Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 21

Week Ending May 24, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 18, 2003 to May 24, 2003

Regulations And Policies

Economic Growth and Regulatory Paperwork Reduction Act of 1996 -- notice of 

interagency review of twelve categories of regulations and request for comment on three 

categories of regulations.

- Approved, May 20, 2003 

Host state lending ratios -- interagency release of the host state loan-to-deposit ratios 

used by the banking agencies to determine compliance with the Riegle-Neal Interstate 

Banking and Branching Efficiency Act.

- Published, May 22, 2003 

Retail Fees and Services of Depository Institutions -- annual report to the Congress.

- Approved, May 22, 2003 

Reserve Bank Services

Fedwire -- expanded operating hours for the on-line Fedwire Funds Service (Docket R1138).

- Approved, May 19, 2003 

Investment income on clearing balances -- proposal to modify the method for imputing 

priced-service income from clearing balance investments by broadening the portfolio of 

investment instruments.

- Approved, May 21, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
May 18, 2003 to May 24, 2003

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 10245 Kingston Pike, 

Knoxville, Tennessee.

- Approved, May 19, 2003 

Atlanta

Bay Bank, Theodore, Alabama -- to establish a branch at 5808 Highway 90 West, Suite 

F.

- Approved, May 22, 2003 

Atlanta

Citizens Community Bank, South Hill, Virginia -- to establish a branch at 581 Madison 

Street, Boydton.

- Approved, May 21, 2003 

Richmond

NBRS Financial, Rising Sun, Maryland -- to establish a branch at North East Station 

Shopping Center, U.S. Route 40, North East.

- Approved, May 22, 2003 

Richmond

Regions Bank, Birmingham, Alabama -- to establish a branch at 2994 South County 

Highway 395, Santa Rosa Beach, Florida.

- Approved, May 21, 2003 

Atlanta

Rockingham Heritage Bank, Harrisonburg, Virginia -- to establish a branch at 309 North 

Main Street, Bridgewater.

- Approved, May 19, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority May 18, 2003 to May 24, 2003

Bank Holding Companies

Bank of the San Juans Bancorporation, Durango, Colorado -- to become a bank holding 

company through the acquisition of Bank of the San Juans.

- Approved, May 21, 2003 

Kansas City

Citizens Bancshares, Inc., ESOP, Edmond, Oklahoma -- to acquire shares of Citizens 

Bancshares, Inc. and thereby acquire Citizens Bank of Edmond.

- Approved, May 19, 2003 

Kansas City

The Farmers State Bank of Fort Morgan Colorado, Fort Morgan, Colorado -- to 

acquire shares of F.S.B. Bancorporation of Fort Morgan and thereby acquire Farmers 

State Bank.

- Approved, May 20, 2003 

Kansas City

Pacific Financial Corporation, Aberdeen, Washington -- transfer agent registration.

- Approved, May 22, 2003 

Director, BS&R

Peotone Bancorp, Inc., Peotone, Illinois; and Founders Group, Worth -- to acquire 

shares of Bank of the San Juans Bancorporation, Durango, Colorado, and thereby 

acquire Bank of the San Juans.

- Approved, May 23, 2003 

Chicago

PNB Bancshares, Inc., Pekin, Illinois -- to become a bank holding company through the 

acquisition of Pekin National Bank.

- Approved, May 20, 2003 

Chicago

Pulaski Investment Corporation, Little Rock, Arkansas -- to acquire The Munford Union 

Bank, Munford, Tennessee.

- Approved, May 20, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority May 18, 2003 to May 24, 2003

Bank Holding Companies

Royal Palm Bancorp, Inc., Naples, Florida -- to become a bank holding company 

through the acquisition of The Royal Palm Bank of Florida.

- Approved, May 22, 2003 

Atlanta

Sleepy Hollow Bancorp, Inc., Sleepy Hollow, New York -- to become a bank holding 

company with respect to Sleepy Hollow Bank.

- Approved, May 19, 2003 

New York

Southern Community Bancshares, Inc., Fayetteville, Georgia -- transfer agent registration.

- Approved, May 22, 2003 

Director, BS&R

Triangle Financial Group, Inc., Loganville, Georgia -- to become a bank holding company 

through the acquisition of The Community Bank.

- Approved, May 21, 2003 

Atlanta

UCB Financial Group, Inc., Atlanta, Georgia -- to become a bank holding company 

through the acquisition of United Commercial Bank, a de novo bank.

- Approved, May 20, 2003 

Atlanta

Bank Mergers

First Midwest Bank, Itasca, Illinois -- to acquire the branch of The Northern Trust 

Company, Chicago, at 8501 West Higgins Road and establish a branch.

- Approved, May 23, 2003 

Secretary

Pulaski Bank and Trust Company, Little Rock, Arkansas -- to merge with The Munford 

Union Bank, Munford, Tennessee, and establish a branch.

- Approved, May 20, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority May 18, 2003 to May 24, 2003

Change In Bank Control

Pinnacle Financial Corporation, Elberton, Georgia -- change in bank control.

- Permitted, May 19, 2003 

Atlanta

Quality Bankshares, Inc., Fingal, North Dakota -- change in bank control.

- Permitted, May 19, 2003 

Minneapolis

Competitive Factors Reports

Cornerstone Interim National Bank, Carrollton, Illinois -- report on competitive factors of 

the proposed merger with Cornerstone Bank & Trust, National Association.

- Submitted, May 21, 2003 

St. Louis

Guaranty National Bank, Gainesville, Texas -- report on competitive factors of the 

proposed merger with First Bank & Trust, Ennis.

- Submitted, May 22, 2003 

Dallas

Inwood National Bank of Dallas, Dallas, Texas -- report on competitive factors of the 

proposed merger with Western Bank & Trust, Duncanville.

- Submitted, May 22, 2003 

Dallas

The Provident Bank, Jersey City, New Jersey -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of three branches of Sun 

National Bank, Vineland.

- Submitted, May 21, 2003 

New York

Timberwood Bank, Wabeno, Wisconsin -- report on competitive factors of the proposed 

merger with the Tomah branch of M&I Marshall & Ilsley Bank, Milwaukee.

- Submitted, May 19, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority May 18, 2003 to May 24, 2003

Extensions Of Time

Buford Banking Group, Inc., Buford, Georgia -- extension to August 18, 2003, to 

become a bank holding company through the acquisition of Lanier Community Bank, a de 

novo bank.

- Granted, May 19, 2003 

Atlanta

Citizens Bancorp, Grass Valley, California -- extension to August 20, 2003, to become a 

bank holding company through the acquisition of Citizens Bank of Nevada County, 

Nevada City.

- Granted, May 20, 2003 

San Francisco

Georgia Commerce Bancshares, Inc., Atlanta, Georgia -- extension to September 5, 

2003, to become a bank holding company through the acquisition of Georgia Commerce 

Bank, a de novo bank.

- Granted, May 20, 2003 

Atlanta

Financial Holding Companies

New Peoples Bankshares, Inc., Honaker, Virginia -- election to become a financial 

holding company.

- Effective, May 23, 2003 

Richmond

Membership

Local Oklahoma Bank, National Association, Oklahoma City, Oklahoma -- to become a 

member of the Federal Reserve System.

- Approved, May 21, 2003 

Kansas City

Regulations And Policies

Regulation C -- amendments to the official staff commentary to provide lenders with 

guidance on collecting and reporting information for certain home mortgage loans.

- Approved, May 23, 2003 

Director, C&CA

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority May 18, 2003 to May 24, 2003

Regulations And Policies

Regulation CC -- amendments to Appendix A to update the routing numbers used by 

Federal Reserve Banks and Federal Home Loan Banks in determining availability of 

funds for deposited checks.

- Approved, May 20, 2003 

Secretary

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Wesbanco Bank, Inc., Wheeling, West Virginia, notice to 

establish a branch at 1003 Trinity Circle, Washington, PA.

Newspaper - 05/21/2003

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

Type Application

Ending date of

comment period

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

acquire 100 percent of the voting shares of Columbia Savings 

Bank, Cincinnati, Ohio.

Newspaper - 06/09/2003 

Fed Reg- 06/02/2003

Section III – Applications subject to Fe deral Register notice only

Type Application

Ending date of

comment period

4(c)(8) Rurban Financial Corp., - Proposal to dissolve and liquidate 

RFC Banking Company, a subsidiary bank, and retain shell 

entity as a non bank subsidiary conducting lending and loan 

servicing activities.

Fed Reg- 06/10/2003

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch New Peoples Bank, Inc., Honaker, Virginia, to establish a 

branch on Main Street in Dungannan, Virginia.*

Newspaper – 06/02/2003

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

4(c)(8) FNB Corporation, Christiansburg, Virginia, to acquire 100% of 

the shares of Bedford Bancshares, Inc., Bedford, Virginia.

Fed Reg – 06/16/2003 

Newspaper – 06/16/2003

3(a)(1) Union Financial Bancshares, Inc., Union, South Carolina,to 

become a bank holding company through the acquisition of 

100% of the voting shares of Provident Community Bank, 

National Association (the proposed successor by charter 

conversion of Provident Community Bank), Union, South 

Carolina.*

Fed Reg – 06/20/2003 

Newspaper – 06/14/2003

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

684325 The Bank of Currituck

US Highway 168

Moyock, North Carolina 27958

01/27/2003 05/21/2003 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 2355 S. Ferdon Boulevard, Crestview, Florida, to be 

known as the Crestview Branch.*

Newspaper-06/06/2003

Branch Capital City Bank, Tallahassee, Florida, to establish a branch 

located at 14302 Spring Hill Drive, Spring Hill, Florida.*

Newspaper-06/01/2003

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

the intersection of Park & Stockton Streets, Jacksonville, 

Florida, to be known as the Brooklyn Riverside Office.*

Newspaper-06/03/2003

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

1610 E. Joppa Road, Baltimore, Maryland, to be known as the 

Loch Raven Office.*

Newspaper-06/03/2003

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) Carver Financial Corporation, Savannah, Georgia, to become a 

bank holding company by acquiring 100 percent of The Carver 

State Bank, Savannah, Georgia.*

Newspaper-06/21/2003

Fed Reg-N/Avail

CIC Decatur First Bank Group, Inc., Decatur, Georgia, after-the-fact 

notification file by Mary Bobbie Bailey, Atlanta, Georgia, to 

retain 2.1 percent of the outstanding shares of Decatur First 

Bank Group, Inc., and Decatur First Bank, both of Decatur, 

Georgia.

Newspaper-N/Avail 

Fed Reg-N/Avail

3(a)(3) Liberty Financial Services, Inc., New Orleans, Louisiana, to 

acquire 100 percent of the outstanding shares of First American 

Bank, Jackson, Mississippi.*

Newspaper: 06/11/2003

Fed Reg-06/16/2003

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

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

2939001 Century Bank of Florida

Post Office Box 17704

Tampa, Florida 33682

(813) 961-3300

01/27/2003 05/18/2003 S X

675332 SunTrust Bank

Post Office Box 4418

Atlanta, Georgia 30303

(404) 588-7711

10/21/2002 05/18/2003 O X
Section VI – CRA examinations scheduled for 3rd Quarter of 2003

Institution Location

First Georgia Community Bank Jackson, Georgia

Bank of York York, Alabama

Bank Independent Sheffield, Alabama

Pointe Bank Boca Raton, Florida

The Bank Warrior, Alabama

TransAtlantic Bank Miami, Florida

First Progressive Bank Brewton, Alabama

Regions Bank Birmingham, Alabama

First Western Bank Cooper City, Florida

Peoples Bank & Trust Company Selma, Alabama

Bank of Alabama Birmingham, Alabama

Capital City Bank Tallahassee, Florida

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

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

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

circumstances.
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) Blackhawk Bancorp, Inc., Beloit, Wisconsin, to acquire 100 

percent of the voting shares of DunC Corp., Rockford, Illinois, 

and thereby indirectly acquire First Bank, BC, Capron, Illinois.*

Fed Reg – 06/20/2003

Newspaper – N/Avail

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

to increase ownership from 9.97 percent to 10.21 percent of 

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

indirectly acquire control of National Bank of Commerce, 

Berkeley, Illinois.

Fed Reg – 04/28/2003

Newspaper – 05/20/2003

CIC Notice by John J. Reilly, Glencoe, Illinois, to purchase 169,642 

shares or 23.56 percent voting control of Hawthorn Corporation, 

Mundelein, Illinois, and thereby indirectly acquire Hawthorn 

Bank, Mundelein, Illinois.

Fed Reg – 06/05/2003

Newspaper – N/Avail

CIC Notice by Tim Lapke of Logan, Iowa; John Lapke of Logan, 

Iowa; and Chris Hartwig of Missouri Valley, Iowa, to gain 

control of Logan Bancorporation, Inc., Logan, Iowa, and thereby 

indirectly acquire First National Bank of Logan, Logan, Iowa. 

Fed Reg – 06/12/2003

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Northview Financial Corporation, Northfield, Illinois, proposes 

to acquire Northview Motgage, L.L.C., Northfield, Illinois from 

Northview Bank & Trust, Northfield, Illinois, and thereby to 

engage in extending credit and servicing loans.

Fed Reg – 06/12/2003
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Membership Old Second Bank-Kane County (formerly Kane County Bank), 

Elburn, Illinois, to become a member of the Federal Reserve 

System.

Membership The Yorkville National Bank, Yorkville, Illinois, to become a 

member of the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3A1 Business Bancshares, Inc., Clayton, Missouri, to become a bank 

holding company by acquiring 100 percent of The Business 

Bank of St. Louis, Clayton, Missouri.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Peoples Bank of Wisconsin, Hayward, Wisconsin, to establish a 

branch facility to be located at 13827 W County Road B, 

Hayward, Wisconsin.*

Newspaper - 06/15/2003

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) JDOB, Inc., Sandstone, Minnesota, to acquire 80% or more of 

the voting shares of First National Bank of Hinckley, Hinckley, 

Minnesota, a de novo bank.*

Fed Reg – 06/12/2003

Newspaper – N/Avail

3(a)(1) Maple Financial Holding Company, Champlin, Minnesota, to 

become a bank holding company by acquiring 100% of Maple 

Bank, Champlin, Minnesota, a de novo bank.*

Fed Reg – 06/16/2003

Newspaper – 05/29/2003

CIC John Finch Woodhead, Delano, Minnesota, as trustee of the 

Cobb Limited Partnership, St. Croix Falls, Wisconsin, to gain 

control of Financial Services of St. Croix Falls, Inc., St. Croix 

Falls, Wisconsin, and thereby indirectly gain control of Eagle 

Valley Bank, National Association, St. Croix Falls, Wisconsin.

Fed Reg – 06/12/2003

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

153054 Northwestern Bank

Chippewa Falls, Wisconsin

02/03/2003 05/20/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Steele Street State Bank Corporation, Denver, Colorado, to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of Steele Street State Bank, Denver, 

Colorado (in organization).

Newspaper - 04/07/2003

Fed Reg - 04/18/2003

3(a)(1) Weed Investment Group, Inc., Cheyenne Wells, Colorado, 

to become a bank holding company through the acquisition 

of 100 percent of the voting shares of Eastern Colorado 

Bank, Cheyenne Wells, Colorado. 

Newspaper - 06/09/2003

Fed Reg - 06/26/2003

CIC Notice by The Dittman Family Trust, Lincoln, Nebraska, to 

retain control of Cornhusker Growth Corporation, Lincoln, 

Nebraska, parent of Cornhusker Bank, Lincoln, Nebraska.

Newspaper - N/Available

Fed Reg - 06/16/2003

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) Eden Financial Corporation, San Angelo, TX, to acquire Laguna 

Bancshares, Inc., Big Lake, TX, Laguna Bancshares of 

Delaware, Inc., Dover, DE, and Big Lake Bank, National 

Association, Big Lake, TX* (previously reported the week 

ending May 17, 2003)

Fed Reg – 05/30/2003

Newspaper – 05/31/2003

3(a)(3) Inwood Bancshares, Inc., Dallas, TX, and Inwood Delaware, 

Inc., Dover, DE, to acquire WB&T Bancshares, Inc., 

Duncanville, TX, WB&T Delaware, Inc., Duncanville, TX, and 

Western Bank and Trust, Duncanville, TX* (previously reported 

the week ending May 17, 2003)

Fed Reg – 06/16/2003

Newspaper – 06/12/2003

CIC Marvin Sparks, Panhandle, TX, only notificant, to acquire an 

interest in Groom Bancshares, Inc., Groom, Texas

Fed Reg – 06/12/2003

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Registe r notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

259657 United Central Bank

4555 West Walnut

Garland, Texas 75042

02/03/2003 05/23/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 24, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

191663 County Bank

550 West Main Street

Merced, California 95340

(209) 725-2200

01/21/2003 05/13/2003 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None