Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 6

Week Ending February 10, 2001

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions February 4, 2001 to February 10, 2001

Testimony And Statements

Fiscal policy -- statement by Chairman Greenspan before the Senate Committee on the 

Budget on the outlook for the federal budget and implications for fiscal policy

- Published, January 25, 2001 (AC)

Bank Holding Companies

Prosperity Bancshares, Inc., Houston, Texas -- to merge with Commercial Bancshares 

Inc. and thereby acquire Heritage Bancshares, Inc., Wilmington, Delaware, and its 

subsidiary, Heritage Bank, Wharton, Texas.

- Approved, February 5, 2001 

UFJ Holdings, Inc., Osaka, Japan -- to become a bank holding company through the 

acquisition of Sanwa Bank California, San Francisco, California, the U.S. banking 

subsidiary of the Sanwa Bank, Limited, Osaka, Japan; and Tokai Bank of California, Los 

Angeles, California, the U.S. banking subsidiary of The Tokai Bank, Limited, Nagoya, 

Japan; and for UFJ to acquire the U.S. nonbanking subsidiaries of The Sanwa Bank and 

The Toyo Trust and Banking Company, Limited, Tokyo, and thereby engage in certain 

permissible nonbanking activities.

- Approved, February 5, 2001 

Banks, State Member

Allfirst Bank, Baltimore, Maryland -- to establish branches at Central Avenue and 

Campus Way South, Largo; and Broadcast Square Center, Broadcast Road and 

Papermill Road, Reading, Pennsylvania.

- Approved, February 5, 2001 

Board Operations

Division of Information Technology -- reorganization and staff actions, including 

appointment of Wayne Edmondson and Susan Marycz as Assistant Directors; promotion 

of Raymond Massey to Associate Director; assignment of Tillena Clark, Assistant 

Director, to a one-year rotational assignment in the Division of Reserve Bank Operations 

and Payment Systems.

- Approved, February 8, 2001 

Office of Board Members -- appointment of Michelle Smith as Assistant to the Board; 

and appointment of John Lopez as Special Assistant to the Board.

- Approved, February 8, 2001 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions February 4, 2001 to February 10, 2001

Forms

Forms -- extension with revision of the Weekly Report of Dealer Position (FR 2004A), 

Weekly Report of Cumulative Dealer Transaction (FR 2004B), Weekly Report of Dealer 

Financing and Fails (FR 2004C), and Weekly Report of Specific Issues (FR 2004SI); 

and extension without revision of the Daily Report of Dealer Activity in Treasury 

Financing (FR 2004WI).

- Approved, February 5, 2001 

Forms -- extension without revision of Reports of Money Market Mutual Fund Assets 

(FR 2051A and B)

- Approved, February 8, 2001 

Regulations And Policies

Operating Subsidiary -- comment to the Office of the Comptroller of the Currency on its 

proposed rule for operating subsidiaries of Federal branches and agencies..

- Approved, February 5, 2001 

Enforcement

New Century Bank, Southfield, Michigan -- written agreement dated December 21, 

2000, with the Federal Reserve Bank of Chicago and the Michigan Office of Financial 

and Insurance Services.

- Announced, January 31, 2001 (AC)

Valley Independent Bank, El Centro, California -- written agreement dated January 8, 

2001, with the Federal Reserve Bank of San Francisco.

- Announced, January 31, 2001 (AC)

(AC) = Addition or Correction Board - Page 2 of 2
February 4, 2001 to February 10, 2001

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulatio

Consumer and Community Affai

Federal Open Market Committ

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Managemen

H.2 Actions under delegated authority

Bank Branches, Domestic

Cache Valley Bank, Logan, Utah -- to establish a branch at 1710 North Main Street.

- Approved, February 8, 2001 

San Francisco

Comerica Bank, Detroit, Michigan -- to establish a branch at 1255 South Main Street, 

Chelsea.

- Approved, February 6, 2001 

Chicago

Community Banks of Colorado, Cripple Creek, Colorado -- to establish a branch at 101 

East Warren Avenue and move its main office to the branch at 5690 South DTC 

Boulevard, Greenwood Village.

- Approved, February 5, 2001 

Kansas City

Compass Bank, Birmingham, Alabama -- to establish a branch at 655 Broadway, 

Denver, Colorado.

- Approved, February 5, 2001 

Secretary

Fifth Third Bank, Naples, Florida -- to establish a branch at 999 Vanderbilt Beach Road.

- Approved, February 7, 2001 

Atlanta

First American Bank and Trust Company, Purcell, Oklahoma -- to establish a branch at 

2101 South Interstate 35 Frontage Road, Moore.

- Approved, February 7, 2001 

Kansas City

Five Points Bank of Grand Island, Grand Island, Nebraska -- to establish a branch at the 

Riverside Lodge, 404 Woodland Drive.

- Approved, February 9, 2001 

Kansas City

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority February 4, 2001 to February 10, 2001

Bank Branches, Domestic

Midwest BankCentre, St. Louis, Missouri -- to establish a limited-service branch at 4505 

Parker Road, Florissant.

- Approved, February 5, 2001 

St. Louis

Oak Valley Community Bank, Oakdale, California -- to establish a branch at 170 

Mountain Boulevard, Mammoth Lakes.

- Approved, February 7, 2001 

San Francisco

Bank Holding Companies

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

become a bank holding company through the acquisition of shares of Alpha Financial 

Group, Inc., Minonk, and thereby acquire Alpha Community Bank, Toluca; and to 

acquire Alpha Insurance Services, Inc., Washburn, and thereby engage in insurance 

agency activities.

- Approved, February 8, 2001 

Chicago

First Belmond Bancorporation, Belmond, Iowa -- to engage de novo in making and 

servicing loans.

- Approved, February 5, 2001 

Chicago

First Capital Bankshares, Inc., Peoria, Illinois -- to acquire shares of Community Bank of 

Lemont, Lemont, a de novo bank.

- Approved, February 8, 2001 

Chicago

Frandsen Financial Corporation, Forest Lake, Minnesota -- to acquire Oslo 

Bancorporation, Inc., Oslo.

- Approved, February 6, 2001 

Minneapolis

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority February 4, 2001 to February 10, 2001

Bank Holding Companies

Loomis Company, Loomis Nebraska -- to acquire The Landmands Insurance Agency, 

Kimballton, Iowa, and thereby engage in insurance activities in a town with a population 

of less than 5,000.

- Approved, February 5, 2001 

Kansas City

Midwest Community Bancshares, Inc., Marion, Illinois -- to acquire The Egyptian State 

Bank, Carrier Mills.

- Approved, February 6, 2001 

St. Louis

Northern Trust Corporation, Chicago, Illinois -- to acquire shares of myCFO, Inc., 

Mountain View, California, a financial and investment advisory firm.

- Approved, February 8, 2001 

Chicago

Northwest Suburban Bancorp, Inc., Mount Prospect, Illinois -- to continue to engage in 

purchasing loan participations from its subsidiary banks.

- Approved, February 5, 2001 

Chicago

Park National Corporation, Newark, Ohio -- to acquire Security Banc Corporation, 

Springfield, and its subsidiaries, The Security National Bank and Trust Company, 

Springfield; The Citizens National Bank of Urbana, Urbana; and Third Savings and Loan 

Company, Piqua.

- Approved, February 8, 2001 

Cleveland

PremierWest Bancorp, Medford, Oregon -- waiver of application in connection with the 

proposed merger of its subsidiary, PremierWest Bank with Timberline Community Bank, 

Yreka, California, a subsidiary Timberline Bancshares, Inc. 

- Granted, February 9, 2001 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority February 4, 2001 to February 10, 2001

Bank Holding Companies

Regions Financial Corporation, Birmingham, Alabama -- to merge with Morgan Keegan 

Inc., Memphis, Tennessee, and thereby acquire Morgan Keegan Trust Company FSB 

and engage in operating a savings association.

- Approved, February 8, 2001 

Atlanta

Summit Bank Corporation, Atlanta, Georgia -- to acquire shares of Global Commerce 

Bank, Doraville.

- Approved, February 8, 2001 

Atlanta

Urban Financial Group, Inc., Bridgeport, Connecticut -- to become a bank holding 

company through the acquisition of The Community's Bank.

- Approved, February 8, 2001 

New York

Change In Bank Control

Central Valley Community Bancorp, Clovis, California -- change in bank control.

- Permitted, February 8, 2001 

San Francisco

Warwick Community Bancorp, Inc., Warwick, New York -- change in bank control.

- Permitted, February 8, 2001 

New York

Competitive Factors Reports

AAL Trust Company, FSB, Appleton, Wisconsin -- report on competitive factors of the 

proposed purchase of assets of AAL Credit Union and AAL Member Credit Union.

- Submitted, February 8, 2001 

Chicago

American Express Centurion Bank, Midvale, Utah -- report on competitive factors of the 

proposed purchase of credit card receivables from Bank of Hawaii Credit Card, National 

Association, Phoenix, Arizona.

- Submitted, February 9, 2001 

San Francisco

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority February 4, 2001 to February 10, 2001

Competitive Factors Reports

Bank of St. Augustine, St. Augustine, Florida -- report on competitive factors of the 

proposed merger with St. Augustine Interim Savings Bank.

- Submitted, February 5, 2001 

Atlanta

Bank of the Sierra, Porterville, California -- report on competitive factors of the proposed 

merger with Sierra Merger Corporation, Dover, Delaware.

- Submitted, February 8, 2001 

San Francisco

Bank One, Wisconsin, Milwaukee, Wisconsin -- report on competitive factors of the 

proposed merger with the Wisconsin branches of American National Bank and Trust 

Company of Chicago, Chicago, Illinois.

- Submitted, February 8, 2001 

Chicago

Comerica Bank & Trust, National Association, Ann Arbor, Michigan -- report on 

competitive factors of the proposed merger with Comerica Bank, National Association, 

Toledo, Ohio.

- Submitted, February 8, 2001 

Chicago

F & M Bank, Watertown, South Dakota -- report on competitive factors of the 

proposed merger with Founders Trust National Bank, Sioux Falls.

- Submitted, February 8, 2001 

Minneapolis

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

merger with Texas Bank, S.S.B., Buffalo.

- Submitted, February 9, 2001 

Dallas

First Tennessee Bank, N.A., Memphis, Tennessee -- report on competitive factors of the 

proposed merger with Cleveland Bank & Trust Company, Cleveland.

- Submitted, February 7, 2001 

Secretary

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority February 4, 2001 to February 10, 2001

Competitive Factors Reports

Mizuho Trust & Banking Co. (USA), New York, New York -- report on competitive 

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

related to the U.S. custody business of The Fuji Bank and Trust Company.

- Submitted, February 8, 2001 

New York

Peoples State Bank, Ellettsville, Indiana -- report on competitive factors of the proposed 

purchase of assets and assumption of liabilities of the Nashville, Indiana, branch of 

Huntington National Bank, Columbus, Ohio.

- Submitted, February 8, 2001 

Chicago

Security State Bank of Beardsley, Beardsley, Minnesota -- report on competitive factors 

of the proposed merger with Buffalo Ridge State Bank of Ruthton, Inc., Ruthton.

- Submitted, February 7, 2001 

Minneapolis

Wells Fargo Bank Iowa, National Association, Des Moines, Iowa -- report on 

competitive factors of the proposed merger with Brenton Bank, Des Moines, and 

Brenton Savings Bank, FSB, Ames.

- Submitted, February 8, 2001 

Chicago

Extensions Of Time

First Community Capital Corporation, Houston, Texas -- extension to May 17, 2001, to 

become a bank holding company through the acquisition of First Community Capital 

Corporation of Delaware, Inc., Wilmington, Delaware, and First Community Bank, N.A., 

Houston, Texas; and for First Community Capital Corporation of Delaware, Inc. to 

become a bank holding company through the acquisition of First Community Bank, N.A.

- Granted, February 8, 2001 

Dallas

FNB Corporation, Christiansburg, Virginia -- extension to May 10, 2001, to acquire 

Southwest Virginia Bancshares, Inc., Roanoke.

- Granted, February 9, 2001 

Richmond

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority February 4, 2001 to February 10, 2001

Extensions Of Time

Iowa State Bank Holding Company, Des Moines, Iowa -- extension to May 15, 2001, 

to engage de novo through its subsidiary, Capitol Partners, L.C., in community 

development activities.

- Granted, February 7, 2001 

Chicago

Islands Bancorp, Beaufort, South Carolina -- extension to May 11, 2001, to become a 

bank holding company through the acquisition of Islands Community Bank, N.A., a de 

novo bank.

- Granted, February 7, 2001 

Richmond

Membership

The Union Bank of Benton, Benton, Arkansas -- to become a member of the Federal 

Reserve System.

- Withdrawn, February 7, 2001 

St. Louis

(AC) = Addition or Correction Delegated - Page 7 of 7
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, February 10, 2001

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, February 10, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Adirondack Trust Company, The, Saratoga Springs, New York,

to establish a branch at 24 Maple Street, Glens Falls, New

York.*

Newspaper – 02/12/2001

Branch Orange County Trust Company, Middletown, New York, to

establish a branch at Big V Town Centre, Route 32, Vails Gate,

New York.*

Newspaper – 02/16/2001

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for First Quarter of 2001

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, February 10, 2001

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 Second Quarter of 2001

Institution Location

Laurel Bank Johnstown, PA

US Bank Johnstown, PA

First Heritage Bank Wilkes-Barre, PA

East Penn Bank Emmaus, PA

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, February 10, 2001

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, February 10, 2001

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) and 4(c)(8) BB&T Corporation, Winston-Salem, North Carolina, to acquire

Century South Banks, Inc., Alpharetta, Georgia.*

Fed Reg - 03/08/2001

Newspaper - 03/05/2001

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of 2001

Institution Location

CommerceFirst Bank Annapolis, Maryland

The Forest Hill State Bank Bel Air, Maryland

F&M Bank-Central Virginia Charlottesville, Virginia

Virginia Bank and Trust Company Danville, Virginia

Capital One Bank Glen Allen, Virginia

Bank of Northumberland, Incorporated Heathsville, Virginia

The Bank of Marion Marion, Virginia

Hanover Bank Mechanicsville

Heritage Bank & Trust Norfolk, Virginia

Consolidate Bank and Trust Company Richmond, Virginia

F&M Bank-Winchester Winchester, Virginia

F&M Bank-West Virginia Ranson, West Virginia

Bank of Monroe Union, West Virginia

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, February 10, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

15 Pine Cone Drive, Palm Coast, Florida, to be known as the

Palm Coast West Office.

02/13/2001*

*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)(3) ABC Bancorp, Moultrie, Georgia, to acquire Tri-County Bank,

Trenton, Florida.

N/Avail*

3(a)(3) WB&T Bankshares, Inc., Waycross, Georgia, to acquire

Guardian Bank, Valdosta, Georgia (in organization).

Fed Reg – 02/26/2001*

CIC Citizens Holding Company, Philadelphia, Mississippi, After-thefact notification by Mr. David Allan King, Ms. Ernestine Ritter

King, Mr. David Anderson King and Ms. Susan Morrison King

all of Philadelphia, Mississippi; Mr. Herbert Allan King and Ms.

Nancy Higdon King of Starkville, Mississippi; and Mr. James

Howard Briscoe and Ms. Carolyn King Briscoe of Jackson,

Mississippi, to retain 16.78 percent of the outstanding shares of

Citizens Holding Company, and its subsidiary, The Citizens

Bank of Philadelphia, both of Philadelphia, Mississippi.

Fed Reg – 03/02/2001

*Subject to provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

COM Coast Community Bancshares, Inc., Biloxi, Mississippi,

commitment waiver request.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, February 10, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First American Bank, Carpentersville, Illinois, for prior approval

to establish a branch at the southeast corner of Meacham and

Biesterfield Roads, Elk Grove Village, Illinois.*

Newspaper – 02/06/2001

18c & Branch M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior

approval to merge with M&I Bank of LaCrosse, LaCrosse; M&I

Bank South Central, Watertown; M&I Bank South, Janesville;

M&I Bank of Mayville, Mayville; M&I Community State

Bank,Eau Claire; M&I Bank of Southern Wisconsin,

Madison; all of Wisconsin and M&I Thunderbird Bank,

Phoenix, Arizona; and thereby establish 74 branches.*

Newspaper – 02/24/2001

18c & Branch Security State Bank, New Hampton, Iowa, for prior approval to

merge with Security State Bank, Calmar, Iowa and thereby

establish a branch at 102 W. Main, Calmar, Iowa, and 106 E.

Main, Ossian, Iowa.*

Newspaper – 02/12/2001

* 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) Admiral Family Banks, Inc., Alsip, Illinois, for prior approval to

acquire 100 percent of the voting shares of Federated Bancorp,

Inc., Onarga, Illinois and thereby indirectly acquire Federated

Bank, Onarga, Illinois.*

Fed Reg – 02/08/2001

Newspaper – 02/02/2001

3(a)(1) American Bancorporation, Cedar Falls, Iowa, for prior approval

to become a bank holding company through the acquisition of

100 percent of The Newburg Corporation, Saint Ansgar, Iowa,

and thereby indirectly acquire Cedar Valley State Bank, Saint

Ansgar, Iowa.*

Fed Reg – 02/09/2001

Newspaper – 02/02/2001

3(a)(5) AmericaUnited Bancorp, Inc., Schaumburg, Illinois, for prior

approval to acquire 100 percent of the voting shares of National

Bancorp, Inc., Sycamore, Illinois and thereby indirectly acquire

American National Bank of DeKalb County, Sycamore,

Illinois.*

Fed Reg – 03/09/2001

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

Type Application

Ending date of

comment period

3(a)(3) Ames National Corporation, Ames, Iowa, for prior approval to

retain its current 5.39 percent investment in and acquire up to 10

percent of Mahaska Investment Company, Oskaloosa, Iowa and

thereby indirectly acquire Mahaska State Bank, Oskaloosa, Iowa

and Pella State Bank, Pella, Iowa,*

Fed Reg – 02/05/2001

Newspaper – 12/31/2000

4(c)(8) Ames National Corporation, Ames, Iowa, for permission to

retain its current 5.39 percent investment in Mahaska Investment

Company, Oskaloosa, Iowa, and thereby indirectly acquire

Midwest Federal Savings and Loan Association of Eastern Iowa,

Burlington, Iowa, and Central Valley Bank, Ottumwa, Iowa.*

Fed Reg – 02/05/2001

Newspaper – N/Avail

3(a)(1) BSB Community Bancorporation, Inc., Benton, Wisconsin, for

prior approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Benton State

Bank, Benton, Wisconsin.*

Fed Reg – 02/26/2001

Newspaper – N/Avail

CIC Notification by Mary Garst and Tom Chrystal of a Change in

Control, for their ownership to increase from 23.2258% to

27.0677% following Community Grain Co.'s redemption of 44

shares of its common stock.

Fed Reg – 02/08/2001

Newspaper – 02/07/2001

3(a)(1) First BancTrust Corporation, Paris, Illinois, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of First Bank & Trust, S.B., Paris,

Illinois.*

Fed Reg – 01/22/2001

Newspaper – 02/12/2001

3(a)(3) First Capital Bankshares, Incorporated, Peoria, Illinois, for prior

approval to acquire 20 percent of the voting shares of

Community Bank of Lemont (in organization), Lemont,

Illinois.*

Fed Reg – 01/05/2001

Newspaper – 02/04/2001

CIC Notification by Frank D. Neese of a Change in Control, to

retain control of First Community Bancshares, Inc., Bargersville,

Indiana.

Fed Reg – 02/05/2001

Newspaper – N/Avail

CIC Notification by Harry Pike Schaller of a Change in Control, that

his ownership in FNC, Inc., Storm Lake, Iowa, increased from

20.8% to 39.8% as of December 31, 2000.

Fed Reg – 03/02/2001

Newspaper – N/Avail

3(a)(3) Ida Grove Bancshares, Inc., Ida Grove, Iowa, proposes to

acquire at least 80.1% and up to 100% of Alliance Bancshares,

Inc., Rockwell City, Iowa, and thereby indirectly acquire

Alliance Bank, Rockwell City, Iowa.*

Fed Reg – 03/12/2001

Newspaper – N/Avail

3(a)(3) United Bancorp, Inc., Tecumseh, Michigan, for prior approval to

acquire 100 percent of the voting shares of United Bank &

Trust-Washtenaw (in organization), Ann Arbor, Michigan.*

Fed Reg – 03/02/2001

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) AmericaUnited Bancorp, Inc., Schaumburg, Illinois, notification

of intent to retain and continue to engage in the activity of

extending credit and servicing loans.

Fed Reg – 02/20/2001

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 Second Quarter of 2001

Institution Location

Farmers State Bank of Western Illinois New Windsor, Illinois

Lakeland Community Bank Round Lake Heights, Illinois

UnionBank Streator, Illinois

Salin Bank and Trust Company Indianapolis, Indiana

1

st Source Bank South Bend, Indiana

Quad City Bank and Trust Company Bettendorf, Iowa

Security Savings Bank Gowrie, Iowa

Cedar Valley State Bank Saint Ansgar, Iowa

Titonka Savings Bank Titonka, Iowa

Comerica Bank Detroit, Michigan

New Century Bank Southfield, Michigan

First Banking Center Burlington, Wisconsin

Baylake Bank Sturgeon Bay, Wisconsin

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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, February 10, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice by Fifth Third Kentucky, Inc., Louisville, Kentucky, to

establish a branch at 9900 Ormsby Station Road, Louisville,

Kentucky.*

Newspaper – 2/8/2001

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of

Institution Location

Eagle Bank and Trust Company Little Rock, Arkansas

Pulaski Bank and Trust company Little Rock, Arkansas

Arvest Bank Rogers, Arkansas

The State Bank of Lima Lima, Illinois

First State Bank of Red Bud Red Bud, Illinois

Union Bank of Illinois Swansea, Illinois

Bay-Hermann-Berger Bank Hermann, Missouri

Truman Bank St. Louis, Missouri

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

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

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

circumstances.
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, February 10, 2001

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) Native American Bancorporation Co., Denver, Colorado,

proposes to acquire 100% of the voting shares of Blackfeet

National Bank, Browning, Montana.*

Newspaper (Revised)–

03/10/2001

Fed Reg – 03/08/2001

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of 2001

Institution Location

Pioneer Bank Mapleton, Minnesota

Victoria State Bank Victoria, Minnesota

Welcome State Bank Welcome, Minnesota

Farmers State Bank of West Concord West Concord, Minnesota

Citizens Bank & Trust Company Big Timber, Montana

Dacotah Bank Rolla, North Dakota

First PREMIER Bank Sioux Falls, South Dakota

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.

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. JoAnne Lewellen at the

Federal Reserve Bank of Minneapolis, Banking Supervision Department. P. O. Box 291, Minneapolis, Minnesota

55480-0291.
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, February 10, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Sylvan State Bank, Sylvan Grove, Kansas, for prior approval to

establish a branch at 917 NE Woods Chapel Road, Lee’s

Summit, Missouri.

Newspaper – 03/16/2001

18(c) Sylvan State Bank, Sylvan Grove, Kansas, for prior approval to

merge with Boonslick Bank, Boonville, Missouri.

Newspaper – N/A

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

Type Application

Ending date of

comment period

3(a)(3) Astra Financial Corporation, Prairie Village, Kansas, for prior

approval to acquire up to 17.43 percent of the voting shares of

First Missouri Bancshares, Inc., Brookfield, Missouri, and

thereby indirectly acquire First Missouri National Bank,

Brookfield, Missouri.

Newspaper – 02/23/2001

Fed Reg – N/A

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Winter Trust of 12/03/74, Ottawa, Kansas and Peoples, Inc.,

Colorado Springs, Colorado, for prior approval to acquire 100

percent of the voting shares of Peoples Mortgage Corporation,

Colorado Springs, Colorado, thereby to engage in mortgage

lending.

Fed Reg – N/A

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, February 10, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Bank of Commerce, McLean, TX, to establish a branch office at

800 South Monroe Street, Amarillo, TX, 79101*

02/17/2001

*Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of 2001

Institution Location

Tradition Bank

468954

12300 Bellaire Boulevard

Houston, Texas 77072-2299

Community Bank

789257

20045 Katy Freeway

Katy, Texas 77450-2238

Legacy Bank of Texas

637451

1105 West 15th Street and Alma Road

Plano, Texas 75075-7247

Texas State Bank

1017658

3900 North 10th Street

McAllen, Texas 78501-1719

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, February 10, 2001

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) Centennial First Financial Services, Inc., Redlands, California,

to acquire Palomar Community Bank, Escondido, California.*

Newspaper – N/Avail

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of 2001

Institution Location

Bank of Utah Ogden, UT

Desert Community Bank Victorville, CA

First Utah Bank Salt Lake City, UT

Heritage Bank of Commerce San Jose, CA

Heritage Bank South Valley Morgan Hill, CA

Oak Valley Community Bank Oakdale, CA

Placer Sierra Bank Auburn, CA

Silicon Valley Bank Santa Clara, CA

Solano Bank Vacaville, CA

Utah Independent Bank Salina, UT

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.