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 22, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions August 16, 1998 to August 22, 1998

Bank Holding Companies

First American Corporation, Nashville, Tennessee -- to acquire The Middle 

Tennessee Bank, Columbia, Tennessee.

- Approved, August 17, 1998 

NationsBank Corporation, Charlotte, North Carolina -- to merge with BankAmerica 

Corporation, San Francisco, California, and to acquire all of its bank and nonbank 

subsidiaries.

- Approved, August 17, 1998 

Forms

Annual Report on Status of Disposition of Assets Acquired in Satisfaction of Debts 

Previously Contracted (FR 4006) -- extension, without revision.

- Approved, August 18, 1998 

Bank Holding Company Report of Changes in Investments and Activities (FR Y6A) -- extension with revision.

- Approved, August 18, 1998 

Notice of Branch Closure (FR 4031) -- extension, without revision.

- Approved, August 18, 1998 

Report of Foreign (Non-U.S.) Currency Deposits (FR 2915) -- extension, without 

revision.

- Approved, August 18, 1998 

Selected Balance Sheet Items for Discount Window Borrowers (FR 2046) -- 

implementation of a new information collection report.

- Approved, August 18, 1998 

Survey to Obtain Information on the Relevant Market in Individual Merger Cases 

(FR 2060) -- extension, without revision.

- Approved, August 18, 1998 

Written Security Program for State Member Banks (FR 4004) -- extension, without 

revision.

- Approved, August 18, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
August 16, 1998 to August 22, 1998

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

Aliant Bank, Alexander City, Alabama -- to establish a branch at 114 North 

Broadnax Street, Suite 103, Dadeville, Alabama.

- Approved, August 21, 1998 

Atlanta

Citizens Banking Company, Sandusky, Ohio -- to establish a branch at 408 East 

Cleveland Road, Huron, Ohio.

- Approved, August 21, 1998 

Cleveland

FCNB Bank, Frederick, Maryland -- to establish a branch at 1777 Reisterstown 

Road, Pikesville, Maryland.

- Approved, August 17, 1998 

Richmond

Heber Springs State Bank, Heber Springs, Arkansas -- to establish a branch at 1510 

Highway 25B North.

- Approved, August 18, 1998 

St. Louis

Legacy Bank of Texas, Plano, Texas -- to establish a branch at 4100 Legacy Drive.

- Approved, August 12, 1998 (AC)

Dallas

NBD Bank, Detroit, Michigan -- to establish a branch at 29200 N. Campbell Road, 

Madison Heights, Michigan.

- Approved, August 21, 1998 

Chicago

Republic Security Bank, West Palm Beach, Florida -- to establish a branch at 2929 

East Commercial Boulevard, Fort Lauderdale, Florida.

- Approved, August 21, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 1 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Bank Branches, Domestic

Simmons First Bank of Russellville, Russellville, Arkansas -- to establish a branch at 

2500 West Main.

- Approved, August 17, 1998 

St. Louis

Southern Financial Bank, Warrenton, Virginia -- to establish a branch at 2062 Plank 

Road, Fredericksburg, Virginia.

- Approved, August 17, 1998 

Richmond

Bank Holding Companies

Arvest Bank Group, Inc., Bentonville, Arkansas, and First Bancshares, Inc., 

Bartlesville, Oklahoma -- to retain ownership of State Bank & Trust, N.A., Tulsa, 

Oklahoma, on its conversion from a national bank to a federally chartered savings 

bank.

- Approved, August 19, 1998 

St. Louis

Bancshares of Jackson Hole, Inc., Jackson, Wyoming -- to acquire shares of The 

AmeriTrust Holding Company, Tulsa, Oklahoma, and engage in trust company and 

investment advisory activities.

- Approved, August 19, 1998 

Kansas City

Carolina First BancShares, Inc., Lincolnton, North Carolina -- to acquire Community 

Bank & Trust Company, Rutherfordton, North Carolina.

- Approved, August 19, 1998 

Richmond

FSBO Holdings, Inc., Olmsted, Illinois -- to acquire First State Bank of Olmsted.

- Approved, August 21, 1998 

St. Louis

New Millennium Bankshares, Inc., Topeka, Kansas -- to acquire Alliance Bank.

- Approved, August 19, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 2 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Bank Holding Companies

Prosperity Bancshares, Inc., El Campo, Texas -- to acquire Union State Bank, East 

Bernard, Texas.

- Approved, August 19, 1998 

Dallas

State Financial Services Corporation, Hales Corners, Wisconsin -- to acquire Home 

Bancorp of Elgin, Inc., Elgin, Illinois, and Home Federal Savings.

- Approved, August 19, 1998 

Chicago

Texas Capital Bancshares, Inc., Dallas, Texas -- to acquire Resource Bank, N.A.

- Approved, August 20, 1998 

Dallas

Texas National Bancorporation, Jacksonville, Texas -- to acquire Texas National 

Bank of Jacksonville.

- Approved, August 19, 1998 

Dallas

United Financial Corp., Great Falls, Montana -- to acquire Chouteau County 

Bancshares, Inc., Fort Benton, Montana; First State Bank of Fort Benton; and Fort 

Benton Insurance Agency; and engage in general insurance agency activities in a 

town under 5000.

- Approved, August 19, 1998 

Minneapolis

Zions Bancorporation, Salt Lake City, Utah -- to merge with The Commerce 

Bancorporation, Seattle, Washington, and acquire The Commerce Bank of 

Washington, N.A.

- Approved, August 21, 1998 

Secretary

Zions Bancorporation, Salt Lake City, Utah, and Val Cor Bancorporation, Inc., 

Denver Colorado -- waiver of application in connection with proposed merger of 

Vectra Bank Colorado, N.A., Denver, and Independent Bank, Kersey, Colorado.

- Granted, August 18, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Bank Holding Companies

Zions Bancorporation, Salt Lake City, Utah, and Val Cor Bancorporation, Inc., 

Denver, Colorado -- waiver of application in connection with proposed merger of 

Vectra Bank Colorado, N.A., Denver, and Eagle Bank, Bloomfield, Colorado.

- Granted, August 18, 1998 

San Francisco

Zions Bancorporation, Salt Lake City, Utah, and Val Cor Bancorporation, Inc., 

Denver, Colorado -- waiver of application in connection with proposed merger of 

Vectra Bank Colorado, N.A., Denver, and Mountain National Bank, Woodland 

Park, Colorado.

- Granted, August 18, 1998 

San Francisco

Bank Mergers

Colonial Bank, Montgomery, Alabama -- to merge with FirstBank, Dallas, Texas.

- Approved, August 20, 1998 

Atlanta

Johnson Bank, Racine, Wisconsin -- to merge with Johnson Bank, N.A., Janesville, 

Wisconsin, and establish branches at 2636 Highway 51 South, Janesville; 2021 

Holiday Drive; 1 South Main Street; 1309 Wright Road; and 4600 American 

Parkway, Madison, Wisconsin.

- Approved, August 20, 1998 

Chicago

Banks, Nonmember, And Miscellaneous Institutions

Exide Electronics Group, Inc., Raleigh, North Carolina -- deregistration under 

Regulation U.

- Approved, August 21, 1998 

Richmond

Banks, State Member

First Illinois Bank, East St. Louis, Illinois -- payment of a dividend.

- Approved, August 20, 1998 

St. Louis

(AC) = Addition or Correction Delegated - Page 4 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Banks, State Member

Lindell Bank & Trust Company, St. Louis, Missouri -- payment of a dividend.

- Approved, August 20, 1998 

St. Louis

Change In Bank Control

Brand Banking Company, Lawrenceville, Georgia -- change in bank control.

- Permitted, August 19, 1998 

Atlanta

Community Bankshares of Guernsey, Guernsey, Wyoming -- change in bank control.

- Permitted, August 18, 1998 

Kansas City

Fort Knox National Bancorp, Inc., Elizabethtown, Kentucky -- change in bank 

control.

- Permitted, August 18, 1998 

St. Louis

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

- Permitted, August 18, 1998 

Dallas

Mercedes Bancorp, Inc., Mercedes, Texas -- change in bank control.

- Permitted, August 20, 1998 

Dallas

Yellow Medicine Bancshares, Inc., Granite Falls, Minnesota -- change in bank 

control.

- Permitted, August 17, 1998 

Minneapolis

(AC) = Addition or Correction Delegated - Page 5 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Competitive Factors Reports

Central Financial Acceptance Corporation, Commerce, California -- report on 

competitive factors of the proposed acquisition of Mission Savings and Loan 

Association, Riverside, California.

- Submitted, August 21, 1998 

San Francisco

Citizens National Bank, Norwalk, Ohio -- report on competitive factors of the 

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

branch of Fifth Third Bank of Northwestern Ohio, N.A., Toledo, Ohio.

- Submitted, August 17, 1998 

Cleveland

Columbus State Bank, Columbus, Kansas -- report on competitive factors of the 

proposed merger with CBI-Kansas Acquisition Subsidiary, Inc., Leawood, Kansas.

- Submitted, August 17, 1998 

Kansas City

Community Trust Bank, N.A., Pikeville, Kentucky -- report on competitive factors 

of the proposed purchase of three branches of Community Trust Bank, FSB, 

Campbellsville, Kentucky.

- Submitted, August 17, 1998 

Cleveland

Enterprise FSB, West Chester, Ohio -- report on competitive factors of the proposed 

purchase of certain assets of the Colerain and Blue Ash, Ohio, branches of 

Cornerstone Bank, Springfield, Ohio.

- Submitted, August 17, 1998 

Cleveland

Enterprise FSB, West Chester, Ohio -- report on competitive factors of the proposed 

acquisition of Security S.A., Milford, Ohio.

- Submitted, August 17, 1998 

Cleveland

First American National Bank, Nashville, Tennessee -- report on competitive factors 

of the proposed merger with Cheatham State Bank, Kingston Springs, Tennessee.

- Submitted, August 19, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 6 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Competitive Factors Reports

First Fidelity Bank, N.A., Oklahoma City, Oklahoma -- report on competitive factors 

of the proposed merger with First Fidelity Interim Bank, Edmond, Oklahoma.

- Submitted, August 17, 1998 

Kansas City

First National Bank of Marin, San Rafael, California -- report on competitive factors 

of the proposed formation of First Interim National Bank of Marin, Las Vegas, 

Nevada, and the relocation of First National Bank of Marin from San Rafael to Las 

Vegas.

- Submitted, August 20, 1998 

San Francisco

First National Bank of Strasburg, Strasburg, Colorado -- report on competitive 

factors of the proposed merger with First National Bank of Castle Rock, Castle 

Rock, Colorado.

- Submitted, August 17, 1998 

Kansas City

Matewan National Bank, Matewan, West Virginia -- report on competitive factors of 

the proposed acquisition of three branches of Matewan Bank FSB, Pikeville, 

Kentucky.

- Submitted, August 17, 1998 

Cleveland

Mercantile Bank National Association, Hartford, Illinois -- report on competitive 

factors of the proposed merger with Central Bank, Fairview Heights, Illinois.

- Submitted, August 21, 1998 

Secretary

Mercantile Bank of Illinois, Mount Vernon, Illinois -- report on competitive factors 

of the proposed merger with Farmers and Merchants Bank of Carlinville, Carlinville; 

First Trust and Savings Bank of Taylorville, Taylorville; Elliot State Bank, 

Jacksonville; and First National Bank of Central Illinois, Springfield; and the 

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

National Bank of Mattoon, Mattoon, and six branches of Central Bank, Fairview 

Heights, all in Illinois.

- Submitted, August 21, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 7 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Competitive Factors Reports

Mercantile Trust Company National Association, St. Louis, Missouri -- report on 

competitive factors of the proposed merger with Central National Bank of Mattoon, 

Mattoon, Illinois.

- Submitted, August 21, 1998 

Secretary

Norwest Bank Cloquet, National Association, Cloquet, Minnesota, and Norwest 

Bank International Falls, National Association, International Falls, Minnesota -- 

report on competitive factors of the proposed merger with and into Norwest Bank 

Minnesota North, National Association, Duluth, Minnesota.

- Submitted, August 21, 1998 

Secretary

Norwest Bank Minnesota West, National Association, Moorhead, Minnesota -- 

report on competitive factors of the proposed purchase of the assets and assumption 

of the liabilities of the Pelican Rapids, Minnesota, branch of Norwest Bank North 

Country, National Association, Brainerd, Minnesota.

- Submitted, August 21, 1998 

Secretary

Norwest Bank North Country, National Association, Brainerd, Minnesota -- report 

on competitive factors of the proposed merger with and into Norwest Bank 

Minnesota South, National Association, Rochester, Minnesota.

- Submitted, August 21, 1998 

Secretary

Oak Hills Savings and Loan Co., F.A., Cincinnati, Ohio -- report on competitive 

factors of the proposed purchase of certain assets of the Sayler Park, Ohio, branch of 

Cornerstone Bank, FSB, Springfield, Ohio.

- Submitted, August 17, 1998 

Cleveland

Peoples Home Savings Bank, Beaver Falls, Pennsylvania -- report on competitive 

factors of the proposed merger with Peoples Home Interim Savings Bank.

- Submitted, August 17, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 8 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Competitive Factors Reports

Pleasants County Bank, St. Marys, West Virginia -- report on competitive factors of 

the proposed merger with Pleasants County Interim Bank.

- Submitted, August 17, 1998 

Richmond

Rock Springs National Bank, Rock Springs, Wyoming -- report on competitive 

factors of the proposed merger with RSNB Interim Bank, N.A.

- Submitted, August 17, 1998 

Kansas City

Sun Bancorp, Vineland, New Jersey -- report on competitive factors of the proposed 

establishment of Sun National Bank, Delaware, Wilmington, Delaware, and purchase 

of certain assets and assumption of certain liabilities of eight Delaware branches of 

Household Bank, FSB, Wood Dale, Illinois.

- Submitted, August 13, 1998 (AC)

Philadelphia

Virginia Heartland Interim Bank, Fredericksburg, Virginia -- report on competitive 

factors of the proposed merger with Virginia Heartland Bank.

- Submitted, August 18, 1998 

Richmond

Extensions Of Time

Bank of Colorado, Fort Lupton, Colorado -- extension to November 27, 1998, to 

acquire The First Security Bank, Craig, Colorado, and establish an additional branch.

- Granted, August 17, 1998 

Kansas City

Stichting Priotitiet ABN AMRO Holding, Amsterdam, The Netherlands; Stichting 

Administratiekantoor ABN AMRO Holding; ABN AMRO Holding N.V.; ABN 

AMRO Bank N.V.; and ABN AMRO North America, Inc., Chicago, Illinois -- 

extension to October 10, 1998, to acquire through Integrion Financial Network, 

LLC, Atlanta, Georgia, shares of CheckFree Corporation, Norcross, Georgia, and 

engage in data processing activities.

- Granted, August 18, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 9 of 10
H.2 Actions under delegated authority August 16, 1998 to August 22, 1998

Extensions Of Time

Summit Bank, Hackensack, New Jersey -- extension to July 8, 1999, to establish 

branches at Pathmark Supermarket, 130 White Horse Pike, Lawnside, New Jersey; 

and Pathmark Supermarket, 1450 Clements Bridge Road, Deptford, New Jersey.

- Granted, August 20, 1998 

New York

UB&T Financial Services Corporation, Rockmart, Georgia -- extension to November 

22, 1998, to acquire United Bank & Trust Company.

- Granted, August 21, 1998 

Atlanta

Membership

Alliance Bank Corporation, Fairfax, Virginia -- to become a member of the Federal 

Reserve System.

- Approved, August 20, 1998 

Richmond

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on June 30 - July 1, 1998.

- Published, August 20, 1998 

FOMC

(AC) = Addition or Correction Delegated - Page 10 of 10
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, August 22, 1998

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) Pepperell Bankshares Financial Group, Inc., Biddeford, Maine –

application to acquire 100% of the voting shares of Pepperell

Trust Company, Biddeford, Maine

Newspaper - 09/17/98

Fed Reg. – 09/18/98

3(a)(1)/3(a)(3)

3(a)(5)

Mutual Bancorp of the Berkshires, Inc., Pittsfield, Massachusetts –

to merge with Lenox Financial Services Corp., Lenox,

Massachusetts, a mutual holding company that owns Lenox

Savings Bank, Lenox, Massachusetts and to establish United

Financial Group, Inc., Pittsfield, Massachusetts as an intermediary

stock bank holding company

Newspaper – 09/19/98

Fed Reg. – 09/19/98

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(C)(8) Androscoggin Bancorp, MHC and Androscoggin Bancorp, Inc.,

both of Lewiston, Maine – notification to acquire Financial

Institution Service Corp., Lewiston, Maine

Fed Reg. – 09/03/98
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, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch The Chase Manhattan Bank, New York, New York to establish a

branch at The Great Atlantic & Pacific Tea Company, Inc., Route

22 and Route 311, Patterson, New York.*

08/31/1998

* 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), 3(a)(5) Popular, Inc., Hato Rey, Puerto Rico, Popular International Bank,

Inc., Hato Rey, Puerto Rico, and Banco Popular North America,

Inc., Streamwood, Illinois, to acquire Gore Bronson Bancorp, Inc.,

Prospect Heights, Illinois, and thereby indirectly acquire The

Bronson-Gore Bank, Prospect Hills, Illinois, The Irving Bank,

Chicago, Illinois, and Water Tower Bank, Chicago, Illinois.

09/14/1998*

3(a)(3) Popular, Inc., Hato Rey, Puerto Rico, Popular International Bank,

Inc., Hato Rey, Puerto Rico, and Popular North America, Inc., Mt.

Laurel, New Jersey, to acquire First State Bank of Southern

California, Santa Fe Springs, California.

09/14/1998*

* Fed Reg - Federal Register Comment Period Ending Date

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Member Lafayette Bank, Easton PA, to become a member of the Federal

Reserve System, through the merger with Ambassador Bank of the

Commonwealth, Allentown, PA.

09/11/1998

Member Republic First Bank Delaware, Brandywine, DE (a de novo bank

in formation), to become a member of the Federal Reserve System.

09/11/1998

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

Type Application

Ending date of

comment period

3(a)(3) Republic First Bancorp, Philadelphia, PA, to acquire Republic

First Bank Delaware, Brandywine, DE.

Newspaper: 09/11/1998

Fed Reg: 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

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, August 22, 1998

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

CC Change in Bank Control Notice received on 08/18/1998 from the

Greer Family of their itent to retain up to 39.76% of the

outstanding voting shares of Cumberland Valley Financial

Corporation, London, KY.

*Newspaper – 08/21/1998

CC Change in Bank Control Notice received on 08/18/1998 from the

Griffin Family of their intent to retain up to 26.53% of the

outstanding voting shares of Cumberland Valley Financial

Corporation, London, KY.

*Newspaper – 08/21/1998

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 Fourth Quarter of 1998

Institution Location

The Citizens Banking Co. 100 East Water Street, Sandusky, OH 44870-2514

The Huntington State Bank 4 West Main Street, Alexandria, OH 43001

Apollo Trust Co. 201 North Warren Avenue, Apollo, PA 15613

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

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

planned examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances.
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Virginia Heartland Interim Bank, Culpeper, Virginia, an

organizing bank, to merge with Virginia Heartland Bank,

Fredericksburg, Virginia.*

9/15/1998

MBR Virginia Heartland Interim Bank, Culpeper, Virginia, an

organizing bank, for membership in the Federal Reserve System.*

9/17/1998

Branch Bank of Isle of Wight, Smithfield, Virginia, to establish a branch

at 776 J. Clyde Morris Boulevard, Newport News, Virginia.*

9/18/1998

*Subject to provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(1) Maryland Permanent Capital Corporation, Owings Mills,

Maryland, to become a bank holding company through the

acquisition of 100% of the voting shares of Maryland Permanent

Bank & Trust Co., Owings Mills, Maryland.*

Fed Reg – 9/14/1998

Newspaper – N/Avail

3(a)(3) Second National Financial Corporation, Culpeper, Virginia, to

acquire Virginia Heartland Bank, Fredericksburg, Virginia.*

Fed Reg – 9/17/1998

Newspaper – 9/15/1998

*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

1402414 Commerce Bank Corporation

9658 Baltimore Avenue

College Park, Maryland 20740-1346

6/8/1998 8/16/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Colonial Bank, Montgomery, Alabama, to merge with InterWest

Bank, Reno, Nevada.

09/18/1998*

Branch Republic Security Bank, West Palm Beach, Florida, to establish a

branch located at 5131 Congress Avenue, Boca Raton, Florida.

09/13/1998*

*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 Colonial BancGroup, Inc., Montgomery, Alabama, to merge

with InterWest Bancorp, Reno, Nevada, and thereby directly

acquire InterWest Bank, Reno, Nevada.

N/Avail*

CIC First Western Bank, Cooper City, Florida (Bank), after-the-fact

notification filed by Mr. Carl V. Thomas, et al., to collectively

retain 28.37 percent of Bank, and prior notice by Mr. Thomas to

individually acquire up to 10 percent of Bank.

N/Avail*

3(a)(1) The Banc Corporation, a Delaware Corporation, to become a bank

holding company by acquiring Emerald Coast Bancorp, Panama

City Beach, Florida, and its subsidiary, Emerald Coast Bank,

Panama City Beach, Florida.

N/Avail*

3(a)(5) The Savannah Bancorp, Inc., Savannah, Georgia, to merge with

Bryan Bancorp, Inc., Richmond Hill, Georgia, and thereby directly

acquire Bryan Bank and Trust, Richmond Hill, Georgia.

Fed Reg 09/18/1998*

*Subject to 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) Financial Investors of the South, Inc., Birmingham, Alabama, to

acquire a 40% interest in a joint venture that will own Alabama

Lenders Institute, Decatur, Alabama (in organization), and thereby

engage de novo in providing management consulting advice. The

co-venturers are Bradley Arant Rose & White LLP, Birmingham,

Alabama (25%); Sirote & Permutt, P.C., Birmingham, Alabama

(25%); and Professor Gene A. Marsh, Birmingham, Alabama

(10%).

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

Type Application

4(c)(8) TIB Financial Corporation, Key Largo, Florida, through its de

novo subsidiary, TIB Software & Services, Inc., Key Largo, FL, to

acquire a 30% interest in ERAS Joint Venture, Miami, FL, and

thereby engage in data processing activities.

COM First Citizens Corporation, Newnan, Georgia (formerly Newnan

Holdings, Inc.), commitment waiver request.

4(c)(8) Acadiana BancShares, Inc., Lafayette, Louisiana, to acquire a

40% interest in a joint venture: Cadence Holdings, L.L.C.,

Lafayette, Louisiana, and thereby engage in consumer lending

activities; issuance and sale of money orders; travelers checks and

similar consumer payment services; tax preparation services; and

check cashing services and wire money transfer services. The

co-venturers are Animar Inc., Lafayette, Louisiana, and Davis

Ventures, L.L.C., Lafayette, Louisiana.

4(c)(8) Firstrust Corporation, New Orleans, Louisiana, through its whollyowned subsidiary, Automated Technology Machines, Inc.,

Metairie, Louisiana, to acquire Extra Value Network, Atlanta,

Georgia, and thereby engage in data processing 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 depositor y institution's record in helping meet the credit needs of its entire community

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Old Kent Bank

Grand Rapids, Michigan

 127 S. Main Street

 Elkhart, Indiana

Newspaper – 09/02/1998

Newspaper – Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

CIC Union-Adams Bancorp

Creston, Iowa

 By Karl W. Knock

Fed Reg – 08/21/1998

Newspaper – 08/19/1998

3(a)(1) Holland Financial Corporation*

Holland, Michigan

 The Bank of Holland (in organization)

 Holland, Michigan

Fed Reg – 09/08/1998

Newspaper – 09/06/1998

3(a)(3) WFC, Inc.*

Waukon, Iowa

 Iowa State Bank ( in organization)

 Oelwein, Iowa

Fed Reg – 09/08/1998

Newspaper – 09/11/1998

3(a)(5) Firstar (WI) Corporation*

Milwaukee, Wisconsin

 Star Banc Corporation

 Cincinnati, Ohio

 Star Bank, National Association

 Cincinnati, Ohio

Fed Reg – 09/18/1998

Newspaper – N/Avail

3(a)(5) Firstar Corporation*

Milwaukee, Wisconsin

 Star Banc Corporation

 Cincinnati, Ohio

 Star Bank, National Association

 Cincinnati, Ohio

Fed Reg – 09/18/1998

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

Type Application

Ending date of

comment period

3(a)(3) Star Banc Corporation*

Cincinnati, Ohio

 Firstar Corporation

 Milwaukee, Wisconsin

Fed Reg – 09/18/1998

Newspaper – N/Avail

3(a)(3) Putnam County Bancorp, Inc.*

Hennepin, Illinois

 Bank of Ladd

 Ladd, Illinois

Fed Reg – 09/18/1998

Newspaper – 09/09/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper – Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Firstar (WI) Corporation

Miwaukee, Wisconsin

 Star Banc Corporation

 Cincinnati, Ohio and their 4 nonbanking subsidiaries

Fed Reg – 09/18/1998

4(c)(8) Firstar Corporation

Milwaukee, Wisconsin

 Star Banc Corporation

 Cincinnati, Ohio and their 4 nonbanking subsidiaries

Fed Reg – 09/18/1998

4(c)(8) Advance Bancorp, Inc.

Homewood, Illinois

 To engage in extending credit and servicing loans

Fed Reg – 09/8/1998

3(a)(3) Baylake Corp.

Sturgeon Bay, Wisconsin

 Evergreen Bank, National Association

 Poy Sippi, Wisconsin

Fed Reg – N/Avail

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

Type Application

S/R Antioch Bancshares, Inc.

Antioch, Illinois

 To redeem $1,500,000 of outstanding preferred stock
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

177948 M&I Mid-State Bank

1245 Main St.

P.O. Box 8

Stevens Point, WI 54481

(715) 344-5100

05/25/1998 08/19/1998 O X

270241 Charter Bank

3058 1st St.

Wyandotte, MI 48192

(313) 285-1900

04/27/1998 08/21/1998 S X

64334 Eastern Michigan Bank

65 N. Howard

Croswell, Michigan 48422

(810) 679-2500

2/2/1998 6/5/1998 S* X

* Correction of previously reported data

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 22, 1998

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 Notice involving First of Murphysboro Corp., Murphysboro,

Illinois, by Allene L. Etherton and John K. Freebern.

Newspaper – 9/8/1998

Fed Reg – 9/8/1998

CIC Notice involving Marked Tree Bancshares, Inc., Marked Tree,

Arkansas, by Frank J. Brunner, Jr.

Newspaper – 9/10/1998

Fed Reg – 9/10/1998

3(a)(5) *Notice by National Commerce Bancorporation, Memphis,

Tennessee, to acquire First Community Bancorp, Inc. Cartersville,

Georgia.

Newspaper – 9/19/1998

Fed Reg – 9/17/1998

3(a)(3) *Companion notice by Union Planters Corporation, Memphis,

Tennessee, to indirectly acquire LaPlace Bancshares, Inc., LaPlace,

Louisiana.

Newspaper – 9/18/1998

Fed Reg – N/Avail

3(a)(5) *Companion notice by Union Planters Holding Corporation,

Memphis, Tennessee, a wholly owned subsidiary of Union Planters

Corporation, Memphis, Tennessee, to acquire LaPlace Bancshares,

Inc., LaPlace, Louisiana.

Newspaper – 9/18/1998

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, August 22, 1998

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

4(c)(8) Fishback Financial Corporation, Brookings, South Dakota, to

acquire certain assets indirectly through a wholly-owned

subsidiary, Midwest Card Services, Brookings, South Dakota, and

thereby engage in the activity of servicing loans.

09/08/1998

4(c)(8) Norwest Corporation, Minneapolis, Minnesota, to engage in

residential mortgage lending through a joint venture, Edina Realty

Mortgage, LLC, Edina, Minnesota.

09/11/1998

4(c)(8) Norwest Corporation, Minneapolis, Minnesota, to sell 50% of

RELS Title Services, LLC, Edina, Minnesota, and 50% of RELS,

LLC, San Diego, California, both indirect nonbank subsidiaries, to,

respectively, First American Title Insurance Company and First

American Real Estate Solutions, LLC, both of Santa Ana,

California, and thereby form joint ventures to engage in residential

real estate appraisal, consumer income verification, consumer

credit reporting activities, title insurance agency, escrow, and other

residential real estate closing services.

09/11/1998
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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) / Branch Eaton Bank, Eaton, Colorado, for prior approval to acquire the

assets and assume the liabilities of the Fort Collins, Colorado,

branch of Farmers Bank, Eaton, Colorado.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(1) Town & Country Bancshares, Inc., Guthrie, Colorado, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Oklahoma State

Bank, Guthrie, Oklahoma.

Newspaper – N/Avail

Fed Reg – N/Avail

3(a)(3) Morrill Bancshares, Inc., Sabetha, Kansas, for prior approval to

acquire an additional 12.86 percent, for a pro forma total of 47.69

percent, of the voting shares of Morrill & Janes Bancshares, Inc.,

Hiawatha, Kansas; and thereby indirectly acquire Morrill & Janes

Bank & Trust Company, Hiawatha, Kansas.

Newspaper – 09/11/1998

Fed Reg – 09/19/1998

3(a)(3) Intra Financial Corporation, Clyde, Kansas, for prior approval to

acquire 9.697 percent of the voting shares of Arizona Bancshares,

Inc., Flagstaff, Arizona; and thereby indirectly acquire First State

Bank, Flagstaff, Arizona, a de novo bank in organization.

Newspaper – N/Avail

Fed Reg – 09/14/1998

3(a)(3) / 3(a)(5) Commerce Bancshares, Inc., and its wholly owned subsidiary CBIKansas, Inc., both of Kansas City, Missouri, to acquire 100 percent

of the voting shares of Fidelity Bankshares, Inc., Garden City,

Kansas; and thereby indirectly acquire Fidelity State Bank, Garden

City, Kansas, and Heritage Bank of Olathe, Olathe, Kansas.

Newspaper – 08/01/1998

Fed Reg – 07/30/ 1998
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

7456 Bank of Hartington

229 N. Broadway

Hartington, Nebraska 68739

05/18/1998 08/20/1998 S 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, August 22, 1998

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) Eagle Lake Bancshares, Inc., Eagle Lake, TX, to acquire

Finabel Corporation, Dover, DE, and

First National Bank, Eagle Lake, TX*

(Previously reported the week ending August 15, 1998)

Fed Reg – 09/11/1998

Newspaper – 09/05/1998

3(a)(1) Finabel Corporation, Dover, DE, to acquire

First National Bank, Eagle Lake, TX*

(Previously reported the week ending August 15, 1998)

Fed Reg – 09/11/1998

Newspaper – 09/05/1998

3(a)(3) State National Bancshares, Inc., Lubbock, TX, to acquire

Continental National Bancshares, Inc., El Paso, TX, and

Continental National Bank, El Paso, TX*

(Previously reported the week ending August 15, 1998)

Fed Reg – 09/08/1998

Newspaper – 09/06/1998

3(a)(3) First Gilmer Bankshares, Inc., Gilmer, TX, and

First Gilmer Delaware Holdings, Ltd., Wilmington, DE,

to acquire Security State Bank, Ore City, TX*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(3) First Pecos Bancshares, Inc., Midland, TX, to acquire

First Alpine, Inc., Alpine, TX,

Alpine Delaware Financial Corporation, Dover, DE, and

First National Bank in Alpine, Alpine, TX*

Fed Reg – 08/03/1998

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, August 22, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Farmers and Merchants Bank of Rockford, Spokane, Washington,

to establish a branch office at 1604 West Francis, Spokane,

Washington. *

Newspaper 08/31/1998

* Subject to the provisions of the Community Reinvestment Act

 Newspaper - Newspaper Comment Period Ending Date

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

Member Peninsula Bank of Commerce, Millbrae, California, to become a

member of the Federal Reserve System.

Member Family Security Bank, Brookings, Oregon, to become a member of

the Federal Reserve System.

3(a)(5)(C) Centennial Bankshares, Inc., to become a bank holding company

by acquiring Centennial Bank, both of Ogden, Utah.
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

1156539 Mid-Peninsula Bank

420 Cowper Street

Palo Alto, CA 9401

(650) 323-5150

04/14/1998 08/17/1998 O X

2473354 Idaho Banking Co.

6010 Fairview Avenue

Boise, D 83711-0629

(208) 322-5151

04/20/1998 08/17/1998 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