Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 35

Week Ending August 26, 2000

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions August 20, 2000 to August 26, 2000

Bank Holding Companies

First Bancorp, Troy, North Carolina -- to acquire First Savings Bancorp, Inc., 

Southern Pines, and First Savings Bank of Moore County, Inc., SSB.

- Approved, August 21, 2000 

Banks, Foreign

Caixa Economica Montepio Geral, Lisbon, Portugal -- to establish a representative 

office in Newark, New Jersey.

- Approved, August 21, 2000 

The Chuo Mitsui Trust & Banking Co., Ltd., Tokyo, Japan -- to establish a 

representative office in New York, New York.

- Approved, August 21, 2000 

Forms

Forms -- extension with revision of the Bank Holding Company Report of Insured 

Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8), and 

discontinuation of the Report of Intercompany Transactions for Foreign Banking 

Organizations and their U.S. Bank Subsidiaries (FR Y-8f).

- Approved, August 22, 2000 

Publications

Wireless access -- popular items on Board's public web site accessible through 

wireless personal digital assistants (http://www.federalreserve.gov/wireless/).

- Announced, August 25, 2000 

Regulations And Policies

Risk-based and leverage capital guidelines -- interagency revisions concerning the 

treatment of residual interests proposed for comment.

- Approved, August 21, 2000 

Enforcement

Banco Union, S.A.C.A., Caracas, Venezuela; Banco Union S.A.C.A., Miami 

Agency, Miami, Florida; and Banco Union, S.A.C.A., New York Agency, New 

York, New York -- written agreement dated August 10, 2000, with the Federal 

Reserve Banks of Atlanta and New York, the New York State Banking Department, 

and the Florida Department of Banking and Finance.

- Announced, August 23, 2000 

(AC) = Addition or Correction Board - Page 1 of 1
August 20, 2000 to August 26, 2000

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Admiralty Bank, Palm Beach Gardens, Florida -- to establish a branch at 2 South 

Orange Avenue, Orlando.

- Approved, August 23, 2000 

Atlanta

First State Bank of Taos, Taos, New Mexico -- to establish a branch at 200 Eubank 

Boulevard SE, Albuquerque.

- Approved, August 25, 2000 

Kansas City

Old Kent Bank, Grand Rapids, Michigan -- to establish branches at 52 North 

Saginaw, Pontiac, and 3297 Five Points Drive, Auburn Hills.

- Approved, August 21, 2000 

Chicago

Bank Holding Companies

Advantage Bancorp, Inc., Woodbury, Minnesota -- to acquire Advantage Bank, 

Loveland, Colorado.

- Approved, August 24, 2000 

Kansas City

Anita Bancorporation, Atlantic, Iowa -- to acquire EWN Investments, Inc., Ute, and 

thereby acquire an interest in Ute State Bank.

- Approved, August 22, 2000 

Chicago

Ardmore Merger Corporation, Ardmore, Oklahoma -- to acquire First National 

Corporation of Ardmore, Inc. 

- Approved, August 24, 2000 

Kansas City

(AC) = Addition or Correction Delegated - Page 1 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Bank Holding Companies

Bank of America Corporation, Charlotte, North Carolina; First Union Corporation; 

BB&T Corporation, Winston-Salem; Wachovia Corporation; SunTrust Banks, Inc., 

Atlanta, Georgia; and BancWest Corporation, Honolulu, Hawaii -- to invest through 

Star Systems, Inc., Maitland, Florida, in SafeCheck Company, LLC, Wilmington, 

Delaware.

- Approved, August 21, 2000 

Richmond

Commerce Financial Corporation ESOP, Topeka, Kansas -- to acquire an interest in 

Commerce Financial Corporation and Financial Institution Technologies, and thereby 

engage in data processing activities.

- Approved, August 23, 2000 

Kansas City

Community Bancshares Spring Green and Plain, Inc., Spring Green, Wisconsin -- to 

become a bank holding company through the acquisition of Community Bank Spring 

Green and Plain.

- Approved, August 25, 2000 

Chicago

The Exchange Bankshares, Inc., Estill, South Carolina -- to become a bank holding 

company through the acquisition of The Exchange Bank.

- Approved, August 25, 2000 

Richmond

First Volunteer Corporation, Chattanooga, Tennessee -- to acquire Carter-WilsonHewgley Insurance, Inc., South Pittsburg, and thereby engage in insurance agency 

activities in a town with a population of less than 5,000.

- Approved, August 23, 2000 

Atlanta

FNB Bancorp, Layton, Utah -- to become a bank holding company through the 

acquisition of The First National Bank of Layton.

- Approved, August 21, 2000 

San Francisco

(AC) = Addition or Correction Delegated - Page 2 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Bank Holding Companies

Franklin Bancorp, Inc., St. Paul, Minnesota, dba Sunrise Community Banks -- to 

engage de novo in employee benefits consulting and providing data processing 

services.

- Approved, August 21, 2000 

Minneapolis

GrandSouth Bancorporation, Simpsonville, South Carolina -- to become a bank 

holding company through the acquisition of GrandSouth Bank, Fountain Inn.

- Approved, August 21, 2000 

Richmond

Huntington Bancshares Incorporated, Columbus, Ohio -- relief from certain 

commitments.

- Approved, August 25, 2000 

Director, BS&R

Maham Beteiligungsgesellschaft AG, Zurich, Switzerland -- to become a bank 

holding company through the acquisition of shares of Habib American Bank, New 

York, New York.

- Approved, August 10, 2000 (AC)

New York

Olympic Bancorp, Inc., Port Orchard, Washington -- waiver of application in 

connection with a corporate reorganization.

- Granted, August 25, 2000 

San Francisco

Red River Bancshares, Inc., Alexandria, Louisiana -- modification of a commitment.

- Approved, August 23, 2000 

Atlanta

Wells Fargo & Company, San Francisco, California -- commenters' requests to 

extend the comment period on the proposed acquisition of First Security 

Corporation, Salt Lake City, Utah.

- Denied, August 21, 2000 

Secretary

(AC) = Addition or Correction Delegated - Page 3 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Bank Holding Companies

Wells Fargo & Company, San Francisco, California -- to acquire Buffalo National 

Bancshares, Inc., Buffalo, Minnesota, and The Buffalo National Bank.

- Approved, August 23, 2000 

San Francisco

Bank Mergers

Union Trust Company, Ellsworth, Maine -- to merge with Waldoboro Bank, FSB, 

Waldoboro, and thereby establish branches.

- Approved, August 24, 2000 

Boston

Ute State Bank, Ute, Iowa -- to purchase certain assets and assume certain liabilities 

of the Persia and Pisgah branches of Commercial Federal Bank, Omaha, Nebraska, 

and thereby establish branches.

- Approved, August 23, 2000 

Chicago

Banks, State Member

HSBC Bank USA, Buffalo, New York -- renewal of corporate existence of Republic 

International Bank of New York (Delaware), Wilmington, Delaware, for 20 years, to 

July 23, 2020, and name change to HSBC International Finance Corporation 

(Delaware).

- Approved, August 24, 2000 

Secretary

Change In Bank Control

Marked Tree Bancshares, Inc., Marked Tree, Arkansas -- change in bank control.

- Permitted, August 21, 2000 

St. Louis

Texas Coastal Bank, Pasadena, Texas -- change in bank control.

- Permitted, August 23, 2000 

Dallas

(AC) = Addition or Correction Delegated - Page 4 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Competitive Factors Reports

Bank Midwest, Minnesota-Iowa, National Association, Fairmont, Minnesota -- 

report on competitive factors of the proposed merger with Bank Midwest of 

Cottonwood County, Windom.

- Submitted, August 25, 2000 

Minneapolis

Cascade Bancorp Financial Services, Inc., Bend, Oregon -- report on competitive 

factors of the proposed merger with Bank of the Cascades.

- Submitted, August 22, 2000 

San Francisco

DKSS Corp., Palo Alto, California -- report on competitive factors of the proposed 

merger with Bank of Petaluma, Petaluma.

- Submitted, August 22, 2000 

San Francisco

First National Bank of Joliet, Joliet, Illinois -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Manhattan branch of 

Marquette National Bank, Chicago.

- Submitted, August 21, 2000 

Chicago

Guaranty Federal Bank, FSB, Austin, Texas -- report on competitive factors of the 

proposed acquisition of the branch of Fremont Investment and Loan, Anaheim, 

California, at 3400 Tully Road, Modesto.

- Submitted, August 25, 2000 

Dallas

Household Bank (SB), N.A., Las Vegas, Nevada -- report on competitive factors of 

the proposed purchase of assets of United Credit National Bank, Sioux Falls, South 

Dakota.

- Submitted, August 22, 2000 

San Francisco

(AC) = Addition or Correction Delegated - Page 5 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Competitive Factors Reports

Northeast Pennsylvania Financial Corp., Hazleton, Pennsylvania -- report on 

competitive factors of the proposed acquisition of Security of Pennsylvania Financial 

Corp and Security Savings Association of Hazleton.

- Submitted, August 22, 2000 

Philadelphia

Peninsula Bank, Princess Anne, Maryland -- report on competitive factors of the 

proposed merger with The Bank of Fruitland, Fruitland.

- Submitted, August 25, 2000 

Richmond

Extensions Of Time

CB Bancshares, Inc., Honolulu, Hawaii -- extension to November 12, 2000, to 

engage in data processing activities through the establishment of a subsidiary, 

Datatronix Financial Services, Inc.

- Granted, August 23, 2000 

San Francisco

G.A.C., Inc., St. Louis, Missouri -- extension to September 30, 2000, to become a 

bank holding company through the acquisition of Gateway National Bank of St. 

Louis.

- Granted, August 25, 2000 

St. Louis

Starbanc Holding Company, Inc., Fort Worth, Texas -- extension to November 26, 

2000, to acquire Star Bank of Texas, Lake Worth.

- Granted, August 23, 2000 

Dallas

Financial Holding Companies

Inter-Mountain Bancorp., Inc., Bozeman, Montana -- election to become a financial 

holding company.

- Effective, August 25, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 6 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Financial Holding Companies

Lake Michigan Financial Corporation, Holland, Michigan -- election to become a 

financial holding company.

- Effective, August 24, 2000 

Chicago

Travelers Rest Bancshares, Inc., Travelers Rest, South Carolina -- election to 

become a financial holding company.

- Effective, August 25, 2000 

Richmond

Membership

Bank of Locust Grove, Locust Grove, Oklahoma -- membership in the Federal 

Reserve System.

- Approved, August 25, 2000 

Kansas City

Coast Commercial Bank, Santa Cruz, California -- membership in the Federal 

Reserve System.

- Approved, August 24, 2000 

San Francisco

Peoples Bank, Oklahoma City, Oklahoma -- to retain membership in the Federal 

Reserve System after conversion from a national charter.

- Approved, August 22, 2000 

Kansas City

Ute State Bank, Ute, Iowa -- membership in the Federal Reserve System.

- Approved, August 22, 2000 

Chicago

Valley Bank of Glasgow, Glasgow, Montana -- membership in the Federal Reserve 

System.

- Approved, August 23, 2000 

Minneapolis

(AC) = Addition or Correction Delegated - Page 7 of 8
H.2 Actions under delegated authority August 20, 2000 to August 26, 2000

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on June 27-28, 2000.

- Published, August 24, 2000 

FOMC

(AC) = Addition or Correction Delegated - Page 8 of 8
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

4(c)(8) FleetBoston Financial Corporation, Boston, Massachusetts - to

acquire up to 9% of North Fork Bancorporation, Inc., Melville,

New York and to indirectly acquire an ownership interest in

Dime Bancorp, Inc., New York, New York

Newspaper - 09/13/2000

Fed Reg - 09/08/2000

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3), 3(a)(5),

4(c)8

First Niagara Financial Group, Inc., and Niagara Bancorp,

MHC, both of Lockport, New York, (i) to acquire direct or

indirect ownership or control of 100 percent of the voting shares

of Cayuga Bank, (ii) for Iroquois to merge with and into First

Niagara Financial Group, Inc., and (iii) for First Niagara

Financial Group, Inc. and Niagara to acquire direct and indirect

ownership or control of the Homestead Savings FA.

Newspaper – N/Avail

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

MBRNEW Summit Bank Norwalk, CT. to become a member of the Federal

Reserve System.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch U.S. Bank, Johnstown, PA, to establish a branch office located

at Oakley Park 2, Suite 202, RR 7, Box 147, Westmoreland, PA.

08/30/2000

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Member Calvin B. Taylor Bank of Delaware, Ocean View, DE, to

become a member of the Federal Reserve System.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

Reg K Received notification from FirstMerit Bank, N.A., Akron, OH

on 08/24/2000 of its intent to establish a branch in the Cayman

Islands, British West Indies.

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Centura Bank, Rocky Mount, North Carolina, to establish

a branch at 7807-D Rea Road, Charlotte, North Carolina.*

Newspaper - 09/19/2000

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(1) Countrywide Credit Industries, Inc. and Countrywide

Financial Holding Company, Inc., both located in Calabasas,

California, and Effinity Financial Corporation, Alexandria,

Virginia, to become bank holding companies through the

acquisition of Effinity Bank, National Association (currently

Treasury Bank Ltd.), Washington, D. C.*

Fed Reg - 09/18/2000

Newspaper - 09/17/2000

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

1494240 Centura Bank

131 North Church Street

Rocky Mount, North Carolina 27804

02/28/2000 08/20/2000 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, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(1) UB Financial Corporation, Plantation, Florida, notice to become

a bank holding company by acquiring Union Bank of Florida,

Plantation, Florida.

WAIVR Citco Community Bancshares, Inc., Elizabethton, Tennessee,

application waiver request for the proposed merger with Twin

City Bancorp, Inc., Bristol, Tennessee, and indirect acquisition

of Twin City Federal Savings Bank, Bristol, Tennessee.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) &

 Branch

Ute State Bank (which is currently in the process of becoming a

member in the Federal Reserve System) proposes to purchase

certain assets and assume certain deposits and other liabilities of

the Persia and Pisgah, Iowa branches of Commercial Federal

Bank, Omaha, Nebraska; and thereby establish branch offices at:

109 Main Street, Persia, Iowa and 102 - 1st Street, Pisgah,

Iowa.*

Newspaper – 08/19/2000

Branch Community First Bank, Boscobel, Wisconsin, for prior approval

to establish a branch at 115 Main Street, Reedsburg,

Wisconsin.*

Newspaper – 08/30/2000

Branch Tower Bank & Trust Company, Fort Wayne, Indiana, for prior

approval to establish a branch at The Shops at Scott Road

(corner of Scott and Illinois Road), Fort Wayne, Indiana.*

Newspaper – 09/01/2000

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) Southern Michigan Bancorp, Inc., Coldwater, Michigan, for

prior approval to acquire 100 percent of the voting shares of

Sturgis Bank & Trust Company, Sturgis, Michigan.*

Fed Reg – 08/25/2000

Newspaper – 08/25/2000

3(a)(1) Premier Bancorp, Inc., Wilmette, Illinois, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of Premier Bank, Wilmette,

Illinois.*

Fed Reg – 09/11/2000

Newspaper – 09/06/2000

3(a)(1) F.F. Holding Corp., West Chicago, Illinois, for prior approval to

acquire 37.5 percent of the voting shares of Rush-Oak

Corporation, Chicago, Illinois and thereby indirectly acquire

Oak Bank, Chicago, Illinois.*

Fed Reg – 09/21/2000

Newspaper – 09/15/2000

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

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice by The Farmers and Merchants Bank, Prairie Grove,

Arkansas, to establish a branch at 315 East Pridemore Drive,

Lincoln, Arkansas.*

9/20/2000

5(d)(3) Notice by First Arvest Bank, Siloam Springs, Arkansas, to

purchase certain assets and assume certain liabilities of the 901

North Highway 59, Westville, Oklahoma branch and the 514

West Locust Street, Stilwell, Oklahoma branch of Arvest Bank,

Joplin, Missouri.*

9/20/2000

5(d)(3) Notice by Arvest Bank, Norman, Oklahoma, to merge with

Arvest United Bank, Oklahoma City, Oklahoma.*

N/Avail.

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

 None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

BKBR First State Bank of Warner, Warner, South Dakota, proposes to

establish a branch at 3401 6th Ave SE, Aberdeen, South

Dakota.*

09/08/2000

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(1) CommunityOne BancShares, Inc., Plymouth, Minnesota,

proposes to become a bank holding company through the

acquisition of 100% of the voting shares of Community Bank of

Plymouth, Plymouth, Minnesota, a de novo bank.*

Fed Reg – 09/18/2000

3(a)(5) Marquette County Financial Corporation, Negaunee, Michigan,

for prior approval to merge with Tanis, Inc., Calumet,

Michigan.*

Fed Reg – 09/18/2000

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

application for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3 (a)(3) Custer Bancorp, Westcliffe, Colorado, for prior approval to

acquire 100 percent of the voting shares of Orchard Valley

Financial Corp., Englewood, Colorado, and thereby, indirectly

acquire First State Bank of Hotchkiss, Hotchkiss, Colorado.

Newspaper – N/Available

FedReg – N/Available

CIC Robert M. and Suzanne P. Wiley, James E. and Rita J. Harris,

John C. Harris, all of Kansas City, Missouri, John M. and Mary

L. Wiley, Marionville, Missouri, Ronald C. Reimer, Mission

Hills, Kansas, and Vincent W. Dean, Leawood, Kansas, to

acquire voting shares of Marshall County Bankshares, Inc.,

Beattie, Kansas, and thereby indirectly acquire voting shares of

Marshall County Bank of Beattie, Beattie, Kansas.

Newspaper – 09/13/2000

FedReg – 09/12/2000

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Member Bank of Locust Grove, Locust Grove, Oklahoma, for prior

approval to become a member of the Federal Reserve System.

Member Swedish-American State Bank, Courtland, Kansas, for prior

approval to become a member of the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Texas Bank, Weatherford, TX, to establish a branch office at

1600 West Rosedale, Fort Worth, TX, 76104*

(previously reported the week ending August 19, 2000)

08/31/2000

Branch Bank of the West, El Paso, TX, to establish a branch office at

8865 Viscount Boulevard, El Paso, TX, 79925*

08/31/2000

*Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(1) Fort Davis Bancshares, Inc., Fort Davis, TX, to acquire

FDB-Nevada, Inc., Carson City, NV, and

Fort Davis State Bank, Fort Davis, TX*

3(a)(1) FDB-Nevada, Inc., Carson City, NV, to acquire

Fort Davis State Bank, Fort Davis, TX*

*Subject to the provisions of the Community Reinvestment Act
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, August 26, 2000

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Grand Comercial Bank, Taipei, Taiwan, to establish a wholesale

branch office in the vicinity of Colima and Agusa Avenues, City

of Industry, California. *

Newspaper - 08/06/2000

* Subject to the provisions of the Community Reinvestment

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

Type Application

Ending date of

comment period

3(a)(1) BOU Bancorp, Inc., to become a bank holding company by

acquiring Bank of Utah, both of Ogden, Utah. *

Newspaper - 09/14/2000

Fed Reg - 09/18/2000

3(a)(1) The Sumitomo Bank, Limited, Osaka, Japan, to become a bank

holding company by acquiring The Sakura Bank, Limited,

Tokyo, Japan. *

Newspaper - N/Avail

Fed Reg - 09/22/2000

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) The Sumitomo Bank, Limited, Osaka, Japan, to engage in

nonbanking activities through the acquisition of the nonbank

subsidiaries of The Sakura Bank, Limited, Tokyo, Japan.

Fed Reg - 09/22/2000
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

4(c)(8) BYL Bancorp, Orange, California, to engage in commercial loan

activities through the acquisition of CNL Commercial Finance,

Inc., Mission Viejo, California.

Member Heritage Bank East Bay, Fremont, California, to become a

member of the Federal Reserve System.

Member Heritage Bank South Valley, Morgan Hill, California, to become

a member of the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None