Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 8 

Week Ending February 22, 2003 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions February 16, 2003 to February 22, 2003 

Regulations And Policies 

Regulation B (Equal Credit Opportunity) -- final amendments regarding collection of data 

on applicants' personal characteristics in connection with nonmortgage credit and record 

retention for prescreened solicitations. 

- Approved, February 19, 2003 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority February 16, 2003 to February 22, 2003 

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 

Atlanta 

Colonial Bank, Montgomery, Alabama -- to establish a branch at 5182 North 

Oceanshore Boulevard, Palm Coast, Florida. 

- Approved, February 19, 2003 

Atlanta 

Red River Bank, Alexandria, Louisiana -- to establish a mobile branch to operate in 

Rapides Parish. 

- Approved, February 21, 2003 

Richmond 

Southern Community Bank and Trust, Winston-Salem, North Carolina -- to establish a 

branch at 2541 East Chester Drive, High Point. 

- Approved, February 19, 2003 

Dallas 

Texas State Bank, McAllen, Texas -- to establish a branch at 423 Highway 6, Sugarland. 

- Approved, February 21, 2003 

San Francisco 

Valley Independent Bank, El Centro, California -- to establish a branch at 6715 North 

Palm Avenue, Fresno. 

- Approved, February 20, 2003 

Bank Holding Companies 

Atlanta 

Buford Banking Group, Inc., Buford, Georgia -- to become a bank holding company 

through the acquisition of Lanier Community Bank, a de novo bank. 

- Approved, February 18, 2003 

Kansas City 

Campbell State Company, Campbell, Nebraska -- to acquire Blue Hill Agency, Inc., 

Blue Hill, and Commercial Bank. 

- Approved, February 21, 2003 

(AC) = Addition or Correction Delegated - Page 1 of 3 
H.2 Actions under delegated authority February 16, 2003 to February 22, 2003 

Bank Holding Companies 

San Francisco 

Atlanta 

Atlanta 

Citizens Bancorp, Grass Valley, California -- to become a bank holding company through 

the acquisition of Citizens Bank of Nevada County, Nevada City. 

- Approved, February 21, 2003 

Coastal Commerce Bancshares, Inc., Houma, Louisiana -- to become a bank holding 

company through the acquisition of Coastal Commerce Bank. 

- Approved, February 21, 2003 

Old Florida Bankshares, Inc., Fort Myers, Florida -- to merge with Marine Bancshares, 

Inc., Naples, and thereby acquire Marine National Bank of Naples. 

- Withdrawn, February 21, 2003 

Bank Mergers 

Kansas City 

Pinnacle Bancorp, Inc., Central City, Nebraska -- to merge with First National Bank of 

Elwood, Elwood, and thereby establish a branch. 

- Approved, February 19, 2003 

Bank Premises 

St. Louis 

First State Bank of DeQueen, DeQueen, Arkansas -- to increase its investment in 

premises. 

- Approved, February 20, 2003 

Competitive Factors Reports 

Minneapolis 

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

proposed acquisition of the Mankato, Minnesota, branch of Alliance Bank, New Ulm. 

- Submitted, February 21, 2003 

(AC) = Addition or Correction Delegated - Page 2 of 3 
H.2 Actions under delegated authority February 16, 2003 to February 22, 2003 

Competitive Factors Reports 

Atlanta 

Farmers & Merchants Bank, Lakeland, Georgia -- report on competitive factors of the 

proposed merger with The United Banking Company, Nashville. 

- Submitted, February 19, 2003 

San Francisco 

J.P. Morgan Trust Company, National Association, Los Angeles, California -- report on 

competitive factors of the proposed merger with The Chase Manhattan Trust Company 

of Illinois, Chicago, Illinois. 

- Submitted, February 19, 2003 

Extensions Of Time 

Kansas City 

Atlanta 

Boston 

Community Bankshares, Inc., Greenwood Village, Colorado -- extension to March 15, 

2003, to acquire Community Banks of Tracy, Tracy, California. 

- Granted, February 21, 2003 

Compass Bank, Birmingham, Alabama -- extension to April 5, 2004, to establish a 

branch at Castle Pines Parkway and I-25, Denver, Colorado. 

- Granted, February 20, 2003 

Port Financial Corp., Brighton, Massachusetts -- extension to May 23, 2003, to increase 

its interest in Cambridge Bancorp, Cambridge. 

- Granted, February 21, 2003 

Financial Holding Companies 

General Counsel 

F.N.B. Corporation, Naples, Florida -- request for an exemption under the Depository 

Institutions Management Interlocks Act and Regulation L. 

- Granted, February 21, 2003 

(AC) = Addition or Correction Delegated - Page 3 of 3 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

BKBR HSBC Bank USA, Buffalo, New York, to establish a branch Newspaper – 3/17/2003 

office at 225 West Valley Blvd., San Gabriel, California. 

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, February 22, 2003 

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 

4(c)(8) Royal Bancshares of Pennsylvania, Inc., Narberth, PA, to extend N/Avail 

credit and service loans through it's wholly own subsidiary 

Royal Equity Partners, Narberth, PA 

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, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(5) Charter One Financial, Inc., Cleveland, OH to acquire Advance Newspaper - 03/16/2003 

Bancorp, Inc., Homewood, IL * Fed Reg - 03/24/2003 

*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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch New Peoples Bank, Inc., Honaker, Virginia, to establish a 

branch on U. S. Route 460, Grundy, Virginia.* 

Newspaper - 03/03/2003 

Branch Cecil Federal Bank, Elkton, Maryland, to establish a branch at 

56 Rising Sun Towne Center, Rising Sun, Maryland.* 

Newspaper - 03/06/2003 

Branch Valley Bank, Roanoke, Virginia, to establish a branch at 3844 

Keagy Road, Roanoke, Virginia.* 

Newspaper - 03/14/2003 

*Subject to the provisions of the Community Reinvestment Act. 

Section II – Applications subject to both newspape r and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(3) Virginia Financial Group, Inc., Culpeper, Virginia, to acquire Fed Reg - 03/24/2003 

9.9% of the voting shares of Albemarle First Bank, Newspaper - N/Avail 

Charlottesville, Virginia.* 

*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 Fe deral 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 

28064 St. Michaels Bank 09/09/2002 02/22/2003 S X 

213 Talbot Street 

St. Michaels, Maryland 21663 

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, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(5) Old Florida Bankshares, Inc., Fort Myers, Florida, to merge with Newspaper-N/Avail 

Marine Bancshares, Inc., Naples, Florida, and thereby acquire its Fed Reg-03/21/2003 

subsidiary, Marine National Bank of Naples, Naples, Florida. 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

COM Appalachian Bancshares, Inc., Ellijay, Georgia, commitment 

waiver request. 

COM Heartland Bancshares, Inc., Sebring, Florida, commitment 

waiver request. 
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 

381334 Alabama Exchange Bank 

Post Office Box 830728 

Tuskegee, Alabama 36083 

(334) 727-1730 

889036 Commercial Bank of Florida 

1550 SW 57 Avenue 

Miami, Florida 33144 

(305) 267-1200 

11/04/2002 02/17/2003 S X 

11/04/2002 02/16/2003 S X 

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, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) First Banking Center, Burlington, Wisconsin, to purchase the Newspaper – N/Avail 

assets and assume liabilities of the Walworth branch of North 

Shore Bank, FSB, Brookfield, Wisconsin.* 

* 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) Capitol Bancorp, Ltd., Lansing, Michigan, through its 

subsidiary, First California Southern Bancorp, San Diego, 

California, to acquire 51 percent of the voting shares of First 

International Bank, Chula Vista, California.* 

CIC Notice by the Eldred 2002 Family Trust, Beloit, Wisconsin, and 

Co-Trustees Helen M. Eldred, Beloit, Wisconsin, Susan E. 

Boettcher, Wauwatosa, Wisconsin, Steven M. Eldred, Beloit, 

Wisconsin, and Richard J. Langer, Madison, Wisconsin, to 

acquire control of Centre 1 Bancorp, Inc., Beloit, Wisconsin, 

and thereby indirectly acquire First National Bank and Trust 

Company of Beloit, Beloit, Wisconsin. 

3(a)(1) First California Southern Bancorp, San Diego, California, to 

become a bank holding company by acquiring 51 percent of the 

voting shares of First International Bank, Chula Vista, 

California.* 

3(a)(3) Iroquois Bancorp, Inc., Gilman, Illinois, to acquire 42.19 percent 

of the voting shares of JW Bancorp, Inc., Winchester, Illinois, 

and thereby indirectly acquire John Warner Financial 

Corporation, Clinton, Illinois and The John Warner Bank, 

Clinton, Illinois.* 

Fed Reg – 03/24/2003 

Newspaper – N/Avail 

Fed Reg – 02/10/2003 

Newspaper – 02/22/2003 

Fed Reg – 3/24/2003 

Newspaper – N/Avail 

Fed Reg – 03/24/2003 

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

Ending date of 

Type Application comment period 

3(a)(1) JW Bancorp, Inc., Winchester, Illinois, to become a bank 

holding company by acquiring 100 percent of the voting shares 

of John Warner Financial Corporation, Clinton, Illinois, and 

thereby indirectly acquire The John Warner Bank, Clinton, 

Illinois.* 

Fed Reg – 03/24/2003 

Newspaper – N/Avail 

CIC Notice by Ronald W. Plassman, Fort Wayne, Indiana, to acquire 

an additional 1,360 shares or 34 percent and thereby increase his 

aggregate ownership to 54 percent, of Knisely Financial Corp., 

Butler, Indiana, and thereby indirectly acquire Knisely Bank, 

Butler, Indiana. 

Fed Reg – 02/24/2003 

Newspaper – N/Avail 

3(a)(3) Standard Bancshares, Inc., Hickory Hills, Illinois, to acquire 100 

percent of the voting shares of East Side Bancorporation, Inc., 

Chicago, Illinois, and thereby indirectly acquire BankChicago, 

Chicago, Illinois.* 

Fed Reg – 03/03/2003 

Newspaper – 02/20/2003 

* 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) Northern Trust Corporation, Chicago, Illinois, to acquire all of 

the outstanding voting securities of Legacy South, Inc., Atlanta, 

Georgia, and thereby to engage in financial and investment 

advisory activities. 
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, February 22, 2003 

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 the C & J Bennett Family Limited Partnership, 

Hardinsburg, Kentucky, to gain control of 17.9 percent of 

Farmers Bancshares, Inc., Hardinsburg, Kentucky 

("Bancshares"), and the Bennett Family Group, Hardinsburg, 

Kentucky, to retain 59.1 percent of Bancshares. The Bennett 

Family Group is comprised of the C & J Bennett Family Limited 

Partnership, David and Marie Bennett, Leitchfield, Kentucky; 

Mitchell, Pam and Mason Bennett, Hardinsburg, Kentucky; 

Rebecca Bennett, Scottsville, Kentucky; Sarah Bennett, 

Gardner, Colorado; Annette Martin, Hardinsburg, Kentucky; 

Farmers Bancshares Employees Stock Option Plan, 

Hardinsburg, Kentucky; and Charles D. and Jeanette Bennett, 

Hardinsburg, Kentucky. 

3A3 Scott County Bancorp, Inc., Winchester, Illinois, to acquire 

42.19 percent of the voting shares of JW Bancorp, Inc., 

Winchester, Illinois, and thereby indirectly acquire John Warner 

Financial Corporation, Clinton, Illinois, and The John Warner 

Bank, Clinton, Illinois. 

Newspaper – 03/13/2003 

Fed Reg – 03/12/2003 

Newspaper – N/Avail 

Fed Reg – 03/21/2003 

* 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 Harrodsburg First Financial Bancorp, Inc., Harrodsburg, 

Kentucky, to acquire 30 percent of the voting shares of First 

South Credit of Versailles, Inc., Versailles, Kentucky, and 

thereby engage in consumer finance activities. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, February 22, 2003

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

3A5 First National Bancorp, Inc., Libby, Montana to merge with 

Montana First National Bancorporation, Kalispell, Montana, and 

thereby indirectly acquire Montana First National Bank, 

Kalispell, Montana*

Fed Reg- 02/10/2003

Newspaper- 02/18/2003

*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, February 22, 2003 

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) Bethlehem Financial Corporation, Belen, New Mexico, to Newspaper - N/Available 

become a bank holding company through the acquisition of 100 Fed Reg - N/Available 

percent of the voting shares of Bank of Belen, Belen, New 

Mexico. 

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 

360852 Gold Bank 11/12/2002 02/20/2003 S X 

101 N. Main Street 

Hennessey, Oklahoma 73742-0724 

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, February 22, 2003 

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 Stanton Boyce Brown, Waco, TX, only notificant, to aquire an Fed Reg – 03/12/2003 

interest in Extraco Corporation, Waco, TX Newspaper – N/Avail 

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, February 22, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch County Bank, Merced, California, to establish a branch facility 

at the intersection of Nees and Blackstone, Fresno, California.* 

Newspaper – 02/26/2003 

Branch Hanmi Bank, Los Angeles, California, to establish a branch 

facility to be located at 726 E.12

th Street #211, Los Angeles, 

California.* 

Newspaper – 02/25/2003 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Notice by Alan Wilber Rolley, Dallas, Texas, and Blake Alan Newspaper – N/Avail 

Rolley, Flagstaff, Arizona, acting in concert, to increase their Fed Reg – 02/04/2003 

ownership up to 33.06 percent of Arizona Bancshares, Inc., 

Flagstaff, Arizona.* 

* 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 

4(c)(8) Bay View Capital Corporation, San Mateo, California, to engage Fed Reg – 03/11/2003 

directly in certain nonbanking activities through the acquisition 

of Bay View Acceptance Corporation, San Mateo, California, 

pursuant to section 225.28(b)(1) of Regulation Y. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

3(a)(5)(C) Foundation Bancorp, Inc., Bellevue, Washington, to become a 

bank holding company by acquiring 100 percent of Foundation 

Bank, Bellevue, Washington. 

Member Ireland Bank, Malad City, Idaho, voluntarily withdraws from 

Withdrawal membership in 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 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None