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 27, 2001

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions January 21, 2001 to January 27, 2001

Testimony And Statements

Federal budget and fiscal policy -- statement by Chairman Greenspan before the Senate 

Budget Committee.

- Published, January 25, 2001 

Bank Holding Companies

The Chase Manhattan Corporation, New York, New York -- commenter's request for 

reconsideration of the Board's approval of the application to acquire J.P. Morgan & Co., 

Inc.

- Denied, January 24, 2001 

(AC) = Addition or Correction Board - Page 1 of 1
January 21, 2001 to January 27, 2001

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulatio

Consumer and Community Affai

Federal Open Market Committ

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Managemen

H.2 Actions under delegated authority

Bank Branches, Domestic

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 15000 Tamiami Trail, 

North Port, Florida.

- Approved, January 22, 2001 

Secretary

Bank of Elmwood, Racine, Wisconsin -- to establish a branch at State Highway 31 and 

Washington Road, Kenosha.

- Approved, January 22, 2001 

Chicago

Fifth Third Bank, Kentucky, Inc., Louisville, Kentucky -- to establish a branch at 828 

East High Street, Lexington.

- Approved, January 24, 2001 

St. Louis

Bank Holding Companies

The Bank of New York Company, Inc., New York, New York -- relief from certain 

commitments.

- Granted, January 23, 2001 

Director, BS&R

Clayco Banc Corporation, Claycomo, Missouri -- to become a bank holding company 

through the acquisition of Clayco Bancshares, Inc.

- Approved, January 24, 2001 

Kansas City

Comanche National Corporation, Comanche, Texas -- to become a bank holding 

company through the acquisition of Comanche National Corporation of Delaware, 

Wilmington, Delaware, and Comanche National Bank, Comanche, Texas; and for 

Comanche National Corporation of Delaware to become a bank holding company 

through the acquisition of Comanche National Bank.

- Approved, January 26, 2001 

Dallas

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority January 21, 2001 to January 27, 2001

Bank Holding Companies

Farmers Financial Corporation, Bolivar, Missouri -- to become a bank holding company 

through the reorganization of Farmers State Bank, S/B, Schell City.

- Approved, January 24, 2001 

Kansas City

Fifth Third Bancorp, Cincinnati, Ohio -- commenter's request to extend the comment 

period for the proposed acquisition of Old Kent Financial Corporation, Grand Rapids, 

Michigan.

- Denied, January 24, 2001 

Secretary

Lakeland Financial Corporation, Round Lake Heights, Illinois -- to acquire through its 

subsidiary, Lakeland Community Bank, shares of Lakeland Financial Services, LLC, and 

thereby engage de novo in insurance activities in a town with a population of less than 

5,000.

- Approved, January 23, 2001 

Chicago

Liberty Bancorp, South San Francisco, California -- to become a bank holding company 

through the acquisition of Liberty Bank.

- Approved, January 24, 2001 

San Francisco

Michigan National Corporation, Farmington Hills, Michigan -- to acquire Standard 

Federal Bancorporation, Inc., Troy, and thereby indirectly acquire Standard Federal 

Bank and engage in operating a savings association.

- Approved, January 23, 2001 

Chicago

PSB Bancorp, Inc., Philadelphia, Pennsylvania -- to acquire shares of Jade Financial 

Corp., Feasterville.

- Approved, January 26, 2001 

Philadelphia

Savings Bancorp, Inc., Circleville, Ohio -- to acquire The Savings Bank.

- Approved, January 24, 2001 

Cleveland

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority January 21, 2001 to January 27, 2001

Bank Holding Companies

SouthTrust Corporation, Birmingham, Alabama; and SouthTrust Bank of Alabama, 

Inc. -- waiver of application in connection with the proposed merger of SouthTrust Bank 

with Independent National Bank, Irving, Texas, a subsidiary of Irving National 

Bancshares, Inc. 

- Granted, January 25, 2001 

Atlanta

United Bancshares, Inc., Columbus Grove, Ohio -- to acquire Citizens Bank of Delphos, 

Delphos.

- Approved, January 26, 2001 

Cleveland

Wachovia Corporation, Winston-Salem, North Carolina -- to acquire Republic Security 

Financial Corporation, West Palm Beach, Florida.

- Approved, January 24, 2001 

Richmond

Woodford Bancshares, Inc., Monroe, Wisconsin -- to become a bank holding company 

through the acquisition of Woodford State Bank, Woodford.

- Approved, January 23, 2001 

Chicago

Banks, Foreign

Stichting Prioriteit ABN AMRO Holding, Amsterdam, The Netherlands; Stichting 

Administratiekantoor ABN AMRO Holding; ABN AMRO Holding N.V.; ABN AMRO 

Bank N.V.; ABN AMRO North America Holdings Company, Chicago, Ilinois; and 

ABN AMRO North America, Inc. -- to acquire Michigan National Corporation, 

Farmington Hills, Michigan, and thereby indirectly acquire Michigan National Bank; 

acquire Independence One Life Insurance Company, Phoenix, Arizona, and thereby 

engage in acting as principal, agent, or broker for credit-related insurance; and acquire 

Independence One Capital Management Corporation, Farmington Hills, and thereby 

engage in providing financial and investment advisory services.

- Approved, January 23, 2001 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority January 21, 2001 to January 27, 2001

Banks, Nonmember, And Miscellaneous Institutions

BNY Midwest Trust Company, Chicago, Illinois -- transfer agent registration.

- Approved, January 25, 2001 

Director, BS&R

MWB Nevada, Inc., Carson City, Nevada -- transfer agent registration.

- Approved, January 19, 2001 (AC)

Dallas

Change In Bank Control

DB Holding Company, Omaha, Nebraska -- change in bank control.

- Permitted, January 26, 2001 

Kansas City

First Paris Limited Partnership, Little Rock, Arkansas -- change in bank control.

- Permitted, January 26, 2001 

St. Louis

Lake Hamilton Enterprises Limited Partnership, Little Rock, Arkansas -- change in bank 

control.

- Permitted, January 26, 2001 

St. Louis

Ohnward Bancshares, Inc., Maquoketa, Iowa -- change in bank control notices and 

determination that notificants would be qualified family partnerships.

- Permitted, January 22, 2001 

Secretary

Competitive Factors Reports

Cohoes Savings Bank, Cohoes, New York -- report on competitive factors of the 

proposed merger with Hudson River Bank & Trust Company, Hudson.

- Submitted, January 22, 2001 

New York

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority January 21, 2001 to January 27, 2001

Competitive Factors Reports

Preferred Bank, Houston, Texas -- report on competitive factors of the proposed merger 

with Interim Federal Savings Bank.

- Submitted, January 26, 2001 

Dallas

Resource Trust Company, Minneapolis, Minnesota -- report on competitive factors of the 

proposed merger with U.S. Trust Company, Greenwich, Connecticut.

- Submitted, January 25, 2001 

San Francisco

Sun Bank, Selinsgrove, Pennsylvania -- report on competitive factors of the proposed 

purchase of a branch of Mellon Bank, N.A., Pittsburgh, Pennsylvania.

- Submitted, January 26, 2001 

Philadelphia

Extensions Of Time

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- extension to April 28, 2001, to 

acquire shares of Chester Valley Bancorp, Inc., Downingtown, Pennsylvania.

- Granted, January 18, 2001 (AC)

Philadelphia

Eureka Springs Bancshares Inc., Eureka Springs, Arkansas, -- extension to March 28, 

2001, to become a bank holding company through the acquisition of Bank of Eureka 

Springs and for The John F. Cross Family Limited Partnership II , and its general partner, 

JFC, Inc., to become bank holding companies through Partnership's ownership of 

Bancshares stock.

- Granted, January 26, 2001 

St. Louis

Farmers & Merchants Bank, Timberville, Virginia -- extension to March 26, 2001, to 

acquire the Edinburg and Woodstock, Virginia,branches of First Union National Bank, 

Charlotte, North Carolina.

- Granted, January 26, 2001 

Richmond

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority January 21, 2001 to January 27, 2001

Extensions Of Time

Futurus Financial Services, Inc., Roswell, Georgia -- extension to April 28, 2001, to 

become a bank holding company through the acquisition of Futurus Bank, N.A.

- Granted, January 26, 2001 

Atlanta

Santa Lucia Bank, Atascadero, California -- extension to February 1, 2002, to establish 

a branch at 1801 South Broadway, Santa Maria.

- Granted, January 25, 2001 

San Francisco

State Street Bank and Trust Company, Boston, Massachusetts -- extension to December 

8, 2001, to invest an amount in excess of 10 percent of its capital and surplus in its Edge 

corporations.

- Granted, January 25, 2001 

Director, BS&R

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, January 27, 2001

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

Regulation K State Street Bank and Trust Company, Boston, Massachusetts -

to establish a branch in the Republic of Singapore

Regulation K State Street Bank and Trust Company, Boston, Massachusetts -

to establish branch offices in the Toronto (Ontario), Canada and

Montreal (Quebec), Canada

Regulation K The Royal Bank of Scotland plc, Edinburgh, Scotland to

establish a state-licensed representative office in Houston, Texas
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, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

* 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)/3(a)(5) Financial Institutions, Inc., Warsaw, New York, to acquire Bath

National Corporation, and its wholly-owned subsidiary, Bath

National Bank, both of Bath, New York.

Newspaper – 02/14/2001

Fed Reg – 02/16/2001

* 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

Investment Chase Manhattan Bank, New York, New York, to make an

additional investment in its subsidiaries: Chemical Finance Ltd.,

Chase EU Holdings Ltd., and Robert Fleming & Co., all of the

United Kingdom.

N/Avail
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, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository 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, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository 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, January 27, 2001

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)(1) Southern Community Financial Corporation, Winston-Salem,

North Carolina, to become a bank holding company through

the acquisition of 100% of the voting shares of Southern

Community Bank and Trust, Winston-Salem, North Carolina.*

Fed Reg - 02/22/2001

Newspaper - 02/15/2001

*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

3(a)(1) MountainBank Financial Corporation, Hendersonville, North

Carolina, to become a bank holding company though the

acquisition of 100% of the voting shares of MountainBank,

Hendersonville, North Carolina.
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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, January 27, 2001

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) Trustmark Corporation, Jackson, Mississippi, to merge with

Barret Bancorp, Inc., Barretville, Tennessee, and thereby

directly acquire Peoples Bank, Barretville, Tennessee, and

Somerville Bank & Trust Company, Somerville, Tennessee.

Newspaper – 02/29/2001*

CIC Coffee County Bancshares, Inc., Manchester, Tennessee, prior

notification filed by Daniel C. Powers, Betsy Powers, and

Pamela Powers Hollis, all of Manchester, Tennessee, to

collectively as a group own 17.5245 percent of the outstanding

shares of stock of Coffee County Bancshares, Inc., and its

subsidiary, Coffee County Bank, both of Manchester,

Tennessee.

Fed Reg – 01/25/2001

*Subject to 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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First American Bank, Carpentersville, Illinois, for prior approval

to establish a branch at the southeast corner of Meacham and

Biesterfield Roads, Elk Grove Village, Illinois.*

Newspaper – 02/06/2001

18c & Branch Security State Bank, New Hampton, Iowa, for prior approval to

merge with its affiliate bank, Security State Bank, Calmar, Iowa

and thereby to establish branches at 102 W. Main, Calmar, Iowa

and 106 E. Main, Ossian, Iowa.*

Newspaper – 02/12/2001

18c &

 Branch

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior

approval to merge with M&I Bank of LaCrosse, LaCrosse,

Wisconsin, M&I Bank South Central, Watertown, Wisconsin,

M&I Bank South, Janesville, Wisconsin, M&I Bank of

Mayville, Mayville, Wisconsin, M&I Community State Bank,

Eau Claire, Wisocnsin, M&I Bank of Southern Wisconsin,

Madison, Wisconsin and M&I Thunderbird Bank, Phoenix,

Arizona and thereby to establish 74 branches.*

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) Worth Bancorp, Spartanburg, Indiana, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of Greensfork Township State Bank,

Spartanburg, Indiana.*

Fed Reg – 01/30/2001

Newspaper – N/Avail

3(a)(1) First BancTrust Corporation, Paris, Illinois, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of First Bank & Trust, S.B., Paris,

Illinois.*

Fed Reg – 01/22/2001

Newspaper – 02/12/2001

3(a)(1) Thumb National Bank & Trust Company Employee Stock

Ownership Plan, Pigeon, Michigan, for prior approval to become

a bank holding company through the acquisition of 30.52

percent of the voting shares of Thumb Bancorp, Inc., Pigeon,

Michigan and thereby indirectly acquire Thumb National Bank

& Trust Company, Pigeon, Michigan.*

Fed Reg – 01/29/2001

Newspaper – 01/25/2001
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) Alpha Financial Group, Inc. Employee Stock Ownership Plan,

Toluca, Illinois, for prior approval to become a bank holding

company through the acquisition of 31.61 percent of the voting

shares of Alpha Financial Group, Inc., Minonk, Illinois and

thereby indirectly acquire Alpha Community Bank, Toluca,

Illinois.*

Fed Reg – 02/01/2001

Newspaper – 01/28/2001

3(a)(1) American Bancorporation, Cedar Falls, Iowa, for prior approval

to become a bank holding company through the acquisition of

100 percent of The Newburg Corporation, Saint Ansgar, Iowa,

and thereby indirectly acquire Cedar Valley State Bank, Saint

Ansgar, Iowa.*

Fed Reg – 02/09/2001

Newspaper – 02/02/2001

3(a)(3) First Capital Bankshares, Incorporated, Peoria, Illinois, for prior

approval to acquire 20 percent of the voting shares of

Community Bank of Lemont (in organization), Lemont,

Illinois.*

Fed Reg – 01/05/2001

Newspaper – 02/04/2001

3(a)(3) Admiral Family Banks, Inc., Alsip, Illinois, for prior approval to

acquire 100 percent of the voting shares of Federated Bancorp,

Inc., Onarga, Illinois and thereby indirectly acquire Federated

Bank, Onarga, Illinois.*

Fed Reg – 02/08/2001

Newspaper – 02/02/2001

4(c)(8) FBOP Corporation, Oak Park, Illinois, for prior approval to

acquire 100 percent of the voting shares of PBOC Holdings,

Inc., Los Angeles, California and thereby indirectly acquire

Peoples Bank of California, Los Angeles, California .*

Fed Reg – 01/02/2001

Newspaper – 12/27/2000

3(a)(3) Ames National Corporation, Ames, Iowa, for prior approval to

retain its current 5.39% investment in Mahaska Investment

Company, Oskaloosa, Iowa, and and thereby indirectly acquire

Mahaska State Bank, Oskaloosa, Iowa and Pella State Bank,

Pella, Iowa,*

Fed Reg – 02/05/2001

Newspaper – 12/31/2000

4(c)(8) Ames National Corporation, Ames, Iowa, for permission to

retain its current 5.39% investment in Mahaska Investment

Company, Oskaloosa, Iowa, and thereby indirectly acquire

Midwest Federal Savings and Loan Association of Eastern Iowa,

Burlington, Iowa, and Central Valley Bank, Ottumwa, Iowa.*

Fed Reg – 02/05/2001

Newspaper – N/Avail

CIC Notification by James Albert Kaldenberg and Caryl Kaldenberg

Sharp of a Change in Control to retain current ownership of

31.81 percent and 30.08 percent, respectively, of the outstanding

voting shares of First Iowa State Shares, Inc., Albia, Iowa.

Fed Reg – 01/16/2001

Newspaper – 01/22/2001

CIC Notification by Frank D. Neese of a Change in Control, to

retain control of First Community Bancshares, Inc., Bargersville,

Indiana.

Fed Reg – 02/05/2001

Newspaper – N/Avail

CIC Notification by Mary Garst and Tom Chrystal of a Change in

Control, for their ownership to increase from 23.2258% to

27.0677% following Community Grain Co.'s redemption of 44

shares of its common stock.

Fed Reg – 02/08/2001

Newspaper – 02/07/2001
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) BSB Community Bancorporation, Inc., Benton, Wisconsin, for

prior approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Benton State

Bank, Benton, Wisconsin.*

Fed Reg – 02/26/2001

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) National Australia Bank Limited, Melbourne, Australia,

notification of intent to acquire, indirectly through its whollyowned subsidiary, 02-e Limited, up to 70 percent of the

outstanding voting shares of thinkorswim, Inc., a newly formed

Delaware corporation and thereby engage in providing retail

securities brokerage services over the Internet.

Fed Reg – 01/26/2001

4(c)(8) Alpha Financial Group, Inc. Employee Stock Ownership Plan,

Toluca, Illinois, for prior approval to acquire Alpha Insurance

Services, Inc., Washburn, Illinois and thereby engage in

insurance agency activities.

Fed Reg – 02/01/2001

4(c)(8) Northwest Suburban Bancorp, Inc., Mount Prospect, Illinois,

notification of intent to continue to engage in purchasing loan

participations from its subsidiary banks.

Fed Reg – 01/31/2001

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, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Notice involving Security Bancshares, Inc., Paris, Tennessee, by

Barry P. McIntosh, Jr., Paris, Tennessee, to retain 19.57 percent.

Newspaper – 2/6/2001

Fed Reg – N/Avail.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Membership Application by Union Bank of Benton, Benton, Arkansas, to

become a state-chartered 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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, January 27, 2001

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

4(c)(8) Glacier Bancorp, Inc., Kalispell, Montana, to engage in

community development activities through the acquisition of

COAD Limited Partnership #2, and COAD Limited Partnership

#3, both of Missoula, Montana.

02/13/2001

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, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Five Points Bank, Grand Island, Nebraska, for prior approval to

establish a branch at 404 Woodland Drive, Grand Island,

Nebraska.

Newspaper – 02/03/2001

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

785259 Community Bank of Colorado

101 E. Warren Avenue

Cripple Creek, Colorado 80813

10/30/2000 01/26/2001 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 27, 2001

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)(5) Sterling Bancshares, Inc., Houston, TX, and

Sterling Bancorporation, Inc., Wilmington, DE, to acquire

CaminoReal Bancshares, Inc., San Antonio, TX,

CaminoReal Delaware, Inc., Wilmington, DE, and

CaminoReal Bank, National Association, San Antonio, TX*

(previously reported the week ending January 20, 2001)

Fed Reg – 02/22/2001

Newspaper – 02/12/2001

*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

Change General

Character

Bank of the West, El Paso, TX, for prior approval to engage in

de novo trust 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 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, January 27, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Placer Sierra Bank, Auburn, California, to merge with

Sacramento Commercial Bank, Sacramento, California .*

Newspaper – 02/19/2001

Branch Placer Sierra Bank, Auburn, California, to retain Sacramento

Commercial’s branch office located at 525 J Street, Sacramento,

California.*

Newspaper – 02/19/2001

* 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

Branch

Extension of time

Santa Lucia Bank, Atascadero, California, approved an

extension of time to February 2, 2002, to establish a branch

office to be located at 1801 South Broadway, Santa Monica,

California.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

2646523 Nevada First Bank

2800 West Sahara Avenue

Las Vegas, Nevada 89102

(702) 310-4000

09/25/2000 01/24/2001 S X

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not

intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility

for errors or omissions.

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None