Board of Governors of the Federal Reserve System, Washington, DC 20551

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 7

Week Ending February 14, 1998

Federal Reserve Release

H.2

Applications and Reports Received
No. 7

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Global financial system and the Asian crisis -- statement by Chairman Greenspan

before the Senate Committee on Foreign Relations. February 12, 1998.

- Published, February 12, 1998 

TESTIMONY AND STATEMENTS

National City Corporation, Cleveland, Ohio -- to merge with First of America

Bank Corporation, Kalamazoo, Michigan, and acquire First of America Bank,

N.A., Kalamazoo, and First of America Bank-Illinois, N.A., Bannockburn, Illinois,

and its nonbanking subsidiaries, and engage in certain nonbanking activities.

- Permitted, February 11, 1998 

BANK HOLDING COMPANIES

North Fork Bancorporation, Inc., Melville, New York -- to acquire New York

Bancorp, Inc., Douglaston; and Home Federal Savings Bank, Ridgewood, New

York.

- Approved, February 9, 1998 

Shore Financial Corporation, Onley, Virginia -- to acquire ShoreBank.

- Approved, February 9, 1998 

Shore Bank, Onley, Virginia -- to become a member of the Federal Reserve

System.

- Approved, February 9, 1998 

MEMBERSHIP

Trustco Bank New York, Schenectady, New York -- order of prohibition and

assessment of a civil money penalty against John E. Colley, a former employee and

institution-affiliated party of Trustco Bank New York.

- Announced, February 13, 1998 

ENFORCEMENT
H.2

February 8, 1998 to February 14, 1998

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Abbreviations: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community

Affairs; FOMC - Federal Open Market Committee; RBOPS - Reserve Bank Operations and Payment

Systems; IF - International Finance; OSDM - Office of Staff Director for Management

Berks County Bank, Reading, Pennsylvania -- to establish a branch at 500 Hawkridge

Drive, Borough of Hamburg, County of Berks, Pennsylvania.

- Approved, February 12, 1998 

BANK BRANCHES, DOMESTIC

Philadelphia

Colonial Bank, Montgomery, Alabama -- to establish a branch at 3610 McFarland

Boulevard, Tuscaloosa, Alabama.

- Approved, February 9, 1998 

Atlanta

Commercial and Farmers Bank, Ellicott City, Maryland -- to establish a branch at

6130 Columbia Crossing Circle, Columbia, Maryland.

- Approved, February 13, 1998 

Richmond

Commercial and Farmers Bank, Ellicott City, Maryland -- to establish a branch at

6245 Washington Boulevard, Elkridge, Maryland.

- Approved, February 13, 1998 

Greenwich Bank & Trust Company, Greenwich, Connecticut -- to establish a branch

at 1103 Putnam Avenue.

- Approved, February 11, 1998 

New York

Lafayette State Bank, Lafayette, Colorado -- to establish a branch at 801 Main

Street, Suite 130, Louisville, Colorado.

- Approved, February 13, 1998 

Kansas City

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a

branch at 294 Wall Street, Kingston, New York.

- Approved, February 13, 1998 

New York
H.2

February 8, 1998 to February 14, 1998

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Western Security Bank, Scottsdale, Arizona -- to establish a branch at 16277

Hayden-Greenway Loop, Scottsdale, Arizona.

- Approved, February 13, 1998 

San Francisco

Regions Financial Corporation, Birmingham, Alabama -- to merge with Key Florida

Bancorp, Inc., Bradenton, Florida.

- Approved, February 12, 1998 

BANK HOLDING COMPANIES

Atlanta

Adam Corporation/Group, Bryan, Texas; TAC Financial Corporation, Dover,

Delaware; and First American Bank Texas SSB, Bryan, Texas -- request for waiver

of application to acquire Austin National Bank, Austin, Texas.

- Granted, February 12, 1998 

Dallas

Amcore Financial, Inc., Rockford, Illinois -- waiver of commitment concerning the

brokerage activities of Investors Management Group.

- Returned, February 12, 1998 

Chicago

Ameribank Corporation, Shawnee, Oklahoma -- to retain Investment Management,

Inc., Tulsa, Oklahoma, and to continue to engage in financial and investment

advisory activities.

- Permitted, February 12, 1998 

Kansas City

Bank of New York Company, New York, New York -- to acquire shares and certain

liabilities of Mendham Capital Group, Inc., Rosedale, New Jersey, and engage in

riskless principal activities; to underwrite and deal in obligations of the United States

and general obligations of states; and to underwrite and deal, to a limited extent, in

corporate debt securities.

- Permitted, February 9, 1998 

New York
H.2

February 8, 1998 to February 14, 1998

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Community Bank Shares of Indiana, Inc., New Albany, Indiana -- to acquire NCF

Financial Corporation, Bardstown, Kentucky, and NCF Bank and Trust Company.

- Approved, February 12, 1998 

St. Louis

Deutsche Bank AG, Frankfurt Am Main, Federal Republic of Germany -- to acquire

certain assets of National Westminster Bank PLC, London, England; Deutsche

Morgan Grenfell, Inc., New York, New York; National Westminster Bank PLC,

London, England; and Natwest Securities Corporation , New York, New York, and

engage in financial and investment advisory activities; securities brokerage activities;

riskless principal activities; private placement services; futures commission merchant

activities and other services; forward contracts, options, futures, swaps and similar

contracts, whether traded on exchanges or not.

- Permitted, February 13, 1998 

New York

Eggemeyer Advisory Corp., Castle Creek Capital L.L.C., San Diego, California -- to

acquire Coastal Credit Corporation, Virginia Beach, Virignia.

- Permitted, February 11, 1998 

San Francisco

First Commercial Corporation, Little Rock, Arkansas -- to acquire Kemmons Wilson,

Inc., Memphis, Tennessee, and KW Bancshares, Inc., Little Rock; and Federal

Savings Bank, Rogers, Arkansas.

- Approved, February 12, 1998 

St. Louis

First Commercial Corporation, Little Rock, Arkansas -- to acquire First Commercial

Bank, N.A. of West Memphis, West Memphis, Arkansas.

- Approved, February 12, 1998 

First Nebraska Bancs, Inc., Sidney, Nebraska -- to acquire South Platte Bancorp,

Julesburg, Colorado, and First National Bank.

- Approved, February 11, 1998 

Kansas City
H.2

February 8, 1998 to February 14, 1998

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Harlingen Bancshares, Inc., Harlingen, Texas -- to acquire Lower Rio Grande Valley

Bancshares, Inc., La Feria, Texas, and First National Bank.

- Approved, February 10, 1998 

Dallas

McCurtain County Bankshares, Inc., Idabel, Oklahoma -- to acquire McCurtain

County National Bank and New McCurtain County National Bank, Broken Bow,

Oklahoma.

- Approved, February 9, 1998 

Kansas City

Mission-Heights Management Company, Ltd., Channelview, Texas, Prime

Bancshares, Inc., Channelview, Texas, and IBID, Inc., Wilmington, Delaware --

request for waiver of application to acquire Sunbelt National Bank, Houston, Texas.

- Granted, February 13, 1998 

Dallas

Planters Corporation, Memphis, Tennessee -- to acquire Security Bancshares, Inc.,

Des ARC, Arkansas, Farmers and Merchants Bank, and Merchants and Farmers

Bank, West Helena, Arkansas.

- Approved, February 12, 1998 

St. Louis

Tarpon Coast Bancorp, Inc., Port Charlotte, Florida -- to acquire Tarpon Coast

National Bank.

- Approved, February 10, 1998 

Atlanta

Urban Bank, Makati City, Philippines -- to acquire The Redwood Bancorp, San

Francisco, California.

- Withdrawn, February 10, 1998 

San Francisco
H.2

February 8, 1998 to February 14, 1998

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Wayne Bancorp, Inc., Wooster, Ohio -- to acquire Chippewa Valley Bancshares,

Inc., Rittman, Ohio.

- Approved, February 12, 1998 

Cleveland

Farmers and Merchants Bank, Rogers, Arkansas -- to acquire the main office and

four branches in Rogers of Federal Savings Bank, Rogers, Arkansas.

- Approved, February 12, 1998 

BANK MERGERS

St. Louis

Crescent Banking Company, Jasper, Georgia -- change in bank control.

- Permitted, February 11, 1998 

CHANGE IN BANK CONTROL

Atlanta

First Cherokee Bancshares, Inc., Woodstock, Georgia -- change in bank control.

- Permitted, February 13, 1998 

Atlanta

First State Bank of Dongola, Dongola, Illinois -- change in bank control.

- Permitted, February 13, 1998 

St. Louis

NGLC, Inc., Miami, Florida -- change in bank control.

- Permitted, February 10, 1998 

Atlanta

Springfield Investment Company, Springfield, Minnesota -- change in bank control.

- Permitted, February 9, 1998 

Minneapolis
H.2

February 8, 1998 to February 14, 1998

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Austin National Bank, Austin, Texas -- report on competitive factors of the proposed

merger with FAB Acquisition Bank, SSB, Bryan, Texas.

- Submitted, February 12, 1998 

COMPETITIVE FACTORS REPORTS

Dallas

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

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

Ellisville branch of Union Planters Bank, N.A., Memphis, Tennessee.

- Submitted, February 11, 1998 

St. Louis

Bank of Hawaii, Honolulu, Hawaii -- report on competitive factors of the proposed

acquisition of the assets and assumption of the liabilities of the Saipan branch of First

Savings and Loan Association of America, Dedeo, Guam.

- Submitted, February 9, 1998 

San Francisco

Commercial Bank, Leadville, Colorado -- report on competitive factors of the

proposed acquisition of assets and assumption of liabilities of the Buena Vista,

Colorado, branch of World Savings Association, El Cajon, California.

- Submitted, February 12, 1998 

Kansas City

Cuyamaca Bank, Santee, California -- report on competitive factors of the proposed

acquisition of the Jamul, Campo, and Pine Valley, California, branches of Wells

Fargo Bank, N.A., San Francisco, California.

- Submitted, February 9, 1998 

San Francisco

First Security Bank of Helena, Helena, Montana -- report on competitive factors of

the proposed merger with New First Security Bank of Helena.

- Submitted, February 10, 1998 

Minneapolis
H.2

February 8, 1998 to February 14, 1998

Page 7

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

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

the proposed merger with Austin National Bank, Austin, Texas.

- Submitted, February 12, 1998 

Dallas

First Farmers & Merchants National Bank, Luverne, Minnesota -- report on

competitive factors of the proposed purchase of assets and assumption of liabilities of

the Pipestone, Minnesota, branch of TCF National Bank Minnesota, Minneapolis,

Minnesota.

- Submitted, February 13, 1998 

Minneapolis

First State Bank of Texas, Denton, Texas -- report on competitive factors of the

proposed merger with Shady Oaks National Bank, Lake Worth, Texas. 

- Submitted, February 12, 1998 

Dallas

Fulton Bank, Lancaster, Pennsylvania -- report on competitive factors of the

proposed acquisition of assets and assumption of liabilities of Lebanon Valley

Farmers National Bank, Lebanon, Pennsylvania.

- Submitted, February 9, 1998 

Philadelphia

Jackson National Life Insurance Company, Lansing, Michigan -- report on

competitive factors of the proposed acquisition of the First Federal Savings & Loan

Association of San Bernardino, San Bernardino, Califonria.

- Submitted, February 13, 1998 

Chicago

Louisiana National Security Bank, Donaldsonville, Louisiana -- report on competitive

factors of the proposed merger with Whitney National Bank, New Orleans,

Louisiana.

- Submitted, February 10, 1998 

Atlanta
H.2

February 8, 1998 to February 14, 1998

Page 8

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Mid-Southern Savings Bank, FSB, Salem, Indiana -- report on competitive factors

of the proposed merger with Interim Savings Bank.

- Submitted, February 13, 1998 

Chicago

National Bank of Blacksburg, Blacksburg, Virginia -- report on competitive factors

of the proposed purchase of assets and assumption of liabilities of the Galax,

Virginia, branch of First American Federal Savings Bank, Roanoke, Virginia.

- Submitted, February 12, 1998 

Richmond

NationsBank, National Association, Charlotte, North Carolina -- report on

competitive factors of the proposed merger with Boatmen's Trust Company of

Arkansas, Little Rock, Arkansas.

- Submitted, February 13, 1998 

Richmond

San Angelo National Bank, San Angelo, Texas -- report on competitive factors of the

proposed merger with San Angelo Trust Company.

- Submitted, February 9, 1998 

Dallas

Totalbank, Miami, Florida -- report on competitive factors of the proposed merger

with Florida International Bank, Perrine, Florida. 

- Submitted, February 11, 1998 

Atlanta

DNB Financial, Riverside, California -- extension to divest certain property.

- Granted, February 9, 1998 

EXTENSIONS OF TIME

San Francisco

Stockmens Financial Corporation, Rushville, Nebraska -- extension to May 15, 1998,

to acquire shares of BankWest, Castle Rock, Colorado.

- Granted, February 10, 1998 

Kansas City
H.2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Additions/Corrections

SierraWest Bancorp, Truckee, California -- request for waiver of the application to

acquire California Community Bancshares, Vacaville, California.

- Granted, February 6, 1998 

BANK HOLDING COMPANIES

San Francisco

American Banc Corporation, Fremont, Nebraska -- change in bank control.

- Permitted, February 10, 1998 

CHANGE IN BANK CONTROL

Kansas City

Huntington National Bank, Columbus, Ohio -- report on competitive factors of the

proposed purchase of assets and assumption of liabilities of sixty branches in five

Florida banking markets of Barnett Bank, N.A., Jacksonville, Florida.

- Submitted, February 3, 1998 

COMPETITIVE FACTORS REPORTS

Cleveland
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of February 14, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Fleet Bank of Maine Portland, Maine

Fleet Bank - NH Nashua, New Hampshire

Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an

institution’s examination is rescheduled for a date later than the end of the date range reflected in a published

schedule, the institution’s name will be republished in an appropriate later listing. Any comments received as a result

of either the first publication or subsequent publications will be considered during the examination.
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

4(c)(8) North Fork Bancorporation, Melville, New York, to acquire up to 9.9 N/Avail

percent of the common shares of Long Island Bancorp, Inc., Melville,

New York.

3(a)(1) CAB Holding, L.L.C., Wilmington, Delaware, to acquire 100 percent

of the shares of The Chinese American Bank, New York, New York.

1/

1/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Union Bank of Switzerland, Zurich, Switzerland ("UBS"), in 02/25/98

connection with the proposed merger between UBS and Swiss Bank

Corporation, Basel, Switzerland ("SBC"), to acquire the following

subsidiaries of SBC: (i) SBC Warburg Dillon Read Inc.; (ii) Dillon,

Read Interfunding Inc.; (iii) Private Equity Holding, Inc.; (iv) SBC

Resource Management, Inc.; (v) SBC Brinson, Inc.; and (vi) Warburg

Brunswick Inc., all of New York, New York; and (vii) SBC Warburg

Futures Inc.; (viii) Brinson Partners, Inc.; and (ix) Brinson Trust

Company, all of Chicago, Illinois, and thereby engage in certain

nonbanking activities.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Arab American Bank 40 East 52nd Street

New York, New York 10022

Bankers Trust Company 280 Park Avenue

New York, New York 10017

Manufacturers and Traders Trust Company One M&T Plaza

Buffalo, New York 14240

United States Trust Company 114 West 47th Street

New York, New York 10036
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of February 9, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Second Quarter of 1998

Institution Location

Bryn Mawr Trust Company Bryn Mawr, PA

Summit Bank Bethlehem, PA

“Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an

institution’s examination is rescheduled for a date later than the end of the date range reflected in a published schedule,

the institution’s name will be republished in an appropriate later listing. Any comments received as result of either the

first publication or subsequent publication will be considered during the examination.”
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18C Received application from Community First Bank & Trust 3/6/98

Branch Company, Celina, OH on Februaury 2, 1998, to acquire and

merge with The Union State Bank, Payne, OH and incident

thereto establish branches.

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

Type Application comment period

Ending date of 

CIC Received notice from Mr. William Harvey May, Nelsonville, OH Fed Reg - 3/4/98

on February 11, 1998, of his intent to retain control of up to

25.170 percent of the outstanding voting shares of First National

Bancshares of Nelsonville, Inc., Nelsonville, OH.

3A3 Received application from First Citizens Banc Corp, Sandusky, N/Avail*

OH on February 13, 1998, of its intent to acquire The Farmers

State Bank of New Washington, New Washington, OH.

*Net Yet Known.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Citizens Deposit Bank & Trust P.O. Box 9, 400 Second Street, Vanceburg, KY 41179-0009

Enterprise Bank 6150 Enterprise Parkway, Solon, OH 44139

Farmers Bank & Savings Company P.O. Box 626, 211 W. 2nd Street, Pomeroy, OH 45769-1037

Heartland Bank P.O. Box 7, 12 N. Main Street, Croton, OH 43013-0007

The Citizens Banking Company P.O. Box 247, 10 E. Main Street, Salineville, OH 43945-0247

The St. Henry Bank P.O. Box 330, 231 E. Main Street, St. Henry, OH 45883

Towne Bank 610 East South Boundary, Perrysburg, OH 43551
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Crestar Bank, Richmond, Virginia, to establish a branch at 3/9/98

6075 Gorgas Road, Fort Belvoir, Virginia.*

*Subject to provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

None

 

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

153924 First Virginia Bank-Maryland 9/22/97 2/8/98 Satisfactory Large Bank

9420 Pennsylvania Avenue

Upper Marlboro, Maryland 20772

1017528 First Virginia Bank-Mountain Empire 10/6/97 2/12/98 Satisfactory Large Bank

Laurel Avenue

Damascus, Virginia 24236

991621 Citizens Bank and Trust Company 12/1/97 2/13/98 Satisfactory Small Bank

126 South Main Street

Blackstone, Virginia 23824-1842

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

CIC Community Bancshares, Inc., Blountsville, Alabama, change in N/Avail

control notice filed by Mr. Kennon R. Patterson, Sr., to acquire

1.03 percent of the outstanding shares of Community Bancshares,

Inc., Blountsville, Alabama.

3(a)(1) PSB BancGroup, Inc., Lake City, Florida, to become a bank Fed Reg - 3/02/98

holding company by acquiring Peoples State Bank, Lake City,

Florida (in organization).*

3(a)(1) Flag Financial Corporation, LaGrange, Georgia, to become a bank Fed Reg - 3/06/98

holding company by acquiring Middle Georgia Bankshares, Inc.,

Unadilla, Georgia.*

4(c)(8) Flag Financial Corporation, LaGrange, Georgia, to retain 100 Fed Reg - 3/06/98

percent control over First Federal Savings Bank of LaGrange,

LaGrange, Georgia, and thereby continue operating a thrift

association.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch NBD Bank Newspaper - 2/23/98

Detroit, Michigan

 29750 Wixom Road

 Wixom, Michigan

Branch State Bank of Caledonia Newspaper - 1/28/98

Caledonia, Michigan

 123 S. Westnedge

 Kalamazoo, Michigan

Branch Old Kent Bank Newspaper - 2/21/98

Grand Rapids, Michigan

 1390 N. Leroy

 Fenton, Michigan

Merger & First Banking Center - Burlington Newspaper - N/Avail

 Branches Burlington, Wisconsin

 First Banking Center-Albany

 Albany, Wisconsin

 102 West Main Street

 Albany, Wisconsin

 101 7 1⁄2 Street

 Monroe, Wisconsin

Newspaper - Newspaper Comment Period Ending Date 

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

Type Application comment period

Ending date of 

CIC Federated Bancorp, Inc. Fed Reg - 3/3/98

Loda, Illinois Newspaper - N/Avail

 By Donald H. Schafer

CIC First Mutual Bancorp of Illinois, Inc. Fed Reg - 2/27/98

Harvey, Illinois Newspaper - N/Avail

 By Pethinaidu T. Veluchamy and Parameswari Veluchamy
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

3(a)(1) Little Sioux Bancshares, Inc.* Fed Reg - 3/9/98

Sioux Rapids, Iowa Newspaper - N/Avail

 First State Bank

 Sioux Rapids, Iowa

3(a)(1) LB Bancorp, Inc.* Fed Reg - 3/13/98

Milwaukee, Wisconsin Newspaper - N/Avail

 Liberty Bank

 Milwaukee, Wisconsin

3(a)(1) First Midwest Acquisition Corporation* Fed Reg - N/Avail

Itasca, Illinois Newspaper - N/Avail

 Heritage Financial Services, Inc.

 Tinley Park, Illinois

 Heritage Bank

 Blue Island, Illinois

 Heritage Trust Company

 Tinley Park, Illinois

 First National Bank of Lockport

 Lockport, Illinois

3(a)(3) First Midwest Bancorp, Inc.* Fed Reg - N/Avail

Itasca, Illinois Newspaper - N/Avail

 Heritage Financial Services, Inc.

 Tinley Park, Illinois

 Heritage Bank

 Blue Island, Illinois

 Heritage Trust Company

 Tinley Park, Illinois

 First National Bank of Lockport

 Lockport, Illinois

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available at this time

*Subject to provision of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) First Chicago NBD Corporation Fed Reg - N/Avail

Chicago, Illinois

 Roney & Co., L.L.C., a limited liability company

 Detroit, Michigan

Fed Reg - Federal Register Comment Period Ending Date
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

SMB-OTH Royal American Bank

Inverness, Illinois

 Intent to establish and operate a full service trust department

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

744041 First American Bank 10/6/97 2/13/98 Satisfactory Small

702 Main Street

Jewell, Iowa 50130

(515) 827-5443
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Firstar Bank Illinois Chicago, Illinois

Pullman Bank & Trust Company Chicago, Illinois

The State Bank of Geneva Geneva, Illinois

NorthSide Community Bank Gurnee, Illinois

Royal American Bank Inverness, Illinois

The Millbrook-Newark Bank Newark, Illinois

Union Bank Streator, Illinois

Ripley County Bank Osgood, Indiana

Iowa State Bank Calmar, Iowa

Fortress Bank of Cresco Cresco, Iowa

Security Bank Mashalltown, Iowa

Ossian State Bank Ossian, Iowa

Community Savings Bank Robins, Iowa

Security State Bank Stuart, Iowa

Washington State Bank Washington, Iowa

Chelsea State Bank Chelsea, Michigan

Citizens Bank Flint, Michigan

Lapeer County Bank & Trust Co. Lapeer, Michigan

Charter Bank Wyandotte, Michigan

F&M Bank-Algoma Algoma, Wisconsin 

F&M Bank-Brodhead Brodhead, Wisconsin

F&M Bank-East Troy East Troy, Wisconsin

F&M Bank-Fennimore Fennimore, Wisconsin

F&M Bank-New London New London, Wisconsin

F&M Bank-Winnebago County Omro, Wisconsin

Heritage Bank and Trust Racine, Wisconsin

M&I Mid-State Bank Stevens Point, Wisconsin
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Notice by Farmers and Merchants Bank, Rogers, Arkansas, to 1/5/98

relocate its main office to 500 West Walnut, Rogers, Arkansas,

and to retain the existing main office location at 401 West

Chestnut, Rogers, Arkansas, as a branch facility.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(5) Notice by National City Bancshares, Inc., Evansville, Indiana, to Newspaper - 3/6/98

acquire Illinois One Bancorp, Inc., Shawneetown, Illinois

(previously reported during the week of February 2, 1998).*

3(a)(3) Notice by Union Planters Corporation, Memphis, Tennessee, to Fed Reg - 3/13/98

acquire Peoples First Corporation, Paducah, Kentucky.*

3(a)(5) Notice by Union Planters Corporation, Memphis, Tennessee, to Fed Reg - 3/13/98

acquire Merchants Bancshares, Inc., Houston, Texas.*

3(a)(3) Notice by Chambers Bancshares, Inc., Danville, Arkansas, to Newspaper - 3/13/98

acquire Community Investment, Inc., Elkins, Arkansas.*

CIC Notice involving Brinkley Bancshares, Inc., Brinkley, Arkansas, N/Avail

by the Gus Rusher Family Limited Partnership, Brinkley,

Arkansas.

*Subject to the provisions of the Community Reinvestment Act.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Notice by Union Planters Corporation, Memphis, Tennessee, to 3/13/98

acquire Merchants Bancshares, Inc., Houston, Texas.

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

Type Application comment period

Ending date of 

4(j)(5)(B) Notice by Concord EFS, Inc., Memphis, Tennessee, to acquire Not applicable

Digital Merchant Systems, Inc., et. al., Northfield, Illinois.

4(j)(5)(B) Notice by Midwest Bankers' Bancorporation, Inc., Jefferson City, Not applicable

Missouri, to acquire Missouri Trust Company, Jefferson City,

Missouri.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

499613 Fifth Third Bank of Kentucky, Inc. 9/8/97 2/13/98 Outstanding Large Bank

Louisville, Kentucky

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Farmers and Merchants Bank Rogers, Arkansas

Simmons First Bank of Russellville Russellville, Arkansas

Springdale Bank & Trust Springdale, Arkansas

The Farmers & Merchants Bank Stuttgart, Arkansas

The Bank of Yellville Yellville, Arkansas

First Bank Creve Coeur, Missouri

Citizens Bank New Haven, Missouri

Southern Commercial Bank St. Louis, Missouri
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Ronan State Bank, Ronan, Montana, to establish a branch in 3/19/98

Polson, Montana.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application period

Ending date of comment

CIC Kevin Hammer to acquire control of 49.0% of the voting shares of Fed Reg - 3/3/98

Hoffman Bancshares, Inc., Hoffman, Minnesota.

3(a)(3) Community First Bankshares, Inc., Fargo, North Dakota, for prior Fed Reg - 3/9/98

approval to acquire 100% of the voting shares of Pioneer Bank of

Longmont, Longmont, Colorado.*

3(a)(5) Community First Bankshares, Inc., Fargo, North Dakota, for prior Fed Reg - 3/9/98

approval to acquire by merger 100% of the voting shares of FNB,

Inc., Greeley, Colorado, which owns 100% of the voting shares of

First National Bank of Greeley, Greeley, Colorado, and Poudre

Valley Bank, Fort Collins, Colorado.*

3(a)(5) Community First Bankshares, Inc., Fargo, North Dakota, for prior Fed Reg - 3/9/98

approval to acquire by merger 100% of the voting shares of

Community Bancorp, Inc., Thornton, Colorado, which owns 100%

of Community First National Bank, Thornton, Colorado.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of

None 

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

680457 The Yellowstone Bank 11/3/97 2/11/98 Satisfactory Small Bank

Laurel, Montana
Section VI - CRA examinations scheduled 2nd Quarter of 1998 

Institution Location

The Peninsula Bank Ishpeming, Michigan

Root River State Bank Chatfield, Minnesota

Le Crescent State Bank Le Crescent, Minnesota

Cornerstone State Bank Le Sueur, Minnesota

Dakota Bank Mendota Heights, Minnesota

Peoples State Bank of Plainview Plainview, Minnesota

Citizens State Bank of St. James St. James, Minnesota

Citizens State Bank Arlington, South Dakota

M&I Community State Bank Eau Claire, Wisconsin

F&M Bank-Lakeland Woodruff, Wisconsin

Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an

institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule,

the institution's name will be republished in an appropriate later listing. Any comments received as a result of either

the first publication or subsequent publications will be considered during the examination. Written comments

regarding the CRA performance of these institutions should be directed to Ms. Jacquelyn Brunmeier at the Federal

Reserve Bank of Minneapolis, Banking Supervision Department, PO Box 291, Minneapolis, Minnesota 55480-0291.
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) / Branch First Security Bank, Fort Lupton, Colorado, for prior approval to Newspaper - N/Avail

purchase the assets and assume the liabilities of The Security

Bank, Craig, Colorado.

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

Type Application comment period

Ending date of 

3(a)(3) Morrill Bancshares, Inc., Sabetha, Kansas, for prior approval to Newspaper - N/Avail

acquire 47.71 percent of the voting shares of Century Acquisition Fed Reg - 03/13/98

Corporation, Hurst, Texas; and thereby indirectly acquire City

National Bank, Kilgore, Texas.

3(a)(3) International Brotherhood of Boilermakers, Iron Ship Builders, Newspaper - 03/16/98

Blacksmiths, Forgers and Helpers, Kanss City, Kansas; to acquire Fed Reg - 03/13/98

up to 47.5 percent of the voting shares of Brotherhood

Bancshares, Inc., Kansas City, Kansas; and thereby indirectly

acquire Brotherhood Bank & Trust Company, Kansas City,

Kansas.

4(c)(8) Morrill Bancshares, Inc., Sabetha, Kansas, and Morrill & Janes Newspaper - N/Avail

Bancshares, Inc., Hiawatha, Kansas, First Centralia Bancshares, Fed Reg - 03/13/98

Inc., Centralia, Kansas, Davis Bancorporation, Inc., Davis,

Oklahoma, Onaga Bancshares, Onaga, Kansas; to acquire FBC

Financial Corporation, Claremore, Oklahoma, and thereby

indirectly acquire 1st Bank Oklahoma, Claremore, Oklahoma, and

thereby engage in operating a savings association, pursuant to

225.28(b)(4) of the Board’s Regulation Y.

CIC Martin L. And Sandra D. Sisneros, Abencio E. and Rosie M. Newspaper -02/28/98

Sisneros, Joaquin A. and Dolores Sisneros, Philip and Attonette Fed Reg - 02/25/98

Sisneros, all of Belen, New Mexico, and Alex E. and Debbie

Sisneros of Los Lunas, New Mexico; for prior approval to acquire

voting shares of The Bank of Belen, Belen, New Mexico.

CIC The Eatherly Family Limited Partnership, Ponca City, Oklahoma, Newspaper - N/Avail

to acquire voting control of First Bancorp of Oklahoma, Inc., Fed Reg - N/Avail

Tonkawa, Oklahoma; and thereby indirectly acquire First National

Bank of Oklahoma, Oklahoma City, Oklahoma.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Bancshares of Missouri, Kearney, Missouri, to retain its investment Fed Reg - N/Avail

in Jesse James Festival Grounds, L.L.C., Kearney, Missouri, and to

continue to engage in a community development activity, pursuant

to section 225.28(b)(12) of the Board’s Regulation Y.

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

The federal bank regulators use the following four performance levels to rate an institution’s performance under

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

76555 American Bank 11/17/97 02/09/98 Satisfactory

7701 E. Kellogg

Wichita, Kansas 67215

555658 Sheridan State Bank 11/17/97 02/10/98 Outstanding

29 N. Gould Street

Sheridan, Wyoming 82801-6316
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating

12058 Bank of Holden 11/17/97 02/10/98 Satisfactory

123 W. 2nd

Holden, Missouri 64040-1383

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Bank of Boulder Boulder, Colorado

The Citizens Bank Cortez, Colorado

Farmers State Bank Fort Morgan

Union Colony Bank Greeley, Colorado

First Mountain Bank Leadville, Colorado

State Bank Lancaster, Kansas

Webb City Bank Webb City, Missouri

Bank of Hartington Hartington, Nebraska

First Security Bank Mitchell, Nebraska

First Nebraska Bank Valley, Nebraska

Bank of Chelsea Chelsea, Oklahoma

First American Bank & Trust Company Purcell, Oklahoma

First State Bank Temple, Oklahoma

Citizens Bank Tulsa, Oklahoma

First State Bank Wheatland, Wyoming
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(1) First Azle Bancshares, Inc., Employee Stock Ownership Plan, Newspaper - N/Avail

Azle, TX, to acquire First Azle Bancshares, Inc., Azle, TX, and

First Bank, Azle, TX*

*Subject to the provisions of the Community Reinvestment Act.

N/Avail - Not available at this time.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Second Quarter of 1998

Institution Location

First State Bank 112 West Polk

Livingston, TX Livingston, TX 77351

884358

Texas First Bank 3232 Palmer Highway

Texas City, TX Texas City, TX 77590

473266

Zia New Mexico Bank 102 East Main Street

Tucumcari, NM Tucumcari, NM 88401

655455
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of February 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

CIC Y.C. Yang, John C. Yang, Stephen C. Yang, and Paul C. Yang, all Newspaper - N/Avail

of San Francisco, California, to increase their ownership to more Fed Reg - N/Avail

than 25 percent of National American Bancorp, San Francisco,

California. *

* Subject to the provisions of the Community Reinvestment Act 

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

Waiver Zions Bancorporation, Salt Lake City, Utah, and its subsidiary Val None

Cor Bancorporation, Inc., Cortez, Colorado, requests waiver of any

Bank Holding Company Act application requirement in connection

with its acqusition of Routt County National Bank Corporation, and

its wholly-owned subsidiary, First National Bank of Colorado, both of

Steamboat Springs, Colorado.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of

4(c)(8) Notice Inland Northwest Bancorporation, Inc., Spokane, Washington, to None

engage in mortgage services activities through the acquisition of Hege

Company, Inc., dba Creative Mortgage, Spokane, Washington.

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

485867 Bank of Casa Grande 10/13/97 2/11/98 Satisfactory X

1300 E. Florence Boulevard

P.O. Box 12066

Casa Grande, AZ 85230-2066

(520) 836-4666
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

92162 American Pacific Bank 10/06/97 2/12/97 Needs to X

300 N. Santiam Boulevard Improve

Mill City, OR 97360

(503) 749-1200

Footnotes: 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 2nd Quarter of 1998

Institution Location

El Dorado Bank Tustin, CA

Farmers & Merchants Bank of Long Beach Long Beach, CA

Foothill Independent Bank Glendora, CA

Humboldt Bank Eureka, CA

Idaho Banking Company Boise, ID

Mid-Peninsula Bank Palo Alto, CA

Community Bank of Nevada Las Vegas, NV

Footnotes: The above data are being provided for your information shouuld you wish to share comments with this

Reserve Bank regarding the CRA performance of a scheduled bank's examination. Examinations may have to be

rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is

rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will

be republished in a appropriate later listing. Any comments received as a result of either the first publication or

subsequent publications will be considered during the examination. Written comments should be directed to Ms. Joy

Hoffmann-Molloy, Division of Banking Supervision and Regulation (MS620), 101 Market Street, San Francisco, CA 

94105.