Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 41

Week Ending October 11, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions October 5, 2003 to October 11, 2003

Bank Holding Companies

Cathay Bancorp, Inc., Los Angeles, California -- commenter's request for reconsideration 

of the Board's approval of the application to merge with GBC Bancorp and thereby 

acquire General Bank.

- Denied, October 6, 2003 

Regulations And Policies

Reserve Bank Currency Recirculation Policy -- request for comment on proposed 

changes in the Federal Reserve's cash processing services (Docket No. OP-1164).

- Approved, October 6, 2003 

Reserve Bank Operations

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

Federal Reserve Banks for 2004.

- Announced, October 10, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
October 5, 2003 to October 11, 2003

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

AmSouth Bank, Birmingham, Alabama -- to establish branches at 34 North Barrett 

Square, Panama City Beach, Florida; 2520 Countryside Boulevard, Clearwater; and 

6120 Northwest 1st Place, Gainesville.

- Approved, October 8, 2003 

Atlanta

Central Virginia Bank, Powhatan, Virginia -- to establish a branch at 2500 Promenade 

Parkway, Midlothian.

- Approved, October 7, 2003 

Richmond

Cumberland Bank South, Franklin, Tennessee -- to establish branches at 320 Main Street 

and Lot 2A, Campbell Station, Spring Hill.

- Withdrawn, October 9, 2003 

Atlanta

The F&M Bank and Trust Company, Tulsa, Oklahoma -- to establish a branch at 3811 

Turtle Creek Boulevard, Dallas, Texas.

- Approved, October 10, 2003 

Secretary

Fifth Third Bank, Indiana, Indianapolis, Indiana -- to establish a branch at 6131 Rothman 

Road, Fort Wayne.

- Approved, October 10, 2003 

Cleveland

First Capital Bank, Glen Allen, Virginia -- to operate a mobile branch by providing a 

courier service to pick up noncash deposits from business customers in Richmond and in 

Henrico, Chesterfield, and Hanover Counties.

- Approved, October 9, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 1 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Bank Branches, Domestic

Orion Bank, Naples, Florida -- to establish branches at 428 Tamiami Trail North, and 

13260 Plantation Road, Fort Myers.

- Approved, October 10, 2003 

Atlanta

State Bank of Howards Grove, Howards Grove, Wisconsin -- to establish a branch at 

1609 Spring Street, Beaver Dam.

- Approved, October 9, 2003 

Chicago

SunTrust Bank, Atlanta, Georgia -- to establish branches at 1799 Briarcliff Road, 

Northeast, and 4751 New Broad Street, Orlando, Florida.

- Approved, October 8, 2003 

Secretary

Bank Holding Companies

Bancsouth Financial Corporation, Crystal Springs, Mississippi -- to become a bank 

holding company through the acquisition of Bank of the South.

- Approved, October 10, 2003 

Atlanta

BancTrust Financial Group, Inc., Mobile, Alabama -- to merge with CommerceSouth, 

Inc., Eufaula, and thereby acquire its subsidiary, CommerceSouth Bank.

- Withdrawn, October 8, 2003 

Atlanta

Canon Bank Corporation, Canon City, Colorado -- to become a bank holding company 

through the acquisition of shares of Canon National Bank.

- Approved, October 7, 2003 

Kansas City

(AC) = Addition or Correction Delegated - Page 2 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Bank Holding Companies

Clinton Financial Services, MHC, Clinton, Massachusetts, and Wachusett Financial 

Services, Inc. -- to become a mutual holding company and a stock bank holding 

company, respectively, through the acquisition of Clinton Savings Bank as part of a 

corporate reorganization.

- Approved, October 10, 2003 

Boston

F.N.B. Corporation, Naples, Florida -- request for an exemption from the prohibitions of 

the Depository Institutions Management Interlocks Act and Regulation L.

- Granted, October 8, 2003 

General Counsel

KNBT Bancorp, Inc., Bethlehem, Pennsylvania -- to form a bank holding company 

through the acquisition of Keystone Savings Bank and subsequently acquire First Colonial 

Group, Inc., Nazareth, and Nazareth National Bank and Trust Company.

- Approved, October 10, 2003 

Philadelphia

Mountain National Bancshares, Inc., Sevierville, Tennessee -- commitment waiver 

request.

- Granted, October 5, 2003 

Atlanta

Sun West Capital Corporation, Las Vegas, Nevada -- to become a bank holding 

company through the acquisition of Sun West Bank.

- Approved, October 8, 2003 

San Francisco

Vision Bancshares, Inc., Laredo, Texas -- to acquire Somerset Bancshares Corporation, 

Inc., Somerset, and Somerset National Bank.

- Approved, October 9, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 3 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Bank Mergers

Exchange Bank of Missouri, Fayette, Missouri -- to purchase certain assets and assume 

certain liabilities of the Fulton branch of First Bank, St. Louis.

- Approved, October 10, 2003 

Kansas City

Gold Bank, Leawood, Kansas -- to merge with Gold Bank, Hennessey, Oklahoma, and 

thereby establish branches.

- Approved, October 6, 2003 

Kansas City

Peoples State Bank of Truman, Inc., Truman, Minnesota -- to merge with Martin County 

National Bank of Fairmont, Fairmont, and thereby establish a branch at 105 Lake 

Avenue.

- Approved, October 10, 2003 

Minneapolis

Regions Bank, Birmingham, Alabama -- to acquire certain assets and assume certain 

deposit liabilities of the Indialantic, Florida, Palm Bay, and Okeechobee branches of Inter 

Savings Bank, FSB, Edina, Minnesota.

- Approved, October 9, 2003 

Atlanta

Banks, State Member

KeyBank N.A., Cleveland, Ohio -- to invest an amount in excess of 10 percent of its 

capital and surplus in its agreement corporations.

- Approved, September 29, 2003 (AC)

Director, BS&R

Change In Bank Control

Commercial Bancshares, Inc., Bloomington, Minnesota -- change in bank control.

- Permitted, October 7, 2003 

Minneapolis

First Bankshares of St. Martin, Ltd., Breaux Bridge, Louisiana -- change in bank control.

- Withdrawn, October 9, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 4 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Change In Bank Control

Harvard State Company, Harvard, Nebraska -- to retain control of Harvard State 

Company and Harvard State Bank.

- Permitted, October 8, 2003 

Kansas City

Competitive Factors Reports

All America Bank, Oklahoma City, Oklahoma -- report on competitive factors of the 

proposed merger with First Mustang Corporation, Mustang.

- Submitted, October 10, 2003 

Kansas City

Bank of Alma, Alma, Wisconsin -- report on competitive factors of the proposed merger 

with Wabasha County Bank, Wabasha, Minnesota.

- Submitted, October 9, 2003 

Minneapolis

BCPBank, National Association, Newark, New Jersey -- report on competitive factors 

of the proposed purchase of certain assets and assumption of certain liabilities of the 

branch at 45 West End Avenue, New York, New York, of Apple Bank for Savings, 

Scarsdale.

- Submitted, October 8, 2003 

New York

Boston Federal Savings Bank, Burlington, Massachusetts -- report on competitive factors 

of the proposed merger with The Broadway National Bank of Chelsea, Chelsea.

- Submitted, October 7, 2003 

Boston

Cashmere Valley Bank, Cashmere, Washington -- report on competitive factors of the 

proposed acquisition of the Ellensburg branch of Pacific Northwest Bank, Seattle.

- Submitted, October 10, 2003 

San Francisco

(AC) = Addition or Correction Delegated - Page 5 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Competitive Factors Reports

First American Bank, SSB, Bryan, Texas -- report on competitive factors of the 

proposed merger with Security Bank, National Association, Garland.

- Submitted, October 9, 2003 

Dallas

First Victoria National Bank, Victoria, Texas -- report on competitive factors of the 

proposed merger with Citizens Bank of Texas, N.A., New Waverly.

- Submitted, October 9, 2003 

Dallas

The First Western Bank, Wall, South Dakota -- report on competitive factors of the 

proposed merger with First Western Bank, Rapid City.

- Submitted, October 10, 2003 

Minneapolis

HomeTowne Heritage Bank, Intercourse, Pennsylvania -- report on competitive factors 

of the proposed merger with NPB Interim Bank, Boyertown.

- Submitted, October 8, 2003 

Philadelphia

Provident Bank, Montebello, New York -- reports on competitive factors of the 

proposed acquisition through merger of Ellenville National Bank, Ellenville, and the 

proposed merger with Provident Interim Savings Banks I, II, and III.

- Submitted, October 6, 2003 

New York

Provident Municipal Bank, Montebello, New York -- report on competitive factors of the 

proposed acquisition of certain municipal deposit liabilities of Provident Bank.

- Submitted, October 6, 2003 

New York

Spokane Teachers Credit Union, Liberty Lake, Washington -- report on competitive 

factors of the proposed acquisition of the Cheney branch of Wheatland Bank, Davenport.

- Submitted, October 10, 2003 

San Francisco

(AC) = Addition or Correction Delegated - Page 6 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Competitive Factors Reports

Terre Haute First National Bank, Terre Haute, Indiana -- report on competitive factors of 

the proposed merger with First Ridge Farm State Bank, Ridge Farm, Illinois.

- Submitted, October 6, 2003 

Chicago

Woodforest National Bank, Houston, Texas -- report on competitive factors of the 

proposed acquisition of the branch of Sterling Bank, Highlands, at 420 South Main Street.

- Submitted, October 8, 2003 

Dallas

Extensions Of Time

Alpha Financial Group, Inc. Employee Stock Ownership Plan, Toluca, Illinois -- 

extension to January 31, 2004, to increase ownership of Alpha Financial Group, Inc., and 

thereby acquire Alpha Community Bank.

- Granted, October 9, 2003 

Chicago

Bank of Blue Valley, Overland Park, Kansas -- extension to January 9, 2004, to establish 

a branch at 13401 Mission Road, Leawood.

- Granted, October 6, 2003 

Kansas City

Franklin Bancorp, Inc., St. Paul, Minnesota -- extension to January 8, 2004, to purchase 

participations in loans originated by its affiliate banks.

- Granted, October 8, 2003 

Minneapolis

Financial Holding Companies

Herring Bancorp, Inc., Vernon, Texas, and Herring Bancshares, Inc., Wilmington, 

Delaware -- election to become financial holding companies.

- Effective, October 10, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 7 of 8
H.2 Actions under delegated authority October 5, 2003 to October 11, 2003

Financial Holding Companies

Union Bankshares Company, Ellsworth, Maine -- election to become a financial holding 

company.

- Effective, October 9, 2003 

Boston

USB Holdings, Inc., Minneapolis, Minnesota -- election to become a financial holding 

company.

- Effective, October 10, 2003 

Minneapolis

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) State Street Bank and Trust Company, Boston, Massachusetts -

to acquire the Prompton Lakes, New Jersey branch of The Trust 

Company of New Jersey, Jersey City, New Jersey; upon 

consummation, the office will be relocated to Princeton, New 

Jersey

Newspaper - 11/05/2003

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 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch HSBC Bank USA, Buffalo, New York request to establish a 

branch office at 1441 Brickell Avenue, Miami, Florida.

Newspaper – 11/03/2003

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, October 11, 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

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, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Application by Fifth Third Bank, Kentucky, Louisville, KY, to 

establish a branch at 2864 Charlestown Road, New Albany, IN.

Newspaper - 10/15/2003

18(c) & Branch Application by Sky Bank, Salineville, Ohio, for permission to 

merge Sky Bank with and into Great Lakes, Mentor, Ohio, 

concurrent with, Great Lakes Bank seeking FRS membership, 

changing its name to Sky Bank and moving its headquarters to 

Salineville, Ohio.

Newspaper - 09/26/2003

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

Type Application

Ending date of

comment period

3(a)(1) Application by PSB Holdings, Inc., New Matamoras, Ohio, 

proposes to become a bank holding company through the 

acquisition of The Peoples Savings Bank, New Matamoras, 

Ohio.

Newspaper - N/Avail 

Fed Reg - N/Avail

3(a)(1) Application by Town Square Financial Corporation, Ashland, 

KY, to acquire Town Square Bank, Inc., Ashland, KY.

Newspaper - N/Avail

Fed Reg - 10/28/2003

3(a)(3) Application by S&T Bancorp, Inc., Indiana, PA, to acquire up to 

9.9% of the outstanding voting shares of IBT Bancorp, Inc., 

Irwin, PA.

Newspaper - 10/24/2003 

Fed Reg - N/Avail

3(a)(3) Application by S&T Bancorp, Inc., Indiana, PA, to acquire up to 

9.9% of the outstanding voting shares of CBT Financial Corp., 

Clearfield, PA.

Newspaper - 10/31/2003 

Fed Reg - N/Avail

3(a)(5) Application by PNC Financial Services Group, Inc., Pittsburgh, 

PA to acquire United National Bancorp, Bridgewater, NJ and its 

subsidiary bank, United Trust Bank, Bridgewater, NJ.

Newspaper - 10/16/2003 

Fed Reg - 10/17/2003

4(c)(8) Application by Colonial Banc Corp., Eaton, OH, to acquire The 

Oculina Bank, Fort Pierce, FL.

Newspaper - 10/17/2003 

Fed Reg - 10/17/2003
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, October 11, 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

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(1) Bank of the James Financial Group, Inc., Lynchburg, Virginia, 

to become a bank holding company through the acquisition of 

100% of the voting shares of Bank of the James, Lynchburg, 

Virginia.
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, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 4934 Columbia Pike, Spring Hill, Tennessee, to be 

known as the Spring Hill Branch.*

Newspaper-10/20/2003

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

located at 3621 Apalachee Parkway, Tallahassee, Florida, to be 

known as the Apalachee Parkway Branch.*

Newspaper-10/20/2003

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

located at 1820 St. Charles Avenue, Suite 100, New Orleans, 

Louisiana, to be known as the Uptown Branch.*

Newspaper-10/20/2003

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

located at 3414 Lithia Pinecrest Road, Valrico, Florida, to be 

known as the Lithia Crossing Branch.* 

Newspaper-10/20/2003

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

located at 105 Palm Bay Road, N.E., Melbourne, Florida, to be 

known as the West Palm Bay Branch.* 

Newspaper-10/20/2003

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

located at 4477 West First Street, Sanford, Florida, to be known 

as the Seminole Town Center Branch.*

Newspaper-10/20/2003

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

located at 5570 Windward Parkway, Alpharetta, Georgia, to be 

known as the Windward Parkway Office.*

Newspaper-10/16/2003

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

located at 4796 Sugarloaf Parkway, Lawrenceville, Georgia, to 

be known as the Old Norcross at Sugarloaf Office.*

Newspaper-10/16/2003

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

located at 171 17th Street, NW, Atlanta, Georgia, to be known 

as the Atlantic Station.*

Newspaper-10/16/2003

*Subject to provisions of the Community Reinvestment Act
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

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.
Section V – Availability of CRA public evaluations

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

278733 Citizens Bank of Cochran

303 NE Dykes Street

Post Office Box 427

Cochran, Georgia 31014

(478) 934-6277

06/23/2003 10/13/2003 O 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, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C & Branches First Midwest Bank, Itasca, Illinois, to merge with CoVest Banc, 

National Association, Des Plaines, Illinois, and thereby to 

establish branches at 749 Lee Street, Des Plaines, Illinois, 2601 

West Schaumburg, Schaumburg, Illinois, and 770 West Dundee 

Road, Arlington Heights, Illinois.*

Newspaper – N/Avail

Branch Northbrook Bank and Trust Company, Northbrook, Illinois, to 

establish a branch facility to be located at 20194-20222 Buffalo 

Grove Road, Buffalo Grove, Illinois.*

Newspaper – 10/17/2003

Branch Town & Country Bank, Buffalo, Illinois, to establish a branch 

facility to be located at 107 Highland Drive, Forsyth, Illinois.*

Newspaper – 10/20/2003

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(5) Chemical Financial Corporation, Midland, Michigan, to acquire 

100 percent of the voting shares of Caledonia Financial 

Corporation, Caledonia, Michigan, and thereby indirectly 

acquire State Bank of Caledonia, Caledonia, Michigan.*

Fed Reg – 11/03/2003

Newspaper – 11/07/2003

3(a)(3) & 5D3 First Midwest Bancorp, Inc., Itasca, Illinois, to acquire 100 

percent of CoVest Bancshares, Inc., Des Plaines, Illinois, and 

thereby indirectly acquire CoVest Banc, National Association, 

Des Plaines, Illinois, and by First Midwest Bank, Itasca, Illinois, 

to retain the deposits of CoVest Banc, National Association, Des 

Plaines, Illinois under applicable SAIF coverage.*

Fed Reg – 10/27/2003

Newspaper – N/Avail

3(a)(5) Northern States Financial Corporation, Waukegan, Illinois, to 

acquire 100 percent of the voting shares of Round Lake 

Bankcorp, Inc., Round Lake, Illinois, and thereby indirectly 

acquire First State Bank of Round Lake, Round Lake, Illinois.*

Fed Reg – 10/10/2003

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

Type Application

Ending date of

comment period

3(a)(3) Wintrust Financial Corporation, Lake Forest, Illinois, to acquire 

100 percent of the voting shares of Beverly Bank & Trust 

Company, National Association (in organization), Chicago, 

Illinois.*

Fed Reg – 11/07/2003

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
Section V – Availability of CRA public evaluations

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, October 11, 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

3A1 Freedom Bancshares of Southern Missouri, Inc., Cassville, 

Missouri, to become a bank holding company by acquiring 100 

percent of Freedom Bank of Southern Missouri, Cassville, 

Missouri.*

Newspaper – 11/08/2003

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

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

773247 Effingham State Bank

Effingham, Illinois 05/27/2003 10/07/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Dacotah Bank, Aberdeen, South Dakota, proposes to establish a 

branch at 3300 East 10th Street, Sioux Falls, South Dakota.*

Newspaper – 10/20/2003

*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

CIC Change in control notice by Robert M. Weiss, Shorewood, 

Minnesota, to acquire control of Excelsior Financial Services, 

Inc., Shorewood, Minnesota, and thereby indirectly acquire 

control of Beacon Bank, Shorewood, Minnesota.

Fed Reg- 10/15/2003

Newspaper – N/Avail

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

of the communities in which they 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, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Bank of Commerce, Wetumka, Oklahoma, to merge with the 

Weleetka State Bank, Weleetka, Oklahoma, and incident thereto, 

to establish a branch.

Newspaper - 11/10/2003

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

Type Application

Ending date of

comment period

3(a)(1) Bancorp III, Inc., Stillwell, Kansas, to become a bank holding 

company through the acquisition of 100 percent of the voting 

shares of First Bank of Kansas City, Kansas City, Missouri.

Newspaper - 11/07/2003

Fed Reg - 11/07/2003

CIC Notice by Gregg Stephen Ward and Susan Annette Ward, both 

of Leedey, Oklahoma, to acquire control of Camargo Financial 

Company, Inc., parent of First State Bank, both in Camargo, 

Oklahoma.

Newspaper - 10/22/2003

Fed Reg - 10/14/2003

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, October 11, 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

3(a)(3) SNB Financial, Inc., O'Donnell, TX, to acquire The State 

National Bank of Big Spring, Big Spring, TX*

Fed Reg – 10/31/2003

Newspaper – 10/31/2003

3(a)(1) NewFirst Financial Group, Inc., El Campo, TX, and NewFirst 

Financial Company, Inc., Dover, DE, to acquire NewFirst 

National Bank, El Campo, TX* (previously reported the week 

ending October 4, 2003)

Fed Reg – 11/03/2003

Newspaper – 11/03/2003

3(a)(1) NewFirst Financial Company, Inc., Dover, DE, to acquire 

NewFirst National Bank, El Campo, TX* (previously reported 

the week ending October 4, 2003)

Fed Reg – 11/03/2003

Newspaper – 11/03/2003

* 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

3(a)(1) Blanco National Holdings, Inc., Blanco, TX, and Blanco 

National Holdings of Delaware, Inc., Dover, DE, to acquire 

Blanco National Bank, Blanco, TX*
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

3(a)(1) Blanco National Holdings of Delaware, Inc., Dover, DE, to 

acquire Blanco National Bank, Blanco, TX*

* Subject to the provisions of the Community Reinvestment Act

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, October 11, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Frontier Bank, Everett, Washington, to establish a branch 

facility at 1200 5th Avenue, Seattle, Washington.*

Newspaper – 10/15/2003

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None