Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 18 

Week Ending May 3, 2003 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions April 27, 2003 to May 3, 2003 

Testimony And Statements 

Update on Semiannual Monetary Policy Report -- statement by Chairman Greenspan 

before the House Committee on Financial Services on April 30, 2003. 

- Authorized, April 28, 2003 

Board Operations 

Rules of Organization -- amendment to the Board's quorum rule to enhance its ability to 

function in an emergency. 

- Approved, April 29, 2003 

Regulations And Policies 

Basel Capital Accord -- interagency request for comment on the third consultative paper 

by the Basel Committee on Banking Supervision regarding proposed revisions to the 

1988 international capital adequacy framework. 

- Announced, April 30, 2003 

Enforcement 

BANKFIRST Corporation, Sioux Falls, South Dakota, and BANKFIRST -- written 

agreement with the Federal Reserve Bank of Minneapolis. 

- Announced, April 29, 2003 

The First State Bank of West Manchester, West Manchester, Ohio -- written agreement 

with the Federal Reserve Bank of Cleveland and the Ohio Division of Financial 

Institutions. 

- Announced, May 1, 2003 

HSBC Bank USA, Buffalo, New York -- written agreement with the Federal Reserve 

Bank of New York and the New York State Banking Department. 

- Announced, April 30, 2003 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority April 27, 2003 to May 3, 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 

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 2170 Gause Boulevard 

East, Slidell, Louisiana. 

- Approved, April 30, 2003 

Chicago 

Comerica Bank, Detroit, Michigan -- to establish a branch at 41100 Fox Run Road, 

Novi. 

- Approved, April 30, 2003 

San Francisco 

Farmers & Merchants Bank of Long Beach, Long Beach, California -- to establish a 

branch at 7125 Yorktown Avenue, Huntington Beach. 

- Approved, May 1, 2003 

Chicago 

First American Bank, Fort Dodge, Iowa -- to establish a branch at 1901 E.P. True 

Parkway, West Des Moines. 

- Approved, April 30, 2003 

Atlanta 

The Peachtree Bank, Duluth, Georgia -- to establish a branch at 185 Gwinnett Drive, 

Lawrenceville. 

- Approved, April 29, 2003 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 481 Prosperity Lake Drive, 

St. Augustine, Florida. 

- Approved, April 29, 2003 

(AC) = Addition or Correction Delegated - Page 1 of 5 
H.2 Actions under delegated authority April 27, 2003 to May 3, 2003 

Bank Holding Companies 

Atlanta 

North Georgia Bancorp, Inc., Watkinsville, Georgia -- to become a bank holding 

company through the acquisition of North Georgia Bank. 

- Approved, April 28, 2003 

Chicago 

Peoples Bancshares, Inc., Elkhorn, Wisconsin -- to become a bank holding company 

through the acquisition of Peoples Bank. 

- Approved, May 1, 2003 

Secretary 

Wells Fargo & Company, San Francisco, California -- request for an exemption under 

the Depository Institutions Management Interlocks Act and Regulation L. 

- Granted, April 29, 2003 

Banks, State Member 

Cleveland 

Chippewa Valley Bank, Wadsworth, Ohio -- to exercise trust powers. 

- Approved, April 24, 2003 (AC) 

Change In Bank Control 

Atlanta 

Advantage Bankshares, Inc., North Palm Beach, Florida -- change in bank control. 

- Permitted, April 30, 2003 

Atlanta 

Bonifay Holding Company, Inc., Bonifay, Florida -- change in bank control. 

- Withdrawn, April 28, 2003 

Minneapolis 

Cattail Bancshares, Inc., Atwater, Minnesota -- change in bank control. 

- Permitted, May 2, 2003 

Dallas 

F&M Bancshares, Inc., De Leon, Texas -- change in bank control. 

- Permitted, May 2, 2003 

(AC) = Addition or Correction Delegated - Page 2 of 5 
H.2 Actions under delegated authority April 27, 2003 to May 3, 2003 

Change In Bank Control 

Atlanta 

First Citizens Bankshares, Inc., Glennville, Georgia -- change in bank control. 

- Permitted, April 30, 2003 

Atlanta 

People's Community Bancshares, Inc., Sarasota, Florida -- change in bank control. 

- Permitted, May 2, 2003 

New York 

Troy Financial Corporation, Troy, New York -- change in bank control. 

- Permitted, April 29, 2003 

Atlanta 

UB Financial Corporation, Sunrise, Florida -- change in bank control. 

- Permitted, April 29, 2003 

Competitive Factors Reports 

Richmond 

County Banking and Trust Company, Elkton, Maryland -- report on competitive factors 

of the proposed merger with Townsend Bank, Townsend, Delaware. 

- Submitted, April 28, 2003 

Richmond 

Crescent State Bank, Cary, North Carolina -- report on competitive factors of the 

proposed merger with Centennial Bank, Southern Pines. 

- Submitted, May 2, 2003 

Dallas 

Hebbronville State Bank, Hebbronville, Texas -- report on competitive factors of the 

proposed merger with State Bank of Kingsville, Kingsville. 

- Submitted, May 2, 2003 

(AC) = Addition or Correction Delegated - Page 3 of 5 
H.2 Actions under delegated authority April 27, 2003 to May 3, 2003 

Competitive Factors Reports 

New York 

R-G Premier Bank of Puerto Rico, San Juan, Puerto Rico -- report on competitive 

factors of the proposed purchase of assets and assumption of liabilities of a branch of 

Banco Bilbao Vizcaya Argentaria Puerto Rico at Violeta Street, Isla Verde, Municipality 

of Carolina. 

- Submitted, April 30, 2003 

Richmond 

South Carolina Bank and Trust, National Association, Columbia, South Carolina --

report on competitive factors of the proposed merger with South Carolina Bank and 

Trust of the Pee Dee, National Association, Florence. 

- Submitted, May 1, 2003 

Secretary 

Wells Fargo Bank, National Association, San Francisco, California -- report on 

competitive factors of the proposed acquisition of Wells Fargo Home Mortgage, Inc., 

Des Moines, Iowa. 

- Submitted, April 30, 2003 

Extensions Of Time 

Chicago 

Amtrust, Inc., Dubuque, Iowa -- extension to August 12, 2003, to acquire shares of 

United American Bank, San Mateo, California, a de novo bank. 

- Granted, May 2, 2003 

Atlanta 

Orion Bank, Naples, Florida -- extension to May 21, 2003, to establish a branch at 1790 

Main Street, Sarasota. 

- Granted, May 2, 2003 

Financial Holding Companies 

Atlanta 

First National Corporation, Wilmington, Delaware -- election to become a financial 

holding company. 

- Effective, May 1, 2003 

(AC) = Addition or Correction Delegated - Page 4 of 5 
H.2 Actions under delegated authority April 27, 2003 to May 3, 2003 

Financial Holding Companies 

San Francisco 

Neighborhood Bancorp, San Diego, California -- election to become a financial holding 

company. 

- Effective, May 1, 2003 

(AC) = Addition or Correction Delegated - Page 5 of 5 
District 1 

Federal Reserve Bank of Boston 

Applications and notifications filed during the week ending Saturday, May 3, 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)(1) and 3(a)(3) Royal Bank of Scotland plc, Royal Bank of Scotland plc, RBSG 

International Holdings, all of Edinburgh, Scotland and Citizens 

Financial Group, Inc., Providence, Rhode Island to acquire Port 

Financial Corp., Brighton, Massachusetts and its wholly-owned 

subsidiary, Cambridgeport Bank, Cambridge, Massachusetts 

pursuant to sections 3(a)(1) and 3(a)(3) of the BHC Act; 

additionally, Applicants seek to acquire up to 9.9% of 

Cambridge Bancorp, which owns Cambridge Trust Company, 

both of Cambridge, Massachusetts 

Newspaper – 5/26/2003 

Fed Reg – 6/2/2003 

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 2 

Federal Reserve Bank of New York 

Applications and notifications filed during the week ending Saturday, May 3, 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 3 

Federal Reserve Bank of Philadelphia 

Applications and notifications filed during the week ending Saturday, May 3, 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) East Penn Financial Corporation, Emmaus, PA, to form a 

bank holding company by acquiring East Penn Bank, 

Emmaus, PA, through the merger of East Penn Bank with 

East Penn Interim Bank.
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, May 3, 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)(1) Application by NHB Financial, Inc., Newell, West Virginia to 

acquire 100 percent of the outstanding voting shares of Northern 

Hancock Bank and Trust, Newell, West Virginia, pursuant to 

section 3(a)(1) of the Bank Holding Company Act. 

Newspaper: 05/27/2003 

Fed Reg: 05/30/2003 

3(a)(1) Application by Columbia Bancorp, Inc., Cincinnati, Ohio to 

acquire 100 percent of the voting shares of Columbia Savings 

Bank, Cincinnati, Ohio 

Newspaper N/Avail 

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

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, May 3, 2003 

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

Branch Citizens Community Bank, South Hill, Virginia, to establish 

a branch at 581 Madison Street, Boydton, Virginia.* 

Newspaper – 05/16/2003 

*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

3(a)(1) Mount Hope Bankshares, Inc., Mount Hope, West Virginia, to 

become a bank holding company through the acquisition of 

100% of the voting shares of Bank of Mount Hope, Inc., Mount 

Hope, West 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, May 3, 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 10245 Kingston Pike, Knoxville, Tennessee, to be 

known as the Land Oak Branch.* 

Newspaper-05/13/2003 

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

located at 1337 W. McDermott Drive, Allen, Texas.* 

Newspaper-05/05/2003 

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 

12821 Braemar Village Plaza, Bristow, Virginia, to be known as 

the Braemar Safeway In-Store Office.* 

Newspaper-05/03/2003 

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 

1275 K Street, N.W., Washington, D.C., to be known as the 

1275 K Street Office.* 

Newspaper-05/03/2003 

*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

3(a)(1) Citizens National Banc Corporation, to become a bank holding 

company by acquiring 100 percent of The Citizens National 

Bank of Meridian, both of Meridian, Mississippi.* 

Newspaper-N/Avail 

Fed Reg-05/30/2003 

CIC Horizon BanCorp, Inc., Decatur, Georgia, after-the-fact 

notification filed by Mr. R. C. Patel, Duluth, Georgia, and Mr. 

Mukesh Patel, Atlanta, Georgia, to each retain 12.05 percent 

each, or 24.1 percent collectively, of the outstanding shares of 

Horizon BanCorp, and Horizon Bank, both of Decatur, Georgia. 

Newspaper-N/Avail 

Fed Reg-N/Avail 
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of 

comment period

CIC First Security Bankshares, Inc., Lavonia, Georgia, after-the-fact 

notification filed by Shuratt Whitworth, Lavonia, Georgia, 

Rachel M. Whitworth, Lavonia, Georgia, Mary Patsy Gilbert, 

Lavonia, Georgia, W.M. Gilbert, Lavonia, Georgia, Cynthia D. 

Gilbert, Lavonia, Georgia, Tracie G. Dowis, Lexington, South 

Carolina, Grant Michael Dowis, Lexington, South Carolina, 

Madeline Grace Dowis, Lexington, South Carolina, Brady 

Williams, Franklin, Tennessee, Tammy G. Williams, Franklin, 

Tennessee, Christopher C. Whitworth, Hartwell, Georgia, 

Franklin Shuratt Whitworth, Hartwell, Georgia, Randy S. 

Whitworth, Hartwell, Georgia, Caroline Louise Kelly, Monroe, 

Georgia, Leigh W. Kelly, Monroe, Georgia, Matthew Thomas 

Kelly, Monroe, Georgia, Wesley William Kelly, Monroe, 

Georgia, Wendy Whitworth, Lilburn, Georgia, Barry S. 

Whitworth, Toccoa, Georgia, Sarah Elizabeth Whitworth, 

Toccoa, Georgia, Steven Jarrett Whitworth, Toccoa, Georgia, 

The H. W. Whitworth Irrevocable Trust, Mary Patsy Gilbert, 

Trustee, Lavonia, Georgia, The H. W. Whitworth Irrevocable 

Trust, Shuratt Whitworth, Trustee, Lavonia, Georgia, Whitworth 

Family Partnership II, Shuratt Whitworth, General Partner, 

Lavonia, Georgia, and the Whitworth Family Partnership III, 

Mary Patsy Gilbert, General Partner, Lavonia, Georgia, to retain 

78.59 percent of the outstanding shares of First Security 

Bankshares, Inc., and its subsidiary, Northeast Georgia Bank, 

both of Lavonia, Georgia. 

Newspaper-05/13/2003 

Fed Reg-05/22/2003 

*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

COM Coast Financial Holdings, Inc., Bradenton, Florida, commitment 

waiver request. 

3(a)(1) Community Banks of Georgia, Inc., Jasper, Georgia, notice to 

become a bank holding company by acquiring Community Bank 

of Pickens County, Jasper, Georgia. 
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, May 3, 2003 

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

Branch Comerica Bank, Detroit, Michigan, to establish three branch 

facilities to be located at 16081 Technology Drive, Northville 

Township, Michigan, 47240 West Ten Mile Road, Novi, 

Michigan, and 50300 Gratiot, Chesterfield, Michigan.* 

Newspaper – 05/07/2003 

18(c) & 

 Branches 

Comerica Bank, Detroit, Michigan, to merge with Comerica 

Bank-Texas, Dallas, Texas and Comerica Bank-California, San 

Jose, California, and thereby to establish 96 branches.* 

Newspaper – N/Avail 

18(c) & 

 Branches 

First Midwest Bank, Itasca, Illinois, to purchase the branch 

office of The Northern Trust Company, Chicago, Illinois, 

located at 8501 West Higgins Road, Chicago, Illinois, and 

thereby to establish a branch at the same location.* 

Newspaper – N/Avail 

Branch Tower Bank & Trust Company, Fort Wayne, Indiana, to 

establish a branch facility to be located at the corner of Lower 

Huntington Road and Old Trail Road, Fort Wayne, Indiana. 

Newspaper – 05/19/2003 

* 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 Notice by Commerce Bancorp Rabbi Trust, Berkeley, Illinois, 

to increase ownership from 9.97 percent to 10.21 percent of 

Commerce Bancorp, Inc., Berkeley, Illinois, and thereby 

indirectly acquire control of National Bank of Commerce, 

Berkeley, Illinois. 

Fed Reg – 04/28/2003 

Newspaper – N/Avail 

3(a)(3) National Bancshares, Inc., Bettendorf, Iowa, to acquire at least 

400,000 shares, or 33.56 percent of Benchmark Bancorp, Inc., 

Aurora, Illinois, and thereby indirectly Benchmark Bank, 

Aurora, Illinois.* 

Fed Reg – 04/18/2003 

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. 

RSSD Exam type

number Institution/Location

Examination 

date

CRA 

public date

CRA 

rating LrgBk SmBk 

516042 Harris Bank-St. Charles 

1 E. Main Street 

St. Charles, Illinois 60174 

(630) 377-4100 

04/29/2002 05/02/2003 S X 

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, May 3, 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

3A3 Mercantile Bancorp, Inc., Quincy, Illinois, to acquire up to 39.95 

percent of New Frontier Banchshars, Inc., St. Charles, Missouri, 

and thereby indirectly acquire New Frontier Bank, St. Charles, 

Missouri.* 

Newspaper – 05/28/2003

Fed Reg – 05/30/2003 

* 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 3rd Quarter of 2003 

Institution Location

Bank of Jackson 

First Community Bank 

The Elberfeld State Bank 

Peoples Bank of Lincoln County 

Midwest BankCentre 

Belgrade State Bank 

Southwest Bank 

First Financial Bank 

The Citizens Bank 

First Community Bank 

Progress Bank of Missouri 

Jackson, Tennessee 

Xenia, Illinois 

Elberfeld, Indiana 

Troy, Missouri 

Lemay, Missouri 

Belgrade, Missouri 

St. Louis, Missouri 

El Dorado, Arkansas 

Batesville, Arkansas 

Conway, Arkansas 

Sullivan, Missouri 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances. 
District 9 

Federal Reserve Bank of Minneapolis 

Applications and notifications filed during the week ending Saturday, May 3, 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

CIC Notice by Danny Jo McLeod, Horace, North Dakota, to acquire 

control of Quality Bankshares, Inc., Fingal, North Dakota, and 

thereby indirectly acquire control of Fingal State Bank, Fingal, 

North Dakota. 

Fed Reg- 05/13/2003 

Newspaper- N/Avail 

3A1 Centra Ventures, Inc., St. Cloud, Minnesota, proposes to acquire 

100% of the voting shares of Falcon National Bank, Foley, 

Minnesota.* 

Fed Reg- 05/16/2003 

Newspaper- 05/15/2003 

CIC Notice by theWilliam F. Wanner Jr. Revocable Trust U/A Dated 

12/29/94 and William F. Wanner, Jr., and Kathleen A. Wanner 

as Trustees, all of Wayzata, Minnesota, to gain control of 

Ridgedale Financial Services, Inc., Minnetonka, Minnesota, and 

thereby indirectly gain control of Ridgedale State Bank, 

Minnetonka, Minnesota. 

Fed Reg- 05/23/2003 

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. 

RSSD Exam type

number Institution/Location

Examination 

date

CRA 

public date

CRA 

rating LrgBk SmBk 

988658 Farmers State Bank of Madelia, Inc. 

Madelia, Minnesota 

01/21/2003 04/29/2003 O X 

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, May 3, 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) Central Financial Corporation, Hutchinson, Kansas, to acquire 

up to 17.45 percent of the voting shares of Gemini Bancshares, 

Monument, Colorado, parent of Integrity Bank and Trust 

Company, Monument, Colorado. 

Newspaper - 05/28/2003 

Fed Reg - 05/27/2003 

CIC Notice by Edward Carlson Rolfs, as co-trustee of CKI 

Management Trust, general partner of Central of Kansas, LP, 

Junction City, Kansas, to acquire control of Central of Kansas, 

Inc., Junction City, Kansas, parent of Central National Bank, 

Junction City, Kansas. 

Newspaper - 05/12/2003 

Fed Reg - 05/13/2003 

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 

348159 Bank of Bennington 

12212 N. 156th Street 

Bennington, Nebraska 68007 

01/27/2003 04/28/2003 S X 

1004256 Butte State Bank 

510 Thayer Street 

Butte, Nebraska 68722 

01/27/2003 04/30/2003 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, May 3, 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 12 

Federal Reserve Bank of San Francisco 

Applications and notifications filed during the week ending Saturday, May 3, 2003 

Section I – Applications subject to newspaper notice only

Type Application

Ending date of 

comment period

Branch Farmers & Merchants Bank of Rockford, Spokane, Washington, 

to establish a branch office at 506 E. Hastings Road, Spokane, 

Washington.* 

Newspaper – 05/03/2003 

18(c) 

Branch 

Central California Bank, Sonora, California, to merge with 

Central Sierra Bank, San Andreas, California, and to acquire 7 

branches located in Amador, Calaveras, San Joaquin and 

Tuolomne counties, California.* 

Newspaper – 05/12/2003 

* 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)(3) Central Pacific Financial Corp., Honolulu, Hawaii, to acquire at 

least 50.1 percent and up to 100 percent of CB Bancshares, Inc., 

and thereby indirectly acquire City Bank, both of Honolulu, 

Hawaii.* 

Newspaper – 05/30/2003

Fed Reg – 05/30/2003 

* 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

4(c)(8) Central Pacific Financial Corp., Honolulu, Hawaii, to engage 

indirectly in data processing activities through the acquisition of 

Datatronix Financial Services, Inc., Honolulu, Hawaii. 

Fed Reg – 05/30/2003 
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 

2869733 Pacific Mercantile Bank 

949 South Coast Drive, Suite 300 

Costa Mesa, California 92626 

(714) 438-2500 

01/20/2003 04/30/2003 S X 

Section VI – CRA examinations scheduled for 3rd Quarter of 2003 

Institution Location

Bank of the Orient San Francisco, California 

First American Bank Rosemead, California 

Hacienda Bank Santa Maria, California 

Hanmi Bank Los Angeles, California 

Mid-Valley Bank Red Bluff, California 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances.