Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 19

Week Ending May 10, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 4, 2003 to May 10, 2003

Enforcement

The Daiwa Bank, Limited, Osaka, Japan -- termination of enforcement actions dated 

October 2, 1995, with the Federal Reserve Board and November 1, 1995, with the 

Federal Reserve Board, Federal Deposit Insurance Corporation, and bank supervisory 

agencies in several states.

- Announced, May 5, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
May 4, 2003 to May 10, 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

Community Bank Chaska, Chaska, Minnesota -- to establish a branch at 432 Pond 

Promenade, Chanhassen.

- Approved, May 9, 2003 

Minneapolis

Farmers and Merchants Bank of Rockford, Spokane, Washington -- to establish a 

branch at 506 East Hastings Road.

- Approved, May 7, 2003 

San Francisco

New Peoples Bank, Inc., Honaker, Virginia -- to establish a branch at 2600 North John 

B. Dennis Highway, Kingsport, Tennessee.

- Approved, May 8, 2003 

Richmond

Regions Bank, Birmingham, Alabama -- to establish branches at 5555 Whittlesey 

Boulevard, Columbus, Georgia, and 1337 West McDermott Drive, Allen, Texas.

- Approved, May 5, 2003 

Atlanta

Sandy Spring Bank, Olney, Maryland -- to establish a branch at 1100 West Patrick 

Street, Unit A, Frederick.

- Approved, May 7, 2003 

Richmond

SunTrust Bank, Atlanta, Georgia -- to establish branches at the intersection of Eagles 

Landing Parkway and Country Club Drive, Stockbridge, and at 4310 Ebenezer Road, 

Perry Hall, Maryland.

- Approved, May 5, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority May 4, 2003 to May 10, 2003

Bank Branches, Domestic

SunTrust Bank, Atlanta, Georgia -- to establish branches at 12821 Braemar Village 

Plaza, Bristow, Virginia; and 1275 K Street, N.W., Washington, D.C.

- Withdrawn, May 5, 2003 

Atlanta

Bank Holding Companies

American Trust Bancorp, Roswell, Georgia -- to become a bank holding company 

through the acquisition of American Trust Bank, a de novo bank.

- Approved, May 6, 2003 

Atlanta

Cass Information Systems, Inc., Bridgeton, Missouri -- to engage in data processing 

activities through the acquisition of shares of Imaging Acceptance Corporation, 

Warrenton, Virginia.

- Approved, May 5, 2003 

St. Louis

F.N.B. Corporation, Naples, Florida -- to merge with Charter Banking Corporation, 

Tampa, and thereby acquire its subsidiary, Southern Exchange Bank.

- Approved, March 15, 2003 (AC)

Atlanta

Fulton Financial Corporation, Lancaster, Pennsylvania -- to acquire Premier Bancorp, 

Inc., Doylestown.

- Approved, May 9, 2003 

Philadelphia

Main Street Banks, Inc., Kennesaw, Georgia -- to merge with First Colony Bancshares, 

Inc., Alpharetta, and thereby acquire First Colony Bank.

- Approved, May 7, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority May 4, 2003 to May 10, 2003

Bank Holding Companies

Mercantile Bancshares Corporation, Baltimore, Maryland -- to acquire Townsend 

Building and Loan Association, Townsend, Delaware, and thereby engage in extending 

credit and servicing loans.

- Approved, May 8, 2003 

Secretary

Newnan Coweta Bancshares, Inc., Newnan, Georgia -- waiver of a commitment.

- Granted, May 6, 2003 

Atlanta

RAM Security Holdings, Ltd, Waco, Texas, and RAM Security Holdings GP, Inc. -- to 

become bank holding companies through the acquisition of shares of Security Bancshares, 

Inc., and Citizens State Bank, Woodville.

- Approved, May 7, 2003 

Dallas

Service 1st Bancorp, Stockton, California -- to become a bank holding company through 

the acquisition of Service 1st Bank.

- Approved, May 8, 2003 

San Francisco

Southwest Bancorporation of Texas, Inc., Houston, Texas -- to acquire Maxim Financial 

Holdings, Inc., Dickinson, and thereby acquire Maxim Financial Holdings of Delaware, 

Inc., Wilmington, Delaware; and MaximBank, Dickinson.

- Approved, May 8, 2003 

Dallas

Western Alliance Bancorporation, Las Vegas, Nevada -- to acquire Torrey Pines Bank, 

San Diego, California, a de novo bank.

- Approved, May 8, 2003 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority May 4, 2003 to May 10, 2003

Bank Mergers

Comerica Bank, Detroit, Michigan -- to merge with Comerica Bank-Texas, Dallas, 

Texas; and Comerica Bank-California, San Jose, California, and thereby establish 

branches.

- Approved, May 9, 2003 

Chicago

Change In Bank Control

First Newman Grove Bankshares Corp., Newman Grove, Nebraska, and The First 

National Bank of Newman Grove -- change in bank control.

- Permitted, May 9, 2003 

Secretary

M.S.B. Corporation, Central City, Iowa -- change in bank control.

- Permitted, May 9, 2003 

Chicago

Competitive Factors Reports

Allegiant Bank, St. Louis, Missouri -- report on competitive factors of the proposed 

purchase of certain assets and assumption of deposit liabilities of the Chippewa Street 

branch of Heartland Bank.

- Submitted, May 7, 2003 

St. Louis

Bank Midwest, National Association, Kansas City, Missouri -- report on competitive 

factors of the proposed merger with Founders Bank, Chesterfield.

- Submitted, May 7, 2003 

Secretary

Bank of Clarks, Clarks, Nebraska -- report on competitive factors of the proposed 

merger with Farmers State Bank, Silver Creek.

- Submitted, May 8, 2003 

Kansas City

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority May 4, 2003 to May 10, 2003

Competitive Factors Reports

Bank of the Ozarks, Little Rock, Arkansas -- report on competitive factors of the 

proposed merger with River Valley Bank, Russellville.

- Submitted, May 7, 2003 

St. Louis

The Bevans State Bank of Menard, Menard, Texas -- report on competitive factors of 

the proposed merger with BSA Acquisition Corporation, Abilene.

- Submitted, May 8, 2003 

Dallas

Citizens Union State Bank and Trust, Clinton, Missouri -- report on competitive factors 

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

Springfield branch of Missouri State Bank and Trust Company, Clayton.

- Submitted, May 8, 2003 

Kansas City

Clear Lake National Bank, San Antonio, Texas -- report on competitive factors of the 

proposed merger with Mission National Bank.

- Submitted, May 7, 2003 

Secretary

Country Bank, Aledo, Illinois -- report on competitive factors of the proposed merger 

with Republic Bank of Aledo, Aledo.

- Submitted, May 8, 2003 

Chicago

Emprise Bank, Wichita, Kansas -- report on competitive factors of the proposed 

acquisition of certain assets and assumption of certain liabilities of the Eureka and Toronto 

branches of Emprise Bank, Iola.

- Submitted, May 8, 2003 

Kansas City

Farmers Bank, Antonia, Missouri -- report on competitive factors of the proposed 

merger with Normandy Bank, Northwoods.

- Submitted, May 5, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority May 4, 2003 to May 10, 2003

Competitive Factors Reports

Firstier Bank, Bushnell, Nebraska -- report on competitive factors of the proposed 

merger with the Kimball and Elm Creek branches of Compass Bank, Birmingham, 

Alabama.

- Submitted, May 8, 2003 

Kansas City

Main Street Bank, Covington, Georgia -- report on competitive factors of the proposed 

merger with First Colony Bank, Alpharetta.

- Submitted, May 7, 2003 

Atlanta

Manufacturers and Traders Trust Company, Buffalo, New York -- report on competitive 

factors of the proposed merger with Allfirst Trust Company, National Association, 

McLean, Virginia; and Allfirst Trust Company of Pennsylvania, National Association, 

Harrisburg, Pennsylvania.

- Submitted, May 6, 2003 

Secretary

Scottsburg Building and Loan Association, Scottsburg, Indiana -- report on competitive 

factors of the proposed merger with Interim Two Federal Savings Bank.

- Submitted, May 8, 2003 

Chicago

Service 1st Bank, Stockton, California -- report on competitive factors of the proposed 

merger with 1st Merger Corporation, Stockton.

- Submitted, May 6, 2003 

San Francisco

South Central Bank of Monroe County, Tompkinsville, Kentucky -- report on 

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

liabilities of the Edmonton branch of South Central Bank of Elizabethtown, FSB, 

Elizabethtown.

- Submitted, May 6, 2003 

St. Louis

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority May 4, 2003 to May 10, 2003

Extensions Of Time

Citigroup Inc., New York, New York -- extension to July 31, 2004, to conform the 

investments of Banco Nacional de Mexico, S.A., Mexico City, Mexico, to the 

requirements of Regulation K.

- Granted, May 9, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 7 of 7
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)1 SAS rue la Boetie, Paris, France, to indirectly acquire, through Newspaper – N/Avail 

its 70 percent-owned bank subsidiary, Credit Agricole, Paris, Fed Reg – N/Avail 

France, control of Espirito Santo Bank, Miami, Florida, and 

thereby become a bank holding company 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Pennsylvania State Bank, Camp Hill, PA to establish a branch Newspaper - 05/20/2003 

office at 7040 Jonestown Road, Dauphin Co, PA 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Application by Columbia Bancorp, Inc., Cincinnati, Ohio to Newspaper - 06/09/2003 

acquire 100 percent of the voting shares of Columbia Savings Fed Reg - 06/02/2003 

Bank, Cincinnati, Ohio. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

Section IV – Applications not subject to Fede ral 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 obta ined directly from the institution or Reserve Bank. 

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations sche duled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch NBRS Financial, Rising Sun, Maryland, to establish a branch Newspaper – 05/19/2003 

at the North East Station Shopping Center on U.S. Route 40, 

North East, Maryland.* 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period

3(a)(1) Tidelands Bancshares, Inc., Mt. Pleasant, South Carolina, to Fed Reg – 06/06/2003 

become a bank holding company through the acquisition of Newspaper – 06/04/2003

100% of the voting shares of Tidelands Bank (in organization), 

Mt. Pleasant, South Carolina.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

809324 Annapolis Banking and Trust 03/03/2003 05/10/2003 S X 

Company 

5 Church Circle 

Annapolis, Maryland 21401-0311 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 2994 South County Highway 395, Santa Rosa Beach, 

Florida.* 

Newspaper-05/15/2003 

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

located at 10 West Main Street, Pensacola, Florida.* 

Newspaper-05/07/2003 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) Central Georgia Banking Company, Cochran, Georgia, to 

become a bank holding company by acquiring 100 percent of 

State Bank of Cochran, Cochran, Georgia.* 

3(a)(1) Citizens National Banc Corporation, Meridian, Mississippi, to 

become a bank holding company by acquiring 100 percent of 

The Citizens National Bank of Meridian, Meridian, 

Mississippi.* 

CIC Horizon BanCorp, Inc., Decatur, Georgia, after-the-fact 

notification filed by Mr. R. C. Patel, Duluth, Georgia, and Mr. 

Mukesh Patel, Atlanta, Georgia, to each retain 12.05 percent 

each, or 24.1 percent collectively, of the outstanding shares of 

Horizon BanCorp, and Horizon Bank, both of Decatur, Georgia. 

Newspaper-05/12/2003 

Fed Reg-06/06/2003 

Newspaper-05/28/2003 

Fed Reg-05/30/2003 

Newspaper-05/20/2003 

Fed Reg-05/23/2003 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

3(a)(1) Alliance Bancshares, Inc., Dalton, Georgia, notice to become a 

bank holding company by acquiring Alliance National Bank, 

Dalton, Georgia. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

2616076 Riverside Bank of the Gulf Coast 

521 Del Prado Boulevard 

Cape Coral, Florida 33915 

(239) 573-9000 

732570 The Community Bank 

4205 Hillsboro Road 

Nashville, Tennessee 37215 

(615) 383-3809 

191177 Cumberland Bank 

Post Office Box 219 

Carthage, Tennessee 37030 

(615) 735-0256 

2607225 Premier Bank of Brentwood 

5217 Maryland Way 

Brentwood, Tennessee 37027 

(615) 376-0001 

12/02/2002 05/06/2003 O X 

12/20/2002 05/08/2003 S X 

12/09/2002 05/08/2003 O X 

01/21/2003 05/06/2003 S X 
Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) & Branches First Midwest Bank, Itasca, Illinois, to purchase the branch Newspaper – N/Avail 

office of The Northern Trust Company, Chicago, Illinois, 

located at 8501 West Higgins Road, Chicago, Illinois, and 

thereby to establish a branch at the same location.* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Notice by Commerce Bancorp Rabbi Trust, Berkeley, Illinois, to 

increase ownership from 9.97 percent to 10.21 percent of 

Commerce Bancorp, Inc., Berkeley, Illinois, and thereby 

indirectly acquire control of National Bank of Commerce, 

Berkeley, Illinois. 

Fed Reg – 04/28/2003 

Newspaper – N/Avail 

3(a)(3) National Bancshares, Inc., Bettendorf, Iowa, to acquire at least 

400,000 shares, or 33.56 percent of Benchmark Bancorp, Inc., 

Aurora, Illinois, and thereby indirectly Benchmark Bank, 

Aurora, Illinois.* 

Fed Reg – 04/18/2003 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

691145 Farmers State Bank of Breckenridge 

316 Saginaw Street 

Breckenridge, Michigan 48615 

(989) 841-3191 

2142155 Quad City Bank & Trust Co. 

2118 Middle Road 

Bettendorf, Iowa 52722 

(563) 344-0600 

02/03/2003 05/08/2003 S X 

06/30/2002 05/08/2003 S X 

Section VI – CRA examinations scheduled for Third Quarter of 2003 

Institution Location 

Midwest Bank and Trust Elmwood Park, Illinois 

Lake Forest, Illinois 

Monmouth, Illinois 

Lake Forest Bank and Trust Co. 

Midwest Bank of Western Illinois 
Section VI – CRA examinations scheduled for Third Quarter of 2003 

Institution Location 

The Bank of Illinois in Normal

Northview Bank and Trust Co.

Port Byron State Bank

First State Bank of Bourbon

Heritage Community Bank

Cedar Rapids Bank and Trust

American Trust and Savings Bank

Premier Bank

Humboldt Trust and Savings Bank

Primebank

West Chester Savings Bank

M&I Marshall & Ilsley Bank

Farmers and Merchants Bank

Normal, Illinois 

Northfield, Illinois 

Port Byron, Illinois 

Bourbon, Indiana 

Columbus, Indiana 

Cedar Rapids, Iowa 

Dubuque, Iowa 

Dubuque, Iowa 

Humboldt, Iowa 

LeMars, Iowa 

Washington, Iowa 

Milwaukee, Wisconsin 

Orfordville, Wisconsin 

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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Patriot Bank, Millington, Tennessee, to establish a branch Newspaper – 05/23/2003 

facility to be located at 354 Byhalia Road, Collierville, 

Tennessee.* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

831576 BankTennessee 

Collierville, Tennessee 01/21/2003 05/05/2003 S X 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Notice by Danny Jo McLeod, Horace, North Dakota, to acquire 

control of Quality Bankshares, Inc., Fingal, North Dakota, and 

thereby indirectly acquire control of Fingal State Bank, Fingal, 

North Dakota. 

CIC Notice by theWilliam F. Wanner Jr. Revocable Trust U/A Dated 

12/29/94 and William F. Wanner, Jr., and Kathleen A. Wanner 

as Trustees, all of Wayzata, Minnesota, to gain control of 

Ridgedale Financial Services, Inc., Minnetonka, Minnesota, and 

thereby indirectly gain control of Ridgedale State Bank, 

Minnetonka, Minnesota. 

Fed Reg- 05/13/2003 

Newspaper- 05/09/2003 

Fed Reg- 05/23/2003 

Newspaper- 05/22/2003 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

4(c)(8) Citizens Bancshares of Hutchinson, Inc., Hutchinson, 

Minnesota, proposes to acquire a book of business and thereby 

engage in the activities of financial planning, and providing 

investment services through Citizens Investment Services, LLC, 

Hutchinson, Minnesota. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

620752 First Citizens Bank of Polson, 01/21/2003 05/09/03 S X 

Polson, Montana 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch American Bank, Baxter Springs, Kansas, to establish a branch at Newspaper - 05/29/2003 

901 East 7th Street, Galena, Kansas. 

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

Ending date of 

Type Application comment period 

CIC Robert Schmucker, Raymond, Nebraska and Mark Blazek, Newspaper - N/Avail 

Valparaiso, Nebraska, to acquire control of Valparaiso Fed Reg - 05/27/2003 

Enterprises, Inc., Valparaiso, Nebraska, parent of Oak Creek 

Valley Bank, Valaparaiso, Nebraska. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

449953 First Bank Medicine Lodge 

101 S. Main Street 

Medicine Lodge, Kansas 67104-1408 

02/03/2003 05/05/2003 S X

815754 Bank of Cherokee County 

110 East Main 

Hulbert, Oklahoma 74441 

02/24/2003 05/06/2003 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, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period

3(a)(1) First Crockett Bancshares, Inc., Crockett, TX, and Crockett Fed Reg – 06/06/2003 

Delaware Bancshares, Inc., Wilmington, DE, to acquire First Newspaper – 06/03/2003

National Bank of Crockett, Crockett, TX* 

3(a)(1) Crockett Delaware Bancshares, Inc., Wilmington, DE, to acquire 

First National Bank of Crockett, Crockett, TX* 

Fed Reg – 06/06/2003 

Newspaper – 06/03/2003 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 10, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Notice by James Patrick Koehler, Aberdeen, South Dakota, to Newspaper – N/Avail 

increase his ownership of Valley Bancorp and, indirectly, of its Fed Reg – 05/29/2003 

wholly owned subsidiary, Valley Bank, both of Henderson, 

Nevada.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None