Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 22 

Week Ending June 1, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551
 
H.2 Board Actions May 26, 2002 to June 1, 2002 

Bank Branches, Domestic 

JPMorgan Chase Bank, New York, New York -- to establish a branch at Newport 

Center, 575 Washington Boulevard, Jersey City, New Jersey. 

- Approved, May 29, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority May 26, 2002 to June 1, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems
 

International Finance
 

Office of Staff Director for Management
 

Bank Branches, Domestic 

San Francisco 

Bank of Ephraim, Ephraim, Utah -- to establish a branch at 1095 South Highway 89, Mt. 

Pleasant. 

- Approved, May 30, 2002 

St. Louis 

The Farmers & Merchants Bank, Stuttgart, Arkansas -- to establish a branch at 1950 

Whitehead Drive, De Witt. 

- Approved, May 30, 2002 

St. Louis 

Fifth Third Bank, Kentucky, Inc., Louisville, Kentucky -- to establish a branch at 100 

Lawson Drive, Georgetown. 

- Approved, May 30, 2002 

Richmond 

First Capital Bank, Glen Allen, Virginia -- to establish a branch at 1580 Koger Center 

Boulevard, Richmond. 

- Approved, May 30, 2002 

Richmond 

James Monroe Bank, Arlington, Virginia -- to establish a drive-in branch at 10 West 

Market Street, Leesburg. 

- Approved, May 28, 2002 

New York 

JPMorgan Chase Bank, New York, New York -- to establish branches at 2551 

Broadway and 12 East 86th Street. 

- Approved, May 30, 2002 

Atlanta 

Regions Bank, Birmingham, Alabama -- to establish a branch at 2009 Prince Avenue, 

Athens, Georgia. 

- Approved, May 30, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority May 26, 2002 to June 1, 2002 

Bank Branches, Domestic 

Richmond 

Resource Bank, Virginia Beach, Virginia -- to establish a branch at 1616 Laskin Road. 

- Approved, May 31, 2002 

Bank Holding Companies 

Richmond 

Access National Corporation, Chantilly, Virginia -- to become a bank holding company 

through the acquisition of Access National Bank. 

- Approved, May 31, 2002 

Atlanta 

Black Diamond Financial Group, Inc., Tampa, Florida -- to engage de novo in investment 

advisory activities through Black Diamond Wealth Management, Inc. 

- Approved, May 30, 2002 

Richmond 

Carolina National Corporation, Columbia, South Carolina -- to become a bank holding 

company through the acquisition of Carolina National Bank and Trust Company, a de 

novo bank. 

- Approved, May 31, 2002 

Atlanta 

Chestatee Bancshares, Inc., Dawsonville, Georgia -- to engage in financial planning and 

product sales through Chestatee Financial Services, Inc. and in mortgage loan origination 

through Chestatee Residential Mortgage, Inc. 

- Withdrawn, May 29, 2002 

St. Louis 

Citizens Cumberland Bancshares, Inc., Burkesville, Kentucky -- to become a bank 

holding company through the acquisition of Citizens Bank of Cumberland County, Inc. 

- Approved, May 31, 2002 

Kansas City 

The Farmers State Bank of Fort Morgan Colorado Employee Stock Ownership Plan, 

Fort Morgan, Colorado -- to acquire shares of FSB Bancorporation, Inc. 

- Approved, May 31, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority May 26, 2002 to June 1, 2002 

Bank Holding Companies 

Kansas City 

First Capital Investments, LLC, Lee's Summit, Missouri -- to acquire shares of 1st 

Financial Bancshares, Inc., Overland Park, Kansas. 

- Approved, May 30, 2002 

Atlanta 

Florida Community Banks, Inc., Immokalee, Florida -- commitment waiver request. 

- Withdrawn, May 28, 2002 

Kansas City 

J.R. Montgomery Bancorporation, Lawton, Oklahoma -- to acquire additional shares of 

Fort Sill National Bank, Fort Sill. 

- Approved, May 30, 2002 

St. Louis 

Midwest Bankers' Bancorporation, Inc., Jefferson City, Missouri -- to acquire Nebraska 

Bankers' Bank, National Association, Lincoln, Nebraska. 

- Approved, May 30, 2002 

New York 

R&G Financial Corporation, San Juan, Puerto Rico -- to acquire The Crown Group, 

Inc., Casselberry, Florida, and Crown Bank, a federal savings bank. 

- Approved, May 28, 2002 

Bank Mergers 

Philadelphia 

Equity Bank, Marlton, New Jersey -- to merge with Founders Bank, Bryn Mawr, 

Pennsylvania, and thereby establish branches. 

- Approved, May 28, 2002 

Kansas City 

The Union State Bank, Arkansas City, Kansas -- to purchase certain assets and assume 

certain liabilities of the Arkansas City branch of State Bank of Winfield, Winfield. 

- Approved, May 30, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority May 26, 2002 to June 1, 2002 

Banks, Foreign 

Director, BS&R 

Natexis Banques Populaires, Paris, France -- waiver of remainder of notification period 

to establish a representative office in Miami, Florida. 

- Granted, May 30, 2002 

Change In Bank Control 

Chicago 

First Schaumburg Bancorporation, Inc., Schaumburg, Illinois -- change in bank control. 

- Permitted, May 31, 2002 

Competitive Factors Reports 

New York 

Bank Leumi USA, New York, New York -- report on competitive factors of the 

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

agency of Bank Leumi le-Israel, Tel Aviv, Israel. 

- Submitted, May 29, 2002 

Kansas City 

Bank of Lovell, National Association, Lovell, Wyoming -- report on competitive factors 

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

Greybull branch of First Interstate Bank, Billings, Montana. 

- Submitted, May 28, 2002 

St. Louis 

Banterra Bank, Marion, Illinois -- report on competitive factors of the proposed merger 

with Fifth Third Bank, Indiana, Indianapolis, Indiana. 

- Submitted, May 29, 2002 

New York 

Beacon Federal, East Syracuse, New York -- report on competitive factors of the 

proposed merger with Salt City Interim Federal Savings Association, Syracuse. 

- Submitted, May 29, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority May 26, 2002 to June 1, 2002 

Competitive Factors Reports 

St. Louis 

EFS National Bank, Memphis, Tennessee -- report on competitive factors of the 

proposed merger with EFS Federal Savings Bank, Cordova. 

- Submitted, May 28, 2002 

Kansas City 

First Bank of Missouri, Gladstone, Missouri -- report on competitive factors of the 

proposed merger with Security Bank of Kansas City, Kansas City. 

- Submitted, May 28, 2002 

St. Louis 

The First National Bank of De Witt, De Witt, Arkansas -- report on competitive factors 

of the proposed purchase of assets and assumption of liabilities of Bank of Lockesburg, 

Lockesburg. 

- Submitted, May 29, 2002 

St. Louis 

The First National Bank of Vandalia, Vandalia, Illinois -- report on competitive factors of 

the proposed purchase of assets and assumption of liabilities of the Vandalia branch of 

Fifth Third Bank, Indiana, Indianapolis, Indiana. 

- Submitted, May 29, 2002 

Kansas City 

First State Bank and Trust, Tonganoxie, Kansas -- report on competitive factors of the 

proposed merger with The Bank of Perry, Perry. 

- Submitted, May 31, 2002 

New York 

FirstBank Puerto Rico, San Juan, Puerto Rico -- report on competitive factors of the 

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

Chase Bank, New York, New York. 

- Submitted, May 29, 2002 

Dallas 

Prosperity Bank, El Campo, Texas -- report on competitive factors of the proposed 

merger with The First State Bank, Needville. 

- Submitted, May 31, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority May 26, 2002 to June 1, 2002 

Competitive Factors Reports 

Kansas City 

Security Bank of Kansas City, Kansas City, Kansas -- report on competitive factors of 

the proposed merger with Guaranty Bank & Trust Company. 

- Submitted, May 31, 2002 

Atlanta 

Southern Community Bank of South Florida, Boca Raton, Florida -- report on 

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

liabilities of a Boca Raton branch of Southern Community Bank, Orlando. 

- Submitted, May 29, 2002 

Minneapolis 

TCF National Bank, Minneapolis, Minnesota -- report on competitive factors of the 

proposed merger with TCF National Bank Colorado, Englewood, Colorado. 

- Submitted, May 31, 2002 

Dallas 

Texas Bank, Brownwood, Texas -- report on competitive factors of the proposed 

acquisition of the Bangs branch of State National Bank of West Texas, Lubbock. 

- Submitted, May 30, 2002 

Financial Holding Companies 

Atlanta 

Citrus & Chemical Bancorporation, Inc., Bartow, Florida -- election to become a 

financial holding company. 

- Effective, May 30, 2002 

International Operations 

Director, BS&R 

Citibank Overseas Investment Corporation, New Castle, Delaware -- waiver of 

remainder of notification period to invest through its subsidiary, Yonder Investment 

Corporation, in Solvay Finance (Jersey) Limited, St. Helier, Jersey. 

- Granted, May 31, 2002 

(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, June 1, 2002 

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 dep ository 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 reg ulation 

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 1, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch HSBC Bank USA, Buffalo, New York, to establish a branch 

office at 101 N. Federal Highway, Boca Raton, Florida. 

06/12/2002
 

Branch	 Banco Popular North America, New York, New York, to 

establish a branch office at 5504 Bergenline Avenue, West New 

York, New Jersey. 

06/10/2002
 

Branch	 JP Morgan Chase Bank, New York, New York, to establish a 

branch office at 3 Times Square, New York, New York. 

06/21/2002
 

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

Ending date of 

Type Application comment period 

4C8	 Citigroup Inc., New York, New York, to acquire all of the 06/30/2002 

common stock of California Federal Bank (Cal Fed), a federal 

savings bank, through the acquisition of the stock of Cal Fed’s 

ultimate parent, Golden State Bancorp Inc., a savings and loan 

holding company; and to acquire Citibank (West) FSB, a to-be -

formed federal savings association. 

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 Third Quarter of 2002 

Institution Location 

None 
District 3
 

Federal Reserve Bank of Philadelphia
 

Applications and notifications filed during the week ending Saturday, June 1, 2002 

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 1, 2002 

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 dep ository institutions to help meet the credit needs of 

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

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

in May 1995. 

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

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

facilities. 

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

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

CRA: 

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 1, 2002 

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 

Member	 NBRS Financial, Rising Sun, Maryland (successor by 

conversion to The National Bank of Rising Sun, Rising Sun, 

Maryland), for membership in the Federal Reserve System. 

3(a)(1)	 High Country Financial Corporation, Boone, North Carolina, to 

become a bank holding company through the acquisition of 

100% of the voting shares of High Country Bank, Boone, North 

Carolina. 
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 foll owing 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 av ailable. 

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 1, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch	 Flagler Bank, West Palm Beach, Florida, to establish a branch 05/30/2002* 

located at 3650 North Federal Highway, Suite E, Lighthouse 

Point, Florida, to be known as the Lighthouse Point Office. 

*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 

3(a)(3)	 Southern Community Bancorp, Inc., Orlando, Florida, to acquire Fed Reg – 07/01/2002* 

Southern Community Bank of South Florida, Boca Raton, 

Florida (in organization). 

*Subject to 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 7
 

Federal Reserve Bank of Chicago
 

Applications and notifications filed during the week ending Saturday, June 1, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch	 First Fa rmers Bank and Trust Company, Converse, Indiana, to Newspaper – N/Avail 

establish a branch facility to be located at 2040 S. Reed Road, 

Kokomo, Indiana.* 

* 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 

CC	 Notice by the Friday Family (Beth Gore Friday, Mesa, Arizona; 

Allen Gore Friday, Atlantic, Iowa; Arthur Randall Friday, 

Houston, Texas; and Nola Kathleen Friday, Dallas, Texas) to 

retain control of Anita Bancorporation, Atlantic, Iowa and 

thereby to retain Rolling Hills Bank and Trust, Atlantic, Iowa. 

CC	 Notice by Kenneth A. and Diane M. Hendricks to acquire 

greater than 10 percent of the outstanding shares of Blackhawk 

Bancorp, Inc., Beloit, Wisconsin, and thereby indirectly acquire 

Blackhawk State Bank, Beloit, Wisconsin. 

3(a)(1)	 Cincinnati BancGroup, Inc., Mason, Ohio, to be come a bank 

holding company by acquiring 100 percent of Bank of Kenney, 

Kenney, Illinois.* 

CC	 Notice by David Lee Gross to acquire greater than 10 percent of 

the outstanding shares of First Beardstown Bancorp, Inc., 

Beardstown, Illinois and thereby indirectly acquire First State 

Bank of Beardstown, Beardstown, Illinois. 

3(a)(1) Franklin Bancorp, Inc., Southfield, Michigan, to become a bank 

holding company by acquiring 100 percent of Franklin Bank, 

N.A., Southfield, Michigan.* 

Fed Reg – 05/14/2002 

Newspaper – N/Avail 

Fed Reg – 06/05/2002 

Newspaper – N/Avail 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 05/15/2002 

Newspaper – N/Avail 

Fed Reg – 06/07/2002 

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

CC	 Notice by Gary F. Pribyl, Cedar Rapids, Iowa, of a Change in Fed Reg – 05/22/2002 

Control, to acquire 26.82 percent of Herky Hawk Financial Newspaper – N/Avail 

Corp., Monticello, Iowa, as independent trustee of an 

irrevocable voting trust, and thereby indirectly acquire Citizens 

State Bank, Monticello, Iowa. 

3(a)(1)	 Orchid Financ ial Bancorp, Inc., St. Charles, Illinois, to become a Fed Reg – 06/24/2002 

bank holding company by acquiring 100 percent of American Newspaper – N/Avail 

Eagle Bank (in organization), South Elgin, Illinois.* 

* Subject to the provisions of the Community Rei nvestment 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 publi c 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 

489641	 Markesan State Bank 

84 North Bridge Street 

Markesan, Wisconsin 53946 

(920) 398-2358 

01/10/2002 05/29/2002 S X
 

596848	 American Trust & Savings Bank 

895 Main Street 

Dubuque, Iowa 52001 

(319) 582-1841 

07/23/2001 05/29/2002 S X
 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8
 

Federal Reserve Bank of St. Louis
 

Applications and notifications filed during the week ending Saturday, June 1, 2002 

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 

Type Application 

CIC	 Notice by The New Washington State Bank Employee 

Stock Ownership Plan, New Washington, Indiana 

("ESOP"), to acquire up to 24.00 percent of New 

Independent Bancshares, Inc., New Washington, Indiana. 

The stock of New Independent Bancshares, Inc., is voted 

by Scott Walters in his capacity as trust officer for the 

Monroe County Bank, Bloomington, Indiana, in 

conjunction with the ESOP committee consisting of Scott 

R. Benner, Jeffersonville, Indiana; Brenda G. Bridges, 

Sellersburg, Indiana; Betty A. Carver, Henryville, Indiana; 

Rhonda K. Clapp, Memphis, Indiana; Patrick J. Glotzbach, 

New Albany, Indiana; Cathy L. Tinsley, Marysville, 

Indiana; and Max H. Zimmerman, Charlestown, Indiana. 

CIC	 Notice by the First National Bank Employees Profit 

Sharing Plan and Trust, Carmi, Illinois ("Plan") to acquire 

up to 10.18 percent of Southern Illinois Ba ncorp, Carmi, 

Illinois("Bancorp"). The notice also seeks approval for 

Plan's trustees (Alvin Fritschle, Carmi, Illinois; Mary 

Sailer, Carmi, Illinois; and Jack Martin, Carmi, Illinois) to 

collectively own, on an individual basis, an additional 2.98 

percent, for total combined control of 13.16 percent of 

Bancorp's stock. (Previously submitted during the week 

ending May 25, 2002.) 

Ending date of 

comment period 

Newspaper – N/AvailFed 

Reg – 6/20/2002 

Newspaper – 6/18/2002 

Fed Reg – 6/18/2002 
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 

4c8	 Tennessee Central Bancshares, Inc., Parsons, Tennessee, 

proposes to develop, support, and sell financial sof tware used in 

bank data processing applications through the acquisition of 

Systems Ventures, Inc., Parsons, Tennessee. 

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 1, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period

18C & Branch Farmers State Bank of Madelia, Inc., Madelia, Minnesota, to Newspaper: 06/29/2002 

purchase certain assets and assume certain liabilities of 

Merchants State Bank of Lewisville, Lewisville, Minnesota, and 

incident thereto establish a branch facility to be located at 301 

West Le wis Street, Lewisville, Minnesota.* 

* 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

CIC Charles Harley Johnson to acquire control of Eastbank Newspaper: 06/21/2002 

Corporation, Minneapolis, Minnesota and thereby indirectly Fed Register: 06/24/2002

acquire control of EastBank, Minneapolis, Minnesota. 

* 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 

Member Peoples National Bank, Hayward, Wisconsin to be known as 

Peoples Bank of Wisconsin, Hayward, Wisconsin, to convert to 

a state charter and 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 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 1, 2002 

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 

Type Application 

3(a)(1)	 Countryside Square Bancshares, Inc., Meriden, Kansas, to 

become a bank holding company through the acquisition of 

100 percent of the voting shares of Countryside Bank, 

Meriden, Kansas. 

CIC	 John W. Sutherland, Jr., Andover, Kansas, to acquire 

control of Ottawa Bancshares, Inc., Salina, Kansas, parent 

of Kansas State Bank, Ottawa, Kansas; First Kansas Bank, 

Hoisington, Kansas; Lyon County State Bank, Emporia, 

Kansas; and First Bank Kansas, Salina, Kansas. 

CIC	 Mark W. Whitaker, of Wichita, Kansas, and Deanna Kay 

Melchert, of Edmond , Oklahoma, to acquire control of 

Citizens Financial Corporation, parent of Citizens State 

Bank, both of Liberal, Kansas. 

CIC	 Notice by Blair Lauritzen Gogel, Mission Hills, Kansas, 

and Clarkson Davis Lauritzen, Boston, Massachusetts, to 

acquire control of K.B.J. Enterprises, Inc., Omaha, 

Nebraska, parent of the Sibley State Bank, Sibley, Iowa. 

Ending date of 

comment period 

Newspaper – N/Available 

Fed Reg – 06/28/2002 

Newspaper - N/Available 

Fed Reg - N/Available 

Newspaper – 05/31/2002 

Fed Reg – 05/29/2002 

Newspaper – 02/26/02 

Fed Reg – 06/11/02 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) First Community Bancshares, Inc., Overland Park, Kansas, to Fed Reg - 05/29/2002 

engage in management consulting and financial advisory 

activities. 
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 direct ly 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 sta te 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 

271752	 Bank of Cushing & Trust Company 09/30/2001 05/29/2002 S X 

224 E. Broadway 

Cushing, Oklahoma 74023-3336 

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 1, 2002 

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)	 Overton Financial Corporation, Overton, TX, and Overton Fed Reg – 06/28/2002 

Delaware Corporation, Dover, DE, to acquire Longview Newspaper – N/Avail 

Financial Corporation, Longview, TX, and indirectly, Longview 

Delaware Corporation, Dover, DE, Longview Bank and Trust 

Company, Longview, TX, andFirst State Bank, Van, TX* 

*Subject to the provisions of the Community Reinv estment 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 pu blic 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 12 

Federal Reserve Bank of San Francisco 

Applications and notifications filed during the week ending Saturday, June 1, 2002 

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	 Notice by Shawn Leslie Devlin, Santa Rosa, California, to acquire Newspaper – 06/06/2002 

additional voting shares of RCB Corporation, Sacramento, Fed Reg – 06/20/2002 

California, and thereby indirectly acquire voting shares of River 

City Bank, Sacramento, California.* 

* 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