Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 34 

Week Ending August 24, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions August 18, 2002 to August 24, 2002 

Board Operations 

Association of Bank Supervisors of the Americas, Mexico City, Mexico --

authorization for a Board representative to serve as Chairman of the ASBA. 

- Approved, August 22, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority August 18, 2002 to August 24, 2002 

BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment Systems 

IF International Finance 

OSDM Office of Staff Director for Management 

C&CA Consumer and Community Affairs 

FOMC Federal Open Market Committee 

Bank Branches, Domestic 

Richmond 

Citizens Community Bank, South Hill, Virginia -- to establish a branch at 4209 Gasburg 

Road, Gasburg. 

- Approved, August 21, 2002 

Richmond 

Highlands Union Bank, Abingdon, Virginia -- to establish a branch at State Highway 394 

and Blountville Boulevard, Bristol, Tennessee. 

- Approved, August 20, 2002 

New York 

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish seasonal 

limited branches at Gettysburg College, 300 North Washington Street, Gettysburg, 

Pennsylvania; Dickinson College, North College and Louther Streets, Carlisle; Messiah 

College, One College Avenue, Upper Allen Township; Penn State Berks Campus, 

Tulpehocken Road, Spring Township; and Penn State Mont Alto Campus, One Campus 

Drive, Mont Alto. 

- Approved, August 20, 2002 

Kansas City 

Dallas 

Atlanta 

Platte Valley State Bank and Trust Company, Kearney, Nebraska -- to establish a 

branch at 920 Diers Avenue, Grand Island. 

- Approved, August 22, 2002 

PNB Financial Bank, Lubbock, Texas -- to establish a mobile branch to provide depositrelated services in the bank's market area, including Collin, Dallas, and Denton Counties. 

- Approved, August 21, 2002 

Regions Bank, Birmingham, Alabama -- to establish a branch at 7539 Spring Hill Drive, 

Spring Hill, Florida. 

- Approved, August 22, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 5 
H.2 Actions under delegated authority August 18, 2002 to August 24, 2002 

Bank Branches, Domestic 

Richmond 

Resource Bank, Virginia Beach, Virginia -- to establish a branch at One Columbus 

Center. 

- Approved, August 22, 2002 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 1855 East Main 

Street, Spartanburg, South Carolina. 

- Approved, August 20, 2002 

Bank Holding Companies 

Kansas City 

Bethlehem Financial Corporation, Belen, New Mexico -- to become a bank holding 

company through the acquisition of Bank of Belen. 

- Withdrawn, August 23, 2002 

New York 

Cera Stichting VZW, Leuven, Belgium; Cera Beheersmaatschappij N.V., Cera Holding 

CV, Almancora COMM. VA, Almanij N.V., KBC Bankverzekeringsholding N.V., and 

KBC Bank N.V. -- to become bank holding companies through the acquisition of LBS 

Bank, New York, New York. 

- Approved, August 22, 2002 

Chicago 

CIB Marine Bancshares, Inc., Pewaukee, Wisconsin -- to engage in factoring accounts 

receivable through the acquisition of CIB Marine Commercial Finance, LLC. 

- Withdrawn, August 22, 2002 

Chicago 

Marshall & Ilsley Corporation, Milwaukee, Wisconsin -- to acquire through Metavante 

Corporation assets of Spectrum EBP, LLC, Atlanta, Georgia. 

- Approved, August 21, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 5 
H.2 Actions under delegated authority August 18, 2002 to August 24, 2002 

Bank Holding Companies 

Boston 

Randolph Bancorp, Stoughton, Massachusetts -- to form a mutual bank holding company 

through the acquisition of Randolph Savings Bank, Randolph. 

- Approved, August 19, 2002 

Director, BS&R 

The South Financial Group, Inc., Greenville, South Carolina, and Carolina First Bank --

relief from certain commitments. 

- Granted, August 23, 2002 

Bank Mergers 

Kansas City 

First Bank of Medicine Lodge, Medicine Lodge, Kansas -- to purchase certain assets 

and assume certain liabilities of the Ottawa branch of Intrust Bank, National Association, 

Wichita. 

- Withdrawn, August 20, 2002 

Banks, State Member 

Director, BS&R 

Regions Bank, Mobile, Alabama -- transfer agent registration. 

- Approved, August 21, 2002 

Change In Bank Control 

St. Louis 

Cardinal Bancorp, Inc., St. Louis, Missouri -- change in bank control. 

- Permitted, August 23, 2002 

Minneapolis 

Financial Services of Lowry, Inc., Lowry, Minnesota -- change in bank control. 

- Permitted, August 19, 2002 

St. Louis 

First Service Bancshares, Inc., Dermott, Arkansas -- change in bank control. 

- Permitted, August 22, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 5 
H.2 Actions under delegated authority August 18, 2002 to August 24, 2002 

Change In Bank Control 

Dallas 

InterContinental Bank Shares Corporation, San Antonio, Texas -- change in bank control. 

- Permitted, August 19, 2002 

Boston 

Port Financial Corp, Brighton, Massachusetts -- change in bank control. 

- Permitted, August 22, 2002 

Competitive Factors Reports 

Richmond 

Branch Banking and Trust Company, Winston-Salem, North Carolina -- report on 

competitive factors of the proposed merger with First South Bank, Tallahassee, Florida. 

- Submitted, August 23, 2002 

San Francisco 

Community Bank, Joseph, Oregon -- report on competitive factors of the proposed 

merger with Community State Savings Bank, Walla Walla, Washington. 

- Submitted, August 20, 2002 

Richmond 

Guaranty Bank and Trust Company, Huntington, West Virginia -- report on competitive 

factors of the proposed merger with Guaranty Interim Bank. 

- Submitted, August 19, 2002 

Cleveland 

Kenwood Savings Bank, Cincinnati, Ohio -- report on competitive factors of the 

proposed merger with Fort Washington Trust Company. 

- Submitted, August 19, 2002 

St. Louis 

The Peoples State Bank of Newton, Illinois, Newton, Illinois -- report on competitive 

factors of the proposed purchase of assets and assumption of liabilities of The First 

National Bank of Sumner, Sumner. 

- Submitted, August 22, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 5 
H.2 Actions under delegated authority August 18, 2002 to August 24, 2002 

Competitive Factors Reports 

St. Louis 

The Weakley County Bank, Dresden, Tennessee -- reports on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Sharon, Greenfield, 

Lexington, and Jackson branches of Northwest Georgia Bank, Ringgold, Georgia; and of 

the Martin, Tennessee, and Dyersburg branches of Planters Bank, Inc., Hopkinsville, 

Kentucky. 

- Submitted, August 20, 2002 

Extensions Of Time 

St. Louis 

Midwest Bankers' Bancorporation, Inc., Jefferson City, Missouri -- extension to October 

31, 2002, to acquire Nebraska Bankers' Bank, National Association, Lincoln, Nebraska. 

- Granted, August 21, 2002 

San Francisco 

Sunstate Bancshares, Inc., Casa Grande, Arizona -- extension to December 23, 2002, to 

acquire an interest in Sunstate Bancshares Mortgages, LLC, and thereby engage in 

lending activities. 

- Granted, August 19, 2002 

International Operations 

New York 

J.P. Morgan Chase & Co., New York, New York -- to invest through the London 

branch of JPMorgan Chase Bank in certain Brazilian funds. 

- Withdrawn, August 22, 2002 

Membership 

Atlanta 

Peachtree Bank, Duluth, Georgia -- membership in the Federal Reserve System. 

- Approved, August 22, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 5 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, August 24, 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 in stitutions to help meet the credit needs 

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, August 24, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

3a1 Provident Financial Services, Inc., Jersey City, New Jersey, to Newspaper – N/A 

become a bank holding compnay by acquiring the stock of The 

Provident Bank, Jersey City, New Jersey. 

Section II – Applications subject to both newspaper and Federal Register no tice 

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 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 

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, August 24, 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 deposit ory 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 regulat ion 

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, August 24, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch North Side Depsoit Bank and Trust Company, Cincinnati, OH to 

establish a branch at 11628 Springfield Pike, Springdale, OH.* 

09/04/2002

Branch North Side Deposit Bank and Trust Company, Cincinnati, OH to 

establish a branch at the corner of Shepard Farm and Union Centre 

Road, West Chester, OH.* 

09/02/2002

* Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

3(a)(1) Application by Deerfield Bancshares, Inc., Clarksburg, OH to Newspaper: 09/16/2002 

acquire The Clarksburg Commercial Bank, Clarksburg, OH Fed Register : Not Known 

pursuant to Section 3(a)(1) of the Bank Holding Act.* 

* 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. 

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, August 24, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch New Peoples Bank, Inc., Honaker, Virginia, to establish a Newspaper - 09/18/2002 

branch at 157 Tazewell Mall Circle, Tazewell, Virginia.* 

*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 

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 de pository 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 evaluati on 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 

693224 Union Bank and Trust Company 05/13/2002 08/17/2002 S X 

211 North Main Street 

Bowling Green, Virginia 22427 -9417 

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, August 24, 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)(1) Wheeler Bancshares, Inc., Alamo, Georgia, to become a bank Newspaper– 09/15/2002 

holding company by acquiring Wheeler County State Bank, Fed Reg – 09/16/2002 

Alamo, Georgia.* 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Landmark Financial Holding Company, Sarasota, Florida, 09/13/2002 

proposes to engage indirectly, in originating, processing, and 

closing residential mortgage loans for sale in the secondary 

market through LandMark Mortgage of Florida, LP, Sarasota, 

Florida, pursuant to section 225.28(b)(1) of Regulation Y. 

Landmark Mortgage of Florida is a joint venture company, 

which is 49.5 percent owned by Landmark Financial Holding 

Company. 

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 n eeds 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 Reserv e 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 examine d 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, August 24, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18C & Branches Central Bank, Storm Lake, Iowa, for prior approval to acquire 

through merger Central Bank, Spirit Lake, Iowa and thereby to 

establish a branch facility at 1400 18th Street, Spirit Lake, 

Iowa.* 

18C & Branches Johnson Bank, Racine, Wisconsin, to merge with Capital Bank, 

Green Bay, Wisconsin and thereby to establish branches at 455 

Riverdale Drive, Green Bay, Wisconsin and 840 Main Avenue, 

DePere, Wisconsin.* 

Branch LeMars Bank & Trust Company, LeMars, Iowa, to establish a 

branch facility to be located at 1601 South Main Avenue, Sioux 

Center, Iowa.* 

Branch Northside Community Bank, Gurnee, Illinois, to establish a 

branch facility to be located at 8060 Oakton Street, Niles, 

Illlinois.* 

18C & Branches Salin Bank & Trust Company, Indianapolis, Indiana, to merge 

with Blue River Federal Savings Bank, Edinburg, Indiana and 

thereby to establish branches.* 

Newspaper – N/Avail 

Newspaper – 08/30/2002 

Newspaper – 08/22/2002 

Newspaper – 06/21/2002 

Newspaper – 08/16/2002 

*Subject to the provisions of the Communit y Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) Bement Bancshares, Inc., Bement, Illinois, to acquire 100 

percent of CGB&L Financial Group, Inc., Cerro Gordo, Illinois 

and thereby indirectly acquire Cerro Gordo Building and Loan, 

s.b., Cerro Gordo, Illinois.* 

Fed Reg – 08/30/2002 

Newspaper – 08/26/2002 

CC Notice by Ross David Levin, Louis Jonathon Kolom, Shabsa 

Abraham Lis, Aaron L. Kolom, She rwin Greenberg and Arthur 

Myer Goldrich, to gain control of First Equity Corp., Skokie, 

Illinois. 

Fed Reg – N/Avail 

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

Ending date of 

Type Application comment period 

3(a)(5) Merchants and Manufacturers Bancorporation, Inc., New Berlin, 

Wisconsin and Merchants Merger Corp., New Berlin, 

Wisconsin, to merge with Fortress Bancshares, Inc., Westby, 

Wisconsin and Fortress Holdings, Inc., Westby, Wisconsin, and 

thereby indirectly acquire Fortress Bank of Westby, Westby, 

Wisconsin, Fortress Bank, N.A., Houston, Minnesota, and 

Fortress Bank of Cresco, Cresco, Iowa.* 

3(a)(3) Oswego Community Bank Employee Stock Ownership Plan, 

Oswego, Illinois, to acquire additional shares and increase its 

ownership from 32.52 percent to 51 percent of the voting shares 

of Oswego Bancshares, Inc., Oswego, Illinois, and thereby to 

indirectly acquire additional voting shares of Oswego 

Community Bank, Oswego, Illinois.* 

4(c)(8) Southwest Company, Oakland, Iowa, to retain 100 percent 

ownership of Fremont County Savings Bank, Sidney, Iowa, 

following its conversion from a state-chartered bank to a federal 

savings association, and thereby operate a savings association.* 

Notice by Ramon J. Green and Beverly J. Green, to increase 

their ownership of West Plains Investors, Inc., Pleasant Plains, 

Illinois. 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 08/30/2002 

Newspaper – 08/31/2002 

Fed Reg – 08/22/2002 

Newspaper – 08/24/2002 

Fed Reg – N/Avail 

Newspaper – N/Avail 

* 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 

CC 
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 tak en 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 

968436 Midwest Bank & Trust 

1606 N. Harlem Avenue 

Elmwood Park, Illinois 60707 

(708) 456-4700 

433943 Washington State Bank 

121 S. Marion Avenue 

Washington, Iowa 52353 

(319) 653-2151 

03/11/2002 08/19/2002 S X 

04/15/2002 08/21/2002 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, August 24, 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 

420457 Southern Commercial Bank 4/29/2002 8/19/2002 S X St. Louis, Missouri 

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, August 24, 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) First Sleepy Eye Bancorporation, Inc., Sioux Falls, South 

Dakota, to acquire 96 percent of Stearns Bank Canby National 

Association, Canby, Minnesota. 

CIC Kenneth D. and Suzanne M. Roeder, De Smet, South Dakota to 

gain control of Kingsbury Bank Holding Company, De Smet, 

South Dakota, and thereby indirectly gain control of Peoples 

State Bank, De Smet, South Dakota. 

CIC Marcelle McVay, Chicago, Illinois, to retain control of 

Minnwest Corporation, Montevideo, Minnesota, and thereby 

indirectly retain control of Minnwest Bank Luverne, Luvern e, 

Minnesota; Minnwest Bank Central, Montevideo, Minnesota; 

Minnwest Bank Ortonville, Ortonville, Minnesota; Minnwest 

Bank, M.V., Redwood Falls, Minnesota; Minnwest Bank South, 

Tracy, Minnesota; and Minnwest Bank Sioux Falls, Sioux Falls, 

South Dakota. 

CIC Jerry E. Gerber, Rice Lake, Wisconsin; Terry G. Gerber, 

Cameron, Wisconsin; Susan J. Gerber, Blaine, Minnesota; 

Ernest J. Gerber, Bruce, Wisconsin; Alan F. Gerber, Radisson, 

Wisconsin; Kathleen L. Gerber, Quincy, Massachusetts; and 

Holly A. Barnes, Hayward, Wisconsin, to gain control of Old 

Murry Bancorp, Inc., Cameron, Wisconsin, and thereby 

indirectly gain control of Owen -Curtiss Financial Corporation, 

Rice Lake, Wisconsin, which owns Brill Bancshares, Inc., Rice 

Lake, Wisconsin, and its subsidiary bank, Brill State Bank, Rice 

Lake, Wisconsin, and Gilman Corporation, Gilman, Wisconsin, 

which owns the State Bank of Gilman, Gilman, Wisconsin. 

Fed Reg – 09/09/2002 

Newspaper – N/Avail 

Fed Reg – 08/23/2002 

Newspaper – N/Avail 

Fed Reg – 08/23/2002 

Newspaper – N/Avail 

Fed Reg – 08/23/2002 

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

Ending date of 

Type Application comment period 

CIC Craig L. Larson, Bismarck, North Dakota, to gain control of 

First Southwest Bancorporation, Bismarck, North Dakota, and 

thereby indirectly gain control of First Southwest Bank, 

Bismarck, North Dakota. 

CIC Gary A. Gerber, Rick H. Gerber, Jim E. Gerber, all of Exeland, 

Wisconsin; and Mahala A. Earnhart, Hewitt, Wisconsin, to gain 

control of Chippewa Valley Agency, Ltd., Winter, Wisconsin, 

and thereby indirectly gain control of Chippewa Valley Bank, 

Winter, Wisconsin. 

3A1 Eagle Community Bancshares, Inc, Brooklyn Park, Minnesota, 

to become a bank holding company by acquiring 100% of Eagle 

Community Bank, Maple Grove, Minnesota, a de novo bank. 

Fed Reg – 08/27/2002 

Newspaper – N/Avail 

Fed Reg – 08/30/2002 

Newspaper – 08/20/2002 

Fed Reg – 09/20/2002 

Newspaper – N/Avail 

* 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 l ow- 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 i nstitution 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 ban ks 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, August 24, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Pinnacle Bank, Papillion, Nebraska, to merge with the Wymore 

State Bank, Wymore, Nebraska and incident thereto, to establish 

a branch. 

18(c) First Bank of Medicine Lodge, Medicine Lodge, Kansas, to 

purchase certain assets and assume certain liabilities of the 

Ottawa, Kansas branch of Intrust Bank, National Association, 

Wichita, Kansas and to operate under the charter and title of 

First Bank of Medicine Lodge, Medicine Lodge, Kansas. 

Newspaper - 09/06/2002 

Newspaper - 09/20/2002 

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 credi t 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 instit ution'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 

857950 Pleasanton State Bank 05/28/2002 08/20/2002 O X 

102 N. Sycamore 

Pleasanton, Nebraska 68866 

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, August 24, 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 i nstitutions 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 = Satis factory

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, August 24, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch The Hongkong Chinese Bank, Ltd., Hong Kong, to acquire the Newspaper – N/Avail 

New York federal insured branch and the Los Angeles federal 

limited branch offices of CITIC Ka Wah Bank, Limited, Hong 

Kong. 

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

Ending date of 

Type Application comment period 

3(a)(1) Sumitomo Mitsui Financial Group, Inc., Tokyo, Japan, to become Newspaper – N/Avail 

a bank holding company by acquiring 100 percent of Fed Reg – 9/23/2002 

Manufacturers Bank, Los Angeles, 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 

4(c)(8) Sumitomo Mitsui Financi al Goup, Inc., Tokyo, Japan, to engage in Fed Reg – 9/23/2002 

nonbanking activities through the acquisition of SMBC Capital 

Markets, Inc., SMBC Leasing and Finance, Inc., SMBC Securities, 

Inc., Daiwa SB Investments (USA), Ltd., and JRI America, Inc., 

all of New York, New York. 

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

Type Application 

SMB Other Santa Lucia Bank, Atascadero, California, to issue subordinated 

notes with an aggregate value of up to $2 million. 
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 communi ty 

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 

181169 Foothill Independent Bank 04/22/2002 08/20/2002 S X 

510 S. Grand Avenue 

Glendale, CA 91741 

(626) 963-8551 

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