Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 37 

Week Ending September 14, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions September 8, 2002 to September 14, 2002 

Testimony And Statements 

Current Fiscal Issues -- statement by Chairman Greenspan before the House Committee 

on the Budget. 

- Published, September 12, 2002 

Forms 

Forms -- extension without revision of the Recordkeeping, Reporting and Disclosure 

Requirements of Regulation BB (Community Reinvestment Act). 

- Approved, September 6, 2002 (AC) 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

St. Louis 

First State Bank of DeQueen, DeQueen, Arkansas -- to establish a branch at 3402 

North Camellia Street, Lockesburg. 

- Approved, September 10, 2002 

Chicago 

Johnson Bank, Racine, Wisconsin -- to establish a branch at 3801 North Wright Road, 

Janesville. 

- Approved, September 11, 2002 

Cleveland 

The North Side Bank and Trust Company, Cincinnati, Ohio -- to establish a branch at the 

intersection of Sheperd Lane and Union Centre Road, West Chester. 

- Approved, September 9, 2002 

Cleveland 

The North Side Bank and Trust Company, Cincinnati, Ohio -- to establish a branch at 

11628 Springfield Pike, Springdale. 

- Approved, September 11, 2002 

Atlanta 

Riverside Bank of the Gulf Coast, Cape Coral, Florida -- to establish a branch at 4707 

Southeast Ninth Place. 

- Approved, September 12, 2002 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 320 South Alafaya 

Trail, Orlando, Florida. 

- Approved, September 12, 2002 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 4303 U.S. Highway 27, 

Clermont, Florida. 

- Approved, September 11, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Bank Holding Companies 

Kansas City 

Adbanc, Inc., Ogallala, Nebraska -- to acquire shares of VBI, Inc., Colorado Springs, 

Colorado. 

- Withdrawn, September 10, 2002 

Chicago 

Bement Bancshares, Inc., Bement, Illinois -- to acquire CGB&L Financial Group, Inc., 

Cerro Gordo, and thereby acquire Cerro Gordo Building and Loan, S.B. 

- Approved, September 9, 2002 

Richmond 

Cecil Bancorp, Inc., Elkton, Maryland -- to become a bank holding company through the 

acquisition of Cecil Federal Bank, and for Cecil Federal Bank to become a member of 

the Federal Reserve System. 

- Approved, September 12, 2002 

Atlanta 

Chestatee Bancshares, Inc., Dawsonville, Georgia -- to continue to engage in financial 

planning and financial product sales through Chestatee Financial Services, Inc. and in 

mortgage and loan origination through Chestatee Residential Mortgage, Inc. 

- Withdrawn, September 11, 2002 

Kansas City 

Commercial Bancorp, Pine Bluffs, Wyoming -- to become a bank holding company 

through the acquisition of Farmers State Bank, and election to become a financial holding 

company. 

- Approved, September 11, 2002 

Atlanta 

First Bank of Miami Shares, Inc., Coral Gables, Florida -- to become a bank holding 

company through the acquisition of First Bank of Miami, Miami. 

- Approved, September 12, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Bank Holding Companies 

Richmond 

First Citizens Bancorporation of South Carolina, Inc., Columbia, South Carolina -- to 

merge with C B Financial Corp., Warrenton, Georgia, and thereby indirectly acquire 

Citizens Bank. 

- Approved, September 12, 2002 

Minneapolis 

First Sleepy Eye Bancorporation, Inc., Sioux Falls, South Dakota -- to acquire shares of 

Stearns Bank Canby National Association, Canby, Minnesota. 

- Approved, September 13, 2002 

Atlanta 

Generations Bancshares, Inc., Blairsville, Georgia -- to become a bank holding company 

through the acquisition of Generations Bank, Blairsville, a de novo bank. 

- Approved, September 9, 2002 

Richmond 

Guaranty Financial Services, Inc., Huntington, West, Virginia -- to become a bank 

holding company through the acquisition of Guaranty Bank & Trust Company. 

- Approved, September 13, 2002 

Kansas City 

Lauritzen Corporation, Omaha, Nebraska -- to acquire shares of First National of 

Nebraska, Inc. 

- Approved, September 9, 2002 

St. Louis 

Rockhold Bancorp, Kirksville, Missouri -- to increase its ownership interest in La Plata 

Bancshares, Inc., La Plata. 

- Approved, September 9, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Bank Holding Companies 

St. Louis 

State Bank & Trust Company Employee Stock Ownership Plan, Greenwood, 

Mississippi -- to become a bank holding company through the acquisition of shares of 

State Capital Corporation and the indirect acquisition of its subsidiary bank, State Bank 

& Trust Company, Cleveland; to acquire shares of Mississippi Southern Bank, Port 

Gibson; and for State Capital Corporation to acquire shares of Mississippi Southern 

Bank. 

- Approved, September 13, 2002 

San Francisco 

SunFirst Corporation, St. George, Utah -- to become a bank holding company through 

the acquisition of SunFirst Bank. 

- Returned, September 11, 2002 

San Francisco 

TODAY'S BANCORP, Inc., Vancouver, Washington -- to become a bank holding 

company through the acquisition of TODAY'S BANK, and election to become a financial 

holding company. 

- Approved, September 11, 2002 

Bank Mergers 

Chicago 

Johnson Bank, Racine, Wisconsin -- to merge with Capital Bank, Green Bay, and 

establish branches at 455 Riverdale Drive, Green Bay, and 840 Main Avenue, DePere. 

- Approved, September 9, 2002 

Kansas City 

Pinnacle Bank, Papillion, Nebraska -- to merge with The Wymore State Bank, Wymore, 

and establish a branch. 

- Approved, September 11, 2002 

Banks, Nonmember, And Miscellaneous Institutions 

Cleveland 

KRM Holdings, Inc., Albany, New York -- to make an additional investment in its 

subsidiary, KRM Leasing, Ltd., Hamilton, Bermuda. 

- Approved, September 11, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Banks, State Member 

New York 

The Bank of New York, New York, New York -- to acquire Lockwood Insurance, 

Inc., Malvern, Pennsylvania, through the acquisition of LFG, Inc. and Electronic Managed 

Account Technologies, Inc., subsidiaries of Lockwood Financial Group II, LLC. 

- Withdrawn, September 13, 2002 

Change In Bank Control 

Minneapolis 

Chippewa Valley Agency, Ltd., Winter, Wisconsin -- change in bank control. 

- Permitted, September 10, 2002 

Kansas City 

Consolidated Equity Corporation, Purcell, Oklahoma -- change in bank control. 

- Permitted, September 10, 2002 

Minneapolis 

First Southwest Bancorporation, Bismarck, North Dakota -- change in bank control. 

- Permitted, September 10, 2002 

Atlanta 

Liberty Shares, Inc., Hinesville, Georgia -- change in bank control. 

- Permitted, September 13, 2002 

Competitive Factors Reports 

Chicago 

The American Bank, Cerro Gordo, Illinois -- report on competitive factors of the 

proposed merger with Cerro Gordo Building and Loan, S.B. 

- Submitted, September 10, 2002 

Atlanta 

Bank of Upson, Thomaston, Georgia -- report on competitive factors of the proposed 

purchase of certain assets and assumption of deposit liabilities of the Luthersville branch 

of Bank of Coweta, Newman. 

- Submitted, September 11, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Competitive Factors Reports 

Richmond 

Bradford Bank, Baltimore, Maryland -- report on competitive factors of the proposed 

merger with Wyman Park Federal Savings and Loan Association, Lutherville. 

- Submitted, September 11, 2002 

Richmond 

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

proposed merger with Rock Hill Bank and Trust, Rock Hill. 

- Submitted, September 13, 2002 

Atlanta 

CenterState Bank of Florida, Winter Haven, Florida -- report on competitive factors of 

the proposed merger with CenterState Interim Bank. 

- Submitted, September 11, 2002 

Minneapolis 

Citizens Community Federal, Altoona, Wisconsin -- report on competitive factors of the 

proposed acquisition of The Chippewa Falls branch of American Bank, Eau Claire. 

- Submitted, September 11, 2002 

Secretary 

City National Bank, Beverly Hills, California -- report on competitive factors of the 

proposed purchase of certain assets and assumption of certain liabilities of the Newburgh, 

New York, branch of Fleet National Bank, Providence, Rhode Island. 

- Submitted, September 11, 2002 

Cleveland 

The Clarksburg Commercial Bank, Clarksburg, Ohio -- report on competitive factors of 

the proposed merger with CCB Interim Bank. 

- Submitted, September 13, 2002 

Atlanta 

Commercebank, National Association, Coral Gables, Florida -- report on competitive 

factors of the proposed merger with the Coral Gables and New York, New York, 

agencies of Banco Mercantil, C.A. (Banco Universal), Caracas, Venezuela, through a 

corporate reorganization. 

- Submitted, September 11, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Competitive Factors Reports 

San Francisco 

First Community Bank of Washington, Lacey, Washington -- report on competitive 

factors of the proposed merger with Harbor Bank, N.A., Gig Harbor. 

- Submitted, September 9, 2002 

Cleveland 

First National Bank of Pennsylvania, Greenville, Pennsylvania -- report on competitive 

factors of the proposed merger with Metropolitan National Bank, Youngstown, Ohio. 

- Submitted, September 13, 2002 

Kansas City 

First State Bank, Grandfield, Oklahoma -- report on competitive factors of the proposed 

purchase of certain assets and assumption of certain liabilities of the Davidson branch of 

Bank 2, Oklahoma City. 

- Submitted, September 10, 2002 

Secretary 

First-Citizens Bank and Trust Company of South Carolina, Columbia, South Carolina --

report on competitive factors of the proposed acquisition of assets and assumption of 

liabilities of the Timmonsville and Dillon branches of RBC Centura Bank, Rocky Mount, 

North Carolina. 

- Submitted, September 11, 2002 

Philadelphia 

Keystone Savings Bank, Bethlehem, Pennsylvania -- report on competitive factors of the 

proposed merger with Keystone Interim One and Keystone Interim Two. 

- Submitted, September 13, 2002 

New York 

Panasia Bank, National Association, Fort Lee, New Jersey -- report on competitive 

factors of the proposed purchase of certain assets and acquisition of certain liabilities of 

the Elkins Park, Pennsylvania, branch of Wilmington Savings Fund Society, FSB, 

Wilmington, Delaware. 

- Submitted, September 12, 2002 

(AC) = Addition or Correction Delegated - Page 7 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Competitive Factors Reports 

San Francisco 

Provident Savings, F.S.B., Riverside, California -- report on competitive factors of the 

proposed acquisition of the Sun City branch of Valley Bank, Moreno Valley. 

- Submitted, September 11, 2002 

San Francisco 

Silvergate Bank, La Mesa, California -- report on competitive factors of the proposed 

acquisition of the Lancaster and Riverside branches of Humboldt Bank, Eureka. 

- Submitted, September 10, 2002 

Secretary 

Southern Bank and Trust Company, Mount Olive, North Carolina -- report on 

competitive factors of the proposed acquisition of assets and assumption of liabilities of 

the Scotland Neck branch of RBC Centura Bank, Rocky Mount. 

- Submitted, September 11, 2002 

San Francisco 

United Commercial Bank, San Francisco, California -- report on competitive factors of 

the proposed merger with Bank of Canton of California. 

- Submitted, September 9, 2002 

Secretary 

Wells Fargo Bank South Dakota, National Association, Sioux Falls, South Dakota --

report on competitive factors of the proposed merger with Marquette Trust Company of 

South Dakota, National Association. 

- Submitted, September 12, 2002 

Secretary 

Wyoming County Bank, Warsaw, New York -- report on competitive factors of the 

proposed purchase of three branches of The Pavilion State Bank, Pavilion. 

- Submitted, September 11, 2002 

(AC) = Addition or Correction Delegated - Page 8 of 9 
H.2 Actions under delegated authority September 8, 2002 to September 14, 2002 

Extensions Of Time 

Dallas 

Atlanta 

Atlanta 

Atlanta 

A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to December 13, 2002, to 

acquire shares of The ANB Corporation and its subsidiary, ANB Delaware Corporation, 

and American National Bank. 

- Granted, September 13, 2002 

Compass Bank, Birmingham, Alabama -- extension to September 17, 2003, to establish 

branches at the intersections of Chandler Boulevard and North Price Road, Chandler, 

Arizona, and Preston and Stone Crest Roads, Frisco, Texas. 

- Granted, September 12, 2002 

F.N.B. Corporation, Naples, Florida -- extension to January 4, 2003, to acquire shares 

of Sun Bancorp, Inc., Selinsgrove, Pennsylvania, and indirectly acquire its subsidiary, Sun 

Bank. 

- Granted, September 12, 2002 

Pointe Bank, Boca Raton, Florida -- extension to September 19, 2003, to establish a 

branch at 500 South Pointe Drive, Miami Beach. 

- Granted, September 12, 2002 

International Operations 

Cleveland 

PNC Bank, National Association, Pittsburgh, Pennsylvania -- to acquire indirectly 

BlackRock Japan Co., Ltd., Tokyo, Japan, a de novo company, through BlackRock 

Overseas Investment Corporation, New York, New York, an Edge corporation 

subsidiary of PNC Bank, Pittsburgh. 

- Approved, September 13, 2002 

(AC) = Addition or Correction Delegated - Page 9 of 9 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3a1 Rabobank Nederland, Utrecht, Netherlands, to acquire VIB Newspaper – 10/05/2002 

Corp, and Valley Independent Bank, El Centro, California. Fed Reg – 10/07/2002 

* Subject to the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Fifth Third Bank, Western Michigan, Grand Rapids, MI to Newspaper - 09/10/2002 

establish a branch at 630 North Western Avenue, Lake Forest, 

IL.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section II – Applications subject to both ne wspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(1) Application by Deerfield Bancshares, Inc., Clarksburg, OH to Newspaper – 09/13/2002 

acquire The Clarksburg Commercial Bank, Clarksburg, OH Fed Reg – 09/16/2002 

pursuant to the provisions of Section 3(a)(1) of the Bank 

Holding Company Act.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

344816 Citizens Deposit Bank and Trust 06/17/2002 09/11/2002 S X 

Second and Main Street 

Vanceburg, KY 41179 

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, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(5) First Bancorp, Troy, North Carolina, to merge with Carolina 

Community Bancshares, Inc., Latta, South Carolina.* 

3(a)(1) JCO Partners, L.P.; JCO Partners II, L. P.; JCO Ventures, LLC; 

HAO Partners, L. P.; HAO Partners II, L. P.; HAO Management 

Company, LLC; FOJ Partners, L.P.; FOJ Partners II, L.P.; FOJ 

Management Company, LLC; and Frances W. Arthur 

Irrevocable Trust No. 2 for the Benefit of Frances Oxner 

Jorgenson, all of Union, South Carolina, to become bank 

holding companies through the acquisition of various shares of 

Chesnee State Bancshares, Inc., Chesnee, South Carolina, 

Arthur State Bancshares, Inc., Union, South Carolina, and 

Woodruff State Bancshares, Inc., Woodruff, South Carolina.* 

Fed Reg - 10/07/2002 

Newspaper - 09/27/2002 

Fed Reg - 10/15/2002 

Newspaper - 10/13/2002 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

3(a)(1) Allegheny Bancshares, Inc., Franklin, West Virginia, to 

become a bank holding company through the acquisition 

of 100% of the voting shares of Pendleton County Bank, 

Franklin, 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

1494240 RBC Centura Bank 03/04/2002 09/08/2002 S X 

1417 Centura Highway 

Rocky Mount, North Carolina 27804 

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, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Cit izens Trust Bank, Atlanta, Georgia, to merge with Citizens Newspaper - N/Avail 

Federal Savings Bank, Birmingham, Alabama.* 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(5) Financial Corporation of Louisiana, Crowley, Louisiana, to 

merge with Security Acadia Bancshares, Inc., Rayne, Louisiana, 

and thereby directly acquire Rayne State Bank & Trust 

Company, Rayne, Louisiana.* 

3(a)(3) NW Services Corporation, Ringgold, Georgia, to acquire The 

Bank of Sharon, Sharon, Tennessee.* 

CIC Twin Cities Financial Services, Inc., Maryville, Tennessee, 

after-the-fact change in control by Joe B. Bruce, Bruce 

Investments, LP; Leann Hicks; Thelma Carter; Chadwick T. 

Hicks; Beth Ann Hicks; Mary Joe Willocks; to retain 19.79 

percent of the outstanding shares of Twin Cities Financial 

Services, Inc., and its subsidiary, Citizens Bank of Blount 

County, both of Maryville, Tennessee. 

Newspaper-10/01/2002 

Fed Reg-10/07/2002 

Newspaper-09/06/2002 

Fed Reg-09/09/2002 

Newspaper-09/27/2002 

Fed Reg-09/27/2002 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

3(a)(1) Cypress Bankshares, Inc., Palm Coast, Florida, notice to become 

a bank holding company by acquiring Cypress Bank, Palm 

Coast, Florida. 

WAIVR Citizens Trust Bank, Atlanta, Georgia, application waiver 

request of the proposed acquisition of CFS Bancshares, Inc., and 

its subsidiary, Citizens Federal Savings Bank, both of 

Birmingham, Alabama. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18C & Branches Central Bank, Storm Lake, Iowa, for prior approval to acquire 

through merger Central Bank, Spirit Lake, Iowa (formerly 

Security State Bank, Lake Park, Iowa). In connection with the 

merger, Central Bank, Storm Lake, Iowa , plans to establish a 

branch at 1400 18th Street, Spirit Lake, Iowa.* 

Newspaper – N/Avail 

Branch First Community Bank, Harbor Springs, Michigan, to establish a 

branch facility to be located at 930 Spring Street, U.S. 131 

South, Petoskey, Michigan.* 

Newspaper – 09/19/2002 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) Fidelity Company, Dyersville, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Worthington 

Bancorporation, Worthington, Iowa, and thereby indirectly 

acquire State Bank, Worthington, Iowa.* 

CIC Notice by Ross David Levin, Evanston, Illinois, Louis Jonathon 

Kolom, Lincolnwood, Illinois, Shabsa Abraham Lis, Skokie, 

Illinois, Aaron L. Kolom, Los Angeles, California, Sherwin 

Greenberg, Chicago, Illinois and Arthur Myer Goldrich, Skokie, 

Illinois, to retain control of First Equity Corp., Skokie, Illinois 

and to thereby retain indirect control of 1st Equity Bank, Skokie, 

Illinois. 

3(a)(5) Merchants and Manufacturers Bancorporation, Inc., New Berlin, 

Wisconsin and Merchants Merger Corp., New Berlin, 

Wisconsin, to merge with Fortress Bancshares, Inc., Westby, 

Wisconsin and thereby indirectly acquire Fortress Bank of 

Westby, Westby, Wisconsin, Fortress Bank, N.A., Houston, 

Minnesota, and Fortress Bank of Cresco, Cresco, Iowa.* 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 09/17/2002 

Newspaper – N/Avail 

Fed Reg – 09/23/2002 

Newspaper – 09/30/2002 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

CIC Notice on behalf of Peter C. Cook, first trustee of the Peter C. 

Cook Trust to acquire 166,667 shares (12.52%) of Northpointe 

Bancshares, Inc., Grand Rapids, Michigan, and thereby 

indirectly acquire Northpointe Bank, Grand Rapids, Michigan. 

3(a)(1) SCB Bancorp, Inc., East Lansing, Michigan, to become a bank 

holding company by acquiring 100 percent of Summit 

Community Bank (in organization), East Lansing, Michigan.* 

CIC Notice by Mark B. Richardson and Kimberly A. Richardson, to 

become co-trustees of a Grantor Trust established by their 

father, Coyn Richardson, and thus to acquire control of 

Wellington Bancorp, Inc., Springfield, Illinois, and thereby 

indirectly acquire Community Bank, Hoopeston, Illinois. 

CIC Notication filed pursuant to the Change in Bank Control Act of 

1978 by Ramon J. Green, Jacksonville, Illinois, as general 

partner of Green Enterprises, L.P. Jacksonville, Illinois, as 

trustee of the Ramon J. Green Trust, Jacksonville, Illinois, and 

co-trustee of the Beverly J. Green Trust, Jacksonville, Illinois, 

and Beverly J. Green, Jacksonville, Illinois, as co-trustee of the 

Beverly J. Green Trust, to retain control and increase their 

ownership in West Plains Investors, Inc., Pleasant Plains, 

Illinois, and thereby to indirectly retain control and increase 

their ownership in Pleasant Plains State Bank, Pleasant Plains, 

Illinois. 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 10/04/2002 

Newspaper – N/Avail 

Fed Reg – 10/03/2002 

Newspaper – 09/20/2002 

Fed Reg – 09/23/2002 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

371232 First Community Bank & Trust 

111 Dixie Hwy 

Beecher, Illinois 60401 

(708) 946-2246 

503547 The Fairmount State Bank 

101 N. Main Street 

Fairmount, Indiana 46928 

(765) 948-4330 

05/06/2002 09/12/2002 S X 

01/22/2002 09/13/2002 S X 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4c8 Integra Bank Corporation, Evansville, Indiana, to engage in Fed Reg – 09/27/2002 

reinsuring optional credit life and credit accident and health 

insurance sold by its banking subsidiary through the acquisition 

of 79 percent of Integra Reinsurance Company, Ltd. Evansville, 

Indiana. (Previously submitted during the week ending 

September 7, 2002) 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) & Branch Wadena State Bank, Wadena, Minnesota proposes to merge with Newspaper– N/Avail 

Security State Bank of Deer Creek, Deer Creek, Minnesota and 

incident thereto establish branches in Deer Creek, Minnesota, 

and Bluffton, Minnesota* 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

CIC The Albert N. Roberts and Emma L. Roberts Revocable Trust, Fed Reg- N/Avail 

Albert N. Roberts and Emma L. Roberts, Co-trustees, Polson, Newspaper- N/Avail 

Montana, to acquire control of Flathead Lake Bancorporation, 

Inc., Polson, Montana which controls, First Citizens Bank of 

Polson, Polson, Montana. 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Peoples Bancorp., Red Cloud, Nebraska, to become a bank 

holding company through the acquisition of 100 percent of the 

voting shares of Peoples-Webster County Bank, Red Cloud, 

Nebraska. 

CIC Rinda Kay Harper, individually and as trustee of The Kay 

Harper Revocable Living Trust, Edmond, Oklahoma, to acquire 

control of First Jones Bancorporation, Inc., Jones, Oklahoma, 

parent of First State Bank, Jones, Oklahoma. 

Newspaper - N/Available 

Fed Reg - N/Available 

Newspaper - N/Available 

Fed Reg - 10/03/2002 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

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, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

3022281 First Bank and Trust 06/24/2002 09/17/2002 S X 

2200 W. Ennis Avenue 

Ennis, Texas 75119 

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, September 14, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Sumitomo Mitsui Financial Group, Inc., Tokyo, Japan, to become 

a bank holding company by acquiring 100 percent of 

Manufacturers Bank, Los Angeles, California.* 

Newspaper – N/Avail 

Fed Reg – 9/23/2002 

CIC Notice by James O. Pohlad, Robert C. Pohlad, and William M. 

Pohlad to increase their ownership in National Mercantile Bancorp, 

Los Angeles, California.* 

Newspaper – 10/02/2002 

Fed Reg – 09/27/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3(a)(5)(C) Greater Sacramento Bancorp to become a bank holding company 

by acquiring Bank of Sacramento, both of Sacramento, California. 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None