Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 4

Week Ending January 26, 2002

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions January 20, 2002 to January 26, 2002 

Testimony And Statements 

State of the Economy -- statement by Chairman Greenspan before the Senate Budget 

Committee. 

- Published, January 24, 2002 

Bank Mergers 

SunTrust Bank, Atlanta, Georgia -- commenter's request for reconsideration of the 

Board's approval of the application to acquire the Florida operations of The 

Huntington National Bank, Columbus, Ohio. 

- Denied, January 23, 2002 

Regulations And Policies 

Regulation C (Home Mortgage Disclosure) -- amendments to improve the quality 

and consistency of data collected on home mortgage loans by requiring lenders to 

disclose pricing data on higher cost loans, expanding the number of nondepository 

institutions subject to reporting requirements, and revising certain regulatory 

definitions. 

- Approved, January 23, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority January 20, 2002 to January 26, 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 

Chicago 

Comerica Bank, Detroit, Michigan -- to establish a branch at 1237 South Lapeer Road, 

Lake Orion. 

- Approved, January 22, 2002 

Chicago 

Comerica Bank, Detroit, Michigan -- to establish a branch at Grand River and Latson 

Roads, Genoa Township. 

- Approved, January 25, 2002 

Cleveland 

Fifth Third Bank, Grand Rapids, Michigan -- to establish a branch at 2530 Marfitt Road, 

East Lansing. 

- Approved, January 23, 2002 

Minneapolis 

First Interstate Bank, Billings, Montana -- to establish a branch at 4612 Rue Terre, 

Cheyenne, Wyoming. 

- Approved, January 25, 2002 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 685 South Babcock 

Street, Melbourne, Florida. 

- Approved, January 23, 2002 

Bank Holding Companies 

Kansas City 

Buerge Bancshares, Inc., Joplin, Missouri -- to acquire Sarcoxie Bancorp, Inc., Sarcoxie, 

and First National Bank of Sarcoxie, and to acquire Grand Lake Bancorp, Inc., Tulsa, 

Oklahoma, and Grand Lake Bank. 

- Approved, January 25, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 4 
H.2 Actions under delegated authority January 20, 2002 to January 26, 2002 

Bank Holding Companies 

Atlanta 

F.N.B. Corporation, Naples, Florida -- waiver of application for the merger with Central 

Bank Shares, Inc., Orlando, in connection with the acquisition of Central's subsidiary 

bank, Bank of Central Florida. 

- Granted, January 25, 2002 

St. Louis 

Hardin County Bancorp, Inc., Rosiclare, Illinois -- to become a bank holding company 

through the acquisition of State Bank of Rosiclare. 

- Approved, January 24, 2002 

Chicago 

Macatawa Bank Corporation, Holland, Michigan -- to acquire Grand Bank Financial 

Corporation, Grand Rapids, and Grand Bank. 

- Approved, January 25, 2002 

Minneapolis 

Odin Bancshares, Inc., Odin, Minnesota -- to become a bank holding company through 

the acquisition of Odin State Bank. 

- Approved, January 24, 2002 

Director, BS&R 

Sumitomo Mitsui Banking Corporation, Osaka, Japan -- relief from certain commitments. 

- Granted, January 23, 2002 

Change In Bank Control 

Chicago 

Vermilion Bancorp, Inc., Danville, Illinois -- change in bank control. 

- Permitted, January 25, 2002 

Competitive Factors Reports 

St. Louis 

BancorpSouth Bank, Tupelo, Mississippi -- report on competitive factors of the 

proposed merger with Pinnacle Bank, Little Rock, Arkansas. 

- Submitted, January 22, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 4 
H.2 Actions under delegated authority January 20, 2002 to January 26, 2002 

Competitive Factors Reports 

Dallas 

Citizens National Bank, Henderson, Texas -- report on competitive factors of the 

proposed acquisition of two Corsicana branches of Cedar Creek Bank, Seven Points. 

- Submitted, January 25, 2002 

St. Louis 

Atlanta 

Dallas 

Community Bank of Southern Indiana, New Albany, Indiana -- report on competitive 

factors of the proposed merger with Heritage Bank of Southern Indiana, Jeffersonville. 

- Submitted, January 24, 2002 

First National Bank, Hamilton, Alabama -- report on competitive factors of the proposed 

merger with Bank of Carbon, Carbon Hill; Bank of Berry, Berry; and Bank of Parrish, 

Parrish. 

- Submitted, January 23, 2002 

Northstar Bank of Texas, Denton, Texas -- report on competitive factors of the 

proposed acquisition of a branch of Jefferson Heritage Bank at 500 Highway 330 South, 

Pilot Point. 

- Submitted, January 24, 2002 

New York 

Partners Trust, MHC, Utica, New York -- report on competitive factors of the proposed 

mergers of SBU Interim Bank I and SBU Interim Bank II with The Savings Bank of Utica 

as part of a conversion and reorganization. 

- Submitted, January 25, 2002 

Extensions Of Time 

Minneapolis 

West End Financial Corp., Bessemer, Michigan -- extension to May 3, 2002, to acquire 

Gogebic Range Bank. 

- Granted, January 25, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 4 
H.2 Actions under delegated authority January 20, 2002 to January 26, 2002 

Financial Holding Companies 

Boston 

Banknorth Group, Inc., Portland, Maine -- election to become a financial holding 

company. 

- Effective, January 25, 2002 

Philadelphia 

First Leesport Bancorp, Inc., Leesport, Pennsylvania -- election to become a financial 

holding company. 

- Effective, January 22, 2002 

Atlanta 

Hancock Holding Company, Gulfport, Mississippi -- election to become a financial 

holding company. 

- Effective, January 25, 2002 

Chicago 

Wintrust Financial Corporation, Lake Forest, Illinois -- election to become a financial 

holding company. 

- Effective, January 23, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 4 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, January 26, 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 

CIC Dorothy M. Mawn, Woburn, Massachusetts; James Lawrence 

Mawn, Malden, Massachusetts; Russell A. Mawn, Vestavia 

Hills, Alabama; the Thomas M. Mawn, Jr., Trust Fund B, 

Woburn, Massachusetts; and Mary Elizabeth Mawn-Ferullo, 

Woburn, Massachusetts; acting in concert; to acquire voting 

shares of Northern Bancorp, Inc., Woburn, Massachusetts, and 

thereby indirectly acquire Northern Bank and Trust Company, 

Woburn, Massachusetts 

CIC James J. Mawn, Gloucester, Massachusetts; Rita M. Mawn, 

Naples, Florida; Rita M. Barger, Manlius, New York; Sheila E. 

Carpenter, San Antonio, Texas; James J. Mawn, Jr., 

Charlestown, Massachusetts; Alicia J. Mawn-Mahlau, and Sam 

A. Mawn-Mahlau, both of Winchester, Massachusetts; Louise S. 

McDonough, Woburn, Massachusetts; Mary E. Negri, Woburn, 

Massachusetts; Mary Catherine Riley, Princeton, New Jersey; 

and the Mawn Family Limited Partnership, Woburn, 

Massachusetts; acting in concert; to acquire voting shares of 

Northern Bancorp, Inc., Woburn, Massachusetts, and thereby 

indirectly acquire Northern Bank and Trust Company, Woburn, 

Massachusetts 

Newspaper – 01/30/2002 

Fed Reg – 01/29/2002 

Newspaper – 01/30/2002 

Fed Reg – 01/29/2002 

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 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, January 19, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18C, MBR Industrial Bank of Japan Trust Company, New York, New York 

to merge with IBJ Whitehall Bank and Trust, New York, New 

York. 

01/18/2002

BKBR JP Morgan Chase Bank, New York, New York, to establish a 

branch office at 300 Crescent Court, Suite 400, Dallas, Texas. 

02/16/2002

BKBR JP Morgan Chase Bank, New York, New York, to establish a 

branch office at 744 Broad Street, Newark, New Jersey. 

02/11/2002

* 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 

3A3A Trustco Bank Corporation of NY, to purchase up to 9.9 percent 

of Troy Financial Corporation, Troy, New York. 

01/27/2002

3A1A, 3A3A, 

3A5A 

Chinatrust Commercial Bank, Ltd., Taipei, China, to acquire 

indirectly 100% of the voting shares of Chinatrust Commercial 

Bank, Ltd., Taipei, Taiwan, and thereby become a BHC through 

the indirect ownership of Chinatrust Bank, Torrance, California. 

N/A

* 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 

4C8ORD Bayerische Hypo-Und Vereinsbank AG, Munich, Germany, to 01/31/2002 

engage in certain nonbanking activities both directly and 

through Identrus LLC, New York, New York. 
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, January 26, 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, January 26, 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 

CIC Received notice from John W. Straker, Bonita Springs, FL and Fed Reg – 02/14/2002 

John W. Straker, Jr., Granville, OH on 01/23/2002 of their intent 

to retain approximately 12 percent of the outstanding voting 

shares of BancFirst Ohio Corp., Zanesville, OH.* 

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 

4C8 Received notice from First Commonwealth Financial 

Corporation, Indiana, PA on 01/23/2002 of its intent to acquire 

Strategic Capital Concepts, Inc., and Strategic Financial 

Advisors, Inc., both located in Pittsburgh, PA. 

4C8 Received notice from Rurban Financial Corp., Defiance, OH on 

01/22/2002 of its intent to invest in the preferred stock of 

Financial Data Technology Corporation, Franklin, TN. 
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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, January 26, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bank of the James, Lynchburg, Virginia, to establish a branch Newspaper - 02/04/2002 

at 4698 South Amherst Highway, Madison Heights, Virginia.* 

*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 

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, January 26, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 6752 Conroy Road, Orlando, Florida, 

01/30/2002*

18(c) Regions Bank, Birmingham, Alabama, to merge with Park 

Meridian Bank, Charlotte, North Carolina. 

02/08/2002*

18(c) Regions Bank, Birmingham, Alabama, to merge with First Bank 

of Texas, Tomball, Texas. 

02/09/2002*

*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 

CIC PCB Bancorp, Inc., Johnson City, Tennessee, prior change in Fed Reg - 02/15/2002 

control notice by Mr. Scott Manship Niswonger to acquire an 

additional 2.5 percent of the outstanding shares of PCB Bancorp, 

Inc., and its subsidiary, People’s Community Bank, both of 

Johnson City, Tennessee. Total ownership will equal 12.3 

percent. 

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) Tennessee Valley Financial Holdings, Inc., Oak Ridge, 

Tennessee, notice to become a bank holding company by 

acquiring TNBANK, Oak Ridge, 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

697633 Compass Bank 02/26/2001 01/20/2002 S X 

Post Office Box 10566 

Birmingham, Alabama 35296 

(205) 933-3000 

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, January 26, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bank Iowa, Altoona, Iowa, for prior approval to establish a 

branch at 215 West Second Street North, Newton, Iowa.* 

Branch Farmers & Merchants Savings Bank, Manchester, Iowa, for 

prior approval to establish a branch office at 200 1st Street, 

S.W., Cedar Rapids, Iowa.* 

18(c) & Branch Town & Country Bank of Springfield, Springfield, Illinois, for 

prior approval to merge with Bank of Palmyra, Palmyra, Illinois 

and thereby to establish a branch at 322 N. Main Street, 

Palmyra, Illinois.* 

Branch Valley Ridge Bank, Kent City, Michigan, for prior approval to 

establish a branch at 1423 W. Main Street, Fremont, Michigan.* 

Newspaper – 01/23/2002 

Newspaper – 01/31/2002 

Newspaper – N/Avail 

Newspaper – 01/31/2002 

* 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) Central Bancshares, Inc., Muscatine, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Marquette Bank 

Illinois, Galesburg, Illinois.* 

Fed Reg – 02/08/2002 

Newspaper – 02/04/2002 

3(a)(5) First Merchants Corporation, Muncie, Indiana, for prior 

approval to acquire 100 percent of the voting shares of Lafayette 

Bancorporation, Lafayette, Indiana and thereby indirectly 

acquire Lafayette Bank and Trust Company, Lafayette, Indiana.* 

Fed Reg – 02/11/2002 

Newspaper – N/Avail 

3(a)(3) Grant County State Bancshares, Inc. Employees Stock 

Ownership Plan, Swayzee, Indiana, for prior approval to acquire 

additional shares to increase control from 31.99 percent to 33.28 

percent of the voting shares of Grant County State Bancshares, 

Inc., Swayzee, Indiana and thereby indirectly acquire Grant 

County State Bank, Swayzee, Indiana.* 

Fed Reg – N/Avail 

Newspaper – 02/18/2002 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(3) Illini Corporation, Springfield, Illinois, for prior approval to 

acquire 100 percent of the voting shares of Illinois Community 

Bancorp, Inc., Effingham, Illinois and thereby indirectly acquire 

Illinois Community Bank, Effingham, Illinois.* 

Fed Reg – 02/04/200 

Newspaper – 02/07/2002 

CC Notification by Douglas & Mary Kapnick, Mary E. Kapnick 

Trust, Douglas L. Kapnick Trust and Elmer L. Kapnick Trust, of 

a Change in Control of Lenawee Bancorp, Inc., Adrian, 

Michigan. 

Fed Reg – 01/23/2002 

Newspaper – 01/20/2002 

3(a)(5) Marshall & Ilsley Corporation, Milwaukee, Wisconsin, for prior 

approval to acquire 100 percent of the voting shares of Century 

Bancshares, Inc., Eden Prairie, Minnesota and thereby indirectly 

acquire Century Bank, National Association, Eden Prairie, 

Minnesota.* 

Fed Reg – 02/04/2002 

Newspaper – 01/27/2002 

Notification by John T. Dancer, of a Change in Control to retain 

32.67 percent of Stockbridge Bancorporation, Inc., Stockbridge, 

Michigan. 

Fed Reg – N/Avail 

Newspaper – 02/09/2002 

3(a)(1) TCSB Bancorp, Inc., Traverse City, Michigan, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Traverse City 

State Bank, Traverse City, Michigan.* 

Fed Reg – 01/11/2002 

Newspaper – 01/19/2002 

* 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 

4(c)(8) National Bancshares, Inc., Bettendorf, Iowa, for prior approval 

to engage in the permissible nonbanking activity of community 

development. 

Membership Pacific Global Bank, Chicago, Illinois, for prior approval to 

become a member of the Federal Reserve System. 

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

Type Application 

3(a)(1) Notice PGB Holdings, Inc., Chicago, Illinois, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of Pacific Global Bank, Chicago, 

Illinois. 

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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, January 26, 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 

Membership Notice by Progress Bank, Sullivan, Missouri, to become a statechartered 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

657459 Midwest BankCentre 9/24/2001 1/22/2002 S X 

Lemay, Missouri 

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, January 26, 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 

CIC Notice by Mildred M. Hansen Trust and Mildred M. Hansen 

individually and as trustee of the Mildred M. Hansen Trust, to 

gain control of Currie Bancorporation, Inc., Currie, Minnesota. 

Fed. Reg. – 02/11/2002 

Newspaper – N/Avail. 

3(a)(3) Frandsen Financial Corporation, Arden Hills, Minnesota, for 

prior approval to acquire 100% of the voting shares of 

Community National Corporation, Grand Forks, North Dakota.* 

Fed. Reg. – 02/25/2002 

Newspaper – 02/25/2002 

3(a)(3) Border Bancshares, Inc., Greenbush, MN, for prior approval to 

acquire 80% of the voting shares of Northern Plains Bancshares, 

Inc., Thief River Falls, Minnesota.* 

Fed. Reg. – N/Avail. 

Newspaper – N/Avail. 

*Subject to the provision 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, January 26, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Security State Bank, Basin, Wyoming, for prior approval to 

establish a branch at 725 Big Horn Avenue, Worland, Wyoming. 

Newspaper – 01/25/2002 

Branch First United Bank, Englewood, Colorado, for prior approval to 

establish a mobile branch at 730 17th Street, Denver, Colorado. 

Newspaper – 01/25/2002 

Branch First United Bank, Englewood, Colorado, for prior approval to 

establish a mobile branch at 1310 United Heights, Colorado 

Springs, Colorado. 

Newspaper – 01/25/2002 

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

Ending date of 

Type Application comment period 

CIC Romayne S. Baker, Jr., Enid, Oklahoma, to acquire control of 

Central Service Corporation, Enid, Oklahoma, parent of Central 

National Bank and Trust Company of Enid, Enid, Oklahoma. 

CIC Richard S. Nelson, Powell, Wyoming, to acquire control of First 

Company, Powell, Wyoming, parent of First National Bank and 

Trust Company, Powell, Wyoming. 

CIC Edward Palmer Milbank, Chillicothe, Missouri, as trustee 

of the Edward P. Milbank Trust and the John P. Milbank 

Trust, both of Chillicothe, Missouri; to retain control of 

IFB Holdings, Inc., Chillicothe, Missouri, parent of 

Investors Federal Bank, National Association, Chillicothe, 

Missouri. 

Newspaper – N/Available 

Fed Reg – 02/12/2002 

Newspaper – 12/26/2001 

Fed Reg – 02/05/2002 

Newspaper – N/Available 

Fed Reg – 02/14/2002 

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 

Member Cowboy State Bank, Ranchester, Wyoming 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

941952 Union Bank of Chandler 

1001 Manvel Avenue 

Chandler, Oklahoma 74834-3853 

10/22/2001 01/22/2002 S X

385547 Citizens Farmers Bank of Cole Camp 

121 E. Main Street 

Cole Camp, Missouri 65325 

10/22/2001 01/24/2002 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, January 26, 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) Outsource Holdings, Inc., Lubbock, TX, to acquire Outsource 

Delaware Holdings, Inc., Lubbock, TX, and First Citizens Bank, 

N.A., Dallas, TX* (previously reported the week ending January 

19, 2002) 

Fed Reg – 02/15/2002 

Newspaper – 02/10/2002 

3(a)(1) Outsource Delaware Holdings, Inc., Lubbock, TX, to acquire 

First Citizens Bank, N.A., Dallas, TX* (previously reported the 

week ending January 19, 2002) 

Fed Reg – 02/15/2002 

Newspaper – 02/10/2002 

*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 

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, January 26, 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) Landmark Bancorp, Anaheim, California, to become a bank 

holding company by acquiring up to 100 percent of Greater 

Pacific Bancshares, Whittier, California.* 

Newspaper – N/Avail Fed 

Reg – 2/26/2002 

3(a)(1) Sinopac Holdings, Taipei, Taiwan, to become a bank holding 

company by acquiring Far East National Bank, Los Angeles, 

California.* 

Newspaper – 2/12/2002 

Fed Reg – 2/11/2002 

* 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 

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 

657365 Hanmi Bank 09/10/2001 01/23/2002 S X 

3660 Wilshire Boulevard 

Penthouse, Suite A 

Los Angeles, CA 90010-2706 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None