Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 38

Week Ending September 20, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions September 14, 2003 to September 20, 2003

Bank Holding Companies

Cathay Bancorp, Inc., Los Angeles, California -- to merge with GBC Bancorp and 

thereby acquire its subsidiary, General Bank.

- Approved, September 15, 2003 

Enforcement

Allfirst Financial Inc., Baltimore, Maryland; Allfirst Bank; and Allied Irish Banks, p.l.c., 

Dublin, Ireland. -- written agreement dated May 15, 2003, terminated February 24, 

2003.

- Announced, September 15, 2003 

Olathe Bancorporation, Inc., Olathe, Colorado -- written agreement dated September 

12, 2000, terminated July 11, 2003.

- Announced, September 15, 2003 

The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- written agreement 

dated July 12, 2002, terminated September 12, 2003.

- Announced, September 15, 2003 

Premier Bank, Denver, Colorado -- issuance of a cease and desist order against Craig 

Van Stone, a former senior vice president, chief financial officer, and cashier.

- Announced, September 11, 2003 (AC)

ShoreBank Cleveland, Cleveland, Ohio -- written agreement dated August 21, 1998, 

terminated August 21, 2003.

- Announced, September 15, 2003 

United Central Bank, Garland, Texas -- cease and desist order dated October 26, 2000, 

terminated August 29, 2003.

- Announced, September 15, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
September 14, 2003 to September 20, 2003

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 Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

The Adirondack Trust Company, Saratoga Springs, New York -- to establish a branch 

at 220 Church Street, Saratoga County.

- Approved, September 15, 2003 

New York

Ames Community Bank, Ames, Iowa -- to establish a branch at 604 North Highway 69, 

Huxley.

- Approved, September 19, 2003 

Chicago

Compass Bank, Birmingham, Alabama -- to establish a branch at 8100 East Freeway, 

Houston, Texas.

- Approved, September 17, 2003 

Atlanta

Hinsbrook Bank and Trust, Willowbrook, Illinois -- to establish a branch at 200 Village 

Drive, Downers Grove.

- Approved, September 15, 2003 

Chicago

JPMorgan Chase Bank, New York, New York -- to establish a branch at 10611 

Broadway Street, Pearland, Texas.

- Approved, September 18, 2003 

New York

North Valley Bank, Redding, California -- to establish a branch at 480 South Pioneer 

Avenue, Woodland, and to increase its investment in bank premises.

- Approved, September 19, 2003 

San Francisco

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 2255 

Glades Road, Suite 307E, Boca Raton, Florida.

- Approved, September 17, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority September 14, 2003 to September 20, 2003

Bank Holding Companies

The Colonial BancGroup, Inc., Montgomery, Alabama -- to merge with Sarasota 

Bancorporation, Inc., Sarasota, Florida, and thereby acquire its subsidiary, Sarasota 

Bank.

- Approved, September 17, 2003 

Atlanta

Kankakee Bancorp, Inc., Kankakee, Illinois -- to become a bank holding company by 

merging with Aviston Financial Corporation, Aviston, and thereby acquiring State Bank of 

Aviston; to retain control of KFS Bank, F.S.B., Kankakee, and thereby operate a 

savings association; to engage in real estate appraisal services and brokerage activities 

through KFS Services Corp, a subsidiary of KFS Bank, F.S.B.; and to become a 

financial holding company.

- Approved, September 18, 2003 

Chicago

RB Bancorporation, Athens, Alabama -- to become a bank holding company through the 

acquisition of Reliance Bank.

- Approved, September 19, 2003 

Atlanta

The Siwooganock Holding Company, Inc., Lancaster, New Hampshire -- to become a 

bank holding company through the acquisition of The Siwooganock Bank and to acquire 

shares of Lancaster National Bank.

- Approved, September 17, 2003 

Boston

Bank Mergers

The Ravenna Bank, Ravenna, Nebraska -- to merge with Pleasanton State Bank, 

Pleasanton, and establish branches.

- Approved, September 17, 2003 

Kansas City

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority September 14, 2003 to September 20, 2003

Bank Premises

The Bank at Broadmoor, Colorado Springs, Colorado -- to increase its investment in 

bank premises.

- Approved, September 16, 2003 

Kansas City

The Farmers Citizens Bank, Bucyrus, Ohio -- to invest in bank premises.

- Approved, September 17, 2003 

Cleveland

Change In Bank Control

Asian Financial Corporation, Philadelphia, Pennsylvania -- change in bank control.

- Permitted, September 15, 2003 

Philadelphia

Grand Lake Bancorp, Inc., Tulsa, Oklahoma -- change in bank control.

- Permitted, September 17, 2003 

Kansas City

Competitive Factors Reports

Associated Bank, National Association, Green Bay, Wisconsin -- report on competitive 

factors of the proposed merger with Associated Bank Illinois, National Association, 

Rockford, Illinois.

- Submitted, September 18, 2003 

Chicago

Cathay Bank, Los Angeles, California -- report on competitive factors of the proposed 

merger with General Bank.

- Submitted, September 17, 2003 

San Francisco

Community Bank of Southern Indiana, New Albany, Indiana -- report on competitive 

factors of the proposed merger with Community Bank of Kentucky, Inc., Bardstown, 

Kentucky.

- Submitted, September 16, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority September 14, 2003 to September 20, 2003

Competitive Factors Reports

First Security State Bank, Cranfills Gap, Texas -- report on competitive factors of the 

proposed acquisition of a branch of The Bank, Weatherford, at 1201 North Brazos, 

Whitney.

- Submitted, September 17, 2003 

Dallas

Southern Bank and Trust Company, Mount Olive, North Carolina -- report on 

competitive factors of the proposed purchase of the Norlina branch of RBC Centura 

Bank, Rocky Mount.

- Submitted, September 17, 2003 

Secretary

State Bank of Aviston, Aviston, Illinois -- report on competitive factors of the proposed 

merger with KFS Bank, F.S.B., Kankakee.

- Submitted, September 19, 2003 

Chicago

Sterling Financial Corporation, Spokane, Washington -- report on competitive factors of 

the proposed acquisition of Klamath First Bancorp, Inc., Klamath Falls, Oregon, and the 

proposed merger of Klamath First Federal Savings and Loan Association with Sterling 

Savings Bank, Spokane.

- Submitted, September 15, 2003 

San Francisco

TexStar National Bank, Universal City, Texas -- report on competitive factors of the 

proposed acquisition of branches of Surety Bank, N.A., Fort Worth, at 600 Pat Booker 

Road; 9154 FM 78, Converse; 1012 IH 35-S, New Braunfels; and 426 Wolfe Street, 

San Antonio.

- Submitted, September 17, 2003 

Dallas

Wilshire State Bank, Los Angeles, California -- report on competitive factors of the 

proposed merger with Arlington National Bank, Arlington, Texas.

- Submitted, September 15, 2003 

San Francisco

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority September 14, 2003 to September 20, 2003

Extensions Of Time

Capital City Bank, Tallahassee, Florida -- extension to April 16, 2004, to establish a 

branch at 10290 Regency Park Boulevard, Port Richey.

- Granted, September 16, 2003 

Atlanta

Newnan Coweta Bank, Newnan, Georgia -- extension to January 10, 2004, to establish 

a branch at 38 LaGrange and 41 Greenville Streets.

- Granted, September 18, 2003 

Atlanta

Prairieland Bancorp Employee Stock Ownership Plan and Trust, Bushnell, Illinois -- 

extension to December 20, 2003, to increase its ownership of Prairieland Bancorp, Inc. 

and thereby acquire Farmers and Merchants State Bank.

- Granted, September 19, 2003 

Chicago

(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, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

4(c)(8) Credit Agricole S.A., and SAS Rue la Boetie, both of Paris, 

France to engage in certin lending, investment advisory and 

futures commission merchant activities through the U.S. 

subsidiaries of Credit Lyonnais S.A., Paris, France.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(1) ESB Acquisition Corp., New York, New York to become a bank 

holding company through the acquisition of 100 percent of the 

outstanding shares of Emigrant Bancorp, New York, New York.

Newspaper – N/Avail

Fed. Reg. – 10/17/2003

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, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Applications by Fifth Third Bank, Grand Rapids, Michigan, to 

establish one branch office in Michigan and four branch offices 

in Illinois.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(5) Application by PNC Financial Services Group, Inc., Pittsburgh, 

PA to acquire United National Bancorp, Bridgewater, NJ and its 

subsidiary bank, United Trust Bank, Bridgewater, NJ.

Newspaper – 10/16/2003

Fed Register – N/Avail

4(c)(8) Application by Colonial Banc Corp., Eaton, OH, to acquire The 

Oculina Bank, Fort Pierce, FL.

Newspaper – N/Avail

Fed Register – 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

2347044 Ohio Heritage Bank

200 Main Street

Croshocton, Ohio 43812

06/23/2003 09/15/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch AmSouth Bank, Birmingham, Alabama, to establish a branch 

located at 34 N Barrett Square, Panama City Beach, Florida, to 

be known as the Rosemary Beach Branch.*

Newspaper-10/02/2003

Branch AmSouth Bank, Birmingham, Alabama, to establish a branch 

located at 2520 Countryside Boulevard, Clearwater, Florida, to 

be known as the Countryside Branch.* 

Newspaper-10/02/2003

Branch AmSouth Bank, Birmingham, Alabama, to establish a branch 

located at 6120 NW 1st Place, Gainesville, Florida, to be known 

as the Oaks Mall Branch.*

Newspaper-10/02/2003

Branch Regions Bank, Birmingham, Alabama, to establish a branch 

located at 500 North Akard, Dallas, Texas.*

Newspaper-09/20/2003

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

1799 Briarcliff Road, N.E., Atlanta, Georgia, to be known as the 

Sage Hill Office.* 

Newspaper-10/01/2003

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

and 4751 New Broad Street, Orlando, Florida, to be known as 

the Baldwin Park Office.*

Newspaper-10/01/2003

*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) Greene County Bancshares, Inc., Greeneville, Tennessee, to 

merge with Independent Bankshares Corporation, Gallatin, 

Tennessee, and thereby acquire its subsidiary banks, First 

Independent Bank, Gallatin, Tennessee, and Rutherford Bank & 

Trust Company, Murfreesboro, Tennessee.*

Newspaper-09/29/2003

Fed Reg-09/26/2003

3(a)(1) Floridian Community Holdings, Inc., to become a bank holding 

company by acquiring 100 percent of Floridian Community 

Bank, Inc., both of Davie, Florida.*

Newspaper-N/Avail

Fed Reg-N/Avail

*Subject to provisions of the Community Reinvestment Act
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

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

2914820 RBC Centura Card Bank

3475 Piedmont Road, Suite 300

Atlanta, Georgia 30305

(770) 384-1070

05/27/2003 09/17/2003 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C Baylake Bank, Sturgeon Bay, Wisconsin, to acquire the assets 

and assume the liabilities of the branch office of M&I Marshall 

& Ilsley Bank, Milwaukee, Wisconsin located at 1334 Ellis 

Street, Kewaunee, Wisconsin.*

Newspaper – 09/15/2003

Branch Citizens Bank, Flint, Michigan, to establish a branch facility to 

be located at 900 Tower Drive, Suite 100, Troy, Michigan.*

Newspaper – 10/10/2003

18C & Branches Rolling Hills Bank and Trust, Atlantic, Iowa, to purchase the 

assets and assume liabilities of the Walnut, Iowa, and Atlantic, 

Iowa branch offices of American Interstate bank, Manning, 

Iowa, and thereby to establish a branch at 10 West 6th Street, 

Atlantic, Iowa and at 300 Antique City Drive, Walnut,Iowa.*

Newspaper – N/Avail

Branch Salin Bank and Trust Company, Indianapolis, Indiana to 

establish a branch facility to be located at 351 Sagamore 

Parkway West, West Lafayette, Indiana.*

Newspaper – 09/19/2003

18C & Branches Southwest Bank of St. Louis, St. Louis, Missouri, to merge with 

Southwest Bank, Belleville, Illinois, and thereby to establish a 

branch at 2 Carlyle Park Drive, Belleville, Illinois.*

Newspaper – 09/18/2003

* 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) Northwest Financial Corp., Spencer, Iowa, to acquire 100 

percent of the voting shares of First Heartland Bancorp., Sioux 

Center, Iowa, and thereby indirectly acquire First National Bank 

of Sioux Center, Sioux Center, Iowa.*

Fed Reg – 10/14/2003

Newspaper – N/Avail

CIC Notice by Jason Christopher Nicholas, Atlantic, Iowa, to retain 

control of 19.01 percent of Whitney Corporation of Iowa, 

Atlantic, Iowa, and thereby indirectly acquire First Whitney 

Bank and Trust, Atlantic, Iowa.

Fed Reg – 09/29/2003

Newspaper – 09/25/2003
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Wintrust Financial Corporation, Lake Forest, Illinois, to acquire 

100 percent of the voting shares of Village Bancorp, Inc., 

Arlington Heights, Illinois, and thereby indirectly acquire 

Village Bank and Trust of Arlington Heights, Arlington Heights, 

Illinois.*

Fed Reg – 10/09/2003

Newspaper – 10/09/2003

* 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

Withdrawal from

 Membership

First American Bank, Carpentersville, Illinois, notification of 

withdrawal of membership from the Federal Reserve System.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

475345 Huron Community Bank

301 E. Newman Street

East Tawas, Michigan 48730

(517) 362-6103

06/09/2003 09/17/2003 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, September 20, 2003

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) Covenant Financial Corporation, Clarksdale, Mississippi, to 

become a bank holding company by acquiring 100 percent of 

Covenant Bank, Clarksdale, Mississippi.*

Newspaper – 10/13/2003

Fed Reg – 10/17/2003

* 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, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C & Branch Peoples State Bank of Truman, Inc., Truman, Minnesota, to 

merge with Martin County National Bank of Fairmont, 

Fairmont, Minnesota, and thereby establish a branch at 105 Lake 

Avenue, Fairmont, Minnesota.*

Newspaper - 10/04/2003

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

289757 Merchants State Bank

Freeman, South Dakota

05/27/2003 09/16/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, September 20, 2003

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) Liberty First Bancshares, Inc., Liberty, Missouri, to 

become a bank holding company through the acquisition of

100 percent of the voting shares of Liberty First Bank, 

Liberty, Missouri (in organization). 

Newspaper - N/Avail

Fed Reg - 10/10/2003

3(a)(3) Country Bancshares, Inc., Jamesport, Missouri, to acquire 

up to 14.9 percent of the voting shares of Liberty First 

Bancshares, Inc., Liberty, Missouri, parent of Liberty First 

Bank, Liberty, Missouri (in organization). 

Newspaper - N/Avail

Fed Reg - 10/10/2003

3(a)(3) First Capital Corporation, Fort Scott, Kansas, to acquire 

100 percent of the voting shares of Centerville State Bank, 

Centerville, Kansas.

Newspaper - 8/30/2003

Fed Reg - N/Avail

3(a)(3) First Centralia Bancshares, Inc., Centralia, Kansas, to 

directly acquire up to 14.33 percent of the voting shares of 

Century Capital Financial, Inc., Kilgore, Texas, parent of 

Century Capital Financial-Delaware, Inc., Wilmington, 

Delaware, parent of City National Bank, Kilgore, Texas.

Newspaper - N/Avail

Fed Reg - N/Avail

3(a)(3) First Centralia Bancshares, Inc., Centralia, Kansas, to 

indirectly acquire up to 35.80 percent of the voting shares 

of Century Capital Financial, Inc., Kilgore, Texas, held 

through Morrill Bancshares, Inc., Merriam, Kansas

Newspaper - N/Avail

Fed Reg - N/Avail

3(a)(3) First Centralia Bancshares, Inc., Centralia, Kansas, to 

indirectly acquire 14.33 percent of the voting shares held 

through Morrill Bancshares, Inc., Merriam, Kansas, 

interest in FBC Financial Corporation, Claremore, 

Oklahoma.

Newspaper - N/Avail

Fed Reg - N/Avail
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Morrill Bancshares, Inc., Merriam, Kansas, to directly 

acquire up to 35.80 percent of the voting shares of Century 

Capital Financial, Inc., Kilgore, Texas, parent of Century 

Capital Financial-Delaware, Inc., Wilmington, Delaware, 

parent of City National Bank, Kilgore, Texas.

Newspaper - N/Avail

Fed Reg - N/Avail

3(a)(3) Morrill Bancshares, Inc., to indirectly acquire up to 14.33 

percent of the voting shares of Century Capital Financial, 

Inc., Kilgore, Texas, through FBC Financial Corporation, 

Claremore, Oklahoma. 

Newspaper - N/Avail

Fed Reg - N/Avail

3(a)(3) Davis Bancorporation, Inc., Davis, Oklahoma, to directly 

or indirectly acquire up to 17.90 percent of the voting 

shares of Century Capital Financial, Inc., Kilgore, Texas, 

parent of Century Capital Financial-Delaware, Inc., 

Wilmington, Delaware, parent of City National Bank, 

Kilgore, Texas.

Newspaper - N/Avail

Fed Reg - N/Avail

4(c)(8) First Central Bancshares, Inc., Centralia, Kansas, to 

indirectly acquire up to 41.34 percent of FBC Financial 

Corporation, Claremore, Oklahoma, parent of 1st Bank 

Oklahoma, Claremore, Oklahoma, held through Morrill 

Banchsares, Inc., Merriam, Kansas. 

Newspaper - N/Avail

Fed Reg - N/Avail

4(c)(8) Morrill Bancshares, Inc., to directly acquire up to 41.34 

percent of the voting shares of FBC Financial Corporation, 

Claremore, Oklahoma, parent of 1st Bank Oklahoma, 

Claremore, Oklahoma.

Newspaper - N/Avail

Fed Reg - N/Avail

4(c)(8) Davis Bancorporation, Inc., Davis, Oklahoma, to directly 

acquire up to 13.78 percent of the voting shares of FBC 

Financial Corporation, Claremore, Oklahoma, parent of 1st 

Bank Oklahoma, Claremore, Oklahoma.

Newspaper - N/Avail

Fed Reg - N/Avail

CIC Gregg Stephen Ward and Susan Annette Ward, both of 

Leedey, Oklahoma, to acquire control of Camargo 

Financial Company, Inc., parent of First State Bank, both 

in Camargo, Oklahoma. 

Newspaper - N/Avail

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

328450 Chickasha Bank & Trust Company

1924 S. 4th Street

Chickasha, Oklahoma 73018-5903

06/23/2003 09/19/2003 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, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First State Bank, Granger, TX, to establish a branch at 

222 Clark Street, Bartlett, TX 76511*

Newspaper - 09/25/2003

*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)(1) Grant Bancshares, Inc., Natchitoches, LA, to acquire The Bank 

of Montgomery, Montgomery, LA*

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

Type Application

Ending date of

comment period

None

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

Type Application

25 PNB Financial Bank, Lubbock, TX, to establish an offshore 

branch in the Cayman Islands 
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, September 20, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None