Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 26 

Week Ending June 30, 2001 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions June 24, 2001 to June 30, 2001 

Bank Holding Companies 

BB&T Corporation, Winston-Salem, North Carolina -- to acquire F&M National 

Corporation, Winchester, Virginia, and its subsidiary banks; and to acquire F&M's 

nonbanking subsidiaries, F&M Trust Company, Winchester, and Johnson Mortgage 

Company, LLC, Newport News, and thereby engage in trust company and mortgage 

banking activities. 

- Approved, June 25, 2001 

SunTrust Banks, Inc., Atlanta, Georgia -- commenter's request for review of the decision 

by the Federal Reserve Bank of Atlanta to accept for processing the application for the 

proposed merger with or acquisition of Wachovia Corporation, Winston-Salem, North 

Carolina. 

- Denied, June 28, 2001 

Banks, Foreign 

Banco Pastor, S.A., A Coruna, Spain -- to establish an agency in Miami, Florida. 

- Announced, June 28, 2001 

Banks, State Member 

Central State Bank, Muscatine, Iowa -- to purchase the assets and assume the liabilities 

of the Muscatine branch of Commercial Federal Bank, Omaha, Nebraska. 

- Approved, June 25, 2001 

Discount Rates 

Discount Rates -- decrease from 3-1/2 percent to 3-1/4 percent by the Federal Reserve 

Banks of Boston, New York, Philadelphia, Atlanta, Chicago, Dallas, and San Francisco; 

by the Federal Reserve Banks of Cleveland, Richmond, Minneapolis, and Kansas City, 

effective June 28, 2001, and by the Federal Reserve Bank of St. Louis, effective June 29. 

- Approved, June 27, 2001 

Regulations And Policies 

Host state lending ratios under the Riegle-Neal Interstate Banking and Branching 

Efficiency Act -- interagency release of the host state loan-to-deposit ratios used by the 

banking agencies to determine compliance with prohibition against establishing or 

acquiring interstate branches for the purpose of deposit production. 

- Published, June 28, 2001 

(AC) = Addition or Correction Board - Page 1 of 2 
H.2 Board Actions June 24, 2001 to June 30, 2001 

Enforcement 

Banco Mercantil, C.A., S.A.C.A., New York Agency, New York, New York -- order 

of prohibition against Nelly Kann de Gouverneur, a former employee and institutionaffiliated party. 

- Announced, June 21, 2001 (AC) 

(AC) = Addition or Correction Board - Page 2 of 2 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

BS&R Banking Supervision and Regulatio RBOPS Reserve Bank Operations and Payment 

IF International Fiance 

OSDM Office of Staff Director for Managemen 

C&CA Consumer and Community Affai 

FOMC Federal Open Market Committ 

Bank Branches, Domestic 

Chicago 

Blencoe State Bank, Blencoe, Iowa -- to establish a branch at 21947 State Highway 

175, Onawa. 

- Approved, June 29, 2001 

Secretary 

Atlanta 

Boston 

Centura Bank, Rocky Mount, North Carolina -- to establish branches at 2149 Valley 

Gate Drive, Fayetteville; 8809 Six Forks Road, Raleigh; and 2314 College Road, 

Wilmington. 

- Approved, June 28, 2001 

First Bank and Trust Company of Tennessee, Johnson City, Tennessee -- to establish a 

branch at 1108 East Stone Drive, Kingsport. 

- Approved, June 25, 2001 

Merrill Merchants Bank, Bangor, Maine -- to establish a branch at 58 Elm Street, 

Waterville. 

- Approved, June 25, 2001 

San Francisco 

Mid-Peninsula Bank, Palo Alto, California -- to establish a branch at 874 Fourth Street, 

Suite E, San Rafael. 

- Approved, June 25, 2001 

St. Louis 

MidSouth Bank, Jonesboro, Arkansas -- to establish a branch at 601 Holman Street, 

Brookland. 

- Withdrawn, June 26, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Bank Branches, Domestic 

Atlanta 

Riverside Bank of the Gulf Coast, Cape Coral, Florida -- to establish a branch at 15280 

McGregor Boulevard, Fort Myers. 

- Approved, June 26, 2001 

Chicago 

Royal American Bank, Inverness, Illinois -- to establish a branch at 645 Tollgate Road, 

Elgin. 

- Approved, June 27, 2001 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 657 Fairview Road, 

Simpsonville, South Carolina. 

- Approved, June 28, 2001 

Kansas City 

SpiritBank, Tulsa, Oklahoma -- to establish a branch at 520 South Knoblock Street, 

Stillwater. 

- Approved, June 25, 2001 

Kansas City 

WestStar Bank, Vail, Colorado -- to establish a branch at 2448 R Road, Grand Junction. 

- Approved, June 25, 2001 

Bank Holding Companies 

San Francisco 

The Bank of East Asia, Limited, Hong Kong, and East Asia Holding Company, Inc., 

New York, New York -- to become bank holding companies through the acquisition of 

Grand National Bank, Alhambra, California. 

- , June 29, 2001 

Boston 

Cambridge Financial Group, Inc., Cambridge, Massachusetts -- to retain 87.75 percent 

of Cambridge Appleton Trust, N.A. 

- Approved, June 28, 2001 

(AC) = Addition or Correction Delegated - Page 2 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Bank Holding Companies 

Boston 

Camden National Corporation, Camden, Maine -- to acquire Acadia Trust, National 

Association, Portland, and Gouws Capital Management, Inc. 

- Approved, June 29, 2001 

Cleveland 

Atlanta 

Dallas 

Community First Financial Bancorp, New Holland, Ohio -- to become a bank holding 

company through the acquisition of The First National Bank of New Holland. 

- Approved, June 25, 2001 

Financial Investors of the South, Birmingham, Alabama -- to acquire Capital Bank, 

Montgomery, a de novo bank. 

- Approved, June 29, 2001 

First National Bancshares of Huntsville, Huntsville, Texas -- to become a bank holding 

company through the acquisition of Huntsville Delaware Holdings, Inc., Wilmington, 

Delaware, and First National Bank of Huntsville, Huntsville; and for Huntsville Delaware 

Holdings, Inc. to become a bank holding company through the acquisition of First 

National Bank of Huntsville. 

- Approved, June 29, 2001 

Secretary 

First Union Corporation, Charlotte, North Carolina -- extension to July 2, 2001, to 

receive comments from several commenters on the proposed acquisition of Wachovia 

Corporation, Winston-Salem. 

- Granted, June 26, 2001 

Atlanta 

Florida Coastline Community Group, Inc., Miami, Florida -- to become a bank holding 

company through the acquisition of Florida Coastline National Bank, a de novo bank. 

- Returned, June 25, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Bank Holding Companies 

Kansas City 

Geneva State Company, Geneva, Nebraska -- to acquire shares of Grafton State Bank, 

Grafton. 

- Approved, June 27, 2001 

Dallas 

Mason National Bank Employee Stock Ownership Plan, Mason, Texas -- to become a 

bank holding company through the acquisition of Mason National Bancshares of Nevada, 

Inc., Carson City, Nevada; Mason National Bancshares, Inc., Mason, Texas, and Mason 

National Bank. 

- Approved, June 27, 2001 

Chicago 

Northview Financial Corporation, Northfield, Illinois -- to retain a 50-percent interest 

owned by its subsidiary, Northview Bank & Trust, in Northview Mortgage, LLC and 

thereby engage in extending credit and servicing loans. 

- Approved, June 21, 2001 (AC) 

Boston 

Norway Bancorp, MHC, Norway, Maine, and Norway Bancorp, Inc. -- to increase 

their ownership interest in Financial Institution Services Corp., Lewiston. 

- Approved, June 29, 2001 

Chicago 

Piper Holdings, Inc., Covington, Indiana -- to become a bank holding company through 

the acquisition of The Fountain Trust Company. 

- Withdrawn, June 28, 2001 

St. Louis 

Porter Bancorp, Inc., Shepherdsville, Kentucky -- to acquire USAccess Holdings, Inc., 

Louisville, a de novo organization; for USAccess Holdings, Inc. to become a bank 

holding company through the acquisition of USAccess Bank, Inc., Louisville; and for 

Porter Bancorp, Inc., USAccess Holdings, Inc., and USAccess Bank to acquire Interim 

Henry County Bank, Inc., Pleasureville. 

- Approved, June 29, 2001 

(AC) = Addition or Correction Delegated - Page 4 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Bank Holding Companies 

Philadelphia 

PSB Bancorp, Inc., Philadelphia -- to acquire Jade Financial Corp., Feasterville. 

- Approved, June 26, 2001 

Secretary 

SunTrust Banks, Inc., Atlanta, Georgia -- commenter's request to extend the comment 

period on the proposed merger with or acquisition of Wachovia Corporation, WinstonSalem, North Carolina. 

- Granted, June 29, 2001 

Dallas 

TRB Bancorp, Inc., Dallas, Texas -- to become a bank holding company through the 

acquisition of Greenbelt Bancshares, Inc., Quanah, and The Security National Bank in 

Quanah. 

- Approved, June 27, 2001 

Banks, Foreign 

Chicago 

Bank of Montreal, Montreal Canada, and Bankmont Financial Corp., Chicago, Illinois --

to acquire First National Bancorp, Inc., Joliet, Illinois, and First National Bank of Joliet. 

- Approved, June 22, 2001 (AC) 

Chicago 

Bank of Montreal, Montreal, Canada, -- to establish Harris Joliet Bankcorp, Chicago, 

Illinois, and through Bankcorp acquire First National Bancorp, Inc., Joliet, and First 

National Bank of Joliet; and for Bankcorp to become a bank holding company. 

- Approved, June 22, 2001 (AC) 

Boston 

The Royal Bank of Scotland Group PLC, Edinburgh, Scotland -- to engage in securities 

brokerage and riskless principal activities through its subsidiary, Coutts Securities Inc. 

- Approved, June 21, 2001 (AC) 

(AC) = Addition or Correction Delegated - Page 5 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Banks, State Member 

Atlanta 

Bank Independent, Sheffield, Alabama -- to acquire the Tuscumbia and Sheffield 

branches of Union Planters Bank, N.A., Memphis, Tennessee. 

- Approved, June 29, 2001 

Boston 

Boston Safe Deposit and Trust Company, Boston, Massachusetts -- to make a 

community development investment in the series D equity equivalent notes of Boston 

Community Loan Fund, Inc., and to retain a community development investment in 

Massachusetts Housing Equity Fund 2000 LLC. 

- Approved, June 28, 2001 

Secretary 

Central Savings Bank, Sault Sainte Marie, Michigan -- to purchase certain assets and 

assume certain liabilities of the St. Ignace and Mackinac Island branches of North 

Country Bank & Trust, Traverse City. 

- Approved, June 29, 2001 

Philadelphia 

First Penn Bank, Philadelphia, Pennsylvania -- to merge with IGA Federal Savings Bank, 

Feasterville. 

- Approved, June 26, 2001 

Change In Bank Control 

Minneapolis 

Belle Fourche Bancshares, Inc., Belle Fourche, South Dakota -- change in bank control. 

- Withdrawn, June 29, 2001 

Competitive Factors Reports 

Kansas City 

Bank of Leigh, Leigh, Nebraska -- report on competitive factors of the proposed 

purchase of certain assets and assumption of the deposits of the Creston branch of 

Pinnacle Bank, Papillion. 

- Submitted, June 29, 2001 

(AC) = Addition or Correction Delegated - Page 6 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Competitive Factors Reports 

Chicago 

Bank One, National Association, Chicago, Illinois -- report on competitive factors of the 

proposed merger with Bank One, Florida, Venice, Florida. 

- Submitted, June 27, 2001 

Chicago 

Bank One, Utah, National Association, Salt Lake City, Utah -- report on competitive 

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

First USA Financial Services, Inc., Salt Lake City, Utah. 

- Submitted, June 27, 2001 

St. Louis 

Exchange Bank, Mayfield, Kentucky -- report on competitive factors of the proposed 

purchase of assets and assumption of liabilities of branches of Union Planters Bank, N.A., 

Memphis, Tennessee, in Beaver Dam, Central City, Greenville, Hartford, Livermore, and 

Morgantown, all in Kentucky. 

- Submitted, June 25, 2001 

Kansas City 

First National Bank, Julesburg, Colorado -- report on competitive factors of the 

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

branch of Bank of Colorado, Fort Lupton. 

- Submitted, June 29, 2001 

Minneapolis 

First State Bank of Alexandria-Carlos, Alexandria, Minnesota -- report on competitive 

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

branch of Lake Country State Bank, Long Prairie. 

- Submitted, June 27, 2001 

Kansas City 

First Western National Bank, La Jara, Colorado -- report on competitive factors of the 

proposed purchase of certain assets and assumption of certain liabilities of 1st Financial 

Bank, Overland Park, Kansas. 

- Submitted, June 29, 2001 

(AC) = Addition or Correction Delegated - Page 7 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Competitive Factors Reports 

Richmond 

The Heritage Bank, Lucama, North Carolina -- report on competitive factors of the 

proposed merger with Pine Level Bank, Pine Level. 

- Submitted, June 25, 2001 

New York 

Hudson United Bank, Mahwah, New Jersey -- report on competitive factors of the 

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

International Bank, Hartford, Connecticut. 

- Submitted, June 25, 2001 

Kansas City 

Intrust Bank, N.A., Wichita, Kansas -- report on competitive factors of the proposed 

merger with Will Rogers Bank, Oklahoma City, Oklahoma. 

- Submitted, June 29, 2001 

San Francisco 

Klamath First Federal Savings and Loan Association, Klamath Falls, Oregon -- report on 

competitive factors of the proposed acquisition of 13 Oregon and Washington branches 

of Washington Mutual, Inc., Seattle, Washington. 

- Submitted, June 28, 2001 

New York 

NBT Bank, National Association, Norwich, New York -- report on competitive factors 

of the proposed purchase and assumption of certain deposit liabilities of the Oneonta 

branch of Mohawk Community Bank in Martin's Food Supermarket, Amsterdam. 

- Submitted, June 25, 2001 

New York 

New York Community Bank, Flushing, New York -- report on competitive factors of the 

proposed merger with Richmond County Savings Bank, Staten Island. 

- Submitted, June 28, 2001 

(AC) = Addition or Correction Delegated - Page 8 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

Competitive Factors Reports 

Boston 

Park West Bank and Trust Company, West Springfield, Massachusetts -- report on 

competitive factors of the proposed merger with Cargill Bank of Connecticut, Danielson, 

Connecticut. 

- Submitted, June 26, 2001 

Chicago 

Peoples Savings Bank, Indianola, Iowa -- report on competitive factors of the proposed 

merger with the Lacona and Milo, Iowa, branches of Union Planters Bank, N.A., 

Memphis, Tennessee. 

- Submitted, June 27, 2001 

Chicago 

Pontiac National Bank, Pontiac, Illinois -- report on competitive factors of the proposed 

purchase of certain assets and assumption of certain liabilities of the Gridley branch of 

Amcore Bank, National Association, Rockford. 

- Submitted, June 29, 2001 

Philadelphia 

Progress Bank, Blue Bell, Pennsylvania -- report on competitive factors of the proposed 

acquisition of the Hunterdon County, New Jersey, and Bucks County, Pennsylvania, 

branches of Main Street Bank, Reading. 

- Submitted, June 26, 2001 

Kansas City 

Security National Bank, Manhattan, Kansas -- report on competitive factors of the 

proposed merger with Landmark Federal Savings Bank, Dodge City. 

- Submitted, June 29, 2001 

Extensions Of Time 

Chicago 

Lone Tree Service Company, Lone Tree, Iowa -- extension to September 30, 2001, to 

engage de novo in lending activities. 

- Granted, June 28, 2001 

(AC) = Addition or Correction Delegated - Page 9 of 10 
H.2 Actions under delegated authority June 24, 2001 to June 30, 2001 

International Operations 

Dallas 

Texas Capital Bank, N.A., Dallas, Texas -- to establish a branch in the Cayman Islands. 

- Approved, June 29, 2001 

Membership 

Chicago 

Marquette National Bank, Chicago, Illinois -- to remain a member of the Federal Reserve 

System after its conversion from a national to a state charter. 

- Approved, June 26, 2001 

Regulations And Policies 

FOMC

Short-term Interest Rates -- decrease in the target for the federal funds rate from 4 

percent to 3-3/4 percent. 

- Approved, June 27, 2001 

(AC) = Addition or Correction Delegated - Page 10 of 10 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Representative 

Office 

China Merchants Bank, Shenzhen, People’s Republic of China, 

to establish a representative office in New York, New York.* 

Newspaper – N/Avail 

Representative 

Office 

Banca Comerciala Romana S.A., Bucharest, Romania, to 

establish a representative office in New York, New York.* 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1)/3(a)(3) North Fork Bancorporation, Inc. and its wholly-owned 

subsidiary, North Fork Bank, both of Melville, New York, to 

acquire Commercial Bank of New York, New York, New 

York.* 

Newspaper – N/Avail 

Fed Reg – 07/30/2001 

3(a)(3) Canadian Imperial Bank of Commerce, CIBC World Markets 

Inc., both of Toronto, Canada, CIBC Delaware Holdings Inc., 

New York, New York, and Amicus Holdings Inc., Cicero, 

Illinois, to acquire 95% of the Series C Preferred Stock and up to 

51% of the total voting shares of Juniper Financial Corp., 

Wilmington, Delaware.* 

Newspaper – N/Avail 

Fed Reg – 07/26/2001 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Maryland Bankcorp, Inc., Lexington Park, Maryland, to Fed Reg - 07/27/2001 

become a bank holding company through the acquisition Newspaper - 07/29/2001 

of 100% of the voting shares of Maryland Bank & Trust 

Company, N.A., Lexington Park, Maryland.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch SouthTrust Bank, Birmingham, Alabama, to establish a branch 06/20/2001* 

located at 657 Fairview Road, Simpsonville, South Carolina. 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Cedar Rapids Bank and Trust Company, Cedar Rapids, Iowa, 

for prior approval to acquire the Cedar Rapids, Iowa branch 

office of Quad City Bank and Trust Company, Bettendorf, 

Iowa.* 

18(c) & Branch Central Trust & Savings Bank, Cherokee, Iowa, for prior 

approval to acquire certain assets and assume certain liabilities 

of First Federal Bank, Sioux City, Iowa and thereby to establish 

a branch at 2 Bow Drive, Cherokee, Iowa.* 

18(c) & Comerica Bank-California, San Jose, California, for prior 

Branches approval to merge with Imperial Bank, Inglewood, California 

and thereby to establish 15 branches.* 

18(c) & Branch Commercial Trust & Savings Bank, Storm Lake, Iowa, for prior 

approval to acquire the Storm Lake, Iowa branch office of 

Commercial Federal Bank, FSB, Omaha, Nebraska and thereby 

to establish a branch at 1250 N. Lake Avenue, Storm Lake, 

Iowa.* 

18(c) & Branch 1st Source Bank, South Bend, Indiana, for prior to merge with 

and thereby establish two branch offices at LaPorte, Indiana, and 

Michigan City, Indiana.* 

18(c) & Titonka Savings Bank, Titonka, Iowa, for prior approval to 

Branches purchase the Forest City, Iowa and Thompson, Iowa branches of 

Commercial Federal Bank, FSB, Omaha, Nebraska and thereby 

to establish a branch at 155 Jackson Street, Thompson, Iowa and 

to relocate their branch located at 101 N. Clark Street, Forest 

City, Iowa to 102 N. Clark Street, Forest City, Iowa.* 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – N/Avail 

Newspaper – N/Avail 

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

Ending date of 

Type Application comment period 

3(a)(1) American Bank Holdings, LLC., Cedar Falls, Iowa, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of American 

Bancorporation, Cedar Falls, Iowa, and thereby indirectly Cedar 

Valley Holding Company, Cedar Falls, Iowa, and Cedar Valley 

State Bank, Saint Ansgar, Iowa.* 

3(a)(1) American Community Financial, Inc., Woodstock, Illinois, for 

prior approval to become a bank holding company through the 

acquisitions of 100 percent of the voting shares of American 

Community Bank & Trust, Woodstock, Illinois.* 

3(a)(5) Harvard Bancorp, Inc., Harvard, Illinois, for prior approval to 

acquire 100 percent of the voting shares of Hebron Bancshares, 

Inc., Hebron, Illinois and thereby indirectly acquire Hebron 

State Bank, Hebron, Illinois.* 

4(c)(8) Hasten Bancshares, Indianapolis, Indiana, for prior approval to 

acquire 100 percent of the voting shares of Harrington Financial 

Group, Inc., Overland Park, Kansas, and thereby indirectly 

acquire Harrington Bank, FSB, Overland Park, Kansas.* 

3(a)(1) Henry State Bancorp, Inc., Henry, Illinois, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of Henry State Bank, Henry, 

Illinois.* 

Notification by Charles Weldon Morrison of a Change in 

Control of Lamoine Bancorp, Inc., LaHarpe, Illinois. 

3(a)(5) Marshall & Ilsley Corporation, Milwaukee, Wisconsin, for prior 

approval to acquire 100 percent of the voting shares of National 

City Bancorporation, Minneapolis, Minnesota and thereby 

indirectly acquire National City Bank of Minneapolis, 

Minneapolis, Minnesota.* 

3(a)(3) Quad City Holdings, Inc., Moline, Illinois, for prior approval to 

acquire 100 percent of the voting shares of Cedar Rapids Bank 

and Trust Company (in organization), Cedar Rapids, Iowa.* 

3(a)(1) Speer Bancshares, Inc., Speer, Illinois, for prior approval to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of State Bank of Speer, Speer, 

Illinois.* 

Fed Reg – 7/06/2001 

Newspaper – N/Avail 

Fed Reg – 7/30/2001 

Newspaper – N/Avail 

Fed Reg – 7/02/2001 

Newspaper – 6/30/2001 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 7/02/2001 

Newspaper – N/Avail 

Fed Reg – 7/09/2001 

Newspaper – 07/09/2001 

Fed Reg – 07.20/2001 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

CC 
Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Marshall & Ilsley Corporation, Milwaukee, Wisconsin, for prior Fed Reg – 07/02/2001 

approval to acquire 100 percent of the voting shares of 

Diversified Business Credit, Inc., Minneapolis, Minnesota and 

thereby to engage in extending credit and servicing loans. 

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

Type Application 

Commitment 

Modification 

Comerica Incorporated, Detroit, Michigan, for prior approval to 

be released from the commitments with respect to their 

ownership of greater than 5 percent of NYCE. 

4(c)(8) Northern Trust Corporation, Chicago, Illinois, for prior approval 

to engage indirectly through Northern Trust Global Advisors, 

Inc., Stamford, Conneticut, in the nonbanking activity of acting 

as a general partner of private equity funds. 

4(c)(8) Northern Trust Corporation, Chicago, Illinois, for prior approval 

to engage indirectly through Northern Trust Global Advisors, 

Inc., Stamford, Conneticut, in the nonbanking activity of 

commodity pool operator and commodity trading advisor 

activities. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

968436 Midwest Bank & Trust Co. 09/25/2000 06/25/2001 S X 

1606 N. Harlem Avenue 

Elmwood Park, Illinois 60707 

(708) 456-4700 

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, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Joseph Manford Skophammer Trust, and Nancy Leah 

Skophammer to acquire control of Hartland Bancshares, Inc., 

Hartland, Minnesota. 

CIC Notice of change in control by Fred A. Bon, Paul D. Bakkum, 

and Thomas W. Capouch to acquire control of First and Farmers 

Bank Holding Company, Portland, North Dakota. 

3(a)(3) Western Bancorporation, Inc., Duluth, Minnesota, proposes to 

acquire 100% of the voting shares of Cass Lake Company, Cass 

Lake, Minnesota. 

Fed. Reg. – 07/16/2001 

Newspaper – 07/19/2001 

Fed. Reg. – 07/23/2001 

Newspaper – 07/13/2001 

Fed. Reg. – N/Avail. 

Newspaper – N/Avail. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8)LLE Western Bancorporation, Inc., Duluth, Minnesota, proposes to Fed. Reg. – N/Avail. 

acquire Cass Lake Company, Cass Lake, Minnesota and thereby 

engage in general insurance agency activities in a place with a 

population of less than 5,000. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch 1st Financial Bank, Overland Park, Kansas, for prior approval to 

establish a de novo branch at 9892 Rosemont Avenue, Lone 

Tree, Colorado. 

Branch BancFirst, Oklahoma City, Oklahoma, for prior approval to 

establish a branch at 6200 Waterford Boulevard, Oklahoma 

City, Oklahoma. 

Branch Pioneer Bank and Trust Company, Ponca City, Oklahoma, for 

prior approval to establish a branch at 2701 North 14th, Ponca 

City, Oklahoma. 

18(c) 1st Financial Bank, Overland Park, Kansas, for prior approval to 

merge with The Rio Grande County Bank, Del Norte, Colorado, 

and incident thereto, establish branches in Del Norte, Monte 

vista, Center, South Fork, and Creede, all cities of Colorado. 

Newspaper – 07/15/2001 

Newspaper – 06/28/2001 

Newspaper – 07/09/2001 

Newspaper – 07/15/2001 

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

Ending date of 

Type Application comment period 

CIC Thomas G. Fitzgerald, James G. Fitzgerald, Joyce M. Fitzgerald, 

Jane M. Fitzgerald, the Andrew James Fitzgerald Irrevocable 

Trust Dated December 15, 1982, the Timothy Edward Fitzgerald 

Irrevocable Trust Dated May 1, 1983, the Lauren Webb 

Fitzgerald Irrevocable Trust Dated May 1, 1983, and the 

Thomas Gosselin Fitzgerald Jr. Irrevocable Trust Dated January 

3, 1985, all of Inverness, Illinois, for prior approval to acquire 

92.1 percent of the voting shares of First Bancorp of Durango, 

Inc., Durango, Colorado, parent of The First National Bank of 

Durango, Durango, Colorado. 

Newspaper – 07/20/2001 

Fed Reg – 07/16/2001 
Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

BP Bank at Broadmoor, Colorado Springs, Colorado for prior 

approval to invest in bank premises. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Falcon International Bank, Laredo, TX, 

to purchase assets and assume liabilities of a branch from 

National Bank and Trust, La Grange, TX, and 

establish a branch office* 

N/Avail 

Branch Falcon International Bank, Laredo, TX, 

to establish a branch office at 

19230 Oak Parkway, San Antonio, TX, 78258* 

N/Avail 

*Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) JSA Family Limited Partnership, Jacksonville, TX, to acquire 

Austin Bancorp, Inc., Jacksonville, TX, 

TEB, Inc., Shreveport, LA, 

Austin Bank, Texas National Association, Jacksonville, TX, 

Capital Bancorp, Inc., Jacinto City, TX, 

JACI, Inc., Wilmington, DE, 

Capital Bank, Jacinto City, TX, 

Frankston Bancorp, Inc., Frankston, TX, 

FDB, Inc., Dover, DE, 

First State Bank, Frankston, TX, and 

First State Bank, Athens, TX* 

3(a)(1) Live Oak Financial Corp, Dallas, TX, to acquire 

Live Oak Delaware Financial Corp, Wilmington, DE, and 

Live Oak State Bank, Dallas, TX (de novo)* 

3(a)(1) Live Oak Delaware Financial Corp, Wilmington, DE, to acquire 

Live Oak State Bank, Dallas, TX (de novo)* 

Fed Reg – 07/27/2001 

Newspaper – 07/28/2001 

Fed Reg – 07/30/2001 

Newspaper – 07/22/2001 

Fed Reg – 07/30/2001 

Newspaper – 07/22/2001 

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

Ending date of 

Type Application comment period 

None 

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

Type Application 

Change General Falcon International Bank, Laredo, TX, for prior approval to 

Character engage in de novo trust activities 

Section V – Availability of CRA public evaluations 

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

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

1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995. 

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

evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

789257 Community Bank 04/09/2001 06/30/2001 S X 

20045 Katy Freeway 

Katy, Texas 77450-2238 

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, June 30, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) Centennial First Financial Services, Inc., Redlands, California, to Newspaper – 07/23/2001 

acquire Palomar Community Bank, Escondido, California.* Fed Reg – 07/26/2001 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Waiver Montecito Bank & Trust, Santa Barbara, California, requests a 

waiver of any BHC Act application requirement in connection 

with their proposed merger with Valley Oaks National Bank, 

Solvang, California. 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None