Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 1

Week Ending January 2, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions December 27, 1998 to January 2, 1999

Banks, Foreign

National Westminster Bank Plc, London, England -- request by a commenter for 

review of the Federal Reserve Bank of New York's approval of the application to 

establish a branch in New York, New York.

- Denied, December 28, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
December 27, 1998 to January 2, 1999

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Byron Center State Bank, Byron Center, Michigan -- to establish a branch at 6225 

Kalamazoo Ave. SE, Kentwood, Michigan.

- Approved, December 30, 1998 

Chicago

Chelsea State Bank, Chelsea, Michigan -- to establish a branch at the intersection of 

Dexter Ann-Arbor Road and Dan Hoey Road, Dexter, Michigan.

- Approved, December 28, 1998 

Chicago

Colonial Bank, Montgomery, Alabama -- to establish a branch at 5015 S. Florida 

Avenue, Lakeland, Florida.

- Approved, December 28, 1998 

Atlanta

First Virginia Bank-Southwest, Roanoke, Virginia -- to establish a branch in the WalMart store at 1140 East Stuart Drive, Galax, Virginia.

- Approved, December 30, 1998 

Richmond

Texas Bank, Weatherford, Texas -- to establish a branch at 300 West 7th Street, Fort 

Worth, Texas.

- Approved, December 30, 1998 

Dallas

Bank Holding Companies

Ace Gas, Inc., Deshler, Nebraska, and Gibbon Exchange Company, Inc., Gibbon, 

Nebraska -- to acquire Junction City First National Company, Junction City, Kansas, 

and First National Bank and Trust Company.

- Approved, December 30, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 1 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Bank Holding Companies

Altrust Financial Services, Inc., Employee Stock Ownership Plan, Cullman, 

Alabama -- to acquire Altrust Financial Services and The Peoples Bank of North 

Alabama.

- Approved, December 29, 1998 

Atlanta

Area Bancshares Corporation, Owensboro, Kentucky, and Cardinal Bancshares, Inc., 

Lexington, Kentucky -- to acquire Alliance Bank, Somerset, Kentucky, after its 

conversion from a federal savings bank to a state nonmember bank.

- Approved, December 30, 1998 

St. Louis

Barret Bancorp, Inc., Barretville, Tennessee -- to acquire Barretville Bank and Trust 

Company and shares of Somerville Bank and Trust Company, Somerville, Tennessee.

- Approved, December 29, 1998 

St. Louis

Central Bancorp, Inc., Somerville, Massachusetts -- to acquire Central Co-operative 

Bank.

- Approved, December 30, 1998 

Boston

Citizens First Corporation, Bowling Green, Kentucky -- to acquire Citizens First 

Bank, Inc.

- Approved, December 28, 1998 

St. Louis

Commercial Bank of San Francisco, San Francisco, California -- request for waiver 

of application in connection with its proposed acquisition of and merger with Lippo 

Bank.

- Withdrawn, December 28, 1998 

San Francisco

CountryBanc Holding Company, Edmond, Oklahoma, and People First Bank, 

Hennessey, Oklahoma -- waiver of application to acquire Lone Wolf Bancshares, 

Inc., Lone Wolf, Oklahoma, and First State Bank, Hobart, Oklahoma. 

- Granted, November 24, 1998 (AC)

Kansas City

(AC) = Addition or Correction Delegated - Page 2 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Bank Holding Companies

Cyrus Bancshares, Inc., Cyrus, Minnesota -- to acquire shares of State Bank of 

Cyrus.

- Approved, December 30, 1998 

Minneapolis

First Bankshares of the South East, Inc., Alma, Georgia -- to engage in lending 

activities.

- Approved, December 31, 1998 

Atlanta

First Business Bancshares, Inc., Madison, Wisconsin -- to acquire shares of Fox 

River Valley Bancorp, Inc., Appleton, Wisconsin, and First Business Bank of the Fox 

River Valley.

- Returned, December 28, 1998 

Chicago

Fox River Valley Bancorp, Inc., Appleton, Wisconsin -- to acquire First Business 

Bank of the Fox River Valley.

- Returned, December 28, 1998 

Chicago

Limberlost Bancshares, Inc., Geneva, Indiana -- to acquire Bank of Geneva.

- Approved, December 31, 1998 

Chicago

Marshall & Ilsley Corporation, Milwaukee, Wisconsin -- to acquire Moneyline 

Express, Inc., Minneapolis, Minnesota, through M&I Data Services, Inc., 

Milwaukee, and engage in data processing activities.

- Approved, December 30, 1998 

Chicago

Mercantile Bancorporation Inc., St. Louis, Missouri -- to engage through Mercantile 

Consumer Loan Company, Rock Island, Illinois, in extending credit and servicing 

loans and acting as principal, agent, or broker for insurance directly related to an 

extension of credit by the bank holding company or any of its subsidiaries.

- Approved, December 31, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 3 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Bank Holding Companies

People's Utah Bancorp, American Fork, Utah -- to acquire Bank of American Fork.

- Approved, December 28, 1998 

San Francisco

PNC Bank Corp., Pittsburgh, Pennsylvania -- to acquire PFPC, Inc., Wilmington, 

Delaware, and Professional Fund Distributors Corp.

- Approved, December 31, 1998 

Cleveland

Premier Financial Bancorp, Inc., Georgetown, Kentucky -- to acquire Mt. Vernon 

Bancshares, Inc., Mt. Vernon, Kentucky.

- Approved, December 29, 1998 

Cleveland

Redfed Bancorp, Inc., Redlands, California -- deregistration under Regulation U.

- Approved, December 29, 1998 

San Francisco

Smith Family Limited Partnership, Fort Pierce, Florida -- to acquire shares of 

Riverside Banking Company, Fort Pierce, Florida.

- Approved, December 31, 1998 

Atlanta

U.S. Trust Corporation, New York, New York -- to acquire Radnor Capital 

Management, Inc., Wayne, Pennsylvania, and Custodian Securities Inc. and engage 

in financial and investment advisory services.

- Approved, December 30, 1998 

New York

Woodland Bancorporation, Inc., Homer, Louisiana -- to acquire First Woodlands 

Bank.

- Approved, December 30, 1998 

Dallas

(AC) = Addition or Correction Delegated - Page 4 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Bank Mergers

Southern California Bank, Newport Beach, California -- to merge with Pacific 

National Bank.

- Approved, December 30, 1998 

San Francisco

Bank Premises

Kearney Commercial Bank, Kearney, Missouri -- investment in bank premises.

- Approved, December 28, 1998 

Kansas City

Banks, State Member

Capon Valley Bank, Wardensville, West Virginia -- to exercise trust powers.

- Approved, December 30, 1998 

Richmond

Change In Bank Control

Adams Bancshares, Inc., Adams, Minnesota -- change in bank control.

- Permitted, December 28, 1998 

Minneapolis

TSB Services, Inc., Spencer, New York -- change in bank control.

- Permitted, November 17, 1998 (AC)

New York

Competitive Factors Reports

Andover Bank, Andover, Massachusetts -- report on competitive factors of the 

proposed merger with Andover Bank NH, Salem, New Hampshire.

- Submitted, December 28, 1998 

Boston

Belmar Savings Bank, Baltimore, Maryland -- report on competitive factors of the 

proposed merger with Belmar Federal Savings and Loan Association.

- Submitted, December 28, 1998 

Richmond

(AC) = Addition or Correction Delegated - Page 5 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Competitive Factors Reports

Citizens National Bank of Macomb, Macomb, Illinois -- report on competitive 

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

of the Bunker Hill, Carlinville, Galva, and Mount Pulaski, Illinois, branches of First 

Bank, Creve Coeur, Missouri.

- Submitted, December 30, 1998 

Chicago

F.N.B. Corporation, Hermitage, Pennsylvania -- report on competitive factors of the 

proposed establishment of Southwest Interim Bank No. 5, N.A., Sarasota, Florida; 

acquisition of Guaranty Bank & Trust Company, Venice, Florida; and merger of 

Southwest Interim Bank No. 5 with Guaranty Bank & Trust Company and West 

Coast Bank, Sarasota.

- Submitted, December 23, 1998 (AC)

Cleveland

First-Citizens Bank & Trust Company, Raleigh, North Carolina -- report on 

competitive factors of the proposed merger with Yancey Insurance Agency, Inc.

- Submitted, December 29, 1998 

Richmond

Georgia First Bank, N.A., Gainesville, Georgia -- report on competitive factors of 

the proposed merger with Gwinnett National Bank, Duluth, Georgia.

- Submitted, December 23, 1998 (AC)

Atlanta

Lafayette Bank and Trust Company, Lafayette, Indiana -- report on competitive 

factors of the proposed acquisition of assets and assumption of liabilities of three 

branches of Bank One Indiana, National Association, Indianapolis, Indiana.

- Submitted, December 30, 1998 

Chicago

LaSalle National Bank, Chicago, Illinois -- report on competitive factors of the 

proposed merger with LaSalle Bank, National Association.

- Submitted, December 30, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 6 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Competitive Factors Reports

National Republic Bank of Chicago, Chicago, Illinois -- report on competitive factors 

of the proposed merger with NR Interim National Bank.

- Submitted, December 30, 1998 

Chicago

People's Trust Company, Brookville, Indiana -- report on competitive factors of the 

proposed acquisition of assets and assumption of liabilities of four branches of Bank 

One Indiana, National Association, Indianapolis, Indiana.

- Submitted, December 30, 1998 

Chicago

Premier Bank, Atlanta, Georgia -- report on competitive factors of the proposed 

merger with The Central and Southern Bank of Georgia, Milledgeville, Georgia.

- Submitted, December 23, 1998 (AC)

Atlanta

Santa Monica Bank, Santa Monica, California -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Los Angeles branch 

of Southern California Bank, Newport Beach, California.

- Submitted, December 28, 1998 

San Francisco

Southeast National Bank of Moline, Moline, Illinois -- report on competitive factors 

of the proposed merger with New National Bank of Davenport, Davenport, Iowa.

- Submitted, December 30, 1998 

Chicago

Extensions Of Time

Equitable Financial Group, Inc., Fort Lauderdale, Florida -- extension to March 2, 

1999, to acquire Equitable Bank.

- Granted, November 17, 1998 (AC)

Atlanta

NBD Bank, Detroit, Michigan -- extension to December 30, 1999, to establish a loan 

production office at 15469 Telegraph Road, Monroe, Wisconsin.

- Granted, December 28, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 7 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Extensions Of Time

Northwest Bancorporation, Inc., Houston, Texas -- extension to January 31, 1999, 

to acquire Redstone Bancorporation, Inc., and Redstone Bank, N.A.

- Granted, December 31, 1998 

Dallas

Redstone Bancorporation, Inc., Houston, Texas -- extension to January 31, 1999, to 

acquire Redstone Bank, N.A.

- Granted, December 31, 1998 

Dallas

Societe Generale, Paris, France -- extension of time to fulfill a commitment to cease 

acting as a distributor of shares of certain open-end investment companies.

- Granted, December 31, 1998 

Director, BS&R

West Coast Bancorp, Lake Oswego, Oregon -- extension to divest certain property.

- Granted, December 29, 1998 

San Francisco

International Operations

BankAmerica International Financial Corporation, San Francisco, California -- 

waiver of the remainder of the 45-day notification period to make a portfolio 

investment.

- Granted, December 18, 1998 (AC)

Director, BS&R

Chase Manhattan Bank, New York, New York -- waiver of the remainder of the 45-

day notification period to make an investment in Chase London Diversified Fund 

Limited, Grand Cayman, Cayman Islands.

- Granted, December 28, 1998 

Director, BS&R

Morgan Guaranty International Finance Corporation, Wilmington, Delaware -- 

waiver of the remainder of the 45-day notification period to make an investment in 

J.P. Morgan Securities Asia Private Limited, Singapore.

- Granted, December 18, 1998 (AC)

Director, BS&R

(AC) = Addition or Correction Delegated - Page 8 of 9
H.2 Actions under delegated authority December 27, 1998 to January 2, 1999

Membership

FNB Bank, Baltimore, Maryland -- to become a member of the Federal Reserve 

System.

- Approved, December 31, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 9 of 9
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Banco de la Ciudad de Buenos Aires, Buenos Aires, Argentina,

to establish a representative office in New York, New York.

Newspaper – N/Avail

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

representative office in New York, New York.

Newspaper – N/Avail

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

branch in New York, New York.

Newspaper – N/Avail

Branch Interchange State Bank, Saddle Brook, New Jersey, to establish

a branch at 71 Crescent Avenue, Waldwick, New Jersey.*

Newspaper – 01/08/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1)/4(c)(8) Troy Financial Corporation, Troy, New York, to become a bank

holding company with respect to The Troy Savings Bank, Troy,

New York, and to engage in certain nonbanking activities.*

Newspaper – 01/09/1999

Fed Reg – 01/23/1999

3(a)(1) Cornerstone Bancorp, Inc., Stamford, Connecticut, to become a

bank holding company through the acquisition of all voting

shares of Cornerstone Bank, Stamford, Connecticut.*

Newspaper – 01/13/1999

Fed Reg – 01/23/1999

3(a)(1) Grand Bancorp, Inc., Kingston, New Jersey, to become a bank

holding company with respect to Grand Bank, N.A., Kingston,

New Jersey.*

Newspaper – 01/24/1999

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

4(c)(8) Skandinaviska Enskilda Banken, Stockholm, Sweden, to

retain ABB Investment Management Corp., Stamford,

Connecticut, and as a result, to provide investment advice.

Fed Reg – 01/07/1999

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

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, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Member Received application from Mid Am Bank, Toledo, OH on

12/30/1998 to become a member of the Federal Reserve System.

N/Avail

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Union Bank & Trust Company, Bowling Green, Virginia, to

merge with King George State Bank, King George, Virginia.*

01/22/1999

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(3) Union Bankshares Corporation, Bowling Green, Virginia, to

acquire 100% of the voting shares of The Bank of Williamsburg, Williamsburg, Virginia, an organizing bank.*

Fed Reg – 01/11/1999

Newspaper – 01/16/1999

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

177078 First Colonial Bank

5100 Oaklawn Boulevard

Hopewell, Virginia 23860-7334

10/05/1998 12/27/1998 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, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 2055 Cherokee Road, Alexander City, Alabama.

12/29/1998

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 3625 West Russell Road, Las Vegas, Nevada.

12/31/1998

Branch First Southern Bank, Boca Raton, Florida, to establish a branch

located at 401 North Lake Boulevard, North Palm Beach,

Florida, to be known as The North Lake Boulevard Branch.

12/29/1998

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

a branch located at 1515 N. Flagler Drive, Suite 100, West Palm

Beach, Florida.

01/07/1999

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

a branch located at 1555 Palm Beach Lakes Boulevard, West

Palm Beach, Florida.

01/07/1999

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

Type Application

Ending date of

comment period

CIC PBG Financial Services, Graceville, Florida, after-the-fact

notification by Mr. C. Finley McRae to retain 23.29 percent of

the outstanding shares of PBG Financial Services, Inc., and its

subsidiary, Peoples Bank of Graceville, both of Graceville,

Florida.

Fed Reg - 01/20/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

3(a)(1) Atlantic BancGroup, Inc., Jacksonville Beach, Florida, notice to

become a bank holding company by acquiring Oceanside Bank,

Jacksonville Beach, Florida.

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Johnson Bank

Racine, Wisconsin

 1801 Airport Road, Suite C2

 Waukesha, Wisconsin

Newspaper – 12/14/1998

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

Type Application

Ending date of

comment period

3(a)(1) First DuPage Bancorp, Inc.*

Westmont, Illinois

 First DuPage Bank (in organization)

 Westmont, Illinois

Fed Reg – 1/28/1999

Newspaper – 1/22/1999

3(a)(1) Fox River Valley Bancorp, Inc.*

Appleton, Wisconsin

 First Business Bank of the Fox River Valley (in organization)

 Appleton, Wisconsin

Fed Reg – 1/28/1999

Newspaper – N/Avail

3(a)(1) Greenville Community Financial Corporation*

Greenville, Michigan

 Greenville Community Bank (in organization)

 Greenville, Michigan

Fed Reg – 1/22/1999

Newspaper – N/Avail

3(a)(1) Waukesha Bankshares, Inc.*

Wauwatosa, Wisconsin

 Sunset Bank & Savings (in organization)

 Waukesha, Wisconsin

Fed Reg – 1/29/1999

Newspaper – N/Avail

3(a)(1) Fountain View Bancorp, Inc.*

Sigourney, Iowa

 Keokuk County Bankshares, Inc.

 Sigourney, Iowa

 Keokuk County State Bank

 Sigourney, Iowa

Fed Reg – 1/29/1999

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

Type Application

Ending date of

comment period

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

Evergreen Park, Illinois

 Norton Capital Corporation

 Morris, Illinois

 Exchange Bank

 Gardner, Illinois

Fed Reg – 1/28/1999

Newspaper – 1/16/1999

3(a)(3) First Business Bancshares, Inc.*

Madison, Wisconsin

 Fox River Valley Bancorp, Inc,

 Appleton, Wisconsin

 First Business Bank of the Fox River Valley (in organization)

 Appleton, Wisconsin

Fed Reg – 1/28/1999

Newspaper – N/Avail

3(a)(5) First Merchants Corporation*

Muncie, Indiana

 Jay Financial Corporation

 Portland, Indiana

 First National Bank of Portland

 Portland, Indiana

Fed Reg – 1/28/1999

Newspaper – 1/13/1999

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

5645 Unionbank-Central

601 S. Main

Princeton, Illinois 61356

(815) 879-2622

8/4/1998 12/31/1998 S X

499248 First American Bank

635 1st Street

Webster City, Iowa 50595

(515) 832-1133

10/5/1998 12/30/1998 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, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch *Notice by MidSouth Bank, Monette, Arkansas, to relocate its

main office from 302 West Drew Avenue, Monette, Arkansas, to

2506 Southwest Circle, Jonesboro, Arkansas, where the bank

currently has a branch office facility, and to retain the Monette,

Arkansas facility as a full service branch.

1/12/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Notice involving Illinois Community Bancorp, Inc., Effingham,

Illinois, by Gerald E. Ludwig.

Newspaper – 1/13/1999

Fed Reg – 1/19/1999

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Notice by Concord EFS, Inc., Memphis, Tennessee, to acquire

Electronic Payment Systems, Inc., Wilmington, Delaware, and

thereby engage in the operation and development of automated

teller machines and point of sale processing businesses and

related activities, pursuant to Section 225.28(b)(14) of

Regulation Y.

1/15/1999
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

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, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Fred C. Krahmer Irrevocable Trust, Fairmont, Minnesota to

acquire control of Truman Bancshares, Inc., Truman, Minnesota

N/Avail

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Johnson Holdings, Inc., East Central Holding Co., and Isanti

Agency, Inc., all of Isanti, Minnesota, to engage de novo in

securities brokerage activities through Isanti Agency, Inc.

N/Avail

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

679152 First Security Bank of Laurel

Laurel, Montana

9/14/1998 12/31/1998 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, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First State Bank of Taos, Taos, New Mexico, to establish a

branch at the corner of Highway 31 and Edward Drive, Belen,

New Mexico.

Newspaper – 01/10/1999

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

Type Application

Ending date of

comment period

3(a)(1) First Commerce Bancshares of Colorado, Colorado Springs,

Colorado, to become a bank holding company through the

acquisition of 100 percent of the voting shares of First

Commerce Bank of Colorado, N.A., Colorado Springs,

Colorado, a de novo bank in organization.

Newspaper – 01/21/1999

Fed Reg – 01/18/1999

3(a)(3) First Commerce Bancshares, Inc., Lincoln, Nebraska, to acquire

100 percent of the voting shares of First Commerce Bancshares

of Colorado, Colorado Springs, Colorado, and thereby indirectly

acquire First Commerce Bank of Colorado, N.A., Colorado

Springs, Colorado.

Newspaper – 01/21/1999

Fed Reg – 01/18/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Capital Bancorp, Inc., Delhi, LA, to acquire

Commercial Capital Bank, Delhi, LA (de novo)*

Fed Reg – 01/29/1999

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) South Plains Financial, Inc., Lubbock, TX, and

South Plains Delaware Financial Corporation, Dover, DE, to

acquire ARC Check Cashing, Inc., Lubbock, TX, and thereby

engage in check cashing services, wire transmission services,

bill payment services, issuing and selling consumer payment

instruments, credit and credit related activities,

government services distribution and incidental activities

Fed Reg – N/Avail

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, January 2, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Wells Fargo & Company, San Francisco, California, together

with Norwest Mortgage, Inc., and Norwest Ventures, Inc., both

of Des Moines, Iowa, to engage through their subsidiary,

MidAmerican Home Services Mortgage, LLC, West Des

Moines, Iowa, in residential mortgage lending, pursuant to

section 225.28(b)(1) of Regulation Y.

Fed Reg – 1/19/1999

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None