Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 41

Week Ending October 12, 2002

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions October 6, 2002 to October 12, 2002

Board Operations

Labor Relations Panels of the Federal Reserve System -- reappointment of Joan 

Parker to the System's two labor relations panels.

- Approved, October 10, 2002 

Forms

Forms -- extension without revision of the recordkeeping and disclosure 

requirements of Regulations B (Equal Credit Opportunity) and E (Electronic Fund 

Transfers).

- Approved, October 11, 2002 

Reserve Bank Operations

Reserve Bank Directors -- appointment of chairmen and deputy chairmen of the 

twelve Federal Reserve Banks for 2003.

- Announced, October 11, 2002 

(AC) = Addition or Correction Board - Page 1 of 1
October 6, 2002 to October 12, 2002

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

AmSouth Bank, Birmingham, Alabama -- to establish branches at 1031 Winchester 

Road, N.E., Huntsville; 1619 County Road 220, Orange Park, Florida; 522 State Road 

13, Jacksonville; 2000 North John Young Parkway, Kissimmee; 19203 Dale Mabry 

Highway North, Lutz; and 3614 Tennessee Avenue, Chattanooga, Tennessee.

- Approved, October 11, 2002 

Secretary

Harris Trust and Savings Bank, Chicago, Illinois -- to establish branches at 558 West 

Diversey Parkway and 4801 West North Avenue.

- Approved, October 10, 2002 

Chicago

IberiaBank, New Iberia, Louisiana -- to establish a branch at 4909 Prytania Street, New 

Orleans.

- Approved, October 7, 2002 

Atlanta

Newnan Coweta Bank, Newnan, Georgia -- to establish branches at 38 LaGrange Street 

and 41 Greenville Street.

- Approved, October 10, 2002 

Atlanta

Oregon Pacific Banking Company, Florence, Oregon -- to establish a branch in a 

supermarket at 330 Dakota Street, Sutherlin.

- Approved, October 11, 2002 

San Francisco

Paramount Bank, Farmington Hills, Michigan -- to establish a branch at 39600 Garfield 

Road, Clinton Township.

- Returned, October 9, 2002 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority October 6, 2002 to October 12, 2002

Bank Branches, Domestic

Pinnacle Bank, Papillion, Nebraska -- to establish a branch at 1016 Douglas on the Mall, 

Omaha.

- Approved, October 8, 2002 

Kansas City

Regions Bank, Birmingham, Alabama -- to establish a branch at 101 East Washington 

Street, Greenville, South Carolina.

- Approved, October 10, 2002 

Atlanta

Bank Holding Companies

Allegheny Bancshares, Inc., Franklin, West Virginia -- to become a bank holding 

company through the acquisition of Pendleton County Bank.

- Approved, October 10, 2002 

Richmond

Berkshire Financial Holdings, Inc., Collegeville, Pennsylvania -- to become a bank 

holding company through the acquisition of USABancShares.com, Inc., Philadelphia.

- Approved, October 9, 2002 

Philadelphia

Financial Corporation of Louisiana, Crowley, Louisiana -- to merge with Security Acadia 

Bancshares, Inc., Rayne, and thereby acquire Rayne State Bank & Trust Company.

- Approved, October 11, 2002 

Atlanta

First Community Bancshares, Inc., Bluefield, Virginia -- waiver of application to acquire 

Monroe Financial, Inc., Greenville, West Virginia, in connection with the merger of their 

subsidiary banks, Bank of Greenville and First Community Bank, N.A., Bluefield, Virginia.

- Granted, October 10, 2002 

Richmond

First Mutual Bancorp of Illinois, Inc., Harvey, Illinois -- to acquire shares of Security 

Bancorp of Dupage, Inc., Naperville, and thereby acquire Security Bank of Dupage.

- Returned, October 9, 2002 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority October 6, 2002 to October 12, 2002

Bank Holding Companies

Franklin Bancorp, Inc., Southfield, Michigan -- to become a bank holding company 

through the acquisition of Franklin Bank, N.A.

- Approved, October 8, 2002 

Chicago

Greater Sacramento Bancorp, Sacramento, California -- to become a bank holding 

company through the acquisition of Bank of Sacramento.

- Approved, October 10, 2002 

San Francisco

Kilmichael Bancorp, Inc., Kilmichael, Mississippi -- to become a bank holding company 

through the acquisition of Bank of Kilmichael.

- Approved, October 8, 2002 

St. Louis

Merchants & Manufacturers Bancorporation, Inc., New Berlin, Wisconsin, and 

Merchants Merger Corp. -- to merge with Fortress Bancshares, Inc., Westby, and 

thereby acquire Fortress Bank of Westby; Fortress Bank, N.A., Houston, Minnesota; 

and Fortress Bank of Cresco, Cresco, Iowa.

- Approved, October 7, 2002 

Chicago

The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- relief from certain 

commitments.

- Granted, October 10, 2002 

Cleveland

Sumitomo Mitsui Financial Group, Inc., Tokyo, Japan -- to become a bank holding 

company through the acquisition of Manufacturers Bank, Los Angeles, California; and to 

engage in nonbanking activities through the acquisition of SMBC Capital Markets, Inc., 

New York, New York, SMBC Leasing and Finance, Inc., SMBC Securities, Inc., 

Daiwa SB Investments (USA), Ltd., and JRI America, Inc.

- Approved, October 9, 2002 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority October 6, 2002 to October 12, 2002

Bank Holding Companies

Summit Bancshares, Inc., Prescott, Arizona -- to become a bank holding company 

through the acquisition of Summit Bank, a de novo bank.

- Approved, October 11, 2002 

Kansas City

Bank Mergers

The Fuji Bank and Trust Company, New York, New York -- to merge with The 

Industrial Bank of Japan Trust Company and to become a member of the Federal 

Reserve System.

- Approved, October 11, 2002 

New York

Heritage Bank of Commerce, San Jose, California -- to merge with Bank of Los Altos, 

Los Altos.

- Approved, October 7, 2002 

San Francisco

Texas Regional Bancshares, Inc., McAllen, Texas, and Texas Regional Delaware, Inc., 

Wilmington, Delaware -- to merge with San Juan Bancshares, Inc., San Juan, Texas, and 

thereby acquire San Juan Delaware Financial Corporation, Inc., Dover, Delaware, and 

Texas Country Bank, San Juan, Texas.

- Approved, October 10, 2002 

Dallas

Banks, Foreign

Eurohypo Aktiengesellschaft, Frankfurt, Germany -- to establish a branch in New York, 

New York, and representative offices in Chicago, Illinois, and Los Angeles, California.

- Approved, October 8, 2002 

Director, BS&R

Fortis Bank S.A./N.V., Brussels, Belgium -- to establish branches in New York, New 

York, and Stamford, Connecticut.

- Approved, October 8, 2002 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority October 6, 2002 to October 12, 2002

Change In Bank Control

Golden Sands Bankshares, Inc., Neshkoro, Wisconsin -- change in bank control.

- Withdrawn, October 10, 2002 

Chicago

Competitive Factors Reports

Bank of America, National Association, Charlotte, North Carolina -- report on 

competitive factors of the proposed merger with BA Merchant Services, Inc., San 

Francisco, California.

- Submitted, October 10, 2002 

Richmond

The Bank of Kentucky, Inc., Florence, Kentucky -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of Peoples Bank of Northern 

Kentucky, Inc., Crestview Hills.

- Submitted, October 10, 2002 

Cleveland

Brentwood Bank, Bethel Park, Pennsylvania -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Bethel Park branch of 

Pittsburgh Savings Bank, Pittsburgh.

- Submitted, October 10, 2002 

Cleveland

Extraco Banks, National Association, Temple, Texas -- report on competitive factors of 

the proposed merger with Heights State Bank, Harker Heights.

- Submitted, October 9, 2002 

Dallas

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

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

Pittsburgh Savings Bank, Pittsburgh.

- Submitted, October 10, 2002 

Cleveland

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority October 6, 2002 to October 12, 2002

Competitive Factors Reports

Oak Hill Banks, Jackson, Ohio -- report on competitive factors of the proposed merger 

with Towne Bank, Blue Ash.

- Submitted, October 9, 2002 

Cleveland

The Provident Bank, Cincinnati, Ohio -- report on competitive factors of the proposed 

merger with Provident Investment Management Corporation.

- Submitted, October 9, 2002 

Cleveland

Extensions Of Time

Compass Bank, Birmingham, Alabama -- extensions to November 19, 2003, to establish 

a branch at FM 1960 and North Eldridge Parkway, Houston, Texas; and to December 

26, 2003, to establish a branch at Elliot Road and Val Vista Drive, Mesa, Arizona.

- Granted, October 7, 2002 

Atlanta

Financial Holding Companies

Fortis Bank S.A./N.V., Brussels, Belgium; Fortis Brussels S.A./N.V.; Fortis S.A./N.V.; 

and Fortis N.V., Utrecht, Netherlands -- elections to be treated as financial holding 

companies on establishment by Fortis Bank of branches in New York, New York, and 

Stamford, Connecticut.

- Effective, October 8, 2002 

Director, BS&R

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Section 9 Community Guaranty Savings Bank, Plymouth, New Hampshire 

- 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 enac ted 

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 e valuated 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 evaluation s are now available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, October 12, 2002

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) Franklin Financial Services Corporation, Chambersburg, PA, to 

acquire up to 23.5% of American Home Bank, National 

Association.

Newspaper - 11/10/2002

Fed Reg - N/Avail

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

None

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

Type Application

Ending date of 

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of 

comment period

None

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

Type Application

3A5(C) Application by Prospect Bancshares, Worthington, OH to acquire 

Prospect Bank, Columbus, OH pursuant to section 3(a)(5)(C) of 

the Bank Holding Company Act, under “Notice procedures for onebank holding company formations” as described in section 225.17 

of Regulation Y *

* Subject to the provisions of the CRA 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 take n 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 lev els 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, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First Charter Bank, Charlotte, North Carolina, to establish a 

branch at 16719 Birkdale Commons Parkway, Huntersville, 

North Carolina.*

Newspaper - 10/22/2002

18(c) RBC Centura Bank, Rocky Mount, North Carolina, to merge 

with Admiralty Bank, Palm Beach Garden s, Florida.*

Newspaper - 11/04/2002

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(5) Royal Bank of Canada, Montreal, Quebec, Canada, and RBC 

Cenutra Bank, Inc., Rocky Mount, North Carolina, to acquire 

Admiralty BANCORP, Inc., Palm Beach Gardens, Florida.*

Fed Reg - 11/08/2002 

Newspaper - 11/04/2002

*Subject to the provisions of 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 enac ted 

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 e valuated 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 evaluation s are now available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

274829 Miners and Merchants Bank and

 Trust Company

Post Office Box 1010

Grundy, Virginia 24614

07/22/2002 10/06/2002 S X

828530 Summit Community Bank

310 North Main Street

Moorefield, West Virginia 26836

07/29/2002 10/11/2002 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at the intersection of Valleydale Road and Highway 31, 

Birmingham, Alabama, to be known as the Birmingham -

Valleydale Branch.*

Newspaper-10/14/2002

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 

2075 South Hairston Road, Decatur, Georgia, to be known as the 

Hairston Crossing In-Store Office.*

Newspaper-10/17/2002

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 

9259F Airport Boulevard, Orlando, Florida, to be known as the 

Orlando International Airport Office.*

Newspaper-10/17/2002

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

located at 8351 East Walker Springs Lane, Knoxville, 

Tennessee.*

Newspaper-10/17/2002

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

located at 2450 Treasury Drive S.E., Cleveland, Tennessee, to 

be known as the Sterling Pointe Branch.*

Newspaper-10/24/2002

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

located at 1470 Perimeter Parkway NW, Huntsville, Alabama, to 

be known as the (new) University Drive Branch.*

Newspaper-10/24/2002

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

located at 2266 North Monroe Street, Tallahassee, Florida, to be 

known as the North Monroe Branch.*

Newspaper-10/24/2002

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

located at 1401 Tamiami Trail, Punta Gorda, Florida, to be 

known as the Punta Gorda Branch.*

Newspaper-10/24/2002

Branch AmSouth Bank, Birmingham, Ala bama, to establish a branch 

located at 70 S. Blue Angel Parkway, Pensacola, Florida, to be 

known as the Blue Angel Parkway Branch.*

Newspaper-10/24/2002

*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

CIC Eagle National Holding Company, Miami, Florida, prior change 

in control notification filed by Mr. Mark Kardonski, the 

proposed trustee of GNB Holding Trust, Miami, Florida, to 

control 100 percent of the outstanding shares of common stock 

of Eagle National Holding Company, Inc., and its subsidiary, 

Eagle National Bank of Miami, both of Miami, Florida.

Newspaper-N/Avail

Fed Reg – 11/07/2002

4(c)(8) Citizens Bancsha res Corporation, Atlanta, Georgia, to acquire 

CFS Bancshares, Inc., Birmingham, Alabama, and thereby 

engage in operating a savings association.

Newspaper-N/Avail

Fed Reg – 11/18/2002

CIC Greater Rome Bancshares, Inc., Rome, Georgia, prior change in 

control notice by Mr. Thomas D. Caldwell, III, to acquire an 

additional 0.15 percent of the outstanding shares of Greater

Rome Bancshares, Inc. Pro forma will equal 10.88 percent.

Newspaper-N/Avail

Fed Reg – 11/07/2002

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

SMBOTH Citizens Trust Bank, Atlanta, Georgia, temporary waiver to 

allow them to momentarily hold the stock of CFS Bancshares, 

Inc., Birmingham, Alabama, in order to complete the 

transaction.

COM Premier Bancorp, Brentwood, Tennessee, request for waiver of 

the commitment to not incur debt.
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 no w 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, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C & Branches Midwest Bank and Trust Company, Elmwood Park, Illinois, to 

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

and thereby to establish branches.*

Newspaper – 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

3(a)(3) Backlund Investment Co., Peoria, Illinois, to acquire 100 percent 

of Astoria Investment Company, Astoria, Illinois, and t hereby 

indirectly acquire Farmers State Bank, Astoria, Astoria, Illinois; 

Bartonville Investment Co., Peoria, Illinois, and thereby 

indirectly acquire Bartonville Bank, Bartonville, Illinois; 

Backlund-White, Inc., Peoria, Illinois, and thereby indirectly 

acquire Glasford State Bank, Glasford, Illinois; Backlund -Scott 

Company, Wyoming, Illinois and thereby indirectly acquire 

Wyoming Bank & Trust Company, Wyoming, Illinois; and 

Dunlap Bank, Dunlap, Illinois.* 

Fed Reg – N/Avail 

Newspaper – N/Avail

3(a)(3) & 3(a)(1) BTC Financial Corporation, Des Moines, Iowa, to acquire 100 

percent of Midamerica Financial Corporation, Des Moines, 

Iowa, and thereby indirectly acquire Bankers Trust Company, 

N.A. (in organization), Cedar Rapids, Iowa, and by Midamerica 

Financia l Corporation, Des Moines, Iowa, to become a bank 

holding company by acquiring 100 percent of Bankers Trust 

Company, N.A. (in organization), Cedar Rapids, Iowa.*

Fed Reg – 11/01/2002 

Newspaper – N/Avail

CIC Notice by Steven M. Eldred, Beloit, Wisconsin, a s voting trustee 

of the Helen M. Eldred Voting Trust and the John M. Eldred 

Voting Trust; and the Eldred Family Limited Partnership I and 

Eldred Family Limited Partnership II, both located in Beloit, 

Wisconsin, to gain control of Centre 1 Bancorp, Inc., Beloit, 

Wisconsin, and thereby indirectly acquire First National Bank 

and Trust Company of Beloit, Beloit, Wisconsin.

Fed Reg – 10/22/2002 

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

Type Application

Ending date of

comment period

3(a)(3) Mahaska Investment Company, Oskaloosa, Iowa and Mahaska 

Investment Company ESOP, Oskaloosa, Iowa, to acquire 100 

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

and thereby indirectly acquire Citizens Bank and Trust 

Company, Hudson, Iowa.*

Fed Reg – 11/18/2002 

Newspaper – N/Avail

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

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

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

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

Fed Reg – N/Avail 

Newspaper – N/Avail

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.*

Fed Reg – 10/04/2002 

Newspaper – 10/15/2002

* 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) CIB Marine Bancshares, Inc., Pewaukee, Wisconsin, to acquire 

ComCor Mortgage Corporation, Waukesha, Wisconsin, and 

thereby engage in mortgage business operations.

Fed Reg – N/Avail

4(c)(8) Crystal Valley Financial Corporation, Middlebury, Indiana, 

proposes to acquire a 19.79 percent interest in Pedcor 

Investments-2001-L1 L.P., a limited partnership that will 

develop and own a low-income tax credit project containing 144 

units, and thereby engage in community development activities.

Fed Reg – 10/25/2002

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 t heir CRA public evaluations are now available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

244345 Sand Ridge Bank

2611 Highway Avenue

Highland, Indiana 46322

(219) 838-9500

05/13/2002 10/08/2002 S X

139843 First Farmers Bank & Trust

123 N. Jefferson

Converse, Indiana 46919

(765) 395-3316

11/05/2001 10/07/2002 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, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Midwest BankCentre, St. Louis, Missouri, to establish a branch 

facility to be located at 2155 Barrett Station Road, St. Louis, 

Missouri.* 

Newspaper – 10/28/2002

* 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

3A1 - Expedited Gravett Bancshares, Inc., Gravette, Arkansas, to become a bank 

holding company by acquiring 100 percent of the voting shares 

of Bank of Gravett, Gravette, Arkansas.
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 need s 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 B ank.

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 a nd their CRA public evaluations are now available.

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, October 12, 2002

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

State Bank of Moorhead, Moorhead, Minnesota.*

Fed Reg – 11/01/2002 

Newspaper – N/Avail

3(a)(3) TCF Financial Corporation, Wayzata, Minnesota, to acquire an 

additional 5.00%, thereby increasing its total ownership to 

9.99%, of the voting shares of MainStreet BankShares, Inc., 

Martinsville, Virginia, whi ch owns Smith River Community 

Bank, N.A., Martinsville, Virginia, and Franklin Community 

Bank, N.A., Rocky Mount, Virginia, a de novo bank.*

Fed Reg – 11/18/2002 

Newspaper – N/Avail

CIC Marie Gillespie, LaGrange Park, Illinois, as trustee of the Lake 

Bank Shares, Inc. Employee Stock Ownership Plan, Emmons, 

Minnesota, to gain control of Lake Bank Shares, Inc., Emmons, 

Minnesota, and thereby indirectly gain control of Security Bank 

of Minnesota, Albert Lea, Minnesota, and First State Bank of 

Emmons, Emmons, Minnesota.

Fed Reg – 10/21/2002 

Newspaper – N/Avail

CIC Robert B. Whitlock, Minneapolis, Minnesota, to retain control 

as trustee of Lake Bank Shares, Inc. Employee Stock Ownership 

Plan, Emmons, Minnesota, and thereby indirectly retain control 

of Lake Bank Shares, Inc., Emmons, Minnesota, which owns 

Security Bank of Minnesota, Albert Lea, Minnesota, and First 

State Bank of Emmons, Emmons, Minnesota.

Fed Reg – 10/21/2002 

Newspaper – N/Avail

CIC Jonathon H. Berg, M.D., Northwood, North Dakota, as trustee of 

the Herbert A. Lund Revocable Trust, to gain control of Lake 

Bank Shares, Inc., Emmons, Minnesota, and thereby indirectly 

gain control of Security Bank of Minnesota, Albert Lea, 

Minnesota, and First State Bank of Emmons, Emmons, 

Minnesota.

Fed Reg – 10/21/2002 

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

Type Application

Ending date of

comment period

CIC Kevin L. Johnson, North Oaks, Minnesota, to acquire control of 

Johnson Holdings, Inc., Isanti, Minnesota, and thereby indirectly 

acquire control of East Central Holding Company, Isanti, 

Minnesota, which owns Landmark Commu nity Bank, N.A., 

Isanti, Minnesota.

Fed Reg – 11/07/2002 

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

4(c)(8) State Bankshares, Inc., Fargo, North Dakota, to acquire 100% of 

Northern Capital Holding Company, Fargo, North Dakota, and 

thereby engage in providing trust services, financial and 

investment advisory services, transactional services for c ustomer 

investments, and payroll services and processing.

Fed Reg - 11/01/2002

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 int o 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, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Peoples National Bank & Trust, Ottawa, Kansas, to establish 

434 S. Main Street, Ottawa, Kansas as a branch office and to 

relocate its main offict to Lawrence, Kansas.

Newspaper - N/Avail

18(c) Peoples National Bank & Trust, Ottawa, Kansas, to merge with 

Peoples Bank, Taos, New Mexico and to operate under the 

charter and title of Peoples National Bank & Trust, Ottawa, 

Kansas.

Newspaper - N/Avail

18(c) Peoples National Bank & Trust, Ottawa, Kansas, to purchase 

certain assets and assume certain liabilities of the following 

branches of Peoples Bank, Overland Park, Kansas: 13180 

Metcalf Avenue, Overland Park, Kansas; 7810 W. 151 st Street, 

Overland Park, Kansas; 7404 W. 199 th Street, Stilwell, Kansas; 

212 S. Broadway, Louisburg, Kansas; 29 West Wea, Paola, 

Kans as; 2220 Harper, Suite A, Lawrence, Kansas; and 4831 W. 

6

th Street, Lawrence, Kansas.

Newspaper - N/Avail

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

Type Application

Ending date of

comment period

3(a)(1) Summit Bancshares, Inc., Prescott, Arizona, to become a bank 

holding company through the acquisition of 100 percent of the 

voting shares of Summit Bank, Prescott, Arizona (in 

organization).

Newspaper - 09/29/2002

Fed Reg - 09/27/2002

3(a)(3) Nodaway Valley Banc shares, Inc., Maryville, Missouri, to 

acquire 100 percent of the voting shares of Buchanan County 

Bancshares, Inc., parent of Heritage Bank, both in Saint Joseph, 

Missouri.

Newspaper - 10/31/2002

Fed Reg - 10/25/2002

3(a)(3) First Okmulgee Corporation, Okumulgee, Oklahoma, to acquire 

up to 100 percent of the voting shares of First National of 

Henryetta, Inc., parent of First National Bank of Henryetta, both 

of Henryetta, Oklahoma.

Newspaper - N/Available

Fed Reg - N/Available
Section III – Applications s ubject 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

Member Peoples National Bank & Trust, Ottawa, Kansas, to become a 

member of the Federal Reserve System upon its conversion from 

a national to a state chartered bank.

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

782650 Citizens State Bank of Cortez

77 W. Main Street

Cortez, Colorado 81321-3133

07/22/2002 10/07/2002 S X

330659 Webb City Bank

100 N. Main Street

Webb City, Missouri 64870 -1936

03/31/2002 10/10/2002 S X
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, October 12, 2002

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 Lewis W. and Bonnie C. Donaghey, Trenton, TX, to acquire an 

interest in Trenton Bankshares, Inc., Trenton, TX (previously 

reported the week ending October 5, 2002)

Fed Reg – 10/25/2002

Newspaper – 10/23/2002

3(a)(1) MSB Financial Corp., Dallas, TX, to acquire MSB Delaware 

Financial Corp., Wilmington, DE, and Millennium State Bank of 

Texas, Dallas, Texas *

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) MSB Delaware Financial Corp., Wilmington, DE, to acquire

Millennium State Bank of Texas, Dallas, Texas *

Fed Reg – N/Avail

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

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. Th at 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 perform ance levels to rate an institution's performance under CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, October 12, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Oregon Pacific Banking Company, Florence, Oregon, to establish a 

supermarket in -store branch office located in Ray’s Food Place, 3 

Dakota Street, Sutherlin, Oregon.*

Newspaper – 9/09/2002

* 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) Liberty Financial Group, Inc., Eugene, Oregon, to become a bank 

holding company by acquiring 99.97 percent of Liber ty Bank, 

Eugene, Oregon.*

Fed Reg – 11/18/2002

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

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

1162017 United Security Bank

1525 East Shaw Avenue

Fresno, California 93710

(559) 225-0101

6/10/2002 10/07/2002 S X

1884140 Verdugo Banking Co.

400 North Branch Boulevard, 

 Suite 900

Glendale, California 91203

(818) 549-1000

6/24/2002 10/08/2002 S X

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 for Quarter of

Institution Location

None