Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 19

Week Ending May 8, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 2, 1999 to May 8, 1999

Forms

Annual Report of Foreign Banking Organizations (FR Y-7); Foreign Banking 

Organization Structure Report on U.S. Banking and Nonbanking Activities (FR Y7A); and Foreign Banking Organization Confidential Report of Operations (FR 

2608) -- extension with revision.

- Approved, May 6, 1999 

Regulations And Policies

Federal Reserve System examiners -- policy statement to formalize a long-standing 

informal policy that Federal Reserve examiners should have no communications with 

insured institutions or their affiliates that indicate that the examination process is in 

any way influenced by political issues or considerations.

- Approved, May 4, 1999 

Reserve Bank Operations

Reserve Bank procurement policy -- program for acquisition of goods and services 

from small business.

- Approved, May 3, 1999 

(AC) = Addition or Correction Board - Page 1 of 1
May 2, 1999 to May 8, 1999

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

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Big Sky Western Bank, Big Sky, Montana -- to establish a branch in Bozeman.

- Approved, May 7, 1999 

Chicago

Equitable Bank, Fort Lauderdale, Florida -- to establish a branch at 5420 University 

Drive, Coral Springs.

- Approved, May 3, 1999 

Atlanta

MidSouth Bank, Jonesboro, Arkansas -- to establish a branch at 4818 East Highland 

Drive.

- Approved, May 5, 1999 

St. Louis

United Central Bank, Garland, Texas -- to establish a branch at 710 West Parker 

Road, Plano.

- Approved, May 6, 1999 

Dallas

Bank Holding Companies

American Heartland Bancshares, Inc., Sugar Grove, Illinois -- to become a bank 

holding company through the acquisition of American Heartland Bank and Trust, a 

de novo bank.

- Approved, May 4, 1999 

Chicago

Bank On It, Inc., Stockton, California -- application to become a bank holding 

company through the acquisition of Community Bank of San Joaquin, a de novo 

bank.

- Withdrawn, May 6, 1999 

San Francisco

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority May 2, 1999 to May 8, 1999

Bank Holding Companies

Bloomfield Hills Bancorp, Inc., Bloomfield Hills, Michigan -- to acquire Bank of 

Rochester, a de novo bank, Rochester.

- Approved, May 5, 1999 

Chicago

Capitol Bancorp Limited, Lansing, Michigan, and Sun Community Bancorp, Limited, 

Phoenix, Arizona -- to acquire shares of East Community Bank, a de novo bank, 

Chandler, Arizona.

- Approved, May 3, 1999 

Chicago

Centon Bancorp, Inc., Richton, Mississippi -- to become a bank holding company 

through the acquisition of Richton Bank and Trust Company.

- Approved, May 5, 1999 

Atlanta

Citizens Bancshares of Southwest Florida, Naples, Florida -- to become a bank 

holding company through the acquisition of Citizens National Bank of Southwest 

Florida, a de novo bank.

- Approved, May 5, 1999 

Atlanta

Darlington County Bancshares, Inc., Darlington, South Carolina -- to become a bank 

holding company through the acquisition of Darlington County Bank.

- Approved, May 6, 1999 

Richmond

FNBR Holding Corporation, Meeker, Colorado -- waiver of application requirement 

in connection with the acquisition of Yampa Valley National Bank, Hayden.

- Granted, April 29, 1999 (AC)

Kansas City

Guaranty Development Company, Livingston, Montana -- retroactive notice to retain 

an interest in Kennedy American Mortgage, LLC, Bozeman, and engage in certain 

mortgage loan origination activities.

- Approved, May 3, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority May 2, 1999 to May 8, 1999

Bank Holding Companies

Minster Financial Corp, Minster Ohio -- to become a bank holding company through 

the acquisition of Minster Bank, for Minster Bank to merge with Minster Interim 

Bank, and for Minster Interim Bank to become a member of the Federal Reserve 

System.

- Approved, May 6, 1999 

Cleveland

Passumpsic Bancorp, St. Johnsbury, Vermont -- to acquire Passumpsic Bank, FSB, 

Littleton, New Hampshire, a de novo thrift institution.

- Approved, May 7, 1999 

Boston

Piesco, Inc., Springfield, Minnesota -- to acquire Springfield Investment Company 

(doing business as F&M Insurance Agency) and engage in general insurance agency 

activities in towns with populations less than 5,000.

- Approved, May 3, 1999 

Minneapolis

Sharon Bancshares, Inc., Martin, Tennessee -- to acquire American Holdings 

Investments, Inc., Union City, and engage in lending activities.

- Approved, May 4, 1999 

St. Louis

South Georgia Bank Holding Company, Omega, Georgia -- to establish South 

Georgia Financial Services and engage in insurance and mutual fund activities.

- Approved, May 5, 1999 

Atlanta

Sterling Bancshares, Inc., Houston, Texas, and Sterling Bancorporation, Inc., 

Wilmington, Delaware -- to acquire B.O.A. Bancshares, Inc., Houston, and Houston 

Commerce Bank.

- Approved, May 6, 1999 

Dallas

USBANCORP, Inc., Johnstown, Pennsylvania -- to engage in brokerage activities 

through USNB Financial Services Corporation, Winder.

- Approved, April 29, 1999 (AC)

Philadelphia

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority May 2, 1999 to May 8, 1999

Bank Holding Companies

Van Orin Bancorp, Inc., Van Orin, Illinois -- to become a bank holding company 

through the acquisition of First State Bank of Van Orin.

- Approved, May 6, 1999 

Chicago

Bank Mergers

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

assume certain liabilities of the Rudyard and Cedarville branches of North Country 

Bank & Trust, Manistique.

- Approved, May 7, 1999 

Secretary

Banks, State Member

Central Bank of Missouri, Sedalia, Missouri -- to declare a dividend.

- Approved, May 6, 1999 

Kansas City

Change In Bank Control

Lincoln Financial Corporation, Ardmore, Oklahoma -- change in bank control.

- Permitted, May 5, 1999 

Kansas City

Palmer Bancshares, Inc., Palmer, Texas -- change in bank control.

- Permitted, May 6, 1999 

Dallas

Competitive Factors Reports

BC National Banks, Butler, Missouri -- report on competitive factors of the 

proposed merger with Citizens Bank of Missouri, Harrisonville.

- Submitted, May 3, 1999 

Kansas City

Capital Bank, Raleigh, North Carolina -- report on competitive factors of the 

proposed merger with Home Savings Bank of Siler City, SSB, Siler City.

- Submitted, May 6, 1999 

Richmond

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority May 2, 1999 to May 8, 1999

Competitive Factors Reports

First Federal Bank for Savings, Columbus, Mississippi -- report on competitive 

factors of the proposed merger with National Bank of Commerce, Starkville.

- Submitted, April 30, 1999 (AC)

St. Louis

First National Bank and Trust Company, Beatrice, Nebraska -- report on competitive 

factors of the proposed merger with the Blue Springs State Bank of Blue Springs, 

Blue Springs, and Farmers State Bank of Clatonia, Clatonia.

- Submitted, May 3, 1999 

Kansas City

First United Bank and Trust Company, Durant, Oklahoma -- report on competitive 

factors of the proposed merger with First State Bank and Trust Company, Shawnee.

- Submitted, May 4, 1999 

Kansas City

Portage National Bank, Portage, Pennsylvania -- report on competitive factors of the 

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

Loretto, Pennsylvania, branch of U.S. Bank, Johnstown.

- Submitted, May 3, 1999 

Philadelphia

Regions Bank, Birmingham, Alabama -- report on competitive factors of the 

proposed mergers with The St. Mary Bank & Trust Company, Franklin, Louisiana; 

The Village Bank of Florida, Tampa, Florida; Regions Bank, National Association, 

Bradenton, Florida; Jacobs Bank, Scottsboro, Alabama; Fayette County Bank, 

Peachtree City, Georgia; St. James Bank & Trust Company, Lutcher, Louisiana; The 

Bank of Newnan, Newnan, Georgia; and Meigs County Bank, Decatur, Tennessee.

- Submitted, May 5, 1999 

Atlanta

Extensions Of Time

Baylake Bank, Sturgeon Bay, Wisconsin -- extension to November 8, 1999, to 

establish a branch at 936 Furman Drive, Waupaca.

- Granted, May 6, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority May 2, 1999 to May 8, 1999

Extensions Of Time

First National Bank of Clovis Employee Stock Ownership Trust, Clovis, New 

Mexico -- extension to July 12, 1999, to acquire National Bancshares, Inc. and First 

National Bank of Clovis.

- Granted, May 7, 1999 

Dallas

Fountain View Bancorp, Sigourney, Iowa -- extension to August 4, 1999, to become 

a bank holding company through the acquisition of Keokuk County Bankshares, Inc.

- Granted, April 22, 1999 (AC)

Chicago

Membership

First American Bank, Stonewall, Oklahoma -- membership in the Federal Reserve 

System.

- Approved, May 4, 1999 

Kansas City

Pacific Liberty Bank, Huntington Beach, California -- membership in the Federal 

Reserve System.

- Approved, May 5, 1999 

San Francisco

(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 8, 1999

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 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Moscow Narodny Bank, London, England, to establish a

representative office in New York, New York.

Newspaper – N/Avail

FBSEA Caixa Geral de Depositos, Lisbon, Portugal, to establish a

branch in New York, New York.

Newspaper – 05/10/1999

FBSEA Antwerpse Diamantbank N.V., Antwerp, Belgium, to establish a

representative office in New York, New York.

Newspaper – 05/26/1999

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

3(a)(C) Community Bancorp of New Jersey, Freehold, New Jersey, to

become a bank holding company with respect to Community

Bank of New Jersey, Freehold, New Jersey.

3(a)(C) Skylands Financial Corp., Hackettstown, New Jersey, to become

a bank holding company with respect to Skylands Community

Bank, Hackettstown, New Jersey.

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 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Laurel Bank, Johnstown, PA, to merge with First Philson Bank,

N.A., Berlin, PA.

N/Avail

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

Type Application

Ending date of

comment period

3(a)(5) BT Financial Corporation, Johnstown, PA, to acquire First

Philson Financial Corporation, Berlin, PA.

Newspaper - N/Avail

Fed - Reg- 6/3/1999

3(a)(3) BT Financial Corporation, Johnstown, PA, to acquire First

Philson Bank, N.A., Berlin, PA, subsidiary of First Philson

Financial Corporation, Berlin, PA.

Newspaper: N/Avail

Fed - Reg - 6/3/1999

3(a)(5) First Leesport Bancorp, Leesport, PA, to merge with Merchants

of Shenandoah Ban-Corp, Shenandoah, PA

Newspaper - 5/28/1999

Fed - Reg - 6/3/1999

3(a)(3) First Leesport Bancorp, Leesport, PA, to acquire Merchants

Bank of Pennsylvania, Shenandoah, PA.

Newspaper - 5/28/1999

Fed – Reg - 6/3/1999

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 8, 1999

Section I – Applications subject to newspaper notice only

Type Application Ending date of comment

period

18(c)

Branch

Received application from Mid Am Bank, Bowling Green, OH on

05/03/1999 to merge with First Federal Bank, FSB, Bowling

Green, OH and incident thereto establish branches.*

N/Avail

18(c)

Branch

Received application from The Citizens Banking Company,

Salineville, OH on 05/04/1999 to merge with First Western Bank,

NA, New Castle, PA and incident thereto establish branches.*

N/Avail

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

Type Application Ending date of comment

period

4(c)(8) Received application from Sky Financial Group, Inc., Bowling

Green, OH to acquire Wood Bancorp, Inc., Bowling Green, OH.*

Fed Reg – 05/24/1999

3(a)(5) Received application from Sky Financial Group, Inc., Bowling

Green, OH and FWBI Acquisition Corp., a wholly-owned

subsidiary in formation, to acquire First Western Bancorp, Inc.,

New Castle, PA.*

N/Avail

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

Member Received application from Settlers Bank, Marietta, OH on

05/07/1999 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.

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 Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

189129 The Commercial & Savings Bank

Millersburg, Ohio

02/22/1999 05/03/1999 S X

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 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Community Bank of Tri-County, Waldorf, Maryland, to

establish a branch at 10195 Berry Road, Waldorf, Maryland.*

Newspaper – 5/20/1999

Branch Pioneer Bank, Stanley, Virginia (formerly Farmers &

Merchants Bank of Stanley), to establish a branch at

932 West Market Street (Watermen Square Shopping

Center), Harrisonburg, Virginia.*

Newspaper – 5/24/1999

*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

3(a)(1) James Monroe Bancorp, Inc., Arlington, Virginia, to become a

bank holding company through the acquisition of 100% of the

voting shares of James Monroe Bank, Arlington, Virginia.
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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

BKBRX First Community Bank, Orange City, Florida, to establish a

branch located at 400 East Howry Avenue, DeLand, Florida.

05/29/1999*

*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)(5) The Banc Corporation, Birmingham, Alabama, to merge

with C&L Banking Corporation, Bristol, Florida, and

thereby directly acquire C&L Bank of Bristol, Bristol,

Florida.

Newspaper - 05/29/1999*

3(a)(3) The Banc Corporation, Birmingham, Alabama, to acquire

C&L Bank of Blountstown, Blountstown, Florida.

Newspaper - 05/29/1999*

3(a)(1) Florida Business Bancgroup, Inc., Tampa, Florida, to

become a bank holding company by acquiring Bay Cities

Bank, Tampa, Florida (in organization).

N/Avail*

CIC Columbia Bank, Tampa, Florida, after-the-fact notification

by Mr. John A. R. Grimaldi and Mr. Anthony Julio

Grimaldi to retain 64 percent of the outstanding shares of

Columbia Bank, Tampa, Florida. Total ownership will

equal 64 percent.

N/Avail*

3(a)(1) Cherokee Banking Company, Canton, Georgia, to become

a bank holding company by acquiring Cherokee Bank,

N.A., Canton, Georgia (in organization).

N/Avail*

3(a)(1) United Americas Bancshares, Inc., Atlanta, Georgia, to

become a bank holding company by acquiring United

Americas Bank, N.A., Atlanta, Georgia (in organization).

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

Type Application

Ending date of

comment period

3(a)(3) BancTenn Corporation, Kingsport, Tennessee, to acquire

8.75 percent of Independence Bank, Kernersville, North

Carolina.

Newspaper - 06/02/1999*

3(a)(3) Citizens Bancorp Investment, Inc., Lafayette, Tennessee, to

acquire 80 percent of the outstanding shares of Liberty

State Bank, Liberty, Tennessee.

N/Avail*

CIC Citizens National Bancorp, Athens, Tennessee, prior

notification by Wilson Management and Development

Partnership, L.P., to acquire 47.14 percent of the

outstanding shares of Citizens National Bancorp, Athens,

Tennessee.

N/Avail

*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 AmSouth Bank, Birmingham, Alabama, commitment waiver

request.

WAIVR The Banc Corporation, Birmingham, Alabama (Applicant),

application waiver request for the proposed merger with Bankers

Trust of Alabama, Inc., and direct acquisition of its subsidiary,

Bankers Trust of Madison, both of Madison, Alabama. Bankers

Trust of Madison will immediately merge into Applicant’s

subsidiary, The Bank, Warrior, Alabama.

4(c)(8) Columbiana Bancshares, Inc., Columbiana, Alabama, through its

subsidiary, First Shelby Credit, Inc., Columbiana, Alabama, to

engage de novo in consumer lending and finance and insurance

activities.

COM Southern Bancorp, Inc., Marietta, Georgia, 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

246433 City First Bank

Post Office Box 21032

Tampa, Florida 33622

(813) 289-3333

01/25/1999 05/6/1999 S X

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, May 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) &

 Branches

Chemical Bank Bay Area

Bay City, Michigan

 National City Bank of Michigan/Illinois

 Bannockburn, Illinois

 and to establish branches at

 120 W. Center Street

 Linwood, Michigan

 4464 S. Huron Road

 Standish, Michigan

Newspaper – 6/3/1999

Branch Civitas Bank (formerly Citizens Bank MidAmerica)

St. Joseph, Michigan

 415 Lincoln Avenue

 Evansville, Indiana

Newspaper – 5/12/1999

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

Type Application

Ending date of

comment period

3(a)(1) Van Orin Bancorp, Inc.*

Van Orin, Illinois

 First State Bank of Van Orin

 Van Orin, Illinois

Fed Reg – 4/29/1999

Newspaper – 5/3/1999

3(a)(1) Strategic Capital Bancorp, Inc.*

Champaign, Illinois

 Strategic Capital Bank (in organization)

 Champaign, Illinois

Fed Reg – 6/4/1999

Newspaper – 5/3/1999

3(a)(3) Ogden Bancshares, Inc.*

Ogden, Iowa

 Community Bank of Boone (in organization)

 Boone, Iowa

Fed Reg – 5/10/1999

Newspaper – 5/13/1999
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) MidCity Financial Corporation*

Chicago, Illinois

 Damen Financial Corporation

 Schaumburg, Illinois

 Damen National Bank

 Schaumburg, Illinois

Fed Reg – N/Avail

Newspaper – N/Avail

CIC Greater Chicago Financial Corp.

Chicago, Illinois

 By Edward S. Salomon and Salvatore T. Scambietterra, a/k/a

 Sam Scott

Fed Reg – 5/18/1999

Newspaper – 5/16/1999

CIC F&M Bancorp of Tomah, Inc.

Tomah, Wisconsin

 By Timothy Joel Kress

Fed Reg – 4/29/1999

Newspaper – 4/28/1999

* 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) ABN AMRO Bank N.V.

Amsterdam, The Netherlands

 ABN AMRO Rothschild LLC

 New York, New York

Fed Reg – 5/25/1999

4(c)(8) ABN AMRO Holding N.V.

Amsterdam, The Netherlands

 ABN AMRO Rothschild LLC

 New York, New York

Fed Reg – 5/25/1999

4(c)(8) Stichting Administratiekantoor ABN AMRO Holding

Amsterdam, The Netherlands

 ABN AMRO Rothschild LLC

 New York, New York

Fed Reg – 5/25/1999

4(c)(8) Stichting Prioriteit ABN AMRO Holding

Amsterdam, The Netherlands

 ABN AMRO Rothschild LLC

 New York, New York

Fed Reg – 5/25/1999
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

60545 Home Trust & Savings Bank

628 Main Street

Osage, Iowa 50461-0150

(515) 732-3763

1/28/1999 5/5/1999 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, May 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice by Southern Commercial Bank, St. Louis, Missouri, to

establish a branch at the southeast corner of the intersection of

State Highway 21 and County Highways N and H, De Soto,

Missouri.*

4/8/1999

18(c) Notice by Union Bank of Illinois, Swansea, Illinois (in

organization), to purchase certain assets and assume certain

liabilities of Union Bank, N.A., Elllisville, Missouri, successor

bank in interest to the existing Union Bank of Illinois, Swansea,

Illinois. Companion Section 3(a)(3) and Membership notices

accompany this notice.*

5/2/1999

18(c) Notice by Union Bank of Illinois, Swansea, Illinois (in

organization), to purchase certain assets and assume certain

liabilities of the 1100 Spotsylvania, New Athens, Illinois, branch

of Mercantile Bank, N.A., St. Louis, Missouri.*

5/2/1999

* 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) Notice by Union Financial Group, Ltd., Swansea, Illinois, to

acquire Union Bank of Illinois, Swansea, Illinois (in

organization). Companion 18(c) and Membership notices

accompany this notice.*

Newspaper – 5/2/1999

Fed Reg – 5/25/1999

3(a)(1) Notice by Delta Bancshares of Louisiana, Inc., Oak Grove,

Louisiana, to acquire West Carroll Community Bank, Oak

Grove, Louisiana (in organization). A companion Section

3(a)(5) notice accompanies this notice.*

Newspaper – 6/4/1999

Fed Reg - 5/31/1999

3(a)(5) Notice by Delta Bancshares of Louisiana, Inc., Oak Grove,

Louisiana, to acquire Delta Bancshares, Inc., Eudora, Arkansas.

A companion Section 3(a)(1) notice accompanies this notice.*

Newspaper – 6/4/1999

Fed Reg - 5/31/1999

* 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

Member Notice by Union Bank of Illinois, Swansea, Illinois (in

organization), to become a member of the Federal Reserve

System. Companion Section 3(a)(3) and 18(c) notices

accompany this notice.

3(a)(5)(C) Notice by LNB Community Bancorp, Lynnville, Indiana, to

acquire Lynnville National Bank, Lynnville, Indiana.

4(j)(5)(A) Notice by Century Bancshares, Inc., Gainesville, Missouri, to

engage in full service securities brokerage activities, pursuant to

Section 225.28(b)(7)(i) of Regulation Y.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

Exam type

Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

525446 The Farmers Bank

Hardinsburg, Kentucky

1/25/1999 5/10/1999 S X

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 8, 1999

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) Kircher Bank Shares, Inc., Olivia, Minnesota, for prior approval

to become a bank holding company through the acquisition of

100% of the voting shares of Citizens State Bank of Olivia,

Olivia, Minnesota.*

Fed Reg - 5/25/1999

3(a)(3) Stockman Financial Corp., Miles City, Montana, for prior

approval to acquire 100% of the voting shares of Terry

Bancshares, Inc., Terry, Montana.*

Fed Reg - 5/25/1999

* 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

685555 Ronan State Bank

Ronan, Montana

01/25/1999 05/03/1999 O X

620752 First Citizens Bank of Polson

Polson, Montana

01/11/1999 05/03/1999 S X

2352507 BANKFIRST

Sioux Falls, South Dakota

02/02/1999 05/03/1999 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 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Security State Bank of Basin, Basin, Wyoming, to establish a

branch at 2124 S. Douglas Highway, Gillette, Wyoming.

Newspaper – 5/18/1999

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

4(c)(8) First National Bancshares, Beloit, Kansas, to engage in

community development activities.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

431659 Western Bank

Albuquerque, New Mexico

02/01/1999 05/05/1999 S X

85052 Unita County State Bank

Mountain View, Wyoming

02/08/1999 05/06/1999 SN X

727156 Farmers State Bank

Wallace, Nebraska

02/22/1999 05/06/1999 O X

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 8, 1999

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

CIC Robert W. Gentry, Denton, TX, only notificant, to acquire an

interest in Northstar Financial Corporation, Lake Dallas, TX*

Fed Reg – 05/25/1999

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

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, May 8, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Community First Bank, Prineville, Oregon, to establish a branch

office on Highway 97, Madras, Oregon. *

Newspaper – 05/20/1999

* 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) The Sanwa Bank, Limited, Osaka, Japan, to acquire up to 32

percent of The Toyo Trust and Banking Company, Limited,

Tokyo, Japan, which owns Toyo Trust Company of New York,

New York, New York. *

Newspaper – 06/04/1999

Fed Reg – 06/03/1999

CIC William Marvin Eames, Lafayette, California, to increase his

ownership in East County Bank, Antioch, California. *

Newspaper – N/Avail

Fed Reg – 05/25/1999

* 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) Home Valley Bancorp, Grants Pass, Oregon, to engage in

mortgage related activities through its wholly-owned subsidiary,

Valley Mortgage Funding Corporation, Grants Pass, Oregon.

Fed Reg – 05/26/1999

Fed Reg - Federal Register Comment Period Ending Date
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

54469 East County Bank

1411 A Street

P.O. Box 619

Antioch, CA 94509-0061

(925) 776-2200

01/19/1999 05/07/1999 S X

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not

intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility

for errors or omissions.

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None