000 (AC)

Philadelphia

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority April 30, 2000 to May 6, 2000

Extensions Of Time

Cortez Investment Company, Cortez, Colorado -- extension to October 31, 2000, to 

acquire The Citizens State Bank of Cortez.

- Granted, May 4, 2000 

Kansas City

FleetBoston Financial Corporation, Boston, Massachusetts -- extension to July 21, 

2000, to complete the divestiture of four branches.

- Granted, May 4, 2000 

Director, BS&R

Great Southern Capital Corporation Employee Stock Ownership Trust, Meridian, 

Mississippi -- extension to August 4, 2000, to acquire shares of Great Southern 

Capital Corporation.

- Granted, May 3, 2000 

Atlanta

Membership

Bank South, Tulsa, Oklahoma -- to become a member of the Federal Reserve System 

after conversion to a state chartered bank.

- Approved, May 5, 2000 

Kansas City

(AC) = Addition or Correction Delegated - Page 7 of 7
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 6, 2000

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

4(c)(8)

225.28(b)(6)

Washington Trust Bancorp, Inc., Providence, Rhode Island - to

acquire Phoenix Investment Management Company, Inc., and

thereby engage in investment advisory activities

Fed Reg - 05/26/2000

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, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Credit Commercial de France, Paris, France, to establish a

representative office in New York, New York.

Newspaper – N/Avail

FBSEA Banco Comercial Portugues, S.A., Porto, Portugal, to establish a

representative office in Miami, Florida.

Newspaper – N/Avail

FBSEA Arab Banking Corporation (B.S.C.), Manama, Bahrain, to

establish a federally licensed uninsured branch in Greenwich,

Connecticut.

Newspaper – N/Avail

FBSEA The Chuo Trust & Banking Co., Ltd., Tokyo, Japan, to establish

a representative office in New York, New York.

Newspaper – N/Avail

FBSEA Banco Itau S.A., Sao Paulo, Brazil, to establish a representative

office in Miami, Florida.

Newspaper – N/Avail

FBSEA Banca Antoniana Popolare Veneta, Rome, Italy, to establish a

branch office in New York, New York.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Riegle Monmouth Community Bancorp, Long Branch, New Jersey, to

form a one-bank holding company with respect to Monmouth

Community Bank, Long Branch, New Jersey.*

* Subject to the provisions of the Community Reinvestment Act

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, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Pennsylvania State Bank, Camp Hill, PA to establish a branch

office at 715 Wertzville Road, East Pennsboro Township,

Cumberland Co, Enola, PA.

05/16/2000

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, May 6, 2000

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) Received application from Thoocon, Inc., Somerset, KY on

05/03/2000 to acquireFirst Commerce Bancorp, Inc, Somerset,

KY.

Newspaper: 05/08/2000

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

25 Received notice from PNC Bank, NA, Pittsburgh, PA on

05/04/2000 of its intent to invest approximately $93.4 million

through PNC Capital Leasing, LLC in Delaware business trusts

whose sole activity will be to serve as owner lessor of certain

assets purchased and leased back to the original European

owners.

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Mid State Bank, Newberry, South Carolina, to acquire

certain assets and assume certain liabilities of the Saluda,

South Carolina, branch of Anchor Bank, Myrtle Beach,

South Carolina, and the Prosperity, South Carolina,

branch of Carolina First Bank, Greenville, South Carolina.*

N/Avail

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

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

3(a)(1) CNB Financial Services, Inc., Berkeley Springs, West Virginia,

to become a bank holding company through the acquisition of

100% of the voting shares of Citizens National Bank of

Berkeley Springs, Berkeley Springs, West Virginia.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Compass Bank, Birmingham, Alabama, to merge with Founders

Bank of Arizona, Scottsdale, Arizona.

05/28/2000*

Branch Republic Security Bank, West Palm Beach, Florida, to establish

a branch located at 450 North Pine Island Road, Plantation,

Florida.

05/22/2000*

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(5) Compass Bancshares, Inc., Birmingham, Alabama, to merge

with Founders Bancorp, Inc., Scottsdale, Arizona, and thereby

acquire Founders Bank of Arizona, Scottsdale, Arizona.

Newspaper –05/28/2000*

3(a)(1) North Georgia Community Financial Partners, Inc., Calhoun,

Georgia, to become a bank holding company by acquiring North

Georgia National Bank, Calhoun, Georgia.

Newspaper –05/26/2000*

3(a)(3) Synovus Financial Corp., Columbus, Georgia, to acquire

pointpathbank, N.A., Columbus, Georgia (in organization).

Newspaper –05/30/2000*

3(a)(1) City Savings Bancshares, Inc., DeRidder, Louisiana, to become

a bank holding company by acquiring City Savings Bank &

Trust Company DeRidder, Louisiana.

Not yet available*

CIC Plaquemine Bancshares Corporation, Plaquemine, Louisiana,

after-the-fact notification filed by Stephen Panepinto to retain an

additional 0.4716 percent of the outstanding shares of

Plaquemine Bancshares Corporation, Plaquemine, Louisiana.

Total ownership will be 31.3236 percent.

Fed Reg - 05/25/2000

CIC South Louisiana Financial Corporation, Houma, Louisiana, prior

notification filed by Francis O. Bourg, Jr., Francis O. Bourg, III,

Augustine Bourg Taylor, Josephine Bourg Junot, and Dean Paul

Chauvin, Jr., to collectively acquire 8.897 percent of the

outstanding shares of South Louisiana Financial Corporation.

Pro format total ownership will be 15.77 percent and will not

exceed 24.99 percent as a result of any future active or passive

acquisition of shares.

Not yet available
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) Commercial Capital Corporation, DeKalb, Mississippi, prior

notice to engage in making, acquiring, brokering, or servicing

loans or other extensions of credit.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Irwin Union Bank and Trust Company, Columbus, Indiana, for

prior approval to establish a branch office at 880 Munson Drive,

Suite A, Traverse City, Michigan.*

Newspaper - 05/18/2000

Branch Libertyville Bank & Trust Company, Libertyville, Illinois, for

prior approval to establish a branch at 495 W. Liberty Street,

Wauconda, Illinois.*

Newspaper - 04/24/2000

* 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)(1) Ledyard Bancorporation, Inc., Ledyard, Iowa, proposes to

become a bank holding company by acquiring 97.45% of State

Bank of Ledyard, Ledyard, Iowa.*

Fed Reg - 06/01/2000

Newspaper - N/Avail

3(a)(1) Community Investment Group, Ltd., Havana, Illinois, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of The Havana

National Bank, Havana, Illinois.*

Fed Reg - 06/02/2000

Newspaper - 05/29/2000

3(a)(3) Firstbank Corporation, Alma, Michigan, for prior approval to

acquire 100 percent of the voting shares of Firstbank-St. Johns

(in organization), St. Johns, Michigan.*

Fed Reg - 05/15/2000

Newspaper - 05/23/2000

* 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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Notice by Effingham State Bank, Effingham, Illinois, to merge

with Centralia Savings Bank, Centralia, Illinois.

5/30/2000

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

Type Application

Ending date of

comment period

CIC Notice involving First Community Bancshares, Inc., Batesville,

Arkansas, by Milford N. Osborne, Texarkana, Arkansas, to

individually acquire up to 12.63 percent of the outstanding

voting shares; and for a family control group consisting of

Milford N. and Edith Osborne, Texarkana, Arkansas, and

Richard and Sheila Wagnon, Batesville, Arkansas, to acquire up

to an aggregate 15.38 percent of the outstanding voting shares.

(Previously reported during the week ending April 29, 2000)

Newspaper – 5/30/2000

Fed Reg – 5/19/2000

4(c)(8) Notice by Lima Bancshares, Inc., Lima, Illinois, for retroactive

approval to retain its existing ownership interest in East

Dubuque Bancshares, Inc., East Dubuque, Illinois, after the

conversion of that company’s wholly owned subsidiary, East

Dubuque Savings Bank, East Dubuque, Illinois, from a statechartered commercial bank to a federally-chartered savings

bank.*

Newspaper – 6/9/2000

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) Notice by Area Bancshares, Inc., Owensboro, Kentucky, to

establish a wholly owned nonbank subsidiary, Area Trust

Company, Owensboro, Kentucky, and thereby engage in trust

company activities.

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

Type Application

Ending date of

comment period

4(c)(8) Notice by Summit Bancorp, Inc., Arkadelphia, Arkansas, to

establish a wholly owned subsidiary, Summit Residential

Services, Inc., Arkadelphia, Arkansas, and thereby engage in

community development activities.

N/Avail.

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

Type Application

Member Notice by The Bank of Lyon County, Eddyville, Kentucky, to

become a state-chartered member of the Federal Reserve

System. In connection with this transaction, the bank will be

renamed and relocated to Area Bank, Owensboro, Kentucky.

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, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

BKBRX First Interstate Bank, Billings, Montana, to establish a branch at

Wicks and Main Street, Billings, Montana.*

05/03/2000

*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)(1) NASB Shares, Inc., Belgrade, Minnesota, for prior approval to

become a bank holding company through the acquisition of

100% of the voting shares of North American State Bank,

Belgrade, Minnesota.*

Newspaper – 06/02/2000

*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)LLE NASB Shares, Inc., Belgrade, Minnesota, to engage in general

insurance agency activities in a place with a population not

exceeding 5,000 through the acquisition of Borgerding

Insurance Agency, Inc., Belgrade, Minnesota.

06/01/2000

4(c)(8)LLE Ellingson Corporation, Kenyon, Minnesota, to engage in general

insurance agency activities in a place with a population not

exceeding 5,000 through the acquisition of the Peterson

Insurance Agency, Kenyon, Minnesota.

05/22/2000
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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Citizens Bank and Trust Company, Okmulgee, Oklahoma, for

prior approval to establish a branch at 2401 East Hancock,

Muskogee, Oklahoma.

Newspaper – 05/13/2000

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

Type Application

Ending date of

comment period

3(a)(1) First Liberty Capital Corporation, ESOP, Hugo, Colorado, for

prior approval to become a bank holding company through the

acquisition of 25.37 percent of the voting shares of First Liberty

Capital Corporation, Hugo, Colorado, and thereby indirectly

acquire First National Bank of Hugo, Hugo, Colorado

Newspaper – 05/13/2000

FedReg – 05/15/2000

CIC Robert and Michelle Sullivan; Michael and Nancy Van Cleef, all

of Carleton, Nebraska, for prior approval to acquire voting

shares of Carleton Agency, Inc., Carleton, Nebraska, and

thereby indirectly acquire Citizens State Bank, Carleton,

Nebraska.

Newspaper – 05/17/2000

FedReg – N/Available

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 6, 2000

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 Robert B. Mathieu, Delhi, LA, only notificant, to acquire an

interest in Delhi Bancshares, Inc., Delhi, LA

Fed Reg – 05/25/2000

Newspaper – 05/20/2000

3(a)(5) Plains Bancorp, Inc., Lubbock, TX, to acquire

Sudan Bancshares, Inc., Sudan, TX, and

First National Bank, Sudan, TX*

Fed Reg – 06/05/2000

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(1) Starbanc Holding Company, Inc., Fort Worth, TX, to acquire

Star Bank of Texas, Fort Worth, TX*

*Subject to the provisions of the Community Reinvestment Act
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, May 6, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Cache Valley Bank, Logan, Utah, to establish a branch office at

1710 North Main Street, North Logan, Utah. *

Newspaper - 04/30/2000

Branch United Security Bank, Fresno, California, to establish a branch

office at 318 Diablo Road, Danville, California. *

Newspaper - 05/07/2000

Branch Bank of Orange County, Fountain Valley, California, to

establish a branch office at 12215 Telegraph Road, Santa Fe

Springs, California. *

Newspaper - 05/19/2000

Branch California Center Bank, Los Angeles, California, to establish a

branch office at 1080 South Mount Vernon Avenue, Colton,

California. *

Newspaper - 05/20/2000

Branch Nevada First Bank, Las Vegas, Nevada, to establish a branch

office at 460 Stephanie Street, Henderson, Nevada. *

Newspaper - 05/29/2000

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) Eggemeyer Advisory Corp., WJR Corp., Castle Creek Capital

LLC, Castle Creek Partners Fund IIa, LP, Castle Creek Partners

Fund IIb, LP, and Castle Creek Partners Fund I, LP, all of

Rancho Santa Fe, California, to directly and indirectly acquire

up to 34.9 percent of State National Bancshares, Lubbock,

Texas. *

Newspaper - 05/24/2000

Fed Reg - 05/26/2000

3(a)(3) Westamerica Bancorporation, San Rafael, California, to acquire

First Counties Bank, Clearlake, California. *

Newspaper - N/Avail

Fed Reg - 06/05/2000

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

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(5)(C) Merchants Bancorp, Gresham, Oregon, to become a bank

holding company by acquiring The Merchants Bank, Gresham,

Oregon.

Member Network Bank USA, Ontario, California, to become a member

of the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None